Company registered number: N1651235 Charity reglstered number: NIC107970 MUSEUM OF THE TROUBLES INITIATIVE (Private company limited by guarantee without share capltall TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 Tony Clarke 53 Andersonstown Road Belfast BTII 9AG
MUSEUM OF THE TROUBLES INITIATIVE CONTENTS PAGE Reference and administrative details of the charity, trustees and advisers Annual Report of the Trustees Independent Examiner Report Statement of Fi nancial Activities Balance Sheet Notes to the Financial Statements 10-15
MUSEUM OF THE TROUBLES INITIATIVE IPrivate company limited by 8uarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 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 February 2018 and registered with the Charity Commission for Northern Ireland on 14 December 2020. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company number N1651235 Registered Charity number NIC107970 Registered offlce 39 Rugby Road Belfa st Antrim BT7 IPT CHAIRPERSON Terence Brannigan TRUSTEES Prof Catherine Clinton Dr Frank Gaffikin John Chistopher Glllespie Dr Gul Kacmaz Erk Jane Elizabeth Morrice Edward James Petersen Suneil Sharma Dr lene Boada Montagut Terence Brannigan Shelby Hanna Alex Knowles Prof John Morison Appointed on 9 May 2024 Appointed on 11 April 2024 Appointed on 7 March 2024 Appointed on 30 April 2024 Appointed on 28 November 2023 INDEPENDENT EXAMINER Tony Clarke 53 Andersontown Road Belfast BTII 9AG
MUSEUM OF THE TROUBLES INITIATIVE IPrivate company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 Tru5tees' 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 2023 to 29 February 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I 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 Irela nd (FRS 102) las amended for accounting periods commencing from l January 20191 Structure, Governance and Trustees Museum of the Troubles I n itiativewhich is registered as a charity with the Cha rity Commission for Northern Ireland, was incorporated as a company limited by guarantee in Northern Ireland, registration nu m ber N165 1235, with the objective of undertaki ng charitable activities for the benefit of the inhabita nts of Northern Ireland, Objectives and Activities We are a charity working to bring into being a Museum of the Troubles & Peace which would offer a range of perspectives on Northern Ireland's recent past. The idea of this project is to create a n exhibition space in a n iconic building that showcases three decades a Iconflict and survival in Northern I reland, 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 noi 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,. Legacy & Healing.- attem pting to understand the Troubles In all its complexity is one of the keys to the future, enabl ing us to deal with our divided past in a way that promotes understa ndlng across the communal divide, Economy: a multi-functional complex that draws on the rich Archives of the Troubles and Peate initiatives - artefacts, photographs, posters, television recordings, documentaries, oral archives, digital recreations of events would constitute a major visitor attraction. generating income, export earnings and employment, as evidenced by the hugely successful Guggenheim Museum in Bilbao. Education: Younger generations in these islands have little knowledge of the Troubles. There is much to be learned mom a dispassionate, multi-voiced exploration of the past, to ensure we are not plunged into communal violence once again. International.. Northern Ireland speaks to a wider world and the wider world speaks to Northern Ireland. Building in a comparative dimension to the Museum that draws on ethnic and national conflicts elsewhere in the world South Africa, Bosnia, Serbia, Croatia, U kraine, Palestine, Israel would further enhance its educative and consciousness-raising value. At present we have been funded by the Social Justice Small Grant5 Programme and Community Foundation to set tip the group, Women working Together on a Troubled Pas< and a Better Future.
MUSEUM OF THE TROUBLES INITIATIVE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 Trustees, Annual Report (Incorporating the Director's Report) Achievement and Performance 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. of academics ac 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's Legacy proposals. Our patrons include some of the most distinguished names in Irish public life, north and south. Management Overall legal, strategic and financial governance of the museum Is the responsibility of the Board of Trustees/Directors of the registered charity/company. The members of the Board are as follows: Terence Brannigan {Chalr), While Terence was chairman of Tourism Northernlreland, he delivered over £lbn of annual revenues during his 7-year tenure. He was also the Chairman of the Maze Long Kesh Development Corporation for 11 years, and was responsible for the regeneration and development of the site. Shelby Hanna, Treasurer. Digltal Learning Officer has a long experience of digital Learning and she has a strong passion for education and a deep understanding of good teaching practices. She is dedicated to leveraging emerging technologies, such as virtual reality, to create engaging and immersive learning experiences. Jane Morrice, former head of the European Commission Office in Belfast and former MLA (Northern Ireland Women's C031itionl; Hon. President European Movement Northern Ireland Ed Petersen, Coordinator of Clonard Monastery'5 Peace and Reconciliation Ministry. Chair of Forthspring Inter Community Group and Northern Ireland Inter-Faith Forum. Teachers Training Diploma, 30 years as Equality and Management Trainer, 20 years in Peacebuilding with various Voluntary and community Sector organisation5 in Nl. Brigid has been a chair and Secretary of various organisations in the voluntary and Community Sector. Frank Gaffikin. Emeritus Professor, Queen's University Belfast School of Natural & Built Environment. Originally from 'The Bone" in North Belfast. Community activist and major research grant-holder.
MUSEUM OF THE TROUBLES INITIATIVE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 Suneil Sharrna, Entrepreneur; former member, Policing Board; former member, Commission for Racial Equality Nl,. trustee, RAM Foundation Dr Gul Kacrnaz Erk, senior lecturer and programme director of Msc Advanced Architectural Design at Queen's University Belfast. Her research is on humanitarian architecture as well as cinematic a rchitecture. Catherlne Cllnton, Denman Chair and Profe550r of American History, University of Texas, San Antonio, Historical adviser: Steven 5pielberg's Lincoln (20121, Formerly professor of historv, Queen's University Belfast. Alex Knowle5, a recently qualified architect and RIBA medal nominee. HIS thesis 'A Treatise on Palimpsest, received an award. Jack Glllesple, Barrlster, Belfast. Professor John Morison, Profe550r, Queen's University Belfast School of Law, The Senator George J Mitchell Institute for Global Peace, Security and Justice and member of the Royal Irish Academy. Dr Irene Boada Monta8Uti graduate of the University of Barcelona, Queen's Universitv Belfast and Ulster University; radio and TV presenter, Barcelona; Northern Ireland correspondent for Spanish media,. founder of Museum of the Troubles & Peace and the cross community group, Children of the Troubles,. member of the Holyland's Regeneration Groupi Leadership and Management certificate, Peace Iv-funded project with St Peter's and Townsend Youth Clubs, Belfast. Combined, the Board has extensive knowledge and experience of research, history, policv, funding, museums, law, architecture, business enterprise, planning, governance, management, leadership, and peace and reconciliation. Golng 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, Financlal Revlew The results for the year ended 29 February 2024 are set out on pages 7 and 8 of the financial statements. The total income for the year ended 29 February 2024 amounted to £16,675 {2023:£5,000). The total expenditure was £16,131 (2023:£5,1331 The Trustees consider that the unrestricted funds of the charity is sufficient and adequate to fulfil their obli8ations. The charity held £245 in reserves at the year end12023',{£299)1.
MUSEUM OF THE TROUBLES INITIATIVE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 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 lawl 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.. Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charities SORP; Make judgments and accounting estimates that are reasonable and prudent,. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation, 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.11124.......,., and signed on behalf by.. Shelby Hanna Trustee
MUSEUM OF THE TROUBLES INITIATIVE (Private company limited by guarantee without share capitall TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MUSEUM OF THE TROUBLES INITIATIVE. I report on the financial statements of the company for the year ended 29 February 2024 which are set out on pages 8 and 9. This report is made solely to the company's Trustees, as a body in accordance with section 6513)lal 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 l 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 responslbilitles of trustees and examlner As the company's Trustees land also the directors of the company for the purpose of company lawl you are responsible for the preparation of the financial statements in accordance with the requirernents 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.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commission under section 6519)Ib) of the Cha rities Act • state whether particular matters have come to my attentlon. Basis of Independent Examlner'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 65191{bl of the Charities Act. My examination included a review of the accounting records kept by the charity and 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: That accounting records were not kept in accordance with section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further information needed for a proper understanding of the accounts to be reached.
MUSEUM OF THE TROUBLES INITIATIVE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 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 matters111 to {41 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. IL.IK.IoL4- Tony Clarke 53 Andersonstown Road Belfa st BTII 9AG Date:
MUSEUM OF THE TROUBLES INITIATIVE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT Yearto Unrestrlcted Restricted 29-Feb-24 Fund5 Funds TOTAL Yearto 28-Feb-23 TOTAL Note Income from: Generated Funds Charitable Activities 15,675 15,675 1.000 5,000 1,000 Total Income 1,000 15,675 5,000 Expendlture on: Charitable Activities 456 15,675 16,131 5,133 Total Expenditure: 456 15,675 16,131 5,133 Net income/(expenditure) 544 $44 {1331 Transfers between funds Net movement In funds 544 133 con Total funds brought forward 12 1299) 1299) (1661 Total Funds carrled forward 11 245 245 (299> The statement of financial activities incl udes a I I gai ns 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 requirernents for an income and expenditure account under the Companies Act 2006, The notes on page 10 to 15 form and integral part of these accounts
MUSEUM OF THE TROUBLES INITIATIVE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 BALANCE SHEET As at 29 February 2024 2024 Note Fixed Asset5 Tangible Assets Current Assets Debtors Cash at bank & Other 845 845 Llabilities Creditors: amounts falllng due wlthln one year 600 {3001 Net Current Assets 245 1299 299 Net assets 245 Funds Restricted Unrestricted 11 11 245 (2991 TOTAL FUNDS 11 245 1299 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companles Act 2006, for the year ended 29 February 2024, The trustees acknowledge their responsibilities for ensuring that the charity keeps accou nting records which com ply with section 386 of the Act and for preparing f inanclal statements which give a true and fair view of the state of affalrs of the company as at the end of the financlal year and of its incoming resou rces and application of resources, including its i ncome 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 f inancial 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 1211112024 and were signed on their behalf by.. Shelby Hanna Trustee The note5 on page 10 to 15 form and integral part of these accounts
MUSEUM OF THE TROUBLES INITIATIVE IPrivate company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 NOTES TO THE ACCOUNTS l 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 IPT 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 IFRS 102) las amended for accounting periods commencing from l January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charltles applying FRS 102 Update Bulletin I 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 Incorne 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. 10
MUSEUM OF THE TROUBLES INITIATIVE (Private company limited by guarantee without share capitall TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 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 expend iture as soon as there is a leg31 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 rellably. 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 audlt 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 asset5 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 cu rrent liabil ities. 1.8 Financial Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its f inancial instru ments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to contractual provision5 of the instrument. Fina ncial assets and l iabi lities are offset, with the net a mount5 presented in the financial statements, when there is a legally enforceable right to set off the recognised amount5 and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously 11
MUSEUM OF THE TROUBLES INITIATIVE (Private company limited by 8uarantee without share capitall TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 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. Fi nancia l assets classified as receivable within one year are not amortised. 1.10 Bas•c financial liabilitles Basic financial liabilities, i ncludi ng 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 instrurnents 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 Derecognltlon of financlal Ilablllties 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 whlch 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 accountlng 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. 12
MUSEUM OF THE TROUBLES INITIATIVE IPrivate company limited by guarantee without share capitall TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 NOTES TO THE ACCOUNTS (continued) 2024 2023 Unrestricted Funds Restricted Funds TOTAL TOTAL Nl Community Relation Esmee Fairbairn Totals 2024 675 15,000 15,675 675 Is,000 15,675 5,000 5,000 Totals 2023 3 Incom rltable Activiti 2024 2023 Unrestricted Funds Restricted Funds TOTAL TOTAL Donations Totals 2024 1,000 1,000 1,000 1,000 Totals 2023 4 Staff C ts ers Gross Wages and Salaries No employee received emoluments of more than £60,000 (2023., None) The average monthly number of employees during the year, calculated on the basis of full time equivalents, was as follows: 2024 Number 2023 Number 13
MUSEUM OF THE TROUBLES INITIATIVE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 NOTES TO THE ACCOUNTS (continued) nditur Analysis of resources expended 2024 2023 Charitable Activities Unrestricted Funds Restrlcted Fund5 TOTAL TOTAL Accountancv General Expenses Consultant Workshops Mediator Totals 2024 300 300 300 13 12,000 3,675 12,000 3.675 156 4,620 200 5,133 456 15,675 15,975 Totals 2023 133 5,000 5,133 6 Trustees remuneratlon & expenses During the year, no Trustees received any remuneration (2023 - £NIL). During the year, no Trustees received any benefits in kind {2023 - £NILI, During the year, no Trustees received any reimbursement of expenses {2023 - £NILI. 2024 2023 Grants Receivable 8 Creditor unts fallln due within one ear 2024 2023 Trade Creditors Accruals and Deferred Income 600 600 300 300 14
MUSEUM OF THE TROUBLES INITIATIVE (Private company limited by guarantee without Share capitall TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 NOTES TO THE ACCOUNTS (continued) 9 In endent examlner's r muneratlon The independent Examiner's remuneration amounts to an Independent Examination fee of £30012023 - £1801 10 Related art transactlons There were no related party transactions during the year. 11 Balance at l March 2023 Balance at 29 February 2024 Income Expense Transfer in/out Restrlcted funds Nl Community Relation Esmee Fairbairn Total restrlcted funds 675 15,000 675 16751 115,000> (675) Unrestrlcted funds General funds Total Unrestricted funds (299) (299) 1,000 (456 (456) 245 245 Total of funds - current year (299 675 1,131) 245 12 em of fund- rior ar Balance at l March 2022 Transfer inlout Balance at 28 February 2023 Income Expenditure Total restricted funds Total unrestricted funds Total of funds - prior year (1661 {166) 5,000 5,000 15,133) 15,133) 1299) 1299 15