COMPANY REGISTRATION NUMBER: N1628675 CHARITY REGISTRATION NUMBER.. 107112 Duncairn Community Partnership Limited Company Limited by Guarantee Financial Statements 31 December 2022 Finegan Gibson Ltd Chartered Accountants & Registered Auditors & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN Duncairn Community Partnership Limited Company Limited by Guarantee Financial Statements Year ended 31 December 2022 Page Trustees, annual report (contlnued) Year ended 31 December 2022 DCP became involved in specific. community supported activitias including: Summer diversionary l intervention events, Easter I St Patricks Evenls. Meet the Neighbours event, 8 week Craflyapp programme, Halloween pumpkin patch event, Seniors Christmas event, Wreath Making workshops. Santa's Grotto in Alexandra Park Polltlcal engagement Another key aspect of our work throughout 2022 was lo ensure as much success as possible in developing good relations between communities, Ihrough positive political engagement. This year has been problematic in light of rising communily tensions. In the absence of the Slormont Assembly, communities are becoming increasingly concemed and frustrated at the "lack" of any political progress. DCP management and project monitoring DCP has held numerous zoom meelings to facilitate monitoring, projecl delivery and communication between staff, community partners and representatives agencies including the Police, B8lfasl City Council, Department for Communities, Department of Justice and the Executive Office. These meetings help to monitor the performance of DCP staff and DCP programmes thereby ensurlng accounlabilily and conformity to the work of our partnership. Over the per iod of the current year we have organised the followlng, 4 Board Meetings 6 ReferenGe Groups 12 Steering Groups 26 Staff Meetings Duncairn Community Partnership Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) r¢ontlnued) Year ended 31 December 2022 Flnancial revlew Income Generation Income is received through grant funding and 211 restricted income is manased effectively and are fully applied to the purpose for which they are granted. At the end of the year 2022, DunGaim Community Parlnership had secured project funding from IFI until March 2024. The unrestricted balance for the year end is £9,023. Principal Funding Sources Duncairn Community Partnership has continued to achieve its aim and objectives for which these have been primarily supported by the International Fund for Ireland. Reserves Pollcy Reserves are needed lo bridge the liming gap between spending and receiving of income and to cover unplanned temporary shortfalls in income should they arise. Holding adequate reseNes safeguards the provision of our services in the event of unexpected significant financial pressures. Duncairn Community Partnership Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (contlnuedj Year ended 31 December 2022 Plans for future perlods In the coming year DCP will continue to engage with residents, statutory agencies, political representatives and other IFI funded groups. Our prI￿lIseS continue to be informed by the outcome of our previous baseline suNey and ongoing evaluations completed by residents involved in our many cross-communily events and activities. DCP will continue to work in partnership with a number of residents, community groups and the statutory sector lo monitor aftercare works following the successful completion of regeneration works at North Queen Slreet, Hillmount Court and Ponsonby peace barrier sites. DCP will continue to explore extended opening limes for all pedestrian gates along Duncaim Gardens lo maxirnise the potential for the ongoing transformation work on these siles. DCP have several other siles that must undergo community consultation in relatlon to making physical changes to make improvements in these areas. DCP will organise at least nine community consultalion eventslaclivilies providing opportunities for local residents from either side of our community to empower community groups into becoming actSve peace builders therefore improving strained community relations followng a lengthy period of heightened community tensions. Youth development remains a key priority over the coming year. DCP will complete this by co-ordinating partnership approaches worklng wlth local youth provlders lo promote reconcillallon work. DCP will organise 4 Board meetlngs, 6 Reference Group meetings, and a minimum of 26 Staff meetings to ensure the project continues to oparale on an open, transparent and accountable basis. DCP seeks to organise a series of wider Gommunity relalions evenls and activilies in order lo support reconciliation between all our communities. Trustees, responsibilities statèment The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and Ihe financial statements in accordance with applicable law and United Kingdom Ac¢ounling Standards (United Kingdom Generally Accepted Accounling Pra¢ti¢e). Company law requir8S th6 charity Iruslees to prepare financial statements for each year whlch give a true and fair view of the slate of affairs of Ihe charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. Duncairn Community Partnership Limited Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (Contlnued) Year ended 31 December 2022 In preparing these financial statements. the trustee5 are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the applicable Charities SORP; make judgrnents and accounting estimates that are reasonable and prudont. The trustees are responsible for keeping adequate accounting records Ihat are sufficiant to show and explain the charity's transactions and disclose with reasonable accuracy at any lime the financial position of Ihe charity and enable them lo ensure that the financial statements comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of thè charity and hence for taking reasonable sleps for the prevention and delection of fraud and other irregularities. Audltor Each of the persons who is a trustee at the date of approval of Ihis r8POrt confimis that.. so far as they are aware, there is no r818vant audit information of which th8 charilvs auditor is unaware; and they have taken all steps Ihal they ought lo have taken as a trustee to make themselves aware of any relevant audil infomation and to establish th8t the charity's auditor is aware of that information. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entit16d to the small companies exemption. The trustees, annual report was approved on 28 September 2023 and signed on behalf of the board of trustees by: Mr Conor M88k8y {Chalr) Truslee Duncairn Community Partnership Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Duncairn Community Partnership Limited Year ended 31 December 2022 Opinion We have audited the financial slatemer)ts of Duncalm Community Partnership Limited (the 'charity') for the year ended 31 December 2022 which comprise the statement of financlal activities (including income and expenditure account), statement of financial position and the related noles, including a summary of significant accounting pollcies. The financial reporting framèwork that has béen appliéd in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting PractiC8). In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 310ecember 2022 and of its incoming resources and application of resources. including its income and axpenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepled A¢counling Practice; have been prepared in accordance wilh the requirements of the Companies Act 2006. Basls for oplnion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial slatemenls seclion of our report. We are independent of the charity in accordance with Ihe ethical requirements that are relevant to our audit of the financial slalements in the UK, including Ihe FRC'S Ethical Standard, and the provisions available for small entities, in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe Ihal Ihe audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. APB Ethical Standard - Provisions available for small enliti8S In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial stslemenls. Matorial un¢ertaSnty related to going concern We draw atlentlon to note 3 in the financial statements, whlch indicates that a material uncertainty exists that may cast significanl doubt on the charity's ability to continue as a going concorn. Our opinion is not modified in respect of this matter. Our responsibilities and the responsibilities of the trustees with respect to going concern are descrlbed in the relevant seclions of this report. Duncairn Community Partnership Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Duncairn Community Partners h ip Limited (Gontinued) Year ended 31 December 2022 Emphasis of matter In forming our opinion on the financial slatements, which is not modified, we have consid8red the adequacy of the disclosure made in note 20 to the financial statements concerning Ihe charity's ability to continue as a going con¢ern. The charity mad8 a surplus of £1,038 in unrestricted reseNes leaving a balance at the year-end of £9,023 which is bolow the reseNes policy. This condition, along with other matters explained in note 19 to the financial slatements. indicates the existence of a malerlal uncertainty which may cast significant doubt about the charity's ability to continue as a going concern. The financial statements do nol include the adjustments that would result if the company was unable to Gonlinu8 as a going concern. other information The other information comprises the information included in the annual raport, other than the flnancial statements and our audilorfs report thereon. The Irustees are responsible for the other informalion. Our opinion on the financial statements does not cover the other information and, 8xcept lo the extent otherwlse explicitly stated in our report, we do nol express any fomi of assurance concluslon thereon. In connection with our audit of the financial slatements, our responsibility is to read the other information and, in doing so. consider whether Ihe olher information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially mlsstaled. If we idenlify such material inconsistencies or apparent material misstatements, we a requir8d lo determine whether there is a material misstatement in the financial slatemenls or a material misstatement of the other Inform81ion. If. based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required lo report that fact. We have nothing to report in this regard. Oplnlons on other matters prascrlbed by the Companies Act 2006 In our opinion, based on the work underlaken in the course of the audit.. the information given in the Irustees. report for the financial year for which the financial slalements are prepared is consistent with the financial statements: and the trustees, report has been prepared in accordance with applicable legal requirements. Duncairn Community Partnership Limited Company Limited by Guarantee Independent Auditor's Report to the Member5 of Duncairn Community Partnership Limited (Gonlinuedj Year ended 31 December 2022 Matters on which we are requlred to report by exceptlon In the Ilght of the knowledge and understanding of the charlty and its environment obtalned In the course of the audit, we have not identified material misstatements in Ihe Iruslees, rèport. We have nothing to report in respect of the following malters in relation to which the Companies Act 2006 requires us to report lo you if. in our opinion.. adequate accounting records have not been kept, or returns adequale for our audit have not been recelved from branth8s not visited by us- or the flnancial slatements are nol In agreement with the accountlng records and returns; or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the infomiation and explanations we require for our audll. or the trustees were not entitled to prepare the financial siatemenls in accordance with the small companies regime and take advantage of the small companies. exemptions in preparin9 th8 directors, report and from the r8quiremenl to prepar8 a strategic report. Responslbllltles of trustees As explained more fully in the trustees, responsibilities statement, the truslees (who are also Ihe directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied thal they give a true and fair view, and for such internal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Irustees are responsible for assessing the charity's ability to continue as a golng concern, dlsclosing, as applicable, matters related to going concern and using Ihe golng concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternalive but to do so. 11 Duncairn Community Partnership Limited Company Limited by Guarantee Independent Auditorfs Report to the Members of Duncairn Community Partnership Limited (conlinu8dJ Year ended 31 December 2022 Auditor's responslbilities for the audlt of the financial statements Our oblectives are to obtain reasonable assurance about whether the flnancial statements as 8 whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assuranco is a high level of assuranc£, bul is not a guarantee that an audit ¢onducted in accordance with ISAS (UK) will always detect a material misstatement when it exlsts. Misslatemenls can arise from fraud or error and are consldered material if, individually or in the aggregate, they could reasonably be expecled to inlluence the economic decisions of us8rs taken on Ihe basis of these financial statements. Irregularities, including fraud, are instsnces of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities, includlng fraud. The extent to which our procedures are capable of detecling irregularities, including fraud is d8tailed below- In identifying and assessing risks of malerial misstalemenl in respecl of irregularities, includlng fraud and non-complianGe with laws and regulalions. we considered the following. the nature of the industry and sector, control environment and business performance including the design of the remuneration policies, key drivars for directors, remuneration, bonus levels and Performance largets; results of our enquirles of managemanl about their own Idenlification and assessment of the rlsks of irregularlties. any matters we identlfled having obtalned and reviev￿d documentation of Ihelr pollcies and procedures relating to: identifying, evaluating and complying wilh laws and regulations and whether management were aware of any instances of non-compliance., detecting and responding lo the risks of fraud and whether management have kno￿edge of any actual, suspected or alleged fraud- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations. the matters discussed among the audit engagement team including significant componenl audit leams 2nd relevant internal specialists, including tax and valuations specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist withln the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAS IUK), we are also required to perfomi specific procedures to respond to the risk of management override. We also obtained an understanding of the legal 8nd regulatory frameworks in operation, focusing on provisions of those laws and regulations that had a direct effect on the determination of maleri81 amounts and disclosures in the financial statements. The key laws and regulations we considered in this context Included ongoing compliance with the UK Companles Act and tax legislatlon. In addition. we considered provisions of other lav￿ and ragulations that do not hava a direct effect on the financial statements but compliance with which may be fundamental for thelr ability to operate or to avoid a material penalty. 12 Duncairn Community Partnership Limited Company Llmited by Guarantee Independent Auditor's Report to the Members of Duncairn Community Partnership Limited Icontlnued) Year ended 31 December 2022 As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audtt procedures responsive to those risks, and obtsin audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher Ihan for one resulting from crror, as fraud may involve collusion, forgery, intenlional omissions. misropresentalions, or the overrlde of internal control. Obtain an understanding of internal control relevant to the audit in order lo design audil procedures that are appropriate in the circumstances, but not for the purpos8 of expressing an opinion on the effectiveness of the inlernal control. Evaluate the appropriateness of acLounting policÉes used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriaten8ss of the Irustees, use of the going concern basls of accounting and, based on the audit evidence obtained, whether a material uncertainly exists relatad lo events or conditions that may casl significant doubt on the charity's ability to continue as a going concem. If we conclude that a material uncertainty exisls. we are required to draw atlentlon in our audltor's report to the related disclosures in the financial slatements or, if such disclosur8S are Inaéequate, to modify our opinion. Our conclusions are based on the audit evidence obtalned up to the dale of our audllor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentalion. slructure and contenl of the financial statements, including the disclosures, and whether the financial statements represent Ihe underlying transactions and events in a manner Ihat achieves fair presentalion. 13 Duncairn Community Partnership Limited Company Limited by Guarantee Independent Auditof s Report to the Members of Duncairn Community Partnership Limited (eonlinuedj Year ended 31 December 2022 We communicate with those Gharged with governance regarding, among other matters, the planned scope and timing of the audil and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. Use of our r8POrt This report is made solely to the charily's members. as a body, in a¢¢ordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charily's members those matters we are required to stale to them in an auditovs report and for no other purpose. To the fullest extent permitted by law, we do not ac￿pt or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have fonned. Paul Dolan FCA {Senlor Statutory Auditor) For and on behalf of Finegan Glbson Ltd Chartered Accountsnts & Registered Auditors & statutory auditor Causeway Tower 9 Jamas Street South Belfast BT2 8DN 28 September 2023 14 Duncairn Community Partnership Limited Company Limited by Guarantee Statement of Financial Activitie5 (including income and expenditure account) Year ended 31 December 2022 2022 Reslricled funds Total funds 2021 Unreslricled funds Total funds Note Income and endowments Charitable activities Investment income 5.252 253.340 258.592 180.098 Total Income 5,263 253,340 258,603 180,099 Expenditure Expenditure on charitable activities Total expendituro 4.225 253.467 257,692 153.924 4.225 253.467 257,692 153.924 Net Income and net movement In funds 1.038 {127) 911 26.175 Recon¢lllatlon of funds Total funds brought foNard Total funds carrSed forward 7,985 45.974 53,959 27,784 9,023 45,847 54,870 53,959 The stalement of financial aclivit18s includes all gains and losses r8cognised in the year. All incom6 and expenditure derlve from continulng actlvities. The notes on pages 17 to 25 form part of these financial statements. 15 Duncairn Community Partnership Limited Company Limited by Guarantee statement of Financial Position 31 December 2022 2022 2021 Note Fixed assets Tangible fixed assets 13 7,502 11,509 Current assets Debtors Cash at bank and in hand 14 23,933 37,298 61,231 41,908 14,038 55,946 Creditors: amounts falllng due within one year Nel current assets 15 (13,863) 47,368 {13,496) 42.450 Total ass•ts less current liabilities 54.870 53,959 Net assets 54.870 53,959 Funds of the charity Restricted funds Unrestricted funds 45,847 9,023 45,974 7.985 Total charlty funds 17 54,870 53,959 These financial statements have beeJn prepared in accordance with the provisions appllcable to companies subject lo the small companies, regime. These flnancial statements were approved by the board of trusle8s and authorised for issue on 28 September 2023, and are signed on behalf ol Ihe board by.. Mr Conor Maskèy {Chalr) TfU5t¢o The notes on pagos 17 to 25 form part of these financlal statements, 16 Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2022 General Infomiation The charity is a public benefit entity and a private company limited by guarantee. registered in Northern Ireland and a registered chariiy in Northern Ireland. The address of the registerad office is 290- 292 Anlrim Road. Belfast. BT155AA. Statement of compliance These financial st2taments have been prepared in compliance with FRS 102, 'The Financial Reparting Standard applicable in the UK and the Republic of Ireland,, the Statemenl of Recornmended Practlce applicable to charities preparirsg their accounts in accordanc8 With th8 Flnanclal Reportlng Standard applicabla in th& UK and Republic of Ireland (FRS 102) {Chariti8S SORP {FRS 102)), the Charities Act (Northern Ireland) 2008 and the Companles Act 2006. Accounting policies Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of ￿rtain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared In slerllng. which Is the functlonal cutrency of the entlty. Golng concern The charity has unrestricted reserves of £9.023 at the year end. The trustees have conslderad this position and have provlded further infonnalion at note 19 of these financial statements. Disclosure exemptlons The charlty has taken advantage of Ihe exemption in SORP 2015 from the requlremenl to produce a cashflow statement because it is a small charity. Judgemenls and key sources of estlmation uncertalnty The preparatlon of the financlal statements requires management to m8k8 judgom8nts, estimates and assumptions that affect the amounts r8POrted. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events thal are believed to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the discretion of the Iruslees lo further any of the charity's purposes. Designated funds are unreslricted funds earmarked by the trustees for particular future project or commitment. Restrlcted funds are subjected lo restrictions on their expenditure declared by the donor or through the t8rms of an appeal. and fall into one of two sub-classes: restricted income funds or endowment funds. 17 Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Financial Statements (contlnu8dJ Year ended 31 December 2022 Accountlng pollcles (con¢lnued) Incomlng resources All incomlng resources are included in the statement of financial activities when entitlement has passed to the charily., it is probable thal Ihe economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following sp8cific policies are 8ppli6d lo particular calegories of income.. income from donations or grants is recognised when there is ewdence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income Is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this 18 Impractical to measure reliably, In whioh case the value is deriv8d from the cost to the donor or the estlmaled resale value. Donat8d facilitles and s8Nices are recognised in the accounts when received if the value can be reliably metisured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of Ihe contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which Case il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of finanGi81 aclivit18S to whlch It relates.. expendltur8 on raislng funds includes the costs of all fundraising actlvllies, 8venls, non-charilable trading activities, and th8 sa18 of donated goods. expenditure on charitable activities includ8s all costs incurred by a charity in undertaklng activities that further its charitable aims for the benefit of its beneflclaries, including those support costs'and costs re18ting lo the governance of the charity apportioned to charitable actlvitles. olher expenditure inGludes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable aclivities. All costs ar8 allocated to expenditure categories reflecting the use of the rasource. Direct costs attributable to a single activity are allocated directly to that aclivily Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Tangiblo assets Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulaled depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded al the fair value al the date of revaluation less any subsequent accumulated deprecialion and subsequent accumulated impairment losses. 18 Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Financial Statements {Gonllnued) Year ended 31 December 2022 AcGountlng policles f¢ontlnued) Tangible assets (continuedj An increase In the carrying amount of an asset as a result of a revaluation, is recognlsed in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expendilure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in olher recognised gains and losses, except to which it offsets any previous rgvaluation gain, in which case the loss is shown within other recognised gains and losses on the stalement of financi81 activities. Depreciatlon 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- Fixtures and fillings 250/0 Straight line Impalrrnent of flxed assets A revi8w for Indicators of Impaimient is carrled out at 8ach r&porting date, with the recoverable amount being estimated wher8 such indicalors 8XlSt. Where the carrying value exceeds the recoverab18 amount, the asset is impaired accordlngly. Prior impairments ar8 also r8viewed for possible reversal at each reporting date. For the purposes of impairment testing, when il is nol possible to 8slimate the recoverable amount of an individual asset, an eslimale is made of the recoverable amount of the cash-generating unil to which the asset belongs. The cash-generating unil is the smallest identifiable group of assets thal includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assels. For impalrment testing of goodwill. th8 goodwll acquired in a business combinatlon is, from th8 acquisllion date. allocated to each of the caSh￿enerating units that are expected to banefit from the synergies of the combination, irrespeclive of whether other assets or liabililies of the charity are assigned to those units. Dèflned contributlon plans Contributions lo defined contribution plans are recognised as an expense in the period in which the related seNice is provided. Prepaid conlributions are recognised as an asset lo Ihe extent that the prepayment will lead to a reduction in future paymenls or a cash refund. When contrlbutions are not expected to be setlled wholly within 12 months of the end of the r8POrting 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 as an expense In the period in which it arises. Limlled by guarantee The Charity is a company limiled by guarantee and has no share capital. In the event of tha charity being wound up. the liability in respect of the guarantee is limiled to £1 per member of the charity. 19 Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2022 Charltable activiti8S Unrestricted Funds Restricted Total Funds Funds 2022 Belfasl City Council - PCSP International Fund for Ireland Belfast City Council - Peace in the Park Belfast City Council - Brilliant Traits LiTneston8 Barclay's CFF Newington HA Co-operations Ireland Intercomm TEO Belfast Interface YoLfth Justice Agency SPE Conlracl Ltd 2.360 220.310 14,980 10,000 300 500 1,000 2,360 220,310 14,980 10,000 300 500 1,000 5,252 5.252 1,250 1.250 2,640 2,640 5,252 253,340 258,592 Unrestricted Funds Restricted Total Funds Funds 2021 Belfast City Council - PCSP International FLtnd for Ireland Belfast City Council Peace in the Park Belfast City Council - Brilliant Trails Limestone Barclays CFF Newington HA Co-operations Ireland Intercomm TEO Belfast Interface Youth Justi￿ Agency SPE Contracl Ltd 174,257 174,257 1,350 1.350 3,484 3,484 500 500 507 507 1,350 178,748 180,098 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Bank interest receivable 11 20 Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Financial Statements (conth>ued) Year ended 31 December 2022 Expendlture on charitable actlvltles by fund type Unrestricted Funds Restricted Total Funds Funds 2022 Delivering community events and activities Support costs 4,225 80,800 172,667 85,025 172,667 257,692 4,225 253,467 Unrestricted Funds Restricted Total Funds Funds 2021 Deliverlng community events and activities Support costs 32,080 121,844 32,080 121,844 153,924 153.924 Analysls of support costs Analysis of supporl costs activity 1 Tolal 2022 Total 2021 Staff costs Premises Finance costs Governance costs 160,221 7,975 204 4,267 160,221 7,975 204 4,267 107,842 7,587 212 4,331 172.667 172,667 119,972 Net Income Net income Is stated after chargingllcredlting): 2022 2021 Depreciation of tangible fixed assets 4,007 4,682 10. Audltors remuneratlon 2022 2021 Fees payable for the audit of the financial statements 3,638 3,465 21 Duncairn Community Partnership Limited Company Limlted by Guarantee Notes to the Financial Statements (conlknuodj Year ended 31 December 2022 11. Staff costs The total staff costs and employee benefrts for the reporting period are analysed as follows: 2022 2021 Wages and salaries Social security costs Employer contributions to pension plans 148,932 8,754 2,535 102,379 5,322 2,012 160,221 109,713 The average head count of employees during the year was 6 (2021.. 4). No employee received employee benefits of more than £60,000 during the year <2021: Nil>, Key Management Personnel The key management personnel of the charily comprise Ihe Trustees and the Programme Manager. The lotal employee benefils of Ihe key management personnel of the ch8rily tolal £41,313 {2021.' £34,763) 12. Trustee remunaratlon and expenses The charity trustees were not paid from employment with Ihe charity, £Nil (2021.. £34,763). They were not reimbursed expenses during the year. No Trustee received paymenl for professional or other services supplied lo the charity. 13. Tanglble flxed assets Fixtures and fittings Cost At 1 January 2022 and 31 December 2022 Depreclation Al 1 January 2022 Charge for the year At 31 December 2022 21,954 10,445 4,007 14,452 Carrylng amount Al 31 December 2022 7,502 At 31 December 2021 11,509 14. Debtors 2022 2021 Other debtors 23,933 41.908 22 Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Financial Statements (eontinued) Year ended 31 December 2022 1S. Credltors: amounts falllng due wlthln one year 2022 2021 Accruals and deferred income 13,863 13,496 16. Penslans and other post retirement benefits Defined ¢ontribution plans The amounl recognised In income or expenditur8 as an expense in re5ation lo deflned contribution plans was £2,535 {2021'. £2.012). 17. Analysls of charltable funds Unrestricted funds At 1 January 20 22 At 31 De¢emb6r 2022 Income Expenditure Transfers General funds 7,985 5,263 (4,225) 9,023 At 1 January 20 21 At 31 Dec8mb8r 2021 Income Expanditure Transfers Gen6ral funds 6,272 1,351 362 7,985 23 Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Financial Ststements {contlnued) Year ended 31 December 2022 17. Analysls of charitable funds (contlnued) Restricted funds At 1 January 20 22 At 31 December 2022 Income Expenditure Transfers International Fund for Ireland - Peace Barriers Llmestone Belfast City Council B81fast Interface SPE Contract Ltd International Fund for Ireland - PYDP Belfast City Council - Brillianl Trails IFI- Sumrner InteNention Programme TEO 44,068 899 129.479 6,800 14.980 (159,291) {6.6971 (14.980) (5001 (507) 14,256 1,002 500 507 83,622 (64,283) 19,339 10,000 10,000 7,209 1,250 (7,209) 1,250 45,974 253,340 (253,467) 45.847 At 1 January 20 21 At 31 December 2021 Income Expenditure Transfers Intemational Fund for Ireland Peace Barriers Limestone Belfast City Council Belfast Interface SPE ConlraGI Lld Intemational Fund for Ir81and - PYDP Belfast City Councll - Brilliant Trails IFI - Summer Intervention Programme TEO 4.232 1,918 15.362 174,257 3.484 (134,421) (4,503) (15,0001 44,068 899 {362) 500 507 500 507 21.512 178,748 (153,924) (362) 45.974 24 Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontlnu•d) Year ended 31 December 2022 18. Analysls of net assets between funds Unreslricted Funds Reslricled Total Funds Funds 2022 Tangible fixed assets Current assels Creditors less than 1 yaar Net assets 7.502 11.907 (10,386) 9,023 7,502 61,231 <13.863) 54,870 49,324 {3.477) 45,847 Unrestricted Funds Restricted Total Funds Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Net assets 11,509 9,972 (13,496) 7,985 11.509 55,946 (13,496) 53,959 45,974 45,974 19. Golng concern The financial statements have been prepared on the going concern basis which assumes Ihat the charily will continue in operational existence of the foreseeable future. The validity of this assumption depends upon Ihe conlinued support from the charitvs funders. The charity Is currently a going concem, however if unsucccssful in securing sufficient core funding, their ability to continue as a going concem may be uncerlain. If the charity was unable to contlnue in operational existence for the foreseeable future, adjustments would have lo be made to reduce the balance sheet values of assets to their recovcrablc amounls and to provide for the fulur8 liabilities that might arise, and to reclassify fixed assets and long term liabilitl8s as current assets Bnd current liabililies. The directors believe that it is appropriate for tho financial statements lo be prepared on the going concem basis. Trustees are looking to develop the organisation going fO￿ard so as lo suslain future growih. Since the year end the Trustees have continued to review Ihe financial position of the organisation. They are confident that steps which have been taken thus far will lead to continual improved performance being achieved in 2023. 20. Related partles Inler¢omm Ireland are a related party in that some of the Truslees are also Trustees in Duncaim C¢mmunily Partnership Limited. Duncairn Community Partnership Limited rented premises from Intercomm Ireland during the year for £7.975 {2021- £11,199)- Expenses relating to Intercomm Ireland amounted to £1.430 {2021: £NIL) and are included within Projecl costs. 25