Company reglslrallon number: N1041855
Charlty registrallon number: 106275
Lough Neagh Partnership Limited
Company limited by guarantee
Flnanclal stalemenis
31 March 2024

Lough Neagh Partnershlp Llmitod
Company Ilmitod by guaranlee
Contents
Pago
Trustees/ Directors and other information
Trustees report (incorporating Dlrectors Report)
2-12
Independent examiners report
13
Statemerrt of financial activity
14
Statement of financial position
15
Statement of cash flows
16
Notes to the financial statements
17-25

Lough Neagh Partnershlp Llmited
Company Ilmlted by guarantee
Dlrectors and other Information
Trusieesl Dlrectors
Mrs Mary Veronica Devlln
The Honourable Shane Sebastian Clanaboy O'Neill
Mr Conor Jordan
Ald Arnold Hatch
Cllr Derek McKinney
Mr Conor Corr
Cllr Henry Cushinan
Ms Una Johnston
Mrs Elizabeth Meharg
Mr Drew Nelson
Cllr lan Milne
Cllr Donal McPeake
Cllr Paul McLean
Cllr Thomas Gordon (Appointed 3118123)
Cllr Paul Dunlop
Cllr Roisin Lynch
Mr Joe Nelson
Mr Gary McErlain
Mr Leo Cassidy (Appointed 1015123)
Cllr Densie Johnston (Appointed 41101231
Cllr Eimear Carney {Appointed 1916123)
Ms Kathleen McBride (Appointed 4110123)
Cllr Stewart Wilson (Appointed 4110123)
Ald Jay Burbank (Appointed 4110123)
Secretary
Mary Veronica Devlin
Company number
N1041855
Reglstered office
135a Shore Road
Ballyronan
Magherafelt
Business address
Unit 3 The Marina Centre
135a Shore Road
Ballyronan
Magherafelt
BT45
Ind Examiner
Jonathan Ross
44 Blackisland Road
Portadown
BT62 1 NE
Accountants
JSR
44 Blackisland Road
Portadown
BT62 1NE
Bankers
Bank of Ireland
Market Street
Magherafelt
BT45 6EE

Lough Neagh Partnershlp Limitad
Company Ilmlted by guarantee
Trustees Report {Incorporatlng the Directors report)
Year ended 31 March 2024
The trustees, who are also directors for the purposes of company law. present their report and the financial
statements of the charity for the year ended 31 March 2024.
Trusteesl Dlrectors
The trusteesl directors who seNed the company during the year were as follows-.
Mrs Mary Veronica Devlin
Mr Conor Jordan
Cllr Derek McKinney
Cllr Henry Cushinan
Mrs Elizabeth Meharg
Mr Rory O'Kane {reslgned 1015123)
Cllr Donal McPeake
Mr Martin Kearney {resigned 116123)
Cllr Thomas Gordon (appointed 31181231
Ald JIM Montgomery (resigned 116123)
Mr Paul Quinn (resigned 1419123)
Mr Joe Nelson
Mr Leo Cassidy (appointed 1015123)
Ms Kathleen McBride {appointed 4110123)
Ald Jay Burbank {appolnted 4110123)
The Honourable Shane Sebastian Clanaboy O'NeS11
Ald Arnold Hatch
Mr Conor Corr
Ms Una Johnston
Mr Drew Nelson
Cllr lan Milne
Cllr Paul McLean
Cllr Eimear Carney (appointed 19161231
Cllr Paul Dunlop
Cllr Roisin Lynch
Cllr Andrew McAuley (appointed 1161221 (resigned 116123)
Mr Gary McErlain
Cllr Densie Johnston (appointed 4110123)
Cllr Stewart Wilson {appointed 4110123)
Structure, governanca and management
Lough Neagh Partnership Limited, which is a registered charty wth Charity Commission for Northern Ireland
under registration number 106275, was incorporated as a company limited by guarantee in Northern Ireland on
2nd November 2001 under registration number N1041855.
The company is registered with Charily Commission for Northem Ireland under the name Lough Neagh
Partnership Limited, it does nol operate under any other names. The charity's principal office address is also the
registered office address of the company.
Structure of Organlsallon: The Board of Directors meets every 2 months and is responsible for the
development of Policy and Strategy and management of strategic outcomes and achievements. Four directors
are also part of a Financial sub-committee which meets before the Board meetings to ensure the financial
management of the body.
Governance
The governing document is the Articles of Association of Lough Neagh Partnership Ltd and Lough Neagh
Partnership is governed by the Board and the terms of its membership are set out as per the Articles of
Association
Recrultment of Trusieos
Trustees are proposed and elected at an annual AGM and nominations are confirmed at the first Board meeting
after the AGM.
The company is registered with Charily Commission for Northern Ireland under the name Lough Neagh
Partnership Limited, il does not operate under any other names. The charity's principal office address is also the
registered office address of the company.

Lough Neagh Partnershlp Llmitéd
Company Ilmlted by guarantee
TNstees Report (Incorporallng the Dlrectors report)
Year ended 31 March 2024
ob￿CtIveS and Activitles
The company was formed with the objectlve of brlnging together the local communlly. businesses. schools,
residents etc. to work in partnership to ensure that this area of natural beauty and important ecological
environmental and social beneff( to Northem Ireland as a whole will be safeguarded, protected and managed
in a sustainable way. The specrfic charitable objectives of the organisation are detailed in the LNP articles of
Association are below
The Charily's objects ("Objects") are:
{11 The promotion of rural regeneration and communty development for the benefit of the inhabitants of the
Lough Neagh Wetlands region (the "area of benefit.). users of Lough Neagh and its environs and visitors to the
area in the interests of social and economic welfare by all or any of the following means.-
(a) the provision or assistance in the provision of recreational facilities in the interests of sociai welfare for the
public at large and those who, by reasons of their youth, age. disability. or sociai or economic circumstan￿$
have need of such facilities.
(b) advancing sustainable development for the public benefit by the promotion of sustainable means of achievlng
economic growth and regeneration, in particular by promoting tourism and opportunities for cuttural and
recreational activities for all age groups.
(c) fostering a sense of community by encouraging and celebrating a sense of place, civic pride and an
appreciation of the scenic beauty and heritage of the area"
(d) the maintenance. improvement. or provlsion of amenities for the benefit of the public and vlsitors to the area.
(2) The conservation. protection, restoration and improvement of the physical and natural environment of the
area of benefit by all or any of the following means:
(a) managing land, the bed and soil of parts of the Lough, and facilitating the availabilty and safeguarding assets
for the benefit of the community-
(b) ￿rryIng out a co-ordination and networking role with other agencies and interested parties within the
community, public and private sectors that are involved in rurai regeneration, the protection of the environment,
cultural and heritage activrties. tourism and scientific research;
{c) promoting awareness. understanding and appreciation among the public of the natural. built and cultural
heritage of the area of benefit and the ecosystem value of nature and the Wetlands region to humanity-,
{d) promoting sustainable development, developing and implementing conservation management plans and
advising on. applying and extending good practice.
Activilies. meeting objectives public benefil
Beneficiaries of the activities are:
Local communities and people who live by the shores ot the Lough and enjoy its natural heritage and
recreational facilities
Visitors to the Lough and the surrounding area.
People who work on the Lough or around its shoreline.
Local businesses who provide local investment and economic development opportunities.
Local Councils and government departments who work in partnership with the Lough Neagh Partnership to
protect the heritage of Lough Neagh
Local schools who link with the work of the Partnership and improve awareness and knowledge of local
children of the issues associaled with the Lough.

Lough Neagh Partnershlp Llmlted
Company Ilmlted by guarantee
Tru8lees Roport (Incorporatlng the Dlrectors report)
Year ended 31 March 2024
Summary of Charltable Activltles for thè purposes of Publlc Beneflt
The board members have had regard to the Public Benefit requirement as stipulated by Charfty Commission
for Northern Ireland. The activities entered into. and achievements attained during the year ended 31 st March
2024 have b￿n wide and varied and have provided huge public benefit. as can been seen in the information
noted below:
Projects for Further
DeveloDment
Charitable Objective: The promotion of rural regeneration and community development for the benefit of
the inhabitants of the Louoh Neaoh Wetlands r
ion
Marketing and
Lough Neagh Partnership regularly
promotion of Lough
share content across Facebook.
Distribution of Lough
Instagram and on their website and
Neagh newsletter for
email marketing tor the businesses from
stakeholders and
the Lough area. These include profiles
consumers online,
with reference to the Artisan Market
social media
pages and campaigns. events they are
promotion and attend
involved with and news stories as well
and promote at trade
as PR photTrJraphs used to advertise
fairs and exhibitions.
the markets. These members have also
been supplied with digital marketing
toolkits to help support their marketing
efforts in relation to the markets. The
market also featured boat trips with
River Bann Tours and Lough Neagh's
Stories from Toome to Lough Beg.
Progress since last year
Progress since last year
LNP attended the consultation for the
len-year Tourism Strategy for Nl and
provided feedback. Newsletters
issued in Halloween and Christmas.
LNP Participated in World Travel
Market and ITOA. lollowing up with a
PortFolio of key experiences including
River Bann Tours. Tyrone Crafted
Glass, Rosehill House, Coyle's
Cottage Lough Neagh's Storles,
Glenshane Country Farm. Seamus
Heaney Homeplace, Bakehouse Nl,
Ballyscullion Park, Katies Cottage
and the Lough Neagh Flsheries
Exhibition.
Lough Neagh Tours attended Meet the
Buyer and followed up by sending a tour
portfolio of key experiences from the
area along with a list of hotels
Further to a fam visit conducted last
year, bookings have now been
secured with an international tour
operator. LNP has developed a
bespoke bird tour itinerary to include
River Bann Tours trip from
Ballyronan to Lough Beg - this
itinerary was developed at the
request of the operator. Two
bookings with forty-six guests have
now been secure for MaylJune 2024
with a view to more after successful
completion of Ihese trips.
Newletters issued to monthly April -
September.
Lough Neagh Tours
Facebook 9,600 followers
Instagram 1.073 followers
X311
Lough Neagh Artisans
Facebook 2.500 followers
Instagram 2.431 followers
X 121 followers
Lough Neagh Partnershlp
Facebook 5,1 Oofollowers
Twitter 1,083 followers
Linkedln 399 followers

Lough Neagh Partnership Limited
Company limited by guarantee
Trustees Report (Incorporallng the Dlrectors report)
Year ended 31 March 2024
Mailchlmp
Stakeholder list 833 subscribers
Artisan traders 176 subscribers
Tourism list 476 subscribers
Mailing list
Tour operator contacts- 325
Charitable Objective . The promotion of rural regeneration and community development for the benefit of
the inhabitants of the Lou
hNea
h Wetlands r
ion
Develop a Lough
Held two successful Artisan Food
Neagh Artisan Food
Markets on 21st May & 30th July 2023 at
Programme,
the Lock Keepers Cottage in Toome
identifying artisan
including several traders from MUDC
event opportunities
area.
and promotion of
them.
The markel scheduled for 10th
September had to be cancelled due
to the blue-green algae in the Lower
Bann River.
The group offers members
networking and collaboralion
opportunities and mentoring, as well
as the regular markets at the Lock
Keepers Cottage in Toome. As part
of the market activities, boat trips are
provided by River Bann Tours &
Lough Neagh's Stories from Toome
to Lough Beg.
The Lough Neagh Artisans are
hoping to avail of further funding to
develop the group and are consulting
with DAERA to shape phase two of
the project, this is anticipated to be
open from mid-2025.
Charitable Objective . The promotion of rural regeneration and community development for the benefit of
the inhabitants of the Lou
hNea
h Wetlands re
ion
Joint development of
Lobbied both ABC AND MUDC to
tourism and
examine development of the Blackwater
economic
and dredging of Canal mouth of
programmes with
Blackwater.
Councils and
Partners and, assist
with access and
recreational plans for
school lands
Derrytresk, and
Traad
PoinUBallyronan and
Lough Promotlon.
Meel with Senior staff regarding the
development of Tradd Point
Also met with Outscape and attended
consuiiaiion event regarding Tra(1
Point.
Mei with ABC regarding tourism
development of Blackwaier River
Met with John Mc Grlllen TNI CEO to
discuss wider Lough neagh
promotion in light if Blue Green
Algae.
Prepared major proposal for School
lands
Charitable Objective The promotion of rural regeneration and community development for the benefit of
the inhabitants of the Lou
hNea
h Wetlands re
ion
Development of
Met wilh DFI on Mo occasions.
Blackwater River,
Met with Blackwater group
providing technical
advice associated
with dred
in
and
Mel with DFI staff to discuss Lough
and Blackwater navigation needs.
Focus for LNP is dredging the
opening of Canal mouth

Lough Neagh Partnershlp Llmlted
Company limlted by guarantee
Truslees Roport {Incorporatlng the Directors report)
Year ended 31 March 2024
development of the
whole of the Lough
and ownership
models
Lobbied all parties regarding a new
interdepartmental structure and
investment for Lough Neagh
Followed up letter to Minister O
Dowd regarding setting up of an
interdepartmental body
Met with all party leaders to promote
new structures and investment for
Lough Neagh in 2024
Applied for and gained £240,000 of
grant assistance from the Nalional
Lottery Heritage Fund for new
resilience plan and ownership
analysis, need £6,666 malch funding
from three main Councils including
MUDC.
Charitable Objective .'The conservation. protection. restoration and improvement of the physical and
natural environment of the area of benefit b all.
Continue to develop
Management Plan for lfjllycolpy
NIEA Shoreline Plan
complete
and securing funding
for a managemenl
plan for Killycolpy
and Killywoolaghan,
community bird hides
as per
2021122. develop wet
woodland and
dimate change
strategy for Western
Shores taking into
consideration
Councils and
Partners's climate
change and
biodiversty plans.
Implement
recommendations for
Lough Neagh islands
and ASSI plan.
All work in Kilykoly complete and
cattle to be placed there this year to
improve land
Wet woodland study and
Climate Change and Cartjon study now
completed
Approx £70,000 of funding gained
from NIEA for consultation on new
SPA and ASSI plan for Lough Neagh
Transfer of Kilycolpy nature reserve and
School lands signed for and completed
SEUPB nature peatlands restoration
project prepared with FISPB
New major Catchment Pollution
proposal being developed along with
a new communications plan working
in partnership with NIEA and DAERA
Islands conservation work and all bird
monitoring continuing via new boat.
Dealt with media response to Blue
Green Algae.
Major PR engagement regarding blue
green algae
Public meetings with NIEA held
including presentation at public
meetings
Charitable Objective :The conservation. protection, restoration and improvement of the physical and
natural environment of the area of benefil b all.
Continue to develop
Environmental Farm Scheme Project
and deliver an
has been exlended from 1 April- 31
Environmental Farm
December 2026. This locuses on lands
Scheme on western
along the western shore of lough
shores of Lough
Neagh.
Neagh by attracting
A major Nature Recovery Network has
new funding and
been developed at School Lands and at
through engagement
KillycolpylKillywoolihan. Focusing on
with farmers,
managing biodiversity and water quality
landowners, and
improvements.
relevant stakeholders
New pilot project pitched to DAERA
to replicate outcomes approach like
whal DAERAS new Farm Nature
Policy 2026. DAERA still considering
outcomes payments for
environmental programme for
farmers along the shorgs of Lough.
Main beneficiary will be in Mid Ulster
area Lough Neagh EFS Group
Scheme Members 150+ receiving
su
ort and mentorin
on Grou

Lough Neagh Partnershlp Llmlted
Company Ilmlted by guarantee
Trustees Report (Incorporating the Directors report)
Year ended 31 March 2024
to improve
conditions. Assist
Councils and
Partners in
development of an
Agricultural Strategy.
143 Group Scheme members continue
to recelve mentoring and support.
£17,500 average investment per farm
over last 6 years.
New policy engagement with DAERA
Countryside Management helping c
design for new Farming with Nature
Policy.
Offer open for help with the
development of new agricultural
biodiversity and climate change
strategies in new 5-year SLA from Mar
2024- Mar 2029
Scheme management. Total
Investment brought into Lough via
EFS Scheme £4,800,00+ over 6
years, out of £7.6 million offered.
New entrants
Offer open for help with the
development of new agricultural
biodiversty and climate change
strategies in new 5-year SLA from
Mar 2024- Mar 2029 entering again
in 2024 Covid underspend
reaiocated to project providing
Climate Resilience Plans for farmers
plus a series of information leaflets
covering a wide range of
environmental projects approx.
Extension to EFS Group Scheme
awarded providing additional
£255,000 from April 2023 - Dec
2026.
Charitable Objective .'The conseNation, protection, restoration and improvement of the physical and
natural environment of the area of benefst b all.
Develop funding
Discussions held with RSPB regarding
applications and
SEUPB peatland and Nature recovery
attract investment
proposals for Lough Neagh continued.
from SEUPB NIEA
DAERA for new
environmental
programmes
£1.2 million submitted to RSPB and
SEUPB for restoration for peatlands
at School Lands
Met with NIEA regarding water qualty
issues and blue green algae and
workable solutions for 2024
Approx £500,000 Solutions to
Pollution pilot proposal submitted to
NIEA to monitor pollution throughout
whole catchment of Lough neagh
working in partnership with Rivers
Trust and Ballinderry River
Enhancement Group.
Approx £80,000 communications
plan for dealing with Blue Green
Algae fall out in 2024125 submitted to
NIEA
Charitable Objective . The promotion of rural regeneration and communty development for the benefit of
the inhabitants of the Lou
hNea
h Wetlands r
ion
Develop an
Meeting and presentation made to all
Interdepartmental
paty leaders and group
Committee for Lough
Neagh and examine
funding opportunities
for technical
developments of
Lough Neagh
ownership bid.
Met with HLF to sign of proposal
Meeting with Shaftesbury Estates
again
Lobbied all groups and MLAS to set up
new interdepartmental structure for
Lough throughout 6-month period
Did presentation to all relevant MLAS
in Stormont in Dec 2023
£240.000 grant achieved for new
heritage resilience plan and ownership
of Lough Neagh examination
Attended Stormont Lough Neagh
debate and lobbied MLAS
Met Minister Muir and senior NIEA
staff to discuss new structures and
investment for the Lou

Lough N•agh Partnershlp Llmlled
Company Ilmlted by guarantee
Trusiees Report {Incorporatlng the Dlrectors report)
Year ended 31 March 2024
How have Ihesa activities provlded a benefit and what dlfference have they mada sinco March 2022)
Strateglc Goal Achievement and strategic benefits from the LNP Plan
The following section describes Ihe achievement of strategic goals of the Partnership over the last year with
reference to ils specitic actlon plan and differences that were achieved
Goal 1: Lough Managemenl.. To establish a new model for the navigation, managemenl and ownership of the
Lough that can deliver on shared goals.
Projects
.Lobbied to set up new Interdepartmentallcouncil working group (Lough Neagh Management Group) and
Stormont Government Lough Neagh motlon on new structures agreed. New political will of Slormont to Lackle
problems
.Received funding to examine new ownership models to assist government set up new structures and help
buy the bed and soil of Lough Neagh. New engagement wilh oner of bed and soil
Goal 2: Resilience: To become a resilient and financially sustainable organisation; well governed with skilled
staff who are secure in their posts and reserves to spend on our important work.
Projects
Increase Council core funding to allow core stability and carry out more work
Gained other Income generation opportunities via use of Dormant Account Fund Nl to provide better seNi¢e
Increase linkages between conservation and economic prosperity via Sand Traders and
Goal 3: Support farmlng sector to adapt to new environmental, water quality and climate requirements
Projects
.Extended new EFS Group Scheme to 2026 and got more land conserved
.Grow Moiled Cattle Chain and encourage new types of cattle to be used
.Promote new foodstuffs of Lough Neagh via Artisan Market and create local economic opportunities
.Linked with new Water Quality Task force set up as a result of the Green Blue Algae Crisis in the summer of
2023 and will work more closely wilh government in future
.Developed major Peatland Restoration Project worked up at School Lands to protect major curlew species
Goal 4: Conservation management: Protect this special place and it's cuftural, built, and natural heritage and
create new green economy business opportunities
Projects
.Shoreline and Island Conservation Management work programme implemented, and date gathered to set
new conseNation policy.
.Lough Neagh Heritage management continues via NLHF and NIEA Environment Fund.
.Protecting and restoring our wetland habitats and species via Peace Plus and Environment Fund etc
Goal 5: Vlsitors: To establish Lough Neagh and Navigable rivers as a common brand and work with private
sector on food development and food experience branding
Projects
.Worked with Tourism to develop new Lough Neagh Tourism Experiences
.Promoie Lough N8agh Food and food artisan events and clusters and more economic opportunities
developed
.Helped Councils promote and develop River Bann and Blackwater River l Ulster Canal and created new
investment opportunities for rural community
Goal 6: Innovative approaches to land management, climate change and carbon capiure
Projects
.Develop conservation opportunities for non-productive agricultural land via EFS Develop Project
.Drew up Climate Change and Carbon develop new resilience planls and have dla to use for new conservation
projects
.Develop carkx)n capture project and examine possible trading options that will also restore new areas of
damaged bog

Lough Neagh Partnershlp Llmlled
Company Ilmited by guarantee
Trustees Report (Incorporatlng the Direclors raport)
Year ènded 31 March 2024
Mlligation of any harm
There has been no economic displacement of conseNation damage as a result ol the work we carried out
during the year.
Have we provided informatlon on any private benefit
Some individual farmers may have benefited from our encouragement to help them become More
environmentally friendly. The details of the number of farmers is identified in the data above but the public
beneftts in terms of species protected land managed better areas under new nature conservation have been
hugely significant. Staff of LNP have not had any personal benefit from the work excepi through staff wages.
Commissions Guidance
The drawing up of this report statement and the activilles of the Lough Neagh Partnership have made strong
reference to the charity Commissions public benefit toolkit and guidance notes.
The trustees have had regard to the Public Benefit requirement as stipulated by Charity Commission for
Northern Ireland.
Future Vlsion and goals
The Partnership should review and improve its governance, remit, and staffing structures to take on
board future economic and political challenges and become more financially resilient In the long
term.
LNP and main Councils should request to sit on the new Water Quality Task Force to deal with
green algae bloom and work to develop a long term river Catchment solution
The Partnership should lake lead with other partners and govt departments and lobby and agree to
set up a new management structure known as the Lough Neagh Management Body ILNMB) made
up of senior director staff from the three main Councils, DFI, DAERA DFC and DFF to meet twice a
year to worf( to this strategic review and plan and monitor progress, integrating common goals and
funding applications associated with this document. This strategic review and plan 2023 - 2028
should be used as a working tool for the LNMB.
The three main Councils should increase the core funding levels to the Lough Neagh Partnership for
the next five years.12023 - 2028) to retain effective staff members, provide financial stability to the
body and allow the Partnership to lever in increased value and investment.
The Lough Neagh Partnership should set up a formal linkage and parlnership with cross border body
wate￿ayS Ireland and Border Council to allow it to apply for shared Island and SEUPB funding. This should
be supported by the main Councils. Also recommend that LNP rep sits on ICBAN and EBR bodies to make
sure more integrated approach to cross border development.
The three main Councils should endorse the nominalion of political representatives to sit on the
Lough Neagh Partnership Board to ensure political support and public transparency for the
development of the Lough.
The three main Councils should enter into a new five-year service level agreement with the
Partnership from April 2023 - March 2028 based on the attraction of additional inveslment and
addressing agreed strategic needs and outcomes. The SLA should be outcomes and not
outpulslactions focussed, and the Partnership should provide an annual report to feed into new
Lough Neagh Management Body structure.

Lough Neagh Partnershlp Llmlted
Company limited by guarantoe
Truste•$ Report (Incorporating the Directors report)
Year ended 31 March 2024
Common Lough Neagh Marketing Destination Pot developed from three main Councils from existing
City Deal, Tourlsm Nl and Levelling Up Fund.
BSP, City Deal , SEUPB, Shared Island and Landfill Ta￿ funds prioritised to Lough Neagh Area for
match funding of joint conseNation projects.
Three main Councils and three main Departments in the new Lough Neagh Management Body
should bid, budget, and provisionally allocate revenue and matching capital funds for the next 5
years specific for Joint Lough Neagh Projects and funding applications.
Speclflc Plans for the tuture
The plans for the forthcoming 12-18 months have been summarised below:
Contlnue lobbying for new Lough Neagh Integrated government policy and integrated
management approach to Lough
Develop SEUPB major landscape and ownership project
Revlsit Blackwater project
Reinvestigate navigation and dredging study and investigate funding for new markers.
Develop Abandoned land project via Esmee Fairt)urn
Develop new EF application and proposals for rangers
Continue data collection and bird counts for NIEA
Develop new ASSIISPA and Heritage Landscape Plan
Monitor and measure success of all programmes
Volunteers
All Board members are volunteers and put their own time and effort into the board and financial committee
activities. The Partnership also contribute to in kind contributions of expertise for some small projects also.
variety of volunteer litter lift events were also held throughout the year.
Envlronmental Crisls - Blue Green Algae
This summer of 2023 witnessed a major Algae Bloom occurring on Lough Neagh. This was a result of four
main factors including Nutrient overload from farms and sewage plants. climate change impact of temperature
increase in the Lough and more wetter summers, together with the impact of an invasive called the Zebra
Mussel. The Partnership has a number of short term, medium temi and long term reactions to the
environmental crisis.
Short Term
1. Raised awareness of the crisis and the reasons for it on major news broadcasters
2. Attended public meetings at Bellaghy, Ardboe and Craigavon
3. Met with all of the Political leaders and groups and provided potential solutions
4. Met and set up a cross party MLA Lough Neagh Group
5. Met Office of Environmental Protection and gave evidence
6. Met with Labour NIO Shadow Minlster
7. Gave evidence to Water Qualty Task Force
Medium Torm Solutions
Increase positive message of Lough and educate on reasons for Blue Green Algae
2. Lobby for setting up of new structures for the Lough
3. LNP to sit on Lough Neagh Scientitic group
4. Develop major programme with Woodlands Trust regarding afforestation of river catchments in Lough
Neagh to create major buffer zones for Nutrient take
Apply for DAERA Pilot Programme
10

Lough Neagh Partnershlp Limited
Company limited by guarantee
Trustees Report (Incorporatlng ihe Dlreclors report)
Year ended 31 March 2024
6. Extend EFS scheme
Lon
Term Solutions
Roll out and improve soil management to help reduce P fertillser use
2. Reduce P content of anlmal feed and examine manure P export from Nl.
3. Reprioritise and redesignate Lough Neagh and its Catchments and increase assistance to
Environmental Farm Scheme for nutrient reduction
4. Reprioritise N I Water investment to catchments of Lough and reassess nutrient regulations for
Sewage treatment output loads
5. Introduce Septlc Tank education officers around Lough and Catchments
6. Reassess real deterrent effect of Agriculture and Nl Water Pollution Fines
7. Increase resources to NIEA Water Catchments Basement Plans
8. Provide a new Blo Digester Plant for Lough Neagh Catchments
9. Ensure better data collection and research via AFBI
Flnancial Revlew
Income for the company from all sources amounted to £ 482,994 (2023 - £693,964) and Outgoing resources
amounted to £ 501,092 12023 - £686,222), giving a deficit for the year of £(18,098)12023 - £7,742 Surplus).
Policy on holdlng reserves
The Trusteesl directors regularly review the financial standing of the company al each board meeting. During
each meeting they monitor the spending of each project against budget as these are all 'restrlcted' income
streams. They also monitor the income and expenditure of'unallocated, funding. The company does not have
a specrfic policy on carrying a pre-defined level of reserves as this in not feasible given the nature of project
funding.
Dlrectors responslbllllios statement
The directors are responsible for preparing the directors report and the financial statements in accordance with
applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the
directors have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law
the directors must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of aflairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
select suitable accounting pollcies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP
make judgments and accounting estimates that are reasonable and prudenl., and
prepare the linancial statements on the going concern basis unless it is inappropriate to presume that the
company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain
the company's transactions and disclose with reasonable accuracy at any time the financial position ot the
company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responslble for safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.

Lough Neagh Partnershlp Llmlted
Company Ilmlled by guarantee
Trustees Report (IncO￿oratIng the Dlreclors roport)
Year ended 31 March 2024
Small company provislons
This report has been prepared in accordance with the provlsions applicable to companies entitled to the small
companies exemption.
This report was approved by the board of directors on 21st November 2024 and signed on behalf of the board
by:
Mrs Mary Vero
Director
Ica Devlin
12

Lough Neagh Partnership Limlted
Company limlted by guarantee
Independent Examlner3 Report
Year ended 31 March 2024
Indeper￿ent examlnorfs report lo the iNsteesl directors of Lough Noagh Partnership Limlted (Iho
Company.)
I report on the charity trustees on my examination of the accounts of the Company for the year ended 31 $1
March 2024.
Responsibililles and basis of report
As the charrty's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies
Act 2006 ('the 2006 Act'l.
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 your charity's
accounts as carried out under the Charities ActlNorthern Ireland) 2008, s. 65. In carrying out my examination I
have followed the Directions given by the Charity Commission for Nl.
Independent examiner's stalemanl
Slnce the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in s
65 of the 2011 Act. I confirm that l am qualified to undertake the examination because l a member of Chartere(i
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 the
examination givlng me cause to believe:
{1) accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or
(2) the accounts do not accord with those records., or
(3) the accounts 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
(4} the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable to charitles preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
FRS102
I have no COn￿rnS and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Signed
Name:
nathan Ross
Qualification.. Chartered Accountant
Address:44 Blackisland Road, Portadown. BT62 1 NE
Date: 21 November 2024
The notes on pages 17 10 25 forni part of those flnancial statements.
13

Lough Neagh Partnershlp Limitod
Company limlted by guarantee
Slatemanl of Flnancial Actlvltles
Year ended 31 March 2024
Current
Reslrlcted
Funds
ear
Unrestricted
Funds
Tolal
Funds
Prior
year
Incomlng R•sourcas
Notes
Voluntary income
73,000
409,994
482,994
693.964
Total Incomlng Resources
73,000
409.994
482,994
Resources Expended
Charitable
actlvities
(58,514)
182,489
123,975
279.743
Governance Costs
10,080
10,080
7,000
Support Costs
139.565
227 472
367.037
399,479
Total Resources Expended
81,051
420,041
501.092
Net movement In funds
Raconclllation of funds
10.047
Total funds brought fomard
15
170,426
101,000
Total funds carried forward
15
152,328
108,742
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notos on pages 17 to 25 forni part of these financlal statements.
14

Lough Neagh Partnershlp Llmlted
Company limited by guarantee
ststement of flnanclal poslllon
31 March 2024
2024
2023
Note
Flxed assets
Intangible assets
Tanglble assets
11
10
6.310
84.094
7.886
96,350
90,404
104.236
Current assets
Debtors
Cash at bank and in hand
85.107
12 173,082
94,227
245.711
258.189
339,938
Creditors: amounts falllng due
wlthln one year
Net current assels
13 (110.333)
{191.924)
147,856
148,014
Total aS$￿S less current Ilabllities
238,260
252.250
Credltors: amounts falllng due
aft&r more than one year
14
(85,9311
181.824)
152,329
170.426
Funds of the Charlty
Unrestricted Fund
Restricted Fund
123,046
29,283
131,096
39,330
Total charity funds
15
152,329
170.426
These financial statements were approved by the board of trustees and authorised for issue on 21st November
2024, and are signed on behalf of the board by:
Mrs Mary
Director
eronica Devlin
Mr Conor
Director
or
Company registration number.. N1041855
The noies on pages 17 10 25 form part of Ih&8e financlal statements.
15

Lough Neagh Partnership Llmited
Company Ilmlted by guarantee
Statement of cash flows
Year ended 31 March 2024
2024
2023
Nole
Cash flows from oporating actlvllles
ILoss)/profit for the financial year
118.099>
7,744
Adjustments for..
Depreciation of tangible assets
Amortisation of Intangible assets
Interest payable and similar expenses
Accrued expensesl(income)
21.024
24,088
1,577
1,972
22
166
{27,57n 1202,879)
Changes in..
Trade and other debtors
Trade and other creditors
9,120
237,427
(49,813) (106,776)
(63,746)
(38,258)
Cash generated from operations
Interest paid
(22)
{166)
Net cash used in operating activities
(63,768)
(38,4241
Cash flows from Investing activitles
Purchase of tangible assets
Net cash used in investing activities
Nel Increasel{decrease) in cash and ￿$h equivalents
Cash and cash equivalents at beglnnlng of year
Cash and cash equivalents at end of year
(8,768)
(36,594)
18,7681
(36,594)
(72,5361
245,618
(75.018)
320,636
173,082
245,618
The notes on pages 17 to 25 form part of Ihese financial stalements.
16

Lough N•agh Partnership Limitad
Company limit•d by guarante•
Notes to the flnanclal statements
Year ended 31 March 2024
General Informalion
The company is a private company limited by guarantee. registered in Northern Ireland. The address of
the registered off ice is Unit 3 The Marina Centre. 135a Shore Road, Ballyronan, Magherafelt.
Statemenl of compllancel Basis of preparatlon
Statement of Compllance
The financial statements have been prepared in accordance with the Accounting and Reportlng
Charities.. 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 1A) (effective January 2015) - Charities SORP (FRS 1021), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.
Basls 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 entity.
Golng Concern
There are no material uncertainlies about the charities abilty to continue.
Judgoments and key sources of estlmatlon uncertainty
The preparation of financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported. These estimates and judgements are contlnually
reviewed and are based on experience and other factors, including expectations of future events that are
believed to be reasonable under the circumstances.
Forelgn currency
Foreign currency transactions are initiaily recorded in the functional currency, by applying the spot rate
of exchange as at the date of Ihe transaction. Monetary assets and liabilities denominated in foreign
currencies are translated at the rate of exchange prevaling at the balance sheet date, with any gains or
losses being taken to the SOFA (Statement of Financial Activities).
Accountlng pollcies
Tumoverl Income recognilion
The company has main sources of income- project ￿ndIng and core funding.
Project funding is awarded to the company for the completion of a specific project. Income for project
funding is released in line with the level of completlon of the project or in accordance with the term of the
projects. Letter of Offer.
Core funding is provided to the company to cover any costs as deemed to be necessary by the directors.
Taxallon
The taxation expense represents the aggregate amount of Current and deferred tax recognised in the
reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that
it relates to items recognised in other comprehensive income or directly in capital and reserves. In this
case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable protit for the current and past perlods. Current tax is measured at
the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or
substantively enacted at the reporting date.
17

Lough Neagh Partnership Llmlled
Company Ilmfted by guarant86
Notes to Ihe flnancial ststements (continuod)
Year ended 31 March 2024
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax
losses and other deferred tax assets are recognised to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabllities or other future taxable profits. Deferred tax is
measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date that are expected to apply to the reversal of the timing difference.
Intsnglble assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated
amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at
the fair value at the date of revaluation. as determined by reference to an active market. less
any
subsequent accumulated amortisation and subsequent accumulated impairment losses. Intanglble
assets acquired as part of a business combination are recorded at the fair value at the acqulsltion date.
Amortlsallon
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful life of that asset as follows:
If there is an indication that there has been a signlficant change in amortisation rate, useful life or
residual value of an intangible asset, the amortisation is revised prospectively to reflect the new
estimates.
Tanglble assets
Tangible assets are initially recorded at cost, and are 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.
An increase in the ￿rryIng amount of an asset as a result of a revaluation. is recognised in other
comprehenslve income and accumulated in capital and reserves, except to the extent it reverses a
revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the
carying amount of an asset as a result of revaluation is recognised in other comprehensive income to
the extent of any previously recognised revaluation increase accumulated in capital and reserves in
respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains
accumulated in capital and reseNes in respect of that asset, the excess shall be recognised in profit or
loss.
18

Lough Neagh Partnership Limiled
Company Ilmlted by guarantee
Notes to the flnanclal slatements (contlnued)
Year ended 31 March 2024
Deprociation
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:
If there is an indication that there has been a significant change in depreciation rate, useful life or
residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Intsngible assets
Website. straight line method of depreciation over 5 years. wlth no resldual value
Tangible assets
Plant & Machlnery and Fixtures. Flttlngs & Equipment; reducing balance method of depreciation,
with a depreciation rate 0120%.
Impalrment
A review for indicators of Impairment is carried out at each reporting date, wilh the recoverable amount
being estimated where such indicators exist. Where the carrying value exceeds the recoverable
amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at
each reporting date.
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 assel and generates cash inflows that
are largely independ8nt of the cash inflows from other assets or group8 of assets.
Governmenl granls
Government granls are recognised at the fair value of the asset received or receivable. Grants are not
recognised until there is reasonable assurance that the company will comply with the conditions
attaching to them and the grants will be received.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis
over the periods in which the company recognises the related costs for which the grant is intended to
compensate. Grants that are receivable as compensation for expenses or losses already incurred or for
the purpose of giving immediate financial support to the entity with no future related costs are
recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful lrfe
of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income
and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future perfonnance-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 salisfying the revenue recognition criterla, they are recognised as a
liabilty.
19

Lough Neagh Parlnershlp Llmlted
Company limited by guaranlee
Notes lo the flnanclal statements {contlnued)
Year ended 31 March 2024
Financlal Instruments
A financial asset or a financial liability is recognised only when the company becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the Iransaction price. unless the arrangernent
constitute5 a financing transaction, where it is recognised at the present value of the future payments
discounted at a market rate of interest lor a similar debt instrument.
Debt instrljments are subsequently measured at amortised cost.
For all equity instruments regardless of significan￿. and other financial assets that are individually
significant, these are assessed individually for impairment. Other financial assets or either assessed
individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the
related seNice 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.
When contributions are not expected to be settled wholly within 12 months ol the end ol the reporting
date In which the employees render the related seNice, the liability is measured on a dlscounted
present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the
period in which it arises.
Limited by guarantee
Lough Neagh Partnership Limited is a company limited by guarantee and accordingly does not have any
share capital. Every member of the company undertakes to contribuie such amount as may be
required not exceeding £5.00 to the assets of the company in the event of ils being wound up while he
or she is a member, or within one year after he or she ceases to be a member.
20

Lough N&agh Partnershlp Llmited
Company Ilmlted by guaranlee
Notes to th6 financlal ststements (contlnued)
Year 6nded 31 March 2024
Voluntary Income
Total
Funds
Unrestricted
Restricted
Prior year
Grants Rec'd - Councils (Core)
Grants Rec'd - Councils (Projects)
Lottery Fund
73,000
73,000
15,177
72,453
73,000
15,177
72,453
184,184
Grants Rec'd - Env Group Farm Scheme
Grants Rec'd - HLF - Coallsland Project
Grants Rec'd - DAERA - LN Artisan
Grants Rec'd- NIEA EF
Grants Rec'd - Tourism Nl
Dormant Accounts Fund
Challenge Fund
Grants Rec'd - Community Renewal Fund
LP Match Funding
Grants Rec'd - River to Lough
Other Income
104.638
104,638
(17,846)
29,964
130.840
125,163
125,163
50.000
50.000
37,500
143,083
104.585
42,563
409.994
42.563
482,994
8,674
693,964
73.000
Charilable Activllles
Total
Funds
Unrestricted
Restricted
Prior year
Promotional Activities, workshops & leaflets
Project costs
Mgt fee - Landscape Partnership
Mgt fee- NIEA Project
Mgt fee - EFS Project
Mgt fee - Communlty Renewal Fund
Mgt fee - LP Legacy
28,779
95,196
17.141
11,265
27,358
28.779
95,196
29,905
152,437
69,198
9,000
15,627
3,576
(17,141)
{11,265)
(27.358)
2,750
2,750
58,514
123,975
279,743
Governance Costs
Total
Funds
Unrestricted
Restricted
Prlor year
Legal & professional
Accountancy & Audit
7.600
7,600
2,480
10,080
2,300
7.000
21

Lough Neagh Partnershlp Llmlted
Company Ilmlled by guarantee
Notes to the flnancial stal8monts (continuad)
Year ended 31 March 2024
Support Costs
Total
Funds
Unrestricted
Restricled
Prior year
Wages and salaries
Staff pension costs
Staff Training
Rent payable
Insurance
Computer Bureau Costs
Light & Heat
Repairs & Maintenance
Printing. postage & stationery
Telephone
Hire of Equipment
Travelling
Bank Charges
Loss on exchange
General Expenses
Subscriptions
Amortisation of intangible assets
Depreciation of tangible ass8ts
Bank Interest paid
127,330
1.791
167,603
4,932
2,234
3,214
2.318
3,221
760
691
2,298
2,886
936
7,728
559
10
2,766
2,693
1,577
21,024
22
227.472
294,933
6,723
2,234
4,408
3,927
6.756
1,257
691
3.573
4,278
936
7,728
559
10
3,708
2,693
1,577
21,024
22
367 037
309.186
7,938
7,810
2.365
7,898
6.957
670
697
3,695
3.937
936
17,008
638
24
2.096
1,398
1,972
24,088
166
399.479
1.194
1.609
3,535
497
1,275
1,392
942
139,565
Total
Funds
Unrestricted
Restricted
Prior year
Stsff Costs (breakdown)
Wages & Salaries
120.352
146,390
266,743
278,515
Soclal Security Costs
Employer contribution to
pensions
6,978
21,212
28,190
30,671
1.791
4,932
6.723
7,938
129.121
172,535
301.656
317 124
During the year the average number of employees was 8 (2023; 8 employees)
No employee durlng the year received employee benefrts of more than £60,000.
22

Lough Neagh Partnership Limited
Company Ilmlled by guarantee
Notes to the financlal statementg (conllnued)
Year ended 31 March 2024
10.
Tangible assets
Long
Plant &
Leasehold Machinery
equipment
Fixtures,
Fittings &
Totsl
Cost al
18t April 2023
Additions
140
7,781
190,488
8.766
198.409
8.766
At 31 March 2024
7,781
199,254
207,175
Depreclation
At 1 April 2023
Charge for the year
At 31 March 2024
140
7,781
94,138
21,024
102,060
21,024
140
7,781
115,162
123.084
Carrying amount
At 31 March 2024
84,092
84,092
At 31 March 2023
96.349
96,349
11.
Intanglble assets
Other intangible assets
Total
Cost
At 1 April 2023
Additions
57,379
57,379
At 31 March 2024
57,379
57.379
Amortisallon
At 1 April 2023
Charge for the year
At 31 March 2024
49,493
1,577
49,493
1,577
51,070
51,070
Carrylng amount
At 31 March 2024
6,309
6,309
At 31 March 2023
7,886
7,886
12. Cash & cash equivalents
2024
2023
Cash at Bank
Bank overdrafts & Credlt cards
175,157
2.075
245,711
93
173,082
23

Lough Neagh Partnership Llmlted
Company limited by guarantee
Notes to the financlal slatements (contlnued)
Year ended 31 March 2024
13.
Credltors less than 1 year
2024
2023
Overdraft
Trade Creditors
FT Credit Card
PAYE
Pension corrtributions
Accruals
33,417
2,075
7,909
1,058
65,949
110.408
89,187
93
6,443
673
95,528
191,924
Delerred Grants and deferred income
2024
2023
At 1 April
Received in year
Released in year
At 31 March
81.824
72.640
68,535
85,929
185,487
98,719
202,382
81,824
15.
Raconciliation of Resarv8s
Tolal
Funds
Unrestricted
Restricted
Prior year
ReseNes Bl fwd - 1 April 2023
Surplus/ (Deficit) in year
Reserves Cl fwd - 31 March 2024
131,096
8,051
123.045
39,330
10,047
29.283
170,426
162,684
152,328
170.426
16.
Prejudicial Dlsclosure8 lin accordance with FRS102 para 21.171
In June 2023 LNP appears to have been a victim of extemal cyber fraud. The cyber fraud Is
currently under investigation. Details of the fraud should therefore nol be disclosed until the
investigation is completed so that the investigation is not compromised, for this reason the
information required under Para 21.16 of FRS 102 has not been disclosed.
17.
Trustees remuneratlon
The Trusteesl DIre￿OrS all fultil their duties in a voluntary capacity, as such no Trustee/ director
received any remuneration or other benefits for their duties undertaken in this capacity.
18.
Trustees expenses
No Trustees expenses have been incurred during the year.
24

Lough Neagh Partnershlp Llmlled
Company Ilmlled by guarantee
Notes lo the flnanclal statements (contlnued)
Year ended 31 March 2024
19.
Related Party Transactions
There were no related party transactions during the year.
Conlrolllng party
The board of trusteesl directors is the ultimate controlling party.
21.
Golng Concorn
The directors consider the use of the going concern basis of accountlng Is approprSate because
there are no materlal uncertainties relating to events or conditions that may cast signrficant doubt
about the abillty of the company to continue as a going concern.
25