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 Servi￿5.
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
deliVe￿d 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 be￿een 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(YuIK￿fjGAll
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).
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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 re￿ived.
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 be￿een 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 be￿een 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