Company reglstratlon number: N1027378 St Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Flnanclal slat•ment8 31 March 2023
st Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Contents Page Legal and administr8tNe information Truslees, Report Independent audltor's report to the members Consolld8ted Statement of Fin8nclal Actlvilies for th6 year 8nded 31 March 2023 10 Company Statement ol Flnancial Activities for the year ended 31 March 2023 11 Consolidated Statement of fln3ncial position as at 31 March 2023 12-13 Statement of Cash Flow and Consolidated Cash Flow 14 Noles to the Accounts 15-29
St Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Legal and Admlnlstratlve Inforniatlon Slatus The organlsation is a charitable company limited by guarantee, Incorporated on 01 Aprll 1993 and is recognised as a charity by the Northem Ireland Charity Commission and HM Revenue & Customs. The governSng document Is the Memorandum and Articles of Association. Under those Articles. the Trusleesldirectors are elected 8t the AGM to serve a period of 3 years. Dlrector8 Ms Laura Canavan Mr Martln Doherty Ms Mary McKlnney Ms Sarah Qullty Ms Emm8 Willis Mr Robin Young (Appolnled 21 Novèmber 2022) (Appolnted 25 January 2023) Managlng Dlrector , Mrs Sharon Dohety Accountants & Audltors . Fergus McAleer & Co. Chartered Accountanls Statutory Audilors 31133 Clarendon Street Dery 8T48 7ER Maln Banker$ . Bank of Ireland 27 Culmore Road Derry BT48 8JB Reglstered Offlce . 4 Limavady Road DerrylLondondery BT48 1JU HMRC Charlty Reference No: X01144-93 N.1. Charlty Commlsslon Reglstratlon Numbèr: NIC103557 Page 1
St Columb's Park Reconclllatlon Trust Truste8s' Annual R•port for the Year Ended 31 March 2023 The Dlreclors are pleased to presenl their annual report together with the financlal statements of the Charity for the year ending 31 March 2023 which are also prepared lo meel the requirements for a Diractors, report and accounts for Companies Aci purpos8S. The financial statements comply with th8 Charltles Act (Nl) 2008. the Charilles {A¢counls and Reports) Regulations (Nl) 2015, Companies Act 2006, the Memorandum and Articles of AssoGlalion, and Accounting and Reportlng by Charlties: Statement of Recommended Pr8Ctise applicable to charities preparlng Ihelr accounts in accordanc8 With Ihe Financlal Reporting Standard 8pplicable Sn Ihe UK and Republlc of Iraland {FRS102) (effectlve 1 January 2019.) Dlrectors and tru8tee8 Th8 dlrectors of the charltable company (the charity) arè the trustees for Ihe purpose of charity law. The truslee5 durlng the year and at the 31 March 2023 were 88 follows". Ms Laura Canavan Mr Martin Doherty Ms Emma Johnston Ms Mary McKinney Mr Jlrn O'N8111 Ichalrperson) Ms Sarah Quilty Ms Emma Willls Mr Robin Young (Appolnted 21 November 2022) (R88igned 30 May 2023) (Resigned 31 March 2023) (Appolnted 25 January 2023) ObJ8Ct8 and A¢tlvltle6 The Companys objecls are Ihe advancement of education and of olher charllable purposes benefic181 to the communlty In Norlhem Ireland (the area of benefrt) and in particular. but not so as to Ilmlt the generalily of the foregoing, the advancement of education in and Ihe understsnding of the different cullural tr8dilions of the peoples of thè 8r88 of beneflt and Ihe Improvement of communSty r8latlons In the area of baneflt, Achlevem•nt8, Actlvltles, Performance and Future Plans The year ended 31 March 2023 saw our work retuming lo more convenlional methods of dellvery. Our programmes for 2022123 Include Ilie followlng- Ignyle funded by The Intemaiional Fund for Ireland for 12 months, Fight for Myself programme based at HMP Magilligan funded by the Trfangle Twst, Connecting Communltles at the Interface based In Curwlerln funded by the Rank Foundation, Future Leaders funded by C04)peralion Ireland for 1 year. Back Lanes Prolect funded by the Asset Recovery Fund, Bloom Project funded by the Natlonal Lottery Communlty Fund, Moving Peace Fopward funded by the Intemational Fund for Ireland. Our core 8lms of People Place and Peace represented In these programrnes have all made sionlficant positive impact wlth the target oudience. Tho usa of thg otjtdoors as tho plBtform for many Df Our programmes provided us wilh the perfect way to retum to 'normal'. We are grateful for the support from all our funders, who entrust us wllh their grants to make a posS1ive difference to the Ilves of Ihe people In our communitles. The work of the Twsl furthers the advancem8nl of educallon in and the understandlng of the dlfferent cultural tradilFons of the Ioc81 people and contributes to the improvement in community r81ations In Page 2
st Columb's Park Recon¢lllatlon Trust Trustees. Annual Report for the Year Ended 31 March 2023 Partnershlp building Is increasingly important in these ch8llengin9 times. We welcome the positive partnership we hava wilh our local Council, as w811 as the many communlty Bnd volun18ry organisations we collaborate with. Our relalionship th the Probation Board has grown signlficantly and we are very grateful 10 811 Ihe individuals who complele their community service placements al SCPH as part of our team. Iheir hard work supports our slaff in realising our Mission to 'lo empower for local citizens lo become changemakers, peac8 builders 8nd community leaders,. We are indebted to our group of dedlcaled and committed volunteers who glve so willingly of Ihelr time and energy in Ihe development of the walled gard&n The Trust contlnue to develop and dellver our 5 year Slraleglc Plan, followlng on from extenslve consultation and research. The Slrateglc Plan encapsulales much of the rich reconclliatlon journey travelled by the Trust to date and broadens this to incorporate a new sustalnable vislon were every indlvldual who lakes part in our projects embarks on 8 Journey where they can start lo reallse Ihelr potentlal as changemakers, peacebullders and valued cillzens. The loumey Ihrough the years of reslrictlons. lockdowns, Isolating and shieldlng has ¢r88ted a new appreciatlon of the outdoors and tha many beneflts that our n8tural 6nvlronmenl off6rs,' The Trust is privlleged to have the beaullful grounds and walled garden as part of our offer provldlng the opportunlty to continue 'in person, 8clivilies In a safe and healthy way for our partlclpants; the benellts of this have exceeded our partlcipants expectatlons. Related PartleB St, Columb's Park Reconciliation Trust Llmlted has a wholly owned subsidlary company (St. Columb's Park House Llmlted) which operates and runs the Sl. Columb'8 Park Centre for and on behalf of the Trust. 11 covenants all profits lo St. Columb's Park Reconciliation Trust Limited for Ihe pursult of Ils charitable alms. Results and revlew of the buslne88 The company is a non-profil mak-lng organisatlon. Th8 results are set out In detall on pages 7 to 29, The company reiurned a net movement In funds of £3.918 {2022: £55,048) after olher recognised gains and Reservo6 pollcy The Trustees have revlewed the reseNes of the company. This review encompassed the nature of the Income and expendlture streams, th8 need lo match variable income with fixed commitments and lh8 balance and n8ture of the reserves themselves. Sl Columb's Park Reconciliation Tru518lms to maintaln adequate reserves to enable us to manage financial iisk and deliver on our commltments. Our Reserves Policy is to 8nsur8 that there Is no dlsruption lo our services at short nolic&. due to lack of funds, an unfores8en r8duction In income or an Incr8ase in expenditure, whlle at the same time ensurlng that reserves are no hlgher than necessary and not retained for longer Ih8n requlred. This gives lime in the event of a drop in funding Io seek alternatlve funds, restructure and cut costs whllsl continulng to provide a servlce, and our alm is to malntain 8 level of general reserves to meet the ongolng working capital requlrements of the organisalion, The Trustees hava forecast Ihe level of free reserves (that is thoso funds not tied up In fixed 8ssets, and designated and restricted funds) that Ihe charlty will require to suslain Its operations and meet ils financlal obligations over future perlods. They are satisfied that the reseNes held are more than adequate for these purposes and will continue to monitor And revl8w thè lunds hold to •nsuro thvlt tha oxi91ing 8nd futurè charitablo activitlès of th8 organisation can be funded from its resources. Deslgnated funds (unrestrlcted) for the group - are those unrestricted funds that have been allocated by the Trustees for sp8cific purposes. The Trustees have designated £135,000 (2022: £130,000) of the free reseNe8 to cover a 6 month worklng capltal buffer facllity. for potential redundancy costs and pending essentlal capltal repalr works. Page 3
St Columb's Park Reconclllatlon Trust Trustees. Annual Report for Ihe Year Ended 31 March 2023 Rlsk managemènt The trustees have examined Ihe major strategic. business and operallonal risks which the charity faces and confirm thal Iha syst&rns have been established to enable regular reports lo be produced so that the necessary steps can be laken to lessen these r15ks. Statemènt of Trustees Responslbllltles The charity Irustees (who are also the Dlrectors of the St Columb's Park Reconclllalion Trust for the purposes of company law) are responslble for prep8ring a trustees, annual report and financlal slatemenls In accordance w5th applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountlng Practlce). Company law requlres the trustees to prepare Ilnanc181 statements for each financlal year whlch glv8 8 true and falr vlew of the stale of 8ff8lrs of the charltable company and of Ihe profit or loss of the company for that In prep8rlng these the trustees are requlred to". select sultable accountlng poll¢les and 8ppIy ihem consistently; make judgements and estimat8S thal are reasonabl8 and prudent; observe the malhods and princlples In the Charllles SORP,. stale whether applicable UK accountlng stsndards have been foll0vd, subjecl to any materlal departures disclosed and explained in the financi81 statements; prepare the flnan¢l818latements on the going concern basis unless it bs Inappropriate to presume Ihat th6 company wlll conllnue In buslness. Thé trustees are responslble for keeplng proper accountlng records whlch dlsclose with reasonable awuracy St any tlme the financi81 position of th8 company 8nd to enable them lo ensure that the financial statements comply with the Companles Act 2006. Thay are also responslble lor safeguardlng the assets of the company and hence for taklng reasonable stéps for the prev8ntlon and detectlon of fraud and other Page 4
St Columb'G Park Rèconclllatlon Trust Trustees. Annual Report for the Year Ended 31 March 2023 Audltors Each of the persons who Is a truslve at Ihe date of approval of this report confimi Ihat: so far as each trustee is aware. there Is no relevant audit Informatlon of whlch the CoMpanS audltor Is unaware; and they have taken all steps that thoy ought to have taken as a director to make Ihemselves aware of any relevant audit Information and to lablish Ihal the companls auditor Is aware of that Information The audltor Is deemed to have been re-appointed in accordance wllh section 487 of Ihe CompanS88 Act Small company prov151ons Thls report has been prepared Iii accordance with the provislons appllcable to companles entitled to the small companles exemption. These Flnancial Ststements were approved by the board of directors and authorlsed for issue on 29 November 2023 and are signed on behalf of the board by: McKlnney Dlrector Page S
St Columb'8 Park Reconclllatlon Trust Company Ilmlted by guarantee Independent audltorfs report to the members of St Columb's Park Reconclllatlon Trust (contlnued Year Ènded 31 March 2023 Oplnlon We h8V8 audited lh8 financlal statements of St Columb's Park Reconciliation Trust for the year ended 31 March 2023 which comprise th8 Consolidated Statement of Financial Aclivili&s, Company Statement of Financlal Acllvities, Consolldated Balance Sheet. Consolidated Statement of Cash Flows and notes to the financial statements, Includlng a summary of significant accounting policies. The financial reporllng framework thal has been applled in thelr preparation is applic8ble law and UnSted Klngdom Accountlng Standards, ncluding FRS 102 The Financial Reporting Standard applicable In the UK and Republlc of Ireland (Unlted Klngdom Generally Accepted Accounting Pracllce). In our oplnlon, the financlal 8talements- glve a true and f8lr vlaw ol the slate of the group's and of the parant comp8nVs affalr8 as 8I 31 March 2023 and of the group profil for the y88r then ended,. have been properly pr8pared Sn accordance with UnSted Klngdom Generally Accepted Accounting Praclice: 8nd have been prepared In 8ccordance wllh the requirements of the Companies Act 2006. 80618 for oplnlon We conducled our 8udil In accordance wlth Intemallon81 Standards on Audltlng (UK) {ISAs (UK>) and applicable law. Our responsSbililies under Ihose standards are further d8scribed In the audllorfs responslbllltles for the audit ol the financial statements section of our report. We are independent of lh8 company In accordance wllh the ethical requirements that are relevant to our audit of the flnanclal slalements In the UK, ncludlng the FRC'S Ethlcal Standard. and we have fulfilled our other ethical responslbllllies In accordance with Ihese requlremenls. We belleve Ihat the audit edence we have obtalned Is sufficient and appropriate lo provlde a b8sls for our oplnlon. Con¢luslon8 relatlng to golng concern In audlling Ihe financial slatements. we have concluded that the dtrectors use of the golng concern basis of accounting In th8 preparation of tho financ181 slalements is approprlate. Based on the work we have performed, we have nol Identified any material uncertainties relating to ev8nts or conditions that. IndlvKIu811y or collectively, may cast significant doubt on the companys ablllty to continue 8s a golng concern for a perlod of at least twelve months from when the financl81 slatemenls are aulhorised for issue. Our responsibililies and the responsibllitles of Ihe dlrectors with respect to going concern are describad In the relevant sections of this report. Othar Inforniatlon The other inforrnatlon comprises the Informatlon included In the annual report, other than the financial statements and our auditor's report Ihereon. The directors are responsible for Ihe other information. Our opinion on the financlal statements does not cover the oiher Information and, except to th8 extent otherwlse explicitly stated In our report, we do not express 8ny form of assurance conclusion thereon. In conngcllon wilh our audll of ¢h4 flnanclal staiements, our responslblllty18 to road ihe other Information and, in doing so, consider whelher Ihe other informalion is materially Inconsistenl wllh Ihe financial statements or our knowledge obtained in the audit or othenvise appears to be materially misstated. If we identify such malerlal inconslstencles or apparent materiBI misstatements, we are required to determine whether there is a malerfal mlssl8tement In th8 financlal statements or a malerlal mlsstatement of the other Inforrnallon. If, based on the work we have perfonned. we conclude thai there is a material misslatemenl of thls other Information. we are required to report that fact. We have nothing to report in this regard. Page 6
Sl Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Independant audltorfs report to the members of St Columb's Park Reconclllatlon Trust l¢ontlnued) Year ended 31 March 2023 Oplhlons on other matters prescrlbed by the Companlès Act 2006 In our oplnlon, based on the work undertaken In Ihe course of the audit: the Information given In the directors, report for Ihe financlal year for whlch the financial statements are Prepared Is consistent wlth Ihe financlal statements. and the dSrectors' report has been prepared in accordance with applicable legal requirements. Matters on whlch wt are requlred to report by excepllon We have nothlng to report in respecl of the following matters vth8re th8 Companies Act 2006 r8qulres us to report to you if, In our opinion.. adequate accounting records h8ve not been kept, or returns adequate for our audit have not been racelved from branchas not vlslted by us; or the flnanclal statements are not In agreemenl with the accountlng records and the returns; or certain disclosures of dlr8Ctors' remuneration specified by law are not made: or wa have not recelved all the information ond explanations we requlre for our audit,. or th8 dlr8Ctor8 wer8 not entSlled to prepare the financlal statementg in accordance with the small companles regime and lake advanlage of the small companles, exemptions In preparing the dlrectors, report and from the requlrement to prepare a strategic report. Réspon8lbllltla8 of dlrector8 As explalned more fully in the directors, responsibilities 81atement, the dlrectors are responslble for the preparation of the flnanclal stalenients and for being satisfied that Ihey give a true and fair vlew, and for such Internal conlrol as the directors delemilne is necessary to enable the preparatlon of financial statements Ihat 8re free from mater181 mlsstatemeiit, whether due to fraud or error. In preparing the financlal statements. the directors are responsible for assessing the company's ability io continue as a golng concem. dlscloslng, as applicable. matters related lo going concern and using the going concern basis of accountlng unleiis the directors either intend to liquidate Ihe company or lo ceas8 OP8ratlons, or have no reallstic alternatlve but lo do so. Audllorfs re8ponslbllltlé8 for the audlt of the flnanclal statement8 Our objectlves are to obtaln reasoiiable assurance about whether the financlal statements as a whole are free from materi81 misststement, whelher due lo fraud or error, and to Issue an 8uditor's report that Includes our oplnlon. Rea8on8ble assurance18 8 hlgh18vel of assurance, but Is not 8 gu8r8ntee that an audlt conducled In accordance with ISAS (UKJ will always detect a m8terial misstatement when it exists. Misstatements can arlse from fraud or error and are considered material if, individually or In the aggregate, they could reasonably be èxpected to Influence the economic decislons of users taken on the basis of these financial statemenls. Irregularities, Including fraud, are Snstances of non-compliance with laws and regulations. We de51gn procedures in Ilne with our responsibililies. outlined above. to detect materi81 misst8temenls In respect of Irregularllies, including fraud. The extenl lo which our procedures are capable of detecting Irregularitles, Including fr8Ltd ix dèlAllad below: Identlfylng and assesslng potentlal rlsks related to Irregularltles In Identlfylng 8nd assesslng risks of material miss1atement In Spect of Srregularities, including fraud and non-compllance wllh laws and regulalions w8 consid8red the following: the nature of the Industry and sector and control envlrijnment Page 7
St Columb's Park RecDnclllatlon Trust Company Ilmlted by guarantee Independent audltorfs report to tho members of St Columb's Park Reconclllatlon Trust (contlnued) Year ended 31 March 2023 the legal and regulatory framework applicable" the results of our enqulries of m8nag8ment and olher key persons about their own Identific8tlon and 8ssessment of the risks and irregularities the charity own policies and procedures on compliance with laws and regulations Includlng any Instances of non-compllance. Audlt response to rlsk Idenllfled As a result ol performlng Ihe above we Identlfied and perfomied th8 followlng procedures enqulry of management, those charged wllh governance around actual and potentlal Illigation and claims, enquiry of entity staff in compllanc8 functions lo klentlfy any In818nce8 of non-compliance wlth laws and regulatlons. revlewlng flnanclal statement dlsclosures and testing to supportlng documentstion to assess compllance with appllcable laws and regulations. performlng an91lea1 procedures to identfy any unusu81 or unexpected relatlonshlps that may Indicate rlsks of materlal mlsstat8ment due to fraud. audltlng the rfsk ol rnanagement override of controls, Includlng through testing journal entrtes and other adjustments for approprialenass, and evaluating the buslness ratlonale of slgnificant IransaclSons outslde the normal course of buslness. As part of an audit in accordance wilh ISAS (UK), we exercSse profegslonal Judgment and maintaln professional 8ceptlclsm throughout the audlt. we also: Idenllfy and assess the risks of material mlsstaternenl of the financial ststemenls, whether due lo fraud or error, deslgn and perform 8udit procedures responslve to those rlsks, and obtaln audll evidence thal 18 sufflcient and appropriate to provlde a b8s5s for our oplnion. The risk of not detectlng a rn818rl81 mlsslalemenl resultlng from fr811d Is higher Ihan for one resulting from error. as fraud may Involve collusion. forgery, Int8ntlonal omisslons, InlsrepresentatSons. or the overrlde of Internal control. Obtaln an understandlng of Internal control relevant to Ihe audit in order to design audii procedures that 8r8 appropriale In the clrcumstsnces, but not for the purpose of expressing an opSnlon on the effectlveness of the internal control. Evaluate the 8pproprlateness of accounllng pollcles used and the re8sonablenes8 of accountlng e8MateS and related dlsclosures made by the dlreclors. Conclude on the approprlateness of the direcloTS use of Ihe going concern basls of accounting and, based on the 8udlt evidence obtained. whether 8 material uncertalnty exlsts related to events or condltions that may cast siunificanl doubt on the cOmpanS 8bility lo Conlinue as a going concern. If we conclude that a material uncertalnly exlsls, we ere requlred to draw attention In our auditor's report lo the related dlsclosures In the financlal statements or, If such disclosures are inadequate, to modlfy our opinlon. Our conclvslons are based on the audit evidence obtalned up to the date of our auditor's raport. However, fulure events or conditions may cause the company lo cease to conllnue as a going concern. We MmUnICate with those charged with governance regarding, among olher matters, the planned scope and limlng of the 8udll and significant audit ftndlngs, including any slgnificant deficlencles in internal control that we identify during our audit. Page 8
St Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Independent audltorfs report to the members of St Ciilumb's Park Reconclllatlon Trust (contlnued) Year ended 31 March 2023 Use of our report Thls report Is made solely to Ihe cl)aritVs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit i¥ork has b88n undertaken so that we mlght st8te to the charllls members those matters we are requlred to t•tate to them In an auditor's report and for no other purpose. To the fullest extent permllt8d by law, we do not accept or assume responslbilily to anyone olher than the charily and the charlIS members a8 a body, for our audlt work, for thls report. or for the oplnlons w8 have formed. k- C. Conor McAteer (Senlor S181utory Audltor) s McAfEefy CHAnTERED For and on behalf of Fergus McAteer & Co. Chartered Accountants and Statulary Auditors 31133 Clarendon Street Derry BT48 7ER 2 9 NOV 2023 ACCOUNTANTS 29 November 2023 Page 9
St Columb'3 Park Reconclllatlon Trust Company Ilmlted by guarantee Con8olldated Statement of Flnanclal Actlvltle8 (Includlng consolldated Income and expendlture account) for the Year Ended 31 March 2023 Unrestrlcted Restrlcted Funds Fund8 Totals 2023 Totals 2022 Notes Income and endowments Donatlons 8nd legacles 377,052 377,052 553,545 Other trading actlvities 117,441 117,441 65,309 Investment income 301 301 331 Tolal Income 117,742 377,052 494,794 619,185 Expendllure Charitable 8CtSvltles 36.162 387.138 423.300 514,700 Ralsing funds Total expendlturo 66.641 102,803 935 388,073 67,576 490,876 49,436 564,138 Net Incomel(6xpendlture) 14,939 (11.021) 3,918 55.049 Transfer belween fund8 (15,290) 15,290 Net movement In fund8 (351) 4,269 3,918 55,049 Reconclllatlon of funds Total funds brought foThvard at 1 AprS12022 260,697 981,175 1,241,872 1,186,823 Total funds carried forward 8t 31 March 2023 260,346 985,444 1.245.790 1,241,872 The slatemenl of fln8nclal activities Includes all gains and losses recognised in the year. All Income and expenditure derive frorn continuing actlvitles Page 10
St Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Charlty Statement of Flnanclal Actlvltles (Includlng Income and expendlture aGcount) for the Year Ended 31 March 2023 Unr8strlcled Re8trlcted Funds Funds Totals 2023 Tota18 2022 Notas Income and endowmant8 Donatlons and legacles 377,052 377,052 532,102 other tr8ding activitleg 55,177 55,177 48,151 Investmenl Income Total Income 202 202 432,431 305 580,558 377,052 Expendlture Char5table 8Ctivllle8 36,161 387.138 423,299 514,700 R81sing funds Tolal expendlture 4,279 40,440 935 388.073 5.214 428,513 10.809 525.509 Net Incomo1{expendlture) 14,939 (11,021) 3,918 55,049 Transfer between funds (15.290) 15,290 Net movement In funds (351) 4,269 3,918 55,049 Reconclllatlon of funds Total funds brought forward at 1 Aprll 2022 260,697 981,175 1,241,872 1,186.823 Total fund3 carried forward at 31 March 2023 260.346 985.444 1,245,790 1,241,872 The statement of financlal aclivlties Includes all gains and losses recognised In the year. All Income and expenditure derive from continuing actlvities Page 11
st Columb's Park Re¢onclllatlon Trust Company Ilmlted by guarantee Con3olldated Balance Sheet as at 31 March 2023 Group 2023 Group 2022 Charlty 2023 Charlty 2022 Notes Flxed Assets Tangible Assels Inv8Stmenls Total flxed a88et• 11 12 824,354 855.250 824,063 J-. 853,797 100 100 824,163 853,897 824,354 855,250 Currant A8se18 Oeblor8 Cash at bank and in hand Total current a88•18 13 121.923 334,047 455,970 81.907 330,720 412,627 204.295 234.419 438.714 159,375 246,338 405,713 Credltors: amount8 falllng due wlthln one year 14 34.534 26.005 17,087 17,738 Net current assals 421,436 386,622 421,627 387,975 Total as8018 loss currant Ilabllltl¢s 1.245.790 1,241,872 1,245,790 1,241,872 Net asset8 1,245,790 1,241,872 1,245,790 1,241,872 The fund8 of the charlty Restricted funds Unreslrlcted funds 16 16 985,444 260,346 981,175 260,697 985.444 260.346 981,175 260,697 Total Charlty Funds 1,245,790 1,241,872 1,245,790 1,241,872 These consolldat8d accounts are i)repared in accordance wilh section 398 of the Companies Act 2006 and the Charltles Acl (Nl) 2008 and applicable regulatlons. These fin8nclal stalements have been prepared In 8ccordance wlth the provislons appllcable to companles subjecl to the small companies, regime and In accordance with FRS 102 'Th8 Flnanclal R8POrting Standard applicable in the UK and Republlc of Ireland,. Page 12
Sl Columb's Park Reconclllatlon Trust Company Ilmlted by guarantée These financial statements were. approved by the board of directors and authorised for Issue on 29 November 2023 and are signed on behalf of the board by: -WICLvk, McKlnnay Dlrec or Th• attachod note8 forni part of these accounts. Page 13
St Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Statement of cash flows (contlnued) Year ended 31 March 2023 Group Charlty 2023 2022 2023 2022 Cash flows from operatlng actlvltles Profit for the fln8nclal year 3,918 55,049 3,918 55,049 Adjustments for.. Depreciation of tanglble aBset8 other Inter881 receiv8ble and slmSlar income Accrued expens881(Income) Rounding 30.896 1301) 4,217 32,17S (331) 8,526 29,734 (202) (650) (1) 31,013 (305) 7,215 (2) Ch8nges in.. Trade and other debtors Trade and other creditors (40.016) 4.312 4.611 361 (44,920> <6,088) Cash generated from operations 3.026 100,391 (12,121) 86,882 Interesl recelved 301 331 202 305 Nel cash from operatlng actlvltles 3,327 100,722 11,919 87,187 Net Increasel(decrea8e) In Cash and cash equlvalenls Cash and cash equlvalents at beglnnlng of year Cash and cash equlvalents at and of year 3,327 330,720 100,722 229,998 (11,919) 246.338 87.187 159,151 17 334.047 330,720 234,419 246,338 Page 14
St Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Notes to the flnanclal statements Year endèd 31 March 2023 General Infomiallon The charlty is a public bènefit èntlty and a pilvate company limlled by guarantee, registered in North8rn Ireland and a registered charity in Northem Ireland. The address of the reglst8r8d offlce Ss St Columb's Park House, 4 Limavady Road, DerrylLondonderry, BT48 1JU. Accountlng pollcles Ba818 of preparatlon and Statèment of Compllance The financlal st81emenls have been prepared in accordance with Accounllng and Reportlng by Ch8ritles.' Statement of Recommended Practlce 8pplicable to ch8rltles preparing thelr 8ccount8 in accordance vAth the Flnanclal Reportlng Slandard appllcable In the UK and Republlc of Ireland (FRS 102) (effective l January 2019) (Charities SORP (FRS 102)). the Flnanclal Reporllng Slandard appllcable In the UK and Republic of Ireland (FRS 102) and the Companles Act 2006. The financlal statoment8 are prepared In st8rllng. which is the fun¢tlonal currency of the entily. Golng concern There are no material uncertainties aboui the charitys ability to coniinue. Group flnanclal 8tatem•ril4 The financlal stalemenls consolidate the results of the charity and Its wholly owned subsldlary on line-by-llne basi8. The subsidiary company is detailed below. Subsldlary Name Company Numb•r Parent Company Control 100 /0 Shareholder St Columb's Park Hou88 Llmlted N1031899 Income All income is included in the ststement of financl81 activilies when entitlement has passed to Ihe charlty, it is probable that the economic benefils assoclated wlth the transaction will flow to Ihe charlly and the amount can be rellably measured. Incom8 represents the total valu8 of granis received and receivable as well as other Income arislng from other operatlng 8Ctivities durlng the year. Income from government and other granls, whether 'capltal' gr8nts or 'revenue' grants, Is recognised when the charily h85 entillement to the funds, any performance conditlons attached to Ihe grants have been met, itls probable that the income will be received and Ihe arnount can be measured reliably and Is not deferred Interest rècelvable Interest on funds held on daposit is included when receivabl& and the amounl can be measured r81iably by the charity,, Ihls Is nomially upon notlfication of the interesl paid or pay8ble by th8 Bank. Page 15
Sl Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Notes to the flnanclal statements {contlnued) Year ended 31 March 2023 Expendlture Expenditure is recognised on an accruals basls as 8 liabillty is Incurred. Expendllure Includes any VAT whlch cannot be fully recoiiered, and is dassified under headings of the stalement of financial aclivlties to which It relates.. expenditure on raising funds Includes Ihe costs of 811 fundraising activities, event8 and non-charitable trading actlvltles. expendlture on charitable actmties Includes all costs Incurred by a charity In undertaking activities that further Its charitable aims for the benefit of Its beneficiaries, Includlng Ihose support costs and costs relating to the governance of the charlty apportioned lo charitabl6 actlvilies. other expenditure Includes all expendllure that is nelther related lo raislng funds for Ihe charlty nor part of Its expancliture on charllable 8Ctivitles. All cost8 are allocated lo expendlture categories raflectlng the use of Ihe resource. Dlrect cost8 Bttribulable to a single activity are 811ocBt8d dire¢lly to that activity. Shared costs are apportioned between the activllles they Lontribute to on a reasonable, lustiflable and conslstenl basls. Taxatlon During the current year the company has only been involved in charitable 8Ctlvilies In further8nce of118 charitabl8 objecls and Is nol liable to Income Tax or Corporation Tax. Tanglble assets Tanglble assets 8re Inilially recorded 8t cost, and are subsequently stated at cost less any accumulated depreclatlon and impairment losses. Any tangible assets C8rried at r8valued amounts are recorded at Ihe falr valu& at the date of revaluation less any subsequent accurnulated depreclallon and subsequ8nt accumulated Impairment losse8. Depr6clatlon Depreclation Is calculated so as lo wrile off the cosl or valuation of an 8sset, less its resldual value, over the useful economlc life of that asset as follows". Long leasehold property Fixtures, filtings and equipn)ent Cafe fixtures and fittlngs Computer Equipment straight Ilne 200 straight line 25% straight Ilne 33.3% slraight line If there is an indication that there has been a significant change in deprecialion rate. useful life or residual value of tangible assets, Ihe depreciation is r8vised prospecliv8ly io reflect the new eslimales. Flxed asset Investments Flxed 833et inve3tments ore inltially recorded at cost, and SLJbsequently 51al8d al c05t less any accumulatecl Impaiment losseg. Llsled Inveslments are measured at fair value with changes in falr value being recognlsed In profit OT Ioss. Page 16
St Columb's Park Reconclllatlon Tfllst Company Ilmlt8d by guarantee Notes to the flnanclal ststements (cohtlnuedl Year ended 31 March 2023 Investmen18 In a6soclates Inveslmenls in associates accounted for In accordance wlth Ihe cost model 8Te recorded at cost less any 8ccumulated Impalrment losses. Investments In 88socl8les eccounted for in accordance with the falr value model are Init5ally recorded at the Iransactlon price. At earh reporting date, the investments are measured at falr value, with changes In falr value recognised In other comprehensive incomelprofil or loss. Where It is Impracticable to measure falr value raliably wllhoui undue cosl or effort, the cost model wlll be adopted. Impalrnient A revlaw for indlcalors of 5mpairment Is carried out at each reportlrvJ dat6, wbth the recoverable amount b8ing estimated wher8 such Indlcators 8XlSt. Where lh8 carrwn9 value exceeds the recoverable 8mounl, Ihe 888et Is impaired accordlngly. Prlor impalrment8 are also reviewed for posslble revers81 at 88ch reportlng date. Government gran1$ Govemmenl grants are recognised at the falr value of the asset received or receivable. Grants are not recognlsed until Ihere is reasonable assurance that the company will comply wllh the condltlons attachlng to them and the grants will be received. Govemmeni grants are recA)gnlsed uslng the accnjal model. Under the accrnal model, government grants relating to revenue are recognlsed on a systematic b8818 over the perlods In whlch Ilie company recognises the related costs for which the grant Is Inlended to compensate. Grants Ihat are recelvable as compensallon for expenses or losses already incurred or for lh8 purpose of glvlng Imrnedi8te Ilnancl81 support to Ihe enllty with no future related costs 8re recognised In Income in the perlod Sn which it becomes receivable. Flnanclal Instrument8 A fln8nclal asset or 8 flnanclal liabllily is recognlsed only when the company becomes a party to the contr£clu81 provlsions of the Instrument. Basi¢ financial Instrument< are initially recognlsed at Ihe transaction price. unless the arrangement constltutes a financlng transactlon, where It Is recognlsed at the presenl value of Ihe fulure paymenlg dlscounted al a market rate of Inlerest for a 8imil8r debt Inslrument. Employé• benellts When employees have rendered service to the company. short-term employee benefits to whlch the employees are entltled 8re r8cognlsed at the undiscounted amount expected to be paid in exchange for that service. D8fin8d contribulion plans Conlribullons to defined contribution plans are recognised as an expense in the period in whlch thè related seNlce is provlded. Prepaid contributions are recognised as an asset to the extenl that the prepayment wlll lead to a reductk)n in future payments or a cash refund. Pagg 17
St Columb'8 Park Reconclllatlon Trust Company Ilmltsd by guarantee Notes to the flnanclal statemanls (contlnuedj Year ended 31 March 2023 Llmlted by guarantee St Columb's Park Reconciliation Trust Is a reglstered charlty limited by guarant8e without a share C8pIt81. HMRC Charity Reference Number,. X01144-93 N.1. ChArlty Commlsslon Reglstratlon Numb8r: NIC103557 Fund8 Unrestricted Revenue Funds - comprise those revenue funds which th8 management commlt18e are free lo use in accordance wllh the cornpany obleclfves, Restrictèd Revenue Fund8 - comprise those revenu6 funds whlch have been given for partlcular purposes and projects. Unrestricted Capllal Funds comprfse those net assets which the trust is able to 8pply freely In pursult of its own charitable objectlves and relaled purposes. Restricted Caplt81 Funds - comprise Ihose net assets whlch at the end of the accounllng period hav8 speclflc grant and other condltlons restrlctlng either Ihelr use or their disposability for defined p8riods. Deslgnated funds - comprise of unrestricled funds of the charity which th8 trusl869 have decided at their discretion to set aside lo use for a specific purpose. Net Income Thls Is stated after Gh8rgln91(crediling)'. Group 2023 Group 2022 Charlty 2023 Charlty 2022 Depreclation of tangible as4els Impalrnient of tr84Je debtors Fees payable for the audll of the Ilnancial statements 30,896 32,175 571 29,734 31,013 6,198 7,072 4,056 5,122 Pay 18
St Columb's Park Reconclllallon Twst Company Ilmlted by guarantee Notas to the flnanclal statements (contlnued) Year ended 31 March 2023 Staff costs The averag8 number of porsons employed by the company during the year, Including Ihe directors, amounted to: 2023 2022 Management and finan¢8 St8ff Programme staff House staff 10 14 The aggregale payroll cosls Incurred during Ihe year were: 2023 2022 Wages and salarSes Social securlty cosls Other penslon costs 196,506 13.206 9,765 250.030 19.416 13,910 219,477 283,356 No employee has received employee benefits of rnore than £80,000 (2022 - None) None of the trustees have been paid any remuner8tlon or recelved any oth8r payment from an employment with the charity or 8 related party. None of the Irustees have had expenses relmbursed In Ihe year. The key managemenl personnel for the par8nt charity and the group are the trustees, the Operatlons Manager, Ihe Flnance Manager and the Finance Officer. The total employees benefits of Ihe key management personnel of the trust were £65,909 (2022 - £64.843) Page 19
St Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Notes to the flnanclal Statements (contlnued> Year ended 31 March 2023 7, Income Group Restrfcted Re8trlcted Funds Funds 2023 2022 Charlty Restrlcted Restrlcted Funds Funds 2023 2022 Incomlng from charltable actlvltles DCSDC - Cora Fund & Core Utilities Dery Clty & Str8b8ne District Coundl- DCSDC - Ground Improveménts DCSDC- PCSP Chlldren In Need Communlty Relations Council - Core CTrOperalion Ireland . Natlon81 Cit128n$ Co-operatlon Ireland - Future leader8 Blg Lottery Fund - Tiny gardens Blg Lottery Fund - 8LOOM project Joseph Rowntr88 Charitable Trust Northern Ire18nd Offlce - Currynlerln Support Northern Ireland Offlcè- Keeplng people Northern Ireland Office - Ch8ll&nglng Youth Garv8gh People's Forest The Communlty Foundatlon Nl The Community Foundatlon-'Civlc The Communlly Foundaik)n Nl- Techies in The Executive Office - Peace In Ihe Park PHA IFI PYD Prolecl Arts Council ol Northern Ireland Rank Foundation PBNI Education Authorlty Dep8rtmenl of Forelgn Affalrs Deparlmenl of Justice Various small grants 4.CM)O 2,300 4,000 2,300 500 26,522 500 26.522 9,997 42,027 44,444 30,668 9,997 42,027 44.444 30,668 21.737 21,737 7,025 9,060 47.371 12,500 31,583 28,305 7,025 9,060 47,371 12,500 31,583 28,305 27,500 30,054 27,500 30,054 36,185 36,904 4,500 68,688 36,385 36,904 4,500 68.688 9,226 9,226 17,172 10,000 1,140 4,958 86,262 6.579 33.000 9.750 17,172 10,000 1,140 4,958 86.262 6,579 33,000 9,750 42,652 5,600 92,224 42,652 5,600 92,224 6,(X)O 25,000 6,000 25,000 12,362 12,362 4.935 8.521 4,935 8,521 2,000 2,000 Governmenl Covld Funding HMRC JRS Grant Total 21.346 9,903 532,102 377.052 377,052 Page 20
St Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Notes to the flnanclal statements (contlnued) Year ended 31 March 2023 Group Charlty Unrestrlcted Unreslrlcted UnrestrlctÈd Unrestrlcted Funds Funds Funds Funds 2023 2022 2023 2022 Incomlng from charllable actlvllle8 Gov8rnment Covld Fundlng DFE Buginess Support Grant 10,0 Group Chorlty Unrnstrlcted Unrestrfcted Unrestrlcted Unre8trlcted Funds Fund8 Funds Fund8 2023 2022 2023 2022 Income from other tradlng actlvltles Room Hlre Accommodation Catering S8rvlce Charges Cafe Rent other Income Total 59,977 36,338 6,344 3,375 1,120 10,287 117,441 38,261 9,031 245 3.925 3,800 10,047 525 54,652 55,177 48,151 48.151 Investment Incom8 Bank inleresl received 301 331 202 305 305 Page 21
st Columb's Park Reconclllallon Trust Company Ilmlted by guarantee Notes lo Ihe flnanclal 6tatemenl8 {contlnued) Year ended 31 klarch 2023 Expendltura Group 2023 Group 2022 Charlty 2023 Charlty 2022 Expendltur• on Ralslng Fund8 Wages and salarie5 Employ8r's social securlty contrlbullons Staff penslon cosls - d8finod conlrlbutlon R8tes Insurance Light and h8at Repslrs and malntenance Prlntlng, postage and slatioiery Telephone Tr8velling and entertalnmeril Legal and professlonal Auditors remuneration Bad debts 8ank charges General expenses Sub8crlpiions Depreclatlon Total 18,470 2.348 2,041 4.629 3,615 10,860 8,274 5,244 3.316 121 6.109 4,229 3,657 1.595 3,496 2,892 8,982 2,516 3.735 50 2,680 7,072 571 104 418 168 1,162 49,436 635 3,300 300 2,359 6,198 88 4,056 5,122 419 525 1,162 224 28 Expenditure on raising funds was £67,576 (2022 - £49,436) of whlch £66,641 was unre8trlcled (2022 - £33,773) and £935 r8slrlLled (2022 - £15.663>. Page 22
St Columb's Park Reconelllatlon Trust Company Ilmlted by guarantee Notes to the flnanclal statements (contlnued) Year ended 31 March 2023 9. Expendllure Group 2023 Group 2022 Charlty 2023 Charlty 2022 Expendlture on Charltable A¢tlvltle6 Wages and salar18S Employevs soclal securlty conlrtbulions Staff penslon costs - defined contribution Llght 8nd heat Repalrs and maintenance Prlnting, Postage and statlonery Travelllng and entertalnmenl Programme Cosls Bank charges General exp8n808 Charltable donatlons Depreclatlon of tanglble assets Total 178,036 10,858 7,724 18,919 14,650 509 243,921 15.187 10,253 20,573 2,707 898 295 188,947 313 593 178,036 10,858 7,724 18,919 14,650 509 243,921 15,187 10,253 20,573 2,707 898 295 188,947 313 593 162,134 297 439 162,134 297 439 29,734 423.300 31.013 514,700 29,734 423,300 31.013 514,700 Expendllure on charitable activities was £423,300 (2022 - £514,700) of whSch £36,162 was unrestrlcled {2022 - £29,219) and £387,138 restricted (2022 - £490,481). Page 23
St Columb's Park Reconclllatlon Trust Company Ilmlted by guarante6 Notes lo Ihe flnanclal statements (contlnuad> Year ended 31 March 2023 10. St Columb's Park House Llmltad The wholly owned subsldiary St Columb's Park House Llmlled is Incorporated in Northern Ireland (company number N1031899). Sl Columb's Park Houses Llrniled is a not for proflt Peace and Reconclllalion Centre which cov8nants any proflt to the parent. A summary of the financl81 results Is shown bèlow. The summary flnanclal perfomance of the subsldlary alone Is.. 2023 2022 Income Expenditure Net Incomlng resources for the year 116.916 (116,916) 86,752 (86,752) The a88els and liabilities of Ihe subsldiary were: Flxed Assets Current Assets Currenl liabllilies Long term liabllities Net assets 291 113,904 <114,095) 1,454 96,375 (97,729) 100 100 Total Shareholder Funds 100 Page 24
St Columb'8 Park Reconclllatlon Trust Company Ilmlted by guarantee Notes to the flnanclal statements (contlnued) Year ended 31 March 2023 11. Tanglble 888et8 Long Fixtures, Compuler leasehold fittings and Equipment property equlpment Total Co8t At 1 April 2022 Addillons Dlsposals 1,297,224 132,772 53,922 1,483,918 At 31 March 2023 1.297.224 132,772 53,922 1,483.918 Depreclatlon At 1 Aprll 2022 Charge for Ihe year 461,048 25,944 118,572 3,414 49.049 1.537 628.669 30.895 At 31 March 2023 486,992 121,986 50,586 659,564 Carrylng amount At 31 March 2023 810,232 10,786 3,336 824,354 Al 31 March 2022 836.176 14,200 4,873 855,249 Leasehold lend and bulldlngs represents the written down value of capit8118ed renov8tlons and refurblshed works carrled out to the property at St Columb's Park House. The costs Wer8 enllrely grant alded In previous financlal years. St Columb's Park House Centre Is owned by Derry Clty and Strabane Distrlct councll aDd so no costs of the existing building or Ihe18nd on whlch il Is situated is reflecled In the financlal Statements of St Colurnb's Park Reconclllallon Trust. Derry City and Slrab8n8 Distrlct councll has awarded the Trust a new 50 year lease on the bulldlng, whlch ends In Ihe year 2063. Included In fixlure8. fitlinqs and equipment Is cafe fixtures, fittings 8nd equlpment whlch are depreclated at 25•A stralghl Ilne. Page 25
St Columb's Park R8conclllatlon Trust Company Ilmlted by guarantee Notes to the flnanclal statements {contlnued) Year ended 31 March 2023 11 la). Tanglble assets - Charlty Long Fixtures. Computer leasehold fittings and Equlpm8nl property equlpment Total C08t At 1 April 2022 Dlsposal8 At 1 Aprll 2022 and 31 March 2023 Depreclatlon At 1 AprS12022 Charge lor th8 year At 31 March 2023 1,297,224 128.123 53,922 1,479.269 1,297,224 128,123 53,922 1,479,269 461,048 25,944 115,376 2,252 49,049 1,537 625,473 29,733 486.992 117.628 50,586 655,206 Carrylng amount Al 31 March 2023 810,232 10,495 3,336 824,063 At 31 March 2022 836,176 12.747 4,873 853,796 12. Group Undertaklngs The charity holds 100 shares of £1 each In Ihe wholly owned subsldlary company St Columb's Park House Llmited. These are the only shares allotted, called up and fully pald. The subsidlary company Is Incorporated In Northern Ireland. The fin8nclal results for thls company are summarlsed In nole 10. 13. Debtor8 Group 2023 Charfty 2023 2022 2022 Trade debtors Prepayments and accrued Income Oth8r debtors 121,033 890 80,722 1,185 107,488 258 96.549 69,787 227 89,361 121,923 81,907 204,295 159,375 Page 26
St Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Notes to Ihe financlal Statemenls (contlnued) Year ended 31 March 2023 14. Credltors: amount8 falllng due wlthln one year Group 2023 Charlty 2023 2022 2022 Trade credStors Accruals 8nd def8rr8d income other creditors 7,072 27,462 2.760 23,245 16,987 100 17,638 100 34,534 26,005 17,087 17,738 15. Employee beneflts The amount recognlsed In profll or loss In relalion to definecl contributlon plans was £9,765 {2022., £13,910). Page 27
St Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Note5 to Ihe flnancial statemenls (conllnued) Year ended 31 March 2023 16. Analysls of charltsble funds Analysls of movements In group unre8trlcted funds 8alance at Incomlng Resources Transfer Funds at 1 Aprll 2022 Resourc•6 Expended between 31 March Funds 2023 General Fund Designated Fund 130.697 130.000 117,742 (102,803) (20,290) 125,346 5,000 135,000 260,697 117.742 (102,803) (15,290) 260,346 Analy818 of movements IN chartty unre8trlcted funds Balance at Incomlng R¢8ources Transfer Funds at 1 Aprll 2022 Resource8 Expended Betwoen 31 March Funds 2023 General Fund Deslgnated Fund 130.697 130,000 55,379 (40,440) {20.290) 125,346 5.000 135,000 260,697 55,379 (40,440) (15,2901 260,346 Analysls of mov•m•nts In group re8trlct•d lunds Balance at Incomlng Resources Transfer Funds at 1 Aprll 2022 Resource8 Expended Between 31 March Funds 2023 Restricted Fund 981,175 377,052 (388,073) 15,290 985,444 981,175 377,052 (388,073) 15,290 985.444 Page 28
St Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Notes to the flnanclal slatements (contlnued) Year ended 31 March 2023 Analy81s of movements In charlty re8trlcted funds Balance at Incomlng Resources Transfer Funds at 1 Aprll 2022 Rosources Expended Between 31 March Funds 2023 Restricted Fund 981.175 377,052 (388.073) 15.290 985,444 981,175 377,052 (388,073) 15,290 985,444 Analy818 of group nat assets between funds General DeslgnatedR88trlct8d Fund Fund Fund Total 816,966 824.354 64,789 334,047 107,488 121,923 (3,799) (34,534) Fixed Assets Cash at bank and In hand Other current assets Current liabilities 7.388 134,258 14.435 {30.735) 135,000 Total 125.346 135,000 985.444 1,245,790 17. Analy81s of chang•8 In net debt Group changes In cash and cash equlvalents At 1 Aprll Cash flows At 31 March 2022 2023 Cash and cash equrvalents 330,720 3,327 334,047 Charlty changes In cash and cash equlvalent8 At 1 April Cash flovts Al 31 March 2022 2023 Cash and cash equivalents 246.338 (11,919) 234,419 Page 29