Charity reglslration number NIC101469
Company reglstratlon number N1067770 {Northern Ireland)
WATERSIDE NEIGH80URHOOD PARTNERSHIP
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
CONTENTS
Page
Chariiy Information
Trustees, report
Independent auditorfs report
7-10
Statement of financial activities
Balance sheet
13
Statement of cash flows
14
Notes lo the financial statements
15-24

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms G Doherty
Ms L Donnell
Mr D Mcclay
Mrs H McClinto¢k
Ms C McLaughlin
Ms L Watson
(Appointed 31 January 2024)
(Appointed 31 January 2024)
{Appoinled 31 January 2024}
Slrategy Manager
MrsA Wallace
Charity number
NIC101469
Company numb9r
N1067770
Registered offl¢•
Shared Future C8ntre
Cttyview Park
Irish Street
Londonderry
BT47 2DB
Auditor
Moore {Nl} LLP
21-23 Clarendon Street
Derry-Londondeny
BT48 7EP
Bankers
Bank of Ireland
27 Culmore Road
Londondery
BT48 8JB

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year endéd 31 March 2024.
The financial statements have been prepared in accordanc8 With the accounting policies set out in notè 1 to the
financial statements and comply with the charity's Igoveming documenll, the Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}"
{effective 1 January 2019).
Objectives and activities
The overall aim of the organisation is to transform the Waterside Neighbourhood Renewal Area into a safe place.
which people will choose to live in. invest in and visit and as a result the Partnership is also heavily inVo￿ed in
liaising with both the statutory, private sectors and government lo encourage their involvernent in the fulure
development of the area. Across the partnership each of the local community organisations are responsible for "on
the ground" delivery ofthe actions with support and guidance from the Waterside Partnership Board. The Waterside
Strategy Manager co-ordinates all aspects of the implementation process through regular liaison with the respective
managers of each of the local community organisations and is responsible for monitoring and evaluating the
outcomes of each of the actions contained within the Action Plan. delivered both by the local community
organisations and statutory sector partners.
A diverse range of proj8cts has been delivered across the area under the remit of communSty, social, economi¢ and
physical renewal. These projects have b8en dèveloped in such a way Ihat they address the is5ups of disadvantsge
whlle at the sam8 time éncouraging as much direct input from local people as possible.
The Waterslde Aclion Plan is a working document which is regularly reviewed to énsure that all the actions
contained within it are still appropriate and should a new issu6 Ipriorfty be idenlifi8d the Plan will be amènded to
reflect any changes to the situation at local level. The Wat8rside Partnership Board has established 5 subgroups
Waterside Community Development Worklng Group, Waterside Physical Règeneration Working Group, Waterside
Community Safety Forum, Waterside Shared Village and Waterside Health Forum lo assist them in the
identification, development and where appropriate the delivery of prolèclsl ideas which aim to address
Neighbourhood Renewal's four strategic themes of which are focused on community renéwal, social renewal,
economic renewal and physical renewal.
Public benefit
The trustees have paid due regard to guidan￿ issued by the Charity Commission in déciding what activities the
charity should undertake.
Achievements and performance
Significant activilies and achievements againsl objectives
The Community Development Working Group is made up of community representatives from each of the Walerside
Neighbourhood Renewal sub-areas, the North West Regional College, Skills NW, Excite Project Co-ordinator and
the Talking To Our Babies Co-ordinator. The working group oversees the work of Skills NW, the Excite Project.
Strengthening Futures and Talking To Our Babies.
This year the Community Development Working overseen the delivery of the Strengthening Futures Programme.
Christmas Access to Food Programme, Social Supermarket Pop-up Support Project. Baby Bank. Consensual Grant
Making Process and the Peace Plus programme planning.
During the year funding for Skills NW was secured enabling the continuation of training and support services for
residenl who are seeking lo return to work the work place. The project continues to make a significant impact with
over 120 residents Undertaking training.
Also durfng the year Talking To Our Babies continued to deliver a range of programmes onllne and face lo face. 60
parents completed training which included Makaton Level 1, Child Proteclion Training, First Aid and Speech and
Language. 372 parents and 433 children participated in a range of activities includlng Baby Sensory, Coochie Coo,
and Mini Professors with 280 parents reGeiving Supports.

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Excite Project also continued online delivery classes to actively engage with, in particular, their younger users
through the use of creative technologies via a variety of media platforms that developed skills. knowledge and
confidence in young people outside or in addition to the school system. During the year 12f local groups and 8
schools were supported, 90 young people participated in IT programmes. 160 young people participaled in summer
Scheme based programme5 and 12 young people received training.
The Waterside Health Forum is made up of community representatives from each of the Waterside Neighbourhood
Renewal sub-areag, WHSCT, Pink Ladies, NHIP and Older People North Wesl. The group has engaged at a
neighbouthood level to identify health priorities and to develop a health action plan and deliver a range of health
programmes both area-wide and al neighbourhood level.
800 local people participated in a range of programmes including Zumba. March the Month Step Challenge,
Maternal Mental Health event, Motivation May Physical Activity PHA provided us with funding £5000 which we used
to promote the importance of physical activity.
Minding Mum maternal mental health project continued during the year. 200 pregnant murns and mums with babies
UP lo one year participated in range of programmes supporting positive mental health.
It should be not8d that Waterside Neighbourhc()d Partnership Board, members of which are also répresented on the
relevant Subgroups, have all signed up to and abide by a Neighbourhood Renewal Cod8 of Practice and Guiding
Principles.
As detailed above this area suffers from serious levels of deprivation and under-inv8Stmenl and as a cons8quence
requires major inv8s1ment and support to make positlve changes to th6 Waterside Area.
Flnanclal review
Total income for the year was £579,859, of which £579.610 was generated from grant funding of prograrnmes and
lh6 balance represents inter6St received on amounts held in deposit accounts.
Total expenditure by the charity was £584.241, which was incurred undertaking activities that further our Charitable
aims for the benefit of our beneficiaries.
The balance on total funds at the yearaend was £105,451. of which £81,782 were unreslricled, and £23,669 were
restricted.
The comparatives have been restated to reflect restricted grant funding received but not yel spent by the charity at
the reporting dale within reserves. These amounts were previously recognised within crèditors due within one year.
The charity previously reported total reserves at 31 March 2023 of £66,242 and the effect of the restatement has
been to increase the charity's reserves in the amount of £43,591 to revised total reverse5 of £109.833. The SOFA
shows how Ihis adjustment is reflected between restricted and unrestricted reserves.
Reserves policy
It is the policy of the charity Ihal unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to between th￿e and six month's expendilure. The trustees consider thal reseNes
at this level will ensure that. in the event of a significant drop in funding, they will be able lo contin(Je the charity's
current activities while consideration is given to ways in which additional funds may be raised. This level of reserves
has been maintained throughout the year.
The Trustees have examined the charity's requirements for reserves considering the main risks to the organisation
and established a formal policy which stipulates that free reserves be maintained at a level which ensures that the
Charit￿5 core activity could continue during a period of unforeseen difficulty. Free reserves are defined by the
Trustees as unrestricted income funds freely available for use as the charity so determines and thereby excludes
any funds committed, invested in tangible fixed asset5 held by the charity and re8trict8d ar designated funds.

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to between three and six month's expenditure. The Tru51ees consider that reserves
at this level will ensure that, in the event of a significant drop in funding, they will be able lo continue the chariws
current activities while consideration is given to ways in which additional funds may be raised. Based on current
staff costs and fixed overheads, the Trustees, assessment of the target level reserves for 3 months costs is £50,000.
Free reserves of the charity as at 31 st March 2024 are £70.087. therefore the Trustees are pleased to corbfirm that
the charity is compliant with its reserves policy. The Trustees continue to strive to maintain a general level of
reserves in accordance with their policy so Ihat they will be able to continue the current activities of the charity-
Major risks
The Trustees, in conjunction with the senior management team, are aware of the major risks to which the charity 15
exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity face5.
Intemal control risks are minimised through the procedures for authorisalion of all transactions and projects.
pro￿dureS are in place lo ensure compliance with applicable laws and regulations. All procedures are periodically
reviewed to ensure that they continue to meet the needs of the charity.
Structure. governance and management
Goveming Document
Waterside Neighbourhood Partnershlp is a company limited by guarantee and accepted as charftable by Charity
Commission for Nl under reference NIC101469. The company was incorporal8d on 17th January 2008. Th8
Company was 8Stablished under a Memorandum of Ass¢xiation which established the objects and pow8rs of the
company. and is governed by ils Artic18s of Assoclalion. The liability of members is limited in th8t ev8ry member of
the company undertakes lo contribute an amount not exceeding £1 in the event of the company bèing wound up.
The trustees, who ar8 al80 the directors for the purpose of company law, and who served during the year and up to
the date of signature of the financial statem8nts were:
Ms G Doherty
Ms L Donnell
Mr D Mcclay
Mrs H Mcclintock
Ms C McLaughlin
Ms L Watson
{Appoinl8d 31 January 2024)
(Appolnted 31 January 20241
(Appoinled 31 January 20241
Recruitment and appointment of trustees
The present board of directors was approved by the membership at their Annual General Meeting. They meet
bimonthly in the Shared Future Centre and evaluate the operations and finances of the organisation. The Board of
Trustees manages the process of recruitment and appointrnent of Truslees, and may admit lo membership any
person interested in promoting the objects {primary purpose) of the charily. A member may withdraw Irom the
company by giving notice to Ihe Charity.
Waterside Neighbourhood Partnership underlakes an annual skills audit among Trustees in order lo identify any
knowledge andlor skills gaps within its rnembership. These skills are specific to the strategic and operational nature
of the organisalion. The charity will underlake regular Trustee recruitment drives lo achieve balance and with a
view to proactive succession planning.
Organisational structur8
The Board of Trustees has over811 legal responsibility for the charity- The day-to-day operations and decision
making continue to be delegated lo a Senior Management Team, led by Strategy Manager Alison Wallace, who
report directly to the Board. There are robust reporting structures in pla￿ throughout the organisation. The Senior
Management Team is mad8 up as follows..
Alison Wallace - Strategy Manager
Janice Austin - Finance & Admin Co-ordinator

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Induction and training of Irustees
After being fomially appointed. all new trustees are provided with a Trustees. Handbook and undertake an induction
process. This includes an orientation briefing of their legal obligations under charity and company law. the content of
the Memorandum and A￿'¢leS of Association. the committee and decision-making processes of the charity, the
annual budget. the strategic plan and the most current financial infomiation contained within the Annual Report and
Accounts.
Forming part of their induction, new trustees meet with the individual members of the Senior Management Team
and other key employees within the charity to leam more about each project and their roles and responsibilities.
Trustees are encouraged to attend appropriate external training everrts where these will facilitste and further
support the undertaking of the role.
Relationship with related parties
None of the trustoes receive remuneration or other benefit from their work with the charity. Any connection between
a trustee or senior manager of the ¢harity with a conlracled supplier musl be disclosed to the full Board of Trustees
in the same way as any other contractual relationship with a related party. In the current year, no such related party
transactions w8re reported.
Statement of trustees, responslbllities
The trLTStees, who are also the directors of Walerslde Neighbourhood Partnership for th8 purpose of company law.
ar6 responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires th8 trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditu￿, of the charitable company for that year.
In preparing thes6 financial stsl8ments, the trustees ar8 required to:
Select sultable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP.
- make judgements and estimates that are reasonable and prudent..
state whether applicable UK Accounting Standards have been followed, subject lo 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 charity
will Continue in operation.
The trustees are responsib18 for keeping adequat• accounting records that disclose wilh reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Acl 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
asonable steps for the prevention and detection of fraud and other Irregularities.
Auditor
In accordance with the company's articles, a resolutlon proposing that Moore {Nl) LLP be reappointed as auditor of
the Company will b6 put at a General Meeting.

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Disclosure of Inforniation to audltor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the
audit, but of which the auditor is unawa￿. They have further confirmed that they have taken appropriate steps to
identify such relevant information and to establish that the auditor is aware of such information.
The trustees, report was approved by the Board of Trustees.
s G Doherty
Trusteo
Ms C M¢Laughlin
Trustee
31 Marth 2025

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF WATERSIDE NEIGHBOURHOOD PARTNERSHIP
Opinion
We have audited the financial statements of Watetside Neighbourhood Partnership (the 'charity') for the year ended
31 March 2024 which comprSse the statement of financial actlvlties, the balance sh8ét, the statement of cash flows
and notes to the financial stalements, including signlficant accounting policies. The financial reporting framework
that has been applied in their preparation Is applicable18w and Uniled Kingdom Accounting Standards, includlng
Finan¢ial Reporting Standard 102 The Financial Reporting Slandard applicable in the UK and Republlc of Ireland
{United Kingdom Generally Accepted Accounting Praclicel.
In our opinion, the financial statements..
give a true and fair vièw of the state of the tharitable company's affairs as at 31 Mar¢h 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 Uniled Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in aeKordancè with the requirements of the Companies Act 2006.
Ba$is for opinion
We conductéd our audlt in accordance with International Stsndards on Auditing (UK) {ISAs {UK)) and applicable
law. Our responslbilities under those standards are fvrther described in the Auditoffs responsibilities for the audit of
the financlal slatements section of our report. We are independent of the charity in accordance with the elhlcal
requirements that are r81évant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and the provi$ions available for small entities, in the circumstances set out in note 24 to the financial
statements, and we have fvlfilled our other ethical responsibilities in accordance with these requirements. We
beli8Vé that lh6 audit evidence we have obtained Is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees. use of the golng 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 materfal uncertainties relating to events or
conditlons that, individually or colledively, may cast significant doubt on the charity's ability to continue as a going
¢oncem for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilitlés of the trustees with respect to going concern are described in the
relevant sections of this report.
Other Infomiation
The other infomiation comprises the information included In the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other information ¢ontsined within the annual
r8porL Our opinion on the financial statements does not cover th8 other infomalion and, ex￿pt to the extent
othernise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is lo réad the other information 8nd, in doing so, consider whether the other infomiation is materially
inconsistent with the financial statements or our knowledge obtained in the coursé of the audit. or otherwise appears
to b8 materially misstated. If we identify such matèrial inconsisten¢ies or apparent material misststements, we are
required to determine whether Ihis gives rise to a material misstat8ment in thè financial statements th8mselves. If,
based on the work we hav8 perfomed, we conclude that there is a material misstatement of this other infomation,
we are required to report that fact.
We have nothing to report in this regard.

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WATERSIDE NEIGHBOURHOOD PARTNERSHIP
Opinlons on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the infomialion given in the trustees, report for the financial year for which the financi81 statements are
prepared, which includes the directors, report prepared for the purposes of company law, is consistent with the
financial statements., and
the directors, report included within the Irustees, 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 charity and it5 environment obtained in Ihe course of the
audwt. we have not identified malerial misstatements in the directors. report included within the trustees, Teport.
We have nothing to report in respect of the following matters in relation to which thè Companies Act 2006 requires
us to report to you if. in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit hav8 not been reoived
from branches not visited by us,. or
the financial stat8m8nts are not in agreement with the accounting records and returns., or
certain disclosures of trustees, remun8ration specified by law are not made., or
We have nol reGeived all the information and explanations we require for our audit,. or
the trustees were not enlitled to prepare the financial statements in accordanc8 Wlth the small companies
regime and lake advantage of the small companies. exemptions in preparing thé Iruslees, report and from the
requirement to prepare a strategic report.
Responsibllltles of trustees
As explained more fully in th8 slalem8nt of trustees, responsibilities, the Irustèes, who are also the directors of the
charlty for the purpos@ of company law, are re5ponsibl8 for th@ preparation of th8 financial statements and for being
satisfied that they give a true and fair view, and for such Internal control as th8 trustees determine is ne￿$Sary to
enable the preparation of financial ststem8nts that are free from material misstatement, whether due to fraud or
error. In preparing the financial statements, the trustees are responsible for assessing the charity's ablllty to
continue as a going concern, disclosing, as applicable, matters ￿lated to going concern and using the going
concem basis of ac¢ounting unless the truslees either intend to liquidate the charitable company or lo cease
operations, or have no realistic altemative but to do so.
Auditor's responsibilitie5 for the audit of the financlal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are Iree from
material misslatement, whether due to fraud or error, and lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered malerial if, individually or in the aggregate, they could reasonably be expected lo influence
the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WATERSIDE NEIGHBOURHOOD PARTNERSHIP
Extent to whi¢h the audlt was considered capable of detecllng irregularities, including fraud
The objectives of our audit in respect of fraud, are- to identify and assess the risks of material misslalement of Ihe
financlal stalements due to fraud., to obtain sufficient appropriate audit evidence regarding the assessed risks of
material misstatement due to fraud, through designing and implementing appropriate responses to those asséssed
risks; and to respond approprialaly lo Instances of fraud or suspected fraud identified during the audit. However. the
primary responsibility for Ihe prevention and detèction of fraud rests with both management and those ¢harged with
govemance of the charitable company.
Based on our understanding of the charitable company and its operating 8nvironment, we determined that the most
significant frameworks which have a direct impact on the preparation of the financial ststem6nls are those related to
the reporting framework, (FRS 102, th8 Charilies Act (Northern Ireland) 2008, The Charities (Accounts and Reports)
Regulations {Northern Ireland) 2015, Ihe Charity SORP and the Companies Act 20061. Additionalty, we concluded
that there are signific8nt laws and regulations in r8lation to the company's charitable status and activities of which
nonacompliance may have a material effect on the financial statemenls.
We assessed the susceptibility of the charitable company's finan¢ial statements to material misstat8ment. including
how fraud might occur, including evaluating managem8nfs incentives and opportunilies to manage earnings or
influence the reported results. From the results of our assessment, we determined that th8 principal risks of fraud
relate to posting inappropriate journal entries and use of charity funds for purposes outside of restrictions imposed
by the donor. In common with all audits under ISAS {UK}, we are required to perform speclfi¢ procedures to respond
to the risk of management override.
Audlt response to risks Identified
As part of an audit in a¢¢ordance with ISAS (UK) we exercise professional judg8mant and maintain professional
scepticism throughout the audit. Audit procedures performèd by the engagement team included..
We obtained an understanding of the charitable companls internal control systems in order to design audit
pro¢edures that are appropriate in the circumstan¢es, but not for the purposes of exprassing an opinion on
the effectivenèss of the charitable company's internal control.
We obtained an understanding of how the Charitable company complies with r8levant laws and regulations,
including those as a result of its registration with the Charity Commission for Northern Ireland and
charitable status with HM Revenue & Customs . by making enquiries of management and those charged
with governance.
Enquiry of management, those charged with govemance and the entity's solicitors around actual and
potential litigation and claims.
Enquiry of entity staff to identify any instances of non-compliance with18ws and regulations.
Performing analytical procadures to identify any unusual or unexpect8d relationships Ihgt may indicate
risks of material misstatement due to fraud
Reviewing minutés of meetings of those charged with governance
Reviewing financial statement disclosures and testing to supporting documentation lo assess compliance
with applicable laws and regulations.
We test the completeness of income lo address th8 risk of fraud in relation to rev6nue recognition
Auditlng the risk of manag6menl overrid8 of controls. including through testing journal entries and other
adjustments for approprlateness, and 8valuating the business rationale of significant transactions that are
unusual or outside the normal course of buslness.
Auditing the rlsk of usè of charity funds outside of restrictions imposed by the donor by revi8w of funding
letters of offer to identify restrictSons, and revi8w of funding claims prépared by management to check
compllance with restrictions.
We communicated relevant laws and regulations and potential fraud risks lo all engagement team members. and
remained alert lo any Indications of fraud or non-compliance with laws and regulations throughout the audit. There
are inherent limitations in the audit procedures describ8d above and the further removed non-compliance with laws
and regulatlons is from th8 events and transactions reflected in the financial statements, the less likely we would
become aware of it. Also, the risk of not detecting a material misstatsment due to fraud is higher than the risk of not
detecting one r8sulting from error, as fraud may involve d81iberate concealrnenl through ¢ollusion, forg8ry,
intentional omissions, misrepresentations or the override of internal control.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https-11
ww.frc.org.uklaudilorsresponsibilities. This description foms part of our auditor's report.

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WATERSIDE NEIGHBOURHOOD PARTNERSHIP
Use of our report
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 W8 might state lo the charitable company's
members those matters we are requir8d lo state to them in an auditorfs report and for no oth8r purpose. To the
full8St 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.
John Bradley (Senior Statutory Auditor)
for and on behalf of Moore INI) LLP
31 March 2025
Charterod Accountants
Slatutory Auditor
21-23 Clarendon Street
Derry-Londonderry
BT48 7EP
10-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Current financial year
as restated
Total
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
2023
Notes
Income from:
Charitable actlvities
Investments
579,610
579,610
249
497,928
249
Total incoma
249
579,610
579,859
497,932
Expenditure on:
Charitable activities
4,797
579,444
584,241
481,861
Total expondituro
4,797
579,444
584,241
481.861
Net Incomel{expendlture)
{4.548)
166
(4,3821
16,071
Transfers be￿aen funds
17
20.088
{20,088)
Net movement In funds
15,540
(19.922)
{4,3821
16,071
Re¢onciliation of funds:
Fund balances at 1 April 2023
As orrginally reported
Prior year adjustrnent
As re5tsted
50,364
15.878
66.242
15,878
27.713
43,591
66,242
43,591
109,833
23
66.067
27,695
93.762
Fund balances at 31 March 2024
81.782
23,669
105.451
109.833
The stal8ment of financial activili@s includes all gains and losses recc*3nised in the year. All incom8 and expenditure
deriv8 from continuing activitl8S.
11

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
STATEMENT OF FINANCIALACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Prior financial year- as restated
Unrestrlcted
funds
2023
Restricted
funds
2023
Total
2023
Notes
In¢ome from:
Charitabl8 activities
Investments
497.928
497,928
Total income
497,928
497.932
Expendlture on:
Charitable activities
18,448
463,413
481,861
Total expondituro
18,448
463,413
481,861
Net Incomel(8xpendlture}
{18,444}
34,515
16,071
Transfers be￿een funds
17
18,619
{18,6191
Net movement In funds
175
15,896
16,071
Reconciliatlon of funds:
Fund balances at 1 April 2022
As odginally reported
Prlor year adjustmént
As restated
44, 143
21,924
66,067
21,924
5,771
27,695
66,067
27,695
93,762
23
Fund balances at 31 March 2023
66,242
43,591
109,833
12-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
as restated
Notes
Flxed assots
Tangible assets
11
11,695
11,891
Current assets
Debtors
Cash al bank and in hand
12
53.792
48.390
64,595
40,200
Credltors: amounts falling due within
one year
102,182
104,795
13
{8,426)
16,8531
Net Current assets
93.756
97,942
Total assets less current liabilities
105,451
109,833
Tho funds of the charity
Restrlcted income funds
Unreslricted funds
q4
15
23,669
81,782
43,591
66,242
105A51
109,833
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the trustees on 31 March 2025
s G Doherty
Trustoo
s C McLaughlin
Trustee
Company registration number N1067770 (Northern Ireland)
13-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from op8rating activities
Cash generatèd from operations
21
9,890
2,254
Invèsllng activitlos
Purchase of tangible ffxed assets
Investment Income received
{1,9491
249
(2,703)
Net cash used in investlng actfvities
(1.700)
{2,699)
Net cash used in financing activltles
Net increaselldecreasel in cash and Cash
equlvalents
8,190
(4451
Cash and cash equivalents at beginning of year
40,200
40.645
Cash and cash equivalonts at end of y8ar
48,390
40.200
14-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policles
Charity infomiation
Waterside Neighbourhood Partnership is a private company limited by guarantee incorporated in Northern
Ireland. The registered office is Shared Future Centre. Cityview Park. Irish Street, Londondery, BT47 2DB.
1.1 Accounting convention
The financial staternents have been prepared in accordance with the charity's Igoverning documenti, the
Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland. ('FRS 102°} and the Charities SORP "Accounting and Reporting by Charities= Statement of
Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effectiV8 1 January 2019). The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the fvnctional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost conventlon. The principal accounting
policies adopted are set out b810w.
1.2 Going concèrn
At the time of approving the financial statements, thè trustees have a reasonable expectstion Ihal the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concem basis of accounting in preparing ihe financial ststements.
1.3 Charitable funds
Unrestricted funds are availabl8 for use at the discretion of th8 trustees in fijrtherance of their charitable
objectives.
Restricled funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subjecl to specific conditions by donors that the capital must be maintained by the
chaiity.
1.4 Income
Income is recognised when th8 charity is legally entitled to it after any performance conditions have been met,
the amounls can be m8asured reliably. and It is probable that income will be received.
Cash donations are reccgnised on receipt. Other donations are recognised once the charity has been notifi8d
of the donation, unless performance conditions require deferral of the amounl. Income tsx recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the timé of the donation.
Le9acies are rewgnised on receipt or othemise rf the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amounl is not known. the legacy is tréaled as a
ontingent asset.
15-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policles
(Contlnued
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in sethement. and the amount of
the obligation can be measured reliably.
Expenditure 15 classified by activity. The costs of each activity are made up of Ihe total of direct costs and
shared cnsts, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared cy)sts which contribute to more than one activity and
support costs which are not attributable to a single adivity are ap￿rtioned between those activities on a basis
consistent with the use of resources. Central staff costs are allocated on Ihe basis of time spent. and
depreciation charges are alloc8ted on the wrtion of the asset's Use.
1.6 Tangib￿ fixed assets
Tangible fixed assets are initially measured al 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 th8ir
useful lives on the following bases:
Fixtures and fittings
10 /& Straight line
Th& gain or loss arising on the disposal of an asset is determined as the difference belween the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial aclivrties.
1.7 Impairment of fixed assots
At each reporting end date, the charity reviews the carrying amounts of ils tangible ass8ts to determine
whether there is any indication that those assets hav8 suffered an impairment loss. If any such indication
exists. the recoverab￿ amount of the asset is estimated in order to determine the extent of the impairment
loss lif any).
1.8 Cash and cash equivalents
Cash and cash equivalenls include cash in hand. deposits held at call with banks. other short-term liquid
investments with original malurilies of three months or less, and bank ovèrdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the chartty becomes party to the
contractual provisions of the instrument.
Financial assets and liabilwtie5 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.
Basic flnancial assels
Baslc financial assets. which include debtors and cash and bank balances. are initialty measured at
transaction price including transaction costs and are subsequently carried at amortised C¢)St using the effective
interest method unless the arrang8m8nl constitutes a financing transactlon, where the transaction is
measured at the p￿sent value of the future receipts discounted al a market rate of interest. Financial assets
classified as receivable within one year are not amortlS8d.
16-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng poll¢les
{Contlnued)
Basic financial liabilitigs
Basic financial liabilities. including creditors and bank loans 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 cost. 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
operations from suppliers. Amounts payable are classrfied 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 subsequentiy measured at amortise(I cost using the effectiv8 int8rest method.
Derecognition of financlal Ilabilltlos
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee beneflts
The cost of any unused holiday entitlement is recognised in the perlod in which the employeé's services are
received.
Termination bènefits are recognised immediately as an expense when the charlty is demonstrably committ8d
to temiinate the employment of an employee or to provide termination benefits.
Crltlcal accountlng estlmalès and Judgements
In Ihe application of the charity's accounting policies. the trustees are required lo make judgements. estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent trom 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
estimates are recognised in the period in which the estimato is revised where the revision affects only that
pericd. or in the period of the revision and future periods where the revision affects tK)th current and ftJture
periods.
Income from charitable aetlvitios
Restrlcted
funds
2024
Restrlcted
funds
2023
Charllable activltleg
Grant funding
579,610
497,928
Detailed analysis of grant funding received is provided at note 14.
17-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from investments
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Interest receivable
249
Expenditure on charitable activities
Charltable
actlvltlès
2024
Charitable
activltlas
2023
Direct costs
Staff costs
Depreciation and impairment
Workshop & Programme costs
Rent & utility costs
Office costs
Property maintenance costs
Travel expenses
General direct charitable costs
241,439
2,145
308,527
19,429
866
370
747
259
182.921
3,048
266,394
19,621
1.835
170
438
573.782
474.427
Share of support and governance costs (see noto 61
Support
10,459
7,434
584,241
481,861
Analysis by fund
Unrestricted funds
Restricted funds
4,797
579.444
18.448
463,413
584.241
481,861
18-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to actlvities
Charitable
activitlos
2024
Total
2023
Insurance
Bank charges
General support costs
Govemance
2.643
156
1,840
5,820
2,358
152
3.304
1.620
10,459
7,434
Govornance costs compwise:
2024
2023
Audit fees
Accountancy
4.200
1.620
1,620
5,820
1,620
Net movement In funds
2024
2023
The net movement in funds is stated after chargingl(crediting)'.
Fees payable for the audit ofthe charity's financlal ststements
Fees payable for the Independent 8xamination of the charity's financial
statements
Depreciation of owned tangible fixed assets
4.200
1,620
3,048
2,145
Trustees
None of the trustees (or any persons connected with thern) received any remuneration or benefits from the
charity during the year.
Employees
The averag8 monthly number of employees during th8 year was..
2024
Number
2023
Number
Administration
10
10
19-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees
Iconlinued)
Employment Costs
2024
2023
Wages and salaries
241,439
182,921
Ther8 were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
2024
2023
Aggregate compensation
63,478
64,088
10 Taxation
The charity is exempl from taxation on its activities because all its income is applied for charitable purposes.
11 Tangible fixed assets
Flxtur•s and
Ilttlng$
Cost
At 1 April 2023
Additions
36.192
1,949
Al 31 March 2024
38,141
Depreciation and impalrment
At 1 April 2023
Depr8C18tion charged in the year
24,301
2,145
At 31 March 2024
26,446
Carrying amount
At 31 Mar¢h 2024
11,695
At 31 March 2023
11.891
-20-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Debtors
Amounts falling due within one year:
2024
2023
Grants receivable
Other debtors
53,792
62,397
2,198
53,792
64,595
13 Creditors: amounts falling due within one year
2024
2023
Accruals
8,426
6,853
14 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject lo specific conditions by donors as to how they may be used.
At 1 April
2023
Incoming
resources
Resources
expondad
Transfèrs At 31 March
2024
Department for Communities-
Strengthening Futures
Department for Communiti@s
Big Lottery- Minding Mum
Succ8ss NW
Derry City & Strabane District
Council
WHSCT_ NHIP
Dept for Comrnunities - Talking
To Our Babies
Department for Foreign Affairs
Arts Council Northern Ireland
Derry Healthy Cities
Extended Schools
Sknlls 20120
Other restrlcted funds
134,794
97,564
93,594
100,178
1,790
18,443
(121,998)
(97,490)
(97,622)
(100,178)
(12,796)
1,864
14.415
61,882
29.327
{57,118)
(26.8911
{4,764}
2,436
22,029
18.471
4,190
{22,029)
(17.486}
(4,126)
(1,231)
(4,0571
{7,530)
(21,688)
985
3,969
3,905
1.231
4,057
9.858
21.191
697
(2.328)
(200)
43,591
579,610
(579,444)
(20,088)
23,669
-21

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Restricted funds
{Continued)
Previous year:
At 1 April
2022
Incoming
resources
Resources
expended
Transfers At 31 March
2023
Department for Communities -
Strengthening Futures
Department for Communities
Big Lottery- Minding Mum
Skills 20120
Derry City & Strabane District
Council
WHSCT- NHIP
Department for Foreign Affairs
Department for Communities-
Talking to Our Babies
Extended Schools
Arts Council Northern Ireland
Derry Healthy Cities
CLEAR small grants
Other restricted reserves
140.054
98.884
89,177
43,162
(127,348)
{97.094)
(84,532)
{39,741)
{12,706}
13,798
1.790
18.443
{3,421 }
36,534
26,791
18.471
(34,042)
(26,885)
94
{2.492)
18,471
7.000
11,219
18,703
4.190
5,189
913
4,642
{18.2191
(18,703)
4,190
{5,189)
{913)
110,748)
6,803
697
27,695
497,928
(463.413>
{18,619)
43.591
15 Unrestrieted funds
The unrestricted funds of the charity comprtse the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated fund5 which have been set aside out of unrestricted funds by the Irustees for specific purposes.
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
General funds
66,242
249
(4,797)
20.088
81.782
Provious year:
At 1 April
2022
Incomlng Resources
resources
expended
Transfers At 31 March
2023
General funds
66,067
(18,448}
18.619
66,242
-22-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
CUr￿nt assetsl(liabilities}
11,695
70,087
11.695
93,756
23.669
81,782
23,669
105,451
Unrestrlcted
funds
2023
Restrlcted
funds
2023
Totsl
2023
At 31 Mareh 2023".
Tangible assets
Current assetsl(liabilities}
11,891
54,351
11,891
97,942
43,591
66,242
43,591
109,833
17 Transfors between funds
There has been nel transfers between funds of £20.088 (2023.. £18.6191 from restricted funds lo unrestricted
general funds which represents general core funding allowed by funder5 which is being released to general
fijnds.
18 Financial commitments, guarantees and Contingent liabilities
Certain grants received and r8ceivable may become repayable to the fund8r if the charity is no longer able to
m8et the conditions und8r which they were awarded. Duè to the natur8 of these ¢onting6ncies, il may not be
posslble lo quantify the potential financial effect or glve an indication of the timing as to th8 liabilities that may
a￿Se.
19 Events after the reportlng date
There have been no significant events affecting the charitable company since the reporting date.
20 Related party transactlons
There were no disGlosable related party transactions during the year (2023 - none).
23-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Cash gonerated from operations
2024
2023
{Deficitysurpus for th8 year
(4.382}
16,071
Adjustments for:
Investment income recognised in ststement of financial activities
Depreciation and impairment of tangible fixed assels
(249)
2,145
(4}
3.048
Movements in working capital..
Decrease/(increase} in debtors
Increase in creditors
(Decrease) In deferred inGome
10,803
1.573
{14,233)
5,233
(7.861)
Cash generated from operations
9.890
2.254
22 Analysis of changes In not funds
The Charity had no material debl during the yèar.
23 Prior year adjustment
The comparatives have been restated to reflect reslTicled grant funding received bul not yet spent by the
charity at the reportin9 date within reserves. These amounts were previously recognised within creditors due
within one year. The charity previously reported total reserves al 31 March 2023 of £66.242 and the effect of
the restatement has been lo increase the charity's reserves in the amount of £43,591 to revised total reverses
of £109,833. The SOFA shows how this adjustment is reflected between reslricled and unrestrict8d reserves.
24 Non-audlt services provided by auditor
In common wllh many businesses of our size and nature we use our auditor to assist wlth the pr&paration of
the financial statem8nts.
-24-