Duncairn Community Partnership Limited Company Limited by Guarantee statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 Period Iroin 1J8n2310 31 Mar 24 Year to 31 Mar 25 UnTe$lricted Restricted funds funds Total funds Total funds Note Income and endowrnents Charitabl8 adivitl8S Inveslmenl income 1.500 136 215,311 216,811 136 275,654 128 Total incorne 1.636 215.311 216,947 375.782 Expenditure Expenditure on charitable aclivhies 4,827 190.214 195.041 320,607 Total expendilure 4.827 190.214 195.041 320.607 Net incomel(expenditurel and ngt movement in funds {3.1911 25,097 21.90G (44,0251 Recon¢iliatlon of funds Tolal lunds brought forward Total funds carried lo￿ard 10.045 10.045 54.870 6.854 25.097 31.951 10.045 The sl8lem8nt of financial activities includes all gains and tosses recognised in the year. All income and expendilure derive trom continuing acliv1￿es. The notss on page5 17 to 25 form part of these flrran¢ial statemonls. 15 Duncairn Community Partnership Liniited Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets rangible fixed assets 13 2.814 Current A*qP_t_* Deblors Cash al bank and in hand 14 35,135 14,647 49.782 32,684 4.043 36.727 Creditor5: amounts falling due within one year Nèt curr8nt as￿￿t* 15 {17.8311 31.951 (29.4961 7,231 Total assets le5$ current liabilities 31.951 10,045 10,045 Nct assets 31,9S1 Fund5 of the charity Reslricled funds Un[estric￿￿ funds 25.097 .854 10,045 Total charity funds 17 31.951 10,045 These finanoal slalem8nts have been prepared In accordanee with the provisions appllcable lo companles sublecl to the small companies. regime. ThE5E statements were approved by the board of 1JiJslees and auihorlserj For Issue on 2 J seF..£0.￿, and ar8 signod on behalf ofthe board by: Mr Conor Maskey {ChaK) Trustee The nvtBS on pag95 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 March 2025 General infonnation The charily is a public benefit enlily 8nd a privale cofftpany lirnileil by guatanlee. fegislered in Northern Ireland and a regislered charily in Northern Ireland. The address of Ihe regi%Ie￿d office is 290- 292 Anlrim Road. Belfast, Bf155A Statement of compliance These Iln8nthal slalemerlls have been prepared in compliance wlh FRS 102. 'The Financial Reporting Standard applicable in the UK alld Ihe Republie of ITeland', the Slatement of Recomrnended Practice applicable lo chaTities prepariThJ Iheir accounts in accordance with the nancial Reporting Standard appltcable in ihe UK and Republic of Ireland (FRS 102) (Charibes SORP (FRS 1021). the Charitiés Acl {NorthÉm Ireland) 2008 and the Companies Acl 2006. Accounting policies Basis of prBparation The financial stalements h￿e been prepared on the historical cost basis, as modified by Ih revaluation of certain financial assets and liabilili8s and investrnenl properties measured al lair value rhrough tncome or expendiwre. The financrdl stalements are prepareil in sleding. which is the functional currency of the entity. Going concern The charily has unresliicled reserves of£6.854 at the year end. The Irustees have considered this posiiion and have pmwded further infomiation at nole 19 01 Ihesg finanaal slatemgnts. DisG105ure exemptions The charity has laken advanloge of the exemption in SORP 2015 from the requirement ID produce a cashflow stalement because St Is a %nall ch8rily. Judgements and key sources of estimation uncertalnty The preparalton of the financi81 slatements require5 management to make judgements. eslimates and assumptions that affect Ihe arnounts reported. These estimates and judgements are conllnually reviewed and ara based on experienco and other faclors. including gxpeclalions of fijlure events that are belleved lo be reasonabte under Ihe circumstances. Fund a¢¢ounting Unrestricied lunds are available for use at the discretion of the trustees to further any of the charivs purposes. Designaled funds are unreslricteL1 fvnds eamiarked by the Irustees for particular future project or commitment Restrtcled funds are subjected lo restrictions on their expendsture declared by Ihe donDr orthrough the lerms of an appeal. and fall into one of iwo sub-classes: restricted ￿COrne lund5 orendowrnenl funds. 17 Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Financial Staternents (con¢uiuBdJ Year ended 31 March 2025 Accounting policie5 fconunued) Incoming ro50ur¢es All incoming resources are included in the slalemenl of financial adivities when entitlement has passed to the charity.. it 13 probELblc that thc oconomic bènafiis 26soualed with the iransaction will flow to the charity and the amount can be reliably measured. The lollowing specific policies are applied Lo particular categories of income: income from donations or grants is fecognised when there is evidence ol enlillemonl lo ¢he gifL recelpl is probab￿ and ils amount can be measured reliably. 1è9acy Ineome is TeCO9niged when r8rj3.ipt is pmhAblÈ and enlillemenl is estabfished. incom8 frotn donated good5 is measured at the fair valua of the go(MJs unle&s this Is Impraclical lo measure reliably. in which case the value is derived from the cosl lo Ihe dunor ur thè estimated resale valuo. Donaled facilities ar￿ SErvlbes are reGogTri5ed in the accounts when receNed if Ihe value can be rel￿blY measured. No amounts are included for the contribullon of general volunleers. income from contracts lor Ihe supply of Servi￿ is recognised wilh the delivery.of the conlracled seNiGe. This is classified as unreslficled funds unless there is a contractual requiremenl for il lo be spent a partkular purpose and relurned if unspent, in which cas8 it may be regarded as ￿SIr￿cled. ResourcB5 expended EKpenditure is recognised on an accTua15 basis a5 a liability Is incurred. ExpersUltur8 Includes any VAT which cannot be fully iewered. and is dassified under he8dlngs ofthe 51alemenl ol financial aclivili2s to which il relates.. expenditure on rntsing lunds indudes the costs of all ftJndraising activllies. events. non- charitable trading aclNities, and the sale of donated gucrtfjs. expgndilute on charitabfe acuviknes Indudes all Gosts inCu￿ed by a charity in underlaklryJ activities that further ils charitable aims for the benefit ol its beneficiaries. including those support costs aThJ c051s relabng lo Ihe governance of Ihe charity apportioned to charitable activittes. otherexpendÈlur8 Indudes all expenditure Ihal is neiiherrelated to rdi%ing funds for the ¢harity nor part of ils expenditure on charitable adivities. All costs are all￿(ed to expencfilure categorres reflecting the use of the resource. Direct costs attributsble lo a single aclivily ar8 allocated direeuy lo that aclivtiy. Shared costs ar8 apporlioned be￿een the actMtie5 they (*Jnliibute to on a reasonable. juslifiable and consistent basks. Tangiblè assets Tanglble a558ts are initially recorded at cosl. and subsequenily stated atcosl less any accumulaled depreciation and impairmenllosses. Any tangible assets carried al revalued amounts aTe recorded al the fair value al the dale of revaluation less any subsequent accumubated deprecialion and subseqLEenl accumulated impairmenl losses. Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Financial Statements fconlinued) Year ended 31 March 2025 Accounting policies fcontpnuedj Tangible assets {¢anelrtued) increase In the carry"Ing amount of an asset as a result ol a revaluation. is fecognised in oiher rccogni4¥cd gain- unlc= il rever￿e- a Gharge lor impaimiont that has prgviously been re¢ognised as gxpendilure viilhln the sla16menl of financial acb'vities. A decrease in the carrying amount of an asset as a result of revalual¢on. is recogni5ed in other recognised gains and losses. except to whlch il offsets any pitsviovs ievalualion gain, in which Case Ihe10ss Is shown within other recognised gains and losses on Ihp slal8ment of financial aclivilies. Depreciation Oeprecialion is calculated so as lo wrile off the costor valuation of an asset, less lis residual value. over Ihe uscful economic life of Ihal asset as follows.. rixtur85 and liltings 25% 9traight Irne Impairment of fixed assets A review ror ifidlcators of Impalrmenr Is carrted out at each repotts'ng ddtE. WIIIL Ilitr iewv¥rabl amount being estimated where such indi(alors 8xisl. Where the carrying value exceeds the iecoverable amounl. tre asset is impaired accordingly. Prlor imp8lm)ents are also reviewed for possible reversal at each raporting date. For the purposes of impairment lesling, when it15 not Possible lo esllmate the recoverable amount of an individual ass61. an estimate is made of the recoverable amount of the cash-generaling unil lo whiGh the a5sel belongs. The cash-generating unit is the 3mall¢¥l idenlifi8ble group of as- Ihal indudes the asset and gEnerates cash inifows that largely independent ol the cash inflDWS from other assets or groups of assels. For impaimient lesling of goo¢fv￿ll. Ihe goodwll acquired in a tNJsiness cornbinatlon is. from the acquisition dale. allocaled to each ol the cash-generating units that are expected lo benefli Irom the synergies of the combin81ion, i￿espectiVe of whethei other assets or liabilities of the chaiily are assigned to Ihosa unils. Deflned contributian plans Conhibutions lo defined contribution P￿nS are reGognlsed 88 an ￿Pense in the period in whith Ihe related service is provided. Prepaid conlrilyjlions ar8 recognised as an ass81 lo the exlent that the prepayment will lead to a reduction in future paymen15 or a cash refund. When contribulions are not expeGied lo be sellled wholly wilhin 12 months of Ihe end of th8 reporting date in whlch the employe&s render the related servlce, Ihe liability is measured on a discounted present value basis. The unwindiThJ of the discounl is recognised as an expense in Ihe pariod in which it ar6ses. Llmlted by guarantee The ChaTity is a coinpany fimited by guarantee and has no share Gapilal. In Ihe event of the chafily being wound up. Ihe liabllty li respecl ol the guarantee is limiled to £1 per member of IhB charity. 19 Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Financial Statements (¢onllrtueLIJ Year ended 31 March 2025 Charllable activ5ties Unresfricted Funds Reslrlcled Total Funds Funds 2025 Intomational Fund for Irgland Bellasl City Council- Peace in the Patk Belfast City Counul- Brilliant Trails Limestone Inlercomm 209.311 209.311 6.000 6,000 1.500 1.500 1.500 215,311 216.811 Unresbicled Fund5 Reslricled Tolal Funds Funds 2024 InlernaThonal Fund for Ireland Belfast City Council - Peace in Ihe Parf( 8e5fasl Cily Council- Brllllant Trai15 Ltmeslone Inlercomm 269,314 4,000 269,314 4,000 540 540 1,800 1.800 1.800 273,854 275,654 Invèstment Income Unresiricled Total Funds Unrestri¢led Total Funds Funds 2025 Fund5 2024 Bank interest recewable 136 136 128 128 Expenditure on charitable activStie5 by fund type Unrestrltled Funds Re5tri¢t8d Total Funds Funds 2025 Dellveiing communily events and aclivilies Support cosis 4,827 50,181 140.033 55,008 140.033 4.827 190,214 195.041 Unrestricted Funds Restrlcted Total Funds Funds 2024 Oellverfng COMM￿lty events and acuvlttes Support cosis 1.809 347 98,648 219.803 100.457 220,150 320.607 2,156 318.451 211 Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Financial Statements (cDnlinuadJ Year ended 31 March 2025 Analysls ofsupport costs Analysis of support costs Total 2025 Tolal 2024 Staff costs Premises Finance cosls Govemance costs 127,210 7,500 237 5.086 127.210 7,500 237 5,086 140.033 106.766 18,075 278 5,012 140.033 220,150 Net inGotn8llExpenditure) Net Incompllexpendilure) Is slated afLer chargingllcrediling): 2025 2024 OepreGialion of langible fixed assets 2,814 4,688 10. Auditors remuneration Period fiom 1Jan2310 31 Mar 24 Year to 31 Mar 25 Fees payable lor the audit ol Ihe Ilnancial slalements 4.410 4.032 11. Slaff costs The lotal staff eosts and employee benelits for th8 roporting period are analysed as follows: Period ffDm 1Jan2310 31 Mar24 Year to 31 MaT25 Wage5 and salaries Social security costs Employer contributions to pension 119,034 6.406 1.770 176.571 16.118 4.096 127,210 196,785 The average head ￿U￿1 of employees during the yearwas 4 <2024: 5). No employee received employee benefils of more ihan £60.000 during the year {2024: Nil). Key Management Per$onnè5 The key manag8ment personnel of the charity comprise the Tntslees and the Programme Manager. The tolal eniployee benafitg of the key management personnel of th8 charfly lotal £40.421(2024'. £45,769) 21 Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Financial Statements {eantintsBdl Year ended 31 March 2025 12. Trustee remuneration and expen5èS The Charily Truslees were not paid or received any ather benefits from pmploymenl WIUI Uie Charily in Ihe year 12024.. ENILI. They were nol ieimbut5ed Tor travel expense during Ihe yeaT 12024'.N5LI. No charity trustee reGeived payment for professional or other selvices supplied lo (he charity12024.. £NIL). 13. TangiblÈ fixed assets Fixtures and fittings Cost At 1 April 2024 and 31 March 2025 21,954 Depreciation Al 1 April 2024 Charge for the year At 31 March 2025 19.140 2.814 21.954 Cdrryin9 arnount At 31 March 2025 Al 31 March 2024 2,814 14. Debtors 2025 2024 Olher debtors 35.135 32,684 15. Creditors: amounts falling duo within one year 2025 2024 Trade creditors AccTuals and deferred income Social security and other taxes 10,775 4,410 2.646 18,082 8,861 2,553 17.831 29,496 16. Pensions and other post retirement benefits Defined contribution plans The amount recognised in Income or pxpendf(ure as an expense in rela￿0￿ to defined contrlbvtlon plans was £1.77012024= £4,096). Duncairn Community Partnership Limited Company Limited by Guarantee Notes to the Flnancial Ststements fconlinu¢d) Year ended 31 March 2025 17. Analysis of charitable funds Unrestricled funds Af 31 March 2025 1 April 2024 Incorne &xpendilure Transfers General fvnds 10.045 1.636 (4.827) 6,854 At 1 Jarsuary 20 23 Al 31 March 2024 Income Expendilure Transfers General funds 9.023 l.Y215 t2.15fj1 1.250 10,045 Restrlcted fvnds Al 1 April 2024 At 31 MarGh 2025 Income ￿pendIture Transfers IntematiDn#l Fiind Inr Irelaiid - Peace Barriers Lirnestone Belfast City Counal Inlernallonal Fund for Ireland - PYDP Belfast City CouncO- Biilllant Trails TEO 209.311 1184.214) 25,097 6.000 16.0001 215,311 (190,214) 25.097 Al 1 January 20 Al 31 March 2024 Income Expenditure Transfers Inlemalional Fund for Ireland- Peace Barriets LlmeslTJn 8elfasl City Council International Fund for Ireland - PYDP Belf8St Clly Councli - Brilliant Trdils TEO 14.256 1,002 223.752 540 4.000 {238.008> 11,542) (4.0(Ks) 19.339 45,562 (64.901) 10.000 1,250 45.847 {10.000) 11.250) {1.250) 273.854 {318,451)