Charity regislration numbar NIC101469 (Northern Ireland)
Company registration numbor N1067770
WATERSIDE NEIGHBOURHOOD PARTNERSHIP
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
CONTENTS
Pago
Legal and administrative information
Trustees, report
Independent auditorfs report
ststement of financial activities
9-10
Balance sheet
11
Statement of cash flows
12
Notes to the financial statements
13-24

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
LEGALAND ADMINISTRATIVE INFORMATION
TNstees
Ms G Dohety
Ms L Donnell
Mr D Mcclay
Mrs H Mcclintock
Ms C McLaughlin
Ms L Watson
Strategy Manager
Mrs Awallace
Charity number (Northem Ireland)
NIC101469
Company number
N1067770
Reglstered oiTi¢e
Shared Future Centre
Cityview Park
Irlsh Street
Londond6rry
BT47 2DB
Auditor
Moore {NII LLP
21-23 Clarendon Street
Derry-Londondery
BT48 7EP
Bankers
Bank of Ireland
27 Culmore Road
DerrylLondonderry
BT48 8JB

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Iruslees present their annual report and financial statements for the year 8nded 31 March 2025.
The financial statements have beèn prepared In accordance with the accounting policies set out in note 1 to the
rinancial ststements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting
and ReF)orting by Charilies.- Stalement of Recommended Practice applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Standard appli12ble in the UK and Republic of Ireland IFRS 102)".
Objectives and activities
The overall aim of the organisation is to transfomi the Waterside Neighbourhood Renewal Area into a safe place.
which people will choose lo live in. invest in and visit and as a result lh8 Partnership is also heavily involved in
liaising with both the statutory, private sectors and govemmenl lo encourage their involvement in the future
development of the area. Across the partnership each of the Ioc81 community organisations are responsible for "on
the ground" delivery of the 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
oulcornes of each of th8 actions contained wilhin the Action Plan. delivered both by the local community
organisations and statutory S8clor partners.
A diverse range of projeGls has been deliv8red across th8 area under the remit of community, social. economi¢ and
physical renewal. Th8S8 projècts have been developed In such a way that they address the issues of disadvantage
whi18 at the same time encouraging as much direct input from local people as possible.
The Waterstde Action P18n is 8 working document which is regularfy reviewed lo @nsure that all the acllons
contained within it are still appropriate and should a new issue Iprlorlly be identified the Plan will be amended lo
r8flecl any changes to the situation at local level. The Waterside Partnership Board has established 4 subgroups
Waterside Community Development Working Group, Waterside Physical Regeneration Working Group, Waterside
Community Safety Forum and Waterside Heallh Forum to assist them in the identification, development and where
appropriate Ihe delivery of proj8ctsI ideas which aim to address Neighborhood Renewal's four strategic themes of
which are focused on community renewal. social renewal, economic renewal and physical renewal.
Public benefit
The trustees hava paid due regard to guldance Issued by the Charity Commisslon In deciding what activities the
charity should undertake.
Achievements and performance
Signffjcant activities and achievements agalnst objectives
The Community Development Working Group is made up of community representalivgs from each of the Waterside
Neighl)orhood Renewal sub-areas, the North Wesl Regional College, Success NW, Excite Project Co-ordinator and
the Talking To Our Babies Co-ordinator. The working group oversees the work of Success NW, the Excite Project,
Strengthening Futures and Talking To Our Babies.
This year the Comrnunity Development Working overseen the delivery of the Strenglhening Futures Programme.
Christmas Access lo Food Programme, Baby Bank, Consensual Grant Making Process and the delivery of two
Peace Plus funded projects Walerside Together and Out and About.
During the year funding for Success NW was secured enabling the continuation of training and support services for
resident who are seeking to return to work the work place. The project continLJes lo make a significant impact with
over 140 residents undertaking training.
Also during the year Talking To Our Babies continued to deliver a range of programs online and face to face. 120
parents completed tralning which included Makaton Level 1, Child Protection Training. First Aid and Speech and
Language. 381 parents and 400 children participated in a range of activities including Baby Sensory, Coochie Coo,
and Mini Professors with 272 parents r8c8iving supports.

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Excite Proj8Gt also conlinu8d onlin8 delivèry classes to actively engage wlth, In particular, their younger users
through the use of creative t8chnologies vla a variety of media platforms that developed skills, knowledg8 and
confidence In young people outside or in addition to the school syst8m. During the year 15 local groups and 10
schools were supported and 84 young p8ople participated in IT programmes.
The Waterside Health Forum is made up of community representatlV8s from each of the Waterside Neighbourhood
Renewal sub-ar88s, WHSCT, The Hive, NHIP and Older People North West. The group has engaged at a
neighbourhood 18vel to identify health priorltles and lo develop a health action plan and deliver a range of health
programmes both area-wide and at neighbourhood level.
825 local people participated in a range of programmes including Zumba, March the Month Slep 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.
MiThling Mum malernal mental health project Continued during Ihe year. 220 pregnant mums and mums with babies
up to one year participated in range of programmps supporting positive mental health.
It should be noted that Watérside Neighbcurhood Partnership Board, members of which are also represented on the
relevant Subgroups, have all slgned up to and abide by a Neighbourhood Renewal Code of Pr8ctsc8 and Guiding
Principles.
As detailed above this area suffers from serious levels of deprivation and under-investment and as a consequence
requires major investrnent and support lo make positive changes to the Walerside Area.
Financlal review
Totsl income for the year was £747,417, of which £747,149 was generated from grant funding of prTr3rammes and
the balance represents int8rest recelved on amounts held in deposit accounts.
Total expenditure by the charity Was £724,017. which was incurred undertaking actlvltles that further our charitable
aims for the benefit of our ben8ficiari8S.
The balance on total funds at the year-end was £128,851, of which £73,534 were unrestrict8d, and £55.317 were
reslrlcted.
Res&￿e$ policy
It is the policy of th8 charity that unrestricted funds which have not been designat8d for a specrfic use should be
maintained al a level equivalenl to between three and six month's expenditure. The trustees consider that rèserves
at this level will ensure that, in the 8vent of a signrficanl drop in funding, they wlll be able lo continue the charity's
current activities whi18 consideration is given to ways in which addilional funds may be raised. This level of rese￿eS
has been maintained throughout the year.
The Twstees have examined the charity's requiremenls for reserves considerlng the main risks lo the organisation
and established a formal policy which stipulates that free rese￿e$ be maintained at a level which ensures that th8
charity's core activity could continue during a period of unforeseen difficulty. Free resèrvès are defined by the
Trustees as unrestricted income funds freely available for use as th8 charity so determines and thereby ex¢ludes
any funds committed, invested in tangibl8 fixed assets held by the charity and reslriGted or designated funds.
11 is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
malntained at a level equivalent to between Ihree and six month's 8xpèndilure. The Trustees conslder that reserves
at this level will ensure that, in the 8V8nt of a significant drop in funding, they will be able to continue the charity's
current activities while consideration is given to ways in which additional funds may be raised. Based on curr8nt
staff costs and flxed overheads, the Trustees, assessment of the tsrget level reserves for 3 months costs is £50,000.
Free resetves of the charity as al 31st March 2025 arè £61,308 Inole 16>, therefore the Trustees are pleased to
confimi that the charity is compliant with its ￿serveS policy. The Trustees ¢ontinue to strive to maintain a general
level of reserves in accordance with their policy so that they will be abre to continue the CLJrrent activities of the
charity.

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Major risks
The Trustees, in conjun¢tion with the senior management team, are aware of the major risks to which the charity is
exposed. Where appropriate, systems or proc8dures have been estsblished to mitigate the risks the charity facès.
Internal control risks are minimised through the procedures for authorisation of all transactions and projects.
Procedures are in plac8 to ensure compliance with applicable laws and r8gulations. All procedures are periodically
revlewed to ensure Ihat they continue to meet the ne6ds of the charity.
Structure. governance and management
Goveming Document
Waterside Neighbourhood Partnership is a company limited by guarantee and ac¢epted as charitab18 by Charity
Commission for Nl under refe￿nce NIC101469. The company was incorporated on 17th January 2008. The
company was established under 8 Memorandum of Association which establlshed the objects and powers of the
company, and is governed by ils Articles ofAssocialion. The liabilty of members is limiled in Ih8t every member of
the company undertakes to contribute an amount not exceeding £1 in the event of the company being wound up.
The trustees, who are also the directors for the purwse of company law, and who served during the year and up io
the date of signature of th8 financial statements wore-
Ms G Doherty
Ms L Donnell
Mr D Mcclay
Mrs H Mcclintock
Ms C McLaughlln
Ms L Watson
R8cruitment and appointmont of truslees
The present board of directors was approved by the membership at their Annual General Meetlng. They meet
bimonthly in the Shared Future Centre and 8valuate the operations and finances of the organisalion. The Board of
Trustees manages the proc8ss of recruitment and appolntment of Trustees, and may admit to rnembership any
person interested in promoting the objects (primary purposel of the charity. A member may withdraw from the
company by giving notlce to the Charity.
Waterside Neighbourhood P8rtner8hip und8rtak8s an annual skills audlt among Trustees in order to identify any
knowledge andlor skills gaps within ils membershlp. These skills are speciflc lo the strategic and operational nature
of the organisation. Th8 charity will undertake regular Trustee recruitment driv8S to achieve balance and with a
view to proactlve succession planning.
Organis8tional stnicturg
Th8 Board of Trustees has overall legal responsibility for the charity. Th8 day-to-day operations and decision
maklng contlnue lo be delegated to a Senior Management T8am, led by Strategy Manager Allson Wallace, who
report directly to the Board. There ar8 robust reporting structures in place throughout the organi5alion. The Senior
Management Team is mad8 up as follows..
Alison Wallace - Strategy Manager
JaniceAustin- Finan¢e &Admin Cowordinator
Induction end training of tnjstees
After being formally appointed, all new trustees are provid8d with a Tnjslees. Handbook and undertake an induction
process. This includes an orientation brièfing of their legal obligalions under charity and company18W, the content of
the M8morandum and Articles of Association. the committee and decision-making proc@SS8s of the charity, the
annual budget, the strategic plan and the most current financial information contained within the Annual Rei)ort and
A¢¢ounts.
Fomiing part of their induction, new trustees meet wilh the individual members of the Senior Management Team
and other key employees within the charity to learn more about each projèct and their roles and responslbillties.
Trustees are encouraged to attend appropriate extemal training events where these will facilitate and further
support the undertaking of th8 rol8.

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Relationship with relatedparties
None of the trust8es receiva remuner81ion or other benefit from their work with the charity. Any connection between
a trustee or senior manager of the ¢harily with a contracted supplier must be disclos8d to the full Board of Trustees
in the same way as any other contradual relationship with a related party. In th8 curr8nt year, no such r8lated party
transactions were r8POrt8d.
Statement of trustees. responsibilities
The truste&s, who are also thé dire¢tors of Waterside Neighbourhood Partnership for the purpose of company law,
are responsible for pr8paring the Trustees, Report and the financial slatemenls in accordance with applicable law
and United Kingdom Accounting Standards {United Kingdom Generally Accepled Accounting Practicé).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the stale of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditure, of the Charitsble company for that year.
In preparlng these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistenlly;
- observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent..
stste whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial ststements- and
prepare the financial ststemenls on th8 going concern basis unless it is inappropriale to presume that the charity
will continue in operation.
The Irustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the ¢harity and hence for taking
reasonable steps for the preventlon and detection of fraud and other irregularities.
Auditor
In accordanc8 with th& company's articles, a resolution proposing that Moore {NII LLP be reappolnled as audltor of
the company will be put at a General me@ting.
Disclosure of infomiation to auditor
Each of th8 Irustaes has confirmed that there is no information ol whlch they are aware whlch Is relevant to the
audiL but of which the auditor Is unaware. They have further confirmed that they have taken appropriate steps to
identify such relevant information and to establish that the audrtor is aware of such infomiation.
The trustees, report was approved by the Board of Trustees.
Ms G Doherty
Trustee
Ms C McLaughlin
Trustee
30 January 2026

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF WATERSIDE NEIGHBOURHOOD PARTNERSHIP
Opinion
We have audited the financial statements of Waterside Neighbourhood Partnership (the 'charity'} for the year ended
31 March 2025 which comprise the statement of financial activities, the balance sheet. the slalement of cash flows
and notes lo the financial statements, including significant accounting policies. The financial reporting framework
thal has been applied in their preparation is applicable law and United Kingdorn Accounting Standards. including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in (he UK and Republic of ireland
(United Kingdom Generally Accepted Accounting Practice}.
In our opinion. the financial statements-
give a true and fair view of the slate of the charitable CoMpan￿S affairs as at 31 March 2025 and of its
incoming resources and application of resources, including its income and expendilure. for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with International Stsndards on Auditing IUKI IISAS IUKI) and applicable
law. Our responsibilities under thos8 standards ar8 further described in the Auditor's responsibilitl8s for the audit of
the financial stat8in8nts section of our report. We are independent of the charity in accordance with th6 ethical
requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical
standard, and we have fulfilled our other ethical r&sponsibilities in a¢¢ordancg Wlth these requirgments. Wg believe
that the audit evidence we have oblained is sufficient and appropriate to provid8 a basis for our opinion.
Conclusions relatlng to golng concern
In auditing the financial statements, we have conduded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not Identified any material uncertainties relating to events or
conditions that, indlvldually or collectively. may cast significant doubt on the charity's ability lo continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibililies and the réspon5ibilities of the trustees with respect to going concern are described in the
relevant seclions of this report.
Other infomiation
The other information comprises the information included in the annual report other than the financial statements
and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thèreon. Our
responsibility is to read the other information and, in doing so, consider whether the oth8r information is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audil, or otherwise appears
to be materially misslaled. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether this gives rise to a material misstatement in the financial statements themselves. If,
based on the work we have performed. we conclude that there is a material misstatement of this other information,
we are required to report that fact.
We have nothing to report in this regard.
Opinions on othor matters prescribed by tho Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit..
the Infomiation given in the trustees, report for the financial year for which the financial statements are
prepared, which includes the dire¢tors' report prepared for Ihe purposes of company law, is consistent with the
financial slatemenls; and
the directors, report included wlthln the trustees, report has been p￿pared in accordance with applicable legal
requlrements.

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WATERSIDE NEIGHBOURHOOD PARTNERSHIP
Matters on which we are required lo report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the
audit, we have nol identified material misstatements in the directors. report included within the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting ￿CordS have not been kept. or retums adequate for our audit have not been received
from branches not visited by us,. or
the financial statements are nol in agreement with the accounting record5 and returns- or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not r8C8ived all the inform3tlDn and explanations we require for our audit., or
the trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies. exemptions in preparing the trustees, report and from the
requirement to prepare a 51ralegic report.
Responslbilltles of trustees
As explained more fully in the statement of truslees. r8sponsibilitl8s, the trust8es. who are also th8 directors of the
Gharity for the purpose of company law, are responsible for the preparation of the financial statements and for being
salisfied that they giv8 a true and fair view, and for such internal control as the truslees delermine is necessary lo
enable the preparation of financial statements that are free from material misstatement. whelher due to fraud or
error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing. as applicable, matters related to going concern and using the going
concem basis of accounting un18SS the trustees either intend lo liquidat8 lh8 charitable company or to C8as8
operations. or have no realistic alternative but to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objectives are to oblain r8asonab18 assuranc6 about whethér the financial st8lem8nts as a whole are free from
material misstatement, whelher due to fraud or error, and to issue an auditor's report that Includes our opinion.
Reasonable assurance Is a high level of assurance but is not a guarantee that an audit conducted in accordan
with ISAS (UK) will always delect a material misstatement when it exists. Misstatements can arise from fraud or
error 8nd are considered material if, individually or in the aggregate, they could reasonably be expected to influence
th8 economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of d8tècting I￿egular1ties, including fraud, is detailed below.
Extent to which th8 audit was consldered capabla of detoctlng Irrogularlllas. Includlng fraud
The objective5 of our audit in respect of fraud, are- to identity and assess the risks of material misslatement of the
financial statement5 due to fraud,. to obtain sufficient appropriate audit evidence regarding the assess8d risks of
material misstatement due to traud, through designing and implementing appropriate responses to those assessed
risks- and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the
primary responsibility for the prevention and detection of fraud rests with both management and those charged with
govemance of the charitable company.
Based on our understanding of the charitable company and its operating environmenl, we determined that the mosl
significant frameworks which have a direct impact on the preparation of the financial statements are those related to
the reporting fratnework. (FRS 102, the Charities Act (Northern Ireland) 2008, The Charities (Accounts and Reports)
Regulations {Northern Ireland) 2015, the Charity SORP and the Companies Acl 20061. Additionally, we concluded
that there are significant laws and regulations in relation to the company's charitable status and activities of which
non-compliance may have a material effect on the financial ststemenls.
We assessed the susceptibility of the ¢haritable companls financial slalemenls to material misstatement, including
how fraud might occur, including evaluating management's incentives and opportunilies lo manage eamings or
influence the reported results. From the r8suIts of our assessment, w8 d8t8rmin8d that th& 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 wlth all audlts under ISAS (UK). we a￿ required to perform specific procedures to respond
to the risk of management override.

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF WATERSIDE NEIGHBOURHOOD PARTNERSHIP
Audit response to risks Identlfled
As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain professional
s￿pIll￿S￿ throughout the aLJdit. Audit procedures perfomied by the engagement team included..
We obtained an understanding of the charitable companrfs internal control syslems in order to design audit
procedures that are appropriate in the circumstsnces, but not for the purposes of expressing an opinion on
the effectiveness of the charitable company's intemal control.
We obtained an understanding of how the charitable company complies with relevant 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 rnanagement 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 with laws and regulations.
Perfomiing analytical procedures lo identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud
Reviewing minutes of meetings of Ihose charged with governance
Reviewing financial statement disclosures and testlng to supporting do¢umentatlon to assess compllance
with applicable laws and regulations.
We test the completeness of income to address the risk of fraud in relation to revenue rec￿nition
Auditing th8 risk of management override of controls, including through testing journal entries and other
adjustments for approprlateness, and evaluallng the buslness rationale of signlflcanl Iransa¢tlons that are
unusual or outside the nomial course of business.
Auditing th8 risk of use of charity funds outside of restrictions imposed by the donor by review of funding
letters of off8r lo id8ntify r8slrlctions, and raview of funding claims prepared by management to c￿Ck
compliance with restridions.
We communicated relevant laws and regulations and potential fraud risks to 811 eng8gement team members, 8nd
remained alert to any indications of fraud or non-compliance with laws and regulatlons throughout th8 audit. There
arè inher8nt limilations in the audit procedures described above and the further removed non-complian￿ with laws
and regulations is from the av8nts and transactlons reflected In the financial slatemenls, the less Ilkely wè would
become aware of it. Also, the risk of not delecling a malerial misstatement due to fraud is higher than the risk of nol
detecting one resulting from error, as fraud may involve deliberate concealment through collusion, forgery,
intentional omissions, misrepresentations or thè ovèrride of internal control.
A further descriptlon of our responsibilities is available on the Financial Reporting Council's website at: https'.11
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solèly to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable compantys
members those matters we are required to state to them in an auditor's report and for no other purpose. To the
full8St extenl permitted by law, we do not accept or assume responsibility tD anyone other than the charitable
cornpany and the charitable company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
ohn Bradley (Senior Statu
ory Auditor)
For and on behalf of Moore (NII LLP, Statutory Auditor
Chartered Accountants
21-23 Clarendon Street
Derry-Londondery
BT48 7EP

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Current flnan¢ial year
Unrestricted
funds
2025
Restricted
funds
2025
Total
Total
2025
2024
Notes
Income from..
Charitable activities
Investments
747,149
747.149
268
579,610
249
268
Total income
268
747,149
747,417
579,859
Expènditure on:
Charitable adivities
13,919
710.098
724,017
584.241
Total expènditure
13,919
710,098
724,017
584.241
Net In¢omel(•xpenditure)
(13.6511
37,051
23.400
{4,382)
Transfers betsveen funds
18
5,403
{5,403)
Net movement in funds
(8,248)
31.648
23,400
(4.382)
Reconcilialion of funds:
Fund balan¢es at 1 April 2024
81,782
23.669
105,451
109,833
Fund balancos at 31 March 2025
73.534
55,317
128,851
105,451
The statement of financial activities includes all gains and lossès recognised in the year. All income and expenditur8
derive from continuing actlvltlas.

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Prior financial year
Unrestrfcted
funds
2024
Restrl¢ted
funds
2024
Total
2024
Notes
In¢ome from:
Charitable activit18S
Investménts
579.610
579.610
249
249
Total income
249
579,610
579,859
Exponditure on:
Charitable activlties
4,797
579,444
584.241
Total oxponditure
4,797
579,444
584,241
Net Incomel(expenditurel
14,548)
166
(4,382}
Transfers between funds
18
20,088
(20,088>
Net movement in funds
15,540
{19,9221
(4,382)
Reconeilialion of funds..
Fund balances at 1 April 2023
66,242
27,713
109.833
Fund balances at 31 March 2024
81,782
23,669
105.451
10-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
11
12.226
11.695
Current assets
Debtors
Cash at bank and in hand
12
51,808
79,770
53.792
48,390
131,578
102,182
Creditors: amounts falling due within
one year
13
(14,953)
18.426)
Net current assets
116,625
93.756
Totsl assets less current liabilities
128,851
105.451
The funds of the charity
Restricted income funds
Unrestricted funds
15
16
55,317
73,534
23,669
81,782
128,851
105,451
These financial slalements have been prepared in accordance with the provisions applicable lo companies subject
to the small companies regime.
The financial ststements were approved by the trustees on 30 January 2026
Ms G Doherty
Trustee
s C McLaughlin
Trustee
Company r8gistratlon numbér N1067770 (Northern Ireland)
11

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operatlng actlvltles
Cash generated from operations
22
33,002
9,890
Investing activities
Purchase of tangible fixed assets
Investment income received
(1.890}
268
(1.949)
249
Net cash used In Investlng activttles
(1,622)
(1,700}
Net cash generated from financing activities
Net increase in cash and cash equivalents
31.380
8,190
Cash and cash equivalents at beginning of year
48.390
40,200
Cash and cash equivalents at end of year
79.770
48,390
12-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcles
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. Londonderry. BT47 2DB.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the CharIt￿S goveming document. the
Companies Act 2006, FRS 102 The Finan(xal Reporting Standard applicable in the UK and Republic of
Ireland" and the Charities SORP "Accounting and Reporting by Charities: Ststement of Recommended
Practi￿ applicable to charities prepartng their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021" The charity Is a Public Benefit Entity as defined by
FRS 102.
The financial statements are prepared in sterling, which is Ihe functional currency of the ¢harity. Monetary
amounts in these financial statèrnents are rounded to the nearest £.
The financial statements have been prepared under th8 historical cost convention. The principal accounting
policies adopted 8re set out below.
1.2 Golng concern
At the time of approving ihe financial statements, the Iruste8s havé a reasonable expectalion that the charlty
has adequate resources to continu8 in operalional existence for the foreseeable future. Thus the trustees
continue to adopt thè going concern basis of accounting in preparing the financial statements.
1.3 Charllabla funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
obj8Ctives.
Restricted funds are subject to specific conditions by donors or grantors as to how Ihey may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donor5 that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless perfomanc8 conditions require deferral of the amount. Income tax recoverable in
relation to donations r8C8ived under Gift Aid or deeds of ¢ovenant is recognised at the time of the donation.
Legacies are r￿QgnISed on receipl or otherwise if the charity h8s been notified of an Impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
13-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
1.5 Expendlture
Expendiiure is recognised once there is a legal or constructive obligalion to transfer economic benefit to a
third party, it is probable that a Iransfer of economic benefits will be required in settlement. and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a sing
activity are allocated directly to that activity. Shared costs which contribute to more than one activty and
support costs which are not attributable to a single activity are apportioned betsveen those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of
depreciation and any impairmenl losses.
Depreciation is recognis8d so as to writ8 off th8 Cost or valuation of assets18ss their residual values over their
useful lives on the fr)Ilowing bases:
Fixtures and fittings
10 % straight line
The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impalrment of flxed assets
At each reporting end date, the charity reviews the carying amounts of its tangible assets lo determine
wh8th8r there is any indication that Ihose 8ss8ts hav8 suffer8d an impaiment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairm8nt
loss (if any).
1.8 Cash and eash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tenn liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in currenl liabilities.
1.9 Finan¢lal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Inslruments Issues. of FRS 102 to all of its financial instruments.
Finanual instruments are recognised in the charitvs balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Finan(i81 assets and liabiltties are offset. with the net amounts presented in the financial ststements. 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 financial assets
Basic financial assets, which include d8btors and cash and bank balances, are initially measured at
transaction price including transaGtion CA)Sts and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transactlon. where the transactlon is
measured at the present value of thè future r8ceipts dlscounted at a market rate of interest. Financial assets
classified as r8c8ivabl8 Wlthin one year are not amortised.
14-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Continued)
Basic financlal liabilities
Basic financial liabilities. including creditors and bank loans are initially recognised at transaclion pri￿ unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments discounted al a market rate of inlerest. 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 Gourse of
operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of financial liabilities
Financial liabiliti8s are d8recognis8d when th8 charity's contractual obligations expir8 or ar8 discharged or
cancelled.
1.10 Employee benefrts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services ar8
received.
Terrnination benefits are recognised immediately as an expense when the Charity is demonstrably committed
to terminate the employment of an employ86 or to provide termination ben8fits.
1.11 Retirement benefits
Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due.
Critical accounting estimates and Judgements
In the application of the charity's accounting wjlicies, the trustees are required to make judgements. estimates
and assumptions about the carrying amount of assets and liabilities Ihat are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period. or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from charitable actlvltles
Restricted
funds
2025
Restrlcted
funds
2024
Charltsble acllvltles
Grant funding
747,149
579,610
Detailed analysis of gr8nt funding received is provided at note 15.
15-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from investments
Unrestrlcled Unrestricted
funds
funds
2025
2024
Interest receivab18
268
249
Expenditure on charitable actlvltles
Charitable
activities
Charltable
activltles
2024
2025
Direct ¢osts
staff Gosts
Depreciation and impairment
Workshop & Programme costs
Rent & utility Gosts
Office costs
Property maintenance costs
Travel expenses
General direct charilable costs
304,917
1,359
383.578
18.779
379
241.439
2.145
308.527
19.429
866
370
747
259
764
5,321
715,097
573,782
Share of support and governance costs Isee note 6)
SuptM)rt
8.920
10.459
724.017
584.241
Analysls by fund
Unrestricted funds
Restricted funds
13.919
710,098
4.797
579,444
724,017
584,241
16-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to actlvitles
Charltable
activities
2025
Total
2024
Insuran
Bank chargès
General support costs
Governance
3.008
192
1,320
4,41)0
2,643
156
1,840
5,820
8,920
10,459
2025
2024
Governance costs comprise:
Audit fees
Accountancy
4,400
4.200
1,620
4,400
5,820
Net movement in funds
2025
2024
The net movement in funds Is stated after charglngllcredftlng)-
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed ass81s
4,400
1,359
4,200
2,145
Trustees
None of the trustees {or any persons connected with them) re￿Ived any remuneration or benefits from the
charity during the year.
Employees
Th8 average monthly number of employees during the year was-
2025
Number
2024
Number
Administration
12
10
17-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Employees
(Continued)
Empl¢yment costs
2025
2024
Wages and salaries
Social security cosls
Other pension costs
278,065
19.53S
7,317
220,322
18,411
2,706
304,917
241.439
There were no 8mploy88s whose annual remuneratlon was more than £60,000.
Remuneration of key management personnel
The remuneration of k8y management personnel was as follows..
2025
2024
Aggregate compensation
66,741
63,478
10 Taxatlon
The charity is exempt from taxation on its activities because all its income is applied for charilable purposes.
11 Tangible fixed assets
Fixturo¥ and
flttlngs
Cost
At 1 April 2024
Additions
38,141
1,890
At 31 March 2025
40,031
Depreclation and impairment
At 1 April 2024
Depreciatlon charged in the year
26,446
1,359
At 31 March 2025
27,805
Carrying amount
At 31 March 2025
12.226
At 31 March 2024
11.695
18-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Restricted funds
The restrfcted funds of the charity comprise the unexp8nded balances of donations and grants held on trust
subject to specific Conditions by donors as to how they may be used.
At 1 April
2024
Incoming
resources
Resources
expended
Transfers At 31 March
2025
Department for Communities-
Strengthening Future5
Department for Communities
Big Lottery- Minding Mum
sU￿e$s NW
Derry City & Strabane District
Council
WHSCT- NHIP
Depl for Communities- Talking
To Our Babies
Department for Foreign Affairs
Arts Council Northern Ireland
Derry Healthy Cities
Extended Schools
Lottery Funds - Awards forAII
Peace Plus - Waterside
Together Prolact
Healthy Living Alliance
Shared Island Funding
Other Rastricled Funds
145.146
122,477
84,760
132,514
{139,4911
(112.0321
(93,937)
(132,514)
(5,6551
1,864
14,415
12.309
5.238
133,793
29,197
(127,661}
{30.325>
62
6.194
1,308
2,436
23,819
{23.8191
(985)
{4,474}
(5,3531
{9.0331
(305)
985
3.969
505
5,353
12.495
15.050
3.462
14.745
21.840
7.301
6,903
5,996
114,601)
(4.665)
16,400)
{4,5031
7,239
2,636
503
1,683
190
23,669
747,149
(710,098)
(5,403)
55.317
-20-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Restricted funds
{Continued}
P￿ViouS year:
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
Department for Communities-
Strengthening Futures
Department for Communities
Big Lo118ry- Minding Mum
Success NW
Derry City & Strabane District
Council
WHSCT_ NHIP
Dept for Communities - Talking
To Our Babies
Department for Foreign Affairs
Arts Council Northern Ireland
Dery Healthy Cities
Exiended Schools
Skills 20120
Other restricted funds
134,794
97,564
93,594
100.178
1121,998)
{97,490)
{97,622)
(100,178)
(12,796)
1,790
18,443
1,864
14,415
61,882
29,327
(57,118}
(26.8911
{4,764>
2,436
22.029
{22,029)
{17.486)
{4,126)
(1,231)
(4,057>
17.5301
(21.6881
18.471
4,190
985
3.969
3,905
1,231
4,057
9,858
21,191
12,328)
{200)
697
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 2025
15 Restrtcted funds
(Contlnued)
Department for Communltles - Strengthenlng Futures
This fijnding is for the personal development and employability for young people.
Department for Communitios
DFC provides funding for running costs and salaries.
Big Lottery- Minding Mum
Minding Mum is a maternal menial health programme for pregnant mums and mums with babies up to one
year.
Success NW
Success NW is an employability programme largeting the economically inactive.
Derry Clty & Strabane Distrlct Councll
DCSDC fund Waterside Neighbourhood Partnership to deliver the Consensual Grant Making Process in the
Waterside.
WHSCT- NHIP
NHIP Is our Neighbourhood Health Improvement Programm8.
Departmont for Communitle5 - Talklng to Our Bables
Talk to our Babies is an early language development programme.
Extended Schools
Extended Schools programme funded our Summer SGheme for children who are neuro-diverse.
Lottery Funds Awards for All
This funding is for a podcast development programm8.
Peace Plus - Waterside Together Project
This fundin9 is for the delivery of events and programmes throughout the Waterside to promots thè movement
of people and promote the use of shared space.
16 Unrestricted funds
The unrestricted funds of the charity comprise 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 funds which have been set aside out of unrestricted funds by the trustees for specrfic purposes.
At 1 April
2024
Incoming
resources
Resources
expended
Transfers Al 31 March
2025
General funds
81,782
268
{13,919)
5,403
73,534
Previous year:
At 1 Aprll
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
General funds
66,242
249
14,797)
20.088
81.782
-22-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Analysls of net assets b8tW8èn funds
Unrestrfcled
funds
2025
Restricted
funds
2025
Total
2025
At 31 March 2025:
Tangible assets
Current assetsl(liabilities)
12,226
61,308
12,226
116,625
55,317
73,534
55,317
128,851
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assetsl(liabilities)
11.695
70.087
11,695
93,756
23,669
81,782
23,669
105,451
18 Transfers betrieen fund$
There has bèen net transfers be￿68n funds of £5,403 (2024.. £20,088} from restricted funds to unrestricted
general funds which répresents general core funding allowed by funders which is being released to g8neral
funds.
19 Financlal commitm9nts, guaranteos and contingent Ilabllltles
Certain grants received and receivable may become repayable to the funder if th8 charity is no longer able lo
meet the conditions under which they were awarded. Du8 to the natLJre of these contlngencies. it may not be
possible to quantify the potential financial effect or give an indication of the timing as lo the liabilities that may
arise.
20 Events after the reportlng date
There hav8 b88n no significant events affecting the ¢haritable company since the reporting dat8.
21 Related party transactlons
There w8r8 no disclosable related party transactions during thé year (2024- none}.
-23-

WATERSIDE NEIGHBOURHOOD PARTNERSHIP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
22 Cash generated from operations
2025
2024
Surplusl(d8ficit} for the year
23,400
(4,382)
Adjustments for:
Investment income recognised in statement of financial activili85
Depreciation and impairmenl of langible fixed assets
(268)
1,359
{249}
2,145
Movements in worklng rApItsI:
Decrease in debtors
Increase in creditors
1,984
6,527
10,803
1,573
Cash generated from operations
33,002
9.890
23 Analysls ot Changes In net funds
The charity had no material debt during Ihe year.
-24-