**REGISTERED COMPANY NUMBER: NI654548 (Northern Ireland) REGISTERED CHARITY NUMBER: 107122** Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for Foyle River Gardens L Duffy & Co Chartered Accountants 12 Queen Street Derry BT48 7EG Foyle River Gardens Contents of the Financial Statements for the Year Ended 31 March 2025 |||Page|| |---|---|---|---| |Report of the Trustees||1|| |Independent Examiner's Report||2|| |Statement of Financial Activities||3|| |Balance Sheet|4|to|5| |Notes to the Financial Statements|6|to|9| |Detailed Statement of Financial Activities||10|| IL River Re ort ofthL'frustLes l()r thL YL(w l-,ndLd 31 M h 202 The trustLL'5 who arL' also direclors ol the Charity tor the purposes ol- IhL CompJnics Act 2(N)6. pre￿nI their rLport wilh the linancial latLmLnl% u1- Ihc charity tor Ihc ycar cndud 31 March 2025. 'fhL Irugtcls l)avL' adoplL'd IhL provisions of Accounting and RLPOrting by CliariliLS.' SialLmLnl ol. RcconiniLiidcd PraLtiLL applicablL to Lh(wili¢% pr¢'paring thLir uccounls in a¢cordartLL' with the finalicial RLPOrting Si¢indard appliLabl¢ in IliL UK and RLpublic ol. Ircland Il". RS 1021 l¢ll¢LtivL l .lanuary 20191. STRUCTVRE. GOVERNANCE AND MANAGEMENT Governing dooument 'li¢' chdrily is LonirollLd by its govLming documenl. a dL¢d ol. IrusL and Lons1itulL% a limitLd company, limilLd by guaranliL. &$ dLlincd by IhL C()nipuniLS ALI 211n(i. REFEREIYCE AND ADMINISTRATIVE DETAILS Registered Company number N1654548 INorth¥rn IrL.landl Registered Ch*rlty number 11171?2 Reglstered office Llo I l()lywill l)iV¥PieLil PartnLr.ship 111-14 Ili.shc)p SirL'LI C(). l.onduiidL'rry 11.1.48 61)W Trusttts l)L'anL' I)irLLI(Ir I,. l)unnL I)irL'Llor G I,; KLlly l)irL'ulor A l) Si¥LK'iiLy Dir¥Llur Company Seerttary InnovillL-Ni i.td Independent Examlner l.uuriL I)ully l. l)ully & Co ChartLr¢.d A¢c()uni4inLs 12 QuLLn SirLLI l)L'iiy 13.1.48 71.;6 ApprovLd by ordLr ot IhL l)oard ot IrustLCS on 26 July 2025 and signLd on il% bLhaifby.' l.. I)c(￿￿- 'I'ru%lL' Ind Lndcnt l-,xaminLV.s RL IL RivLr Cidr ort to the-frusteL'.% of Independent examiner's report to the trustees of Foyle River Gardens ('the Company,) I rLPI)t1 to thL Lhai'ity trustLLS on my Lxan)iiialion ol'ihe ac¢nunls Ot'thc Coiiipany lor IhL ycar cndLd 31 March 2025. Respon5ibilitie5 And bASiS of report IhL Lhdrily'5 Iru%tLLS orth¢ Loii)pany {and also ILS directors lor the purpc)sLg ol-ci)mpany law} you are responsible lor thL prcparalion ol'thL aLLounls in aL'LordaiiLL' wilh thL rL'quirL'niLnts of thL Compani¢% Act 200() ('Ihc 20(16 Act'l. l.laving .satisfiLd mys¢lf thal thc accounls ot thc Company arc nol rL'quifL'd lo bL audited under Part 16 of the 20116 Act and arL LligiblL lor iiidLpLndLnl L'xan)iiiatiun, I r¢port in rcspLct DI. my ixaminatii)n ol. your Lhai'ily's aLcounis LarriLd out undLr SLLlion 145 cil. IhL ChUnrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
5
38,000
**CURRENT ASSETS**
Debtors
6
154
Cash at bank
42,628
42,782
**CREDITORS**
Amounts falling due within one year
7
(8,600)
**NET CURRENT ASSETS**
34,182
**TOTAL ASSETS LESS CURRENT LIABILITIES**
72,182
**NET ASSETS**
72,182
**FUNDS**
8
Unrestricted funds
72,182
**TOTAL FUNDS**
72,182|31.3.24
Total
funds
£
38,000
20
44,594
44,614
(8,600)
36,014
74,014
74,014
74,014| |---|---| ||74,014| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements continued... Page 4 lu RivLr G(IrdL'ns BalancL Shc 31 MarLh 202 on 'rhe￿ Iinancial .slalLmLiIIs have bLLn prL'parL'd in ￿OrdanC¢ with the provi.sions applicablL lo Lharilable companies subjLcI to IhL small oinpanics ￿'giMe. 'I'hL tinancial siatLm¢n13 w￿¢ approvcd by the 14oard or'rrustLes and auihoriK'd lor on 26 ,luly 2025 and iverL signLd on iLs bi'halt by: DL'anL- Tru%lcL I'h¢ notes lorni part ol'thcs¢ linancial staiumLnls Foyle River Gardens Notes to the Financial Statements for the Year Ended 31 March 2025 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 6 continued... Foyle River Gardens Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ## **2. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||31.3.25||31.3.24| |---|---|---|---| ||£||£| |Hire of plant and machinery||-|7,500| ## **3.** ## **TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |||Unrestricted| |---|---|---| |||fund| |||£| ||**EXPENDITURE ON**|| ||Other|9,778| ||**NET INCOME/(EXPENDITURE)**|(9,778)| ||**RECONCILIATION OF FUNDS**|| ||Total funds brought forward|83,792| ||**TOTAL FUNDS CARRIED FORWARD**|74,014| |**5.**|**TANGIBLE FIXED ASSETS**|| |||Land| |||£| ||**COST**|| ||At 1 April 2024 and 31 March 2025|38,000| ||**NET BOOK VALUE**|| ||At 31 March 2025|38,000| ||At 31 March 2024|38,000| continued... Page 7 Foyle River Gardens |Notes to|the Financial Statements-continued|||| |---|---|---|---|---| |for the Year Ended 31 March 2025||||| |**6.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||31.3.25|31.3.24| ||||£|£| ||VAT||154|20| |**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||||31.3.25|31.3.24| ||||£|£| ||Accruals and deferred income||8,600|8,600| |**8.**|**MOVEMENT IN FUNDS**|||| ||||Net|| ||||movement|At| |||At 1.4.24|in funds|31.3.25| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|74,014|(1,832)|72,182| ||**TOTAL FUNDS**|74,014|(1,832)|72,182| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|-|(1,832)|(1,832)| ||**TOTAL FUNDS**|-|(1,832)|(1,832)| ||**Comparatives for movement in funds**|||| ||||Net|| ||||movement|At| |||At 1.4.23|in funds|31.3.24| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|83,792|(9,778)|74,014| ||**TOTAL FUNDS**|83,792|(9,778)|74,014| continued... Page 8 Foyle River Gardens Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ## **8. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |Incoming|Resources|Movement| |---|---|---| |resources|expended|in funds| |£|£|£| |**Unrestricted funds**||| |General fund
-|(9,778)|(9,778)| |**TOTAL FUNDS**
-|(9,778)|(9,778)| |A current year 12 months and prior year 12 months combined position is as follows:||| ||Net|| ||movement|At| |At 1.4.23|in funds|31.3.25| |£|£|£| |**Unrestricted funds**||| |General fund
83,792|(11,610)|72,182| |**TOTAL FUNDS**
83,792|(11,610)|72,182| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General fund|-|(11,610)|(11,610)| ||**TOTAL FUNDS**|-|(11,610)|(11,610)| |**9.**|**RELATED PARTY DISCLOSURES**|||| There were no related party transactions for the year ended 31 March 2025. Page 9 Foyle River Gardens |Detailed Statement of Financial Activities||| |---|---|---| |for the Year Ended 31 March 2025||| ||31.3.25|31.3.24| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Total incoming resources**|-|-| |**EXPENDITURE**||| |**Support costs**||| |**Management**||| |Groundworks|-|7,500| |Insurance|867|833| |Software costs|172|171| ||1,039|8,504| |**Finance**||| |Accountancy Fees|600|600| |Legal|-|500| |Room Hire|63|-| |Bank charges|130|174| ||793|1,274| |Total resources expended|1,832|9,778| |**Net expenditure**|(1,832)|(9,778)| This page does not form part of the statutory financial statements Page 10