Lough Neagh Partn•rshlp Llmlled
Company limlted by guarantee
Trustees Report (Incorporallng the Dlrectors report)
Year ended 31 March 2024
The trustees, who are also directors for the purposes of company law. present their report and the finanoiai
statements of the charity for the year ended 31 March 2024.
Truslees/ Directors
The trustees/ directors who served the company during the year were as follows:
Mrs Mary Veronica Devlin
Mr Conor Jordan
Cllr Derek McKinney
Cllr Henry Cushlnan
Mrs Ellzabeth Meharg
Mr Rory O'Kane (resigned 1015123)
Cllr Donal McP8ake
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 lappoinled 4110123)
Ald Jay Burbank (appointed 4110123)
The Honourable Shane Sebaslian Clanaboy O'Neill
Ald Arnold Hatch
Mr Conor Corr
Ms Una Johnston
Mr Drew Nelson
Cllr lan Milne
Cllr Paul McLean
Cllr Eimear Camey (appointed 19161231
Cllr Paul Dunlop
Cllr Roisin Lynch
Cllr Andrew McAuley (appointed 116122) (resigned 116123)
Mr Gary McErlain
Cllr Densie Johnston (appointed 4110123)
Cllr Stewart Wilson (appointed 41101231
Structure, governance and managemenl
Lough Neagh Partnership Limited, which is a registered charity with Chariiy Commission for Northern Ireland
under registration number 106275, was incorporated as a company limited by guarantee in Northern Ireland on
2rvJ November 2001 under registration number N1041855.
The company is registered with Charily Commission for Northern Ireland under the name Lough Neagh
Partnership Limited, it does not operate under any other names. The charity's principal office address is also the
registered office address of the company.
Structure of Organlsation: The Board of Directors meets every 2 months and is responsible for the
developmenl 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.
Govemance
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 oul as per the Articles of
Association
Recruitmeni ol Trustees
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 Chariiy Commission for Northern Ireland under the name Lough Neagh
Partnershlp Limited, it does not operate under any other names. The charity's principal off ice address is also the
registered office address of the company.

Lough Neagh Partnershlp Llmlted
Company Ilmited by guarante•
Truslees Report (Incorporatlng the Dlrectors report)
Year ended 31 March 2024
Objectlves and Activities
The company was formed with the objective of bringing together the local community, businesses, schools.
residents etc. to work in partnership to ensure that this area of nalural beauty and important ecological
environmental and social benefit to Northern Ireland as a whole will be safeguarded. protecled and managed
in a sustainable way. The specific charitable objectives of the organisation are detailed in the LNP articles of
Association are below
The Charity's objects {"Objects") are:
(1) The promotion of rural regeneration and community developmerrt for the benefit of the inhabitants of the
Lough Neagh Wetlands region (the "area of benelit"). 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..
(al the provision or assistance in the provision of recreational facilities in the interests of social welfare for the
public at large and those who, by reasons of their youth, age, disability, or social or economic circumstances
have need of such facilities.
(b) advancing sustainable development lor the public benefit by the promotion of suslainable means of achieving
economic growth and regeneration, in particular by promoting tourism and opportunities for cultural and
recreational activlties for all age groups.,
(c) fostering a sense of community by encouraging and celebrating a sensg of place, civic pride and an
appreciation of the scenic beauty and heritage of the area"
(d) the maintenan￿, improvement, or provision of amenities for the benefit of the public and visitors to the area.
(2) The conservalion, 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 availability and safeguarding assets
for the benefit of the community;
(b) carrying out a co-ordination and networking role with other agencies and interested parties within the
community, public and private sectors that are invofved in rural regeneration, the protection of the environment,
culturai and heritage activities, tourism and scientrfic 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 objeclives public benefit
Beneficiaries of the activities are..
Local commuTlities and people who live by the shores ot the Lough and enjoy its natural heritage and
recreational facilities
Vlsitors 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 associated with the Lough.

Lough N￿gh Partnarshlp Limited
Company limfted by guarantee
Trusteas Report (Incorporatlng the Dlrectors report)
Year ended 31 March 2024
Summary of Charitable Actlvllles for th• purpos•s of Public Benefit
The board members have had regard to the Public Benefit requirement as stipulated by Charity Commission
for Northern Ireland. The activities entered into, and achievements attained during the year ended 31st March
2024 have been wide and varied and have provided huge public benefit, as can been seen in the information
noted below".
Projects for Further
Develo
ment
Charitable Objective: The promotion of rural regeneration and community development for the benefit of
the inhabltants of the Lou
hNea
h Wetlands re
ion
Marketlng 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 marf(eting for 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
invofved with and news stories as well
and promote at trade
as PR photographs used to advertise
fairs and exhibitions.
the markets. These members have also
been supplied with dlgital marf(eting
toolklts 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 slnce last year
Progress slnce last year
LNP attended the consuftation for the
ten-year Tourism Strategy for Nl and
provided feedback. Newsletters
issued in Halloween and Christmas.
LNP Participated in World Travel
Market and ITOA, following up with a
Portlolio of key experiences Including
River Bann Tours. Tyrone Crafted
Glass, Rosehill House, Coyle's
Cottage Lough Neagh's Stories,
Glenshane Country Farm, Seamus
Heaney Homeplace, Bakehouse Nl,
Ballyscullion Park, Katies Cottage
and the Lough Neagh Fisheries
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 foty-six guests have
now been secure for MaylJune 2024
with a view to more after successful
completion of these trips.
Newletters issued to monthly April -
September.
Lough Neagh Tours
Facebook 9,600 followers
Instagram 1,073 followers
X311
Lough Neagh Artlsans
Facebook 2,500 followers
Instagram 2,431 followers
X 121 followers
Lough Neagh Partnershlp
Facek))ok 5,1 Oofollowers
Twitter 1,083 followers
Linkedln 399 followers

Lough Neagh Partnershlp Llmlted
Company Ilmlted by guarant•e
Twstees Report {Incorporatlng the Dlreclors report)
Year ended 31 March 2024
Mallchlmp
Stakeholder list 833 subscribers
Artisan traders 176 subscribers
Tourism list 476 subscribers
Mailing Ilst
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 re
ion
Develop a Lough
Held two successful Artisan Food
Neagh Artisan Food
Markets on 2181 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 market scheduled for 1 Olh
September had to be cancelled due
to the blue-green algae in the Lower
Bann River.
The group offers members
ne￿OrkIng and collalxiration
opportunlties and mentoring, as well
as the regular markets at the Lock
Keepers Coltage 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 beneftt of
the inhabitants of the Lou
hNea
h Wetlands r
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
Derytresk, and
Traad
PointlBallyronan and
Lough Promotion.
Meet with Senior staff regarding the
development of Tradd Point
Also met with Outscape and attended
consultation event regarding Tradd
Point.
Met with ABC regarding tourism
development of Blackwater River
Met with John Mc Grillen 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 r
ion
Development of
Met wlth DFI on two occasions.
Blackwater River,
Met with Blackwater group
providing techni￿1
advice associated
with dred
,and
Met with DFI staff to discuss Lough
and Blackwater navigation needs.
Focus for LNP is dredglng the
opening of Canal mouth

Lough Neagh Partnershlp Llmlted
Company Ilmited by guarantee
Trustees R•port (Incorporallng the Directors report)
Year ended 31 March 2024
development ol 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 wlth all party leaders lo promote
new structures and investment for
Lough Neagh in 2024
Applied for and galned £240,000 of
grant assistance from the National
Lottery Herltage Fund for new
resilience plan and ownership
analysis, need £6,666 match funding
from three main Councils including
MUDC.
Charitable Objective .'The consetvation, protection, restoration and improvement of the physical and
natural environment of the area of benefit b ail.
Continue to develop
Management Plan for Kiltycolpy
NIEA Shoreline Plan
complete
and securing funding
for a management
plan for Killycolpy
and Killywoolaghan,
community bird hides
as per
2021122, develop wet
woodland and
climate change
strategy for Weslern
Shores taking into
consideration
Councils and
Partners's climate
change and
biodiversity 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 Carbon 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 RSPB
New malor 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 tK)at.
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 conseNation, protection. restoration and improvement ot the physicai and
natural environment of the area of benefit b all.
Continue to develop
Environmenlal Farm Scheme Project
and deliver an
has been extended from 1 April - 31
Environmental Farm
December 2026. This focuses 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
what DAERAS new Farm Nature
Policy 2026. DAERA still considering
outcomes payments for
environmental programme for
farmers along the shores 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 Llmfted
Company Ilmlled by guarantee
Trustees Report (Incorporallng the Dire¢tors raport)
Year ended 31 March 2024
to improve
conditions. Assist
Councils and
Partners in
development of an
Agricultural Strategy.
143 Group Scheme members continue
to receive mentoring and support.
£17,51)O average investment per fami
over last 6 years.
New policy engagement with DAERA
Countryside Management helping co-
design tor new Farming with Nature
Policy.
Offer open for help wilh the
development of new agricultural
biodiversity and climate change
strategies in new 5-year SLq 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 frotn
Mar 2024- Mar 2029 entering again
in 2024 Covid underspend
reallocated 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 benefit b all.
Develop fundlng
Discussions held with RSPB regarding
applications and
SEUPB p8atland 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 quaity
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
Charvtable Objective . The promotion of rural regeneration and community 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.
Mel with HLF to sign of prowsal
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 ML4s
Met Minister Muir and senior NIEA
staff to discuss new structures and
investment for the Lou

Lough Neagh Partnershlp Llmlted
Company limlted by guarantee
Trnslees Report (Incorporatlng the Dlrectors report)
Year ended 31 March 2024
How have these activftles provided a beneflt and what difference have Ihoy made since March 2022)
Straleglc Goal Achlevement and straleglc benefiis from the LNP Plan
The following section descrlbes the achievement of strategic goals of the Partnership over the last year with
reference to its speclflc action plan and dlfferences that were achieved
Goal 1: Lough Management: To establish a new model for the navigation, management 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 motion on new structures agreed. New political will of Stormont to tackle
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 with 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.
Prolects
Increase Council core funding to allow core stability and cary out more work
Gained other Income generation opportunities via use of Dormant Account Fund Nl to provide better service
Increase linkages between conservation and economic prosperity via Sand Traders and
Goal 3: Support farming sector to adapt to new environmental. water quality and climate requirements
Projects
.Extended new EFS Group Scheme to 2026 and got more land conseNed
.Grow Moiled Cattle Chain and encourage new types of cattle to be used
.Promote new food8luffs 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 worl( more closely with government in future
.Developed major Peatland Restoration Project worked up at School Lands to protect major curlew species
Goal 4: ConseNation management- Protect this special place and it's cultural, 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 conservation 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: Visitors: To establish Lough Neagh and Navigable rivers as a common brand and work with private
sector on foixl development and food experience branding
Projects
.Worked with Tourism to develop new Lough Neagh Tourism Experiences
.Promote Lough Neagh Food and food artisan events and clusters and more economic opportuntties
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 capture
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 dta to use for new conservation
projects
.Develop carbon capture project and examine possible trading options that will also restore new areas of
damaged bog

Lough Neagh Partnership Llmitad
Company limlted by guarantee
Trustees Report (Incorporatlng the Directors report)
Year ended 31 March 2024
Mitigatlon of any hami
There has been no economic displacement of conservation damage as a result of the work we carried out
during the year.
Hava we provlded Informatlon on any prlvate benèflt
Some individual farmers may have benefited from our encouragement lo help them become more
environmentally friendly. The details of the number of farmers is identified in the data above but the publlc
benefits in terms of species protected land managed better areas under new nature conservation have been
hugely signlficant. Staff of LNP have not had any personal benefit from the work except through staff wages.
Commlsslons Guldance
The drawing up of this report statement and the activities 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 revlew and improve its governance, remlt, 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 Qualty Task Force to deal with
green algae bloom and work to develop a long term river Catchment solution
The Partnership should take 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 ILNMBI made
up of senior director staff from the three main Councils. DFI, DAERA DFC and DFF to meet twice a
year to work 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. (2023 - 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 Ilnkage and partnership with cross border body
Waterways 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 EBFI bodies to make
sure more integrated approach to cross border development.
The three main Councils should endorse the nomination of political representatives to sit on the
Lough Neagh Partnership Board to ensure political support and public transparency for the
cfevelopment of the Lough.
The three main Councils should enter into a new five-year seNice level agreement with the
Partnership from April 2023 - March 2028 based on the attraction of addltional investment and
addressing agreed strategic needs and outcomes. The SLA should be outcomes and not
outputslactions focussed, and the Partnership should provide an annual report to feed into new
Lough Neagh Management Body structure.

Lough Neagh Partnershlp Llmited
Company limited by guarantee
Trustees Report (In¢orporating Ihe Directors report)
Year anded 31 March 2024
Common Lough Neagh Marketing Destination Pot developed from three main Councils from existing
Cty Deal, Tourism Nl and Levelling Up Fund.
BSP, City Deal , SEUPB, Shared Island and Landtill Tax funds prioritised to Lough Neagh Area for
match funding of joint conseNation projects.
Three maln 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 speclfic for joint Lough Neagh Projects and funding applications.
Speclflc Plans for the future
The plans for the forthcoming 12-18 months have been summarised below:
Continue lobbying for new Lough Neagh Integrated govemment policy and integrated
management approach to Lough
Develop SEUPB major landscape and ownership project
Revisit Blackwater project
Reinvestigate navigation and dredging study and investigate funding for new markers.
Develop Abandoned land project via Esmee Fairburn
Develop new EF appllcation and proposals for rangers
Continue data collection and bird counts for NIEA
Develop new ASSVSPA 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 linancial committee
activities. The Partnership also contribute to in kind contributions of expertise for some small projects also. A
variety of volunteer litter lift events were also held throughout the year.
Envlronmenlal Crlsls - 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 term 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 loaders 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 Minister
7. Gave evidence to Water Quality Task Force
edium Term Solutions
Increase positlve 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 Scientific group
4. Develop major programme with Woodlands Trust regarding aflorestation of river catchments in Lough
Neagh to create major buffer zones for Nutrient take
5. Apply for DAERA Pilot Programme
10

Lough Neagh Partnershlp Limlted
Company Ilmited by guarantee
Trustees Report (Incorporatlng the Dlra¢tors report)
Year onded 31 March 2024
6. Extend EFS scheme
Lon
Term Solutions
1. Roll out and improve soil management to help reduce P fertiliser use
2. Reduce P content of animal 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 reductlon
4. Reprioritise Nl Water investment to catchments of Lough and reassess nutrient regulations for
Sewage treatment output loads
5. Introduce Septic 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 Bio Digester Plant for Lough Neagh Catchments
9. Ensure better data collection and research via AFBI
Flnancial Review
Income for the company from all sources amounted to £ 482,994 (2023 - £693,964) and Outgoing resources
amounted to £ 501,092 (2023 - £686,222). giving a deficit for the year of £(18,098)12023 - £7.742 Surplus).
Policy on holdlng reserves
The Trustees/ directors regularly review the financlal standing of the company at each board meeting. During
each meeting they monitor the spending of each project against budget as these are all 'restricted' income
streams. They also monitor the income and expenditure of 'unallocated' funding. The company does not have
a speclfic pollcy on carrying a pre-defined level of reserves as this in not feasible given the nature of project
funding.
Directors responslbilitles 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 glve a true and fair
view of the state of affairs 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 SUFtable accountlng policies and then apply them consistently.
observe the methods and principles in the applicable Charities SORP '
make judgments and accounting estimates that are reasonable and prudent" and
prepare the financial 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 of the
company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the company and hence for taklng reasonable steps for the
prevention and detection of fraud and other irregularities.

Lough Neagh Partnershlp Limlled
Company limited by guarantee
TNste8$ Report (Incorporaling the Dlre¢tors report)
Year ended 31 March 2024
Small company provlsions
This report has been prepared in accordance with the provisions appllcable to companies entitled to the small
companles exemption.
Thls report was approved by the board of directors on 218t November 2024 and signed on beha￿ of the board
by:
Mrs Mary Vero
Director
Ica Devlln
12