2024-03-31-annual-return

COMPANY REGISTRATION NUMBER: N1044974 CHARITY REGISTRATION NUMBER: NIC101549 West Bann Development Company Limited by Guarantee Financial Statements 31 March 2024 PAUL A TAYLOR & COMPANY Chartered accountant & statutory auditor Unit 4 12 Spittal Hill Bushmills Road Coleraine BT52 2BY

West Bann Development Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent auditor's report to the members 13 Statement of financial activities (including income and expenditure account) 17 Statement of financial position 18 Notes to the financial statements 19 The following pages do not form part of the financial statements Detailed statement of financial activities 34 Notes to the detailed statement of financial activities 37

West Bann Development Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2024. Reference and administrative details Registsred charity name West Bann Development Charlty registration number NIC101549 Company registration number N1044974 Principal office and registered 8 Killowen Court offlce Coleraine BT513TP The trustees Columb Henry Barney Gilmore Patrick McFeely Jeremy Thompson Nuala Hollinger Harry McGill Bernie Cosgrove John Pollock Kevin Mcwilliams Brendan Magee Daniel Fisher Catherine Ann Taylor John Joseph Boyle Margaret Dinsmore (Appointed 1 September 2023) (Resigned 21 April 2023) Auditor Paul A Taylor & Company Chartered accountant & statutory auditor Unit 4 12 Spittal Hill Bushmills Road Coleraine BT52 2BY Bankers Allied Irish Bank (formerly First Trust Bank) 33 The Diamond Coleraine BT52 1 DP

West Bann Development Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Structure overnance and mana ement Governing Document The organisation is a charitable company limited by guarantee, incorporated on 13 December 2002 and recognised as a Charity by the Inland Revenue on 9 January 2003. Registration with the Nl Charity Commission took place on 22 October 2015. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Board of Directors The Directors of the board of management on 31st March 2024 are listed on page 1. Organisational Structure The West Bann Development Board of Directors meets bi-monthly and is responsible ft)r the strategic direction and policy of the charity. At present the Committee has 13 members from a variety of backgrounds relevant to the work of the charity. There was a change in management at the stsrt of 2024, Eugene McFeely retired in February 2024 and Angela Mulholland was appointed Manager. Delegatlon A scheme of delegation is in place and day to day responsibility for the provision of services rest with the Community Development Manager. The Community Development Manager manages the Community Centre and Enterprise Units, ensuring that the local community make best possible use of the facilities available. The Community Development Manager will have responsibility for ensuring that the Community Centre is a sustainable resource through the generation of funding and the promotion of self-financing projects.

West Bann Development Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Ob'ectives and activities Purposes and Aims Our charity's purposes as set out in the objects contained in the company's memorandum of association are.. To promote the benefit of the inhabitants of the Causeway Coast and Glens Area and its environs (the "area of benefit") without distinction of age, gender, sexual orientation, nationality, ethnicity, political or religious opinion and in particular to'.- (1) Advance education by delivering community education and vocational training programmes. (2) Promote health and well-being by organising healthy recreational activities and information for residents living in the area of benefit. {3) Relieve those in need by reason of age, ill-health, disability or other disadvantage by providing a telephone care, alert and support service. Relieve unemployment and povety by the creation of training and employment opportunities through the provision of incubation business units for use on favourable terms Promote community development for the public benefit by providing: Facilities and amenities for, and promoting co-operation and joint activities belween, community and voluntary groups and organisations., An accessible early years, service, including training, support, signposting and ne￿orking, for families living in the area of benefit. Opportunities to foster good community relations and social cohesion Ensuring our work delivers our aims We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us to ensure our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contsined in the Charity Commission's general guidance on public benefitwhen reviewing our aim and objectives and in planning ourfuture activities. In particular, the Directors consider how planned activities will contribute to the aims and objectives they have set.

West Bann Development Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Objectives and activities (¢ontlnuedJ How our activities deliver public beneflt Who we try to help and our main activities are described below. All our charitable activities focus on residents of the Causeway Coast & Glens Borough Council Area particularly the Churchlands Area in Coleraine and are undertaken to further our charitable purposes for the public benefit. The trustees have paid regard to the public benefit guidance published by the Charity Commission. Who used and benefited from our services? Residents from the Causeway Coast & Glens Borough Council Area and residents of the Churchlands NRA in Coleraine are our primary organisational focus. The Churchlands area is better known locally as the Heights and Killowen areas. According to the most recent census (NINIS 2015) there are 3129 people who live in the Churchlands NRA. The focus of our work Our main objectives for the year continued to be the provision of services, activities and facilities for local residents. To ensure the work of the organisation is still meeting the needs of the local population an audit ofcommunity need will be undertaken during 2024 and suitable action plans adopted to facilitate recommendations or other issues highlighted. The strategies used to meet these objectives are listed in the principal activities and review of activities and developments below. Principal Activities The statement of financial activities for the year is set out on page 17. West Bann Development was formed in 1998 to address the social and economic disadvantages on the west of Coleraine town, in the Churchlands Ward. To meet these needs we have devised and delivered a variety of projects with the local community including an Early Years Programme, Community Education Programme and various social events. However our key aim has been to address economic disadvantages in the area and to this end, the Company has accessed the resources to establish a community owned Enterprise Centre with community space, in an area identified as suffering dereliction and in need of physical regeneration.

West Bann Development Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Objectives and activities (continued) Review of activities and developments The Regeneration Project, this project encompasses and allows the development & management of all the activities delivered and promoted by the organisation. The project aims to develop and co-ordinate a range of social and economic actions in the Churchlands Neighbourhood Renewal and wider CC&GBC Area to meet the health, education and training needs of the local community. The project further aims to facilitate the delivery of a range of support services for the benefit of the NRA residents through collaboration and partnerships with other community, voluntary and statutory agencies. Community Education Programme the provision of this programme for initial learning and further improvement of computer and employability skills was provided with the primary aim of empowering those living in the area with the attributes and self-confidence to better meet the needs of the local labour market. The programme continue(J despite the pandemic as noted above and adapted delivery to circumvent the difficulties created because of people being cautious about mixing with others. We continue to work in partnership with both the NRC and NWRC colleges to deliver accredited training for the benefit of the community. A parallel programme designed to reach those furthest from the labour market was also delivered. Tuition in City & Guilds and OCN Nl qualifications were delivered and accreditations achieved. Early Years Programmes continue to be delivered to provide parentslcarers and children with the opportunity to develop to their full potential. The need for this support is greater now than ever and we are seeing the effects ofconfinement and isolation manifest itself in the children's behaviour and delayed development. To support this endeavour we provide onsite crèches as well as a weekly Parent and toddler group part funded by the Pathway Fund. Collaboration continues with Coleraine Sure Start Partnership in the delivery of the DE Developmentsl Programme for 2-3 year old's. The partnership with NRC continues at the Centre for the delivery of the L2 & L3 Diploma in Children's Care Learning and Development along with supporting crèche. Low Cost Business Units this provision is designed to encourage the formation of new businesses in the area in an effort to create self-employment and employment and to reduce unemployment and povety. Two residents from the immediate area run their businesses from the centre with another I￿0 causeway coast and glens area residents operating their businesses at the centre. The units are also a means of generating revenue for the organisation.

West Bann Development Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Objectives and activities (continued) West Bann Development's other activities include: Churchlands Community Supporting Families through Learning, this project is delivered in partnership with three local schools, Killowen P.S. St. John's P.S. & Kylemore N.S. It is an inter schools and community collaborative approach. It is a joined up, longitudinal approach to support family learning. It is in place to identify children from the Churchlands Neighbourhood Renewal area who are at risk of low achievement due to social, emotional and behavioural difficulties. The programme uses a a child-centred approach to support these children to ensure the maximum potential for their inclusion in mainstream education from as early an age as possible. The programme aims to develop individual children's social, emotional and behavioural skills, encourage healthy lifestyles, improve their educational experience, reduce the number of children on the special needs register and those with statements. Given the vital role parents have to play in education the programme aims to assist the development of appropriate parental skills to support all our children. The Health & Wellbeing Project. the project has specific objectives of improving health, reducing stress and promoting better lifestyle and health options, by providing podiatry treatments to the people of the Churchlands NRA in Coleraine. Podiatry works to improve the mobility, independence and the quality of life of individuals by providing care, diagnosis and treatment of a wide range of problems affecting feet, ankles and lower limbs. This service delivers foot and lower limb care to over 100 local NRA residents through weekly clinics. Good Morning Causeway telephone support servlce, the project supports older and vulnerable people across Causeway Coast and Glens and aims to alleviate loneliness and isolation, by being a friend on the phone. Calls are made five days a week by a group of dedicated volunteers supported by the Good Morning coordinator. Clients are encouraged to engage with local services thereby helping to improve service user's mobility and re-engage with society. Clients have the opportunity to complete personal Wellbeing plan with a Wellbeing plan officer, the plan focuses on their physical, emotional and mental health, with personal goals including interests, hobbieslvolunteering. The service will support the client to reach their goals visiting ￿lce over a three month period. The programme is funded by the Community Fund through or Partnership with C.O.A.S.T. The organisation for Older People, Good Morning Causeway (West Bann Development) and Good Morning Ballycastle {Ballycastle Churches action). The Wednesday Morning Club is a weekly activity programme for local senior citizens which West Bann Development provides each Wednesday morning {11 am to 12.30pm). The club comprises a range of activities designed to improve and maintain the health and well-being of residents whilst at the same time improving local community relations. West Bann acknowledges that there is a significant older population in the area. The major benefits of this activity stem from the social interaction enjoyed by this cross community group and include.. Avoids depression Fosters and builds friendships Provides a reassuring support ￿e￿Ork Permits access to West Bann partner organisation services Promotes community integration & independence instead of isolation

West Bann Development Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnuedj Year ended 31 March 2024 Objectives and activities (continued) Complementary TherapieslPhysical Activity, Physical and Mental Well Being is promoted through exercise classes and complementary treatments which are offered by West Bann Development and complement the Wednesday Morning Club in tackling the health-related issues of NRA residents. The exercise classes and treatments will attract a cross section of young people, the elderly, men and women with a view to.. increasing the level of residents physical activity; improving mobility., independence and quality ofof life,. reducing the number of people with levels of stress related illnesses., promoting personal and social development,. providing diversion via a complementary healing process and enhancing self-esteem and bring about a reduction in marginalization. Youth Work At West Bann we work with young people to give the opportunity of learning and recreational activities and to give them a voice as they often feel they are underrepresented and ignored by wider society. To accomplish this we seek the financial resources to allow this to happen and we collaborate and work with other groups for the delivery of programmes. Provision of Facillties at the Centre, the Centre is open for use by the Local community and voluntary groups promoting good relations and improving social inclusion. The Centre is also a venue which provides for the delivery of training and additional services by Ststutory, community and voluntary agencies. The West Bann Centre is a welcoming venue in the heart of the community and accessible to the whole community.

West Bann Development Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (￿ntinued) Year ended 31 March 2024 Strate icre ort The following sections for achievements and performance and financial review form the strategic report of the charity. Achievements and erformance West Bann have found a pronounced change in the mind-set of a section of the population post the pandemic. From the targets and activities established to meet the needs of the people in the area and monitored by a variety of statutory and other agencies, some have been met or partly met. There has been a reduction in the engagement with regard to some activities in some instances. This has resulted in some of the projected targets having to be revised down. We are working hard to encourage residents to to engage and participate in planned initiatives. In an effort to achieve this West Bann have redoubled their efforts to promote activities, keeping residents informed of what is available at the ￿ntre through social media postings, email campaigns and word of mouth as a means of encouraging residents to get involved. Securing Tutors from the FE Colleges has been more difficult than previously was the case. This can present a challenge at times when we have interest in the community for courses but can't secure a tutor. We continued to work in partnership with C.O.A.S.T. {Causeway Older Active Strategic Team) to deliver the Connected Age Project and operated the Good Morning Causeway Call support service. Throughout lockdown and since most of the volunteers making the calls have worked from home. The coordinator working from the Centre continues to recruit volunteers some of whom are now working from the ofFice in the Centre. We saw the demand for the service skyrocket with a host of new referrals and increased demand from existing beneficiaries. Home visits to the elderly and vulnerable as part of the Connected Age project aim to encourage Glients to take part in activities in their local area and assess and address any needs identified.

West Bann Development Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {¢ontinued) Year ended 31 March 2024 Flnancial review Securing sufficient funding for the delivery of projects and programmes is still foremost on the minds of the board at West Bann. Without adequate funding the delivery of services to the community would not be possible. Insecurities over long term funding still remains and causes difficulties in terms of planning or developing a long-term strategy. Continued core funding from the Department for Communities, Early Years, Sure Start, CC&GC, Big Lottery coupled with self-generated funds is essential for the company to deliver the range of services in its strategic plans. In 2024 insufficient restricted grant income was generated and as a result the WBD self-generated funds were pressurised to pay a higher proportion of the costs of services than in prior years, resulting in a deficit of £36,007. Additional sources of grant funding for 2024.25 are actively being pursued. DFC Dfc funding for the following three projects delivered by West Bann Development was secured for the period April 2023 to March 2024, the Regeneration Project, Health and Well Being Project and Churchlands Community Supporting Families through Learning Project. West Bann was the lead organisation and responsible for the funding for the Churchlands Community Supporting Families through Learning Project (CCSFTL) which enabled the I￿0 primary schools and nursery schools in the West Bann Neighbourhood Renewal Area to provide additional support for the children with the most need. However, continued funding in its present form from Dfc is uncertain, with a review of Neighbourhood Renewal underway. NR was designed to be a 10 year programme and it has now been running for a considerably longer period. Consequently, the directors feel that it is of utmost importance that alternative andlor additional funding options are explored and secured. This will ensure that current operational levels can be maintained if funding streams are lost or diminished. Sure Start Funding from the Department of Education had asso been secured through Sure Start for the 202312024 financial year, which safeguarded a large portion of the Early Years activities {i.e. Sure Start Developmental Programme for 2- 3 Year Olds). This is a pre pre-school programme designed to provide early learning, intervention and support where most needed. This programme prepares children for the transition to nursery school. The evidence is that children who attend this programme have less difficulty making the transition and settle better. Pathway Fund Early Years the Organisation for Young Children provided funding for the programme secured from the Department for Education. These funds are a contribution towards the costs associated with the delivery of the Early Years programme delivered by West Bann. A substantial part of the cost of this programme for the 202312024 financial year is covered by West Bann from their own self-generated funds. This programme supports parents and their families through the provision of crèches, parent and toddler groups and other support services delivered by West Bann's professionally trained staff. Community Fund West Bann as a partner in the C.O.A.S.T. (Causeway Older Active Strategic Team) partnership secured funding from The Big Lottery (Community Fund). The 4 year (2022-2026} Connected Age project supports older people across Causeway Coast and G5ens to engage with local services i.e. {Good Morning Call service) etc. helping improve clients mental health and decrease social isolation. Each person is offered a Personal Wellbeing Plan designed to assess their needs and encourage and facilitate more social inclusion.

West Bann Development Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Flnancial review (continued) pcsp The Policing & Community Safety Partnership provided funds to a51ow diversionary activities to be delivered with local youth. St also allowed the local community safety officers to engage with the youth helping to break down barriers that may exist be￿een the youth and the PSNI. Activities for the elder5y were also facilitated which gave the opportunity for messages of reassurance to be delivered to alleviate any fears about PSNI availability in local areas. Radius Housing Funding secured from Radius Housing facilitated a range of activities for local children during the summer months. Without this funding local children would have been at a loose end over the summer months. The activities provided by West Bann Youth team engaged the local children in activities which contributed to better physical and mental health for all the children involved. Radius are heavily involved in supporting community groups and activities within a five mile radius of their housing developments. This engagement is beneficial to their tenants and integrates them into the wider community. They are to be commended for their community spirit and fO￿ard thinking. Other or9anisations would do well to take a leaf out of the Radius Housing book. BYTES This is an organisation based just outside Belfast which deliver youth programmes in many local towns. Bytes state, Our mission is to help young people achieve their full potential and overcome any barriers they may face. Bytes provided funding which allowed the West Bann Youth team to work with Bytes to deliver local youth activities utilising the West Bann youth HUB a fantastic resource developed in the heart of the community. Principal Funding Sources Aside from the income generated by the rental of units, office space and meeting facilities, the principal funding sources for the charity are currently by way of granucontract income from the following sources.. The Department for Communities Early Years - The Organisation for Young Children {DE Funded Pathway) Coleraine Sure Start Partnership (DE Funded) C.O.A.S.T. (Community Fund) Causeway Coast & Glens BC Investment Policy Aside from retaining a prudent amount in reserves each year most of the charity's funds are to be spent in the short term so there are few funds for long term investment. Having considered the options available, the board of directors have decided to invest in a fixed term investment account. Although the overall return on this investment is low, this is weighed against a conscious decision by the directors to hold residual funds in a medium which is easily and quickly accessible. This decision stems from the current uncertain nature of the funding landscape. 10

West Bann Development Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Financial review (contlnued) Reserves Policy The Board of Directors has examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible assets held by the charity should equate to 12 months of expenditure. The reserves are needed to meet the working capital requirements of the charity and the Board of Directors are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. The reserve target includes a designation of £18,000 which has been set aside for the purchaselreplacement of Computer Hardware and sofvare, for the Community Education Programme alongside a sum of £12,250 for replacement of the floor in the main community space. The present level of reserves available to the charity however falls significantly short of the target level. Although the strategy is to continue to build reserves through planned operational surpluses, the Board of Directors is well aware that it is unlikely that the target range can be reached for at least five years. In the short term the Board of Directors has also considered the extent to which existing activities and expenditure could be curtailed, should such circumstances arise. Plans for future eriods The Charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements and amend the action plan accordingly. Trustees, responslbillties statement The trustees, who are also directors for the purposes of company law, are 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 the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and then apply them consistently,. observe the methods and principles in the applicable Charities SORP., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements-, prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 11

West Bann Development Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continuedj Year ended 31 March 2024 The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor Each of the persons who is a trustee at the date of approval of this report confirms that: so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware. and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees, annual report and the strategic report were approved on 2 December 2024 and signed on behalf of the board of trustees by.. Harry McGill Director Bernie Cosgrove Director 12

West Bann Development Company Limited by Guarantee Independent Auditor's Report to the Members of West Bann Development Year ended 31 March 2024 Opinion We have audited the financial statements of West Bann Development (the 'charity'} for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). This report is made solely to the charity'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 charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)} and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report to you where.. the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate., or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least ￿e1ve months from the date when the financial statements are authorised for issue. 13

West Bann Development Company Limited by Guarantee Independent Auditor's Report to the Members of West Bann Development (conlinued) Year ended 31 March 2024 Other information The other information 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. Our opinion on the financial statements does not cover the other information and, except to the extent othe￿iSe explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements. and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on whlch we are required to report by Oxceptlon In the light of the knowledge and understanding ofthe charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the 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 have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns,. or rtain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. 14

West Bann Development Company Limited by Guarantee Independent Auditor's Report to the Members of West Bann Development (contlnued) Year ended 31 March 2024 Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors forthe purposes of company law) are responsible for the preparation ofthe financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial ststements 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 ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assuran￿ is a high level of assurance, but 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 material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financia5 statements. As part of an audit in accordance with ISAS (UK}, we exercise professional judgment and maintain professional scepticism throughout the audit. We also= Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists. we are required to draw attention in our auditorfs report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements. including the disclosures, and whether the financial statements representthe underlying transactions and events in a manner that achieves fair presentation. 15

West Bann Development Company Limited by Guarantee Independent Auditor's Report to the Members of West Bann Development (¢ontlnuedJ Year ended 31 March 2024 We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Paul A Taylor (Senior Statutory Auditor) For and on behalf of Paul A Taylor & Company Chartered accountant & statutory auditor Unit 4 12 Spittal Hill Bushmills Road Coleraine BT52 2BY 2 December 2024 16

West Bann Development Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds 2023 Unrestricted fijnds Total funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment income 1,712 38,141 52,805 1,693 1,500 192,771 3,212 230,912 52,805 1,693 11,029 299,473 45,011 1,103 Total income 94,351 194,271 288,622 356,616 Expenditure Expenditure on raising funds.. Costs of other trading activities Expenditure on charitable activities Total expenditure 18,982 116,129 19,545 169,974 38,525 286,104 42,259 303,479 10,11 135,111 189,519 324,629 345,738 Net (expenditure)lincome and net movement in funds (40,7601 4,752 (36,007) 10,878 Reconciliation of funds Total funds brought forward Total funds carried forward 113,220 786,295 899,515 888,637 72,460 791,047 863,507 899,515 The statement of financial activities includes all gains and losses recognised in the year. A51 income and expenditure derive from continuing activities. The notes on pages 19 to 32 form part of these financial statements. 17

West Bann Development Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets Investments 17 18 7,654 775,812 8,736 775,812 783,466 784,548 Current assets Debtors Cash at bank and in hand 19 35,562 104,519 70,477 209,196 279,673 140,081 Creditors: amounts falllng due within one year Net current assets 20 25,072 117,336 115,009 162,337 Total assets less current liabilities 898,475 946,885 Credltors: amounts falllng due after more than one year Net assets 21 (34,967) 863,508 147,370) 899,515 Funds of the charity Restricted funds Unrestricted funds 791,047 72,460 786,295 113,220 Total eharlty funds 25 863,507 899,515 These financial statements were approved by the board of trustees and authorised for issue on 2 December 2024, and are signed on behalf of the board by: Harry McGill Director Bernie Cosgrove Director These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The notes on pages 19 to 32 form part of these financial statements. 18

West Bann Development Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information West Bann Development is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 8 Killowen Court, Coleraine, BT513TP. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity- Golng concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows= Depreciation rates for equipment and fixtures have been estimated based on expected future value. The carrying values at the current and previous year ends are disclosed in note 16 of the Financial Statements. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. 19

West Bann Development Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 Accounting policies (Contlnued) Incoming resourcos All incoming reSoUr￿S are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings ofthe statement of financial activities to which it relates-. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. AII costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned be￿een the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 20

West Bann Development Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (continued) Tangible assets (contlnued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Fixtures, fittings & furniture Creche equipment Office equipment Computer equipment 100/0 Straight line 100/0 Straight line 10 % straight line 25 % straight line Investments Unlisted equity investments are initially recorded at cost. and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. Listed investments a￿ measured at fair value with changes in fair value being recognised in income or expenditure. Investment property Investment propety is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment propety is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment propety, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis. Impaimient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 21

West Bann Development Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (continued) Impairment of fixed assets (continued) For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured atthe cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised Cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 22

West Bann Development Company Limited by Guarantee Notes to the Financial Statsments (continued) Year ended 31 March 2024 Accounting policies (Continued) Financial instruments (contlnued) Other financial instruments are subsequently measured at fair value. with any changes recognised in the statement of financial activities, with the eX￿ptIon of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that eX￿edS what the carrying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. en contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee West Bann Development is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year year after he or she ceases to be a member. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations received PCCT donation 1,712 1,712 1,500 1,500 1,712 1,500 3,212 23

West Bann Development Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Donations and legacles (continued) Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations received PCCT donation 9,379 9,379 1,650 1,650 9,379 1,650 11,029 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2024 IT and Educational Course Fees Early Years Course Fees Health and Wellbeing Course Fees DFC Regeneration Project DFC Health & Well Being Project DFC Churchlands Community Supporting Families TLP DFC Churchlands Community Supporting Families TLP -paid to schools Pathway Fund Causeway Coast & Glens BC Coleraine Sure Start (2 year old programme) Big Lottery I COAST Radius Housing CBC deferred income released ESF - Learn to Earn Boys and Girls Club Police Community Safety Partnership Bytes 8,610 660 28,871 8,610 660 28,871 61,191 2,800 61,191 2,800 61,109 61,109 {59,7471 18,000 3,800 65,035 25,433 (59,747) 18,000 3,800 65,035 25,433 9,524 1,477 1,350 999 1,800 192,771 9,524 1,477 1,350 999 1,800 38,141 230,912 24

West Bann Development Company Limited by Guarantee Notes to the Financial Statements fcontinued) Year ended 31 March 2024 Charitable activities (continued) Unrestricted Funds Restricted Total Funds Funds 2023 IT and Educational Course Fees Early Years Course Fees Health and Wellbeing Course Fees DFC Regeneration Project DFC Health & Well Being Project DFC Churchlands Community Supporting Families TLP DFC Churchlands Community Supporting Families TLP -paid to schools Pathway Fund Causeway Coast & Glens BC Coleraine Sure Start (2 year old programme) Big Lottery I COAST Radius Housing CBC deferred income released ESF - Learn to Earn Boys 2nd Girls Club Police Community Safety Partnership Bytes 9,793 6,265 23,820 9,793 6,265 23,820 63,612 2,800 63,612 2,800 61,024 61,024 (59,747) 18,000 3,500 62,597 26,892 7,161 9,524 57,706 750 925 4,851 {59,747) 18,000 3,500 62,597 26,892 7,161 9,524 57,706 750 925 4,851 299,473 39,878 259,595 Other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Hall Rent Board Room Rent IT Suite Rent Unit Rent Office Rent Catering Provision Consultancy Photocopying I Printing Services 22,006 (2,380} 96 19,413 22,006 {2,380) 96 19,413 5,882 3.596 175 16,380 910 862 17,036 170 5,882 3,596 175 16,380 910 862 17,036 170 1,173 12.138 359 1,173 12,138 359 52,805 52,805 45,011 45,011 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 1,693 1,693 1,103 1,103 25

West Bann Development Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Costs of other trading activities Unrestricted Funds Restricted Total Funds Funds 2024 Staff costs Other trading activity 1- employerfs NIC Other trading activity 1 pension costs Other trading activity 1 rent Water charges Electricity Premises repairs & maintenance Insuran Consultancy fees Telephone and internet Miscellaneous Depreciation Bank charges Heating fuel Postage Office stationery Computer repairs and servicing Computer software Cleaning 12,074 {476) 127 497 1,059 402 1,154 875 68 450 599 78 463 74 85 111 276 811 255 8,990 541 334 21.064 65 460 497 1,059 1.966 1,571 2,036 3,043 1.405 621 950 463 1.012 348 263 276 1,021 405 1,564 417 1,162 2,974 955 23 872 938 263 151 211 150 18,982 19,545 38,525 Unrestricted Funds Restricted Total Funds Funds 2023 Staff costs Other trading activity 1- employels NIC Other trading activity 1 pension costs Other trading activity 1 rent Water charges Electricity Premises repairs & maintenance Insurance Consultancy fees Telephone and internet Miscellaneous Depreciation Bank charges Heating fuel Postage Office stationery Computer repairs and servicing Computer software Cleaning 6,871 (226) 162 434 961 117) 78 15,500 95 589 22,371 (131) 751 434 961 2,784 1,509 1,673 5,624 1,476 415 1,114 419 1,121 256 369 14 799 300 2,801 1,431 1,673 5,314 1,471 25 1,035 310 390 79 419 1,121 256 306 14 762 185 63 38 115 9,682 32,578 42,259 26

West Bann Development Company Limited by Guarantse Notes to the Financial Statements (continued) Year ended 31 March 2024 10. Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 West Bann Development Charity Support costs 74,974 41,155 125,948 44,026 200,921 85,183 116,129 169,974 286,104 Unrestricted Funds Restricted Total Funds Funds 2023 West Bann Development Charity Support costs 63,457 19,016 146,569 74,436 210,025 93,454 82,473 221,005 303,479 11. Expenditure on charitable activlties by activity type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 West Bann Development Charity Governance costs 200,921 80,243 4,940 281,164 4,940 299,340 4.139 200,921 85,183 286,104 303,479 12. Analysis of support costs Analysis of support costs activity 1 Total 2024 Total 2023 staff costs Premises Communications and IT General office Finance costs Governance costs Insurance Consultancy fees Depreciation 48,052 11,026 6,013 2,943 1,154 4,128 2,296 6,772 2,113 84,497 48,052 11,026 6,013 2,943 1,154 4,128 2,296 6,772 2,113 51,171 12,718 5,094 2,315 933 4,138 1,886 12,519 2,479 93,253 84,497 27

West Bann Development Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 13. Net (expenditure)lincom• Net (expenditure)lincome is stated after chargingl(crediting}'. 2024 2023 Depreciation of tangible fixed assets 3,063 3,593 14. Audltors remuneration 2024 2023 Fees payable for the audit of the financial statements 3,950 3,950 15. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 199,539 8,481 4,294 216,534 10,813 5,561 212,314 232,908 The average head count of employees during the year was 13 (2023.. 14). The average number of full-time equivalent employees during the year is analysed as follows: 2024 No. 2023 No. Management Administration & Support Early Years Good Morning Causeway Causeway Learn to Earn 13 14 No employee received employee benefits of more than £60,000 during the year (2023.. Nil). 16. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 28

West Bann Development Company Limited by Guarantee Notes to the Financial Statements (Continued) Year ended 31 March 2024 17. Tangible fixed assets Fixtures and Creche Office IT fittings Equipment Equipment Equipment Cost At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Carrylng amount At 31 March 2024 At 31 March 2023 Total 10,108 224 22,841 1,656 21,190 85,153 101 139,292 1,981 141,273 10,332 24,497 21,190 85,254 7,958 444 18,553 1,118 20,785 231 83,260 1,270 84,530 130,556 3,063 133,619 8,402 19,671 21,016 1,930 4.826 174 724 2,150 7,654 8,736 4,288 405 1,893 18. Investments Investment properties Cost or valuatlon At 1 April 2023 and 31 March 2024 Impairment At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 At 31 March 2023 775,812 775,812 775,812 All investments shown above are held at valuation. Investment properties Investment property has been valued by the directors at the year end date. The valuation is based on applying a suitable rate to the current rental income assuming full occupancy, in line with rates applying to similar properties in the locality. 29

West Bann Development Company Limited by Guarantee Notes to the Financial Statements {continued) Year ended 31 March 2024 19. Debtors Trade debtors Prepayments and accrued income Other debtors 2024 2023 34,266 105 1,191 35,562 69,034 62 1,381 20. Creditors.. amounts falling due withln one year 70,477 Trade creditors Accruals and deferred income Other creditors 2024 2023 14,191 9,315 1,566 25,072 37,269 79,526 541 21. Creditors.. amounts falling due after more than one year 117,336 Trade creditors Accruals and deferred income 2024 2023 15,915 19,052 34,967 18,794 28,576 47,370 22. Deferred income At 1 April 2023 Amount released to income At 31 March 2024 2024 2023 28,576 (9,524) 19,052 38,100 (9,524) 28,576 23. Pensions and other post retlrement beneflts Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £4,294 (2023.. £5,561). 30

West Bann Development Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 24. Government grants The amounts recognised in the financial statements for government grants are as follows.. 2024 Recognised in creditors.. Deferred government grants due after more than one year 2023 19,052 28,576 25. Analysis of charitable funds Unrestricted funds At 1 April 2023 At 31 March 202 General funds Pre - incorporation unrestricted fund Income Expenditure 94,351 (135,111) 44,008 69,212 113,220 3,248 69,212 72,460 94,351 (135,111) Restricted funds At 1 April 2023 At 31 March 202 West Bann Charity Restricted Fund Buildings Restricted Fund Income Expenditure 184,747 9,524 (189,519) 194,271 52,654 733,641 786,295 47,882 743,165 791,047 (189,519) 26. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Total Funds Funds 2024 2023 Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 447 7,208 775,812 57,217 {14,221} (34,967) 791,049 7,655 8,737 775,812 775,812 140,081 279,672 (25,072) {117,336) (34,967) (47,370) 863,509 899,515 82,864 {10,851) 72,460 31

West Bann Development Company Limited by Guarantee Notes to the Financial Statements (confinued) Year ended 31 March 2024 27. Financial Instruments The carrying amount ft)r each category of financial instrument is as follows.. Financial assets that are debt instruments measured at amortised cost Financial assets that are debt instruments measured at amortised cost 2024 2023 140,081 279,673 Financial liabilities measured at amortised cost Financial liabilities measured at amortised cost 25,072 117,336 32

West Bann Development Company Limited by Guarantee Management Information Year ended 31 March 2024 The following pages do not forni part of the financial statements. 33

West Bann Development Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2024 Income and andowments Donations and legacies Donations received PCCT donation 2024 2023 1,712 1,500 3,212 9,379 1,650 11,029 Charitable activitles IT and Educational Course Fees Early Years Course Fees Health and Wellbeing Course Fees DFC Regeneration Project DFC Health & Well Being Project DFC Churchlands Community Supporting Families TLP DFC Churchlands Community Supporting Families TLP -paid to schools Pathway Fund Causeway Coast & Glens BC Coleraine Sure Start (2 year old programme) Big Lottery / COAST Radius Housing CBC deferred income released ESF- Learn to Earn Boys and Girls Club Police Community Safety Partnership Bytes 8,610 660 28,871 61,191 2,800 61,109 (59,747) 18,000 3,800 65,035 25,433 9,793 6,265 23,820 63,612 2,800 61,024 (59,747) 18,000 3,500 62,597 26,892 7.161 9,524 57,706 750 925 4,851 299,473 9,524 1,477 1,350 999 1,800 230,912 Other trading activities Hall Rent Board Room Rent IT Suite Rent Unit Rent Office Rent Catering Provision Consultancy Photocopying i Printing Services 22,006 (2,380) 96 19,413 5,882 3,596 175 16,380 910 862 17,036 170 1,173 12,138 359 52,805 45,011 Investment income Bank interest receivable 1,693 1,103 Total Income 288,622 356,616 34

West Bann Development Company Limited by Guarantee Detailed Statement of Financial Activities fcontlnued) Year ended 31 March 2024 Expenditure Costs of other trading activlties Wages and salaries Employer's NIC Pension costs Rent Rates and water Light and heat Repairs and maintenance Insuran Legal and professional fees Telephone Other office costs Depreciation Bank charges Heating fuel Postage Office stationery Computer repairs and servicing Computer software Cleaning 2024 2023 21,064 65 460 497 1,059 1,966 1,571 2,036 3,043 1,405 621 950 463 1,012 348 263 276 1,021 405 22,371 (131) 751 434 961 2,784 1,509 1,673 5,624 1,476 415 1,114 419 1,121 256 369 14 799 300 38,525 42,259 Expendlture on charitsble activitles Wages and salaries Employer's NIC Pension costs Rent Light and heat Repairs and maintenance Insurance Vehicle leasinglhire Other motorltravel costs Legal and professional fees Telephone Other office costs Depreciation Printing Course expenses - computer l educational Course expenses - recreational i exercise Course expenses - early years Course expenses - complementary therapies Course expenses - community engagement Course expenses - youth engagement 178,475 8,416 3,834 6,925 4,376 3,496 2,296 140 785 4,800 3,126 2,757 2,113 1,451 7,996 12,927 520 11,495 1,017 377 194,163 10,944 4,810 6,262 6,196 3,359 1,886 135 2,664 4,004 3,285 2,667 2,479 1,397 8,233 3,588 1,937 11,883 434 1,601 Carried forward 257,322 271,927 35

West Bann Development Company Limited by Guarantee Detailed Statement of Financial Activities fcontinuedj Year ended 31 March 2024 2024 2023 Brought forward Creche expenses Craft materials Catering Advertising Training Consultancy fees Heating fuel Postage offi￿ stationery Computer servicing & repairs Computer software Cleaning Donations Bank fees 257,322 271,927 115 479 5,189 422 495 13,453 2,253 775 585 613 2,273 901 200 1,029 286,104 20 1,025 4,574 442 170 17,825 2,496 569 821 30 1,77g 668 200 933 303,479 Total exponditure 324,629 345,738 Net {expenditure)lin¢ome (36,007) 10,878 36

West Bann Development Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2024 Costs of other trading activlties Rent. hire and providing services Staff costs Other trading activity 1- employer's NIC Other trading activity 1 pension costs Other trading actlvlty 1 rent Water charges Electricity Premises repairs & maintenance Insurance Consultancy fees Telephone and internet Miscellaneous Depreciation Bank charges Heating fuel Postage Office stationery Computer repairs and servicing Computer software Cleaning 2024 2023 21,064 65 460 497 1,059 1,966 1,571 2,036 3,043 1,405 621 950 463 1,012 348 263 276 1,021 405 22,371 (131) 751 434 961 2,784 1,509 1,673 5,624 1,476 415 1,114 419 1,121 256 369 14 799 300 38,525 42,259 Costs of other trading activitles 38,525 42,259 37

West Bann Development Company Limited by Guarantee Notes to the Detailed Ststement of Financial Activities (continued) Year ended 31 March 2024 Expenditure on charitable activities West Bann Development Charity Activities undertaken directly Staff costs Direct charitable activity 1- employels NIC Direct charitable activity 1 pension costs Rent Travel costs Miscellaneous expenses Printing Course expenses - computer / educational Course expenses - recreational l exercise Course expenses - early years Course expenses - complementary therapies Course expenses - community engagement Course expenses - youth engagement Creche expenses Craft materials Catering Advertising Training Consultancy fees 2024 2023 131,591 8,272 2,810 6,925 785 1,374 1,451 7,996 12,927 520 11,495 1,017 377 115 479 5,189 422 495 6,681 200,921 144,370 11,237 3,139 6,262 2,664 1,743 1,397 8,233 3,588 1,937 11,883 434 1,601 20 1,025 4,574 442 170 5,306 210,025 Support costs Staff costs Support charitable activity 1 employer's NIC Support charitable activity 1- pension costs Electricity Premises repairs & maintenance Insurance Telephone and internet Miscellaneous Depreciation Consultancy fees Heating fuel Postage Office stationery Computer repairs & servicing Computer software Cleaning Donations Bank fees 46,884 144 1.024 4,376 3.496 2,296 3,126 1,383 2,113 6,772 2,253 775 585 613 2,273 901 200 1,029 80,243 49,793 {293) 1,671 6,196 3,359 1,886 3.285 924 2,479 12,519 2,496 569 821 30 1,779 668 200 933 89,315 38

West Bann Development Company Limited by Guarantee Notes to the Detailed Ststement of Financial Activities {¢ontinuedJ Year ended 31 March 2024 Governance costs Governance costs - subscriptions Governance costs - audit fees Governance costs - legal and other professional fees 2024 2023 140 4,745 55 135 3,950 54 4,940 4,139 Expenditure on charitable activities 286,104 303,479 39

West Bann Development 8 Killowen Court Coleraine Paul A Taylor & Co 2nd December 2024 Dear Sir/ Madam This representation letter is provided in connection with your audit of the financial statements of WEST BANN DEVELOPMENT for the period ended 31/03/2024 for the purpose of expressing an opinion as to whether the financial statements give a true and fair view in accordance with the relevant financial reporting framework. We confirm that, to the best of our knowledge and belief, having made such enquiries as we considered necessary for the purpose of appropriately informing ourselves, the following representations given to you in connection with your audit of the company's financial statements in respect of the year ended 31/03/2024. RESPONSIBILITY FOR FINANCIAL STATEMENTS We acknowledge as directors our responsibility for preparing the Directors, Report and the financial statements in accordance with UK law and regulations. UK company law requires the directors to prepare financial statements for each financial year. Underthe law, we have elected to prepare the financial statements in accordance with Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" issued by the Financial Reporting Council, and promulgated by the Institute of Chartered Accountants in Ireland I'relevant financial reporting framework"). We have fulfilled our responsibilities, as set out in the terms of the audit engagement letter, for the preparation of the financial statements in accordance with the relevant financial reporting framework and in particular the financial statements give a true and fair view in accordance therewith. Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. Related party relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of the relevant financial reporting framework. All events subsequent to the date of the financial statements and for which the relevant financial reporting framework requires adjustment or disclosure have been adjusted or disclosed a5 appropriate. See the specific section addressing events after the end of the reporting period below. ID Chartered Accountants Ireland Under Licence by Chartered Accountants Ireland for use with Procedures for Quality Audit 2016

The effects of uncorrected misstatements are immaterial, both individually and in the aggregate, to the financial statements as a whole. The directors do not propose to adjust for these misstatements because of the immateriality of the amounts involved. INFORMATION PROVIDED We have taken all steps that we ought to have taken to make ourselves aware of any relevant audit information and to establish that you are aware of that information. We confirm there is no relevant audit information of which you are unaware. All the accounting records have been made available to you for the purpose of your audit and all the transactions undertaken by the directors and persons connected with a director have been properly recorded in the accounting records and reflected in the financial statements. All other relevant information including additional information that you have requested from us forthe purpose of the audit have been made available to you. We have provided you with unrestricted access to persons within the entity from whom you determined it necessary to obtain audit evidence, All transactions have been recorded in the accounting records and are reflected in the financial statements. We confirm that the companws accounting records are located at 8 Killowen Court, Coleraine. We recognise the importance of maintaining adequate accounting records for the purposes of compliance with the Companies Act. Irrespective of this, we acknowledge our responsibility for the design and implementation of internal control to prevent and detect fraud and error. We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud. We have disclosed to you all information in relation to fraud or suspected fraud that we are aware of and that affects the entity and involves Management; Employees who have significant roles in internal control; or Others where the fraud could have a material effect on the financial statements. We have disclosed to you all information in relation to allegations of fraud, or suspected fraud, affecting the entity's financial statements communicated by employees, former employees, analysts, regulators or others. Q Chartered Accountants Ireland Under Licence by Chartered Accountants Ireland for use with Procedures for Quality Audit 2016

In relation to the above matters relating to fraud, we are not aware of any irregularities, including fraud, involving management or employees of the Company. We are not aware of any instances of actual or possible non-compliance with laws, regulations, contracts, or agreements that might result in the Company suffering significant penalties, other loss or affecting the financial statements. No allegations of such irregularities, including fraud, or such non-compliance have come to our notice. The financial statements have been prepared in accordance with the Companies Act 2006. Except as disclosed in the financial statements, no other transactions involving directors, officers and others requiring disclosure in the financial Statements under the Companies Act 2006 have been entered into. REVENUE All of the revenue of the company has been recorded in the accounting records of the company and is duly accounted for. We confirm that the control over receipts is adequate to prevent any misstatement or misappropriation arising. CAPITAL EXPENDITURE We confirm that all capital expenditure incurred during the year has been properly recorded as additions to tangible fixed assets. Expenditure in respect of repairs and renewals charged to the profit and loss account contains only expenditure of a revenue nature. ASSETS We confirm that all assets, including bank and cash, are fully di5c105ed in the balance sheet. The company has full title to all assets included in the balance sheet, except as disclosed in the notes to the financial statements. The valuation of the West Bann Development premises in fixed asset investments is at fair value. Provisions for depreciation have been made against tangible fixed assets at bases and at rates calculated to reduce the net book amount of each asset to its estimated residual value by the end of its probable useful life in the company's business. In this respect, we are satisfied that the probable useful lives are appropriate. We are not aware of any circumstances that would indicate that the carrying value of any non-current assets is impaired. Chartered Accountant5 Ireland Under Licence by Chartered Accountants Ireland for use with Procedures for Quality Audit 2016

LIABILITIES Full provision has been made for all liabilities at the balance sheet date, including appropriate penalties. There are no amounts included in trade payables or accrualsthat are disputed, save only to an extent that is not material. SECRETARIAL We confirm that there has been no change in the capital structure of the company during the year. Any changes in the director / trustees have been brought to your attention in your capacity as auditor. The Company Secretary is responsible for maintaining such registers and records such as are required under the Companies Act 2006. GUARANTEES, CONTINGENCIES AND WARRANTIES We confirm that the directors have not personally guaranteed any debts of the company, except in so far as set out in the letter received by you from the company's bankers. We also confirm that at no time during the year has the company had any arrangement, transaction or agreement to provide credit facilities (including loans, quasi-loans or credit transactions) for direttors lor persons connected with them) or to guarantee or provide security for such matters (except as disclosed in the notes to the financial statement5). We confirm that there are no other material contingencies involving the company that should be brought to your attention. LITIGATION AND CLAIMS All known litigations and claims, includingtheir likely outcomes, whose effects should be considered when preparing the financial statements have been disclosed to you and accounted for and disclosed in accordance with the relevant financial reporting framework. 10. LAW AND REGULATIONS We have disc105ed to you all known instances of non-compliance or suspected non- compliance with laws and regulations whose effects should be considered when preparing financial statements Chartered Accountants Ireland Under Licence by Chartered Accountants Ireland for use with Procedures for Quality Audit 2016

1. RELATED PARTY TRANSAcfioNS AND DIREcfoRS' TRANSACTIONS We have disclosed to you the identity of the entity's related parties and all the related party relationships and transactions of which we are aware and we have appropriately accounted for and disclosed such relationships and transactions. We have disclosed to you all transactions with directors of which we are aware and we have appropriately accounted for and disclosed transactions. We confirm that all transactions with related parties and directors were on an arm's length basis.
2. EVENTS AFTER THE END OF THE REPORTING PERIOD There are no adjusting events after the end of the reporting period that require inclusion or disclosure in the financial statements.
3. COMPARATIVE INFORMATION There are no restatements required to the comparative information presented in the financial statements. We have are not aware of any material misstatement in the prior period financial statements that affect the comparative information.
4. GOING CONCERN The considered view of the directors is that, after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue operations for the foreseeable future. We have confirmation of funding for 2024/25. Directors are not aware of any other events likely to occur in the twelve months following the date of approval of the financial statement5 that may impact on the company's ability to continue as a going concern. For this reason the directors continue to adopt the going concern basis in preparing the financial statements for the year ended 31103/2024. The directors have reached thi5 conclusion having regard to circumstances which they consider may occur during a period of at least twelve months from the date of approval of the financial Statements. Your5 faithfully, Bernie Cosgrove Director Harry McGill Director Chartered Accountants Ireland Under Licence by Chartered Accountants Ireland for use with Procedures for Quality Audit 2016