St Columb'8 Park Reconclllatlon Trust Trustees. Annual Report lor tho Year Endad 31 March 2024 The Directors are pleased lo present their annual Teport together with the financial statements of the Charity for the year ending 31 March 2024 which are also prepared to me81 the requirements for 8 Direclors. report and 8ccounls for Companies Act purposes. Th& financial slalemenls comply with lh8 Charities Act (NII 2008. the Charitl8s (Accounts and Reports) Regulations (Nl) 2015, Companles Act 2006. tho Memorandum and Artlcles of Association, and Accounllng and Reportlng by Charilles.. Statement of Recommgnded Praclls8 appllcab18 to char1ti88 prgparlng Ih81r accounts in accordance wilh Ihe Financlal Reportlng Slandard appllcable In the UK and Republ1¢ of Ireland {FRS102) {effeclive 1 January 2019.) Dlreclor8 and truste8• The directors of the charllable rMpanY {Ihe ¢h8rityl are the Iwstees for the purpose of charlty law. The trustees during the year and at the 31 March 2024 were as follows.. Ms Laura Canavan Mr Martin Oohety Ms Emma Johnston Ms Mary McKinney Mr Domlnlc Bonner Mr Slephen Mccrudden MS Sarah Qullly M8 Elme8r Willis Mr Robin Young (Reslgned 30 May 2023) (Appolnted 25 Janu8ry 2024) (Appointed 25 January 2024) (Re8igned 7 January 2023) Object8 and Actlvltlos The Company's objects are the advancement of educatlon and of other charltablo purposes beneflcial to the communlty In Northern Ireland (the area of benefit) and In particular, but not so as lo Ilmlt tho generallly ol the foregolng. the advancement of 8du¢alion in and the underslandlng ol the dlff8r8nt cullural tradillons of the peoples of the area ol benefit and lh8 improvement of communily relations in the area of ben8fil. Achlevements, Actlvltle8, Parformanc• and Futurè Plan8 The year ended 31 March 2024 has been a very busy and producllve year lor Ihe Trusl and House. We continue lo look for new ways to build a more peaceful and shared society where everyone in our communlty can thrlvé. Our programmes Included: Ignyle funded by The Inlernational Fund for Ireland, Bloom Project funded by the Nallonal Lottery Communlty Fund, . The REA Project funded by Ihe Herltage Lottery Fund, Fight for Myself programmè based al HMP Magillig8n fund8d by the Trianglè Trust, Connecting Communities al the Interface based in Currynierin funded by the Rank Foundation. Future Leaders funded by Co-operation Ireland, - Back Langs Pfolect funded by the Assel Recovery Fund, Movlng Poace Forw8rd fundgd by the Intorngtlonal Fund for Ireland, Page 2
St Columb's Park R•¢onclllallon Trust Trustees. Annual Report for the Year Endad 31 March 2024 Our core aims of People Place and Peace represented in all of these programmes and have made significant posltiv8 impact within our communitie5 and for many individuals. The use of the outdoors as Ihe platform for many of our programmes provides us with the perfecl way lo enga9e a wide range of people from across the Cily in a shared space. We are grateful for Ihe support from all OLJr fundets, who entrust us with their grants to make a positive difference to the lives of the people in our communities. The work of the Trust furthers the advancement ol education in and the understsnding of th8 different cultural Ir8dilions of local peop18 and conlribules to the Improvement in communlty relations in the local ar8a. Parlnershlp building is increasingly importanl in these challenging times. We welcome th8 poslbve partnership we have wilh Derry Clly & Strabane District Council. a5 well as the many communily and voluntary organlsallons we collaborate wllh. We have spent the last 12 months growlng our volunteer base and 11 Is their hard Wrk that supports our stslf le8m in re81ising our misslon 'lo empower local citlzens to become changemakers, peace builders and communily leaders,. We 8re indebted lo this group of dgdicated and committed volunteers who give 80 willingly of their time and 8n8rgy in the davelopmenl of the walled garden and wlder grounds as a community green hub. The Trust conlinue to develop and deliver our 5 year Slraleglc Plan. foll¢)wln9 on from extensive consultallon and research. The Strateglc Plan encapsulales much of Ihe rlch reconclllallon Journey travelled by Ihe Tru81 to dele and broadens thls to InrpOrate a new sustainable Vision where every indivldual who takes part in our projects embarks on 8 journey Nthere Ihey can 818rt to reallse their potential as chang8maker8, peacebullders and valued citlzens. Related Partleg St. Columb's P8rk Reconclliation Trust Limited has a wholly ownod subsidiary company {Sl, Columb's Park House Llmlledl whl¢h operates and runs the St. Columb's Park Cenlre for and on behalf of the Trust. It covenants all profits lo Sl. Columb's Park Reconciliation Tru8t Limlled for the pursuit of ils charllable aims. Results and revlew of the buslne85 The company is a non-profit making organisallon, The resulls are sel oul In delall on pages 1 D lo 29. The company returned a nel movement in funds 01 £4.752 (2023.. £3.918 ) after other recognised gains and Re8•N•s pollcy The Truslees have reviewed the reserves of the company. Thls review en¢ornpassed Ihe nature of Ihe Income 8nd expenditure slreams. the need to match variable Income wlth fixed commllmenl$ and the balance and nalure of the reserves themselves. Sl Columb's Park Reconclliab'on Trust 8ims to m81ntain adequ81e reserves to enable us to manage financtal risk end deliver on oui cornmilfflents. Our Reserves Pollcy Is lo ensure that there is no dlsruplion lo our services al short notice. due lo lack of funds. an unforeseen reductlon In Income or an Increas8 In expenditur8. wh118 al the sam8 tlme ensurlng thal reserves are no hlgher Ihan necessary end nol retained for longer than required, Th15 glves tlme In the event of a drop In funding lo seek alternalive funds. reslruclure and cut cost5 whllst conlinulng lo provide servlce, and our aim Is lo mainlaln a level of general reserves lo meet the ongoing worklng capllal requlrements oflhe organisation. The Trustees have forecast the level of Iree reserves (thal is those funds not tied up in fixed assets. and desSgnated and reslricled funds) thal Ihe charity will require to Sustain its operations and meet Ils financial obligatlons over future periods. Th9y arg sallslied Ihal tho rosorvog held are mofe Ihan adoqualo lor Ihose purpo$•8 and will eontsnug to monitor and review the lunds held lo ensure that the existing and future Charitable activitles of the organlsatlon can be funded from Its resources. Pag8 3
St Columb'8 Park Recon¢lllatlon Trust Trustees. Annual Report for the Year Ended 31 March 2024 Designated funds {unreslricled) for the group - are those unrestricled funds Ihat have been allocated by the Trustees lor specific purposes. The Trustees have designated £150,000 (2023: £135,000) of the free rgs8rves lo cover a 6 month working capilal buffer lacilily, for polenlial redundancy costs and pending essential capital rep81r works. Rlsk managernont The Iruslees have examlnad th8 major strateglc, busln8S8 and operallonal rl8ks whlch the charlty faces and confirm that the systems have been esiablished to enable regular reports to be produced so that the necessary steps can be taken lo lessen these risks. Statement of Trusleo8 Respon$lbllllles The charity trustees (who ere also Ihe Directors of the St Columb's Park Reconciliatlon Trust for the purposes of company law) are responsible for preparing a Iruslees, annual report and financlal slat8m8nts In ac¢ord8n¢8 with applicable law and United Kingdom Accountlng Standards (Unlted Klngdom Generally AcGepted Accounting Practice). Company law requlres the trustees to prepare flnanclal slat8men18 for each financial year which give a Ifue and fair vlew of the Stale of affairs ol the charitable Company and ol the prolll or loss of the Gompany for that In preparing these the trustoes are required to. select suitable accounting polbcles and apply them conslslently, make Judggments and estimate5 thal are reasonable and prudent- observe th8 methods and principles in the Charities SORP.. state whelher 8ppllcabl8 UK accounllng standards have been followed, subl8Ct to any rnaterial departur88 d15closed and explained in the financial slalemenls., prepare the financial 6lalem8nts on the golng concern bas18 un188s11 Is Inappropriatè lo presume th81 the company will conlinue in business. The truste8¥ are responsible for keeping proper accounting records vthich disclose with reasonable accuracy al any Ilme the linanclal posltion of th8 company and to enable them lo ensure Ihat th8 flnanclal slalements comply with the Companles Act 2006. They are also responsible for safeguardlng Ihe ass81s of the company and henc8 for taking reasonable sleps for the preventlon and d8tecllon of fraud and other Pag• 4
St Columb's Park Reconclllatlon Trust Trustees. Annual Report for the Year Ended 31 March 2024 Audltor8 Each of the persons who is a trustee at the date of approval ol this report confirm that.. so far as each trustee Is aware, there is no relevant audlt 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 eslablish that the company's auditor is aware of that information The auditor is deemed lo have been re-appointed in accordance with section 487 of the Companles Act Small company prov181on8 This report has been prepared in accordance with the provisions applicable to companies entitled to the small companles exemption. These Flnancial Statements were approved by the board of dlrectors and authorlsed for Issue on 30 September 2024 and are signed on behalf of the board by.. Mr Martln Doherty Dlrector Page S