St Columb's Park Reconelllatlon Tru81 Trustees. Annual Report for the Year Ended 31 March 2023 Partnership building is increasingly important in these challenging times. We welcome the posilive P8rtner8hlp we have wth our Ioc81 Council, as well as the many communlly and voluntary organls81ions we collaborale with. Our relationship with the Probalion Board has grown slgnlficantly and we are very grateful lo all the individuals who cornplete their community serwce placements at SCPH as part of our team,, Ihelr hard work supports our staff in re81ising our mission lo 'lo empower for local cilizens to becorne changemakers, peace builders and community leaders,. We are Indebted to our group of detjlcated and committed volunteers who give so wlllingly of Ihelr lime and energy in the development of the walled garden The Trust contlnue to develop and dellver our 5 year Strateglc Plan, followlng on from exl&nslve consultstion and research. The Slrategic Plan encapsulates much of the rich reconciliation Journey travelled by the Trust to date and broadens this to incorporate a new sustalnable vislon ware every indivldual who 18kes part in our proJ8cls embarks on a journey where they can start to reallse their potentlal as ¢hangemakers, peacebullders 8nd valued citizens. The loumey through the years of restrictions, lockdowns, Isolating 8nd shleldlng h8s created a new appreclation of the Outdoors and the many benefits thal our natural environment offers,, The Trust Is privlleged to have the beaullful grounds and walled garden as part of our offer provldlng the opportunity to contlnue 'in person, 8clivilies In a safe and healthy way for our participants,. the benefits of this have exceeded our participants èxpectatlons. Related Partlos St. Columb's Park Reconclllatlon Trust Limlted has a wholly owned subsldiary company (Sl. Columb's Park House Limlted) whlch operates and wns the Sl. Columb's Park Centre for and on behalf of the Trust. 11 covenants all profits to St. Columb's Park Reconclllallon Twst Limited for Ihe pursuit of Its charllable alms. Rèsults and révlèw of tha buslnes8 The company Is a non-profit maklng organi88tlon. The results are Set out In detall on pages 7 to 29. The company returned a nel movement In funds of £3.918 {2022: £55,048 ) after olhar recognised galns and ReseThes pollcy The Trustees have reviewed the reserves of the company. This review encompassed the nature of the Income and expendlture streams, the need lo match variab18 income with fixed commltments and lh8 balance and nature of the reserves themselves. St Columb's Park Reconclllallon Trusl alms to maintain adequale r8s6rves to enable us to manage financial iisk and deliver on our commitments. Our Reserves Policy is to ensure Ihat there is no dlsruption to our services at short nolice. due to lack of funds, an unforeseen reductlon In income or an Increase in expenditure. whlle at the same time ensuring thal reserves are no higher Ihan necessary and not rel8ined for longer than required. This gives time in Ihe event of a drop Sn funding to seek alternat5ve funds, restructure and cut costs whllst continulng io provlde a servlce, and our aim Is to malntsin a level of general reserves to meet Ihe ongoing working capital requlrements of the organlsatk)n, The Trustees have forecast the level of free reserdes {that Is those lunds not tied up in flxed assets, an(J designated and reslrlcled funds) that the chadty wlll requSre to suslain its operalions and meet ils fin8ncSal obligations over future p8rlods. They are satisfled ihat the reserves held are more than adequate for Ihese purposes and will contlnue to monitor And review tha lunds hold to enguro Ihat th8 Èxisttno and futijra charit#bla 2ctivillèg of tha organisation can be funded from its resources. Deslgnated funds (unrestrlcted) for the group - are those unrestrlcted funds thal have been allocaled by the TTuslees for specific purposes. The Truslees have design8led £135.000 {2022: £130,000) of the free reseNes to cover a 6 month working c8pIt81 buffer facility, for potential redundancy costs and pending essentS81 ¢apitsl repalr works. Page 3
St Columb's Park Reconclllatlon Twst Trustees. Annual Rèport for the Year Endèd 31 March 2023 Rlsk managèment The trustees have examined the major strategic, business and operational risks which Ihe charity faces and confirm Ihat the systems have been eslablishéd to enable regular reports lo b8 produced so that Ihe necessary steps can be laken to lessen Ihese risks. Statèmènt of Trustees Responslbllltlés The charity trustees {who are also the Directors of the St Columb's Park Reconcillation Trust for Ihe purposes of company law) 8re responslble for preparlng 8 trustees, annual report and flnanclal statements In accordance wlth 8pplicable 18w and United Kingdom Accounting Standards (Unlted Kingdom Generally Accepted Accounllng Practice). Company law requlres the Iruslees to prepare financlal ststernenls for each financi81 year whlch glve a true and falr view of the state of affalrs of the charitable company and of the profit or loss of the comp8ny for that In preparlng Ihesa the trustees are requlred to.. select sultable accountlng policles and apply them conslslently. make judgemen18 and estlm8tes that are reasonable 8nd prudenl: observe the methods and prlnclples In Ihe Charltles SORP: slate whether 8ppllcable UK accounting standards have been followed, subject to any mater181 departures discloged and explained in the financlal statements: prepare the financial statements on the going concern basis unless it Is Inappropriate to presume thal the company wlll conllnue In buslness. Th8 trusle89 are responslble for keeplng proper accountlng records which dlsclose wllh reasonable accuracy at any tlme the flnancial posllion of the company and to enabl8 them lo ensur8 that the flnancial statements comply wilh the Companle8 Act 2006. They are also responslble for 8afeguardlng the assets ol the company and hence for 18king reasonable steps for Ihe prevenllon and detectlon of fr8ud 8nd other Page 4
st Columb's Park Reconclllatlon Trust Trustees. Annual Report for the Year Ended 31 March 2023 Audltors Each of the persons who Is a twstoe at the date of approval of this report confirm that: so far as each trustee Is aware, there is no relevant audit Informats'on of whlch the companvs 8udltor is unaware., and Ihey have taken all steps ih81 thoy ought lo have taken as a director to make themselves aware of any relevant audll Informatlon and to eiJtablish that th8 companls audilor Is aware of that Information The audltor Is deemed to have he8n r8-appolnled in accordance With section 487 of the Compan18s Act Small company provlslons Thls report has been prepared li) accordance wlth the provlslons applicable to companles 8ntitl8d to Ihe Small companles exemption. These Financl81 Statements wero approved by the board of directors and authorSsed for Issué on 29 November 2023 and are signed on behalf of th6 board by: McKlnney Dlrector Page 5
St Columb's Park Reconclllatlon Trust Company Ilmlted by guarantee Independent audltorfs report to the members of St Columb'8 Park Reconclllatlon Trust (contlnued) Y8ar ended 31 March 2023 Oplnlon We have audited the financlal statements of St Colurnb's Park Reconcili81ion Trust for the year ended 31 March 2023 which comprise Ihe Consolidated Statemenl of Financial Aclivilies, Company Statement of Financlal Aciivltles, Consolidated Balance Sheet, Consolldated Statement of Cash Flows and notes to the financial stalemenls, Including a summary of significanl accounllng policies. The financlal reporflng ffamework Ihat has been appli9d In their preparatlon is applicabb law and United Klngdom Accounting Standards, Including FRS 102 Th9 Flnancial Reporting StaTJdard applicable In Ihe UK and Republic of Ireland (United Klngdom Generally Accepted Accounling Practice). In our opinlon, the financlal ststements.. glve 8 true and falr view of the state of the group's and of the parent companvs affalrs as al 31 March 2023 and of the group profit for the year Ihen ended: have been properly prepared in accordance with Unlted Klngdom Generally Accepted Accountlng PractiC8', and have been prepared In accordance wllh Ihe requirements of the CompanSes Act 2006. Bas18 for oplnlon We conducted our audll In accordance wllh International Stsndards on Audltlng (UK) (ISAS (UK)18nd applicable law. Our responslbililies under Ihose slandafds are further described In the audltor's responslbllitles for the audit of Ihe linancial stalemenls section of our report. We are independent of the company In 8ccordance wlth th8 ethlcal requirements that are relevant lo our audlt of the flnanclal statements in Ihe UK, Includlng the FRC'S Ethical Standard, and we have fulfi118d our other ethical responslbllSlles in accordance th Ihese requlrements. We belleve that the audit evldence we have ob181ned is sufficient and appropriate to provlde a basls for our opin50n. Con¢lu81on8 relatlng to golng concern In 8udlling Ihe financial statements, we have concluded that the dlrectors use of the golng concern basls of accounting In the preparatlon of the financial stalements is appropriate. Based on the work we have perfomied, we have nol Sdenlified any material uncertainlies relating to evenls or conditions Ih8t. indlvidu811y or colleclively. m8y cast significant doubt on the companws abllity to contlnue as golng concern for a period ol at least twelve months from when Ihe financlal ststemenls are 8ulhorSsed for issue. Our responsibilities and the respoiislblllti8s of the dlrectors wilh respect to golng concern are described in the relevanl sections of this report. Other Infomiatlon The other Inform81ion cornprlses the Information included In the annual rèport, other than the flnancial s18tements and our audilor's report thereon. The directors are responsible for the olher informatlon. Our opinion on the fln8nclal statements does not cover the other Infomialion and, except to the extent otherwise explicltly slated In our report, we do not express any form of assurance conclusion thereon. In conngctlon wllh our oudii of lh4 financlgl slalements, our re8pongiblllty18 to road tho olhor Inlormation and, in doing so, consider whether the olher infonnation Is malerlally inconsistent with the financial statements or our knowledge obtained in Ihe audil or otherwise appears to be materially misstated. If we idenlify such materlal inconslstenci6s or apparent material mlsstat8ments, we are required to detemiine whether there is a m8t8rlal mlsstatement In the financlal slatements or a material mlsstatement of the other informatlon. If, based on the work we have performed, we conclude that there is a material mlsststement of this other information, we are require(I to report that fact. We hav8 nothing to rèporf in this regard. Page 6