Charity registration number NIC1Q3106 INorthem Ireland) Company registration number N1040909 THE OLD LIBRARYTRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE OLD LIBRARY TRUST CONTENTS Page Legal and administrative information Trustees, report 2-11 Independent auditor's report 12-15 Statement of financial aclivilies 16-17 Balan sheet 18 Stalement of cash flows 19 Notes to the financial statements 20-31
THE OLD LIBRARY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Damien Harkin (Chairperson) Mr Charlie O'Donnell (Chairperson) resigned 12 November 2025 Mr Karol Mccauley (Treasurer) M5 Anna-claire Murray Mr Sean Doherty Ms Martine Mulhern Mr Maurice O'Donnell Secretary Ms Marline Mulhern Project Director George McGowan Charity number (Northern Ireland} NIC103106 Company number N1040909 Registered office The Old Library Trust The Old Library Building Central Drive Derry BT48 9QG Auditor Moore (Nl) LLP 21-23 Clarendon Street Derry-Londonderry BT48 7EP Bankers Bank of Ireland 27 Culmore Road DerrylLondonderry BT48 8JB AIB Bank Meadowbank Derry-Londonderry BT48 7TN Solicitors Quigley, Grant & Kyle 10 Queen Street Derry Co. Derry BT48 7EG
THE OLD LIBRARY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set OLrt in nole 1 to Ihe financial statemenls and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" {effective 1 January 2019}. Objectivès and activities vision We exist to address the Social and health needs of the most disadvantaged by engaging residents in community development processes, aimed at reducing inequalities in health by iackling the root causes. We support the people who use our services, many ofwhom are amongst the most vulnerable in our society, to live healthy happier lives. Mission Overcoming inequalities in health and improving the health and wellbeing of people living in poverty and disadvantage. Goals Supporting people to develop Ihe confidence to aspire and achieve new life setting goals transforming their lives and Greating happier, healthier lives. Social Justice The Old Library Trust is guided by a concern for social justice and works to create a society in which every individual is valued and recognised as a fully dignified human being. The aims ofthe OLT are to.. 1) Overcome the inequalities in health by iackling ihe root causes of ill health- improving service delivery and access lo services for people living in poverty and disadvantage and to support people to develop the confidence to aspire and achieve new life setting goals transforming their lives and crealing happier, healthier lives., and 2) Maintain the Healthy Living Centre engaging in partnership with local residents and community groups in Creggan and to work with others in the voluntary, slatutory and private sectors to develop programmes and service5 promoting ihe healthy development and growth of all people living in the community. The ob-ectives of the OLT are.. 11 Sustain the Heallhy Living Centre for the delivery of services and programmes addressing the social and health need5 of residents al the neighbourhood level 2) Provide a sustainable, community-led process to inform and deliver appropriate programmes and Servi5. 3) Develop working partnerships with others in the community. voluntary and public sectors to facilitate accessible service delivery. 4) Set up slructures to develop, monitor and evaluate strategies, programmes and services promoting lifestyle changing in Ihe health and social wellbeing and early yearfs development of local people. 5} Provide documented evidence of Ihe effectiveness of the new model for community health service delivery.
THE OLD LIBRARY TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Health Livin Centre The HLC is a model of good practice for the delivery of community-based social and health care seNices and programmes engaging people in community development processes aimèd at reducing the inequalities in health by tackling the root causes of ill health. The project is designed to improve community health, address local needs, build confidence and develop knowledge and skills supporting people to take greater responsibility for their own health and wellbeing. The HLC provides access to primary care services al the neighbourhood level by working in partnership with service providers in Ihe communily. voluntary and statutory sectors. Human Resources Staff and directors are viewed as valuable a$5ets of the organisation and receive training and support lo maintain and enhance their skills and motivation. All staff have personal development aims and objectives written into their work plans with a minimum of three training and educational courses required to fulfil their job roles on an annual basis. All staff meet OLT minimum standard training requirements in areas such as safeguarding children and child protection, safeguarding adults and vulnerable adult's proleclion. First aid at work, AED Training, mental health first aid & trauma informed practice. Individual 6 month reviews carried out by senior management & the Project director will investigate further issues associated with training and support. Partnershi The ethos of strategic partnership underpins the OLTS working arrangements and emphasises the collective responsibility of all in tackling health inequalities by meeting the health and wellbeing needs of residents in Ihe Triax area of benefit. Public benefit ststement of compliance with Charity Commission guidance The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance Significant activities and achievements against objectives Ke achievements of delive for 2024125: Pro ramme and service activi Strategic Priority 1: Healthy Lifestyles Exercise, wellbeing & nutritional Support: A weekly community exercise timetable of a wide variety of exercise classes seen over 130 local people attend over the course of the year for one of more of the classes on offer that included Boxercise, circuit, yoga and gym. Our men5 & ladies health programmes conlinued to gather momentum with 82 local people attend on a weekly basis for session specific sessions such as netball, 5 aside football, gym, and circuit training with a new addition of self defence classes ft)r ladies giving the increased incidents of violence againsl women and girls over the year. Nutritional support to local families continued with our partnership with the Healthy Living Centre Alliance and SafeFood lo ensuring over 220 adult parents Igrandparents and significant others received important messages, techniques, and tips around good food & nutrition. This year's Community Food initiative has seen the return of the ever-popular masterclass series with this year Notorious Street food alongside communily outreach lo partner organisations with over 200 adults. children and young people altending a parenting programme. a great evening at the healthy living center for the maslerclass and a great day at Sean Dolans GAC. New to this year's offering was a celiac focused masterclass with 25 local people engaged.
THE OLD LIBRARY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Communities in Transition: The continued investment in Creggan by The Execulive Office Communities in Transition Project enabled the organisation to further support those residenls living in poor physical and mental health, with a particular focus around addiction and recovery. This support comes in Ihe form of one-off engagement events, one to one specific mentoring and the promotion of volunteering, upskilling and training. Over 350 support hours were delivered in counselling, personal training and skills developmenl to 60 local people from Creggan and the Bogside. As part of the initiative a wide range of community events were also delivered and included.. 12-week ARC recovery work shops Meditation & Sound bathing Glenn Hinds workshops Indoor football Cooking classes Kickboxing - Vljhite belt graded Breath Works Social support café St Joes Extended School Support Community Tri-Rox Event BBHF International Women's Day Youth Workshops & Outdoor Education Human Library Event Listening Ear Training Vaping Workshops These community engagement events seen 1.000+ people attend for information on community services and were supported by 35 of our partner organisations.
THE OLD LIBRARY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Strategic priority 2: Older Adults: Providing weekly physical, social and emotional support for older people and those people living with demenlia. Support included the following.. Older adult's wellbeing: This year seen the 2nd year of funding from National Lottery Community Fund through our Partnership with the Bogside and Brandywell health forum and Ihe roll out of Loving Lrfe living longer project. Our Older adults support package during this period conlinued to engage older residents in health, wellbeing, social and uplifting programmes and services. Examples included- Exercise specific sessions in yoga, chair yoga, line dancing, strength and balance, chi me, open gym and new to the group was pickleball to 170+ residents. Social snooker, older people Olympics and the rusty clubs, tournaments seen 77 local people lake part in sport specific events. Meditation and sound bathing are proving popular again this year with 43 regular attendees. Our Large seasonal events gathered great interest and included the following= Communily bingo evenings at Summer & Halloween with 160 attendees Wild Ireland trip and the summer bus run with 101 residents Christmas dance at the City Hotel with 125 locals Dementia specific work: The DEEDS {Dementia empowered in Derry & Strabane} Project 72 DEEDS members, people living wilh early onset Dementia. were supported with bespoke intervention over this year. This is in Ihe form of a weekly social l aclivity groups located across 6 different sites, both Urban and Rural in the Derry City and Strabane area. Alongside these, 71 Carers I loved ones of those members took part in our Carers education programme to better help support their loved ones. As part of the widér programme of DEEDS. the members also took part in a range of cultural, social and musical events that included the MellowDEEDS international Choir festival - 100 people, MellowDEEDS Christmas Goncert- 68 people, Dementia friendly Christmas Dance 125 people. Plus, the Project really stressed the importance of intergenerational work and delivered a few unique and inspiring projects including 'My perfect Dal to over 200 primary Seven pupils across the city. The DEEDS training and education officer continued to train the first-year paramedic students, the student nurses and a range of community organisations in total 441 people better informed on Dementia.
THE OLD LIBRARY TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 This year also seen a further roll out of the new Pre diagnosis project for dementia in partnership with th8 WHSCT deliVed to 51 people from acmss the city and district. The DEEDS project is also supported by and engages 25 voluntgers. These volunteers arg celebrated with an annual 8vent and Gontinue to prove invaluable to the organisation. Strategic Priority 3: Long-Temi Condition Management: Providing a holistic programme of wellbeing to those living within the community that have one or a combination of long-term conditions. Programmes examples included: Step Forward group sessions.. A twice weekly exercise maintenance programme normally delivered in the Healthy Living Centre with 45 active members taking part in exercise class sessions. GP Exercise Referral.. Supporting 45 local people in person for an intense tailored programme of exercise to suit their individual needs. Conditions supported included diabetes. arthrttis, fibromyalgia. anxiety & depression. Support groups.. Like-minded people with similar ailments come together on a regular basi5 to share experiences and listen to health professionals. who offer advice and sUPPQrt on how to better manage living wilh a long-term condition. 'Chronic Pain Programme, engaged 28 local people. Links to wellbeing initiative developed in partnership with the WHSCT seen a large increase this year with 35 local people on long waiting lists present for full 5UPPOrt and Ihe newly formed Diabetes support group with 22 members attending. Other aGtivities.' Community outreach and social support with over 80 people attending.
THE OLD LIBRARY TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 strategic priority 4: Family support & the Family First Hub The Family First Hub supported 277 individual families this year in crisis at various stages of the year. Families were presenting lo the Hub for several reasons and either availed of existing services or were signposted to relevant Services at that lime. Addttional programme support developed by the OLT and the Hub included holistic therapies, atternative, neuro diverse and child and adole5¢ent with 67 people availing of support. Fresh little minds, a stalwart of support was delivered to 16 local children whilst 41 families availed of a summer of play. Most notable was the single biggest referral this year- Financial support with 119 people impacted by positive support. B*V Pasilpn Significant facto Strategic priority 5: Positive Minds 140 local people attended several positive minds specific courses that incjuded Self-care, Living Life to the Full. mindfulness and relaxalion. Feedback included.. .1 have leamed that I deseNe to be Iovgd by myself and others. I have grown in myself and believe in myseir
THE OLD LIBRARY TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Tenancy acitivity The OLT provides facilities and space for other service programme delivery, and leases space for a range of local service providers in the statutory, community and business sectors. These include the following.. Sureslart Edenballymore continues to lease office space, the Children's Centre, and Social Economy Unit 3 to support their delivery of childcare services in Ihe area working wilh approx. 400-500 families per year. Rosconnor Dental Services terminated their tenanGy in Feb 25 to move to larger premises and a suitable replacement tenarbt is currently being sourced. Hive Cancer Support Group continued to lease in the Social Economy Unit 1, providing support to local people and their families who are experiencing cancer in their lives. The new Creggan Hub began lo become more recognizable, and footfall increased. Rubbers Barbers of Social Economy Unit 2 employing local people and providing a local barbering service Physiotherapy & sports massage operated throughout the year and supported local people with pain, injury and rehabililation. A word ofthanks Critical to all the achievements and developments over the last 12 months, has been the organisational leadership. the commitment and passion displayed by the Board of Directors, the Project Direclor. the programme coordinators, support staff, facilitators and volunteers and everyone involved in the community sector across the area. We would like to thank our funders for trusting in us and everything we do. We will continue lo advocale for and support local people as they journey to a better-quality of life and improved physical, social, mental and emolional wellbeing. Financial review Against the backdrop of limited resources and insecurities over funding, OLT has exercised prudence and has ensured Ihat the core services are sustained and has set out the following plan for the future sustainability of services. Income Generation OLT has significant capacity for income generation through agreement of service level agreements, rental of social economy and primary care units, programme delivery and sessional rental of space. The OLT will mainlain prudence in the management and delivery of programmes and services and will work within the lerms and conditions of each of its funders. All of the charily's funds are lo be spent in the short term as there ha5 been no opportunity since incorporation to accumulate funds for investment. Reserves policy The Board of Directors has examined the charily's requirements for reserves in light of the main risks to the organisation. It has eslablished a policy whereby unrestricted funds not committed or invested in tangible fixed assets held by the charity should beeen 3 and 6 months of core staff costs and fixed overheads. Charitable activities would be significantly scaled back in thi5 scenario until Sufficient funding was obtained to revert to normal leve15 of programrne activities. Based on current staff costs and fixed overheads. the target level of reserves for 3months costs is £80.000. At the reporting date, Ihe charity held unrestricted reserves of £462,125, which includes £181,752 invested in tangible fixed assets and Iherefore not available towards the reserves policy target level. Therefore the free reserves of the charity al Ihe year end is £280,373. The strategy is to continue to build free reserve5 through planned operating surpluses. In the short-term the board has also considered the extent to which exi51ing activilies and expenditure could be curtailed. should circumstances arise.
THE OLD LIBRARY TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Major risks OLT carries out regular reviews of the major rtsks to which the organisation is exposed and is compliant with SORPS requirements including slralegic risk management. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to miligate the risks the organisalion faces. Internal controls are minimised by the implementation of procedures for aulhorisation of all Iransactions and projects. Procedures are in place to ensure compliance with health and safety for staff, volunteers, centre users and visitors. All policies and procedures are periodically reviewed to ensure that they continue to meet the needs of the organisation. Plans for future periods The 2025126 year will no doubt be a challenging one as we reflect on the continued impact of the cosl of living crisis on the local community. The organisation will continue to adapt, innovate, and reach out to support the local community as we all try and navigate our way out of this unique situation. A real strength of this organisation is the commitment of staff and volunteers to support those in most need. Their efforts were nothing short of remarkable over Ihe last year and there is no doubl that this will continue into the coming year. Structure, govemance and management Governing Document The company holds charitable status and is a company limited by guarantee, incorporated in July 2001. The company was established under a Memorandum of Association which sets out the objects and powers of the charitable company and governed under its Articles of Association. In Ihe evenl of the company being wound up, members are required to contribute an amount not exceeding £1. The trustee5, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were-. Mr Damien Harkin (Chairperson) Mi Charlie O'Donnell (Chairperson) resigned 12 November 2025 Mr Karol Mccauley (Treasurer) Ms Anna-claire Murray Mr Sean Dohety Ms Martine Mulhern Mr Maurice O'Donnell Recruitmenf and appointment of trustees The Board of Direclors meet on a quarterly basi5. The purposes of the meetings are lo update directors on current activities, make strategic decisions. conduct business and discuss any issues relevant to the activities of the OLT. The first members ofthe Company are the subscribers lo Ihe Memorandum ofAssociation.
THE OLD LIBRARY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Organisational structure Staff team of 202412025 OUR TEAM IS HERETO HELP Healthy Living Cen Ire Lol Thtold UbraryTwst Y4k•p PR(YuIKfjGAll Healthy Living Centre o Theold LibraryTrvst WÉ SIMPLYMAKE ITEASIER FOR PEOPLETOLEAD A HEALTHIER LIFE The OLT building and slaff are here loryou andlhecommunty Statement of trustees. responsibilities The trustees, who are also the directors of The Old Library Trust for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice). Company law requires the trustees to prepare financial stalements for each financial year which give a Irue and fair view of the stale of affairs of the charity and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting poliGies and then apply Ihem Gonsistenlly- observe the methods and principles in the Charilies SORP., make judgements and eslimales that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disciosed and explained in the financial statements., and prepare the financial statements on the going concern basis unle$5 It is inappropriale to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Gharily 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 chartty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor In accordance with the company's articles, a resolulion proposing that Moore {Nl) LLP bè reappointed as auditor of the company will be put at a General Meeting. 10-
THE OLD LIBRARY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Disclosure of information to auditor Each of Ihe trustees ha5 confirmed that there is no information of which they are aware which is relevant lo the audit, but of which the auditor is unaware. They have further confirmed thal they have taken appropriate steps to identify such relevant information and to establish that the audilor is aware of such information. The trustees. report was approved by the Board of Trustees. 11 Mr Damien Harkin (Chairperson) Trustee Mr Karol Mccauley {Treasurer) TTUStee 30 January 2026 11
THE OLD LIBRARY TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE OLD LIBRARY TRUST Opinion We have audited the financial slalements of The Old Library Trust (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities. the balance sheet. the slatement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in thé UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. In our opinion, the financial slalements.. give a true and fair view of the stale of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conduGted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for (he audit of the financial statements section of our report. We are independenl of the charity in accordance with Ihe ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordancè with these requirements. We believe that the audit evidence we have obtained is sufficienl and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of a¢¢ounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions Ihat, individually or collectively, may Gast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial slatements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the informalion included in the annual report other than the financial statements and our audito¢s report thereon. The Irustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. Our re5ponsibilily 15 to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the Course of the audit, or otherwise appears to be materially misstated. If we identify such material inconslstencies or apparent material misstatemenls, we are required to determine whether this gives rise to a malerial misstatement in the financial statements themselves. If, based on Ihe work we have performed, we conclude that there is a material misslalement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of our audit- the information given in the trustees, report for the financial year for which the financial statements are prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the financial slalemenls., and Ihe directors, report included within Ihe trustees, report has been prepared in accordance with applicable legal requirements. 12-
THE OLD LIBRARY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE OLD LIBRARY TRUST Matters on which we are required to report by exception In the lighl of the knowledge and understanding of the charily and 115 environment obtained in the course of the audil, we have not identified material misstatements in the directors, report included within the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequale for our audit have not been received from branches not visited by us. or Ihe financial statements are not in agreement with the accounting records and relurns-, or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audil., or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the requiremenl to prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of Ihe charity for the purpose of company law, are responsible for the preparalion of the financial statements and for being satisfied Ihat they give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparalion of financial statements that are free from material misslatement. whether due lo fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability lo continue as a going concern, disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Gharilable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statemenls as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report thal includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists. Misslalements can arise from fraud or error and are Gonsidered material if, individually or in the aggregate, they could reasonably be expécted lo influence the economiG decision5 Of user5 laken on the basi5 of Ihese financial 51atements. The extent to which our procedures are capable of detecting irregularities. including fraud, is detailed below. Extent to which the audlt was considered capable of detecting irregularities, including fraud The objectives of our audit in respect of fraud. are,- to identify and assess the risks of material misstatemenl of the financial statements due to fraud- to obtain sufficient appropriale audil evidence regarding the assessed risks of material misstatèmenl due to fraud, through designing and implementing appropriale responses to those assessed risk5,' and to respond appropriately lo instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those Gharged with govemance of the charitable company. Based on our understanding of the charilable company and its operating environment, we determined that the mosl significant frameworks which have a direct impact on the preparation of the financial statements are those related to the reporbng framework, (FRS 102, the Charities Act (Northern Ireland) 2008, The Charities (Accounts and Reports) Regulation5 (Northern Ireland) 2015, the Charity SORP and the Companies Act 2006). 13-
THE OLD LIBRARY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE OLD LIBRARY TRUST The charitable company is also subject to other laws and regulations including employment law, regulations in relation to the company's charitable status and activilies involving the receipt of funds which use is reslricted by terms set out by the donor. Non-compliance in respect of any of these matters may have a malerial effecl on the financial slatements. Our required procedures in this area are limited to enquiry of Trustees and other management, and inspection of any regulatory or legal correspondence. These limiled procedures did not identify any actual or suspected non-compliance. We assessed the susceptibility of the Charitable company's financial statements to malertal misstatement, including how fraud might occur. including evaluating management's incentives and opportunities to manage earnings or influence the reported results. From the results of our assessment, we delermined Ihat the principal risks of fraud relate to posting inappropriate journal entries and use of charity funds for purposes outside of restrictions imposed by the donor. In common with all audits under ISAS (UK), we are required to perform specific procedures to respond to the risk of management override. Audit response to risks identified As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. Audit procedures performed by the engagement team included.. We obtained an understanding of the charitable company's internal control systems in order lo design audit procedures that are appropriate in the circumstances, bul nol for the purposes of expressing an opinion on the effectiveness of the charitable company's internal control. We obtsined an understanding of how the charitable company complies with relevant laws and regulations, including those as a result of its registration with the Charity Commission for Northern Ireland and charitable status with HM Revenue & Customs , by making enquiries of management and those charged with governance. Enquiry of management, those charged wilh governan¢e and the enlity's solicitors around actual and potential liligalion and claims. Enquiry of entity staff to identify any instances of non-compliance with laws and regulations. Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. Reviewing minute5 of meelings of those charged with governance. Reviewing financial statement disclosures and lesling to supporting documentation to assess compliance with applicable laws and regulalions. Auditing Ihe risk of management override of conlrols. including through testing journal entries and other adjustments for appropriateness. and evaluating the business rationale of significant transactions thal are unusual or outside the normal course of business. Auditing the risk of use of charity funds outside of restrictions imposed by the donor by review of fvnding letters of offei to identify restrictions, and review of funding ciaims prepared by management to check compliance with restrictions. We communicated relevant laws and regulations and potential fraud risks to all engagemenl team members. and remained alert to any indications of fraud or non-complian with laws and regulations throughout the audit. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not delecting a material misstatement due to fraud is higher Ihan the risk of not detecting one resulting from error, as fraud may involve deliberate concealment through collusion, forgery, intentional omissions. misrepresentations or the override of internal control. A further description of our responsibilities is available on the Financial Reporting Council'5 website at.. https'.11 www.frc.org.uklaudilorsre5ponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely lo the charitable Company's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's member5 those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest exient permitted by law, we do not accept or assume re5ponsibilily to anyone other than the charitable company and the charitable company'5 members a5 a body, for our audit work, for this report. or for Ihe opinion5 we have formed. 14-
THE OLD LIBRARY TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE OLD LIBRARY TRUST James Nash {Senior Ststutory Auditor) For and on behalf of Moore (Nl) LLP, Stalutory Auditor Chartered Accountants 21-23 Clarendon Street Derry-Londonderry BT48 7EP 30 January 2026 15-
THE OLD LIBRARY TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current financial year Unrestricted funds 2025 Restricted funds 2025 Total Total 202S 2024 Notes Income and endowments from: Donations and legacies Charitable activities Other income 1,788 231,S11 56.883 100,929 $43,867 102,717 775,378 56,883 111,381 756,657 Total income 290,182 644,796 934,978 868,038 Expenditure on: Charitable activities 256,452 734,466 990,918 1,031,700 Total expenditure 256,452 734,466 990,918 1,031,700 Net incomellexpenditure} 33.730 (89.6701 (55,9401 (163,662) Transfers between funds 18,000 118,0001 Net movement in funds 51,730 (107,670) 155,940) (163,662) Reconciliation of funds: Fund balances at 1 April 2024 410,395 1,440,393 1,850,788 2.014,450 Fund balances at 31 March 2025 462,125 1,332,723 1,794,848 1,850.788 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conlinuing activities. 16-
THE OLD LIBRARY TRUST STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior financial year Unrestricted funds 2024 Restricted funds 2024 Total 2024 Notes Income and endowments from: Donations and legacies Charitable activities 2,586 161,153 108,795 595,504 111,381 756,657 Totsl income 163,739 704,299 868,038 Expenditure on: Charilable activities 250,584 781,116 1,031,700 Total expenditure 250,584 781,116 1,031,700 Net income (86,845) (76,817) {163,662} Transfers between funds 24,369 (24,369) Net movement in funds (62,476) (101,186) (163,662) Reconciliation of funds: Fund balances at 1 April 2023 472,871 1,541.579 2,014.450 Fund balances at 31 March 2024 410,395 1,440.393 1,850,788 17-
THE OLD LIBRARY TRUST BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 11 1,464,571 1,516,305 Current assets Debtors Cash at bank and in hand 12 155,604 245.299 154.066 265,258 400,903 419,324 Creditors: amounts falling due within one year 13 (70,6261 (84,841) Net current assets 330,277 334,483 Total assets less current liabilities 1,794,848 1,850.788 The funds of the charity Restricted income funds Unreslricted funds 15 16 1,332,723 462,12S 1,440,393 410,395 1.794,848 1,850.788 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 30 January 2026 Mr Damien Harkin (Chairperson) Trustee Mr Karol Mccauley (Treasurer Trustee Company registration number N1040909 (Northern Ireland) 18-
THE OLD LIBRARY TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notss Cash flows from operating activities Cash absorbed by operations 119,959) (57,402) Investing activities Purchase of langible fixed assets (179) Net cash used in investing actlvities (179) Net cash generated from financing activities Net decrease in cash and cash equivalents (19,959) (57,581) Cash and cash equivalents at beginning of year 265,258 322,839 Cash and Gash equivalents at end of year 245,299 265,258 19-
THE OLD LIBRARY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information The Old Library Trust is a private company limited by guarantee incorporated in Northern Ireland. The registered office is The Old Library Trust, The Old Library Building, Central Drive, Derry, BT48 9QG. 1.1 Basis of preparation The financial statemenls have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Slandard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" The charity is a Public Benefit Entily as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a statemenl of cash flows. The financial statements are prepared in sterling, which is the functional curren¢y of the charily. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopied are set out below. 1.2 Going concem 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 accounling in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Reslricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance condition5 have been mel, the amounts can be measured reliably. and it is probable that income will be reived. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance condilions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or othewise if the charity has been notified of an impending distribution. the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent assel. -20-
THE OLD LIBRARY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.5 Expenditure Expendilure is recognised once there is a legal or constructive obligation to make a payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which Ihe expenditure was incurred. Expenditure on charitable activities includes the costs of Services undertaken to further the purposes of the charity and Iheir associated support costs. Support costs are those functions that assist the work of the charity bul do not directly undertake charitable activities. Support costs include back office costs, finance. personnel, payroll and governance costs which support the charily's programmes and activities. 1.6 Tangible fixed assets Tangible fixed assels are initially measured at cost and subsequenlly measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on Ihe following bases.. Leasehold land and buildings Fixtures and fittings 20h straight line 250h straighl line The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether Iheie is any indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss {if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks. other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are showrb within borrowings in current liabilities. 1.9 Financial instruments The chartty has elected lo apply Ihe provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or lo realise the asset and settle the liabilily simultaneously. Basic flnancial assets Basic financial asset5, which include deblors and cash and bank balances. are initially measured at Iransaction price including Iransaction costs and are subsequently carried at amortised cost Using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipls discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 21
THE OLD LIBRARY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recogni5ed at transaction price unless the arrangement constitutes a financing transaction, where Ihe debt instrumenl is measured at the presenl value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligalions to pay for goods or services that have been acquired in Ihe ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabililies are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Taxation The company is a charity and is recognised as such by HM Revenue & Customs. As a resull. Ihere is no liability to taxation on any of its income. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which Ihe employee's services are received. Terminalion benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.12 Retirement benefits Payments to defined Gontribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other source5. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the eslimate is revised where the revision affects only thal period. or in the period of the revision and future periods where the revision affects both current and future periods. -22-
THE OLD LIBRARY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacies Unrestricted Restricted funds funds 202S 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts Grants 1,788 26,705 74,224 28,493 74,224 2,586 39,719 69,076 42,305 69,076 1,788 100,929 102,717 2,586 108,795 111,381 Donations and gifts DEEDS donations The National Lottery Community Fund- DormantAccounts Fund Other 11,739 11,739 7,862 7,862 14,236 730 14,236 2,518 31,857 31,857 2.586 1,788 2,586 1,788 26,705 28,493 2,586 39,719 42,305 Grants Public Heatth Agency 74,224 74,224 69,076 69,076 74,224 74,224 69,076 69,076 Income from charitable activities Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Totsl 2025 2024 Operation of a Healthy Living Centre Programme facililalion 142.978 Services provided under contract Grant funding Charitable rental income Class fees income 142,978 74,785 74,785 162,478 381,389 162,478 381,389 77,327 11,206 217.820 377.684 217,820 377,684 72,267 14,101 77,327 11,206 72,267 14.101 231.511 543,867 775,378 161,153 595,504 756,657 -23-
THE OLD LIBRARY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activities (Continued) Perfomiance related grants analysls Operation of aoperation of a Healthy LivingHealthy Living Centre Centre 2025 2024 Big Lottery Fund - DEEDS Phase 2 Department for Communities - Gapital funding Department for Communities SafeFood WHSCT Derry City & Strabane District Council CLEAR Small Grants GP Federation- PCMDT Seed Funding Cash for Kids LFT Charilable Trust other 170,818 20,495 58,989 67,057 54,008 7,250 2,090 164,120 70,361 55.802 44,181 8,225 4,971 8,120 7,995 6,595 7,314 682 381,389 377.684 Other income Unrestricted Unrestricted funds funds 2025 2024 Insurance claim Other income 5,850 51,033 56,883 -24-
THE OLD LIBRARY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities Operation of Operation of a Healthy a Healthy Living Living Centre Centre 2025 2024 Direct costs Staff costs Depreciation and impaimient Travel and subsistence Rates Insurance Power, heat and light Repairs and maintenance Printing, postage and stationery Programme costs Advertising Telephone Legal and professional fees Audit and accountancy IT software and consumables General expenses 532.477 51,734 480,178 60,522 1,364 2,175 9,987 51,222 17,451 4,325 327,147 9,473 6,255 14,137 9,790 16,084 21,590 3.831 13.162 58,840 13.411 4.248 233,538 4,868 7,7S8 18,573 5,500 14,056 28,922 990.918 1.031,700 Analysis by fund Unreslricted funds Restricted funds 256,4S2 734,466 250,584 781,116 990,918 1.031.700 Net movement in funds 2025 2024 The net movement in fvnds is stated after chargingl(crediting)'. Fees payable for the audit of Ihe oharily's financial 5tatemenls Depreciation of owned tsngible fixed assets 5,750 51,734 5,500 60,522 Trustses None of the trustees (or any persons ¢onneGted with them) reGeived any remuneration or benefits from the charity during the year. 25-
THE OLD LIBRARY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees The average monthly number of employees during the year wa5.. 2025 Number 2024 Number 14 15 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 484,853 38,362 9,262 430,183 40,824 9,171 532,477 480,178 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows.. 2025 2024 Aggregate compensation 151,684 146,129 10 Taxation The charity is exempt from laxation on its aclivilies be¢ause all its income is applied for charitable purposes. -26-
THE OLD LIBRARY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Tangible fixed assets Leasehold Flxturas and land and fittings bulldlngs Total Cost At 1 April 2024 2,092,009 249.440 2,341,449 At 31 March 2025 2,092,009 249,440 2,341,449 Depreciatlon and Impairment Al 1 April 2024 DepTeciation charged in the year 595,534 41,840 229,610 9,894 825,144 51,734 At 31 March 2025 637,374 239,504 876,878 Carrying amount At 31 March 2025 1,454,635 9,936 1,464,571 Al 31 March 2024 1,496.475 19,830 1,516,305 12 Debtors 2025 2024 Amounts falling due within one year: Other debtors Prepayments 148,467 7,137 147,458 6.608 155,604 154,066 13 Creditors: amounts falling due within one year 2025 2024 other taxation and social securily Trade creditors Other creditors Accruals 12,734 47,137 4,601 6,154 10.511 65.111 4,719 4,500 70,626 84,841 14 Retirement benefit schemes 2025 2024 Defined contribution schemes Charge to profit or loss in respect of defined contribulion schemes 9,262 9,171 27-
THE OLD LIBRARY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Retirement benefit 5cheme$ (Continued) The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 15 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subjeGt to specific conditions by donors as to how they may be used. At 1 Aprll 2024 Incoming resources Resources expended Transfers At 31 March 2025 Building Fund Café Refurbishment Fund The Executive Office - Communities in Transition Big Loltery Fund - DEEDS Phase 2 Big Lottery Fund - DEEDS Phase 1 Department for Communities Public Health Agency WHSCT- Family First Hub SafeFood- Transform Your Trolley SafeFood - Community Food Iniliative CLEAR Small Grants The National Lottery Community Fund- Dormant Accounts Fund Derry City & Strabane District Council GP Federation- PCMDT Seed Funding LFT Charitable Trust Save the Children - Summer Play Other restricted funds 1,321,859 5,600 141,8401 (2,800) 1,280,019 2,800 162,478 (162,478) 24,832 170,818 (195,650) 25,644 {25,644) {79,484) {74,224) (34,026) 79,484 74,224 54,008 16,84S (3,000) 33,827 34,935 67,057 (72,313) {15,000) 14,679 4,609 {3.5411 {2,0901 1.068 2,090 14,236 {14,2361 7,250 (7,250) 2.254 3.166 (2,254) 12,836) 330 649 {649) (13.151) 13,151 1,440,393 644,796 {734,466} 118,0001 1,332,723 28-
THE OLD LIBRARY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Restricted funds {Continued) Previous year: At 1 April 2023 Incomlng resources Resources expended Transfers At 31 March 2024 Building Fund Café Refurbishment Fund The Executive Office - Communities in Transition Big Lottery Fund - DEEDS Phase 2 Big Lottery Fund- DEEDS Phase 1 Department for Communsties Public Health Agency WHSCT- Family Firsl Hub SafeFood - Transform Your Trolley SafeFood- Community Food Inilialive CLEAR Small Grants Arts Council Northern Ireland The National Lottery Community Fund - Dormant Accounts Fund Derry City & Strabane District Council Cash for Kids GP Federation- PCMDT Seed Funding LFT Charitable Trust Save the Children- Summer Play Save the Children - Winter Play Olher restricted funds 1,363,699 8,400 {41,840) (2,800) 1,321,859 5,600 217.820 (217,820) 79,317 164,120 (218,605) 24.832 31,817 (6,173) (70,361) (69,076) (41,293) 25,644 70,361 69,076 44,181 19,076 (5,119) 16,845 31,692 49,577 (31,334) (15,000) 34,935 4,705 500 2,373 6,224 4,971 (2,070) {5,471) (2,373) {4,250) 4,609 31.857 (31,857) 8,225 7,995 (8,225) (7,995) 8,120 6,595 (5.866) (3,429) 2,254 3.166 5,725 1,588 7,864 {5,076) {1,588) {7,864) 649 1,541,579 704,299 (781,116) (24.369) 1,440,393 Details of matsrial restricted funds The Executive Office - TEO continues to fund Communities in Transition health and wellbeing programme for Creggan and the Brandywell. This is a community wide health and wellbeing project that includes core elements such as volunteering. mentoring and the promotion of community health and wellbeing services. The Public Health Agency continue to contribute to the core salaried posts of the organisation lo enable health and wellbeing activities to be made available to the local community. In addition to this the PHA 5UPPOrts the role out of the CLEAR projects for improvements in Mental heallh and wellbeing. The Big Lottery fund l The National Lottery Community Fund - DEEDS- The National lottery community fund support5 the organisations delivery of essential Dementia related programmes and services across the Derry Cily & Strabane district Council area. The DEEDS project was funded during the year and funding finished in August 2025. -29-
THE OLD LIBRARY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Restricted funds (Continued) The Dept for Communities continue to contribute to the core costs & caretaker post of the organisation lo enable health and wellbeing aclivilies to be made available to the local community. The department also supported the Healthy Living Centre Alliance warm well & connected initiative of which Ihe Old Library Trust coordinated and delivered a series of programmes and services to local people across the Western Trust area. The Western Health & Social Care Trust continue to contribute to the core salaried Family Support Hub post of the organisation to enable families in crisis within the local area lo be supported in a wide variety of ways. SafeFood The organisalion through the heallhy living centre alliance planned and delivered a regional wide Family nutrition support programme funded by Safefood. The National Lottery Community Fund - Dormant Accounts Fund supports the organisalion to be more resilienl and prepared for the fijture by funding activity that increases capacity and sustainability. The programme supports the organisalions to adapl lo future challenges and be more financially resilient. In this case supporting core costs associated with the employment of a Programme Manager. Funding ceased in September 2024. Derry City & Strabane District Council- Local Council funding supporls the general running and core costs ofthe healthy living centre as a community venue as part of the Community centre venue fund. 16 Unrestricted funds The unrestricted funds of the charity comprise Ihe unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds whiGh have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprll 2024 Incoming resources Resources expended Transfers At 31 March 2025 General funds 410,395 290,182 {256,452) 18,000 462,125 Prèvious year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General funds 472,871 163,739 (250,584) 24,369 410,395 17 Analysis of net assets between funds Unrestrictsd funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current as5etsl(liabilities) 181,752 280,373 1,282,819 49,904 1.464,571 330,277 462,125 1,332,723 1,794,848 30-
THE OLD LIBRARY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Analysis of net assets beiween funds (Continued) Unrestricted funds 2024 Restricted funds 2024 Totsl 2024 At 31 March 2024: Tangible assets Current assetsl(liabilities) 188,846 221.549 1,327.459 112,934 1,516,305 334.483 410,395 1,440,393 1,850.788 18 Transfers between funds There has been net transfers beeen funds of £18,000 from restricted funds to unreslricled general funds which represents general core funding allowed by funders which is being released lo unrestricted reserves. 19 Financial commFtments, guarantees and contingent liabilities Certain grants received and receivable may become repayable to the funder if the charity is no longer able to meet the conditions under which they were awarded. Due to the nature of Ihese contingencies, it may not be possible lo quantify the potential financial effect or give an indication of the timing as to the liabililies that may arise. 20 Events after the reporting date There have been no significant events impacling the charity since the reporting date. 21 Related party transactions There were no disclosable related paty transactions during the year (2024 - none). 31