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← Museum of the Troubles Initiative

2023-03-31-annual-return

Company registered number: NI651235 Charity registered number: NIC107970

MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

Tony Clarke

53 Andersonstown Road Belfast BT11 9AG

MUSEUM OF THE TROUBLES INITIATIVE

CONTENTS PAGE
Reference and administrative details of the charity, trustees and
advisers 1
Annual Report of the Trustees 2-4
Independent Examiner Report 5-7
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9-14

MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

Trustees' Annual Report (Incorporating the Director's Report)

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on 23 October 1995 and registered with the Charity Commission for Northern Ireland on 11 March 2016.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

NI651235

Registered Charity number

NIC104715

Registered office

39 Rugby Road Belfast Antrim BT7 1PT

CHAIRPERSON

Jane Elizabeth Morrice

TRUSTEES

Prof Catherine Clinton Dr Frank Gaffikin - Appointed on 11 January 2022 John Chistopher Gillespie - Appointed on 09 December 2022 Dr Gul Kacmaz Erk - Appointed on 17 May 2022 Brigid Loughran - Appointed on 06 September 2023 Jane Elizabeth Morrice Edward James Petersen Suneil Sharma - Appointed on 01 March 2022

INDEPENDENT EXAMINER

Tony Clarke FCPA

Certified Public Accountant 53 Andersontown Road Belfast BT11 9AG

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MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

Trustees' Annual Report (Incorporating the Director's Report)

The Trustees present their annual report together with the financial statements of the company for the 01 March 2022 to 28 February 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the company's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practices applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016)

Structure, Governance and Trustees

Museum of the Troubles Initiativewhich is registered as a charity with the Charity Commission for Northern Ireland, was incorporated as a company limited by guarantee in Northern Ireland, registration number NI651235, with the objective of undertaking charitable activities for the benefit of the inhabitants of Northern Ireland.

Objectives and Activities

We are a charity working to bring into being a Museum of the Troubles and Peace which would offer a range of perspectives on Northern Ireland recent past. The idea of this project is to create an exhibition space in an iconic building that showcases three decades a (conflict and survival in Northern Ireland, and the evolution of the Northern Irish Peace Process. The Museum would also have an area for remembrance and reconciliation.

Our view Is that small. single-identity museums are no‹ the answer. chough they clearly have a valuable role in the wider infrastructure of commemoration. What is needed is a major initiative, imaginatively conceived and housed in a historic building. that educates and challenges. and that achieves a number of vital objectives. These include:

2

MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

Trustees' Annual Report (Incorporating the Director's Report)

Objectives and Activities continued…

At present we have been funded by the Social Justice Small Grants Programme. Community Foundation to set tip the group, Women working Together on a Troubled Pas‹ and a Better Future. Our proposed CURRENT project aims to involve PUT and CNR communities in the process of understanding both our divided past and each other, by working on a cross-community basis in discussion-based storytelling sessions with guest speakers. More specifically. the participants will be women from Catholic and Protestant working-class areas in Belfast. Themes: Working-class Women and the Conflict. Did loyalist and republican women experience the Conflict In similar or different ways? Were traditional female roles challenged? Were the domestic burdens of women increased? were there cross-overs of experience? Was resilience the abiding reality?

Achievement and Performance

We are working with the board of St Anne’s Cathedral, Clonard Monastery, Cathedral Quarter Belfast. Belfast Exposed, Wave, Corrymeela and many others.

We have prominent patrons from many spheres of life. They include Mary Robinson. Robin Eames, George Bain, Mark Devenport, Denis Bradley. Colin Davidson, Rita Duffy, Barry Douglas. i should add, we are a company limited by guarantee and we are registered with the Charity Commission. We have made extensive contact with local community groups and we have set up some partnership. Over the last five years Museum of the Troubles & Peace has generated a climate of opinion in favor of a bold initiative on the scale of Titanic Belfast that memorialises the Troubles and the peace process.

The concept now has the backing of community and youth activists, academics from Queen‘s University Belfast. Ulster University and Belfast Metropolitan College. it has featured in newspaper and radio coverage and has won sympathetic interest at the highest levels in London and Dublin, and fits readily within the US government

Legacy proposals. Our patrons include some of the most distinguished names in Irish public life, north and south.

Going Concern

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Financial Review

The results for the year ended 28 February 2023 are set out on pages 7 and 8 of the financial statements.

The total income for the year ended 28 February 2023 amounted to £5,000 (2022:£15.230). The total expenditure was £5,133 (2022:£15,473)

The Trustees consider that the unrestricted funds of the charity is sufficient and adequate to fulfil their obligations. The charity held (£299) in reserves at the year end (2022:(£166)).

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MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

Trustees' Annual Report (Incorporating the Director's Report)

Reserves Policy

The income of the Company is considered adequate and the risks associated with any significant reduction in income is regarded as unlikely. The Trustees are satisfied with the current level of reserves at the present time. The Trustees are reviewing the Reserves Policy in the current year.

Trustees' responsibilities statement

The Trustees (who are also directors of Museum of the Troubles Initiativefor the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard (United Kingdom Generally Accepted Accounting Practice)

Company law requires the trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the income resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transaction and disclose with reasonable accuracy at any time the financial position of the charitable company and the enable them to ensure that the financial statements comply with the Companies Act 2016. 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 irregularities.

Museum of the Troubles Initiativeis a company limited by guarantee by its Memorandum and Articles of Association. Each members liability is limited to an amount not exceeding £1.

This report was approved by the Trustees, on 29/11/2023 and signed on behalf by:

Suneil Sharma Trustee

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MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CONWAY EDUCATION CENTRE.

I report on the financial statements of the company for the year ended 28 February 2023 which are set out on pages 7 and 8.

This report is made solely to the company's Trustees, as a body in accordance with section 65(3)(a) of the Charities Act Northern Ireland 2008 and regulations made under section 66 of the Act. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work of this report.

Respective responsibilities of trustees and examiner

As the company's Trustees (and also the directors of the company for the purpose of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the company is not subject to audit under company law, and is eligible for Independent examination.

It is my responsibility to:

Basis of Independent Examiner's report

I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It was also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

Independent examiner’s statement

My role is to state whether any material matters have come to my attention giving me cause to believe:

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MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MUSEUM OF THE TROUBLES INITIATIVE(continued)

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

Tony Clarke 53 Andersonstown Road Belfast BT11 9AG

Date:

29/11/2023

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MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT

Note
2
Charitable Activities
3
Charitable Activities
5
Reconciliation of Funds
Total funds brought forward
12
Total Funds carried forward
11
Net income/(Expenditure)
Transfers between funds
Net movement in funds
Expenditure on:
Total Expenditure:
Income from:
Total Income
Generated Funds		 Year to
Unrestricted
Restricted
28-Feb-23
Funds
Funds
TOTAL
£
£
£
-
5,000
5,000
-
-
-
-
5,000
5,000
133
5,000
5,133
133
5,000
5,133
(133)
-
(133)
-
-
-
(133)
-
(133)
(166)
-
(166)
(299)
-
(299)		 Year to
28-Feb-22
TOTAL
£
-
15,230
15,230
15,473
15,473
(243)
-
(243)
77
(166)

The statement of financial activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on page 9 to 14 form and integral part of these accounts

7

MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

Note
Debtors
7
-
1
1
Liabilities
8
(300)
Funds
Restricted
11
Unrestricted
11
TOTAL FUNDS
11
BALANCE SHEET
As at 28 February 2023
Cash at bank & Othe
Current Assets
Tangible Assets
Fixed Assets
Net Current Assets
Creditors:amounts falling due within one year
Net assets		 Note
Debtors
7
-
1
1
Liabilities
8
(300)
Funds
Restricted
11
Unrestricted
11
TOTAL FUNDS
11
BALANCE SHEET
As at 28 February 2023
Cash at bank & Othe
Current Assets
Tangible Assets
Fixed Assets
Net Current Assets
Creditors:amounts falling due within one year
Net assets		 2023
£
-
-
-
14
14
(180)
(299)
(299)
-
(299)
(299)		 2022
£
-
-
(166)
1
(300)
(166)
-
(166)
(166)

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 28 February 2023.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 company.

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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board directors on 29/11/2023 and were signed on their

Suneil Sharma

Trustee

The notes on page 9 to 14 form and integral part of these accounts

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MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

NOTES TO THE ACCOUNTS

1 Accounting policies

Charity information

Museum of the Troubles Initiativeis a private company limited by guarantee incorporated in Northern Ireland. The registered office is: 39 Rugby Road, Belfast, Antrim, BT7 1PT

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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)" (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

NOTES TO THE ACCOUNTS (continued)

1.4 Incoming resources (continued)

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

1.5 Resources expended

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 measure reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.

The charity is below the charity audit threshold and therefore is exempt from reporting expenditure on an activity basis. The charity has opted to report by the nature of expenditure rather than on an activity basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Capital 50 years straight-line Equipment 25% reducing balance

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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 realise the asset and settle the liability simultaneously

10

MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

NOTES TO THE ACCOUNTS (continued)

1.9 Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

1.10 Basic financial liabilities

Basic financial liabilities, including creditors and bank loans 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.11 Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. 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 estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

11

MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

NOTES TO THE ACCOUNTS (continued)

2
3
**4 **		 Income from Generated funds
Community Foundation NI
Totals 2023
Totals 2022
Income from Charitable Activities
Relocation costs
Totals 2023
Totals 2022
Staff Costs and Numbers
Gross Wages and Salaries		 2023
TOTAL
£
5,000
5,000
-
2023
TOTAL
£
-
-
15,230
2023
£
-
-		 2022 2022
Unrestricted
Restricted
Funds
Funds
£
£
-
5,000		 TOTAL
£
-
-
5,000		 -
2022
-
-
Unrestricted
Restricted
Funds
Funds
£
£
-
-		 TOTAL
£
15,230
-
-		 15,230
2022
15,230
-
£
-
-

No employee received emoluments of more than £60,000 (2022: None)

The average monthly number of employees during the year, calculated on the basis of full time equivalents, was as follows:

2023 2022
Number Number
- -

12

MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

NOTES TO THE ACCOUNTS (continued)

5 Expenditure

Analysis of resources expended

Charitable Activities
Accountancy
General Expenses
Relocation costs
Workshops
Mediator
Total 2023
Total 2022		 2023
Unrestricted
Restricted
Funds
Funds
TOTAL
£
£
£
120
180
300
13
-
13
-
-
-
-
4,620
4,620
-
200
200
133
5,000
5,133
29,216
200,500
15,473		 2022
TOTAL
£
230
13
15,230
-
-
15,473

6 Trustees remuneration & expenses

During the year, no Trustees received any remuneration (2022 - £NIL). During the year, no Trustees received any benefits in kind (2022 - £NIL).

During the year, no Trustees received any reimbursement of expenses (2022 - £NIL).

7 Debtors

**8 ** Grants Receivable
Creditors: amounts falling due within one year
Trade Creditors
Accruals and Deferred Income		 2023
£
-
-
2023
£
-
300
300		 2022
£
-
-
2022
£
-
180
180

13

MUSEUM OF THE TROUBLES INITIATIVE

(Private company limited by guarantee without share capital)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

NOTES TO THE ACCOUNTS (continued)

9 Independent examiner's remuneration

The independent Examiner's remuneration amounts to an Independent Examination fee of £300 (2022 - £180)

10 Related party transactions

There were no related party transactions during the year.

11 Statement of funds - current year

**12 ** Restricted funds
Community Foundation NI
Total restricted funds
Unrestricted funds
General funds
Total of funds - current year
Statement of fund- prior year
Total Unrestricted funds
Total of funds - prior year
Total restricted funds
Total unrestricted funds		 Balance at
1 March
2022
Income
Expense
Transfer
in/out
Balance at
28 February
2023
£
£
£
£
£
-
5,000
(5,000)
-
-
-
5,000
(5,000)
-
-
(166)
-
(133)
-
(299)
(166)
-
(133)
-
(299)
(166)
5,000
(5,133) -
(299)
Balance at
1 March
2021
Income
Expenditure Transfer
in/out
Balance at
28 February
2022
-
-
-
-
-
77
15,230
(15,473)
-
(166)
77
15,230
(15,473)
-
(166)

14