Charity numbeT: XR29759, NIC 100209 Company number: N1034587 Greater Shantallow Area Partnership Limited (A company limiled by guarantee) Trustees, report and financial statements ror the year ended 31 March 2023
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Contents Page Legal and adminisirntive inforrnalion Truslee5' report 2-12 Audilors, rcpor( lo Ihc Iru51c¢s 13-15 Slllicmcnt or rinoncial aclivilics 16 Bulance shcel 17 Cash flow stslcmcnl Noies io Ihe financiul slalemenls 19-28
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Legal and administrative information Charlty number XR?9759. NIC IIW?09 Company reglslratlon number N1034587 Business address Unit C3 & C4 Northsidc Village Cenlre Glengalliagh Road Dcrry BT48 8NN Re8lstered omce Unil C3 & C4 Northsidc Village Centre Glengulliagh Road Derry BT48 8NN Trustees Peter McDonald Morlin Connolly R05cmary Dohcrty Tony Has50n. Sandra Duffy Caihal Mccaulcy. Viyicnnc Lynoll Brian O'Neill Muric Gillespic & EIfjiDe Young Brian Ticrncy. Charlcs McDaid & Michacl Doylc Cnolnn Compbell & Frnncis G McMonu8lc R¢5ign¢d 06K161?02? Resigncd 01112120?1 Appoinled 14102120?2 & 061041202? Secretary Caihal Mccuuley Project manydger Rory McParlun(J Audltors Shaun McGiniy & Co Istniulory Audilor) Chancrcd A¢¢oun¢an15 44 Wrmxlbrook tkrry BT48 8FF Bllnkers Allied Irish Blink. Mcadowbjnk Strand Road tkrry BT48 7TN Solicitors Hasson & Co Solicilors 39141 Clarendon Sirccl Derry BT48 7ER Page I
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Report of the trustees (incorporating the directors, report) ror the year ended 31 March 2023 Thc Iruslces prc5cni Ihcir report and the financial Slaiemcnis for ihe year endcd 31 March 2023. The finllncinl slalemenls ure prepllred in llccordancc with Ihc Companies Aci 2C. lh¢ Charilies Acl (Nl) 2008. FRS I O? "The Financial Rcporling Standard applicablc in the UK Republic of IT¢land" and AcconI1n8 and Reporting by Chariiics.. Sialemcnl of RecOnCndgd Praciice applicable lo charitics preparing their rlnoncial sthiemcnls in accordance with ihe Financial Reporiing Standard llpplicllble in Ihc UK and Republic of Ircland (FRS 10?). The Trnsiees Report contllins Ihc informalion rcquI lo be provided in Ihc Tru51ccs Annual Rep)rt under thc Sthiemcnt of Rccommcndcd Prncticc (SORPI guidelinc5. The directors of ihe company aTe lllso ehllriiy irusices (or Ihc purposc of charity law Jnd under (he company's congtitulion llre known as mcmbers of ihc board of I5¢c¢S. In this report the uwsiecs prcscnt a summury of its purposc. govcrnDncc. aclivitiC5, achi¢v¢mcnlS und finnnces for Ihe rinuncial ycar cnd¢d 31 Mllrch 2023. Dlrectors and tnleeS Thc Iruslecs, who ore a150 dircclors of Grcaicr Shaniallow Arca Portnership Limiied for Ihc purposes of company law and who scrvcd during th¢ y¢ar ond up 10 Ihe daic ol Ihis report are sci oul bclow. Trustees Peter McDonald Murtin Connolly R0Mary Doherly Tony HassoTr. SuDdrn Durry Cllihlll Mccauley . Vivicnnc Lynoti Brian O'N¢ill Maric Gillespic & Elaine Young Brian Tierney. Chnrles McDaid & Michael Doyle Cnolun Campbcll & Francis G Mcmonuglc RcsiBncd 06106120?? Resigncd 0111212021 Appoinied 1410?J?O?? & 061041?0?? Secrelary Caihal Mccuulcy Reference and lldmlnlstratlve detaits Charlty numbcr CompAny regislrntion number Registered offlce XR29759. NIC I (K)209 N1034587 Unil C3 & C4 NoTih5ide VillJBe Centre. Dcrry, BT48 8NN Key personnel Project manager Rury McPiirliind Advlsers Auditors Shoun McGinly & Co (Sintulory Audilor) 44 Woodbrook. Dey. BT48 8FF Allicd1ri5h Bank Sirdnd Road. Derry. BT48 7TN Hasson & Co 39141 Clarcndon Sircei. Derry, BT48 7ER Bankers Solicitors Pngc 2
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Report of the trusleos (incorporating the direclor5' report) for the year ended 31 March 2023 Strueture* governance and manxgement The Grellier Shanlallow Area Partll¢rship Limilcd 15 a chariLablc company limited by gunrnniee nol having any sharc capilal alld rcBisiered under ihe Companics Acl ?0. Th¢ charilublc company's governing document 15 Ihc Memorandum and Articlcs of Associaiion. Board of Direclors Thc charily is governed and direeied by a voluniary bothrd which ¢urrenily compri5e5 13 people from varied backgrounds and skill sets. The aim of ihc board is lo provide leadership and develop 5trAiegy a5 well io cnsure gId govcrnancc and finuncial conlrol. Ncw Bourd members undcrgo induciion ITaining io bricf Ihcm on roles ond responsibiliiies ond iheir legal obligations undcr ehuri¢y and cnmpLmy law, Ihc commiiice ond Ihc dccision-making proces5cs. the siraiegic operaiionul planning proccs5cs. Ihc organisaiional 51ructure llnd key organisalional aclivilics. Thc Board cnsurc5 lh¢ good sovcrnanee of the organisaiion by scitins ils siraicgic objcclivc5 und policy direciion through GSAP'5 Ihree yenr siraiegic plan, and moniioring pro8rc55 on Ihis Ihroublh Ihc annual opcralional planning process Appolntment R¢Llrement of Direetors Ai euch onnual general meclinB one-third of Ihc dirceiors who are subjccl lo reiircmeni by rothiion shall rclirc, Thc dircclor5 to rclirc shllll be ih05c who have bccn long¢sl ift officc fmm Ih¢ir lasi oppoinlmcnl or r¢appointrncni. Ir Ihc company docs rbol fill lh¢ yanCy Ihe rciiring director shllll be dccm¢d 10 httye been rcappoinlcd unless ai thc nK¢ting il is r¢501ved nol lo fill Ihc vacancy or unlc55 a ffsoluiion io rcappoini (he dirccior is put lo Ihc meclins und is1051. Board Meetlngs The board of dirceiors mci 4 iimcs during Ihe year aThl Ihere were Usuiilly 7 dircciors in aii¢ndancc. Thcse mcetings Inc1le a dirr¢iors meeling in Dcccmber 20?2 when Ihc March 2027 accounts were approv¢d. orrieer Bogrd Thcrc 15 also a smollcr Offi¢er Board, which consists of Ihc Chairp¢rson, Ihc Company 5¢creillry and Ihc Trca5urer. which is consiiiuicd by thc company and which mec15 whcncvcr required during ¢hc year. The oificcr Board would Usuully meci a couple of limcs cach y¢ar. The main rncciing of the orficer Board is thc meeiing 10 diKuss Dnd review Ihc rinancial slalcm¢nts for ihe year. Following on Irom ihis 01Ccr Board mceting Ihe full accounls ure prescnicd lo and opprovcd by Ihc full Board ol DiTeciors ai Ihc romptsny's AGM. Senlor Managemenl The Projccl Manager, llppoinicd by the Bourd, maDuges the duy lo (lay operniions of (hc organiglliion. To fJciliiaic errectivc opcralions, Ihe Managcr ha5 dclcgalc(l. auihorily for opcralional mthiiers including Ihc tspplicuiion and monitoring of slralcgic und operlliionlll objcciivcs. aiiends all board m¢¢lings nnd updalcs lh¢ diieclors on Ihc chari(y'5 currcnl financilll und opcra¢ionul position. AII GSAP projcrl slJrr report dircctly lo Ihe projeci managcr. Compliance wlih Soctor-lvide Loglslatlon and Stjndards Thc charily cng4ges pro-tsciivcly wilh legisllliion, sianddrd5 and codes which arc developcd for Ihc 5ecior in ihc UK lind Northern IrclJnd. The chllriiy 5ub5cribcs to lind 15 complionl wilh Ihc Companies Act ?006; Thc Choriiies SORP (FRS l O?) and thc Chwilics Aci (Northern Ireland) ?008. Heallh and Safety The chllrity cnsure5 Ihc wcll-being of ils employees, clicn15 and cu51omers Ihrough the strici Adhcrcncc lo hcalth and 54feiy 51andard5. Syslcms are in placc io ensurc thui Cmployees arc llwarc of and implcment Ihc charily's healih and Sllfety requircments. Employccs arc rcquircd lo work in u sufc manner as mandalcd by law and besi praeticc, Pug¢ 3
Greater Shantallow Area Partnership Limited (A company Ilmited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2023 Risk Management & Principol Risks ThL' direclots huve examined Ihc major slralcgic. bu5inc55 and opeTrlional risks whieh Ihc charity facc5 and confi5 Ihot Sy51ems have been esiablished io cnable ffgular reports to be produced so that the necessary gteps Can be taken io lessen Ihese risks. The principlll risk io Ihc charity is if 115 core funding was not rcnewcd by Dtc. The chaTity has c51abli5hed a risk man4g¢Tngnl process. which will ensure Ihat the organi5alion manuse5 mitigalc5 risk in linc with thc agrced risk of ihe orBllnisJtion. The chariiy rnainiains an Issucs log and Risk rcgisier whieh are reviewed rcgularly and acied upon by thc Board. Having primory r¢sponsibilily for risk monagemenl. Ihe Bourd rcgularly consider Ihc moin slralegio. bts5inc55 and opcr4tiona] risks fncin8 ihe charily. The dircclors confirni errcclive controls and reportin8 Systems ore in plllce io lessen ihese risks. Objectlves and 8Ctlvltles Thc company's objccls arc lo promote the benefil ofihe inhubiinnls of Ihc Greuler Shunlallow Area wiihoul dislinclion or gcndcr. racc or tM)lilie5Jl. Teligious or oiher opinions by udvancing e(lucoiion, relicving poverLy. preserving heolih und providing facililic$ in Ihc inlcrcs15 01 social wc1ra for r¢¢rcJlion and Ici5ur¢ lime occupaiion wilh Ihc objcci of improving Ihe conditions of life for ihe said inhabilanl5, Alms, Acllvltle5 & Publlc Beneflt Wc rcvicw our aims. objcctivcs and aClivi¢ics euch yellr. This review looks oi whlli we achieved und Ihe ouicomes of our work in ihe prcvious 12 monihs. The rcvicw looks ui Ihc success of each key aciiviiy and Ihe bcncfils thcy hllvc brought lo thosc groups of people wc arc scl up lo hclp. Thc rcvicw also hclp5 us cn5urc OUT uim, objcclivcs und aclivitics remuined focused on our slaled purposes. In scllinB our objeciivcs orKI planning our Dctivilics for ihc ycar Ihc Iru51ccs havc given careful considcraiion 10 Ihe Chariiy Commission (or Nl's guidan¢c on public b¢nefii lo ¢n5ure Ihai Ihe ciiviiics have hclpcd 10 achi¢v¢ th¢ ¢harily'S purposes and provide n bencfii io the bcneficiaries. To cffcclivcly dclivcr on our purpose Jnd meel our objeciives. GSAP curren(ly employed ?8 Sillrr (19 fLJll lime & 9 prt-liMe) and buy ift when required u rnngc of specialised scrvicc providcrs such us speech and lunguoge Ihcrapisi, counsellor5 and c5scnlial 5ki115 lulor5 and oiher indu51ry spccific luloT5 [IllIa10T$ whcncvcT Ihi5 15 nccc5S¢1ry 10 cnsurc ihc bcncfil is providcd lo our bcncficiarics. Thc iruslccs can eunfim Ihai Ihere ha5 been no hami flowing from its purposes. The focus of our work Our nwin objcclives for ihe yeor continue (o bc irnprovin ihc quality of lifc of rcsidcnls living within Ihe Grcolcr Shaniallow. Ouicr Norih and Bjllyarnell DE orco. Thc straiegies wc used lo mcel thcsc obj¢ctives includ¢d', Providing J broad rallgc of 5crviccs, prosrummcs and Jrliviii¢s to individuals, famili¢5 and communiiics wiihin lh¢ Grcalcr Shanlallow Arc4 lo help adi15 Ihc pr()blcms assoei41ed wilh living in poverty. lo help irnprove rc5idenl'5 hcalih ond well-being, to increase Ihcir skills Jnd quulificNiions and ovcrall improvc Iheir qualiiy of life; Focusing on inforn)ing. 5UPPOrting und 51Tengihcning Ihc cornmunilylvolunlilry 5cclor opcrdling in Ihc und Working in panncrship wilh oiher agcncic5 lo cslablish social. communily and cconomic improverncnls wiihin Ihc arcu, dcvclop ncw communiiy infrdslructurc and sccurc Ihc widcst rangc ol serviccs availllblc Ihai helps rncci ihc nccds of Ihc populalion. Clur aims fully rellcci Ihe purposes ihoi (he chorily wo5 sei up lo further. Who llre Ihc intcndcd b¢ncficiarics. Rc5idcn15 of all ogcs living wiihin Ihc Grcalcr Shanlullow l Oulcr Norih l Ballyarncli DE Aa Communilylvolunlary groups opcraling wiihin Ihc Grcalcr Shuntsllow l oUr North l Biilly&irncli DE Area, How Our Activities Deliver Public Benefit Puiting these Siraiegies into Ilclion IOT our iniended beneficillries. GSAP ha4 {3) three major arcus of uciivily undcr Ihc Ihcmc5 of 'A Learning Communily,. 'An Influenlial Communbty, and 'An Aciivc Cornrnunily. A Learning Community Providc capacily building. lechnical assistance in communily (levelopmenl and good governance llnd fjnancial tnloladvicc and support wilh fundinb? uppliealionsllenderundrajSirtb1 lo Communiiylvoluniary groups each year. Providc local. accessible, comprehensive personul developmcnt and irninin&> {fomiallin(orniall 10 rcsidcnis each ycar Train and supporl cxisling fron¢-linc workcr5 cach yC41T Page 4
Greater Shantallow Area Partnershlp Limited (A company limited by guarantee) Report of the trustees (Incorporating the directors, report) for the year ended 31 March 2023 An Intluenlal Community Organise an(Vor facililulc netwoikinB evcnl5 euch year with local residenis, govcrnmeni agcncics and communilylvoluniary groups und ll series of ponnership mcclings to advance the physical and social rcgcncruiion of the area, promolc social inclusion and mainiain linkages with key organi5alion, Annulllly, encouragc and support GSAP siArr & Direclors, local ¢ommtsnitylinterest groups ond residenis io seek ndlor mjiniain repre5eniaiion on communiiylvoluniary and staiuiory bodics al a slralcgic Icvcl. An Acllve Community Recruii. Irain and 5UPPOrt voluntccrs each yellr * Work wilh a rnngc o( puriners io aciivcly engagc resid¢nls in the life of Ihc community• irnprovc Ih¢ir qu4lily of lifc and sccurc inveslmcni io upgrddc cxi51ing and d¢velop new community ond social infrastructurclfacilities in ihe tsren. Throush projeci devclopmcnl. advicc. inTormlliion, support and lor projcet munagemeni PToiecV safeguard 10 exisiing iniegraied communily lcd. local serviccs and hclp dcvclop new inicb?rnicd community led l(Kal scrvice5 each year lo rncct ihc n¢¢ds Lif local residcnls and improvc Ihc MKiol. communily nnd cconomic wcll-bcing ofihc arca. Achievements and performance Fknancial Results Thc chariiy's rcsulis und finunciul posiiion for Ihc year cnded 31 Morch 2023 arc as slalcd in Ihc slalcmcnl or rinal] aciiviligs und blllunce shecl which are includcd in Ihis report. Achlevements during the year Thc main Jchievemen15 ond pcrfommncc of GSAP during ihe year ar¢ sci out bclow. Thc bcncfits wc dcmonstrllicd Ihrou&ih regular fccdback from individuals. (omilics, communitylvoluniary grtsups and service u5crs. We mcusure impacl using a rangc of tools (pre ond 51 qucslionaires. cxaminall0nlSt r¢sulis, Ouicome bL4ed Accouniobilily (OBA) rcpot1 C41rds. offi¢i41 government sill11icS cic.) and, if rcquircd. commissioned indepcndeni cvaluaiions of our serviccs. W¢ cngugc with servicc uscrs Ihrough ¢swblished forums and 51ceriTr8 gFOLlPS. Wc cvalualc all Program5 and make chonge5 upproprialc, bascd on participani feedback. Key Dnalylical summary poinis undcr coch ihcmc urc as follow5.' A LeArnlng Community 39 local communilylvulunlllry &vroups wcrc providc(J wilh cupa¢ity building and Icchnical ussislance in communily cvcloprneni and g(xxl goverDJncc, which hel lo build ihcir confidcncc, in¢r¢a5¢ their skills Jnd enhance iheir nbilily lo cffcct change for ihemselvcs and iheir community. In addilion, gmupg received finllneiul info llldvice Dnd support compl¢iing funding llpplicuiions, which cndbl¢d Ih¢m lo Icarn new skills in r¢lulion 10 fundraising und improve (heir bilily to acccss, 5ccurc, and manage addilional finllncilll resource5 crricicnily and cffcclivcly Ihu5 hclping Io susiain Ihcir aclivilicslscrvicc5. 63 existing front-line workers were piovidcd wilh Iraining and sUPPOrt in areas such us GLKXI Governoncc Training, Finunce for Non-Finoncial Munugcrs Training, Effcclivc MeeiinB Training, Barisio Trnining, Food Surely Tr4iining. Designllied Child PrCci10n Officcr Training, HOSpilitY Training, EPI Pen Training and Emergency Firsi Aid iraining eie. which enoblcd ihcm io build thcir knuwlcdLic und Skills, promolc g4xJd gov¢rnan¢¢, ¢ngag¢ b¢llcr wilh Ihc communilics Ihcy serve und conttibulc io community building inilialive5. l? Communilylvolunlary groups received lldvice. infornuiion and ongoing supEN)rt lo rcgi51cr us a chllrity wilh ihc Charity Commission and complete their online annual returns. Poge 5
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2023 A Learnlng Community contlnued 944 childrcn agcd O 10 3 yellrs panicipalcd in a range of early inierveniion programmes ihmughoui our Talking to Our Babic5 proBramme llmd 3?0 parenls ol ehildren aged O 10 3 years old participatcd in a rJnse of early inierventionlparenting support prograrnme5 with an additional 74 pJrenlslcArers complcling job speeific training such as Makuion, Auli5m Icv¢l ? & 3. Child Prolec¢iotL Paedialric Firsi Aid. 135 parcnlslcarers Jnd 135 children ond young people complcied our 8 week Families Connccl progrnrn, Fa. 376 residcntS Pllrticipaicd in ihe GSAP Ski115 North West programme completing 240 educalional qualificlliions in COUfse5 such as Fir51 Aid, Mental Heolih First Aid. CSR. Food Hygiene, COSHH. Infection Conirol, Working ai Heighis. Food safcly, MJnual handling. Forklili induclion. Abrnsive Whccls. H & S in Catering ond a rangc of sof¢ skill se55ions. In addiiion, 47 parlicipAnls gaiTJcd employmenl as a r¢sult of pllrticipaiion on ihc Skills North Wcsi Prograrnm¢. GSAP compleied 4 cross communityl good rclaiions ouirco¢h progrummcs during ihc y¢ur. The "Living ui Home" Conneciions is an inicTgcncraiional projccl aimcd al bFinging the oldcr and younger generations closer. 100 oldcr partic¢pan15 crc provider with nn Ipad and lh¢ intemet as n Means of comrnunicuiion wilh thc ouisi(Ic world. Tcach Na Failte ideniified 40 participunls for ¢heir ouircach programme whcre thcy addrcss ihc cau5 and consequences of "The Troubles" faciliia(ing n serics of sludy visi15 and WOTkshops uddressing i55ucs of idtntity und shllred hisiory. With Ihc Fulurc Tcch Fesiivul, l(K)O young pcoplc aiiended our onc day digilal and iechnology focu5cd cvcnl in Shanidllow Communily Ccntrc, which was orgoniscd by GSAP slaff. Through thc Travcllcr Support prujeLI GSAP facililalcd Ihc dclivcry of ll Trnvellcr Supporl Inilialive in thc Ouicr NorthlBallyarneti DE arcu during ihe ?O??J?3 ycar. GSAP provides ongoing support infrasiruciurc, Icchni¢al assislancc and a(Ivicc lo a WHSCT employee based in Ihc GSAP orriccs oi Nonhside. and Ihc Hcurt of thc Community festival al Si Brigids Collcgc which was uiicndcd by 738 ILKal pcoplc, Tesidenis ond fricnd5 of Si Brigids Collcge. Puge 6
Greater Shantsllow Area Partnership Limited (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2023 An Influential Community ciworking ¢venis were orguniscd andlor fllcilitllied by GSAP which cnablcd loeal groupslresidenis io .share knowledge. skills, ond resourees and strenglhcn and build new rclaiion5hips. including a visit lo GSAP by Dcirdre Hargey, DFC Minisicr. on 14 Junc ?02? This nciworking evcnt was opportunily for Ihe Minisier lo meet with GSAP5 5¢nior munagemenl lea thc Family Support ieam und oiher local supporl 5CTViCCS to discuss supports for local residents. purticularly posi Covid supports and the curreni cosi of living crisis. The di5CUS5ions a150 cOvcd Ihc Communiiy Wealih Building5 concepl and vision, Thcrc wa5 u150 ll NIO Office visil by Pcmiancni Secrctory Sh&ilesh Vara on 18 Auguu5120?? who mel wilh mcmbcrs of the GSAP Bonrd ond scnior managcmenl lo discuss fuiure plans nd hc4r aboui the ongoing work of GSAP us a communiiy suppori agency. Follow up mcciings are lo bc UngcJ wilh the NIO. The Fuiure T¢¢h evcnl. held al Shantallow Communily Centre on 16 Seplember 2022. was planned und organised by GSAP slaff and was &tlended by Tr range of primary und posi primllry schools. Employers and trnining providers who aiicndcd included Ulster Universiiy. NWRC, Seagalc Manchcsicr Uniied Foundation, GSCA. Ihe Ncrve Cenire All Sialc and a rnnge of local digilal Jnd lechnology enlreprencur5. Rcgarding Ihc Bix)mhalll Foylc Riverscapc Iherc hllve been ongoing di5CU55ions and support for ihe Boomhall Trusl relating 10 ihe redevelopmeni of Boomholl and Ihe surroundin8 orea. including wilh a communiiy survey Jnd business plan. Thcrc have also bccn diKussionb wilh Ihc Foyle River Gordcns Projecl. Culmorc Communily Partnership und oihcr community scclor inieresis regarding Boom Hall. Ongoing nciworking with Dcrry Children & Young People Localiiy Planning (Western Arcas Ouicomes Group). who tsre workin8 closcly wilh Suvc The Children 10 sccurc funding lo hclp support familics duc lo Ihc c051 of living crisis. Funding for Ihis 15 51111 lo bc agrccd. GSAP ha5 also been involved in a scries of cngagcmcnls wilh ihe Food Povcrty Piirln¢rship within DC & SD Council areu io (Jckle ongoing [d povcriy issucs ocross Ihe cily. Ongoing nclworking wilh Ouier Nonh NR Partncrship, DC & SD Council and a range of local providcr.4. including On Sirccl Community Youth IniiirliVC, Skeoge Communily Associulion, CuIrno Community Partnership. Shunliillow Youih Inicrvenlion Group Galliagh Residen1.£ As50cia(ion and Ruinbuw Child & Family Ccnire, 10 sccurc a rang¢ of funding opportunilics. including u £15K conscnsual grant for 20?J? ?3 10 un(Icry)in communiiy scrvi¢¢s in Ihe new Galliogh Communily Cenire. Also sccurcd apprax, £16K or runding undcr ihc Food & E5senii41 iiems Trnnsiiion fund for ?O??J?3 10 dclivcr a serics or rood poverty pro8rnmnws. GSAP hlls D5sumed Ihe lead rolc for Ihcse ? progiammcs. GSAP hus also becn involved in on&ioing discussions wilh o roDge of local 5POrt5 club5 lo advancc pil¢h dcvclopmeni proposals ond pol¢nlial winler Iraining fucililic5 link¢d lo Dcrry GAA Counly Boiir(l and lo Ihc re-developmeni of Si Brigid5 College. Encouruged and supported GSAP sialf & DirL'Llurs. IULUI Lommuniiyfinicrcsi groups nd rcsidcnls 10 Seek andlor mllinioin rcprcscnlalion L)n 13 ciiy wide bo(lics Ihul op¢rule ut o slrlllcgic Icvel. including Skills Nurth Wcsl Employmcni Support Inilitsiivc, Nll.IE HousiT)g Cornmunily Neiwork. Fllmily Suppon l.lubs (HSCB). DC & SDC Community Planning Trnnsiiionlll Panncfship, DENI I DOJ Wrllp Around Educational Suppori Project. SkeoEe Land5 Siccring Group. Gullijgh New Build Siccring Group, WHSCT Locali(y Planning Group, North Wesl Communiiy Nelwork. Enlcrpri5c North Wcsi. Blly Rood Siecring Group, Ncighlx)urhood Helllih Improvemeni Projeci INHIP) llnd Foyle Women's Infornialion Neiwork. GSAP organi5cd Dndlor fuciliiuied th scries of parinership mcciings, % projeci ideos wilh 15+ mcctings utiended, 10 advance physical and sociul rcgcneralion of (hc arcu and lo promolc nd mainiuin linkjges wilh kcy orguni5411ions. An Actlve Community 565 volunlccrs wcrc fccfuiicd, trained llnd supporlcd lo partieipaie in communiiy dcveloprncnl work. cvcnls and progrnmmes wiihin Ihc Grcaier Shanillllow Area. Provided ongoing infornjntion ttnd lldvice io ovcr 3Y communilylyolunlary groups Ihrough clcctronic ncwsnushcs, GSAP racebook, Skills North Wc51 fuceiKJok-, TulkinB lo Our Babics faccbook. FfHOS family suppori facel)ook and ASPIRE fuc¢book. 8 communiiylvolunw groups received assisMncc in complcting 48 ACCESS Nl chccks Ihrough GSAP us Part of the rccruiimcni proccss lor siaff and volunicefs. Pago 7
Greater Shantallow Area Partnership Llmited (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2023 Local Project Hlghllghts GSAP during ihc ycar conlinucd lo prolccl l ? existing local inlegraled loral scrvices managed by GSAP. including the Ouier North Community Support Projc¢i undertakcn by 3 siafi members . Ihe seeretariat of ihe Ouier Nonh Ncighbourhood Rencwal Portnership undertaken by l 5tsiff mcmbcr. Ihe Shanlallow Fafflily Support Hub (ETHOS) underLiken by 2.5 sloff member5, Ihc Grcal¢r Shmnlallow Tlllking To Our Babie5 Projccl undertAken by l slurr m¢mbcr. Ihe ASPIRE Programmc undcrtaken by l siaff membcr, Ihe GSAP Skills North Wesi progrtsmmc underlllken by ? siaff mcmbcrs: Ihc Grcaicr Shaniallow Exicndcd Schijols Progrnmme 20? J? 13 runded Ihrough lh¢ EA exiended 5cknools progrnmme, Ihe Oulcr North Fnmilies Conneci Projccl undertttken by l FTE slaff member. Ihe Grcalcr Shanlallow Foodbllnk. the new Skcog¢ Communiiy Hub lli Cion Daro in purtncrship wilh APEX und thc Big Loiiery 13 stnlf & I FTE swff. 3 sillff employed Ihrough Ihe Dfc Job Silln Scheme on 6-9 month work placcmenls). the cmploymcni or ? vrE sla(r 05 plily park ollcndanls. Ihe DENI Wrap Amund Educaiion Support pro&trrnmme Icud by DENI and funded through ihe DOJ Tackling Paramilitllrism pmgrumme. Loe81 Project Hlghllghts conllnued GSAP during thc financial ycar iilso continued the dcvclopmcnt of 3 new inicgraied eommuniiy led local serviccs. including The Calaly51 Project lineorporniing SAFE. STAR and Cnle Links) and based ui Ihc ncw Skcogc Community Hub. managcd by GSAP und funded by Ihe Big Loiiery for 4 year5 from Scplcmbcr 10?1; Ihc DENI WRAP Piloi Edu¢&iion Support PTogrammc 102?J13 10 support Ihe delivery of 5 kcy projcc15. including ihe Family Lellrning Inierveniion Progrummc, Mini Qucsting Iniiilliivc, RainiM)w L¢arning Htsb, Prc.employmcni & educaiion progrnmm¢ und Ihc Youih Opponuniii¢$ & Community Invcsimcni programme. all malged by GSAP and with additional funding secured for ?0?31?4 Jn(I (he Bollyarneit & Communily Regeneraiion Iniiinlive. After securing funding. GSAP has been able lo parlncr wilh Shaniullow Community Rcsiilcnis Associaiion 10 deliver a local (amily based early inlcrvcnlion progrummc. The funding SeCred cmabl¢d GSAP 10 cmploy a farnily SUPPDrt worker lo ensnge spccifically wilh locnl ramilics Tcfcrrcd on lo Ihi5 progr4mme. Fundin8 was sccurcd for the lo1? 3 ycnr llnd lldditional funding lor Ihc 20?31?4 year hus bccn sceured 10 coniinue ihc proErdmm¢. Local servlces provlded Arnong ihe sland out rcsu115 for ?O??1?3 derived fiom ihc inlcgralcd local gervie¢s ineludcd: 355 adults und ?19 childrcnlyoun& p¢oplc) werc abl¢ lo uccess inicrvcnlionlircalrnenl services through the family support hub, and 88 of Ihosc young peoplc were ublc io ac¢css specillltsl support lo addrcs5 Ihcir nccds. During Ihc reporting p¢riod the Family Support Hub mÈidc 929 outgoing referruls 10 95 locnl providcrs. inlcrvcniions und support scrvicc5. 472 Yenr 8 pupils, accross ? aclldcmic yem, Qllcnding Si Brigid's Collcge in Seoembcr ?0?? Dccessed a runge or peTsona1150cial (Icvclopm¢ni and healih prosrammc5 Èind rcsource packs 192 local residenis participaied in hcalihy lifc&lylc progriimmes such as Tui Chi, Chair Acrobics, walking Club, pcrsonal dcvelopmcnl, Swimmin& Minding progrnrnme, Restore Nutrition. Ouidoor Bool camp. Yogll elc ihus rcdu¢ing social i.solalion and improvins iheir ovcrall healih and wcll-bcing. 801 young pcoplc allcnding local schools accesse(l a range of exlct)dL'd school prograllc5 and 5CTVi£C5 such u$ eoun5elling. spcech Ihcrnpy, Duidoor cnvironmcnlnl cducalion programmes and liieracy and numerocy luilior) clc. 4*9 food (weck supply) pllrccls donaicd by Ihc four lo¢ul Churches were disiribuicd by GSAP 10 families in nec across lh¢ Area ihus helping io reduce ihc impaci ol povcrty ond improve Ihcir quality of lif¢. FSn8nciHI revlew FlnanclAI Review The rcsults of thc findincial year arc scl oui in ¢hc Siulemenl of Financial Aclivilic5 und uddi(ional n(Mes are provided in Ihg 4ccoun15 showing income and cKpendiiure in greaicr deiail. During Ihc ycar ende(J 31 March 20?3 ihe chariiy had tolal income of £9?0.008 (?0?2:£850,016> llnd costs of £894.373 1?0??:£849.018) rcsuliing in D surplus of L?5.635 12022..£998) for lh¢ ycar. Extended SchooLs During the ycor ended 31 Miirch ?0?3 the ehariiy again managcd ihc Exicndcd schools programme for J clu%ier of schools in ihe arcJ. The Exicndcd 5choo15 prOgraMn &>¢¢)crJicd income of £64.747 (20??..£6?.893) imd inLurTe projcci cos15 of £56,019 1?0??:£55.013). Thc chDrily's rnanagemenl of ihc Exiendcd School4 programme 8ener4ied an unjrslricled Surplus of £6,8(A) which wcni iowards meciing the chllriiy's unfunded opcruling co.4is. As at 31 March 2023 dcbiors include a balance of£46,003 rclaiing lo cxlcndcd schoo15 clui¥ns owcd. PllEe 8
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2023 Soclal Cgpital { North Wesl) CIC The year cndcd 31 March 10?3 fiudnciul 51ulemenls include u donlliion of £0 {!O??:£OI lo the ehariiy from Soeithl Capi¢al (North West) CIC. Ihe trading company that 1¢ owns and operdies. As ai 31 Murch 20?3 dcbior5 includc fA,3?8 owed by Social Capithl (North Wesi) CIC. Derry Clly & Strabane Dtstrlct Councll Fundlng The year endcd 31 March 20?3 Count5 includc granl incomc of £58.113 {?0??:L79.?70) from the Disiricl Council. The main grants Tcccivcd from ¢ounLiI includcd aproximaiely £15,0(MJ under Ihc consenguthl fund, £ l?,IKM) undcr the venuc rund and £16.000 under the transiiyion fund. Thc a¢counis includc £46,551 of malching expcndilurc Tclaling lo Ihe vurious programmc5 funded through (h¢ DisiTicI Council. As al 31 March ?0?3 currcnl o5sets include L?8.854 of granis owed by Ihc council. Department for Communltles funding The financial sialcments include £440,977 (?02?:£477,4?8) of grnni income frorn the Dfc during ihc ycar. This grani incomc is rnalchcd wilh Ihc wagc5 and overhead costs for (he differeni projecis opcralcd by Ihc chllriiy Ihlll Dfc rund5, As ui 31 March ?0?3 dcbiors include £15,030 {20??:£26.116) of grani claims duc (rom Dfc while dcfcrrcd income in curreni liabililics ineludcs £18,979 (?022:£10.147) of DIE 8ranls Tcrgived in ndvllncc. The Cathlyst Project - Blg Lottery Funded The yellr endcd 31 March 20?3 financilll .siaicmenl8 includc £117.947 of grant income from BIB Lollcry logcihcr wilh Ihe rclaicd maichins expcndilurc for Ihc Cllilllysl Projecl which opcralcs from ihc Skcogc Communiiy Hub. This funding slartcd in Sepiembcr ?0? l and is lo njn for 4 years. As al 31 March ?073 currcni liabiliiic8 include dcfcrred incomc of £53.229 reltsiing 10 ihc Big Lotiery grani rcccived in lldvoncc. The dcfcrrcd in¢omL' llnd rLl&ied mJichinB expcndi(UTC will bc rcCognid in Ihc .%ub.Icqucnl financial %laiements. Golng Concern The vurious Dfc funding wus again rcnewed for nnoiher year lo 31 March 20?4 ttnd (hc board orc confidcni Ihoi they will conlinue io bc owardcd ncw funding llnd us such havc no LunLCrnS wilh rcgafds 10 Ihc going.conccrn sllllu5 or Ihc chttrily. Howcvcr thc charity's ubiliiy io coniinuc os a going-conccrn 15 (Icpcnd¢nl on continuing lo receive corc lunding. Should lh¢ charily nol Bel il's corc fundins renewed li would bc highly likely ihlli li would noi be ablc lo conlinuc and thg going-concern basis for prcpuring Ihc occounis would no lonLier bc uppropriaic, li is currcnily Cxpeclcd thai ihc variouq funding will conlinuc Iv bc fflailc available 10 lh¢ charity such ihc Boing"¢onccrn basis remains oppropriulc in prcpilrillB ihc financilll 5talcmenls. Reserve5 Pollcy li is Ihc policy of Ihc clwrily 10 5cck lo mairtithin liquid (und5 at a Icvcl ihai would cnable li 10 op¢ralc for 4 rcasonublc pcriod should funding bc rcduccd or sioppcd. Thc chariiy's aim is lo build up Ihc Unrcslri¢l¢d Funds Gencrol Rcscrvc lo provide for fuiurc cosls und conlingcncic5 Ihat would arise in Ihe evenl Ihai funding was reduced or slopd so as lo ollow for thc orderly winding up of ihc chariiy. Any funds generaied ihrough projects organiscd by the chari(y arc used lo covcr non-funded operaiing cosis und wagcs. Thc chllrily's Unrcs(riclc(t runds balance DL 31 March ?0?3 stood at £ 151.766. Thi5 rcprcscnts unrcsirieied funds availablc lo the charily lo eover boih ongoing unlundcd cosis and would also bc availablc lo mccl Losts in Ihc cvcnl ihJl Ihe chariiy was 10 lose ILS core funding il the board nccdcd lo cffcci Ihc ord¢rly winding up of the charity. The c0515 lo be covcrcd in ihis siluiilion would illcluit¢ all unfunded redundancy and oiher overhelld cosis io bc incurrcd during thui period. Trnnsaetlons Involvlng Trustees Any contracis cntercd inlo by thc chtiriiy during ihc ycar where Iruslccs had any inlcrc5l5 are lls deiailed in ihe Relalcd Parties n¢xe in Ihe financial stalcmcnl5. Page 9
Greater Shantallow Area Partnership LimSted (A company limited by guarantee) Report of the trustees (incorporating the directors, report) ror the year ended 31 March 2023 Events gfter the Balance Sheet Dalo l} The chllriiy Cx¢t9 to complclc thc purchas¢ its current rented pr¢mises lli Nonhside Villagc Centre in lthte ?023 or early 20?A. In Jddilion lo Ihc prcvious donation of £lOO.ow from the Northside D¢v¢lopmcni Trust, which is rurrcntly being carried in deferred income, the charily has sccured a(l(Jiiionul funding from Ihc Deparlmeni for Levcllin8 Up, Housing and Communilics. a loan from Communily Finance IrelJnd os well as ils own unrestricied funds in order lo bc ablc lo complclc purcha5c of 115 orriccs. Th¢ building Jcquisition logcihcr wilh the rela1 funds lo finance Ihe purcha5c will bc rcllecied in the Mtsrch ?0?4 financial 51alcmcnlS, 2) Alicr Ihc yellr end Ihc churily involved in the prcparalion und submission of rcvised proposals for ihc rcdcvclopmcnl of Boom Hall lo polcnlial funders. The charitys bourd urc ho(U1 Ihat Ihero will be furth¢r devclopmenls with Ihis polcnlial projeci in ihc ¢urreni finoncial ycar. 31 Thc 4 year funding appliclllion to thc Naliunal Lotlery Cornmunily Fund for ihc Skcogc Hub projcci, approvcd in Jun¢ ?021 nnd omounling lo llpproximatcly £478K. siancd io bc drawn down in S¢pwmbcr 20? l and Ihc Mar¢h ?0?3 a¢counts include a full year's figurcs rclaling io Ihc motching income and cxpendilure for ihc projccl. Thc income tsnd maiehing expendi(ur¢ for Ihc rcmaining ?.5 ycar5 of Ihc project will be rccogniscd in fuiurc pcriods a¢couniS as the projccl coniinucs. Plans for future perlods In fulurc financial ycars GSAP will conlinue lo develop rclalion$hips with key ogcncics rcsponsiblc for dclivcring scrviccs wiihin Ihc arca und work with local residcnis. local orEanisations, schools, community groups und sliilulory IIB¢ncics lo dcvelop posilivc chungcs in Ihc qualiiy of life of disodvunlagcd famili and neighbourhoS Ihus ensuring comprehcnsivc social Inclusion. GSAP sinff and Ihc oard of Direciors will work hArd 10 rcmain a¢ lh¢ dcnire of local devclopm¢nl. This will bc achieved by working cvcn TN)rc c105cly wilh locthl residcnis and ¢ommunily & volunlary 8roupsin ihe llrea. remaining ac¢ively involv¢d in Ihc dclivcry of Ihc new Bnllyorncll Communiiy Plun, the Derry Ciiy & Sirabune Disirici Council Arcil S¢ral¢gic Growth Plan and the delivery of Ihc Outer North Rcgcncralion Plan. conlinuou51y idcntifying the nccd and p[118 forwar(1 sound euscs for inveslmenl ond grasping opporlunilies thot moy orisc from new govcrnmeni policie5 and ini(iaiiv¢s such as Ihc Ciiy Dcal. Durins the March 2024 financiul year GSAP expccis 10 sccur¢ ownership o( ils currcnily rcnied prcmises oi Nonhside Villtsgc Cenir¢, llnd spccificully lh¢ Communiiy Building al Northside. In Dddilion lo Ihc £l(XJ,000 building fund donalion previously providcd by the Northsidc Dcvclopmcni Trust, tk chorily hus securcd furihcr lundins from ihc Deparlmen¢ for Lcvelling Up. Housing nnd Communiii¢s logeiher wilh il loun from Communily Financc Irclttnd as well as it's own funds und cxpccls lo complclc Ihc purch1¢ of ihe premiscs in14le 20?3 or corly ?0?4. As al 31 Mtsrch 20?3 thc North5idc Trus1 donlltion of £iuo.000 conlinues 10 bc Ircaicd J5 DcfeTred Incomc but should bc reco8niscd in the March ?024 ycur oncc the prcmiscs Purchase is eomplcied. Thc churiiy is a150 hoptrful Ihul iheTC will bc progress in Ihc coming year wilh regard% io progrcssing ihc pluns and proposnls for Ihc rcseneralion of Boom Hall. Statement as to di¥elosure of IDforn]Y4tion to ¥dudltor5 In so fur a5 Ihc Inistecs are aware: Ihcrc 15 no ff Icyuni audii inlonDation of which thc charitable company's ouijilors are unnwjre; and thc Iru5tees hllve illken all sicps (hal ihey oughi io havc iakLn lo rnakc IhcllLSclvcs aware of tY rclcvant audit inlomalion Mn(S 10 establish Ihut Ihc uudilor5 uie awarc of ihlll infommiion. Pugc 10
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Report of the trustees (Incorporating the directors. report) ror the year ended 31 March 2023 Statement of trustees, responslbllltles Thc irusiees (who arc also dtreciors of Grellier ShanialSow Arca Partncrship Limiicd for thc purpose of company law) are rcsponsiblc for prcpaTing Ihc Truslcc5' Rcport and ihc financiAI Stamen1S in occordance wilh applicablc law and Uniied Kinsdom Genernlly Acceplcd Ac¢ounling Practice. Compllny law und Lhe Charilies Acl (Nl) ?008 rcquire ihe Iruslees lo prepllre finjnciul Slut¢m¢nls for Clich finnnciul y¢ar which givc a ttue and fair vicw ol Ihc sthie ol affairs of ihc chnriiable compllny llnd of (he incoming rcsourccs ond appliealion of resourccs. including ihe income und Lxpendilur¢. uf lh¢ rharilablc company lor thui period. In preparing Ihese financial sialcmcn15, Ihc iNsiees are required io: seleci suilablc accounling policies and Ihen apply Ihcm consisienily: observe Ihe mcihods and principles in ihc ChariLies SORP; makc judscmcnts and csiimllie5 Ihul orL' rcusonllble dnd pd¢n1. lal¢ whcihcr applicdiblc UK Accounling Sthndnrds hav¢ b¢cn followed. subjcci 10 any mthicrilll deporturcs discl0.scil and cxplained in ihe finllncial siolemenis; and prepiirc ihe financial silliemenis on ihe 8oing con¢crn basis unlc.ss il is inappropriale Éo prcsumc thai Ihc chariitsblc company will coniinuc in opcraiion. Thc iruslcc5 arc rc5ponsiblc for kccping pffoper uccouniing rccords which disclosc with reasonablc ucouracy al any limc Ihc financial position of Ihc chariillblc company and which cnablc ihcm 10 ensure Ih41 Ihc financial stalcmcnls comply wilh the Cumpanics (Northcm Irelund) Ordcr 1986. They nrc olso rcsponsiblc for sofcgullrding Ihc llss¢is of Ihc churitllblc compthny und hcncc for laking rcusotuble slcps for the prevcnlion and dcleclion of frnud and oihcr irrcgulorliies. PaLie I I
Greater Shantallow Area Partnership Llmited (A company limited by guarantee) Report of the trustees (incorporating the direclors, report) for the year ended 31 March 2023 Audltors Shaun McGinty & Co {sluI0ry Audilor) Jre deemed io bc rcappoinied in accordance wilh Section 487(?) of thc Companics Aet ?{K. On bchaif of Ihe botsrd Cath81 McC9uley Secretllry Peter McDonald Director rtin Connolly Dlrector 15 December 2023 Page l?
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Independent auditor's report lo the trustees of Greater Shantallow Area Partnership Limited Report on the vaudit of the financial slatements Opinlon Wc havc audiied ihe financial staiemenis of Grealer Shaninllow Arca Parfncrship Limitcd for ihc ycar ended 31 March ?0?3 which compris¢ Ihc Stalernenl of Financial Aclivilies. thc Balanee Sheet, Ihe Cash Flow Sthicmeni und Ihe relaied note5 lo ihe financial Sialennts. including A summary of significant accouniing policies set oul in nolc l. Th¢ finunciol reporting framework thai has bccn applicd in their preparation is applicablc Northern Ireland law and FRS I O? "The Finllncial Reporting Slundard opplicablc in ihe Uniied Kinsdom and Republic of ircland" and Ihc Accounling and Rcporling by Charities: Siaiemeni of Recommended Praciicc (Chllrilics SORP) applicable to charilics preparins iheir llccounis in occordance wilh FRS 10? In our opinion (h¢ financiol slalcmcn(S: give th irue ttnd fair view of ihc assels. liabilitiesund financial posiiion of ihe Chanb]e compttny's ttffnirs as ai 31 Murch ?023 und of it5 incoming rcsources ond applicalion of resources, including its income and cxpcndiiurc, for ihe ycar Ihen cnded.. havc bcen properly prepared in uccor(lau¢¢ wilh FRS 10? hThc Finaneittl Reporting Siandllrd opplicablc in Ihc UK nd Republic of Ircljnd" Us applicd with regllrds io ihc Charalics SORP: and huvc becn properly prepared in accordance wilh ihc rcquiremenis of Ihe Companies Acl 2(K)6. Basis of oplnlon We conduclcd our lludii in occordance wilh Inicmaiionul $14]ndaTds on Auditing (UK) IISA8 UK) an(1 applicable lllw. Our rcsponsibilitics under Ih05e slundoTd5 urc furih¢r dcscribcd in Ihc Audilor's responsibilitics for Ihc audii of Ihc rinancial slalemcn15 5eclion ofour rcpori. Wc arc indcpendent of ihc charily in accordance wilh eihical requircmcn15 Ihal arc T¢lcvanÉ lo our audil or rinllnciol siJlcmcn(s in the UK and North¢rn Jrelllnd. including ih¢ FRC'S Eihiclll Siondard for Auditors, an(1 wc hav¢ fulfilled our olr eihiclll rcsponsibililics in UCLordancc wilh ihcsc rcquiremenis. We bclicvc Ihal Ihe uudii evid¢n¢c we hllvc obiaincd is surricient and appropriaic 10 provid¢ a ba515 for our opinion. Wc hav¢ und¢riJken the oudil in accordance wilh ihc rcquircmenis of APB Eihical Siandord5 including APB Eihical Siandard - Provisions Available lor Small Eniiiie5. in the circumslanc¢5 5Ct out bclow: In common wilh many (Aher busincssc5 of our sizc und naire wc usc our Audiiors 10 prcpJre llnd submil rclurn5 lo (he lux auihorilics and assisi wilh Ihc prep[all0ft of Ihc finuncial 51&tcmcnls. Coneluslons rclatlng to golng concern We huvc noihing lo r¢port in rcspcc( ol thc following mailers in rclaiion 10 which ISA (UK) requiTe us lo rcport lo you where: Ihe irusiees use of Ihc going conccrn basis of accounting in Ihc prcparnlion of Ihe finllncial siolcmcnis is noi approprialc; or lh¢ Iruslcc5 havc nol (li5¢1osed in Ihc finunciiil slalcmcnis any idcniificd maieriul uncertuiniics ihal may cnsi 5ignifican( doubi uboul Ihc churily's llbiliiy io coniinuc lo adopl thc going roncern basis of accounling for a period of al lellsi twelve monihs from ihc dale whcn Ihc finuncial slntemenls arc authorised for issuc. Other informatlon Thc InJsiee5 are rcsponsiblc for ihe other inforniJiion. Thc othLr informution Gomprisc5 (he infonnation included in Ihc annual report othcr ihan Ihc fbnanciul 51ulcmcnls and our Audiior's Report Ihereon. Our opinion on the finfincial 51ale(S docs not covcr ihe other infornulion and. excepi io ihc exlcni oiherwisc expliciily slaied in our report, wc do nol express Jny forni of llssurancc conclusion thcTeon. Page 13
Greater Shantallow Area Partnershlp Limited {A company limiled by guarantee) In eonneciion with our audil of Ihe flnancial sthtemenls, our rcspon5ibili¢y IS to read thc oihcr infomiaiion and. in doing so, considcr whether the oiher infomation is maierially ineonsisient wilh the financial slalemenis or our knowledge obiained in the audii, or oihcTwise appears lo be malcrilllly mi551alcd. If w¢ identify Such rnolerial inconsisiencies or ppmreni mllierial rnisslalcrnents, wc required ¢0 dcicrmine whcih¢r there is a maicrial misslalement in Ihc financial 51ulctTKn15 or a mJlcrial mi5Stalcm¢ni of the other information. Ir, based on the work wc havc pcrformcd. we conclude Ihcrc 15 a material missioiemcnt of this oiher informulion. wc ure rcquircd lo r¢pon that facl. Wc hove noihing io TCPOrt in Ihi5 rcgard. Oplnlons on other matter prescrlbed by the Companles Act 2006 Bused solcly on Ihc work undenllken in (he course of ihe audii, we rcporl Ihal: In our opinion. Ihe information giv¢n in Ihc Truslecs, Rcport is consistent wilh Ihc financial silltemeni5. In our oplnion. Ihe Ts(cC$. Report has bccn prcparcd in uccordancc wilh Ihc requircmenls of the Companies Acl 2006. Wt have obiAincd all Ih¢ infomuilon and Cxplllnlllions which wc consiJ¢r neccssllry for Ihc pury>osc of our audii, In our opinion, the occounling recor(Is of ih¢ churity wcrc sufficicnt lo p¢mii ihe financial sialcmcnis io be readily and propcrly audiicd, and Ihc financial slulcm¢nlS lire in agrcemcnl wilh thc aecouniing records. Matters on which we are required to report by exceptlon Ba5cd on ihe knowledse and understanding of lh¢ chariiy iis cnvironmcni obtllincd in thc COUT5C of the audil. wc huve not idcntified any molerial missiaicmcnts in Ihc Truslecs, Rcport. We have noihing to Teport in rcspccl of the following mallcr5 where the Companics Acl 2006 requircs us 10 r¢port lo you if. in our opinion: adequulc uccounling record5 hdvc nol been kcpi or rciurns odcquaie for our audii havc no( bccn received from bronchcs not visiied by us; or Ihc finuncial sluiemenis ore noi in ugrecmeni wilh Ihc ac¢nuniing rccords und rclurn5: or ccrlnin di5c105urc5 of Iruslccs, rcmuncration specified by law arc not madc; or wc hove not reccived all Ihc inforninlion and cxplthnlltions we rcquirc for our oudii: or the (ruslces, wcrc nol eniiiled 10 prcpare Ihc financinl siaicmcnis in uccordance wilh Ihc small companie.4 rcgirnc take advonwgc of the smull compani¢s excmption in prcpurinB Ihc Trustees, Annunl Rcport. Respectlve responsibilllles Respective responslbllltie5 of the trustees As explained more fully in Ihe Trusiecs, Rcsponsibililics Siuiemcni sei oui in Ihc Trusiecs. Rcporl. Ihc Irusiccs, (who arc also dircciors for (he purposcs of compuny luwl are responsible for Ihc prcpaTation of ih¢ financijl siniemenls and for being saiisfied Ihlll Ihcy givc a Iruc and fuir view. und for such iniernal control as ihcy dcterniinc is ncccssary 10 cnablc (hc prcpar4lion of financiul 5th1cmenLS thai nre frcc from mlllcrial missiaicmcnis. wh¢iher Iluc lo friiud or ¢m)r. In preparing ihc financial siaicments, Ihe IrustS llre rcsponsiblc for a55¢55ing (he chariiy's ability lo eoniinue lls a going conLcrn. disclosing. us upplicablc, matlcr5 relllied to going conccrn und uging ihe going concL'rn bllsis ol acrontIng unlc55 managemeni eiihcr inicni55 10 liquidaic Ihe charity or io L'ease upcrutions, or no rcalislic aliernaliv¢ bui io (lo so. Audltors's PonsIbIlItIeS for the audit of the flnanclal 51alements Our objeciivcs are 10 obiain reasonablc as5urnnce about wh¢iher Ihc finonciThl slalcmcn15 Js a whole arc Ircc from malLYiuI mi55talcmcnl, whciher due io fraud or error, and 10 issue an AudiioT'S Rcport Ihal includc5 our opinion. Reusonable assurance is o high Icvcl ol assurancc, bu( is noi th guuranlec IhJt an audil conduclcd in aecordance wi(h ISAS (UK) will always dclcci a malcrial mis51alcmcnl when it exisLs. Mi55talcmcnLs ean arise from fraud or error arc con5idcred mulvial if. individually or in (he aggrcBaie. Ihey could rcasonably bc expecied io influcncc the economi¢ dccisions of users iuken on Ihc basis ol thes¢ financilll s(aicmenis. A4 part of on audii in accordunce wilh ISAS (UKI, wc cxcrcise professional judgcmcnl and mainiain prolcs5ionul 5ccpIicism ihroughout Ihc audit. Wc also: idcT]lify and llssess Ihc risk.s of malcrial mi551aiemeni ofihe financiul stulcmcnis. whcther du¢ lo Iraud or error,d¢sign and perforni audii proccdures rcspon51vc lo ihosc risk's, and obtain audil cvidencc Ihal 15 5ufficieni and appropriaie io PTovidc a basis for our opinion. The risk of nol dclccling J maierial misslalcmcn( resulting from fraud is highcr Ihan for onc resulting from crror. as fraud mtsy involvc collusion. forgery, inientional ornissions, mi&rcprc5¢nlDlions. or ihe ovcrride ol internal conirol4. Page 14
Greater Shant2llow Area Partnership Limited (A company limited by guarantee) Obthin an undcr51aT)Jing of inlcmal conirol rclcvanl to ihc audit in ordcr to dcsign procedures Ihal are appropriaie in the circum51anccs. bui noi for Ih¢ pulp0 of ¢xprcs5ing on opinion on ihe crreciivene5s of ihe intern41 ¢oniTOI. Evttluaie Ihe appropriaieness of accounting policies uscd and Ihe rca50nableness of accounlin8 eslimaics and relal¢d disclosures made by the trustces, Concludc on Ihe appropriai¢ness of Ihc dircctors usc of Ihc going conccrn basis ol accounting and, based on ihe audit evidcncc obiained. whe11r a malerial unccrtainty eX1515 rclulcd lo cycnis or condilions that may cas( significant doubt on Lhc ehariiy's llbilily 10 continue as ll going eonccrn. Ir we conclude thai a material uncertlliniy ¢XiS15. we arc rcquircd 10 draw aiieniion in our audiior's report to Ihc rclolcd disclosures in thc financial sthiemenis or, if such di5closure5 Qre inodcquale. lo modify our opinion. Our con¢lusion5 arc ba5cd on th¢ audil cvidencc obthined up lo ihe dalc ol our oudiior's rcporl. Howevcr. fuiure cvenis or condilions muy causc Ihc charily lo cca5C to conlinuc 41S a going conccrn. Evaluaie ihe overall prescnitsiion. struciure llnd conieni of the financial slatcnwnls. including ihe disc105ure5. lld wh¢lhcr Ihe financial siJi¢m¢nis r¢preseni ihc undcrlying Iransactions ttnd cvcnls in a manncr ihai achievcs fair presenllllion. We communicllte wilh ihose chthrged wilh governance rcgarding. amonE oiher mailer5. Ihe plllnned scope and timing or Ihg iiudil and sigllificanl audil fillding5, including any significanl deficienci¢s in inicmal control Ihai we iLlcniify during our audil. The purpose of our gudlt report and lo whom we owe our responsSbllllles Thi5 rcport 15 madc 501cly lo ihc charily's Iruslccs, us u body. in accordance wilh Chapier 3 of Pdrt 16 of Ihe Companies Aci 21)06. Our audil work has ic un(Jcriakcn so ihai we might sillte io the chllri¢y'S ITU51ccs Ih05c mullcrs wc arc requircd 10 stol¢ lo 1M in an ou(liior's rcpori and for no her PUTPOSC. To Ihc fullc51 extcnl pcrniiiicd by luw, we do nol llccepl or assume resportsibilily lo anyonc oihcr Ihan Ihc charily und the charily's Iruslcc5 as a body. for our audii work. ror ihis rcport, or for Ihc opinions we have forn)cd. SL, 4C,T Shaun McGlnty (Senior SIAtutoryAudltor) For and on behulf of 5h&un McGlnty & Co (Statutory Audilor) Chartered Accountants ond Registered Auditors 44 Woodbrook Derry BT48 8FF 15 December 2023 Page 15
Greater ShAntallow Area Partnership Limited (A company limited by guarnntee) Statement or rinancial activities (incorporating the income and expenditure account) For the year ended 31 March 2023 Unrestrieted Restrtcted run(ts runds 2023 Unrestrlcted Restrictcd Total runds funds 2022 Total Nole5 Income Incornc from generJiinE fun(15: ncomc from donlliions and legacics Income from oihcr truding UCliviiic5 Oiher incomc 1,579 47.091 5.000 798.451 57.887 810,030 104.978 8.090 758.?*0 23,103 56,603 766.310 79.706 Total Income 63,670 856,338 9?0.008 35,193 814,8?3 850.016 Expenditure on Sioff cosls Esloblishmcnl c0515 mOr llnd travclling gxpenses Accounillncy fccs Audilors, rcmuncralion Legal Dnd professional fccs Communicaiions and Cxher office expcnscs Inlcr¢51 payllble ond 5imiliir chargcs Deprcciulion and impairmcnl Misccllllneous expensc5 Donation5 Projccl c051S - Gcncrdl Projccl Costs Exicnded Schools Projccl CrJSis- Drc rroB Project Cosls- DC & S D Council Projeci Cosis- DENI WRAP Projeci C051s - Big Loiicry fundcd Tolal expendlture 33.?08 499.017 66.086 920 3,0?0 1,100 4,651 6.805 4,199 1,465 3,34? 3.242 532,2?5 66,086 920 3.0?0 9,978 7,114 310 466,800 59.998 5?3 1,640 476.776 67,11? 833 2.920 I,i(K) 1.906 4,923 ?1.506 860 3,34? 4,751 4,651 6.805 1.906 1.957 13,891 860 9.965 8,615 395 1,860 3.34? 3,?4? 1.090 36.640 56.109 38.413 46,551 55.671 3,349 1.355 3.396 1,090 36.640 56,109 38,413 46.551 55,671 3?.349 198 83,603 55.013 37.906 29.?69 56.000 83,801 55.013 37.906 29,?69 56.000 34.693 859,680 894.373 40.891 808,1?9 849,018 Nct incomeJ{expense) resources for the yeur I Net incomel(expense) for the year ?8,977 (3.34?> 25.635 (5.698) 6.694 998 Toilll (und5 bToughi forward 1 ??,789 11.183 133,972 1?8.487 4.489 13?,976 Total funds corned forward 151.766 7.841 159.607 1 ?2.789 11.183 133,974 The stllicmcnl or rinancial AClivi(ies includcs llll gains und losscs in ih¢ y¢ar and thcrcfore (15cparalc 51al¢mgnl of lolal rccogniscd guins und Ios5C5 ha5 noi bcen prcpared. All of ihc abovc arnoun15 relaie 10 conlinuing aclivilies. The noles on pages 19 tTr 28 form lln InleEral part of these finunclal slalement& Page 16
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Balance sheet as at 31 March 2023 2023 2022 Noles Flxed 9ssets Tangiblg Jssels Current assets Debiors Cush a¢ bllnk llnd in hand 10 3.402 6.744 149,511 ?63.9?2 141.634 251,155 413,433 397.789 Credltors: amounts falllng due wlthln one year 1157 ??B) 1?65.561) Net current a55ets 156,105 1?7 ??8 Net assets 159.607 133.971 Funds Rcstricled ineomc funds Unrcslricied incomc funds 13 7.841 151.766 1.183 1 ??,789 Total funds 159.607 133.97? Th¢ finllncial Slaiemcnis wcrc approvtd by Ihc board on 15 D¢cember ?0?3 and signcd on bchaif b Peter McDonald Dlrector Cathal Mccauley Director Martln Connolly Dlreetor The notLs on pages 19 10 28 form an Integral part of these financlal statement& Page 17
Greater Shantallow Area Partnership Limited (A company limlted by guarantee) Cash tlow statement for the year ended 31 March 2023 2023 2022 Noles Nei incomc for ¢hc ycor IniercsL payoble Depreciation and impairmen( (IncrcascllDccrcLLse in dcbtors (DecreaseV1ncrc8c in crcdilors ?5.635 1,860 3.34? 17.8771 17.97?) 998 860 3.34? 34,359 ?3.103 Net CAsh Inflow from operatfng actlvffitles 14.988 6?,66? Reiurn5 on inveslmenls and servtcin8 or rinunce Cupilal cxpcndilurc Increase In Cash In Ihe year 22 11,860) (860) (10.036) 13,1?8 51.766 Reconelllatlon of net CAsh fi]ow to movement in net funds Increase In cash in the year Net funds at l April 2022 Nel funds at 31 March 2023 13.1?8 ?49,34? 51.766 197.S78 262,470 ?49.344 Pagc 18
Greater Shantallow Area PArtnershlp Limited (A company Ilmlted by guarantee) Notes to financlal statements for Ihe year ended 31 March 2023 Accounting policies The principal accouniing policies are summari$ed below. Thc accounling policics have bccn applied consislently Ihroughoul thc ycar and Ihc precedin8 yc&r. 1.1. Basts of aceountlng Thc finllneilll sluten{S urc prcparcd un(kr ihc hi510rical cosi convcntion llnd in accordance wilh A¢¢ounling and Reporting by Charilic5: Siulgmenl of Recommended Practice applicllble lo chnrilies prepllring their accounts in accordancc wilh ihc Finuncttsl Reporting Stllndard llpplicoble in the UK and Republic of Irelund (FRS 10?) lef(eclive l January 2015) - (Chariiics SORP IFRS10?), Ihc Financial Reporting 51ondard applicoblc in lh¢ UK nd Rcpublic of iTcland (FRS10?l and Ihc Compani¢5 (Northern Ireljnd) Order 1986. 1.2. Income All incomc is includcd in Ihc 51aiement of finllncilll tseiivities when the chllriiy is eniitled io (he income ihe amouni can bc quanlifjcd wilh rcasonublc uccurncy. The following spccific policies arc applied 10 particular cagoneS ofincome: Donalions legncics incomc, formcrly volunlary income. is rcccived by way of granls, (k)nalions and Bifis and 15 included in full in Ihc siulcmcnt or rillancial aclivilics whcn rcccivablc. Granls whcrc cnliilcmcnl is not condiiional on Ihc dclivcry of a $cIfiC pcrforynancc by Ihc chnTiIy* arc rccogniscd whcn ihc charity becomcs unconditionally cnliilcd lo Ihe 8rllni. Donaied servlccs und (aciliiics are included al the volu¢ lo Ihe Charity wherc ihis coft be qullniified. Th¢ Val of services provided by volunlccrs hi15 nol bccn inclu(Icd. Gifts donaicd for rc501c included us incoming rcsources wiihin aciiviiics for gencraiing funds when Ihey arc 501d. Grllnis. including granis (or ihc purchdsc or rixcd as5c15. Drc rceognised in full In Ihc Slaiemeni or rinanciul Uclivilics in Ihe yciw in which Ihcy arc rcccivablc. Th¢ March ?0?? accounis include ioiul grani incom¢ or £754.920 (?0?1:£88? 1491 providcd lo lh¢ chariiy by ll vllriety of funders io Qssisi in meeiing ils p&yroll llnd oihcr opcraiing cosls. Thc charily ho5 fully complied wilh Ihc Icrms and condiiions sei oui by Ihc fundcrs in ihcir Iciiers of offer. 1.3. Expendlture Expendilure is recogniscd on an uccruul bdlsis lls u liubilily 15 incurrcd. Expcndilurc includcs any VAT which nnoi b¢ fully rccovered. Jnd is repDrted lls pllri of Ihc expendi(ure io which il rclaic5. C0515 of gcncraling funds compri5c ihc r051s assoriJicd with llllrncling volunlury income and the c0515 of thidins ror fundrnising purposes including ihc ¢hariiy'S shop. cln1&b]e expcnditurc comprises Ihosc costs incurred by the charity in Ihc dclivcry of 115 aclivitiC5 and scrviccs for ils bcnefic¢aries. Il incluiles both cosis ihai can bc allocaicd dirccily lo such aclivilies and ihose eos15 of yn indireci naiurc necessary 10 suppon Ihem. Suppon ¢051s are Ihosc cosls incurrcd dirccily in support of expeTKlilute on Ihe objccl.s of Ihe charily and includc projcct mallaB¢mcnl. Page 19
Greater Shantallow Area Partnership Limited (A company Ilmited by guarantee) Notes to flnancial statements for Ihe year ended 31 March 2023 1.4. Tangible fixed a55ets and depreciation Tangible fixed asseis are 51uied ni cost less accumul4lcd dcpreciation. Deprecialion 15 provided at rnlcs calculalcd io wriie offihe cosi less residual value of each assei over 115 expccicd u5cful lifc, as follows: FAx(ures. fiitinBs and equipmcni ?5% and 33.33% 51raight linc l.S. Deflned contrlbutfion penslon schemes The pension cosls chnTgcd in Ihc finuncial slalemcnls fcpTcseni thc con(ribuiion payable by ihe charity during Ihe year. 1.6. Debtors Debiors ore recognised ai Ihe seltlemeni llmouni due llficr any discounl. Prcpaymenls are valued al ihc nel amounl prepaid. Grani incomc rccognis¢d by Ihc chariiy from funder5. but which has noi yci bccn rcceived lli Ihc year end. is includcd in d¢bioT5. 1.7. Cash at bank and hand Cash ai bunk thnd in hand comprises cash on dcposlt ui banks requiring Icss ihan 3 monihs notice ol wiihdrnwal. 1.8. Credltors and prov151ons Crediiors and provisions ure rcco8ni5ed where ihe charily hasa prc5enl obliBalion rcsuliing from n pusl cvenl. which will probably rcsuli in Ihc Iransfcr of cconomic valuc io o ihird party. and Ihe amounl duc lo seiilc the obligolion cDn be reliably rnca5ur¢d or csiimuicd. Credliors and provisions are ffiomially r¢¢ognis¢d at Ih¢ir seiilemcni omountufier llllowing for nny Ili.%counl. Fund5 alrcudy received from funders Ihol (kj nol meei thc criicria for recogni(ion us incomc, are shown in erL'dilurs. Crltlcal accountlng Judgemonts and key sources of estlmatlon uncerthlnty The following nre the critical judBemcnts and c51imalcs Ihai the Trusices hllve mode in Ihe process of applying the Chariiy's accouniing policics Ihthi hmve thc msl sisnificanl cffccl on the omoun15 recogniscd in Ihc financilll Slalcmcnl5. Depreciation and u5cful Ilves of assets The deprcciaiion rdies Are bused on cxpcclcd useful livcs of Ihc Tclevunl llssels. The estimalcs and underlying assumpiions arc revicwcd on tsn ongoing basis and could havc a muicriiol impaci on l)oih ihe rcstslis for (he year 4nd th¢ finala1 posi(ion if aliered. Recoverablllty of debtors In assessing Ihc rccovcrabilily of omounts due from debiors. Ihc wusiccs havc made ihc J5sumpiion Ihtsi any 1mpll1rnft( resuliing from Ihc non-rccovcrabiliiy of the debiors owcd lo Ihc churily will nol bc in exce55 of th bad dcbi provision Ihal hths bc¢D pui in placc. The Irusiccs bclicvc thut no furthcr provision is rcguircd. Pnge 20
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2023 Income from donaOn5 And legacl Unres¢ri¢l¢d Restricted runds runds 2023 Unrestricted Restricted Tolal runds luniLq 2022 Total Donlliion5 Grafi r¢ceivable- Dfc NR Grllnts receivablc - Dfc CIF Grants reccivoble - Dfc Job siort Grants rcceivabl¢ . Nalionwide Granis rcccivablc - DENI - WRAP Grants rcceivllble - DC & SD Council GTants rcccivablc - WHSCT Grants reccivable - Triax Grnnis Tcceivable - Big Loiiery Grants rcccivablc - Oihcr 579 379 356,749 70.830 13.398 1.890 9.5(K) 354,556 67,872 11,390 347,858 67,87? 6,698 17,10? 61.lJOQ ?9.?70 63,367 79,07? 68.11? 14,569 356,749 70.830 13,398 17.10? 56,OIM) ?9,?70 63,367 79,07? 68,112 13,369 5.000 60,671 58.113 65.671 58.113 39.??? 79.?43 117.947 8.178 6,000 117,947 11.579 798.451 810,030 758.220 766.310 Incorne from other tradlng actlvltles UnresLrlcted RosLrlcted runds runds 2023 Unrestrlcted Reslrlcted Total runds runds 2022 Total her Aeiivities Incomc . Exicndcd Schoo15 Chhcr Acliviiies Income & Fces 6.860 57.887 64.747 40.?31 6.?90 16.813 56.603 62.893 16.813 47,091 57.887 104.978 23.103 56,603 79.706 Other income Unrestrlcted runds 2023 Ullreslrlcled R£strlcied Total runds runds 2022 Tol41 hcr income 4,000 4.000 5,000 5,000 4.000 4.IKIO Net income for the year 2023 2022 Nel Incon 15 sloied afier chargins: Depreciaiion and oihcr amoun15 wrillcn orriangiblc fixed a55Ct5 Audilor5' rcmuncralion - excluding accounlancy fee5 3.34 3,34? 1,100 Pagc21
Greater Shantallow Area Partnership Limited (A company limited by guarnntee) Notes to financlal slatements for the yegr ended 31 March 2023 Employees Employment Costs 2023 2022 Wages and salllries Social gecuriiy cosis Pcnsion cos15 476.461 41,608 14,157 4?7.666 37.864 53? ??6 476.776 No cmployce received emolurnenls of more ihan £60,(K)o (?02? . None). Number of employees Th¢ avcrngc monihly number5 of cmployees (includins Ihc trusiccs) during Ihc year, cnlculllied on Ihc busis of full time equivalcnls, Wlls lls follows: 2023 Number 2022 Number Trnslccs - Voluntary & Purl-lini Administrniion And maniisiemenl Projeci siaff and iulor5 13 13 18 14 35 Payroll cos15 includc ll loial wagcs c051. including ER NIC und ER ponsion. of £53.8?1 (10?2:£49.63?) rclalin lo thc projecl manager. Thc I$e8 Arc ull volunlury do noi rcceive eiihcr rcmunerniion or exp¢n5cs for iheir serviccs ll5 Irusicej. Pension costs The company opernies u dcfincd coniribulion pcnsion 5eheme in rc5pccI of ihosc eligiblc employees who choosc lo join Ihc pcnsion schcmc. Thc schcme and ils asseis arc hcl(I by indcpendcnl managcrs. The pcnsion chargc rcprc5cn15 contribuiions due from Ihe company und wa5 os follows: 2023 2022 Pcnsion churge 14.157 TaxBtion Thc charily's Jclivilie5 fllll wiihin (he exemp(ions afforded by Ihe provisions ol Ihe Income and Corporaiion Taxes Aci 1988. Aecordingly. Ihcre is no taxolion chorgc in thcsc occounts. Pthge ??
Greater Shantallow Area Partnershlp Limited (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2023 Flxtures, riltings and equlpment 10. Tanglble fixed a55ets Total Cost At l April 20?? und Ai 31 Mllrch 20?3 96,341 96.341 DepreclAtlon Ai l April ?02? Charge for the yeor 89J97 3,34? 89,597 3.342 At 31 Mllrch 20?3 9?.939 9?.939 Net book VAlues Ai 31 MaTch ?0?3 3.40? 3.402 Ai 31 March ?0?? 6,744 6,744 11. Debtors 2023 2022 Tradc dcbior5 Amoun15 owed by Social Capital (NW) CIC Oihcr dcblors Prcpaymcnis and ac¢rucd ineotne 131.013 4.318 5,500 8.670 130,849 ?.713 5.000 3.07? 149.511 141,634 12. Credllors: amounts falllng due wlthln one year 2023 2022 Bunk overdrafi Trnde crediior5 Oiher iaxes and socilll 5CCUrity Oihcr crcditor5 Accruals and defcrrcd inrome 1.45? 57,690 19.383 ?.6?1 176,08? 1.813 7?,015 10.360 3,382 177,991 ?57.??8 ?65.561 Poge 23
Greater Shantallow Area Partnership L5mlted (A cornpany limiled by guarantee) Notes to financlal statements ror the year ended 31 March 2023 13. Analysis of net a&sets between funds Unrestricted Restrleltd funds funds Total runds Fund balances ai 31 MaTch ?023 us rcprcscni¢d by- Tangible fixed assets Curreni Jssels Current liabilities 3.40? 261.668 1?57 ??9) 3.40? 413,435 1?57 929) 151.767 151.767 7.841 159,608 14. Unrestrlcted lunds At l Aprll Incomlng Outgoing 2022 re50urces rosourcos At 31 Mareh 2023 Unrcslriclcd R¢scrves 122.789 63,670 (34.693) 151,766 Purposes of unrnstrlcted funds Unrcslriclcd funds hayc bcen buili up to enuble ihc charily lo mcel Ihc non-granl aid¢d porlioffl of il's operating COS[5. 15. Restrleted ndS At l Aprll Ineomlng OulEoln£ 2022 resource5 resources At 31 Mareh 2023 Operaiing Costs CllpitDI expendilurc costs 4,442 6,741 856.338 {856,338) (3,34?) 4.441 3.399 11.183 856.338 (859.680) 7,841 Purp05e5 of ristrlcted fund5 Thc majoriiy of Reslriclcd fundinby rcrcivgd by the chiirily is to cover ihe opcruiing cos15 ol the organisaiion. Thc clwiiy also ceIVed Reslriclcd funding lo cover cllpiial c051s of asscts ucquirc(I from various fundcr including Ihc Dcpurtmeni for Communiiics. Big Loiicry and Triax. 16. Flnanclal Commitments As lli 31 Murch ?0?3 ihe Company hus property leu5ing cosi commiim¢nL% of llpproxinlCIY £ 40.000. pllg 24
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Note5 to financial statements ror the year ended 31 March 2023 17. Contingent liabllltles l ) Grnnts received could be repayable io ihe futKlers in ihe event ihai (he company fails io cornply wilh ihc Icms and L'ondilions pcr Ihc vuriou5 IcllL'rs of orr¢r. Th¢ chiirily conlinu¢s 10 meei Ihe lerms and conditions of all runding offcr5 and a5 such no provision 15 nccc55ary for Ihc Tclurn of grJnL funding. 21 If thc eharily slopped operJiins lhe would be a )len11a1 redundancy liabiliiy which ui the year cn(I would huvc bcen in excess of £50,OiN). Thi5 polenlial wages cosl wou5d have lo bc funded frorn Unrc51riclcd ry¢S 115 il 15 nol covcrcd by Ihc funders. The accounls havc bcen prcparcd on a going ¢onccn] basts and ihe chjriiy has no plans lo rcducc or eejse operniions. As such no provision currently needs includcd in Ihc financial slulcmcnls in rcspccl of ihe polcnlial rcdUnduY ¢osls. 18. Transactlons with trustee5 The direciors I Irusices all volunrY and do not TCfCiVC ciihcr rcrnuncralion or for their services os dircctors l (rusiees. Nicola Mullon re5isncd Ds a direclor of GSAP on 2 IIOJ? ?O?O prior 10 accepiing an offcr or cmploymcnt wilh Ihe churiiy.
Greater Shantallow Area Partnershlp Lfimlted (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2023 19. Related party Ir&Thsactions l) Thc March ?0?3 year expendilurc include5 £14.470 due lo Libcrty Consortium. All such cxp¢r)di(urc occurs nder nonnlll operniing (ernis & if applicablc, 15 chccked & upproved by thc funder5. Ay ui 31 Mdrch ?0?3 creditors include £9,540 owed io Liberiy Consonium. Mr DarTcn Kirby, a GSAP cmploycc. is a direclor or Liberty ConSOTtium. H¢ is not involved in Ihe decision-making for transactions involving boih organi5lllions. ?) The March ?0?3 yellr expendiiure includes £?9.700 10 Shnnullow Communiiy Residcnis Associaiion (SCRA) & incomc includes £12.311 (rom SCRA, The ?0?3 accounis also include U,250 of cxpcndiiurc with Teamworks. As Al 31 March 20?3 debior5 includ¢ £ 3.379 owcd by SCRA & crediiors include £860 owed lo Teomworks. All Iransuclion5 beiwccn thc organisaiions oeeur under nornud operaiing lern & if applicable. are checked & approved by Ihc lunders. Mr Caihal Mccaulcy, a GSAP direcior, is cmployed by SCRA & is involved in Ihe mana&JLment of Teumwork5. He 15 nol involvcd in Ihc dcci5ion-making whcn projcc¢5 involve ihese orgJnisation5. 3) The Mnrch ?0?3 cxpcndiiurc includcs £8.301 due to IxJlJir Communily Associlllion (LCAI, L?00 to LealDir Spon & Recrcaiion CIC. £150 10 Lcafair Cornmunily Ccnlrc. £390 10 Skcogc Communily TrnSpor1 & £138 10 Lcafair rncn5 5hcd. As at 31 MtsrL'h ?0?3 credilors includc £450 duc lo LCA. All Iran5aciions belwcen 1he5e organisalion5 oceur UTKler nornlal operaiin8 lern & if llpplicAble. are chccke(l & approvcd by Ihc lundcr. Peicr McDonald. o GSAP direcior, is an employe¢ of LCA & 15 also involvcd in th¢ managemcni of Ihe nihcr organi5a(ion5. Mr McDonald 15 nol involv¢d in (h¢ d¢rision-making for projecL% involvinby ihese orgllnisuiions. 41 Thcrc havc bccn no donlliions lo the chnriiy in ihe lllgt 2 yeurs (rom Socilll Cllpiiul (North Wesi) CIC. Ihe Irading compuny owned by ihc chariiy. During Ihc Murch 20?3 ycar GSAP paid £1.616 of cosls (or Ihc CIC & as lli Ihal duic dcbiors include £4,3?8 owcd by Ihc CIC for c051s paiLI by GSAP. Thc board of Ihe CIC compri5Cs 2 mernbers of Ihc charily's board. Thc CIC'S conslilulion requires it lo donaic any surpluscs genernied 10 Ihe churily. 51 Thc Mor¢h 2073 accoun(s expendilurc incIleS £8.560 10 Auroru Councclling. A5 di 31 MiirLh ?0?3 credlior5 include £3.600 owed lo Aurora by Ihe charily. All such transactions occur undcr normal opcralins pracliccs. Francesca Kelly. A GSAP director, is lllso engllged wilh Aurorll Councclling bui shc is noi involvcd in ih¢ ¢hariiy's dccision-muking for projccis inolving boih organisaiion5. 6) Thc March ?0?3 iKcoun15 includc a dcbior loan ba141n¢c of £3.5fK) owcd lo GSAP by Gulli&sh Women5 Group iificr Ihc womcn5 byraup hud repaid £1.500 of iheir Iolln btslllnee during ihe ycar. Expendiiure for Ihc yenr incltsdes £719 paid io Gullittgh Womcns Grotsp. All iransaciions beiwcen Ihc organisalions occur under norn)al opernling conditions & whcrc applicable ure chcckcd by fundcrs. MilTiC Gillcspic, u GSAP dircclor. & Rosi Dohcny. a lornicr GSAP dirccior. arc also involvcd in Ihc managcmcnl of Ihc womcns group. 7) The March ?0?3 a¢¢ounls includ¢ £ l ?] ? of income from the On Thc Stree15 Communily Youih Inliitstive. As 1 31 Murch ?0?3 dcbiors include £70 owed lo ihe charity by ihc youih 8roup. All Iran5uclions bclwcen Ihc 2 orgllniststions occur under nomwl optraling conditions & where &pplictsble. are checked by ihe relevoni funders. Cuihul Mccauley & Marlin Connolly, diTeciL)rs of GSAP, are lllso involved in Ihc running of thc youih iniiiaiiv¢. 8) Thc M41rch ?0?3 year cxpcndilurc includcs £840 relaling lo Si Brigids Collcgc & during thc ycar GSAP madc Icrnwirary Inan of Ll.ULK) 10 lhc Fricnds of Si Brigids aswciation which repaid bcforc Ihc yellr end. As ai 31 MarLh 20?3 clI110rS includc £840 owcd io ihc collcLie. All irnnsuctiL)ns bLlweLn Ihc or&yuni5nli0rt5 occur under nornial Icms & where applicablc. are uppn)ved by the funders. Mr G Mcmonagle. a GSAP dircclor. wus also on ihe icaching siatt lli Si Brigids College uniil his reiircmen( in Augus1 ?0?3 bui is noi involvcd in Ihc chariiy's d¢¢i5ion.making for proJcc¢s involving boih orgunisations. 9) The March ?0?3 ycaT accoun15 in¢ludc cApcnditurc of £?0.300 duc lo Rainbow Child & Family Cenlre. A5 al 31 March ?023 ihere are no balancc5 bclwccn Ihc 2. All trnnsneiions beiween ihe 2 occur under nornial opcrJiing condilions & whcrc applicablc. arc chcckcd by (hc rcluled funders. Elainc YounE. u G5AP dicrccior. is cmploycd by Ruinbow. bul has no involvcment in Ihe cknTily's mllnngcmen( decisions involving Ihc ? entilic5. 101 The March ?0?3 accounts include expcndiiure of £?,50U due ID Enierpri5e North Wesi. As ai 31 March ?023 Ihcrc arc no ouLsundinE balJnces between ihe ? orgunisaiions. All iransactions bciwecn the ? eniiiics occur undcr nornilll operniing ¢OT]dilions & whcrc applicablc arc chc¢k¢d by lh¢ rglalcd fund¢r, CaolJn Cumpbell, u GSAP direcior, is employed by Enlcrprisc NW whilc Brian O'N¢ill. a former GSAP direcior. is ll direcior of (hal company. They urc noi involved in ihc charily's decision-makn.ng for projccis involving boih cniiiics, I I l Thc March ?0?3 uccoun15 includc £3.764 of expenditure with Skcogc Communily A55ocialion & income includes £853 from il. A5 ai 31 March ?0?3 crcdilors includc £500 owed lo & debiors includc £180 owcd lo the SCA. All transactions beiwccn ihe ? occur un(Jer nornial condiiions & whcrc applicablc, arc chcckcd by ihe rclevanl funder. NicolJ Mullan & Coroline Ming, boih GSAP cmployccs. arc also involved in Ihe managcmenl or SCA. Neiiher arc involv¢d in Ihc chaTiIy 5 (Iccision-muking in projccis involving ihc ? eniitics. Page 26
Greater Shgntallow Area Partnership Limited (A company limlted by guarantee) Notes to financial statements for the year ended 31 March 2023 20. Controlling interut No onc member o( Ihc board of directors 15 ublc lo exerci control of the company rather li is controlled collcclively by Ihe bourd of direciors. 21. Post balance sheet events l ) During Ihe March 20?4 finllnciul year GSAP expeclh 10 5Ure ownership of lis currenily rcnlcd prcmiscs at Northside Village Centre, including Ihc Communiiy Building at Northsidc. In Addiiion 10 ihc £1 .() building lund donaiion previously provided by Ihe Northside Development Trust ond which 15 bcing carried in dcfcrred incornc, the chariiy has secured further funding from ihc Dcparimcnl for LevcllinB Up. Housin8 & Communitics. logcther with a loan from Communily Finan¢¢ Irelund as wcll Js il's own lunds & il expccis Io CL)mplelc the purchasc of Ihe prcmi5cs in llltc ?0?3 or ettrly ?0?4. As al 31 March ?0?3 Ihe North5idc Trust donaiion or £IOO,000 coniinues io bc Irellicd as Dcfcrrcd incoTnc but should bc rccosnised in ihc Mareh ?074 y¢or once the premises purcha has bccn coThpleled. Thc propcrty Dcquisiiion logeihcr with all ihe rclnied funding will bc rcflcclcd in Ihc ?0?4 yeor accounis. ?) The churily also expecis ihal Ihcre will be progress in Ihc coming ycar wilh regtsrds io progressing the plans nd proposals (or Ihe rcgcnernlion of BODM Hull. Any financial iransaciions relaiing 10 any fuiurc Boom Hiill projecl will bc rcneclc(l in those fulurc financial periods. 22. Gros5 cash flows 2023 2022 Returns on Investments and servicing of flnance Intcr¢s1 pai (1,860) (860) Caplthl expendlture Paymcnis lo qUIre iangible asscls (10.036) 23. An8lysls of Chang In net funds Openlng balllnce Cn5h nows CIDslng bolonce Cll%h al bank and in hand Ovcrdralis 12,767 361 ?03.97? (1.45?) (1.813) ?49.34? 13.1?8 ?6?,470 Net funds ?49,34? 13,1?8 ?6?.470 Page 27
Greater Shantallow Area Partnership Limited (A company limited by guaranlee) Notes to financial statements ror the year ended 31 March 2023 Golng concern The various Drc runding was uguin rcnewcd for anoiher ycar 10 31 Murch ?0?4 and the funding fmm (he Notional Lo(iery Communily Fund run5 uniil 9025. The board llre confidcni Ihal (hey will eoniinue lo be awarded new corc funding ond as such ihcy htsve no conccrn5 wilh regards io Ihc going-coneem Slatus of the charily. Huwever Ihc ehllriiy's ability 10 canlinuc a5 d going-concern is dcpendent on conlinuing lo Ceive corc funding. Should Ihe ehariiy nol gcl il'5 core fundins renewcd it would bc highly likely ihai it would noi be ablc to conlinuc and thc going-conLern basis for preparing thc accounts would no longer be appropriaic. It is currenily expected Ihai the various funding will conlinue lo made uvuilable io ihc ¢hariiy and &5 Such ihe going-concern basis rcmuins appropriatc in pr¢paring Ihe financial stlliemcnls. 25. Company Ilmlted by guarantee Greuier Shunthllow Arca Partnership Limiicd 15 a company limilcd by &iuaranl¢c and accordingly does noi have a shar¢ capilul. Every rncmber of thc company undcrtakcs to contribuie such amounl as rnJy be rcquircd noi ¢xeceding £1 lo Ihc asscis of Ihe chariluble company in ihc eveni of ils being wound up whilc he or she is a m¢mbcr, or wiihin onc year Jfier hc or she ceoscs io bc a m¢mbcr. 26. LimltAtlon of AudStor5' Ll8bility As siaied in Ihc Icllcr of en8agcmeni which was signed and approved by thc board of dircciors. the liability of Ihc LKlilor is limited to ihe umouni of lh¢ annual fcc. Pagc 28