St Patrick Visitor Centre Limited - Charities report - 20.2

REGISTERED COMPANY NUMBER: NI031122 (Northern Ireland)

REGISTERED CHARITY NUMBER: HMRC XR13983

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

ST PATRICK VISITOR CENTRE LIMITED

Page

Report of the Trustees

1

to

5

Report of the Independent Auditors

6

to

7

Statement of Financial Activities

8

Balance Sheet

9

Notes to the Financial Statements

10

to

18

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2020. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The main objective of the company is to provide a focal point for tourists, pilgrims and the local community to learn more about the story of Patrick and his continuing relevance in modern Ireland and around the World. The Centre aims to regenerate the local tourist economy after many years of the 'troubles' in Mid Down and bring communities together - particularly children through our Cross Community Education Programme. This Programme is developing links not just between schools from different faiths and traditions in Northern Ireland but also building bridges across the border, which is one of the main objectives.

The strategies employed to assist the company to meet those objectives include the following:-

- monitoring of service and standards of customer contact to ensure that standards are kept;

- the Centre tailors service to the appropriate target audience; local history groups and interested parties, for

example being met by the Director or Education Officer or another knowledgeable person;

- detailed planning on how to handle all manner of questions and emergencies which may arise;

- ensuring guides are suitably clothed and scripted to enhance the experience;

- opening and closing times should always be what has been advertised and reflect standard tourism times;

- implementation of a customer care ethos.

Public benefit

The trustees are confident that the charitable aims of St Patrick Visitor Centre Limited satisfy the principles of public benefit as defined in the Charities Act. They have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning its future activities.

The Saint Patrick Centre enhances public understanding of and access to Irish history by providing the only permanent exhibition in the World about Saint Patrick in Downpatrick, Northern Ireland. This has a direct benefit to the people of Mid Down and a wider benefit to the people of County Down. The Centre was one of five 'Signature Projects' for Northern Ireland selected by the government to bring increased prosperity and tourism revenue to future generations here. As a result the Saint Patrick Centre primarily claims charitable status under the Charities Act as an organisation by providing public benefit through the advancement of the arts, culture, heritage or science. The Saint Patrick Centre has a cross community schools programme promoting a greater understanding of Saint Patrick for children and provides a shared community space. It advances community development and reconciliation through it's ethos of promoting Saint Patrick as a figure who can be understood and celebrated by all of the peoples of Northern Ireland as a result of its work with community groups and schools. What better role model to do this in modern Northern Ireland than someone from Britain who became the Patron Saint of Ireland? This has a direct benefit to the community groups and schools who participate, an indirect benefit within their communities as well as a wider benefit throughout Northern Ireland. As a result, the Saint Patrick Centre also claims Charitable Status by providing public benefit through the advancement of education, as well as having the wider benefit of the advancement of citizenship or community development.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Centre is a private charitable organisation which attracts increasing numbers of local and international visitors every year. The Cross Community Education Programme is partially funded through financial support from the Dept of Foreign Affairs in Dublin and from the Ancient Order of Hibernians in America. The Friends of Saint Patrick organisation has developed from the Centre to create a number of Chapters in North America and has provided the Young Ambassador Program annually. This involves bringing young people to Northern Ireland who have been selected nationally throughout the USA to learn about the different cultures of this part of Ireland, develop their interests and return to represent our communities in future years. The Centre regularly hosts cross community art exhibitions in its Art Gallery, hosts the Churches Together Organisation, Downpatrick Citizens Advice, U3A workshops and many other charitable activities.

FINANCIAL REVIEW

Principal funding sources

Beyond trading activities, which accounts for the majority of income, Newry, Mourne and Down District Council provide a grant of £115k. The Irish Department of Foreign Affairs also contributes annually.

Investment policy and objectives

Aside from retaining a prudent amount in reserves each year most of the charity's funds are to be spent in the short term so there are few funds for long term investment. Having considered the options available, the Management Committee has decided to invest the small amount that it has available in short term high interest bank accounts. Grants received in advance are to be invested in replenishing the exhibition.

Reserves policy

The Management Committee has examined the charity's requirements for reserves in light of the main risks to the organisation. A policy has been established whereby unrestricted funds not committed or invested in tangible assets held by the charity should be 6 months of the annual budgeted expenditure.

Budgeted expenditure for the 20/21 is approximately £445,600 and therefore the target is £222,800 of general unrestricted funds. The reserves are required to meet the working capital requirements of the charity.

The actual reserves at 31 March 2020 amount to £129,158, which falls significantly short of the target figure of £222,800. In calculating unrestricted reserves the trustees have excluded funds already spent on tangible fixed assets of £4,161,974. Although the strategy is to continue to build reserves, the Management Committee is aware that it is unlikely that the target can be reached for a number of years. The committee has also considered the extent to which existing activities and expenditure could be curtailed, should the circumstances necessitate.

FUTURE PLANS

The company plans continuing most of the activities outlined above in the forthcoming years and to develop the following strategic objectives of the future:-

1. To encourage the development and promotion of the Saint Patrick Centre and Downpatrick.

2. To deliver a successful, efficient and effective commercial operation within the constraints of budget annually provided by Newry Mourne and Down Council and other funding agencies.

3. To maximise visitor numbers to the Centre through effective product marketing.

4. To work in cooperation with those whose primary responsibility is to do so promote the facility to the Domestic, RoI and GB markets.

5. To develop international interest within the US and European markets in cooperation with those whose primary responsibility is to do this.

6. To develop international Educational and Special Interest Markets

7. To develop key partnerships within the public and private sectors so that there is a cohesive marketing approach for the St Patrick Visitor Centre.

8. To work in cooperation with other local facilities including Down Museum and Down Cathedral in international promotion as part of 'St Patrick's Country'.

9. To develop consistent and effective evaluation processes for all operational and marketing activity.

10. To develop restaurant facilities of excellence which provides income by attracting a local audience and can accommodate coach and Fly Drive business as well as conference business.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Saint Patrick Visitor Centre was set up in July 1996 as a company limited by guarantee to:

- benefit the people of Downpatrick and the District of Down without distinction of sex,

race, political, religious or other opinion of a Visitor Centre with exhibits and

collections, drama and displays in relation to the history of St. Patrick and the area of

benefit.

- provide for the advancement of public education in Downpatrick and the District of Down

without distinction of sex, race, political, religious or other opinion of a Visitor Centre

with exhibits and collections."

Recruitment and appointment of new trustees

Saint Patrick Centre is governed by a Memorandum of Association. During 2019, 10 Trustees served on the Board of Saint Patrick Centre. New Members are elected at the Annual General Meeting.

The Board provides a range of expertise and skills, including project management, accountancy and planning. The Board have a close working relationship with the Director and in this respect the Board has a good understanding of the project and is able to exercise appropriate levels of control.

Since September 2008 the Board meets monthly apart from during summer months. The minutes for each meeting are recorded and circulated prior to the next meeting for agreement. In terms of membership and organisational processes, the Board represents a wide spectrum of the local community and operate in such a way as to provide monitoring and support for the Director.

Organisational structure

The company have a board of directors who meet monthly and are responsible for the strategic direction and policy of the company.

All staff report to the Director who in turn is accountable to the Saint Patrick Centre Board. Given the scale of operation, these reporting lines are entirely appropriate.

The Director has appropriate delegation rights from the Board, while control is monitored through monthly reports to the Board including reports on operational and financial status of the project.

Induction and training of new trustees

On-going training is provided in-house by either the Director, the Administrative Manager or where necessary from external providers. In particular:

- A substantial induction pack has been prepared for recruits which deals with exhibition content.

- Duty Managers include Director, Shop Manager and Administrative Manager.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

NI031122 (Northern Ireland)

Registered Charity number

HMRC XR13983

Registered office

53a Market Street

Downpatrick

Co. Down

BT30 6LZ

Trustees

M Crichton Newspaper Editor

Very Rever D H Hull Minister

E McGrady Chartered Accountant

Ms E O'Neill Solicitor

Dr J Harper

V Mac Nabb

B A King

Mrs M Gallagher

Fr J McManus

Company Secretary

T Campbell

Auditors

M.B.Mc Grady & Co

Chartered Accountants

Registered Auditor

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of St Patrick Visitor Centre Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (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 incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charity 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 charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, M.B.Mc Grady & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 2 December 2020 and signed on its behalf by:

Ms E O'Neill - Trustee

Opinion

We have audited the financial statements of St Patrick Visitor Centre Limited (the 'charitable company') for the year ended 31 March 2020 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 March 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Material uncertainty relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

-	the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

-

the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Emphasis of matter

We draw attention to note 17 in the financial statements, which indicate that the emergence and spread of the coronavirus continues to cast uncertainty on how the company's operations may be impacted. As more information in relation to the epidemic emerges the company will be required to monitor daily developments.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Malachy McGrady FCA (Senior Statutory Auditor)

for and on behalf of M.B.Mc Grady & Co

Chartered Accountants

Registered Auditor

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

2 December 2020

2020

2019

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

118,874

22,791

141,665

132,626

Other trading activities

3

246,383

-

246,383

254,532

Investment income

4

16,800

-

16,800

16,050

Total

382,057

22,791

404,848

403,208

EXPENDITURE ON

Raising funds

5

122,162

-

122,162

109,749

Charitable activities

Charitable activity

389,985

9,320

399,305

438,988

Total

512,147

9,320

521,467

548,737

NET INCOME/(EXPENDITURE)

(130,090

)

13,471

(116,619

)

(145,529

)

RECONCILIATION OF FUNDS

Total funds brought forward

4,421,222

24,349

4,445,571

4,591,100

TOTAL FUNDS CARRIED FORWARD

4,291,132

37,820

4,328,952

4,445,571

2020

2019

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

4,138,154

23,820

4,161,974

4,292,233

CURRENT ASSETS

Stocks

11

89,118

-

89,118

89,487

Debtors

12

17,091

-

17,091

30,666

Cash at bank

67,519

14,000

81,519

77,461

173,728

14,000

187,728

197,614

CREDITORS

Amounts falling due within one year

13

(20,750

)

-

(20,750

)

(44,276

)

NET CURRENT ASSETS

152,978

14,000

166,978

153,338

TOTAL ASSETS LESS CURRENT LIABILITIES

4,291,132

37,820

4,328,952

4,445,571

NET ASSETS

4,291,132

37,820

4,328,952

4,445,571

FUNDS

15

Unrestricted funds

4,291,132

4,421,222

Restricted funds

37,820

24,349

TOTAL FUNDS

4,328,952

4,445,571

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

The financial statements were approved by the Board of Trustees and authorised for issue on 2 December 2020 and were signed on its behalf by:

E O'Neill - Trustee

1.	CHARITIES RESERVES POLICY

As at the 31 March 2020 St Patrick Visitor Centre Ltd's balance sheet shows total funds of £4,328,952 of which £4,291,132 is unrestricted. Per the Statement of Recommended Practice "Accounting and Reporting by Charities" when calculating the amount of unrestricted reserves trustees are required to exclude funds which have already been invested or designated for another purpose.

St Patrick Visitor Centre Ltd's actual unrestricted reserves as at 31 March 2020 were £129,158. In calculating the unrestricted amount the trustees have excluded funds already spent on tangible fixed assets of £4,161974.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

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 measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

20% on cost

Equipment

-

2% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

3.	OTHER TRADING ACTIVITIES

2020

2019

£

£

Shop income

190,632

183,692

Exhibition

15,792

11,796

Restaurant Income

10,873

17,078

Conference Income

3,812

6,841

Educational Trips

1,097

3,928

Tour Groups

16,518

24,454

Miscellaneous

7,659

6,743

246,383

254,532

4.	INVESTMENT INCOME

2020

2019

£

£

Rents received

16,800

16,050

5.	RAISING FUNDS

Raising donations and legacies

2020

2019

£

£

Support costs

-

5,646

6.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2020

2019

£

£

Auditors' remuneration

4,667

4,500

Depreciation - owned assets

130,259

130,264

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2020 nor for the year ended 31 March 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2020 nor for the year ended 31 March 2019.

8.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2020

2019

Other Staff

4

4

Administrative Staff

3

3

Management Staff

1

1

8

8

No employees received emoluments in excess of £60,000.

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

118,059

14,567

132,626

Other trading activities

254,532

-

254,532

Investment income

16,050

-

16,050

Total

388,641

14,567

403,208

EXPENDITURE ON

Raising funds

109,749

-

109,749

Charitable activities

Charitable activity

423,892

15,096

438,988

Total

533,641

15,096

548,737

NET INCOME/(EXPENDITURE)

(145,000

)

(529

)

(145,529

)

RECONCILIATION OF FUNDS

Total funds brought forward

4,566,222

24,878

4,591,100

TOTAL FUNDS CARRIED FORWARD

4,421,222

24,349

4,445,571

10.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Equipment

Totals

£

£

£

£

COST

At 1 April 2019 and 31 March 2020

4,030,557

2,396,833

80,872

6,508,262

DEPRECIATION

At 1 April 2019

1,370,016

770,664

75,349

2,216,029

Charge for year

80,611

47,932

1,716

130,259

At 31 March 2020

1,450,627

818,596

77,065

2,346,288

NET BOOK VALUE

At 31 March 2020

2,579,930

1,578,237

3,807

4,161,974

At 31 March 2019

2,660,541

1,626,169

5,523

4,292,233

11.

STOCKS

2020

2019

£

£

Stocks

89,118

89,487

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

10,212

17,244

Other debtors

-

5,000

Prepayments and accrued income

6,879

8,422

17,091

30,666

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts (see note 14)

-

800

Trade creditors

4,866

20,432

VAT

8,584

5,151

Accruals and deferred income

7,300

17,893

20,750

44,276

14.

LOANS

An analysis of the maturity of loans is given below:

2020

2019

£

£

Amounts falling due within one year on demand:

Bank overdraft

-

800

15.	MOVEMENT IN FUNDS

Net

movement

At

At 1/4/19

in funds

31/3/20

£

£

£

Unrestricted funds

General fund

4,421,222

(130,090

)

4,291,132

Restricted funds

NIEA

14,949

(329

)

14,620

BIG LOTTERY

9,400

(200

)

9,200

DFC

-

14,000

14,000

24,349

13,471

37,820

TOTAL FUNDS

4,445,571

(116,619

)

4,328,952

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

382,057

(512,147

)

(130,090

)

Restricted funds

NIEA

-

(329

)

(329

)

Department of Foreign Affairs and Trade - Reconcilation/Anti-Sectarianism Funds

8,791

(8,791

)

-

BIG LOTTERY

-

(200

)

(200

)

DFC

14,000

-

14,000

22,791

(9,320

)

13,471

TOTAL FUNDS

404,848

(521,467

)

(116,619

)

Comparatives for movement in funds

Net

movement

At

At 1/4/18

in funds

31/3/19

£

£

£

Unrestricted funds

General fund

4,566,222

(145,000

)

4,421,222

Restricted funds

NIEA

15,478

(329

)

15,149

BIG LOTTERY

9,400

(200

)

9,200

24,878

(529

)

24,349

TOTAL FUNDS

4,591,100

(145,529

)

4,445,571