Registration Number: N1664313 Charity Number: IYIC108145 Martin MeGulnness Peace Foundation (Company limited by gu¥4rantee) Ditors, report and financial ststements for the year ended 31 December 2024
Martin McGuinne$s Peace Foundatlon Company Ilmited by guarantee Contents Page Inforniation Directors, Report Indq)cndent Examinefs Report Statement of Financial Activities Balance sheet Notes to the financial statements 8-11
Martln MeGuinness Peace Foundation Company limited by guaralltee Company information Directors Charles Lamberton Grainne Hargan Aidan McAteer Andrew Mccartney Donna Mccloskey Fihra McGuinness Fionnuala McGuiDn¢ss Emmett McGuinness Gareth Stewart Secretary Charles Lamberton Charity number NIC108145 Company number N1664313 Registered office Unit 6 lona Business Park Southway Derry BT48 9AH Accountants McGroarty McCaff¢rty & Company Ltd Accountants & Tax Consultants 2 Carlisle Terrace Derry BT48 6JX Bankers Bank of Ireland 27 Culmore Road Derry B T48 8JB Page I
Martin McGuinness Peace Foundation Company limited by guAralltee Directors, report for the year ended 31 December 2024 The directors present their report and the financial statements for the year ended 31 December 2024. Directors and Iheir interests The directors of the charity for the purposes of charity law and throughout this report are collectively referred to as the directors. The directors serving during the year and since the year end were as follows: Charles Lamberton Grainne Hargan Aidan McAteer Andrew Mccartney Donna Mccloskey Fiachra McGuinness Fionnuala McGuinness Emmet McGuinness Gareth Stewart Objectives and activities In the spirit of celebrating the life and achievements of Martin McGuinness, as a leader. a political activist and an international statesperson. the charity is established for the charitable purposes only and in particular to cary out charitsble activities for the public benefit in the areas of: The advancement of reconciliation, conflict resolution, unity and peace building - locally, nationally and internationally. . Community empowennent; .The advancement of human rights, and. .The advancement of equality, inclusivity and diversity. The Foundation will promote these goals through an inclusive program education, sport, debate, art and culture which will be open to all. Governing Document The organisation is a company with charitable status. The charity was registered with the Charity Commission Northern Ireland on 17 February 2022. The company was incorporated on I I September 2019 and established under Memorandum & Articles of Association which outlined the area of benefit and the objects of the charitable organisation. Risk Management The directors have a risk management strategy which consists of establishing a system of identifying risks and mitigating such risks. Page 2
Martin McGuinness Peace Foundation Company limited by guarantse Directors, report for the year ended 31 December 2024 . continued Results & Performance The results and perforniance for the year of Martin McGuinness Peace Foundation are summarised in the enclosed accounts. Direclors Responsibilities In Relation To The Financial Statements Company law requires the directors to prepare financial statements for each financial year that give a true and fair view of the state of the affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the directors are required to: select suitable accounting policies and apply them consistently. - observe methods and principles in the charities SORP; - make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The directors are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other Iegular1ties. This report is prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. Independent Examiner resolution to re-appoint McGroarty, Mccafferty & Company Ltd as Independent Examiners will be proposed at the annual general meeting. This report was approved and authorised for issue by the Board on 3 September 2025 and signed on its behalf by QawJflF Director Director Page 3
Martin McGuinness Peace Foundation Cojnpany limited by guarantee Independent Examiner's reporl on the unaudited finallcial statements to the directors of Martin McGuinness Peace Foundation We report on the accounts of the company for the year ended 31 December 2024, which are set out on pages 5 to 11. Respective responsibilities of charity directors and examiner. As the charity directors you are responsible for the preparation of the accounts in accordance with the r¢quiremcnts of the Companies Act 2006. Having satisfied ourselves that the charity is not subject to 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 2008. follow the procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act 2008. - state whether particular matters have come to our attention. Basis of Independent Examiner's report We have examined your charity accounts as required under section 65 of the Charities Act and our examination w&s 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. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included a consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity directors concerning any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe: - th¢lt 4Counting records were not kept in accordance with section 386 of the Con)panies Act 2006. - that the accounts do not accord with those accounting records. that the accounts do not comply with the accounting requirements of the Section 396 of the Companies Act 2006 and the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland. that there is further inforn]ation needed for proper understanding. Independent Examiner's statement We have completed our examination and have no concerns in respect of the matters listed above and. in connection with following the directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. McGro2rty Mccafferty & Company Ltd Accountants & Tax Consultants 2 Carlisle Terrace Derry BT48 6JX Date: 3 September 2025 Page 4
Martin McGuinness Peace Foundation Company limited by guarantee Statement of Financial Activities for the year ended 31 December 2024 Total Funds 2024 Total Funds 2023 Unrestricted Funds Restricted Funds Income and Expenditure Incoming Resources Voluntary Income Incoming resources from charitable activities 25,655 25,6)5 29,733 Total Incoming Resources 25.655 25,655 Resources Expended Management & Athninistration 31,839 31,839 30,483 Total Resources Expended 31,839 31,839 30,483 Net Incorning l (Outgoing) Resources (6.184) (6,184) (1.250) Balances brought forward l January 2024 56,837 56,837 58,087 Balances carried forward 31 December 2024 50.653 50,653 56,837 Thc abov¢ amounts relate to continuing operations of the charity. The charity has no recognised gains and losses other than those included in the results above and therefore no separate statement of total recogniscd gains and losses has been presented. There is no difference between the net incoming resources for the ycar stated above and their historical cost cquivalents. Page 5
Martin McGuinness Peace Foundation Company lfimfited by guarantee Balance sheet as at 31 December 2024 2024 2023 Notes Current assets C&8h at bank and in hand 51.133 57,317 51.133 57.317 Creditors: amouots falling due within one year (480) (480) Net current assets 50,653 56.837 Total assets less current liabilities 50,653 56.837 Net assets 50.653 56,837 Funds Unrestricted Restricted 50,653 56,837 50,653 56,837 The llot on pages 8 to 11 fonn an integral part of these financial statsments. Page 6
Martin McGuinness Peace Foundation Company lfimited by guarantee Balance sheet (continued) Directors, statements required by Sections 475(2) and (3) for the year ended 31 December 2024 In approving these financial statements as directors of the company we hereby confimi: The company w&s entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with SORP FRS 102. Director Director Date: 3 September 2025 Dale: 3 September 2025 Regfistration No: N1664313 Page 7
Martin McGuinness Peace Foundation Company limitsd by guarantee Notes to the financial statements for the year ended 31 December 2024 General information The company is a private company limited by guarnatee, registered in Northern Ireland. The address of the registered oificc is Unit 6 lona Business ParL Southway, Deny, BT48 9AH. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Staternent of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland Charities SORP (FRS 102), and the Companies Act 2006. The financial staten)ents are prepared on a going concern basis under the historical cost convcntion. The financial statements are presentcd in st¢rling which is the functional currency of the charity. Ineonie (i) Grants Grants represents all amounts received and receivable during the year. Capital grants are released to the profit and loss account in the year in which they are received in line with the SORP Accounting & Reporting by Charties 2019. Revenue grants are credited to the Statement of Financial Activities in the year they are received. (li) Donations & administration income. This comprises amounts received during the year. IJ Expenditure {i) Direct Charitable Expenditure This represents all expenditure directly attributable to charitable causes. (li) Managemcnt & Administration This includes all other expenditure not directly allocated above and a portion of the ovcrhcad costs attributable to management and administration. Page 8
Martin McGuinness Peace Foundation Company limited by guarantee Notes to the financial statements for the year ended 31 December 2024 . ntInued Unrestricted Restricted Total Income Kneome Funds 2024 2024 Total Funds 2023 2.1 Incoming Resources 2024 Volunta Income Donations 25,655 25,655 29,233 (i) Restricted Funds Funds received which are earniarked by the Funder for specific pulposes. Such purposes are within the overall aims of the organisation. (li) Unrestricted Funds Funds which are expendable at the discretion of the company in fLlltherance of the aims of the charity. In addition funds may be held in order to finance capital investment and working capital. Resources Expended Unrestricted Funds Restricted Funds Total 2024 Total 2023 Management & Administration Wages & salaries Prizes & project costs Accountancy Bank charges 18,000 13,108 598 133 18,000 13,108 598 133 18,000 11,684 673 127 Total 31,839 31,839 30,483 Page 9
Martln McGuinness Peace Foundation Compally limited by guarantee Notes to the fmaneial statements for the year ended 31 Deeember 2024 . continued Employees Employment costs Year ended 2024 Year ended 2023 Wages and salaries 18,000 l 8,000 Number of employees The average monthly numbers of employees during the year were was as follows: 2024 Number 2023 Number Average number of employees Creditors: amounts falling due within one year 2024 2023 Accruals 480 480 Movements in Funds At l January Incoming Outgoing 2024 resources resources At 31 December 2024 Restricted funds: Totsl restricted funds Unrestricted funds: 56,837 25,655 (31,839) 50,653 Total unrestricted funds 56,837 25,655 (31,839) 50,653 56,837 25,655 (31,839) 50,653 Page 10
Martin McGuinness Peace Foundation Company limlted by guarantee Notes to the fman¢ial ststements for the year ended 31 December 2024 . continued Taxation There is no charge to taxation as the company has charitsble status. Related party transactions There were no related party transactions in the year under review. Controlling Interest Controlling interest rests with the board of directors. Company limited by guarantee The company is limited by gurantee and does not have a share capital. Page 11