Company Yumber:IN1697187 Charity IYumbL'r:INIIO9838 C)uterivest Foi'le5ide Local Groth Limited IA compani. liniited b!. guarantee) Directors, report and fln#nLlal statLbmLbnts for the vear ended .11 March 2025
Outenwest Fovleside Local Groii'th Limited (A compani, lin)ilc.d b). guarantLC) Contents Page Intormalion Director's Report Indepeiidinl ExaminLrs' RLPUrt Si&ileineiii ol. FindnLial AcElVlties Balance Sheet Noles 10 the Account8 8-12
Outerivest Fovltside Local Growth Limited (A con)pani' limitLd bi. guarantl'L') Information Director5 GILn DL VLI(IPlTJcnt Initl<ilivL Ltd KaililLLn Si. John HLaly C'hris KLrr J iin N4¥C'olgaii BJllyniagyroaily H(17,Llbciiik C'()Ininiiiiitv PdrtnLrship Lid Ro%Lni()Liiil lind Di41i'iLt WLI larL Ribylil% Gruup Mi¥hacl J()hii C"oopcr C"ulni MIiiTUy-C,IVa71CIg,h Aiin MLGrory RL.S1(TnLd l 8tlI SLPtLiiII)Ll' ?025 RLbigJnLd 18111 SLPILinhLr ?025 Appc)iiitid ?l)th ALI&TllSt 71124 AppointLd 21 sl March ?11?5 Ri5ign¥LI ?911i Augiiibt ?{1?4 App()iiilLLI I Iltli SLpILiiibcr ?(1?5 Secrelarv CJlLn DLfv'Lli)i)InLnl IiiiiiatiVL Lid Con)p4nv IY(b: Nlfy()71 X7 C'harilv No: NIIOgX.38 ReRistered office Ru%LI)11)Linl Kes1)ufLL Ceiilre t)Lrry E3T4X 9NT Accountants MLGrvdi1y McC'dtTL'11y & C oiiipaiis. L.td ALLoiiniaiiis & Tdx CunSLiltdnls Cai'lislc TcrraLL DLrry BT414 6JX Bankers Bank c)r IrL'l4iiid 27 L iiliii()re Road Derry BT48 XJB Page I
Outenvest Foi'leside Local Grohth Limited (A compani, limited bi. guaranteL' Director'5 Ri'port ThL dircLiors prLscnl IIILir report aiid IhL finaiiLial qlalcmciii% for ilic yLar LndLd I l Marcli 20? 5. Ubjectii'e% and activitiLbs Tlie cl)aritablL coinpdny objLLtI% L% arc lo proimotL thL bLn¥fil ol. Ihc iiihabil<?nl.% ol. tlic Outcr WL%I, FL)yIL%idc ai)d lh¢ ii¢ig71)bourhuc)d i()¥eihcr ¢15 delinL'd by the Director5 1 liereinat'ier Lc11 lu'd 'ihe area ot" benefil'l withoiil Lli.slinLlion of %¥X. S¥XLidl ori¥iiliili()ii. riiLL ur ol. inhabiiant% and IliL IoLal iiiiilioriliis. voILinl(iry <inJ ()I]ir 01-bFani%K11i(ii)% in a L()niiii(In ell()ri li) ¢idi'L111L¢ ediiL&iliL)n c11id i() pr()vidL Iclii liiiL% iii rh¢ iiilere%is ul. %OLl411 '¢It(}re l()i- rcLr¥dlion and ILI%LifL'_liniL ULILipaliun m.itli Ihi obj¥cl ol. inipi'ovinLF IIIC Loiidilions ol- lilL lor IliL said inli&ibilanls aiid Ici pi-i)iiiiile %iiLh i)Ihei- Lli&iril<ible piirpi).SL% 1.q iiiav Irc)iii tiiiie lo liine be d¢teriiiin¢d. Direclors #nd their inlere5ts TIIL LlirLCtoi'% (Il. th¥ Lhariiv fur IhL' PLirpu%L's ol. churily la, and Ihi'oiig,hi)ut Ihis I'LPI)rl arL C()IILcIivL'ly rLli'rrL'd lo a% IhL dircLlors. The dirLLlur.5 5Lrn inb dui'inby IhL yLdl' <ind %inLL IhL yLJr Liid M'¥rc tol l(Iw5'. CrlLn l)L'VL.Ii)pininl Iiiiiiaiii'L Lid Kciil)leeii Si. Ji)lin I IL. C'lii'iN Keri. J iiii McC-()Ibyaii IIIL Ilvmclgyr()6irly Il&iielbaiik C'oiiiiiiiinily P21 nnership Liij Ro.qeniounl District Welt-are (ir()up Mic lid¢l Joliii C'oiiper C'oliii MLirr&ly-C'avan&lg,h Aiiii Mi(Jri)I'v Goi'i'rning Du¢umL'nt I'hL' ()rbyani.qaliiin is a Lharitable c()iiipany liiiiilLd by guaranlcc. The ¥nlily was incorporalcd on 15 May ?0?3 and r¥gi%lL'fL'cI as J Lharitv un ?9 J¢inLlilry ?Q?4. Thc. L()iiipany th'a5 L51(IblishL'LI LiiidLr MLmoi'diidiiin & ArtiLILS ()l- As4oei1c lic)n wliich oiillined Ilie c1re<l (Il. heiielil and Ilie object% ol- Ilie Lli<)ri11& ble urbTIL 1I15Ii1iuii. Ei'ery iiieiiiher ul. IhL L()IllPallV 111 ¢lLcordaiiLL M'iih thL MLinui'aiidLini. LiiidLI'laki% l() Lvnli'ibulL tu IhL 415SLIs ul. IhL LUII)P£lll)', 11) IIIL Lv¥nt (Il. IIIL saiii¢ bLingi. '()ur7d up wl)ilL' il is ¢1 InLiiibLr. i)r wiiliiii ()IlL yL¢ll- il LLil%L4 1() bL' d IllLiiIIILr, l()r paJThL'nl ()r thi dLbt% or liJbililiL'S l)f thi. L()nip(Illy L()nlrJLlcd bLfi)rL' li LLasLd l() bL' a IIILmbLr. and vf Ihi LO%tS, LliargyLs <1nd LXPLll8CS Ot. wiiidiiig LIP. and tor 11)e adjusti)Icnts ol. IliL riglits ot" Ilie coiilribiilions aiiioiig Ihenis¢lves. suLh <iinount d% miiy be required iiot exceedingy £ l . Ile4i¥nLIl I Xih ScpiL'lI)b¥r 21125 ResigiiLd I Xili %epleiiibLr ?()? S Appoinl¥d 2Vili AiigiLis1 ?U24 Api)oiiiled ? l %1 MiirLli ?025 RL%igTIILd ?gth ALigFii%I 211?4 AppoinlL'd I Xih S¢'plL'iiibLr ?0?5 Risk Nlanaxemont The direLtI)rs hai'e a risk nianagFenient strategy wliiLh Lon.si%ts of esiabli%hingJ a sv%leiii i)I' ideiilityillg7 risks aiid miti¥idlinbF %uch risks. Results & Pi'rformance Thi r¢siilt% dnil PLrti)riii<inLe fijr IIIL. PL'rivd ot OulLfwLs1 FuylLsidL Loc(Il Grvwth LimilLd are sunimarised in the enelosed &?cciiunl%. Flnynci#l review The finanLial perlorii)anLe is suinmarised iii the enclii%ed aLcounl%. Page 2
Outeniest Foi,leside Local Groii'th Limited
(A companw limited bi. guarantee)
-coiitinued
Directors Responsibilitie4 In Relation To The Financial Statements
Th¢ Dircct()rs of OutLfwL51 F()yl¥sidL LI)Ldl Growili Limited for thL pufposLS of coiiipanj. laii. are i-esponsiblc
t.or prcp£iring Ili¢ Dir¥Ltor%' Annuc21 rcporr and IhL finanLial stalL'IIILnts in aLLordclncL w'ill) appliLabli l¢iW and
United Kingdom Accounting, Standai-ds l United Kingdoin Gener4111y Accepted ALLoiintiiig Practice).
C'onipany l(Iw riquifus thL dirLLtors to Pl-Lparu linanLial statLm¥llis for LaLh IinanLial yLar tlial ¥iN'L a II-UL and
fair i'ieNN' of Ilie slate of the atrairs L)f ilie Lharilv al ilie end of the finanLial year and of ils urp]uS i)r defiLiI for
thL fiii¢llli ial yLar. In di)ing tlIL dirLLtur% ai-l l-LqiiifLd Iv:
sLl¥il .siiilablc aLLounliiig poliii¢S and applv ihcm con.sisleiiilv;
obgLr¥'e InLiliod% and priiiLipILS in LIIL L hdriliLS SORP I FRS11121;
mLikc judgciMLnl.s and L%liinalLS (h<21 arL rLasoiiablc aiid pi-Lidenl,'
slalL' whL'ihLr (IppIii(IblL UK ALLounlin& Si(Iiidard% h<lK'L bLLlI tollowc(1. subjLLI lo anv nialLrial dLPIL rtLifL
disL105ed and explained in the findllLial %lalemenl5'
prcparL thL tlll
Outerivesl F'leide Local Growth Limited
{A conipani. limited b)- guarantcL')
IndependL'llt eiaffiinL'r's rl'porl on the unaudited financial statements to the directors ol
Outerive5t F"vvle%ide I,OLal Groivth l.imited
We repcin i)n IhL' aLL()unl% ol. the Lharily f()r the p¢riod ended 31 March ?0? S wliiLh ¢1re sel oiil ()n pa&Tes 5
RLlSPCCtii'Lb respon4ibilities ot. charitTr committee mvmhers and L'iaminer
As IIiL Lliai'it). Irii%lLLS lJiiJ also IIiL dii'LLI()1's ul. Ili¥ ¢UiiiPdllJ' foi. Ili¥ Plll-Pl)s15 ol" L()mpa17y law'l vou iirc
rLSPI)Iisible lor Ili¢ prep41fl1 lion ol. th¢ accolinls in iiLLurdcillLL iviih IhL rLqLiifLill¢nlq t)1" iliu L'L)iiipanies ALI
?{l(IfTr. HaK'iiigF 5iiliSliLd (?ursLIvLS Ih<il Ihl Lharily is niil subj¥cl to lildi[ Liiidtyf LoIMpany l&lW, £iiid is LlibTiblL fur
Independent ExaIninlI10I7.
11 1% our respoiisibilily to:
ex&iiiiin¢ Ilie 'iLL()Iiiils Liiider SeLlii)ii ()$ of Ilie ChiiritiL'S ALI IN()nlii'n) II'L Icind i ?008.
f()1 I(), IIIL PI'OLediii'es l
Outerwest b oi'leside Local GroiTrth Limiti,d {A Copani. liniited b!- guarantle) Statemcnt of Financial Activitie5 for the Tr'ear ended _I l larCh 2025 Unrestricted Fund5 Restricted Funds 2024 2024 Income and Eipenditure Incnming Ri'sourLe% Grants & Siiiidry SnLonie 7.725 118.985 146.71U 47,647 Total Incoming Resources 7.72_f 13X.98.5 146.710 47.647 Resource5 Expended Managy¥lliLllt & Adffliiii%trilti()n 119.109 Ilg.109 47.148 Total Resuurces Expended 119.109 l)9.109 47.148 i et Incoming l (Ouigoing) Ri'sources 7.7?5 7.6()1 499 Balanc¢s broubhi forward 499 4L)9 Balances carried torward _I l March 20?5 375 8.100 499 The aboi'e din()uni% r¢lai¢ Io Loniiiiuing operalions of the LC)IiIP(Iny. The coiiipany lias Illi reLo&mi%ed bFIG illi and lo%se% oilier than tho%e incliided in Ilie re%uli% .Ib()ve Ic nd Iherelore nc) SLpar<ilL sl<ilLmLnl ()I' tc)Idl ri¢()Lyi)i%od giJins dnd IL)5%LS h<iS bLcn prL'sinlid. ThLfL is no dit-lirence between the nel iiIL()Ining rLsoufLes tor Ilie year %t¢7led aboi'L aiid Il)eir IiibtOl-iLal Lost equiv<ileiils. Pagv 5
Outerwcst Fovleside Local Gromth l.imited (A Lompan). limited b!- guarunlL'L) Balance shi'i't as at.31 Ilarch 2025 2025 2024 Fi%L5d assets Taiigvibl¥ LIS%LI Current asset% Delili)r% L-i1s1i dl bank and in liand 17.1163 13.51>0 5,823 C. urrL'nt liulTrili¢iL&S 5,8?6 ALLriialb 23.997 io. ?4.4.31 6.4?6 iht Lurrent aS%et%llliabilities) 6 1)l)n otxl u%sL'Is les*p LurrL'nt .10(I 41)9 ReserTr'es UiirL%lriLted Restricted 7,725 4Y9 8.100 4()9 Page 6
Outern'est Foi'leside l.ocal Grom'th l.imtted {A conipani. liniitL'd b). guarantee) Balance shi'L't {continued) Directors, statc'ments required bv .Sections 475(21 and {3) for the perivd ended 31 March 2025 In approving IliL.%L tiiianLial %lalcii)Lnts dircLtor% of IhL Liiiiipany WL hLrcby Luiilinii.. ThL' Loinpany M'as LiiliilLd i() ex¢inpiion fri)m au(lil un(Icr $477 1)I' IhL C ompLiniL% ALI ?IlllC) i-c114 ling, Ii) %mal I Loiiipaiiies. The nieinberq hafv'e not reL]IiirLd Ilie Lc)nipany to obtaiii an audil in aLL()I'dan¢e wilh %LLti()11 476 ot. the Coiiip¢iniL'% ALI ?1111(). TIIL dirL¢lI)r% aLknoivlLd4JL Ihcir rL'%pon%ibiliii¥% lor LoniplyinLy w lili IliL fLqiiifLiii¥nl.% ()I' tIIL C c)mpan ALt 11)06 willi rL'SPLLI Io &llL()LiiiliiibF reLI)I'd% and prLP£if£iliun ol" aLLOLlI)I%. TIIL%e aLIciuiii% hLlI'e been pi'eparLd in ALLordLgiILe willi Ilie priivi%ii)ns 1£ ppIiLabl¢ lo sm¢ill LC)IllpilliiL% %uI)jeLt to IIIL %mdl l LoiiipJniLs I'LgyjinL <)IILI ill JLLUI'(IIlllLL w'ith FRS I (l? %nR P. TIIL aLL()unl% hJvc bL'L'ii approvl'd anil Juihoi'1SLJ for issiic by IhL biiard (111 1 (I OLlobLr ?0?5. Director Diriictor Rexistr¥tion INO: N1697187 Page 7
OutenTrest Foi'leside Loeal Growth l.imited
(A compani. limitL.d bi. guarantL'L')
for the lear endLd 31 lArCh 2025
General information
TII¢ LL)nipany 15 a prii'al¢ conipilliy liiiiiied by gFiiar£iiilce. regii51¢red iii Noi'il)erii Ireland ond Ll regri51Lred
Ll)Jrily iii Niii'tliLrJi IrLlai)d. Thc addre55 of IhL fcgFi%lcrcd otliLe is Ro%Linounl RLsoufLL C'ciilrL. la
Ve.%tW'42y. Derry. BJ'4Y gN"r.
Slatement of eonipliance
ThL %ibTiiiIiL&illi &ll¥OLiiiiin4 poliL ILI appliLd in IIIL pfLparalion ol" IhLsc tinancial 4iai¥lll¥nls arL SLI iiul
below.
I'IIL. Lliarity coii%lilules a pul)liL benL'til enlil), 414 deliii¢d by FRS I O?
Tl)e Iiiisillc l<i151')leinL'iil% hcive
bLei) prLP&if¥il iii aLLor(laiiLL Ivilli IliL aLLOLinliiis' pi)liLiLS %cI (ILII iii n()Ics IL) Il)I' aLiuiint% aiid Liinipl!
willi Ili¢ Lli<irily'S gF()I'Lni iiibi d()LUlllviil. IIIL L'I)6iriliL% ALI l Nli)rihL'rii IrLliiiid i ?IIOX &iii£l ALL()Ulll IllgJ iiiid
RLI)uriing by Ch<ll'iliLS'. SiiilLII)Lnl ol" RLLuminLiidLd PrkiiliLL iippIiLablL' lo cliarili¥% prLpai-illb' IIILir
IILLI)unl% in aLLOI'd¢)iic¢ willi IIiL Fiii¢lllLlI)I RLPI)rling %iill)dai'd &ippIIL&iLIlL 111 IhL UK <ind RepiibliL ol.
IrLl£iiid PLibli%hLd in ()ctiib¥r ?11 l L) I S()R P ?() l ()) Kind IliL C'É)InpJniL'% Acl ?11{l().
'I)L I IllLIIIL lill .%l:IILII)Llll% JI'L prLpdfL.d i)ii a g()ing ci)nLLrn bil.%i% uiid¥r Ilie Iii%li)riL411 Ll)Nl L()Ill'Lnlic)ii.
Th¢ I IliiLllLi(11 sl&ilLI))Lll15 arL Pl'LbLntLd in %lLrliiig'
.IIiLlI 14 IIIL IuiiLLiun
Outerivest FoTr'lesidL. LoL#I Cirom'th l.imited {A compan!. lin)ilL.d b!. guarantei.) ntes to thL' accounts for the l'ear ended 31 l¥larch 2025 Expellditure (i l Dircit C Ii<iriiablc ExpLnditurL This fL'pfLsLnl4 dll Ixpinditure dirLclly attribuldblL lo LhdritablL CaUSLS. {ii l MaIiagenient & Adiiiinistraiion Tlii% iniludLS (ill oihLf L.xpLnditurc not dii-LLtI J. alloLÉllLd above and a portion ol. thc oicrhcad Lo%Is alli-ibul<il)IL lo iiiaiiclgeiiienl aiid adi)iini.%lrcltion. Income 2024 RL'Stricted Income Dlpdiliiienl lor C"omniiinilies Depiillinenl tor C'oinniiinilies Icapiiiil I Good Relalitin BHCP Derry & StTJbJiie District CounLiI 58.131 45.6$6 1.991 7.4(17 7?.947 138.985 47.647 Llnreslrtcted Income ManagFemLni tLilcosl of lii'in 7,7?5 I'otal Income 146.710 47.647 Restricted Funds Fund% fLCLIN'Ld wliicli arc Laniiarked by Ilil Fiindcr t.or pe¢ltiC piirpoqe4. SIiLh puryjuses are w'iihin Ihe over4111 dims of ilie orLFdllis(Ilion. IlnrestriL'ted Fund5 FuiiLls whiLh JrL L.XPiiid<iblL al th¥ discretion of thc Loinpany iii fiiiihcrancc of. thL Jims ot"tliL charity. In addilioii tund.% m£iy bL hL'ld iii order to tinaiiLL capital ini'¥s1111¢nt aiid ivorkiiigi Lapiial. Page 9
Outerwest Foi'le5ide I.OLal cBrotIl Limited 1.4 eompani.. limitL'd bi" giiargDtL'L) N()tvs tv tlie account for the iib#r ended 31 lrLh 2025 Resources Expended Unrestricted Funds Re5triited Fund5 Total Total 2024 %.lana%ement & Administration 52.297 2,2(19 52,?y7 Si41t-l- P¥nsiiiii cc)%l% Gocid rLIL1ti()ns expenye5 Reiil Traininb ProbTI'ainnii i.xpeiises Mi)lor Riinnin<y Priiiling',pc)%tJgTe & stationery ALL(iuiilÉ1ncy nsiirLillLe 1.991 5.500 6.000 4U 73.9()0 1.085 639 1.200 894 293 492 6.000 40 73.9()0 1.08$ 6.39 1 ,200 894 293 49? I,1$0 733 125 600 81? Baiik C h¢irgYes DepreLl¥ilii)n ol- Fixiures & Filliiicys -167 139,109 1.39.109 47,148 i e¢ Incoming Re%ourees 2024 Nel incornin r¢s()ui'Les hds been arriN'ed ai aft¢r ¢harging. Accountanc J. tees Depreciation 1.200 49? 600 367 Taxation No cliargc lo laxalion is duL a% Ihc Lompaiiy h&4 Lhari(ablL Statu%. Staff note The average nLiniber ol. persons ernployed bv Ihe Loinpanv during the year aniouiiitid to 2. 1?024..1) Thc ag&Fregaie payrull Losts inLUI-red dLirinu Iht ycar wcrc: 2024 Wagye.% and %alariLS PLll*ion uontribuiion 52.?97 54,51)() Page 10
Outerwest Foi,leside LoLal Growth l.imited
{kl ionipan!, limilL.d b!. guarantee)
i)te% ti) IIIL. acLountS
for thv l'ear endL'd 31 NlJrLh 2U25
l-anRible assets
Equipment
I'otal
Cost
Ai l April ?024
Addiiiolis
1 .4(19
51)0
1.411()
5011
Ai 31 MarLh 20?5
1,9()9
1.969
Depreciution
C'hKirgiL li)r the J¢
Outerne%t Foi,leside Local Grnm'th Limited IA cumpani. liniitl'd bi. kFuaranleL') tL'% tv the aL'COUlIt for the l'ear Linded 31 Illarch 2025 Movements in Funds .4t .4pril Iniuming Outgning 21124 resources resource At RL'striLted funds: Ti)[Jl i-¥%lriclLd liiiids 1311.985 IIIL).IOYI Unrestricted funds: T()lal uiirL%iricl¥(I tiincls 7,725 4L)() 14(),710 1 I_II),111g1 Purpi)ses iTrf Ri¥stricted Funds RLStriLILd byriiiil% aw¢ifLILd to IhL Lh¢iril>' is pr(ii'idLd tu Lovci. Ihl L()rL ()bj¥cls as ¥xplJinid in dii'LLlI)r r¢p()1l. RLlated Parti, Tr#ni¥L'tiOll5 Tli¢re w'ere nci r¢ldied party Ircins£lLli()iis dui-in¥J Ilio year. 13. Limited bv Guaran¢Lie TIIL LUIiiPiiny 1% l iirJilLLI by gyuarai)ti¥ and LIoL% not l)(il'L' a %liarc Lapiial, 14. Post Balanle Sheet ei'en15 Nc) sibiiijliL&iiil ei'¢iil% l)avL lik¢l) pILILL 4inLL the PLri()d end th£Trl W()uld r¢suIt in adju%tm¢nl% to 211?5 liiianiial inliirinatiun ()r inLlu%i()n (Il. J nulL IIILfLII). Page 12