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

11. 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.
12. 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.
13. 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.
14. 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