CONWAY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024
( A COMPANY LIfvIITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL)
COMPANY REGISTRATION NUMBER N1037461
CHAIUTY REGISTIL4TION NUMBER NIC 101569
O'HARA SHEARER
CHARTERED ACCOUNTANTS AND STATirroRY AUDrroRS
547 FALLS ROAD
BELFAST
BTII 9AB

CONWAY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024
CONTENTS
Page
Members and Professional Advisors
Trustees Annual Report
(includino the Statement of Trustees Responsibilities
in respect of financial statements)
Report of the Independent Examiners to the Trustees,
Accounting Policies
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 2024
OFFICERS AND OTHER INFORMATION
Directors,
Jane Burns
Andrew Donnelly
Moya Hinds
Michael Graham
Brendan McLarnon (Appointed 24101/2025)
Registered Offiee
The Mill
5-7 Conway Street
Belfast
BT13 2DE
Independent Examiners
O￿ara Shearer
Chartered Accountants
and Statutory Auditors
547 Falls Road
Belfast, B Tl19AB
Solicitors
Delaney & Co. Solicitors
54 AndersonstowTr Road
Belfast
BTII 9AN
Bankers
Danske Bank
Business Banking
POBOX 183
Donegall Square West
Belfast
BTI 6JS
CompaDy Registration Number
NI 037461
Charity Commission Northern Ireland
NIC 101569
Charity Registration Number
XR 35921
Page I

Conway Mill Preservation Trust
Limited.
Trustees, Annual Report
th
From I" December 2023- To 30 November 2024
Charity Nic. 101569
Date registered. 27/08/2015
Back
und
The Conway Mill Preserrfation Trust Limited was established in 31111-1999 with the aim of
preseniing, protectin& and restoring the mill complex for the benefrt of the inhabitants of Belfast
and of West Belfast in particular. Its main functions are: Overseeing the restoration of Conway Mill;
Ensuring 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
preseniation; Maintaining the buildings and site and documenting all works.
After an extensive refurbishment, (completed in 20111, 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 innercourtyard; car parks to the front and rearof the complex. Facilities
within the Mill Complex include: Disability ac￿ss. 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.
MPT Ch rit ble o
ectiv
are:
To preserve 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 fomi of buildings of particular beauty or historical, architectural or constructional
interest.

A statement of the main
ur
oses as defined b the charit
commission is:
The advancement of environmental protection or improvement.
Who do we help.
Tenants
Voluntary and community sector
Interface communities
Students
Ethnic minorities
Specific areas of deprivation
Local residents
How do we do thks?
The refurbishment of the two main blocks within the Mill complex has provided great benefit5 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
Facilitation of business develo
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; ICT. Tourism and Leisure: Legal.
ment
Affordable rental units provide essential space for busTness 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 2023- 30 November 2024 the Conway Mill Preseryation Trust
provided the following services:
Promotion of educational o
ortunitie
Students of architecture. engineerin& 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 business start-ups, we
continue to explore a way forward to make this happen and are waiting 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
economic o
ortunitie
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 perfomiance, 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 need5.
Promote Tourism locall
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 F￿, Belfast Welcome Centre and Belfast City Council to link-in to planned Linen
tourism trails.
roved health and 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

Tar Anall
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 charitys trustees
Full Name(s)
Mr Andrew Martin Donnelly
Position
Director
DATE 1410512025

CONWAY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024
TRUSTEES, ANNUAL REPORT
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees, are responsible for preparing the Trustees, Report and the financial statements in
accordance with applicable law and regulations.
Company Law requires the trustees, to prepare financial statements for each financial year.
The Trustees, who are also directors for the purposes of company law, present their report and the
financial statements of the charity for the year ended 30th November 2024. The Trustees confimi 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 to 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 directors must not approve the financial statements unless they are satisfied
that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of
the company for that period. In preparing those financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently-
make judgements and estimates that are reasonable and prudent.
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show
and explain the company's transactions and disclose with reasonable accuracy at any time the financial
position of the company and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the directors are aware:
there is no relevant information of which the company's independent examiner is unaware. and
the directors have taken all steps that they ought to have taken to make themselves aware
of any relevant inforniation and to establish that the independent examiner is aware of that infomiation.
By order of the board:
JANE BURNS
DIRECTOR
AM)REW DOIYNELLY
DtRECTOR
DATE 14th May 2025
Page 7

CONWAY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMELNTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024
Independent Examiner's Report to the Trustees of Conway Mill Preservation Trust Limited
report to the trustee5 on my examin￿10n of the financial statements of Conway Mill Preservation Trnst
Limited for the year ended Joth November 2024.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the
preparation of the financial staiements in accordance with the requirements of the Companies Act 2006.
Having satisfied myseifthat the financial statements of the chartty are not required to be audited under Part 16 of
the Companie5 Act 2006 and are eligible for independent examination. It is my responsibility to:
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
follow the procedures laid down in the general Directions given by the Charity Commission for
Northern Ireland under section 6i(9)(b) of the Charities ACL and
stale whether particular matters have cotne to my attention.
Basis of independent examiner's report
I have examined your charity accounts as required under section 65 of the Charities Act and tny examination was
carried out in accordantye with the general Directions gi￿en by the Chariry Cotnmi5sion for Northern Ireland
under section 65(9){b) 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 records. li also includes consideration of
any unusual items or disclosures in the account4 and seeking explanations from you as charity trustees
Concerning any such matters.
I have compleled my examination. I confirn) that no tnatters have come to my attention in connection with the
examination giving me cause to believe that in any ma*rial respect=
l. That ac¢ounting records were not kept in accordance with section J86 of the Companies Act 2006 - or
2. That the financial statements do not accord with those accounting records ' or
3. That the financial statements do not comply wilh the accouniing requirements of section 396 of the
Companies Act 2006 other than any requirement thai the financial ststements give a true and fair view which
is not a matter considered as part of an independent examination. or
4. the financial Stslements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and retx)rting by charities applicable lo charities
preparing their accounts in accordance with the Financial Reporting SL￿dard applicable in the UK and
Republic of Ireland (FRS 102)
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters ( l) to (4) liskd above and, in
connection with following the Direction5 of the Charity Cotnmi&sion for Northern Ireland. I have found no
matters
at require drawing to your atlenlion.
LAWRENCE SHEARER F.C.A., Senior sts￿t0ry Auditor
FOR AND ON BEHALF OF O'HA114 SHEARER, Statutory Auditor
O'HARA SHEARER
CHARTERED ACCOUNTANTS
AND STATUTORY AUDITORS
547 Falls Road
Belfast
BTI 19AB
Dated: 14th May 2025
Page 8

CONWAY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024
STATEMENT OF ACCOUNTING POLICIES
Accounting Convention and Basis of Accounting
The financial statetnents 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)
(elfective 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 associated with the governance arrangements of the charity 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

CONWAY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024
STATEMEwf 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
00/0 residual value
20 % 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 nornially 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

CONWAY MILL PRESERVATION TRUST LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024
STATEMENT OF ACCOUNTING POLICIES
Conlinued
Fund Accounting
Unrestricted funds are general funds that are available for use at the Tn￿tee$, 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 ar¢a or purpose.
The income received from funders 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 deferred when the donor specifies that the grdnvdonation 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 perforniance conditions is recognised as earned as the related goods/services 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 suffjcient reliability.
Ittcome is deferred when: fees/perfonnance 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

CONI Il'A Tr. II IILL PRESERI'.4TION TRIIST LIMITED
STATEIIEINT OF FIYI plNCI.IL Acfii'iTIES
the tncome 4nd ex
FOR THE I'E.IR ENDED 30TH NOI'EIIBER 2024
incor
oratin
enditure account
Unrtstrieted Restrieted Endownment
FuDds
Funds
TOTAL
21124
TOTAL
2023
NOTES
INCOfvIE AND ENDOIVNI¥IENTS FRONI:
Donations and legacies
Income from investments
Income from charitable activitie5
In¢om¢ from other trading activities
144
204.577
80
204.242
199,374
5,203
TOTAL INCO￿lE AND ENDOWNI%lENTS
199,518
5,203
2114,721
204,322
EXPENDITURE ON:
Expenditure on raising funds
Expenditure on charitable activiti&8
Otlier expenditure
Net gainslllosses) on investments
171,364
171,364
164,027
TOTAL RESOURCES EXPENDED
171,364
171.364
164.027
NET INCOiWtEI(E.XPENDITIIRE}
28,154
5203
33,357
40,295
Transfers between funds
32811,115 (3280,115)
NET IWIOVEIWIEKf IN FUNDS
3J08269 (3,274,912)
33,357
40,295
RECONCILIATiof4 OF FUNDS
TOTAL FUNDS BROIIGHT FORWARD
500 3.280.115
3.280.615 3.240,320
TOTAL FUNDS CARRIED FORIVARD
3J08.769
53113
3,313,972 3,280,615
The Statement of Financial A¢tivitie5 include5 all gaiJLS and 1055es in the yt4r and therefore
StatemeDt of Total R¢cogThis¢d Gains and Losses has not beets prtpared
All of the above relate to continuing aetivities
The iciompallyiDg x(touMliBg poliw Ind the fonll pArt ofthest fJth8nti*l stlfrThcDts
Page 12

CONWAY MILL PRESERVATION TRUST LIMITED
BALANCE SHEET
AS AT 30TH NOVEMBER 2024
2024
2023
NOTES
FIXED ASSETS
Tangible assets
3,603,610 3,604,575
CURRENT ASSETS
Debtors and prepayments
Cash at bank
Cash on deposit
Cash in hand
10
28,936
58,872
10,293
2,038
100,139
23,089
70,875
9,697
1,015
104,676
Creditors: amounts falling due within one year
(25,426) (28,615)
NET CURRENT ASSETSI(LIABILITIES)
74,713
76,061
TOTAL ASSETS LESS CURRENT ASSETSI( LIABILITIES }
3,678,323 3,680,636
Creditors: amounts falling due after more than one year
12
(364,351) (400,021)
NET ASSETS/(LIABILITIES)
3,313,972 3,280,615
FUNDS:
ENDOWNMENT FUNDS
UNRESTRICTED INCOME FUNDS
13114
3 J08,769
500
RESTRICTED INCOME FUNDS
13115
5203 3280,115
3J13,972 3,280,615
These financial statements were approved by the Trustees on 14th May 2025
and are signed on their behalf by:
ANDREW DONNELL
DIRECTOR
JANE BURNS
DIREcfoR
DATE 14th May 2025
The accompanying accounting policies and Dotts form part of these financial statements
Page 13

CONWAY MILL PRESERVATION TRUST LIMITED
NOTES TO THE FIP4.4NCIAL STATEI¥IENTS
FOR THE Tr'EAR EINDED 30TH NOVEIMBER 2024
I. DONATIONS AND LEGACIES
Unrestricted Restricled
Fund5
Funds
Unrestrieted Restricted
Funds
Funds
2024
2023
Donations
Legaci¢s
2. INCOME FROM INVESTMENTS
Unrestricted Restrieted
Fllnds
Funds
Unrestricted Restrieted
Funds
Funds
2024
2023
Income from UK listed investments
In¢ome from cash
80
80
144
80
80
3. INCOME FROM CHARITABLE ACTIVITIES
Unrestricted Restricted
Funds
Fund5
Unrestricted Restricted
Funds
Funds
2024
2023
Rent and service charges receivable
Conway Street Community Enlerpriscs Projcct Limited
Arts Council Nl
National Heritage Fund
199,374
199,374
204,242 204,242
5.203
5,203
199,374
5.203
204.577
204,242 204.242
4. INCOME FROM OTHER TRADING ACTIVITIES
Unrestricted Restricted
Funds
Funds
Unrestricted Restrif ted
Funds
Fllnds
2024
2023
Fundraising
Room hire
Page 14

CONWAY MILL PRESERVATION TRUST LIMITED
NOTES TO THE FIN.4NCIAL STATEII IENTS
FOR THE YEAR ENDED 30TH NOVEIMBER 2024
S. EXPENDITURE ON 114ISING FUNDS
Unrestrieted Restricted
Funds
Funds
Unrestricted Restricted
Funds
Funds
2024
2023
Protnotional and fundraising costs
6. EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted Restricted
Funds
Funds
Unrtstricted Restricted
Funds
Funds
2024
2023
Wages and salaries (See Note 8)
Social security costs (See Note 8)
Repairs and o￿l¢e maintenance
Printing, postage, 51ationery and advertising
Conway Street CoNllnunity Enterprises Projeci Limited
Sundry expenses
17.386
188
7,750
502
17.386
188
7,750
502
10.692
150
13,000
1,080
10,692
150
13.000
1,080
25826
25.826
24,922
24,922
Support Costs Governance costs
Light and heat
Telephone and internet
Propcty rates
Water rates
Insurance
Accountancy ftts
Other professional fees
Subscriptions and licence5
Depreciation
Loan interest
Bank interest and charges
73.301
73,301
75.397
75,397
4,324
14,722
12,474
2,090
4,302
447
965
32.684
229
4,324
14.722
12,474
2.090
4,302
447
965
32.684
229
11,713
12.162
1,910
2,796
26
965
33.901
235
11,713
12,162
1,910
2.796
26
965
33,901
235
145538
145538
IJ9,105 139.IOS
TOTAL EXPENDITURE ON CHARITABLE ACTIVITIES
171J64
171J64
164.027 164,027
Pw15

CONWAY MILL PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024
7. NET (OUTGOING)I INCOMING RESOURCES FOR THE YEAR
This is stated after chargingl(crediting)
2024
2023
Independent examiners remuneration
Depreciation
2,090
965
1,910
965
8. SALARY COSTS AIYD EMOLUMENTS
2024
2023
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:
2024
Number
2023
Number
No employees had emoluments in excess of £60,000 (2023: £Nil)
Trustees, remuneratlOD and benefits
There was no trustees, remuneration or other benefits for the year ended 30th November 2024. (2023: £Nil)
Trustees, Expenses
There were no trustees, expenses paid for the year ended 30th November 2024. (2023: £Nil)
Page 16

CONWAY MILL PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024
9. TANGIBLE FIXED ASSETS
Land
and
Computer
Plant &
Buildings Equipment Equipment
Total
COST
As at I st December 2023
3,603.455
3,375
1,451
3,608,281
Additions
Disposals
As at 30th November 2024
3,603.455
3,375
1,451
3,608,281
DEPRECIATION
As at I st December 2023
2,700
1,006
3,706
Charge for year
Eliminated on disposal
675
290
965
As at 30th November 2024
3,375
1,296
4,671
Net book value 2024
3,603,455
155
3,603,610
Net book value 2023
3,603,455
675
445
3,604,575
The land and buildings, stated at cosL relate to the Conway Mill Complex situated al The Mill, 5-7 Conway Street,
Belfast, BT13 2DE.
According to the terms of a Letter of Offer issued by the Department of Enterprise, Trade and Investment on
18th septeM￿r 2009, the Department's five year 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 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 2016
it will be necessary for Conway Mill Preservation Trust Limited to have a formal "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 charitys solicitor to draw up a fomial Deed of Release for approval of,
and execution by the Department of Enterprise, Trade and Investment.
The Charity's solicitors have now confirmed 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 Companles House.
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CONWAY MILL PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Debtors
Prepayments
15,909
21,062
2,027
28,936
23,089
11. CREDITORS: AMouKfs FALLING DUE WITHIN ONE YEAR
2024
2023
Social security costs and other taxes
Accrued expenses
Loan - The Architectural Heritage Fund
li,641
11,785
14,469
14,146
25,426
28,615
12. CREDITORS: AMOUNTS FALLING DUE AFfER ONE YEAR
2024
2023
Loan - The Architectural Heritage Fund
Danske Bank Bounce Back Loan
344,089
20,262
371,571
28,450
J64.J51
400,021
This loan relates to a mortgage deed Crealed 7th Novetnber 2008 between Conway Mill Preservation Trust
Limited and The Architectural Heritage Fund. The principal SUTn was £500,000.
13. MOVEMENT IN FUNDS
Opening Net Movement
Balance
in Funds
Transfer5
between Funds
2024
2023
Unrestricted Income Funds
General fund
500
28,154
3,280,115 3,308,769
500
500
28,154
3280,115 3,J08.769
500
Opening Net Movement
B21anee
in Funds
Transfers
between Funds
2024
2023
Restri¢ted Income Funds
Building fund
3280,115
520i
(3,280,115)
5,203 3280,115
i.280.115
(i,280,115)
5,203 3,280,115
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CONWAY MILL PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024
14. UNRESTRICTED INCOME FUNDS
2024
2023
Balance at 1st December 2023
500
500
Incoming resources for the year
Resources expended for the year
Transfers between funds
199,518
(171,364)
3,280,115
Balance at 30th November 2024
3,308,769
500
15. RESTIUCTED IIYCOME FUI¥DS
2024
2023
Balance at 1st December 2023
3,280,115 3,239,820
Incoming resources for the year
Resources expended for the year
Transfers between funds
5,203
204,322
(164,027)
(3,280,115)
Balance at 30th November 2024
5,203 3,280,115
16. LEGAL STATUS
Conway Mill Preservation Trust Limited is a Company Limited by Guarantee. Each member has agreed to
contribute £ l 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 101569. Date of Registration 27th August 2015.
Page 19