Short Strahd Partnershlp {A¢dmpany I[0 byguarinlq9',nof fvavlngw &hMr4 qgpjta Annual Rep¢>rt aftd Unaudltéd Flnanclal Statefftents for the flnanclal yoai ended 31 JaIary 2025 Quartor ChartgredAccountanl# St Anno'8 Hou4è 15 Chureh 8treèt Cqlhgdrdl Irter Bqlfa8t TI. IPG C¢mpany Numhr: N16tl1974
Trugte'pg onorJoseph Koen8n Paul Mocrory Agne8 MGGlnley Dg881è M¢Cabe M¢Conno11 harlty Numbprln Northgrn Irgland 10Q273 Comparty Reglstr4tlrffi NumlY N1fj01974 Rgqlstered offi and Prlnrlpal Addr¥¥8 26A Bfjothlteld Boflast BT&4BQ Indepondent Examln9r Quarlor ChArteredAwuntsnls 8tAnng'8 Haus8 15 Church Streèt Ceth9dral Quwt# Bn IPG Prlnclpgl B4nkers UlsterÈ8nk Archps Reig11 Park ttonnswatsr Unk Bpifast r54AF
Shortslrnnd P8ther4hlp Is a Comp4ny Lknlfed by Guaranteè Hrkj Ib & Chth moconlsed by tha ChartyComml¥slon fvr Nl and HM Rè¥enue ond Customs. R18 8 fiol fvr prfi otganl8auon. Tha FDmpany Wag q8labllshed und9r Memorandom ol AsslatIOn whloh gstaknl$hed tho obJed8 and powers of thg qompgny and b govgmBd )der Its Aruclpg ofAgthfj¢Jn. Inlmentollru8te8B'. o ChalrrnAn 4nd tha Tru8tep# r8'oOrllnv8nd n9w Trusfeeg AB neoded. New'Tiu$lepu qrg reryulled ot7 thè rglvv8n¢0 otIlT•fr Sk, and Ihelr rotsnual tp bo able to moke a h¢lpfvl #onlrfbulkjn tij the 9ttv•manr8 of thè fjhttrfty, A8 Part of thlg proc8ss thèy Are ntsde awar8 of a Ttru9tpes' legal ONlgaiiortH undgr ¢horlty and company14w, ¢ont8nl c¢1 the erDorarndum 8ri¢ Arft3le8 of Assoclallon, Iho daclslon rnoklNA pro¢e&8Qg, the buglnes$ Plfjn and reoEnt flnBnokl porfumiancè Df Iho charl¢y. Ontte Ihe potenV81 llew Tte8 has agr8ed to bd cw$tdwed for appjlntmentlhey'can bB Collopled by the thrgctOTS vnll fomial vollnu by'm9mb¢rs oocurs 81 th8 nexlAnhual Genow Meèttnè. AtWomBTht8 for8bttltyPgy and rnmunoraflon of key thari4gèment P¢tsonn&l The tJlr9cAor o)hdOer8 that tha boar4, who arè th8 tharlll8 Iwsteos. Ènd th8 se#kJr manog&m&nl team Gpmprtge Iha Rey hJanog8mgnt P8rsonnel ofth6 charfty h charge ofdlreotlrKJ end ¢ontrollSn9: fLWntng and opero11ry Ihg oharflyon a daylo doy b48f8. Al dlrector8 gtyg of thelr Ilrne fregly and nc5 dlro¢tv To¢Ved remuneratlon In thayear. arganlyatlon Btsuebjro and how ¢harftyMako5 docf8lDn Shurt Strand Partnershlplg govwned by BoFrd. Thg ccthp4ny18 manpgèd on a to day baslB by a senlry managgmpnt team ps appplnl&d by Ihg 80grd. Th¥ Board meelg blmonihfy, ondlg eppolnted by lh6 m8mb&r8 atthp Atsm. A 8ghloi man¥ement tsam man¥Jes the dHy fo day 8GttvlNes of Ihp wrnpany, ond reportg on o)mpany performa'nce'to ail tsoard n7eknq8, R6vlawof A¢lfvltl•8, A¢hlovemonts and Perforniantro Supportfttg of S&lnt 8(the9 Houslng As8oclatton In th8 m18k)n of 4Uallty Bb¢[ hbu8lrtg, Suppoty and dd!v8dng of FfoJecl4 to hants8 thp ènvlronrn4nl and ¢toalty q safo lacg Itl Ythlch to IEve. Wormng wlth varfotsB ag8n¢Tès ¢rfmF piev8nttori and er¢GIIoD of allgy OatQ8 fo provld9 Q 19(ty fpr reoldgnts Ilvlng dIr&Cl on th8 Inknfar8, Llalslnqwlth davelopqrs forthe provlsion of wc481 b)uslng Slrllcco sllo Sqektno ihe relo¢aUon ol Tr4nsllnk 8'u8 0gPOt' so thot thls may brouglit ba¢k In Io ccqnmunlty uso for tho PrpOs9 of provi¥lon qualliy socfal houglnu and a yeMJthlhéafthlwgllb8lnu18porubtrO fadTIty on th194tt0. plon8 foyfijtyre perltxI8 The SSP Plorw eonunulng the q¢dv1tt9s otrjdlned 8bov8 ITr thg fthcomlng ye8 8ubJ¢ct lo satl3fAthy fijrth g9mlI8. Flnan¢lal Revlghv As rnentloned 8bovè wg. organlsoUon$, have b¥en Inspcure r¢9ardlryJ our fvtup ln tern of 8tr818glo Pl8nnlryg. The laok OF Éovemfft¢nt Oepartments 8n4 ¢IFedk)n ol what bavallgb18 ha$1gd to un¢#rtolnty rf whal MO¥t gUpS pl8n ahgad for In Vto fvlwaln relatton lo fundlD9 Th18 can bè seen In ourfundlng durfng the year and mog1 Importantly the d81148nGy of fia1$ of £13.72a atoury08r Ond. Wo hop9 thatln Ihocimlnu ygarour In(a40 8md wo nanc]nutOurWolk to help the ¢ornffiunlly 8nd leko orb mora pnjeots.. Flnonol81 Re8uIIs At the end of tho Iln8ndal year thd MpanY hds a8sots of £125 (2024 - £1401 artd Upblllues of £470912024 - Éf#,Jè6J. Tha nel Ilabllllle& DI Ihe company have d$¢r¢ed by £8,142. Tho truBlee8 J*vod thrtsughoui the tknan¢lal your. except a8 noted, Wetg a$ fotlow4: Conui Josoph Kgen4n Paul A9nos MOGIDI Dessle Mccg B8mle McQonngri In occordanee Wlth ttpCon8111ullon. th& thjthès rettry by rntsllotl gnd, belng 9figlble. offgr thomsétV08for ro4leGtton. Compllancewlth 8octorvWlde Leglolatlonand $14hdard8 The wnpAny enggg8& piTraollvdY wlUTr18018IAllon, $10nd8rd6 ond eod98 Ythlch d8v81op8d for tho 18ctr. Short 8ts8ndPartngr8hlp 8Uh8tt1be8.loand A eompltantwlth Ihg ftJlbwlbVJ: Thè CoMnIe4 A¢t20D6 "Tho thorfUg9 SQRP (FRS102)
Tho trusl9è8, whts 0 8180 dlrèctors of 8hort81r8nd Parkngrshlp lorthg pur[¢$ ¢f eompony law, are feSFKin$lbl8 for rep8rlng Ihg Ilnanclal glalemenls In a¢o)rd8nco wlth appllo4bi8law.and regulaUon¥, company lawrowlro$ thg trust888 aglhg d1tl to propare flnanc181 gtatements for 98oh flnlaF¥er. Under that law U16 Irustsos hovo èlactd lo prep4ra the fln8nLlal slalomen18 In ac¢ordan¢o wllh ijnlied Klng¢S)m G&ngrnUy A¢¢ePlod Att¢JunUng Pra¢Uc& Iunlled langdpm Accounung 8tandaTds ond appllcable law) Includlny FRS102 "Tho Fln8ncl¥l B.&pordng Stsndard 8pplthb19 In th8 UK and Beputy00f IreiÈnd" li.nder comppny law Ih8truslooÈ MU91 riot approvo the Ilnanc181 stqt8mpnts unk98 thay aro salisfl&d that Ihoy glvo a byJ6 ahd falrw ollh8 ?talg of offalrs ol Iheromp4ny and ofth¥ net Inwmg4)r eXE1ure oflhe wmpany forlhAt POTlod, In ptopadw theèè flnaithl atgmenl8, tho irust0&8 ore requlrodt oetgct ¥Ultabla accoyhttyg pollde8 ond 8p thom ¢onsf$len mukeludgeinents end è911mats8 Iltat arg re980nAbl8 and pru Gtalo wh8thgr th8 flnanclal Blatetnents have been prgparfjd In wfih thg rolovant Ilnonrjal r¥ortlnu frarneworK klenllfy tho8& 8t8fttJard&, rnto th& gff¢ck ?nd th& for gny m&lèrbl d8parhrn from tIK)89 standard8- aThd the In8ndal stat8mBnts on th& uolDg uoncgrn bAstJ unlw tt 18 InappTowlalg to pre¥um8 that the mpany 11 conn. In oporallon. Th# trusi•g8 rnnllmi th81 thoy hav?p11q 11) lh8 atsvo rèqulrgmentg In prgpaffnglhe ttnanclal $tate_mgnts. Aavy4)klnffd In note S. 8tale whother th8 app11b tn thg VKaTwJ Repubjlo of Irelpnd FRS 102 h83 been followed: The trugtèes ar0 rg¥po'nslbl8 for keeplng adÈqu018 #ccountlng regords thÈt are Bufftcleni b 8huw and exphln fhg ¢ompanY8 trqn8aOtPons ¢Jlo¢1080 reasonthg accurw al any Ilm tha Ilnandal poyliloh of Ihtr ccmpany and giiabio theni to onBure th81 thg financlal stat¢m8nts YAlh Ihe ¢ompgnlea Act 2C4)6: Th&y 8r9 4180 r¢5pon¥lt48 forsaloguardlng the assèts oftha ¢pn7pany and hgnoo for tothgfoa¥¢X]abi& stOP8 forlho prpventton afiddgtè¢tlo'n ol fraudand olherlrregularttl8B. Approvod th? BO4td tilTrt 17 Octsb8r204 and$lynod M Ily behalf by: D$18 M¢Qabu Truste
Urttsbtrlrtod R8Strlcted Funds Fund8 205 2025 Total Unrorlcted R95trloled FLthd8 Fund Fund$ 2Q25 2024 2024 TfAal Fbnds 2024 InoDnJlnH Resouro charttaa0etivlttOb - GroN19 froni 9r)vemrtionts 8nd other ¢Q&fyndor¢ 950 44,950 45,649 tf5,fj4 ResourGgs EKpHnded Ch8Tllatle att1 Olhor èxp8hdlture 43,838 43,830 1,911 43,T99 48.79D 3.628 Totsl ReJource5 ExpAnd8d 1,911 43,816 3,628 43,799 47,427 Net Inopn71ngloutgolng resourceg b9fore transfgrs btfora ox¢opt"lonal It•'m* Ex(épUonal Ilèth {1,glt) r197) (S,62U) 11,778) 6039 8,939 N•tlncomlD9loutgthg rOUree8 beforo IranNfer& after px¢¢ptlonJl ftemo 7.018 1,114 8,142 (3.628) (1,7781 rw&traN3feFF b8lWFpn Noimov¢ment In fvnd• for Iho Ilnanolal yoar Recoh¢lllatlpD of folal fvnds begknnlrfg oli Y1128 8,1A2 P.fj281 1.850 .m> 2,120 (13,Y26) 111th) 28D (11.946) Total fvnd$ Aethg.•nd of th• year {8,8) ¥A44 {5,$84) {15.856) 2,130 {13.r28) Th¢ 81a1pml of Fln8n¢l914th1Ues In¢lud99 all galno ond fo86 roWl¥8d In tha nnanolal yoar. I Incoma 8nd 8¥p¢[turn rglaie to ¢ontlnuln9 adLylllo9. nple¥orvpfiges 1119 16 fom) finand818181dm8nt
ENeBAL INFQRMATEON Shortstrand PertnehIp l& a oom omcg oflho aompany 18 26A Bee ny Ihnltetl by guaraobA Inwrporatsd IiT Northèrn Ireland. Th8 reglgt9red field Street, 3eifgst, BTS 4BQ which Is al80 Iho prfnolpal plale oFbuslnes of the fjompaw, The flnanvhl 8taiem•nts hav8 b¢Bn pres8nlgd kn Paund (£) whkjh 1$ Al the funonal urron¢yolthè company, SUMMARY OF 81GNIFIQANT ACCOU.NTING POUCIE8 The ft)Uowl acoobjnllng poll8 have b8en Appllad conglat•nlty In do[nU wlth ibm& YA)Ich ar9 con¥lderqd vrt8Ffd h aallon to th8 ¢harfty'8 ffcIal slatemont$. Ba61s ofpreparatkin The ffnarKlal 8lAlomont& haye been proparad under Ihg knmortoal Bost wnygnuon. modltI¢d to Includg faln It$ atfair v4lue. Thg fiwndal atatemgnts havo boen prepared In H¢Gordan¢e wlth fhg slatemfflt RUmMerI¢d PracU¢e (SORP) "Accoundhg Rgpoitlng by Charftses preparlhg tholr eonIS In a¢cord&ne&iYllh the Nnanclal Rgporuro Standard aPF41oable h tha UK2nd RepubllGof Irelond FRS 102.. A8 lknrrrAtlgd by Ihg CoIrip8n10s Aot 2006, tha company IYg8 V4rfèrl the at8tsdard tOTmab In th41 ort for fhe Statoment of Flnanclql AQllvlllg and tho Balanoe Sh99t. Dèpartur09 fwm the 8tsndarf (prrnats ar4 to thply vAlh tho roqulroments of the ¢harllla8 SORP and In oompllance Ydlh sectbn 4.7. 1Q.9 4nd 15.2 of that Olatemafft of ¢ontrpllano• The linandal gktèffjenls of tha company fr1 the llnartc4al year gnded 3f March 2024 hav8 Prepared on Ihg golng conogm ba81& and In arrdan¢8 wtth Ihe 8tal8ih¢nt èf Recommendgd Praoueo f8ORP) 'AcwunUng and RepJrEI by Chanwgs pr8partng Ibelr 9ccounts In a¢cordancq with Ihg Flnandal RePIng standard gppJlcabl&ln the Kand RepubMoo1lrelCI FRS 1.02 ash 8141¢nnt The thpany bq8 avdl8d of tho exemp.llon FRS 102 fthn the raqulrgmgnt to Fxodbjce a tEih lknv slatsnfbg86 18 da851fjed AB a mail ¢omporiy. In¢omlng R•sour¢e¥ Voluntary tnoomè or wltal Is Induded fvi the Stalemerft ot Ftnah¢tal Ac4[1[èl when Ihè ¢OmPany Is logamy onlltlgd to IL It8 flnan¢lal valug Can wanoftqd 1 rg48onab18 llettslnty and Ihero 1$ rè&sonatk Q8rtalntyof .tt& ultlmAtg racolpl. Enullomèntlo legaclasi8 o¥tgblrdhgd whon tho ¢ompftny hog bpen ofa Islrfbuiicn lo b¢ mod& by lh9 0xectstot¥. Ih¢orn8 recelved In Hdvancè of (kne PQTbm8rt¢A a o)Dtracl [5 occountgd foTr g.& d¢feFr8d Irlcomg unUI eamèd. Qrants for a¢llvit188 ar& 'recogni8ed H8 Incom8 when thg reloted'ryondllor)ifor lèfjai orttlU8mènthay6 mel. A]( other In¢otftg.b a¢wunted for.on on.o¢erUol8 baslg. All te4oQr¢88epertdod ara acwuntad tr ch an arXr{$ bos18. Chorflabh a¢llth8 Inoludo of grant8. BLPPQrt tE deprodatipn on 14tj as8ét&. Coats ol rfèrgifng luNJ?. sliiillly Inoludp ndralying acfivlllos. Non4tsff costs not to onp 41&gory of aGt vlty affj all(xted or apporNon6d PIfyTata lo Iho 8taffing ol the relevant serv[¢&. Ftnancp, HR IT ond admknljtrallvo et8ff ats ero dlroot 8ttrlbutsblelo Irndlvrdu ¥thlvltles by obleouve. Govemanc8 nosts.AMth088 a88udaled wlth wi8titullonal and 814tti.tyryrequlranerts. Tanglble flx¢d oaso18 and41•prnc14thn T8tblè IIKéd 05$9ts arè 8latgd Ht cost or at val4talloA, fo88 aunlat9 depredallon. Tha d)arge to d6predallon 1$ ¢al¢uloiod fg wrt18 off tho orfglnal ts081 orvaluatlon of14nqlbla fixgd a88ét61 lo'ss th•lrosttrrtotgd r981du valuetr ovor thokexpadfjd usefyl Ilveg 09 k410. Flxfurè8.IItIlNg8 andequlpthenl btor• Dobtors re¢ognl88d ot" the 4#ttlethonl"amounf due after any dknounl 0red. Prepayment8 are.vwtUgd 4t the 4muunt prppald npt of eny Ir8da dJscgLtnts In¢¢mg recognlsèd by tho ¢OmPttny frdm gov8mment ogenatas Ind olhqrcTrfundor& hul noty9treoetvad at Yeor èntl, 1$ Inoluded In rf¢tytorn. 15% Reduclryj B81snce
ANALYSIS OFSUpPo¢0 2025 2024 D8preolallf Wage3 and Salarf88 Au(llV Independenl Exqmlnadon Supportr3)8t oateqorya 16 43,836 (Itr39} 18 43,799 1,880 3fjA72 45,497 NÈT IM¢oMING RESOIIRCES 2025 liet In¢omlng RQr¢0$ arn $tstod aft•r charglnW(orodltlng}: Depr8nlallon of tanglbie 888&ts 1& EXCEPT1014ALITEMS 21125 2024 Oiher exo8pknal liem 8 laft&roperallng 8urplug) NTEI¥ÉST PAYABLE ANO SNILAR CHAROES 2Q25 2024 On bank IrJ8n8 ov¢rdrafts 1,780 10. ÈMPLOYEE3 AND REMUNERATION Wwnberof 6mployqg5 The 4vprag8 numbgr of porn¢M gmpb)ye¢ Oncludlng ex8uJtlva In1?09) durJr¥J Ihg finan40.1 yoar yffis a8 foit(Ms: 2025 umb•r 2024 Numbor NUmberolEM¥gQs The staff costs comwf5è.' 2025 2024 Waugs 4ndaalqrfoa 8oclal 8eewtty ¢osts 4Q.761 3,075 3,044 43.830 43,799
15. FUNDS 15.1 RECONQILIATION OF MOVEMENT IN FUNDS Ulrtr1thd RoJtrlct•d Fyndg Fundg Fund$ A¢ l Febiuary 2023 Movemgnt durlng tho y (12,2#8) (3,828) 11,948} {1,7781 1,850 At 3f January 2024 Movement dvrkng finandal year (16,B56) 7,028 2,130 1.114 {18,72fj) 6,142 At 31 January2025 18.928) 1S.2 ANALYSIgOF MQVEAIENTS ON FUNDS Balanc InGonw Expondllure Exoeptlonal TYanshr8 Balance l Fobruaty betweon 31 Jonuary 2024 fund8 2026 Rtrf¢1od fund8 Deportmgnl of CommunlU88 Uhmtrlcted lund8 Untèstrl¢ted 1130 4£DBO 41836 (16,866) 1911 8,93 (8,6281 Tot41 lufids 113,U6 H960 4J,747 889 15,5841 15A ANALYSIS OF NEf LIABILMES BY FUND Fjxed s¥ets .¢h8rlty Curwetit Curxent Ilabllltl•s Tol41 3,099 3,244 UDrgstrtcféd ganeral fvnd8 86 2411 (8,674 18,a2&) 88 2,B58 {8,$281 15,fja4) 16, STATUS ¢OMpany b IIFfjfttya by guarantso noihuvlng a $hyrg capllol. Th8 liqb11 of the member8 L9 Ilmlketl, Evgry MembAr'of the compqny undgrtaw to EonldLluts 10 the 8B8Ot8 of111è Company In th9 ovenlol ft¥ belng wond up whlb ihèy are m8mb8r$, Dr thIn ong yoartheraafte'r, for tho p4yM8nt ot thg dgbts aTrJ liabllKt698 of tho )Jmpany ci>nlrq¢kd b0T& fhoy. to b8 mombgt8. ond Iho ts8tyb G.r9•aMd exp of wlThdlnu up.. ffnd. for IITO qdjustment of tha rtghts uf thé contrfbul¢Jr8 amoTrJ Ihgn$elvgs, 8Uch anY)unl rewlrwj, nOt4XdIg£ 1. 13