Company Number: N1650620 Charity Number: NIC107614 Culmore Communlty Partnershlp Ltd (A company Ilmltod by guarantee) Directors, report and financial Statements for the year ended 31 December 2023
Culmore Community Partnership Ltd (A company limited by guarantee) Contents Page Tnfomiation Directorfs Report Independent Examiners, Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-13
Culmore Community Partnership Ltd (A company limited by guarantee) Information Directors Linda Bradley Hughes Michelle Burns - Resigned 3 August 2023 Fiona Cradden Neil Dohety Sean Hegaty Dermot McErlean Philip O'Neill Vyjayanthi Puliyur-vijayaraghavan Company No: N1650620 Charlty No: NIC107614 R¢gist¢red office Culmore Community Hub Victoria Hall 32-34 Culmore Point Road Derry BT48 8JW A¢countants McGroarty Mccafferty & Company Ltd Accountants & T&x Consultants 2 Carlisle Terrace Derry BT48 6JX Bankers ATB (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 2023. Objectives and activities Culmore Community Partnership delivers an accessible, free service to the people of CulmorG from our community hub in Victoria Hall. We engage regularly and ¢tTectively with local people through newsletters, surveys and our programmes and SeiceS to tap into their talents and to ensure that what we do is r¢l¢vant 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 and contribute to social cohesion. Underpinning this work are our key values of commitment to community development; honesty, integrity and transparency in how we work; respect for diversity and inclusivity; accessibility; coinpliance; being proactive and innovative in our approach. and practicing regular and effective engagement and communication. Directors and thelr Interests The directors of the charity for the purposes of charity law and througliout this report are collectively referred to as the directors. The directors serving during the year and since the year end were as follows: Linda Bradley Hughes Michelle Burns - Resigned 3 August 2023 Fiona Cradden Neil Doherty Sean Hegarty Dermot McErlean Pliilip OTrJeill Vyjayanthi Puliyur-vijayaraghavan Governing Document Tlie organisation is a company with Cliaritable status. The entity was incorporated on 29 January 2018. The company was established under Memorandum & Articles of Association which outlined the area of benefit and the objects of the charitable organisation. Risk Management The directors have a risk management strategy which consists of establishing a system of identifying risks and mitigating such risks. Results & Porformaneo The results and perfomiance for the year of Culmore Community Partnership Ltd are summarised in the enclosed accounts. Financial revfiew The financial performance is summarised in the enclosed accounts. Page 2
Culmore Community Partnership Ltd (A company limited by guarantee) Directors Report .¢ontinued Directors Responsibilities In Relation To The Fillancigl 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 tlie 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 tlie Cliarities SORP (FRS102); make judgements and estimates tliat 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 stateinents on tlie going concem basis unless it is inappropriate to Psume that the charity will continue in business. Tlie directors are responsible for maintaining proper accounting records which disc105e with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements coinply witli the Companies Act 2006. The directors are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the dire¢tors are aware; there is no relevant information of which the company's independent examiner is unaware, and the directors have tak¢n all the steps that they ought to have taken to make themselves aware of any relevant inforination and to establisli that tlie independent examiner is aware of that infom]ation. A resolution will be proposed at the Annual General Meeting that McGroaty Mc Caffety & Company Ltd 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 29 February 2024 and signed on its behalf by Dircctor ire Page 3
Culmore Community Partnership Ltd (A company limited by guarantee) Ind¢pendent examiner's report on the unaudited finan¢ial statements to the of Culmore Community Partnership Ltd We report on the accounts of the company for the year ended 3 l December 2023, which are set out on pages 5 to 13. Respe¢tive re5ponsibilltles of cbarlty dlrectors and examiner. As the charity directors you are responsible for the preparation of the accounts in accordance with the requirements of tlie Companies Act 2006. Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to; examine the accounts under section 65 of the Charities Act 2008; follow the procedures laid down in the general directions given by the Charity Commission for Nortliern Ireland under section 65(9)(b) of the Charities Act 2008. state wliether particular matters have come to our attention. Basls of Independent examlncr's roport We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general directions given by the Charity Commission for Nortliem Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the cliarity and a comparison of the accounts presented with those records. It also included a 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 inatters have come to our attention giving us cause to believe.. that accounting records were not kept in accordance with section 386 of the Companies Act 2006. that tlie accounts do not accord with those accounting records; that the accounts do not comply witli the accounting requirements of th¢ Section 396 of the Companie5 Act 2006 and the methods and principles of the Charities Statement of Recommended Practic¢ applicable to cliarities preparing their accounts in accordance witli the Financial Reporting Standard applicable in the UK and Republic of Ireland; that there is furtlier inforn]ation needed for proper understanding. Independent examiner's Statement As the charily's gross income exceeded £250,000 the examiner must be a member of a listed body. We can confirni tliat we are qualified to undertak¢ the examination as we are registered as members of Chartered Accountant Ireland whicli is one of the listed bodies. We have completed our examination and have no concerns in respect of the matters listed above and, in connection with following the directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention. lid On behalf of: McGroarty Mccafferty & Company Ltd Accountants & Tax Consultant5 2 Carlisle Terrace Derry BT48 6JX Date: 29 February 2024 Page 4
Culmore Community Partnership Ltd (A company limited by guarantee) Statement of Financial Activities for the year ended 31 December 2023 Unrestrlcted Funds Rcstrlcted Funds 2023 2022 Income and ExpendAture Incomlng Resources Grants & Sundry Income 55,630 268,228 323,858 334,l89 Total Incoming Rosources 55,630 268,228 323,858 334,189 Resources Expended Management & Administration Total Rcsources Expettdtd 11.831 339,717 351,548 321,752 11,831 339,717 351,548 321,752 Net Incomlng / (Outgoing) Resources 43,799 (71,489) (27,690) 12,437 Balan¢¢s brought forward l January 2023 44,309 273,001 317,310 304,873 Balances carried forward 31 December 2023 11. 88,108 201,512 289,620 317,310 The above amounts relate to continuing operation5 of the company. The company has no recognised gains and losses other than those included in the results above and therefore no separate statement of total recognised gains aiid losses has been presented. Tliere is no difference between the net incoming resources for the year stated above and their historical cost equivaleiits.
Culmore Community Partnership Ltd (A company limited by guarantee) Balance sheet as at 31 De¢ember 2023 2023 2022 Notes Flx¢d assets Tangible assets 248,206 315,309 Current assets Debtors Cash at bank and in hand 12,685 130,196 74,252 34,308 142,881 108,560 Current liabilities Bank loans and overdrafts Otlier creditors Accruals 1,362 95.426 4,679 696 57,511 48,352 10 101,467 106,559 Net current assets 41,414 2,001 Total assets Icss curront liabilities 289,620 317,310 Reserves Unrestricted Restricted 88,108 201,512 44,309 273,001 11 289,620 317,310 Page 6
Culmore Community Partnership Ltd (A company limited by guarantee) Balan¢¢ sheet (continued) Directors, statements requlr¢d by Sections 475{2) and (3) for the year ended 31 Docembor 2023 In approving these financial statements as directors of the company we hereby confinn: Tlie company was entitled to exemption from audit under s477 of the 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 tlieir responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of accounts. These accounts 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 29 February 2024. Dlrector Datc: 29 Fobruary 2024 Date: 29 February 2024 Registration No: N1650620 Page 7
Culmore Community Partnership Ltd (A company limited by guarantee) Notes to the accounts for the year ended 31 December 2023 General information The company is a private company limited by guarantee, registered in Northem Ireland. The address of the registered office is Culmore Community Partnership Ltd, Culmore Community Hub Victoria Hall, 32-34 Culmore Point Road, Derry, BT48 8JW. 1.1. Statement of compliance The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts. The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to ¢liarities preparing their accounts in accordance with the Financial Reporting Staiidard applicable in the UK and Republic of Ireland Charities SORP (FRSI 02), th¢ 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 value. The financial statements are presented in sterling which is th¢ functional currency ofthe charity. 1.2. Tanglble fixed assets and depreclatlo Depreciation is provided at rates calculated to write off the cost or valuation less residual value of eacli asset over its expected useful life, as follows: Fixtures, Fittings & Equipment 15 % Straiglit Line Income (i) Grants Grants represents all amounts received and receivable during the year. Capital grants are released to the profit and loss account in the year in which they are received in line with the SORP Accounting & Reporting by Charties. Revenue grants are credited to the Stateinent of Financial Activities in the year they are received. (li) Donations & administration income. This comprises amounts received during the year. Page 8
Culmore Community Partnership Ltd (A company limited by guarantee) Notes to the accounts for the year cnded 31 December 2023 Expendfiture (i) Direct Charitable Expenditure This represents all expenditure directly attributable to charitable causes. (li) 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 Community Partnership Ltd (A company limited by guarantee) Notes to the accounts for the year ended 31 December 2023 Income 2023 2022 Restricted Income Derry City & Strabane Council Big Lottery - Main Grants Big Lottery - Places & Spaces Co-operation Ireland Greater Shantallow Partnership Community Foundation Nl Nl Policing board Education Authority Clear The Community Pliarmacy LFT Trust Live Here Love Here Lottery Community Fund HaliftLX Foundation WHSCT Allstate Arts Council Apex Housing Association Electrical Safety Fund Ulster Garden Villages Architectural Heritage Fund 18,986 192,614 10,000 58,786 121,143 2,733 6,453 3,836 9,790 4,729 4,290 9,600 9,102 i 0,000 4,000 13,678 4,000 2,370 1,000 1,882 37,612 3,322 4,198 3,975 5,000 12,000 8,000 268,228 294,871 Unrestrlcted Income Donations Project Income - unrestricted 1,180 38,138 55,630 55,630 39,318 Total Income 323,858 334,189 (i) Restricted Funds Funds received which are earmarked by the Funder for specific purposes. Such purposes are within the overall aims of the organisation. (li) Unrestricted Funds Funds whicli are expendable at the discretion of the company in furtherance of the aims of the charity. In addition funds inay be held in order to finance capital investment and working capital. Page 10
CuImore Community Partnership Ltd (A company limited by guarantee) Notes to the accounts for the y¢ar ended 31 December 2023 Resourccs Expended Unrestrlcted Funds Restrlcted Funds Total 2023 Total 2022 Management & Administration Staff costs Festival expenses Programme costs Insurance Computer costs Rent & rates Light & heat expenses Printing,postage & stationery Telephone Repairs & maintenance Accountancy fees Sundry expenses Bank fees Depreciation of fixtures & fittings 6,205 120,718 1,071 92,844 2,887 927 2,816 10,745 10,231 3,609 6,803 1,200 126,923 1,071 94,756 2,887 927 2,816 10,745 10,391 3,609 6,803 1,200 161 608 88,651 92,965 13,499 88,356 2,056 1,245 2,051 9,617 8,444 2,886 11,414 1,200 1,966 633 85,420 1,912 160 161 608 85,258 3,393 11,831 339,717 351,548 321,752 Net Incomlng Resources 2023 2022 Net incoming resources has been arrived at after charging> Depreciation 88,651 85,420 Taxation No charge to taxation is due as tlie company has charitable status. Staff costs The average number of persons employed by the company during the year amounted to 7 (2022.4). The aggregate payroll costs incurred during the year were: 2023 2022 Wages and salaries Pension contributions 120,718 6,205 88,027 4,938 126,923 92,965 Pagc 11
Culmore Community Partnership Ltd (A company limited by guarantee) Notes to the accounts for the year ended 31 December 2023 Tanglble assets Fixtures, Flttlng & Equlpment Total Cost At l January 2023 Additions 569,464 21,548 569,464 21,548 At 31 December 2023 591,012 591,012 Depreclatlon At l January 2023 Charge for the year 254,155 88,652 254,155 88,652 At 31 December 2023 342,807 342,807 Net book vAlues At 31 December 2023 248,206 248,206 At 31 December 2022 315,309 315,309 Debtors 2023 2022 Grants due Prepayments 12,518 167 74,085 167 12,685 74,252 10. Current liabllltles 2023 2022 Credit card Taxes and social security cost5 Deferred income Accruals 1,362 3,292 92,134 4,679 696 2,485 55,026 48,352 101,467 106,559 Page 12
Culmore Community Partnership Ltd (A company limited by guarantee) Notes to the accounts for the year ended 31 December 2023 11. Movements in Funds At At l January Incomlng Outgolng 31 December 2023 resources resources 2023 Restricted funds: Total restricted funds 273,001 268,228 (339,717) 201,512 Unrestricted fund5: Total unrestricted funds 44,309 55,630 (11,831) 88,108 317,310 323,858 (351,548) 289,620 Purposes of Restricted Funds Restricted grants awarded to tlie charity 15 provided to cover the Core objects as explained in directors report. 12. Related Party Transactions There were no related party transa¢tions in th¢ y¢ar under review. 13. Limitcd by Guarantee The company is limited by guarantee and does not have a share capital. 14. Controlling Party Control rests with tlie directors. Page 13