COMPANY REGISTRATION NUMBER: N1640622 CHARITY REGISTRATION NUMBER: 106022-0 North West Cultural Partnership Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 KEITH MCELHINNEY Chartered accountants 42A Clooney Terrace Waterside Londonderry BT47 6AP co
North West Cultural Partnership Company Limited by Guarantee Financial Statements Period from 1 October 2022 to 31 March 2023 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10 The following pages do not form part of the financial statements Detailed statement of financial activities 21 Notes to the detailed statement of financial activities 23
North West Cultural Partnership Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Period from 1 October 2022 to 31 March 2023 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the period ended 31 March 2023. Reference and administrative detalls Registered charity name North West Cultural Partnership Charity registration number 106022-0 Company registration number N1640622 Principal off Ice and registered 20-22 Hawkin Street off ice Londonderry BT48 6RE The trustees Mr K McFarland H Deeney K Donaghey L Hetherington J Magowan Independent examlner Keith McElhinney 42A Clooney Terrace Waterside Londonderry BT47 6AP Structure. governance and management The charity is a company limited by guarantee, which was incorporated on 5th September 2016. The ompany is governed by its Memorandum and Articles of Association. which were signed on 12th August 2016 on behalf of the first members of the charity. The charity is managed by the trustees, who are also the directors for the purposes of company law. They meet throughout the year in order to manage the activities of the charity. They are elected by members at the Annual General Meeting.
North West Cultural Partnership Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnued) Period from 1 October 2022 to 31 March 2023 Objectives and activilies The Charity's objects ("Objects"l are to:. (1) Promote for the public benefit community participation in arts and cultural activities in the Fountain estate and surrounding areas (the "area of benefit.) by.. {1) providing and managing facilities for the education and training of people of all ages in music. drama, performing and creative arts,. lil) stimulating artistic creativity through the provision of facilities and support for artistic expression; and (iiil providing access to a range of art forms and performance opportunities. (21 Advance public education by encouraging and fostering enhanced understanding, appreciation and enjoyment of arts and culture through the production, development and promotion of concerts, performances. festivals and cultural events. 3) Promote citizenship and social inclusion through involvement in community arts in communities that face deprivation or other disadvantage and in particular: (il provide support and organise activities which develop the skills, capacities and capabilities of young people to enable them to participate in society as mature and responsible individuals; {iil engage with a range of age groups within the area of benefit in a manner which seeks to bring change within communities and also within the lives of of individuals. {iiil encourage socially excluded individuals and communities to explore social issues through drama and other art forms. (4) Advance Community development by providing facilities and practical support to community and voluntary groups and organisalions that are or intend to be involved in community arts activities so as to increase their efficiency and effectiveness and to encourage such groups and organisations to co- operate to achieve their aims. In order to achieve the above objectives the charity's activities include Improving facilities - The charity continues to work towards providing state of the art facilities, for the benefit of the local community. The development of New Gate Arts & Culture Centre is therefore a priority for the charity. Education and training - The charity delivers music, dance, drama and other creative arts tuition on a weekly basis. Additional training is provided if and when a need is identified. Aiding the development of skills. capacities and capabilities. Festivals and events the charity delivers the New Gate Fringe Festival, as well as a number of smaller events each year, encouraging community participation in the arts, in an area that suffers from deprivation. Older peoples programme - the charity delivers a programme of events for older people who are most at risk of social isolation. Community relations the charity is involved in an array of activities aimed at building understanding and reconciliation within and between communities that suffer as a result of division and mistrust. The charity have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
North West Cultural Partnership Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {contlnuedJ Period from 1 October 2022 to 31 March 2023 Achievements and performance Work is progressing well on the r8novation and extension of New Gate Arts & Culture Centre. with steering group meetings. site visits and informal discussion taking place regularly. In preparation, for moving into the new facility. we have upskilled our board, stafl and volunteers, through various iraining opportunities- we have also visited a number of similar venues to learn from Iheir experiences, explore management and operation systems, ascertain how the venues operate, what processes they have in in place and what has or hasn't work. We look forward to moving into our new state of the art centre in the near future and the opportunities it will bring. Our classes, workshops, talks, tours, performances and events have continued to take place. We have used these to educate, inform, advocate and bring about the change that we envisage. Our 'Be the Change. programme has developed links with several youth clubs, from different communities. offering impactful cross-community interaction. Our partnership with the Bogside Brandywell Health Forum has provided older people with opportunities to attend large social events. The Triax Warm Hub Initiative ensured that those within our communities, who were struggling could keep warm or who required advice or help to reduce their sense of isolation. where able to do so. This was particularly beneficial during a harsh winter and financial difliculties for many. Again, we worked with Feile to animate the area around New Gate during Halloween, this and our performance at the Shared Island Conference and our Envisioning the Future Youth Conference were the stand out events during the period. We have also been working with groups across the council area to prepare for the Kings Coronation Celebrations. We were delighted to offer an American University Inter a placement with us. help to facilitate the Building Communities NeOrk Programme by providing space in our team for their local worker. Furthermore, we look forward to working with Nl Screen to employ two people as part of their Creative Industries New Entrant programme. Finally. we were thrilled when our colleague Samuel James Kee was recognised in the New Years Honour List, being awarded an MBE for services to the community. Financial review The results for the year are set out on the following pages The charity incurred a deficit for the year of £3,284 {2022: Deficit £3.406land at 31 March 2023 the charity had net assets of £186,153 (2022.- £189,436) Plans for future periods It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to 6 month's expenditure. The charity considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charitls activities while consideration is given to ways in which additional funds may be raised.
North West Cultural Partnership Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Period from 1 October 2022 to 31 March 2023 Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small cornpanies exemption. The trustees, annual report was approved on 23 February 2024 and signed on behalf of the board of trustees by.. Mr K McFarland Trustee
North West Cultural Partnership Company Limited by Guarantee Independent Examiner's Report to the Trustees of North West Cultural Partnership Period from 1 October 2022 to 31 March 2023 report to the trustees on my examination ot the financial statements of North West Cultural Partnership ('the charitl) for the period ended 31 March 2023. Responslbllilies and basis of report As the trustees of the company {and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act {Northern Ireland) 2008 (the '2008 Act.) and the Companies Act 2006 {'the 2006 Act.). You are salislied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charily's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 6519){b) of the 2008 Act. Independent examiner's statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. I confirm that l am qualified to underlake the examination because l am a member of Chartered Accountants Ireland, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act. or the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair. view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
North West Cultural Partnership Company Limited by Guarantee Independent Examiner's Reporl to the Trustees of North West Cultural Partnership Icontlnued) Period from 1 October 2022 to 31 March 2023 I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Keith McElhinney Independent Examiner 42A Clooney Terrace Waterside Londonderry BT47 6AP 23 Feb 24
North West Cultural Partnership Company Limited by Guarantee Statement ot Financial Activities (including income and expenditure account) Period from 1 October 2022 to 31 March 2023 Year to 30 Sep 22 Period from 1 Oct 22 to 31 Mar 23 Unrestricted Restricted funds funds Toial lunds Total funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment income 227,145 227,145 15,371 13,172 480 347,336 4,385 8,819 254 15,371 13,172 480 Total income 29,023 227,145 256.168 360,794 Expenditure Expenditure on charitable activilies Total expenditure 9,10 19,999 19.999 239.452 259.452 364,200 239,452 259,452 364,200 Net expenditure and net movement in funds 9,024 (12,3071 (3,284) {3,406) Reconciliation of funds Total funds brought forward Total funds carried fonvard 195.008 (5,5721 {17,8791 189,436 192,842 189,436 204.032 186,153 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 10 to 19 form part of these linancial statements.
North West Cultural Partnership Company Limited by Guarantee Statement of Financial Position 31 March 2023 31 Mar 23 30 Sep 22 Note Fixed assets Tangible fixed assets 15 488.741 423,394 Current assets Debtors Cash at bank and in hand 16 119,949 25,342 45,845 102,458 145,291 148,303 Creditors: amounts falling due within one year Net Current assets 17 73,822 71,469 75.174 73.129 Toial assets less current Ilablllties 560,210 496,523 Creditors: amounts falling due after more than one year Net assets 18 374,058 307,087 186,152 189.436 Funds of the charlty Restricted funds Unrestricted tunds {17,879) 204.032 {5,572) 195,008 Total charity funds 22 186,153 189.436 For the period ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 10 to 19 form part of these financial slalements.
North West Cultural Partnership Company Limited by Guarantee Statement of Financial Position (contlnued) 31 March 2023 These financial statements were approved by the board of trustees and authorised for issue on 23 Feb 24, and are signed on behalf ot the board by: Mr K McFarland Trustee The notes on pages 10 to 19 form part of these financial stalements.
North West Cultural Partnership Company Limited by Guarantee Notes to the Financial Statements Period from 1 October 2022 to 31 March 2023 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a regislered charity in Northern Ireland. The address of the registered office is 20-22 Hawkin Street. Londonderry, BT48 6RE. 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 policies Basis of preparatlon 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 enlity. Going concern There are no material uncertainties about the chariws ability to continue. Judgements and key sources of estimation uncertainty The preparation ot the financial statements requires management to make judgements, estimates and assumptions that aftect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charily's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 10
North West Cultural Partnership Company Limited by Guarantee Notes to the Financial Statements (continued) Period from 1 October 2022 to 31 March 2023 Accounting policies (contlnued) Incomlng 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 following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannol 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 charilable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneticiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 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 between the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assels Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 11
North West Cultural Partnership Company Limited by Guarantee Notes to the Financial Statements (Gontlnued) Period from 1 October 2022 to 31 March 2023 Accounting policies (n1{nued) Tangible assets (¢ontlnued) 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.. Freehold property Fixtures and fittings 20/0 Straight line 10 % straight line Impairment of flxed 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 Ihe carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assels. 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 granis will be received. Where the grant does not impose specified future perforrnance-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. 12
North West Cultural Partnership Company Limited by Guarantee Notes to the Financial Statements (continued) Period from 1 October 2022 to 31 March 2023 Accounting policies (contlnued) Flnanclal inslruments A financial asset or a financial liability is recognised only when the charity becomes a paty 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 markel 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. 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. Deflned coniribution 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. 13
North West Cultural Partnership Company Limited by Guarantee Notes to the Financial Statements (contlnued) Period from 1 October 2022 to 31 March 2023 Accounting policies (¢onllnued) Defined contribution plans (continued) 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 North West Cultural Partnership is a company limited by guarantee (restricted to £1 per full member) and not having a share capital Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations Grants Derry City & Strabane District Council NIO Triax Ulster Scots Agency NIHE Sundry Grants Dept tor Communities Dept of Foreign Affairs The Executive Office Shared Island Unit International Fund for Ireland Future Screen Charity Foundation Nl Community Relations Council HMRC Job Retention Scheme Streets Alive Grant release 14,571 21,200 4,080 1,700 14,571 21,200 4,080 1,700 1,831 1,831 31,651 51,236 7,886 74,729 11,494 31,651 51,236 7,886 74,729 11,494 1 .470 1,470 5.297 5,297 227,145 227,145 Unrestricted Funds Restricted Total Funds Funds 2022 Donations Donations 1.804 1,804 14
North West Cultural Partnership Company Limited by Guarantee Notes to the Financial Statements (conflnued) Period from 1 October 2022 to 31 March 2023 Donations and legacies (continued) Unrestricted Funds Restricted Total Funds Funds 2022 Grants Derry City & strabane District Council NIO Triax Ulster Scots Agency NIHE Sundry Grants Dept for Communities Dept of Foreign Aff airs The Executive Office Shared Island Unit International Fund for Ireland Future Screen Charity Foundation Nl Community Relations Council HMRC Job Retention Scheme Streets Alive Grant release 28,224 34,426 2,710 4,350 3,980 28,224 34,426 2.710 4.350 3,980 (3) 46,064 78,229 (3) 46,064 78,229 117,319 3,964 10,000 117,319 3,964 10,000 940 7,000 8,329 940 7.000 8.329 1,804 345,532 347,336 Charitable activities Unrestricted Tolal Funds Unrestricted Total Funds Funds 2023 Funds 2022 Event income Class fees 433 14.938 433 14,938 3,185 1,200 3,185 1,200 15,371 15.371 4.385 4,385 Other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Rental income Management fees 9,657 3.515 9,657 3,515 8,819 8,819 13.172 13,172 8,819 8,819 15
North West Cultural Partnership Company Lirnited by Guarantee Notes to the Financial Statemenls (continued) Period from 1 October 2022 to 31 March 2023 Investment income Unrestricted Tolal Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 480 480 254 254 Expenditure on charitable activilies by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Charitable activity Support costs 15,230 4,769 226,174 13,278 241 ,402 18,050 19,999 239,452 259,452 Unrestricted Funds Restricted Total Funds Funds 2022 Charitable activity Support costs 11,235 1,684 345,792 5,489 357,027 7,173 12,919 351.281 364.200 10. Expendilure on charitable activilies by activity lype Activities undertaken directly Support costs Total funds 2023 Total fund 2022 Charitable activity 241,402 18.050 259,452 364.200 11. Nel expenditure Net expenditure is stated after chargingl{crediting): 31 Mar 23 30 Sep 22 Depreciation of tangible fixed assets 8,506 14,748 12. Independenl examlnatlon tees Period from 1 Oct22to 31 Mar 23 Year to 30 Sep 22 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,320 1,260 16
North West Cultural Partnership Company Limited by Guarantee Notes to the Financial Statements (conlinued) Period from 1 October 2022 to 31 March 2023 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. Period from 1 Oct22to 31 Mar 23 Year to 30 Sep 22 Wages and salaries Employer contributions to pension plans 129,954 2,310 132,264 178.078 3.178 181,256 The average head count of employees during the period was 9 {2022'. 81. The average number of full-time equivalent employees during the period is analysed as follows: 31 Mar 23 No. 30 Sep 22 No. Number of staff - Admin No employee received employee benefits of more than £60.000 during the year (2022: Nil). 14. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees 15. Tangible fixed assets Freehold Fixtures and property fittings Total Cost At 1 October 2022 Additions 377.500 64.014 84,979 9,839 462,479 73,853 At 31 March 2023 441,514 94,818 536,332 Depreciation At 1 October 2022 Charge for the period At 31 March 2023 22,610 3,765 26,375 16.475 4,741 39.085 8,506 21.216 47.591 Carrying amount At 31 March 2023 415,139 73,602 68,504 488,741 423,394 At 30 September 2022 354.890 16. Debtors 31 Mar 23 30 Sep 22 Other debtors 119,949 45,845 17
North West Cultural Partnership Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Period from 1 October 2022 to 31 March 2023 17. Creditors: amounts falling due within one year 31 Mar 23 30 Sep 22 Trade creditors Accruals and deferred income 2,496 71,326 870 74,304 73,822 75,174 18. Creditors: amounts falling due after more than one year 31 Mar 23 30 Sep 22 Accruals and deferred income Other creditors 323,202 50,856 374,058 254,646 52,441 307,087 19. Deferred income 31 Mar 23 30 Sep 22 At1 Oct22 Amount released to income Amount deferred in period At 31 Mar 23 254,646 (5,297} 73,853 232,476 (8,3291 30,499 323,202 254,646 20. Pensions and olher post retiremenl beneflts Defined conlribution plans The amount recognised in income or expenditure as an expense in relation to defined Contribution plans was £2,31012022: £3,178). 21. Government grants The amounts recognised in the financial statements for government grants are as follows: 31 Mar 23 30 Sep 22 Recognised in income from donations and legacies: Government grants income 5,297 8,329 18
North West Cultural Partnership Company Limited by Guarantee Notes to the Financial Statements (conlinued) Period from 1 October 2022 to 31 March 2023 22. Analysis of charitable funds Unrestricted funds At 1 October 202 Al 31 March 202 Income Expenditure General funds 195,008 29,023 {19,999) 204,032 At 1 October 202 At 30 September 2022 Income Expenditure General funds 192.665 15,262 (12,919) 195.008 Restricted funds At 1 October 202 At 31 March 202 Income Expenditure Restricted Grant Income (5.572} 227,145 (239,452) (17.879) At 1 October 202 At 30 September 2022 Income Expenditure Restricted Grant Income 177 345,532 (351.281) (5.5721 23. Charges on assets By a charge dated 26 June 2020 the company entered into a mortgage debenture including all the lands comprised in folios LY83609, LY92505, LY114662 and LY92146 County Londonderry in favour of The Executive Office in respect of all financial assistance advanced to the company by The Executive Office. 19
North West Cultural Partnership Company Limited by Guarantee Management Information Period from 1 October 2022 to 31 March 2023 The following pages do nol form part of the financial statements. 20
North West Cultural Partnership Company Limited by Guarantee Detailed Statement of Financial Activities Period from 1 October 2022 to 31 March 2023 Period from 1 Oct22to 31 Mar 23 Year to 30 Sep 22 Income and endowments Donations and legacies Donations Derry City & Strabane District Council NIO Triax Ulster Scots Agency NIHE Sundry Grants Dept for Communities Dept of Foreign Affairs The Executive Office Shared Island Unit International Fund for Ireland Future Screen Charity Foundation Nl Community Relations Council HMRC Job Retention Scheme Streets Alive Grant release 1,804 28.224 34,426 2.710 4.350 3,980 14,571 21,200 4,080 1,700 1,831 (31 46,064 78,229 31,651 51,236 7,886 74,729 11,494 117,319 3,964 10,000 1,470 940 7,000 8.329 5.297 227.145 347,336 Charitable activities Event income Class fees 433 14.938 3,185 1 ,200 15,371 4,385 Other trading aclivities Rental income Management fees 9,657 3,515 13,172 8,819 8,819 Investment income Bank interest receivable 480 254 Totsl Income 256,168 360,794 21
North West Cultural Partnership Company Limited by Guarantee Detailed Statement of Financial Activities (contlnued) Period from 1 October 2022 to 31 March 2023 Period from 10ct22to 31 Mar 23 Year to 30 Sep 22 Expendlture Expenditure on charitable activities Wages and salaries Pension costs Rent Rates and water Light and heat Repairs and maintenance Insurance Legal and professional fees Telephone Depreciation Other interest payable and similar charges New Gate Fringe Festival costs Classes Sundry expenses Advertising & promotion Printing, postage & stationery Bank charges Mileage & travel Good Relations Project costs Peace Impact Project costs Omagh Project costs Hofstra Project costs Training costs Other Project costs Donations 129.954 2,310 600 186 (75) 553 3,050 15,724 247 8,506 1,656 178,078 3,178 3,558 2.336 1,031 1,848 2,973 3,432 465 14,748 3,231 32,488 1,646 393 457 928 117 3,982 13.784 37.147 12,490 800 795 791 664 49 2,122 13,604 18,361 12,441 6.619 11,602 28,713 180 45,890 259,452 364.200 Total expenditure 259,452 364,200 Net expenditure (3,284) (3,406) 22
North West Cultural Partnership Company Limited by Guarantee Notes to the Detailed Statement of Financial Aclivities Period from 1 October 2022 to 31 March 2023 Period from 1 Oc122to 31 Mar 23 Year to 30 Sep 22 Expendlture on charltable actlvities Charitable activity Activities undertaken directly Wages/salaries Pension costs Direct charitable activity I rent Water rates Light & heat Repairs & maintenance Insurance Telephone and internet Depreciation New Gate Fringe Festival Costs Classes Sundry Expenses Advertising & promotion Printing, postage & stationery Mileage & travel Good Relations Project costs Peace Impact Projecl costs Omagh Project costs Hofstra Project costs Training costs Other Project costs Donations 129.954 2,310 600 186 (75) 553 3,050 247 8,506 178,078 3,178 3,558 2,336 1,031 1,848 2,973 465 14,748 32,488 1,646 800 174 791 664 2,122 13,604 18,361 12,441 6,619 11,602 28,713 180 457 928 3,982 13,784 37,147 12,490 45,890 241,402 357,027 Support costs Legal and professional fees Mortgage Interest Sundry Expenses Bank charges 15,724 1,656 621 49 3,432 3,231 393 117 18,050 7,173 Expenditure on charltable actlvities 259,452 364,200 23