CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 ( A COMPANY LII¥IITED BY GUARANTEE AND NOT HAVI]YG A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1018505 CHARITY REGISTRATION NUMBER NIC 102869 O'HARA SHEARER CHARTERED ACCOUNTAIYTS AND STATUTORY AUDrfoRS 547 FALLS ROAD BELFAST BTII 9AB
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 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 9-11 Statement of Financial Activities (incorporating the income and expenditure accoun 12 Balance Sheet 13 Notes to the Financial Statements 14-19
CONWAY STREET COMMUINITY ENTERPRISES PROJECT 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 15th August 2024) 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, BTI 19AB Solicitors Delaney & Co. Solicitors 54 Andersonstown Road Belfast BTI 19AN Bankers Danske Bank Business Banking POBOX 183 Donegall Square West Belfast BTI 6JS Company Registration Number N1018505 Charity Commission Northern Ireland NIC 102869 Page I
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 REPORT OF THE DIRECTORS The directors present their report together with the audited financial statements for the period ended 30th November 2024. 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 perfonnance of the company during the period and its position at the period end to be satisfactory. RESULTS The deficit of the company for the period ended 30th November 2024 was £34,712 (2023: Deficit £7,888) and was all attributed to the principal activity. INDEPENDENT EXAMINER The independent examiner's, O'Hara Shearer have expressed their willingness to continue in oftice 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: 20th August 2025 Page 2
Conway Street Community I Enterprise Project Ltd. Trustees, Annual Report From I" Dec 2023 to 30th Nov 2024 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 Preservation 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 upcoming events, training opportunities, housekeeping etc. CSCEPL currently employs l Full-time and 5 Part-time staff. The complex 15 monitored by ccrv 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 a5 well as an entertainments license.
CSCEP Charitable ob ectives are.. The Charity's objects {"Objects"l are to benefit the inhabitants of the North of Ireland I the area of benefit l. with particular recognition of the West Belfast community, without distinction of gender, 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 I"Objects"} are to benefit the inhabitants of the North of Ireland (the area of benefiV'I, 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: {al Trading- Ibl Amenities for community, voluntary and charitable groups. Ic) Education / Training Id) Social inclusivity, equality and diversity. {21 Promote urban regeneration in an area of social and economic deprivation by all or any of the following means: (al the creation of training and employment opportunities by the provision of workspace, buildings and/or land for use on favourable terms," Ibl the promotion and support of social enterprise, social economic development and sustainable means of achieving economic growth and regeneration; Ic) 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 communitygroups 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 members of the NIMC and work with NIMC receiving advice on the preservation of materials and artefacts in the Mill and which we 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 are 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 frdirs, Debates; Plays; Exhibitions; Installations as well as fundraisers and festrval 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 chariws trustees Signature Full Name{s)
Andrew Donnelly Position BOD Member DATE 7181202S
CONWAY STREET CoMrUNrry ENTERPRISES PROJECT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 TRUSTEES, ANNUAL REPORT STATEMENT OF TRUSTEES, RESPONSIBtLITIES 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 Confim that they comply with the requirements of the Charities Act (Northern Ireland) 2008 and Accountino 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 infomiation 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 information and to establish that the independent examiner is aware of that infom]ation. By order of the board: JANE BURNS DIRECTOR ANDREW DONNELLY DIRECTOR DATE 20th Au ust 2025 Page 7
COP4WAY STREET COMMUNITY ENTERPRISES PROJEcf LIMITED FINANCIAL STATEfvIENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 Imdependent Examiner's Report to the Trustees of Conway Street Community Enteryri5e5 Project Limited I report to the tn]stees on mv examinaiion of ihe financial statements of Conway Srre¢l Community Entery>rises Project Limited for Ihe year ended 30ih November 2024. Responsibilities and basis of report As the Iruslees of thc charity {and also its directo for the purposes of cotnpany law) you are sponsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satistied myself thai the financial slatetneTrts of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for indendent exatnination. It is my reswnsibility to- examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008. follow the procedures laid down in the gen¢rn] Directions given by the Charitv Commission for Northern Ireland under seclion 65{9)(b) of the Charities Act. and slate whcther particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charitie5 Acl and my examination was carried out in accordancc with the general Directions given by the Charity Commission for Northern Ireland under se¢iion 65{91{bl of thc Charities Act. The examination included a review of the accounting records kept by the charity and a cotnparison of the accounts presented with those records. It also includes considerntion of any unusual items or disclosurcs in the accounts. and seeking explanations frotn you &s charitv trustees concerning any such matters. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving tne causc to klieve that in any material respect: l. That accounting records werc not kept in accordance with section 386 of the Companies Act 2006 ' or 2. That the tinancial statements do not accord with those accounting records - or 3. Thai the financial statcments do not comply with the accounling requirctncnts of section 396 of the Companies ALt 2006 other than any requirement that the financial staiemcnts givc a true and fair view whi¢h is not a matter considered as part of an independent examination. or 4. the finaneial statements have not been prepared in accordance with the mcthods and prtnciples of the Siaiement of Recotnmended Practice for accounting and reporting by charitics applicable to charities preparing their accounts in accordance with the Financial Rep)rting Sthndard applicable in the UK and Republic of Ireland (FRS 102) Independent txaminer's st4tement I have eoTnpleted my e.xamination and have concerns in rcspcct of the matters (l ) to (4) listed alx)ve in Connection with following the Directions of the Charity Cotnmission for Northern Ireland. I have found tK) matt rs th require wing to your attention. LAWRENCE SHEARER F.C.A., Senior Statutory Auditor FOR AND ON BEHALF OF O'FL4RA SHEAREIL Stskntory Auditor O'HARA SHEARER CHARTERED ACCOUP4TAIYTS AND STATUTORY AUDITORS 547 Falls Road Belfasi BTI 19AB Dated: 20th August 2025 Page 8
CONWAY STREET COMTrtUNITY ENTERPRISES PROJECT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 STATEMEiYf 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 ihe 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 perfonnance 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 nom]ally 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 STREET COMMUNITY EWtERPRISES PROJECT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 STATEMENT OF ACCOUNTING POLICIES Continued Depreciation Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives at the following rates: Fixtures and Fittings 2 % Straight Line Repairs and Renewals All repairs and renewals are written off as incurred Pension Costs The charity does not currently operate a pension scheme. Debtors and Prepayments Trade debtors and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Foreign Currencies Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net movement in funds. Page 10
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 STATEMENT OF ACCOUNTING POLICIES ConÉinued Fund Accounting Unrestricted funds are general funds that are available for use at the Trustees, discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside by tlie 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 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 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 perfomiance conditions is recognised as earned as the related goodslservices are provided. Grant income included in this category provides funding to support perforniance activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income is deferred when: fees/perforniance related grants are received in advance of the perforn)ance/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 project¢d income. Pagell
COINII'.41' STREET COI%l.Ill'NITI ENTERPRISES PROJECT LlIlllTED ST.ITE%IENI T OF FINANCI.4L.lI1'lTIE oratin the income and ex FOR THF. I'F..4R ENDED JOTH NOI"EIIBER 2024 incor diture account 16 lOnths) TOT.4L 2U23 [Inre5tricted Restricted Endoivnment TOTAL Funds Funds uThds 21124 NOTES INCOfvIE AND ENDOWNITrlEiYfs FRO1. Donations and legacies In¢otn¢ from investments Incorne froTll charitable activities Income from other trading aciivities 60.871 60.871 46,935 TOTAL INCOME AND ENDOWNfvIEf4TS 60,871 60,871 46,935 E,XPEYI DITURE ON: Expenditure on raising firnds ExpenditUTe on charitable activilies Otlier expenditure N¢t gaindllosses) on investmenis 95,583 95.583 54,823 TOTAL RESOURCES EXPENDED 95.583 95,583 54.823 NET INCO.lE/{E¥PENDlTllRE) (34.712) 134,7121 {7,888) Transfers between funds NET IVIOTlENT IN FIINDS {34.7121 {34,712) (7,888) RECONCILIATJON OF FUNDS TOTAL FIINDS BROUGHT FORWARD 189.556 189.556 197.444 TOTAL FIINDS CARRIED FORWARD I.844 li4J44 189,3i6 The Statement of FiNancig1.4ctiYities includes all g2ins and losses in the year and therefore Statement of Total Recognised Gains #nd L4bsses' hAS tiot been prepared All of tbe above amounts rtlate to tOtinlg aetivitie5 Tbe accoPanY1g a¢co•DiiDg pfyliuts atsd ihe ttotts form part of th fillxnciil statements Page 12
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED BALANCE SHEET AS AT 30TH NOVEMBER 2024 {6 Months) 2023 2024 NOTES FIXED ASSETS Tangible assets 107,569 110,041 CURRENT ASSETS Debtors and prepayments Cash at bank Cash on deposit Cash in hand 10 56,818 87,572 109 56,927 87,575 Creditors: amounts falling due within one year (9,652) (8,060) NET CURRENT ASSETSI(LIABILITIES) 47,275 79,515 TOTAL ASSETS LESS CURRENT ASSETSI( LIABILITIES ) 154,844 189,556 Creditors: amounts falling due after more than one year 12 NET ASSETSI(LIABILITIES} 154,844 189,556 FUNDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 13114 154,844 189,556 RESTIUCTED INCOME FUNDS 13115 154,844 189,556 These financial statements were approved by the Trustees on 20th August 2025 and are signed on their behalf by". JANE BURNS DIRECTOR ANDREW DONNELLY DIRECTOR DATE 20th August 2025 DATE 20th August 2025 The accompanying accounting policies and notes form part ofihese financial statements Page 13
CONM'.II' STREF.T COIINII'NITI ENTERPRISES PROJECT LIfvIITED NOTES TO THE FIN'.4NCI..IL ST.ITENIESTS FOR THE I E.4R ENDED 30TII NOTr'ENIBER 2024 I. DONATIOYI S AN5 D LEGACIES l-'Threstricted Restricted Funds Funds Unrestrieted Restricted 16 IWloThths) FndS Funds 2023 2024 Donations Legacies 2. INCOI¥IE FROM INVESTTrIENTS Unrestricted Restricted Funds Funds Unrestricted Restricted 16 lonthS) Funds Funds 2023 2024 In¢omc from UK listed inyestrnents Income from cash 3. IP4COME FROINI CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds Unrestricted Re$tri¢ted (6 [OnthS) Funds Funds 2023 2024 Rent reiv2b[e Conway Mill Preservation Trust Limited The Arts Council of Northcrn Ircland Room hir¢ i2.871 7,750 52,871 7,7iO 38.935 1.500 3.000 3.500 5,000 3.000 250 2iO 60.871 60.871 4i.4i) 3.500 46,935 4. tNCOfvIE FROfvI OTHER TRADtNG ACTTr'ITIES [Inre5tricted Restrieted FndS Fllnds [Inrestricted Restricted (6 Iklonths) Funds Funds 2023 2024 Fundraising Page 14
CONW.4i s"fREET COIINII NITI. E*iTERPRISES PROJECT LINIITED NOTES TO THE FIN.ISC.I.IL ST.ITEIIEITS FOR THE I EAR E)DED 30TH NOI'E.NIBER 2024 5. E.XPEINDITI,'RE ON IL4ISING FLTrIDS Unrestricted Restricted Funds Funds Ilnrestricted Restricted {6 Months) Funds Funds 2023 2024 Promotional and fundraising costs 6. E.XPENDITURE ON CHARITABLE AcfiTr'ITIES [Inrutricted Restricted Funds Funds Linrestricted Restricted (6 fvlonthsl Funds Funds 2023 21124 Wages and salaries {See Nole 8) Social security costs (See Note 8) Repairs and office maintenan Management fees Volunteer Costs Advert15ing and sponsorship Event and CUlra[ costs Staff travel, welfare and training Printin& p05tag¢ and slationery Sundry ¢xpenses 86.970 86.970 42,4) I 42,431 455 455 640 2.883 1.690 708 640 1.885 801 1,885 801 ,690 708 3.500 3,500 90.111 48J52 3.500 51,852 Support Costs and G•vern#nte ¢0sts Light and heat Telephone and internet Security Costs IT c05t5 Management fees Accouniancy fees Other professional fcc5 SubsLriPtions and licences Dcpr¢ciation Loan interest Bank interest and ¢harge5 240 240 40 40 1.656 720 115 2.472 1,656 720 I li 2.472 1,548 13 1,548 13 269 269 134 134 5,472 5,472 2,971 2,971 TOTAL EXPENDITLIRE ON CIL4IUTABLE ACTIVITIES 95J83 95J83 51J23 3.500 54.823 Page 15
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 (6 Months) 2023 7. NET (OUTGOING)I INCOMING RESOURCES FOR THE YEAR This is stated after charging/{crediting) 2024 Independent examiners remuneration Depreciation 1,656 2.472 1,548 1,236 (6 Months) 2023 8. SALARY COSTS AND EMoLUME[S 2024 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 - Etnploytnent Allowance 32,490 54.480 16,245 26,186 3,228 2,145 (5,373) 1,614 760 (2,374) 86,970 42,431 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, remuneration and benefits Trustees, remuneration or other benefits for the period ended 30th November 2024 was £32,490. (2023: £16,245) 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 period ended 30th November 2024. (2023: £Nil) Page 16
CONWAY STREET COMMUINITY ENTERPRISES PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 9. TANGIBLE FIXED ASSETS Fixtures and Fittings Total COST As at I st December 2023 123,623 123,623 Additions Disposals As at 30th November 2024 123,623 123,623 DEPRECIATION As at I st December 2023 13,582 13,582 Charge for year Eliminated on disposal 2,472 2,472 As at 30th November 2024 16,054 16,054 Net book value 2024 107,569 107,569 Net book value 2023 110,041 110,041 Page 17
CONWAY STREET COMMUNITY ENTERPRISES PROJECT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER2024 (6 Months) 2023 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 Debtors Prepayments (6 Months) 2023 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 Social security costs and other taxes Net pay control account Accrued expenses 928 38 8,686 1,002 28 7,030 9,652 8.060 (6 Months) 2023 12. CREDITORS: AMOUNTS FALLING DUE AFfER ONE YEAR 2024 Accrued expenses 13. MOVEMENT IN FUNDS Opening Net Movement Balance in Funds (6 Months) 2023 2024 Unrestricted Income Funds General fund 189.556 (34,712) 154,844 189,556 189,556 (34,712) 154,844 189,556 Opening Net Movement Balanee in Funds (6 Months) 2023 2024 Restricted Income Funds Restricted funds Page 18
CONWAY STREET COMMUNITY EiYfERPRISES PROJEcf LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2024 (6 Months) 2023 14. UNRESTRICTED INCOME FUNDS 2024 Balance at 1st December 2023 189,556 197,444 Incoming resources for the year Resources expended for the year 60,871 (95,583) 43,435 (51,323) Balance at 30th November 2024 154,844 189,556 (6 Months) 2023 15. RESTRICTED INCOME FUNDS 2024 Balance at I st December 2023 Incoming resources for the year Resources expended for the year 3,500 (3,500) Balance at 30th November 2024 16. LEGAL STATUS Conway Street Community Enterprises Project Limited is a Company Limited by Guarantee. Each member has agreed to contribute £1 in the event of a compulsory winding up. Conway Street Community Enterprises Project Limited is a recognised Charity within the definition of Section 360(3) Income and Corporation Taxes Act 1970 by the Commissioners ofthe Inland Revenue. Conway Street Community Enterprises Project Limited is a Charity registered with The Charity Commission for Northern Ireland Charity Number 102869. Date of Registration 4th May 2018. Page 19