Company Roglstration Number: N1640622
Charlty Number: 106022-0
NORTH WEST CULTURAL PARTNERSHIP
IA company Ilmitod by guaranta•, not havlng a 8harn capital)
ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
CLAREMOUNT FM LIMITED
CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS
43 CLARENDON STREET
DERRY
BT48 7ER

NORTH WEST CULTURAL PARTNERSHIP
{A company Ilmlted by ouarnnt••, nat havlng a shar• ¢apllal}
CONTENTS
Paga
Trustees, and Other Infonnation
Trustees. Annual Report
Statement of Truste8s' Responsibiliti88
Independent Auditorfs R8POrt
8-11
ststement of Financial Activilies
12
Balance Sheet
13
ststem8nt of Cash Flows
14
Notes to the Financial Statements
15-21

NORTH WEST CULTURAL PARTNERSHIP
IA company Ilmlt•d by guarnnl••, not havlng a •hare ¢apltal)
TRUSTEES. AND OTHER INFORMATION
TRUSTEES
Hazel Deeney
Robert Andrew Lyttkg
Margaret McLaughlin
Andrew LeslSe Hetherington
Chris Duncan Rankin
Kenn8th William Donaghey (Reslgned 4 June
2024)
CHARrrY NUMBER IN NORTHERN IRELAND
lI￿o22-0
COMPANY REG18TRATION NUMBER
NI840622
REGISTERED OFFICE
New Gate Arts & Cultural Centre
2- 4 Kennedy Place
Londondery
BT48 6RF
Northem Ireland
AUDITORS
Clar6mount FM Limited
Chartered Accountants and Statutory Auditors
43 cla￿ndOn Street
Derry
BT48 7ER

NORTH WEST CULTURAL PARTNERSHIP
IA cornp￿ limit•d by warants4 not having a •harn wiilal)
TRUSTEES. ANNUAL REPORT
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
The trustses presenl their Trustees. Annual ReporL combinlng the Dlrectors, Report and Trustees. Rew
and Ihe audited financial slatements for the financial year ended 31 March 2025.
The financial statements are prepared In accordance with Ihe Companies Acl 2006, FRS 102 The
Financial RetK)rting Slandard applicable in the UK and Republic of Ireland" and Accounting and Reporting
by Charities: Ststement of Recommended Practice applicable to charities preparing their financial
statements in accordance with the Financial Reporting StarKlard applicable in the UK and Republic of
Ireland (FRS 102).
Th8 Ttusts8s' R8POrt (x)ntains th8 infonnalion required to be provided in the Trust8es' Annual Report
under the Ststement of Recommended Practice (SORP) guidelines. The trustees of tho chaiity are also
charity trustees for the purpose of charity law and under the tharivs consliiution are known as members
of the board of trustees.
In this report the trustees of North West Cultural Partnership present a summary of its Pu￿Ose,
governance. adivitie& achievements and finances for the financial year 31 March 2025.
The charity is a registered charity and hence the report and results a￿ presented in a fomi which
complies with Ihe requirernents of the Companies Act 2006 and. although not obliged to comply with the
ststement of Recommended Practlce applicable in the UK and Republic of Ireland FRS 102, the
organisation has implemented its recommendations wh8r8 relevant in these financlal statements.
PRINCIPAL Acnvrry
The prlnclpal actlvity of the wnpany 1$ to promote community partldpatlon In arts and cultural activities in
the Fountain Estate and surrounding areas for publiG benefft. advancing public education and promoting
citizenship and social inclusion.
MISSION, OBJECTIVES AND STRATEGY
OBJECTIVES
{1) Promote for the public benefil communlty participation in arts and cultural activilies in the Fountaln
estate and surroundlng areas (the 'area of benefiv) by:
(i) providing and managing facllities for the education and training of people of all ages In muslc, drama,
performing and creative arts,.
{li) stirnulatlng artistic creativty through the provision of tdcilities and support for artlstlc expression: and
{iii) providirYJ aC￿S to a range of art forrns and performance opportunities.
(2) Advance public education by e￿ouraging and fostering enhanced understanding, appreciation and
enjoyment of arts culture through the prcKluction. development and promotion of COn￿rts,
performances. festivals and cultural ￿rfents.
3) Promote citizenship and social indusion Ihrough involvement in community arts in communities that
fa￿ deprivation or other disadvantage and in particular.
(i) provide SUPFX)rt and organise activities which develop the skills. capacities and capabilities of young
P80pI8 to enabl8 th8m to particapate in soiiety as mature and responsible indNiduals:
{11) engage with a range of age groups vthin the area of benefit in a manner which seeks to brlng change
ithin communities and also within the lives of of indriiduals:
(11) encourage soclalty excluded Indlvkluals and communltles to explore social issues through drama and
other art forms.
(4) Advance communlty development by provldlng fadllltes and practical support to community and
voluntary groups and organisalions that are or intend to LE &Yvolved in community arts acllvltles so as

NORTH WEST CULTURAL PARTNERSHIP
(A ¢omp*w limitsd by not having a sh•r• wltal)
TRUSTEES. ANNUAL REPORT
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
to increase their efficiency and effectNeness arKI to encourage SUGh groups and organlsatlons to
co￿perate to athleve thelr airns.
STRATEGY
Our vision is to build a future of confident, creatlve, and connected pe0F￿8.
We will achieve our vision by engaging and devek)ping individuals and communilies through innovaliv8
arts, creative programmes, and civic leadership.
Our priorities are to help people create, hel) people grow. and help amplify voices.
To do this we will ensure the partnership is strong8r and more sustainabl6.
STrUCTURE. GOVERNANCE AND MANAGEMENT
STrUCTURE
The charity is a Gompany limited by guarantee. which was incorporated on 5th September 2016. The
company is govemed by ts Memorandum and Articles of Association, which were signed on 12th August
2016 on behalf of the first members of the charty. The charity 18 managed by the tTUStees. who are also
the directors for the purposes of company law. They meet throughout the year in order to manage Ihe
activitles of the charity. They are elected by Members at the Annual General Meeting.
REVIEW OF ACHIEVEMENTS AND PERFORMANCE
Last year the North Wesl Cultural Partnership adopted a 5-year strateglc plan which included a 2-year
Opera￿onal plan. We are pleased with th8 progress made to date. with many of the targets already met
ar￿, In some cases, exceeded. The trustees would like to commend the Ex8cutive team and all the stsff
for their efftirts in meeting these targets and their commlknent to achleving our collective vision.
New Gate Arts & Cuhure Centre has become the vibrant arts and cultural hub we had planned. This year
alone we have had over 170 events and activities; attractlng an audience of over 24.lJ)O. Our dass8S,
workshops, talks, tours, p8rformanc88 and events laken place throughout the year, encouraging
partlcipation in the arts, stimulating artlstlc creallvlty, fos18ring enhanced understandlng, appreciation and
enjoyment of arts and culture, promoting citizenshlp and social inclusion, advancing communty
development and ultimately improving the INes of individuals and cornmunlties.
The current fundlng envlronment Is dlfficult. however. Y￿ have been successful in number of applications
and have been able to continue the growth of the partnership and its activities. We are delighted with the
level of activities and services we have been able to offer, with audience and participant numbers
Increasing and refie(#ed in event income.
In addition. y￿ hw4e made good progress on a number of social economy projects: these aim to diversify
our income arKI ensure a more sustainable partnership.
Our communty and outreath projects continue to help bring about change within (x)mmunities' the Peace
Impact Programme. Community in Partne￿hIp Programme and a number of recenty awarded
PEACEPLUS Programmes have ensured we remain able to react to communty needs and resolve any
issue preventing individua15 and communities from reaching their full potential. Furthermore. our Older
PeoFles programme has provided older people with opportunities to attend social events and learn new
Skills; reducing isolation and Improving their pthysical and mental wellbeing.
The board ar8 pleased with th8 p8rformanc8 of all our staff. many of whom go over and above what is
expected of them. They are a very lalented team of irKlividuals, who are commFited to achieving our
lective vision. We look forward to another excitlng year, which will see further 8Ctiviti8s developed.
even rrK)re perfonnances and events," a8 we continue to develop the North West Cultural Partnership
together.

NORTH WEST CULTURAL PARTNERSHIP
IA company lknlt•d by guarnnt••, not havlng a Sh￿ ¢apltal)
TRUSTEES. ANNUAL REPORT
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
The results for the financlal year are set out on page 12 and addltlonal notes are provided showing
income and exp8fKJiture in greater detail.
FINANCIAL RESULTS
At the eThJ of the financial year the charity has assets of £3,348.145 (2024 - £3,546.297) and liabilities of
£416,515 (2024 - £533.780). The net assets of the charity have decreased by £(80.887).
It is the policy of the charity that unrestricted fvnds which have not been designated for a specific use
sholld 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 abl8 to
continue the charivs activities while consideration is given to ways in which additional funds may be
raised.
TRUSTEES
The trustees who served throughout the financial year. except as noted, were as follows:
Hazel Deeney
Robert Andrew Lytue
Margaret McLaughlin
ArKlrew Leslie Hetherington
Chrls Duncan Rankln
Kenneth William Donaghey (Resigned 4 June 2024)
In accordance with the Constitution, the trustees retire by rotstion and. being eligible, offer themselves for
re-election.
COMPLIANCE wrrH SECTOR-MDE LEGISLATION AND STANDARDS
The charity engages pro-actively with legislation. standards and codes which are developed for the sector.
North West Cultural Partnership subscribes to arxl is compliant wrth the following:
The Companies Act 2006
The Charities SORP (FRS 102)
THE AUDITORS
Claremount FM Limited. (Chartered Accountants), were appointed auditors by the trustees to fill the
casual vacarw and they have expressed their willingness to continue in office in accordance with the
provisions of Section 485 of the Companies Act 2006.
Approved by the board of Trustees on 181h Docembor 2025 and slgned on its bohalf by:
Andrew Leslle Hetherington
Director
Robert Andrew L
Dlrector

NORTH WEST CULTURAL PARTNERSHIP
(A compary Ilmll•d by guaranl¢o, not havlng a 8h*r• e¥ltsl)
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
The trustees, who 8re also directors of Noth West Cultural Partnership for the purFyws of company law.
are responslble for preparing the financlal statements in accordance wtth applicable law and regulatlons.
Company law requires the trustees as the dir8Gtors to prepare flnan¢ial statements for each Ilnancial year.
Under that law Ihe truslees have elected to prepare the financial ststements in acc￿danCe with Unlted
Kingdom Generally Accepted Accounting Practice (Unlted Klngdom Accounling Standards and applicable
law) Includlng FRS102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland..
Under company law the trustees must not approv8 the financial statements unlass they are satlsfled that
they give a true and fair vlew of the state of affairs of the charity and of the n8t income or expenditure of
the charity for that period.
In preparing Ihese flnanclal statements. the trustees are requir8d to:
select suitable accounting polKies and apply them consist8ntty;
• observe the m8thods and principles in the Charitts SORP
make Judgements and accountlng estimates that are reasonable 2nd pwdent;
• State whether Ihe finandal statements have been prepared In accordance with appllcable aGGounting
8tsrKlards. idenffji those standards, and note the effect and t1￿ reasons for any material departure
from those standards: and
prepare the finandal statements the going concem basis unless it is inappropriate to pr&sume that
the charty will continue in operation.
The trustees ar6 responsible for keeping ad8quate 8ccounting records that are sufficient to show and
explaln lh6 charitys transactlons and dlsdose wlth reasonable accuracy at any time the finandal position
of the charhy and enable them to ensure that the financial staternents compty ￿ the Companies Act
2006 and. They are also responsible for safeguarding the a&sets of the charity and hence for tsking
reasonable steps for the preventlon and detection of fraud and other irregulariti88.
In so far as the trustees are aware:
th8re is no relevant audlt Infonnatkjn (information needed by the ¢hariVs audStor In conn8Ction with
preparing the auditorfs report) of which the Gharity's auditor Is unavrnre, and
the trustees have taken all the steps that they ought to have tsken as trustees in order to make
th8mselves aware of any relevant audit infomiatlon and to establish that the charity's auditor is aware
of that infomiation.
Approved by the board of Trustees on 181h December 2025 and 8ignod on Its behall by:
Andr•w Leslle Hetherin
Diractor
on
Robert Andr•w L
Dlrector

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF NORTH WEST CULTURAL PARTNERSHIP
(A QornP￿Y Ilmll•d by guarnnt¢•. not havkng a *harn capltal)
REPORT ON THE AUDIT OF THE FINANCIAL STATEMEKrs
OPINION
We have audited th8 charity financial statements of North Wesl Cultural Partnership (Ihe charity) for the
finarKlal year ended 31 March 2025 which comprise the Statement of Financlal Acllvltles (incorporating
an Income and Expenditure Accounl), the Balance Sheet, the Statement of Cash Hows and notes to the
financial statements. induding the summary of slgnificant accounting policies set out in note 2. The
nancial reporting framework that has been applied in thelr preparatlon Is applicable law and Unit8d
lfjngdom Accountlng Standards, Includlng FRS 102 The Financial Reportlng Standard appllcable In the
UK and Republlc of Ireland. and Accounting and Reporting by Charities: Statement of Recommended
Prdctice appllcable to Charitios preparing their accounts In accordan¢8 with FRS 102.
In our oplnion, Nthen reporting in accordance wlth a fair presentation framework the financial statements:
gNe a Irue and falr vlew of the state of the charitys affairs as at 31 March 2025 and of its defidt for tha
financial year then erKled;
have been properly prepared in aCC￿anCe with United Klngdom Generally Accepte(l A¢￿UntIng
Practlce; and
have been prepared in ac￿rdanCe with the requlrements of the Companies Act 2006 and the Charities
Act (Northern Ireland} 2008.
BASIS FOR OPINION
We conducted our audit in accordance wlth Intematlonal Standards on Audlllng (UK) (ISAS (UK)) and
applicab18 law. Our responsibilities under those standards are further describèd in the Audltorfs
responslbilitios for the audit of the flnanclal stat8m8nts section of our report. We are independent of the
charity in aGGordance with ethlcal requlrements that are relevant lo our audit of the financial statements in
the UK, including Ihe FRC'S Ethical Standard. and we have fulfilled our olher ethical resFX)nsibllltles in
accordance with these requirements. We believe that the audit evidence we have obtalned Is suffident
arKI appropriate to provlde a basls for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the trustses, use of the going concem basis
of accounting In the preparatlon of the flnanclai statements Is appropriate.
Based on the work we have pefftlrnied. we have nol identified any malerlal uncertainties relatlng to events
or conditions that, individually or collectlvely, m8y cast signfficant doubt on the ¢harity's abllSty to contlnue
as a going concern for a perfod of at least twelve months from the date when th8 financial statements aro
authorised for issue.
Our responsibilities and the responslbiltties of the trustees with respect to going ¢oncem are descrfbed In
the relevant sectlons of Ihls report.
OTHER INFORMATION
The other Infonnation comprises the inforniation Includ￿ in the annual report ot￿r than the financial
statements and our Auditorfs Report thereon. The trust88s are responsible for the other inf0M￿l￿n
ontalned within the annual report. Our oplnlon on the financial stalernents dc*s not cover the other
information and. except to the extent olherwise explicltly slated In our report, we do nol express any form
of assurance conclusion thereon.
Our respcfflsibility is to read the other Informatlon and, in doing so, considar whether the other informatlon
is materially inconsistent with the finanGial ststements or our knowledge obtained in the cours8 of Ihe
audit. or oth8rwis8 appears to materially misstaled. If we identify such materlal Inconsistencies or
apparent material mi&8tatements. we are required lo detennine whether thls gives rise to a materlal
misstatement In the flnanclal statements themselves. If, based on the work we hwrfe perfomied, we
o)ndude that there Is a material misstatement of thls other Informatlon, we are requlred to report that fact.
We hav8 nothing to report in this regard.

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF NORTH WEST CULTURAL PARTNERSHIP
(A compw Ilmhed by gw•rnnt••, not havlng a sh)r• ¢apltaD
OPINION ON OTHER MArrER PRESCRIBED BY THE COMPANIES ACT 2006
In our oplnlon, based on the work undertaken in the course of thè audit..
the Infonnation given in the Trustees, Annual Report for the financial year for whlch the financial
st8t8ments are prepared is consistent with the financial statements: and
the Truslees, Annual Report has been prepar8d in accordance with applicable legal requirements.
MATfERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of our knowledge and understanding of the charlty and its environment obtained in the cour88
of the audit. W8 have not identified material misststsments In the Trustees, Annual Report.
We have nolhlng to repc*t in respect of the following matters wher8 the Companies Act 2006 requires us
to report to you rf, in our opinion:
adequat8 accounting records have not been kept: or
Ihe financial stateThnts are not in agreement with the accounting re￿rdS and retums; or
Gertain disdosures of trustees, remuneratlon specified by law are not mad8; or
the tNstees were not entiued lo p￿pare the finarKlal statements in accordance with the small
companies regim8 and tak8 advantage of the small companies. exemption in preparfng the Trustees.
Annual Report.
RESPONSIBILMES OF TRUSTEES FOR THE FINANCIAL STATEMENTS
As explained nK)re fully in the Ststement of Trustees, Responsibilities set oul on page 7, the truste&s are
responslble for the preparation of the financial statements and ft)r being satisfied that they give a true and
fair view, and for such internal control as they determlne is nec&%sary to enable tha preparation of
financial statsrnents that are free from material mlsstat8menC whether due to fraud or error.
In preparSng the financial statements, the trustees are responsib18 for assessing the charitys abilty to
continue as a going concern. disclosing, as appllcable, matters related to going corKem and using Ihe
going concem basis of accounting Unl￿￿ management either inlends to Ilquldate the charty or to cease
operatlons, or has no realislic altemative but to do so.
AUDITOR'S RESPONSIBIUTIES FOR THE AUDrr OF THE FINANCIAL STATEMENTS
Our objectiV88 are to obtain reasonable assurance about whether the financlal statements as a vthole are
free from malerial misstatement, whelher due to fraud or 8rror, and to issue an Auditor's Report that
includes our opinion. Reasonable assurance Is a hlgh level of assurance. but is not a guarantee that an
audtt conducled in accordance with ISAS (UK) will always detect a rnaterfal mlsstatem8nt when it exists.
Misstatements can arise from fraud or 8mr and are considered material rf, individually or In the
aggregate, they could reasonably be expected to influance the economic d8cisions of users taken on the
basis of these financlal slatements.
Irregularities, Includlng fraud, are instances of non-compliance with laws and regulations. We deslgn
procedures In Ilne wlth our responslbllltles, outlined above, to detect matsrial misstatements In respect of
irregularities, induding fraud. The exient to which our procedu￿ are capable of detecting irregularities.
induding fraud is detailed below.
However, the primary responsibilty for the prevention and detection of fraud rests with both management
and those tharged wlth g0Veman￿ ofthe charitable company.
We assessed the susceplibility of the charrtabl8 company's financial statements to materfal mlsstatement,
Indudlng how fraud mlght occur, Including evaluating man8gem8nt's incentives and opportunltlos to
rnanage aamings or influence the reported results. In common with all audlts und8r ISAS (UK), we are
required to perfonn specific procedures lo respond to the risk of management override.

INDEPENDENT AUDrroR'S REPORT
TO THE MEMBERS OF NORTH WEST CULTURAL PARTNERSHIP
IA company Ilmlt•d ty gu•rnnt••, not having a shire capltall
FURTHER INFORMATION REGARDING THE SCOPE OF OUR RESPONSIBIUTIES AS AUDITOR
As part of an audit in accordance with ISAS (UK). we exercise professlonal judgement and malntaln
professional scepticism throughout the audit. We also:
Identify arKI assess the Tisks of material misstalement of the financial statements. whether due to
fraud or error. design and perfonn audit procedures responsive to those risks, and obtain audit
evidenc8 Ihat is sufficierrt and appropriat8 to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from e￿0[, as
fraud may inv(fve collusion. forgery. intentional omissions. mi8representalions. or the Ove￿￿de of
intemal control.
Obtain an understanding of intemal control relevant to the audit in order lo design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on Ihe
effectiveness of the charitys int8mal control.
Evaluate the appropriateness of accounting polici88 Used and the reasonableness of accounllng
estimates and related dlsclosures made by trustees.
Conclude on the appropriateness of the trustees, use of the going cOr￿ern basis of accounting and,
based on the audit evidence obtained. whether a material uncertalnty exlsts related to events or
conditions that may cast significant doubt on the charty's ability to continue as a going concem. If
we conclude that a material uncertainty exlsts, we are requlred to draw attention in our Auditorfs
ReFQrt to the relaled disdosures in the financial statements or, if such disdosures are inadequate.
to modty our opinion. Our conclusions are based on the audit eviden￿ obtained up to the date of
our Auditorfs RepotL However, future events or condition5 may cause the charity to cease to
continue as a going concern.
Evaluate the overall presentation, structure and content of the financial ststements. including the
disclosures. and whether the financial statements r8present the underlying transactions and events
in a manner that achieves fair presentation.
Enquire of management, those charged with gov8manc8 and the Charity's solicilor around aciual
and potential litigation and dalms.
Perform analytlcal procedures to Identify any unusual or unexpected relationships that may Indicate
risks of malerial misstatement due to fraud.
Review minutes of meelings of those Char￿ with governance.
10

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF NORTH WEST CULTURAL PARTNERSHIP
IA company Ilmlto(I by guarant8e. not havlng a shaY• ¢apltall
We communicate with those charged with govemance regarding, among other matters, the planned
scope and liming of the audit and significant audit findings, including any significant deficiencies in internal
control that we identify during our audit.
THE PURPOSE OF OUR AUDIT WORK AND TO WHOM WE OWE OUR RESPONSIBILITIES
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's
members those matters we are required to state to them in an auditor'5 report and for r)0 other purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the
charty and the charity's members a5 a body, for our audit work, for this report, or for the opinions we have
formed.
G G Heaney (Senior Statutory Auditor)
FOR AND ON BEHALF OF
CLAREMOUNT FM LIMITED
Chartered Accountants and Statutory Auditors
43 Clarendon Street
Derry
BT48 7ER
181h December 2025
11

NORTH WEST CULTURAL PARTNERSHIP
{Aeampany lknlt•d by guarnnt••, r￿t havlng a sh¥• rApllal)
STATEMENT OF FINANCIAL ACTMTIES
Ilncorporallng an Income and Expendltur• A¢count
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
Funds
Funds
2025
2025
Totalunrestricted Restiicted
Funds
Funds
Funds
21725
2024
2024
Total
Funds
2024
INCOME
Donations and legacies
CharFtabla activities
Olhw trading ￿tIvitieS
Investments
Other Income
1,000 571,458
19,703
71,824
572.458
19.703
71.824
1,600 3,274,789 3.276.389
10,451
10,451
90.245
90,245
1,270
1,270
21,972
21.972
TOTAL INCOME
115,198
571,458 686.656
103,566 3,274.789 3,378,355
EXPENDITURE
Charltable actlvltles
4.1 122.117 645,426 767,543 103.844 448,147 551,991
NET
INCOMEI(EXPENDITURE)
(6,919) (73,968) (80.88n
{278) 2.826.642 2,826,364
Transfers belween funds
(42,162)
42,162
(758)
758
NET MOVEMENT IN
FUNDS FOR THE
FINANCIAL YEAR
(49,081) (31.806) (80.887) (1.036) 2.827.400 2.826.364
RECONCILIATION OF FUNDS:
Total funds beginning of
13 202.996 2.809,521 3.012.517 204.032
the year
(17.879) 186,153
TOTAL FUNDS AT THE
END OF THE YEAR
153,915 2,777,715 2.931.630 202.996 2.809.521 3,012,517
The Ststement of Financial Activities includes all galns and losses recognis8d in the ffinancial year.
All income and experKliture relate to continulng activibes.
The notes cfft pages 15 to 21 fomi part ofthe flnarrial ststom￿lS
12

NORTH WEST CULTURAL PARTNERSHIP
(A company Ilmlt•d by guaFant••, not havlnq • 8har• ¢•pknl)
Company MUM￿r.. N1640622
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
N¢)l•s
FIXED ASSETS
TaNJible assets
2.883,993
2.887.043
CURRENT ASSETS
D&btors
Cash at bank and In hand
407,127
57,025
613,270
10
464.152
659,254
CREDITORS: AMouKfs FALLING DUE
WITHIN ONE YEAR
11
(378,283)
(491,986)
NET CURRENT ASSErs
85,869
167,268
TOTAL ASSEfs LESS CURRENT
UABILrnES
2.969,862
3,054,311
CREDrroRS
Amounts falling due after more than one year
12
(38,232)
(41.794)
TOTAL NET ASSETS
2.931,630
3,012,517
FUNDS
Restricted trust funds
General fund (unrestricted)
2.777,715
153,915
2,809,521
202,996
TOTAL FUNDS
13
2,931,630
3,012,517
Thèsa financial ststements have been prepared in accordanc8 With the special provisions relating to small
companies wlthln Part 15 of the Companles Act 2006.
Approved by the board of Trustees and authorised for issue on 181h December 2025 and slgned on its
behalf by
Andrew Leslle Hetherin
Dlrector
Robert Andrew Lyttl
Dlrector
Thè not8s on pag88 15 to 21 fomi part ofthg flnanc4al statsments
13

NORTH WEST CULTURAL PARTNERSHIP
STATEMENT OF CASH FLOWS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
2025
2024
Notss
CASH FLOWS FROM OPERATING ACTIVrnES
Net movement in fvnds
Adjustments for.
Dep￿CIatiOn
Interest receivable an(1 simitar income
Interest payable a￿1 similar expenses
Gains and losses on disposal of fixed assets
(81.887)
2,826.364
71.199
(699)
2.920
39.628
{1.270)
3.900
(7N18)
2.868.622
Movernents in working capital:
Movement in debtors
Movement in credltors
207,143
(117.265)
(493,321)
411,683
Cash generated from operations
Interest paid
89,878
(2.920)
2,786,984
{3.SY)Q)
Net cash g8n8rated from operaling activities
86,958
2,783,084
CASH FLOWS FROM INVESTING ACTMTIES
Inlerest received
Payments to acquire tangible assets
1.270
(2.437,930)
(69.198)
Net cash used in investment activities
(68,499)
{2,436.660)
NET INCREASE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT THE BEGINNING
OF THE YEAR
11.041
45.984
20,641
25,343
CASH AND CASH EQUIVALEKfs AT THE END OF
THE YEAR
10
57,025
45,984
14

NORTH WEST CULTURAL PARTNERSHIP
IA compmy Ilmlt•d by guarantso, not havlng a share capllal)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
GENERAL INFORMATION
North West Cultural Partnership is a company limited by guarantee Incorporated In Northem
Ireland. Th8 r8gist8red offic8 of th8 charity is New Gate Arts & Cultural Centre, 2 - 4 Kennedy
Place. Londondery. BT48 6RF. Norlhem Ireland which is also the principal place of business of
the charity. The financial statements have been presented In Pound (£) which is also the functional
currency of the charity.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are
considered material in relation to the Chari￿s financial ststements.
BASIS OF PREPARATION
The financial statements have been prepared on the going concern basis under the historical cost
convention, modified to indude certain items at fair value. The financial statements have been
prepared in accordance with the Ststement of Recommended Practice (SORP) "Accounting and
Reporting by Charities preparing their accounts in accordanc8 with the Financial Reporting
Standard applicable in the UK and Republic of Ireland FRS 10T.
A8 pemiltted by the Companias Act 2006, the tharity has varied the standard fomiats in that act for
the Stat8m8nt of Financial Activities and the Balance Sheet. Departures from the standard formats
ar8 to comply with the requirements of the Charities SORP and ar8 in complianc8 With section 4.7.
10.6 and 15.2 of that SORP.
STATEMENT OF COMPLIANCE
The flnanclal statements of the charity for the financlal year ended 31 March 2025 have been
prepared on the going cOn￿M basis and in accordance wlth the Statement of Recommended
PractlC8 (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ir81and FRS 102"
FUNDACCOUNTING
Th8 following are the cat8gori88 of funds maintsined:
RESTRICTED FUNDS
Restricted funds represent income receFved whlth can only be used for particular purposes, a8
SP8cifi8d by the donors. Such purposes are within the overall objectives of the charity.
UNRESTRICTED FUNDS
Unrestricted funds consist of General and Designated funds.
General funds represent amounts whith are expendable at the discretion of the board. in
furtherance of the objectNes of the charity.
Designated funds comprise unrestricted funds that the board has, at its discretion. set aside for
parlicular purposes. These designations have an administrative purpose only, and do not legally
restrict the board's discretion to apply the fund.
INCOME
Income is recognised by inclusDn In the Statement of Financial Activities only when the charity is
legally entitled to the income. performance conditions attached to the item(s} of income have been
me( the amounts involved can be measured sufficient reliabilty and it is probable that the
inwme will be received by the charity.
INCOME FROM CHARITABLE ACTIVITIES
Income from charitable activities indude income eamed from the supply of services under
contractual 8rrang8ments and from performance related grants whlch have conditions that speclfy
the provision of particular seNices to be provided by the charity. Income from government and
other co-funders Is recognlsed w￿n the chaiity is legally entitled to the Income because it is
15

contlnu8d
NORTH WEST CULTURAL PARTNERSHIP
IA e(Mn￿nY lknlt•d by guxantw not h•vlng a Sharn capltsl)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
fulfilling the conditions contained in the related funding agreements. Where a grant is rgceiv8d in
advance, its recognition is deferred and induded in creditors. Where entillement occurs before
income is re￿Ne￿. it is accrued in debtors.
Grants from governments and other C￿funderS typically include one of Ihe following types of
conditions:
Performance based conditions: whereby the charty is contractualty entitled to funding onty lo the
extent that the core objeciives of the grant agreement are achieved. Where the chanty is meeting
the core objectives of a grant agreement, it recognises the related expenditure, to the extent that it
is reimbursable by the donor. as income.
•Tim8 bas8d conditions: whereby the charity is contraciualty entitled to funding on th8 condition
thal it is utilised in a particular period. In these cases the charity r8cognises the income to the
exte￿ it is utllised within the period specified in agreemenL
In the absence of such conditlons, assuming that receipt is probable and the amount can b8
relHbly rneasured, grant income is recognised once Ihe charlty Is notffied of entitlement.
Grants recefved towards capltal expendtture are credited to the Ststement of Financial Actlvltles
when recelved or re￿1Vable, whlchever Is earller.
EXPENDITURE
Expendliure Is analysed beiween costs of charltable activities and raising funds. Tha costs of each
actlvlty are separately accumulated and disdosed, and analysed accordlng to their major
components. Expenditure is recognised wh8n a18gal or constructive obligation exists as a result of
a pasl event, a transfer of economic beneffts is required in settlement and th8 amount of th8
obligation can be reliably measured. Support costs are those functions that assist the work of the
charity but cannot be attributed to one activty. Such costs are allocaled to activities in proportion to
Stsff time spent or other suitable measure for each activty.
TANGIBLE FIXED ASSEfs AND DEPRECIATION
Tangible fixed assets are stated at cost or at valuation, 18ss accumulated depreciation. The charge
to depreciation is calculated to write off the original cost or valuation of tsngible fixed assets, less
their estimated residual value. over their expected useful INes as follows:
Freehold propety
Fixtures & ffttings
2% Straight line
1 Ol/Jo Straight line
DEBTORS
Debtors are recognised at the settlement amount due after any dlscount offered. Prepayments a
valued at the amount prepaid net of any trade discounts due. Income recognised by the charity
from govemment agencles and other co-funders, but not yet recelved at financi81 year 8nd, is
included in debtors.
CASH AT BANK AND IN HAND
Cash at bank and in hand comprises cash on deposlt at banks requiring less than three months
notice of wlthdrawal.
16

contlnued
NORTH WEST CULTURAL PARTNERSHIP
IA compw Ilmlted by guarantse. not havlw a shar• caplial)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
TAXATION AND DEFERRED TAXATION
No current or defeff8d taxation arises as the charity has been granted charitable exemption.
Irrecoverable valued added tax is expensed as incurred.
Deferred tax is recognised in respect of all timing difference8 that have originated but rK•t reversed
at the balance sheet date ￿ffiere transactions or events have occurred at that date that will result in
an obllgallon to pay mor8 tax in th8 fvture, or a rlght to pay less tax In the future. Timir
differences ar8 t8mporary diff8renc88 between the charitys taxable IncAMn8 and ts results as
stated in the financial statements.
Deferred tax is measured on an undiscounted basis at the Lax rates that are anticipated to apply in
th8 P8tiods in which the timing differences are expected to reverse, based on lax rates and laws
that have been enacted or substantivety enacted by the balanc8 sheet date.
INCOME
3.1 DONATIONS AND LEGACIES
Unrestricted R￿trIcted
Funds
Funds
2025
2024
Donations and18gaci8S
1.000
571,458
5T2.458 3,276,389
3.2 CHARITABLE ACTIVITIES
Unrestrictsd Restrlctsd
Funds
Funds
2025
2024
GRANTS FROM GOVERNMENTS AND OTHER CO-FUNDERS:
Income from charltable acllvltles
19,703
19,703
10,451
3.3 OTHER TRADING ACTMTIES
Unrestrlctsd Restrlclod
Funds
Funds
2025
2024
Other activities
71.824
71,824
90,245
3.4 INVESTMENTS
Unrestrlcted Restrlctsd
Funds
Funds
2025
2024
Investments
1,270
3.5 OTHER INCOME
Unrostricted Restrictsd
Funds
Funds
2025
2024
Other Income
21.972
21,972
1 CHARITABLE ACTivrriES
Unrestrlcted R￿triC￿d
Funds
Funds
2025
2024
Expenditure on charitable activites
122,117
645,426
767,543
551.991
17

continu8d
NORTH WEST CULTURAL PARTNERSHIP
(A COMP￿ Ilmltsd by guarant••. not havlng a shar• ¢aplta
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
2 SUPPORT COSTS
2025
2024
Legal and professional fees
Audit fees
Mortgage interest
General expenses
Bank Charges
Loss on disFwI of tangible assets
2.514
3,000
3,900
1,468
185
3,288
2,920
250
203
11,067
NET INCOME
2025
2024
NET INCOME IS STATED AFTER CHARGINGI(CREDrriNG):
Deprecialion of tangible assets
Deficitl(surplus) on disposal of tangible fred assets
Auditorfs remuneration:
- audil services
71,199
1.049
39,628
3,288
3.(X)O
INVESTMEKf AND OTHER INCOME
2025
2024
Rent receivable
Management Fees
Bank Interest
39,842
53,955
19,505
70,740
1,270
94N96
91,515
EMPLOYEES AND REMUNERATION
NUMBER OF EMPLOYEES
The average number of persons employed (induding execjjtive trustees) during the financial year
was as follows:
2025
Number
2024
Number
Number of Staff - Admin
10
10
The staff costs comprise:
2025
2024
Wages and salaries
Pension costs
392,916
8,098
268,643
5,514
401,014
274,157
18

contlnued
NORTH WEST CULTURAL PARTNERSHIP
IA company Ilmlt•d by guarant••, not havlng a shar• ￿P1￿1)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
TANGIBLE FIXED ASSETS
Total
Froohold Flxtures &
property
flttlngs
COST
At 1 Aprll 2024
Additions
Disposals
2,868,546
40,545
105,716 2,974,262
28,653
69.198
(4,200)
(4,200)
At 31 March 2025
2.909,091
130,169
3,039,260
DEPRECIATION
At 1 April 2024
Charge for the financial year
On disposals
55,431
58,182
31,788
13,017
(3,151)
87,219
71.199
(3,151)
At 31 March 2025
113,613
41,654
155,267
NET BOOK VALUE
At 31 March 2025
2,795,478
88,515 2,883,993
At 31 March 2024
2,813,115
73,928 2,887.043
DEBTORS
2025
2024
Trade debtors
Other debtors
406,377
750
598,520
14,750
407,127
613,270
10. CASH AND CASH EQUIVALENTS
2025
2024
Cash and bank balances
57,025
45.984
57.025
45,984
11. CREDITORS
AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Bank loan
Trade credltors
Taxation and social seGurity costs
Accruals and deferred income
6.481
364,733
2.137
4,932
6,481
473,872
11,633
378,283
491.986
19

contlnued
NORTH WEST CULTURAL PARTNERSHIP
IA company Ilmlt•d by guaran1•8. not havlng a sharn Capltal)
NOTES TO THE FINANCIAL STATEMEMrs
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
12. CREDITORS
AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
2025
2024
Other credltors
38,232
41,794
Repayable In one year or less, or on damand (Note 11)
Repayable in five year6 or mor6
6,481
31.751
6,481
35.313
38,232
41,794
13. FUNDS
ANALYSIS OF MOVEMENTS ON FUNDS
Balanc•
Income Exp•nditur• Transfers
bgtwoen
funds
Balance
31 March
2025
2024
RESTRICTED FUNDS
Restrfcted
UNRESTRICTED FUNDS
Unrestricted General
2,809,521
571.458
645,426
42,162
2,777,715
202.996
11,198
122,117
{42.162)
153,915
TOTAL FUNDS
3,012,517 685,656
767,543
2,931,630
14. STATUS
The charfty Is a company Ilmtted by guarantee not havlng a share capital.
The liabilty of the members rs limlted.
Every member of the company undertakes to contribute to the assets of th8 company in the event
of its beiNJ wound up while they are members, or wlthln one fJnan¢ial year thereafter, for the
payment of th8 debts and liabilities of the company contracted before they ceased lo be members,
and the costs, charges and expenses of winding up. and for the adjuslment of the rights of the
contrl)utors among themselves, such amount as may be requlred. not exceeding £ 1.
15. CONTINGENT UABILrnES
The charity recelved a capital grant of £2,427,032 from The Executive Office towards the
conslructlon work of the New Gate Arts Centre buSldlng. The full amount has now been recognlsed
in income.
Contingent liabilty: Under the tem￿ of the grdrrt agre8menl. rf the building is sold or ceases to be
used for ivs intended purpose wlthln ten years, the grant may be repayabl8 in full. No provision has
been made in these acC￿nts, as the trustees consider the Ilkellhood of repayment to be remote.
16. POST-BALANCE SHEET EVEKrs
There have been no significant events affecting the Charity since the financial yearryend.
20

cx>ntinued
NORTH WEST CULTURAL PARTNERSHIP
{Acompany Ilmlt•d by uwarant••, npl havlng a ¥har• wiltal>
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
17. CHARGES ON ASSETS
By a tharge dated 26 June 2020 the company entered Into a mortgage debenture includlng all the
lands comprised in folios LY83609, LY92505, LY114662 and LY92146 County Londondeny In
favour of The Executive Office in respect of all financial assistsnce advanced to the company by
The Execufve Offlce.
21