Company Number: N1650620
Charity Number: NIC107614
Culmore Communlty Partnershlp Ltd
(A Company limited by guarantee)
Directors, report and financial statements
for the year ended 31 December 2024

Culmore Community Partnership Ltd
(A company limited by guarantee)
Contents
Page
Information
Director's Report
Independenl Exairiners, Report
Statement of Financial Activities
Balance Sheel
Notes to Ilie Financial Statements
8-13

Culmore Community Partnership Ltd
(A company limited by guarantee)
Information
Dire¢tor
Linda Bradley14ughes - R¢sign¢d 18 June 2024
Micli¢lle Burns - Appointed 23 July 2024
Fiona Craddeii
Neil Doherty
Sean Hegarty
Dern]ot McErlean
Philip Oweill
Vyjayanthi Puliyur-vijayaraghavan
Company No:
N1650620
Charlty No:
NIC107614
Registered office
Culmore Community Hub
Victoria Hall
32-34 Culmorc Point Road
Derry
BT48 8JW
Accountants
McGroarty Mccafferty & Company Ltd
Accountants & Tax Consultants
2 Carlisle Terrace
Derry
BT48 6JX
Bankers
AIB (NI)
Meadowbank
Strand Road
Derry
BT48 7fN
Page I

Culmore Comniunity 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 2024.
Objectives and activities
Culmore Community Partnership delivers an accessible, free service to the people of Culmore from our
community hub in Victoria Hall. We engage regularly and effectively with local p¢opl¢ tlirough newsletters,
surveys and our programmes and services to tap into tlieir talents and to ensure that what we do is relevant to
their needs. We engage witli neiglibouring areas to develop links that benefit local people socially and
ecoiiomically and reduce isolation. We deliver programmes for youth and the elderly; coordinate the local
delivery of essential services. and proinote 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 div¢rsity and inclusivity; accessibility.
coinpliance. being proactive and innovative in our approach; and practicing regular and effective engagement
and cominunication.
Directors and tlieir interests
The directors of tlie charity for the purposes of cliarity law and throughout this report are collectively referred
to as tlic directors.
The dir¢¢tors serving during tlie year and since the year end were as follows:
Liiida Bradley Hughes - Resigned 18 June 2024
Miclielle Burns - Appointed 23 July 2024
riona Cradden
Ncil Dohcrty
Sean Hegarty
Dcnnot McErlean
Philip OTrleill
Vyjayaiillii Puliyur-Vijayaragl)avan
Governlng Document
Tlie organisation is a company with charitable status. The entity was incorporated on 29 January 2018. The
ompany wa5 establishcd under Memoranduin & Articles of Association which outlined the area of benefit
and the objects of the cliaritable organisation.
Risk Managomcnt
The directors have a risk managemcnt strategy wliich consists of establishing a systein of identifying risks and
mitigatiiig such risks.
Results & Performancc
The results and performance for the year of Culmore Community PartnershTP Ltd are summarised in the
enclosed accounts.
Financial review
The financial perforinance is summarised in the enclosed accounts.
Page 2

Culmore Cotnmunity Partnership Ltd
(A company limited by guarantee)
Directors Report
.continued
Directors Responsibilities In Relation To Thc Financlal Statements
The Directors of Culinore Community Partnership Ltd for the purposes of company law are responsible for
preparing tl)e 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 rcquires tlie directors to prepare financial statements for each financial year that give a true and
fair view of the state of the affairs of the charity at tlie end of tlie financial year and of its surplus or deficit for
the financial year. lil doiiig so tlie directors are required to:
Select suitable accounting policies and apply them coiisistently;
observe metliods and principles in the Charities SORP (FRSI 02);
make judgeiiients and e5tiinates that are reasonable and prudent.
statc wlietlier applicable UK Accountiiig Standards have beeli followed, subject to any material departures
disclosed and explaiiied in tlie financial statements;
prepare tlie financial statements on tlie going ¢on¢ern basis unless it is inappropriate to presume that tlie
charity will continue in business.
The directors are respoiisible for maintainiiig proper accounting records which disclose with reasonable
accuracy at any lime Ilie financial posilion of tlie charity and enables them to ensure that the financial
statements comply willi the Coinpanies Aet 2006. Tlie directors are a150 responsible for safeguarding the
assets of tlic cliarity and hence for taking rcasonable steps for the prevention and detection of fraud and other
irregularities.
In so far as the directors are aware.
there is no r¢l¢vant infonnation of which the company's independent examin¢r is unaware, and
tlie dir¢otors hav¢ taken all the steps that tliey ouglit to liave taken to make themselves aware of any relevant
inforination and to cstablish that the independeiit examiner is aware of that information.
A resolution will be proposed at the Aniiual General Meeting that McGroarty M¢ Caffety & Company Ltd be
re-appoinled as accountants for tlie charity for the ensuing year.
Tliis report is preparcd in accordance witli tlie special provisions of part 15 of the Companies Act 2006
relating to small companies.
Tliis report was approved and authorised for, issue by the Board on and signed on its behalf by
Dircctor
Irector
.25151
2flslzS
Page 3

Culmore Community Partnership Ltd
(A company limited by guarantee)
Independent examiner's report on the unaudited financial statements to the of
Culmore Community Partnership Ltd
We report on tlie accounts of ili¢ company for the year ended 31 December 2024, which are set out on pages 5
to 13.
Rcspectlvo responsibilities of charity directors and examlner.
As tlie cliarity dircctors you are respoiisible for tlie preparation of the accounts in accordance with the
requirements of the Compaiiies Act 2006. Having satisfied ourselves that the charity is not subject to audit
under company law, and is eligible for iiid¢peiident exaniination, it is our responsibility to;
exainine tlie accounls under section 65 of tlie Charities Act 2008;
follow Ihe procedures laid down in tlie geiieral directions given by the Cliarity Commission for Northern
Ircland under section 65(9)(b) of tlie Chariti¢5 Act 2008.
state wlictlicr parlicular Inatters liave come to our attentioii.
Basis of independent examlner's report
We liave examined your charity accounts as required under section 65 of the Charities Act and our examination
was carried out in accordaiice with the general directions given by the Charity Commission for Northern
Ireland uiider Section 65(9)(b) of the Charities Act. Tlie examination included a review of the accounling
records kept by tlie charity 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 conceming any such inatters.
Our rol¢ is to state wlietlier any material iiiatters liave coine to our attention giving us cau5¢ to believc:
tliat accountiIig r¢cords were not kept in accordance witli section 386 of th¢ Companies Act 2006.
tliat the accounts do not ac¢ord witli those accounting records;
tliat tlie accounts do not comply witli the accounting requirements of the Section 396 of the Companies Act
2006 and the Inetliods and principles of tlie Charities Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the financial Reporting Standard applicable in the UK
and Republic of Irelaiid,
tliat there is furtlier inforinalion iieeded for proper understanding.
Independent examlner's statement
As tlie cliarily's gros5 incoine exceeded £250,000 the examiner must be a member of a listed body. We can
confirm that we are qualified to undertake tlie examination as we are registered as members of Chartered
Accountant Ireland which is one of tlie listed bodies.
We have completed our examination aiid have no concerns in respect of the matters listed above and, in
coiinection witli following the directions of the Charity Commission for Northern Ireland, we have found no
matters that require drawing to your attention.
On behalf of.
McGroarty Mccafferty & CO￿panY Ltd
Accountants & Tax ConsulÉanls
2 Carlisle Terrace
Derry
BT48 6JX
Date.. (kntrx ?01 S-
Page 4

Culmorc Community Partnership Ltd
(A company limited by guarantee)
Statement of Financial Activities
for the year ended 31 Docember 2024
Unrestricted
Funds
Restricted
Funds
2024
2023
Income and Expendituro
Incoming Resources
Grants & Sundry Iiicoine
74,315
389.202
463,517
323,858
Total Incoming Resources
74,315
389,202
463,517
323,858
Resources Ei xpcndcd
Maiiageinent & Administration
40,144
449,520
489,664
351,548
Total Resources Expended
40,144
449,520
489,664
351,548
Net Incoming l (Outgoing) Resources
34,171
(60,318)
(26,147)
(27,690)
Balances brouglit forward l January 2024
88,108
201,512
289,620
317,310
Balances carried forward 31 December 2024 11.
122,279
141,194
263,473
289,620
Tlie above aniounts relate to continuing operations of the company.
The company has no recognised gains and 105ses other than those included in the results above and therefore no
separate statement of total recogiii5ed gains and losses has been presented. There is no difference between the net
incoming rcsources for ilie year stated above and their historical cost equivalents.
Page 5

Culmore Community Partnership Ltd
(A company limited by guarantee)
Balance sbcet
as at 31 December 2024
2024
2023
Notes
Fixed assets
Tangible assets
184,646
248,206
Curront a$$¢ts
Debtors
Casli at bank and in hand
80,814
79,183
12,685
130,196
159,997
142,881
Current liabilities
Bank loans and overdrafts
Other Creditors
Accruals
1,634
75,395
4,14l
1,362
95,426
4,679
10
81,170
101,467
Net current assets
78,827
41.414
Total assets less current
liabilities
263,473
289,620
Reserves
Unrestricted
Restricted
122,279
141,194
88,108
201,512
11
263,473
289,620
Page 6

Culmore Community Partnership Ltd
(A company limited by guarantee)
Balancc sheet (continued)
Dire¢tors' statements requir¢d by S¢¢tions 475(2) and (3)
for tho yoar onded 31 December 2024
In approving tliese financial statements as directors of the company we liereby confirm:
The company was entitled to exeinptioii from audit under s477 of the Companies Act 2006 relating to small
oinpanies.
The Ineinbers have iiot required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
Tlie directors acknowledge their responsibilities for complying with tlie requirements of the Companies Act
2006 witli rcspcct to accouiiting records and preparation of accounts.
Tliese accounts liave beeii prepared in accordance with the provisions applicable to small companies subject to
tlie small companies regiine and in accordance witli FRSI 02 SORP.
Tlie accounts Iiave been approved aiid autliorised for issue by the board on
Dir¢ctor
Date:
Date:
Registration No: N1650620
Page 7

Culmore Community Partnership Ltd
(A company limited by guarantee)
Notes to the accounts
for the year endcd 31 Dccemb¢r 2024
General informatlon
The company is a private coinpany limited by guarantee, registered in Northern Ireland. Tli¢ address of
the registered olTice is Culmore Community Partn¢rship Ltd, Culmore Community Hub Victoria Hall,
32-34 Culmorc Point Road, Deny> BT48 8JW.
1.1. Statement of compliance
The priiicipal accounting policies adopted in the preparation of the financial statements are set out
below and have reiiiained unchaiiged from the previous year, and also have been consistently applied
witliin tlic same accounts.
Tlie charity constitutes a public benefit entity as defined by FRS102. The financial statements have
been prepared in accordance witli Accounting and Reporting by Charities: Statement of Recommended
Practice applieable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in tlie UK aiid Republic of Ireland Chariti¢s SORP (FRS 102), the Companies Act
2006 and tlie Charities Act (Northern Ireland) 2008.
The financial 51atements are prepared on a going concern basis under the historical cost convention,
modificd to included ccrtain items at fair value. The financial statements are presented in sterling
which is the functional currency of the charity.
1.2. Tangible fixed assets and depreciation
Depr¢¢iation is provided at ratcs calculated to write off the cost or valuation less residual
value of each asset over its ¢xp¢ct¢d us¢ful lif¢, as follows:
Fixture5, Fittings & Equipment
15 % Straight Line
Income
(i) Grants
Grants represents all amounts received and reccivable during the year.
Capital grants arc rcleased to the profit and loss account in the year in which they are received in
line with the SORP Accounting & Reporting by Charties.
Revenue graiits are credited to the Statement of Financial Activities in the year they are received.
(li) Donations & administration income.
This comprise5 ainounts received during the year.
Page 8

Culmore Community Partnership Ltd
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 Dccemb¢r 2024
Expenditure
(i) Direct Cliarilable Expendilure
This represeiils all expenditure directly attribuiable to charitable causes,
(li) Management & Adininistration
This includqs all otlier expenditure not directly allocated above and a portion of the overhead costs
attributable to manageinent and administration.
Page 9

Culmore Community Partnership Ltd
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 December 2024
In¢ome
2024
2023
Rostricted Income
Derry City & Slrabane Council
Big Lottery- Main Grants
Big Lottery- Places & Spaces
Grcater Sliantallow Partnership
Nl Policing board
Education Autliority
Clear
Villag¢ Catalyst Fund
Garfield Weston
Pilgrim Trust
The Honourable Tlie Irish Society
Tlie Community Pliarmacy
Lottery Community Fund
Halif￿ Foundation
WI-ISCT
Arts Council
Apex Flousing Association
Electrical Safety Fund
Architectural Heritage Fund
PHA Income
61,571
248,962
18,986
192,614
10,000
6,453
9,790
4,585
44
6,000
7,659
16,754
1,526
803
1,496
2,400
4,290
9,600
3,322
3,800
280
4,198
3,975
5,000
10,312
5,000
17,000
1,010
389,202
268,228
Unrcstricted Income
Donations
Projcct Income - unrestricted
2,105
72,210
55,630
74,315
55,630
Total Income
463,517
323,858
(i)
Restrlcted Funds
Funds received which are earn]arked by tlie Funder for specific purposes. Such purposes are within the
overall Lim5 of the organisation.
{ii) Unrestricted Futtds
runds wliicli are expeiidable at the discretion of the company in furtherance of the 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 2024
Resources Expended
Unrestricted
Funds
Rcstricted
Funds
Total
2024
Total
2023
Monagement & Administration
Staff costs
Festival expenses
Prograinme cosls
Insurance
Coillputer costs
Rent & rates
Light & Iieat expenses
Printing,postage & stationery
Telephone
Repairs & maiiitenance
Accouiilaiicy fees
Sundry expenses
Legal and professional fees
Bank fees
Depreciation of fixtures & fittings
15,944
169,821
185,765
126,923
1,071
94,756
2,887
927
2,816
10,745
10,391
3,609
6,803
1,200
161
20,772
112,005
3,035
990
3,192
11,422
7,905
4,070
6,762
1,873
35
38,062
695
89,653
132,777
3.035
990
3,192
11,422
7,905
4,070
6.762
1,873
37
38,062
695
93.079
608
88.651
3,426
40,144
449,520
489,664
351,548
Nct Incomlng Resources
2024
2023
Net incoming resources has been arrived at after charging>
Depreciation
93,079
88,651
Taxation
No charge to t￿atIOn is due as the company has charitable status.
Page 11

Culmore Communlty Partnersbip Ltd
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 December 2024
Staff costs
Tlie averagc number of persons employed by the company during the year amounted to 7
(2023.7).
The aggregate payroll costs incurred during the year were:
2024
2023
Wages and salaries
Pension coiilributions
175,525
10,240
120,718
6,205
185,765
126,923
Tangible assets
Fixtures,
Flttlng &
Equipment
TotAI
Cost
At l January 2024
Additions
591,012
29,520
591.012
29,520
At 31 Deceinber 2024
620.532
620,532
Deprcclgtion
At l January 2024
Charge for ilie year
At 31 December 2024
342,806
93,080
342,806
93,080
435,886
435,886
Net book valucs
At 31 Deceinber 2024
184,646
184,646
At 31 December 2023
248,206
248,206
Debtors
2024
2023
Grants due
Prepayments
80,606
208
12,518
167
80,814
12,685
Page 12

Culmore Community Partnership Ltd
(A company limitcd by guarantee)
Notes to the accounts
for the year ended 31 December 2024
10.
Currcnt liabilities
2024
2023
Credit card
Taxes and social se¢iirity costs
Deferred income
Accruals
1,634
3,220
72,175
4,141
1,362
3,292
92,134
4,679
81,170
101,467
11.
Movemonts in Funds
At
At
l January Incomlng Outgoing 31 December
2023 resources resources
2024
Restricted funds:
Total restricted funds
201,512
389,202 (449,520)
141,194
Unrestricted funds:
Total unrestricted funds
88,108
74,315
(40,144)
122,279
289,620 463,517 (489,664)
263,473
Purposos of Restricted Funds
Restricted grants awarded to tlie cliarity is provided to cover the core objects as explained in directors
report.
12.
Related PArty Transactlons
There were no related paty transactions in the year under review.
13.
Limited by Guarantee
The COlTJpany is limited by guarantee and does not have a share capital.
14.
Controlling Party
Control rests with the directors.
Page 13