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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
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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
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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
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