Company Reglstratlon Number. 067640 (Northern Ireland)
Charlty Number. XR 31215
New Horizons Partnershi
Acom
an
limited b
Limited
uarantee
Trustees, Re
ort and Financial Statements
for the
ear ended 31 December 2024
CHARTERED
ACCOUNTANTS

New Horizons Partnershi
Limited
ort and Flnanclal Statements
Contents
Page
Company information
Trustees, report
Independent auditor's report
7-10
Statement of financial activities
li
Balance sheet
12
Statement of cash flow
13
Notes to the financial statements
14-23

New Horlzons Partnershi
Com
Information
Llmited
an
Trustees
Eamon Mccolgan
Bill Mclntyre
Eoin McDonald
Patricia Mccormack
Carmel McGrenra (appointed 13103120241
Linda Mclntyre
Paul Fagan
Sandra Friel
Auditors
SCC Chartered Accountants
17 College Street
Armagh
BT619BT
Bankers
Allied Irish Bank
Meadowbank
Strand Road
Co.Derry
Sollcltors
Worthingtons Solicitors
24-38 Gordon Street
Belfast
BT82 8DY
Registered office
45c Derry Road
Strabane
Co. Tyrone
BT82 8DY
Northern Ireland
Company registratlon number
N1067640
Charlty number
NIC101401 (Northern Ireland)
XR 31215 (Charitable Status United Kingdom)

New Horlzons Partnershi
Trustees, Re
ort
Limited
The trustees present their report and financial statements for the year ended 31 December 2024.
The financial statements comply with the Charities Regulations (Northern Ireland) 2015, the
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 Appllcable in the UK and Republic of Ireland
FRS 1021 (effective l January 20191.
The trustees, who are also directors for the purposes of company law and who served during the
year end and up to the date of this report are as follows:
Shlrley Hamilton
Eamon Mccolgan
Bill Mclntyre
Eoin McDonald
Patricia Mccormack
Iresigned 31/03120241
Carmel McGrenra
Linda Mclntyre
Paul Fagan
Sandra Friel
(appointed 13103120241
Principal activltles
The charity's principal activity during the year was to provide training, vocational and inclusive
community opportunities for young adults with learning disabilities across the North West border
region,. developing best practice and sharing it within and outside the region.
Structurei governance and management
New Horizons Partnership Limited I"New Horizon5"1 is a company limited by guarantee with
charitable status, incorporated on the 2 January 2008, and registered as a charity in Northern
Ireland in 2015. The company was established under Memorandum of Association that established
the objects and powers of the charitable company and is governed under its Articles of Assoclation.
In the event of the winding up of the company each member is required to contribute no more
than £5.
The trustees of the charity when elected serve until the next annual general meeting at which thev
must be re-elected.
The management operate a system of internal control designed to provide reasonable assurance.
but not absolute assurance against material misstatement or loss. They include the,,
regular consideration by the trustees of progress reports regarding operational activities. 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 authorlty and segregation of duties among staff,. and
identification and management of risks to whlch the charity is exposed.
Objectlves and Activities
The objectives of the charity are to provide services in order to support learning disabled trainees
to fulfil their vocational potential and to achieve a greater level of independence. Since 1995 New
Horizons has developed a range of services to help yOLtng adults with learning disabilities to realise
their full potential.

New Horlzons Partnershi
Trustees, Re
ort
Limited
The trustees confirm that they have referred to the guidance contained in the Charity Commission's
general guidance on the public benefit when reviewing the Trust's aims and objectives and in
planning for future activities and setting the policy for the year.
The Charity focuses on four main areas of operational activity;
Training to equip trainees with specific vocational and life skills,.
Community Opportunities - trainees follow a realistic and achievable vocational path through
placements with local placement providers, centered around the trainee, for the trainee and by the
trainee.
Social Enterprises- currently one horticultural enterprise in Strabane. Strabane Garden Centre
continues to provide vocational opportunities for our trainees. This social enterprise is an excellent
example of how New Horizon5 achieves equality and inclusion of our service users during their
placement. Our service users have the opportunity to apply the skills and competencies they have
developed on OL¢r training programmes in a supported practical work environment, as well as
providing opportunities for the public to observe the real meaningful work that the trainees do;
and
Development of Learning resources - for organisations that provide training and services to
individuals with a learning disability. These are a serie5 of learning resources and programmes
designed to teach Individuals with learning disabilities essential 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
vocationally-orientated content. Newhop Skills for Travel is a complete travel training programme
for organisations working with people with learning disabilities, who wish to teach their end users
safe, independent travel.
Achievements and Performance
During this reporting year, the organisation continued to build on its strengths and past
achievements. Its increasing visibility in the Communitylpublic domain; utilising social media to its
best advantage and responding to the needs and wishes of our client group, not only meeting the
goals of our trainees through the person-centred planning process but generating interest from
other organisations to work collaboratively and from schools and parents who are Involved on
f utures planning for the next generation,
As well as the ongoing creation and delivery of new and varied timetables of learning (which still
included the delivery of key reading, writing and life skills, acting as a base for accredited training),.
the focus had markedly shifted this year in response to funder and trainee demand for greater and
fuller Community inclusion which is real and meaningful. Trainees chose their own experiences
supported by their assigned key worker and programmes became so much more enjoyable with
the learning still happening but in more practical, authentic ways and classroom work deprioritised
somewhat.
Good physical and mental health support however, did remain a priority throughout, working
closely with other organlsations and providers in the local Community around mental health,
physical activity, nutrition, mindfulness a5 examples. We continued to utilise, to the fullest, our
enhanced technological skills and equipment purchased to enhance the experience. Staff training
continued apace to ensure that our staff Team remain fully knowledgeable in all areas of their
practice and that we continue to be leaders in the delivery of services to adults with learning
disabilities in this geographical catchment areal.

New Horizons Partnershl Llmlted
Trustees, Re
ort
continued
The relocation of the Training & Community Opportunities, service to Orchard Road Industrial
Estate has continued to allow organisational development overall as well as benefitting Strabane
Garden Centre with the autonomy this affords the Team there to utilise their creativity to further
the unique service offering, with an initial focus overall on attracting new trainees.
The priority in 2024 remained ensuring that our trainees, their families, our funder and all
stakeholders, expectations were met/surpassed by our committed staff team.
Financial Review
During the year ended 31 December 2024 the charity received total income of £442,10112023'.
£374,261) and had an overall deficit of £49,81512023:£20,7431. Income from service level
agreements with Western Health & Social Care Trust increased by £27,056. Overall expenditure
increased by £96,912. The charity remains in a strong financial position with reserves of £392.091
at 31 December 202412023.. £441,806).
Plans for the future
Our strategy of spreading our reach to all those we support, at a pace that is sustainable. remains 3
key focus of our work. The new marketing, awareness and communications plan continues to
reflect the growing organisation, new media trends and project a positive profile of trainees,
increasing disability awareness in societv.
Our aim is to continue with the mantra of continuous quality monitoring and resultant
improvement in service delivery as required. Quality is measured via robust internal processe5. The
5-year Strategic Plan continues to clearly set out the mission, objectives and plans to build on
our successes as well as channelling an even more holistic approach to the delivery of our services.
As New Horizons Partnership looks to the future, the key words underpinning its activitie5 are
professlonalism, innovation, further personalisation of services, flexibility, positive risk-taking and
responsivity on all levels. The organisation has a strong base of core activities upon which to call,
but, faced with an ever- more competitive environment,. it is vital that we continue to consolidate
the services provided and capitalise further on inherent strengths.
In so doing, New Horizons Partnership Ltd will ensure that it continues to provide an exemplary
level of training and community opportunities/experiences to service users referred to our services.
As New Horizons Partnership Ltd continues to grow in terms of the activities and opportunities it
offers; as well as in the positive impact this has on trainees, their families and Community,. the
organisation and its staff teams will simply be compelled to further seek out new and exciting
opportunities and experiences with lifelong learning the purpose.
New Horizons Partnership Ltd seeks throughout to promote the achievement of the greatest
possible level of independence for each individual referred to us. Increased independence
enhances qu31ity of life, not only for the trainee, but for everyone involved.
Each individual makes his / her own choices (supported by our staff team) about the pathways he /
she wants to take for the future- educationally, vocationally, socially, pastorally, in personal
wellness as well a5 being supported to choose the pace and tSming of that journey.

New Horizons Partnershi
Llmlted
Trustees, Re
ort
contlnued
Each trainee therefore has hi51 her own Person-centred Plan and the staff team monitor the
achievement of these goals daily, weekly, monthly, and reviewed with the larger Circles of Support
as and when necessary.
In conclusion, New Horizons Partnership Ltd is confident of the future. As an organisation we will
continue to capitalise on the wealth of experience gained and all of its strengths 35 an organisation.
Further building work will continue on relationships with families, the funder and the local wider
community which in turn reinforces our excellent reputation,
Guided by continually-evolving WHSCT and societal expectations, calling for a blurring of the
boundaries between 'speci31' and 'mainstream' services so that people can access the support
most suited to helping them as individuals; the challenge remains for New Horizons Partnership to
encourage trainees to have ever-higher expectations of themselves and of their community. Thls,
then, will see greater and even more positive outcomes from the organisation - as a person-
centred provider of services of excellence.
We are confident about the future and prouder than ever of our staff teams, our trainees and the
unwavering support of all the local communities that support us. We are witnessing continuing
increasing demand for our services,. and this strategy will continue to help direct us, ensuring that
we remain the provider of choice in Co, Tyrone in the years to come.
Reserves Policy
While funding for the charity's core activities is secured until 2024. New Horizons Partnership
Limited needs to establish a reserves policy to have sufficient cash reserves should the company
experience cash flow problems or costs involved in any potential wind up of the company and/or
provision for redundancy costs,
It is recommended that reserves equivalent to 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 £150,000. The level of reserves are reviewed by the trustees and
management regularly throughout the year. The minimum level of reserves for the ongolng needs
of the charity is reviewed by the trustees on an annual basis.
Statements of trustees, responsibilities
The trustees are responsible for preparing the annual report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards {United Kingdom
Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financlal year. Under
company law the trustees must not approve the financial statements unless they are satisfied that
they give a true and fair view of the state of affairs of the charitable company and of the incoming
resources and application of resources, including the income and expenditure of the charitable
company for that period. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP 2019 IFRS 1021,.
make judgements and estimates that are reasonable and prudent.

New Horizons Partnershl Llmlted
Trustees, Re
ort
continued
state whether applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements- and
prepare the financial statements on the going concern basis unless it 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 charitable company's transactions and disclose with reasonable accuracy at any time
the tinancial position of the charitable company and which enable them to enslfre that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees are respon51ble for the maintenance and integrity of the corporate and financial
information included on the charitable company's website. Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from legislation in
other jurisdictions.
Statement as to disclosure of information to auditors
Each person who was a trustee at the time this report was approved confirms that..
50 far as he/she is aware, there is no relevant audit information of which the
company's audltor is unaware; and
he/she has taken all the steps that he ought to have taken as a trustee in order to
make himselflherself aware of any relevant audit information and to establish that the
company's auditor is aware of that information.
Statutory Audltors
SCC Chartered Accountants were appointed auditors to the charity and a resolution proposing their
reappointment will be put to the Annual General Meeting.
Small company provlslons
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act
2006 applicable to companies subject to the small companies regime.
Audit Exemptlon
The trustees are of the opinion the company is entitled to exemption from audit in accordance with
section 4751213nd section 475131 of the Companies Act 2006.
However, we have chosen to have an audit undertaken as it may be requested in future funding
applications.
ort was ap
ove
the board on 17 April 2025, and signed on its behalf.
rv￿cLc
Patricia Mccormack
Trustee
Eamon Mccolgan
Trustee

New Horizons Partnership Limited
Independent Audltors, Report
To the Members of New Horizons Partnershlp Llmlted
Oplnlon
We have audited the financial statements of New Horizons Partnership Limited (the 'charitable
company'l for the year ended 31 December 2024 which comprise the statement of financial activities,
the statement of cash flows, the balance sheet and the related notes. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice}.
In our opinion the f inancial statements:
give a true and fair view of the state of the charitable company's affalrs as at 31
December 2024 and of its incoming resources and application of resources, including its
income and expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI11SAs IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the company in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relatlng to going concern
In auditing the f inancial statements, we have concluded that the trustees, use of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charltable
company's ability to continue as a going concern for a period of at least twelve months from when the
financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.
Other informatlon
The trustees are responsible for the other information. The other information comprises the
information included in the annual report, other than the financial statements and our auditor's report
thereon. Our opinion on the financial statements does not cover the other information and, except to
the extent otherwise expllcitly stated in our report, we do not express any form of assurance conclusion

New Horizons Partnership Limited
Independent Auditors, Report Icontinuedl
To the Members of New Horlzons Partnership Limited
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with
the financial statements or our knowledge obtained 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 material misstatement in the
financial statements or a material mlsstatement of the other information. If, based on the work we
have performed, we conclude that there is a material misstatement of this other information, we
are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit-
the information given in the director's report for the financial year for which the
financial statements are prepared is consistent with the financial statements. and
the director's report has been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company's and its environment
obtained in the course of the audit. we have not identified material misstatements in the trustees,
report.
We have nothing to report in respect of the following matters where the Companies Act 2006
adequate accounting records have not been kept, or returns adequate for our audit
have not been received from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns,.
or
certain disclosures of director's remuneration specified by law are not made,. or
we have not received all the information and explanations we requlre for our audit.
Responsiblllties of trustees
As explained more fully in the trustees responsibilities statement, the trustees is responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view,
and for such internal control as the trustees determine is necessary to enable the preparation of
flnancial statements that are free from material misstatement, whether due to fraud or error. In
preparing the financial statements, the trustees are responsible for assessing the charitable
company's ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the trustees either intends to
liquidate the charitable company or to cease operations, or has no realistic alternative but to do 50.

New Horlzons Partnership Limlted
Independent Auditors, Report Icontinuedl
To the Members of New Horizons Partnership Llmlted
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit
conducted in accordance with ISAS IUKI will always detect a material misstatement when It exists.
Misstatements can arise from fraud or error and are considered material if, indlvidually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.
Irregularities, including fraud, are instances of non-compli3nce with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are c3P3ble of detecting irregularities,
including fraud is detailed below..
Based on our understanding of the charitable company, we identified the principal risks of non-compli3nce
with laws and regulations related to general data protection regulations, and health and safety regulations.
We also considered those laws that have a direct impact on the preparation of the financial statements.
We evaluated the committee members incentives and opportunities for fraudulent manipulation of the
f inancial statements. We communicated the identified laws and regulations throughout the audit team
and remained alert to any indications of non-compliance throughout the audit. Audit procedures
performed by the auditors included, but were no limited to:
Discussions with management including consideration of known or suspected instance5 of non-
compliance with laws and regulations and fraud;
Performing analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud;
Reading minutes of meetings of those charged with governance;
In addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjustments and assessing whether the judgements made in making accounting
estimates are indicatlve of management bias.
Because of the inherent limltations of an audit, there is a risk that we will not detect all irregularitles,
Including those leading to a material misstatement in the financial statements or non-compliance with
regulation. This risk Increases the more that compllance with a law or regulation is removed from the
events and transactions reflected in the financial statements, as we will be less likely to become aware of
Instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather
than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at.. http.'//www.frc.org.uk/auditorsresponsibilities. This description
forms part of our auditor's report.

The purpose of our audit work and to whom we owe our responslbilities
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mSght state to the
charitable company's members those matters we are required to state to him in an auditor's report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's members, as a body, for our audit
work, for this report, or for the opinions we have formed.
Sean G. Cavanagh (Statutory Audltor)
for and on behalf of SCC Chartered Accountants Limited
Statutory Auditor
17 College Street
Armagh
Co. Armagh
Northern Ireland
BT619BT
17 April 2025
io

New Horizons Partnershi
Limited
Statement of financial actlvltles
includin
the income and ex
enditure account
For the
ear ended 31 December 2024
Unrestrlcted
funds
Restricted
funds
2024
2023
Note
Incoming resources from generating funds:
Voluntary income
5,500
5,500
1,237
Incoming resources from charitable activities
99,647
331,097
430,744
369,728
other incoming resources
5,857
5,857
3.296
Total incoming resources
105,504
336,597
442,101
374,261
Resources expended
Charitable Activitles
209,605
272,465
482,071
391,164
Governance costs
9,845
9,845
3,840
Total resources expended
219,450
272,465
491,916
395,004
Net incominglloutgoing) resources before transfers
1113,9461
64,131
149,8151
120,7431
Transfers between funds
Net incoming/loutgoingl resources for the year
(113,9461
64,131
149,8151
120,7431
Total funds brought forward
412,409
29,498
441,906
462,649
Total funds carried forward
298,463
93,629
392,091
441,906
The statement of financial activities includes all galns and losses recognised in the year.
All income and expenditure derive from continuing activities,
The notes on pages 13 to 22 form an integral part of these financial statements.
li

New Horlzons Partnershi
Balance Sheet
as at 31 December 2024
Limlted
2024
2023
Note
Flxed assets
Tangible assets
13
20,836
24,670
Current Assets
Stocks
Debtors
Cash at bank and in hand
3,359
258,906
125.483
387,747
2,822
97,045
336,250
436,116
14
Creditors: amount falling due
within one year
15
116,4921
118,8801
Net current assets
371,255
417,236
Net assets
392,091
441,906
Funds
Restricted funds
General f unds
Designated funds
17
18
18
93.629
148,462
150,000
29,498
262,408
150,000
Shareholders, fund5
392,091
441,906
The financial statements were approved by the board of trustees and authorised for issue on 17 April 2025.
and are s
ned on behalf of the board by:
Eamon Mccolgan
Trustee
Patricia Mccormack
Trustee
The notes on pages 13 to 22 form an integral part of these financial statements.
12

New Horlzons Partnershi
Statement of Cash Flows
for the
ear ended 31 December 2024
Limited
Notes
2024
2023
Cash used In operatlng activities
20
1209,6911
35,477
Cash flows from investlng actlvities
interest income
Purchase of tangible assets
Disposal of tangible assets
{1,0761
Cash provided by (used In) Investing activities)
11,0761
Cash flows from financing activities
Repayment of borrowing
Cash used In flnanclng activities
Increase Idecreasel in cash and cash equivalents in the
year
{210,7671
35,477
Cash and cash equivalents at the beginning of the year
336.250
300,773
Total cash and cash equivalents at the end of the year
125,483
336,250
13

New Horizons Partnershl Limited
Notes to the Flnancial Statements
for the
ear ended 31 December 2024
Accountin
olicles
Company Information
The charity is a private company limited by guarantee, registered in Northern Ireland and a
registered charity in Northern Ireland. The address of the registered office is 45c Derry Road.
Strabane, Co Tyrone, BT82 8DY, Northern Ireland.
1.1 Accountlng convention
These financial statements have been prepared in accordance with FRS 102 "The Financial
Reporting Standard applicable in the UK and Republlc of Ireland" the 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 (Charities SORP IFRS 10211 and the
Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these f inancial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal
accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that
the charity has adequate resources to continue in operational existence for the foreseeable future.
Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
1.3 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is
entitled to the income and the amount can be quantified with reasonable accuracy. The following
specific policies are applied to particular categories of income..
Voluntary income is received by way of grants, donations and gifts and is included in full in the
statement of financial activities when the charity is legally entitled to the income and the amount
can be quantified with reasonable accuracy,.
Grants for the purpose of capital expenditure are credited to deferred income when receivable
and amortised in line with depreciation,,
Investment income is included when receivable; and
Incoming resources from charitable trading activities are accounted for when earned.
14

New Horizons Partnershi
Limited
Notes to the Flnanclal Statements
continued
for the
ear ended 31 December 2024
1.4 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a
third party, it is probable that settlement will be required and the amount of the obllgation can be
measured reliably. Expenditure is classified under the following activity headings..
Costs of charitable activities includes the costs of training programmes delivered, commercial
trading and other educational activities undertaken to further the purposes of the charity and their
associated support costs,. and
Governance costs represents those items required to audit and report on the charity activities.
1.5 Fund accounting
The Charity has two types of funds for which it is responsible..
l. Unrestricted funds - the unrestricted fund is under the control of the Board of Trustees, to be
used in the furtherance of the objectives of the charity.
2. Restricted funds the restricted fund represents donations and grants received where the donor
has imposed restrictions on the use of the funds which are legally binding on the Board of Trustees.
Designated funds are unrestricted or restricted funds of the charity which the trustees have decided
at their discretion to set aside to Use for a specific purpose,
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation,
net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values
over their useful lives on the following basis:
Land and buildings
Plant and machinery
Fixtures and fittings
2Yo Stralght Line
201 Reducing Balance
200/0 Reducing Balance
The gain or105s arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.7 Impairment of fixed assets
At each reporting period end date, the charlty reviews the carrying amounts of its tangible assets to
determine whether there is any indication that those assets have suffered an impairment loss. If
any such indication exists, the recoverable amount of the asset is estimated in order to determine
the extent of the impairment loss lif anyl. Where it is not possible to estimate the recoverable
amount of an individual asset, the charity estimates the recoverable amount of the cash-generating
unit to which the asset belongs.
15

New Horlzons Partnershi
Limited
Notes to the Flnanclal Statements
continued
for the
ear ended 31 December 2024
If the recoverable amount of an asset lor ca5h-generating unit) is estimated to be less than its
carrying amount, the carrying amount of the asset lor cash-generating unit) is reduced to its
recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the
relevant asset is carried at a revalued amount, in which case the impairment loss is treated as 3
revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have
ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset
lor cash generating unit) is increased to the revised estimate of its recoverable amount. but so that
the increased carrying amount does not exceed the carrying amount that would have been
determined had no impairment loss been recognised for the asset lor cash-generating unit) in prior
years. A reversal of an impairment Ios5 is recognised immediately in surplus or deficit, unless the
relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is
treated as a revaluation increase.
1.8 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost comprises direct materials and, where applicable, direct labour costs and those overheads that
have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of
replacement cost and cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for Impairment. Any excess of the carrying amount
of stocks over its estimated selling price les5 Costs to complete and Sell is recognised as an
impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.9 Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call
with banks, other 5hort-term liquid investments with original maturities of three months or less,
and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.10 Financlal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party
to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts and there is
an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
16

New Horizons Partnershi
Limited
Notes to the Flnancial Statements
contlnued
for the
ear ended 31 December 2024
Bosicfinanclul assets
Basic flnancial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are Subsequently carrled at amortised cost using
the effective interest method unless the arrangement constitutes a financing transaction. where
the transaction is measured at the present value of the future receipts discounted at a market rate
of interest. Financial assets classified as receivable within one year are not amortised.
Classificution offinuncijl liabilities
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the charity after deducting all of its liabilities.
8usicfinancial liabilities
Basic financial liabilities, including creditors, bank loan5 and preference shares that are classified as
debt, are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments
discounted at a market rate of interest. Financial liabilities classified as payable within one year are
not amortised.
Debt instruments are subsequently carried at amortised c05t, using the effective interest rate
method.
Trade creditors are obligations to pay for goods or Services that have been acquired in the ordinary
course of business from suppliers. Amounts payable are classified as current liabilities if payment is
due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are
recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.
1.11 Employee beneflts
The costs of short-term employee benefits are recognised 35 a liability and an expense, unless those
costs are required to be recognised as part of the cost of stock or f ixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's
services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they
fall due.
17

New Horizons Partnershi
Limited
Notes to the Financial Statements
contlnued
for the
ear ended 31 December 2024
1.13 Foreign currencles
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.
Monetary assets and labilities denominated in foreign currencies are translated at the rate of
exchange ruling at the balance sheet date.
Judgements and key sources of estimation uncertalnty
In the application of the charity's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that are
not readily apparent from other sources. The estimates and associated assumptions are based on
historical experience and other factors that are considered to be relevant. Actual results may differ
from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimate5 are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revision affects both current and future periods.
Limlted by guarantee
The charity is a company limlted by guarantee and has no share capital. The liability of each
member in the event of winding-up is limited to £5.
Incomin
resources
Unrestricted
funds
Restricted
funds
2024
2023
Grants & Donations
WHSCT- speclal recognition payment
Halifax foundation
NI KNIB Small Grant
Other donations
5,500
5.500
1,040
197
1.237
5.500
5,500
Income from Charitable Activities
WHSCT / Income
Facilitation - Donegal Horizons
Strabane Garden Centre
Learning Resources
331,097
331,097
19,131
38,437
42,078
430,744
304,041
18.715
42,677
4,295
369,728
19.131
38,437
42,078
99,647
331,097
Other incomin
resources
Unrestrlcted
funds
Restricted
funds
2024
2023
Other income
5,857
5,857
5,857
5,857
3,296
3,296
18

New Horizons Partnershi
Limited
Notes to the Financial Statements
contlnued
forthe
ear ended 31 December 2024
Cost of charitable activities
Unrestricted
funds
Restricted
funds
2024
2023
Wages and salaries
Pensions
Horticultural purchases
Rent
Rates
Insurance
Light and heat
Repairs and maintenance
Cleaning
Stationery and printing
Advertising and promotion
Telephone and internet
Trainee allowances
Staff travel and subsistence
Motor expenses
Subscriptions
Bank charges
Sundry expenses
Other legal and professional costs
Trainee expenses
Temporary staff and recruitment costr
Donation - Donegal Hori20ns
Depreciation
Loss on foreign exchange
IProfitl/Loss on disposal of assets
224,211
16,316
224,211
16,316
16,453
34,951
2,413
4,299
19,507
1,147
2,105
7,666
638
225,785
18.388
22,368
34,951
2,570
4,263
18,692
3,024
2,013
7.248
768
16,453
34,951
2,413
4,299
19,507
1,147
2,105
7,666
638
8,570
8,570
5,680
2,940
1,115
1,382
2,065
14,467
7,726
8,622
4,308
88,239
4,910
2,341
6,226
6,060
2,724
1,346
1,155
2,122
5,929
6,202
11,018
2,450
5,680
2,940
1,115
1,382
2,065
6,723
7,726
7,744
8,622
4,308
88,239
4,910
2,341
5,861
209,605
272,465
482,071
391,164
Governance costs
Unrestricted
funds
Restricted
funds
2024
2023
Audit and accountancy
9,845
9,845
9,845
9,845
3,840
3,840
19

New Horizons Partnershl Limlted
Notes to the Financial Statements
contlnued
for the
ear ended 31 December 2024
Net incomin
resources for the
ear
2024
2023
This is stated after charging..
Depreciation of owned fixed assets
Auditors, renumeration
5,409
9,845
15,254
5,861
3.840
9.701
9 Em
ee costs
2024
2023
Wages and salaries
Employer NIC
Pension costs
207,779
16.432
16,316
240,526
208,781
17,004
18,388
244,173
No employee received remuneration in excess of £60,00012023: None)
Number of employees
Finance
Training & Community Placement
Horticulture
Catering
2024
2023
li
li
10 Trustees, information
No renumeration or other expenses were paid to the trustees during the year.
11 Penslon costs
2024
2023
Pension charge
16,316
16,316
18,388
18,388
The charity operates an auto enrolment pension scheme and a defined contribution pension
scheme in respect of the staff who wish to avail of it. This scheme is run by Aegon. The assets of the
scheme are held separately from those of the charity.
There was £1,994 outstanding at 31 December 202412023.. £2,626)
20

New Horlzons Partnershi
Limited
Notes to the Flnanclal Statements
contlnued
forthe
ear ended 31 December 2024
12 Taxation
The company is claiming tax exemption to the extent that income and/or gains are applicable and
apply to charitable purposes onlv.
13 Tan ible flxed assets
Land and
Plant and
buildin
s Machlne
Total
Cost
At l January 2024
Additions
Disposals
At 31 December 2024
1,768
86,947
1,076
88,715
1,076
1,768
88,023
89,791
Depreclatlon
At l January 2024
Charge for the year
Disposal
At 31 December 2024
402
35
63,643
4,875
64,045
4,910
437
68,518
68,955
Net book value
At 31 December 2024
1,331
19,505
20,836
At 31 December 2023
1,366
23,304
24,670
14 Debtors
2024
2023
Trade debtors - Donegal Horizons
Service level agreement income
Prepayments
172,754
83,706
2,445
258,906
50.595
43,902
2,548
97,045
21

New Horizon5 Partnershi
Limited
Notes to the Financlal Statements
contlnued
for the
ear ended 31 December 2024
15 Creditors: amounts fallln due within one
ear
2024
2023
Bank loans, overdrafts and credit cards
Trade creditors
Other taxes and social security costs
Accruals
700
2,715
5,082
7,995
16,492
632
2,903
9,419
5,926
18.880
16 Contin
ent Liabllities
There is a contingent liability to repay all grant monies should they not be distributed under the
terms of the various initiatives. The trustees do not anticipate any repayment falling due under the
terms on which grants were received.
17 Restricted Funds
Fixed Asset
funds
Net Asset
funds
Total
funds
Balance At l January 2024
Movement for year
Transfer of f unds
Balance At 31 December 2024
s,000
24,498
64,131
29,498
64,131
5,000
88,629
93,629
Fixed Asset Fund
The fixed asset fund is made up of grants received for the purchase of plant & machinery, office
equipment and improvements to property
Net Asset Fund
The net asset fund consists of monies receivable at 31 December 2024 and monies held, but not yet
spent for restricted purposes. The main funders of the net assets fund are:
Western Health & Social Care Trust
18 Unrestrlcted Funds
Desi
nated
funds
Cashflow
Desi
nated
funds
Bulldln
fund
General
fund
Total
funds
reserve
Balance At l January 2024
Surplus/ldeficitl for the year
Transfer between funds
Balance At 31 December 2024
262,408
1113,9461
150,000
412.408
1113,9461
148,462
150,000
298,462
22

New Horizons Partnershi
Llmlted
Notes to the Flnanclal Statements
continued
for the
ear ended 31 December 2024
19 Anal
sis of net assets between funds
Restrlcted
Income
funds
General
funds
Desi
nated
funds
Total
funds
Fund Balance at 31 December 2024
as represented by:
Tangible fixed assets
Current assets
Current liabilities
Non-current liabilities
5,000
17,414
15,836
220,333
116,4921
20,836
387,747
116,4921
150,000
Balance At 31 December 2024
22,414
219,677
150.000
392,092
20 Reconciliation of movement In funds to net cash
flow from o
eratin
activlties
2024
2023
Net movement in fund5
149,8151
120,7431
Add back depreciation charge
Decrease lincreasel in stock
Decrease lincreasel in debtors
Increase Idecreasel in creditors
4,910
15371
1161,8611
12,3881
1209,6911
5,861
295
47,256
2,808
35,477
21 Related art transactions
The company provides services and goods to an associated company Donegal Horizons based in
Donegal. The board of trustees of Donegal Horizons contains the same trustees as New Horizons
Partnership.
The balance due from Donegal Horizons at 31 December 2024 is £172,754 12023: £50,595).
Donations made to Donegal Horizons in the year totalled £88,23912023: £Nill.
22 Ultimate controllin
art
The company is limited by guarantee. There is no controlling party.
23