CavanaghKel Company Registration Number: N1665358 Charity Registration Number: 107565 st Columb's Hall Trust (Charitable Company Limited by Guarantee) Annual Report and Audited Financial Statements For the year ended 31 December 2023 ADCY7NGR 0311012024 COMPANIES HOUSE A19
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CONTENTS For are IDec 23 Page General Information Trustees, and Directors, Report Independent Auditor's Report Statement of Financial Activities statement of Financial Position 9-10 Notes to the Flnancial Statements
St Columb's Ch ri all Trust Limi ed GENERAL NFORMATION Board of Directors / Trustees A M Doherty (appointed 14 July 2023) G P Gallagher (resigned 30 August 2023) D N Gavaghan C McFeely H Quigley Registered Office St Columb's Hall Trust Orchard Street Derry Co Derry BT48 6EB Company Registration Number N1665358 Charlty Registratlon Number 107565 Auditors CavanaghKelly Chartered Accountants 36-38 Northland Row Dungannon Co Tyrone BT716AP Bankers AIB (NI) PIC Meadowbank Strand Road Derry Co Derry BT48 7TN Solicitors Edwards and Co 28 Hill Street Belfast 8T1 2LA CavanaghKellyi Chartered Accountants & Statutory Auditors Pagc12
St Columb's Hall Trust haritabl Com Limited b ntee RUSTEE D DIRE TORS. REPORT ear ended 31 Decemb r 20 The Directors, who are the trustees for the purpose of charity law, have pleasure in presenting their report and the audited financial statements of the charitable company for the year ended 31 December 2023. The financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (FRS 102) and the Companies Act 2006. Reference and Admlnlstratlon Details The reference and administration details of the charitable company are as shown on page 2. Objectlves and Actlvltles The principal activity of the charltable company Is to protect and presep4e a key heritage asset, St Columb's Hall, and provide cultural faclllties within the hall. These facilities Include a music venue, meeting and rehearsal spaces and cinema. The charitable company holds a thirty-year lease with the prlvate company who owns the bulldlng. The charitable company's strategic objectives are: l To advance arts, culture and heritage in the City of Londonderry / Derry (the City) by: a) establlshing and managing cultural and social amenities and facilitles. b) organising, promoting and presenting entertainment includlng concerts, performances and events", c) provldlng communlty and arts programmes to meet the needs of the whole comrnunlty. and d) protecting, maintaining, repairing and preseniing St Columb's Hall in the City and other bulldings in the City of architectural and historical interest. 2 To provide facilities in the interests of social welfare for recreation and other leisure time occupation with the object of improving the conditions of Ilfe of members of the publlc; 3 To advance educatlon by the provlsion of trainlng facllltles and In particular in the appreclatlon and practlce of the arts and creatlvlty Includlng music, film, clnema, dance, drama, literature and performing, participatory and visual arts. 4 To advance human rlghts and reconclllatlon through the advancement of peace and good community relations. Publlc Beneflt Statement The Directors of St Columb's Hall Trust confirm that they have complied with their duty under section 4(6) of the Charities Act (Northern Ireland) 2008 to have regard to the Charity Commisslon for Northern Ireland's guidance on publlc benefit and that the public beneflt requirement has informed the activities of the charitable company in the year ended 31 December 2023. Achievements and Performance During 2023, the charitable company secured additional fundlng to carry out repairs to St Columb's Hall and carried out various works. CavanaghKelly, Chartered Accountants & Statutory Auditors Page13
St Columb's Hall Trust haritabl Com Limi Guarantee DIRECT RS. EP or d 31 December 2023 Continued Financial Review Financial Performance The charity earned net outgolng resources of £48,097 in the year ended 31 December 2023 (2022: net incoming resources of £45,869). Principal sources of funding and how this has supported the key objectives of the charitable company are disclosed In the notes to the financial statements. Reserves Policy St Columb's Hall Trust needs reserves in order to meet its financial obligations the lease and running costs of the hall, the costs of delivering its charltable actlvltles, employlng staff and administering the charity. At 31 December 2023, £17,708 (2022: £44,631) of its resenies were unrestricted and these are held for three purposes: General funds While every effort Is made to secure fundlng for, or contributlon towards, core running costs, thls 5s not always possible. In addition there is an Snherent risk In deliverlng events where an element of costs may be variable. Reserve funds Given the condltlon of St Columb's Hall, urgent unforeseen remedlal works may arlse In the future as well as legal, regulatory and contrartual obligations,. Deslgnated funds allocatlng surplus unrestricted income towards the cost of planned repairs and maintenance. The dlrectors / trustees have set a target of maintalnlng unrestrScted reserves capable of meeting six months of running costs, salaries, admlnlstratlve costs and planned maintenance costs. The director / trustees wlll monitor and revlew the charity's financial performance and the resenles policy. Structure, Governance and Management Organlsatlonal Structure The charitable company is a company limited by guarantee, not havlng a share capital. The char5table company was established under a Memorandum of Assoclatlon which established the objects and powers of the charitable company and Is governed under its Articles of Assoclation. In accordance with the Artlcles of Assoclatlon, the members to retire by rotatlon shall be those who have been longest In office since their last election, and the relevant motion will be put at the Annual General Meetlng. A retlrlng member shall be eliglble for re-election. Dlrertors The Directors during the year are the same as the Dlrectors as Ilsted on page 2. Taxation Status The charltable company Is recognised as a charity by HM Revenue & Customs. Accordingly, the charitable company has availed of the exemptions contained in Chapter 3 Part 11 Corporation Taxes Act 2010 and Section 256 Taxation of Chargeable Gains Act 1992. Directors. Responsibilities The Dlrectors are responsible for preparlng the flnancSal statements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). CavanaghKelly• Chartered Accountants & Statutory Auditors Page14
st olumb's Hall Trust ble om Limited IRECTO ' REPORT for the ear ended 31 December 023 Conti Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs 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 statements the Directors are required to: select suitable accounting policies and apply them consistentlyi observe the methods and principles in the Charities SORP (FRS 102). make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any materlal departures dlsclosed and explalned In the flnanclal statements; and prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charitable company will continue in operation. The Directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any tlme the flnanclal posltlon of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularitles. Small Companles Exemptlon The above report has been prepared in accordance with the speclal provlslons relating to small companies within Part 15 of the Companies Act 2006. Audltor The auditor, CavanaghKellyi wlll be proposed for reappolntment in accordance with section 485 of the Companles Act 2006. This report was approved by the Board of Directors on 10 September 2024 and signed on its behalf by: .-{ M.F..I 7d-%,G0vr¢Iy2O24 twahV&son, Director and Trustee Reglstered off Ice: st Columb's Hall Orchard Street Derry Co. Derry BT48 6EB Com Chari an Re istration Numb r: N1665358 Re istration Number: 107565 CavanaghKellyi Chartered Accountants & Statutory Auditors Page15
St Columb's Hall Trust Charitabl Com Limi DEPENDENT ea R'S REPORT TO cember 2023 HEDI Oplnion We have audlted the flnanclal statements of St Columb's Hall Trust for the year ended 31 December 2023 which comprise the Statement of Financial Activities, Statement of Financial Position and the lated notes to the flnancial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Flnancial Reporting Standard applicable In the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practlce). This report is made solely to the charltable company's directors / trustees, as a body. Our audit work has been undertaken so that we might state to the charitable company's dlrectors / trustees those matters we are required to state to them In an audltor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company school and the directors / trustees as a body, for our audlt work, for thls report, or for the opinions we have formed. In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 December 2023 and of its income and expenditure for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. Basls for oplnlon We condutted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audlt of the financial statements section of our report. We are Independent of the charitable company In accordance with ethical requlrements that are relevant to our audit of the flnancial statements in the UK, Including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. other Informatlon The dlrectors / trustees are responslble for the other Information. The other Information comprises the information included in the Trustee's Report, other than the financial staternents and our Auditor's Report thereon. Our oplnlon on the financial statements does not cover the other Informatlon and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connectlon wlth our audlt of the financlal statements, our responslblllty Is to read the other Informatlon and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit. or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are requlred to determine whether there is a material misstatement in the financial statement5 or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information we are required to report that fact. We have nothing to report in this regard. Opinions on other matters In our opinion, based on the work undertaken In the course of the audlt: the information given in the Trustees, Report for the financial year for which the financial statements are prepared Is conslstent wlth the financlal statements; and the Trustees, Report has been prepared in accordance with applicable legal requirements. CavanaghKelly, Chartered Accountants & Statutory Auditors Page16
St Columb's Hall Trus haritab Limi DEPEND or E DIRECT TR TEE 31 December 2023 Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understanding of the charltable company and Its envlronment obtalned in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters if, in our opinion: adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit. Responsibilities of Directors / Trustees As explained more fully in the Directors, / Trustees, Responsibilities Statement, the directors / trustees are responslble for the preparation of the financial statements and for being satisfied that they glve a true and falr vlew, and for such internal control as the directors / trustees determine is necessary to enable the preparation of financial staternents that are free from material misstatement, whether due to fraud or error. In preparing the flnanclal statements, the governors are responslble for assesslng the charltable company's ablllty to continue as a golng concern disclosing, as applicable, rnatters related to going concern and uslng the golng concern basls of accountlng unless the dlrectors / trustees elther Intend to liquidate the charltable company or to cease operations or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audlt conducted In accordance wlth ISAS (UK) will always detect a materlal misstatement when It exlsts. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to Influence the economlc decisions of users taken on the basls of these financial statements. A further descrlption of our responsibilltles for the audit of the flnanclal ststements Is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. Thls description forms part of our audltor's report. Mr Ryan alls FCA (Senior Statutory Audltor) Date: For and on behalf of CavanaghKelly Chartered Accountants & Reglstered Audltors 36 - 38 Northland Row Dungannon Co. Tyrone BT71 6AP CavanaghKellyi Chartered Accountants & Statutory Auditors Pag¢17
TE Includi ENT OF FI ome&E endlture Account VnMtrl<t•d R•itrlrt•d Funds D•81on•td Fund¥ Total PuThd• Llnrestricted Fund5 Re5trlcted Fund5 Oe51gTrJted Funds T4)t•l Funds 2023 2023 2023 Z023 2022 2022 2022 2022 IT4COME ENDOWMENTS Cttarllable Actlvltles (Note 31 onatlons and Legacle5 INote 31 Investment Incorne {Note 31 TOTAL INCOME AND ENDOWMENTS 91,084 4.S31 91.014 •33,70 3S.OIS 56,431 35.015 338,607 629,235 282,176 95,615 629,235 Y24,850 91.446 282,1?6 J73,622 RfSOURCtS ExpeNOEO Chariiable Activltle5 (Note 41 TOTAL RISOURCES ExpeNoeD 122,538 122.538 650,409 650,409 772,947 772,•47 64.284 64,284 263,469 263,469 J27,753 327.753 InÉ•mln•llout•olngl r•ioyr¢•• lor th• y••r 26,9231 121,1741 {4•,0•7) 27.162 18,707 45.•6• Tran5fer5 between fund$ Balance brought forward l•n caryl•¢ f(rw•fd 19.5771 9,577 17,708 7,110 44,631 28,284 72,915 The above Statement ol Flnanclal Actlvltles Includes all Informatlon as requlred to be dlscltssed by the Companles Act 2006. All of the actlvltles of the charltable company are classed as contlnulng. The Statement of Finan¢i?l Artivltles Includes all gains and losses re¢ognised during the year. The notes on pages 11 to 20 form an integral part of the flnancSal statements. C•vanaghK¢llyi Chartered Accountants & Statutory Audltors Pa8el 8
st Columb's Hall Trust ar ecom an Limi ante ST TE T OF FINA CIAL POSITIO at 31 December 2023 Note 2023 2022 Non-current Assets Property, Plant and Equipment Current Assets Receivables Cash and cash equivalents 115,452 5,050 118,699 83,789 Payables: Amounts falling due within In one year 10 105,292 10,874 13.407 72,91S Net current assets Net Assets 11 REPRESENTED BY: Unrestricted funds Restricted funds Designated funds Total Funds 12 12 12 17,708 7,110 44,631 28,284 The Directors, statements shown on the following page form part of this Statement of Flnancial Position. CavanaghKellyi Chartered Accountants & Statutory Auditors Page19
St Columb's Hall Trust Charitabl an Limited b Guarantee STATE T OF FINAN L POSI Io as at 31 December 2023 Conti ed 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 2023 the company was entitled to exemption from audit under sectlon 477 of the Companies Act 2006. The Directors confirm that the rnembers have not required the company to obtain an audit of its financial staternents for the year in question in accordance with sectlon 476 of the Companies Act 2006. The Dlrectors acknowledge thelr responsibllltles for ensuring that the charltable company keeps accounting records which comply with Section 386; and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the flnancial year and of its incoming or outgoing resources for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requlrements of the Companles Act 2006 relatlng to financlal statements, so far as appllcable to the charitable company. The notes on pages 11 to 20 form an Integral part of the flnancial statements. The flnanclal statements were approved and authorlsed for Issue by the Board of Dlrectors on 10 September 2024 and signed on thelr behalf by: ..1 M.F..I 2024 ehè1hV*son, Director and Trustee and Trustee Com Chari Re istration Number: N1665 Re istration Number: 107565 CavanaghKellyi Chartered Accountants & Statutory Auditors Page 110
St Columb's all Trust Charitable Co Liml ed b Guarantee NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Decembe 023 I.. GENERAL INFORMATION st Columb's Hall Trust is a charitable company limited by guarantee incorporated in Northern Ireland. In the event of the charltable company being wound Upi the liability In respect of the guarantee is limited to £1 per member of the charitable company. The address of the registered office is as shown on page l. The charitable company constitutes a public benefit entity as defined by FRS 102. The flnanclal statements are stated in £ sterling which .is the functlonal currency of the charltable company. 2. ACCOUNTING POLICIES The followlng accounting policies have been applled conslstently In deallng with items whlch are considered material in relation to the charitable company's financial statements. 2.1 Statement of Compllance The financlal statements have been prepared In accordance wlth Accountlng and Reportlng by Charities: Statement of Recommended Practlce (SORP) applicable to charltles preparlng their financlal statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) effective l January 2019 (Second Edition), the Financlal Reporting Standard appllcable In the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. 2.2 Basls of Preparatlon The financlal statements are prepared on a golng concern basis under the hlstorlcal cost convention unless otherwise stated in the relevant accounting policy. Historical cost is generally based on the fair value of the consideration given in exchange for assets. 2.3 Cash Flow Statement The charitable company has applied Update Bulletin 2 as published on 5th October 2018 (effective l January 2019) and does not include a cash flow statement on the grounds that It Is applying FRS 102 Sectlon IA. 2.4 Income and Endowments (l) Charitable Activities Income from charltable actlvltles Includes 5ncome recelved under contract or where entitlement to grant funding is subject to specific performance conditions. It is recognised as earned as the related services or goods are provided. Grant income Is recognised in the Statement of Financial Activitles when receivable. Grant income included in this category provides funding to support projects and is recognised where there Is entitlement, certalnty of recelpt and the amount can be measured with sufficient reliability. CavanaghKelty, Chartered Accountants & Statutory Auditors Pagcl 11
st Columb's Charitab all Trus Ll uarantee OTES TO THE FI ANCIAL STATEMENTS For th ea ended 3 Dec be 023 Co tin 2. ACCOUNTING POLICIES (Continued) 2.4 Income and Endowments (Continued) (li) Donation5 and Legacles Donations and Legacy income includes incoming resources from gifts, donations and grants and is recognised in full in the Statement of Financial Activities when receivable. Activities for generating funds are commercial activities whlch are recognised as earned when the related goods and seniices are provided. 2.5 Expenditure Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grants are recognlsed as goods and servlces are supplied. Where costs cannot be directly attributed to a particular heading, they have been allocated to activities on a basis consistent with use of resources. Staff costs and overhead expenses are allocated to actlvltles on the basls of staff tlme spent on those actlvltles. (l) Charltable Activities Thls comprises all the resources applled by the charitable company In undertaking its work to meet Its charitable objectlves. Charitable actlvltles wlll Include the costs of governance arrangements whlch relate to the general runnlng of the charitable company. 2.6 Fund Accountlng The charltable company has three types of funds for which it is responslble at the year end: Unrestrlcted Funds - Funds which are expendable at the dlscretion of the Dlrectors in furtherance of the objectlves of the charltable company. In addltlon, funds may be held in order to finance capital investment and working capital. Designated Funds Monles whlch has been set aslde to cover costs should there be a significant and unforeseen reduction in funding. Restricted Funds - Monles received for speclflc purposes. Such purposes are within the overall aims of the charity. CavanaghKelty, Chartered Accountants & Statutory Auditors Page112
St Columb's Hall Trust ritable Li ted b Guarante NOTES TO THE FINANCZ STATEMENTS Fort ear ended 31 Decemb 2023 Contfnued 2. ACCOUNTING POLICIES (Continued) 2.7 Trade and Other Payables Trade and other payables are initially recognised at fair 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 Equivalents Cash and cash equivalents Includes cash in hand, deposits held at call with banks, other short term highly liquid investments with original maturities of three months or less. 2.10 Critical accounting estimates and Judgements In the appllcatlon of the Charlty's accounting pollcies, the Trustees are required to make Judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptlons are based on historlcal experlence and other factors that are consldered to be relevant. Actual results may differ from these estimates. The estlmates and underlying assumptions are reviewed on an ongoing basis. Revlslons to accounting estimates are recognised in the period in whlch the estimate is revised were the revlslon affects only that period, or In the period of the revision and future perlods were the revision affects both current and future periods. Critical Judgements in applying the entity s accounting policies There are no critical Judgements in applying the company's accounting policies. Critical accounting estimates and assumptions There are no accounting estlmates in applying the company's accounting policies. CavanaghKellyi Chartered Accountants & Statutory AudStors Page | 13
St Columb's Hall Trust Charitab ecom an fjmi d b Guarante NOTES TO TH For the ear en FINA CIAL STATEMENTS ed 31 December 2023 Continued 2. ACCOUNTING POLICIES {Contlnued) 2.11 Financial Instruments (i) Financial assets Baslc financial assets, Sncludlng trade and other recelvables, cash and bank balances and amounts owed by related parties and are initially recognised at transaction prlce, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future recelpts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reportlng period financial assets measured at amortised cost are assessed for objectlve evidence of impairment. If an asset is impaired the impairment loss is the dlfference between the carrylng amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. If there is decrease In the impairment loss arising from an event occurring after the Impalrment was recognlsed, the impalrment Is reversed. The reversal Is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairme.nt reversal is recognised in proflt or loss. Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the rlsks and rewards of the ownership of the asset are transferred to another party or (c) despite having retalned some significant risks and rewards of ownershipi control of the asset has been transferred to another party who has the practlcal ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. (li) Flnancial liabilities Baslc financlal Ilablllties, Includlng trade and other payables, bank loans and overdrafts and amounts owed to related partles are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts dlscounted at a market rate of Interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it Is probable that some or all of the faclllty will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business frorn suppliers. Accounts payable are classified as current liabilities if payment is due withln one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. CavanaghKellyi Chartered Accountants & Statutory Auditors Page | 14
t Columb's Hall Trust Charitab Limi Guarantee NOTE TOTH eare FI CIAL STAT MENTS ded31D cember 2023 Continued 2. ACCOUNTING POLICIES (Continued) Financial liabilitles are derecognised when the liability is extinguished, that Is when the contractual obllgatlon Is dlscharged, cancelled or explres. ( iii) Offsetti ng Financial assets and liabilities are offset, and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to reallse the asset and settle the liablllty simultaneously. 2.12 Going concern The charity remalns commltted to Its key objectlve of preserving the heritage of the St. Columb's Hall building and to provide cultural facilities within the hall. In the current year, the organisation has sourced a number of grants which has helped to undertake a number of essential repair works to the bulldlng. The charity continues to seek capital funding to ensure it can restore the building and to use the facility to advance the arts, culture and heritage wlthln the City of DerrylLondonderry. The directors of the charity are confident that such funding can be sought and the charity can contlnue In operational existence for the foreseeable future. CavanaghKellyi Chartered Accountants & Statutory Auditors Page | 15
St Columb's Hall Trust ritable Com an Limi Guarantee NO ES For the TH INANCIAL STATEMENTS ear ended 31 December 2 Continue 3. INCOME AND ENDOWMENTS Unrestricted Restricted Deslgnated Funds Funds Funds 2023 2023 2023 Total Funds 2023 Total Funds 2022 Charltable Actlvities Room and facilities hire Other income 91,084 91,084 31,275 3,740 Total Charitable Activities 91,084 91,084 35,015 Income from Charitable Activities In the year ended 31 December 2022 of £35,015 was made up of unrestricted funds. Unrestrlcted Restrlcted Deslgnated Funds Funds Funds 2023 2023 2023 Total Funds 2023 Total Funds 2022 Donatlons and Legacles Voluntary income and donations Box office sales Communlty Ownershlp Dept of Levelllng Up .National Lottery Heritage Fund Ulster Garden Vlllages Artworks / Future Screens Swire Charitable Trust Jobstart Heritage Innovatlon Fund Derry City and Strabane District Council Architectural Heritage Fund 56,431 4,531 4,531 181,800 568,589 568.589 38,457 40,000 21,919 22,000 4,004 19,792 6,290 22,000 4,004 19,792 6,290 8,560 8.560 Total Donatlons and Legacles 4,531 629,235 633,766 338,607 Income from Donations and Legacies in the year ended 31 December 2022 of £338,607 was made up unrestricted funds £56,431 and restrlcted funds £282,176. CavanaghKellyi Chartered Accountants & Statutory Auditors Page | 16
St Columb, Charita H 11 Trust om an Llmlted b Guarante NOTES TO THE FINAN ATEME Fo he ded 31 December 2023 Continued 3. INCOME AND ENDOWMENTS (Cont'd) Unrestricted Restricted Designated Funds Funds Funds 2023 2023 2023 Total Funds 2023 Total Funds 2022 Investment Income Bank Interest Receivable Total Investment Income 4. RESOURCES EXPENDED Unrestricted Restricted Designated Funds Funds Funds 2023 2023 2023 Total Funds 2023 Total Funds 2022 Charltable Activities Direct costs Catering Wages and salaries Insurance Water charges Property repairs and maintenance Heat, light and power Cleaning Plant and equlpment hire Security IT Software and consumables Website costs Telephones and Internet Postage, prlntlng and stationery Advertising and marketing Accountancy and audit Other Accountancy serrfices Legal fees Consultancy fees Bank charges General expenses Subscriptlons VAT incurred on costs Loss on disposal of fixed assets Depreciation Total Resources Expended 1,301 2,644 2,520 3,821 2,644 74,962 1,129 5,676 53,639 2,596 374 135,319 74,962 1,129 455,008 455,008 17,122 11,608 9,425 4,430 3,481 5,365 22,487 11,608 9,425 4,430 3,781 13,789 3,020 8,380 300 3,630 2,512 225 2,512 2,115 1,867 1,073 1,890 6,926 6,926 2,556 1,066 2,684 4,876 3,750 4,876 3,985 2,932 12,627 248 14,393 2,932 55,145 248 14,393 3,066 54,733 158 1,370 2,065 30,457 42,518 28,068 69 60,286 88,354 69 122,538 650,409 772,947 327,753 CavanaghKellyi Chartered Accountants & Statutory Auditors Page | 17
st Columb's Hall Tr Cha Li ed b Guarantee OTES TO THE FINANCIAL STAT TS For the ear ende 3 1 December 2023 tinued Expendlture on Charltable Activities in the year ended 31 December 2022 of £327,753 was made up of unrestricted funds £64,284 and restricted funds £263,469. 5. NET INCOME/(EXPENDITURE) FOR THE YEAR Net income/(expendlture) is stated after charging/(crediting): 2023 2022 Auditors Renumeratlon 6. STAFF COSTS AND EMPLOYEE BENEFITS The average number of persons employed by the charitable company durlng the year was 4 (2022 - 2). The total staff costs and employee's benefits was as follows: 2023 2022 Wages and salaries (including soclal securlty) Pension costs 74,833 129 53,639 7. DXRECTORS. REMUNERATION The Directors neither received nor waived any remuneration or any other beneflts durlng the year and no reimbursements of expenses Incurred. 8. PROPERTY, PLANT AND EQUIPMENT Fixtures, fittings and equipment Total Cost At l January 2023 Additlons Dlsposals At 31 December 2024 16,206 (2,463) 13,743 16,206 (2,463) 13,743 Depreciation At l January 2023 Charge for year Disposals At 31 December 2023 2,332 2,332 2,332 2,332 Net Book Values At 31 December 2023 11,411 11.411 At 31 December 2022 CavanaghKelly, Chartered Accountants & Statutory Auditors Pag¢l 18
St Columb's Hall Trust Charitable Com Limi NOTES TO T E FINANCIAL STATEMENTS For the ear ended 3 December 2023 Continue RECEIVABLES 2023 2022 Trade debtors Prepaid expenses and accrued income 16,594 5,050 115 452 10. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade payables Accrued expenses and prepaid income Payroll 216 100,956 9,095 105 292 11. ANALYSIS OF NET ASSETS Unrestricted Restricted Designated Funds Funds Funds 2023 2023 2023 Total Funds 2023 Total Funds 2022 Property, Plant and Equipment Current Assets Current Llabllltles 4,301 7,110 11.411 118,699 105 292 118,699 105 292 83,789 CavanaghKelty, Chartered Accountants & Statutory Auditors Page | 19
st Columb. ri ust Limi OTES TO THE FINANCIAL STATEMENTS For the 31 December 2023 Continued 12. ANALYSIS OF FUNDS Opening Balance Income Expenditure Transfer Between Funds Closing Balance National Heritage Lottery Swire Charitable Trust Jobstart Heritage InnovatSon Fund Derry Clty and Strabane DC Architectural Heritage Fund Community Ownership Restrlcted Funds 568,589 22,000 4,004 19,792 6,290 8,560 (568,589) (22,000) (4,004) (18,292) (6,290) (8,560) 1,500 28,284 629,235 (650,409) 7,110 Unrestrlcted Funds 44,631 95,615 (122,538) 17,708 Total Funds 724 850 772 947 CavanaghKellyi Chartered Accountants & Statutory Auditors Page | 20