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 Org1￿lsatson.
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 perforn￿nCe 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 prep￿ation 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 Ca￿led 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 Stand￿d 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 ch￿itable 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 pU￿oseS are within the
overall aims of the organisation.
{11)
Unrestrlcted fi unds
Funds which are expendable at the discretion of the company in ￿rthCra￿ce 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 ch￿ge 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