Charlty reglstratlon number XR 31215 Company reglstrallon number N1067640 (Northern Irelandl NEW HORIZONS PARTNERSHIP LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
NEW HORIZONS PARTNERSHIP LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Eamon Mccoban Bill Melnlyre Eoin McDon8k Patricia McCorm8ck Carmel McGrenra Linda Mclnty Paul F8gan Sandra Fri81 Charlty number (Northarn Ir¢landl NIC101401 Charlty number Icharltable Status Unlted XR 31215 Klngdoml Company number N1067640 Reglstered offlce 45¢ Derry Road Strabane Tyrone Northern Ireland BT82 8DY Audltor SCC Chartered Accountants Ltd 1 The Square Moy Co. Tyrone BT71 7SG Bankers Allled Irish Bank Meadowbank Strand Road Co. Derry Solicitors Worthingtons Solldlors 24-38 Gordon Street B81f8sI BT82 8DY
NEW HORIZONS PARTNERSHIP LIMITED CONTENTS Page Truslees. report Independent 3udiloVs report statement of finanal actwllie5 Balance $h88t 10 ststemenl of cash flows Notes lo the financlal statements 12-22
NEW HORIZONS PARTNERSHIP LIMITED TRUSTEES, REPORT REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees, pre58nt their annual report and financial stslemernts for th8 year ended 31 December 2025. The financial slalements hav8 ba&n prepared in ac¢ordaTh wllh thè accounting policies sol out in nota 1 lo the rinancial stat8m8nts and comply wlh the Charilyls Memorandum and Articles ol Association. the Companies Act 2006 and 'A¢coynting and Reporting by Charities.. Slat8ment of Recommended Practic8 8pplicable to charities preparing Ihelr 8ccounts in accordancg with the Financial Reporting Stsnd8rd 8ppli¢able in the UK and Republic of Ireland IFRS 1021. leffeclwe 1 January 20191. Oblectlves and activitres The ch8rilys prInp81 aclivity during the year was to provide Irdining, vocatnal and inclusive community opportuntr118s lor adults wilh learning dlsablllls across ihe North W8St bordor r8glon,' developSng best practice and shailng il wilhin and outslde the regk)n. The objectives of the charlty are to prowde servlce5 in OTd8r to support learnlng dis8bled trainees lo fulfil Iheir vocatSonal potential and lo achieve a gr&al8r lev81 of independence. Since 1995 New Horizons has developad a range of sarvic&s to he adulls wilh learning disabillties lo realise their full potenlial. The trustees confirm that they have referred lo the gukjance contalned in the Charity Comm15slon s general guidance on the public benefit when reviewng the Trusl's aims and objecllves ènd in planning fDr future activities and settlng the policy forth8 year. The Charity focuses on four rnain areas of operational a¢tlvlly', Training to equip trainees with sp6clflc vocatk)nal and life skllls., Community Opportuni118S - tralnees follow a reallstlc and achi8vablg vocational path through placements with local placement prowders, tenlered around the trainee, for the trainee and by the tr8ine8'. Soclal Ent8rprises- ojrrenlly one horticullufal enletprisa in Slrabane. Strabane Garden Centre continues to provide vocational opportunities for our train88s. Thls social trnterprise is an excellent example of how New Horizons achi8ves equality and inclusion ol our service users during their placement. Our service sers have the opportunity lo apply the skills and competencies they have developed on our training progratnmes In a supported pr8Ctical wod( environment, as well as providin9 OPPOrtunilies lor the pvblic lo observe the real meaningful woik that the trainee5 do,. and Developrnent ol Learning resources - for organisations that promde training and s8rw¢es to Indlvidua15 With a learnlng disabillly. These are a serfes of 188rnlng r8wurces and programmes designed lo leach indli4duals wlth learning dis8bililies essential skills in the areas of work and travel. Nawhop Skllls for Work consists of eight units ol general work skills content 8nd four unlls of vocalionally-orientated content. Newhop Skills for Travel is a complete travel training programme for organisations w01ng with people with leamlng dlsablliti8s, who wish to teach their end users safe. Independ8nt travel. Public b&n8fit The Trus188s' h8ve paid due regard to guidan issued by th8 Charty Commlssion In dadding what aclivitFes Ihe Charity should undertake.
NEW HORIZONS PARTNERSHIP LIMITED TRUSTEES, REPORT REPORT (INCLUDING DIRECTORS, REPORTI {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Achlevements and performance Sigft)iliGanl activilies andachi8V8m8nls 898insI obpclls During this reporting y83r, the organisalion continued tD build on ils strengths and pasl achievements. Its increasing sibillty in the Communilylpublic domain,. utilising soclal media to its best advantage and respondlng to the needs and wishes of our client group, not only meèting the goals of our train8es Ihrouoh the person-cenlred planning process but generating inter88t frorn other organlsallons to work collaboratively,. as well as from 8L*ools and parents who are Invaed on lulures planning for the naxt generation. A5 well as the ongoing creation and d81ivery ol new atsd varied timetables of learning (which still included the delivery of kay r8adlng. wdting and life skSlls, acting as a base for accredited Irainingl.. th8 lacus had rnarkedly shlfted this year in rèsponsè to fLtrnder and trainee detnand for greater and fuller Community inclusion which is r881 and meanlngful. Trainee5 chose Ihalr own exp8ri8nces supported by Iheir assigned key worker and programmes became so much more 8njoyable with the learning still happening bul in more practical. aulh8ntic ways and classroom work deprlorilised somewhat, Mrith an exceptlonal offerlng over the SLtmmer months of activllies and events all chosen by the l¥ainees themselves. Good physical and rnental health support r8m8ined paramount throughout, working closely with other organlsalbns and providers in th8 local Cornmunity around mental health, physical aclivily, nulrilion. mindfulness- as 8x8mples. We continued to utilise, lo the fullest, our enhanced technologlcal skllls and equipment purchased to eThha the experience. Staff training continued apa to ensure that our slaff Team remain lully knowl8dg8abl8 in all area5 of Iheir practice and that we continue lo be leaders In the dellvery ol SeNS$ to adults with barnlng disabilities in thi8 geographical catchrnenl area. The relocation of the Training & Community Opportunilies, service to Orchard Road Industrial Eslale has continued lo allow oruanisatlonal developtnent overall.. as well as hugely ben8fitting Strabane Gardan Cenlre with the space that the move afforded granling autonorny to the Teatn there to ulili5e their ativitY to further the unique service offering, with an InltSal focus overall on attracting n8W trainees. The priority In 2025 rtsmalned - that of 8nsuring Ih8t our trainees, their famllles, our lunder and all stakehoklers. exp8clations were meVsurpas5ed by our committed staff Team. Financial review During the year ended 31 December 2025 the charity receed totssl income of £499,58312024'. £442,101) and had an ov8r811 surplus of £35,15812024.' £49,81 S def111. In¢ome from s8rvice level agream8nls with Western Health & Sooial Care Trust ineased by £68,112. Overall expenditure deaSed by £27.491. The charity remains in a strong rinancial position wlth reserves of £427,249 at 31 D8c8rnr 202512024.. £392,091). R&s&mas policy While fundlng for the charity's core activitS 15 Secured unlll 2025, New Horizons Partnership Limiled needs to eslabllsh a reserve5 wlScy to have sufficient cash r8serv8s should th8 company 8XP8118nce c88h tk)w problems or costs involved in any potential wind up of the company andlor piovision lor redundancy costs. 11 is recommended that reserves equivalent to three to six months iunning cosls for cor8 activities together with antlcipaled improvements to fixed assgts be rotained. The larggl set and realised lor thls In Ihe current year is £150.000. The level ol reserves are reviewed by the truste@5 8nd management regularly throughout the year. The mlnimum level of reserves for th8 ongolng needs ol the charity is reviewed by lh8 twsteos on an annual basis.
NEW HORIZONS PARTNERSHIP LIMITED TRUSTEES. REPORT REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Plans for future perlods Our strategy lo extend our reach to 811 thos8 we support, whlle m8int8ining a sustaSnable pac8 of growth. remains a central priority for the organisalion. Awareness of our work continues to strengthen both within the local corntnunity and acros5 th8 wider seGtor. This has been support8d by high-quallty communications and effective collaboralive working. which refieet the organisalion's development and engagement with emerging media trends. These effort5 have contributed lo a positive profile ol Ouf trainees 8nd have played an irnportanl role in promoting gr&aler d15ability awareness wilhln society. Our comm5tment to continuous quallly monitr)ring-and th8 ongoing improvernent of our service delpiery-rern8ins central principle of our work. Quality is assured through robust inlernal processes that allow us lo revlew performance, identify areas for development, and respond effectively lo the evolving needs of Ih05e we 5UPPOrt. The 5-Y88r Stralegio Plan Gontinue5 to sel out our Mission, objective5, and long-term prlorities, providing a strong framework lor building on our aehi8vemenls and adopling an incr8a8ingly holistic approach to service delfvery. Looking ahead, New Hor6zon5 Partnershlp Lld. r8maSns gulded by the k8y v8lues of professionalism. inntsvalion, personalisallon, flexibility. positive risk-laking. and re5ponsiven&ss at every level of th8 organlsalitsn. While w8 benefit from 8 strong base of core aclivilies, w8 recognise the challenges ol an Increasingly competitive environment. 11 Ss therefore essential that we continue lo consolidate our existing seiceS and furlher leverage our inherent 51r8ryths, By doing 50, New Horizons Partnershlp Ltd. will continu8 to defwar exeTnplary tr8ining, community-based opportunitles. and meaningful expeenS lo those referred lo our services. As th8 organisalion grows-both in the r8nge of activities on offer and in the positive impact this has on Irain88S, their famllies, and th8 WKler communlty our staff tearns refflain d8dicaled lo seekinu out new and ex¢iling OPPOrtunlties. Lifelong leaming rernains al the heart of our purpose, clriving u5 to Continuous 8nhance the opportunities available to all Iralnees. New Horizons Partnership Ltd. lemains firmly cornmilled lo promoting the highesl possible level of Independen for every individual referred lo our services. In¢aSed indepeTMlence enhances quality of life not onty lor each trainee but also for th6ir families and wider sUPPOrt networks. Every individual is 8mFM)wered lo make thelr own inform8d choices-supporled by our dedic8led staff leam-regardlng their educational, vocallon81, social, pastoral 8nd personal wellness pathways, induding the pace and timing of each stage ol their Journey. Each tralnee has talloFed Person-centred Plan, wlth goals monilored daity. weekty, and monthly, and rewewed collatx)ratively with Iheirwid8r Circle ol Support as required. In conekJ51on. N8w Horizons Partnershlp Ltd. 55 confident about Ihe future. As an organisation, we will continue to build on the exlenswe experience we h8ve gained and the strengths thal define us. We remain comrnilled to slrenglhènlng relationships wilh families. funders and the widor community, relnforcing the exlIent reputation w8 have est8blished. As WHSCT and broader soci8tal 8xpeclalions continu8 to evolva-encour8ging a blurring ol boundaries between specialist and m8inslrearn serwice5-we recognise the irnportance of enabling trainees to develop ever-high8r expeclatitsns for thern5ee5 and Iheir ¢ommunilies. Meeting Ihls challenge will support even great8r posllive outcomes and further confirm New Horizon5 Partnership Ltd. as a provider of person.cenlred selv1S ol eXllence. We remain optimi%liG and proud.. proud of our staff team5, proucs of our trainees, and de8ply appreciat¢ of the unwavering support shown by our local ¢ommunllSes. Demand for our seN[S contlnues lo grow. and our 5t¥8tegic 8ppro8ch ensures that we remain well-pl8ced to respond. With this direction, New Horlzons Partnership Ltd. Is confidenl that il wlll continu8 to b8 the provlder of d)olce In Co. Tyron8 for many yeèrs to com8. structure, governance and rnanagement The Charity is a company limited by guarantee with charitable slalus, IncorporateLI on the 2 January 2008, and r8gislered as a charity in Northem Ireland in 2015. The company was established under MemDrandurn ol AssaaaOn that est8blished the obje¢ls and powers ol the charitable company and is governed under Il5 Articles of Associ8tion. In the event of tha wlnding up of the company each member is reqvired lo contribute no More than £5.
NEW HORIZONS PARTNERSHIP LIMITED TRUSTEES. REPORT REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees,, who are also Ihe directors for the purpose ol company L4w, and who setved dudng the year and up lo the date of signature of the f5nancial statements were.. Eamon Mccolgon Bill Mclntyre Eoin McDonald Patricia Mccormack Carmel McGrenra Linda Mclnty Paul Fagan Sandra Friel Recruitment andèppolnlmenl of tmstees The Irustees of the charily wh8n 818Ct8d Serve until the next annual general Meeng al which they must be re- el8Cted. The m8nagemenl operate a System of internal control designed to provide reasonable assurance, but not absolute assuranc8 against material misstatement or loss. They include the., regula¥ considaration by th8 tru8tees ol progress reports regardlng operational acllvities. Th888 ar8 r2rri8d out delalling performance indicator 18vels such as participant numbers and financial breakdowns. Any d8viation5 from targets are hlghlighted and ¢onlingency actions are impl8m8nt8d.. d818g8tion of aulhorily and segregatron of duties 8mong s18ff.' and Idenlificalion and management of risks to which thè charity Is axposed. statement of Trustees, report responslbSllties Thtr Trustees,, who are also th8 directors of New Hort20n Partnerships Limited for the purpose of cornpany law, are responsible for preparing the Trustees, Report R8POrt and the financial slaletnenls In accordan vilh applicable law and United Kingdom Accounting Standards (Llniled Kingdom Generally Accepted Accounting Practi1. Company Law requires the Trustees, lo prepara financi81 slatamenls for each financial year whlch glve è Irue and falr view of th8 St818 of affairs of the Chailty and ol the incomlng resources and application of resour(xs, including the incotHe and expenditure. of the charitable company for that year. In preparlng these financial statements, Ihe Tnjstees. are required to.. sele¢l suilable accounting policles and Ihen apply them consistently.. obsewe the methods and principles in the ChaThties SORP, 2019 IFRS1021'. make judgements and estSrn3les that are 8$onable and prudent., slate whether applicable UK Accounting Standards have been followed, subject to any matgrial d8partur88 disclosed and explained in the financial statements.. and prepare the financial st8teTnents on the going concern basis unless it is inappropriat8 to pr&sume that the Charity will continue in operation. The Trustees, are respon$ibk8 for keepitVJ 8dèouate aceounling records that disclose wth reasonable accuracy at any time Ihe financial p0511ion of the Charity 8nd enable them to ensure that the financia1 slalemenls compty with the Companies Act 2006. They ère a150 rasponsible for safeguarding th8 assets of the Charily and hence for taklng reasonable steps for th8 prevention 8nd delecllon of fraud and other irregularities. Audllor In accordance with the companls articles, a resoMTrlion proposing that SCC Chartered Accounlants Ltd be reappointed as audltor of the company wlll be put al a General Meeting.
NEW HORIZONS PARTNERSHIP LIMITED TRUSTEES, REPORT REPORT {INCLUDING DIRECTORS. REPORT} (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Audlt Exempllon The trustees are of the oplnlon the cotnpany is entitled to exernplion from audlt In 8ccordance with seollon 475121 and section 475131 of the Companies Act 2006. However. we have chosen to have an audlt undertaken as it may be requested in futur8 funding applications. Small Company provisions This report has been pr8par8d in accordanc8 with the provlslons In Part 15 of the Companigs Aol 2006 appllcable to comp8nles subject to the small companies regim8. The Trus es, report report was approved by the Board ofTruslees'. LL Trustee 1 April 2026
NEW HORIZONS PARTNERSHIP LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES, OF NEW HORIZONS PARTNERSHIP LIMITED Oplnlon We hav8 audii&d the nancIal slatèmenls of New Horizons Partnership Llmited Ilhe'charity'l for Ihe year ended 31 December 2025 whi¢h cornprise the ststement of finanal activitie5, the balance sheet, the staternent of c85h fiows and notes to Ihe IlnanGial statemen15, including significant accounting poli¢ie$. The finan¢i81 pOrting framework Ih8t has been applled in their preparatlon is applicable law and United Kingdom Accountlng Standard5, includlng Financial Reporting Standard 102 Th& Fin8nci81 R8porting S18nd8r(l appIabl& Ihe UK 8nd R8public of Ir818nd (United Kingdom Generally Aceepted Accounting practi). In our opinion, the financial stalements.. give a true and fair wew ol the slate of the charitsble companys affairs as at 31 December 2025 and of its incoming re50urce5 and application of resources. for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Aecounting Practice; and have been prgpar9d in accordance wllh the tequlremenls of the Companlas Act 20C£. B351s for oplnlon We eoriducled our audit In ac¢ordance wth InternatSonal Standards on Audlllng IUKI IISAS IUKII and applicable w. Our responsibilities under those standards a fvrther desCbed Tn the Auditols responsiblllties for the audit of Iho financial slalements section of report. We ar8 independent of the Charity in accordance with the ethical requirements that are relevant to our audit of Ihe financial statements in the UK, includlng the FRC'5 Ethical Standard, and we have fulfilled our 0lh8r ethical responsibilili8s in accordance with th8se requirements. W8 b81i8V8 that the audit eviden we have obtalned is sufficient and approprlale lo provlde a basls for o¢Jr opinlon. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that th8 Trust88s' report US8 ol the goi con¢em basls of accounling in the preparatlon of the financial statements is appropriate. Based on the work we have perfomied, we have not identffied any material uncertsinls relatiwJ lo events or conditions th8t, IndVIduallY or collectively, tnay ca5151gnificant doubl on the Chaiily5 ability to contlnue a5 8 going concern lor a period of al least Iwelve months from when the financial statements are authorised for issue. Our responsibilities and the re8ponsibilitle8 of the Trustees. wilh respect to going concern are described in the relevant secllons of Ihls report. O¢her Informatlon The other informalion comprises the information induded in Ihe annual r8POrt olh8r than the financial stal8m8nts and our audllovs report thereon. The Twsle8s' are responsible lor the other informalion contained within the annual report. Our opinion on lh8 financial statements do85 not cover Ihe olh6r inforrnalion and we do nol 8xpre5s any form of assuran conclusion Ihereon. Our responsibility is to read the other Information and, In doing so, consider wh8ther the other inforrnalion15 fflateFially inconsislenl with Ihe financial stalemenls or our knowledge oblained in the course ol the audlt, or oth8rwise 8PP8ars to b8 tnat8rially mis5t818d. If w8 identify such tnat8rial inconsist8neias or apparent material misstatements, we are required to determine whether this gives rise lo a material mi8slatemenl in the financial statements thernsees. If. based on the work we have performed, we conclude Ihal there Is a material misstatement of this other informalhjn. we are required to report that lact. We have nothing lo report ITh this regard. Matters on whlch we are requlred to report by exceptlon We have nolhlng to report in respect of the following matters in relation to which the Charities (Accounts and R8POrtsl Regulatlons 2008 require us to report lo you il. in our oplnion.. the infortnation glven In the financlal slalemenls is inconsistent In any malerial respect wlth the Tw5tees' report., or sufficient accountlng r81x>rds have not been kept., or th8 fin8ncial stat8ment5 are not In agreement wSlh the aceounllng records.. or we h8v8 not reiVed all the Snform8tlon and explanatlons we requ1 for our aud1t.
NEW HORIZONS PARTNERSHIP LIMITED INDEPENDENT AUDITOR'S REPORT {CONTINUED} TO THE TRUSTEES, OF NEW HORIZONS PARTNERSHIP LIMITED Responslbllltles of Trustèès, As explained more fulty In Ihe statement of Trustee5' report r8sponsibililies, the Trustees,, who 8re aFso the directors ol the Charity for the purpose of company18W, 8re responsible for the preparalion of lh8 financial slat8men15 and for being s81isfied tha( they glve a Irue end falr view, and for such internal control as the Truslee5' deleimlne 15 necessary lo enable the preparatlon of financlal statements that are free from aterial misslaternent, whether due lo fraud or error. In prepariw th8 financial stalemenls, Ihe Trustees, are responsible for assessino thè Charlty's bility to conlinue as a going concern, disclosing, as appllcable, rn8tlers related lo going concem and using the going Gon[ basis of accounting un18S5 the Trusl885' either Intend to liquidate th6 charitable company or to ceas8 DpeTations. or have no realistic allernalive bul to do so. Audltor's r•sponslbllltles for the 8udFt of tha flnanclal ststements Our objectives are to obtain reasonabl8 assurance about whether the financial statements as a whole are free from materi81 misslatement, whether due to fraud or error, and to Issue an auditors report th81 includes our oplnlon. Reasonab assurance is a high level of assurance bul is not a guarantee that an audlt conducted In accordance with ISA5 IUKI will 8Sways delect a material misstatement when il exists. Misslatemenls can arise from Iraud or error and are considered material if, individually or in the aggregate, they muld reasonably be expected to Influence the economic deasion5 of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of Tn-complIance with laws and regul3lions. We design procedvres in Ilne with our re5ponsibililies, outlinad abov8, to d818Ct material misslalements In Tespact of irr8ou12rilies, includlng fraud. The extenl to which our procedu$ are capable ol detectlng irregu18rilies, including fraucl is detailed below.. Based on our understsnding of the charilabl& company, we identified the princip81 risks of non-comp1ian¢e wllh laws and r8gulalions related lo general data protectlon regulations, 8nd heallh and safety regulatlons. We also Considered those laws that have 8 direct Irnp8Ct on the preparation ol Ihe linandal s18tements. W8 evaluated the commlttee members Incenllves and opportunitk98 for fraudulenl manlpulalfvjn of the finanual slalemenls. We communical8d the identified laws and regulations throughout the audit 18am and remalned alert to any indicatsons ol non-compliance throughout tha audlt. Audit proc8dures performed by the auditors included. but were not limited to.. Discussions with management including wnsideralion of known or suspected instanTrs ol noncornplianc8 with laws and regulallons and fraud., Performing analytical proc6dures lo id8nlify any unusual or vnexpected rel8tionships thal rnay indicate risks ol material mlsstalement ¢Jue lo fraud.. Read1ng mlnute5 of rneetings of those charged wrfh govemance., In addressing the risk of fraud through management override of controls, testlng the approprfatene5s of joumal entrfes and other adjustments and as5esslng wh&lher the judgements made in making accounting estimates are indicat*ve of management bias. Because of th6 inh8renl limitations of an audil, th8re is a risk that we will not delecl all irr8gularilies, including Ihosè 18ading to a m818rial misslaternenl in the financial slalements or n-compli2nc8 With regulation. This risk incrsas8S the more Ihat compliance with a law or regulation is removed from the events and tiansaclions r8fl8Ct8d in the flnanci81 slat8rn8nts, a8 W8 w511 b8 18ss lik8ly lo become aware of Snslances of non-compliance. The risk is a150 greater regarding irr8gul3rities octurring due to fraud rather th8n error, as fraud involves Intentional conc88lm8nl, lorgary, collu51on. 0rn15sK)n or misr8pr888ntation. A further descrlplion ol our responsibililles Is avallable on Ihe Frnancial Reporting Coundl's website at.. https'.11 ww.frc.org.uklauditorsresponsibililles. This desrptiOn forms part of our auclitor's reporl. Use of our report This reporl is made solety to the chariV5 trustees. as a bty, in accordance wlh part 4 of the Chayilies (Aitounts and Reports) Regulations 2008. Our audit work has been undertaken $0 Ihzl we might slat8 to the charllls Iru51ee5 those matters we are required lo slate lo Ihem in an 2udilorfs report and for no other purpose. To the fu118St extent permttled by law, we do not accept or assume responsibility to anyone other Ihan the charity and th8 charlty's Irusleas 8s a body, for our audil work, for this report, or lor the opinions we have formed.
NEW HORIZONS PARTNERSHIP LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES. OF NEW HORIZONS PARTNERSHIP LIMITED S8an G. Cavanagh (Senlor Statutory Audltor) for and on behalf of SCC Chartered Accountants Ltd 1 April 2026 Chartered Accountants Statutory Audltor 1 The Square Moy Co. Tyrone BT717SG SCC Charter8d Accountant5 Ltd Is eliglble for appointment as auclitor of the Charity by virbje of Its eliglbllity for appointment as auditor of a company under 5eotlon 1212 of the Companles Act 2006.
NEW HORIZONS PARTNERSHIP LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unr85tricted Restrlctod fund5 funds 2025 2025 Total Unr6$trl¢ted R85trlct8d funds funds 2024 2024 Totsl 2025 2024 Notes Income from.. Donations and legacles Charitable acliwties oth8r inwme 5,500 331.097 5,SOO 430,744 5,857 83,109 17,265 399,209 482.318 17.265 99,647 5,857 Totsl Incom8 100.374 399,209 499,583 f05,504 336,597 442,101 Charitable 8ctlvit19S 108,432 355,993 464,425 219,450 272,466 491.916 Net Incomel{èxpènd51urel and movement in funds 18,0581 43,216 35,158 1113,9461 64.131 149,8151 Reconclllatlon of funds: Fund balances at 1 January 2025 298,462 93,629 392.091 412,408 29,498 441,906 Fund balances at 31 December 2025 2,404 136.845 427.249 298,462 93,629 392,091 The statement of financlal activities Includes all galns and kjsses recognSsed In the y88r. All in¢ome and expenditure derive from continuing aGllvltle5.
NEW HORIZONS PARTNERSHIP LIMITED BALANCE SHEET AS A T 31 DECEMBER 2025 2025 2024 Not85 Fixed a558ts Tangible assets 10 20,280 20.837 Current assets Slocks Debtors Cash at bank and in hand 11 12 3.639 203.030 221.232 3,359 258,905 125,482 427.901 387,746 Creditors.. amounts falllng du8 wlthln one year 14 20,932 16,492 Nel current ass8ts 406,969 371.254 Total asset& less Current liabilili8S 427,249 392.091 The funds of the Charity Reslricled income funds Unrestricted funds- gener31 Vnreslricled funds- Desingaled 16 136,845 140,404 150,000 93,629 148,462 150,000 427,249 392,091 These flnanctal statements h8ve been prepared In accordanee wllh the provisions 8ppISc8ble to companles sublecl lo the small comp8nies r8gim8. Th8 fin8n al 5tatemen15 were approved by the Truslee5' on 1 April 2026 oftyt(LG Trustee Company regi8lratlDn number N1067640 (Northern Ireland) 10-
NEW HORIZONS PARTNERSHIP LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Not8S Cash Ilows from operatln9 actlvltles Cash generated fromllabsorbed by) OP8ralons 21 98,844 1209.6921 Inv85tlng actlvltl83 Purcha58 of tangible fixed assets 14,0611 11,0761 Net cash usod In Snvestlng actlvltles 14.0611 {1,0781 Flnan¢ln9 actlvltFe$ Repayment of bank loans 967 Net cash generated fromllused Inl flnanclng actlvltles Net Increaselldecreasel In cash and cash equlvalents 95,750 1210,7681 Cash and Cash equlvalents at beglnnlng ol year 125,482 336,250 Cash and cash equivalents at end of year 221,232 125,482
NEW HORIZONS PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting pollcles Charity Informatlon New Horlzons Partnershlp Limlted is a private company fimtted by guar8nle8 incorporated in Northern Ireland. The register8d office is 45c Derry Road. Slrabane, Tyron8, BT82 8DY, Northern Ireland. 1.1 Accounting conventlr)n The financi31 statements have been prepared in 8ccordance wllh the Charity's Igoveming docum8ntl, the Comp8nles Act 2006, FRS 102 'Th8 Financial Reporting Standard applicable in the UK and Republic of Ireland" C'FRS 102.1 and the Charilies SORP "Accounting and R8POrtin9 by Charitles.. Sta18ment ol Recommended Practi applicabl8 to Gharilies preparing their accounts in aCCOTd8nce with the Financl81 RepL)rting Slandard appllcable In the UK and Republlc ol Ireland IFRS 1021. leffeclivg 1 January 20191. The Charity Is a Publlc Benefit Entity as defined by FRS 102. The flnanclal slalement5 are prepared in sterling. whlch is the functional currency of the Charlty. Monetary amounts In these financial ststem8nls are rounded io the n88r8St £. The flnancial slatem&nts have been prepared under the hlslorlcal cost convention, Imodified to include the revaluation of freehold properties and to indude investment propertles and certain financial inslfuments at fair Valuel. The principal accounting policles adopted are set out below. 12 Golng concern At the lime of appiovlng the financial staletnenls, the Trusle8s' have a reason2ble expectation that the Charity ha5 adequale resources to continue in operatK)nal existen¢8 for th8 foreseeable futu. Thus th8 Truslee5' nlinue to adopt the golng concern basls of ac¢ounting in preparing the financial statemenls. 1.3 Charftable funds The Charity has two types ol funds for which it Ss responsible.. Unreslrlcled funds - the unreslriGled fund is under the control of the 8oard of Trustees, to be Lssed in the furtheTance ol the obje¢tiV85 of the Gharfty. Restricted funds - the r88tricted fund represents donations and grants rec8ivod where the donor has Imposed r8slrictiOn5 on the use of the funds which alegallY blnding on the Board of Trk55tees. Designated funds are unreslricled or reslricted funds ol the charity whloh the trustees havg decNled #t IheSr dlscrellon to set ashye to use for a spedfic purpo88. 1.4 Income All incoming sOurCeS ar8 included In the stalemsnt of finandal actwilies when the charity ts entitled to the Income and th8 8rnounl can be qu8nlified with reasonable accuracy. The following 5peclfic policies a applied to particular cal8gories of income.. Voluntary income Is ceiVed by way of grants, donations and gifts and is included in full in the slaternent of financial actfvities when the charity is1egalty entitled to the Income and the amount ca be quanlffied w41h reasonable accuracy., Grants for th8 purpose of capital exp8nditure are ¢éted to deferred Income when r8celvable and anY)rtised in line with deprecialion., Investment in¢om8 is included wh8n recgivable,. and IncA)ming resourc88 froTh chaiitable trading activitSes are accounted loi when eamed. 12
NEW HORIZONS PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting pollcles Icontinuedl 1.5 Expenditure Expenditure Is recugnised On there Is a l@g81 or constructe obligation to make a payment lo a third party, It is probable that selllement will be required and the amount of the obligation can be measured reliably. Expenditure is classrfied under the followlng activlty headSngs'. Costs DI Charitable activities Includes the costs of Iralnlng programmes deliver8d, commercial tr8ding and other educational activities undertaken lo further th8 purposes of the charity and Ihair asSocled support costs", and Govemanc8 cosls repTe5enls those items raquired to audit and 18port on the eharity 8clivilies. 1.6 Tanglble fixed assets Tangible fixed assets are inlllally measured at cost and subsequently m88sured at cost or valualiDn, net of depreciation and any Impalrment losses. Depreciation Is recogn158d so as to write off the cost or valuation of assets less th8ir residual values over Ihelr useful lives on the following base5'. Freehtsld land and building5 Plant and equiprn8nt 2% straight line 20% reducing balance The gaSn or Ioss arising on the disposal of an asset is d818m)ined as th8 difference beiw8en the sale prOed8 and th8 carrying value of the asset, and Is reeognlsed in the 5tatern8nt ol finarrial 8clivities. 1.7 Impalrment of flxad assets Al 8ach reportlng end date, the Charity r8vlews the carrying amounls of its langible assets ta determlne whether there is any indicatlon that Ihose asse15 hav8 suffered an Imp8irment loss. If any such indication exi51s, Ihe recoverable smount of the asset is eslimaled In order lo determine the extent of Ihe impairment Ios8 lif any). 1.8 Stocks Stocks are stated 81 the loww of c051 and estimated selliro price 165s costs to complet8 and sell. Cost conipris8s dir80t matarials and, where applScable, direct bbour costs and those overheads that hav8 b88n incurred in bringing the $lo¢ks to their present lo¢alion and condillon. Items held for d15tributk)n at no or nominal con5id8ration are measur8d lh8 lower of replacsmenl cost and cost. Net realisable value Is the 8slimat8d selllng prfc8 less all estimated costs of completion and costs to b8 Incurred in markellng, selling and distributlon. 1.9 Cash and $h equlvalents Cash and cash eouivalents include cash in hand. deposits held at call with banks. other short-terrn liquKJ Inve51menls with origin81 maturilles ol three monlhs or less, 8nd bank ove¥drafts. eank ovwdr8fls are shown within borrown98 In currenl Ilabilllles. 13-
NEW HORIZONS PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcl85 Icontlnuedl 1.10 Flnanclal Instruments The Chartly has elected 10 8ppty the provlslons of Secilon 11 '83sic Flnanci81 Insliumenls, and Section 12 'Olher Financial In51rumenls Issues, of FRS 102 to 811 of its financial instruments. Financial instruments are recognised In the Charitrfs balance sheel when the Charity becomes party lo the contraclual provisK)ns of the instrument. Financial assets and liabili1Ses are off$81, wilh the n818rn0unls presented in the financial statements. when the is a legally 6nfDrceable right to sel off the recognised amounts and there is an 5nlenllon lo sellle on a n8t basis or to reallse the asset and sellle th8 liability 5iTnullaneotssly. Bas1¢ Ilnanclalassets Basic financial assets, which include debtors and cash and bank balances, are initially measur8d at trans8elion prfce including transaction costs and are subsequently carried at amortised cost using the eff8clive interest m8lhod un18S5 Ihe aliangemenl constitutes 8 financing transaction, where th8 tr8nsaction is measured al the pr8sent value of the future receipts discounted at a market ralg of intaresl. Financial assets classif18d as receivable within one year ar8 not 8mortiS8d. Basic financial Ilabllltles 8a5ic financial liabilities, including creditors and bank loans are ini118lly recognised at transaction prfce unless the atTang8ment conslilules a financlng transaction, where Ihe debt Instrument is measured at the present value of the future payments discounted al a market rate of interest. Fln8neial Ilabllities classified as payab18 within one year ars not amoitsed. Debt Snstrumenls are subsequently c2rried at amortlsed cost, using the effective interest rale melhod. Trade creditors are obligalK)ns to pay foT goods or setvices that have been acquired In Ihe ordinary course of OperatnS from suppliers. Amounts payable are cla5sSfled as current liabilities if payment is due wilhln one year or 18ss. If not, they are presented as non-crrent liabilities. Trade creditors are recognised initialty at transactlon price and subs8qU8nlly rneasured at amortised cost using th8 8ff8Ctive interest method. Derecognlllon of flnanclal Ilabllllles Financial li8blliti85 are derecognls6d when the Charily's contractual obllgatlons explre or are di8charg8d or cancelled. 1.11 Employ&e benefits The Cost of any vnu88d hollday entitlement is recogni88d in the period In whlch the employee's services ar8 recelved. Tormlnation benefits are recognised Immediately as an 8xp2nse wh8n the Charily15 dtsmonstrably commilled to lerrninate the employmenl ol an employe8 orto provkle temiinatlon benefits. 1.12 Retlrement benellts Payments lo defined conlribution rellrement benefit schemes are Charged as an expense as they fall due. 1.13 For8lgn exchange Tr8nsaction5 In currencies other than pounds slerllng aro recorded al the rates of exchang8 prevailing al the dales ol the Irans8clions. At each reporting end date. monetary as5et5 and liabilities that are denominat8d I lorelgn currencies are retran51aled 81 the rates prevailing on the reporting end d818. Gains and 105se5 arising on translation in the perlod are included in profit or loss. 14-
NEW HORIZONS PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Crltlcal 8ccountlng esflmates and ludgamerhls In the application of the Charitys accounting pollc188. the Trusle6s' are requlred to make judgernents, estlm8les 8nd assurnplions aboul the earrying amount of assets and liabilitie3 that are not raadily 8PP8rent frorn other sources. Th8 estimates and associated assumplions ar8 based on historical eKpsrience and other factors that ar8 considered to be reK8vanl. Actu81 results may differ from these estimates. The eslimal6s and underfying as$umptk)ns are reviewed on an ongoing ba515. Revisions to accounllng estimate5 are r8cognised in the period in which the estirnale is rovised wher8 the revision affects only that P8rSod, or in the perfod ol the r8Slon and future perlod5 where the revision affects both current and fulurg periods. Key sources of estlmallon uncertalnty Depreclatlon charge Th8 annual deprecialion charge Is 8 key accounting esllmalÈ and IB calculated based on the entilsls assessment of u5efvl economic lives lor each category of 88SÈt and the resldual value of fixed assets. These ar8 both r8viewed annually and upds18s ar8 mad8 il required. Income from donatlons 2nd legacles R8Strlcted funds 2025 Restrlotèd funds 2024 Donatlons and gifts 5,500 Income from charltable actlvltles Unre8tricted Restrlcted funds fund5 2025 2025 Total Unrestrlct8d R8s¢rlcted funds funds 2024 2024 Total 2025 2024 WHSCT Facililatlon. Don8gal Htsrizon5 Slrabane Garden Centre Learning Resources 399,209 399,209 331,097 331.097 18,266 40,457 24.388 18,266 40,457 24,386 19,131 38.438 42,078 19,131 38,438 42,078 83,109 399,209 482,318 99,647 331,097 430,744 15
NEW HORIZONS PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Other Income Unrestrlct8d Unre8trlct8d funds funds 2025 2024 Inlerest reeelvable Other Income Fundraising events 347 8,444 8,474 4,512 1,345 Olher income 17,265 5,857 16
NEW HORIZONS PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 Expendlture on charltable aCt[lIeS Unrestricted Restrlcted Fuhds Funds 2025 To¢al Total 2025 2025 2024 Direct costs Staff costs Depreciation and impaimient Sundry expenses Telephone and internet Rates Hortlcullural purchases Insurance Donation - Doneg81 Horlzons Light and heat Repairs and maintenance Staff Iraining Rent Oth8r18gal and professional costs Cleaning stalionery and printing Advertising atKI promotion Profit or Loss on foreEgn excharvJ8 Tralnee allowanees Staff travel and subslstence Motor expenses Subscriptions Bank charges Ternpor8ry slaff and r8cruitmeTht Trainee expenses 313,940 313,940 4,618 8,875 5,585 2.232 18,177 4,547 240,527 4,910 11,567 8,570 2.413 16.453 4,299 88,239 19,507 1,147 2,900 34,951 17,571 2.105 7.666 638 2,341 5,680 2,940 1,115 1,382 2,065 4.30B 8,622 4,618 5,006 5,585 2.232 18.177 4,547 3,869 18,172 1,747 1,743 34,951 9,375 2,670 4,285 638 15,7401 18,172 1,747 1.743 34,951 17.145 2.670 4,285 638 15,7401 7,230 4.483 1,353 1.154 2.619 3,142 10,859 7,770 7,230 4,483 1,353 1,154 2.619 3.142 10.433 426 108,432 355,993 484,425 491,916 Analysls by lund Unrestricted fund5 Restricted funds 108,432 108,432 355,993 219,450 272,466 355,993 108,432 355,993 464,425 491,916 Trustees. None of Ihe Trustees, lor any persons connected with Iheml r8C8wed any remuneration or benefits from the Charity during the year. 17-
NEW HORIZONS PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Employees The av8rage monlhly number ofemployees during lh8 year was.. 2025 Numbar 2024 Numb8r 13 Employment costs 2025 2024 Wagas and salari8S Soci81 securily costs Olh8r pension costs 259,811 31,003 23,126 207,779 16,431 16,316 313,940 240,526 There were no emp1oy88s whose annual remunerallon was MO than £80,000. Remuneration of key management personnel The rernuneralion of key tnanagement personnel is as lollows. Taxation The charity is exempt from laxab'on on its activltles because 811 Ils Income Is applied for charitable purposes. 10 Tangible fixed as8ets Frg8hold14nd And bulldlngB Plant and aqulpment Tot81 Cost At 1 January 2025 Addlllons 1.768 88.023 4,061 89,791 4,061 Al 31 December 2025 1,7e8 92,084 93,852 Depreclatlon and Impalrment At 1 January 2025 Deprea'On charged In the year 436 35 68.518 4.583 68,954 4,618 At 31 December 2025 471 73,101 73,572 Carylng amount Al 31 December 2025 1,297 18,983 20,280 Al 31 December 2024 1,332 19,505 20,837 18-
NEW HORIZONS PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 11 Stocks 2025 2024 Finished goods and goods for resale 3,839 3,359 12 D8btorB 2025 2024 Amounts falllng due wlthln one year.. Trade debtors Amounts owed by rejaled undertakings Prepaymonts and accrued incomè 39.743 158,723 4.564 83,706 172.754 2,445 203,030 258,905 13 Loans and overdraft8 2025 2024 Bank loans 1.667 700 Payable within one year 1.667 700 14 Creditors: amounts falling due within one year 2025 2024 Notes Bank loans other taxatlon and 8OCi81 securily Trade crediloTS other credltors Accnjals 13 1.667 6,222 700 5,081 571 2,145 7.995 1,441 11,602 20,932 16,492 15 Retlrement b8ngflt s¢hemg8 Dgflngd contrlbutlon schames The Charity operates a defined contribution pension schem8 for all quallfylng employees. The 88sets ol the scheme are held separately from Ihose of the Charity in an independently admini51er8d fund. Th8 charge to profit or loss in respect of defined contributk)n s¢hemes was £23,12612024- £16.3161. 19-
NEW HORIZONS PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 16 Restrlcted funds The r8stri¢tad funds of the charity comprise the unexpended balances ol donations and grants held on trust subject lo spe[IC conditions by donors as lo how Ihey may be used. At 1 January 2025 Incomlng resources Resour¢es expend8d At31 December 2025 Flxed asset fund Nel asset funds 5.000 88.629 15.0001 1350.9931 399,209 136.845 93,629 399,209 1355.9931 136.845 Pr*vlous y¢ar. At 1 January 2024 Incomlng Resources r850urc8S 8XP8nded At31 December 2024 Flxed asset fund Nel Asset funds 5,000 24,498 5,000 87,630 335,597 {272,4651 29,498 336.597 1272.4661 93,629 Fixed 8sset fund The fixed asset fund is made up of gmnls received for the purchase of Ilxed agsets. SS8 The net asset fund consists ol monies recetvable at 31 December 2025 and monle5 held. but not yet spent for r85tricted purposes. The main funders of the net asset fund are Western Health & Social Care Trust. 17 Unrestrlct8d funds The unreslrfcted funds of the charlty comprise the un6xponded balancès ol donatlons 8nd grants whlch are not subject lo specific conditlons by donor5 and grantors 8S to tK)w thoy may be used. These include designated funds which have been sel aside out of unrestricted funds by the trustees lor specific purposas. At 1 January 202S Incomlng resources Resourc8$ expendeLI At31 December 2025 G8neral funds Designal8d funds 148.462 150,000 100,374 1708,4321 140,404 150,000 298,462 100,374 1108,4321 290,404
NEW HORIZONS PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 17 Unre5trlcted funds Icontlnuèdl Prevlous year. At 1 January 2024 Incomlng resources Resources eKp¢nd¢d At31 December 2024 General funds DeSnated funds 262,408 150,000 105,504 1219.4501 148,482 150,000 412,408 105,504 1219,4501 298,462 18 Analy81s of ngt assots betw8on funds Unrestrlcted funds 2025 R8Strlct8d funds 2025 Total 2025 Fund balances at 31 December 2025 are repr858nted by- Tangible ass8ts Current as5elsllli8bilili8sI 20.280 270.124 20,280 406,969 136,845 290,404 136.845 427,249 Unrestrlcted funds 2024 Restrlcted fund$ 2024 Total 2024 Fund balances at 31 DeGembEr 2024 are represented by-. Tangible 88$8ls Current 8ssetsllli8bilitie31 20,837 277,625 20,837 371.254 93.629 298,462 93,629 392,091 19 Rèlated party transactions The company provldes goods and SeiCe8 lo an associated company Donegal Horizons. The board of trustees conlaiThs the same trustees as New Horizons Partnership. The balance due from Donegal Horizons 81 31 December 2025 is £158.723 12024.. £172,754). Donation5 mad6 to Donegal Horizons in the year iolalled £Nil12024.. £88.2391. Ultlmal8 controlllng party The company Is Ilrnlled by guarant8e and has no share c&plt81. There is no ullim8te controlling party. The liability of each member in the event ol winding up 15 limited to £5. .21
NEW HORIZONS PARTNERSHIP LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 21 Cash generated from operatlons 202S 2024 Surpluslldeficill for the year 35.158 149,8151 Adjustments for.. Depreciation and impairrnent of langlble fixed assets 4.618 4.910 Movements In working capital.. Ilncrea5el in Stocks Oecreasellincreasel in debtors Increaselldecreasel in c4editors 12801 55,875 3,473 15371 1161,8611 12,3881 Cash generated fromll8bsorbed by) operatlons 88,844 1209,6911 22 Analysls of changes In net funds At I JAnuary 2025 Cash tlows At 31 Ogcember 2025 Cash at bank and In hand 125,482 95,750 221,232 Loans f8lllng due wlthln one year 17001 19871 11,6671 124,782 94,783 219,565 -22-