Company registration number: N1027378 St Columb's Park Reconciliation Trust Company limited by guarantee Flnancial statoments 31 March 2024
St Columb'8 Park Reconciliation Trust Company limited by guarantee Contents Page Legal and administrative information Trustees, Report Ind8pendent audito¢s report to the members Consolidated Statement of Financial Activities for the y8ar ended 31 March 2024 10 Company Statement of Financial Activities for the year ended 31 March 2024 11 Consolidated Statement of financial posilion as at 31 March 2024 12-13 Statement of Cash Flow and Consolidated Cash Flow 14 Notes lo the Accounts 15-29
St Columb's Park Reconclliation Trust Company limited by guarantee Legal and Admlnlstratlve Informatlon Status . The organisation is a charitsble company limited by guarantee, incorporated on 01 April 1993 and is recognised as a charity by the Northern Ireland Charity Commission and HM Revenue & Customs. The governing document is the Memorandum and Articles of Association. Under those Articles, the Trusteesldirectors are elected al the AGM to serve a period of 3 years. Direor5 . Ms Laura Canavan Mr Martin Doherty Ms Mary McKinney Mr Dominic Bonner Mr Stephen Mccrudden Ms Sarah Quilty Mr Robin Young (Appointed 25101124) (Appointed 25101124) Managlng Dlrector Mrs Sharon Doherty Accountants & Auditors . Fergus McAteer & Co. Chartered Accounlants Statutory Auditors 31133 Clarendon Street Derry BT48 7ER Maln Bankers . Bank of Ireland 27 Culmore Road Derry BT48 8JB Registered Office . 4 Limavady Road DerrylLondonderry BT48 1JU HMRC Charlty Reference No: X01144-93 N.1. Charlty Commlsslon Registration Number . NIC103557 Page 1
St Columb's Park Reconclliation Trust Trustees. Annual Report for the Year Ended 31 March 2024 The Directors are pleased lo present their annual report together with the financial statements of Ihe Charity for the year ending 31 March 2024 which are also prepar@d to meet the requir8ments for a Directors, report and accounts for Companies Act purposes. The financial statements comply with the Charits'es Act INI) 2008. the Charities {Accounls and Reports) Regulations {NII 2015. Companies Act 2006. the Memorandum and Articles of Association, and Accounting and Reporting by Charities- Statement of Recommended PraGtise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir81and (FRS102) (effective 1 January 2019.1 Directors and trustees The directors of Ihe charitable company (the charity) are the trustees for the purpose of charity law. The trustees during the year and at the 31 March 2024 were as follows: Ms Laura Canavan Mr Martin Doherty Ms Emma Johnston Ms Mary McKinney Mr Dominic Bonner Mr Stephen McCrudd8n Ms Sarah Quilty Ms Eimear Willis Mr Robin Young (Resigned 30 May 2023) (Appointed 25 January 20241 (Appointed 25 January 20241 (Resigned 7 January 2023) Objects and Activities The Company's objects are the advancement of education and of other charitable purposes beneficial to the community in Northern Ireland (the area of benefit) and in particular, but not so as to limit the generality of the foregoing, the advancement of education in and the understanding of the different cultural traditions of the peoples of the area of benefit and the improvement of community relations in the area of benefit. Achievements, Activitles, Perfomiance and Future Plans The year ended 31 March 2024 has been a very busy and productive year for the Trust and House. We continue to look for new ways to build a more peaceful and shared society where everyone in our community can thrive. Our programmes in¢luded'. Ignyte funded by The Intemational Fund for Ireland, Bloom Project funded by the National Lottery Community Fund, The REA Project funded by the Heritage Lottery Fund, Fight for Myself programme based at HMP Magilligan funded by the Triangle Trust, Connecting Communities at the Interface based in Currynierin funded by the Rank Foundation. Future Leaders funded by Co-operation Ireland. Back Lanes Project funded by the Asset Recovery Fund. Moving Peace Forward funded by the International Fund for Ireland. Page 2
St Columb's Park Reconciliation Trust Trustees. Annual Report for the Year Ended 31 March 2024 Our core aims of People Place and Peace represented in all of these programmos and have made significant positive impact within our communities and for many individuals. The use of the outdoors as the platform for many of our programmes provides us with the perfect way to engage a wide range of people from across the City in a shared space. We are grateful for the support from all our funders, who entnjst us with their grants lo make a positive difference to the lives of the people in our communities. The work of the Trust furthers the advancemenl of education in and the understanding of the different cultural traditions of local peoplè and contributes to the improvement in community relations in the local area. Partnership building is increasingly important in these challenging times. We welcome the positive partnership we have with Derry City & Slrabane District Council, as well as the many community and volunlary organisations we collaborate with. We have spent the last 12 months growing our volunteer base and it is their hard work that supports our staff team in realising our mission 'lo empower local citizens to become changemakers, peace builders and community leaders.. We are indebted lo this group of dedicated and committed volunteers who give so willingly of their lime and energy in the development of the walled garden and wider grounds as a community green hub. The Trust continue to develop and deliver our 5 year Strategic Plan, following on from extensive consultation and research. The Strategic Plan encapsulates much of the rich reconcilialion journèy travelled by the Trust to dale and broadens this to incorporate a new sustainable vision where every individual who takes part in our projects embarks on a journey where they can start to realise their potential as changemakers, peacebuilders and valued citizens. Related Partle8 St. Columb's Park Reconciliation Trusl Limited has a wholly own8d subsidiary company (St. Columb's Park House Limited) which operates and runs the St. Columb's Park Centre for and on behalf of the Trust. 11 covenanls all profits lo St. Columb's Park Reconciliation Trust Limited for the pursuit of its charitable aims. Results and review of the buslne88 The company is a non-profit making organisation. The results are set out in detail on pages 10 10 29. The company returned a net movement in funds of £4,752 {2023'. £3.918 ) after other r8cognis8d gains and Reserves pollcy The Trustees have reviewed the reserves of the company. This review encompassed the nature of the income and expenditure streams, the need lo match variable income with fixed commitments and the balance and nature of the reserves themselves. Sl Columb's Park Reconciliation Trusl aims to maintain adequat8 resÈNes to enable us lo manage financial risk and deliver on our commitments. Our Reserves Policy is to ensure that there is no disruption to our services al short notice, due to lack of funds, an unforese8n reduction in income or an increase in expenditure, while at the same time ensuring that reserves are no higher than necessary and not retained for longer than required. This gives lime in the event of a drop in funding to seek alternative funds, restructure and cut costs whilst continuing to provide service, and our aim is to maintain a level of general reserves lo meet the ongoing working capital requirements of the organisation. The Trustees have forecast the level of free reserves {Ihal is those funds not tied up in fixed assets, and designated and restricted funds) that the charity will require to sustain its operations and meet its financial obligations over future periods. They Jre saiisli8L1 that Ihg resorves hold are more than adequale lor these purposos and will continue lo monitor and review the funds held to ensure that the existin9 and future charitable aclivilies of the organi5ation can be funded from its resources. Page 3
St Columb's Park Reconclliation Trust Trustees, Annual Report for the Year Ended 31 March 2024 Designated funds (unrestricted) for the group - are those unrestricted funds that have been allocated by the Trustees for specific purposes. The Trustees have designated £150,000 12023.. £135,000) of the free reserves to cover a 6 month working capital buffer facility, for potenlial redundanGy costs and pending essential Capital repair works. Risk management The trustees have examinéd the major stralegic. business and operational rlsks which the charity faces and confirm thal the systems have been established to enable regular reports to be produced so that the necessary Steps can be taken to lessen these risk5. Statement of Trustees Responslbllltles The ¢harity trustees (who are also the Directors of the St Columb's Park Reconciliation Trust for the purposes of company lawl are responsible for preparing a Irustees, annual report and financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law rèquires the trustees to prepar8 financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the profit or loss of the company for thal In preparing these the trustees are required to.. select suitable accounting policies and apply them consistently., make judgements and estimates that are reasonable and prudgnl- observe the methods and principles in the Charities SORP. state wh81her applicable UK accounting standards have been follow&d, subject to any material departures disclosed and explained in the financial statements.. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continL5e in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They ar8 also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other Pago 4
St Columb's Park Reconclllatlon Trust Trustees, Annual Report for the Year Ended 31 March 2024 Auditors Each of the persons who Is a trustee at the date of approval of this report confirm that.. so far as each trustee is aware, there is no relevant audit information of which the company's auditor is unaware., and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. These Financial Statements were approved by the board of directors and authorised for issue on 30 September 2024 and are signed on behalf of the board by.. tL£. Mr Martin Doherty Director Page 5
st Columb's Park Reconcillatlon Trust Company limited by guarantee Independent auditorfs r8POrt to the membors of St Columb's Park Reconcillatlon Trust (contlnued) Year endod 31 March 2024 Oplnlon We have audited the financial statements of Sl Columb's Park Reconciliats'on Trust for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities, Company Slatement of Financial Activities, Consolidated Balance Sheel, Consolidated Stalemenl of Cash Flows and notes to th8 financial statem8nts. including a summary of significanl accounting policies. Th8 financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the stste of the group's and of the parent companvs affairs as at 31 March 2024 and of the group loss 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 opinlon We conducted our audit in accordance with International Standards on Auditing (UK) IISAS {UKII and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financi81 statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requir8ments. W8 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial stalements, we have concluded that the directors use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the companls ability lo continue as a going concern for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are doscribed in the relevant sections of this report. Other Infomiatlon The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of tho financial statomonts. our rosponsibility is to road tho othor information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audil or otherwise appears to be materially misstated. If we identify such material in¢onslStenGies or apparent material misstalements. we are required to determine whether there is material misstatement in the financial statements or a material misstatement of the oth8r infomiation. If, based on the work we have performed, we conclude that thère is a material misstatement of this other information. we are required to report thal faGt. We have nothing to report in this regard. Page 6
St Columb's Park Reconciliation Trust Company Ilmited by guarantee Indepèndent auditorfs report to the members of St Columb's Park Reconclliatlon Trust (contlnuedl Year ended 31 March 2024 Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on Ihe work undertaken in the course of the audit: the information given in the directors, report for the financkql year for which the financial statements are prepared is consistent with the financial statements.. and the direGtors' report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to r8POrt by exception We have nothing to report in respect of the following matters where the Companies Act 2006 requires us lo report to you if. in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not b08n received from branches not visited by us., or the financial statem8nls ar8 not in agreement with the accounting records and the returns,. or certain disclosures of directors, remuneralion specified by law are not made., or we have not received all the information and explanations we require for our audit. or the directors 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 directors, report and from the requirement to prepare a strategic report. Responsibilttles of dlrectors As explained more fully in the directors, responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable Ihe preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the directors either intend to liquidate the company or to Cease operations, or have no realistic alternative but lo do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditor's report that 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 alway5 detect a material misstatement when it exists. Misstatements can aris8 from fraLsd or error and are considered material if. individually or in the aggregate. they could reasonably be expecled lo influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procaduras are capabl8 of detecting irregularitl8S, including fraud is detailed below.. Identlfylng and assesslng potentlal risks related to Irregularitlos In identifying and assessin9 risks of material misstatement in respe¢t of irregularities. including fraud and non-compliance with laws and regulations we considered the following.. the nature of the industry and sector and control environment Page 7
St Columb's Park Reconciliation Trust Company Ilmited by guarantee Independant auditorfs roport to the members of St Columb's Park Reconciliation TfU5t (contlnued) Year ended 31 March 2024 the legal and regulatory framework applicable" the results of our enquiries of management and other key persons about their own identification and assessment of the risks and irregularities the charity own policies and procedures on compliance with laws and regulations including any instances of non-compliance. Audit response to risk identified As a result of performing the above we identified and performed the following procedures enquiry of management, those charged with governance around a¢lual and potential litigation and claims. enquiry of entity staff in compliance functions to identify any instances of non-compliance wth laws and regLtlations. reviewing financial statement disclosures and testing to supporting d¢xumentation to assess compliance with applicable laws and regulations. perfomiing analytical procedures to id8ntify any unusual or unexpected relationships that may indicate risks of materhal misstatement due to fraud. auditing th8 risk of management override of controls, including through testing journal entries and oth8r adjustments for appropriateness, and evaluating the busin&ss rationale of significant transactions outside the normal course of business. As part of an audit in accordance with ISAS (UK), we exercise professional judgmenl and maintain professional scepticism throughout the audit. we also- Identify and assess the risks of rnalerial misststement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misslatemenl resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery. intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. Conclude on the appropriateness of the directors use of the going concern basis of accounting and. based on the audil evidence obtairsed, whether a material uncertainty exists relaled to events or conditions that may cast significant doubl on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists. we are required to draw attention in our auditor's report to the rèlated disclosures in the financial stat8m8nts or, if such disclosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern. We communicate with those charged with governance regarding, among other matters, the planned scope and liming of the audit and significant audit findings. including any significant deficiencies in internal control that we idenlity during our audit. Page 8
St Columb's Park Reconciliation Trust Company limited by guarantee Independent audltoes report to the members of St Columb's Park Reconcillatlon Trust {¢ontlnued) Year ended 31 March 2024 Use of our report This report is made solely to th8 charitvs 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 charitys members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone olher than the charity and the charivs members as a body. for our audil work. for this report, or for the opinions we have formed. Conor McAteer (Senior Statutory Audilorl .5 CATE& CHAATERED For and on behalf of Fergus McAteer & Co. Chartered Accountants and Statutory Auditors 31133 Clarendon Street Derry BT48 7ER 3 0 SEP 2024 Page 9
St Columb's Park Reconciliation Trust Company Ilmited by guarantee Consolidated Ststement of Financial Activities Ilncludlng consolldated Income and expendlture account) for the Yoar Ended 31 March 2024 Unrestricted Restricted Funds Funds Totals 2024 Totals 2023 Notes Income and endowments Donab'ons and legacies 304.042 304,042 377,052 Other trading activits'es 108,397 108,397 117,441 Inveslment income 1,266 1,266 301 Totsl Income 109,663 304.042 413.705 494,794 Expèndlture Charitable activities 20.291 315,356 335.647 423,300 Raising funds Total expenditure 79,302 3,510 318,866 82,812 418.459 67,576 490.876 Ngt incomel(oxpenditur8) 10,070 (14,824) (4,754) 3,918 Transfer between funds 103,286 (103,286) Net movement in funds 113,356 (118,110) (4.754) 3.918 Reconcillation of funds Total funds brought forward at 1 April 2023 260,346 985,444 1,245,790 1,241,872 Total funds carried forward at 31 March 2024 373,702 867,334 1,241,036 1.245,790 The stat8m8nt of financial activiti8s includes all gains and Ioss8s recognised in the year. All income and expenditure derive from continuing activities Page 10
St Columb's Park Reconciliation Trusl Company limited by guarantee Charity Statement of Financial Activities (Includlng income and expenditure account) for the Year Ended 31 March 2024 Unrestricted Restricted Funds Funds Totals 2024 Totals 2023 Notes Income and endowments Donations and legacies 304.042 304,042 377.052 Other trading actiwties 36,479 36,479 55,177 Inveslment income Total income 574 574 202 432,431 304,042 Exp8ndlture Charitable activities 20,289 315,356 335,645 423.299 Raising funds Total expenditure 6,693 26,982 3,510 318,866 10.203 345,848 5.215 428,514 Net incomel(expenditure} 10.071 114,8241 14,753) 3,917 Transfer between funds 103,286 (103,2861 Net movement in funds 113.357 (118,110) {4,753) 3,917 Reconciliation of funds Totsl funds broughl forward at 1 April 2023 260,345 985,444 1.245,789 1,241,872 Total funds carried forward at 31 March 2024 373,702 867.334 1,241,036 1,245,789 The statement of financial activities includes all gains and105ses recognis8d in the year. All income and expenditure derive from continuing activities Page 11
St Columb's Park Reconciliation Trust Company limited by guarantee Consolidated Balance Sheet as at 31 March 2024 Group 2024 Group 2023 Charity 2024 Charity 2023 Notes Fixed Assets Tangibl& Assets Investments Total fixed assets 11 12 795,265 824,354 795,265 100 824,063 100 824,163 795,265 824,354 Current Assets Debtors Cash at bank and in hand Total current assets 13 35,766 456,655 492,421 121,923 334,047 455,970 111,917 351,916 463,833 204,295 234,419 438,714 Credltors: amounts falllng du• within one year 14 46,650 34,534 18,162 17,087 Net Current assets 445,771 421,436 445,671 421,627 Total assets less current liabilltles 1,241,036 1,245,790 1,241,036 1,245,790 Net assets 1,241,036 1,245,790 1,241,036 1,245,790 The funds of the charlty Restricted funds Unrestricted funds 16 16 867.334 373,702 985,444 260.346 867.334 373,702 985,444 260,346 Total Charity Funds 1,241,036 1,245,790 1,241,036 1,245,790 These consolidated accounts are prepared in accordance with section 398 of the Companies Act 2006 and the Charities Act {NII 2008 and applicable regulations. These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small compani&s' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. Page 12
St Columb's Park Reconciliatlon Trust Company limited by guarantee These financial statements were approved by the board of directors and authorised for issue on 30 September 2024 and are signed on behalf of the board by". Mr Martin Doherty Director The attached otes form part of these a¢counts. Page 13
St Columb's Park Reconciliation Trust Company limlted by guarantee Statement of cash flows (continued) Year ended 31 March 2024 Group Charity 2024 2023 2024 2023 Cash flows from operatlng actlvltles ILoss)Iprofit for the financial year (4,752) 3,919 (4,7521 3,918 Adjustments for.. Depreciation of tangible assets Other interest receivable and similar income Accrued expensesl{inGomel Rounding 29.089 (1.266) 9,503 (2) 30.896 1301) 4,217 28.798 (574) 1,074 (1) 29,734 (202) (650) (1) Chang8s in.. Trade and other debtors Trade and other creditors 86,157 2,613 {40.016) 4,312 92,378 (44,920) Cash generated from operations 121,342 3,026 116,923 (12,121) Interest received 1.266 301 574 202 Net cash from operating activities 122,608 3,327 117.497 11,919 Net Increasel(decrease) In cash and Cash equlvalents Cash and cash equivalents at beginning of year 122.608 334,047 3,327 330,720 117,497 234.419 (11,9191 246,338 Cash and cash equivalents at end of year 17 456.655 334.047 351.916 234,419 Page 14
Sl Columb's Park Reconcilialion Trust Company Ilmited by guarantee Notes to the financlal statements Year ended 31 March 2024 General Inforniatlon The charity is a public benefit entity and a private company Ilmited by guarantee, registered in Northem Ireland and a registered charity in Northern Ireland. The address of the registered office is St Columb's Park House, 4 Llmavady Road, D8rrylLondonderry, BT48 1JU. Accounllng pollcles Basls of preparatlon and Slalement of Compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charili8s pr8paring their accounts in accordance with the Financial Reporting Standard applicabl8 in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019) - (Charities SORP IFRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional curr8ncy of the 8ntity. Golng concern There are no material uncertainties about the charitys ability to continue. Group flnanclal statements The financial statements consolidate the results of the charity and its wholly owned subsidiary on a line-by-line basis. The subsidiary company is detailed below. Subsldlary Name Company Number Parent Company Control 100 % Shareholder St Columb's Park House Limit8d N1031899 Income All income is included in the statement of financial activities when entitlement has passed lo the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. Income represents the total value of grants received and receivable as well as other income arising from olher operating activities during the year. Income from government and other grants. whether 'capital' grants or 'revenue' grants, is r8cognised when the charity has 6ntitlemenl to the funds. any performance conditions attached to the grants have been met. it is probable that the in¢om8 will be received and the amount can be measured reliably and is not deferred Interc8t receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. Page 15
St Columb's Park Reconciliation Trust Company limlted by guarant88 Notes to the financlal statoments (contlnuedl Year onded 31 March 2024 Expendlture Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statemenl of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities. ev8nts and non-charitable trading activities. expenditure on charitable acts'vilies includes all costs incurred by a charity in undèrtaking activities Ihat further its charitable aims for the benefit of it5 beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenditure on Gharitable aclivitl8S. All costs are allocated to expenditure categories reflecting the use of the resource. Direcl costs attributable to a single activity are allocated directly to thal activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Taxation During the current year the company has only been involv8d in charitabl8 activities in furtherance of its charitable objects and is not liable to Income Tax or Corporation Tax. Tanglble assèts Tangible assets are initially recorded at cost, and are subsequently stated al cost less any accumulated depreciation and impairmenl losses. Any tangible assels Garried at revalued amounts are recorded al the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impainnent losses. Depreciation Depreciation is calculated so as to write off the c05t or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Long leasehold property Fixtures, fittings and equipmenl Cafe fixtures and fittings Computer Equipment 20 slraight line 200/0 straight line 25°/0 straight line 33.3Yo Straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new eslimates. Fixed a55et investments Fixad asset invèstments ar@ initially rtteordod at cost. and subsoquently Stated al cost less any aecumulaled impairm6nt losses, Listed investments are measured at fair value with changes in fair value b8ing rgcognls8d in profit or loss. Page 16
St Columb's Park Reconciliation Trust Company Ilmited by guarantee Notès to the financial statements {continued) Year ended 31 March 2024 Investments In assoclates Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair valu8 model are initially recorded at the transaction price. At aach reporting date. the investm8nts are measured al fair value, with changes in fair value recognised in other comprehensive incomelprofit or loss. Where it is impracticable lo measure fair value reliably without undue cost Of effort, the cost model will be adopted. Impairment A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible VerSal at each reporting date. Flnancial Instruments A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the inslrument. Basic financial inslruments are initially recognised at the transaction price, unless the arrangement constitutes a financing iransaction, where it is recognised at Ihe present value of the future payments discounted at a market rate of interest for a similar debt instrument. Employee bèneflts When employees have rendered sernice to the company, short-term employee benefits to which the employees are entitled ar& recognised at the undiscounted amount expected to b8 paid in exchange for that service. Defined contn'bution plans Contributions to defined conlribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an assel to the extent that the prepayment will lead to a reduction in futtjre payments or a cash refund. Limited by guarantee Sl Columb's Park Reconcilialion Trust is a registered charity limited by guarantee without a share capital. HMRC Charity Reference Number.. X01144-93 N.1. Charity Commission Regislration Number.. NIC103557 Page 17
St Columb's Park Reconciliation Trust Company limited by guarantee Notes to the financial statements (continued) Year ended 31 March 2024 Funds Unrestricted Revenue Funds- comprise those revenue funds which the management committee are free to use in accordance with the company objectives. Restricted Revenue Funds - comprise those revenue funds vthich have been given for particular purposes and projects. Unrestricted Capital Funds comprise those nel assets which the trust is able lo apply freely in pursuit of its own charitable objectives and related purposes. Restricted Capital Funds - compnse Ihose net assets which at the end of the accounting period have specific grant and other conditions restricting either their use or their disposability for defined periods. Designated funds - compnse of unrestricted funds of the Gharity which the trustee5 have decided at their discretion to set aside to use for a specific purpose. Nel losslprofit This is stated after chargingllcrediting)= Group 2024 Group 2023 Charity 2024 Charity 2023 Depreciation of tangible assets Impairment of trade debtors Fees payable for tha audit of th8 financial statements 29,089 25 30.896 88 28.798 29.734 6,442 6,198 4,336 4,056 Page 18
St Columb's Park Reconciliation Trust Company Ilmited by guarantee Notes to the financial statements (continued) Year ended 31 March 2024 Staff costs The average number of persons employed by the company during the year, including the directors, amounted to.. 2024 2023 Managemenl and finance staff Programme staff House staff 10 The aggregate payroll costs incurred during the year were- 2024 2023 Wages and salaries Social security costs Other pension costs 194.671 14,926 10,161 196,506 13,206 9.765 219.758 219.477 No employee has received employee benefits of more than £60,00012023 - None) None of the trustees have been paid any remuneration or received any other payment from an employment with the charity or a related party. None of the trustees have had expenses reimbursed in the year. The key management personnel for Ihe parent charity and the group are the trustees, the Operations Manager, the Finance Manager and the Finance Officer. The total employees benefits of the key management personnel of the trust were £70,179 {2023 - £65.909) Page 19
St Columb's Park Reconcllialion Trust Company Ilmited by guarantee Notes to the financial statements {conttnued) Year ended 31 March 2024 7. Income Group Restrlcted Restrlcled Funds Funds 2024 2023 Charity Restrlcted Restrlcted Fund5 Funds 2024 2023 Incoming from charltable actlvltles DCSDC - Core Fund & Core Utilities Derry City & Strabane Dislrict Council - DCSDC- Ground Improvements Community Relations Council - Core C(FOperation Ireland - National Citizens Co-operation Ireland - Future leaders 8ig Lottery Fund - Tiny gardens Big Lottery Fund - BLOOM project Heritage Lottery Fund Joseph Rowntree Charitable Trust Northem Ireland Office - Curryni8rin Support Northern Ireland Office - Keeping people National Garden Scheme Garvagh People's Forest The Community Foundation - Civic The Community Foundation Nl - Techies in The Execulive Office - Peace in the Park PHA IFI PYD Proje¢l IFI Moving Peace Forward Waterside Neigbourhood Partner Arts Council of Northern Ireland Rank Foundation Triangle Trust PBNI The Ireland Funds - America Ireland Funds Department of Foreign Affairs Department of Justice Various small grants 4,000 500 4,000 500 500 26,522 21,737 500 26,522 21,737 4,000 4,000 7,025 9.060 47.371 7,025 9,060 47,371 94,742 30,520 94,742 30.520 12.500 31,583 28.305 12,500 31,583 28.305 5,000 5,000 9,226 17,172 10,000 1,140 4,958 86,262 9,226 17,172 10,000 1,140 4,958 86,262 3,850 80,231 4,585 6,109 731 15,615 28,350 1.650 5.000 12.493 4,987 1,680 3.850 80,231 4,585 6,109 731 15,615 28,350 1,650 5,000 12,493 4,987 1,680 6,579 33,000 6.579 33,000 9.750 9.750 12,362 12,362 2,000 2,000 Total 377,052 377,052 Page 20
St Columb's Park Reconciliation Trust Company limited by guarantee Notes to the financial statements (continued) Year ended 31 March 2024 Group Charlty Unrestricted Unrestricted Unrestrictsd Unrestrlcted Funds Funds Funds Funds 2024 2023 2024 2023 Incomè from other tradlng actlvitles Room Hire Accommodation Catering Service Char9es Cafe Rent Other income Total 40,943 49,688 8,375 5,876 59,977 36.338 6,344 3,375 1,120 10,287 117,441 525 3,515 108.397 36,479 36,479 54,652 Investment income Bank inlefest fetsived 1,266 1,266 301 301 574 574 202 202 Page 21
St Columb's Park Reconciliation Tru81 Company limited by guarantee Notes to the financial statemènts Icontlnued) Year ended 31 March 2024 Expendlture Group 2024 Group 2023 Charity 2024 Charity 2023 Expenditure on Ralslng Funds Wages and salaries Employer's social security contributions Staff pension costs - defined contribution Rates Insurance Light and heat Repairs and maintenance Printing, postage and stationery Telephone Travelling and entertainment Accountancy fees Auditors remuneration Bad debts Bank charges General expenses Charitsble donations Subscriptions Depreciation Total 22,700 2,840 1,875 2,009 3.886 5,002 25,249 4,052 3,673 144 2,760 6,442 25 170 979 250 465 291 82,812 18,470 2,348 2,041 4,629 3,615 10,860 8,274 5,244 3,316 121 500 1,650 635 813 300 2,760 4,336 6,198 88 266 419 4,056 525 1,162 144 224 5,215 Expenditure on raising funds was £82,812 (2023 - £67,576} of which £79,302 was unrestricled (2023 £66,641) and £3,510 restricted (2023 - £9351 Page 22
St Columb's Park Reconciliation Trust Company Ilmited by guarantee Notes to tho financial statements (continued) Year ended 31 March 2024 9. Expenditure Group 2024 Group 2023 Charity 2024 Charity 2023 Expendlture on Charltable Actlvltles Wages and salanes Employerfs s181 security contribulions Staff pension costs - defined contribution Light and heat Repairs and maintenance Printing, postage and stationery Programme Costs Bank charges General expenses Charitable donalions Depreciation of tangible assets Total 171,971 12,085 8,286 25,852 1,729 618 84,600 328 1,380 178.036 10.858 7,724 18,919 14,650 509 162,134 297 439 171.971 12,085 8,286 25,852 1,729 618 84.600 328 1.378 178.036 10,858 7,724 18,919 14,650 509 162.134 297 439 28,798 29.734 423,300 28.798 335.645 29,734 423,300 Expenditure on charitable acb'vilies was £335,647 {2023 £423,300} of which £20,291 was unrestricted {2023- £36,162) and £315,356 restrict8d12023- £387.138). Page 23
St Columb's Park Reconciliation Trust Company limited by guarantee Notes to tho financial statements (continued) Year ended 31 March 2024 10. St Columb's Park House Limited The wholly owned subsidiary St Columb's Park House Limited is incorporated in Northem Ireland (company number N10318991. Sl Columb's Park Houses Limited is a not for profit Peace and Reconciliation Centre which Govenants any profit to the parent. A summary of the financial results is shown below. The summary financial performance of the subsidiary alone is.. 2024 2023 Income Expenditure Net Incomlng resources for tha year 108.397 (108,3971 116,916 (116,916) The assets and liabilities of the subsidiary were: Fixed Assets Current Assets Current liabilities Long term liabilities Net assets 291 113,904 {114,0951 114,613 (114,513) 100 100 Total Shareholdèr Funds 100 Page 24
St Columb's Park Reconcillatlon Trust Company Ilmlted by guarantee Notes to tho financial statements (contlnu•d) Year ended 31 March 2024 11. Tangible assets Long Fixtures, Computer leasehold fittings and Equipment propety equipment Total Cost At 1 April 2023 Addilions Disposals 1,297.224 132,772 53,922 1,483.918 At 31 March 2024 1,297,224 132,772 53,922 1,483,918 Depre¢latlon Al 1 April 2023 Charge for the year 486,992 25.944 121,986 2,097 50,586 1,048 659,564 29,089 At 31 March 2024 512.936 124.083 51,634 688,653 Carrylng amount At 31 March 2024 784,288 8.689 2.288 795,265 At 31 March 2023 810,232 10,786 3,336 824,354 Leasehold land and buildings represents the written down value of capltalised renovations and refurbished works carried out to the property at St Columb's Park House. The costs were entirely grant aided in previous financial years. St Columb's Park House Centre is owned by Derry City and Strabane District council and so no costs of the existing building or the land on which it is situated is reflected in the financial statements of Sl Columb's Park Reconciliation Trust. Dery City and Strabane District council has awarded the Trust a new 50 year lease on the building, vthich ends in the year 2063. Included in fixtures, fittings and equipment is cafe fixtures. fith'ngs and equipment which are depreciated at 25 % straight line. Page 25
St Columb's Park Reconcilialion Trust Company limited by guarantee Notes to tho flnancial Statements (continued) Year ended 31 March 2024 11 (a). Tanglblg assets - Charity Long Fixtures. Computer leasehold fittings and Equipment propety equipment Tolal Cost At 1 April 2023 Disposals At 1 Aprll 2023 and 31 March 2024 1,297.224 128,123 53,922 1,479.269 1,297.224 128,123 53,922 1,479,269 Depreclatlon At 1 April 2023 Charge for the year 486,992 25,944 117,628 1,806 50,586 1.048 655,206 28,798 At 31 March 2024 512,936 119,434 51,634 684,004 Carrylng amount At 31 March 2024 784,288 8,689 2,288 795,265 At 31 March 2023 810,232 10,495 3,336 824,063 12. Group Undertakings The charity holds 100 shares of £1 each in the wholly owned subsidiary company St Columb's Park House Limited. These are the only shares allotted, ca118d up and fully paid. The subsidiary company is incorporated in Northern Ireland. The financial results for Ihis company afe summarised in note 10. 13. Deblor8 Group 2024 Charity 2024 2023 2023 Trade debtors Prepayments and accrued income Other deblors 34.507 1,259 121,033 890 25.992 107,488 258 96,549 85,925 35,766 121,923 111,917 204,295 Page 26
St Columb's Park Reconciliation Trust Company limited by guarantee Notes to the finan¢lal statements (continued) Year ended 31 March 2024 14. Credltors: amounts falllng due wlthln one year Group 2024 Charlty 2024 2023 2023 Trade creditors Accruals and deferred income Other creditors 9.685 36,965 7,072 27,462 18,062 100 16,987 100 46,650 34,534 18,162 17,087 15. Employee benefits The amount recognised in profit or loss in relation to defined contribution plans was £10.161 (2023: £9.765). Page 27
St Columb's Park Reconciliation Trust Company limited by guarantee Notes to the financial statements {continued) Year ended 31 March 2024 16. Analysls of charltable funds Analysls of movements In group unrestrlcted funds Balance at Incomlng Resources Transfer Funds at 1 Aprll 2023 Resources Expended between 31 March Funds 2024 General Fund Designated Fund 125,346 135.000 109,663 (99,5931 88,286 15,000 223.702 150,000 260,346 109.663 (99,593) 103,286 373,702 Analysis of movements in charity unrestricted funds Balance at Incoming Resources Transfer Funds at 1 Aprll 2023 Resources Expended Between 31 March Funds 2024 Gene1 Fund Designated Fund 125,345 135,000 37,053 (26,9821 88,286 15,000 223.702 150,000 260,345 37.053 126,982) 103.286 373.702 Analysts of movements in group restricted funds Balance at Incoming Resources Transfer Funds at 1 Aprll 2023 Resources Expended Between 31 March Funds 2024 Restricted Fund 985,444 304,042 1318,866) {103,286) 867.334 985,444 304,042 (318,866) {103,286) 867,334 Page 28
St Columb'8 Park Reconciliation Trust Company limited by guarantee Notes to the financial statoments (contlnuedl Year ended 31 March 2024 Analysls of movements In charlty restrlct•d funds Balance at Incoming Resources Transfer Funds at 1 April 2023 Resources Expended Between 31 March Funds 2024 Restricted Fund 985,444 304,042 1318,866) {103,286) 867,334 985,444 304,042 (318,866) {103,286) 867,334 Analysls of group net assets betwoon fund8 General DesignatedRestri¢ted Fund Fund Fund Total 789,597 795.265 59.430 456,655 25,992 35,766 (7,685) (46,650) Fixed Assets Cash at bank and in hand Other current assets Current liabilities 5,668 247,225 9,774 {38,965) 150,000 Total 223,702 150,000 867,334 1.241,036 17. Analys15 of changes In net debt Group changes in cash and cash equivalents At 1 April Cash flows At 31 MarGh 2023 2024 Cash and cash equivalents 334,047 122,608 456,655 Charity changes In cash and cash equivalènts At 1 April Cash flov At 31 March 2023 2024 Cash and cash equivalents 234,419 117,497 351,916 Page 29