The Corrymeela Community (a company limited by guarantee) Statement of financial actiVRties (incorporating summary income and expenditure account) for the year ended 31 March 2023 Unreslricted Funds Resiricied Total funds runds 2023 Tolal funds 2022 Nole5 Income and Endowments Income from generAted funds Donaiions and legacies Oiher trading aclivilies Income from inveslmenls 8.975 359,975 3.704 26,619 100,0 628,378 5.67.1 9.440 26.619 Capital grants Income from charit8ble activities ResidLnlial income i ¢J).o 546,083 546,083 609,307 149,012 616.469 Other projecls Other income Sundry income Exchange rate gain Tvtsl infome and endowments 61,432 668 989.546 718.242 1,707,788 ,420,310 Expendlture Expenditure on roisin8 fund5 Cosls of generaling voluniary income Fundraisin8 Irading: cost of goods sold and other c051s Expenditure on charitable a¢livitles Project work Residenlial expenses Other outgoing resources Loss on disposal of asse Total resources expendedlexpenditure Gain l (L05s) on inveslmenl asseis 71,150 71,150 304 58,552 121,438 886,067 580.994 702,432 915a84 508,840 690.069 576 576 62 1,079,535 {24,746) 610,311 1,689046 (24,746) 1,262.446 27,904 10 Nel income before transfers {114,7.15} 99,9.31 (14,804) 5,8.15,110 5.820.506 107,931 (99,931) 8.0(Y) 487.771 (6004) 185,768 Gross iransfers between funds 15& 16 Net movement in Ivnds Fund balanees brought forward at l April Fund balan¢es carried forward at 31 Marcii (6004) 6J23,081 6?16,277 185.768 6,117,111 6,123.081 15& 16 495,771 The siatemenl of financial acliviiie5 includes all gains and1055es recognised in the year. All income and expendilure derive from coniinuing aclivilies. The siaiemeni of financial activities also complies with the requirements lor an income and expenditure account under the Companies Aci 20ffi. The noies on pages 20 10.34 form parl of Ihese financial siaiemenls. 17
The Corrymeela Community (a company limited by guarantee) Balance sheet as at 31 March 2023 Total funds 2023 Toial funds 2022 No*s Fixed assets Tangible assels Inveslmenis 4,081.633 395.745 4,477,378 .864.8 10 421).118 Tot fixed assets 4,284.924 Current a&se¢s Debiors 12 99,974 1,930,492 2,030,465 (191567) 1,838,898 6,316,277 6,316,277 Cd4h ai bank ond in hand 2.110,990 Total turrenl a55ets 2,179,167 (141.1.15) 2,036,232 6.323,081 6,12.1,081 CrLdilors'. amounis falling due within one year Net current assets Tolal assets less current liabilities Net assets Total funds of Ihe charity: Unrestricted income funds General 15 574 J03 5.246,203 SJ120J06 495,771 6J16,277 574,908 5.260.402 5.815,310 487,771 6.-323.081 Designaied 15 Restricted income funds 16 Total charily funds ThL'sL financial SlalLTrmenis havL l)een prL'pared in accorduncL wilh ihe pr(>visions applicable 10 compani¥'y subject 10 ihe small L()mpanies regimL. ThL IILC()unls wLf¥ approved by ihe Council on 271h June 2023. Brid Cullen Chair Edward Lane Honorary Treasuttr The noles on pages 20 10_14 form part of ih¢s¢ financial staiements, 18
The Corrymeela Community (a company limited by guarantee) Registered number: Nl 06823 Statement of cash flows for the year ended 31 March 2023 Note 2023 2022 Cashflows from operating activilies Cash generaied from operations nvesting Activities Invesimeni income 133,952 278,724 7,925 18,694 (340,696) 6,994 2.446 Inieresl received Purchase of iangible fixed asse1$ Addilions io invesimen(S (30,954) 30,581 (9,172) Disposal of investments Net cAsh used in investing aetivities (314ASO) 6,657 Increase In ¢ash And eash equivalents in the year (180,498) 285,181 Cash and cash equivalenls ai Ihe be8innin8 of (he ear 2,110,990 1.825,609 Cash and cash equivalents al Ihe end of Ihe year 1,930,492 2,110,990 Relating to: Cash al bank and in hand 1,930,492 2.110,990 19
The Corrymeela Community (a company limited by guarantee) STATEMENT OF ACCOUNTING POLICIES Charity information The Corrymeela Community is a privale cornpany limited by guaranlee incorporaied in Nonhern Ireland. The regislered office addrLss is 5 Drumaroan Road. Ballycasile. BT54 6QU. A summary of thL accounlbng policies, which have been applied consisiently, is sei out below. (a) Basis of preparation The financial sia(emenis have been prepared in accordanc¢ wilh Accounling and Reporting by Charities- Siaiemenl of Recommended PrliCe applicable to chariiies preparing their accounls in accordance with Ihe Financial Reporting Siartdard applicable in Ihe UK and Rcpublic of Ireland (FRS 102) {us umLnded for accounling periods commencing from l January 2016). The CoTrymeela Community meeis the definilion of a public benefil enlily under FRS 102. Assels and liabiliiies are iniiially recognised ai hislorical cosl or Iransaclion value unless oiherwise 51atLd in ihe relevanl accounting policy nDte(s). The financial siaicmcnls are prepared in slerlin8, wbich is the functional currenLy of Ihe Charily, Monetary amounls in ihesL. financial slalemenls are round io IhL ncoresi £. The principle accounling policies adopied ar¢ SLI oul b¥li)w. Ib) Going concern Ai the lime of approving Ihe financial slal¥mLnis. Ci)unLiI has a reasonable ¢xrKYtation ihal the Chariiy has adequate resources lo coniinue in operaiional exisienLL for Ihc foreseeable fulure. Thu5 Cvuncil continues lo adopl lh# giiin¥ L'unL¥rn basis of accounting in prLparing IhL finunci&l slalemenls. (c) Ineome reeognition Income is recogni5ed when ihe Charity has enliilemeni 10 (he lunds, any TIOrMance eondiiions aiiached lo Ihe iiem(s) of incDme have been mcl, it is probable Ihal Ihe income will be receivLYl and Ihe amouni can be measured reliably, Doiiotioiis Donations are r¢cLived by way of 8ranis. donaiions and gifis and are includcd in full in the Sts*meni of Financial Aciivilies when receivable. Izgacies LeglLs arL rcco8nised when received vr when IhLir amouni is capable of measuremenl. Enliilgmenis lo malerial legacies which are noi included are disclosed in ihL lliiiLS. Cliai'ilable shop incoiiie Goods for resale are included as inci)mL in Ihe period Ihe goods are sold, Revenue is reco8nisLd upon sale and when Ihe iiile to Ihe pmducl is transferred io Luslom¢rs, Other ipicoiiiiiig re5011Fres Project income. lei(ings and uiher incoine are included in full in the Siatemenl of Financial Aclivities when receivable. Graiils Revenue grants are credited io incoming resources on Ihe earlier dale of when ihey are received or when they are 20
The Corrymeela Community (a company lirnited by guarantee) receivable, unless ihey relaie io a specified fuiure period. in which case they are deferred. Granis for ihe purpose of capiial expendiiure are crediied io resiricied incomin8 resources when receivable and Iransferred io unres(ricied funds on purchase ol Ihe assei. (d) Intert receivable Interesl on funds held on deposlt is included when receivable and the amouni can be measured reliably by the Chariiy: Ihis is llormally upon notificaiion of ihe inieresi paid or payable by the Bank. (e) Fund Accounting The Communi(y has various types of funds for which il is responsible and which require separa* disclosure. Definiiions of the variou5 iypes of funds are as follows,, Reslricledfiiiids Funds received which are earmarked by ihe donor for specific purposes. Such purposes are within ihe overall aims of the Communiiy. Des18iialedfiiiids Funds received which are earmarked by Ihe charily for ScIfiC purposes. Such purposes are within the overall aims of Ihe Community. Uiireslricledfuiids Funds which are expendable at the discrelion of the council members in furtherance of Ihe objects of the Communiiy. In addilion io expendilure on projeeis and other aclivilies, such funds may be held in order 10 finance capital invesimeni and working capiial. (D Expendilure and irrecovervdble VAT Expendilure is recognised once there is a legal or conslruciive obligation 10 make a paymeni to a Ihird party, it is probable Ihai se(Ilemeni will be required aftd Ihe amounl uf IhL obli8alion can he measured reliably. Irrecoverable VAT is char8ed as a cosi against Ihe aciiviiy for which the expenditure was incurTed, Expenditure has been classified under he&dings ihat aggre8ale all c051s related 10 Ihe calegory. Where cosis cannot be direeily aiiribuied io particular headings Ihey have been Dllocated to activities on a basis consisieni wilh use of ihe resources. Si&ff costs and overhead expenses are allocaied to aciiviiies on the basis of staff lime stKnl on ihose activities. Cost of n7isiiigfiipids These include ihe salaries. direci expendiiure and overhedd cosls of 51aff who promole fundraising. including evenis and mailings. Chartfable aclivilies Charitable expendiiure comprises ihose eosts incurred by the chariiy in ihe delivery of lis aciivilies and services for ils beneficiaries. Ii ineludes LK)Ih eosis thai ean be all(uied directly 10 such aciiviiies and Ihose costs of an indireci nature necessary to supply them. Support COSIS are alloca¢ed to Iheir relevani aciiviiy based on ihe income received. {g) Foreign Currencies Transaciions denominaied in foreign currencies are iranslaied ai ihe exchange rate at the dale of Ihe Iransaclion. All moneiary asseis and liabiliiies denomina(ed in foreign currencies are translaied at the rale of exchange ruling at ihe balance sheei dale or ihe exchange raie ol a related foreign exchange coniracl where appropriate, Non- moneiary assets and liabiliiies denominaied in foreign currencies are Iran51ated ai the rale of exchange at Ihe dale of Ihe transaclion. The resulting gain or loss is deali wilh in the siaiemeni of financial activities, 21
The Corrymeela Community (a company limited by guarantee) (h) Tangible fixed assets and depreciation Tangible assets are siaied ai cost less accumulaied depreciaiion and any impairment losses. The cost of tangible fixed asse15 Is Iheir purchase cosl, togeiher with any incidenial cosis of acquisilion. Deprecialion is calculaled so a5 lo wrile off Ihe cosl of langible fixed asseis. less (heir esiimaied residual values over the expected useful economic lives of Ihe as5¢ts concerned. The principal annual rates used are as follows: Freehold land and buildings Computer equipment Furniture and Equipment Mo(or vehicles on Cost on cosi 20 on written down values 12.5 125 on cosi The company has a policy lo capilalise all iiems > £ I,Q(X). (l) Impairnient of fixed assets At each reporling dale, the Charily reviews ihe carrying amounts of ils tangible asseis io determine wheiher ih¢re is any indication Ihal those assels have 5uffeTed an impairment lo&s, Ifany such indicalion exists, Ihe recoverable amounl of Ihe asset is esiimaied in order io deiermine the extenl of ihL impairmeni loss (if any). (i) Investments Inveiimenis in subsidi£uy undLrtaking.8 are slalLYI al L'051, hul are wriiien d()wn 10 their realisable value if il is considered Ihal there hds bLLn an irnpairmcnt, Investrnenis are included al c105ing mid-markLI vuIuL ui Ihe balance sheel dale, Any realised and unrealised gains and losses on revaluaiion or disposals arL combinLd in IhL Slalemeni of Financial Aciiviiies. Ii is the Charity's policy to keep valuoiions up io datL sueh ihai whL'n invL'simL'nls are sold Iher¢ 15 no realised gain or loss arising. As a result Ihe Sialemeni of Financial Aciivilies does noi disiinguish belween the valualiorj adju5tmenis relaling lo sale5 and Ihose relalin8 10 c¢)niinued holdings as Ihey are logeiher Irealed a5 changes in (he inveslmenl porifolio Ihroughoul Ihe year. MovL'mLnis in value arising from inveslmenl change5 or revalualion and (he profit on disposal or inv¥Slm¢nis huv¢ bL'en charged or crediled lo Ihe funds to which Ihey relate, (k) Debtors Trade and oihcr dLbiors w¢ statcd afier all known bad debts have been wril(en off ond specific provision has been made againsl all debis considered doubiful of colleciion. Prepaymenls are valued ai Ihe amount prepaid net of any Irade discounls due. (l) Cash and cash equlvalents Cash and cash equivalents include cash and shorl term highly liquid invesimenls with a short malurily of three monihs or less Irom Ihe dale ol aLquisilion or opening of ihe deposit or similar account. (m) Creditors and provisions Credi(ors and provisions are recognised where Ihe charity has a present obligaiion resuliing from o pasi evenl thai will probably iesuli in Ihe Iransfer of funds 10 a Ihird pariy and ihe amouni due 10 seiile the obligaiion can be measured or estimaled reliably. Crediiors and provisions are normally recognised ai iheir seiilemenl amounl afier allowing for any Irade discounis due. (n) Financial instrnments The Chariiy only has financial asseis and financial liabililies of a kind that qualify as basic financial bnsiruments. Basic financial inslrumenis are iniiially recognised at Iran5aclion value and subsequenily measur¢d ai iheir seiilement value with Ihe excepiion of bank loans which are subsequently measured al amortised cosl using the effeciive interest method. 22
The Corrymeela Community (a company Ilmlted by guarantee) (o) Pension Costs The Community operales a defined conlribulion pension scheme for the benefii of those of its rmanent staff wishing to parlicipate. The assets of Ihe scheme are adminislered by an insurance company in personal pension plans and are held indepeIentlY from ihose of ihe Community. Contributions are charged io ihe S(aMen¢ of FinanciAI Activiiies in (h¢ pcri(Kl to which they relat¢. (p) Taxation No provision is required for 10n as the Company is defined as a charity for laxaiion purposes. (q) Employee Benefits The ¢0515 of shorl-lerm employee benefils are recognised as a liabiliiy and an expense, unl¢ss ihose cosis are required lo be recognised as paTI of Ihe cosl of s(oLk (PT fixed &ssels. The cosl of any unused holiday enlillement for 51aff is recognised in Ihe peTiod which Ihe employees. services are received. Terminaiion benefits are recognised immediaiely as an expense when the company is demonsirably committed to ierminate ihe employmeni of an employee or lo provide lerminalion benefits. (r) Operating Leases Renials under operating leases are eharged lo Ihe Sialemenl of financial aclivilies on a slraighl line basis over the l¢as¢ i¢rms, (s) Crltical estimAttS And judgements Tn ihe applicaiion of Ihe Charity's accountin8 policies, Council are required 10 make judgemenls, estimales and assumpiions about ihe caTrying amounl of assets and liabiliiies ihai are noi Teadily apparL'nl from o(her sources. The eslimates and associaled assumpiions are based on hisiorical experienc¢ and oiher faclors Ihai are considered lo be relevanl. Actual resulis may differ from these esiimaies. The eslimales and underlying assumpiions are reviewed on an on£oin8 basis. Revisions to accouniing esiimaies are recognised in Ihe period in which ihe estimate is revised where ihe revision affecls only thai period. or in Ihe period of the revision and fulure period5 where Ihe revision affecls both currenl and future periods.
The Corrymeela Community (a company limited by guarantee) Income Unresiricted funds Restricted fund5 2023 2022 Incoming resour¢e5 Voluntary income Donations 227.930 121,110 231865 128,110 359,975 296,986 311.392 Legacies 5,OCK) 628,178 Other tradin8 activities Shop income 3,704 3,704 Ineome from investments Dividend income 7,925 18,694 7,925 18,694 26,619 6,994 2,446 9,440 Bank iDleresl 26,619 Other projects Community Relations CounLiI DL'pariment of Forei8n Affairs and Trade t)oH Menial Healih Fund CFNI 67.655 161.102 67,655 161,102 120248 39,135 23,448 35819 2A15 68.027 114.791 120,248 101.106 120,248 EduLiiiiun Auihoriiy National Heriiage Loiiery Fund B¢lf&si Cily Council PEACE IV NICRC - CRCD Fund 2,415 NICRC - Publications Fund 1,925 5,OlX) 7,2CKJ Langdale Trusi Sir Halley Siewarl Trust HMRC - CJRS Furlough Grani Claims HLnry Luce Foundaiion Blue Pilgrim VSB Foundation Pilgrim Granl OihL'r granis 4.(K)O 4,0110 81,814 I O,OCM) 7,5(M) 56,571 609,-107 81014 10,000 7,500 26,571 609,307 58,151 616.470 Olher income Sundry income 61,432 61,432 The income from legacies and donations was £359,975 of which £351,040 was unresiricled (2022: £546,85.3) and £81,525 was reslricied (2022,. £81,525). Activities for generaling funds, invesimenl income and oiher resources were all unrestricted (2022 11 unreslricted) whilsl oiher pwojecl income was restricted (2022 resiricied). 24
The Corrymeela Community (a company limited by guarantee) Costs of generating voluntary Income Unreslricted funds Res(rict funds 2023 2022 Salaries. wages and pensions Oiher Siaff Cosis 18,880 18080 393 15.176 Fundraising materials Publicily Renl & offic¢ overheads 10,163 10,340 7,007 9,413 10,887 6,969 9.765 8,446 712 7.007 Compuler mainlenance & software Consultancy Exchange rale loss Banking Charges Sialionery, prinling and postage Oih¢r suppon cosis 10.887 142 2.449 949 2,449 949 827 669 71,150 669 495 58.552 71,150 Expenditure on costs of seneraling volunlary income was £71,150 all of which wa5 unreslricled (2022.. £56.181) and £NIL was reslricled (2022: £2,171). Expenditure on charltable actlvltles Project work Residential expenses Tolal 2023 Toial 2022 Salaries, wages and pensions Volunieerin8 Other staff costs 414,582 14.925 15,668 487.528 902,110 14,925 19,565 123,252 148,896 74,685 171,598 59,678 23,527 39,192 12,087 28,301 1,617,816 728,029 10,180 12,980 128,600 120.511 Deprecialion Centre overheads 123,246 148,896 70,742 7.874 8.146 Food Programme expenses Conferences 163,724 101,745 2_7,802 6,498 26.5.12 Group (ranspori Computer mainienance & software Office rent 12,684 12,087 Oiher suppoN cosis Total 2023 18,028 702,432 915,384 508,840 690,069 Expendilure on charilable activities wa5 £1,617.816. of which £1,007,505 was unrestricied (2022: £591,175) and £610.31 I was restricied (2022- £607.534). 20,094 Total 2022 1,198.909 25
The Corrymeela Community (a company limited by guaranlee) Net Incomel(expenditure) 2023 2022 Net Incomel(expenditure) stated After chargingl(crediting): .Siaff costs (nolc 6) D¢'preciaiion of iangible fixed assets - owned asse15 FLes payable (o ihe company's audiiors for Ihc audii of ihe financial slaiemenls Operaiing lease charges - plani and machinery Loss on disposal of fixed a5sels Directors, indemnity insurance 906,743 123,292 6,600 1052 (576) 2,4S6 741.516 128,655 6.600 2.052 (62) 1,465 Employee Informatlon 2023 2022 Staff costs: WagLs and salarics S()Li*il sccurily costs Ih¢'r pension cosls 794,699 68,100 43,944 906,743 651,102 741,516 Included in employee cosls in IhL' SiaiLinLnl of Financial Aclivilies is an amount of £14,24612022: L1.669) relating io the cosl of iemporarylcasual slaff and recruiimL'ni cos(s. Nvjnber Number Average monthly number of persons employed by the Community during the year by loeation Bella%1 Ballyiu%il¥ 25 31 29 There are ni) employees falling in emolumenls band ovl'r £60,IX)O in either the cutTent or Ihe previous financial year. The kcy rnanagcmenl pers(InnLI ol. IhL' churily L()Inpri5e th¢ Council fflembers and head5 of d¢partmenls. The iolal employee bLnLfils of Ihe kLy managLmLnt PLls1)nnLI ()I' IhL Lharity were £.I09,51612021- £288,892). Councll members emoluments No Council members12022: NIL) re¢eived emolum¢nts and 2 Council members received reimburs¢ment of expenses during the year £1,295 12022- £NIL). Taxatlon The Communily is a re8isiered Charity {Charily No. NIC101597), and as such is eniiiled io certain tax exemptions on income and profiis from inveslments, and surplu%e.s (In any trading acliviiies carried on in furiherance of ihe charily's primary objectives, if Ihese profils and surpluses are applied solLly for chariiable purposes. The charily is not registered for VAT and accordingly, all its ¢xpenditur¢ is T¢corded inclusiv¢ ol any VAT incurred. 26
The Corrymeela Community (a company limited by guarantee) Tangible assets Freehold land & buildings Computer equipment Furniture & equipment Motor vehicles Total Cost Al l April 2022 Addilions 5.629,419 100,437 481,976 6,896 (10,541) 480J29 7,520 6,221,352 Djsposals At 31 March 2023 (8,526) 91,911 (19,069) 6,542,979 5,963.219 7,S20 Accumulated depreciation Ai l April 2022 Charge for Ihe year Release on disposals At 31 Mr4rch 2023 1,819,403 110.081 98,528 1,909 18.526) 4.11,095 7,520 2,356,546 123.292 (18.492) {9.966) 1,929,484 91,911 432,431 7,520 2,461,346 Net book amount At 31 Mareh 2023 4,033,73S 3,810,016 47,898 52.881 4,081,611 At I l March 2022 1,909 3.864.806 10 Investments Quoted Inveslments 2023 2022 Market value At l April 2022 Addiiions ai cosi 420,118 30,954 {30,581) {24,746) 39S,745 303,168 389.431 9.172 (6.389) 27.904 Dispi)%als al markct value Nei gain l (loss) on revaluaiion At JI March 2023 420.118 Historical ¢051 al I l March 2022 296,.151 All investments ure held in managed portfolios by Evelyn (formerly Smiih & Williamson). 27
The Corrymeela Community (a company limited by guarantee) 11 Financial Instruments 2023 2022 Investments measured al fair value 395,745 420.118 12 Debtors 2023 2022 Grants receivable 17,968 51,960 30,046 99,974 Oiher debiors 21.078 18,228 Prepayments and accrued income 13 Credltors: amounts falling due withln one year 2023 2022 Trade crediiors 54,490 21,759 115,318 191,S67 Other lax and social security Accruals and deferred income 21.171 14.1,1I5 14 Financial commitments Ai I l March 2023 Ihe company had annual commilmenis under non-¢an¢ellable operaiing leases expiring as follows:. Plant & machinery 2023 2022 Land and buildings 2023 2022 Wiihin one year Within iwo lo five years 798 120 8,982 6,105 798 120 8,982 6.105 28
The Corrymeela Community (a company limited by guarantee) 15 Unrestricted income funds Transfers tolfrom general fund Transfers Balance Unrealised l April profi¢ on 2022 investment Bal¥dnce 31 March 2023 Incoming resources Utilisedl released Designated funds Capital Building fund 3,810,018 (110.081) 4,033,737 Developing Creaiive Programme 27.3,348 (2.667) (69) 270,612 Refurbishmeni fund 329.677 329,677 Beifasi Building fund 147,159 11,182) 145.977 Waste Waier Treoiment Plant Projecl 450,000 (211,800) 21621)0 Sil¢ Developmeni & Renewable Ener 250.(M)O 250,0( 5,260,402 574.908 5.815,310 (4.049) (110,081) (1,075.486) 110,081 989,545 {1,079,575) 99,9.11 5246,203 574,303 5820,506 Gener41 funds (24,746) (24,746) The capital building fund consists of fund5 r¢ceiv¢d for fre¢hold land and buildings which are transferred lo unresiricled funds when expended and Ihen released from designated to general funds over ihe related assets useful life, Developing crealive programme is coming out of our new operational model allowing for the foundalions and development of a new leam and programmes. The refurbishmeni fund is lo be used by Corryrneela over the nexl 5 years and will be used lo upgrade and maintain Ihe exisiing buildings, fixlures and equipmenl in order to preserve Ihem and keep Ihem at serviceable level. The Belfasl building fund is the income from (he sale of ihe properly in Belfasi and has been designated by Council towards Corrymeela's Belfasi presence. The Wasie Waler Treaimeni Plani projeci is for Ihe replacemeni of ihe curreni sewage system ID ensure il is complillnl wilh limits sei by the NIEA. The Sile Developmeni and Renewable Energy fund has been earmarked 10 develop Ihe sile for the tulure and seek io use more environmenial ways of generating energy io service Ihe cenire. 29
The Corrymeela Community (a company limited by guarantee) 16 Restrlcted income funds Balance l April Incoming 2022 resour¢es Balance 31 March 2023 Utilisedl released TrAnsfe C()mmuniiy Relations Council - Core Funding Scheme CFNI - DOH Mental Healih Fund JVM Trunch Will Trust- Irish School ofEcumenics BLllasi Cily C()uncil PEACE IV- BLllasi & lh¥ World Project DL'p£irimL'ni of Foreign Affairs and Trade - Building Reconciled Comrnunities 2019 UlslLr SLL)ts Agency HLnry Luce Foundatio .Sir Halley S*wori Trust Deparimenl of Foreign Affairs and Trade - HLriiage Projecl OPOPOP DLpartment of Foreign Affairs and TradL - Si)Lial Healing DLpdrimeni ofForeign Affairs and TTad¥- R¥L()ncilialion Fund 2020 Duvid Tyler Trust Langdale Trust Beairice Hankey Foundaiion Ltd (ThL BIUL Pilgrims) Naiional Loiiery Heriiage Fund tkpthrinieni of Foreign Affairs and Trade - Susiainins Hope 2021-22 EA Shared Education Department of Foreign Afruir2i und Trade- Heriluge Projeci OPOPOP Ardbarron Twsi- Susiainin8 Hop¢ V.8B Foundation Pilgrim Grant C<)Inmunity Relalions Council CRCD Fund- Inierfaiih DLparlmenl of Foreign Affair5 and Trade- .SiriilLgic Partnership 2022-21 DLparlmenl of Foreign Affairs and Trade- RLYunciliation Fund - Keeping the Faiih Causeway C02sI & Glens Capiial Grani Ulsier Garden Villages Capital Grant Kathleen & Ray Davey Fund Oiher Granls Rcslricted Donaiions Resiricied Legacies 67.655 120,248 {68,178) (175,964) {1,116) 64.745 9,029 2,777 {15,419) (.1,994) 1,5(Kl 585 11,903 1,500 75,264 9,524 81.814 (7,115) (2,379) 5,797 5,797 <5,416) 2,559 (2,559) 3,420 8,595 4,625 7,042 4.0 10,u(xi (2.447) (6,188) (21,448) (29,666) 5,580 12,768 (.31.91.1) 19,990 (17,702) 8,037 13.894) (3.826) (2,415) 7,500 2.415 3,674 126,861 (87.948) 38,913 .14,241 (1,552) 30,689 50,0(K) 50.0(K) (50.(K)O) (50,(K)O) 51,476 2.7.11 51,959 6,714 20,119 189,565 56,571 -3.452 5.000 152.657) (1,971) (40,504) 69 225,069 487,771 718,242 (610,111) (99,911) 495,771 The Communiiy Relations Council Core Funding Programme is for the purpose of assisting with salary costs of key employees. The Communily Foundalion for Northern Ireland Ihrough the Departmenl of Healih Mental Health Fund provided funding to support ihe Asylum Seeker and Refugee Trauma Informed Support Programme. This is a l year parlnership supporling salary cost5, operalional cosls, office costs and capilal cosis.
The Corrymeela Community (a company limited by guarantee) 16 Restrlcted Income funds (eontinued) JVM Trench Will Trust grant payable through the Irish School of Ecurnenics Trust funded Ihe costs of slage one of The Faithful Dialogue project, which brings theologians and faith ¢ommunilies togeiher lo reflect on Ihe dynamics of power and conflicl. Belfast Cily Council provided funding for "Belfasl and the World, 1918-1921- Marking the Decade of Cenlenarie5" PEACE IV Programme Services supporting staff costs. managemenl fees and activity Costs. The Deparlmeni for Foreign Affairs and Trade: Reconciliation Fund supported the Building Reconciled Communities Project supporlin8 salary and programme costs. Ulster-scols Agency provided funding lo support a range of UIsieT-Scols programming al the Cnrafe5t events. Henry Luce Foundation provided funding to supporl the development of ihe Irish Network for Public Theology supporting salary osts. resources and programme costs. Sir Halley Siewarl Trust provided funding lo supporl a practical guide to faith communities responding lo gender-based violence. A gender-based violence learning resource for faith groups offering advice. guidance and ways of discussing Ihe issue in fai(h communiiies. Deparimeni of Foreign Affairs; Reconcilialion Fund provided funding for Ihe Our Places, Our Pasts, Our Perspectives project by supporting siaff cosis, overheads and resideniial cosis. for year one of Ihe programme. The underspend has been re-profiled to be spent on programme nciivities in 2023. Department of Foreign Affairs: Reconciliaiion Fund provided funding for Ihe Towards Social Healing projeci by supporting face io face engagement. (herapy sessions and evaluaiion costs. Departmeni of Foreign Affairs and Trade: Reconciliaiion Fund provided funding for Ihe Building Capaciiy 10 Transform Division Projeci by supporiing programme cosis, evaluaiion cosis and salary cosis for Programme Managers. The David Tyler Trusi provided funding for the programme costs associaied wilh brin8ing for groups to Ihe Ballycastle learning summil to lake pari in inier¢uliural and peace building evenis. Due io COVID Ihe progiamme order has been changed and will be delivered in 202.1_24 Langdale Trusi provided suppori for Ihe Togeiher We Shelter projeci 10 enable marginalised groups 10 aiiend residentials ai Ihe Bally¢asile Cenire. Beatrice Hankey Foundation Ltd provided support for Iraining and developmenl of volunleers and to financial suppori io hosi residenlial 8roups who have experienced Irauma lo seek ways lo explore and inlegrale personal healing. The National Lotlery Herilage Fund {HLFI provided funding for Our Places, Our Pasls, Our Perspectives projeci by supporiing capital costs, activity cosls and delivery cosls. This is parl of a l yeat parlnershjp project. Deparlmenl of Foreign Affairs; Reconcilialion Fund PTovided funding for the Sustairjing Hope projeci by PToviding funding 10 5upporl salary COSts* project aclivities, Iraining and digital equipment. Educalion Authority Youth Service- COVID 19 Residential Outdoor Educalion Cen(re5 Relief Fund 2020-21 provided support for staff salaries inescapable running costs. Deparlmenl of Foreign Affairs. Reconcilialion Fund provided suppor( for the Our Places, Our Pasts, Our Perspectives projecl by supporting salary costs. overheads. resideniial siays, ouireach evenis, evaluaiion costs and Iravel and sub5islen¢e, for year 2 of Ihe programme. Ardbarron Trusi provided funding 10 suppori the "Sustaining Hope" to work wilh ICM) youth and communiiy workers by supporting 12 retreats for refleciive praclice. healing. relaxalion and restoralion by supporting facililalion, venue hire and food and refreshmeni cos(s. VSB Foundaiion Pilgrim Trusi was provided for Ihe pro8ramme Voice of Migrant Women to support the work taking place in Magherafell wilh Ihe group compromising of local women and 25 families who have had direct experience of war. and forcibly displaced from Iheir homeland in Syria.
The Corrymeela Community (a company Ilmited by guarantee) 16 Restricted income funds (continued) Nl Communily Relations Council Culiural Diversity Fund provided a grani for the Faith in Each Oiher - Inler-Faiih Family Gath¢rings proje¢l (o support programme and activily costs. Deparlmenl Df Foreign Affairs and Trade: ROncIliatIon Fund Straiegic Parinership Scheme provided funding 10 support programme c051s. evaluaiion cosis. salary costs for Programme Managers and an apportionmenl of organisational core costs. D¢parimenl of Foreign Aflairs and Trade. Reconciliaiion Fund provided funding for Ihe Keeping (he Faiih in P¢ac¢ projecl by upp()rlins PTogramme and aciivity cosis and salary costs associaied wilh the project. Cuuseway Coast and Glens Capital Grants Programme provided linancial supporl to upgrade ihe sewage system. ul.sier Garden Villages provided financial support lowards ihe Waste Waler Projecl to Upgrade the sewage system. Th¥. Kaihl¢L'n & Ray Dav¢y Fund ha5 been e51ablished from the legacy from Iheir eslale and gifis in memory of our fOU]er. Thi5 fund is Iu £155isi Corrym¢ela ffl¢Inbers, slllrr, inlerns and volunlcers io muke a pusiiive impaci on peace building locally and iniLrnationally. li 15 expected ihal 70% of the allnual expendiiure of the fund will IK. direcicd lo those lo and under 10 honour Ray and Kaihleen's commiimeni 10 young people And young adults 10 achieve. A rLsiricted legacy was given iowards the Togeiher WL Shelier projecl to supporl salary and programme costs over 3 years. A furihLr legacy was rLceived 10 suppori r¢$id¢ntial cc)ql4 li)r Sroups ai the cenlTe. 17 Contingent liabilities ThL' Department of EduLation for Northern Ireland (£85,Q(X)), IniLrnalional Fund for Ireland1£2,170.134), Communiiy Relaiions Cnuncil (£IOI,11.3) have all created a charge in connection wiih IhL Tefuibishment of Ihe Corrymeela Cenlre. Also a further charge has bL'en crealed on Ihe securily of Ihe DifeciDrs House tn ure Klble further advances up lo a limit of £ I S,C(M) from Uls(er Bank Lid. The DIlor5 do not expeel any repaymenl of ihese charges. 18 Analysis of net assets between funds Unrestricted funds Re5tritted funds Total funds Fund balances at 31 March 2023 are rnpresenled by: Tangible fixed a55elS Inveslmenls 4.081.63. 195,745 4,081,63.1 195,745 1,818,899 6,316,277 Nel currenl assels ,34.1,128 5020,506 495,771 495,771 Total net assets Unre5tri¢ted Funds Restricted Fund5 Totsl runds Fund balances at 31 Mar¢h 2022 are rePsented by: Tangibl¢ fixed assets Investments 3.864,806 420.118 1,550,386 5,835JlO 3.864.806 420,118 2.018,157 Nei currenl assels 487.771 Tolal net 455ets 487,771 6J23,081
141 0 t*. LIU
The Corrymeela Community (a company Ilmlted by guarantee) 20 Liability of members The C(}ymeela CoInmuniiy is a company limiied by guaraniee. The lialx'liiy of each member 15 limited lo an amoun( nol exceedin8 £10. 21 Cash generated from operations 2023 2022 N¥'l movement in funds for the year Adjustments for: DLpreciaiion Loss on disposal of fixed assets Invesimeni income (6,804) 185,768 123,292 576 128.654 6.1 (26,619) 24,746 (9,440) (27,9041 (lncreasel in fair valu¢ ()r shur¢s Movements in working eapital: Ilncreas¢VDecrease in debtors IncreasellDecrease> in creditors Net cash generated fronQlused in) operating activities (29ffj71) 48,432 133,952 (19,869) 21,452 278.724