Company Number:N1687717 Charity Number:NIC109305 Waterslde Shthred Village (A eompany Ilmlted by guarantee) Accounts for the year ended 31 March 2025
Waterside Shared Village (A company limited by guarantee} Contents Page Information Directors Report Independent Examiner's Report Statement of Finkn¢i81 Activitics Balance Sheet Notes to tlie accounts 8-11
Waterside Shared VilIage (A company limxted by guarantee) Infonnation Directors Geraldine Doherty Nir¢¢ Mc Morris Katie Mitchel Patrick Morrison Appointed - 1410812025 Company No: N1687717 Charlty No: NIC109305 Registered office W&terside Shared Villag¢ Irish Street Watsrside Derry BT47 2DD Aecountants McGroarty Mccafferty & Company Ltd Accountants & Tax Consultants 2 Carlisle Terrace Deny B T48 6JX Baiikers Bank of Ireland 27 Culmor¢ Rd Derry B T48 8JB Page I
Waterside Shared Village (A company limiled by guarantee) Directors Report The directors present their report and the financial statements for the year ended 31 March 2025. Objectives and actlvltles The principal activity of the company during the year under review is to manage Waterside Shared Village Communiiy Hub as a cross community venue available for use by anyone in the area of benefit and provide a wide range of programm¢5 and activities. Company Number N1687717 Dlrectors and their Interests The directors of the charity for the purposes of Charity law and throughout this report are collectively referred to as the directors. The directors serving during the year and since the year end were as follows: Geraldine Doherty Niree Mc Morris Katie Mitchell Pairick Morrison - Appointed 1410812025 overning Document The organisation is a company with charitable status. The company was established under Memorandum & Articles of Association which outlined the area of benefit and the objects of the chaTitable Org1lsatson. Rlsk Management The directors have a risk management strategy which consists of establishing a syst¢m of identifying risks and mitigating such risks. Reserves Policy Waterside Shared Village have a policy that unrestricted reserves to be maintained at a level to cover 51X months salary, operational costs and redundancy. Results & Perforniance Tlie results and perfornnCe foi the year of Waterside Shared Village are summarised in the enclosed accounts. Flnanclal revlew The financial perfonnance 15 5umrnar15ed in the enclosed accounts. Page 2
Waterside Shared Village (A company limited by guarantee) Directors Report .¢ontinued Dlrectors Responsibilities In Relatlon To The Finoncial Statements The directors of Waterside Shared Village for the purposes of company law are responsible for preparing the Directors, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each financial year, that give a true and fair view of the state of the affairs of the charitable company And of the incoming resources 2nd application of resources, including the income and ¢xpenditure, of the charitable company for that period. tn preparing these financial statements, the directors are required to: select suitable accounting policies and apply th¢m consistently; - observe th¢ methods and principles in the Charities SORP 2019 (FRS102); - make judgements and estimat¢s that are reasonable and prudent; state whether applicable UK Accounting Standards have b¢¢n followed, Subject to any material departures disclosed and explalned in the financial statements, prepare the financial statements on the going conceni basis unless it is inappropriate to presume that the charity will continue in business. The directors are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to enÉurc that the financial statements comply with the Companies Act 2006. The directors are olso 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 directors are aware: -there is no relevant infonnalion of which the charitable company's independent exaaminer is unaware, and -the directors have taken all the stsps that they ought to hav¢ taken to make themselves aware of any relevant inforniation and to establish that the independent examiner is aware of that information. 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 5 November 2025 and signed on its behalf by Director Director Page 3
Waterside Shared Village (A company limited by guarantee) Independent examiner's report on the unaudited financial statements to the directors of Waterside Shared Village We report on the accounts of the company for the year ended 31 March 2025, which are set out on pages 5-11. Respectlve responsibilitles of charlty dlrectors and examiner, As the charity directors you are r¢spon5ible for the prepation of the accounts in ac¢ordance with the requirements of the 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 th¢ general dircctions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Act 2008. - state whether particular maÉt¢rs have come to our attention. Basis of Independent examiner's report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was Caled out in accordance with the general directions given by the Charity Comn)ission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included a consideration of any unusual items or disclosures in th¢ accounts, and seeking explaThations from you as chariiy directors concerning any such malters. Our rol¢ is to state whether any material matt¢rs 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 the accounts do not accord with those accounting records; - that the accounts do not comply with th¢ a¢¢ouThting requirements of the Section 396 of the Companies Act 2006 and the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing thcir accounts in accordance with the Finanoial Reporting Standard applicable in the UK and Republic of Ireland; that there is further infonnation needed for proper und¢rstandÉn8. Independent oxamSner's statement We have completed our examination and have no concerns in respect of the matters listed above and, in connection with the following directions of the Charity Commission for Northern Ireland, we have found no Inatters that require drawing to your attention. McGroarty> Mccafferty & Compaiiy Ltd Aceountants & Tax Consultants 2 Carlisle Terrllce Derry BT48 6JX Date.. 5 Novcmber 2025 Page 4
Waterside Shared Village (A company limited by guarantee) Statement of Financial Activities for the year ended 31 March 2025 Unrestricted Funds Restricted Funds 2025 2024 Income and Expondlture Incomfng Resources Grants & Sundry Income 30,445 30,445 18,468 Tot41 Incomlng Resourc 30,445 30,445 18,468 Ro50urces Expended Management & Administration 10,834 10,834 2,288 Total Resources Expended 10,834 10,834 2,288 Net Incomlng l (Outgoing} Resources 19,611 19,611 16,180 Trnnsfer between funds Balances brought forward l April 2024 16,180 16,180 35,791 35,791 16,180 Balances carried forward 31 March 2025 10 35,791 35,791 16,180 The above amounts relate to continuing operations 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 and losses has been presented. There is no difference betw¢en thc net lllcotning resources for the year stated above and their historical cost equivalents. Page 5
Waterside Shared Village (A company limited by guarantee) Balance sheet as at 31 Marth 2025 2025 2024 Notes Current assets Debtors Cash at bank and in hand 1,945 34,498 9,342 7,486 36,443 16,828 Current liabilities Accruals 652 648 Net current assets 35,791 16,180 Total assets less current liabilitfies 35,791 16,180 Reservcs Unrestricted 35,791 16.180 10 35,791 16,180
Waterside Shared Village (A company limited by guarantee) (continucd) In approving these financial statements as directors of the company w¢ hereby confinn; For the year ended 31 March 2025, the company was entitled to exemption under Section 477 of the Companies Act 2006 relating to small compani¢s. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Acl 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and th¢ preparation of accounts. These accouiits have been prepared in accordance with the provisions applicable to companies subject to the smalE companies regime in accordance with FRS102 SORP. The financial siatements were approved and authorised for issue by the Board on 5 November 2025 and signcd on its behalf by: Dlrector Dlrector Company Number: N1687717 Page 7
Waterside Shared Village (A company limited by guarantee) Notes to the accounts for the year ended 31 March 2025 Accountlng pollcles The principal accounting policies adopted in the preparation of the financial stat¢ments are set out below and hav¢ r¢mnined unthanged from the previous year, and also have been consistently applied within the 5am¢ accounts. 1.1. Accounting convention The financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statem¢nt of Recommended Practice applicable to charities preparing their accounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland Charities SORP 2019 (FRS 102), the Financial Reporting Standd applicable in the UK and Republic of Ireland (FRS 102), Companie5 Act 2006 and Charities Act (Northern Ireland) 2008. Income (i) Grants Grants represents all omounts 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 2019 (FRS102). Rev¢nuo grants are credited to the Stoterncnt of Financial Activities in the year thcy reccived. (IA) Donations & administration income. This comprises amounts received during the year. Expendlture (i) Direct Charitable Expenditure This represents all expenditure directly attributable to chitable causes. (li) Management & Administration This includes all other expenditure not directly allocated above and a portion of th¢ overhead costs attributable to management and administration. Page 8
Waterside Shared ViIlage (A company lin)ited by guarantee) Notes to the accounts for the year ended 31 March 2025 Income The total tUTnover of the company for the has been derived from its principal activity wholly undertaken in the UK. 2025 2024 Rostricted Income nrestrlcted Income Scheme Monie8 Key Holding Room Hire 6,099 9,596 14,750 12,198 1,868 4,402 30,445 18,468 Total Income 30.445 18,468 (i) Restrlcted Funds Funds received which are eannarked by the funder for specific purposes. Such pUoseS are within the overall aims of the organisation. {11) Unrestrlcted fi unds Funds which are expendable at the discretion of the company in rthCrace of the aims of the charity. In addition funds may be held in order to finance capital investmcnt and working capital. Unr¢stsicted reserves are at a level to cov¢r six months salary, operational cosls and redundancy. Page 9
Waterside Shared Village (A company limited by guarantee) Notes to the accounts for the year ended 31 March 2025 Resources Expended Unrestricted Funds Restricted unds Total 2025 Totsl 2024 Management & Admlnistration Events expen8¢S Insurance Telephone Subscriptions Accountancy Bank charges Bad debts 8,331 943 629 8,331 943 629 875 329 388 600 96 360 360 244 327 327 10,834 10,834 2,288 Net Incomfing Resources 2025 2024 Net incoming resources has been arrAved at after Charging. Depreciation Staff note The average number of persons employed by the company dunng the y¢ar amounted to O. The aggregate payroll costs incurred during the year were: 2024 2023 Wages and salaries Pension contributions Taxation Ther¢ is no chge to taxation as the company has charitable status. Debtors 2025 2024 Income receivable 1.945 9,342 Page 10
Waterside Shared Village (A company limited by guarantee) Notes to the accounts for the year ended 31 March 2025 Curreiit liabilities 2025 2024 Accruals 652 648 10. Movements In fi unds At At l Aprll Incomlng Outgolng 31 March 2024 rosources rosources 2025 Restricted funds: Unrestricted funds: General funds 16,180 30,445 (10,834) 35,791 16,180 30,445 (10,834) 35,791 Purposes of Restricted Funds Restricied gronts Awarded 10 the charily is provided to cover the core objects as explained in dAre¢iors report. 11, Related Party Transactlons There were no related party transactions in the year under review. 12. Llmlted by Guarantee The company is limited by guarantee and does not have a shatt capital. Page 11