Company Number: N1650620 Charity Number: NIC107614 Culmore Community Partnership Ltd (A company limited by guarantee) Dlrectors, report and fin#neiAI statements for the year ended 31 December 2022
Culmore Community Partnership Ltd (A company limited by guarantee) Information Dlrectors Linda Bradley Huglies Miclielle Bums Fiona Cradd¢n Neil Doherty Sean Hegarty Derinot McErlean Pliil ip OTrJeill Vyjayanthi Puliyur-vijayaraghavan Company No: N1650620 Charlty No: NIC107614 Reglstered office Culmore Community Hub Victoria Hall 32-34 Culmore Point Road Derry BT48 8JW Accountants McGroaty Mccafferty & Company Ltd Accountants & Tax Consultants 2 Carlisle T¢rrace Derry BT48 6JX Bankers AIB (NI) Meadowbank Strand Road Derry BT48 7TN Page I
Culmore Community Partnership Ltd (A company limited by guarantee) Director's Report The directors present their report and the financial statements for the year ended 31 December 2022. Objectives and activities Culmore Community Partnership d¢livers an accessible, free service to the people of Culmore from our community hub in Victoria Hall. We engage regularly and effectively with local p¢ople through newsletters, surveys and our programmes and services to tap into their talents and to ensure that what we do is relevant to their needs. We engage with neighbouring areas to develop links that benefit local people socially and economically and reduce isolation. We deliver programmes for youth and the elderly; coordinate the local delivery of essential services. and promote local arts, culture and heritage to attract visitors aiid contribute to social cohesion. Underpinning tliis work are our key values of commitment to community development. honesty, integrity and transparency in how we work. respect for diversiiy and inclusivilyg accessibility. compliance. being proactive and innovative in our approach. and practicing regular and effective engagement and communication. Dlrectors and tbelr interests The directors of the charity for the purposes of ¢l)arity law and throughout this report are ¢ollectively referred to as the directors. The directors serving during the year and since the year end were as follows: Linda Bradley Hughes Michelle Burns Fiona Cradden Neil Doherty Sean Hegarty Dern]ot McErlean Philip ON¢ill Vyjayanthi Puliyur-vijayaraghavan Govornlng Document The organisation is a company with charitable status. The entity was incorporated on 28 January 2018. The company was established under Memorandum & Articles of Association whicli outlined the area of benefit and the objects of the cliaritable organisation. Risk MaDagement The directors have a risk management Strategy which consists of establishing a system of identifying risks and mitigating such risks. Results & Performance The results and perfomance for the year of Culmore Community Partnership Ltd are summarised in the en¢los¢d accounts. Flnancial review The financial performance is summarised in the enclosed accounts. Page 2
Culmore Community Partnership Ltd (A company limited by guarantee) Directors Report .continued Directors Responsibilities In Relation To The Financial Statements The Directors of Culmore Community Partnership Ltd for the purposes of company law are responsible for preparing the Directors, Annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards ( United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each financial year that give a true and fair view of the state of the affairs of the cliarity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the directors are required to: select suitable accounting policies and apply them consistently; observe methods and principles in the Charities SORP (FRSI 02); make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on tlie going concern basis unless it is inappropriate to presume that the charity will continue in business. The directors are responsible for maintaining proper accounting records whiclj disclose witli reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Companies Act 2006. Th¢ directors are also responsible for safeguarding the assets of the charity and hence for taking reasonabl¢ steps for the prevention and detection of fraud and other irregularities. In so far &$ the direotors are aware: th¢r¢ is no relevant infonnation of wliicli the company'5 independent oxamin¢r is unawar¢. and the directors have taken all the steps that they ouglit to Iiave tak¢n to make thems¢lv¢s aware of any relevant information and to establish that th¢ independent examiner is aware of that inforination. resolution will be proposed at the Annual General Meeting that McGroaty Mc Cafferty & Co be re-appointed as accountants for the charity for the ensuing year. This report is prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. This report was approved and authorised for issue by the Board on 28 April 2023 and signed on its behalf by Director ctor Page 3
Culmore Community Partnership Ltd (A company limited by guarantee) Indep¢ndent examiner's report on the unaudited financial statements to the of Culmore Community Partnership Ltd We report on the accounts of the company for the year ended 31 December 2022, which are set out on pages 5 to 13. Respectlve responsibilities of Charlty dlrectors and examlner. As the charity directors you are respoiisible for the preparation of the accounts in accordance witli the requirements of tlie Compaiiies Act 2006. Having satisfied ourselves that the charity is not subject to audit under company law. and is eligible for independent exainination, it is our responsibility to; examine tlie accounts under section 65 of the Charities Act 2008; follow the procedures laid down in tlie general directioiis given by the Charity Coininissioii for Northern Ireland under section 65(9)(b) of the Charities Act 2008. stste whetlier particular matters have come to our attention. Basis of indopcndent examlner's report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with th¢ general directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accouiiting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as charity directors concerning any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe: that accounting records were not kept in accordance with section 3 86 of th¢ Companies Act 2006; tliat the accounts do not accord with those accounting reGords; that the accounts do not comply with the accounting requirements of the Section 396 of the Companies Act 2006 and the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with tlie f4inancial Reporting Standard applicable in the UK and Republic of Ireland; that there is further information needed for proper understanding, Independent examlncr's statement As the charity's gross income exceeded £250,000 the examiner Inust be a member of a listed body. We can confirm that we are qualified to undertake the examination as we are registered as members of Chartered Accountant Ireland which is one of the listed bodies. We have completed our exainiiiation and have no concerns iii respect of the matters listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, we have found no Enatters that require drawing to your attention. Onbc alf of: McGroarty Mccafferty & Company Ltd Accountants & Tax Consllltallts 2 Carlisle Tcrriice Dcrry BT48 6JX Date: 28 April 2023 Page 4
Culmore Community Partnership Ltd (A company limited by guarantee) Statement of Financial Activities for the year ended 31 Docember 2022 Unrestricted Funds Restrlcted Funds 2022 2021 Income and Expenditure Incomlng Resources Grants & Sundry Income 39,318 294,871 334,189 291,944 Total Incoming Resources 39,318 294,871 334,189 291,944 Resources Expended Management & Administration Total Resollrces Expended 13,328 308,424 321,752 275,179 13,328 308,424 321,752 275,179 Net Incoming / (Outgoing) Resources I l. 25,990 (13,553) 12,437 16,765 Balanc¢s brought forward l January 2022 18,319 286,554 304,873 288,108 Balances carried forward 31 December 2022 44,309 273,001 317,310 304,873 The above amounts relate to continuing operations of tlie Company. Th¢ company has no recognised gains and losses otlier tlian those included in tlie results above and therefore no separate statement of total recognised gains and Iosseb has been presented. There is no difference behveen the net incoming resources for tlie year stated above and their historical cost equivalents. Page 5
Culmore Community Partnership Ltd (A company limited by guarantee) Balance sheet as at 31 December 2022 2022 2021 Notes Fixed assets Tangible assets 315,309 290,256 Current assets Debtors Cash at bank and in hand 74,252 34,308 17,453 90,349 108,560 107,802 Current liabilities Bank loans and overdrafts Other creditors Accruals 10 696 57,511 48,352 910 79,464 12,811 106,559 93,185 Net current assets 2,001 14,617 Total assets less current liabilities 317,310 304,873 Res¢rves Brouglit forward at l January 2022 Unrestricted Restricted 11 44,309 273,001 18,319 286,554 317,310 304,873 Page 6
Culmore Community Partnership Ltd (A company limited by guarantee) Balance sheet (continued) Dlrectors, statements required by Sections 475(2) and (3) ror the year ended 31 December 2022 In approving these financial statements as directors of the company we hereby confinn: The company was entitled to exemption from audit under 5477 of tlie Companies Act 2006 relating to small companies. The Members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complyiiig with the requireinents of the Coinpanies Act 2006 with respect to accounting records and preparation of accounts. These accourtts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. The accounts have been approved and authorised for issue by the board on 28 April 2023, Dlrector ecto Date: 28 Aprll 2023 Date: 28 Aprll 2023 Reglstration No: N1650620 Page 7
Culmore Community Partnership Ltd (A company limited by guarantee) Notes to the accounts for the year ended 31 December 2022 General information The company is a private company limited by guarantee, registered in Northern Ireland. The address of the registered olTice is Culmore Community Partnership Ltd, Culmore Community Hub Victoria Hall, 32-34 Culmore Point Road, Derry? BT48 8JW. Statement of compliance The principal accounting policies adopted in the preparation of tlie financial statements are set out below and liave remained unchanged froin the previous year, and also have been consistently applied within tlie same accounts. The charity constitutes a public benefit entity as defined by FRSI 02. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applie2ble to charities preparing tlieir accounts in a¢¢ordance witli the Financial Reporting Standard applicable in tlie UK and Republic of Ireland Charities SORP (FRSI 02), tlie Companies Act 2006 and the Charities Act (Northern Ireland) 2008. The financial statements are prepared on a going concern basis under the historical cost convention, modified to included certain items at fair valu¢. The finaiicial statements are presented in sterling which is the functional currency of the charity. 1.2. Tangible fixed assets and deprecfation D¢preriation is provided at rates ¢al¢ulated to ivrite off the c05t or valuation less residual value of each asset over its expected useful life, as follows: Fixtures, Fittings & Equipment 15 % Straight Line Income (i) Grants Grants represents all amounts received aiid receivable duriiig the year. Capital grants are released to tli¢ profit and loss account in the year in which tliey are received in line with the SORP Accounting & Reporting by Charties. Revenue grants are credited to the Statement of Financial Activities in th¢ year tliey are received. (li) Donations & administration income. This comprises amounts received during tlie year. Page 8
Culmore Community Partnership Ltd (A company limited by guarantee) Notes to the accounts for the year ended 31 December 2022 Expenditure (i) Direct Charitable Expenditure This represents all expenditure directly attributable to cliaritable causes. (ii) Management & Administration This includes all other expenditure not directly allocated above and a portion of the overhead costs attributable to management and administration. Page 9
Culmore Con)munity Partnership Ltd (A company limited by guarantee) Notes to the accounts for the year ended 31 December 2022 Income 2022 2021 Restrlcted Income Deny City & Strabane Council Big Lottery - Main Grants Co-operation Ireland Community Foundation Nl Leafair Community Association Education Authority Clothworkers The Community Phamiacy LFT Trust Live Here Love Here Lottery Community Fund Halifax Foundation WHSCT Allstate Arts Council Apex Housing Association Ulster Garden Villages Architectural Heritage Fund 58,786 121,143 2,733 3,836 84,881 159,063 4,403 745 10,060 12,000 2,899 4,729 9,102 i 0,000 4,000 13,678 4,000 2,370 1,000 1,882 37,612 12,000 8,000 1,000 294,871 275,051 UDrestrlcted Income Donations Project Income - unrestricted 1,180 38,138 16,893 39,318 16,893 Totsl Income 334,189 291,944 (i) Restricted Funds Funds received which are eannarked by the Funder for specific purposes. Such purposes are within the overall aims of the organisation. (li) Unrestrlcted Funds Funds which are expendable at the discretion of the company in furtherance of tlie aims of the charity. In addition funds may be held in order to finance capital investment and working capital. Page 10
Culmore Community Partnership Ltd (A company limited by guarantee) Notes to the accounts for the year ended 31 December 2022 Resources Expended Unrestricted Funds Restrlcted Funds Total 2022 Total 2021 Management & Admlnlstratlon Staff costs Festival expenses Programme costs Insurance Computer costs Rent & rates Light & heat expenses Printing,postage & stationery Telephone Repairs & maintenance Accountancy fees Travel expenses Sundry expenses Subscriptions Bank fees Depreciation of fixturcs & fittings 4,938 88,027 13,499 85,902 2,056 1,245 2,051 9,617 8,226 2,886 9,645 1,200 92,965 13,499 88,356 2,056 1,245 2,051 9,617 8,444 2,886 11,414 1,200 76,473 15,113 70,338 1,980 2,454 635 4,737 7,095 2,701 2,734 1,273 291 144 35 554 91,076 218 1,769 1,754 212 1,966 633 83,225 633 85,420 2,195 13,328 308,424 321,752 275,179 Net Incomlng Resources 2022 2021 Net incoming resources has been arrived at after charging; Depreciation 85,420 91,076 Taxatlon No charge to taxation is due as the company has charitable status. Page 11
Culmore Community Partnership Ltd (A company limited by guarantee) Notes to the accounts for the year ended 31 December 2022 Staff cost5 Tlie average number of persons employed by the company during tlie year amounted to 4 (2021.4). The aggregate payroll costs incurred during the year were: 2022 2021 Wages and salaries Pension contributions 88,027 4,938 71,349 5,124 92,965 76,473 Tangible assets Fixtures, Fltting & Equipment Total Cost At l January 2022 Additions 458,990 110,473 458,990 110,473 At 31 December 2022 569,463 569,463 Depreclatlon At l January 2022 Charge for the year At 31 December 2022 168.734 85,420 168,734 85,420 254,154 254,154 Iyet book valucs At 31 December 2022 315,309 315,309 At 31 December 2021 290,256 290,256 Debtors 2022 2021 Grants due Prepayments 74,085 167 17,453 74,252 17,453 Page 12
Culmore Community Partnership Ltd (A company limited by guarantee) Notes to the accounts for the year ended 31 December 2022 10. Current liabilities 2022 2021 Credit card T¢S and Social security ¢OSts Deferred income Accruals 696 2,485 55,026 48,352 910 78,353 12,811 106,559 93,185 11, Movomonts In Funds At At l January Incomlng Outgoing 31 December 2022 resources resources 2022 Restrlcted funds: Total restricted funds 286,554 294,871 (308,424) 273,001 Unrestrlcted funds: Total unr¢stricted funds 18,319 39,318 (13,328) 44,309 304,873 334,189 (321,752) 317,310 Purposes of Rcstrlcted Funds Restricted grants awarded to tlie charity is provided to cover tlie core objects as explained in directors report. Related Party Transactlons There were no related party transactions in the year under review. 13. Llmlted by Guarantee The company is limited by guarantee and does not have a share capital. Page 13