Company Number: N1030819
Charity Number: N1101854
Bogsldc & Brandywcll Initiative Ltd
(A company limited by guarantee)
Dlrcctors, roport and finan¢ial statements
for the year ended 31 March 2023

Bogside & Brandywell Initiative Ltd
(A company limited by guarantee)
Contents
Page
Legal and Administrative Information
Directors Report
Independent Auditors, Report
Stateinent of financial Activities
10
Balance Slieet
li
Statement of Casliflows
12
Notes to the accounts
13-20

Bogside & Brand)Trvell Initiative Ltd
(A company limited by guarantee)
Information
Directors
Catherine Pollock
Ann¢-Marie Gallaglier
Sean Mcmonagle
Terrence Crossan
Terry Lamberton
Anthony Brown
Jaires Mc Evor
John Lynch
Appointed 23111122
Secretary
Anne-marie Gallagher
Rcgistered office
The Gasyard Centre
128 Lecky Road
Derry
BT48 6NP
Company number:
N1030819
Chanty number:
XR22731
NIC101854
Auditors
McGroaty Mccaffety & Company
Accountants & Registered Auditors
2 Carli51e Terrace
Derry
BT48 6JX
Bankers
AIB (NI)
Meadowbank House
Derry
BT48 7Tr1
Solicitor
MacDerniott, McGurk & Partners
Solicitors
12 Clarendon Street
Derry
BT48 7ET
Page I

Bogside & Brandywell Initiative Ltd
(A company limited by guarantee)
Directors Report
The directors present their report and the financial statements for tlie year ended 31 March 2023.
Principal activity
The principal activity of the company in tli¢ year und¢r revi¢w is to ¢nhance the potential for social economic
education and well being creating a inore a¢tiv¢ coinmunity and environment.
Directors and their interests
Tlie directors of the charity for the purposes of charity law and throughout this report are collectively referred
to as the directors.
The directors serving during tlie year and since the year end were as follows:
Catlierine Pollock
Anne-marie Gallaglier
Terrence Cr055an
Terry Lamberton
Sean Mcmoiiagle
Antliony Brown
Jllines Mc Ivor
Johii Lynch
Appointed 23111122
Governing Document
Bogside & Brandywell Initiative Ltd is a company limited by guarantee governed by its Memorandum and
Articles of Association. It is a registered charity with tlie HM R¢venue & Customs.
Appointment of Directors
At the Annual General Meetiiig one third of directors resign in rotation and being eligible offer themselves
for re-election.
Risk Managomcnt
Tlie directors have a risk management strategy wliicli consists of establishing a syslem of identifying risks and
mitigating such risks.
Achi¢vomonts, Performance & Public Benefit
The Bogside & Brandywell Initiative Ltd engages in a resident led response based upon partnership and
collaboration, to tackle the environmental and social problems experienced across the Triax Neighbourhood
Renewal Area in order to establisli and sustain cleaner, safer and more attractive neighbourhoods.
The organisation is working exclusively for the local community, developing bespoke and creative
programmes and activities for those suffering multiple levels of deprivation to reverse decline and create
sustainable communities. Our mission is to do whatever it takes to incre&ge tlie capacity of residents in the
Triax area in order to enhanc¢ their social, economic and educational wellbeing including developing th¢
built environment.
The organisation will ensure residents have the inforn]ation, opportunity, resources and confidence to actively
participate in positively tr(insforming their own communities througli increased volunteering and engageinent,
and support for improved community and statutory partnerships and services.
Page 2

Bogside & Brandywell Initiative Ltd
Conliiiiied.....
Financial roview
The fiiiancial performance is suirmarised in tlie enclosed accounts.
Plans for Future Periods
Historically the main focus of work has been with Inember groups but over the coming years there will be a
greater focus on putting local residents at the heart of future projects.
It will ensure residents Iiave the infonnation, opportunity, resources and confidence to actively participate in
positively traiisforiniiig their own cominunities througli increased volunteering and engagement, and support
for iillproved coininunity and statutory partnerships and services.
It will endeavour to create a number of forums around community devices ensuring collaborative
interventions across the Neighbourhood Renewal themes tackling inequalities and disadvantages and building
social entcrprises as additional resources and opportunities for employment and training.
Divettors Rtsponsibilities Ih Relation To The Finattcial stateme￿t5
The directors are respoiisible for preparing the Aiinual Report and the financial statements in accordance with
applicable law and United Kingdom Accountiiig Standards (United Kingdom Generally Accepted
Accounting Practice). Colnpany law requires the directors to pr¢par¢ financial statements for eacli flnancial
year. Under company law tlie directors must not approve tlie financial statements unless they are satisfied that
tliey give a true and fair view of the state of affairs of the charitable company and of the incoming resources
and application of resources, including the income and expenditure, of the charitable company for that period.
In pr¢pariiig th¢s¢ financial stat¢inents, th¢ dir¢ctors ar¢ required to:
s¢le¢t suitable accounting policies and apply them consistently;
observe tlie methods aiid principles in tli¢ Cliarities SORP 2019 (FRS 102);
make judgements and estimates tliat are reasonable and prudent.
statc whether applicable UK and Accounting Standards have been followed. subject to any material
departures disclosed and explained in tlie financial statements;
prepare tli¢ fiiiancial statements on tlie going concern basis unless it is inappropriate to presume that the
harity will continue in business.
Tlie Board is responsible for maintaining proper accounting records tliat are sufficient to show and explain
the cliarity's transactions and disclose witli reasonable accuracy at any tiine the financial position of the
charitable company and to enable them to ensure that the financial statements comply with Companies Act
2006. Tl)e Board is a150 r¢spon5ible for safeguarding the assets of the charitable company and hence for
taking reasonable steps for the preventioii and detection of fraud and other irregularities.
In accordance ivith company law, as the company's directors, we certify that:
So far as we are aware, there is no relevant audit iiiforination of which the company's auditors are unaware.
and as tlie directors of the company we Iiave taken all steps we ought to have taken in order to make ourselves
aware of any relevant audit inforniation and to establish that the charity's auditors are aware of tliat
information.
Page 3

Bogsidc & Brand)ryvcll Initiative Ltd
Co171iniied....,
Auditor's
McGroarty Mccafferty & Company are deemed to be reappointed in accordance with Section 487 (2) of the
Companies Act 2006.
This report is prepared in accordance with the special provisions of part 15 of the Companies Act 2006
relating to small Companies.
The financial statements are approved and authorised for issue by the Board of Directors on 20 October 2023
and signed on it's behalf by;
Dlrector
or
Catherlne Pollock
An
Marie Gallagher
Page 4

Bogside & Brandywell Initiative Ltd
(A company limit¢d by guarantee)
Independent auditor's report to the directors of Bogside & Brandywell Initiative Ltd
Opinion
We have audited the financial slatements of Bogside & Brandywell Initiative Ltd for the year ended 31 March
2023 whicl) comprise the Statement of Financial Activities, the Balance Sheet, the Cashflow Statement and the
related notes. The financial reporting framework that has been applied in tlieir preparation is applicable law
aiid United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)
iiicluding FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
This report is made solely to the charitable company's directors, as a body, in accordance with Chapter 3 of Part
16 of tlie Companies Act 2006. Our audit work lias been undertaken so that we might state to the charitable
company's directors those matters we are required to state to them in an auditorfs report and for no other
purpose. To tlie fullest extent pennitted by law, we do not accept or assume responsibility to anyone other tlian
the cliaritable company and tlie charitable company's directors as a body, for our audit work, for this report, or
for tlie opinions wc Iiave fonn¢d.
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2023, and of its
iiicoming resourccs and expenditure of resources, including its income and expenditure, for the year ihen
have been properly prepared in accordaiice with United Kingdom Generally Accepted Accounting Practice;
hav¢ b¢¢n pr¢pared in accordance with th¢ requirements of th¢ Compani¢s Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those staiidards are further described in tlie Auditor's responsibilities
for the audit of the financial statements section of our report. We are independent of the charitable company in
accordance witli tl)e etliical requirements tliat are relevant to our audit of the financial statements in the UK,
including tlie FRC'S Etliical Staiidard, and we have fulfilled our other ethical responsibilities in accordance
with these requirements. We believe tliat the audit evidence we liave obtained is sufficient and appropriate to
provide a basis for our opinion.
Conclusions relating to golng concern
In auditiiig tlie financial statements, we have concluded tliat tlie directors, use of the going concern basis of
accounting in ilie preparation of the fiiiancial stateinents is appropriate.
Based on the work we liave performed, we have not identified any material uncertainties relating to events or
conditions that, iiidividually or collectively, may cast significant doubt on the charitable company's ability to
eoiitinue as a going concern for a period of at least twelve months from when the financial statements are
authoris¢d for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the
relevant sections of Iliis report.
Page 5

Bogside & Brand)Trvell Initiative Ltd
(A company limited by guarantee)
Other information
The dire¢tors are responsible foi the other infonnation. Tli¢ other information comprises the inforniation
included in the dir¢ctors' annual report, other tlian the financial statements and our auditor's report thereon.
Our opinion on tlie financial stateinents does not cover otlier information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection witli our audit of the financial statements, our responsibility is to read the other information and,
in doing so, consider whether tlie other infonnation 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 incoiisistencies or apparent material Inisstatements, we are required to detemjine whether there is a
material misstateinent in the financial statements or a material misstateinent of the otlier infomjation. If, based
on the work we have perfonned, we conclude that there is a material misstatement of this other infonnation, we
ar¢ required to report that fact.
We have nothing to report in this regard.
Opinion on other mAtters proscribed by the CompAnles Act 2006
Iii our opinion based on the work undertaken in the course of the audit:
Ilie information given in the Directors, Annual Report for the financial year for wliich the financial statements
are prepared is consistent ivith tlie financial statements; and
tlie Directors Annual Report lias been prepared in accordance with applicable legal requirements.
Matters on whieh we are requfired lo report by exception
In the light of our knowledge and underslanding of the cliaritable company and ils environment obtained in the
Course of the audit, we have not identified material misstatements in the Directors Annual Report.
We have notliing to report iii respect of tlie following matters where tlie Companies Act 2006 requires us to
report to you if, in our opiiiion:
adequate accounting records have not been kept; or
tlie financial statements are i)ot in agreement with ihe accounting records and returns; or
certain disclosures of directors, remui)eration specified by law are not made; or
we have not received all the infonnation and explanations we require for our audit; or
the directors were Iiot entitled to prepare tlie finaiicial statements in accordance with the small companies
regime and take advaiitage of the small compaiiies exemption from the requirement to prepare a strategic
report.
Re5ponsibllltles of tho directors
A5 explained more fully in the Directors, Responsibilities Statement set out on page 3, the director5 (who are
also tlie directors of the charitablc company for the purposes of ¢ompany law) are responsible for the
preparation of tlie financial statements and for being satisfied that they give a true and fair view, and for such
internal control as the directors detennine is necessary to enable th¢ preparation of financial statements that are
free froin Inaterial misslatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the cliaritable company'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 directors either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Page 6

Bogside & Brandywell Initiative Ltd
(A company limited by guarantee)
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain r¢asonable assurance about whether the financial statements as a whol¢ are free
rrom malerial misstatement, whether du¢ to fraud or error, and to issue an auditor's report that includes our
opinion. R¢asonable assurance is a high level of assurance, but is not a guarantee tliat an audit conducted in
accordance with ISAS (UK) will always detect a mat¢rial misstatement when it exists. Misstatements can arise
from fraud or error aiid 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.
ExplanatlOD as to what extent the audlt was consldored capable of detecting irregularitie5, including
fraud;
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in liiie witli our responsibilities, outlined above, to detect material Inisstatements in respect of
irregularities, iiicluding fraud. However, tlie primary respoiisibility for the prevention and detection of fraud
lies with mana&Fement and the board of directors of the charitable company.
Idontifying And assessing potentlal risks related to Irrogularitles
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and
non-coInpliance witli laws and regulatioiis, we considered ilie following..
tlie nature of Ihe industry, sector and tlie specific control environment which it operates in.
tlie charities own assessment of the risks tliat irregularities may occur, either as a result of fraud or error;
representations and results from our enquiries with management and the board of directors regarding tlieir
own identification and assessinent of the risks of irregularities;
enquiries of management relating to a¢counting estimates measurements, recognition criteria and justification
of such ainounts.
any mattors we Iiave identified having obtained and reviewed the Charities policies and procedures relating
to;
* identifying and assessing if laws and regulatioi)s are compliant and whether they are awa￿ of any iiistances
of iion-compliance.
* detection and response to the risk of fraud and whether they are aware of any actual, suspected or alleged
fraLid instaiiC¢S'
* ilie internal coiitrols designed to Initigate risks or fraud or non-coinpliance with laws and regulations, and to
minimise risk of management override5 of sucli controls.
all Inatters discussed ainong the audit engagement team regarding how and wliere fraud could occur and the
potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the charity
for fraud. Tlie audit included assessing the procedures and evaluating the measurement of estimations. In
coininon with all audits under ISAS (UK), we are also required to perform specific procedures to respond to the
risk of management override.
We also obtained an understanding of the legal and regulatory frameworks applicable to the charity and
onsidered that tli¢ most signifIcant are the UK Companies Act 2006, SORP 2019 (FRS 102) and Charities Act
(Northern Irelaiid)2008.
Audit responses to risks identified
Our procedures to respond to risks identifIed included the following".
Page 7

Bogside & Brandywell Initiative Ltd
(A company limited by guarantee)
r¢viewing the financial statement disclosures, testing the relevant documentation to assess complianc¢ with
tlie significant laws and regulations- those described as having a direct effect on the financial stat¢ments'
enquiring with maiiagement and obtaining third party confirniation from the Charities Solicitors regarding any
actual or potential litigatioii and claims;
performing aiialytical procedures to identify any unusual or unexpected relationships that may indicat¢ risks
of malerial misstatemcnt due to fraud;
reading Ininutes of board and management meetings, examine forecasting material in line with actual
pert'orinance, identifying any potential fraud indicators or instances.
reviewing Conipanies House and Charity Commisslon Northern Ireland correspondence, identify any late
submissioiis or oinissions of Inandatory inforniation.
review correspondei)c¢ with HMRC, identifying non compliance of specific infom)ation to be disclosed;
in addressiiig the risk of fraud through Inanageinent override of controls, testing the appropriateness of data
entries and adjustments; assessing whether the judgements made in making accounting estimates are indicative
of a potential bias; and evaluatiiig the rationale of any significant transactions Iliat are unusual or outside the
norinal course of the Charities objectives.
We also commuiiicated relevant identified laws and regulations and potential fraud risks to all engagement
team Inembers and reinained alert to any indications of fraud or noncompliance with laws and regulations
tlirougliout the audit.
As part of an audit in accordance witli ISAS (UK), we exercise professional judgment and maintain
professional sc¢pticism througliout the audit. We also:
Identify and ass¢ss the risks of mat¢rial misstatement of the financial statements, whether due to fraud or
error, d¢sign and perfonn audit procedures responsive to those risks, and obtain audit evidence tliat is suffIcient
and appropriatc to provide a basis for our opinion. The risk of not detecting a material misstatement resulting
from fraud is higlier than for one resulting froin error, as fraud may involve collusion, forgery, intentional
oinissioiis, misrepresentations, or tlie override of internal control.
Obtain an understanding of internal control relevant to tlie 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
cliaritable Coinpany's intcrnal control.
Evaluate tlie appropriateiiess of accounting policies used and th¢ reasonableness of accounting estimates and
related disclosures made by the direclors.
Conclude on the appropriateness of tlie directors, use of the going Concern basis of accounting and, based on
the audit evideiice obtained, wliether a material uncertainty exists related to events or conditions that may cast
significaiit doubt on the charitable company'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 tlie audit evideiice oblained up to the date of tlie auditorfs report. Hoivever, future event5 or
conditions inay cause the charitable company to cease to continue as a going concem.
-Evaluate tlic overall presentation, structure and content of the financial statements, including the disclosures,
and ivhellier tlie financial statements represent the underlying transactions and events in a manner that achieves
fair presentation.
Page 8

Bogside & Brandywell Initiative Ltd
(A company limited by guarantee)
We communicate with tliose charged with governance regarding, among other matters, tli¢ planned scope and
timing of tli¢ audit and signifi¢ant audit findings, including any significant d¢ficiencies in int¢mal control that
we identify during our audit.
Patrick McGroarty
Senior Statutory Auditor
For and on behalf of
McGroarty Mccafferty & Company
Statutory Audltor
2 Carlisle Terrace
Derry
BT48 6JX
Date: 20 October 2023
Page 9

Bogside & Brandywell Initiative Ltd
(A company limitcd by guarantee)
Statement of Financial Activities
for the year ended 31 March 2023
Unrestricted
Funds
Restricted
Funds
2023
2022
Income and Expenditure
Incoming Resources
Grants & Sundry Incoine
78,927
448,829
527,756
495,478
Tot#1 Inconiing Rosourees
78,927
448,829
527,756
495,478
Resources Expended
Managyement & Adininistratioii
89,459
455,524
544,983
464,846
Total Resources Expended
89,459
455,524
544,983
464,846
Nct Incoming l (Outgolng) Resources
(10,532)
(6,695)
(17,227)
30,632
Baliiiices brought forward l April 2022
148,867
35,748
184,615
153,983
138,335
29,053
167,388
184,615
Trai)sfers
Balaiices carried forward 31 March 2023 11
138,335
29,053
167,388
184,615
Tlie above ainoui)ts relate to contiiiuing operations of tlie company.
The coinpany has no recognised gains and losses other than those included in the results above and therefore
no separate statement of total recognised gains and losses has been presented. There is no difference between
the nct incoming resources for the year stated above and their historical cost equivalents.
Page 10

Bogside & Brandywell Initiative Ltd
(A company limited by guarantee)
Balance sheet
as at 31 March 2023
2023
2022
Notes
Tangible assets
81,721
90,543
Current assets
Debtors
Casli at bank and in hand
71,587
103,603
114,128
63,139
175,190
177,267
Current liAbilitles
Bank loans and overdrafts
Othcr creditors
Accruals
1,257
76,668
11,598
707
16,050
66.438
89,523
83,195
Net current assets
85,667
94,072
Total assets less current
liabillties
167.388
184,615
Reserves
Unrestricted
Reslricted
12
138,335
29,053
148,867
35,748
167,388
184.615
The financial statements are prepared in accordance with the special provisions of Part 15 of tlie Companies
Acl 2006 and the Cliarities SORP 2019 (FRS 102).
Tlie Financial Stateinents were approved and authorised for issue by the Board on 20 October 2023 and
signed on its belialf by
Director
Cathcrine Pollock
Director
Ann-marie
Date: 20th October 2023
Date: 20th October 2023
Registration No: N1030819
Page 11

Bogside & Brandywell Initiative Ltd
(A company limited by guarantee)
Statement of Cash flows
as at 31 March 2023
2023
2022
Net inLoming / (outgoing) resources for the year
Deprecialioii and iinpaimient
(Increase)I decrease in debtors
(Dccrcase)/ increase in creditors
(17,227)
10,721
42,541
6,329
30,632
1,824
(44,348)
53,754
Nct cash Inflow from operating activities
42,364
41,862
Capital expenditure
(1,900)
(49,047)
Increase in cash in the year
40,464
(7,185)
Reeonciliation of net cash flow to movement in net funds
Incrcasc in cash in tht year
Net funds at l April 2022
40,464
63,139
(7,185)
70.324
N¢t funds at 31 March 2023
13
103,603
63,139
Page 12

Bogside & Brandywell Initiative Ltd
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2023
Gcneral Information
The charity is a private limited company by guarantee, registered in Northem Ireland and a registered
charity in Northern Ireland. The address of the registered otTice is The Gasyard Centre, 128 Lecky
Road, Derry, BT48 6NP.
1.1. Accountlng conventlon
The principal accounting policies adopted in the preparation of tlie financial stateinents are set out
below and have remained unchanged from the previous year, and also have been consistently applied
witli in tlie same accounts.
Tlic cliarity constitutes a public benefit entity as defined by FRS102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to cliarities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland Charities SORP 2019 (FRS102), Charities Act
(Nortliern Ireland) 2008, and the Companies Act 2006.
The financial stateinents are prepared on a going concern basis under tlie historical cost convention,
modified to included certain items at fair value. The financial statements are presented in sterling
whicli is the functional currency of the charity.
Incom¢
All incotning resources are included in the SOFA when th¢ charity is l¢gally entitled to the income
and tli¢ amount cali be qualified with reasonable accuracy. The following specific policies are
applied to particular categories of income:
Voluiitary income is received by way of grants, donations and gifts and is included in full in the
statement of fiiiancial activities wlien receivable. Grants where entitleinent is not conditional on the
delivery of a specifi¢ performanc¢ by tlie charity, are recognised when the cliarity becoines
unconditionally entitled to the grant.
Donated services and facilities are included at the value to tlie charity where this can be quantified.
Tlie value of services provided by volunteers has not been included.
Gifts doiiated for resale are included as incoming resources within activilies for generating funds
wlien they are sold.
1.3. Resources expended
All expendilure is accounted for on an accruals basis as a liability is incurred and has been Classified
under lieadings tliat aggregate all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for ils beneficiaries. It includes both costs that can be allocated directly to sucli activities and
those costs of an indirect nature necessary to support them.
Page 13

Bogside & Brandywell Initiative Ltd
(A company limited by guarantee)
Notes to the accounts
for the ycar ended 31 March 2023
1.4. Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtlierance of the general
objectives of tlie charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or wliicli have been raised by tlie charity for particular purposes. The cost of raising and
administering sucli funds are chargcd against the specific fund.
1.5. Tangible fixed assets and depreciatlon
Tangible fi,xed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each
asset over its expected useful life, as follows:
Laiid and buildings
Office Equipment
Equipmeiit
Motor vehicles
20/0 Straight Line
150/0 Straight Line
15 % Straight Line
20 1 Straiglit Line
1.6. Cash g4t bank and In hand
Casli and cash equivalents include ¢asli at bank and in hand.
1.7. Debtors & creditors
Debtors and creditors wilh no stated int¢r¢st ratc and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairnient are recognised in expenditure.
1.8. Penslon costs
Contributioiis to auto enrolment pension schemes are recognised as an expense in the period in which
tlie relaled service is provided.
1.9. Going eonccrn
The finaiicial statements liave been prepared on a going concern basis as the directors believe that no
material uiicertainties exist. Tlie directors have considered the level of funds Iield and the expected level
of incoine and expenditure for 12 months from authorising these financial statements. The budgeted
income aiid expenditure is sufficient with the level of reserves for the charity to be able to continue as a
goiiig concern.
Page 14

Bogside & Brandywell Initiative Ltd
(A company limited by guarantcc)
Notes to the account5
for the year ended 31 March 2023
Inconie
2023
2022
Restrlcted Income
Tlie Executive Office
Department of Justice
KNIB-Live Flcre Love Here
CIPP-Better Togetlier Project
Dept of Justice - Arch
Big Lottery Awards for All
Commuiiity Food Initiative
Derry & Slrabaiie District Council
Dfc-job Start
Iri-Peace Walls
Department for Communities
DFC Tus Maitli Project
1,500
1,833
500
8,725
1,000
535
7,679
22,825
8,765
61,185
6,511
97,500
169,485
93,325
91,392
209,415
90,266
448,829
423,612
Uhrestricted Income
Donations & project income
78,927
71.866
78,927
71,866
Totol Income
527,756
495,478
(i)
Restrlctcd Funds
Funds received wliich are earniarked by the Funder for specific purposes. Such purposes are within the
overall aims of tlie organisation,
{11) Unrestricted Funds
Funds wliich are expendable at the discretion of the company in furtherance of the aims of the charity.
In addilion funds may be Iield iii order to finance capital investment and working capital.
Page 15

Bog5ide & Brandywell Initiative Ltd
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2023
Resources Expended
Unrestri¢t¢d
Funds
Restricted
Funds
Total
2023
Total
2022
Management & Administration
DFC Project expenses
Peace IV project expenses
KNIB Live Here Love Here
IFI Peace Walls Project
Dept of Justice - Arch Project
Department of Justice project
Depreciatioii on vaii
DFC-Job Start
Community Food Initiative
Big Lottery-Awards for All
The Executive Office Project
DCSDC expeiises
Sundry Account expenses
Tus Maith project
169,485
,742
169,485
8,742
172,576
503
90,661
1,000
97,477
97,477
1,833
7,368
6,511
1,833
7,368
6,511
7,679
535
8,792
1,500
60,633
8,792
1,500
60,633
89,459
93,183
22,825
79,283
89,784
89,459
93,183
89,459
455,524
544,983
464.846
Net Incoming Resources
2023
2022
Net incoming resources has been arrived at after charging.
Audit r¢inun¢ration
Depreciation
3,600
10,722
1,824
Page 16

Bogside & Brandywell Initiative Ltd
(A company limited by guarantee)
Notes to the accounts
for the ycar cndcd 31 March 2023
Employees
2023
2022
Wages and Salaries
Pension costs
365,544
12,810
358,824
14,821
378,354
373,645
No einployees received emoluments of more than £60,000 (2022: None).
Tlie directors, neitlier received nor waived any emoluments during the year (2022: None).
Number of employccs
2023
Number
2022
Number
The average Inonthly iiuinbers of employees during the year, calculated on
tl)e basis of full tiine equivalents, was as follows:
16
16
Auditor's remuneratio
The auditor's remuneration amounts to an audit fee of £3,600 (2022 - None).
Taxation
As a Gliarity, Bogside & Brandywell Initiative Ltd is exempt from on incoine and gains falling
within section 505 of the Taxes Act 1988 or s256 of tlie T￿atIOn of Chargeable Gains Act 1992 to
tlie extent that these are applied to ils chargeable objects. Accordingly, no t￿ cliarges have arisen
in tlie cliarity.
Page 17

Bogside & Brandywell Initiative Ltd
(A company limited by guarantce)
Notes to the accounts
for the year ended 31 March 2023
Tllngible assets
Land and
buildings
Office
freebold Equipment Equlpmcnt
Motor
vehicles
Total
Cost
At l April 2022
Additioiis
57,000
8,000
88,395
51,689
1,900
205,084
1,900
At 31 Marcli 2023
57,000
8,000
88,395
53,589
206,984
Dcprcei#tion
At l April 2022
Cliarge for ilie year
14,820
1,140
8,000
84,521
684
7,200
8,898
114,541
10,722
At 31 March 2023
15,960
8,000
85,205
16,098
125,263
Nct book values
At 31 March 2023
41,040
3,190
37.491
81,721
At 31 March 2022
42.180
3,874
44.489
90,543
Debtors
2023
2022
SLiiidry debtors
Other debtors
70,256
1,331
114,128
71,587
114,128
Croditors: amounts falling due
within one year
2023
2022
Taxes and social security creditor
Bank loans and overdrafts
Other creditors
Deferred inconie (Note l O)
Accruals
14,013
1,257
2,789
59,866
11,598
6,699
707
9,351
66,438
89,523
83,195
Page 18

Bogside & Brandywell Initiative Ltd
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2023
10.
Deferred Income
2023
2022
Balance at l April 2022
Additions during the year
Amounts released to income
9,351
(518,046) (432,963)
448,829
423,612
Balance at 31 Marcli 2023
59,866
9,351
Income has been deferred as income was received before the end of the financial year 31 March 2023
and relates to post year end expenditure.
11.
Movements In Funds
At
l April Incoming Outgoing
2022 resources resources TrAnsfcr
At
31 March
2023
Restricted funds:
Total restricted funds
35,748
448,829 (455.524)
29,053
Unrestricted funds:
Total unr¢stricted funds
148,867
78,927
(89,459)
138,335
Total funds
184,615 527,756 (544,983)
167,388
Purposes of Restricted Funds
Restricted grants awarded to the charity is provided to cover the core objects.
12.
Analysis of nct assets between funds
Unrestrlcted Restrictod
funds
funds
Total
funds
Fund balances at 31 Marcli 2023 as represented by:
Taiigibl¢ fiA¢d assets
Curreiil assets
Current liabilities
50,350
31,371
93,838
81,352
(5,853) (83,670)
81,721
175,190
(89,523)
138,335
29,053
167,388
13.
Cash ¥?nd Cash Equivalents
2023
2022
Casli at bank and in hand
103,603
63,139
Page 19

Bogside & Brandywell Initiative Ltd
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2023
14.
Related Party Transactions
There was no related paty transactions in the year under review.
15. Llmited by Guarantee
The coinpany is limited by guarantee and does not have a share capital.
Controlling Interest
16.
Controlling interest rests With the Board of Directors.
17. Post Balanco Sheet events
No significant events have taken place since the year end that would result in adjustments to 2023
financial inforination or inclusion of a note thereto.
Page 20