Company Reglstratlon Number . N1665237
Boomhall Trust
Flnanclal Statements and Trustees, Report
for the year ended 31 October 2024

Boomhall Trust
Company Ilmlted by guarantee
Contents
Page
Legal and Administrative Infomiation
Trustees Report
Independent Examinerfs Report
ststement of Financial Activities for the year ended 31 October 2024
Balance Sheet as at 31 October 2024
Notes to the Accounts
10-15

Boomhall Trust
Company Ilmlted by guarantee
Legal and Admlnlstratlve Informatlon
Status .
The organisation is a charitable company limited by guarantee, incorporated on 21 October 2019 and
is recognised as a charity by the Northern Ireland Charity Commission and HM Revenue & Customs.
The goveming document is a Memorandum and Articles of Association.
Dlrectorn .
James Sammon (Chairperson)
Marie Donaghy
Matthew Foster
Karen Latimer
Bartholomew O'Donnell
Desmond Reid (Treasurer)
Pauline Ross
Alistair Rowan
James Simpson
Primrose Wilson
Cormac McKeona
Patrick Cregg
Accountants .
Fergus McAleer & Co
Chartered Accountants
31133 Clarendon Street
Derry
BT48 7ER
Maln Bankers .
Danske Bank
Donegall Square West
Belfast
Reglstered Offlce .
35 Clarendon Street
Derry
BT48 7ER
HMRC Charlty Reference Number .
ZD07255
Company Number .
N1665237
Charlty Comml8Blon for North•rn Ir•land Number:
NIC 107978
Page 1

Boomhall Trust
Trustees. Annual Report
for the year ended 31 October 2024
Report of the trustees for the year ended 31 October 2024
The directors are pleased to present their annual report together wth the financial statements of the Charity
for the year ended 31 October 2024 which are also prepared to meet the requirements for a Directors, report
and accounts for Companies Act purposes.
The financial statements comply with the Charities Act (Nl) 2008, the Charities (Accounts and Reports)
Regulations {Nl) 2015, Companies Act 2006, the Memorandum and Articles of Association, and Accounting
and Reporting by Charities.. Ststement of Recommended Practise applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS102) (effective 1 January 2019.)
Dlrectors and trustees
The directors of the charitable company (the charity) are the trustees for the purposes of charity law,
The trustees during the year and at 31 October 2024 were as follows:
James Sammon (Chairperson)
Marie Donaghy
Matthew Foster
Karen Latimer
Bartholomew O'Donnell
Cormac McKeone
Desmond Reid (Treasurer)
Pauline Ros5
Alistair Rowan
James Simpson
Primrose Wilson
Patrick Cregg
Chalrfs report
l am delighted to present the Chair's report at our fffth AGM. l am pleased with the significant developments
during the past year.
Our purposes and actlvitles
The companYs objects are specifically restricted to the following-.
(a) to restore, preserve, conserve and maintain the built and natural environment of the 8oomhall Estate and
its surrounding landscapes to intemationally recognised standards of conservation. By protecting the
historical, environmental, cultural, archaeological and aesthetic significance of the place., the charity intends to
make its heritage accessible for the use, enjoyment, wellbeing, education and inspiration of present and future
generations:
(b) to advance arts, culture and heritage by organising activities and events at the Boomhall Estate and to
educate the public concerning the historic and cultural heritage of the Estate, the archaeological and
environmental significance of its buildings and landscapes and the conservation of built and natural
environrnenls generally;
(c) to provide. or assist in the provision of facilities within the Boomhall Estate and its surroundlngs for
recreation and other leisure time occupation, in a Manner in keeping with Ihe aim of conserving the Estate
and its surroundings commensurate with (a) above, in the interests of social welfare, with the obj8Cts of
improving the conditions of lrfe of local communities and the public at large.
Page 2

Boomhall Trust
Trustees. Annual Report
for the year ended 31 October 2024
Achlevements and performance
1. While the application to the SEUPB for funding to restore the mansion house was unsuccessful, posits've
discussions are taking place with NLHF and the Shared Island Fund.
2. Community and political support for our proposals is strengthening.
3. A planning determination could be expected in Q4 2025 for our outline planning application for the
restoration of the mansion house, subject to completion of reports requested by statutory consultees.
4. Discussions around formalising the governance of our relationship wth the local Council are underway and
are expected to be completed in advance of funding applications to NLHF and the Shared Island Fund.
Flnanclal revlew
During the year income of £20.344 was received 131 October 2023 £20.171) and costs of £24,793 were
incurred (31 October 2023 £18,202) to leave a net deficit of £1,774 {31 October 2023 income £1,969)- The
reserves at the end of the year were a deficit of £1,774 (31 October 2023 £2,674) of which a deficit of £2,007
is unrestricted and a surplus of £233 is restricted.
Reserves pollcy and golng concern
Reserves are needed to bridge the gap between the spending and receiving of income and to cover
unplanned emergency costs. Due to the nature of Charity, no activities are started or costs incurred until
funds are secured from members. The Trustees consider that only nominal reserves are necessary to meet
future costs.
Plans for future perlods
Trustees continue to build relationships with local community groups, potential partners and funders in
preparation for the ambitious plans in the coming years.
Statement of trustees responslbllltles
The charity trustees (who are also the directors of the Boomhall Trust for the purposes of company lawl are
responsible for preparing a trustees. annual report and financial statements in accordance with applicable law
and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the profit or loss of the company for that
year.
In preparing these the trustees are required to..
¥tolcGt aultablc aGGounllng pollcies and apply iheffl conslst8ntly'
make judgements that are reasonable and prudent.
observe the methods and principles in the Charities SORP.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
organisation will conts'nue in business.
Page 3

Boomhall Trust
Trustees. Annual Report
for the year ended 31 October 2024
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the company and to enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularits'es.
Small company provlslons
This report has been prepared in accordance with the provisions applicable to companies entitled to the small
companies exemption.
These financial ststements were approved and authorised for issue on 3 March 2025 and signed on behalf of
the board by.,
Desmond Reld (Treasurer)
Dlrector
Page 4

Boomhall Trust
Company Ilmlted by guarantee
Independent Examlnerfs Report to the Charlty Truste•s of Boomhall Trust
Year ended 31 October 2024
We report solely to the charity trustees on our examination of the accounts for the period ended 31 October
2024. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than
Boomhall Twst and its trustees as a body for our work or for this report. As a practising member firni of
Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are
detailed at ww4.charteredaccountants,ie.
Respectlve responslbllltles of charlty trustees and examlner
As the charity trustees land also the directors of the company for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 and the Charities Act (Northern Ireland) 2008, Having satisfied ourselves that the charity is not subject to
an audit under company law, and is eligible for independent examination, it is our responsibility to..
examine the accounts under section 65 of the Charities Act.
follow the procedures laid down in general Directions given by the Charity Commission for Northem Ireland
under section 6519)(b) of the Charities Act.
state whether particular matters have come to our attention.
Ba818 of Independent examlnerfs report
We have examined your charity accounts as required under section 65 of the Charities Act and our
examination was carried out in accordance with the general Directions given by the Charity Commission for
Northern Ireland under section 65(91(b) of the Chanties Act. The examination included a review of the
accounting records kept by the charily and a comparison of the accounts presented with those records. It also
included consideration of any unusual items or disclosures in Ihe accounts, and seeking explanations from
you as charity trustees conceming any such matters.
Our role is to state whether any material matters have come to our attention giving us concern to believe..
1. that accounting records were not kept as required by section 386 of the Companies Act 2006 and section
63 of the Charities Act.,
2. that the accounts do not accord with those accounting records.
3. that the accounts do not comply with the accounting requirements of section 396 of Ihe Companies Act
2006, the Charities Act and with methods and principles of the Charities Statement of Recommended Practise
applicable to charities preparing their accounls in accordance with the Financial Reporting Standard
applicable in the UK and Republic Of Ireland.
4. that there is further information needed for a proper understanding of the accounts to be reached.
Page S

Boomhall Trust
Company Ilmlted by guarantee
Independent Examlnerfs Report to the Charlty Trustees of Boomhall Trust
Year ended 31 October 2024
Independent Examln•rfs Statement
We have completed our examination and have no concems in respect of the matters (1) to (4) above and, in
connection with following the Direclions of the Charity Commission for Northern Ireland, we have found no
matters that require drawing to your attention.
Fergus McAtee
&Co
Chartered kcountants
31133 Clarendon Straat
Derry
BT48 7ER
3 March 202S
0 3 MAR 3035
Page 6

Boomhall Trust
Company Ilmlted by guarantee
ststement of Flnanclal Actlvltles
(Includlng Income and expendlture account)
for the year ended 31 October 2024
Unrestrlcted Restrleted
Funds
Funds
Totals
2024
Totals
2023
Notes
Income and endowments
Donations & legacies
Income from charitable activities
12,688
7,483
125
20,219
20,344
Total Income
125
20,344
20,171
Exp•ndlture
Charitable activities
4,574
20,219
24,793
18,202
Total expendlture
4,574
24,793
18,202
Net (deflclt)I Income
{4,449)
(4,449)
1,969
Net movement In fund•
14,449)
(4,449)
1,969
Reconclllatlon of funds
Totsl funds brought foN4ard at 1 November 2023
2,441
233
2,674
705
Total funds carried forward at 31 October 2024
12,008)
233
(1,775)
2,674
The statement of financial activities includes all gains and losses recognised in the year.
All Income and expenditure derive from continuing activities
Page 7

Boomhall Trust
Company Ilmlted by guarantee
Balance Sheet as at 31 October 2024
Unrestrlcted Restrlcted
Funds
Funds
Totals
2024
Tota15
2023
Notes
Current Assets
Debtors
Cash at bank and in hand
Total current assets
3,767
(94)
3,673
10,350
1,287
11,637
14,117
1,193
15,310
4,966
8,084
13,050
Credltorn: amounts falllng due
wlthln one year
10
(4,563)
(11,404>
115,967)
(7,109>
Net current a8•ets
(890)
233
1657)
5,941
Total 88S•tx le*8 current Ilabllltles
{890)
233
1657)
5,941
Crodltors: amounts falllng due
after one year
11
(1.118)
(1,118>
{3,267)
Net assets
(2,008)
233
(1,775)
2,674
The Funds of the Charl
Restricted funds
Unrestricted funds
233
233
(2,008)
233
2,441
(2,0081
Funds
12
(2,008)
233
(1,775)
2,674
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in
question in accordanc8 With section 476.,
The directors acknowledge their responsibilities for complying with the requirements of th8 Act with
respect to accouniing fgcDrOs an¢J thg preparation ol Ilngnc191 glatompntS.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies. regime and in accordance with FRS 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland,.
Page 8

Boomhall Trust
Company Ilmlted by guarantee
These financial statements were approved by the board of directors and authorised for issue on 3 March
2025, and are signed on behalf of the board by;
Desmond Reld (Treasurer)
Dlrector
Company Reglstratlon Number . N1665237
Page 9

Boomhall Trust
Company Ilmlted by guarantee
Notes to the flnanclal statements
Year ended 31 October 2024
General Intorn)atlon
The charity is a public benefit entity and a private company limited by guarantee, registered in Northem
Ireland and a registered charity in Northem Ireland. The address of the registered office is 35 Clarendon
Street, Derry, BT48 7ER.
Accountlng pollcles
Ba818 of preparatlon and Statement of compllance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charilies: 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
1021 (effective 1 January 2019) (Charities SORP (FRS 102}), the Financial Reporting Standard
applic8bl8 in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Boomhall Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy note(s).
The financial statements are prepared in sterling, which is the functional currency of the entity.
Golng concern
There are no material uncertainties about the charitvs ability to continue.
Income
Tumover represents the total value of grants received and receivable as well as other income arising
from donations during the year. Grants are recognised in the Profit and Loss account when the
conditions for their receipl have been complied with and there is reasonable assurance that the grant
will be received.
Government and other grants
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised
when the charity has entitlement to the funds, any performance conditions attached to the grants hav8
been met, it is probable that the income will be received and the amount can be measured reliably and
is not deferr8d
Expendlture
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT
which cannot be fully recovered, and is classified under headings of the statement of financial activities
to which it relates-
expenditure on chAritAble activities includ08 all c08t8 incurrod by ? charity in undertaking aGtivitiets ih8t
further its chantable aims for the benefit of its beneficiaries, including those support costs and costs
relatlng to the govemance of the ch8n.ty apP0￿.0ned to charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Page 10

Boomhall Trust
Company Ilmlted by guarantee
Notes to the financlal statements (contlnued)
Year ended 31 October 2024
Taxatlon
During the current year the company has only been involved in charitable activities in furtherance of its
charitable objects and is not liable to Income Tax or Corporation Tax.
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement
constitutes a financing transaction, where it is recognised at the present value of the future payrnents
dlscounted at a market rate ol interest for a similar debt instrument.
Llmlted by guarantee
Boomhall Trust is a registered charity Ilmited by guarantee without a share capital.
Charity Commission of Nl Number.. NIC 107978
HMRC Charity Reference Number.. ZD07255
Funds
Unrestricted Revenue Funds .
comprise those revenue funds which Ihe trustees are free to use in
accordance with the company objectives.
Restricted Revenue Funds -
comprise those revenue funds which have been given for particular
purposes and projects.
Unrestricted Capital Funds -
comprise those net assets which the trust is able to apply freely in
pursuit of its own charitable objectives and related purposes.
Restricted Capital Funds -
comprise those net assets which at the end of the accounting
period have specific grant and other conditions restricting either
their use or their disposability for defined periods.
Page 11

Boomhall Trust
Company Ilmlted by guarantee
Notes to the flnanclal statements {contlnued}
Year ended 31 October 2024
5. Income
Unrestrlcted Restrlcted
Funds
Funds
Total
2024
Total
2023
Donatlons and legacles
Donations
12,688
Total
12,688
Income from charltable actlvltles
The Architectural Heritage Fund
Pilgrim Trust
Other income
Total
20,219
20,219
7,380
125
125
125
20,344
20,219
7.380
6. Expendlture
Unqostslctod
Funds
Restrlcted
Fund8
Total
2024
Total
2023
endlture on charltable actlvltles
Support C08t8
Insurance
Room hire
Accountancy fees
Bank charges
Bank interest paid
Consultancy fees
75
50
550
111
200
17,216
18,202
50
620
117
(20)
3,806
4,573
50
620
117
120)
24,025
24,792
20,219
20,219
Total
4,573
20,219
24,792
18,202
Independent examlners remuneratlon
2024
2023
Fee3 Pay8ble for the independenl examinatlon of the flnanclal statements
620
550
Page 12

Boomhall Trust
Company Ilmlted by guarante•
Notes to the flnanclal statements (contlnued)
Year ended 31 October 2024
Staff Costs
The average number of persons employed by the company during the year amounted to Nil (2023: Nill.
There were no persons employed by the charity during the period,
No remuneration was paid and no expenses were reimbursed to the trustees during the period.
The trustees are the key management personnel of the entity.
Debtors
2024
2023
Trade debtors
Other debtors
12,888
1,229
2,538
2.428
14,117
4,966
10.
Credltors: amounts falllng due wlthln one year
2024
2023
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Other creditors
2,128
11,580
600
1,659
2,128
4,376
605
15,967
7.109
11.
Credltors: amounts falllng due after more than one year
2024
2023
Bank loans and overdrafts
1.118
3,267
Page 13

Boomhall Trust
Company Ilmlted by guarantee
Notes to the flnanclal statements (contlnued)
Year ended 31 October 2024
12.
Analysls ot charltable funds
Analysls of movements In unrestrlcted funds
Balance at IncomlngResources
1st Nov .22 Resources Expended Transfers
Funds at
31st Ocl '24
General Fund
2.441
125
14,574)
(2.008)
2,441
125
{4,5741
(2,008}
Name of restrlcted fund
General Fund
Descrlptlon of the Fund
Funds which the Trust is able to apply freely in pursuit of its own
charitable objectives and related purposes.
Analysls of movements In restrlcted funds
Balance at IncomlngRe8ources
1 st Nov .22 Resources Expended Transt•r8
Funds at
31st Oct'24
Restricted Fund
233
20,219
120,2191
233
233
20,219
(20,219)
233
Name of restrlcted fund
Restricted Fund
Descrlptlon of the Fund
Funds which the Trust applies for particular purposes and projects in
pursuil of its charitable objectives
Analysls of net ass•t8 b•tw••n funds
General Restrlcted
Fund
Fund
Total
194)
1,287
1,193
3,767
10,350
14,117
14,563) {11,404) (15,967)
11,118>
11,118)
Cash at bank and in hand
Other current assets
Current liabilities
Long term liabilities
Total
12,008>
233
11,775)
Page 14

Boomhall Trust
Company Ilmlted by guarantee
Notes to the flnanclal statements (contlnued)
Year ended 31 October 2024
13.
Rèlated party transactlons
During the year the company entered into the following transactions with related parties:
Transaction value
2024
2023
Trustees (Loan)
Trustees (Donations)
(1,170)
10,000
Page 15