COMPANY REGISTRATION NUMBER: N1044974
CHARITY REGISTRATION NUMBER: NIC101549
West Bann Development
Company Limited by Guarantee
Financial Statements
31 March 2025
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 Ststements
Year ended 31 March 2025
Page
Trustees, annual report (incorporating the director's report)
Independent auditor's report to the members
Statement of financial activities (including income and
expenditure account)
13
17
Statement of financial position
Notes to the financial statements
18
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
38

West Bann Development
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
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 2025.
Reference and administrative details
Registered charity name
West Bann Development
Charity règistration number
NIC101549
Company registration number N1044974
Principal offlce and registered 8 Killowen Court
office
Coleraine
BT51 3TP
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
Siobhan Smyth
Tori Lowbridge
(Appointed 19 March 2025)
(Appointed 15 April 2024}
Audltor
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 Limitsd by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
Structure, governance and management
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 2nd 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 2025 are listed on page 1.
Organisational Structure
The West Bann Development Board of Directors meets bi-monthly and is responsible for the strategic
direction and policy of the charity. At present the Committee has 11 members from a variety of
backgrounds relevant to the work of the charity. There has been no change in management during the
reporting period and Angela Mulholland remains in the position of manager at West Bann Development.
Delegation
A scheme of delegation is in place and day to day responsibility ft)r 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 2025
Objectives 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 be￿een, community and
voluntary groups and organisations.,
An accessible early years, seniice, including training, support, signposting and ne￿Orking, for families
living in the area of benefit.,
Opportunities to foster good community relations and social cohesion and provide a platfom for the
civic voice.
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 succes5 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 contained in the Charity Commission's general guidance on public benefitwhen
reviewing our aim and objectives and in planning our future 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) fcontinued)
Year ended 31 March 2025
Objectives and activities fcontinued)
How our activities deliver public benefit
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 forthe 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 (2021) the population of the area
was recorded as 3,638 people.
Strategic report
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 of community need was undertaken during 2024 and a new Strategic Action Plan was co-
designed in May 2024 to incorporate years 2024 - 2027. 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 13 West Bann Development was
ft)rmed 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 2025
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 seNices 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 meetthe needs of the local labour
market. The programme has seen an increase in the delivery of courses, and we continue to work in
partnership with both the NRC and NWRC colleges to deliver accredited training for the benefit of the
community. We have also delivered in house training including both English and Maths and Pre-maths
classes. 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 of confinement and isolation manifest itself in the children's behavior and delayed
development. To supportthis endeavorwe provide onsite crèches as well as a weekly parentand toddler
group part funded by the Pathway Fund. Collaboration continues with Coleraine Sure Start Partnership
in the delivery of the DE Developmental 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. We are looking at extending our service provision in
September 2025.
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. Residents from the Causeway Coast and Glens area continue to operate their businesses at
the centre. The units are also a means of generating revenue for the organisation.

West Bann Development
Company Limitsd by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (Mntlnuedj
Year ended 31 March 2025
Objectives and activities (contlnued)
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 ft)r 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
ststements. 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 service, 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 users, mobility and re-engage with society. Clients have the opportunity to complete a 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 ￿]Ce 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 (BOTCHA) 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 network
Permits access to West Bann partner organisation services
Promotes community integration & independence instead of isolation

West Bann Development
Company Limitsd by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2025
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 of of life,. reducing the number of people with levels of stress related illnesses.,
promoting personal and social development- providing diversion via a complementary healing proces5
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 2nd work
with other groups for the delivery of programmes. We will be working in partnership with the EA moving
forward in 2026.
Provision of Facilities 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 Statutory, community and voluntsry
agencies. The West Bann Centre is a welcoming venue in the heart of the community and accessible
to the whole community. It provides a safe shared space for the utilisation of the Civic Voice.
Strategic report
The following sections for achievements and performance and financial review form the strategic report
of the charity.

West Bann Development
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {continuedJ
Year ended 31 March 2025
Achievements and performance
West Bann have seen a steady increase in engagement from local residents, parents and young people
during this reporting period. New programmes and projects that particularly focus on health and
wellbeing and educational attainment have encouraged new participants to use the centre. 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, all targets have been met. We continue to work hard to promote the
centre and all of our activities on offer so as to encourage residents to engage and participate in planned
initiatives. In an efft)rt to achieve this West Bann have redoubled their efforts to promote activities,
keeping residents informed of what is available at the centre through social media postings, email
campaigns and word of mouth as a means of encouraging residents to get involved. We are currently
seeking funding to re-design our web page and make it more attractive and user-friendly. The securing
of Tutors from the FE Colleges, particularly for essential skills English and Maths continues to be difficult
and presents a challenge at times when we have interest in the community for courses but can't secure
a tutor. We have been working closely with NRC, NWRC and Row Valley Residents Group to address
these challenges and we are delighted that we were able to facilitate these much-needed courses.
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. Most ofthe
volunteers making the calls continue to work from home. However, with new volunteers we are
encouraging them to attend the office and create a more team approach to volunteering. The coordinator
working from the Centre continues to recruit volunteers and liaise with Causeway Volunteer Centre,
local schools and churches, community groups and associations. We continue to see the demand for
the service increase and also have highlighted the need for a befriendingl home help service to
accompany existing home visits. Home visits to the elderly and vulnerable as part of the Connected Age
project aim to encourage clients 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) (continued)
Year ended 31 March 2025
Financial review
Dfc
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 allows the company to show
net surplus in funds for the year of (£15,122.39).
Dfc funding for the following three projects delivered by West Bann Development was secured for the
period April 2024 to March 2025, the Regeneration Project, Health and Well Being Project and
Churchlands Community Supporting Families through Learning Project. West Bann was the lead
organisation 2nd responsible for the funding for the Churchlands Community Supporting Families
through Learning Project (CCSFTL) which enabled the 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 if funding streams are lost or diminished. The manager has been
actively lobbying and engaging with the Department for Communities and West Bann also facilitated a
meeting with the Department for Communities, Minister Gordon Lyons in September 2024 to
recommend that further funding support was needed to accommodate the rise in the cost of living and
the living wage. Sure Start Funding from the Department of Education had also been secured through
Sure Start for the 202412025 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. West Bann received a small increase in this
funding stream from {18,000 to 24,000) for the programme for the 202412025 financial year. The rest
continues to be 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 (2022-20261 Connected Age project supports older people
across Causeway Coast and Glens 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 asse5S their needs and encourage and facilitate more social inclusion.

West Bann Development
Company Limited by Guarantee
Trustees, Annual Report {Incorporating the Director's Report) (contlnued)
Year ended 31 March 2025
Financial review (contlnued)
pcsp
The Policing & Community Safety Partnership continues to provide funds to allow diversionary activities
to be delivered. Activities for the elderly were also facilitated which gave the opportunity for messages
of reassurance to be delivered to alleviate any fears about PSNI availability in local areas.
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. West Bann Development sublets the hub unit to them. So, they are technically a
tenant. Bytes pays a member of the West Bann Youth team to work with Bytes to deliver local youth
activities utilising the West Bann youth HUB which is 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
The Department for Communities (capital)
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
Garfield Weston
Row Valley Residents Group (The Multiply Project)
PHA- The Clear Project
NSCHT
Awards For All (The Big Lottery)
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) (contlnued)
Year ended 31 March 2025
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 wou5d be able to continue the current activities of the charity in the event of a
significant drop in funding. The reserve target of £18,000 for the purchaselreplacement of Computer
Hardware and software is no longer required due to successful funding from the Department for
Communities and also a sum of £12,250 for replacement of the floor in the main community space will
also be covered by the Department for Communities in the future.
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 periods
The Charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory
funding arrangements and amend the action plan accordingly.
Trustees. responslbllitles 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) {¢ontlnued)
Year ended 31 March 2025
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.
Auditor
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 3 March 2026 and signed on
behalf of the board of trustees by=
Columb Henry
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 2025
Oplnion
We have audited the financial statements of West Bann Development (the 'charity'} for the year ended
31 March 2025 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 Standards, 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'5 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 auditorfs 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 2025 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.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing {UKI {ISAs (UKII and
applicable law. Our responsibilities under those standards are further described in the auditorfs
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 golng 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 twelve 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
(continued)
Year ended 31 March 2025
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
otherwise explicitly ststed 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 otheNise 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.
Opinlons 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 ststements
are prepared is consistent with the financial statements. and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are requirod to report by exceptlon
In the light of the knowledge and understanding of the 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
certain 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 Limitsd by Guarantee
Independent Auditor's Report to the Members of West Bann Development
(conlinued)
Year ended 31 March 2025
Responslbilities 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 of the 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 statements 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.
Auditor's responsibilities for the audit of the financlal 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 assurance 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 financial 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 financia5 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 interna5 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 auditor's
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
fcontinued)
Year ended 31 March 2025
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 28Y
3 March 2026
16

West Bann Development
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Restricted
funds Total funds
2024
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
Investment income
8,266
36,632
66,816
1,482
1,830
237,898
10,096
274,530
66,816
1,482
3,212
230,912
52,805
1,693
Total income
113,196
239,728
352,924
288,622
Expenditure
Expenditure on raising funds..
Costs of other trading activities
Expenditure on charitable activities
Total expenditure
18,042
128,564
27,083
189,691
45,123
318,257
38,525
286,104
10,11
146,606
216,774
363,380
324,629
Net expenditure and net movement in
funds
(33,410)
22,954
{10,456)
(36,007)
Reconciliation of funds
Total funds brought forward
Total funds carrled forward
72,460
791,047
814,001
863,507
899,515
39,050
853,051
863,507
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 19 to 32 forni part of these financial statements.
17

West Bann Development
Company Limited by Guarantee
Ststement of Financial Posltion
31 March 2025
2025
2024
Note
Flxed assets
Tangible fixed assets
Investments
17
18
20,063
775,812
7,654
775,812
783,466
795,875
Current assets
Debtors
Cash at bank and in hand
19
40,039
127,981
35,562
104,519
140,081
168,020
Creditors: amounts falling due within one year
Net current assets
20
17,592
150,428
25,072
115,009
898,475
Total assets less current liabilities
946,303
Credltors: amounts falllng due after more than one year
Net assets
21
{93,252}
853,051
(34,9671
863,508
Funds of the charlty
Restricted funds
Unrestricted funds
814,001
39,050
791,047
72,460
863,507
Total charity funds
25
853,051
These financial statements were approved by the board of trustees and authorised for issue on 3 March
2026, and are signed on behalf of the board by..
Columb Henry
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 forni part of these financial statements.
18

West Bann Development
Company Limited by Guarantee
Notes to the Financial Ststements
Year ended 31 March 2025
General infomiation
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 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting pollcies
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.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estlmation 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 orthrough
the terms of an appeal, and fall into one of Iwo sub-classes.. restricted income funds or endowment
funds.
19

West Bann Development
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Accounting policies f¢ontlnued)
Incoming resources
All incoming resources 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 ft)Ilowing 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 estsblished.
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 seNices 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 of the 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 forthe charity
nor part of its expenditure on charitable activities.
All 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
belween the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded atcost, 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 2025
Accounting policies (continued)
Tangible assets (continuod)
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
10 % straight line
10 % 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 are 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 property 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 property, 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.
Impairnient 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 (contlnued)
Year ended 31 March 2025
Accounting policies {continuedJ
Impairment of fixed assets (continuedj
For the purposes of impairment testr'ng, 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.
Flnancial 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 at the 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 Statements (continu8d)
Year ended 31 March 2025
Accounting policies (continued)
Flnancial instruments Icontinuedj
Other financial instruments are subsequently measured at fair value, with any changes recognised
in the statement of financial activities, with the exception 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 exceeds 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.
When 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
2025
Donations
Donations received
PCCT donation
8,266
8,266
1,830
1,830
1,830
8,266
10,096
23

West Bann Development
Company Limited by Guarantee
Notes to the Financial Statements (eontlnued)
Year ended 31 March 2025
Donations and legacies (continued)
un￿strICted
Funds
Restricted Total Funds
Funds
2024
Donations
Donations received
PCCT donation
1,712
1,712
1,500
1,500
1,500
1,712
3,212
Charitable activltles
Unrestricted
Funds
Restricted Total Funds
Funds
2025
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
Garfield Weston
The Clear Project
Awards for All
Causeway Coast & Glens BC
Job Start Scheme
Neighbourly
Coleraine Sure Start {2 year old programme}
NHSCT
Multiply l RVRA
Big Lottery I COAST
Deferred income for capital expenditure released
ESF - Learn to Earn
Boys and Girls Club
Police Community Safety Partnership
Bytes
28,124
28,124
8,508
8,508
62,310
2,925
62,310
2,925
64,164
64,164
{62,734)
20,000
15.000
3,003
586
3,500
19,708
500
65,571
150
2,376
25,150
13,887
(62,734)
20,000
15,000
3,003
586
3,500
19,708
500
65,571
150
2,376
25,150
13,887
1,000
802
1,000
802
36,632
237,898
274,530

West Bann Development
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Charitable activities (contlnued)
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
Garfield Weston
The Clear Project
Awards for All
Causeway Coast & Glens BC
Job Start Scheme
Neighbourly
Coleraine Sure Start (2 year old programme}
NHSCT
Multiply l RVRA
Big Lottery I COAST
Deferred income for capital expenditure 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
{59,747)
18,000
{59,747)
18,000
3,800
3,800
65,035
65,035
25,433
9,524
1,477
1,350
999
1,800
25,433
9,524
1,477
1,350
999
1,800
38,141
192,771
230,912
Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Fundraising events
Hall Rent
Board Room Rent
IT Suite Rent
Unit Rent
Catering Provision
Consultancy
Photocopying I Printing Services
7,156
5,642
1,913
1,536
19,970
1,580
28,951
68
7,156
5,642
1,913
1,536
19,970
1,580
28,951
68
22,006
(2,380)
96
19,413
1,173
12,138
359
22,006
(2,380)
96
19,413
1,173
12,138
359
66,816
66,816
52,805
52,805
25

West Bann Development
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Bank interest receivable
1,482
1,482
1,693
1,693
Costs of other trading actlvities
Unrestricted
Funds
Restricted Total Funds
Funds
2025
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
Insurance
Consultancy fees
Telephone and internet
Miscellaneous
Depreciation
Bank charges
Heating fuel
Postsge
Office stationery
Computer repairs and servicing
Computer software
Cleaning
10,746
442
175
15,357
1,109
399
26,102
1,550
574
1,129
164
851
88
2,712
188
178
152
439
1,129
2,253
1,269
1,573
3,679
1,330
178
2,090
439
949
283
213
392
915
205
2,089
418
1,485
967
1,142
1,938
949
289
166
192
532
51
(6)
47
200
383
154
18,042
27,083
45,123
26

West Bann Development
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Costs of other trading activities (continuedj
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Staff costs
Other trading activity 1- employer's 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 serwicing
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
10. Expenditure on charltable activitles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
West Bann Development Charity
Support costs
89,690
38,874
125,321
64,370
215,012
103,245
128,564
189,691
318,257
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
27

West Bann Development
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
11. Expenditure on charitable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2025
Total fund
2024
West Bann Development Charity
Governance costs
215,012
96,681
6,564
311,693
6,564
318,257
281,164
4,940
215,012
103,245
286,104
12. Analysis of support costs
Analysis of
5UPPOrt costs
activity 1 Total 2025 Total 2024
Staff costs
Premises
Communications and IT
General office
Finance costs
Governance costs
Insurance
Consultancy fees
Depreciation
62,826
10,859
5,870
1,533
977
6,565
1,773
8,189
4,652
62,826
10,859
5,870
1,533
977
6,565
1,773
8,189
4,652
48,052
11.026
6,013
2,943
1,154
4,128
2,296
6,772
2,113
84,497
103,244
103,244
13. Net expenditure
Net expenditure is stated after chargingl{crediting)'.
2025
2024
Depreciation of tangible fixed assets
6,742
3,063
14. Auditors remuneration
2025
2024
Fees payable for the audit of the financial statements
5,210
3,950
28

West Bann Development
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnued}
Year ended 31 March 2025
15. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2025
2024
Wages and salaries
Social security costs
Employer contributions to pension plans
212,765
8,801
4,479
199,539
8,481
4,294
226,045
212.314
The average head count of employees during the year was 14 (2024.. 13). The average number of
full-time equivalent employees during the year is analysed as follows..
2025
No.
2024
No.
Management
Administration & Support
Early Years
Good Morning Causeway
14
13
No employee received employee benefits of more than £60,000 during the year (2024.. 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.
17. Tangible fixed assets
Fixtures and
Creche
Office
IT
fittings Equipment Equipment Equipment
Total
Cost
At 1 April 2024
Additions
10,332
24,497
21,190
233
85,254
18,918
141,273
19,151
At 31 March 2025
10,332
24,497
21,423
104,172
160,424
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
8,402
443
19,671
881
21,016
138
84,530
5,280
133,619
6,742
8,845
20,552
21,154
89,810
140,361
Carrying amount
At 31 March 2025
1,487
1,930
3,945
269
14,362
724
20,063
At 31 March 2024
4,826
174
7,654
29

West Bann Development
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
18. Investments
Investment
properties
Cost or valuatlon
At 1 April 2024 and 31 March 2025
Impairnient
At 1 April 2024 and 31 March 2025
Carrying amount
At 31 March 2025
775,812
775,812
775,812
At 31 March 2024
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.
19. Debtors
2025
2024
Trade debtors
Prepayments and accrued income
Other debtors
35,334
405
4,300
40,039
34,266
105
1,191
35,562
20. Creditors: amounts falling due withln one year
2025
2024
Trade creditors
Accruals and deferred income
Other creditors
4,364
12,267
961
14,191
9,315
1,566
17,592
25,072
21. Creditors: arnounts falling due after more than one year
2025
2024
Trade creditors
Accruals and deferred income
70,637
22,615
15,915
19,052
34,967
93,252
30

West Bann Development
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
22. Deferred income
2025
2024
At 1 April 2024
Amount released to income
Amount deferred in year
At 31 March 2025
19,052
{13,887)
17,450
28,576
(9,5241
22,615
19,052
23. Pensions and other post retirement benefits
Deflned contributlon plans
The amount recognised in income or expenditure as an expense in relation to defined contribution
plans was £4,479 {2024: £4,294).
24. Government grants
The amounts recognised in the financial statements for government grants are as follows:
2025
2024
Recognised in creditors..
Deferred government grants due after more than one year
22,615
19,052
25. Analysis of charitable funds
Unrestricted funds
At
31 March 202
At
1 April 2024
Income Expenditure
General funds
Pre - incorporation unrestricted fund
3,248
69,212
72,460
113,196
1146,606}
(30,162)
69,212
39,050
113,196
(146,606)
Restricted funds
At
31 March 202
At
1 April 2024
Income Expenditure
West Bann Charity Restricted Fund
Buildings Restricted Fund
47,882
743,165
230,204
9,524
(216,774)
61,312
752,689
791,047
239,728
(216,774)
814,001
31

West Bann Development
Company Limited by Guarantse
Notss to the Financial Statements (Contlnued)
Year ended 31 March 2025
26. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds Total Funds
Funds
2025
2024
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
1,457
18,606
775,812
115,621
(2,785)
{93,252)
814,002
20,063
775,812
168,020
{17,591)
193,252)
853,052
7,655
775,812
140,081
(25,072)
(34,967)
863,509
52,399
(14,806)
39,050
27. Financial instruments
The carrying amount for each category of financial instrument is as follows=
2025
2024
Financial assets that are debt instruments measured at amortised cost
Financial assets that are debt instruments measured at amortised
cost
168,020
140.081
Financlal Ilabilities measured at amortlsed cost
Financial liabilities measured at amortised cost
17,591
25,072
32

West Bann Development
Company Limited by Guarantee
Management Information
Year ended 31 March 2025
The following pages do not fomi part of the flnancial statements.
33

West Bann Development
Company Limited by Guarantee
Detailed Ststement of Financial Activities
Year ended 31 March 2025
2025
2024
Income and endowments
Donations and legacies
Donations received
PCCT donation
8,266
1,830
1,712
1,500
10,096
3,212
Charitable actlvities
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
Garfield Weston
The Clear Project
Awards for All
Causeway Coast & Glens BC
Job Start Scheme
Neighbourly
Coleraine Sure Start {2 year old programme)
NHSCT
Multiply l RVRA
Big Lottery I COAST
Deferred income for capital expenditure released
ESF - Learn to Earn
Boys and Girls Club
Police Community Safety Partnership
Bytes
28,124
8,610
660
28,871
61,191
2,800
61,109
{59,747}
18,000
8,508
62,310
2,925
64,164
(62,734)
20,000
15,000
3,003
586
3,500
19,708
500
65,571
150
2,376
25,150
13,887
3,800
65,035
25,433
9,524
1,477
1,350
999
1,800
1,000
802
274,530
230,912
Other trading activities
34

West Bann Development
Company Limited by Guarantee
Detailed Ststement of Financial Activities (contlnued)
Year ended 31 March 2025
2025
2024
Fundraising events
Hall Rent
Board Room Rent
IT Suite Rent
Unit Rent
Catering Provision
Consultancy
Photocopying I Printing Services
7,156
5,642
1,913
1,536
19,970
1,580
28,951
68
22,006
(2,380}
96
19,413
1,173
12,138
359
66,816
52,805
Investment income
Bank interest receivable
1,482
1,693
Total income
352,924
288,622
35

West Bann Development
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2025
2025
2024
Expenditure
Costs of other trading activities
Wages and salaries
Employer's NIC
Pension costs
Rent
Rates and water
Light and heat
Repairs and maintenance
Insurance
Legal and professional fees
Telephone
Other office costs
Depreciation
Bank charges
Heating fuel
Postage
Office stationery
Computer repairs and servicing
Computer software
Cleaning
26,102
1,550
574
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
1,129
2,253
1,269
1,573
3,679
1,330
178
2,090
439
949
283
213
392
915
205
45,123
38,525
Expendlture on charitable activities
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 l exercise
Course expenses - early years
Course expenses - complementary therapies
Course expenses - community engagement
Course expenses - youth engagement
186,663
7,251
3,905
4,150
5,015
2,826
1,773
220
950
6,344
2,960
2,664
4,652
2,283
9,606
11,751
250
12,769
2,228
3,581
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
Carried ft)rward
271,841
257,322
36

West Bann Development
Company Limited by Guarantee
Detailed Ststement of Financial Activities (continued)
Year ended 31 March 2025
2025
2024
Brought forward
271,841
257,322
Course expenses - other
Creche expenses
Craft materials
Catering
Advertising
Training
Consultancy fees
Heating fuel
Postage
Office stationery
Computer seNicing & repairs
Computer So￿are
Cleaning
Donations
Bank fees
80
549
60
3,987
274
115
479
5,189
422
495
13,453
2,253
775
585
613
2,273
901
200
1,029
286,104
33,906
2,113
630
474
873
2,037
456
977
318,257
Total expenditure
363,380
324,629
Net expendlture
110,456)
(36,007)
37

West Bann Development
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2025
2025
2024
Costs of other trading activities
Rent. hire and providing services
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
Insurance
Consultancy fees
Telephone and internet
Miscellaneous
Depreciation
Bank charges
Heating fuel
Postage
Office stationery
Computer repairs and servicing
Computer software
Cleaning
26,102
1,550
574
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
1,129
2,253
1,269
1,573
3,679
1,330
178
2,090
439
949
283
213
392
915
205
45,123
38,525
Costs of other trading activities
45,123
38,525
38

West Bann Development
Company Lirnited by Guarantee
Notes to the Detailed Statement of Financial Activities (continued)
Year ended 31 March 2025
2025
2024
Expenditure on charltable activitles
West Bann Development Charity
Activities undertaken directly
Staff costs
Direct charitable activity 1 employer's NIC
Direct charitable activity 1 pension costs
Rent
Travel costs
Miscellaneous expenses
Printing
Course expenses - computer l educational
Course expenses recreational l exercise
Course expenses - early years
Course expenses - complementary therapies
Course expenses - community engagement
Course expenses - youth engagement
Course expenses - other
Creche expenses
Craft materials
Catering
Advertising
Training
Consultancy fees
128,565
3,801
2,627
4,150
950
2,234
2,283
9,606
11,751
250
12,769
2,228
3,581
80
99
60
3,987
274
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
25,717
215,012
200,921
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
Creche expenses
Consultancy fees
Heating fuel
Postage
Office stationery
Computer repairs & servicing
Computer So￿are
Cleaning
Donations
Bank fees
58,098
3,450
1,278
5,015
2,826
1,773
2,960
430
4,652
450
8,189
2,113
630
474
873
2,037
456
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
977
Carried forward
96,681
80,243
39

West Bann Development
Company Limited by Guarantee
Notes to the Detailed Ststement of Financial Activities (continued)
Year ended 31 March 2025
2025
2024
Brought forward
96,681
80,243
96,681
80,243
Governance costs
Governance costs - subscriptions
Governance costs - audit fees
Govemance costs - legal and other professional fees
220
5,360
984
140
4,745
55
6,564
4,940
Expendlture on charitable activities
318,257
286,104
40