CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH MAY 2023 { A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1018505 CHARITY REGISTRATION NUMBER NIC 102869 O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH MAY 2023 CONTENTS Page Members and Professional Advisors Trustees Annual Report (including 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 STREET COMMUNITY ENTERPRISES PROJECT LIMITED FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 28TH MAY 2023 OFFICERS AND OTHER INFORMATION Directors, Jane Burns Andrew Donnelly Moya Hinds Michael Graham (Appointed 3rd July 2023) 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, BT119AB Solicitors Delaney & Co. Solicitors 54 AndersonstoNvn Road Belfast BTI19AN Bankers Danske Bank Business Banking PO Box 183 Donegall Square West Belfast BTI 6JS Company Registration Number NI 018505 Charity Commission Northern Ireland NIC 102869 Charity Registration Number Page I
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH MAY 2023 REPORT OF THE DIRECTORS The directors present their report together with the audited financial statements for the year ended 28th May 2023. INCORPORATION The company was incorporated on the 28th May 1985. PRINCIPAL ACTIVITIES AND BUSINESS REVIEW The charity manages the day to day administration of the The Conway Mill Complex. It employs the staff required to do this and helps maintain the buildings and grounds. This charity organises numerous events that take place in The Conway Mill Complex on an annual basis. The directors consider the perforniance of the company during the period and its position at the year end to be satisfactory. RESULTS The deficit of the company for the year ended 28th May 2023 was £104 (2022: Surplus £51,898) and was all attributed to the principal activity. INDEPENDENT EXAMINER The independent examiner's, O'Hara Shearer have expressed their willingness to continue in office and a resolution, will be proposed at the Annual General Meeting in accordance with Section 485 of the Companies Act 2006. SMALL COMPANY EXEMPTIONS This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. BY ORDER OF THE BOARD JANE BURNS DIRECTOR DATE: 16th January 2024 Page 2
Conway Street Community I I: N, Enterprise Project Ltd. Trustees, Annual Report From 29th May 2022 to 28th May 2023 li Charity no. 102869 Company no. 18505 Date registered. 04105/2018 Back round The Conway Street Community Enterprise Project Ltd. was formally registered as a not-for-profit organisation, limited by guarantee in 1985. The founding members, main objectives were the promotion, support and facilitation of small indigenous economic enterprises, and the development of adult education facilities. The Mill became an 'incubatorf for a whole range of new and innovative enterprises and projects. It provided the space, time and support for economic, cultural and community initiatives to be though through and established. In 1999 the CSCEP oversaw the establishment of Conway Mill Preseniation Trust Ltd. Tasked with the preservation, protection and restoration of Conway Mill for the benefit of the inhabitants of Belfast and of West Belfast in particular. The Trust successfully achieved the funding required to restore this historical building. An extensive renovation of the two main blocks was completed in 2011. Conway Street Community Enterprise Project Ltd is the body responsible for the maintenance and management of the entire complex. The company is currently governed by 4 Directors. A management committee of 8 individuals drawn from tenants and interested persons who meet quarterly or as needed. This cohort provides a valuable service to the management structure and ensures community input and good communication structures. A news bulletin is circulated to all tenants to keep them informed of upcotning events, training opportunities, housekeeping etc. CSCEPL currently employs l Full-time and 4 Part-time staff. The complex is monitored by CCTV and Security Personnel on-site and out of office hours CCTV monitor use is 2417 at all times. Our Insurance is always up-to-date as well as licences granting permission for wedding ceremonies to be conducted here in the Mill as well as an entertainments license.
CSCEP Charitable ob'ectives are-. The Charity's objects ("Objects") are to benefit the inhabitants of the North of Ireland I the area of benefit I, with particular recognition of the West Belfast community, Wlthout distinction of Eender, sexual orientation, age, disability, race, ethnicity, or political, religious or other opinion A statement of the main ur oses as defined b the charit commission are-. O Advance community development O Promote urban regeneration in an area of social and economic deprivation The Charity's objects ("Objects") are to benefit the inhabitants of the North of Ireland (the area of benefit"), with particular recognition of the West Belfast community, Without distinction of gender, sexual orientation, age, disability, race, ethnicity, or political, religious or other opinion and in particular to: {ii Advance community development by: lal Trading: {b) Amenities for community, voluntary and charitable groups. Ic) Educationnraining {d) Social inclusivity, equality and diversity. Promote urban regeneration in an area of social and economic deprivation by all or any of the following means: {2) {a) the creation of training and employment opportunities by the provision of workspace, buildings and/or land for use on favourable terms; (b) the promotion and support of social enterprise, social economic development and sustainable means of achieving economic growth and regeneration. (cl the relief of unemployment in such ways as may be thought fit. {d) the promotion of education, training and retraining and providing unemployed people with work experience. 131 The advancement of heritage and culture by preserving, restoring, maintaining and improving, for the benefit of the public, the Conway Mill Complex, a building of historical, architectural and industrial merit and to stimulate and educate the public interest therein. Who do we help O Tenants O Voluntary and community groups O Unemployed and low wage O Students
O Ethnic minorities O Specific areas of deprivation O Artists How do we do this? O Urban regeneration O Promoting Entrepreneurship O Training & Education O Community Cohesion O Cultural, Arts, Leisure and Entertainment HOW DO THESE ACTIVITIES PROVIDE A BENEFIV Urban Re eneration= The Provision of units or other spaces has been provided for Community and Voluntary organisations who have little or no funding and would otherwise have no presence locally have been supported during this reporting period. i.e.: _Tar Anall, CEC, AMPS, SIPS and the John Bosco ABC Boxing club Promotion of Entre reneurshi We support and help to development new initiatives to promote and support entrepreneurs locally. Uni ue Weddin Venue We have both Entertainment and Marriages Licenses in place which will increase footfall to the Mill generating employment and income. Mill Museum Sho We are currently working with NINC receiving advice on the preservation of materials and artefacts belonging to the Mill and which we plan to exhibit in the Mill complex /Museum as part of a local history tour promoting the Mill, Museum and shop as a must see tourist attraction All artefacts, historical documents, linen samples and machinery will all be exhibited as well As our resident artists, work / products some created with a Mill theme and for sale. Trainin Education Conway Street Community Enterprise Project Limited continue to facilitate Community information sessions, Seminars; Job fairs, Debates; Plays- Exhibitions; Installations as well as fundraisers and festival events. We facilitated local and international students of architecture, engineering, history and international studies via tours of the complex.
Communit Cohesion Conway Street Community Enterprise Project facilitates the building of better relationships across cultural, faith, ethnic and other divides; through Community information sessions, seminars; job fairs, debates; plays; exhibitions; installations as well as fundraisers and festival events. Examples of these include: _ Hostin of Job Fairs in the Atrium by Job Assist, JBOS local offices and an array of business from across the city promoting training and employment opportunities for local youths. Féile International Food Fares were hosted in the Atrium in March as part of Féile an Earraigh and again in August as part of the main Féile an Phobail events rian Refu ee summer scheme managed and delivered by Conway Education Centre held their end of programme celebration in the Atrium Cultural Arts Leisure and Entertainment The Mill currently has 24 Artists occupying 20 units within the Mill. Local schools, theatre companies, local artists, heritage bodies and museums have all been provided with space for exhibition, performance, workshops, film, documentary and outreach that attracted visitors to the Mill from across the city and beyond. Film, documentary, drama and bands making music videos have all benefited from access to some of the unique spaces within the Mill complex Private benefit.. There is no private benefit. DECLARATION The trustees declare that they have approved the trustees, report above. Signed on behalf of the charitvs trustees Signature
Full Name(s} Andrew Donnelly Position BOD Member DATE 211212024
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH MAY 2023 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 28th May 2023. 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 SLdard 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 inforniation 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 inforniation. By order of the board: JANE BURNS DIRECTOR MOYA HINDS DIRECTOR ANDREW D DIRECTOR NELLY DATE 16th Janua 2024 Page 7
CONWAY STREET COMMUNITY ENfERPRISES PROJECT LIMITED FIP4AIYCIAL STATEI¥IENTS FOR THE YEAR ENDED 28TH MAY 2023 Independen¢ Examiner's Report to the Trustees of Conway Street Community Enterprises Project Limited report to the trustecs on my examination of the financial statements of Conwav Mill Preservation Trust Limited for the year ended 28th May 2023. Respon5ibilitie$ and basis of report As the trustees of the charity (and also its dircctors for the purSeS of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audiicd under Part 16 of the Cotnpanies Act 2006 and are eligible for independent examinaiion. It is mv resw>nsibility to: examine the accounts under section 65 of th¢ Charities Act (Northcrn Ireland) 2008; follow the predureS laid down in the general Directions given by the Charity Commission for Northem Ireland under section 65(9Kb) of the Charities ACL and stale wheiher particular matters have comc to my attention. Basis of independent examiner's report I have examined your charity accounts as required under scction 65 of the Charities Act and my examination was carried out in ac¢ordan¢e with the general Directions given by the Charity Commission for Northem Ireland under section 65(9){b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts prcsented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and sccking explanations from you as charity trustees concerning any such rnatte. I have completed my examination. I confimi that no Tnattcrs have come to my attenlion in connection with the examination giving me cause lo believe that in any matcrial rcsPCCt- l. That accounting records ivere not kept in accordance with scction 386 of the Companies Acl 2006 ' or 2. That the financial statetnents do not accord with those accounting records ' or 3. That the finanuial swetnents do ttot Cotnply with thc accounting requirements of seclion 396 of the Companies Act 2(106 other than any requirctncnt that thc financial statements give a true and fair view which is not a matter ¢onsidered as part of an indcpendctkt cxamination- or 4. the financial slaletnenls havc ttot IKen prcparcd in accordance with the meth(xls and principles of the Statement of Recommended Practicc for accounting and reFM)rting by charities applicable to charitics preparing their accounts in accordance with thc Financial RertIng Standard applicable in the UK and Republic ol Ireland (FRS 102) Independent examiner's statement I have cotnplcted my cxatnination and have rK) concems in respect of the matiers (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northem Irelan& I have found no ma that require d wing to your attention. LAWRENCE SHEARER F.C.A., Senior Statutory Auditor FOR AND ON BEHALF OF O'HARA SHEAREK Statutory Auditor O'HAIi4 SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 Falls Road Belfast BTI 19AB Dated: 16th January 2024 Page 8
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH MAY 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 perfomiance conditions attached to the item(s) of income have been met, 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 publication& 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 STREET COMMUNITY ENTERPRISES PROJECT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH MAY 2023 STATEMENf OF ACCOUNTING POLICIES Conlinued Depreciation Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives at the following rates: Fixtures and Fittings 20/0 Straight Line Repairs and Renewals All repairs and renewals are written off as incurred Pension Costs The charity does not cUentlY 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
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED FINANcL STATEMENTS FOR THE YEAR ENDED 28TH MAY 2023 STATEMEIYT OF ACCOUNTING POLICIES Continued Fund Accounting Unrestricted funds are general funds that are available for use at the Trustees, di%retion 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 funders dendS 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 grantldonation must only be used in future accounting periods. or the donor has imposed conditions which must be met before the charity has unconditional entitlement. Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions is recognised as earned as the related goodslservices are provided. Grant income included in this category provides funding to support perfomiance activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income is deferred when: feeslperformance related grants are received in advance of the perforniance/event 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. Page 11
CONII'.4I' STREET COIIIII:Ni In ENTERPRISES PROJECT LlIlIlTED STATEIIEI%4T OF FIINANCIAL .4CTI%-ITIF.S or#tin the income and ey FOR THE I'E.4R EIDED 28TH IIAI" 2023 incor nditure aeeount [Inrtstrict¢d Restrieted Endownment TOTAL FUd$ Funds Funds 2023 TOTAL 2022 NOTES INCOME AND ENDOW'NIEDirS FRONL I: Donations and legacies Income from invcstrnents Income from charitable activities income from other trading activities 97.061 97.061 135,226 TOTAL IINcolE AND ENDOII'NINIENTS 97,061 97,061 135,226 EXPENDITIIRE ON: Expenditure on raising fijnds Expenditure on charitable activities Other ¢xpenditure Net gainslllosses) on investments 97,165 97,165 83,328 TOTAL RESOURCES EXPENDED 97.165 97.165 83.328 LYET INCOlE1{ExPENDITllRE) (104) (104) 51,898 Transfers betw¢cn ndS NET IWIOVEMEiYf IN FUNDS (104) {104) 51.898 RECONCILIATION OF FUNDS TOTAL FUNDS BROIIGHT FORWARD 197,548 197,548 145.650 TOTAL FI,'NDS CARRIED FORIVARD 197.444 197.444 197,548 The Statement of FiTrancial Activities includes all gxins and losses iD the year and thefore a Sialement of Total Rteogllised GaiDS and Losses has not bee prepartd All ofthe above xmounts relate to ContinIng activities The accompanying atcoutttillg pDliciE% illd th¢ llote5 forn part of ihtse fmaDci¥l ststeTheDts Page 12
COINWAY STREET COMMUNITY ENTERPIUSES PROJECT LIMITED BALANCE SHEET AS AT 28TH MAY 2023 2023 2022 NOTES FIXED ASSETS Tangible assets 111,277 113,749 CURRENT ASSETS Debtors and prepayments Cash at bank Cash on deposit Cash in hand 10 93,833 89,042 457 93,954 89,499 Creditors: amounts falling due within one year (7,787) (5,700) NET CURRENT ASSETS/(LIABILITIES) 86,167 83,799 TOTAL ASSETS LESS CURRENT ASSETSI( LIABILITIES ) 197,444 197,548 Creditors: amounts falling due after more than one year 12 NET ASSETSI(LIABILITIES) 197,444 197,548 FUNDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 13114 197,444 197,548 RESTIUCTED INCOME FUNDS 13115 197,444 197,548 These financial statements were approved by the Trustees on 16th January 2024 and are signed on their behalf by: JANE BURNS DIRECTOR ANDREW DO DIRECTOR NELLY DATE 16th January 2024 DATE 16th January 2024 The accompanying aecounting policies and notes form p4rt of these financial statements Page 13
corqwAY STREET COI¥IMUINITY ENTERPRISES PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE I'EAR ENDED 28TH MAY 2023 I. DONATIONS AND LEGACIES Unrestricted Restrie¢ed Fllnds Funds Unrestricted Restricted Funds Funds 2023 2022 Donation5 Lega¢ies 2. INCOME FROM INVESTMENTS Unrestricted Restricted Fllnds Funds Unrestricted Restricted Funds Funds 2023 2022 Income from UK listed investments Income frotn cash 3. INCOME FROM CHARITABLE AcfiviTIES Unrestricted Restricted FndS Funds Unrestricted Restricted Funds Funds 2023 2022 Rent receivable Conway Mill Preservation Trust Limited HM revenuc & Custotns job retention scheme grdnts HM revenue & Customs slatutory sick pay grants 59.724 37,337 59,724 37,337 57,374 77.660 57,374 77,660 192 192 97,061 97.061 135.226 135,226 4. INCOME FROM OTHER TIL4DING ACTIVITIES Unrestricted Restricted Fthnds Funds Unrestricted Restricted Funds Funds 2023 2022 Fundrnising Page 14
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED NOTES TO THE FIN.4NCIAL STATEMENTS FOR THE I'EAR ENDED 28TH MAY 2023 5. EXPENDITURE ON RAISING FUNDS Unrestricted RestTlCted Funds Funds Unrestricted Restricted Fund5 Funds 2023 2022 Promotional and fijndraising costs 6. EXPENDITURE ON CHAIUTABLE AcfiviTIES Unrestricted Restrieted Funds Funds Unre5tri£ted Restricted Funds Funds 2023 2022 Wages and salaries (See Nole 8) Social security costs (See Note 8) Repairs and 0]ce maintenance Administration fees Volunteer costs Adddvertising Staff iravel, wclfare training Printing, wstage and stationery Sundry expenses 78.259 78,259 73,999 73.999 1.195 1.195 1.667 1,667 3,095 390 600 686 2.542 3,095 390 600 686 2.542 1,040 1,040 86,767 86,767 76,706 76,706 Support Costs and Governan¢e costs Light and hcat Telephone and intem¢t Security costs IT costs ManageTnent fees Accountancy fees Other professional fees Subscriptions and lieences Depreciation Loan interest Bank inleresi and charges 125 665 125 665 135 190 135 190 .452 5.395 1.452 5,395 ,536 2.079 1,536 2.079 2,472 2,472 2,472 2,472 289 289 210 210 IOJ98 10,398 6.622 6,622 TOTAL EXPENDITURE ON CHARITABLE ACTIVITIES 97.165 97.165 83,328 83,328 Page 15
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH MAY 2023 7. NET (OUTGOING)I INCOMING RESOURCES FOR THE YEAR This is stated after chargingl(crediting) 2023 2022 Independent examiners remuneration Depreciation 1,452 2,472 1,536 2,472 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 - Employment Allowance 32,490 45,769 32,490 41,509 3,304 878 (4,182) 3,304 878 (4,182) 78,259 73,999 The average monthly number of employees during the year was as follows: 2023 Number 2022 Number No employees had emoluments in excess of £60,000 (2022: £Nil) Trustees, remuneration and benefits Trustees, remuneration or other benefits for the year ended 28th May 2023 was £32,490. (2022: £32,490) This trustee receives remuneration for their responsibility as the centre manager. No remuneration is paid in relation to their trustee position. Trustees, Expenses There were no trustees, expenses paid for the year ended 28th May 2023. (2022.. £Nil) Page 16
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH MAY 2023 9. TANGIBLE FIXED ASSETS Fixtures and Fittings Total COST As at 29th May 2022 123,623 123,623 Additions Disposals As at 28th May 2023 123,623 123,623 DEPRECIATION As at 29th May 2022 9,874 9,874 Charge for year Eliminated on disposal 2,472 2,472 As at 28th May 2023 12,346 12,346 Net book value 2023 111,277 111,277 Net book value 2022 113,749 113,749 Page 17
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH MAY 2023 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Debtors Prepayments 11. CREDITORS: AMOUNTS FALLING DUE wfrHIN ONE YEAR 2023 2022 Social security costs and other taxes Net pay control account Accrued expenses 991 78 6,718 288 147 5,265 7,787 5,700 12. CREDITORS: AMOUNTS FALLING DUE AER ONE YEAR 2023 2022 Accrued expenses 13. MOVEMENT IN FUNDS Opening Net Movement Balance in FuDds 2023 2022 Unrestricted Income Funds General fund 197,548 (104) 197,444 197,548 197,548 (104) 197,444 197,548 Opening Net Movement Balance in Funds 2023 2022 Restricted Income Funds Restricted funds Page 18
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EINDED 28TH MAY 2023 14. UNRESTRICTED INCOME FUNDS 2023 2022 Balance at 29th May 2022 197,548 145,650 Incoming resources for the year Resources expended for the year 97,061 135,226 (97,165) {83,328) Balance at 28th May 2023 197,444 197.548 15. RESTRICTED IIYCOME FUNDS 2023 2022 Balance at 29th May 2022 Incoming resources for the year Resources expended for the year Balance at 28th May 2023 16. LEGAL STATUS Conway Street Community Enterprises Project Limited is a Company Limited by Guarantee. Each member has agreed to contribute £ l in the event of a compulsory winding up. Conway Street Community Enterprises Project Limited is a r¢cognised Charity within the definition of Section 360(3) Income and Corporation Taxes Act 1970 by the Commissioners of the Inland Revenue. Conway Street Community Enterprises Project Limited is a Charity regist¢red with The Charity Commission for Northern Ireland Charity Number 102869. Date of Registration 4th May 2018. Page 19