Charity Number.v NIIOI891 Noighbourhood Management Team Limlted (A company limited by guarantse) or the year ended 31 Marth 2025
IA conyny Ilmlted by guarantee) Contents Legal and Adminis£f4tive toformation Directors,Report tndependent Auditors. Rq)o£t Statement of Fmancial Activities 10 Ba[all Sheet Statemeni of Cathfiows No*s to the arcounts 13-20
(A eompany Ifmited by guarantee) tormgtton Catherine Pollock Anne-MarAe Gallagher Sean M¢Monasle TenYn¢e Crossan Terry Lamberton Anthony Brown James Mc Evor John Lynch Eddie Brcslin R&yrnond Brown Karen Cunningham Louise Ann Kilkie Oonagh Quigg Resigned 2?J08124 Resigned 2210WA Resigned l IAJ9125 Appoinred ?1108r24 Appointed 22108124 Appointed 22108124 Appointed 30109124 Appoinied 30109124 Secretyry A[e-marie Gallagher Registered ofiee The Gasyatd Centre 128 Lecky Road Detry BT48 6NP Company numbe N1030819 Charity nurnber. XR22731 NIC101854 Auditors McGroatry Mccaffety & Company Aceountants & Registered Auditors 2 Carlisle Terrace BT48 6JX Bankers AIB (ND eadowbank House Delry BT48 7TN Sollators MacDernioru M¢Gurk & Partners Solicitors l2 Clarendon Street De BT48 7ET Page I
(A company limited by guarantee) Directors Report Thc direccors pr¢s¢nr their r¢port and the financial srarements for the yeeDded 31 March 2025. Prin¢ipal activity The principal activiry of the mmpany in the year under review As to enhance the potential for social economic educatioA and well bcing creating a active community and environmenL Dlrectors and their interests The directors of the Charity for the purposes of ¢harity law and throuJout this tepon are colleaively refered co as the directors. The directors serving during the year and since the year end were a5 follows: Catherine Pollock Anne-marie Gallagher Terren Crossan Resigned 2218124 Resigtted ?J8r24 Sean Mcmonagle Anthony Brown James MG Ivor John Lynch Eddie Breslin Raymond Brown Karen Cunningbam Oonagh Qui Louise Ann Kilkie Resi.aned 11109r25 AppOind ? J? 08D4 Appointed ?2108n4 Appointed ??108124 Appoinied 30109124 Appoiftted )01091?4 Neigbbouthood ManagementTeam Limited is a company [itnid by guJnme.ooverned by its Memor4ndum and Anicles of A&wciation. It is a regisred chity with the HM Revenue & Customs. Appointment ofDireetors At the Annual GerteraI Meeting one third of direcCor5 Ign in rotation and being eligible offer th¢mselves for redection. Risk Management The dit0¢S have a risk man4oemen( sfdte.ry which consists of establishing a Sys of identifying risks and Eniti8ating such risk5. Achievements, Perfomance & Publlc Benefit Neighbourhood Management T&1 Limited eneS in a resident led response based upon parlnership and collabornrion. to Mckie the environmental aod social problems experAen¢¢d a¢ross the Triax Neighbourho(Ml Renewal Are& in order to establish and susraiTh cleaner, safer and more atlractive neighbourhoods. Thc orwdnisation is workiog exclusively for the local community, developing b¢spoke Emd creative programmes and activities for those suffering multiple levels of deprivallon fo reverse decline and crvaie sustainable communities. Our missioft is to do whatever it takes (o increase (he capacity of residents in thc Tri&x area in order to enhance thetr social, economic and educaiional wellbeing includinc developing the built environment. Page 2
eighl)ourhood Managenxnt Team Limited The organisotion will ensure Trsidents have the inforn)atiOJL oppOrlty, tesource5 and confidence to a¢tively participate in posiuvely trJnsforniing their own communiti&% through Increased volunteering and engagemenL aod support for itnproved community and sLutory partrerships #nd services. The financial Ferformance IS sun)md in the endosed accounts. Hans for Future Perio(ts Historically the main focus of work has been with member groups bul over the comillg ytrars there will be a focus on putting locat residents at the hellrt of tte projects. It will ensure residents have the Énformation. opportunity. resourc&s and confidence co actively pEwticipate in Positively transfornLillg their own con]munities tl)rough increased volunteerintr and enoatremen( and support for improved communiry and statutory partn51p5 and 5ervice5. It will elldvavour 10 create a number of FOrun around corntnunity devices enxuring collaborntive interventions acros5 the Neighbouthood Ren¢wal th¢mes tackling inequalities and disadvantage5 and buildius sociul enterpriw as additional resources and opportunities ftiremployment and training. Dlrectors Responsibilities tn Relation To The FiDancial Statements The dtrectors are resp)nsible for prepating the Aonual Report and the financial statements in accordance with applicable law and United Kin8dom Accounting Standards (United Kingdom Genernlly Accepted Accounting Prnctice). Company law r¢quitcs thc director5 to prepltre fjnllnciai statsments frir each ffftaocial year. Under company law the direcrors musr noi approve the financial .staternents Unless they are satisfied that they give a true and fair view of the stnte of affairs of the Chl12ble company and of the incoming resources and application of resources, including the income and expenditur< of the charitable eompuny for that petiod. PLeparing these financial statements, thedir¢c¢otB are required to: - select suicable accounting policies and apply them consisntly: - obserye (he method5 and principle5 in the Charities SORP ?019 (FRS 102): - make judgernents tLnd estimates are reasonable and prudent; stare whether applicable UK and Accounting Siandards have been followed- Subject to any material depar(ures disclosed and explained in the financita siatements. - Ihe hnancial statements on the ooino concern basis unless it is inappropriate to presume that rhe chariry will continue in business. The Board i5 respotLsible for maintaining proper aecounting rccords that arc sufficient to show and explain the charitys transactions and disclose with r&nable accuracy ut ally titnc the fanCIaL position of ttLe charitable company and to enable them to ensure that the fillancial statements comply with Companies Act 7006. The Board is also responsible for safeguardtng the Lssets ofr the charitable company and hence for taking reasonable steps for the pr¢vcntion and (ktection of fraud and other Ieoularlttes. Page 3
Nelghbt)urhood Management Ten Llmlted Continued.-. tn accordance with company law. &% the CoMpanS directors, we certify that: So far &s we are awa, there is no rel¢van¢ audit inforniation of which the company's auditors are unaware: and as the directors of the company we have taken all steps we ought co have raken in order co make ourselves awatE of any relevani audit infotmation and to estsbJi5b that the charitys auditors awa of that infonnation. Audltor's McGroarty MGCaffcrty & Company are deemed Co be reappointed in 1cordanCe with Section 4&T (2) of the Companies Act 2006. This ryort is prepared in 4ccordance with the special provr5ion5 of part t5 of the ComE)anies Act ?006 relaiing to s11 compani&s. The financr it's behalf taternents are approved and auth0ri5ed for isslle by the Board of Directors on and Slgned on Director ctor LTfrI Page 4
NelghboDrho(Kl Mallagement Team Limited (A lited by guarnntee) Independent audttor's report to the director5 of Neighbour1MM Management Team Limited Opillion We hav¢ audited the financial 5(atements of Neighbourhot managellnt Team Limired for Ih¢ y¢ar ended 31 March 2025 which comprise the Statement of Financial Activities. Balan SheeL Cashflow Statement and dle related notC5. The financial reporting framryork that has been applied Tn rheir preparation is applicable law and United Kintrdom Accountins Standard5 (UniteA Kingdom G¢nerally Accepted Accounting Practice) includAng FRS 102 "The FianCial Reporting Standard applicable in the UK tmd Republic of Ireland". This reporc is made sokly ro the charitable company's dirtors as a body. in accordallce with Chapter 3 of Part 16 of the Companies Acc 2006. Our audit work bas been undertaken so that wc might state to the Ch1¢1ble compan5 ditectors those matters we are required lo sta* to them in an auditofs report and for no other purpose. To the fullest extent pemiittrd by law. we do not accept or assume responsibility (o anyone other than the charitable ¢otnpany and the cbariuible CoMpanS directo a body, for our audit worL for this worL or for the opinion5 we have fornied. In our opinion the financial stitcrnents: - jve a we and fair Yiew of the state of the chatitable companys affai as at 31 March 2025. and of its incornin(r resources and expenditure of resouKes, (ncluding its incoEne and expendiwre, for the year then - have been properly ptrparcd in aeeordance with Untted Kingdom Generally Acc¢p¢¢d Accountino Practice: - have bceD prepared in accordance with the reqllirements of the Companies Aci ?006. Basis for opinion We conducted our audit IA accordan with International Srandards on Auditing (UK) USAS (UK)) and applicable law. Our SponsIbl11tieS under those standards are further described in the Auditofs responsibilities for th¢ audit of the financial slatements Stion of our reEkn. We are independent of the charirable company in accordance with the ethical requirements that are Rlevant to our audit of the financial staTrmenis in the UK. includAng the FRC'S Ethical Standard. aDd we h&ve fiJAfllled our other ethical responsibilities in accordance with these requirenLents. We believe that the audit evidence we have obrained is sufficient and appmpriaE to prnvide a bL8iS for our opinion. Contlusions rejatfng to golng concern tn auditino the financial statements. we bave concluded thar the dircctors. use of the going concern b&sis of accountinLv in the preparation of the financial statements is appropriate. Based on the work we have perforrned. we have not identified ally ma(erial uncertainties rellltincr to events or conditions thaL individually or collectively. may cast 5ignifirant doubt on the charitable compan5 abAEiry ¢0 continue as a going Collcern for a peLiod of ot least twelv¢ months from when thc financial 2itaternents 4W¢ authorised for issue. Our re5ponsibiliu¢s and the responsibilities of thc directots with respect (o going concern are described in the relevant sections of this reporL Page 5
Nelghbourlud Management Team Lirnited (A company linthed by guamtee) Other IDformthtion The directors are responsible for the other infonnation. The other infonnauon comprises the inforniation included in the dirxtors. annual reporL other thon the finaocial siaternents and our auditoEs rert thereon. Our opinion on the financial statements does not cover other InforntiOn an(L except to the extent otherwise explicitly stated in our ffpoo w¢ do not express any form of assurdnce conclusion thereon. tn connection with ow audit of the finall slatelln our responsibility is 10 read the othcr infornlation and. in doing so. consider whether the other inforn]ation is MatlaIlY inconsistent with thc fllwicial statements or our knowlcdue obtained in the audir or otherwise 4)peats to be mar7a11Y mi55tate(L If we identify such material inconsisrenctes or apparent matetial misstaiemcnts. we are required to deterniine whether there 15 a material 1ni55tateCnt in the ffnancial statemeuts or a material misstatement of the othcr infomiation. If. bas¢d on the work we have performed. we conclude thai (here is a material misstatetnent of this other inforn]ation. we are required to port that fact. We have nothing to report ITr this LIard. Ophjion on other matters prÉsenlJed by the Companies 2006 tn our opinion based on the work undert&ken in the course of the audi - the infornmtion given in the Dir¢ctors' Annual Report lor lh¢ financial ycar for which the fin4n¢iaJ statements are prepared is consistent with the financial statements: and - the Direaors Annual Report has been prepaffd in accordance with applicable le47ol requirements. Matters on whlth we arE requittd to report by arylion In the light of our knowledge and understanding of the ¢haritabk Collbpany and its environment obrained in the ursc of the diL we have not Tdenufied material misstatements in Directors Allnu RepoTL We have nothing to report in rcspcct of the following motr¢rs whcre the Companies Act 2006 requires us to report to you if. in our opinion: - adequate 2ccountino records have not been kept; or - tILe financial Staternen are not in agreernent with the aceouniing records and return5." or - certain disclosuRs of direcror8' remunerncion specified by law are not made; or - we hive not e1Ved all the infonnation and expkniations we tequire for our audit; or - the directors werB not entitle(L lo prepare the fllKmcial statements in accotdance with tbe mall companies rewie and take Vantage of the ssnall Companies exernption frouL the requirem¢ni to prepare a sIrate¢ repotL RespoDsibiIiti of the directors As explained more fully in the Directors. Responsibiliti&s Staiem¢nL the directOf5 (who are also the directors ol the charirable company for the purposes of company law) are Tcsponsible for the preparnrion of the financial statements and fi)r being sati5fi¢d that they give a true and fair view. and for Such internal control as the directors deterniine is necessary to enable the preparation of flluwial starements that are free from material missiatement, whether due to fraud or error. In prepariog the finallcial st&fgm¢nts. the directors JTr sponsIble for assessing tILe charttable wmpany's abiEity to continue as a .(yoing concern. disclosino as applicable. matters Telaied ts ¥oing concern and using the going concern basis OF accounting unless the directors either intend lo liquid& the charitable company or to cea5¢ operntions. or havc no reaEistic ternatiVe but ro do so. Page 6
Neighbourbood Managallent Tewn Limited (A compaDy ]Imfted by guarantee) Auditor's rWn&uitieS for the audit of the fjnandal th£ements <)Jr objectives are to obtain rvdsonable 4wurJnce about wlLether th¢ financiaI statrnents as a whole are [e from matctiai misstaternent, whether due to fraud or error. and to issue an ouditor's report thot includes our opinion. Reasonable ns5urnnce is a Ellgh l¢vd of assurall. but is aol a guarantce that audit conduct&J in accordance with ISAS (UK) will always detect a tllaterial misstalen]eni when Èt exists. Mi5Statcments Can aTtse from frnud or error and are considered nJateria] if. individually or En the agsrega. they couÈd reasonably be expected to influence the economic decisions of users taken on the b1$ of th¢se financiaL sMtemeT)ts. Explanation as to what ellt the audit consldered eapgble of detecting irregulariti&% indudlng I¢Sull[lUeS, includin(F fraud, instan¢&s of nonacompliance with laws and regulauons. Wc design pnjcedures in line with our responsibilities. ouriined abov& to detect material missratements in Irspect of irre4yu1arlti includins frnud. However. the primary sPOnsIbl11ty for the prevention and detection of fraud lie5 with management and th¢ bo9 of directors of the charitable company. Idenlifying and assessing potential risks related to irregUl7t[eS In identifying and assessing risks of n]arerial misstaternent in wecc of irreglllaritie5, includinir fraud and non-compliance with law5 and regulations, we considered the following: - th¢ nature of the industry, sc¢tot and the specific control environment which IL operates in. - dL¢ cbJ£ities own assessmenl ol the tisks that irregularities nMy occur. either a rcsult of fraud or errnr. . repreSenlOnS and results from our enquiries with rnaTragernent and the board of direcrors regardins their own identificaLion and a55eS5ment of the ris. of irregu]arities." - enquiries ot management reiafing to accounting estimates measurements, recognition criteria and justification of su¢h anllts. - any matters we have identtfied having obtained and reviewed the Charities policies and procedure5 rclating • identifying and asse55intr if laws w)d regula(ion5 ar¢ mPlIant and whether they arc aware of any instan¢es of non-cornpliance: * detection and respon5¢ to the risk of fraud and whether they aware otr my actuaL suspecceA or alleged fraud instances: * the inrernal ¢ontrols desi.ulled to mitigaEe risks or fraud or non4ompliance with laws and regulations, and to minimise risk of tnanagemeni overrides of such controls. - all ma(rs discussed amijng the adi1 engag¢m¢nt Leam regarding how and where fraud could occur and the poteniial tndicators of fraud. A5 a result of these procedures, we considered the opportunities and incentives that may extst within the charity ror frau(L The audit included assessing the PLDcedures and evaluating the measurcmcnt of e51imations. tn common with all audits under ISAS (UK). we are a150 required to perforni specifAC PD)cedures Kspond to the risk of uwiagement override. We atso obtained an under5(anding of the legal and regulatory frnmeworks applicable to the d)arity and Considered that the most Sfignificant are the Companies Act 2006. SQRP 2019 (FRS 102) and Charxties Act (Northern Ir¢land)2008. Audit responsts to risks ideDtiffed Our pro¢¢dures to SpOnd to risks idenrified included the followin4y: Page 7
Neighbourhood MaD&gement Team Limited {A eompany lkn)Ited by guarantee) - reviewing the financial stafrment disclosures, testing the relevant dnentatiOry to assess compliance with the significant laws and regulations - those described having a direct effect on the financial statemen. - enquiring with rnanagcmcnt and obtaining third party confirniation from the Charitics Solicitors regarding any actual or porenttal litigation and clairtjs: - perfoLlllillO analytical procedures to identify any unusual or unexpected lationShIpS may indicate risk5 of rnateti 15statement due to frdud. - readinff minufr8 of board alld maDagerneAt meetings examlne fOre&ting material in line with acth fornLwe. ideotifyillg 8lly Potenuai fiJud indicators or instances: - reviewtng Companies House and Chuity Commission Northern Treland coSpondenCe. idenrify any la submissions or omissions of rnandory inforniacion; - VIeW coespOndence with HMRC. identifying non cornpliance of specific infornuuon to be disc]osed: - in addressing the risk of frdud through manaoement override of conrrols. testing the apprDpEianess of data entries and adjustments". a$Sillg whether the judgements made tn making accounting estimates are indicative of a tx)tential bi&%". and evaluating the rnuonal¢ of any sionificant t[all&tionS that are unusual or outside the llorn course of the Ch2riues objeciives. We also cornrnunicated reLevant identified law5 and re.tatiOnS and potenti frdud risks to all engagement team members and remoined alert any indicaiions of fraud or noncompliance with law5 and regulalions (twoughout the audiL As parl of an audit in accordance with ISA5 sK). we exercise professional judgment and maintain professional scepricism doughoUt the audit. We also: - Identify and assess the ri5k5 of materiol misstatemenr of the financial statements, whether due to fraud or ern)r. design and perforn] audit procedures rcsponsive co those risks. and obtain uudit evidence thai is sllfficient and appropria co provide a bLqis for our opinion. The risk of not detecting a material tniSstatellTht resultia- from fraud is bigher than for one resulung from error. os fraud may iovolve collusion, forgcry, intentional omissions. misrcptcscntations. or the oveide of intemat control. - Obtain an understandiog of internal control Rlevant to the audit in order to audit procedures that are appropriate in the C2rcunCg5. but not for the purpose of expr1 opinion on the effectiveness of the charitable company's iniernal control. - Evaluate Ihe appropriateness of accountin policies used and the reLsonablelle55 of accounting ebtiUM*5 and related disc105ufBS made by the directors. - Conclude on the appropriateDe5s of the directots, of the going concern basis of accounting an bascd on the audit evidence obiaine¢ whether a materilll uncertllinty exists related to events or conditions that may cast significant doubt on the charitable company's llbilily lo continue ls a ooing concern. If we conclude that a aferial un¢2nainty exists. we are required to drnw attention in our audiLor's report to the related disclosuS in the finonciat stalem¢nts or, if such dlsdosur are inadequat4 to ndify our opinion. Our conclubions are based on the audit evidencc obtained up lo the date of the auditorfs reporL However. fuWTe events or coDditions may cause the charitable company to cease to continue as a going wncern. -Evaluaie the overall presentation. structure and content of the financial statements. iarluding the disclosu. and whether the Finartcial sthtements repres¢ni th¢ und¢rly(Dg tranSalOnS and events in a manner that achieYe5 fair presenmion. Page 8
(A company lTrlted by guarantee) We commlCate wtth those chty with .4Vernlle Trgording. am(mz ¢)ther matters. the planned scope tsming of the audit and signifitrant audtt findin85. includiny any siLvnificant defictencies in internal Control that we Idtify dutlng our audiL Patrlck McGroarty Senior Statutory Aryditor For and on bebalf or McGroarty Mccatferty &c Company 2 Carlide Terrace BT48 6JX Page 9
Yleigknbourhood Management Team Lmnited (A aimp4ny limited by guarnmtee) Statement of FtDaDdal Actfvities for the yrar ended 31 March 21125 Funds Fuvds 2025 2Q24 Grants & Sundry tncome 88.978 547.987 636.965 573.044 88.978 i47.9S7 636.965 573.044 R&¥ources Expended 91.966 555.442 647.408 595,398 91.966 555.442 647.408 595.398 Net kncomingl (Outgolng) Resources (1988) (7.455) (10,443) (21354) Batance5 brought forward l April 2024 122.586 21448 145,034 167J88 I l9,598 14.993 134,591 145.034 Transfe Balances carried forward 31 March 2025 11 I 19,598 14.993 134591 145.034 The abo amounts late to continuing opernrions of the company. The company h&s no recognised oains and losses other than those included in the t&suIts thove and therefore no separate slaternent of total rwiscd gains and losses has been presented. There is no diffcreoce between the net incoming rcsources for the Ye stated above and Ihetr historical COSE ¢quivatents. Page 10
(A company limited by guarnitee) as at 31 Mareh 2025 2&25 Not¢5 Tangibl¢ assets 60.279 70.999 Debtors Ch at bllnkalld in hand 109.486 46,991 76.150 75,431 156,477 151.581 Current IlabAIItI&s Bank loans and overdrafts Othercredito 633 74.196 7.336 1,6E5 65.826 10,105 f2.165 77,546 Lyet current &wets 74.3 [2 74,035 Total Lssets less current llabllfllEs 134,591 145,034 Reserves Unrestricted Restricted 119.598 14,993 121586 21448 134,591 145.034 The fllwiciai s(atcments are prepared in accordartce with the special provisiolls ot Part 15 of the Compatties Act 2(N)6 and the Charities SORP 2019 {FRS 1021 The Financial S emenLg were approved and authorised for ISS by the B rd on and signed ts behalf by Director Director Date: RwstrationN Lo: N1030819 Page 11
(A company liwited by gurnteÈ) Statement of Cash flows as at 31 March 2025 2024 Net incoming l (outooing) resouwes for the year Depreciation and Impair£ (Increaseydecre&%e ia debtots {D¢¢Y increase in creditots (10,443) 10.722 (33.336} 4,619 (22.354) 10,7?2 (4563) (11.977) Net cash infiow from operating activits-&s (?8,438) (28,172) tncr&gse in eash in the year (28,438) (28.172) Reconciliation of ttet osb flow to movement in net ruDds Increase in eash in the yr Net funds at l Apnl 2024 Net f¢mds at 31 March 202S (28,440) 75.431 (28,17?) 103.603 13 46.991 75,431 Page 12
Nelghbourhood maSeMellt Team Lined (A CQmPAny limlted by guarantee) Notes to tILe aceoiints for the year ended 31 MCh 21)25 Genernl Inforniation The charxty is a priva limited company by guarantt Wstered in Northcrn bEland and a registered chaTity in Northern trelan(L The addr of the registe office is The Gasyard Centr< 128 Lecky Ro Derry. BT48 6NP. Accounting convention The principat accounting policies adopted ia the prq)arntion of rhe financial statements are set out below and have rna1ned unchanged from the previous year, and also h&ve been consistently applied The ClTity constituies a public benefit enlity as defined by FRS102. The financial statemenrs have been prcpJred in accordance with Accouniing and Reportintr by Chariu&s: Statement of Recomme Practice appticable lo charities pre10 tbeir accounts in accordance with the Financial Rqxxting Standard applicable in tbe UK and Republic of treland chwits SORP 2019 (FRS102). Charities Act (Northem treland) ?008. and th¢ Cornpani Act 2006. The fiDanciai statements are prepared on a ooing concern basis under the historical cost convention, MlIfle ro included certain lten ar fair value. The ffnan¢ial sratemenrs are presented in sterEing which Ts the nlOnal currency of the charity. ia. Income AII iDcomiDS resources included in the SOFA WI1 the charity is legally entitled to the income tmd the amount can be qualified with reasonable accuracy. The following sp¢¢ifi¢ policies are applied to particular cateqyories of income: Voluntary income is received by way of grants. dollations and .tiifts is in¢lud¢d in full ill the starernent of fu11a1 activitic5 when receivable. Gr4ats wh¢r¢ entitlement is not conditional on the delivery of a specific p¢rfornian¢e by the chariry. are recognised when the chariry become5 unconditionatly entided the grJnL Donated services and tacilities are included at the value to the Ch[ty where this con be qllantifi. The value of servi$ provided by volunleers has not been include(L Gifts douated for resale are included as incoming re50Utces within activities for (renerntints funds when they aw sol(L 1.3. R&Wurl expended All expendiLure is accouDtcd for on an aCcnkns b&8is &8 a liability is incurred and has been cLassified under headings that aee all costs relatd to thc carc.Trory. Charitable expenditure comprises thos¢ costs incurred by the chariry in che delivery of its activities and services for its beneficiaries. It includes both cosis thac be allocated directIy to such activitie5 and those costs of an indiffct nature nec&8Sary tQ 5UPPOrt them. Page 13
(A conypaDy limited by guar8n¢ee) Notes to the accounts for the year ended 31 Marcb 2025 l.& Fund a¢¢ouDthg UnSICted funds are availabk for use at the discr&n of the rrnstees in further of tbe general objectives of the charity and whith have not been degAth forother purposes. R&stricEd fuods ate funds which are to be used in accordance with specific restrictions tmposed by donors or whtch have been raised by the chatity for particular pulljoses. The cost of rnisillg and admtDiStering fund5 are charged auainst tbe specific fund. Tan1¥[e fixed assets and deprecfatEon Tallgible fixed &ssets are stated at cost lesq depreciation. Depreciation i5 pmvided at rate5 calculated to write off the cos£ or valuallou less ta4idual value of ejch Lsset over its expected useful lift. as follows: Land and buildings offi Equipmen( Equipment Motor vejllcles ?% Siraighi Line 15% strai.trht Line 15% Strniuhc Line 20% Strnight Line 1.6. Cash at bank and kn hand Cash and cash equivgjents include cash at bank and in ld. 1.7. Debtors & creditors Debtors and cteditors wtth no stat¢d interest rnte and re1Vable or payable within one ycar are recorded at transaction price. Anylosses artsing from impairnient are recosnised in expendiiure. IS. Pension eosts Contributions to auto ¢nrolment pension scherne5 arc recosnised as an expense in the period in which thc rclatcd service is provided. IJ. Going eoncern The financi srntemenus hive been preputed on & tsoing concern basis as the d[rcC¢o believe that no material unceTrntnties exist. The directo[5 have considered the level of ndS held and the expectd level of and expenditure for 12 from authl51g th&* finllnci stafemenrs. The budgeted inwnie and expenditure is sufficienc with the level of Trserves for the thatity to be able to contÈnue as a Page 14
Neighbourhood MaDogement Te4m Lijnited (A company by guaranter) Notes to the accoqmts ror the ¥eAr ended 31 March 21125 Income Restrxcted Income IF14)ur Peace Our Future Health Forum Sociul Supermarket Depffinnt oFJusti Foyle Food Bank CIPP-Bet(erTogether Project ESF-Electrical Safety Big Lottery Awards for All Big Lottery-Do[allt accouni De & SErabane District Council CFNI-Meet & Ear Projecr Triax Con5cnsual DFC-Job Start tFt-Peace Barriers Deportment for Communities DFC Tus Maith Project PEIA Clear Project 11808 5.695 2,755 1,868 81.929 93.447- 5.QlJ] 1.406 16.050 32.438 8.594 ?6.121 21449 5,000 36.108 $7.086 164.940 95.389 5.732 101.442 144.213 86,96L 3.917 547.987 498.909 Unrestricted Income Donations & proiecc incomc 88.978 74.135 88.978 74.135 Total Income 636.965 573.044 (D Restricted Fund5 Funds teceived which are earmarked by the Funder for spccifLC pur8. Such purposes are within the overall aims of the organisation. Unrestricted Funds Funds which are expendable at the discTrtion of the company in furtherance of the atms of the chty. tn addilioll funds. may be held io order to finance pital inve5ttnent and workino p1. Page 15
Nelgblrh1m)d MaDagemeDt TeAm Limited (A company Ilmlted by guarantee) Not£5 to the accounts for the year ended 31 March 2025 Resour$ Expended Total 21n5 Total DFC Project expeD CIPP-BetterTogethff project ESF- EltrI SafetyexperL8LS CFNI Meer & Eat pmject IFI Peace Walls Pmject IFI-OurPeace OurFuture DepartsDt of Justi project Depreciation s)n vwi 164.940 82.422 164,940 82.422 144.721 92,266 s.ooi 101.441 87,092 11808 87.092 11808 2.755 7J68 5.732 16,050 1.406 7.368 35,798 ?6,121 8.145 1.868 217L6 7,368 35.798 26.121 8.145 1.868 DFC-Job Start Big Lottcry-Domiant Project Big IAkitery-AwJ)rds for All Social Supernwket DCSDC expenscs Suodry Account expenses Tus Maith project Triax Consensual PHA CIearproject Health Forun Social Supernwket 32,476 89.884 86,833 91.966 91.966 95,389 95.389 3.9l7 5.775 5,775 91.966 555.442 647.408 595.398 Iyet Incoming Resources 2025 2024 Net incoming resources has becn arrived at after ¢harw". Audif remuneratio Dqjreciotion 4,380 io,rn 4.380 Page 16
Neighbourhood Iement Team Lfmited (A eompany Ihnlted by No¢es to the accwnts for the year ended 31 March 2025 Employee5 2025 2024 and Salaries Pension costs 468,879 17,976 391068 13.999 486.855 40A067 No employees received emoluments of more thall £60m) (2024: None). The directors, ncitherreceived nor waived any emolumenrs durins the year (2024: None). Number of omployees 2025 Number Number The avernge monthly numbers of eD¥loiTes duiiog thc year. Cal¢uEaC on the b&sis of time quivaients. was a5 follows: 16 16 Audltor's remunerntion The audiiorfs remunerntion amounts ro an audit ftc of £4.380 {2024 -£438Q). TaxAdon As a clwity, Bogside & Brantyvell tniiiative Ltd is exempt from tax on income and ]ll$ falling withiTh section i05 of the Taxes Act 1988 or s256 of the T&Kauon of Char%ble Cr&ins Act 1992 to the exieni thai these are applied to its chargeable objects. Accordingly. no t&x charges hav¢ arisen in the chatity. Page 17
(A company limited by guarantre) Not&g to the acwmmts for the year ended 31 March 2025 Tgn*le assets Land and bthlings oirice rreehold EquipmeDt Equipment Motor vehicles Tolal A¢ l April ?024 57.000 88.395 53,589 206.984 At 31 MarclL 2025 57.000 8.000 88.395 53,589 206,984 Deprecilltion l Awil ?024 Charge for the year At 31 E¥farch 21n5 17,100 1.140 8.000 85.888 24.995 8.898 135,983 10.722 18.?JO 8.(JJO 86,572 33.893 146.705 Net book values At 31 Maxh 2025 38.760 1,823 19.696 60.279 At 31 March 2024 39,900 2,i06 28,593 70.999 Debtors 2024 Sundry (kbiors Other debtors 108,152 1.334 69,073 7.077 109.486 76.ISO Creditors: amounts falling due ithin one year 2025 9024 Taxes and social 5CCUTtry ucdiior Bank lollns and overdr4fts Other creditors DefcrTEd itrcome (Note 10) Accrna15 8.129 633 8,066 1.615 66,067 7.3i6 57.760 10.105 82.165 77.546 Page 18
Neltsbourhood Management Tearn Limited (A compAlly limiled by gugrantee) Not&9 to the acemts ror the year ended 31 Marth 202S 10. Deferred Incon 2024 Balance at l April 2024 Additions duIing the year 57.760 59.866 {539,680) (501.015) 547.987 4989)9 Balance at 31 March 2025 66,067 57.7&) Income has been deferred a5 income was received befoTe the end of the financiat year 31 Marth 2025 and relatrs io posi yearend expellditure. ii. Movements in Funds At l Aprll Incoming Outgoing 31 Marth 2025 Restrleted funds: Totat restricted fullds 22.448 547.987 (555,442) l4,993 Unrestricted funds: Total unrestricted fimds l22i86 88.978 (9L.966) 119i98 Total ndS Ikk5,034 636.965 (647.408> L34.591 Purpos ot R&strieted Funds Restricted awarded to the chllrity is pmvided to cover the core objects. Analysis of net assets betsveeft funds Unrestricted Restricted funds runds Total Fund balanceg at 31 March 2025 as tepresented by: Tanle fix1 asseES CutTent assets CuTT¢nt liabiliiies 45,198 15,081 75900 80577 {1.500) (80.665) 60.279 156.477 (8116)7 l L9,598 l4.993 li&j91 13. Cash and CLsh Equlvalents 2025 2024 Cash llt bank and in imnd 46.991 75,431 P4ge 19
Ndghbourhood Management Team Limited (A company limited by guarantee) Not&s to theaccounts ror the year ended 31 March 2025 l& Rdated Party TraTh4etions There was no related porty transactions in the yeor under review. 15. Limited by Cuarantre The company is ]imid by guarane does not h&ve & Sha ¢JPitoL I& ControlMDg interest Controlting interest rests with the Board of Direct¢xs.. 17. PostBalance SILeet eveDts No sigDifKYni even(s bave taken place sintt the year end that would tll11 in adjusmwits to 2025 ffnallcial infornmtion OrilUSfOn of a notethereto.