Company RogSstratlon Number . N1636756
Frlends of tho Darry Wall• Ltd
Flnon¢lo1 Si•lomont¥ Jnd Tru¥teo8' Report
lor Ihe yo•r Onded 28 Fobruary 2025

Frlènds of the Derry Walls Ltd
Company Ilmlted by guarantee
Contents
Page
Legal and Administrative Information
Truslees Report
Independent Examiner's Report
Slalement ol Financial Activities lor the year ended 28 February 2025
Balance Sheet as ai 28 February 2025
Notes lo the Accounts
9-13

Frl?nd¥ of the Dorry Wall$ Ltd
Company limited by guarantee
Legal and Admlnlslrallv8 Intorrnatlon
Status
Tho organisalion is a chariiable company limited by guaranlee, incorporated on 29 February 2016 and
is recognised as a charity by the Northern Ireland Charity Commission. The ooverning document 15 a
Memorandum and Articles ol Association.
Dlreclors .
Edel Grillin
Elizabelh Hegarty
Anne Mccanney
Niall Mccaughan
William Moo¥e
Accounlanls .
F¢rgus McAieer & Co
Chartered Accounlanls
31133 Clarendon Sire81
Derry
8T48 7ER
Maln B•nkers:
Dan5ke Bank
8usines$ Branch
Donegal Square Wesl
Bellasl
Regl•torod Ofllca .
Verbal Arts Centre
Stable Lane
Oerry
8T48 6PU
Company Numb•r:
N1636756
Charlty Comml#ylon for Northorn Ir8land Number:
NIC 106809
Page 1

Frlends of the Derry Walls Ltd
Trustees, Annual Report
for the year ended 28 February 202S
Report ol the trustees for the year ended 28 February 2025
The directors are pleasee lo presenl their annual report logether with the financial slalemenls ol the Charity
lor the year ended 28 February 2025 which are also prepared lo meet the requirements lor a Directors, feport
and accounts for Companies Act purposes.
The linancial statemenfs comply with the Charities Act INI) 2022, the Charities IAccounts and Reports)
R￿ulationS INI) 2015, Companies Act 2006, Ihe Memorandum and Articles ol Association, and Accounting
and Reporting by Charities.. Statement ol Recommended Practise applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Iroland
IFRS1021 leffective 1 January 2019.1
Dlreclors and trustèes
The directors ol the charitable company Ilhe Charity) are thè trustees lor the purposes ol Gharily law.
The Iruslees duiing the year and at 28 February 2025 were as loliows..
Edel Grillin
Elizabeth Hegarty
Anne Mccartney
Niall Mccaughan
William Moore
Our purposes and actlvltles
The company's objects are specifically restricted lo the following..
lal lo educate the public in the hislory, natural history and architecture ol the area ol benelil..
Ibl lo secure the preservation, protection and i￿proveMent ol features ol historic public irlteresl in the area ol
benefit in particulai the historic del&nces and city walls ol DerrylLon¢Jonderry;
Aehlevemenls and performance
Since the charity's registration in 2017 we have worked to promote local awareness ol the signilicance of the
Deriy Walls through the production ol educational and interpretive materials and lileralure, and by arranging
and organising educational and training events and programmes about the heritage and conservation ol the
Derry Walls.
Flnanclal revlow
During the year income of £3,369 was received128 February 2024 £1001 and costs of £1,922 were incurred
128 February 2024 £6301 to leave a net income of £1.447128 February 2024 delicil £5301. The reserves at
the end ol the year were £3,488128 February 2024 £2,041) ol which all are unreslricled.
The Trusteos were pleased with tho resu1¢3 lor th¢ year.
Page 2

Frlendg of the Derry Walls Ltd
Trusteey, Annual Report
for the year onded 28 February 2025
Reserves pollcy and golng concern
Reserves arg needed lo bridge the gap between the spending and ie¢eiving ol inGomo and lo cover
unplanned emergency costs. Due lo the nature ol Charity, no activities are started or Costs incurred unlil
funds are secured from members. The Trustees consider that only nominal reserves are necessary lo meet
luturg Costs.
Plan¥ for lulur• porlod8
We continue lo organise and carry out a series ol educational and promotional èvents lo continue lo educale
the piJbli¢ and lo help secure the preservation, prolechon and improvement ol the arèa ol benglit, being Ihe
Derry Walls.
Po$t Balance Sheel Events
Subsequeni io ihe year end, Iho company was dissolved by Companies House. The Iruslees are iaking steps
lo reslore the company to the register and 8x￿cl thè charl1￿8 a¢livlllas to continue. Further details are
providod in Note 11 lo th8 financial slalemenls.
Statement of trust￿3 r•sponslblllt188
Thg char￿tY Irusiees (who are also the direciofs ol the Friends ol the Derry Walls Ltd lor the purposes ol
company lawl are responsible lor preparino a Iruslees, annual report and linaneial staternen15 In accordance
with appli¢ablg law and Uniled Kingdom Accounting Standards Iunilad Kingdom Goneralty Acceplod
Aeeounling Praclicel,
Company law requires Ihe directors lo prepare financial slalemgnls lor each linancial year which give a truè
and lair view ol the slate ol allairs ol the charitable company and ol Ihe profil or loss ol thg company lor Ihal
year.
In preparino these the Irusiees are required to..
strlecl suitable accounting policies and appty them consislenlly..
make judgements that are reasonable and prudent,.
observe thè method5 and principles in Ihg Charities SORP.,
state whelhor applicable UK Accounting Standards have been followed. subjecl lo any material departures
disc105ed and explained in the linancial slatemenls..
prèpare the financial stalomenls on Ihe going concern basis unless il is inappropriate lo presume that the
oiganisalion will continue in business.
The directors are responsiblo lor keeping proper accounting records which disclose with reasonable accuracy
81 any lime the financial posilion ol the company and lo enable them lo ensure that the Ilnancial stalgmenls
omply with the Companies Act 2006. They are also responsible lor sale9uarding the assols ol the company
an¢J hence lof takin9 reasonable steps lor the prevention and detection ol Iraud and other irreoularilies.
Small company provlslon$
This report has been prepared in accordancg with Ihe provisions applicable lo compani88 ènlilled lo the small
companies exemption.
These linancial 51alements were approved and aulhorised lor issue on 6 August 2026 and signed on behalf ol
the boa
Niall
stee
Page 3

Frlends ot the Oerry Walls Ltd
Company limited by guarantee
Report to the board of dlroclors on the preparatlon of the
unaudlted statutory flnanclal statements of Frlends of the Derry Walls Ltd
Year endèd 28 February 2025
We report solely to the charity trLJStees on our examination ol thè accounts lor the period ended 28 February
2025. To the lu11esl extent permitted by law, we do not accept or assume responsibility lo anyone other than
Friends ol the Derry Walls Ltd and its trustees as a body lor Okjr work or lor this report. As a praclising
member firm ol Chartered Accountants Ireland. we are subject lo its ethical and olher prolgssional
requirements which are detailed at www.charteredaccounlanls.ie.
Respectlve rgspon$lbllllles of char5ty truslees and examlner
As the ¢harily Iruslees land also the directors of the company lor thè purposes ol company kw) you arg
responsible lor the preparation ol the a¢coun15 in accordan¢e with the requirements ol the Companies Act
2006 and the Charities Acl (Northern Ireland) 2008. Having satisfied ourselves Ihal the charity is not subjeGI Io
an audit under company law. and is eligible lor indeptsndent examination, it is our responsibility lo.
- examine the accounts under secbon 65 01 the Charities Act.
follow Ihe procedures laid down in general Direclions given by the Charity Commission lor Northern Ireland
under section 6519llbl ol the Charities Aet.
state whether particular matters have come lo our attention.
Basls of Indepgndgnl oxamlnerfs roport
We have examined your charity accounts as required under section 65 01 the Charities Act and our
examination was carried ovl in accor¢Jance with the general Directions given by the Charity Commission lor
Northern Ireland under section 651911bl ol the Charities Act. The examinatlDn included a review ol the
accounting records kept by the charity and a comparison ol the accounts presented with those records. 11 also
included Consideration ol any unusual ilems or disclosures in the accounts, and seeking explanations from
you as charity Iruslees concerning any such matters.
Our role is lo slate whether any maleiial matters havg come lo our attention giving us concern lo believe..
1. thal accokjnling records were not kept as required by section 386 01 the Companies Act 2006 and section
63 01 the Charities Act.,
2. Ihal the accounts do not accord with those accounting r¢cord5',
3. that the accounts do not comply with the a￿OUntIng rèquirements ol seeiion 396 01 the Companies Act
2006. the Charities Acl and with methods and principles ol the Charities Sialemenl ol Recommended Praclise
applicable lo charilies preparing their accounts in accordance wlh the Financial Reporting Standard
applicable in the UK and Republic 01 Ireland.
4. that there is further information needed lor a proper understanding ol the accounts lo be reached.
P•g& 4

Frlends of the Derry Walls Lld
Company Ilmlt8d by guarant8
Report to the board ot dlrèctors on Ihe preparatlon of th&
unaudlted statutory flnanclal statèmenls ol Frlendg of the Derry Walls Lld Icontlnued)
Year ended 28 February 2025
Inde￿ndent Examinor's Slatomont
We have comploled our examinaiion and have no concerns in respecl ol Ihe maueT$11110141 above and, in
connection with lollLiwing the Directions ol the Charity Commission lor Northern Ireland, we have found no
matters that require drawing lo your attanlion.
, 4-
Fergus McAteer & Co
Chartered Accountant•
31133 Clarendon Street
Dèrry
8T48 7ER
0 6 AUG 2026
6 Augu•t 2026
Page S

Frlends ol the Derry Walls Ltd
Company Ilmltèd by guarantee
Slalgm8nl of Financlal Activiti6¥
(In¢ludlng Inceme and expendlture account}
tor the year ended 28 February 2025
Unre8trlcted Restrlcted
Funds
Fund$
Totals
2025
TotJl$
2024
Nol•8
Income and ondowm8nt*
Donations & legacies
Income from charitable activities
540
2,829
540
2.829
100
Total Incom•
3,369
3,369
loo
Expgndltur•
Charitable activities
1,922
1,922
630
Tot•1 exyndllure
1,922
1,922
630
Nel Incom•
1,447
1,447
IS301
Nol mov•mont In funds
1,447
1.447
15301
Recon¢lll•tlon ot fund•
Total funds broughl forward at 1 March 2024
2,041
2.041
2,571
Total funds carried forward at 28 February 2025
3.488
3,488
2,041
The statgment ol financial activities includes all gains and losses recognised in the yèai.
All income and ¢xpgndilure dèrive from continuing activities
Pgge 6

Frlendg of the Derry Wallg Ltd
Company limitod by guaranto0
Balance Shgot as at 28 Fobruary 2025
Unreslrlcled Restrlcted
Fund9
Funds
Totals
2025
Totals
2024
Nol•s
Current Assèt
Cash al bank and in hand
Tolal curronl a8set8
4,688
4,688
2,641
2,641
4,688
Credltors: amount$ l•lllng duo
wllhln ong y••r
11.2001
11,2001
Isooi
Not ¢urronl as8el8
3,488
3,488
2,041
Total a8•et81888 current Ilabllltl•s
3,488
3,488
2,041
Crodltor•: •mounl• f•lllng duè
Not a¥set•
3.488
3,488
2.041
The Fundg ol the Charlt
Reslricted funds
Unr8slrict•d lunds
3,488
3,488
2.041
Fund$
10
3,488
3,488
2,041
For the year ènding 28 February 2025 the company was enlilled lo 8xemplion from audil under section 477
ol the Companies Act 2006 relating lo small companies.
Direclors responsibilities-.
The members have nol requirod Ihe company lo obtain an audit ol ils financial slalemenls lor the yeaf in
question in accordance wilh section 476.,
The direciors acknowledge their responsibilities lof complying wilh the requirements ol the Act with
respect lo accounling rKords and the preparation ol financial stalemenls.
These linanc1al statements have been oreDar8d in accordance with the provisions applic¥bl8 to companie#
aubject lo the small companies, regime and in accordance with FRS 102'The Financial Reportlw Siandaid
applicable in Ihe UK and Rtrpublic ol Ireland..
Page 7

Frlends of the Derry Walls Ltd
Company Ilmlted by guarante6
These financial stalements weie approved by the ts)ard ol directors and aulhorised loi issue on 6 August
2026, and are signed on behalf ol the board by.,
Nlall Mccaughan
Trustee
Company Regisl
tlon Number . N1636756
Page 8

Frlend8 of the Derry Walls Ltd
Company Ilmltod by guarant88
Notes to the flnan¢lal statèments
Year ended 28 February 2025
General Informatlon
Th8 company is apublic benefit entity and a privalg company limited by guarantee, registered in
Northern Ireland. The address ol the registered off ice is Verbal Arts Cgnlrg. Stable Lane. Derry, BT48
6PU.
Accounllng pollcSes
Ba$lg Ot preparallon
The financial slalemenls have been prepared in accordance with Accounting and Reporting by
Charities.. Sialemenl ol Recommended Praclice applicable lo eharilies preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republi¢ ol Ireland IFRS
1021 lelleclive 1 January 20391 (Charities SORP IFAS 10211, the Financial Reporting Standard
applicable in the UK and Republic ol Ireland IFRS 1021 and the Companies Act 2006.
Friends ol the Derry Walls Ltd meets the definition ol a public benelil onlily under FRS 102. Assels and
liabilities are initially recognised at historical cost or t¥ansaction value unless otherwise slated in the
relevanl accounting policy nolelsl.
The financial slalemenls are prepared in sterling, which is the functional currency ol the entity.
Golng concern
Subsequent to the year end, on 5th August 2025, the company was struck off and disso￿ed by the
Registrar ol Companies. Al th& 8alan¢e Sheet dale the charity was solvent and the Iruslees considered
that it was a going concern. However. due to the subsequent dissolution ol the company, material
uncertainty exists regarding the entity's ability lo continue as a going concern. These circumstanees are
disc105ed in Note 11, Post Balance Sheei Events.
Income
Income iepresenls the lolal value ol donalions ¥eceiv¢d and ¥eceivable during the year and income
received liom the sale ol prints and events associated with The Derry Walls.
Expendllure
Expendilure is recognised on an aceruals basis as a liability Is incurred. Expenditure includes any VAT
which cannot be lully recovered. and Is classilieil under headings ol the statement ol financial activities
lo which il relates..
expenditure on charitable activities includes all costs incurred by a charity in undertaking aclivrties that
further ils charitable aims lor the benelil ol ils beneficiaries, inclLsding those support costs and costs
relating lo the governance ol the charity apportioned lo charitable aclivilies.
All costs are allocated lo expenditure categories reflecting the use ot ihe resource. Direct costs
attributable lo a sinale activity are allocated directly to that activity. Shared costs arè apportioned
botwtstsn Ihtr aGlivilies they Gontribule to on a rtsasonablo, iustiliable and consistent basis.
Taxatlon
During the current year the company has only been involved in charitable act¢vities in furtherance ol ils
charitable objects and is not liable to Income Tax or Corporation Tax.
Page 9

Frfends ol the Derry Walls Ltd
Company Ilmlted by guarantee
Noles to the flnanclal statements {contlnuedl
Year gnded 28 February 2025
Flnanclal Instruments
A financial asset or a linancial liability is recognised only when the company becomes a party lo the
contractual provisions ol the instrument.
Basic financial instruments are initially recognised ai Ihe transaciion prtce. unless the arrangement
conslilules a linancing Iransaclion. where it is recognised at the present value ol the lulure payments
discounted ar a market rate ol interest tor a similar debt inslrumenl.
Llrnllod by gu•r•nlge
Friends ol the Derry Walls Lld is a Tegislered ¢harily limited by guarantee wilhoul a share capital.
Charity Commission ol Nl Numb&r'. NIC 106809
Fund¥
Unre51ricled Revenue Funds -
comprise those revenue funds which the Iruslees are free lo use In
accordance with Ihe company objectives.
Reslricled Revenue Funds -
comprise those revenue funds which have been given lor particular
purposes and projecls.
5. Incom•
Unroslrlclod Rg$lrl¢lod
Funds
Funds
Tolal
2025
Total
2024
Oonallon8 and l•gacl68
Donaiions
540
540
100
Total
540
100
Incomfr Irom charllable aetlvltl•i
Evonls & Prints
Tat41
2,829
2,829
2,829
2,829
P•go10

Frlends ol the Derry Walls Ltd
Company Ilmltèd by guarantee
Notes to Ihe Ilnanclal 8tatements leontlnued}
Year ended 28 February 2025
6. Expendlture
Un4BStrfcled Reslrlcled
Funds
Funds
Total
2025
Total
2024
Ex￿ndItuT• on ¢h#rll•bh •cllvllle•
Room Hire
Insurance
Print suppligs
Prinlino, postage and stationery
Event lees
W9bsi18
Travelling and entertainment
Indèpendent &xamingrs19gS
8ank ehargos
General gxpgnses
550
135
50
486
34
sso
135
50
486
34
19
289
300
57
289
300
57
600
30
1,922
1.922
630
Independent oxamlnor$ r8munerallon
202S
2024
F¢è# payabl8 10
Fees payable lor th8 indèpendent 8xaminalion ol the linancial slalemènls
300
600
Employee numbgr¥
The average numb8r ol p¢rsons employed by thè company during lh& yoar arnounled lo Nil12024: Nil).
There were no person$ employed by the charity during the period.
No remuneration was paid and no ex￿n$85 wgre reimbursed lo the Iruslees during the period.
The Iru5te¢s are the key management personngl ol rhe enlily.
Credltors: amounts falllng due wlthln one year
2025
2024
Trade creditors
Accruals
300
900
600
1,200
600
Page11

Frlends of the Derry Walls Ltd
Company Ilmlted by guarantee
Notes to thè flnanclal statements lcontlnuedl
Year endod 28 February 2025
10.
Analysls of charlt•bl8 funds
Analy$lg ol movemonls In unr&glrlct8d fundy
Balance at IncomlngRe8ources
Funds at
181 Mar .24 Re80urces Expended Tran8f•r8 28th Feb'25
General Fund
2,041
2,960
11.8311
3,170
2,041
2.960
11.8311
3,170
Bllaneo it
IncomlngRewurce$
Fund8 at
1st Mar'23 Regources Expgnded Transtern 28th Feb .24
General Fund
2,571
100
16301
2,041
2,571
100
16301
2,041
Nam• of r•8trlcted lund
General Fund
D•icrlptlon of the Fund
Funds which the Trust Is able lo apply freely in pursuit ol ils own
charilable obieciives and related purposes.
Analy818 of movements In r•$lrlrA•d fund8
B8lanc• at IncomlngResOur￿5
Fund8 It
181 Mar'24 Resource• Expended Tr8nsfors 28th Fob .25
Roslricléd Fund
Balance at IncomlngAo$ource$
Fund$ #l
l•1 Wlar '23 Resourc•• Exp•nd•d Tr•n8f•r• 28th F•b'24
Reslricled Fund
Reslricled Fund
Funds which the Trust appli8s for particular purposes and projgcls in
F)ursuii ol its charitable obigclive5
P•go 12

Friondg of the Derry Walls Ltd
Company limited by guarantoe
Note$ to thè Iln•nclal statements {contlnued)
Year ended 28 February 2025
ATralysls of nel assets betwoon fund¥
General Restrl¢te¢fotal Funds
Fund
Fund 2025
4.688
4,688
Cagh at bank and in hand
Other CUTrent assets
Current liabilities
11.2001
11,2001
Total
3.488
3,488
General Re$trlcterfolal Funds
Fund
Fund 2024
2.641
2,641
Cash at bank and in hand
Other cuirent assets
Current liabs'lilies
16001
16001
Total
2.041
2,041
11.
Events after the end of the reporting pariod
Subsequenl lo the year end, the company was Struck off and dissofved by the 14egislrar ol
Companies on 51h August 2025. The dissolution arose following the late filing ol the companls
Confirmation Slalement. At the date ol dissolution the charity was solvent and continuing ils
charitable activities. The Irusiees are taking steps to restore the company to the register and
believe that restoration is likely lo be successful. The financial staternents have therefore been
prepared on a going toneefn basis. However. the dissolution represents a material uncertainty
wh￿h is described lurlher in the goin9 concern policy.
Page 13