Charity number: XR29759, NIC 100209 Company number: N1034587 Greater Shantallow Area Partnership Limited (A company limited by guarantee) Trustees, report and flnanclal statements for the year ended 31 March 2025
Greater Shantallow Area Partnership Limited (A company lirnited by guaranlee) Contents Page Legal and adminislrative infornwlion Trustees, report Auditors. rep)rt lo the trustees 12.14 Sialemenl of financial aclivilies Is Balance sheet 16 Cash flow slalement 17 Nole5 to the financial staiements 18-28
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Legal and administrative information Charity number XR29759. NIC 100209 Company registration number N1034587 Business address Unit C3 & C4 Northside Village Cenlre Glengalliagh Road Derry BT48 8NN Registered offlce Unit C3 & C4 Nonhside Village Centre Glengalliagh Road D¢Y BT48 8NN TThs1tt5 Peter McDonald Martin Connolly Tony Hasson Caihal Mccauley, Sandra Duffy & Vivienne Lynoll Charles McDaid Marie Gillespie & F.laine Young Brian Tierney & Michael Doyle Caolan Campbell & Francis G Mcmonagle Resigned 03.09.2024 Re$igned 19.02.2024 Appointed 1410212022 & 0610412022 Secrelary Caihal Mccauley Manager Rory M¢Parland Auditors Shaun McGinty & Co (Siatutory Auditor) Chartered Ac¢ounlanis 44 Woodbrook Derry BT48 8FF Bankers Allicd Irish Bank Meadowbank Slrand Road Derry BT48 7TN Solicitors Ha550n & Co Soliciiors 39141 Clarendon Street Derry BT48 7ER Page I
Greater Shantalloiv Area Partnershlp Limlted (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 The trusiees present their report and the financial siatemenis for Ihe year ended 31 March 2025. The financial siaiemenis are prepared in accordance with Ihe Companies Act 2(M)6, the Charities Act (Nl) 2008. FRS 102 "The Financial Reporting StandArd applicable in the UK and Republic of Ireland. and Accounting and Reporting by clrIties, Siaiemcnt of Rccommended Practice applicable lo charitie5 preparing their financial siatemenis in accordance with Ihe Financial Reporting Sthndard applicable in ihe UK and Republi¢ of Ireland (FRS 102). The Truslees Report coniains the information required lo be provided in the Trusiees Annual Report under the Siaiement of Rccomm¥nded Practice (SORP) 8uidelines. The directors of Ihe company are also charity trustees for the purpose of chariiy low and under the company's consiiltition are known as m¢mb¢TS of Ihe board of trusiees. In Ihis Teport the Iruslees present a surnrnary of ils purix)se, governance, octivilies, achievemenis and finances for the financial year ended 31 March 2025. Dlrectors and Ite¢S The trustees, who are also di¢[0rS of Greater Shantallow Area Partnership Limiied for Ihe purposes of ¢omp&ny law and who served during the yeur and up 10 Ihe dale of this repon are ser out below. Trustees Peler McDonald Martin Connolly Tony Hasson Caihal Mccauley, Sandra Duffy & Vivienne Lynott Charles McDaid Marie Gillespie & Elaine Young Brian Tierney & Michael Doyle Caolan Canipbell & Francis G McMonagl¢ Resigned 03.09.2024 Resigned 19.02.2024 Appointed 1410212022 & 0610412022 Secretary Cathal Mccauley Reference and administratlve detalls Charfty number Company registratlon number Reglslered office XR29759, NIC IW209 N1034587 Unil C3 & C4 Northside Villa8e Cenlre, Derry, BT48 8NN Key personnel Manager Rory McParland Advlsers Auditors Shaun McGinly & Co (Sialulory Audiior) 44 Woodbrook, Derry. B T48 8FF Allied Irish Bank Sirand Road, Derry. BT48 7TN Hasson & Co 39141 Clarendon Stet, tkrry, B T48 7ER Bankers Solleitors Page 2
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Report of the trustees (incorporating the directors. report) for the year ended 31 March 2025 Strncture9 governance and management The Greaier Shaniallow Area Pannership Limited is a charilable company limiied by gu&rantee noi having any share capiial and regisiered under the Companies Act 2006. The charitable compttny's goveming document is ihe Memorandum and Article5 of Association. Board of Dlrectors The charity is govemed and directed by a voluniary brd which currenily comprises I I people from varied backgrounds and skill sels. The aim of ihe board is io provide leadership and develop strAte8y as well as lo ensure good governance and financiol control. New Board members undergo induciion Iraining to brief them on role5 und responsibililies and their legal obligations under chariiy and company law. the committee and the decision-making processes. Ihe strategic and operational planning processes. the organisalional Slruciure and key organisaiional acliviiies. The Board ensures the good governance of ihe organisaiion by seiiing ils strategic objectives and pulicy direclion through GSAP'S three year siraiegic plan, and moniioring progress on this ihrough the annual operalional planning process Appolntment and Retirement of Dlrectors Ai ellch annual general meeiing one-IhiTd of Ihe directors who are subject lo reliremenl by rolation shall relire. The direeiors to reiiTe shall be those who have been longest in office from their lasi appointment or reappoinimeni. If the company does not fill the vacancy the retiring dircLtor shall be deemed to have been reappoinied unless ai the meeting it is resolved not to fill Ihe vacancy or unless a resolution to reappoini ihe dir¢¢tor is pul to the meeting and is losl. BoArd Meetlngs The iK)ard of direciors met 5 limes durin8 the yeur and Ihere were usually 6 direciors in aiiendance. These meeiings include a meeting in January 2025 when ihe March 2024 accounts were approved. Officer Board There is also a smaller Officer Board, which consists of the Chairperson, the Company Secrelary and the Treasurer. which is constiluled by Ihe company and which meets whenever requiied during the year. The Officer BoaTd would usually meel a couple of limes each year. The main meeting of Ihe Ole¢r Board 1% the mc¢liDg to discuss and review the rinancial slaiemenis for the year. Following on from (his Officer Board meeiing Ihe full Accounis are psented lo and dpproved by the full Board of Direciors ot ihe company's AGM. Senlor Managemenl The Manager. appoinlcd by the Board, manages the day to day operolions of the or8anisa(ion. To facilitaie effective operalions, Ihe Manager has dele8aied auihorily for operaiional m&Liers including the application and moniloring of siraie8ic and operational objectives, aiiends all board meeiin8s and updalcs the dir¢¢iors on the charity's current finoncial aTMI operational posiiion. AII GSAP project staff report directly to the project manager. Compll8nc¢ wlth Sector-wide t*8islation and Standards The charity engages pro-actively wilh legislation. siandards and codes which are developed for the sector in the UK and Northern Ireland. The charity subscribes to and is compliant with Ihe Companies Act 2(K16; The Charilies SORP (FRS 1021 and Ihe Charities Acl (Northern Iielandl 2(X)8. Health and Safely The charily ensures the well-being of Lis employees, clients and customeTS through Ihe slricl adhence to health and safety Standards. Sysiems are in place to ensure thal employees Mre aware of and implenI the charliS healih and safety requirements. Employees are requiTed to Work in a safe manner as mandated by law and besi praciice. Page 3
Greater Shantallow Area Partnership Llmlted (A company limited by guarantee) Report of the trustees {incorporating the directors, report) for the year ended 31 March 2025 Risk Management & Prfjnclpal Risks The directors have examined Ihe major slrniegic, business and operational risks which the charity faces and confirms that systems have been esiablished 10 enable regular reports to be produced so that Ihe necessary slep5 cnn be laken to lessen these risks. The principal risk to the charity is if ils core funding was not renewed by Dfc. The charity has esiablished a risk management prrKess, which will ensure thai the or8anisaiion manages and mitigates risk in line with the agreed risk of the organisaiion. The charity mainiains an Issues log and Risk register whlch are reviewed regularly and iicled upon by the Board. Having primary responsibility for risk managemeni, the Board r¢gulaTly consider Ihc main strate81C. business and operational iisks facing Ihe chariiy. The directors confirm effective contro15 and reFM)rtin8 systems are in place 10 lessen Ihese risks, Objecllves and actlvltles Thc company's objects are lo promole Ihe benefit of Ihe inhabil&nis of the Greater Shantallow Area wiihoui distinciion of gender. race or political, religious or oiher opinions by advancing education, relieving poverty, preserving health and providing facililies in ihe inieresis of social welfare for recreaiion and leisure lime occupation with the objeci of improvin8 rh¢ ¢ondilioDS of life for Ihe said inhobiiants, Alm5 Activities & Publlc Beneflt We review our aims. objective5 and activities each year. This review looks al what we achieved and the outcomes of our work in the previous 12 nionths. The review looks al ihe success of each key aciivily and Ihe benefi15 they havL bruughl to those Broups of people we are set up 10 help. The review also helps us ensure our Aim, objectives and aclivilie5 remained focused on our siaied purposes. In selling our objectives and planning our tIVitIeS for ihe year. Ihe Irustees have given careful ¢onsideralion io the Charity Cornmission for Nl's guidance on public benefit 10 ensure Ihai (he aciivilies have helped lo achieve ihe charity's purposes and provide a benefit lo the beneficiaries. To effeclively deliver on our purpose and meet our objectives, GSAP currenily ernployed 21 siaff (15 full lime & 6 pllrt-tinie) and buy in when required a range of specialised service providers such as speech and lansuage therapist. coun&cllors and essential skills tutors and other industry specific tutors nnd facilitators whenever this is necessary 10 ensure Ihe benefit is provided lo our beneficiaries. The INstees can confirm Ihal there has been no harm flowing from its purposes. The focus of our work Our main objeciives for the year continue 10 be improving ihe quality of life of residents living wiihin Ihe Greater Shaniallow. Outer North &nd Ballyarneit DE area, The strategies we used lo meet Ihe5e objectives included: •Providing a broad range of services. programmes and aclivilies io individuals, families and communities wiihin the Greater Shanlallow Area to help address Ihe problems associated with living in poverty. io help improve residcnt's health and well-bein8. to increase their skills and qualificaiions and overall improve their qualiiy of lifc. Focusing on informing. SllPIK)rtin8 and slrengihening ihe communiiylvoluntary sector operating in Ihe area and Working in partnership with other agencies to esiablish social, cornmunity and economic improvements within the area, develop new communiiy infraslruclure and secure the widest range of services available that helps meet the needs of ihe population. Our aims fully reflecl the purposes Ihat the charity was sel up lo further. Who a Ihe iniended beneficiaries? Residenis of all ages living wiihin the Greater.8hantAllow l Outer North l Ballyarneii DE Area *CommunilylVoluniary groups operating wiihin Ihc Grealer Shanlallow l Outer North l Ballyarnelt DE Area. How Our Aellvltles Dellver Public Benefit Putting Ihese strulegies into aciion for our inlended beneficiaries. GSAP has (3) three major areas of aciiviiy under ihe themes of 'A Lcarning Communily,. 'An Influeniial Community, and 'An Aeiive Community, Page 4
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Report of the trustees {incorpora¢lng the dlrectors, report) for the year ended 31 March 2025 A IRarning Communlty Provide capacity building, technical Assisiance in communiiy developn]ent and good governance and financial informationladvice and support wilh funding klpplicationslienderslfundraising 10 Cofflmunitylvoluniary groups each year. Provide local, acc¢ssibl¢, comprehensive personal developmcnl and training (formallinformal) lo residents each year Train and support existing fronl-line workers each year An Influenlal Communlty Or8anise 8ndlor facilitate neiworking events each year with local residenis. govemmeni agencies and communitylvoluntary groups and a series of partnership rneetings to advance the physical and social re8eneralion of ihe area. promote social inclusion and mainlain linkages wilh key organisaiiort. Annually. encourage and support GSAP staff & Direciors, local communily1iniesl groups and residents to seek andlor rnuinlain represen(aiion on communitylvolunlary and slalulory bodies ai a sira(egic level. An Actlve Community Recruil, train and support volunieers each year * Work wilh a range of partners lo actively engage residen15 in Ihc lif¢ of the community, improve their qualily of life and secure inve51menl to upgrade existing and develop new community and social infrasiruciurelfaciliiies in lh¢ area, *Throu8h project development. advice, information, support and lor projeci managemeni proiectj safeguard 10 exisiing iniegraied communiiy led, local scrvices and help develop new integraied community led local services each year to meel Ihc needs of local residents and improve Ihe KKial, community and economic well-being of the area. Achievements and perfonnanee Fin&nciAI Resulls The churiiy's resulis and finAnciAI position for the year ended 31 Mareh 2025 are as staled in the statement of financial a¢livilies and balance sheei which are included in Ihis report. Achievements durlng the year The mnin achievements and pewformance of CJ.SAP durin8 ihe year are sel oul below. The benefiis are demonslraled through regular feedb&ck from individuals, famili¢s, ¢ommunitylvoluntary groups and service users. We meosure impact using a range of tools (pre 8nd post que51ionaires, examinalionltest resulis. Outcome based Accountability {OBA) report ¢ards, official government 51atiSlics eic.) and, if required. commissioned independen( evaluations of our services. We engage with service users through esiablished forums and steering groups. We evalua1¢ Jll programmes and make hanges as appropriate. based on participant feedback. Key analytical summary points under each theme are as follows: A Learnlng Communlty 37 local comwnunilylvoluntary groups weTe provided wilh capacily building and iechnical assistance in communiiy development and good governance, which helped to build iheir confidence. increase Iheir skills nnd enhllnce iheir abilily lo effect change for Ihemselves and iheir cornrnunily. In addition, group.s received financial info ladvice and 5UPPQrt compleiin8 funding applications. which enabled Ihem io leam new skills in relation to fundraising and improve their abiliiy to access, secure. and manage addiiiotml financial resources efficiently und effeclively Ihus helping lo sustain their aciivilie51services. 28 existing front-line workeTS were provided wilh Iraining and support in areas such as Good GovemAnce Training, Finance for Non-Financial Managers Training. Child Proiecrion Training, First Aid trAinin8 elc, which enabled them lo build their knowledge and skills. promoie gwd governance, engage betier wilh ihe communilies they serve and coniribuie io communiiy building iniliaiives. 7 Communitylvoluntary groups received advice, information and ongoing support lo register as a charity with the Charity Commission and complete their Onli annual returns. Page 5
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Report of the trnstees (incorporatfjng the directors, report) for the year ended 31 March 2025 A Learnlng Communlly contlnved 1,420 children aged O to 3 years participated in a range of early inlervenlion programmes Ihroughout our Talking lo Our Babies programme and 929 paren15 of children aged O 10 3 years old participated in a range of early iniervenlionlpaTh1lng support programmes with An additional 69 parentslcarers completing job specific training such as Makalon. Aulism level 2 & 3, Child Proleciion, Paediairic First Aid. 554 parenislearers and 605 children Mnd young people compleied our 8 week Families Connect programrne. Facr. 168 residents participated in the GSAP Success North West programme. funded vi& the Shared Prosperity Fund. completing 289 educalional quulificalions in cour.ses such as FiTsI Aid, Mcntal Hcalih Firsl Aid, CSR, Food Hygiene. COSHH, Infeclion Control, Working al Heights, Food safely, Manual handling. Forklift induction, Abrasive Wheels, H & S in Caiering and a range of sofi skill sessions. In addition. 55 participants gained employmeni as a sU11 or participation on the Success North West Programme. GSAP compleied 5 cross communiiyl 8ood relaiions outreach programmes during the year. These included ihe annual "Heart of the Community" festival in partnership with Si Brigid's College which was aiiended by over 300 local residents. Ihe Skeoge Health Foir - Cmss Community Iniliaiive and the African Caribbean Festival. GSAP facililaled the delivery of a Traveller Support Iniliaiive in (he Outer NortldBallyarnell DE area during the March 2025 year. GSAP provides ongoing support infraslruclure. lechnical assistance and advice io a WHSCT employee based in the GSAP offices Ai Northside, and are working on creating a dedic4)ted space at Northsidc Community Building for the Traveller projeci. An Influentlal Communlly 14 neiworkin8 evenis were organi.sed andlor facilitated by GSAP which enabled loe&l groupre$]denls 10 share knowledge. skills. and re.8ources and strengthen and build new relationships. including the Skeoge Healih A¢iion Research Project in partnership wilh Developing Healiyh Communities, Ihe PHA, local GPS, the Healthy Living Centre Alliance, Skeoge Community Association and University of Ulster: ongoin8 networking with Boomhall Trusi regarding the resloralion of the Boomhall Estaie and stables,. the Food Poverty Partnership 10 iockle the on80ing issue of food poverty; DE'S Reducing Educational Disadvaniage Initiative; Save The Children and G5AP's ETHOS Family Suppon Hub in order 10 secur additional resources to facilitaie Ihe delivery of a range of Summer & Winier of Play acliviiies for local disadvaniaged families: ongoing networking with APEX Housing Association regarding ihe redevelopment of the vacant lands al Skeoge into new sociavcommunily facilities; ongoing Work and support lo aid Ihe redevelopment of Ihe Galliagh Linear Park. ongoing work with (he Healih Living Cenire Alliance of which GSAP became o formal mcmbcr in December 2024; and the on80in8 panncrship with DC & SD Council in order 10 develop the new PeacePlus funded "Skcog¢ Uniicd" pr()j¢cl. th¢ H IIH2 Housing Developmcni $i¢ering Group. the Afiican Caribbean Community Network, and the Derry Traveller Support Hub.Ongoing networking wilh Outer North NR Partnership, DC & SD Council and a range of local providers, including On Street Comniunity Youth Initiative. Skeo8e Communily Associalion. Culmo Communily Partnership, Shanlallow Youih Intervention Group, Galliagh Residents Associaiion. Rainbow Child & Family Cenire, and Galliagh Communiiy Centre, to Secu a range of funding opponuniiies, including a consensual grant of £87K durin8 ihe March 2025 ycar lo undcrpin community scrvices across Ihe Ballyawnell DEA. wilh GSAP assuming the lead partner role for this programme. The charity also encouraged and supported GSAP siaff & Directors. local communilylinlercsl groups and ffsidenls lo seek andlor maintain preSentatIOn on 20 city wide bodies that operate al a strategi¢ level, including Success North West - Employment Support Initiative. NIHE Housing Community Neiwork. Family Support Hubs (HSCB) CYPSP; Galliagh Linear Park Deyelopmeni sieerin8 Group. DENI I DOJ 2024125 "Wrap Around Educaiional Support Projeci": Skeoge Lands Sieerin8 Group. WHscf lJ)cality Planning Group: Neighbourhood Healih Improvement Project {NHIP)' Foyle Women's Information Network., Wesiern Areas Oulcome Group. the Healthy Living Cenire Alliance,, Outer North & Ballyarneit Local Growth Pannership. Outer North Extended Schools Sl¢¢ring Group; Skeoge Health Action Resear¢h Group; Family Support Hubs- Task & Finish Group and Galliagh Sports Facilities Steering Group. DC & SDC5 Consensual Grant Making Pilot Programme. DC & SDC'S Peace Plus Partnership. H IIH2 steering Group. and Shaniallow Community Suppon Pannership elc. GSAP organised andlor facilitafed a series of partnership meeiin8s. 14 project ideas io advance the physical and social regeneration of the area and to promote and mainiain linkages with key organisaiions.. Gallillgh Bu.$ Shelierq: Skeoge Redevelopmenls; local sporns clubs pit¢h developmenis: Ihe Ballyarnett DEA PeacePlus and Consensual Grant programmes; Ihe Skeoge Action Research Project; the restoration of Boomhall Eslale. Healthy Living Centre Alliance- Consensual Grant Making model and the Communily Climate Action fund. RAISE. and ihe new communily facilily at Beraghva]e, supported by APEX Housing Association. Page 6
Greater Shantallow Area Partnership Llmlted (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 An Actlve Communlty 57 volunteers were cld. trained and supported to participate in comrnunily development work. events and progfammes wiihin ihe Greater Shanlallow Area. Provided ongoing infornialion and advice lo over 40 communitylvoluniary 8roup5 through electroni¢ newsflashes. GSAP facebook. Skills North West facebook, Talking to Our Babies facebook. ETHOS family support facebook and ASPIRE facebook. 13 communiiylvoluniAry 8roups received assistance in completin8 54 ACSs Nl checks through GSAP as part of the recruitrncnl process for staff and volunteers. Local Project Hlghlights During the MAreh 2025 year the charity secured financial funding packages from boih Ihe Department for Communilies and Donegal County Council to enable improvement works to be carricd vul on the charity's premises iin Nonhside. The funding included a Dfc granl of £24,326 and £28,524 from Done8al County Council under the Communily Climaie Action Pro¥Tammc. The work undertaken with these fu nds included a compleie up8rade of the elecirical and lighting systems and the inslallalion of PVC doors and windows. Further funding has also been secured from the Lotlery's Sustainable Buildings Programme to enrry oui further building works including insulaiion improvements and this funding and relllied costs will be recognised in ihe subsequeni financial accounts. During the March 2025 year GSAP conlinued 10 proieci 12 existing local integrated local services managed by GSAP: including the Outer North Community Support Projecl undcrtaken by 3 staff members the 5ecrelarial of Ihe Ouier Nonh Neighbourhood Renewal Parfncrship undertaken by I 51aff member. Ihc Shaniallow Family Suppon Hub (ETHOS) undertaken by 2.5 staff members. Ihe Greater Shaniallow Talking To Our Babies Project undertaken by l FfE staff member, the ASPIRE Programme undertaken by l FfE 51aff mcmber, th¢ GSAP Success North Wesl programme undertaken by 2 staff men)bers; Ihe Gr¢aier Shanlallow Extended Schools Programme 2024125 funded through Ihe EA exiended .schools programme. (he Ouier Nonh Families Connect Project undertaken by I slaff member. Ihe Grealcr Shaniallow Foodbank, the new Skeoge Community Hub al Clon Dara in partnership wilh APEX and the Big Lotiery (4 siaff & 2 pfE stafo. the employmenl of 2 $18ff as play park oiiendanls, the DENI Wrap Around Edu¢aiion Support programme lead by DENI Jnd funded ihrou8h the DOJ Tackling Paramiliiarism programme. Local Project Hlghllghts continued During the Mch 2025 year Ihe charity also continued the developmeni of 4 new integrated community led local services, including: ( l ) the Family support service at Skeoge. which 15 fund¢d by the Trusihouse Chariiable Foundaiion and Apex Housing Association for 3 year5 and which provides an easily accessible family supw)rt service in thc heart of Skeoge; (2) the Skeoge Play Parks mainienance service, operaled under a SLA with Apex Housing for the upkeep and mainienance of Ihe 6 play parks in Ihe area and which has enabled ihe chariiy io employ 2 part-lime aiiendanis., (3) the Skeo8e Health Action Research projeci. Sei up to deliver a compr¢hensive community led healih inequalities research project wilh local residenis and the BallyaTneil DEA Consensual Grant prograrnme which secured £87K in funding for 28 local projecis delivered by 19 local organi5ations. During the March 2023 year the charity continued 10 manage the Skeoge Communily Hub. and the ccounls include anoiher 12 monihs of funding fiom Ihe Big Lottery under the 4 year funding agreement which commenced in September 2021 iogeiher with the matchin8 expenditure. Local servlces provided Solne of Ihe sland out results for March 2025 year deTived from ihe iniegrAted local services included: 165 adults and 277 childrenlyoung people) were able lo access inlerveniionlireatmeni services Ihrough the family support hub, and 214 of ihose young people were able 10 access specialisi support lo address their needs. During ihe reporting period the Family Support Hub made over 1,500 outgoing referrals to over 70 local providers. intervention5 and support services. 307 Year 8 pupi15, across 2 academic years. allending Si Brigid's College in Sepiember 2024 accessed & rnnge of personavsocial development and health programmes as part of ihe ASPIRE programme 190 local residenls participated in healihy lifestyle programmes such as Tai Chi. Chair Aerobics. walking club, Fef50nal development, Swimming. Minding me programme, Restore Nutrition, Outdoor Boot camp, Yoga clc thus reducing social isolation and improving iheir overall healih and well-being. 870 young people uiiending I(al schools accessed a range of exlended school pro8r&mmes and services such as COU115elling• speech Iherapy, outdoor environmenlal education programmes and liieracy and numeracy tuliion eic, Page 7
Greater Shantallow Area Partnershlp Llmited (A company limited by guarantee) Report of the trustees (incorporating the directors, report) ror the year ended 31 March 2025 Flnanefial revlew Financial Review The resulis of Ihe financial year are set oul in the Siaiemeni of FinanciAI Aciivities and additional notes are provided in the accounts showing income and expenditure in 8realer detail. During the year ended 31 March 2025 the charily had total income of £1.122,416 (2024.'£1,282.873) and costs of £l.110.889 {2024;£976,579) resulting in a Surplus of £11.527 (2024.. £306,294) for ihe year. Extended Schools During the year ended 31 March 2025 the charity again Thaged thc EAtended Schools pro8ramme for a cluster of schools in the area. The Exlended Schools programme generated income of £67.234 12024:£60.761) and incurred project costs of £60,734 (2024:£54,761), The charity's management of the Extended Schools programme 8enerated an unreslricted surplus of £6,500 (2024: £6,000) which weni towards meeting the charity's unfunded operaiing costs. As ai 31 March 2025 debtors include a balAnce of £38,328 (2024:£40,025) Telaling to extended schools claims ow¥d, Soclal Capltal ( North West) CIC The year ended 31 March 2025 financial slalements include a donation of £0 12024..£0) 10 ihe ChIlY from Social Capital (North West) CIC, the Iradin8 Company that it owns and operates. AS at 31 March 2025 debiors include £5.580 (2024: £5,357) owed by Social Capital (North Wesi) CIC. Derry Clty & Strabydne District Councll Fundlng Thc year ended 31 March 2025 accounls include grant income of £115,128 (2024:£65.640) from the Disirici Council. The main 8ran15 received from council included aproximaiely £15,oIXI under the consensual fund, £12,0(K) under Ihe venue fund and £37,443 under ihe community support fund. The accounis include £96,335 (2024:£53.730) of malching expenditure relating to the various programmes funded Ihrough the Dislrici Council. As al 31 MaTch 2025 current assets include £14,145 (2024.. £24.280) of 8ranls owed by Ihe counci and deferred income of £52,937 for granis received in advance, Department for Communltles fundlng The financial slalements include £447.907 (2024..£425.504) of grani income from the Dfc during the year. This grani income is malched with the wages CL)%is and overhead cth%is for the different projects operaied by the charity thai Dfc funds. As ai 31 March 2025 debtors in¢lude £71,586 {2024..£39,530) of grani claims due from Dfc while deferred income in cuffenl liabililies includes £17,905 (2024-£8.427) of Dfc grants received in advance. The Calalyst Project - Big Lottery Funded The year ended 31 March 2025 financial statements include £117,764 (2024..£115,572) of grant in¢ome from Big Lotiery tO8ethcr with ihe related matching expenditure for ihe Catalyst Project which operate5 from the Skeoge Community Hub. This funding slarted in September 2021 and is lo run for 4 years. As ai 31 March 2025 current liabililies include deferred income of £59,180 (2024..£57.301) relating to ihe Big IAbtiery grant received in advance. The deferred income and related matchin8 expendilure will be recognised in the subsequent financial siaiemenis. Going Concern The vArAous Dfc fundin8 was again renewed for another year to 31 March 2026 and Ihe board are confidenl that Ihey will continue to be awarded new core funding and a5 such have no ¢on¢¢rns with regards lo the going-¢oncern siaius of the charity. However the charity'5 ability lo coniinue as a going-concern is dependenl on coniinuin8 10 receive core funding. Should the charity not 8el il's core funding renewed il would be likely ihat li would noi be able to continue and the going-concern basis for preparing the accounis would no longer be appropriate. It is currenily expecled thul the various funding will coniinue to be made available to (he charity and as such ihe going-concern basis remains appropriate in preparing the financial slalemenls. Page 8
Greater Sh2ntAllow Area Partnership Limited (A company limited by guarantee) Report of the trustecs (incorporating the dlreclors, report) for the year ended 31 March 2025 Reserves Pollcy Lt is ihe policy of the charily io seek io maintain liquid funds at a level thal would enable il to operate for a reasonable period should funding be reduced or stop. The charity's airn is lo build up ihe Unresiricled Funds General Reserve to provide for fulure cosis and coniingencies that would arise in the event that funding was reduced or stopped so as to allow for ihe orderly windin8 up of Ihe charity. Any funds generaied through projects organised by ihe charity arc used to cover non-funded operating costs and wages. The ¢h8ftty's Unffstrlcted funds balance ai 31 March 2025 stood at £ 201,899 (2024..£164.251). This represenis unreslricted funds available io Ihc charity to cover both ongoing unfunded c0515 *ind would also be available to meet costs in Ihe event that Ihc charily was lu lose ils core funding if Ihe board needed to effect the orderly winding up of Ihe charily. The COSIS lo be covered in this situaiion would include all unfunded redundancy and other overhead cosis to be incurred during that period. Transactlons Involvlng Trustees Any contrac15 entered into by the charily during the year Whe irusiees hAd any interests are as detailed bn ihe Relaied Parties note in the financial staiements. Events after the Balance Sheet Date l ) Posi year end the chariiy has obtained a number of funding offers to enable it to carry oui work on ihc premises, including £50K to insiall solar panels & related battery storage equipment and £36K lo r¥pla¢e the security shuiiers on the building, This fundin8 together with Ihe related c051s will be recogni5ed in the March 2026 financial slaiements. 2) While ihe 2025 year funding applica(ion that the charity was involved in preparing & submiitin8 for rhe redevelopment of Boom Hall was not successful, Ihc charity's board continue 10 be hopeful Ihal Ihere can be further developments with Ihis poieniial project in Ihe future & will continue lo explore potential funding for the project, 3) The 4 year fundin8 application lo the National Loiiery Community Fund for Ihe Skeoge Hub project, approved in June 2021 and arnounling lo approximately £478K. Started lo be drawn down in September 2021 and the March 2025 accounls include arlother full year's figures relating lo the matchin8 income and cxpcndilure for the projeci. The income and matchin8 expendilure for the remaining 6 monihs of Ihe project will be recognised in Ihc March 2026 8¢¢ounis as the project conlinucs. Post year end ihe Lotiery approved ihe use of any 8ranl underspend from Ihi$ funding 10 be used to meei further project cosls up lo the end of 2025. Plydns for future perlods In future financial years GSAP will continue lo develop relaiionships wilh key agencies responsibl¢ for deliverinB services within Ihe area and work wilh local residents, local organisatiL)ns, schools, ¢ommuniiy groups and sialutory a8encics to dcvelop posilivc Changes in Ihe qualily of life of disadvantaged families and neighiK)urhoods thus ensurin8 comprehensive social inclusion. GSAP staff and the Board of Director5 will work hard 10 remain al Ihe centre of ILKal developmenl. This will bc achieved by working even more Closely with local residen15 and communiiy & volunivy groups in the area, remainin8 actively involved in the delivery of the new Ballyarneii Community Plan. Ihe Derry City & Sirabane Disirici Council Area Sirategic Growih Plan llnd the delivery of the Outer North Regeneration Plan, coniinuously iden(ifying the need And pulling forward Sound cases for investment and grasping opportunities that may aris¢ from new government policies and inilialives such as the City Deal. The charity will conlinuc lo aaively seeking the additional funding and fin&nci81 support needed to enable li 10 redevelop and Improve the Community Building ro make li fil for purpose Boing forward. Any P4ddiiional works on the charliS premises is dependent on first securing the necessary funding. Post year end the chJrily has secured approxirnalely £50k of funding from the Nalional Lottery to install 501ar panels and batteries and approximalely £36K of funding froffl Dfc lo replace the se¢urily shutlers al ils Northside premises. It is hoped thal boih of Ihese projecis will be completed before the end of the Mch 2026 year. The charity has also submiited an applicaiion io Dfc for funding io replace the Cent healing sysiem with a more efficient modern gas sysiem. This application hasnl been approved yet but the ¢harily is hopeful ihai li will be approved before the end of the March 2026 financial year and if li is approv¢d the charily will start this projecl straightaway. The charily has also seCUd a further £19k of fuT)ding from the Lottery's Dormant Accounts Fund 10 produce a new strategic development plan for the organisation and to upgrade it5 eniire IT infrastructure. Fuiure developments, based on ihe organisalional review that took place during Ihe year, include the redevelopment of the internul offjce space into modem fit for purpose olfice accomodaiion. Page 9
Greater Shantallow Area Partnership Llmlted (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 Later in 2025 the eharily will have been in exisiance for 30 years and Ihe Board intend lo hold an event to mark this mileslone. Furtherwnore the charity conlinues to work wilh all local interested groups and bodies with regards to progressing the plans and proposa15 for the regeneration of Boom Hall. Statement as lo dlsclosure of Information to auditors In so far as Ihe Iruslees are aware: Ihere is no Yelevani audii information of which the charitable company's audiiors are unllware; and the trustees have Imken all sieps that they ought lo have taken lo make themselves aware of any relevant audil information and lo esthblish that the auditors are llware of that inforniation. Statement of tnjstees, responsibilities The irusiees Iwho are also directors of Greater Shanlallow Area Partnership Limited for Ihe purpose of cornpany law) are responsible for preparin8 the Trustees, Annual Report and the financial siaiements in accordance with applicable law and United Kingdom Generally Accepied Accountin8 Practice. Company law and the Charilies Aci (Nl) 2008 requi the trustees lo prepare financial 51alemcnls for each financilll year which give a irue and fair view ol rhe slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expendiiure, of the chariiable company for thal period. In preparing these financial siaiemenis, Ihe trustees are required lo: sele¢1 suitable a¢¢ouniing policies and then apply Ihem consisiently: observe the rneihods and principles in ihe Chariiies SORP; make judgements and eslimales that are reasonable and prudeni: stale wheiher applicable UK Accounling Siandards have been followed. subjeci 10 ony maierial departures disclosed and explained in Ihe financial statements., and prepare the financial slalemenls on Ihe going concern basis unless li is inappropriate lo presume thai the chariiable company will continue in operation. The tnislees are responsible for keeping proper accounling records which disclose with reasonable accuracy at any lime the financial position of ihe chariiable Compnny and which enable them to ensure that the financial siatemenis comply wilh ihe Companies (Nonhern Ireland) Order 1986. They are also responsible for safeguarding Ihe assets of the chafiiable company and hence for iaking reasonable steps for the prevenlion and detection of fraud and other irregulariiies, Page 10
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 Audltors Shaun McGinty & Co (Statutory Auditor) are deemed to be reappointed in accordance with Section 487(2) of ihe Companies Act 2006. On behalf of the board 81 Mccauley Secretary Charles McDald Dlrector Martln Connolly Director 19 December 2025 Page JI
Greater Shantallow Area Pydrtnershlp Limited (A company limited by guarantee) Independent auditor's report to the trustees of Greater Shantallow Area Partnership Llmlted Report on Ihe audit of the financlal statements Oplnlon We have audited the financial slatemenis of Greaier Shanillllow Area Partnership Limited for the year ended 31 March 2025 which Comprise ihe Siaiement OF Financial Activities. Ihe Balance Sh¢¢t, lh¢ Cash Flow Siatemenl and the related notes to ihe financial slaiemenis, including a summary of signifi¢aT)l accounting policies sel Out in note l. The financial reporting framework Ihai has been applied in their preparation is applicable Northem Ireland law and FRS 102 "The Financial Reporting Siandard applicable in the United Kingdom and Republic of Ireland and Ihe Accouniing and Repurting by Charities. Sialemenl of Recommended Praciice (Charities SORP) applicaljle io chariti¢s prep&ring their accounts in accordance wilh FRS 102. n our opinion the financial sialemenis.. give a irue and fair vi¢w of the IL88eis. liabiliiiesand financial position of the charitable company's affairs as at 31 March 2025 of ils incomin¥ resources and applicalion of resources. including its income and expendiiure, for Ihe year then ended: have been prOrIY prepared in accordance wilh FRS 102 "The Financial Reporting Siandaid applicable in the UK and Republic of Ireland" as applied with regards to Ihe Charaiies SORP,, and have been properly prepared in accordance wilh Ihe requirements of Ihe Companies Aci 21J)6. Basls of oplnlon We conducled our audit In Accordance with Inlernalional Standards on Auditing (UK) IISAS UK) and applicable law. Our responsibililies under those standards are further described in the Audiior's responsibilities for the audit of ihc financial staiements section of our report. We are independeni of ihe charity in accordance with ethical rcquiremenls that are relevant 10 our audil of financial siaiemenis in the UK and Northern Ireland. including Ihe FRC'S Ethical Standard for Auditors. and we have fulfilled our other ethical respon5ibililies in accordance with ihese requiremcnls. We believe Ihai the audit evidence we have obtained 15 sufficienl and appropriate to provide a basis for our opinion. We have undertaken the audil in a¢¢ordan¢e wilh the requirements of APB Fihical Standards including APB Eihical &andard - Provisions Available for Small Enlilies. in Ihe circumst&nces sel out bclow.. In common wilh many oiher businesses of our size and nature we use our auditors to prepare and submii returns lo the x authoriiies and assist with the preparation of the financial slalemenls, Conduslons relatSng lo golng concern We havc nothing to r¢port in respect of ihe following matters in relalion to which ISA (UK) require us to report to you where.. the (rusiees use of the going concern basis of accounling in Ihe preparation of the financial staMen(S is noi appropriate" or (he trustees have noi disclosed in the financial statements any identified material uncertoiniies ihal may easi significant doubt aboui the charity's abiliiy lo conlinue 10 adopi ihe going concern basis of accounting for a period of at least iwelve months from the dale when the financial statements are auihorised for issue. Other Informatlon The Iruslees are responsible for the other information. The other information comprises Ihe information included in the annual report othcr than the financial slntemenls and our Auditor's Report Ihereon. Our opinion on Ihe financial statements does not cover the other information and. except to the extent otherwise expliciily siaied in our report, we do nol express any form of assurdnce conclusion thereon. Page 12
Greater Shantallow Area Partnership Limited (A company limited by guarantee) In conneciion with our audit of the financial slalernents, our responsibility is 10 read the oiher informaiion and. in doing so, con8ider whether ihe oiher infortnation is maierially inconsislenl With the financial staiemenis or our knowledge obiain¢d in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a rnalerial misstaiement in ihe financial stalements or a malerial mi551atemeni of the oiher informaiion. If, based on ihe vlork we have rformed. we conclude there is a materiAI missiatemeni of ihis oiher informaiion. we are required io report Ihal fact. We have nothing 10 report in this regard. Oplnlons on olher malter prescribed by the Companies Act 2006 Based solely on Ihe work undertaken in ihe course of Ihe audit. we port Ihat.. In our opinion. Ihe inforn)aiion 8iven in the Trustees. Report is consislenl with ihe financial statemenls. In our opinion. the Trustees, Report has been prepared in accordance wilh the requirements of the Companies Act 2(MJ6. We have obtained all the infomiation und explanlllions which we consider necessary for the purpose of our audit. In our opinion. the accounting records of ihe charity were sufficieni 10 permii the financial slatemenis lo be readily and properly audiied. and Ihe financial siatements are in a£reennI with the accounling records, Matters on whlch we are requlred to report by exceptlon Based on the knowledg¢ aNI understanding of Ih¢ chariiy and ils environment obtained in Ihe course of Ihe audit. we have not idenlified any malerial mi551atements in Ihc Truslecs, Rcport, We have nothin8 to rew)rt in respect of the following mallers where the Companies Act 2(M]6 requires us lo report lo you if. in our opinion: adequaie accounting records have not been kepi or reiums adequate for our audii have not been received frorn branches nol visiied by us; or ihe financial siaiemenis are noi in Agreement with Ihe accouniing records and reiurns; or certain disclosures of trustees, remuner&iion specified by law are not made. or we have nol received all the informalion and explanations we require for our audit- or Ihe Irusiees, were noi eniiiled 10 P pare the financial siaiements in &CCLirdance wilh ihe small companies regime and lake advania8e of Ihc small companics cxcmplion in prcparin¥ Ihc Trusiecs, Annual Report. Respeetlve responslbllltles Respectlve responslbllltles of the truslees As explained more fully in the Trustees, Responsibililies Siatemenl sel oul in the Trustees, Report, the Iruslee5' (who are 150 direciors for the purposes of company l&w) are responsible for ihe preparalion of the financial siatemenis nnd for being satisfied that they give a true and fair view. and for such internal conirol is they deiermine 18 nece&s8ry lo cnablc the preparation of financial siaiemenis Ihat are free from malcrial misstatem¢nls, wh¢ther du¢ 10 fraud or error. In preparing ihe financial siaiements. the trustees are responsible for assessing Ihe chariiy's ability lo conlinue as a going concern, disclosing, as applicable, mallers related io going concern and using ihe going concern basis of accounting unle55 management eiiher intends to liquidate the charily or to cease operaiions, or has no realistic alternative bul lo do so, Audllors's responslbllltles for the audlt of the flnanclal statements Our objectivcs arc tv obtain rcasonable assurdnc¢ about whether the financial slalemenls as a whole are free from malerial rnisstatemenl, whether due lo fraud or eOr, and Io issue an Audilor's Report ihal includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance wilh ISAS (UK) will always delecl a maierial misstatement when li exists. Misslatemenis can arise from fraud or error and are onsidered material if, individually or in the aggregate, they could ttasonably be expected co influence ihe economic decisions of users taken on the basis of Ihese financial siatemenis. As part of an audit in accordance with ISAS (UK), we exercise professional judgernent and mainlain professional sceplicism throughout the audit. We also.. idenlify and assess the risks of material misslalemenl of the financial slatements, whether due to fraud or eor.deSign and perform audit procedures responsive to those risks. and obiain audit evidence that is sufficient and appropriaie to provide a basis for our opinion. The risk of not detecting a material misstatement Su111n8 from fraud is higher than for one resultin8 from error, as fraud may involve collusion. forgery. intentional omi55ions. misrepreseniations. or the override of iniernal Conirols. Page 13
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Obiain an undersianding of iniemal control relevant 10 the audit in order to design proceduTes Ihal are appropriat¢ in Ihe circumstances, but noi for the purpose of expressing an opinion on the effectiveness of Ihe iniernal control. Evaluate Ihe appmpriaieness of accouniing policies used and ihe reasonableness of accounting eslifflales and related disclosures made by the trustees. conclude on the appmpriaieness of Ihe dir¢¢iors use of ihe going concern basis of accounling and. based on the audil evidence obtained, whether a mai¢rial uncertainty exists relaled to evenls or condilions Ihat may cost significani doubi on the charily's abilily lo continue a5 a going concern. If we conclude that a malerial uncertainly exists. we are required lo draw allenlion in our audiior's report io ihe related disclosures in the financial slalemenls or. if such disc105ures are inadequate. 10 modify our opinion. Our conclusions are based on ihe audit evidence obtsined up lo Ihc date of our audilofs report. However, future events or condiiions may cause the charily lo cease to continue as a going concem. Evalua(e ihe overall presenlalion. Slruciure and conteni of ihe financial slalemenls, includin8 the disclosures, and wheiher the financial staiemenis represent the underlying Iransaciions and evenis in a manner Ihal achieves fair preseniniion. We comrnuni¢aie wiih those eharged with governance regarding, among other mallers. the planned scope and timin8 of the audil and significant audit findings, including any significant deficiencies in internal control ihat we identify during our audil. The purpose of our audlt report and to whom we owe our responslbllltles This report is made solely lo the charity's trusiees. as a body, in accordance wilh Chapler 3 of Part 16 of ihe Companies Act 20. Our audil work has been undertaken so thal we might slaie to the charily's Irusiees those matters we are required 10 state to ihem in an auditor's report and (or no other purpose. To Ihc fullest extent permiiied by law, we do noi accept or assume responsibility lo anyone other than the charily and the charity's trust¢¢s as 4 body, for our audit work, for this report, or for ihe opinions we have formed. Shaun McGinty (S nlor StatutoryAudltor) 'or and on behalf of Shaun McGinty & Co (Statulory Audltor) Chartered Accountants and Reglstered Audltors 44 Woodbrook Derry BT48 8FF 19 Deeember 2025 Page 14
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Statement of financial activities (incorporating the Income and expenditure account) For the year ended 31 March 2025 Unrestricted Restricted funds runds 2025 Unreslrlcted Reslricted Total funds runds 2024 Total Notes Income Income from generating funds.. Income from donalion5 and legacies Income from other trading activities Other income 12.050 77.369 5,(X)O 967,263 60,734 979.313 138,103 11.955 1,137,174 1,149,129 73,983 54,761 128,744 5.CKIO Total income 94,419 1,027,997 1.122.416 90,938 1,191.935 1,282,873 Expenditure on SIAff cosis Esiablishmenl costs ML)ior and Iravelling expenses Accountancy fees Audiiors. remuneralio Legal and professional fees Communications and IT Oiher office expenses Interest payable and similar charges Depreciation and impairmcnl Loss on disposal of inlangible fixed assets for the charity's own use Miscellaneous expenses Donations Project cosls - GenerY41 Project Costs - Exiended Schools Projeci Costs - Dfc ThOB Project Costs - DC & S D Council Project Costs - DENI WRAP Project Costs - Bi8 [lIcrY funded 39,250 551,433 96,750 3,592 4,535 590,683 96.750 3.592 4.535 1,1 12.406 4,236 15,187 8,332 41.562 40,874 21.669 1.770 1,760 528,519 69,032 1,976 1,640 569,393 90,700 3.746 3,4QO 1.100 6,639 3.700 16.473 3.020 11.649 .487 10,919 4.236 15.187 6.639 16.472 7,219 8.815 3,020 1,485 32,747 10,164 15 15 4.544 250 31.110 54,761 33.267 53,730 61,845 27,237 5,777 5,777 4.543 250 970 54,446 60.734 32.201 96,335 63,000 20.013 54,446 60,734 32,201 96,335 63,000 20,013 30.140 54,761 33,267 53,730 61,845 27.237 Total expendsture 56,771 1,054,118 1.110,889 78,453 898,126 976.579 Net incomel(expense) resources for the year I Net Incomol(expense) for the year 37.648 (26.121) 11.527 12,485 293.809 306.294 Total funds brou8hi forward 164,251 301.650 465.901 151.766 7.841 159.607 Totsl funds carrAed forward 201.899 275.529 477.428 164.251 301,650 465,Y)I The statement of financial acriviiies includes all gains and losses in the year and iherefoie a separaie siatement of total reco8nised gains and losses has nol been prepared. All of Ihe above amounls relate lo continuing activities. The notes on pages 18 to 28 forni #n inlegral part ol these flnanelal s¢alement& Page 15
Greater Sh8ntallow Area Partnershlp Llmited (A company limited by guarantee) Balance sheet as at 31 March 2025 2025 2024 Notes Fixed Assets Tangible assets Current Ydssets Debtors Cash ai bank and in hand 10 349,587 384.523 188.357 283,615 177,297 171,748 471,972 349,045 Credttors: amounts falllng due within one year 12 (267.591) (183.832) Net eurrent assets 204,381 165,213 Total a&qets less current li&bilitles Creditors: amounts falllng due after more than one year 553,968 549.736 13 176,540) (83,835) Net assets 477.428 465,901 Funds Restricted income funds Unrestricted income funds 14 275.529 201,899 301.650 164,251 Total funds 477,428 465.gYII The fina al lalement re approved by Ihe board on 19 December 2025 and signed o behalf harles McDaid Dlrector athal McC¥duley Dlreclor Ma In Connolly Dlrector The notes on pages 18 to 28 form an Integral part of these financial slal¢ment& Page 16
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Cash flow statement for the year ended 31 March 2025 2025 2024 Notes Net income for the year Inieresi payAble Lossl(Gain) on disposal of fixed as5¢15 Depcl&lL0n nnd impainnent Increase in debtors In¢reasel(Decrease) in crediiors 11,525 8.332 306,294 3.020 15 11,649 (27,786) (83,465) 41,562 (11.060) 83,842 Net cash Inflow from operating activilles 134,201 209,727 Relums on investments and servicing of finance Capital expendiiure 23 23 (8.332) (6.626) (3,020) (392.785) 119,243 (7,295) (186.078) 93.835 Finllncin8 Increasel(Decr¢as¢) in cash in the year 23 111,948 (92,243) Reconeillatlon of net cash flow to movement in nel funds 24 Inereasel(Decrease) in cash in the year Cash inCTeasel(decrease) in debts and lease financin8 111,948 7.295 (92.243) (103,835) Change in net funds resuliing from Cush flows Other rnovemenls 19,243 (196.078) 10.000 Movement In net funds in the year Net funds Vdt l April 2024 19,243 76,392 (186,078) 262,470 Net funds at 31 March 2025 195,635 76,392 Page 17
Greater Shantsllow Area Partnership Lfjmited (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2025 Accounting policies The principal accounling policies are summarised below. The accounling policies have been applied consisienily Ihrou8hout the year and ihe preceding year. 1.1. Basts of accounting The financial slalemen15 are prepared under the historical cost conveniion und in accordance wilh Accounting and Reporting by Chariiies.. Siaiement of Recommended Practice applicable to chllrities preparing their aeeounls in accordance wilh the Financial Reporting Stand&rd applicDble in the UK and Republic of Ireland (FRS 102} (effeciive l J2nuary 2015) - (Chnriiies SORP (FRS102), Ihe Financial Reporting Sthndard applicable in Ihe UK and R¢public of Ir¢land (FRS102) and the Companies (Northern Ireland) Order 1986, 1.2. Income All income is included in the sla(emcni of financial activiiies when Ihe charity is enlilled to the income and rhe mount can be quantified wilh reAsonAble accuracy. The following spe¢ifi¢ policies are applied to particular caiegories of income: Donalions arld legacies income, fomierly voluniary income. is received by way of grants, donaiions and gifis and is included in full in the statement of financial &Ciivilies when receivable. Grants where enliilement is nol conditional on lh¢ deliv¢ry of a specific peiforniance by ihe charity, are recognised when the chority becorncs ufteonditionally eniiiled to the grant, Donated services and facililies are included al the value lo ihe chorlly where this can be quaniified. The value of 5CTvices provided by volunieers has not been included. Gifts donaied for resale are included as incoming resources within activities for generating funds when they are sold. Granis. includirtg grAnis for ihe purchase of fixed assels, are recognised in full in the slatemeni of financiBI aciivilies in the year in which they are receivable. The March 2024 accoun15 include ioial grani income of £1,047,629 (2023..£809.451) provided lo the charity by a varieiy of funders lo assisi in mecling ils payroll and other operaiing cosis and also io assist with ihe purchase of fixed ass¢ls, The charily has fully complied with the ierms and conditions scl out by the funders in their leiiers of offer. 1.3. Expendllure Expenditure is recognised on an accrual basis as a liability is incurred. Expenditu includes any VAT which cannot be fully recovered. and is reported as part of Ihe expendiiure io which li relares. Costs of generaiing funds comprise ihe cosis associated wilh allracting voluniary income and any cosls of trading for fundraising purposes irteluding ihe chaTily'S shoplcafe. Charilable expendiiure cornprises those costs incued by the charily in the delivery of lis Activities and services for ils beneficiaries. It includes both c0515 that can be allocaied directly to such activities and those cosis of on indirecl naiure necessary to support them. Support costs are those cos15 incutred direcily in suppon of expenditure on the objects of the Charity and include projcct management, Page 18
Greater Shantallow Area Partnership Limfjted (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2025 1.4. Tangible fixed SSets and depreclatlon Tangible fixed assets are staled al cost less accumulaied depreciation. Depreciation is provided al rates ¢al¢ulated to wriie off the cosi less residual value of each asset over its expected useful life, as follows.. Leasehold properties Fixtures, filtings and equipmeni Siraighi line over 10 ye&rs 25% and 33.33% siraighl line 1.5. Deflned contrlbutlon pension sehemes The pension cosls Charged in the financial stalemen15 feprc5enl thc contribulion payable by the charity during the year. 1.6. Debtors Debtors are recognised al the seiilement amouni due after any discouni. Prepayments are valued at the net amount prepaid. Grani income iecosnised by rhe charily from funders. but which has noi yet been received at ihe year end, is included in debiors. 1.7. Cash at bank and hand Cash al bank and in hand comprises cash on deposii ai banks requiring less Ihan 3 months notice of withdrawal. 1.8. Credfitors And provlslons Creditors and provisions are recogni.sed where Ihe charily hasa present obligalion resuliiii8 from a past eveni, which will probably rc5uII in the Irdnsfer of economic value lo a third party. and the amouni dlbe to seiile ihe obligaiion can be reli&bly measured or eslimaled. Creditors and provisions are normally recognised at their settlement amounl&fier allowing for any discouni. Funds already received from funders thai do not meei Ihe criieria for recogniiion as income. are shown in credilors, Critical accounllng Judgements and key sourc&s of estimation uneerlalnty The followin8 are the criliLdl judgements and esiimaies thai the Trustees have made in the process of applying ihe charity's accounling policies and that have Ihe mosi significant effect on the arnounts recognised in the financial slaiements. Depreciatlon and useful Ilves of assets The depreciaiion rales are based on expected useful lives of the relevant assels. The eslimales and underlying assumpiions are Teviewed on an ongoing basis and could have & materiial impaci on boLh the results for the year and the financial position if aliered. RecoverabS1Siy of debtors In assessing ihe recoverabiliiy of amounis due from debtors, the Irus¢ees have made the assurnption that any impairmenl resulting from Ihe non-Tecoverability of the debtors owed to the charily will noi be in excess of the bad debt provision that hus been pul in place. The Iru51ces believe that no further provision is required. Page 19
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Not£5 to financial statements for the year ended 31 March 2025 Income from donallons and legacies Unrestrlcted Restrleted funds funds 2025 Unrestrlcled Restrlcted Total funds funds 2024 Total Donations Capital Donation from Northside Grants receivable - Dfc NR Granis receivable - Dfc CIF Grants receivable - Dfc Job start Granis receivable - DENI - WRAP Granis receivable - DC & SD Council Grants Teceivable - WHSCT Grants receiv&ble - Triax Grants receivable - Big Lottery Grants receivable - DLUHC Grant% rcccivablc - Oiher 1,450 1,450 1,500 1,5tY) i(yJ.000 340,713 64,328 20,463 67,000 65,640 48,062 103,282 115,572 194.438 28,131 iOO,(M)O 340,713 64,328 20,463 61,845 65,640 42.762 103.282 115.572 194,438 28,131 362.956 68,988 15,963 63,000 115,128 57,529 112,205 117,764 362,956 68,988 15.963 69,(XX) 15,128 62.129 12,205 17,764 6.000 5.155 4,600 5.3(X) 53.730 53,730 12,050 967,263 979,313 11,955 1,137.174 1,149,129 Income from other tradlng acllvltles Unreslrlcted Restrieled funds funds 2025 Unrestricled Restrlcted Total funds funds 2024 Tolal other Activities Income - Extended Schools Oiher Activities Income & Fees Renial income 6,500 61,869 60.734 67,234 61,869 9,000 6,0(Ki 67,983 54.761 60,761 67,983 77,369 60.734 138,103 73,983 54.761 128,744 Other income Unrestrieted funds 2025 Unrestricted Reslrleted Total funds runds 2024 Total Other income 5,OC() 5,(X)O 5.000 5.000 5,000 Page 20
Greater Shantallow Area Partnership Limited (A company limited by guarAntee) Notes to fjnaneial statements for the year ended 31 March 2025 Net income for the year 2025 2024 Nei income is slated after charging- Depreciaiion and oiher amounis writl¢n off langible fixed assets Loss on disposal of tangible fixed assets Auditors, remuneration - excluding accounlancy fees 41,562 11.649 15 1.100 1,100 The March 2025 year operating costs include exceptional property refurbishment cosis of £41.212. These costs were fully funded by granis from the Dfc in Northern Ireland 2nd Donegal County Council. Employees Employment costs 2025 2024 Wages and salaries So¢i81 security costs Pension costs 530,230 43,669 16,784 510.655 42,094 16.644 590,683 569,393 No employee received emolumenis of more Ihan £60,IJOO (2024 . None). Number of employees The average monihly numbers of employees (including the Ifustees) during Ihe year. calculated on ihe basis of full lime equivfilenls. was as follows,, 2025 Number 2024 Number Trusle¢s- Voluntary & Pan-lime Administration ond management Project siaff and iutors 12 13 20 20 36 37 Payroll costs include a lolal wages co, includin8 ER NIC and ER pension, of £54.257 (2024:£51,600) relaiing 10 the project manager. The Iruslees aff all voluniary and do noi receive either remuneration or expenses for thelr services as irustees. During Ihe March 2025 the chairman received £76 in travel expenses for atlendance at meetings on behalf of the charity. Page 21
Greater Shantallow Area Partnershlp Limited (A company limited by guarantee) Notes to financlal statements for the year ended 31 March 2025 Pensfion ¢osts The company operates a defined eontribuiion pension scheme in respeci of Ihose eligible employees who choose lo join the pension scheme. The scheme and ils asseis arc hcld by independent rnanagers. The pension charge represenis coniributions due from the company and was as follows.. 2025 2024 Pcnsion charge 16.784 16,644 Taxatlon The charity's activities fall within Ihc exempiions afforded by the provisions of ihe Ineome and Corporation Taxes Act 1988. Accordingly, Ihere is no taxation charge in ihese accounts, Long Fixtures, leasehold filtings and property equlpmenl 10. Tanglble fixed assets Total Cost Ai l April 2024 Addiiions 383,250 52,13J 6.626 435,385 6,626 Ai 31 March 2025 383.250 58,761 442,011 Depreclatfion Ai l April 2024 Charge for the year Ai 31 March 2025 6.400 38,325 44,462 3,237 50,862 41,562 44.725 47.699 92,424 Net book values Ai 31 March 2025 338.525 11,062 349,587 Ai 31 March 2024 376.850 7,673 384,523 11. Debtors 2025 2024 Trade debiors Amounts owed by Social Cnpiial (NW) CIC Other debtors Prepaymen15 and accrued income 169,426 5.580 159.052 5,357 2,550 10,338 12,351 188.357 177.297 Page 22
Greater Shantallow Area Partnership Limited {A company lirnited by guarantee) Notes to financial statements for the year ended 31 March 2025 12. Credltors: amounts falling due wllhfin one year 2025 2024 Bank overdraft Bank loan Trade ¢dItOrS Other taxes and social security Other creditors Accruals and deferred incon 1,438 lo.0 92.652 9,781 5,878 147,842 1,521 10,IM)O 78.099 8,350 2.765 83.097 267,591 183.832 The loan is secured by a first legal charge, in favour of Ulster Communiiy Investmeni Trust, Tegistered againsi the charity's property. 13. Credltors: amounts falllng due after more thAn one year 2025 2024 Bank lonn 76,540 83,835 Loans Repayable in one year or less, or on demand (Noie 12) Repllyable between one and iwo years Repayable bclween two and five years Repayable in five year5 or more i 0,000 lo.0 30,1XIO 36,540 10,000 10.000 30,000 43,835 86,540 93,835 The £95,(KIO loan received from Ulster Investment Commuftily Trnsl Limiled, Iradlng as Communily Finance Ireland, lo assist with Ihe purchase of Ihc Nonhside offices during the March 2024 yev4f 15 repayable over a l O year term. The loan is secured by a first legal charge, in favour of Ulster Community Investment Trusi, regisiered against the charily's propeny. 14. Analysls of net assets between funds Unreslrieted Restrlcled funds funds Total funds Fund balances at 31 March 2025 as represenied by.. Tangible fixed assels Current assets Curreni liabililies Long-term liubilities 79.997 269,590 208,442 263,530 {10,(K)O) (257,591) (76,540) 349,587 471,972 (267,591) (76.540) 201,899 275,529 477,428 Page 23
Greater Shantallow Area Partnership Limited (A company limited by guarantee) Notes to financial statements ror the year ended 31 March 2025 15. Unrestrlcted funds At l April Incomlng Outgoing 2024 resources resources At 31 March 2025 Unresiricied Reservcs 164,251 94.419 (56,771) 201.899 Purposes of unrestricted funds Unrcsiricied funds have been buili up lo enable the charity (o meet the non-grant aided portion of it's operating costs. 16. Restrfcted funds At l Aprll Incoming Outgolng 2024 resources rnsources At 31 Mareh 2025 Operating Costs Capiial expendiiure costs 4.442 1.021,371 (1.021.371) 297.208 6.626 (32.7471 4,442 271.087 301,650 1.027.997 (1,054,118) 275,529 Pllrposes of restrlcted funds The majority of Restricted funding received by Ihe charity is to ¢over the operating costs of the orynisaiion. Throughout ils existence the charily has received vArious resiricted ¢4piial grant funding to cover capital costs of fixed asse15 acquired by il in Ihe course of ils operations. Funders who havc provided capital 8ranls lo Ihe charity include the Department for Communities. Big Lollery and Triax amon8 oihers.The March 2024 accounis included a capital grant of £194,438 received from DLUHC Io8eiher with the capital donation of £IOO,(M)O received from Northside Development Trust which were used to assisi Ihe charity with funding the purchase of the charity's Northside premi.ses during the year. The toial property capilal cost was £383,250 exclusive of prDfesqional fccs and the charily is self funding the shortfall belween the capital income and ihe propeny cost through a 10 year loan obtained from Community Finance Ireland. The repaymeni of the loan is to be funded from the charity's ongoin8 8eneralion of addilional unrestricted income. The March 2025 accounis include a capital grani of £6,626 from Dfc. 17. Flnancial eommltments As at 31 March 2024 the company has property leasing cosl commiimenis of approximately £ 40.000. Page 24
Greater Shanlallow Area Partnership Limited (A company Ilmited by guarantee) Notes to financial statements for the year ended 31 March 2025 l8. Contingent Ilabllltles l) Grants income, including the £194.438 capital grant recognised in the March 2024 accounis from the Depanmenl for Levelling Up, Housing and Communities. could k repayable to the various fvndcrs in the event that the company failed to comply wilh the teTms and conditions per the various leiters of offer. There is also a signed legal charge in place beiween GSAP and ihe Department for Levelling Up, Housing & Cofflmunilies which runs for a period of 7 years and sets oui cenain clawback condition5 atla¢hing lo the grant. The charity continues 10 meei Ihe lemis and condilions of all Ihe funding offers and as such no provision 15 necessary for the reiurn of grani funding or any funding clawback obligations. 21 If the charity slopped operating Ihere would be a potential redundancy liability which al the year end would have been in excess of £50.000. This poiential wages cosi would have to be funded from UnTeslriclcd Teberves as il is noi covered by ihe lunders. The accounts have been prepared on a going concem basis and the charity ha5 no plans lo reduce or cease operations. As such no provision CUTTenily needs included in the financial siatemenis in spect of the poieniial redundancy costs. 19. Transaetlons wlth trustees The dire¢iors l irustees are all voluntary and do noi receive eiiher remuneralion or expcnscs for their services a5 direciors / Iruslees. During the March 2025 y¢Éir Ihe chairman received £76 in travel expenses for aitcndance ai meelin8s on bch51f of the Charily. Pydge 25
Greater Shantallow Area Partnershlp Limited (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2025 20. Related p9rty transactlons l ) The March 2025 year expendiiure includes £9,244 due to Liberty Con50rtium. All such expejmlilure occurs under normal operating tenms & if applicable. is checked & approved by the funders. As ai 31 March 2025 Creditors include £850 owed io Liberty Consortium. Mr Darren Kirby. a GSAP employee, is a direcior of Libeny Con50rtium. He is not involved in Ihe decision-making for Iransactions involving boih organisaiions. 2) The Mar¢h 2025 year expendiiure includes £21,980 to Shantallow Communiiy Residents Association (SCRA). £2.1(X) lo Tearnworks CIC And £8.725 to Shantallow Youth Inilialive; while income includes £11,257 from SCRA. As ai 31 March 2025 d¢btors include £6,379 owed by SCRA and crediloT5 include £8,550 owed lo SCRA and £41Y) owed lo Ihe youth inilialive. All iransaclions between ihe organisalions occur under normal terms . if applicable. are checked & approved by the funders. Mr Cathal Mccauley, a GSAP direcior, is employed by SCRA & is involved in the management of the other organisations. He is not involved in the decision-making when projects involve these OTganisations. 3) The March 2025 expendiiure includes £100 du¢ ro L¢afair Community Association (LCA). As at 31 March 2025 creditors include £100 due io l.CA. All iran8aclir)ns belween the¢ organisalions occur under normal term5 , if applicable. are checked & approved by the funder, Peter M¢Donald. a fornKr GSAP director, was an employee of LCA; while Mr G Mcmonagle. a GSAP director is also a director of LCA. Neiiher Mr McDonald nor Mr M¢Monagle are involved in the decision-making for pTojeclS involving these or8anisalions. 4) There were no donaiions 10 the ch2riiy from Social Capiial (North Wesl) CIC, Ihe Irading company owned by Ihe eharily. However during the March 2025 year GSAP paid £223 of cosis fuT Ihe CIC & as al 31 March 2025 debtors include £5.580 owed by the CIC fur c0515 paid by GSAP, The i)oard of the CIC comprises 2 members of the charity's board. The CIC'5 conslilulion requires il to donate any surpluses generaied 10 the chariiy. 5) The March 2025 accounls include a debtor loan balance of £1,000 owed to GSAP by Galliagh Womens Group after the repayment of £1.51)O during Ihe year. The expendiiure for Ihe March 2025year includes £3,750 due lo Galliagh Womens Group and crediiors as at 31 Msarch 2025 include a balance of £750 owed lo the group. All transactions beiween the organisalions occur under normal conditions , wh¥re applicable. are checked by funders. Marie Gillespie, a GSAP direclor, & Rosie Doherty, a fornier director, ore ls0 involved in Ihe m&na8emeni of the womens group, 6) The March 2025 year accounis include expendiiure of £25,392 duc io Rainbow Child & Family Cenlre, As al 31 Murch 2025 there is a balance of £1957 owed 10 Rainbow. All transactions between Ihe 2 occur under normal opeiaiin8 condiiions & where applicable, are checked by the relaied funders, Elaine Young. a GSAP dierector, is employed by Rainbow, bul ha5 no involvement in the charity's management decisions involving the 2 eniiiies. 71 The March 2025 expenditure includes £4,000 due to Bios Compuiers Ltd while ihere are no ouisi&nding balan¢es owed as Al 31 March 2025. All Iransaclions between the 2 eniilies occur under normal condiiions where applicable are checked by ihe relaied funder. DaTTen Kirby, a GSAP employee. is Ihe brother of the owner of Bios. Darren Kirby is nol involved in the charity's decision-making for projects involving both enlilies. 8) The March 2025 expendilure include5 £5,270 wilh Skeoge Communily Association& income includes £1.295 from it. A5 al 31 March 2025 Ihere are no ouisianding balances between the 2 organisaiions. All transactions between the 2 occur under nornial conditions where applicable. are checked by ihe relevani funder. Nicola Mullan & Caroline Ming, boih GSAP employees. Are Also involved in the managemeni of SCA. Neither are involved in the chariiy's dccision-making in projecls involving the 2 enlilies. 21. Controlllng interest No one member of Ihe board of director5 15 able lo exercise conlrol of the company rather il is conirolled colleciively by lh¢ board of d1clor$. 22. Post balance sheet events Page 26
Greater Shantallow Area Partnership Limlted (A company Ilmited by guarantee) Notes to financial statements ror the year ended 31 March 2025 23. Gross cash flows 2025 2024 Returns on Investments and servicing of finance Intcresi paid (8,3321 (3.020) Capltsl expenditure Paymenis io acquire iangible assels (6.626) (392.785) Financfng New bank loan Repayinent of bank loa 95,000 (1.165) (7,295) (7.295) 93,835 2 Analysls of Chang in net funds Openlng balance Cash nows Closlng balanee Cash al bank and in hand Overdrafts 171,748 (1,521) 111,867 83 283,615 (1,438) 170,227 111.950 282,177 Debt due withln one year Debt due after one year ( i o,o(x)) (83.8351 (10.O(K)) (76,5401 7,295 (93,835) 7,295 (86.540) Nel funds 76,392 119,243 195,637 Going concern The various Dfc funding was again renewed for another year 10 31 March 2024 and the funding from the National Lottery Communiiy Fund runs until 2025. The board are confident that they will continue lo be &warded new core funding and as such they have no Concerns with regards to the going-concern status of ihe chariiy. Howevcr (h¢ charily's ability lo conlinuc as a going-concern is dependent on coniinuin8 to receive core funding. Should the charity nol gel il's Core funding renewed il would be highly likely that it would not be able io continue and the going4oncern basis for preparing Ihe aceounis would no longer be appropriute, It is currently expected thai the various funding will continue to be m&de availabl¢ lo the charily aT)d a5 such Ihe going-concern basis remains appropriate in preparing the financial slalemenls. 26. Company Ilmlted by guarantee Grealer Shanthllow Area Partnership Limited is a company limited by 8uarantee and accordingly does not have a share capital, Every member of ihe company undertak¢s lo conlribute such aJnounl as may be required not exceeding £1 10 the asseis of ihe charitable company in the evenl of ils being wound up while he or she is a member, or within one year afier he or she ceases to be a member. Page 27
Greater Shanlallow Area Partnership Limited (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2025 27. Llmltation of Audltors, Llablllty As slated in Ihe leiier of engagenI which was signed and approved by Ihe l)oArd of direciors, the liabiliiy of the auditor is litniled io the amount of the annual fec. Page 28