**COMPANY REGISTRATION NUMBER: NI054265 CHARITY REGISTRATION NUMBER: NIC108542** ## **TRIAX** ## **Company Limited by Guarantee FINANCIAL STATEMENTS** **31 MARCH 2024** ## **CLAREMOUNT** Chartered accountants & statutory auditors 43 Clarendon Street Derry BT48 ?ER TRIAX COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Page Trustees, annual report (incorporating the director's report) Independent auditorfs report to the members 13 Statement of financial activities (including income and expenditure account) 17 Statement of financial position Statement of cash flows 18 19 Notes to the financial statements 20 TRIAX COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the Charity for the year erKled 31 March 2024. Referoncg and adminlstratlvo detalls Registsred charty namo Triax Charity registratlon number NIC108542 Company registratlon number N1054265 Principal offico and registered Administration Block office loan Business Park Southway Derry-Londonderry BT48 9LH The trustOg8 George McGow8n Gery Quinn Donna McClo$key Derek Moore Kyle Thompson Danielle Devine Aileen McGuinness Strategy Manager Charles Lamberton Audltor Claremount FM Limited Chartered accountants & statutory auditor 43 Clarendon Street Derry BT48 7ER Bankers AIB Bank Meadowbank Branch strand Road Derry Solicitors Hasson & Cornpany 3941 Clarendon Street Derry TRIAX COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (¢ontrnu•d) YEAR ENDED 31 MARCH 2024 str￿tUre, govemance and management The organisation is a charitable company limited by guarantee, incorporated on 10 March 2005 and registered as a charrty on 10 March 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under it ArtiGles of Association. Recruitment and apwntment of management committee (Boa￿ of Directors) The Directors of the company are also charity trustees for the purposes of charity law and under the company's articles are known as members of the Management Commillee. Under the requirements of the Memorandum and Articles ol Association the members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. All members of the Management Committee gNe their time voluntarily and received no beneflts from the Charity. A number of Directors will retire by rotation and. being eligible, offer themselves for re-electton. Dlrectors Induction and Tralning All Directors are already familiar wtth the practical work of the Charity having been involved in a range of activities and events over several years. All directors are employed full time in the voluntary and community sector and have a high degree of competence and skill in running a community and voluntary organisation. Rlsk Assessment and Management The Board of Directors is duty-bound to review the major risks to which the charty is exposed. Tvrtj staff members attended a NICVA training session in order to begin the process of developing a risk register to help devise appropriate systems and procedures to mrtigate the risks the charity faces. Intemal Financial Risks a￿ alTrady minimised by the authorisation of all transactlons for project expenditure. Procedures are in place to ensure compliance with health & safety of staff, volunteers and service users. Oryanlsatlonal Structure The organlsats'on has a Board of up to 6 Dlrectors meet at least four times a year to receive Progress Reports from the strategy board relative to the various projects. The Board is responsible for ensuring the strategic direction and policies of the Charity. At present there are 8 Directors on the Board from a range of backgrounds. In an effort to maintsin a good skills mix. Directors are requested to provide a list of their skj'lls (and update it each year). A system of delegation is in place whereby day to day responsibility for the strategic and full operational development of the chanty rests with the Strategy Manager who in turn providey line management to all employees of Triax. The Strategy Manager is responsible for ensuring that the charty delivers the projects and services specified and that key performance indicators are met through a continuous system of personal action plans. line management. Managers meetings, Staff meetings and annual appraisal. TRIAX COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (¢onthJued) YEAR ENDED 31 MARCH 2024 ObJectiv•8 and actlvities TRIAX Partnership currently Comprises of 23 members, which include representatives from local communities, voluntary organisations, elected representatives, private sector and local statutory organisations. The Partnership has established 5 sub groups to a38lSt them in the identification. development and where appropriate the delivery of projects which aim to address the Programme's 4 strategic objectives of community renewal. social rer￿al, economic ￿neWa1 and physical renewal. TRIAX is a Neighbourhood Partnership Board that works with DSD North West Development Office on the delivery of the Department's strategy for Neighbourhood Renewal over a 7-10 year planning and implementation timeframe. The Partnership is located in the Southside of the city, ￿1¢h Includes within its area of benefit Bogside, Brandywell, Bishop Street, Creggan and The Fountain comprising a total population of approximately 16,200 residents. The objectives ol Triax Neighbourhood Partnership are: i. Develop and agree the Neighbourhood Renewal Action Plan with the Department. The Action Plan must se8k to improve the social, economic and environmental condilions of the Triax Cityslde Neighbourhood Renewal Area by.. Identifying evidence based needs., Detailing and priorilising the needs of the area that are to be met,. Detailing and prlorib'slng the actiVit￿S to meet that need; Advising of the needs of the area that are to be met: and Identifying how projects can be best delivered l.e. by ststutory, communitylvoluntary sector and private sector bodies. ii. Monitor the Action Plan on a quarterly ba$ls against action plan targets and provide an update to the Department. lil. Review the Action Plan annually and present to the Department for acceptsnce. In doing so the Partnership will.. Secure a balanced representation in respect of the Neighbourhood Renewal area., Liaise with the Department, other Nelghbourhood Partnerships and relevant bodies to ensure the interests of the local community are properly and fully refiected including promoting good community relations and avoiding duplicats'on of SeN1￿$. Only make Changes to the Code of Pra¢tlce with the consent of or by instruction of the Department,. Not have any direct funding responsibllities., the Partnership will focus on identrfying local priorities and will work to Influence and contribute to the detemining of Government spending priorrti'es for their neighbourhoods, and act as a vehicle for local plannlng and implementstion: Consent to the pU￿5C￿.0n by intemet and other media of the details of the Partnership membership to ensure openness and transparency. TRIAX COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) {¢onllnu•d) YEAR ENDED 31 MARCH 2024 The TRIAX City￿de Neighbourhood Renewal Partnership also work in line with the aims and objectives of the One Regeneration Plan for the City whith has been agreed in response to the Ministerial ca15 70 create and promote a deliverable vision for regenerats'on of the Derry Crty Council area, to secure the commttment of all stskeholders to that vision and to pursue singl&mindedly its implementation" Importantly, it represents an opportunity to move towards a joint economic development and regeneration strategy for all sectors in the North West. The mission of the Plan is.. "To deltv8r renewaS - economic, physical and social. building a stronger and more vibrant economy with increased prosperity for our Cty and Region, in ways which ensure that opportunities and benefits from regeneration are targeled towards the most deprived groups in our communities" Stratsgic rnport The following sections for achievements and perfomiance and financral review forn the strategic report of the charty. TRIAX COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (withiued) YEAR ENDED 31 MARCH 2024 Achi•vements and ￿rfOrManfA l. Trfax Ltd- Triax Nelghl)ourhoodPartnership Technical Assistance This project provides the Technical Assistance required for the Triax Nei9hbourhood Parthership Board to tske the lead in managing the Neighbourhood Renewal process in the Triax - Ctyside NRA and lo implement the Triax Neighbourhood Renevml Adion Plan. which addresses all 4 strategic objectives of Neighbourhood Renewal. The Triax Action Plan is being deliveredldeveloped as a working document and the action priorities are delrvered to assist in closing the gap be￿en those living in the Triax - Cityside NRA and the rest of society, where possible. The Triax ctyside NRA now has a strong community and voluntsry sector with many projects in place to actively improve the social, communty. economic and physical renewal in this area and work through the Sub Groups is ongoing to address priorities that need developed. Triax has been working very closely wth Derry Cty & Strabane District Council on the development of the Communty Planning process and the Local Strategic Growlh Plan for the Moor DEA, glving people a greater say in how services are delivered in their local area. Triax are contribuling to the emerglng Strategic Community Plan and have been central to the development of the Moor DEA Locality Plan and helping to shape the long-term social. economic and environmentsl regeneration of the Council area. Governance arrangements are currentiy being finalised in relation to how the Local Grovrth Plans lor the 7x DEAS and Strabane Town will be managed. Work on the £9 million regeneration of the iconic Brandywell Football, Greyhound stadium and new Playpark was completed and officially reopened last year. The regeneration project sees the completion of a new 955 seater stand that incorporates new changing rooms, media faulities, meeting spaces, safety control centre, along with standing accommodation for 270 spectslors adjoining the new stand that will bring the existing capacity for the ground to approximately 3,700. In addition to the stsnd, the project indudes a synthetic turf pitch, a Standalone dog track and state of the art children's play park. Triax has worked tireles51y with numerous partners over the past eight lo ten years to see this project developed and completed. 2. Bogside & Brandywell Initlatlve - frfax Nelghbourhoodmanagement Team The aim of the Bogside & Brandywell Initiative - Triax Neighbourhood Management Team ITNMT) Is to provide a strategic development team within the Triax Cityside NRA as an integrated unil designed to plan, develop, implement. monitor and review key activities and programmes that will facilitate the achievement of the strategic Obje￿IVeS of Neighbourhood Renewal (NR). This team co-ordinates and facilitates Ihe inclusion and participation ot local residents, community groups and statutory agencies to address and resolve communty Issues, to promote NR, to assist in the deltvery of the Neighbourhood Renewal Action Plan (NAP) priorities therefore improving the quallty of life for residents living in the Trlax - Cityside NRA. TNMT continues to lead the way in developing communty and social economy initiatives in the area. Tus Maith. the Ballymagowan Allotments, Tuming Triax Green, the Bogside Residents Parking Scheme and various interface projects have and will continue to make a drfference to the lives of local people. TNMT are central to ensuring that residents are engaged and informed ol local developments and initiatsves. TNMT have also been raising awareness of many community issues such as dog fovAing, fireworks and littering. TRIAX COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (conllnu•d) YEAR ENDED 31 MARCH 2024 3. Creggan County Park Enterprlses Ltd- Neighbourhood Renewal Support Project The aim of Creggan Country Park - Neighbourhood Renewal Support Project is to assist in the provision of a key environmental and Social economy organisation-country Park & Activity Centre thin the Triax - Cityside NRA with the core function of delivering a range of services and activities, such as, provision of outdoor activities and facilities to promote active lifestyle and heallhy living, provision of volunteering and tralning projects to enhance skills and employability including placement based training, environmental improvement projects to enhance local green space, environmental projects and programmes including environmental education, to promote volunteering and to deliver youth initiatives linking education wrth activity all of vthlch advocate community involvement, healthy lrfestyles and environmental friendly initiatives to improve the quallty of life within the Triax Ctyside NRA. During the year Creggan Country Park increased Its footfall and engaged with numerous groups, school and residents from across the Triax area and further afield. Much of the work is through environmental education, volunteering and publ￿ events. We are able to engage residents and schools from across the area in various activities including planting, clean ups. Halloween, Christmas and St Patrick's Day themed events whilst using the environment and recreation as the main tool. 4. Creggan Prn•Schooi & frainlng Trust- Famlly Support Prniect Creggan Pre-SchooS & Training Trust (CPTT) is a neighbourhood based project offering family support services, designed to enhance the lives and well being of residents in the TRIAX area. This year they have continued to work in partnershlp with the residents, statutory and ￿mmUnIty and voluntary agencies to provide accessible and effective services addressing social, educattonal and health inequalitie5. With the vital fvnding bodies continuing to support the project they have been able to offer a range of childcare. youth and family initiatives and also a full programme of educational activities addressing adults and the older generation's needs. Creggan Pre-school Training TNst {cprr) has worked in partnership wrth a number of organisations including Old Library Trust, Surestart, Family First Hub and NWRC to deliver a ran9e of health, training and education projects to parents, carers and families across the Triax area. These courses Include accredited and non accredited courses e.g. essential skills, IT and retum to leam prc*3rammes, GCSES Maths & English, ECDL. RSA Stages 1, 2 & 3, healthy lifestyle training I programmes, parenting programmes etc. 5. Fountsln Prlmary School. Trnnsport Links ftir Fountain Community The aim of the project is to provide social. recreational and cross community activities for pupils, parents, residents and senior crtizens including judo, swimmlng, gardening, music and dance, healthy lrfe Style activities, library visits, outdoor play activities, Senior Citizens, lunch, 'Cook-Ir and 'Time for Me, programmes. The project wll continue to develop a Confidenl community and allow members of the community to connect to the wider community ￿thin the City. ensure pupils feel that the Clty 15 a Shared City and allow parents to develop cross community contacts. Fountain Primary School and Nursery unTI y￿rk with numerous education, youth and community partners across the Triax Area. During the year pupils have engaged in a number of programmes including the Urban Willage Funded Resilience Programme delivered by the BogsKle and Brandywell Health Forum and k)cal youth providers. 6. Plnk Ladies Breast Cancer Support Gmup - Communlty Cancer Support This project Is focused on delivering counselling, complimentary therapies, listening ear services, TRIAX COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (¢onllnu•d) YEAR ENDED 31 MARCH 2024 individual and group support, sign p)$ting, positive livlng programmes, health promotion and education. awareness campaigns. accredited counselling training for residents, etc. for cancer support. The project will be delivered in community settings in each of the NR areas across the City and will address the implementab'on of Neighbourhood Renewal Action Plans across the City. The Pink Ladies Cancer Support Group have had a very successful year alongside many campaigns, awareness raislng events and individual work with those impacted by cancer the Pink Ladies received a massNe boost when they were funded by the Big Lottery to expand their services and programmes across Derry and Limavady. Support includes weekend advice services for people who are undergolng treatment Monday to Friday, ¢ounselllng, carers support activities, education progrdmmes for schools, communities and workplaces, and health and well-being activities. 7. The Old Library Trust- The Healthy Llving Centre The Old Library Trust {OLT), Healthy Living Centre provides neighbourhood-based social & health care pro9rammes & services designed to improve health and wellbeing w7thin Creggan. The OLT works in partnership with local residents, community groups, public health and social care provider5. Over 50 programmes and services are delivered annually across identified key a￿a$ ol delivery, vthich are Support for Older People, providing access to Prrmary Care Services at the Neighbourhot>J Level. The Old LTbrary Trust has celebrated one of its most successful years to date increasing Its programme and service delivery across the Triax area and beyond and working with residents to impfove the physical, mental and emots'onal health of residents. The provision of the new gym has extended the centre's capacity to engage 'at risk, groups including marginalised and under-represented groups e.g. adults with sedentary lifestyles,. older people., adults with learning needs.. LGBT community" adults and peO￿e ￿￿th chronic, long-tem or lif&limiting conditions. 8. Educatlon Authotfty- Youth Engagement Plus Youth Engagernent Plus is a partnership project developed by the Neighbourhood Partnership Boards and delivered by the Education Authority across 9 locations in the NR Areas. This project targets young people in the most deprived neighbourhoods b6tween the ages of 10-18. Youth Engagement Plus has built on the work on a number of independent youth providers who have been providing seNices funded by Dfc for a number of years. Creggan Neighbourhood Partnership, Dove House Communty Trust and Cathedral Youth Club are the three youth organisations in this area that deliver Youth Engagement Plus in partnership with the Education Authority. These organisations are central to the work of the Triax Youth sU￿group. The partnershlp work of these organisations alongside other youth and community prO¥￿er$ is vital for the delivery of diversionary programmes over the summer at times of high tension. 9. Derry Clty and Strabane Distrlct Council- A¢tNe Citlzenship thmugh Sport This project delivers a skills buildin9 pro9ramme that will enable people from groups with few qualifications, young people, the long-tenn unemployed, disabled people, women, local coaches and Community volunteers to take part in an integrated range of a¢credrted training opportunities alongside non accredited training opportunities in sport and physical activity, accredited coacheslvolunteers, increasing community involvement & communty self-esteem. Derry City and Strabane District Council in partnership with the Bogside and Brandywell Health Forum, Old Library Trust, Long Tower Youth Club, St Marys Youth Club and Cathedral Youth Club deliver this programme throughout the Triax Area. The key target for this programme 18 Older People, Health Programmes, Summer Activrty Programmes for Children and Young People. 10. Gasyard Wall Feile - Volunteer Investment Project TRIAX COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (condnu•dl YEAR ENDED 31 MARCH 2024 10. Gasyard Wall Feile- Volunteerlnvestment Project The aim of the Gasyard Ilvall Feile- Volunteer Investment Project (VIP) 1$ to promote active citlzenship through engagement with individuals living in the Triax - Cityside Neighbouthood Renewal Area. This project professionalises volunteering through a structured recruitment pr￿eSs. provides accredited training. policies and procedures for volunteers and a clear definition of roles and responsibilities. Volunteers are given the opportunity to participate in the Millennium Volunteers Programme where they can obtain a nationally recognised Award of Excellence. 11. Gasyard Developm•nt Trust- Salaries and Runnlng Costs The aim of the Gasyard Development Trust (GDT) - Core Salaries Project is to work directly Nlith earty learning years, youth and older people in providing learning and programme activities. GDT manages the Gasyard Centre, which is a facility that delivers services to the community ranging from Arts & Culture, health, education, children's servic8s, volunteering, communty safety and a community cafe that targets all generatlons of the communty. The project addresses community safety, health and wellbeing, education and skills and employment and economy within the Triax Action Plan. The Gasyard Development Trust provided a wide range of services and activities with 110k peop￿ in attendan￿ throughout the year. Wrth over 70 Y￿ekly programmes there is something for everyone to enjoy in arts, wellbeing, community safety. volunteering, training, social gatherings among others. Highlights this year inctuded the development of Ouf dance programme that works with IO0+ children each week tsaching them various fomis of dance including accredited Street Dance and Hip Hop Classes. This year they focused on accessibility with the centre receivlng recognition as an Autism Friendly and Demenb'a Awareness Environment. 12. Dove House Community Tntst- Advocacy Pmject The need for this project was identtfied through local knovledge and discussion at the Triax Healtrt Sub-group and was developed in partnership with WHSCT, DSD and PSNI. The project has engaged and supported women and families affe¢ted by domestic abuse and addiction. A vital aftercare service is also provided for women who have received Specialised interventions. to ensure positive integration back to family life and into the communty, promoting increased cohesion and participation. Durrng the year the Women's Advocacy Project provided meaningful intervenb'ons to 140* new local women a$ well as retuming service users from previous years. Interventions have included, creative support groups, various one to one sessions and signposting on to specialist $ervi¢es. It has also carried out successful Domestic Abuse awareness campaigns over the summer. Autumn and Christmas perbod. Through continued attendance at communty fairs, tocal shopping centres and summer evenls the Women's Advocacy continues to be V￿11 rooted throughout the communty and first point of contact for many victims of DomesUc Abuse. TRIAX COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (¢ontinued) YEAR ENDED 31 MARCH 2024 13. Western Health & Social Care Trust- Nelghbourhood Health Improvement PmJe¢t The project is developing a process to enable communities in each Neighbourhood Renewal Area to improve their health and well-being and recognises that each NRA is at a different level of capacity. development. population size, etc. and as a result the project seeks to provide appropriate supports to each NRA. The project aims to add value to existing V￿rk by developing a new way of addressing health improvement in NRAS through a collaborative and integrated approach. The Neighbourhood Health Improvement Project (NHIP) has continued to work towards improving health and wellbeing and reduce health inequallties In the Triax area. The NHIP is managed in the Triax area by the Bogside and Brandywell Health Forum and is supported by numerous groups the key tt)emes have been mens health, obeslty and mental health. The programmes include physlcal a¢tivty, gardening, ¢ounselling, stress management, mindfulness, women's support, cancer support and active ageing. 14. Shantallow Community Resldents Associatlon- Youth Educated In Safety Pmject This project provides young people with interactive workshops on health & safety issues and personal development programmes based on physical and mental health as well as personal safety and community Safety issues. These workshops and programmes include drug, alcohol and substsnce awareness, sexual awareness, anti-bullying, cultural and community relations, mediation and conflict resolution. building intergenerational relationships, hoax callslattacks on emergency services. ProA'e¢t activities also include environmental improvement (e.g. alternatives to bonfires, community murals etc. and health & fitness initiatsves (eg inclusive games. yoga & midnight street soccer). The Triax element of the programme was delivered in the Longtower Youth Club over two days. Year 6 pupils from the ten Primary Schoo15 within or adjacent to the Triax NRA participated in the programme. A totsl of three hundred and thirty five Primary Schools pupils thoroughly enjoyed and leamed a lot from the programme. A further eighteen Year 11 and Year 13 students from St Joseph's Boys took part in the programme as Mentors and guides for the younger pupils. 15. Cathedral Youth Club - Investsng in Young People, Famllles & The Community The aim of the Cathedral Youth Club - Investing in Young People, Families and the Community is to provide positive projects and programmes dealing with issues in the communrty and interface, engage young people in positive activities thus reducing the level of anti-social behaviour, provide a forum to develop and dellver cross community a¢tivities, promote the development of personal and social skills to achieve higher levels of education and employment and to assist young adults in job search and interview skills. Over the past year many activities have been successfulty carrted out in Cathedral Youth Club owing to the support of Neighbourhood Renewal Funding. One in parti¢iJlar which stands out meeting the objectives and outcomes relating to our project is The Ryan McBride Memorial football Tournament which took place in The Brandywell Foolball Stadium. Young people from all over the City took part which in itself brought young people together to play in a friendty competition building confidence and developing friendships. The young people from the Fountaln Estate now look IoTward to attending future football matches in The Brandywell Stadium seeing it as a shared space for everyone. 16. Community Restoratlve Justlce - NR Communlty Medlation SeThice This project, Communlty Restorative Justice (Ireland) - NW Region (CRJ) - Neighbourhood Renewal Community Mediation SeNice is focused on the Community Based Crime Prevention Policy which outlines that the organisation primarily focus on interventions at Level 1 (general needs associated with preventing the risk of crime) and Level 2 (specific needs directly associated wth crime}. This project does not work with Level 3 interventions (interlentions targeted at SFrtific individuals involved ## **TRIAX** ## **COMPANY LIMITED BY GUARANTEE** **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_ ## **YEAR ENDED 31 MARCH 2024** in crime either as a victim or as an offender). Over the past year CRJ (Triax) has provided mediation services, support to victims of crime, support to people with addictions, delivers OCN Child Protection and Restorative Justice Training, supports Community Relations' Projects, delivers in partnership CSl's and CPl's and signposts residents to the appropriate agencies. CRJ has played a key role in bonfire management and the development of the Fire Festival as part of the 15th August Feile Celebrations. CRJ have been involved in many community safety campaigns including road safety, anti-sectarianism, hoax bombs, floods, and home safety. ## _**17. Derry City Council - Community Safety Wardens Programme**_ This project is focused on responding to the individual needs of residents living in local communities by promoting community cohesion and improving the levels of cleanliness and attractiveness by reducing signal crime such as graffiti, damaged street lighting and fly tipping by reporting such matters to the relevant agencies, including the City Council - (enforcement of council byelaws), Department for Regional Development, the Northern Ireland Housing Executive and other Housing Agencies. The project will also focus on reducing the fear of crime and will implement crime prevention initiatives in order to reduce incidents of anti-social behaviour within each of the four Neighbourhood Renewal Areas (TRIAX~Cityside, Outer West, Outer North & Waterside). In the Triax area wardens are on duty from 12noon to 5pm Monday to Wednesday and from 5.30pm to 3.00am Thursday to Sunday. ## _**18. Bogside**_ & _**Brandywe/1 Initiative - Operation Fresh Start!Tus Maith**_ The aim of BBi - Operation Fresh Start/Tus Maith Project is to deliver an immediate rapid response team to remove graffiti, fly- tipping and litter to prevent areas becoming run down. The project will deliver environmental awareness programmes, workplace training opportunities, volunteering opportunities as well as being the core workforce for Community Improvement Schemes working with residents and statutory agencies this project tackles long term derelict community hotspots to address and resolve community issues, promote Neighbourhood Renewal and assist in the delivery of the Neighbourhood Action Plan priorities therefore improving the quality of life for residents living in the Triax ~ Cityside NRA. TM continues to provide support and assistance to residents across the area. Home assistance, painting, grass cutting and power-washing has again been complemented by the communal works, graffiti removal and educational campaigns that have characterised our work over the last 5 years. Tus Maith has worked in every part of this community and has engaged with thousands of residents and young people. ## _**19. Dove House Community Trust-Remedial Works**_ Dove House Community Trust is one of the key projects in the Triax area providing a range of community, family and youth services. The small grant for Remedial Works to Dove House has been discussed and supported at the Triax Infrastructure Sub-group and endorsed by the full Triax Board. The work will allow Dove House to enhance the facilities and provide a wider range of services to the local community. It is important that community facilities are kept clean, warm and to a standard that exudes professionalism. **- 10 -** TRIAX COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continu•d) YEAR ENDED 31 MARCH 2024 20. Dove House Communlty Trust- Core Salarfes The aim of the Dove House Communty Trust- Core Project is to manage the delivery of four key areas of y￿rk that include Neighbourhood Assist, Youth First and Adult Education & Training Programmes. It offers a comprehensive package of sep4ices designed to meet the needs of local residents of all age groups living in the Bogside and neighbouring areas. The project provides initiatives to address crime and anti-social behaviour, health and wellbelng 8nd provides training to address worklessness and education. Dove House has a number of projects located at three sites across the Triax a￿a. Dove House projects contribute to the well-being of local residents, including women, older people, people on low incomes or benefits or currently unemployed. These projects promote self-sufficiency, resident engagement and communrty participation. 21. Dery Clty & Strabane Dlstrlct Coun¢ll- Communlty Safety Wardens Pmgramme This project is focused on responding to the individual needs of residents living in local communities by promoting communty cohesion and improving the levels of cleanliness and attractiveness by reducing signal crime such as graffiti, damaged street lighting and fly tipping by reporting such matters to the relevant agencies. including the City Council - (enforcement of council byelaws), Department for Infrastructu￿, Ihe Northem Ireland Housing Executive and other Housing Agencies. The project also focuses on reducing the fear of crime and implementing crime prevention inikn'atives In order to reduce incidents of anti- social behaviour within each of the four Neighbourhood Renewal Area8 (rRiAX-Cityside, Outer West Outer North & Waterside). 22. Department for Infrastructure•fransport Nl Upgradlng FootW8ys and Resurfacing Carriageway at Lone Moor Road between Letterkenny Road and Brand￿ell Road. The Lone Moor Road upgrade of the footway and carriageway be￿een Letterkenny Road and 8randywell Road was widely welcomed by the local community as this stretch of road had been in a bad state of disrepair due to the laying on various pipes and cables in recent years. This project has also enhanced the wider £9million redevelopment at the Brandywell Stadium, Greyhound Track and Play Park. Flnanclal revlew The net incoming resources for the year was £143,588 (2023 - net incoming resources £54,380). The total reser4es at the year-end stood at £S80,470 {2023 - £436,882) Plans for future periods The Company plans to continue the activities as outllned above in the forthcoming years subj'ect to continuing salisfactory funding arrangement8. Trustees. responslbilltles statement The trustee5, who are also diredors for the purposes of company law, are responsible for preparing the trustees, report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿). 11 ## **TRIAX** ## **COMPANY LIMITED BY GUARANTEE** ## **TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)** _**(continued)**_ **YEAR ENDED 31 MARCH 2024** Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the applicable Charities SORP; - make judgments and accounting 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 the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They 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. ## **Auditor** Each of the persons who is a trustee at the date of approval of this report confirms that: - so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and - they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees' annual report and the strategic report were approved on 26th September 2024 and signed on behalf of the board of trustees by: **George McGowan Trustee** **----- Start of picture text -----**
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_C Nl'-_ )9=5 **Donna Mccloskey** _ki.s!ntsnued) YEAR ENDED 31 MARCH 2024 We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in intemal control that we identify during our audit. Use of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charty's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charily and the charity's members as a body, for our audit work, for this reporL or for the opinions we have formed. 14 Mr G G Heaney (Senlor Statutory Auditor) For and on behalf of Claremount Chartered accountants & statutory audltor 43 Clarendon Street Derry BT48 7ER 26" September 2024 16- TRIAX COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Total Income 1,121,818 1.121.818 1.121.818 1.121,818 910,415 910,415 Exp8ndlture Expenditure on charitable activities Total oxpendlture 978,230 978.230 856.035 978,230 978,230 856.035 Net income 143,588 143,588 54,380 Transfers between funds (6,883) 6,883 Not movomont In funds (6,883) 150,471 143,588 64,380 Reconclliation of funds Totsl funds brought forward Total funds carrled forward 436,494 429.611 388 436,882 580.470 382,502 436,882 150,859 The statement of financial activitses includes all gains and losses recognised in the year. A51 income and expenditure derive from continuing activits'es. Tho not•s on pages 20 to 27 form part of th￿e Ilnanclal $tstom•nts. 17- ## **TRIAX** ## **COMPANY LIMITED BY GUARANTEE** ## **STATEMENT OF FINANCIAL POSITION** ## **31 MARCH 2024** |**TRIAX**
**COMPANY LIMITED BY GUARANTEE**
**STATEMENT OF FINANCIAL POSITION**
**31 MARCH 2024**|||| |---|---|---|---| |||**2024**|2023| ||**Note**|£|£| |**Fixed asset**|||| |Tangible fixed assets|**11**|193|388| |**Current assets**|||| |Debtors|**12**|89,615|213,650| |Cash at bank and in hand||567,155|345,109| |||656,770|558,759| |**Creditors: Amounts falling due within one year**|**13**|76,493|122,265| ||||--| |**Net current assets**||580,277|436,494| |**Total asset less current liabilities**||580,470|436,882| ||||--| |**Net assets**||580,470|436,882| ||||**�**| |**Funds of the charity**|||| |Restricted funds||150,859|388| |Unrestricted funds||429,611|436,494| |||--|--| |**Total charity funds**|**15**|580,470|436,882| ||||=-| These financial statements were approved by the board of trustees and authorised for issue on 26 **[th ]** September 2024, and are signed on behalf of the board by: **George McGowan Trustee** **Donna McCloskey \ Trustee** 'bcn!C)o,/l (. _c..Jhlk;�_ ## **Company registration number: NI054265** **The notes on pages 20 to 27 form part of these financial statements.** **• 18 -** TRIAX COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2024 2024 2023 Cash flow5 from operntlng activltles Net income 143.588 54,380 Adjustmenls for Depreciation of tangible fixed assets Accrued (income)lexpenses 195 (46,429) 195 4,023 Changes In.. Trade and other debtors Trade and other creditors 124,035 657 (71.791) 713 Cash generated from operations Net cash froml{used in) operating activities 222,046 {12,4801 (12,480) 222,046 Net increasel(de¢rease) in cash and cash equlvalents Cash and cash equivalents at beglnnlng of year Cash and cash oqulvalents at gnd of year 222,046 345,109 (12,480) 357,589 345,109 567.155 The not•• on pages 20 to 27 form part of th•se flnancial •tst•m•nts. -19- TRIAX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 General Inforniation The chartty is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity In Northem Ireland. The address of the re9iStered office 18 Administralion Block. loan Business Park, Southway, Derry-Londondery, BT48 9LH. Statement ol Compllance These financial statements have been prepared in compliance with FRS 102. 'The Flnancial Reporting Standard applicable the UK and the Republic of Ireland,, the Statsment of Recommended Practice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounllng pollcies Basffis of proparatlon The financial ststements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expendlture. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's abilty to conlinue. Fund accountlng Unrestrtcted funds are available for use at the d5scretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on thelr expenditure declared by the dOr￿r or through the terms of an appeal, and fall into one of two subryclasses.. restricted income funds or endowment funds. -20- TRIAX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢ontlnued) YEAR ENDED 31 MARCH 2024 Accounting pollcies (conthu•d) Incomlng resources All incoming ￿sOurceS are included in the Statement of financial actFVities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of Income: income from donations or grants is recognised when there is evidence of entitlement to the grft, receipt is probable and its amount can be measured rellably. legacy Income is re¢ogntsed wthen receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impraetiGal to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facil￿'e$ and services are recognised in the accounts when received if the value can be reliably measured. No amounts are induded for the contribution of general volunteers. income from conlracts for the supply of services is recognised with the delivery of the 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 it may be regarded as restricted. Re8ource8 expended Expenditu￿ Is ￿OgnISed on an accruals basis as a liabllity is incurred. Expendrture includes any VAT which Gannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising ftjnds includes the costs of all fundraising activities, events, non-charitable trading activities, arKI the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charty in undertaking activities that further its charitable aims for the benefit of its benefi¢iarie$, induding those support costs and costs relating to the govemance of the charity apportloned to charitable actiifjties. other expenditure includes all expenditure that k8 nelther related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories refiecting the use of the resource. Direct costs attributable to a single activity are allocated dIreC￿Y to that activity. Shared costs are apportioned between the actlvities they contribute to on a reasonable, justs'fiable and consistent basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently staled at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the falr value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 21 TRIAX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢ontlnued) YEAR ENDED 31 MARCH 2024 Accounting pollclos (¢ontlnu•dJ Tangible asyts l¢ontlntMd) An increase in the carying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previousty been recogni8ed as expenditure withln the statement of financial activtties. A decrease in the Carrying amount of an asset as a result of revaluation, Is recognised in other recognised gains and losses, except to which it offset5 any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Dopr8clation Depreciation is calculated so as to write off the cost or valualion of an asset, less rts residual value, over the useful economic lrfe of that asset as follows: Impalrm•nt of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated ￿ere such indlcators exist. Where the carrying value exceeds the recoverable amounc the asset is impaired accordingly. Prsor impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asseL an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unrt is the smallest identifiable group of assets that includes the asset and generates cash infiows that largely independent of the cash inflows from other assets or groups of assets. For impaimient testing of goothill, the goo￿111 acquired in a business combination is, from the acquisition date, allocated to each of the ¢ash-98nerating units that are expected to benefft from the synergies of the combination. irrespective of vthether other assets or liabilities of the charity are assigned to those units. Fbnancial Instrumènts A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic fi'nancial instruments are initialty recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments a￿ subsequentty measured at amortised cost. •thefe investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impaimient. -22- TRIAX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS{contlnu•d) YEAR ENDED 31 MARCH 2024 Accountlng pollcies (contlnu•dJ Flnanclal instruments (¢onlinued) Other financial instruments, Including derNatives, are initially recognised at fair value, unless payment for an asset is deferred beyond nomial business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in designated hedging relationship. Financial assets that are measured at cost or amortised cost are revlewed for objective evidence of irnpairment at the end of each reporting date. If there Is objedive evidence of impaimient, an impaimient loss is recognised under the appropriate heading in the statement of financial activities in which the initral gain ¥Yas recognised. For all equity instruments regardless of significance, 8nd other financial assets that are individually significant. these are assessed individually for impaim)ent. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impaimient are recognised immediately, to the extent that the reversal does not result In a carying amount of the financial asset that exceeds what the Carrying amount would have been had the impairment not previously been recognised. Defined contrlbution plan$ Contributions to defined contribution plans are recognised as an expense in the period in wfiich the related service is provided. Prepald contributions are recognised a5 an asset to the extsnt that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the Ilabilty is measured on discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmlted by guarantso The company Is limited by guarantee and, therefore. there is no Issued share capital. -23- TRIAX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢ontlnu¢d) YEAR ENDED 31 MARCH 2024 Donatlons and legaci08 Unrestricted Funds Restricted Total Funds Funds 2024 Grants DFC Technical Assistan Skills Match Funding Income DCSDC ESFIDFE- Skills 20120 Income DLUHC - Shared Prosperity Urban Villages 63,715 63,715 27,952 27,952 990,190 39,961 990,190 39,961 1,121,818 1,121,818 Unrestrrcted Funds Restricted Total Funds Funds 2023 Grants DFC Technical Assistsnce Skllls Match Funding Income DCSDC ESFIOFE- Skills 20120 Income DLUHC - Shared Prosperity Urban Willages 70,614 267,398 8,964 278,312 70,614 267,398 8,964 496,696 218,284 66.843 66,843 218,284 692.131 910,415 Expendlture on charltsble activltles by fund type Unrestrlcted Funds Restrbcted Totsl Funds Unrestricted Funds 2024 Funds Restricted Total Funds Funds 2023 Wageslsalaries Employefs NIC Pension costs Skills 20120 partner payments Skills 20120 Training Costs Urban Villages SNW Partner payments SNW Tralning costs Fountsin older peoples project DCSDC Programme expenses Depreciation Loss on disposal of tangible assets Rent Insurance Other office costs Travel and Subsistence Bank charges Audit & accountancy Telephone Postage, stationery and advertising IT and sofiware 164,433 10,329 5,569 164,433 10,329 5,569 125,025 6,783 2.982 284,084 138,384 77,102 125,025 6,783 2,982 447,793 138,384 77,102 163,709 41,824 490,564 169,468 6,059 26,271 195 41,824 490,564 169,488 6,059 26,271 195 5,610 12.774 195 5,610 12,774 195 19,598 1,009 10.221 587 296 4,800 (844) 19,843 7,808 19,598 1,009 10.221 587 19,598 313 6,683 1,836 581 4,800 3,567 2,029 19,598 313 6,663 1,836 581 4,800 3,567 2,029 4,800 (644) 19,843 7,808 978,230 978,230 163.709 692,326 856,035 .24- TRIAX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS fconllnued) YEAR ENDED 31 MARCH 2024 Exp6ndlture on charltable activities by activlty type Skills Northv￿St Totsl funds 2024 Trtax Support costs Wageslsalaries Employer's NIC Pension costs Skills 20120 pather payments Sknlls 20120 Training Costs Urban Willages SNW Partner payments SNW Training costs Fountsin older peoples project DCSDC Programme expenses Depreciation Loss on disposal of tangible assets Rent Insurance Other office costs Travel and Subsistence Bank charges Audit & accountancy Telephone Postage, stationery and advertising IT and softsvare 116,776 5,008 3.653 47,657 5,321 1,916 164,433 10,329 5,569 41,824 490,564 189,468 41,824 490,564 169,468 6,059 26,271 195 6,059 26,271 195 19,598 1,009 10.221 587 296 4.800 1644) 19,843 7,808 19,598 1,009 10,221 587 296 4,800 (644) 19.843 7,808 827,293 87,419 63,518 978,230 Support Total Funds costs 2023 Skills 20120 Triax Wageslsalaries Employevs NIC Pension costs Other office costs Skills 20120 partner payments Skills 20120 Training Costs Urban Villages Fountsin older peoples project DCSDC Programme expenses Depreciation Rent Insurance Travel and Subsistence Bank charges Audtt & accountancy Telephone Postage. ststionery and advertising 80,294 3.584 1,154 6,663 447,793 138.384 52,083 44,731 3,199 1,828 125,025 6,783 2,982 6,663 447,793 138,384 77,102 5.610 12.774 195 19,598 313 1,836 581 4.800 3,567 2.029 25,019 5,610 12,774 195 19,598 313 1,836 581 4,800 3,567 2,029 32,724 729,955 93,356 856,036 -25- TRIAX COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢onllniie