Re91Sted number.. N1068079 FOUNDATION (NORTHERN IRELAND) (a company limited by guarantee. not having a share capltal) REPORT AND UNAUDITED FINANCIAL STATEMENTS For the year ended 28 February 2022 4Jcuwbc' OSK1112024 COWANIES HWSE JNI
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Foundation (Northern Ireland) Report and Unaudited Financial Statements For The Year Ended 28 February 2022 Contents Page Company Inf0Mon Trustees. Rep¢Jrt Independent Examinerfs Report Statement of Finonclal Activity Summary of Income and Expendrture Balonre Sheet Notes to the Flnano)15tstements
Foundatlon (Northern Ireland) Company Informatlon For The Year Ended 28 February 2022 Trustees )ame5 Dominic Rupert Holmes Catheme Ann Carr (re99nel on 31 October 20221 Company Numbev r068079 eglstered Offl¢e Camegie Library 121 Donegall 6eWast BT12 5JL Independent Ex•mlner F10ft & Partners Accountancy LLP 27 Oks Gloucester street Londc WCIN 3AX Bankers Barclays Bank PLC LE87 288 Page I
Foundatlon (Northern Ireland) Company No. N1068079 Trustees Report For The Year Ended 28 February 2022 The trustees presenr their Trustees, Annual Report. combinin9 rhe Thrertors. Report and Trustees, Report. and the unaydits¢ financial statements for the financkil year entjed 28 February 2022. The finoncial statements are prepared in accordance with the CompanSes Aa 2W6. FRS 102 Tr Financial Reporting Standard appllcable in th¢ UK and Republic of Ireland- and Accounting and Reportin9 by Charitles.. Statemeni of Recommen¢Jed Practice appllcable to chèritles preparing Iheir financial statements In accordance with the Financial Reportlng Standard applicable in the VK and Republic of Irend {FRS 1021. The Trustees, Report contalns the Snformatlon reqvlred to be in the Trnstees, Annual Report under the Statement of Recommended Practice ISORPI guidelines. The trustees of the company are also charriry trusrees for the pwpose of charity law and under thè company's constitution are known as members Dr the board of trustees. In thls report the trustees of Faundation (Northem Ireland) presefit a summary of its purpose, 90vernae, activities. achievements and finances for the financial year 28 Febfuary 2022. The company Is a reqistered £har¢ty ènd hence the report results are presented In a forni which complies with the requlremenLS of the Companles Art 2006 an¢ rhe Statemenr ol Recomrnended Ptattice ISORPI as issued by the Charlty Cornmissioners for England and Wales. Re¥iew of Arti¥ltles, AChIe¥eme¢ and Performa¢ For the year ehd 28 February 2022, Foundation (Northern Ind) conb.nued with its progrnmmes, coverin9 reporta9e on events and artivitie5 on the theme of a shored future.. providing secretariat services for the Forum for Citie5 in Transition- provldlng a fact-checking service. FactCheckNI- developing an arthiiertural heritage prolect. Carnegie Oldpark, for urban regenerarion In North Belfast. Forum lor Cities in Transition The Northern Irdand Foundatlon continue(1 to wo¥ide seuetariat ser¥Kes to the Forum. whith Is an inrernaiional network of mLJnicipalities in contested sotieties. Carnégie Oldpark Carnegle Ol¢park Is a bulldlng of archltettural and herltage slgnfftaftce. hxated in North Belfast. Jt was acqulred by a prSvate owner, who has granted responslbility for Its renovation to the Northern Ireland Foundotion_ The Foundation is worklng In partnership wilh the Lower ldpark Communlty Assocuation. Additionallyi the Foundatlon Is represenied in a North 8¢lfast Heritage Cluster group, with others who are responsible for heritage assets in the area. The Foundation partnered with the Woodland Trnst to provide educaiioAal matsal. Including baby trees io local childrern, with advlce ¢n cultrvatlng them. The Ftyjndation partnered with lecal re9tnerntion charity Groundwork NI to share skills and capacity_buildin9 SUPPOrt te Itxal commun¢ty actlvi5ts. An architectvral. conservat*on and heritage advisory group oversees rhe projeci. to en5 acawacy in the mrthods and tools ¢0 malntain the Integrity of the origlnzl 9Sft by Andrew Carnegie ¢0 the oty. Financial Results At th¢ end of the financial year the company had assets of £27.587{2021 £35.6401 •nd Ihbilltye5 of £660.CKJO 12021 £664,200). The ner Ilabilltles of the company have increased by É8.053. rrustees The trustees who served throughout the financial year. and thanges subsequent to the end of the financial year, were as rollows.. James Dominic Rupert Holmes Catherine Ann Carr Iresi9ned an 31 (Jctober 2022) Compliance wlth Sector-wldè L4glslatlon and Standards The company en9ages pro-actively with legislation. stanL1èrds 4nd (leS Which are develaped for the settor. Founéatlon (Northern Ireland) subscril)es to and is compliant with the Companies Act 2006. Approved by the Board of truslees and slgned on Its behalf bv: James Dominic Rupert Holmes Date Page 2
Foundation (Northern Ireland) Company No. N1068079 Trustees Report For The Year Ended 28 February 2022 Statement of Trust•e5' Responslbllltle$ General respon$itsilltles The trustees {who are also directors of Foundation (Northem Iren> for the purposes of company lawl are re5pon51ble for preparin9 the financial statements In accorda¢ with applicable law and reguLati¢)ns. Company law requires the tmstees to prepare fwnclal statements for eath financial year. Under that law the trustees have elerted to prepare the fioanclal ststements in accori1ance V4Yth United Kingddm Generally Accepte<1 Accounting Practlce {UnKted Kln9dom Accountin9 Standards and applicable law). Under company law the trustee5 must not approve the financial statements unless they are safi¢d that they 9ive è true and faw wew of the srare of affalrs of the eompany and of the ner income or expenditure of the company for that perlod. In preparfng these fin)rKi•l statements. the trustees are require11 to: select sultable accountlng policies and apply them consistentlvi observe the methods and prinCipS in the Charities SORP- mJke Judgemenrs and estimates that are reasonable and prudent: state whether the financial siaternents have been prepared in acctrdance with the relevant finartaal repcrtin9 framewerk, identity fhose standards. and note the effert and the wsons for any material departure from those stantlards; and prepare the financial siaiernents on the gotng tontem baS unless it Is Inapproriate to presumè that thè tompany wlll contlnue In operation. The trustee5 are responsible for keepir•g adeqvate ac(wntlng records that are gjffitiènt to Show and explaln the £offlparts transactions and disclose with reasonab accuracy at any time the financial potion of the company and enable them to ensure that the finandal statements comply with the Companies 2006. They are also pOnSible for safe9varding the ssets of the cornpany ènd hence For takin9 reasonab steps for rhe prevention an(J detection of fraud and other irregvlarities. Appro¥ed by the 8oard of trustees •ttd $19ft On Its b¢half by: James Dominic Rupert H¢lmes Date Page 3
Foundatlon (Northern Ireland) Independent Examiner's R¢port For The Year Ended 28 February 2022 ZThdependent examlther's report to the Trnrtees ol Foundation (Northern Irelathd) I report on the accounts of the tompany fcr the year ended 28 February 2022 whith are set out on gages 4 to 11. Respective responsibilities of trustees examiner The charity's Trustees (also the dirertors of the company for the prSe$ of company lawl ate responsible for the preparation of the accounts in èccordènce with the requirements of the Charibes Act (Northem Ireiandl 2008. Having satisfièd myself that the chartty Is not subject to audit un*Jer company law, and Is eligible for independent examinaty"on, it is my responsl)ility to: e)tamlne the accounts unkler sectfon 65 of ¢he Charities Aa; follow ihe procedures lald +Yown in the general DI¢tiOnS glven by th¢ Charity Commission for Northern IlaTh under settion 65(9llb) of the Chèrities Act: state whether particular matters have come to my attention. 8asls of Independent examln•r's report I have examined your charity accounts as required under secth)n 65 of the Charltles Act and my exwnlnation was carried out In accordance with the 9eneral Directions 9lven by the Charty Cwimi55ion for 140rthem Ireland under section 6519llb} of the Charitles Act. My examinatien induéed a review of the actountln9 records kept by the charity and a compadson of the aount5 presented with those records. It alsts induded consdernbon of any unusual iterns w OlKlosu the accounrs. and seekin9 explanations from you as charity trusrees concerning any such matters. My role is to state whetr any material matters have come to my attenifi givlng rne cause to be16eve.' l. That )ccoyntlng records were not kept in accordance with section 63 of the Chariiies Art 2. That the accourtts do not accord with those accountin9 records 3. That the occounts do not cornpty with the accounting requirements of the Ch)rities 4. That there Is further Inlorn)atkn) needed for a proper un¢Jersrandlng of the accounts to be reached. Independent examinerfs st•temtnt J have completeL5 my examination and have no concerns in pert of the matters {1) to {4} listed above and, in connectlon wlth followlng the Dlrectlons of the Chaty Commlsslon for Northern Iland. I have found no matters Ihal require drawing to your attention. Phlllp Fallon For and on behalf of.. Fallon & Partners Account(Y LLP 27 Old Gloucester Street London WCIN 3AX Oate: Page 3
Foundatlon (Northem Ireland ) Statement of Financial Activity For The Year Ended 28 February 2022 UnRstricted Funds F¥nd5 1022 T¢)¥1 2012 Funds 20II Totsl 2011 1021 zo21 kli¥itie5foryrtin&fund5 539 15.673 26.112 196 30,43S 30.631 R¢sourt¢S¢4nd¢d JWnefunIs Chble¥llle5 5.050 5.0511 19.215 13.575 13.575 5,310 29.115 5.310 Tolal R•s0•s£ 5.1150 29.215 14.265 13.57S 5.310 18.885 NetlrtcomivouTl 14.SIAI P.541 IB.0531 113.37Y 2S.12S 11,746 tnmrnqntltsfvndsl)r .511) (3.541) EB.0531 113.3791 25.125 11.745 Balance5br•uththr¥d # i krrh 1640.4801 16.AlO (624.360 1627.101 16)6,1061 28 Februay (644.9911 32.413 {640.UOI 16.120 1624,3601 TheStatementofFDancialAcUtle5indude5o11 piRsand lOsr(wIllj In the¢&11 IlntomeaAd t<PdItle1daLèlOcoftknnV184£ttl Page 4
Foundation (Northern Ireland) Summary of Summary of Income and Expenditure For The Year Ended 28 February 2022 5ttementol 2012 2021 Unrt5trictLY1fvfS Re5trktalfvfids SJ9 25,673 16,211 30.631 Totsl lrfome Total 15,211 P4.265 30.631 118.885 18.053 11.746 Thecompanyhsno re£1£4 nSor10sotherth3Th IhereKuitsforthehnxrial . ThefelLAtsfortfln*fttlaIjwhÈbkntulltIthQl1I0rf t•stba Pa9e 5
Foundation (Northern Ireland) Balance Sheet As at 28 February 2022 2022 202J Notes Axed Asgets ran8ibleassets C&rtontASSèts h * bankand in hand 27,587 27,587 35,640 35,640 Credltffj:am•vntsfaiingdue ¥AthlThone par {660,OOQ (660.01)0 Net(rrertt Liabilities (631.4131 (624,360 Netllabilltles {632.4131 {624.360 Rtnds IleStri(ted Tru Fuhds General Fund lunrestrict&l) 12,578 1644,9911 16,120 1640.4801 Ttstsl Funds 1632.413 1624,3601 For ihe financial year ended 28 February 2022 the company was entitkn1 to exemption from audit under section 477 of the Companies Act 2006 LitIng ro small companies. The Trustees acknowledge Iheir re$rsibIlitIeS for complykn9 wlth the reqviremers of the Art wlth respert ko accouniing records and the preparatiot) OF finandal statements. The members have not required the comparty to obraln an auth"t of its financial statements for the finanoal year in que511on In accordance wlth section 476 of the Companies Aci 21)06. These financial statements have been prepared in accordance wlth the kYovlsOons appltsble to companies Subject to the small ompanles ceglrne. Approvèd by th• Board of trustees and IffjEa on Its behalf by: James Dominic Aupert Holmes Oate Company Registration 140. N1068079 Page 6
Foundation (Northern Ireland) Note5 to the Financial Statements As at 28 February 2022 Accountlng Pollc5es O•$1s of pieparatfjon The Financ5al statements have been prepared under the historical c05t convention and in accordanee with the Companies Act 2006 and Part 8 of the Charities Art {Northern lielandl 2008. They also compty with the Statement of Recornmenéed practi ISORP 2005, as updated in 20081 and Wbth the financial reporting standards. The fellowin9 accotsr•iing policies have been applled conslstently in dealin9 With items which are considered materlal in relatyon to ihe company's financial SreMentS. Cash flow statèment The company has avalled of the exemptlon In FRS I from the reqvlrement to prTrJuce o ush fiow statement beuuse it is classified as a small company. Incoming Resources Voluntary Income or capltal Is Inclvded In the Statement ol Finanaal Activittes when the comyny Is legally entitled ro It, its rinancial value can be 4uérttified with reasonable Certainty and there is reasonable certainty of its ultimate recelpt. Entitlement to legacle5 15 considered established when the company has been notifie4 of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recognised ès income when the related conditbons for le9al entitlement have been met. All other income Is acceunted for on an accruals bèsls. Tangibl¢ Ilxed Jssets Jnd depreo•tion Tanglble fiKed assets are stated at cost or at valuation. less accunTrulated depredatlon. The eharye to depreoation is calculated to wrtte off the ortginal cost CT valuation of tarHJib fixe¢J assets. less their estimated resioual value. over thelr expected useful lives as lollows.. Plant and machinery.. 20% $Trght Ilne Fixtures, fitiihgs and equipment.. 20% straight line Taxatlon Deferred tax is reco9nised In respert of all timin9 differences that have origlnated but not reversed at the balance sheet date where transacttons or events hove occurreil ai that tlate that will result in aft oblgatIOn to pay more tax in the future, or a right to pay less tax in the future. riming differences zre temporary dlfference5 between the cotnpany's taxable irtcomt and its reSuS as sièted In the financièi statements. Oeferred tax is measured on an undiscovrted bags at the rax rates that are antlclpate(I to appty in the periods in which the riming dlfferences are experteo ro reverse, based on tax rates and laws tlkil hwe been enKted or substantively enacted by the balance sheet date. 2. Incomé Funds 20U 2021 DonatIons-Re5lrtQd Dohations-Unre5trittal 25,673 15.673 539 30,435 196 539 539 25,673 30,631 3. Expendlturo 1022 2021 5,050 s.oso 13,575 Page 7
Foundation (Northern Ireland) Notes to the Financial Statements As at 28 February 2022 20LI 2021 Costof Ch•rlt•bleActJ¥itbes 5,310 Cértot Adt15 2022 2011 pport(sts 3 pportCostCatery3 Gobvnan¢eCa&s(atwryS 2Y.215 29.215 5.310 5.050 5.050 13,575 18,885 5.050 29,215 34,265 Analysis of Support Costs io 2021 pport (•sts3 Support CAkrt¢atwry3 29.215 5,310 5.050 13.575 34.26S 18.885 5. Net inMing resources 2012 2021 Oéprttiation oltanbIt*SsL<S Page 8
Foundation (Northern Ireland) Notes to the Flnancial Statements As at 28 February 2022 Tangible fixed assets Plta)d madnery •Thdfjttl At 10 Febru2021 and 28 F&rU 1022 5,683 332 6.015 A¢uuTwl•tod depred*lan At 28 February2021 and 28 F•bruwy 2022 5.683 332 6.015 Plet book¥au• 28 February 2022 At 13 February 2021 7. thedltors AMOUntsf1lni du• ¥thhlnon• 2022 2021 Amounts(trwed tOconned partle5 cru&s•nd dderrod in<ome 660.LMKI 660,000 660.IXKI 660,0 Resevves 1012 2021 At l March Surp1(defiCltlfor thend¥1 y {624.3601 {636,1061 11,746 At 28129 Febw•y 1632,4131 (624.360 Page 9
Foundation (Northern Ireland) Notes to the Financial Statements As at 28 February 2022 9. Fund$ o<ondJlatlohotffWffl¢lltlntunds Funds At l Mar¢h2020 MD¥ement•Jurin6the&nanciaY year At 28 Februmi2011 P41D¥ement durln£thefinan¢il At 28 Feb2011 (627.101) 113.3791 (9.005 IS,J25 1636,lQ6 11,746 1640,480 16.120 .542 1624,360 (B,053) 1632.413 1644,991 J2.57B Ant01m0meffttsInrt TransfE between fvnds Balance 28 FebNay 2022 8alan(• I A4#r<hioii Int¢wne EwpEndltuY* Restrlrtedtsrtds Don•tlons. r&rirted IlnT•strlcted ndS Donaiions-unrestricted 16.110 25.673 129.1151 J2,578 (640,4801 539 15.050) [644,5911 Totsl funa 1624,3601 26.112 134,165 1632.4131 Cwyent An501 netllabllltlesbyfurtd Ilabllltl•s Retsictedtrurt fvnds 331 331 Unrestrlcted gffiual fvnds 17.156 1660.0001 1660.0001 (632,744 (632.413 27.587 io. status The company Is Ilmited by guarantee not hawng a share cap6tal. The liabilty of the members is limted. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up whsle they are members or within one year thereafter for the payment of the ¢Jebrs anL1 liabilities of the cornpany contracted before they ceased to be members and the costs. charyes and expenses of winding up and for the adjustmeni of the rights of the contributors among themselve5 gJth amount as may be required. not exceeding Él. Page 10
Foundation (f4orthem Ireland) Notes to the Financial Statements As at 28 February 2022 11. Related party trans•rtrons The following amovnls are due to connerted part*5'. 2022 2021 IIntin0]IV 660,000 660,4XJO 12. Post balance sheet events There have been no significant events affecting the charity 51ncE the financial year end. 13. General fnformation Foundation (Northern Ireland) is a private company. limited by guarantee. Incorporated In Northern Lreland. re9Sstere¢ number N1068079. The registered office is Carnegie Librnry. 121 Donegall Road. Belfast. BT12 SJL. Page li