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 Ne￿Ork 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