REGISTLRED COMPANY NUMBER: NIU47757 (Northern Ireland) RLGlS'fERLD CHAiU'fY NUlllBLR: 100092 Re rt of the Tr an Financial Statements for the Year Ended 31 March 2025 for Colin Nei hbourhood Partnershi A C0mpanxLimited b Guarantee Lynn Drakc & Co Ltd Statutory Auditors 1st Floor 34 B-D Main Str¢¢t Moira Co. Aiinagh BT67 OLE
Colin Nei hbourhood Partnershi Contents of the Financial Statements for the Year Ended 31 March 2025 Page Reference and Administrydtive Details Report of the Trustees 3 to 13 Report of the Independeiit Auditors 14 to 17 Statement of Financial Activities 18 Statement of Financial Position 19 StateDJent of Cash Floivs 20 otes to the Statement of Cash Floivs 21 Notes to the Financial Statements 22 to 34 Detailed Statement of Financial Activities 35 to 36
Colin Nei hbourhood Partnershi eference and AdnJinRstrative Details for the Year Ended 31 March 2025 TRUSTEES T Brady B J Moane ' J Biadley Fr C J Crossey (resigned 111912024) J Duffy S J Magennis M Scott (resigned L51712024) Ms P A Siiiart (iesigned 111912024) Ms M T Sinith L A L Vladcanu M J Cooper Lstitt Councillor M Gett M J Co112ns C FallnIn (appoinled 1151?024) L S Macl¢an K Muryhy (appointed 915/2024) (resigned 21512025) J P Pollock (appointed 91512024) (resigned 291512025) Cowicillor S Walsh (appoiiitcd 91512024) C Coniior (appointed 161512025) J Young (appointed 161512025) B Mcateei- (appointed 161512025) COLVJPANY SECRETARY L A L Vladeanu REGISTERED OFFICE Cloona House 30-31 Colin Road Belfast Co. Antrim B'I'17 OLG REGISTERED COMPAIYY NUMBER N1047757 (Northem Ireland) REGISTERED CHARJTY NUMBER 100092 AUDITORS Lynn Drak¢ & Co Ltd Statutory Auditors I st Fl(M)r 34 B-D Main Street Moira Co. Arniagh BT67 OLE
Colin Nei hbourhood Partnershi Reference and Administrative Details for the Year Ended 31 March 2025 CHIEF EXEcirrIvE OFFICER A Arn]strong
Coh'n Nei hbourhood Partnershi ort of the Trustees for the Year Ended 31 March 2025 The tNstees who arc also directors of the charity fur (he pUoseS of the Companies Act 2006y present their report with the financial statements of the chlty foi" the year ended 31 March 2025. Tlie trustees have adopted thc provisions of Accoiinting and Rcporting by Charities: Statemeiit of Recommended Practice applicable to charities prepaiing tlieir accounts in accordance witb the Financial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effcclive l JanLWy 2019). OBJECTIVES AND ACTIVtTIFS Qbjectives and aim5 The CNP acts as the catalyst for palership working across the Colin area, coi]necting witki and bringiiig together all th¢ key stakeholders from the commwiity, public, political, and private sectors to achieve its alms and iniprove tlic lives of pcople in Colin. The area covered by the CNP includes the neighbourhoods of Twinbrook, Pol¢glass, Lagmore and Kilwee, repirsenting a population of over 30,000 people. The partnership structure is desiglicd to ensure that it repr¢s¢nts th¢ n¢¢ds of resideiits in eacli of th¢se iieighbourhoods as well as tlie range of organisation and groups operating aci.oss the whole area. The board consists of the private scctor, local representatives from each neighbourliood, statutory Iepresentatives from i"elevant agencies, representatives fi.om speciflc sectors, i.e., womai, environrnent, culture. education. youth. local diocese alld political represeiilatlVCS, L,¢., W¢st B¢lf'dsl M.P. and local councillors. Co]in NeighbOhOod Partnership strxves to siipport people to develop their abilities, build rcsilicnce to addre$8 their needb to help llnprove their strengths ]d capacity. This is achieved by offeiing piogrmes, activities, and training for parents of young children, parents of adolescents, children, young people, men, womeii, aiid Old rcsidLnts to help improv¢ the quality of lAfe foi" all our residents. By doing this we are confident we al'e establishing a strong con]munity aiid gives a voicc lo ihe popul<iiion to decide tlie best use of assets, it strengthens the capacity of people to become active citizens and pi"ovides opportunities for conllnunity, statutory and other sectors to work in collaboration to develop social, economic, environmental, and other themes to ensure better positive outcomes. ulld r¢vi¢w of the Colin Neighbourhood Action Plans priorities were identified and agreed. they 'e: l-Iealth Early IntLventIOn Education Physical DevelopmentslIinprovementslMajor Capital Projects Community DevLlupinLnt: Arts/CulturL' Community Safety nvironment Youth (Inclusion) Mcn Older i'esidenls Children & Families Public benefIt In line witli its stated aims and objectives, as noted abov¢, the trust¢es are confid¢nt that the charAty is undertaking activities which provide public benefit to those who avakl of its services.
Colin Nei hbourhood Partnershi ort of the Trustees for the Year Ended 31 March 2025 ACHIEVFMFNTS AIYD PERFORMANCE This is maF)aged via a sopliisticated strncttwe of thnatiC subgroups. There are currendy six such suWgroups focusing on: Health. Early Interv¢ntion' Conmiunity Saf¢ty' Environment; Youth Strategy. and Town Centre development. Some of the 0upS are cbaired by a statutory agency with responsibility for the area of work. Each sub-d(y oup ii'crnits members from a wide spL'ctLilln of agencies and local oi'ganisations Thiho ihL oversee the development of projects and services thal are delivered or supported by CNP. Through thcir wthk a generational cyclc of dcpriv<ttion and depcndenLy is bcing LhdllLngycd. The cost-of-living crisis continiies to impact on many more people in this aro we provided support to vulnerable individuals as wLll as nwiy households cxpcriencing finanLial l]ardship. Sadly, it is still the case that many workino families are still having to choose between work and staying at home because of the liigh rates of Child Care seryices. We provided vouchers to enable them to purcliase food, gas and electric so tliey had the inoney to pay for their childcare expenses enabling them to work. We were eiiabled to provide this support beCale of tlie donations we received from BCC, SEHSCT as well as inany local bniall busincsses (Ind vY gena.ous residents. There is also a concern in relation to older people who are now having to contribute to their family's needs froin their pensions to support tlieiT grandchildren in ternis of food, clothing. and odier necessities. Again, this year we supported close to 500 families with vouchers to purchase, food, gas, electric, clothing, Id other essentials. This support is also offa'ed to the PUL community 111 tlie Dunii)uny area fflisuring tliat all strugglillg families withlll our remit are not left behind alld supported through tliis crisis. Town Centre Development CNP'S woi-k over tweiity years with a lange of goveiniiient bodies has re8Lilted iii the Town Park, the Civic Square, Leisure Centre, the Glider and wider Transpoit Infraslruclurc. This has bL'gun d pliysical irtfrastructure for Colin that delivers a sense of plac¢ and belongillg. Th¢ ll¢xt phas¢ will involve the construction of tlie new Colin Town Hub. CNP will continue to campaign for the piDvision of additional infi2structure facilities iEquired to meet the needs of tlie area, including a new Health Centre witb Multi-Disciplin¢lry Team and a new Secondary school. We will facilitate ongoing discussions between con]munity, stattitory and buslliess interests to identify futhre opportunities for infrastLUCtur¢ devclopment that fit sts?tcgic goals foi" Colin i.e. education, healdi ecojiomy and the ¢nvii'omnenL The next phase will involve the consttuLtioll of the new Colin Town Hub. Construction of the new Fliib will commence in 2026, compleling in 2027. This will be a landmark project, providing a new HQ for CNP. This will also include a 150-seat contaence facility, Learning and Disdbility Rcsc)urce Centre, NIHE District Office. as well as spacL f()r statutory <a community orLyanisations. Events, Arts and Culture Central to this is tbe organisation of regul. community social events, attL?Cting thousands of residents and visitors to community YlueS across Colin. There is the suminer Fan]ily Fun Day held in the new Colin Park or the Civic Square, the Halloween event at the Cloona House and 'Sallta Comes to Colin, at the Transport Hub. Thei'e are many other events and activities that occur tliroughout tbe year such as Ea8ter, Motherfs Day, World Suicide Prevention Day and much mol'e. The aim of all cvtnts and activities are lo stsEngLhell cotnmunity bonds. inaease engagement between local 0upS and promote incliisivity and communily pride.
Colin Nei hbourhood Partnershl ort of the Trustees for the Year Ended 31 March 2025 Volunteeiing and Capacity Building Ciitical to the success of th¢ CNP ¢venL8 is the role of volunteers. Att¢nding and volunteering at coinmiinity events provides iesidents with an oppoitunity to participate and contribut¢ to theii community An a saf¢ and interactive way. Volunteing is about people choosing to work together to achieve outcomes for themselves as individuals well d% foi. thc ncighbourhood. The diverse I.ge of w"k CTicd oiit by CNP would be impossible without local people clioosing to work togethei. in tl)is way. The Collll Men's Shed project, for instance, provide a key source of volunteers lielping at CNP events as well as hosting their own Ukulele band entertaining residents In local old people's homes. 180 volunteers completed 361 volunteering hoiws on environtnental projects, in particular the restoration of Belle Steele Gdell and Old Colin Wood. 85 volunteeLE SUPPOrted 3 large comiiiuiiily evellts, contiibuting 460 volunteering hours. To support comniunity involvement and volunteerllig the CNP runs the Colin Commullity-Capacity-Building Project. This provides iesidents with infonnation and advice on local opportunities on how lo get involved and P<iilicipate in cominLlliity aLlivitics. 11 also provides tr<iining and dcvelopmait opportunities oil a rangc of issues, supporting initiatives sucli as Good Morning Colin, the Autism Support Group, a Youth Inclusion "ojecl, the Men's Shed. and the Green Spaces Project. These help to Kinprove h¢altli and wellbeiiig, to reduce isolatioii, enhance employability, to work for suicide pV¢ll[lOll alld suppoit building stionger family relationships and involvement in work to improve the pliysical envii'onment of Cokn. JJ]deed, there are several i'ecil examples of iiidividualq PUJSUillg a 'patbway fi"on] paiticipation to volunteering and wilh soine even sccuring lp10ymcnt. By gettin(y people involved in this way CNP, together wiLh its partners, can make Colin an enjoyable plac¢ to live and the vibrant neiglibourhood tliat it has become. 308 people took part in worksliops and training through CNP community capacity-building proaMme. This figure is based on actual attendees. Education - Early Interventiion . Tbere has been an historic under provision of services to deal with needs of vulnerable cliildren and families lli the Colin area. Young pcople's academic performance was of particular conccrn. The pIllerSbIp works with schools With the objtiv¢ of Iiclping parents to support their infants and childjrn to ensure that everyone can access approlate and relevant education and skills training pi'ograinmes. The Early Intervention Pi"ogrammc i.s based on creating th¢ Colin Early Intervention Community which developed a sopbisticated model for tlie llivolv¢meiit of specialists in Rocal scliools. This modeE includes several agcncies wktl]in Colin to develop strategAc aigagetnent and provide a iwige of high-quality services to children in tlie schools. This includes a unique Primary Schoals counsellii)g service as well as Speech & Language therapy sessions (No other &'ea has access to such dedicated school-based speech ld language therapists). The Changllig Lives Initiative (?017-2021) was focused on families with children aged 3-7 years presenting with ADHD-consistent behairiours, but who had not (yct) rcccived an assessmenl oi" diagnosis. There was a massive waiting list fth assessments, with fan]ilies waiting for years on a diagnosis and support for their children.
Colin INei bourhood Partnershi ort of the Trustees for the Year Ended 31 March 2025 The pn)j¢ct offered parents early intervention support, via the Incredible Years parent PTogramine. Thiq approach prevented the syslem bcing 'cloggcd' with assesstncnt qlletS, even more importantly it helped cliildren from becoming labelled as 'problematic' and so enhanced their educationaI development prospects. Bettveai 2017 ]d 2021, the Cbanwg Lives Iilltiative (CLI), de]ivered to 1,200 parents across Be]fast and Lisburii as well as 607 hcalth and eduLation piDfessionals, CLI was the first sustained eXpIc of a CNP programmc being widely dcliv¢i"cd outside Colin. More recently, CNP has secured significant EU funding to deliver an expanded and broader-ranging Changing Lives Initialive: Flourish & Thi"ive (2025-28). which is addressing a wider range of queried n¢urodevelopniental bellavi0"S includillg aulism and ADHD, and will be delivered by a CNP teatn across the Belfas¢ South Eastern and Northern health tLUSts. All these initiatives have contributed to a marked improvement in the educationaE perfomwice of our young people. Since 2007 there has been a 65 % incicasc in attainmcnt of 5 GCSES ai grades A to C. 2 42 % inciease where those 5 passes include Maths and English" and an 81 /0 reduction in those achieviiig no GCSE'S. In further and higher education Colin now perfornis better than niost disadvantaged nelbourhOOdS and on a par with the oenei71 population with a 53 % increas¢ in young people going into higher education. Crescendo The innovative Crescendo music tuition plgl]me is rnn in partnership with tl)e Ulster Oi'chestra, Colin Neighbourhood Partnership, thc Grctiier Shankill Partnership and QUB. Schools provide each child with an instrument and tuition culminating in an end of tenn perfonnance at tEie Ulster Hall. Crescendo is a tnusic programme aimed at transfoiining childrcn's lives through and beyond music, with impacts on families and coinmunities. The programme is currently root¢d in foiw Triinary schools in some of Belfast's most disadvantaged communities in th¢ Colin and Shankill arcas, culininating ID an end of year p¢rfomiance at the Ulster Hall. The partners have developed the Vision and Mission for the Programme, it is our belief, siipported by tlie etnerging evidence that it can improve the lives of children: their families und contribute to better commw]ities. With music at its core, the Crescendo programine ensures that each child from Pl- P3 in th¢ four schools are introduced to the fimdamental building bloLks of musical Lmderstanding on a weekly basis by UO Associdtes & playa's. From P4 - P7 children begin in%b'umental lessons, including flute, clarineL trumpe¢ trombone, violin, vlola, cello and double bass. We bope to seLure sustalliable fidIllg for thL current service as well as scale the current delivery to a greatej. number of schools in Sliankill, Colin and b¢yond llb well as ¢XPiind the ciittent Crescendo model wxth the developmenl of a Post P7 model to support children currently involved in the post transition from pritnw to sL'CondY L'duL<ition. Health Historicdlly Colin has suffered from SOTne of the highest Eevels of health inequalities in Belfast. CNP has sought to address health incqil1t1e$ through developing a range of pi'eventative programm¢% focu.qsed on physical ]d mental ill health issues and promoting peoples pliysical and emotional health and well-being.
Colin Nei hbourhood Partnership_ rt of the Trustees for the Year Ended 31 March 2025 Good Moming Colin - A team of 34 volunteers provides a morning telephi)ne support service to over 400 older/ vulnerable residents of the Colin, Dllnmurry and Lisburn areas 365 days pei" year. This service coiitinues to deliver their &nnual calendar of events, Inai'kiiig and celebi'ating various dates throubh Éhe year, Valentines Ball, Sl. PatriLks, May Bdll. Sunllner fes(iVdl, Chrislmas cic. Tlie Wn Space initialive Irom September - April each year otfers a hot meal and film shoThT eaLh week at Cloona House, this is to address social isolation amoiig older iEsidents who iiiay iiot have an oppoitunity to connect witli others during tlie wintei" moiiths. Colin Carers Group provides an opportlty for those with carin(F responsibilities to come together in a relaxcd and suppoitive envil0llent on a weL.kly basis providing peer support & well as health alld w¢llb¢ing programines <md offei. sevei?l tiips tlll"oughout the year. Youth Inclusion Project - This project provides both young people and families with children with ASD a space where tliey can be more active in their community. As lots of young people and families with ASD fccl thdl thcrc is not much for thciT familics to ptIcIpat with, thcsc projccts arc hclping changc thcll lifestyles by giving thc mcmboE die chance to become more active w)d a place wliere they feel tlicy belong without fear of judbiement. CoKin Autism Advice and Support Group - was set up by a groitp of local mothers to support their children and young people with ASD. Suppoited by the Youth Inclusion offFcer the group lias ovcT 600 mcmbers. The Men's Shed project (Est. 2015) offer.s men a safe space where they can come togetber and siipport one another, tackling isolation, loneliness and well-being issues. Thesr also actively contribiite to tlie community, volunteering at maiiy Colin community events. Most of the inen involiied in the Colin Men's Shed wouEd have lived in isolation and loneliiiess. The activities of thc slied bring men together to get involvcd in a range ot" different activities to combat isolation and lonclilless. These activities give them a feelitig of belonging to something and a reason to get up and out of tlie house cach moining. Changes in attitudes to personal and fainily health. - Because of the Eiealth prowme the men have been involved in they 'C Jnore upen to talk about mental dnd physical issues they may have suffu'ed oi. suffeiing, because of their volullteeiing in the community, they feel pait of a thriving community and pait of the CNP cvents t¢am. Changes in lifestyle. A few of the mcn involv¢d in the shed wci"c rcferr¢d by th¢ local social workcr cause of low self-cstecm and never lcft their homes. Becaus¢ of their I101veMent with tlie shed they have made iiew friends attending various events and activities. They just love perfonning as part of the UkLilele bEa bringing joy to otliers. They support maiiy comlnunity 0upS iii the ared by pi"oviding support for events, i.e., Sure Start, Colill Colour Run, Family Camp and many local primary scliools. The Coltn Early Parenting Progran]me (CEPP). A health visitor-led initiative supporLs a core group of 20 VLilnerdble mothers with their baby's development, from 20 weeks pre-natal until they are two years of age to maximise bonding and cliild development. There has also been a 570/D decrease in teenage preg]ancies since 2005. A key strength has been the capacity of CNP to respond rapidly to emergiiig demands that have a serious impact on the neighbourhood.
Colin Nei hbourhood Partnershi ]* of the Trustees for the Year Ended 31 March 2025 The Suicide Task Group. A sulTrgroup iiivolving all the key agencies to devclop the Colin Community Response Plan, offering a framework of support for potentially vUln?bIe people. Subsequently there has been a rapid fall off in tlie level of suicides. Environment The Colin area has one of ihe highest densities of green spaces in any part of Belfast, so inaintaining and maximising the utilkty of this resourc¢ is a key objective. Via the Environmental sub-group, the PtrIerSip has developed relationshÈps with lange of agencies and initiated projects lo support environmental improvemenL from housino to iY)ads, to tackling littoinglfly tipping and n]aintenance of green spaces. Environmental projects liave helped to boost meiital and physical wellbeing as well as promoting community pride, ownersliip &Dd coliesi Colin Allotments: a large site wa8 leased to the Parttiership by Invest Nl in 2009. The site has flouri,ghe now hosting 160 allotments. A hcallliy liviiig cenlre was opcncd on Ihe site in 2015, an extremely popular resource iL8ed by schools, th¢ Victims and Survivors TrusL adults with learning disabilities, adults with emotional well-being issues and many mole. The montldy gardening Classes in Parln¢rship witli Natlwal World Prodiicts, allows participants from all over Belfast lo meet once a rnonth and engage in group gardellill¥ 4tctivities, allowing i"cl<itionships lu develop, Id sh'illg of kniowledge. the classes have grown froiii streiigth ]d help to deal with social i8olatioii. Coiiuiiunity Safety, Aiiti-social Behaviour and CrAme Prevention This woik continues via our Community Safety Subgroup which includes PSNI, BCC, NIFIE. PCSP. Conservation Volunteers. Colin Safer Neighbourhoods Projecl. all 14ousing Providers. youth seLvices and many local community organisations. CNP has played a ciitical role in maintaining sthbility and security within the community by fostering good relationsliips and coinmunicatioii with state autliorities, including the PSNI, liousing bodies, social services, schools, and youth seices. CNP believes that its compi"ehensive approach, has reduced the incidence of crime and anti-social behaviow. BdwEen 2011 2024 thcrL was a rLLordLd.. 42Q/o d¢crcas¢ in lI1-s0¢1al b¢'h¢ivioiir; a significant dL"crease in the reported levels of vehicle ¢rim¢ (45/0)" burglaiy {72°/,) and Crimlnal damage {30/0). How¢ver, violence a(Faiust the person and sexual offences Saw an increase of 45 /0. More receiitly local Neiglibourbood Policing Teams figures show a substa13tial decline overall in anti-social behaviour. In relation to Clime Preveiitioii projects, we estimate that appiox. 1500 individuals supported tln-ough lmC prevention projects just in this pei.iod ag there was major concerns in relation to burglai'ies, we secwEd sou]e home safety eqiiipment: which was provided to older regidents. The Colin Community Satety Forum (CCSF) w&8 developed to sw)port communlty group8 in tsckling anti-social behaviour, encoiwaging groups to engage to address issues diat are impacting negatively on the lives of rLsidcnls. Examples includL Attti- FirLThiork visits lo local sLhools and youtli centres, allti-scranibler messages to pntS and children and th¢ Colin Unwanted Bonfire Group, whose approach is now being practiced throughout West Belfast. CNP has perfornied a crucial role in cross community networking, facilitating meetings with local business community, bandsmen, orange orders and PSNI to mitigate the risk of incidents at times of heightened tensioiis.
Colin Nei hbourhood Partnershi ort of the Trust for the Year Ended 31 March 2025 Tlie need4 on the nd are constantly changing, 80 the partnership rn$t regpond accordtntrly to new threats as they eTnergc. Ferni0[¢, the CNP is continually having lo fill in for and bridge the gaps l¢ft by underfunding of other services. thug misuse, for instance, is an increasiiig pioblem exacerbated by the fact that there is no specialist support seICe avaiEablc within tbe Colin Area. AJ]ti-social b¢haviour is also a constant issue with attacks on the Glider and trouble ill the new Colin P. We colltinue to work in partnersl]ip with tlie PUL cortllnunity via Durnnury Positive Relations PartneTsbip to ensw'e positive outcomes lll Itlation to contentious parades etc. around the marching season of July ]d August each year. Colin Heritage Project Colin is a community where people are proud to live. part of iliat pride is based upon an undeiEtanding of the n¢ighbow'hood's heritage and history. While in the PTevious year we pi"ovided several events, incliiding various tours and discussions as well as ci"cating the Colin heiitage websilc, sadly during this ye¢ll" we werc unablc to piovidc thc lours due to the lack of filnding for thes¢ events. We will re-establisli a hfflitage SLibgriTrup of the CNP Board and develop a five-year plall lo considei" uptions d plans for making Cloona House a historical confcrence and visitors centre, allowing il to become a cultural and haitage hub for tlie a. We will investigate oppoitunities for the development of a Colin heritage tt?il site, which could be linked to Belfast and its environs. This would highlight Colin's i.icli history> attract international visitois, and provide a valu(Iblc source of income. Revlew of the work of the partnership 2004-2020 This review was c&ried out during the late stages of 2024. TheA"e was a stsDng tradition of pioneering coinmunity dcvelopmcnt in thc Colin area froni the beiyinnings of Twinbrook estate in the early to mid-1970s. The establishment of the Greater Twinbrook & PoleglÉlSS Comiunity Forwn in 1993, was tlie earliest inodel of collaboi"ative comniunity developinenl lll Colin. In 2003 local groups fonlled the Colin Neighbourhood Initiative, covering the estates of Twinbj'ook, Poleglass, Laginoie and Kilwee (Dunmuny Lane). This Initiative was supported throu1 the Neighbourhood Renewal Fund, and in 2004 foirnally becam¢ known as the Colin Neighbourhood Partneiship (CNP). Context Colin Neighbourhood Partnership has helped to transfom] the Colin iieighbourhood knto a place where people want to live, woi'k alld be togetber. Colin has succttded by etnbracing three core elements of con]munity development practice. l. empowaino individuals lo increase the choices available to them througli our ivork on education and skills development. creating awareness and building collective capacity to address disadvantage such as the Men's Shed project, suicide prevention task force and leading on the coordination of s¢rvices during the Covid pandemic. 3. developing stNctures of participatory govcmance to make decisions together about the future of our neighbourliood, such as ilie Town Cents"e Steering Groiip.
Colin Nei hbourhood Partnershi ort of the Trustees for the Year Ended 31 March 2025 I. The last twenty y¢ars Elas be7 about building a cohe8ive aiid 8ettled community, the next five years should be about strengthening the capacity of our cotnmunity to address together the changing nature of the challenges we face. II. Public investsncnt has improved tbe social and physical infrastsucturc of Colin. however, it is crucial that this is sustallied to tackle ongoing problems of disadvanlage and povety. III. Incrcased competition for diminishllig public resources, coilld potentially destabilise workuig and relationships within the ci)mmunity. partnership IV. The sporadic and short-frmi nature of public funding culture makes it increasingly difficult to r¢cruit a younger generntion into community development as a career. V. Community partnerships like the CNP need to demonstrate the value of their work and how outcoines align with ]d contribute to broader policy objectives iiicluding the Progtamme foi Govemm¢nt. Vl. Lomjnunity paitna5hip bodies create the conditions whereby Govcrnmcnt policy outcomes can be r¢alised. They do bo primaiily by cottiiecting ]d building relationships between dIv'se partners to focus on achieving a commoii strategic goal. VII. CNP could also examine how we link our priorities lo bix)ader sustaiiiable development goals linked to climate change alld the environment. Colin has access to green spaces and the potential to explor¢ sustainable development projects that involvc local p¢oplL. VIII. In addition to 5ceking public funding, CNP could engage with the '1vate sector to help diversify 0. Rncome g¢neTatioft and explore opportLmiti¢s for new or alteinative forn]s of investment. FINANCIAL REVIEW Financial position The company had net incoming resources for the year of £44,201 (2024: net incoming resources of £126,448), which r¢flected tlie increase in trading activities during the year. Unrestticted funds increased by £92,891, while restricted funds decre¢ised by £48,690. Principal funding sourceb Dq)artm¢nt for Communities Belfast City Council Public Health Agency SEHSLT Education Authority TEO - Urban Villages SEUPB Reserves pollcv Ill line witli similar organisatioiis, it would dppear pdent for Coliii NLryghbouithood Partnffl'ship to set asKde reserves up to a level of approximately six months of unrestricted expenditure on chaJ"itable activities. 10
Colin Ne hbourhood Partnershi ort of the Trustees for the Year Ended 31 March 2025 IWSSION STATEMF,NT FROM 2025-2030 Colin will thrive as a vilrant cominunity where residents are proud to live. WOTk, study. and play. Empowered and engaged, we will celebrate our achievements, embracc diversity, and warnily welwme visitors. fostering a shared sense of belonging and opportunity. Our Vision for Colin in the next twenty Years By 2045, Colin will be a vibrant, inclusive community wheK everyone has the opporLiinity to live well, supported by lliriving local enterprise, connected through accessible services. and united in sbapiniv a shared tLe. Here, divL'rsity is celebrated, disddvantage is addressed. and every voice is valued. To find out more in respect of our Strategic Objectives 2025-2030 please check out our website www.newcolin.coiii STRUCTURE. GOVERNANCE AND MANAGEMENr Guvcrnlng document The clwity is Conl1lled by its govcming docillncnt, a deed of tnt, and constitutes a limited company, limited by guarantec, as dcfined by thc Companies Act 2006. Recruitment and appointment of new trustees Appointnient of Trustees: The Trustees of the company are also charity trustees for the piityoses of charity law and widcr tlie company's Articles "C known as membels of the Management Committee. Undei" the ieqiiiiements of thc mcmoldum aiid Articles of Association th¢ m¢mbers of tlie Manag¢m¢nt Committee are elected to see foi" a period froEn one Annual General ineeting to the nexl. Trustee Knduction and Training: New trustees are invited to ali induction mecting lo familiarisc tliemsclvcs witli the charity and the context within wliich it opa?tes. These are facilitated by Development Staff dlld Managemeiit Conrnittee, they cover: The obligatkons of the Board of Trustees. The content of the Memorandum and Articles of Association. The Conimittee and decision making processes. CuiTent fLnancial position. FUte plans &nd objectives. Potential Trustses encow?ged to attend a series of business coinmittee meetings as a trail period to familiarise theinseRves witli the woi'k before committing themselves to the rolc, if this is agreed as approprÉate. Trustees aiE encouraged to allclld appropriate ttaining events in-house and exteinal, where these will facilitate the underL&ing ot-then. role.
Colin Nei -hboUrhood Pai*nershi ort of the Trustees for the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisation21 structure Colin Neighbourhood Partnorship has been retsistered with the Charities Commissioii sllicc March 2014. CNP board inembcis consist of i'cprLsentalives from DtE, SEHSCT, E.A., CCMS, NIHE, Political and Community rq)resenlativ¢s as w¢ll as represcnlatives from cach of our sub groups. CNP established an audit committee to suppoit die Board in its responsibilities f. issues of risk, control and governance by reviewing the compreliensivencss of assurances being providcd in meeting the Board's asSianCe needs &% a collective 'Accountitig Officer, and algo reviewiiig tlie reliability and integrity of these assurallces. The Cominittee is an advisory body ]d has no executive powers. Depl. for Communities and TEO, have allocated a "Robust" status in relation to the "Organisation's" Fiiiancial Systems and Controls Rating" STATEMENT OF TRUSTEESI RESPONSIBILITIES ThL tsusleLs (who are al.%0 the dii"Lc(ors uf Culin Neighboui"hood PdrtnLrship for the purposes of comp<iny law) Lir¢ rcsponsiblc for prcparillg th¢ Report of th¢ Trust¢¢s and dic financidl statements in accordanc¢ with applicable law and United Ktngdom Accounting Stand'ds (United Kingdom Generally Accepted Accounting 147ctice) incEuding Financial Reporting Standard 102 "The Financial Rcportill(T Standai"d applirablc in the UK RUbliC of land, Company Kaw requires the tLUStees to prepare fll]ancial statements for each fanCIaL year which give a true and fair view of thc state of affairs of thc charitablc colnplY a]Id of thc incoming rcsowrcs aiid application of resources, including thc incomc and expendilure, of the clwitable company for that period. In prcparing those fanciaL statements, the tNstees are iequired to select suitable accounting policies and then apply them consistently" observe the methods and principles in the Chaiity SORP. make judgements and estimates that are reasoJ]able ]d prudenL prepare the financial statements on the going concern basis unless it is inappi"opriate to presume that the charitable company will continue in business. 11]e trustees ar¢ responsiblc for keeping proper accounting records which disclose with reasonable accw7Cy at any time the financial position of the charitable company and to enablc tliem to enswe that the financial gtatementg comply with thc Companies Act 2006. They are dlso responsible foi safegUding the assets of the clwitsble conipany and lience for taking reasonable steps for the pi'evention and detection of fraud and otlicr irr¢gulariti¢s. In so far as the1nistees 'C aware: there is no relevant audit infoLination of which the charitable company's auditors are unaware; and thc t1StCes have laken all steps thal they ought to have tsken lo make themselves aware of any irlevant audit infoim4ition ld Io L'stdblish tbat thL' audilors girc aW.C of thal infoirnation. AUDITORS The auditors, Lynn Drake & Co Ltd, will be proposed for rc-appointtncllt ill the forthcoming Annual General Meeting. Approved by order ot'the board of trnstees on lo Septe¢nber 2025 and signed on its behalf by.. 12
Colin Nei bourhood Partneyshl oi"t of the Trustee for the Year Ended 31 March 2025 B J Moane - Tiustee 13
Re ort of the Inde endent Auditors to the Trnstees and Members of Colin Nei hbourhood Partnershi Opinion We have audited the financial statements of Colin Neighbourhood Partna'ship (the 'charitable company,) for the year elided 31 March 20?5 which comprise the Statement of Financial Activities, the Statement of Financial Positioii, the Slatemenl of Ca%h Flows and notes to the financial statem¢'nts, including <¥ summary of bignificant aLcounting policies. Th¢ fiilancial repoiting fi'am¢work that has been applied in their preparation is appjicable law and United Kiiigdom Accountiiig Standards (UDited Kingdom Generally Accepted Accounting Practtce), including Financial Rq)orting Standaid 102 'The Financial Rq)orting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial ststements: give a trne and fail. view of tlie state of tlje charitable company's affairs as at 31 M11 2025 and of its incomino resources and applicalion of resources, including its income and expenditur¢, foi" the year then elided; hav¢ been properly prepared in accordance with Uiiited Kingdom Generally Accepted Aecouiiting PrdLtice. including Fin(Lia1 Repoiting Stand&wd 102 'The Fiiiancial Repoiting Standard applicable in the UK and Rcpublic of Ireland," and have beai piepar¢d in accord8nc¢ with the irquiirm¢nts of the Companies Act 2006. Basis for opinion We conducted our audit ill accordance with International Standards on Auditin(r (UK) (ISAS (UK)) and applicable law. Our rcsponsibilitics under those standards arc further described in tlie Auditors, responsibilities foi" the audit of the financial statements section of our repoit. We independenl uf llic charitable colnpally iii accordance with the ethical requiirmeiits that are relevant to our audit of the finaiicial stateiiieiits in the UK, iiicliiding the FRC'S Ediical Standard, and we liave fulfilled our othei edllcal responsibilities in accord2n¢e with these requirements. We believe that the audit evidence we have obtained is sufficieiit and appTopriatc to proiride a basis for our opinioii. Conclusioll¥ relating to going conLern b] auditi]Ig the fjnancial statements, we have concluded that the trustees, us¢ of the going conc1 basis of accounting in the preparation of tlie financial statements is apprO.AatC. Based on the work we have perfornie¢ we have not id¢ntified any material uocertaintics relati0 to ¢vents or conditions thal, individually oi. collectively, may cast significant doubt on the Chilable conwany's ability to continiic as a going concem for a pei.iod of at least twelvc months from when the financial statements arc authoris¢d for issue. Ou¥ responsibilities and the respon.sibilRties of tlie trnstees with respect to going coiicern are described iii tlie relevant sections of (his report. Other information The liu8tLes are rc8pon.siblc for thc ollicr infoiination. The otlicr infonnation cnmprise.s the infonnation included in the Annwdl Repoffj other th] the finl¢la1 statements and oui Report of the Indepelldent Auditors theLron. Our opinion on the financial slatemenLs docs not cover the othei" inforniation and, except to thc ¢xt¢nt otherwis¢ explicitly stated in our r¢port, we do not express aiiy forni of assuraice conclusion thereon. In connection witli our audit of the f1claI ststements, our responsibility is to read the other infomvation and, in doing so, considcr whcthcr the other infonnation is materially inconsistent with the financial statements or our knowledge obtsined in the audit or otheiwise appears to be materially misstated. If we identify sucli llffiterial inconsistcncies or apparent material misstatements, we required to deterniine whLther this gives rise to a material misslatement in the financial statnentS themselves. If, based on the woi"k we hav¢ iia'foiined. w¢ conclude that thcre is a material mtsstatement of this othei information, we requll'ed to ieport that faLrt. We have nothing to report kn this irgard. 14
ort of the Independent Auth'tors to the Trustees and Members of Colin Nei hbourhood Partn rs.hAP Opinions on other matters prescribed by the Companies Act 2006 In Ol opiDion, bascd on the work undertalien iii the course ot.the audit: tbe inforn]ation given in tlie Report of the Trustees for the financia] year for which thc financial statements are prepared is consistent with the financtal statements; and th¢ Repoit of the TllteeS has been prepared iJ] accordance with applicable legal requirements. Matters on which ive are requii.ed to report by exception Iii the light of the knowledge and ldeltandIng of the charitable conipany 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 inatters where the Coinpanies Act 2006 requires us to report to yoii if, in our opinion: adequate accoltIng records have not been kept or returns adequate for our audit have not been received rroin branches not visited by us" oi. the financial statements are not in agrccment with the accounting records and retLllllS' or crtain disclosures of intees, r¢muna?tion spccifi¢d by law arc not madc; or we have not received all the infoiTnation aiid explanations we require for our audit. or the trustees were not entitlLd lo takL advantage of the small companies cxemption from the requirement to prepare a Stiat¢gic ROrt or ill pr¢paring the Repoit of the Trustees. Responsibilities ol trustees As explained morc llY in the Siateiiient of Trustees, Respoiisibilitics, th¢ trnblc¢s (wbo ar¢ also the directors of thc charitable company for tlie pUoseS of comp&ny law) are respoiisible for the preparation of th¢ financial statements and for being satisfied that they givc a Iruc and fair view: and foi" such internal control as the tnistecs dctcrniine is necessary to ¢nable the pr¢paratioii of financiaE stateInenLs that are frec from inatla1 misstatcmenL whether due to fraud or error. In "qjarIo the financial stateinents, the trustees arc rcsponsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable, tllatters related to going concem dnd ubing the going concern basis of accounting unless the thteeS eithei intend to liquidate the charitdble company or to cease OpatROn, or bave no realistic altratIve but to do so. 15
ort of the Inde endent Audltors to the Trustees and Members of llrhood Partnershi Our responsibilities for the audit (pf the fillancial slalements Our objectives ai"e to obtain rea%onable a8%2nCe about whether the financial statements as a whole free froni terIal misstatement. whethcr diie to fraud or Lm)r, and io is5¢ d Report of th¢ Indcp¢ndciit Auditors that includes our opinion. Rcasonablc assuranc¢ is a high level of assurance, but is not a guarantee tliat an audit conducted in accordance with ISAS (UK) will always detect a material JJJisstat¢ment wheii it ¢xists. Misstatements can arise from fraud or error and are consida.ed material if, individually or in the aggregate, they could reasonably be expected to infiuence the econoinic decisions of users taken on the basis of these fil1claI stateinents. The exlent to w]Jich our procedures are capable of deteeting irregulai'ities, incliiding fraud is detailed below: Yegul7t1es, including fraud, are instances of non-compliwice with laws and i¢gulations. We design procedures in line our respojjsibilities, outlined above, to detect material mis.qtatements in re.%pect of irregularities, inLluding fraud. In Pititicular, we looked at where managL'ment made subjLctivL' judgements, for exainple ill respect of accounting estimates that involved inaking assumptions and Considering futui cvcnts that lire inherently uncertain. We also considered potential financial or other pressus. opportunity and motivations for fraud. As part of this discussio we id¢iitified tlie inteinal coiitrols established to milig£ite i.isks ielated to fraud or non-complianLe with laws <ind reLyulalion8 and how inanagement monitor these pr(Kesses. AppiDpiiate proc¢dur¢s in¢lud¢d th¢ r¢vi¢w and t¢sling of manual jouiimls and k¢y estimates and judgements made by management for Lisk of traud. Based on our uiiderstanding of the conipany I]d iiidustry, we idcntified the principal risks of iion-conipliance witli laws and regulations as those tliat have a direct impact on th¢ detennination of material amounts and disclosurcs in thc fancIal stat¢m¢nts. We evaluated management's incentives and opportunities for fraudulent manipidation of the flliancial statements and idaitified tb¢ greatest potential for fraud. W¢ cort]mullicated the identified laws and regulations tknDughout the audit team and remained alert to 2tny indications of non-complianc¢ througbout lh¢ audit. Audit procedures performed include(L but were not limited to: Discussions wxth managenient including consideration of known or siispected instances of non-compliance with laws and regulation and fraud; Reviewing the fella1 slatemcnt diselosurcs and testlDg to supporting documentation. Review of board meeting miiiutes of those cliarged with governance: In addressing the risk of fraud through management overrid¢ of Controls. testing the appropriateness of journal entrÉes and other adjustmcnts. As part of an audit in accordance with ISAS (UK), we exercise profession21 judgement and maintain professio11 sceplicisni tbroughout the audit. We also:_ Idajtify and assess the risks of mateiial misslatement of the fiJMicial statements, wbetha due to fraud or error, design dnd perfoi"m audit piocedures respunsive to thosc risks,. alld obtain audil L'vidLlILL' th<il is sufficient and appropriate to provide a basis f. ow" opinion. The risk of not dettIng a matelial misstatement resultiiig from fraud is higher than for one resultiii(y from error: as fraud may involve collusion, forgcry, intcnlional omissions, misrepresenta(ions, or Ihe OVaTide ofinterndl control. Obtaiii all undei'.%tatiding of internal coiitrol relevaJ)t to the audit in order to desi audit procedures that are appro'1ate in the circumstances, but noi for the purpose of expressing an opinion on the ¢ffectiv¢n¢ss of the charities internal Lontt"ol. 16
ort of the Inde endent Auditors to the Trustees and Members of olill Nci hbourhood Partnershi Evaluate the appropriatlesS of accoullting poliLies used and the reasonableness of accounting estimates and related disclosures madc by the tsustecs. Perfom] ana11C&1 procedures to idcntify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud or eiTOr. Conclude on thc approprialcncss of the tNslces' use of the going concern basi% of accounling and based on tlie audit evidence obtaincd, whethcr a matcrial unceitainty exists related to event8 or coiiditions tlial inay cast significant doiibt oil the clwities ability lo conlirLue as a going concem. If we conclude that a mataial uncertallity exists, we are irquired to thaw attention in our auditor's report to the related disclosures in the financial stdtements or, if such disclosures are inadcquate, to modify our opinion. Our conclusions ar¢ based on the audit evidence obtained up to the date of ow. audilor's rq)ort. However, future events or conditions Inay C<iuse tbe ch&ity to cease to continue as a going concern. Evaluate the overall presentation, structu, and content of the fiFJancial stateiiients. including the disclosures and whether the financial statements represent the underlying transactions and cvellts in a majmer that achiev¢s fair prcsciitation. We communicate with those charged with governanLe regarding, amoniy other matters, the planned scope and timino of the audit aiid significallt audit finding7s, in¢ludillby significant deficiencies in inteliial controL that we idcntify diiring our aiidit. A fthe1. description of our responsibilities for the audil of thL financial slatements is located on the Fin¢incial Reportiiig Council's website at www.frc.org.ukJauditorsrespoiisibilities. This description f"rns part of oiw Rq)ort of thc Indcpelldent Auditors. Use of our report This report is tllade soEely to the charitable coinpany's members, as a body, iii accordance with Chapter 3 of Part 16 of the Conjpanies Act 2006. Our audit work lias been undeitaken so tliat we miglit state to the charitable company's members thobe m(IItLllb WL are I"cquii"ed to state to than in an auditors, IEport and for no other pUoSe. To the fullest extent pennitted by law, we do not accept or asgume responsibility to aiiyone other than the charitable company and the chai"itabl¢ conipany's niembers as a bodyj for our alldit worK for this ieport, oi" for the opinions we hÈive fumied. • LJl4 Alistaii" Wellg (Senior Statutory Auditor) for and on behalf of Lynn Drake & Co Ltd Statutoiy Auditors I st Floor 34 B-D Maiii Street Moira Co. Armagh BT67 OLE l O Septeinber 2025 17
Colin Nei hbourhiwd Partnei'shi Statement of FiJ)ancial Activities for the Year Ended 31 March 2025 3L.3.25 Total funds 31.3.24 TotaK funds Unrestricted Reqtricted fund funds Notes INCOME AM) ENDOWMENTS FROM Donations and legacies 105,375 105,375 89,151 Charitable activities Grants Receivablc 4.450 944,303 948,753 1,009,859 Other trading activities Otlier incomc 7,936 19,050 1,574 24,000 9,510 43,050 8,246 47.167 Total 136,811 969,877 1,106,688 1,154,423 EXPENDITURE ON Charitable activities Direct Charitable Expenses Governance 43,920 984,193 34.374 1,028,113 34.374 1,014,322 13,653 Total 43,920 1,018,567 1,062,487 1,027,975 NET INCOMEI(EXPENDITURE) 92,891 (48,690) 44.201 126,448 RECOIYCILL4TION OF FUNDS Tothl funds. bruugliL furward 163,564 677,124 840,688 714,240 TOTAL FUNDS CARRIED FORWARD 256.455 628,434 884.889 840,688 Thc notes fomi part of these financial statements 18
Colin Nei hbourhood Partnershi Statement of Financial Position 31 March 2025 31.3.25 31.3.24 Notes FIXED ASSETS Tangible assets 10 34,763 4?.524 CURRENT ASSETS Debtois Cash at bal and in hand 111,815 82l,651 216,134 681,397 933,466 897,531 CRF.DITORS Iiounts f(Elltng due within one ye£ 12 (83,340) (99,367) IYET CURRENI. ASSETS 850,126 798,164 TOTAL ASSETS LESS CURRENT LIABILITIES 884,889 840.688 NET ASSETS 884,889 840,688 FUNDS Uniestricted funds Restricted funds 14 256,455 628,434 163,564 677,1?4 TOTAL FUNDS 884,889 840,688 These fii]ancidl statemaits have been prepared in accordallce with the provisions applicable to charitable con]panies subject to the small companies regill. The financial StatentS were approved by the Board of Tnjstees and aulhorised for issue on IO SLplctnbei 2025 and weie signed on its behalf by: M J Cooper - TrLiStee B J Moane- Trustee The notes fomi part of these fillancial statements 19
Colin Nei hbourhood Partnershi Statement of Cash Flows for the Year Ended 31 Mai'eb 2025 31.3.25 31.3.24 Notes Cash llows from operating actiTrities Cash generated from operations 143,027 159,477 Net C(Ish proiiided by operating activitics 143,027 159,477 Cash flows from investing aetivities Pur¢has¢ of tangibl¢ fix¢d assets (2,773) Net cash (used in)/provided by investing activities (2,773) Change in cash and cash equivalents in the reporting period Cash aiid cash equivalcnts at thc begtnning of the reporting period 140,254 159,477 681,397 521,920 Cash and cash equivalents at the end of the Yeporting period 821,651 681,397 The notes forni part of thesc financial statements 20
Colin Nei hbourhood Paitnershi Lyotes to the Statement of Cash F for the Year Ended 31 March 2025 RF,CONCII,IATION OF NET INCOMF. TO NF.T CASH FLOW FROM OPF.RATING ACTIVITIES 31.3.25 31.3.24 Net income for the reporting period (as per the Statement of Ffnancial Activitles) Adjustments tor: Depreciation charges Decrease1(in.eaSe) in debiors (Decrease)/increase in creditors 44,201 126,448 10,534 104,319 (16,027) 9,903 (16,176) 39,302 Net cash provided by operations 143,027 159,477 ANALYSIS OF CHANCES IN NET FUNDS At 114124 Cash flow At 3113125 Net tash Cash at bank and in hand 681,397 140,254 821,651 681,397 140,254 8?1,651 Total 681.397 140.254 821,651 The notes form part of tliese financial statements 21
Colln Nei hbourhood Partnershi Notes to the Finaiici21 . tat ents for the Year Ended 31 Mareh 2025 ACCOUNTING POLICIES Basis of preparing the financial stxtements The fancial statements of the charitsble company, which is a public benefit entity under FRS 102, Iiave b¢¢n pr¢paKd in accordance witli th¢ Charilics SORP (FRS 102) 'Accounting and Rq)orting by Charities." Statement of Recommended Praclice applicablc to charilies preparing their accounts in accordiwce with Ihe Finallci&11 Reporting Standard applicable in the UK and Republic of Ireland (fRS 102) (effective l January 2019),, Financial Reporting Standtwd 102 'The Financial Reporting Standard applicable in the UK and Republic of Ii'eland, atkd the Coinpanics Act 2006. The financial slatements liave been prepared under the historical cost coiivention. {a) General information and basi5 of preparation Colin Ncighbourhood Partnfflsliip As constituted as a company limited by guarantee incorporated in Northern Ireland (N1047757). In the event of the cliarity being would up, the liability in rebp¢Lt of th¢ guarantee is limited to £1 per mcmber of the charity. The charity constittit¢s a public b¢n¢fil ¢ntily as defined by FRS 102. The fin8iicial statements have been prepEU'ed in accoi"dance with Accounting and Reporting by chill¢s.. Statcmcnt of Rccomineiided Practice applicable to charities prepai.ing their accounts in accordancc with thc Financial Rqjorting Slandard applicabl¢ in the UK and Republic of Ireland issued in 2019), the Financial Reporting St]dard applicable in the United Kingdom Republic of Ireland (FRS 102), the Charities Act (Northem Ireland) 2013, the Companies Act 2006 and UK GenlY Accepted Practice.. The flliancial stateinents arc prep&red on a going concern basis Und the historical cost coJ)vention, moditied to include certain iteiiis at fail" vali. The financial statements are presented iii stelling which is the fwictional ctllTency of the charity. The significant accounting policies applied in the prep?tion of these financial statemciits are set out below. These policies have been consigtently applied to all years presentcd unless olhenwise sldle(L (b) Funds Unrestricted fllnds are available for use at the discr¢tion of the trustees in furtherance of the general objectives of the charity and which have not been designated foi" Oth pirposLs. Desi.(Tnated timds comprise unrestrRCted fLU]ds that have been set aside by the trustees for particular pu4)oses. The aiin and use of each desi0 ated fund is set out in the notes to tlie fmancial statelnents. Restricted funds are funds which (we to be used in accorddnce with spL'LifiL restriLtions imposed by donors or which Imve been raised by the chty for Pdrticular putposes. Tlie cost of raising and administering such funds are charoed against the specific fund. The aim and use of each rcstiicted fid is set out Ill the notes lo the fin]cIal statfflllLts. Further expEanation of the nature and purpose of each fund is included in the notes to the financial statements. 22 continued...
Colin Nei hbourhood Partnershi Notes to the Financial Statemen s- continue for the Year Ended 31 March 21125 ACCOUNTIIYG POI.ICIF.S - eontinued Basis of preparing the financial statements (c) Income recognition All incoming res0CeS are includLd in the Statement of Fin<uicial Activities (SOFA) when the charity is legally entitled to tlie incoine atter any pertomiallce conditions Iiave been met, the ainowit can be measured reliably and it is probable that the ineome will be received. For donations to be recognis¢d the charity will have been notified of tl)¢ amounts and the settlemeiit date in wiiting. If there are condiiioDs allached to the donation and th3s reqiiires a level of pcrforn]ance befoie entitlement be obtaÈlled then illcome is dcfeL1"ed until tliose condilions are fully met or the fulfilment ot those conditions is within the control of th¢ charity and it is probable that they will be fulfLlled.Voluntary income is received by way of gts, donations and gifts and ib iJ]cluded in in the Stat¢meJit of Financial Activities (SOFA) when receivable. Income received from collections is recouo ]ised when received. Donatcd facilitics and donated professional services are recognised in income at tlieir fair value when theiL- economic benefit is probable, it can be measured reliably and the chaiity has control over the item. Fair value is detennined on the basis of the value of tlie gift to the charity. For ample the amount the charity would bc willing to pay in the open niarket for such facilitics and SeiceS. A COLTcsponding amount is recolIsed in ¢xp¢ndilurc. No amount is included in the fmancial statements for volunteer time in line with Ibe SORP (FRS 102). Further detail is given in the Trustees, Anttual ReporL For legacies, entitlenient is the eai-lier of the cliEllity being nolified of all impendin8 disttibutioll or the leoacy being received. At tliis point income is recognised. On occasion legacies will be notttied to the charity howcver it is not possible to measure the amount expected to be distributcd. On these occasions, the legacy is ti"eated as a contingent ass¢t and disclosed. Incomc froin trading activities includes income earned froin fundraising events and tt'ading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise fidS and is recognised whLm eiitidemeiit has OCCWTed. The charity receives government grants which are detaiLed within the iiotes to these financial statemellts. Income from goven)ment and other grants are recognised at fair value wheii the charity lias entitlanent after any petforLnance coiidilioTL8 liave been illet, it is "oBable that tlie incoine will bc received and the amOlt can be measwed reliably. If entitlement is not met then these amounts are defetred. (D) Expenditure recognition All expenditw'e 18 accounted foi. on an accrnals basis, incliisive of VAT wliich cannot be i'ecovered and lias been classified under headings that aggregaLc all costs related to thc calegory. Expeiiditure is rccog7nised where there is a legal or constrnctivc obligation to make paymenis to third parties, it is PIDbable that the settlement will be required ]d the amolt of the obligation can be measured reliably. It is categorised under tbe following hcadings: Costs of raising funds includes the costs associated with ath?cting voluntary incomes; 23 continued...
Colin Nei hbourhood Partnershi Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - contlnued Basis of preparing the financial statements Expelldithre on charitable activities includes those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes botli costg that can be allocated directly to such activities alld those costs of an indirect nature nece%s&ry to support tliem; and Other expeiiditurc represents those items not falliug into the cat¢goi"ies abovc. InEcoverabLe VAT is charged as an expense against the aclivity for which expenditure arose. Giants payable to third paities are withiii the charitable objectives. Where unconditiondl grants are offered, this is accrned as soon as the recipient is notified of tbe wt. as this gives rise to a reasonable expectation that the recipient will receive the 'ants. Wliere -antS are coiiditional relatin to perfom]ance then the grant is only accrued when any unfulfilled conditions are outside of the onhvl of the charity, (e) Support costs allocation Support costs are those that &%sist th¢ work of the charity but do not directly represent charitable actiVLtics and inc.ludc officc costs. govarncc costs, adniinistrativc payroll cosls. Thcy arc ]ncTCd directly in support of expellditure on the objects of th¢ charity alld include project mlage1]ient carried out at Headquarter.s. Whei"e support cosLs cannot be dii"ectly attributed to particular headings they have been allocated to cost of raising funds and expcndituic on charitabl¢ activktics on a basis consistent with use of the resources. Premises overlieads have been allocatcd on an inscrt detail basis and other overheads have been allocated on a basis consistent witli the use of resources. F1&-raiS)g costs arc thosc llicuned in seekiJ]g voluntary coiitrRbutioDs and do not iiiclude the costs of disseLninating inf0MtiOn in support of the Lharitable activities. (D Tangible fixed assets Tangible fixed assets stated at cost less accumulated depreciation and accumulated ijnpaimient losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to WLite off the cost. less cstiniated residual value, of C¢ich asset on a systemalic basis over it.s expected usethl life as follows.. Freehold Property Plant & Machinery Fixtuirs and Fittings Motor Vehicles Computer F.quipment 2V/o Straiglit Line 25 /. SITai(yht Liiie 250 Straight Line and 250/. Reducing Balance 25 % Strai(Fht Line 250/0 StraI1t Line {g) Financtal Instruments A fmancial asset or a fmancial liability is reColISed only when the chakity becomes a party to the contractual provision of the iii.stLYment. Basic financial instmments are inilially rccognised at the amounts receivable or payable including any related transactioii costs. 24 continue(L..
Colin hbourhood Partnershl Notes to the FitnancAa] StatemeJ)ts - continued for the Year Ended 31 March 2025 ACCOUNTING POI,ICIF.S - CODtinued B2&ts of preparRng thc financial statements cllent assets and current liabilities are subscquently m¢asuTed at th¢ cash or other consid¢ration expected to be paid or relived and not discounted. Debt instsuments are subsequently measured at nortiSed Lost. Where iiivestments Ill sharcs publlcly traded or their fair value can otherwise be measured reliably, the investmellt is subsequeiitly measured at fair value with changes in fair value iEcogniged in income and expenditure. All other such investtnents are subsequently m¢asur¢d at Cost less impairn]enl. Other financial instruments, including derivatives, ait initially recogttised at fair value, unless payment for an asset is defeed beyond norn]al bubiness tenns or fEnanced at a rate of interest that is not a maL*et rate, in which case the asset is measured at the present value of the tllre payments discounted at a mket rate of interest for a similar debt instNLnent. Other financial litrumentS are siibscquaitly measiwed at fair vaIu¢ with any changes recognised in the statement of fmancial activities. with thc cxccption of hedging insinllnents in a designed Iiedging rel&lionship. Financial assets that are measured at cosl or amortised cost are reviewed for objective evidence of impaimient at the end of each reporting date. if there is objective evidence of impain)Jent a impaim]ent loss is recognised under the appropriatL hcading iii the btalemcnt of fin<incial aclivities in whRch the initial gain is recogn¢(L FOT all cquity instrnments reg.dICSS of significance, and otha. financial &ssets that are individually significant, these are sesSed individually for impainnent. Other financial assets are either a6scss¢d individually or grouped on the basis of sirnilar credit risk characteristics. Any reversals of impairnieDt are recognised immediately, to the extent that thc reversal does not rcsult in a c]Ying amount of the fInLIa1 asset IhaÉ exceeds wt the carrying amount would have been had the imp8irn]ent not previously been CogniSed. } Impaiiinent Assets not measured at fair value are reviewed for any indication that the &gset may be impaiied at eacEI balanLL shL'L't date. If such indicdtion exisl8, Ili¢ rccoverablc amount of the asset, or the asset's cash generating untL is estimated and compgred to the Canying amount. Wbeie the cryIng amount exLcgds its recoverabke amoullt, an impairnient loss is reCols¢d in pi'ofit oi" loss lleSS the asset is carried at a revalued amount where tlie Ainpainnuit loss is a revaluation decrease. (i) Provfislons Pmvisions are recog]iscd when the ChilY has an obliuation al the balance sheet date as a i'esult of a past evenl, il is pi'obal)le that an oiilflow of economic benefits will be requii.ed in settlement and the amount can be reliably estimateLI 25 continued...
Colin Nei hbourhood Partnershi Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POI,ICIF.S - continued BasAs of preparing thc financial stat¢ments li) Leases Assets acquired under fillattcc leases are capitalised and dcpreciated over the shorter of the lease tenn and the expected useful life of the asset. Minimum lease payments aJE apportioned behveen the fiiiance charge and the reduction of the oulstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Rcntals payable and receivable under operating leases are charged to tlie SOFA on a stt'aight line basis over the pei'iod of the lease. (k) Tax '0 pi"ovision is rcquircd foi" t&xalion as Ihe coinpiiny is dcfined as a chlty for laxation puOses. Th¢ charity is a r¢gisl¢r¢d chilY alld so such is cntitled lo cettiin lax exanptiotLq oil income attd profits fi.oni Investments and swylu.ses on 2Y ts?ding activities Caled on in fL]rtberanc¢ ol. the cliarity's primary objectives. if these profits and surpluses air applied solely lor ch'Itable purposes. O) Going concern The financial statements have been prepared on a going concem basis as the trnstces believe that no material uncertainties exist. The truste¢s have consider¢d ilie level of funds held and the cxp¢cted lev¢1 of income and ¢xpeiiditure for 12 montlis from authorising these financiaL statements. The budgeted iiicome aiid expenditure is sufficient with the level of Teseives for the charity to be able to continue as a going concern. (m) Judgements estimates The following judoemonts including those involving estirnates that have been made in the process of dpplyill. the above accounting polRci¢s that have bad the most sigllificant effect on the amounts i"ecognised in the financial statements and that have a significant risk of causing a material adjustsnent to the canying nOwIts of assets and liabilities within tlie next financial Ye.. (i) depreciation method and asset useful lives Thc estimates and assumptions are reviewed on an ongoing basis considering the current and futhr¢ market conditions. Tangible fixed assets r)cpreciation is provided at the following annual rates in ordcr to write off each asset over its estimated useful lifc. Taxation The charity is a regislered charity and so such És entitled to certain tax exemptions oil income and profits from investments and surpluses on any ttadin(r activities carried on in furtherance of the charily's primary objectives, if these profits and sulUseS are applied solely for ChlIable puryoses.chaiity 26 continue(L..
Colin N¢1 hbourhood Paitnershi ]Notes to the Fijjallcial Statements- continued for the Year Ended 31 March 2025 ACCOUNTING POI.ICIF.S - continued Fund aceoullting The Charity has various types of fimds for which it is itsponsible, and which requlle separate disclosure. These are as follows: (i) Restricted Funds Grants or donations recetved, which lire eam]arked by the donoi" for specific purposes within the overall aims of thc organisation (li) Utirestiicted Funds Funds which arc expendable at the di.scr¢tion of the D1CtorS in furth¢rance of the objecLs of the charity. Such fijnds may bc hLld ill ordcr to fmancc capithl investment and working capital.trustees Pension costs and other post-retirement benefits The cli]table coinpany operntes a defined contribution pensioii scheme. Contributions payable to thc chai"itable company's pension scheme are chaiged to dic Statement of Financial Activities in thc period to wliich they relate. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations 105.375 89,151 OTHER TRADING ACllVITIES 31.3.25 31.3.24 HLC Revenue 9,510 8,246 INCOME FROMI CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity Grants Receivablc Grants 948,753 1,009,859 Grants received. included in the above. are as follows.. 31.3.25 31.3.24 B¢Ifast City CoimciE Public Health Ageiicy National Lottery Fund Department for Coi]m]uniti&s SEH&SCT TEO Urban Villages Initiative Education Authority SE Region SEUPB 64,256 92,215 155,022 373,491 102,477 95.000 21,500 17,078 46,232 77,953 40.000 383,112 153,636 249.049 27,111 (3,986) Carrked fonvard 921,039 973,107 27 continu¢d...
Colin Iyei hbourhood Partnershi ]Yotes to the Financial Statements- continued for the Year Ended 31 March 2025 INCOMF. FROM CHARITARI,F. ACTIvfTIF.S - continued 31.3.25 31.3.24 Brought forward Apex Housing Association Coniiiiunity Foundation Nl Hougllig ExcLutivL F.ducatioii Authority Clear Project FLderalion of Fan]ily Practices FluildingF the C,ommunity Ph£uinacy Partnership Nleighbow'ly 921,039 2,875 500 650 2,000 4,995 2,894 9,600 4,200 973,107 16,115 7,817 7,742 5,078 948,753 1,009,859 CHARITABLE ACTIVITIES COSTS Support costs (sce nu 6) Direct Costs Totals Dii"ect Cliaritable Expenses Goveiiiance 1,026,981 1,132 34,374 1,028,113 34,374 1,026.981 35,506 1,062,487 SUPPORT COSTS Governance Finan¢e Totals Direct Charitable Expenses Governance 1,132 1,132 34,374 34.374 1,132 34,374 35,506 NET INCOMEI(EXPKNDITURE) Net iiicornel{expenditure) is stated after charng/(credIting). 31.3.24 Audilors, remuneration Depreciation - owDed assets 5.280 10,534 4.800 9,902 28 continued...
Colin Nei hbourhood Partnershi Noles to the Financia] Statemellts- continue for the Year Ended 31 March 2025 TRUSTEES, REMUNERATION AND BENFFITS Thcrc w¢r¢ no truste¢s' remunerdtion oi. other benefits for the y¢ar ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There w¢ no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 Marcli 20?4. STAFF COSTS 31.3.25 31.3.24 Wages and salaries SoLial security costs Otber pension costs 429,096 36,773 23,282 418,815 40,146 24,865 489,l51 483,826 The avei.age monthly number of Lmploye¢s during the year was as follows: 31.3.25 14 31.3.24 14 CNP Staff No employees received emoluments in excess of £60,000. The key management personnel of the charity comprise of th¢ Chief Executive and tb¢ Finance Mana(rcr. Tlic salaries paid to key management pcrsonncl during tb¢ yw totalled Ll15,942. (2024.. £108,041) 29 ontinued...
Colin Nei hbourhood Partnership_ Iyotes to the F" clal Statements - continued for the Year Ended 11 March 2025 10. TANGIBLE FIXED ASSETS Fixtures Freehold propety Plant and macliinery fittings COST At .l April 2024 Additions 50.412 82,331 316 51,862 At 31 March 2025 50.412 82,647 51,862 DF,PRECIATION At l April 2024 Charge foi" year 22,440 756 71,493 7,447 49,937 658 At 31 March 2025 23,196 78,940 50,595 NET BOOK VALUE At 31 March 2025 27,216 3,707 1,267 At 31 March 2024 27,972 10.838 1.925 Motor vehicles Computer equipment Totals COST At l April 2024 Additsons 77,040 71,129 2,457 332,774 2,773 At 31 March 2025 77,040 73,586 335,547 DEPRECIATION At l April 2024 Charge foi" ycar 76,295 186 70,085 1,487 290,250 10,534 At 31 mch 2025 76,481 71,572 300,784 NET BOOK VALUE At 31 Mcli 2025 559 2,014 34,763 At 31 March 2024 745 1.044 42,524 Freehold property includes the following CIoLm<i House, 31 Colin Road, Belfast, BT17 OLG This woperty was donated to Colin NeIghboi1]00d Partnership in March 2014. Healthy Living Centre, Colinglen Road, BelfasL BTJ 7 OLR. 30 Lontinued...
Colin Nei hbourhood Partnershi Notes to the Financial Statements - continued for the Year Ended 31 March 2025 11. DF,BTORS: AMOU]NTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Prq)ayments and accrued incoine 84.903 26,912 90,590 125,544 IIL,8I5 216,134 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Pensions Othd creditors Accruals and defaTed income 66,369 90,228 2,551 1,588 5,000 457 16,514 83,340 99,367 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.25 Total funds 31.3.24 Total fid8 Unrestrtcted fund Restrictcd fluids Fixed assets c[¢17t ass¢ts CuLT¢nt liabikities 1,855 ?65,680 (11,080) 32,908 667.786 (72,260) 34,763 933,466 (83.340) 42,524 897,531 (99,367) 256,455 628,434 884,889 840,688 31 ontinued...
Colin Nei hbourhood Partnershi Note5 to the Financia] StateTnents- continued for the Year Ended 31 March 2025 14. MOVEIVIENT IN FUNDS Net movement in fvnds Transfers between fimds At 3113125 At 114124 Unrestrtcted funds Gelleial fiuid 163,564 92,891 256,455 RestrKcted funds Arts and Culture Health For All BRO Genernl Good Morning Colin Youth Strategy Big Lottery Allotment Daily fann Ccntir Comp¢ns(ttion 162,863 334,691 (161,373) (325,738) 433 564,661 (63,464) (3,380) (2,826) (C),183) (50,820) (1,490) (8,953) 433 628.001 52.515 63,555 3,480 2,826 6.283 50,911 10.825 {91) (ioo) (i 00) (91) 677.124 (48.690) 628,434 TOTAL FUNDS 840,688 44,201 884,889 Nct movement in funds, included in the above ar¢ &s follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 136,811 (43,920) 92.891 Restricted funds ALts and Cultuie Health For All BRO 180 (161,553) (161,373) (325,738) (325,738) (373,383) 433 (7220) 564,661 (63,464) (63,464) (3,380) (3,380) (2.826) (? 826) (6,183) (6,183) (74.820) (50,820) 373,816 571,881 Good Moniiiio Co]in Youth Stt-atc. Big L4)ttery Allotment Dairy Farni Centre Compensation 24,000 969,877 (1,018,567) (48,690) TOTAL FUIYDS 1,106,688 (1,062,487) 44,201 32 conÉinu¢d...
Colin Nei hbourhood Partnershi INotes to tbe Financi tatemellts - contAnued for the Year Ended 31 Mareh 2025 14. MOVF.MF.NT IN FUNDS - Lontinued Comparatives for movement in funds Net movanent in funds At 3113124 At 1/4123 Unrestricted funds General finid 130,330 33,234 16J,564 Restrieted funds Aits and Culture Health For All General Good Morning Colin Youth Stiatcgy Big Lottery Allotment Dairy Fann Centre Compcnsation 94.999 349,115 26.540 54,582 1,239 2,826 3,628 50,981 67,864 (14,424) 25,975 8,973 2,241 162,863 334,691 52,515 63,555 3,480 2,826 6,283 50,911 2,655 (70) 583,910 93,214 677,124 TOTAL FUNDS 714,240 126,448 840,688 Coniparative net movement in fiinds. included in the above are as folloNvs: Icornillg IEsourccs ResourLes expended Movement in funds Lnrestricted fulld5 General fLmd 81,839 (48,605) 33.234 Restricted funds Arts and c.ulture Health For All BRO CJencial Good Morning Colin Youth Sttztegy AllotEnent Dairy Faiin Centre Compensation 127,388 282,83J 334,425 91,651 74,082 69,491 68,714 24,000 (59,524) (297,257) (334,425) (65,676) (65,109) (67,250) (()C),059) (24.070) 67,864 (14,424) 25,975 8,973 2,241 (70) 1,072.584 (979,370) 93,214 TOTAL FUNDS 1,154,423 (1,027,975) 126,448 33 continued...
Colin Nei hbourhood Partnershi ote t the Fin ncial Statements- continued for the Year Ended 31 Mai'ch 2025 15. RF,I.ATFD PARTY DISCI,OSURES There Tere no related party transactions for the year ended 31 March 2025. 16. WtNDING UP Every ineinber of the Cotnpany undertakes to contiibute to the assets of the Company, in tbe event of the same being wound up while it is a member, or within one year after it ceases to be a meinber, foi. payment of the debts and liabilitie8 ol the Company contracted before it ceases to be a member, and or the costs. cliarges alld expciises of windlllo up, and for the adjiisiment of tlie riglits of the contsibuÈo¢s among theneLveS, sucli nOullt as may be i'equiitd not exceeding one pound. 17. SHARE CAPITAL The Company is Limited by Guarantee attd has no sh¢¢ C<lPitdl 34
Colin Nci hbourhood Partnershi DetailL.d Statement of Financial ActiTrities for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDow1¥IYrS Donations and legaetes Donations 105,375 89,151 Other trading activities HLC Revenue 9,510 8,246 Charitable activities Granls 948,753 1,009.859 Other income Other Income 43,050 47,167 Total incoming resouyees 1,106,688 1,154,423 EXPENDITURE Charitable activities Wages Social security Pensions Rates and water Insurance Light and heat Telephoi)e Postage &nd stationery Adveilising Sundries Repairs and Maintenance Subsci-iptions C'leaning FrOalUe Cogts Managanent F¢¢s R¢paid to Dfc re Vacant Posts Motor Expenses Travel and SubsisteJ)ce Hospitalily Staff Training and Welfare Volunteer Expenses Dq)n of freehold prupL'rty Depn of plant & machinery Carried forward 429,096 36,773 23,282 4,645 13,300 23,163 8,844 602 418,815 40,146 24,865 12,950 21,977 7,549 526 1,481 12,771 1,117 5,030 407,008 24,000 10,674 4,905 3,333 1,284 1,640 3.500 756 7,447 1,024,651 1,349 17,085 1,345 3,799 411.739 24,000 305 2,613 3,453 548 1,893 3,040 756 7,368 1,011,365 This page does not form part of the statutory fjnancial statemciits 35
Colin Nei hbourhood Partnershi Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 Charitable actiTrities Brouglit foiivard De1 of fixtures & fittings Depll of inotoi vehicles Depn ofcoinpuler equipment 1,024,651 657 186 1,487 1,011,365 657 249 873 1,026,981 1,013,144 Support costs Finance Bank charges 1.132 1,178 Governance costs Auditors, remuneration Computer c.osts PLfeSsIOnal Fees Consultancy Fees 5280 6,807 740 21,547 4,800 8,133 720 34,374 13,653 Total resources expended 1,062,487 1,027,975 Net income 44.201 126,448 This page does not fonn part of the statutory financial statements 36