Registration nunjber N1039778 Charity Dumber: NIC100015 The North West Community Iyetwork (Company limited by guarantee) Directors, report and financial ststements for the year ended 31 March 2023 The North West Community Network Company limited by guarantee Contents Page Infomation Directors, Report Independent Examiner's Report Statement of Financial Activities Balance sheet Notes to the financial statements 9-15 The North W￿¢ Community Nelwork Comp#Dy Ilmleed by guarxlltee CompAny iuforniatlOD Direeiors Donna McAnn¢ny Patri¢ia Rose Bray Milligan Emma Johnston (Resigned 10th July 2023) Mary Scally Martin Mccartney Eliza Browning (Appointed 4th September 2023) Nua14 Crilly (Appoint¢d 4th Seplcmb¢r 2023) Secretary Roisin McLaughlin Charity number XR21800 NIC100015 Company number N1039778 Registered offic¢ 8-14 Bishop Street Deny BT48 6PW Accounlanls McGroarty M¢Cafferty & Company L¢d Accountants & Tlx Consultants 2 Carlisle Terrace Derry BT48 6JX Business address 8-14 Bishop Street Derry B T48 6PW Bankers AIB IND Meadowbank Sirdnd Road De BT48 7TN Page I The North West Community Network Conipany limited by guarantee Directors, report for the year ended 31 March 2023 Tlie directors present their report and the financial stateinents for the year ended 31 March 2023. Directors and their interests The directors of tlie charity for the purposes of charity law and throughout this report are collectively referred to as the directors. The directors serving duriiig the year and since the year end were as follows: Patricia Rose Bray Liam Milligan EInma Johnston (Resigned l Oth July 2023) Donna McAnneny Mary Scally Martin Mccartney Eliza Browning (Appointed 4th September 2023) Nuala Crilly (Appointed 4th September 2023) Objectives and activities NWCN provides community development support and leadership to community organisations across the North-west area. NWCN moves on a continuurn stretching from operational and practical inputs to those more strategic in nature. NWCN is active on many fronts ensuring that communities are supported in what they do, able to provide community perspective and influence at decision-making level, and competently represented by NWCN through the strategic linkages it has built. The most recognksable feature of NWCN is its range of infonnation services functioning on the premise that infomiation supports engagement which facilitates lobbying and influencing activity. These include: A weekly ebulletin. Monthly consultation e-bulletins. Website & social networking updates and notifications. These communications rely heavily on a database amounting to over 300 regular recipients (and contributors), primarily from the community and voluntary sector though with an increasing proportion of statutory associates. This is recognised as the most comprehensive database for the community and voluntary sector in the are4 constantly being refined and evolved. The other pillar that supports these services is solid and skilful research on sectoral issues. NWCN also supports the learning, inclusion and activism of sectoral colleagues through: Sub-regional and networking events on themes relevant to the sector. Customised training to develop lobbying & iiifluencing skills. Working with seldom-heard groups on community development practice. Engaging with cross-sectoral fora to improve communications & relationships. Participating in stakeholder groups to deliver more co-ordinated activity on matters of engagement and influence. Supporting all networking activity in the area. Leading through good practice on e.g. governance & user involvement. Developing collective activity on policy issues relevant to the North West. Promoting social partnership. Page 2 The North West Comn)unity Network Company liniited by guarantee Directors, report for the year ended 31 March 2023 coiitinued Public Benefit The main benefit is to proinote citizenship and community development within the community and voluntary sector, Ineaning charities and voluntary organisations, for the benefit of the public through providing advice and infonnation, training, conferences and seminars on subjects relevant to the efficiency of the voluntary sector, and representation on matters relating to govemment policy and legislation, leading to a more active, engaged and participative society. Health liaising with statutory agencies to influence those with decision making powers in the sector so that Health & Social Care policy and provision is more directly influenced by public experience, needs and creativity. Reaching out to the seldom heard groups in society (e.g. carers) thus facilitating increased inclusion and influence for these sections of the public. Education through delivering community education and training, bringing about an increase in public learning, knowledge and community activism. Relief of povety by attending relevant training workshops seminars meetings and sharing knowledge with wider sector to create more infomled, connected and active communities and advocates within these. Governing Document The organisation is a company with charitable status. The charity was incorporated on 4 December 2000. The compaiiy was 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. Results & Performance The results and perfomiance for the year of The North West Community Network are summarised in the enclosed accounts. Directors 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 stste of the affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. Jn doing so the directors are required to.. select suitable accounting policies and apply them consistently. observe methods and principles in the charities SORP. make judgeinents and estimates that are reasonable and prudent. prepare the financial statements on the goiiig concern basis unless it is inappropriate to presume that the charity will continue in business. Page 3 The North West Community Nelwork Company lill￿led by guarunlee Dlrectors, report for thc ye4r cnded 31 March 2023 . coniinued The direciors are responsible for maintaining proper accounting records which disclose with reasonable accurncy at any time the financial w)sition of ihe chariiy and enables them lo ensure thai ihe financi .s(aiements comply with the companie.s Act 2006. The direcior8 are also responsible for ,qafeguarding the &￿ts of Ihc charily and hence for lakin8 re&sonabJe Sleps for Ihe prevcniion and delection of fraud and other irr¢gulwities. This report is prepared in accordance with th¢ 5pe¢ial provisTons of part 15 of the Companies Act 2006 rcldting to small companics. Independent ExamAner A rcsolution to re-appoint M¢Groarty. Mccafferty & Company Lid as independent examiners will be proposed al the annual general meaing. 's report Was approved and authorised for issue by the Board on aud signed on its behalf by Director Director Page 4 The North West Community Network Company limiled by guargnlee Independent examiner's report on the unaudited financial statements to the directors of The North West Community Network We report on the accounts of the company for the year ended 31 March 2023, which are set out on pages 6 to Respective responsibilities of eharity directors and examiner. As tlie charity directors you are responsible for the preparation of the accounts in accordance with the requireinents of the Companies Act 2006. Having satisfied ourselves that tlie 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 &s 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 Jreland 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 conceming any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe: that accounting records were not kept in accordance with section 3 86 of the Companies 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 Reporting Standard applicable in the UK and Republic of Ireland. that there is further infonnation needed for proper understanding. Independent exan)iner'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. Accountants & Tax 2 Carlisle Te Der BT48 6JX ultants Date: I l December 2023 Page 5 The North Wesl Community Network Company limited by guarantee Statement of Financial Activities for the year ended 31 March 2023 Total Funds 2023 Total Funds 2022 Unrestricted Funds Restricted Funds Income and Expenditure Incoming Resources Voluntary Income Incoming resources from chariiable activities 40,681 40,681 71,707 2,600 73,207 71,707 Total Incoming Resources 40,681 71,707 112,388 75.807 Resources Expended Manageinent & Administration 23,106 68.508 91,614 73.045 Total Resources Expended 23,106 68,508 91,614 73,045 Net Incoming / (Outgoing) Resources 17,575 3,199 20,774 2,762 Balances brought forward l April 2022 22,609 7,524 30,133 27,371 Balances carried forward 31 March 2023 40,184 10,723 50,907 30,133 The above 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 ststement of total recognised gains and losses has been presented. There is no difference between the net incoming resources for the year stated above and their historical cost equivalents. Page 6 The North West Community Network Company limited by guarantee Balanee sheet as at 31 March 2023 2023 2022 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 890 1,547 6,555 46.582 9,184 32.810 53.137 41,994 Creditors: amounts falling due within one year (3.120) (13,408) Net current assets 50,017 28,586 Total assets less current liabilities 50.907 30,133 Net assets 50,907 30,133 Funds Unrestricted Restricted 40,184 10,723 22,609 7,524 50,907 30,133 The notes on pages 9 to 15 form an integral part of these financial statements. Page 7 The Nortli Wcsl Cummunily Ne(work Company limited by gullramtee Balance sheet (continued) Directors, statenicnts requlred by SectioLs 475(2) and (3) for the year ended 31 March 2023 In Approving thebc fmancial 5tdtenicnis as director5 of the compdlly we hereby Conf￿￿. The company w&5 cnutlcd 10 exempiion from audil under s477 of the Companics Act 2006 rclaiing to sma]I companies. The members have noi required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The dircctors acknowlcdgc their irspoThsibililies for complying with the requirements of the Companies Act 2006 with respcct io accounting records and p￿p<￿ation of accounts. These accounts have been prepared in accoi'dance with the provisions applicablc to small companies subject to the small companles rcgiine and in accordance with SORP FRS102. Direclor Director DAte: Reglstration No: N1039778 Page 8 The Nortli West Community Network Company limited by guarantee Notes to the financial statements for the year ended 31 March 2023 General inforniation The coinpany is a private company limited by guarnatee, registered in Northern Ireland. The address of the registered o￿lCe is 8-14 B Tsliop Street, Derry, BT48 6PW. Statement of compliance Tlie significaiit accouI)ting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The charity constitutes a public benefit entity as defined by FRSI 02. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act (Northern Ireland) 2008 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 published in October 2019 (SORP 2019) and the Companies Act 2006. The financial statements are prepared on a going concern basis under the historical cost convention, modified to included certain items at fair value. The financial statements are presented in sterling wliich is the functional currency of the charity. Income (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. (ii) Donations & administration income. This comprises amounts received during the year. 1.3 Expenditure (i) Direct Charitable Expenditure This represents all expenditure directly attributable to charitable causes. (li) Management & Administration This includes all other expenditure not directly allocated above and a portion of the overhead costs attributable to management and adininistration. Page 9 The North West Community Network Company limited by guarantee Notes to the fJn2ncial statements for the year ended 31 March 2023 continued Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciatioii is provided at rates calculated to write off the cost less residual value of each Isset over its expected useful life, as follows: Fixtures, fittings and equipment 150/0 Straight line Page 10 The North West Community Network Cojnpany limited by guaranlee Notes to the financial statements for the year ended 31 March 2023 continued Unrestricted Restricted Income Income 2023 2023 Total Funds 2023 Total Funds 2022 Incoming Resources Ineomin resources from charitable activities Department for Communities Deny City & Strabane District Council Awards for All British Science Associatxon Big Lottery Fund John Moores Foundation 60,394 60,394 3,677 3,677 7,107 7,107 54,830 2,862 1,270 13.057 620 568 529 529 71,707 71.707 73,207 VoIunta Income British Science Association Pacific Lutheran University Membership Fees Other Jncome 26,613 7,100 96 6,872 26,613 7.100 96 6,872 475 2,125 40,681 40,681 2,600 Total 40,681 71.707 112,388 75,807 (i) Restricted Funds Funds received which are earniarked by the Funder for specific purposes. Such purposes are within the overall aims of the organisation. (li) Unrestricted Funds Funds which are expendable at the discretion of the company in furtherance of the aims of the charity. In addition funds may be held in order to finance capital investment and working capital. Page 11 The North West Community Neiwork Company limited by guarantee Notes to the financial statements for the year ended 31 March 2023 continued Resources Expended Unrestricted Funds Restrieted Funds Total 2023 Total 2022 Management & Administration Wages & salaries Pension costs Rent & Utilities Insurance Printiiig, postage & stationery Conferences, meetings & seminars Computer Costs Programme costs Programme costs - John Moore Programme costs - Awards for all Programme costs - PLU Programme cocsts - BSA Accountancy Training & course fees Bank charges Subscriptions Sundry Depreciation 1,000 48,626 3,068 5,520 1,01 I 49,626 3,068 5,520 1,018 211 785 324 1,030 529 7,107 7,100 13,037 960 47,748 2,286 3,950 895 251 1,223 757 13,057 211 785 324 1.030 529 7,107 7,100 13,037 960 840 895 305 60 105 673 395 60 187 395 60 187 657 657 Total 23,106 68,508 91,614 73,045 Operating profit 2023 2022 Operating profit is stated after charging: Depreciation and other amounts written off tangible assets 657 673 Page 12 The North West Community Network Company limited by guarantee Notes to the financial statements for the year ended 31 March 2023 continued Employees Employment costs Year ended 2023 Year ended 2022 Wages and salaries Pension costs 49,626 3,068 47,748 2,286 52,694 50,034 Number of employees The average monthly numbers of employees during the year were was as follows: 2023 Number 2022 Number Taxation There is no charge to t&xation as the company has charitable status. Page 13 The North West Community Nelivork Company limited by gu8rantee Iyotes to the financial statements for the year ended 31 Mareh 2023 continued Fixtures, rittings and equipment Tangible fixed assets Total Cost At l April 2022 At 31 March 2023 34,237 34,237 34,237 34,237 Depreciation At l April 2022 Charge for the year 32,690 657 32,690 657 At 31 March 2023 33,347 33,347 Net book values At 31 March 2023 890 890 At 31 March 2022 1,547 1,547 Debtors 2023 2022 Other Debtors Grants Due 761 5,794 9,184 6,555 9,184 Creditors: amounts falling due within one year 2023 2022 Deferred Income Accruals 387 2,733 11,751 1,657 3,120 13,408 Page 14 The North West Community Nehvork Company limited by guarantee Notes to the financial statements for the year ended 31 Mareh 2023 continued At At l April Incoming Outgoing 31 March 2022 resources resources 2023 Movements in Funds Restricted funds: 7,524 71,707 (68,508) (68.508) 10,723 10,723 Total restricted funds 7,524 71.707 (23.106) (23,106) (91,614) 40,184 40,184 50,907 Unrestricted funds: 22.609 40,681 Total unrestricted funds 22,609 40,681 30,133 112.388 Purposes of Restricted Funds Restricted grants awarded to the charity is provided to Cover the core objects as explained in directors report. 10. Related party transactions There were no related party transactions in the year under review. 11. Controlling interest Controlling interest rests with the board of directors. 12. Company limited by guarantee The company is limited by gurantee and does not have a share capital.