Registration number N1039778 Charity number: NIC100015 The North Wost Community Network (Company Ilmlted by guarantee) Directors, report and flnanclal statements for the year onded 31 Marcli 2024
The North West Community Network Company limited by guarantee Contents Pago Infonnation Directors, Report Independent Examinerfs Report Stateinent of Financial Activities Balaiice sheet Notes to tlie financial stateinents 9.15
The North West Community Network Company limited by guarantee Company Informatlon Directors Donna McAnneny Patricia Rose Bray Liam Milligan Mary Scally Martin Mccartney Eliza Browiiing Nuala Crilly Secretary Roisin McLauglilin Cliarity nuinber XR21800 NIC100015 Company nLimb¢r N1039778 R¢gist¢r¢d office 8-14 Bishop Street D¢rry BT48 6PW Accountaiits McGroarty Mccafferty & Compaiiy Ltd Accountaiits & Tax Consultants 2 Carlisle Terrace Derry BT48 6JX Business address 8-14 Bishop Street Derry BT48 6PW Bankers AJB (NI) Meadowbank Strand Road Derry BT48 7TN Page I
The North West Community Nehvork Company limited by guarantee Directors, report for the year ended 31 March 2024 The directors present tlieir report and tlie financial statements for tlie year elided 31 March 2024. Dlrectors and thelr Interests Tlie directors oftlie charity for the purposes of ¢liarity law and throughout this report are collectively referred to as tlie directors. Tlie directors serving during tlie year and since the year end were as follows; Patricia Rose Bray Liaiii Milligan Donna McAnneny Mary Scally Martin Mccartney Eliza Browning Nuala Crilly Objectlves and actlvltles NWCN provides community development siipport and leadership to commuiiity organisations across tlie North-west areo. NWCN moves 011 a continuum stretcliing from operational and practical inputs to those more strategic in natiire. NWCN is active on many froiits ensuring tliat communities are supported in what tliey do, able to provide cominunity perspective and influence at decision-lnaking level, aiid competently represented by NWCN through tlie strategic linkages it lias built. Tlie Inost recognisable feature of NWCN is its range of information services functioning on the premise that infonnation supports engagetncnt which facilitate5 lobbying and influencing activity. These include.. A weekly ebulletin. Moiithly consultation e-bulletiiis, Website & social networking updates and notifications. Tliese communicatioiis rely heavily 011 a database amounting to over 300 regular recipients (and contributors), primarily from tli¢ community and voluntary se¢tor thougli with ali increasing proportion of statutory associates. This is recognised as the most comprehensive database for the community aiid volLintary sector in tlie area, constantly being refined and evolved. The otlier pillar tliat supports these services is solid and skilful research on sectoral issues. NWCN also supports the learniiig, Tn¢lusioii aiid activism of sectoral olleagiies tlirougli: Sub-regional and networking events on tliemes relevant to tli¢ sector. Customised training to develop lobbying & influencing skills. Workii)g witli seldom-lieard groups 011 ¢oiiimuiiity developiiient practice. Engaging ivith cross-sectoral fora to improve rommunicatiorts & relationships. Participating iii stakeholder groups to deliver more co-ordinated activity on matters of engagement and influence. Supporting all netsvorkiIig activity in tlie 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 Community Network Company limited by guarantee Directors, report for the year endcd 31 March 2024 contiiiued Publi¢ Benefit The rnain beiiefit IS to proinote citizenship and coinmunity development within the coinmunity and voluiitary sector, meaniiig charities and voluiitary organisations, for tlie benefit of tlie public througli providing advice and information, training9 coiiferences and seminars on subjects relevant to the efficiency of the voluntary sector, and representation on matters relating to government policy and legislation, leading to a more active, eiigaged aiid participative society. Health liaising witli statLltory agencies to infllience tliose witli decision making powers in the sector so that Health & Social Care policy and provision is more directly influenced by public exp¢rienc¢, needs and creativity. Reaching out to ihe seldom heard groups in soBiety (e.g. carer5) thiis facilitating increased iiiclusioii aiid iiiflueiice for these sectioiis of tlie public. Educatioii tlirough deliveriiig community education and training, briiiging about an increase in public learning) kiiowledge aiid community activism. Relief of povety by attending relevant training workshops seminars meetings and sharing knoivledge with wider sector to create more inforined, connected aiid active communities and advocates within these. Governlng Document Tlie organisatioii is a compaiiy witli charitable status. The charity was incorporated on 4 December 2000. The company was establislied under Memorandum & Articles of Association whicli outliiied the area of beii¢fit and tlie objects of the charitq< ble organisatioii. Rlsk Mgnagemcnt Tlie directors have a risk management strategy wliicli consists of establisliing a system of identifying risks and mitigatiiig such risks. Rcsults & Performance Tlie result5 and performance for tlie year of Tlie North West Cominuiiity Network are summarised in tlie Aniiual Report, this is available on request. Directors Responslbllltles In Relatlon To Tho Financial Statements Coinpany law requires tlie directors to prepare financial statements for each financial year tliat give a true and fair view of tlie state of tl)e affairs of tli¢ cliarity at the end of the financial year and of its surplus or deficit for the financial year. In doing so tlie directors are required to: select siiitable accounting policies and apply tliem consistently. obs¢rv¢ methods and principles in tlie charitie5 SORP. make judgements and estiinates that are reasonable and prudent. prepare tlie financial statements on th¢ going concem basis unless it is inappmpriate to presum¢ tliat the charity will continue in business. The directors are responsible for maiiitaining proper accounting records which disclose with reasonable accuracy at any time tlie fInancial position of tlie cliarity and enables tl)em to ensure that the financial stateinents comply with the Companies Act 2006. Tlie directors are also responsible for safeguarding the asscts of the charity and Iience for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 3
The North West Community Network Company limited by guarantee Directors, report for the yeAr ended 31 March 2024 continued 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 McGroaty, Mccafferty & Company Ltd as iiidepeiident examiners will be proposed at tlie annual general meeting. This report was approved and autliorised for issue by tlie Board on 26 Noveinber 2024 and sigiied on its belialf by Dlrector Dfirector Page 4
The North West Community Network Company limited by guarantee Independent examiner's report on the unaudited finaneÉal statcments to the directors of The North West Community Nehvork We report on tlie accounts of the company for the year ended 31 March 2024, which are set out on pages 6 to 15. Respectlve responslbllltles of cliarlty directors and examlnor. As tlie charity directors you are respoiisible for the preparation of the accounts in accordaiice with the requirements of the Companies Act 2006. Having satisfied ourselves tliat the cliarity 15 Ilot subject to audit under company law, and is eligible for independent examination, it is our responsibility to; examiiie the accounts uiider section 65 of tlie Cliarities Act 2008. follow tlie procedures laid down iii tlie geiieral directions given by tlie Charity Cominission for Nortliern Ireland uiider section 65(9)(b) of tlie Cliarities Act 2008. state whether particular matters have come to our attention. Basis of independent examlner's report We liave examined your cliarity accounts as required under section 65 of tlie Cliarities Act aiid our examination was carried out in accordance with tlie geiieral directions given by tlie Charity Commission for Northem Ircland under Section 65(9)(b) of the Charities Act. The examination included a revieiv of the accounting records kept by tlie cliarity and a comparisoii of tlie accounts presented with tliose records. It also included a consideration of any unusual items or disclosures in the accounts, and seeking cxplanations from you as cliarity directors concerniiig any sucli matters. Our role is to state wlietlier any material matters have come to our attention giving us cause to believe: tliat accounting records were not kept in accordance witli section 386 of tlie Coinpanies Act 2006; tliat tlie accounts do not accord with thos¢ accouiiting records; that tlie accounts do not comply with tlie accountiiig requirements of tlie Section 396 of tlie Companies Act 2006 and the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with tlie Financial Reporting Standard applicable in the UK and R¢publi¢ of Ireland. that there is further infonnation needed for proper understanding. Independent cxaminor s statement We liave completed our examination and have no Concerns iii respect of the matters listed above and, in connection with following the directions of the Charity Commission for Northem Ireland, we have found no matters tliat require drawing to your attentioii. McGroa Cafferty Accountants Tax Consultants 2 Carlislc Terrace Derry BT48 6JX Date: 26 November 2024 Page 5
The North West Community Nehvork Company limited by guarantee Statement of Financial Activities for the year onded 31 March 2024 Total Funds 2024 Total Funds 2023 Unrcstrlcted Funds Rcstrletcd Funds Income and Expenditure Incoming Resources Voluntary Income Tncoming resources from charitable activities 42,312 42,312 40,681 99,755 71,707 99,755 Total Incoming Resources 42,312 99,755 142,067 112,388 Resources Expended Managemeiit & Administration 16,052 99,402 115,454 91,614 Total Resources Expended 16,052 99,402 115,454 91,614 Net Incomlng l (Outgolng) Resources 26,260 353 26,613 20,774 Balaiices brouglit forward l April 2023 40,184 10,723 50,907 30,133 Balaiices carried forward 31 Marcli 2024 66,444 11,076 77,520 50,907 The above amounts relate to contiiiuing operatioiis of the cliarity. The charity lias no recognised gains and losses other than tliose included in the results above aiid tlierefore no separate statement of total recognised gains and losses h&s been presented. Tllere is no differ¢nc¢ between the net incoming resources for tlie year stated above alld their historical cost equivalents. Page 6
The North West Community Nettvork Company limited by guarantee Balance sheet as at 31 March 2024 2024 2023 Notes Fixod assets Tangible assets Current assets Debtors Casli at bank and in liand 987 890 6,012 105,506 6,555 46,582 111,518 53,137 Credltors: amounts fAlllng due witliin one year (34,985) (3,120) Net current assets 76,533 50,017 TotAI Assets less current liAbilities 77,520 50,907 Net assets 77,520 50,907 Funds Unrestrtcted Restrict¢d 66,444 11,076 40,184 10,723 77,520 50,907 The notes on pages 9 to 15 form an integral part of these financial statements. Page 7
The North West Community Network Company limited by guarantee Balance sheet (continucd) Dlrectors, statements r¢quired by Sections 475(2) and (3) for the year ended 31 March 2024 In approving these finaiicial statements as directors of the company we hereby confirm: The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small coinpanies. Tlie Ineinbers have not required tlie ¢oinpany to obtain an audit in accordance witli section 476 of the Companies Act 2006. The directors acknowledge tlieir responsibilities for complyiiig witli tlie requirements of the Companies Act 2006 witli respect to accounting records and preparation of accounts. Tliese accouiits liave been prepared in accordance witli the provisioiis applicable to small coimpanies subject to tlie small companies regime and iii accordance with SORP FRS 102. Director Director Dato: 26 November 2024 Date: 26 November 2024 Reglstratlon No: N1039778 Page 8
The North West Community Network Company limited by guarantee Notes to the financial statements for the year ended 31 March 2024 Gcnenil Information Tlie coiiipany is a private company limited by guarnatee, registered in Nortliern Treland. The address of the registered otyice is 8-14 Bishop Street, Derry, BT48 6PW. 1.1. Statement of compliance Tlie significant accounting policies applied in the preparation of tliese fiiiancial statements are set out below. These policies Iiave been consistently applied to all years presented unless otherwise stated. Tlie Cliarity COllStitutes a public benefit entity as defined by FRSI 02. The fiiiancial statements liave been prepared iii accordaiice with tlie accountiiig policies set out in notes to tlie accounts and comply witli the cliarity's goveming documeiit, the Charities Act (Northern Ireland) 2008 aiid Accountiiig and Reporting by Cliarities: Statement of Recommended Practice applicable to cliarities preparing their accounts in accordance witli tlie Financial Reportiiig Standard applicable iii tlie UK aiid Republic of Ireland publislied in October 2019 (SORP 2019) and the Compaiiies Act 2006. Tlie financial statements are prepared on a going concern basis under the historical cost convention, Inodified to incliided certain items at fair value. The financial statements are preseiited iii sterling wliich is the functioiial ciirrency of tlie charity. 1.2 Income (i) Graiits Grants represents all ainounts received ai)d receivable duriiig tlie year. Capital grants are released to tl)e profit and loss account in tlle year in which tliey are received iii line witli tlie SORP Accounting & Reportiiig by Cliarties 2019. Revenue graiits are credited to the Statement of Financial Activities in the year they are received. (li) Doiiation5 & admii)istration income. This comprises amounts received during tlie year. 1.3 Expendlture (i) Direct Charitable Expenditure This represents all expenditure directly attribiitable to charitable causes. (li) mlageMent & Administration This includes all otlier expenditure not directly allocated above and a portion of tlie overliead costs attributable to management and administration. Page 9
The North West Community Network Company limited by guarantee Notes to the financial statements for the year ended 31 March 2024 continued 1.4 Tanglble fixed assets and depreeiation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off tlie cost less residual value of eacli asset over its expected usefLII life, as follows: Fixtures, fittings and eqLiipireiit 1 50/0 Straight line Page 10
The North West Community Network Company Rimlted by guarantee Notes to the financial statements for the year ended 31 March 2024 coiitinued Unrestri¢ted Restrlcted Total Income Income Funds 2024 2024 2024 Total Funds 2023 Incomlng Resources Incomln resources from ¢haritable activities Department for Communities Derry City & Strabaiie District Couiicil Awards for All Halifax British Science Association-Infrastructure Project John Moores Fouiidation 52,631 52,631 4,000 4,000 1,385 1,385 126 126 41,469 41,469 144 144 60,394 3,677 7,107 529 99,755 99,755 71,707 Volunta Income British Science Association Pacific Lutlieran University Gasyard Wall Feile M¢mb¢rship Fees Other income and manag¢m¢iit fees 22,627 22,627 26,613 7,100 760 675 18,250 760 675 18,250 96 6,872 42,312 42,312 40,681 Totol 42,312 99,755 142,067 112,388 (i) Restricted Funds Funds received which are eamarked by tlie Funder for specific pLirpose$. Sucli pUoseS are within the overall aims of the orgaiiisation. Unrostricted Funds Funds which are expendable at tlie discretion of the company in furtherallce of tlie aims of tlie charity. In addition funds tnay be held in order to fiiian¢e Capital investment aiid working capital. Page 11
The North West Community Network Company limited by guarantee Notes to the financial statements for the yeAr ended 31 March 2024 coiitinued Resources Expcnded Unrestrlctod Funds Restrlcted Funds Total 2024 Total 2023 Managemont & Admlnlstratlon Wages & salaries Pension costs Rent & Utilities Insurance Printing, postage & stationery Coinputer Costs Prograiiimes, meetings & seminars Programme costs - John Moore Programme costs - Awards for all Programme costs - PLU Programme costs - liifrastructure Fund Programine costs - Halifax Accountancy Bank charges Subscriptions Sundry Depreciation 57,652 3,068 5,520 1,104 57,652 3,068 5,520 1,104 49,626 3,068 5,520 1,018 211 324 1,815 529 7,107 7,100 13,037 738 14,964 232 328 144 1,350 970 15,292 144 1,350 28,366 126 960 28,366 126 960 275 60 960 395 60 187 657 27S 60 552 552 Total 16,052 99,402 115,454 91,614 Operatlng proflt 2024 2023 Operating profit is stated after charging: Depreciation aiid other amounts writteii off tangible assets 552 657 Page 12
The North West Community Network Company limited by guarantee Notes to the financial statements for the year ended 31 March 2024 coiitinued I mployccs Employment costs Year ended 2024 Year ended 2023 Wages and salaries Pensioii Costs 57,652 3,068 48,626 3,068 60,720 51,694 Number of employees The average monthly iiumbers of einployees during tlie year were was as follows: 2024 Number 2023 Number Taxation There is 110 cliarge to t&xation as the compaiiy has cliaritable status. Page 13
The North West Community Network Company limited by guarAntee Notes to the financial statements ror the year ended 31 March 2024 contiiiued FRxtur¢s, rittings and equlpmcnt Tangiblo fixed assets Total Cost At l April 2023 Additions 34,237 649 34,237 649 At 31 Marcli 2024 34,886 34,886 Dcpreeiation At l April 2023 Cliarge for tlie year At 31 March 2024 33,347 552 33,347 552 33,899 33,899 Net book vAluts At 31 March 2024 987 987 At 31 March 2023 890 890 Debtors 2024 2023 Oilier Debtors Grants Due 761 5,794 6,012 6,012 6,555 Creditors: amounts falllng due witliin one year 2024 2023 Deferred Income Accruals 30,570 4,415 387 2,733 34,985 3,120 Page 14
The North West Community Network Company limited by guarantee Notes to the financial statements for the year ended 31 March 2024 continued Movements In Funds At At l April Incoming Outgoing 31 March 2023 resources resources 2024 Restricted funds.. 10,723 99,755 (99,402) 11,076 Total restrioted funds 10,723 99,755 (99,402) 11,076 Unrestricted fiinds: 40,184 42,312 (16,052) 66,444 Total unrestricted funds 40,184 42,312 (16,052) 66,444 50,907 142,067 (115,454) 77,520 Purposes of Restricted Funds Restricted graiits awarded to the cliarity is provided to cover the core objects as explained in directors report. 10. Related party transRctlons There were 110 related paty transactions in tlie year under review. 11. Controlllng Interest Coiitrolling interest rests witli tlie board of directors. 12. Company limited by guarantec The company is limited by gurantee and does not have a share capital. Page 15