Company Numbcr:N1687717
Charity Number:NIC109305
Watersido Sharnd Village
(A company Ilmlted by guarantee)
A¢¢ount5
for the year ended 31 March 2024

Watersidc Sharod Village
{A company limited by guarantee)
Cont¢nls
Page
Information
Directors Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to Ihc accounts
8-11

W2terside Shared Village
(A company liniited by guarantee)
Information
Direetors
Geraldine Doherty
Niree Me Morris
Katie Mitchel
Elaine Barr
Paula Cunningham
Reslgned - l 8107123
Resigned - 02112123
Company No:
N1687717
Charity No:
NIC109305
Registered office
Waterside Sliared Village
Irisli Street
Waterside
BT47 2DD
Accountants
M¢Groarty Mccafferty & Company Lld
A¢counlants & T8x consult￿ltS
2 Carlisle Terrace
Derry
BT48 6JX
Bankers
Bank of Ireland
27 Culmore Rd
Derry
BT48 8JB
Fage I

Walerside Shared Vill2ge
(A company limited by guarnntee)
Directors Report
Tl)e director5 present tlieir report and the financial statemeiits for tl)e year ended 31 Mar¢h 2024.
Objeclivcs and aetivities
Tlie principal activity of the compaiiy duTing the year under r¢vi¢w is to manage Watorsido Shared Village
Community Hub as a cross cominunity venu¢ available for use by anyone In tlie area of benefit and provide a
wide range of programmes and activities.
Company Number
N1687717
Directors and thelr Interest5
The directors of the charity for the purposes of charlty law aiid throughout this report a￿ collectlvely referred
to a5 the directors.
The direciors serving during the year and slnce the year end were as follows:
Geraldine Dohety
Niree Mc Morris
Katie Milcliel
Governlng Documont
The organisation is a coinpany ivitli charitable status. The company ivas established under Memorandum &
Artlcles of Assoclatlon whlcl) outlined the orea of benefit and Ihe objects of ihe charitable organisv4tion.
Risk Managoment
Tlie directors have a risk Inanagement strategy wliicli consists of establishing a system of identifying risks and
mitigating such risks.
Reserves Policy
Waterslde Shored Vlllage liave a pollcy that unrestricled reserves to be maintained at a level to cover six
months salary? operotlonal costs and rodundan¢y.
Results & Porfornionc¢
Tlie results and perforinance for the year of Waterside Shared VillY4ge ar¢ suminarised in the enclosed
accouiits.
Flnanci21 rcvieiv
The financial perfonnance is summarised in the enclosed accounts.
Page 2

Waterslde Sharcd Village
(A con)pany limited by guarantee)
Dircctors Report
.¢ontinued
Directors Responslbilities In Relatlon To The FIDanclal Statements
The directors of Waterside Sliared Village for the purposes of company law are responsible for preparing the
Directors, Annual Report and tlie finaii¢ial statemenls in ￿CordanCe with applicable law and Unlted Klngdom
Accounting Standards (United Kingdom Generally A￿epted Aocounting Practice).
Compaiiy law r¢quir¢s Ihe dircctors to prepare financial stateinents for each financial yMr, that give a true and
fair view of the state of the affairs of tlie ¢liarliabl¢ ¢ompany and of ihe incoming resources and application of
resources, includlng tlie income and ¢Ap¢ndilur¢, of the charitable company for that period. In preparing these
finan¢ial statemcnts, the directors ar¢ required to:
select suitable accountinB policies and apply tliem consistenily:
observe the metliods and princlples In tlie Cl)arities SORP 2019 (FRS102)'
make judgements and estimates that are reasonable and prudent;
state wliether applicable UK Accounting Standards have been followed. subje¢t to any mat¢rial departures
disclosed and explained in the financlal statements.
prepare the financlol staleiiiejits on ih¢ 80ing Gonc¢m basis unless it is inappropriate to pre5um¢ that the
charity ivill continue In buslncss.
Tlie directors are responslble for Inaii)taining proper accounting records ivhich disclose ivith rcasonable
accurn¢y at any tiine thc financial position of the charity and enables tliem to ensure that the financial
siateineiits comply ivitli the Companies Act 2006. The directors are also responsible for saf¢guarding the
assets of tlie choTity and hence for taking reasonable steps for tlie prevention und dctection of fraud and other
irregularities.
In so far as the directors are aware:
-Ili¢re is iio relevant infom]ation of which the charitable cOmpan￿S independent exaamin¢r Is unaivare, and
-th¢ dircctors have taken all ilie st¢ps that tli¢y ouglit to liav¢ iaken to make themselv¢s aware of any relevant
information and to eslablish tliat the independent examiner is alvar¢ of tliat information.
This report Is prepared in accordance wilh thc special provisions of part 15 of the Companies Act 2006
relatlns to siiiall coi)Ipanies.
This report w&s approved and autliorised for issue by the Board on 20 January 2024 and signed on its behalf
by
Director
firecior
Page 3

Waterside Shared Vi112ge
(A conipany limited by guarantee)
Indcpcndent cxaminer's report on Ihe unuudited financial slatements to the directors of
Waterside Shar¢d Vlllagc
We report on tlie accounis of th¢ company for the year ended 31 March 2024, which are set out on pages
5-11
Rospoctive responsibilities of chority directors and examloer.
As the Charity directors you are responsible for the preparatlon of the aecounls in aceordance with the
requirements of tlie Conipanies Act 2006. Having satisfied ourselves that the charlty Is not subject to audit
under company law, and is eligible for independent cxaminalion, it is our responsiblllty to;
¢xamin¢ tho accounts under section 65 of tlie Charities Act 2008;
follow tlie procedures laid down in the general directlons given by the Charity Commission for Northem
Ireland under section 65(9)(b) of the Charities Act 2008.
State wlielher particular rnatters have come to our attcntion.
Basis of independent examiner's report
We liave examined your charity accounts &8 required under section 65 of ilie Charities Act and our
examination was carried out in occoidance with ihe general directions given by the Charity Commission for
Northern Ircland under Section 65(9)(b) of the Cl)arliles Act. The examinailon included a revicNv of the
accounting records kcpt by the charity ond a comparlson of tlie aecounts presenied with those records. It also
included a consideration of any unusual items or disclosures in the accoui)ts. and seeking explanallons from
you as charity directors concerning any sucli molters.
Our role is to slate whetlier any material matlers have come to our aitention giving us cause to believe:
that accounting rccords were not k-ept in accordance with section 386 of thc Companics Act 2006.
Iliat the accounts do not accord willi 11)os¢ accountlng records.
that the accounts do not ¢omply wlth the accounting requirements of the Scction 396 of the Companies Act
2006 and Uie methods and principles of the Cliarltles Statement of Recommended Practice applicable to
charities proparlng tlielr accounts in accordance with the Financial Rcportlng Standard applicable in the UK
and Republic of Ireland:
tl)at there is further infonnation needed for proper understandin&
IndcpcDdent examlner's stAtemeDt
We have ¢ompleted our exainiiiation and have no ¢oncems in respect of tlle matters listed above and, in
connection with th¢ following directlons of the Charity Commission for Northern Ireland, we have found no
matters (hat require draivlng to your attenilon.
McGroarty. Mecaffe
ty& Compan
Accountanls & Tax Con5uItAnls
2 Carlisle Terrace
Dcrry
BT48 6JX
Ltd
Date: 20 January 2024
PAge 4

Waterside Shared Village
(A Company limited by guarantee)
Statement of Financial Activiti¢s
for the year ¢Dded 31 March 2024
Unrestrlcted
Funds
R¢$trleted
Funds
2024
2023
Income and Expenditure
Inwming Resources
Grants & Sundry Income
Total Ineomlng Rcsources
18,468
18.468
18,468
18,468
Resources Expended
Managcmcnt & Administration
Total Resourc¢s Expendod
2,288
2,288
2.288
2,288
Net Incomlng l (Out£olng) Resources
16.180
16.180
Transf¢r between funds
Balances brouglit forward l April 2023
16,180
16,180
Balances carried forward 31 Marcli 2024 10
16,180
16,180
The above amounts relate to continuing operations of the company.
The coinpany has no recognised gains aiid losses other than thosc included in tlie results above and tlierefore
no separate stateinent of total recognised gain5 and losses has been presented. There is no difference
betsveen Ihe net in¢oming r¢50urccs for the year stated abovc and their historical cost equivalents.
Page S

Waterside Shared Village
(A conipany limitcd by guarantce)
Balance sheet
as at 31 March 2024
2024
2023
Notes
Current assets
Debtors
Cash at bank and in liand
9,342
7.486
16.828
Curront Iltsbllltles
Accruals
648
Not eurrent assctsl(Ilabllltlos)
16.180
Total Asscts Icss current
liabilitics
16,180
Rescrvcs
Unreslricted
16.180
10
16.180
Pagc 6

Waterside Shared Village
(A eompany limited by guar2ntee)
(oontinued)
In approving these financiol statements as directors of tlie company we hereby confinn:
For tlie year ended 31 March 2024. the company w&g entitled to exemption under section 477 of the
Companles Aet 2006 relating to small companies.
The dlrectors have not requlred the company to obtain an audit in accordance with section 476 of the
Conipani¢s Acl 2006.
The directors a¢knowled8e tl)eir responsibilities for complying with the requlremenis ofthe Companies Act
2006 willi respect to accounling rccords and tlie preparation of accounts.
Tliese accouiits have been prepared in accDrdllnce witli the provisions applicable to companies subject to the
small companles regiine in accordance with FRS102 SORP.
The financlal siatements were approved and authorised for issue by the Board on 20 January 2024 and signed
on its behalf by:
Director
Dlreclor
Company Numbor: N1687717
Page 7

Waterside Shared Village
(A company limited by guarantee)
Notes to the accounts
for the ye2r ended 31 March 2024
Accounting policies
The priiicipal accounting policies adopted in the preparation of the financial siatements are set out
below and hav¢ r¢main¢d unchang¢d from Ihe previous year. and also have been consisiently applied
within ili¢ same accounts.
Accounting Convontion
Tlie financial stateinents liave been prepared in accordance ivith A¢¢ountin8 and Reporting by
Charities: Statement of Recommeilded Practice applicable to charities preparing their a¢couniS in
accordance with tlie financlal Reporting Standard applicable in the UK and Republic of Ireland
Charitie5 SORP 2019 (FRS 102), the financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102), Companies Act 2006 and Charities Aci (Northem Ireland) 2008.
In¢ome
(i) Grants
Grants rcpresents all amounts received and recelvable durlng the year.
Capilal grants are releLsed to the profit and105s account in the year in ivhich they are received in
line with the SORP 2019 (FRS102).
Revenue granis are cr¢dit¢d to the Stateincnt of Finllncial A¢tiviti¢s in tli¢ year ili¢y are receivcd.
(li) Donations & administration incoine.
Tliis comprises ainounts re¢¢ived during th¢ year.
Expenditure
(i) Direct Charitable Expenditure
Tliis represents all expenditure diRclly attributable to charllable causes.
(li) Management & Administration
This includes all otlier expeiiditure not dir¢ctly allocated above and a portion of the overhead costs
attributable to management and administration.
Page 8

W2tersidc Shared Village
(A company limited by guarantee)
Notes to thc aeeounts
ror the year ended 31 March 2024
Income
The total turnover of the company for the has been derlved from its principal activity wholly
undertoken in the UK.
2024
2023
estrleted Ine
Unrestrlcted Ineomc
Scheme Monies
Key Holdiiig
Rooni Hlre
12,198
1,868
4,402
18,468
Total Jncom¢
18.468
(i)
Restrlct¢d Funds
Funds received ivliicli are eaniiarked by the funder for specific purposes. Such purposes are ivithin the
overall aims of the or8llnisation.
{11)
Unrestricted Funds
Funds wl)icli are expendable at tlie discretion of die company in furth¢rance of tlie aims of the charity.
In addition funds may be held in order to finance capital investment and workin8 ¢apilal.
Unrestriol¢d reserv¢5 ar¢ at a lev¢1 to cov¢r six months Salary? operational costs and redundancy.
Resources Expenqled
Unrestrictod
Funds
Rostrlcted
FuDds
Total
2024
Total
2023
Manugement & Administration
Ev¢nts expens¢s
Telephone
Accountancy
Bank cliarEes
875
329
600
96
875
329
600
96
2,288
2,288
Net Incoming R¢source5
2024
2023
Net incoming resources has been arrived at after cliarging.
Depreciatioii
Page 9

wate￿ide Shared Village
{A company limited by guarantee)
Notes to the accounts
for Ihe year ended 31 March 2024
Staff note
The averdge nuinber of pcrsons employed by the company during the year amounted to O.
The ag8rcgatc payroll costs incurred during the year were:
2024
2023
Wages and salaries
Pension contributions
Taxatlon
Tliere is iio charge to I￿atiOn as Uie coiiipany has cl)Britable status.
Debtors
2024
2023
Grants due
9,342
Current Ilabllltlos
2024
2023
Accrua15
648
10. Movements in Funds
At
At
l April Incoming Outgoing 31 Moreh
2023 rosouroos resourcos
2024
Restricted funds:
Unrestricted funds:
General funds
18,468
(2,288)
16,180
18,468
(2,288)
16.180
Purposes of Rostrictcd Funds
Restricted granls awarded to (he charity is provided io cover the core objects as explained in dir￿lor5 rcport.
Page 10

Watcyside Shared Village
(A conipany limited by gu2rantec)
Notes lo thc accounts
for the year ended 31 March 2024
11.
Related Party Transu¢tlon5
There were no related party transactions In the year under review.
12.
Limited by Guarantoo
The company is limited by guarantee and does not have a sliar¢ capital.
Page 11