CavanaghKelly' Company Registration Number: N1665358 Charity Registration Number: 105565 st Columb's Hall Trust (Charitable Company Limited by Guarantee) Annual Report and Audited Financlal Statements For the year ended 31 December 2022 *JCBTQJC3* 1110912023 COMPANIES HOUSE JNI CONTEN 022 Page General Information Trustees, and Oirectors, Report Independent Auditor's Report Statement of Financial Activikn'es Statement of Financial Position 9-10 Notes to the Flnanclal Statements 11- 19 st Columb's Hall Trust Char Limited b G rantee GENE Board of Dlrectors / Trustees G P Gallagher O N Gavaghan C McFeely H Qulgley ReglsterÉd Offlce St Columb's Hall Trust Orchard Street Derry Co Derry BT48 6EB Company Registratlon Number N1665358 Charity Registration Number 10556S Auditors CavanaghKelly Chartered Accountants 36-38 Northland Row Oungannan Co Tyrone 8r/i 6AP Baftkers AIB (NI) PI¢ Meadowbank Strand Road Derry Co Derry 8T48 7TN Solicitors Edwards and Co 28 Hlll Street 8elfast BTI 2LA Cavana9hKellyi Chartered Accountants & Statutory Auditors Po8e12 mb, eco Tru EES, Tfort d31Dec r 2022 The Oirector5, who are the trustees for the purpose of ch4yrity law, have Pleasu￿ in presenting thelr report and the unaudlted flnancial statements ol the charltable company for the year ended 31 Oecember 2022. The financlal 5tatemenis have been prepared in accordance wlth the Statement of Recommended Practlce "Accountlng and Reporting by Charities" (FRS 102) and the Companles Act 2006. Reference and Adrninlstration Detalls The reference and adrninistration details of the charitable company are as shown on page 2, Objectives and Activltles The principal activity of the charltable company Is to protect and preserve a key heritage asset, St Columb's Hall, and provide cultural facillties w5thin the hall. These facilities include a music venue, meetlng and rehearsal spaces and clnema. The charitable company holds a thlrty-year lease with the private company who owns the buildln9. The charitable company's strateglc objectlves are: l To advance arts, culture and heritage In the city of Londonderry l Dery (the City) by: a) establlshing and managlng cultural and soclal amenities and facilities,. b) or9anl.sing, promotlng and presentSng entertalnment Includlng concert5, pe.rformanc.p.4 and events; c) providing communlty and arts programmes to meet the needs of the whole cornmunity. and d) protectingi malntalningi repalrlng and preservlng St Columb's Hall in the City and other bulldings In the Clty of archltectural and hlstorlcal Interest: 2 To provlde facilities In the Interests of social welfare for recreation and other leisure time occupatlon with the object of Improving the conditions of life of members of the publlc; 3 To advance educatlon by the provlsion of training facllitles and In particular In the appreciation and practice of the arts and creativity includlng music, film, cineme, dance, drama, Ilterature and performlng, partlclpatory and v15ual arts,. 4 To advance human rlghts and reconcillatlon through the advancement of peace and good cornmunlty relatlons. Public Benefit Statement The Directors of St Columb's Hall Trust conflrm that they have complied with their duty urtder sectlon 416) of the Charitles Act (Northern Ireland) 2008 to have regard to the Charity CommSs5ion for Northern Ireland's 9uldance on publlc benefit and that the public benefit requlrement has Informed the activities of the charitable company In the year ended 31 December 2022. Achlevements and Pertormance Durlng 2022, the charitable company secured additlonal funding to carry out repalrs to St Columb's Hall and carried out various works. Cavana9hKellyi Chartered Accountants & Statutory Auditors Pa8e13 um Tru Co ORT for the ear 022 Continu Financial Review Financial Performance The charlty earned net incornlng resources of £72,9IS in the year ended 31 Oecember 2022 (2021 net incoming resources of £33,683). PrSnclpal sources of fundlng and how thls has supported the key objectives of the charltable company are disclosed in the notes to the financial statements. Reserves Policy St Columb's Hall Trust needs reserves in order to rneet its fSnanclal cbllgations the lease and running costs of the hall, the costs of delivering its charitable activities, employing staff and adrnini5tering the charlty. At 31 December 2022, £44,631 of its reser¥es were unrestricted and these are held for three purposes: General funds While every effort Is made to secure funding for, or contrlbutlon towards, core running costs, thls Is not always posslble. In additlon there Is an Inherent rlsk In dellverlng events where an element of costs may be varlable. Reserve funds Given the condltlon of St Columb's Hall, urgent unforeseen remedlal works may arise In the future as well as legal, regulatory and contractual obllgatlons; Designated funds allocating surplus unrestr5cted income towards the cost of planned repalrs and maintenance. The directors / trustees have set a target of malntalnlng unrestrfcted reserves capable of meeting six months of running costs, salaries, admln15trative costs and planned malntenance 05ts. The dlrector / trustees wlll monitor and review the charity'5 flnanclal performance and the reserves pollcy. structure Governance and Management Organlsatlonal Structure The charltable company Is a company limited by guarantee, not havlng a share capltal. The charitable company was established under a Memorandum of Association which establlshed the objects and powers of the charitable company and is governed under its Articles of Association. In accordance wlth the Artlcle5 of As50cSatlon, the members to retlre by rotation shall be those who have been longest In office since thelr last election, and the relevant motion will be put at the Annual General Meeting. A retirlng member shall be ellglble for re-election. Dlrertors The Directors during the year a￿ the same as the Olrertors as Ilsted on page 2. raxation Status The charitable company Is recognlsed as a charity by HM Revenue & Customs. Accordlnglyi the charltable cornpany has avalled of the exemptions contained In Chapter 3 Part 11 Corporatlon Taxes Act 2010 and Section 256 Taxatlon of Chargeable Gains Act 1992. Dlrectors. Responslbllltoes The Dlrectors are responslble for preparlng the financial statements in accordance wSth applicable law and Unlted Klngdom Accounting Standards (Unlted Kingdom Generally Accepted Accounting Prattice). CavanaghKellyi Chartered Accountants & Statutory Audltors Pag¢14 St Columb's Hall Trust blec ar ded3 em Co Company law require5 the Dirertors to prepare financial statements for each financial year which glve a true and falr vlew of the state of the affalrs of the charitable company and of the incoming resources and application of resources, Including the income and expenditure, of the charitable company for that year. In preparing these financial staternents the Directors a reqUI￿d to.. select 5Ultable accounting policies and apply them con5i5tently; observe the methods and principles in the Charities SORP (FRS 102); make judgements and estimates that are reasonable and prudent," state whether applicable UK Accountlng Standards have been followed, subject to any material cleparture5 disclosed and explalned In the financial statements,. and prepare the financlal staternents on the going concern basis unless it is Inappropriate to presume that the charitable company will contlnue in operation, The Dlrectors are re5ponslble for keeping adequate accountlng record5 that dlsclose with reasonable accuracy at any time the financial posltion of the charStable company and enable them to ensure that the financial statements cofflply with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charltable company and hence for taking reasonable 5feps for the preventlon and detection of fraud and other irregularltie5. Small Companles Exemptlon The above report has been prepared in accordance with the special provislons relating to small Companies within Part 15 of the Companies Act 2006. Auditor The audltor, CavanaghKelly, will be proposed for reappolntment In accordance wlth sectlon 485 of the Companies Act 2006. Thls report was approved by the Board of Directors on 20 June 2023 and slgned on Its behalf by.. R¢g•stered offlce: St Colurnb's Hall Orchard Street Derry Co. Derry BT48 6EB Mr Conal McFe Chairperson, D rector a Trustee an Re istratbon Number: N16 5358 Re Istration Nu ber: 107565 Chari CavanaghKellyi Chartered Accountants & Statutory Auditors Page15 St Columb's Hall Trust art Lim "ted b Gu te DIT nded 3 'S REPORT T December 2022 HEOI ear Opinion We have audlted the financial statements of St Columb's Hall Trust for the year ended 31 Oecember 2022 which comprise the Statement of financial Activities, Statement of Financial Position and the related notes to the financlal statements, Including a summary of slgnlflcant accounting pollcies. The financlal reporting framework that has been applied in thelr preparation is applicable law and Unlted Klngdom Accountlng Stondard5, including FRS 102 "The Financial Reporting Standard appllcable In the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice). Th15 report Is made solely to the charftable company's dlrectors I trustees, as a body. Our audit work ha5 been undertaken so that we mlght state to the charftable company's dlrectors I trustees those matters we re requlred to state to them In an auditor's report and for no other purp05e. To the fullest extent perrnltted by law, we do not accept or a55ume respon51bllity to anyone other than the charltable companv School and the dlrectors / trustees a5 a body, for our audlt work. for this report, or for the opinion5 we have fornied. In our oplnion the financial statements: glve a true and lalr vlew of the state of the charitable company's affalrs as at 31 Oecember 2022 and of Its Income and expenditure for the year then ended; have been properly p￿pared In accordance wlth Unlted Kingdom Generally Accepted Accountlng Practice. Basls lor oplnlon We conducted our audlt In accordance wlth Internatlonal Standards on Audltlng (UK) (ISAS (VK)) and ppllcable law. Our responslbllltles under those staiidards dre fUrth￿r descrlbed In the Auditor's responslbllltles for the audlt of the flnanclal statements sectlon of our report. We are Independent of the chadtable company In accordance with ethical requlrements that are relevant to our audit of the flnancial Statements In the UK, Including the FRC'5 Ethlcal Standard, and we have fvlftlkd our other ethical re5ponsibilltle5 In accordance with these requlrement5. We beliove that the audit evidence we have obtalned is sufficlent ahd approprlate to provide a basls for Our oplnlon. other Inlormatlon The dlrectors I trustees are responsible for the other inlormation. The other Information comprises the information included in the Trustee's Report, other than the flnanoal statements and our Audltorfs Report thereon. Our Opinion on the financial statements does not Cover the other Information and, except to the extent otherwlse explicitly stated In our report, we do not express any fom of assurance conclusion thereon, In connertlon with our audit of the finandal statements, our responsibility Is to read the other Informatlon and. In dolng so, conslder whether the other informatlon is materially inconsistent wlth the financial statements or our knowledge obtained In the audli, or othenNise appears to be rnèterially misstated. If we Identlfy such material Inconsistencies or apparent material mlsstatements, we are requlred to determine whether there is a material misstatement in the financlal statements or a material misstatement of the other information. If, based on the work we have performed, we condude that there Is a materlal mi5Statement of thi5 Other informotlon we are required to report that fact. We have nothlng to report in this regard. Opinion5 on other matter5 In our opinion, based on the work undertaken In the course of the audit: the information given in the Trustee5' Report for the finanoal year for which the financial statements are prepared Is consistenl %¥ith the financial 5taternents; and the Tru5tee5' Report has been prepared in accordance with appllcable legal requlrements. CavanaghKelly• Chartered Accountants & Statutory Auditors Pa8¢16 tcol Ch rl Hall Tr INDEPE DENT AUDITOR. EP Matters on which we are required to report by exceptson In the light ol our knowledge and un(krstanding of the charitable company and its environment obtained in the C￿rse of the audit, we have not identsried material mlsstatements in the Tntstees. Report. We have nothin9 to ￿port In respect of the following matters if. in our opinion.. adequate accounting records have not been kept, or ￿tUrnS adequate for our audit have ￿t been re￿iVed froffl brnnches not visited by us; or the financial statements are not In agreement with the accounting records and retums; or certain disclosures of remuneration specified by law are not made: or we have not ￿ceiVed all the Information and explan4tlw5 we requi￿ for our audit. Responslbilities of Oirectors / Trustee5 As explained more fully in the Directors. / Tnjstees. Responsibilities Statement, the directors I trustees are ponsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such Intemal control as the dI￿torS I trustees deterrnine is necessary to enable the preparation of financial statements that are r￿e from material m15Statement, whether due to fraud or error. In p￿parIng the financial statements, the governor5 are responslble for assessing the charitable company's ability to continue as a going concern disctr)sing, as applicable, mattels related to going concern and using the going concem basis of accounting unless the directo￿ I trustees either Intend to Ilquidate the charitable company or to cease operatlons or have no realistic alternatlve but to do 50. Auditor's responsibilities for the audit of the finanaal ststements Our objectives are to obtaln reasonable assurance about whether the finanoal statements a5 a whole are free from material misstatement, whether due to fraud or error. and to Issue an Auditor's Report that includes our opinion. Reèsonable assurance is a hlgh level of assurance but is not a guarantee that an audit conducted in accordance with ISA5 (UK) wlll always detect a material mlsststement when it exists. Misstatements can arlse from fraud or error and are considered material If, Indivldually or In aggregate, they could reasonably be expected to influence the etonomlc decisions of users taken on the basis of these financial statements. A further description of our responslblllties for the audlt of the finar￿la1 staternents is ILKated on the Financial Reporting Counol'5 webslte at www.frc.or9,uk/auditorsresponsibllitles. This description forms part ¢f our audltor's report. Mr Ryan Falls FCA (Senlor Statutory Auditor) Date: 20 june 2023 For and on behalf of CavanaghKelly Chartered Accountants & Registered Auditors 36 - 38 Northland Row l)ungannon Co. Tyrone 8T716AP CavanaghKelly• Chartered Accountants & Statutory Auditors F FINA v￿T ilnr¢•ttided Fufids Utsr¢strttld Desl9ThDr•d F￿￿05 Tot•l fun4$ Pund• 2022 2022 20ZZ 2012 2021 Z021 2021 2011 INCOME AND eNoowMtWTS t￿￿￿•ble AcUvlt1•5 (Note 3) tk>ftS and Lego¢les Ip40te 3) Inv•#mgnt Inwm• INQEI 31 TOTAL INCOME AND eNoowMENTS Js,ois 35.OAS JJ8,607 1,744 11?.514 1,744 IA7,514 Ze2,1?6 gi,446 2BI,176 JY3,OlZ 119.258 119.258 It£$OURCES EXPEIIDED Ch•rtt•ble Artlvtl*s (Noti 41 TOTAi AISOLIA¢eS EXPe14DED 64,284 64,294 263,469 163,469 5a7.753 327,753 15,5?5 85,575 ¢s.s Il•t Incomlnql{outgalngl rt￿lIrt•* Ivv th• y￿r ?7,162 18.707 45.B6• 33.683 3),18J Tron51ern b•h¥**Th Ivhds 9,5771 27,046 9,577 Oalance brDu9hl forwthré 27,046 16,637) Oal•nc• c4rrl•d lorw•td 44.631 28,204 71,913 27,04 Z7.046 The above Statement ol Flnènclal Actlvltles Includes all Snformatlon as required to be dlsc105ed by the Companles Att 2006. All ol the actlvifies of the cttaritoble company are classed as contlnulng. The Stètèment of Flnanclal Activltlès includes all galns and I¢>sses recognlsed durln9 th• year. The notes on pa9e$ 11 to 19 lorm an integral part of thè Ilnènoal 5tat*ments. C•vanaghKelly* Chartered Aecount•nts & Statutory Audltors PAi¢18 St Columb's Hall Trust ritable Com an ited b Guarantee STATEM NTOF INANCI L POSITION December 2 Note 2022 2021 Non-current Assets Property. Plant and Equipment Current As5et$ Recelvable5 Cash and cash equivalents 5,050 2,940 83.789 36,671 Payables: Amounts fallin9 due wlthln In one year io 10,874 9,625 72.915 27,046 Net current assets Net Assets li REPRESENTED BY: Unrestricted funds Restricted funds Deslgnated funds Total Funds 12 12 12 44,631 28,284 27,046 The Directors, staternents shown on the followlng page form part of this Statement of Flnanaal Posltion. Cavana9hKellyi Chartered Accountants & Statutory Auditors Page19 Trust Guar STATEMENT OF FIN CIAL POSITION t 31 Decemb r 2 22 These financial statements have been prepared in accordance with the provisions applicable to small companies regime within Part 15 of the companies Act 2006. For the financial year ended 31 December 2022 the company was entitled to exemptlon frorn audit under sLYtion 477 of the Companies Act 2006. The Directors confim) that the members have not required the company to obtain an audit of Its financial statements for the year in question in accordance with section 476 of the Companies Act 2006. The Directors acknowledge thelr responslbilities for ensurlng that the chadtable company keeps accountirig records whlch comply wlth SectSon 386; and for preparing flnancial statements which glve 3 true and fair view of the state of affairs of the charltable company as at the end of the financial year and of its incoming or outgoing resources for the financial year in accordance wlth the requirements of sections 394 and 395 and which otherwise comply wlth the requlrements of the CornpanSes Act 2006 relatln9 to flnanclal statements, so far as appllcable to the charitable company. The notes on pages 11 to 19 form an integral part of the financlal statements. The financlal statements were approved and authorised for 155ue by the Board of Directors on ?.0 june 2023 and slgned on thelr behalf by: Mr Conal McFe Chairperson, Di Mr Gerard P G agher Honorary Treasurer, Direc ector an rustee r and Trustee tlo Num N1665 ration Number: 107565 Re is CavanaghKellyi Chartered Accountants & Statutory Audltors Pa8¢110 b's Ha Charit b Com Tru Limite arant NOTES TO THE F Fo eare ANCIA TEMENTS er 2022 I. GENERAL INFORMATION St Colurnb's Hall Trust is a charitable company limited by guarantee incorporated In Northern Ireland. In the event of the charitable company belng wound up, the liability in respect of the guarantee is lirnited to £1 per member of the charitable company. The address of the regIste￿d office is as shown on page l. The charltable company constitutes a publlc beneflt entlty as defined by FRS 102. The flnancl41 statements are stated in E sterllng whlch is the functional currency of the charitable company. 2. ACCOUNTING POLICXES The following accounting policie5 have been applied conslstently in dèallng with Items whlch are considered material In relation to the charitable company's flnancial statements. 2.1 statement of Compllance The financlal statements have tseen prepared In accordance wlth Accountlng and Reportln9 by Charites.. Statement of Recornmefided Practlce (SORP) appllcable to charities preparlng their financial statements In accordance wlth the Flnancial Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102) effective l January 2019 (Second Edition), the Flnancial Reportlng Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companles Act 2006. 2.2 Basls of Preparation The financlal statements are prepared on a going concern basis under the historical cost convenllon unless Other*vlse stated in the relevant accounting pollcy. Historlcal cost is generally based on the fair value of the consideration given In exchange for assets. 2.3 Cash Flow Statement The charltable company has applied Update Bulletln 2 as publlshed on 5th October 2018 (effective l January 2019) and does not include a cash flow statement on the 9rounds that it is applying FRS 102 Section IA. 2.4 Income and Endowments (i) Charitable Activities Income from charitable activitles includes income received under contract or where entitlement to grant funding is subject to specific perforrnance conditions. It is recognised as earned as the related servlces or goods are provided. Grant income is recognised in the Statement of Financial Activities when receivable. Grant income included In thls category provides funding to support projects and Is recognised where there is entitlernent, certainty of receipt and the amount can be measured with sufficlent reliablllty. cavana9hKellyi Chartered Accountants & Statutory Audltors Pa8elll St Columb's Hall Trust ritable Co te CIAL STATEMENTS ded 31 ued 2. ACCOUNTING POLICIE5 (Continued) 2.4 Income and Endowments (Continued) (11) Donatlons and Le9acles Donatlons and Legacy Income includes Incoming resources from gifts, donatlons and grants and Is recognlsed In full in the Statement of Financial Activities when ￿ceIvable. Activities for generating funds a￿ commercial activltles whlch are recognised as earned when the related goods and senlices are provided. 2.5 Expendlture Expendlture Is recognlsed when a Ilablllty Is Incurred. Corttrattual arrangements and performance related grants are ￿cogniSed as goods and seryices are supplied. Where costs cannot be directly attributed to a particular heading, they have been allocated to activities on basis consistent with use of resources. Staff costs and overhead expenses are allocated to actlvitles on the basis of staff tlme spent on those activlties. (l) Charltable Artlvltles This comprises all the resources applled by the charitable company in undertaklng its work to meet its charitable objectives. Charitable activities wlll include the costs of governance arrangements which relate to the general running of the charltable company. 2.6 Fund Accountlng The charitable company has three types of funds for which it is responsible at the year end: Unre5trlct¢d Funds - Funds which are expendable at the discretlon of the Dlrectors In furtherance of the objectives of the charltable company, In addition, funds may be held in order to finance capltal Investment and worklng capltal. Deslgnated Funds Monies which has been set aslde to cover costs should there be a Significant and unforeseen reduction In funding. Restricted Funds - Monles received for specific purposes. Such purposes are withln the overall airns of the charity, CavanaghKellyi Chartered Accountants & Statutory Auditors Pa8cI 12 st Columb's Hall Trust Charit ble Com an Lim Guarantee NOTES TO THE FIN eare NCIAL STATEMEN 31De ember 202 Co tinued 2. ACCOUNTING POLICIES (Continued) 2.7 Trade and Other Payable5 Trade and other payables are initially recognised at falr value and thereafter stated at cost. 2.8 Taxation As a charity. the charitable company Is not liable to Corporation Tax. 2.9 Cash and Cash Equlvalents Cash and cash equivalents includes cash in hand, deposits held at call wlth banks. Other short term highly liquld Investments wlth orlginal maturities of three rnonths or less. 2.11 CrStlcal accounting estimates and judgements In the appllcatlon of the Charity's accountlng pollcSes, the Trustees are requlred to make Judgements, estimates and assumptions about the carrying value of assets an(1 Ilabllities that are not readily apparent from other source5. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estlmates and underlylng assumptlons are revlewed on an ongoing basls. Revlsions to accountlng estimates are recognised In the period in whlch the estimate is revlsed were the revision affects only that period, or in the perlod of the rev55ion and future perlods were the revislon affects both current and future periods, Crlticaj Judgements In applying the entity s accounting policies There are no critical Judgements In applying the company's accountlng policles. Critical accounting estimates and assurnptions There are no accounting estimates in applying the company's accounting pollcles. CavanaghKellyi Chartered Accountants & Statutory Audltors Pogel 13 Stco NOTES TO TH FIN Continued IDe 2. ACCOUNTING POLICIES (Contlnued) 2.12 Financial Instruments (i) Financial assets Baslc financial assets, including trade and other receivables, cash and bank balances and amounts owed by related partles and are Initially recognised at transaction price, unless the arrangement constitutes a flnanclng transactlon, where the transartlon Is measured at the p￿sent value of the future receipts discounted at a market rate of interest. Such assets are subsequently carrled at amortised cost usSng the effectlve Interesl method. At the end of each reportlng period financial assets measured at amortlsed cost are assessed for obJective evldence of impalrment. If an asset Is Impalred the lrnpairment Ioss is the difference between the carrylng amount and the present value of the estlmated cash flows dlscounted at the asset's orlglnal effective interest rate. The Impalmient loss Is recognlsed In profit or 1055, If there Is decrease In the Impairment loss arlslng from an event occurrlng after the Impalrment was recognised. the Impalrment Is reversed. The reversal is such that the current carying amount does not exceed what the carrylng amount would have been had the impairment not prevlously been recognised. The impolrment reversal Is recognlsed In proflt or loss. Flnanclal assets are derecognlsed when (8) the contractual rlghts to the cash flows from the asset expire or are settled, or (b) substantlally all the rlsks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained sorne significant risks and rewards of ownershlp, control of the asset has been transferred to another party who has the practlcal ablllty to unllaterally sell the asset to an unrelated thlrd party without imposing additional restrtctions. (il) Flnanclal Ilabllitles Baslc financial liabilities, Including trade and other payables, bank loans and overdralts and amounts owed to related partles are initially recognised at transaction price, unless the arrangement constltutes a Ananclng transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt Instruments are subsequently carrled at amortlsed cost, uslng the effective interest rate method, Fees pald on the establlshment ol loan faclllties are recognlsed as transaction costs of the loan to the extent that it Is probable that some or all of the f Is stated after charging1(crediting): 2022 2021 Auditors Renumeration 3,985 3,076 6. STAFF COSTS AND EMPLOYEE BENEFITS The average number of persons employed by the charltable company during the year was 2 (2021 0). The total staff costs and employee's benefits was as follows; 2022 2021 Wages and salarles (Including 50clal securlty) Penslon costs 53,639 7. DIRECTORS. REMUNERATION The Olrectors nelther received nor walved any remuneration or any other benefits during the year and no relmbursements of expenses Incurred. CavanaghKelly, Chartered Accountants & statutory Auditors Pagel 18 st Tru ar Co ee NO For TATEME ber 20 7. RECEIVABLES 2022 2021 Accrued Income . PAYABLES: AMOUNTS FALLING DUE WITHXN ONE YEAR 2022 2021 Trade payables Accruals 5,595 5,595 9. ANALYSIS OF NET ASSETS Unrestrlcted Restricted Deslgnated Fund5 Funds Funds 2022 2022 2022 Total Funds 2022 Totsl Funds 2021 Propertyi Plant and Equipment Current Assets Cu rrent Llabilitles S5,S05 28,284 83,789 36,671 10. ANALYSIS OF FUNDS Opening Balance Income Expenditure Transfer Between Funds Closing Balance National Heritage Lottery Ulster Garden Villages Future Screens Nl Communlty Ownership Restrlcted Funds 38,457 40,000 21,919 181 800 282,176 48,033 40,001 21,919 153 516 263,469 9,576 9,577 28,284 Unrestricted Funds 27.046 91,446 64,284 (9,577) 44,631 Total Funds 373 622 327 753 72,915 CavanaghKelly. Chartered Accountants & Statutory Auditors Po8el 19