Charity Number: XR 31215 Company Number: Nl 067640 New Horizons Partnershi Limited Acom an limited b uarantee Trustees. Re ort and Financial Statements for the ear ended 31 December 2021 New Horizons Partnershi Limited ort and financial statements Contents Page Company Infomalion Trustees, Report Auditors. report to the trustees 2-6 74 Statement of financial aCtiV￿eS Balan￿ Sheet 10 Cash flow statement 11 Notes to the financial statements 12-19 New Horizons Partnershi Com an Information Limited Trustee$ Shirley Hamilton Eamon Mccolgan Christine Doherty Bill Mclntyre Eoin McDonald Peter McLaughlin Patricia Mccormack Kathleen O'Donnell Linda Mclntyre Palri¢ia Hegarty (resigned 5 June 20211 Audltors FMC A¢counlanls 34 Market Street Slrabane Co. Tyrone BT82 88H Bankers Fir51 Trust Bank Meadowband Strand Road Derry Allied Irish Bank Main Street Lifford Co. Donegal Sollcitors Worthinglons Solicitors 24-38 Gordon Street Belfast BT12LG Regl8t8red offlce 45C Derry Road Slrabane Co. Tyrone BT82 8DY Company règlstratlon number Nl 067640 Charrty number NIC101401 (Northern Ireland) XR 31215 (Charitable status United Kingdom) New Horlzons Partnershi Trustees, Re ort Limited The trustees present their report and financial stslemenls for the year ended 31 December 2021. The financial Statements comply with the Charities Regulations (Northern Ireland) 2015, tho Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 1021 (effective 1 January 20151 The Iruslees, who are also directors for the purpose of company law and who served during the year end and up lo the date of this report are as follows.. Shirley Hamilton Eamon Mccolgan Christine Dohety Bill Mclntyre Eoin McDonald Peter McLaughlin Patricia Mccormack Kathleen O'Donnell Linda Melntyre Patricia Hegarty Ir05igned 5 June 20211 Prlnclpal actSvltle8 The charity's principal activity during the year was lo provide training. vocational and inclusive community opportunities for people with learninglinlelleclual disabilities across the North Wesl border region". developing best practice and sharing il within and outside the region, Structure, gov8rnan¢8 and management New Horizons Partnership Limited I"New Horizons'l is a company limited by guarantee with charitable slalus, Incorporated on the 2nd January 2008, and registered as a charity in Northern Ireland in 2015. The company was established under Memorandum of As$o¢iation that established the obje¢l$ and powers ol the charitable company and is governed under ils Articles of Association. In the event of the winding up ol the company each member is requlred to contribute no more than £5. The trustees of the charity when elected serve until the next annual general meeting al which they musl be re-elected. The management operate a system of internal Control designed lo provide reasonable assurance. bul not absolute a55uran¢e against material mis51atemenl or loss. They include Ihe',- regular consideration by the trustees of progress reports regarding operational aclivilies. These are carried out detailing performance indicator levels such as participant numbers and financial breakdowns. Any deviations from targets are highlighted and contingency actions are implemented. delegation of authority and segregation of duties among staff. idenlificalion and management of risks lo which the charity is exposed. Oblectlvès and Actlvltlos The objectives of the charity are to provide services in order lo support learning disabled Clients to fulfill their vocational potential and to achieve a greater level of independence. Since 1995 New Horizon5 has developed a range of services lo help people with learning disabilities to realise their full potential. The Iruslees confirm that they have ￿ferred lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning for lulure activities and selling the policy for the year. New Horizons Partnershi Trustees, Re ort Limited The Charity focuses on ft)ur main areas of operational acb"vity'. Training - to equip clients with speciffie vocational and life skills. Community Opportunities clients follow a realistic and achievable vocational path through placements with local employers, centred around the client, for the client and by the client. Social Enterprises currentty 1 horticultural enterprise in Strabane. Unfortunately as a consequence of Covid-19, 3 catering social enlerprises".- Allstate Canteen, Derry City and Strabane District Council canteen and Café Horizons ceased March 2020. Strabane Garden Centre continues lo provide vocalional opportunities of our clients and this social enterprise continues to be an excellent example of how New Horizons has achieved the equality and inclusion of our servi users within their placements and their wider community. Our service users have the opportunity to apply the skills and competencies they have developed on our training programmes in a supported practical work environment, as well as providing opportunities for the public to observe the real meaningful work the traillees do. Development of Learning resources for organisations that provide training and seryices lo individuals with a leaming disability. These are a series of leaming resources and programmes designed lo leach individuals with leaming disabilities essenb.al skills in the areas of work and travel. Newhop Skills for Work consists of eight units of general work skills content and four units of vocalionally-orienlated content. Newhop Skills for Travel is an accredited complete travel training programme for organisations working people with leaming disabilities, who wsh lo teach their end users safe, independent travel. Achievernents and performance New Horizons Partnership Ltd, like so many, continued to be impacted by COVID-19 during the 2021 year. This pandemic has impacted severely on every part of our society and on our economy. In the face of such adversity. New Horizons Partnership Ltd tailored its mission statement to best support its referred individuals living with leaming disability". ensuring that the appropriate skills and resilience necessary to deal with the impact of COVID-19 are laughl and reinforced. Management and staff right across the organisalion worked tirelessly throughout to ensure that quantity and quality of service provision remained expected levels albeit delivery in alternative ways le.g. remotelyldigitallyl. The use of up-tO-Ihe-minule technology and the offering of online support enabled the measured return lo blended service delivery. where seryice users were supp)rted both face to face and remotely. The organisab"on's response had to be both creative but also careful in order to fully protect the people we support, their families, our staff and the wder community. Our focus strongly shifted to supporting mental health. to providing education on keeping safe. more fun activib.es and above all to keeping all of our trainees and staff team 'linked', ensuring fullest inclusion and sense of connectedness possible at all times. Staff conducted welfare calls each day, recording conversations and signposting assistance where required. Technology which had been utilised before by the charity was employed to support this connectivity. New Horizons Partnershi Trustees. Re ort Limited As the organisalion ¢ontinued lo adapt lo new ways of working and delivering ils service to our trainees and as reslriclions eased and guidance changed., our numbers returning in-house gradually increased. In-house service provision continued lo increase in line with this demand along with continued supplementary zoomldigilal sessions delivered every week. This approach ensured continuity and improved engagement and confidence., evidenced both in our trainees and in our staff team. The enhanced digital inleraclion for trainees who needed lo access the service remotely Ilh05e who still did not feel comfortable returning physically) was invaluable. The priority in 2021 continued lo be ensuring that our seThlce users, their families, our funder and 011 Stakeholders, expectations are meusurpassed by our committed staff team. Flnanclal Revlew During the year ended 31 December 2021 the charity received lolal income of £408,519 and had an overall delicil of £49,385 The deficit is a result of significant refurbishment of premises completed during the year. Income from service level agreements with Western Health & Social Care Trust increased by £8.936 to £278.299. Social enterprise income which had been greatly impacted by Covid-19 showed a recovery and increased by £15,807 to £41,061. Overall expenditure decreased by £31,164 10 £457,904. Fixed assets purchased lolalled £13,650 on IT equipment. The charity remains in a Strong financial position with reserves of £464,315 al 31 December 2021. Plans for the future Our strategy ol spreadit)g our reach to those we support, al a pace that is sustainable. remains the main focus of our work. Our aim is lo continue with a programme of continuous improvement in Service delivery through monitoring and measuring via our internal processes. As the organisalion continues lo adapt lo the new way of working and living as a ¢onsequen¢e of Covid-19 the oryanisalion will enter into the next financial year by embarking on a three year strategy which clearly sets out mission, objectives and plans lo achieve further success as well as channel a more holistic approach lo the delivery of our services. In addition, New Horizons Ltd will onlinue lo explore other ideas for social enterprise activities in order lo become more 5elf-sufficienl which in turn will support future growth and enhance opportunities for development. The organisalion has accessed with risk associated from Brexit and fluclualion of currency exchange markets and is confident it will be able lo trade with minimal impact from both. As New Horizons Ltd looks lo the future, the key word underpinning ils activities is "sustalnability. The organisalion has a strong base of core activities upon which lo call, but, faced with an ever more competitive envlronment,. il is vital that the organisalion consolidates ils services and capilalises on ils strengths. In so doing, New Horizons Ltd will ensure that il continues lo provide an exemplary level of training and Community opportunities lo service users referred lo our services. As New Horizons Ltd continues lo grow in terms of the activities and opportunities il offers, as well as in the impact il has on service users, their families and Community,. the organisalion will simply continue to further seek out new opportunities. New Horizons Ltd seeks lo provide even more diverse experiences, lo support ongoing newlcrealive ways lo learn 811 of which supports our trainees lo maximise individual personal polenlial. This, in turn, promotes the achievement of the greatest possible level of independence for each person which enhances quality of life for everyone involved. Each individual is enlilled lo make their own choices (supported by our staff leaml about the pathways they want to take for the future, in learning and community opportunities, as well as the pace and liming of that journey. New Horizons Partnershi Trustees. Re ort Limited In ¢onclusion. New Horizons Ltd wll endure into the future, capilalising on it5 experience and strengths and building upon its reputation and relationship with the funder. Guided by the WHSCT recommendations, which ¢211s for a blurring of the boundarie5 be￿eell 'special' and 'mainslream' services 50 that people can access the support most suited lo helping them put their personal plans into action., the challenge remains for New Horizons Ltd. lo encourage trainees to have high expectations for themselves and of their community. This, in turn, will see greater and more positive outcomes from the Ofganisalion as a person centred, service provider. Reserves Pollcy While funding for the charity's core activities is secured until 2023, New Horizons Partnership Limited needs to establish a reserves policy lo have sufficient cash reserves should the company experience cash flow problems or costs involved in any potential wind up of the company andlor provision for redundancy costs. 11 is recommended that reseNes equivalent lo three to six months, running costs for core activities together with anticipated improvements to fixed assets be retained. The target set and realised for this in the current year is £200,000. The level of reserves are reviewed by the trustees and management regularly throughout the year. The minimum level of reserves for the ongoing needs of the charity is reviewed by the Iruslees on annual basis. statement of trustees. responslbllltles The trustees are responsible for preparing the annual report and the financial statements in ac¢ordance with applieable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trustees lo prepare financi81 statements for each financial year. Under the law the Iruslees have elected lo prepare the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Under company law the Iruslees must not approve the financial slalemenls unless they are satisfied that they give a true and fair view of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial slatemenls. the Iruslees are required lo.. select suitable accounting policies and then apply them consislenlly., obseNe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent.. slate whether applicable UK accounting standards have been followed, subject lo any material departures disclosed and explained in the financial slalements., prepare the financial slalements on the going concern basis unless il is Inappropriate to presume that the company will continue in business. The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuraey al any time the financial position of the chsrity and which enable them lo ensure that the financial statements CDmply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. New Horizons Partnershi Trustees. Re ort Limited statement as to disclosure of information to audltors Each person who was a trustee at the time this report was approved confirms that.. so far as helshe is aware, there is no relevant audit information of which the companls auditor is unaware., and helshe has taken all the steps that he ought to have taken as a trustee in order lo make himselflherself aware of any relevant audit information and lo establish that the company's auditor is aware of that information. statutory Auditors FMC Accounlanls were appointed auditors lo the charity and a resolution proposing their reappointment will be put to the Annual General Meeting. Small company provisions This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable lo companies subject lo the small companies regime. Audit Exemptlon The directors are of the opinion the company is entitled lo exemption from audit in accordance with section 475121 and section 475131 of the Companies Act 2006. However we have chosen lo have an audit undertaken as it may be requested in future funding applications. This re was approved b the board on 30 May 2022 and signed on its behalf. Eamon Mccolgan Trustee Shirley Hamilto Trustee New Horizons Partnershlp Limited Independent auditors, report to the shareholders of New Horlzon$ Partnership Limited We have a￿lts￿ the finanaal statements of Horizons part[￿Ship Linited lor lh8 year ended 31 December 2021 which cornpr15e the Staterr*nt of Financial Activit*s. the Statement of Cash Flows, the Balance Sheet and the related notè5. The financial reporting frarnework that has beèn appl￿d In iheir preparatitsn is applicable law, the Financial Reporting Standard applicable in the UK and the Republic of IrelandlFRS 1021 and Charitses SORP IFRS 1021. This report is made solety to the charli*5 member5. as a body, in accordane& wrth Chapter 3 of Part 16 01 the Companp5 Act 2006. Our audit work h85 been ur¥Jertaken so that %4e mi9ht state to the cwpan¥s members those Matters we a required lo state lo them in an auditors. report and for no tsthef purpose To the fvllest exlenl p8miitted by law, we do not ac￿pt or assume responsibility to anyone other than Ihe C￿mpanY and thtr ¢ompanls members as a body, for our audit work, lor this report. or for the opinions have lOM￿J. Respg¢tlv• r•8ponslblllt108 of dlrnctor* and audltor¥ As explained moro fully in the Statement ol Directors, Respon5ibilrtie5. the tru$tee5' (who are also directors lor the purpose8 of company lawl are respongble for the preparation of the finanual statements an£1 foT being satisfied that th9y give a tr￿ and lair ¥1￿. Our responsibility is to audil and express an opinion gn ts finanaal statèmènts in accordance with applicable law and International StsTrJ8rds on Aud￿ThJ (UK and Irelandl. Those staTrJards require us lo comply w tha Auditin9 Proctices Board's IAPB'51 Ethical SlaThJards for Auditors. In accordance with the exemption provided by APB Ethical StsTrJard - Provisions Available lor Smaller Enth"¥s (Revised), we have assist•d with the pwparation ol the accounts. Scope of the 4udlt oplnlon An au¢it involves obta1ning evidence about Ihe amounts disclosurès in th• accounts sufficient to rea50nabl8 assuranca that Ihè aceount$ arè Iw from material rni$518t•rnenl whelher ￿USed by fraud or èrror. This includes an assessment ol.. whether the accounting poli¢i¢5 arn appropnale to th& companls arcum5tances and h8vè been ¢onsistenVy applied and adequatety dl$do$8d", the re83rywblene8s ol svJnific8nt aco)vntry o$tim818s made by th8 dlr8Ctors, and tha ovèrall prèsèntation ol th8 accounts 8a81¥ of th? ¥udlt oplnlon We conducted our audit in aceorfJanc• wth Internal￿n81 Stand•r(l$ on Audity'ng IUK and Ir•Landl issued by the Auditlng Pr8¢li¢es Board An audit incI￿leS examinalion, on 8 lest basis. ol evhyence relevant lo the amount¥ and di$closur&s In the financlal statements. It also includes an assessment of the sKJNfieant •stimèt•s and judgements made by the Iru$le¥$ in the preparation of Ih? finanryol statemants, and of wheth¥r the ac￿Untsng polic1￿ are appropriate to the ch8rit8ble cornpanie8 circumstanchs. consistently appl*d ¥nd ad6quately di8dowJ. We planned and ￿rtoM)ed our audrt so as to obtsin 811 Ihg infomi81ion #nd *xplanatK*n$ whlch ￿ c￿ns￿lered ne¢tr$$8ry in order to provide us sufficient evKlen¢o io givo raasonabb assurance ihat the financial s¢aternents ara free from mal6rial misstatemant, whèthèr taused by fraud or other irr8gularity tsr #Thor. In ftsming our opinion we also evaluated thè ovttr811 adequacy ol the presentation of infom)a¢*)n in the fina￿181 statemenls. Oplnlon on th• flnancl•l •t•t•m•Dts In our opIn￿n the financial 5ts1emants". • gi￿ 8 true and fair view of th? ¥tatè of the chari￿￿ Cy￿panIS affairs 86 at 31 D￿mbor 2021 and ol its Incomin9 and outgoing resources lor the year then ended.. have been properfy prepared in actordarK4 vAth Unitsd KiThJdom Genefalty A￿pted AC￿Unts.ng Practice applicable lo Smaller Ents'ties,. and have boon praparod in acXOrdan￿ ￿1h the WUif8m8nts ol th8 cryan￿s Act 21x6. OpSnlon on other mal¢ers pres¢rlbed by th• Companles Act 2006 In our opinion the information given in Ihe Directors. Report for ihe financaal year for thè finanaal statements are pwpared is consistont with the financial statements New Horizons Partnership Limited Independent auditor5, report to the shareholders of New Horizon5 Partnership Limited Matt•ts on which we are requlred to report by exceptlon Wa have nothing to report in ￿SpeCt of the followiTrJ rnatters the Conwan￿S Acl 20C6 requires us to report to you if. in our opinion-. • adequate accounttro records have not been kepl or retums ad8qU8te for our audit have rbot b88n r6c8ivsd from branches not V15ited by us." or the accounts are not in agreerr*ntwith the acwunbro re(x)rds and retums.. or the inf0m￿tion on th8 Truste85' knnual Report is incornsi8tent in any material respect with the financial ststements, or • we have not re￿iVed all the informab.on and eyplanations V4E r￿uIre for our audiL or the directors were not antiued to prepare the a(x￿nts arkl Ihe dtrectors. in a¢x0r¢an￿ the small cornpanie5 re9irne. stephan Mccartan (Senior Ststutory Audrtorl for and on behalf of FMC Accountants Chartered Accountsnts and Statutory Audttors 30 May 2022 34 Matket Street Strabane Co. TyTone BT82 88H New Horizons Partnershi Limited statement of financial activities incor for nded 31 Decem r 2021 oratin the incomè and ox onditure account 2021 2020 fund5 fund Incoming resources from generating funds.. Voluntary income Inve51menl income 1.240 36,730 37,970 26,782 Incoming rasources from charitab18 activit￿5 89,971 278,299 8,270 479,216 Other Incoming resour￿$ 2,029 250 2,279 41,350 Total incoming resources 93,240 315,279 408519 547,348 Resources expended Charitable activities 136.283 318,321 454,604 486,318 Governance co$t$ 3,300 3.300 2,750 Total T88ources expended 139.583 318,321 457.904 489,068 Net Incomlnglloutgolngl resources before transfvrs 146.3431 13.0421 149.3851 58,280 Transfers bebNeen fund8 1.234 11,2341 Net incominglloulgoingl resources for the year 145.1091 14,2761 149.3851 58,280 Total funds brought forward 487.010 26,690 513.700 455,420 441.901 22,414 464.315 513,700 The charity ha8 no racognised gain5 or losses other than those shown in the statement of finantyal a¢tivities in the above financial period and there have been no discontinued activities or acquistions in this period. The notes on page5 12 10 19 fomi an integral part of these financial statements. New Horizons Partnershi Balance Sheet as at 31 December 2021 Limited Not 2021 2020 Fixed assets Tangible assets 12 34,064 28,606 Current assets Stocks Debtors C8$h al bank and in hand 7,130 120,002 314,881 442,013 2,502 164,517 333,830 500,849 13 Credltors,. amounts falllng duo within one year 14 111,7621 {15,7551 Net current a888ts 430,251 485.094 Net assets 464 315 513,700 Funds Restricted funds General funds Designated funds 18 19 22,414 241,901 200,000 26,690 207,010 280,000 Shareholdor8' funds 464,315 513700 The financial statements have been prepared In a¢cordan¢e with the provisions in Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and Part 15 of the Companies Act 2006 app ble lo compani s subject lo the small companies regime. Eamon Mccolgan Director Shirley Hamilton Director Approved by the board on 30 May 2022 Company Registered number: Nl 067640 The notes on pages 12 to 19 form an integral part of these financial statements. 10 New Horizons Partnershi Statement of Cash Flows for the ear endin 31 December 2021 Limited Notes 2021 2020 Cash used In operatlng activlties 21 5.299 16.581 Cash flows from investing activities Interest income Purchase of tangible fixed assets Disposal of tangible fixed assets {13.650) 12.5751 14.184 Cash provided by {used in) investing actfvlties 13.650 11,609 Cash flows from financing activities Repayment of borrowing Cash used in financing activities Increase (decrease) in cash and cash equivilants in the year {18,949) 14,9721 Cash and cash equivilants at the beginning of the year 333,830 249,665 Total cash and cash equlvilants atthe end of the year. 314.881 244,693 New Horizons Partnershi Limited Notes to the Financial Statements forthe ed 1De ember 2021 ear en 1 Ac ountin olicl The principal aGwunting policies adopted. judgements and kèy sour¢e$ of èstimatlon Un￿rtaInty in the preparation of the finarh¢ial statements are as folkr•ts.' al 8asis of preparation The financial statements have b8Èn prepared in ac