Registered number: 032122&8 Charity number: 1056777 INVOLVE NORTHWEST (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
INVOLVE NORTHWEST (A company limited by guarantee) CONTENTS Page Reference and administrative details of the charity, its trustees and advisers Trustees. report Independent auditorfs report 10-13 Statement of tlnanclal actfvities 14 Balance sheet 15 Statement of cash flovrJ 16 Notes to the financial statements 17-33
INVOLVE NORTHWEST (A Company limited by guarantee) REFERENCEAND ADMINISTRATIVE DETAILS OF THE COMPANY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees D Cheyne G Doran A Barr M O'connor (resigned 26 November 2024) D Black (appointed 16 August 2023) A Wright (appointed 16 August 2023) Company registered number 03212268 Charity registered number 1056777 Reglstered office 334 New Chester Road, Birkenhead, Wirral, CH42 1LE Company secretsry L Aspinall Chief executive officer L Robinson (acting) Senior management team J Molyneux, CEO (until June 2024) L Robinson, Deputy CEO, acting CEO from June 2024 Independent auditor Crowe U.K LLP 3rd Floor St George's House 56 Peter Steet Manchester M2 3NQ Bankers Barclays Bank PLC, 2 Bebington Road. Birkenhead, CH42 6PU CCLA Investment Managemen(1 Angel Lane, London EC4R 3AB CAF Financial Solutions Limited, 25 Kings Hill Avenue, Kings Hill, West Malling Kent EC4R 3AB Solicitors Brabners, Horton House, Exchange Flags, LNerpool, L2 3YL Pagel 1
INVOLVE NORTHWEST (A company limited by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees are pleased to present their annual directors, report together with the financial statements of the charity for the year ending 31 March 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (revised 1 January 2019). Our purposes and activities The purposes of the charty are: To benefft the inhabitants Vlfirral wide by the promots'on of such charitable purposes as the trustees in their absolute discretion may from time to time decide. The Trustees have currently decided to support the delivery of quality of life interventions for people, families and communities. The vision for the organisation has always been 'people' since its inception in 1991. The driver for the delivery of the services is about knowing what our clients, needs are by the services and projects delivered and then lookj'ng strategically at how to gain the funds to support each service area with a funding stream that can sustain longevity in delivery. Involve's clients and passionate staff team help support the growth and development of the organisation for the future. The majority of staff are recruited from the Wirral population and they bring a wealth of experience, qualificats'ons, life resources and the passion to want to make a differen in whatever part of the charity they work within. The 7 key service areas are: Employment Social isolation Disability Benefits Domestic Abuse Debt Mental Health The Community Hubmell-being hub In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefi( including the guidance 'public benefit running a charity (PB2)'. All services deltvered by Involve Northwest are free of charge as we are able to secure grant funding to deliver the key strands and often are able to provide further wrap around support packages. Page12
INVOLVE NORTHWEST (A company limited by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The stratsgies employed to achieve the charity's aims and objectives are to: Offer free employment support to people who are long-temi unemployed on Vlfirral, also delivering job clubs in accessible venues in the community" Provide a service that delivers and supports socialty isolated people through a door knocking project. Support people on health related benefits maintain or enhan what they receive. Provide a domestic abuse service for mums and children, peer mentoring volunteering project and deliver the domests'c abuse kite mark for businesses Provide advice and guidan for individuals living in debt & financial povety Offer support to individuals with mild to moderate mental health issues Provide free clothing or pay as you feel and a range of free community activities Support the provision of free food Providing holistic therapies to our clients Putting these strategies into action we have supported annually over 12,000 vulnerable people. Our services we describe as supportlng qualty of life improvements. Reachout The Reachoutservice has been deltvered by Involve forthe past 17 years and has significantly grown in delivery. The main aim of the service is to support people who are long-temi unemployed and inacttve to help them find sustainable employment. The service is also delivered across Wirral via local community work clubs and three hub based community venues. Reachout also provides a discretionary fund to help tackle the pre employment barriers that individuals and families face whilst looking forwork, this fiJnd helps issues such as interview clothes, training and travel costs An employer engagement officer supports the Servi and is able to find employers on Wirral and beyond to ensure that Reachout is the first place they recruit from wrth our bank of people looking for work. Community Connectors The community connectorfs contract was won in February 2017 has now been extended until January 2025. The main aims of the project are to go out into the community via a door knocking seNice and find isolated people to help them gain a place back in the communty. The Servi also helps small voluntary groups with spark fund to help them to continue to deliver the vital resources in the community such as: Knit and natter groups IT groups Men's mental health Toast and talk The Wirral Infobank website, (WIB) which is hosted by Wirral Council was also developed and continued to be supported through this project The Community Connector service was awarded an extra contract in December 2022 to increase the team by another 23 people to be out in the community offering this vital service. This addttional contract was then extended to run until 31st January 2023 and is helping help people and communtties recover from the effects of the pandemic. Pagel 3
INVOLVE NORTHWEST (A company limited by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Benefits service The benefits service is one of the longest stsnding services delivered by Involve 2nd it was actually how the organisation started in 19911 Since then various ftjnders have helped deliver this project to help many thousands of people across Wirral. The main aim of the seNice is to support people with a health related condition etther apply for benefit support, sustsin benefit support or make a Challenge rfthatfinancial support has been removed. The service also offers representation at tribunal level if needed. Domestic Abuse The award of fvnding from The Steve Morgan Foundation meant that In September 2020 we started the development of the new Lighthouse families centre. The centre has three dedicated staff members operating 5 days a week and 2 evenings offering a safe pla if you are or have suffered domestic abuse. The centre is now funded until March 2026 with a grant from the National Lottery and we are aiming to be able to add services to the Lighthouse centre that complement the delivery. We also have two Independent Domestic Violence Advocates, funded through the PCC budget and a Children's Servi funded by Wirral Borough Council. In order to develop new sour$ of funding, a new charity °The Lighthouse Centre Wirral. was incorporated and registered in 2023. Details are shown in Note 20. Debt l Money Management The aim of this project is to help indlvlduals in financial crisis tsckte their debts, advocate on their behalf with the lenders and also support individuals and families with bespoke money management plans moving forward. Mental Health This project specifically works with individuals who have presented at their GP with anxiety and depression and who are awaiting intensive therapy. The project can intervene at pre- and post-therapy stage to tackle the identified practs'cal issues to help alleviate the overall mental health pressures and reduce down NHS waiting lists. Our volunteers The charity is very involved within the community and relies on voluntsry help. The main area that volunteers are involved is through the domestic abuse service via peer mentoring (#gotthetshirtl. This crucial partofthe organisation delivers coffee mornings across Wirral supporting and helping sufferers of domestic abuse. Achievements and performance Involve has achieved the followlng during the year. 760 clients have signed up to Reachout of which 466 clients were supported into sustainable employment, with 244 new vacancies found via our local Employer engagement teaml 111 clients have recetved one-to-one mental health support from our Brighter Times tearn. 1,793 clients were signed up to the Connect Us project of which, 840/0 of clients have gone onto accessing an activity as a consequence of being supported by a connector. 127 families (inclusive of 290 children and household members) were supported by our Family Connectors, 84 % of these families reported an improvement of their wellbeing after 3 months of supporL 662 people have been supported with their Mental Health with 96 /0 feeling more in control of their lives when disengaging from the servicel The Wirral Info Bank webstte has received 73.000 views. with 3.859 servIS now available online for local people to a¢sS additional support. 1,075 local people have been referred to the Community Hub for suppor(525 local people have received a food parcel. Page14
INVOLVE NORTHWEST (A company limited by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perfomiance (cont.) 1,292 client wellbeing interventions have been delrvered by our Helpout advisors, of which 960A of clients reported an improvement in their wellbeing. 627 have been supported with Welfare and Debt issues to overcome financial povety with £1.1 million of benefits maintained andlor maximised! I OQOA of our DV children say they feel happier after receiving support from the Leapfrog Programme. 595 people have been supported with welfare beneffts support directly at local social supermarkets. 594 clients have received support from the Lighthouse Centre with 1,567 client interventions. A total of 10 Lotus programs have been delivered. Fundralslng The charity had no fundraising activities requiring disclosure under S162A of the Charities Act 2011. Financial review The results for the year and the charity's financial posits'on at the end of the year are shown in the attached financlal ststements. Incoming resources in the year were £2,862,502 (2023: £3,547,828) of which £2,744.945 (2023.. £3,475,178) related to project restricted acttvtties. The main reason for the reduction in income was the ending of additional Covid 19 related funding for Communty Connectors that ended in January 2023. The main funder for Involve Northwest is Wirral Council, who provided £936,288 (2023." £997,163) in respect of Wirral Worklessness Support (known as "Reachouf) and £936,288 (2023: £1,246,319} for the Community Connectors project in addition to funding for the Leapfrog and some other projects. Resources expended were £2,994.008 (2023. £3,270,386). £2,738,852 (2023.. £3,043,523) related to restricted activities. Total outgoing resources exceeded incoming resources by £131,506 (2023.. income exceeded expenditure by £277,442). Th was because outgoing restricted resources exeded incoming restricted resources by £225,202, compared with 2023 where incoming restricted resources exceeded restricted funds expended by £245,777. In 2024, there were net incoming unre5trtcted resources of £93,696 {2023: £31,665) Our pricing policy Our pricing policy reflects our strategy of enabling all within our community, whatever their means, to take part in our acts'vities, thus everything delivered is free. Investment Policy The Charity does not have funds to invest for the long term at this stage. but it does hold bank deposits that are held for contingencies, to underwrite core costs in the event that major contract is not renewed or to cover redundancy costs in a similar situation. The trustees therefore deposit any funds that are not needed in the short term for operational needs with a variety of interest bearing deposit holders, to spread the risk of the holdings and to ensure that the funds are accessible as and when needed for operational purposes. During the year the charity operated a deposit account with CCLA Investment Management Limited that is instantty accessible and bears a competitive variable interest rate. In addition, through CAF Financial Solutions Lts, Involve Northwest aCsS an investment platform with Flagstone Investment Management. This enables us to a¢¢ess a range of term bank deposits through that platfOn for penods of up to 18 months, while spreading the risk by holding an amount that is covered by the FCA depos(t protection scheme wth each deposit taker. Pagel 5
INVOLVE NORTHWEST {A company limtted by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Reserves policy Reserves are primarily needed to ensure that the core and support costs of the charity can be met should a significant contract be ended. The trustees, policy is to ensure that sufficient free reseNes are held to cover up to six months of core and support costs in order to cover such costs should major contracts be terminated and to give time for altemative funding to be obtained or for a reorganisation of the charity- In addition, the trustees have designated sufficient reserves to cover the unfunded redundancy liability to which it would be exposed should its contracts be teminated. Finally, the trustees have designated an amount equal to the net book value of the building and improvements to a designated buildings reserve. as these funds are not readily realisable. At 31 March 2024, six months core costs are estimated to be around £220,000 and free unrestricted reserves amounted to £371,969 (2023.. £269,597}. In addition, the designated redundancy reserve totals £157,135 (2023.. £128,164> and the designated building fund totsls £242.493 (2023: £280,140). Total unrestricted funds amounted to £771.597 (2023.. £677,901). Going Concern Tre trustees have considered the financial position of the charity. the levels of free reseNes and financial forecasts for 2025-26 and, as a consequence, the trustees are Satisfied that the charity is well placed to manage its financial risks successfully. The charity is funded to a signtficant extent by short term contracts that are subject to periodic re-tender or extension. The main risks that the charity faces would be the impact on recovery of core costs should rtain key contracts not be renewed and the redundancy costs that might arise in the event that happens. A significant part of the income of the chartty is provided through its Reachout contract which has been extended to 31st March 2025 with the possibility of further extension, subject to funding being available. However, the trustees have considered the ability of the charity to continue as a going concem, were the contract not to be extended after March 2025. The trustees have reviewed the projected reserves p0SOn in March 2025 and consider that it would be sufficient to continue to fund the core support and management costs of the charity for a period of at least twelve months were the contract not to be renewed after that date. This would provide time and resources to seek altemative income sources or to arrange an orderly restructure of the charity. The trustees have also designated sufficient funds in a redundancy resetve to cover the maximum estimated redundancy costs should all tts contracts not be renewed and the relevant staff team made redundant at that point. Should a contract be awarded to another provider at that date, it is likely that the staff currently employed on it would be transferred to the new provider under TUPE and the new provider would assume that redundancy liability. 1st the renewal of the contract from 1st April 2025 represents an UnrtaInty for the charity, the trustees consider that even if the contract is not renewed the chaty would be able to continue to operate as a going concern and deliver the remaining contracts and the financial ststements have been prepared on such a basis. Page16
INVOLVE NORTHWEST (A company Itmited by guarantee) TRUSTEES REPORT FOR THEYEAR ENDED 31 MARCH 2024 Plans for future periods Following the lifting of Covid restrictions and the reopening of the Hub to be a service to the Communty and the securing of the renewal of the Reachout Contract, the objectives for development over the next few months include.. Re tendering for the successor contract to the current Reach Out contract after the current contract ends in March 2025. Continuing to invest in the building to ensure its suitability and sustainability to support the work of Involve Northwest and other partner organisations who use the building into the future Furtherdeveloping thework of the Lighthouse Centre, following the establishment of a subsidiary charity to bid for new funding . Update the Memorandum and Articles of the Chartty Ensuring stsbility of current contracts in line with funders Exploration the development of services outside Wirral Maintaining a fully tenanted building in the ethos of Involve Northwest Dlrectors and trustees The directors of the charftable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows: Chair A Barr. Elected trustees: A Barr G Doran M O'connor (resigned 26th November 2024) D Black (appointed 16 August 2023) A Wright (appointed 16 August 2023 Structure, Governance and Management Governing Document Involve Northwest is a company limited by guarantee govemed by its Memorandum and Articles of Association dated 14 June 1996. It is registered as a charty wtth the Charity Commission. Appointment of trustees As set out in the Articles of Association the charty appoints trustees through a re¢ruttment process to join the board. The board will always have a quorum forvoting processes as set out in the articles. The board also retain the right to co-opt board members with specialist skills if neecfed by the charty. Trustee induction and training New trustees undergo an orientation day to brtef them on their legal obligations under charity and company law, the Charity Commission guidance on public benefit and inform them of the content of the Memorandum and Articles of Association, the committee and decision-making processes, the busin*s plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate extemal training events where these will facilitate the undertaking of their role. Page17
INVOLVE NORTHWEST (A company limited by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Organisation The board of trustees, which can have up to 12 members, administers the charity. The board normally meets quarterly with an annual away day. A Chief Executive is appointed by the trustees to manage the day-to-day operations of the charty. To facilitste effective operations. the Chief Executive has delegated authority, within terms of delegation approved by the trustees, for operational matter5 including finance, employment and strategic development. Related parties and co-operation with other organisations None of our trustees re1ve remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity must be disclosed to the full board of trustees in the same way as any other contractual relationship w(th a related paty. In the current year no such related paty transactions were reported. Pay policy for senior staff The directors consider the board of directors, who are the charity trustees, and the senior management team comprise the key management personnel of the charrty in charge of directing and controlling, running and operating the charity on a day-to-day basis. All d1CtOrS give their time freely and no director received remuneration in the year. The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charity, the directors benchmark against pay levels in other provincial charities of similar size run on a voluntary basis. Risk management The trustees have a risk management strategy which comprises: 8n annual review of the principal risks and uncertainties that the charity is compliant to ISO 9001.2015 standards the establishment of policies, systems and produreS to mttigate those risks identified in the annual review., and the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise. This work has identified that financial sustainability is the major financial risk for the charity- A key element in the management of financial risk is a regular review at each board meets'ng which is discussed with the trustees. The charity commissioned an updated Business Continuty Plan with support from our insurers during the year. Attention has also been focussed on non-financial rtsks arising from fire, health and safety such as lone working. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place, and regular awareness training for staff working in these operational areas. Pagel 8
INVOLVE NORTHWEST (A company limited by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Trustees, responsibiltttes in relation to the financial statements The charity trustees are responsible ft)r preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 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 group and of the incoming resources and application of reSoUrs, including the income and expenditure. of the charitable group for that period. In preparing the financial statements, the trustees are required to- select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP", make judgements and estimates that are reasonable and prudent state whether applicable UK accounting standards have been ft)Ilowed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The trustees a responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hen taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible forthe maintenance and integrity of the corporate and financial infomiation included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. Ststement as to disclosure to our auditors In so far as the trustees are aware at the time of approving our trustees, annual report. there is no relevant information, being infomats'on needed by the auditor in connection with preparing their repor( of which the charities auditor is unaware, and the trustees, having made enquiries of fellow directors and the group's auditor that they ought to have individually taken, have each tsken all steps that helshe is obliged to take as a director in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Small Company Provisions This report has been prepared in accordan with the special provisions relating to small companies within Part 15 of the Companies Act 2006. By orde the board of twstees D BLACK Trustee Pagel 9
INVOLVE NORTHWEST (A company by guarantee) INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF INVOLVE NORTHWEST Opinion We have audited the financial statements of Involve Northwest for the year ended 31 March 2024 which comprise the Ststement of Financial Activities, Balan Shee( Cash Flow Statement and notes to the financial statement5. including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United lfjngdom Accounting Stsndards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accountsng Practice). In our opinion, the financial statements- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming reSoUrS and application of resources, including its income and expenditure for the year then ended", have been properly prepared in accordan wtth Unitsd Kingdom Generally Accepted Accounting Practice., have been prepared in accordan with the requirnents of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Stsndards on Audtttng (UK) (ISAS (UK)) and applicable law. Our responsibilities Llnder those standards are fijrther described in the Auditorfs responsibilities for the audit of the financial statements section of our report We are independent of the charitable company in accordan with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the directorfs use of the going Gonrn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a pertod of at least twelve months from when the financial statements are authorised for issue. Our responsibilrties and the responsibilities of the directors with respect to going concem are described in the relevant sections of this report. other information The trustees are responsible for the other information contained within the annual reporL The other information comprises the infom12tion included in the annual repor( other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicit]y stated in our report, we do not express any fomi of assurance conclusion thereon. Our responsibilty is to read the other inforrnation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies 01 apparent material misstatements, we are required to deterrnine whether this gtves rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomed, we conclude that there is a material misststement of this other information, we are required to report that fact. We have nothing to report in this regard. Page | 10
INVOLVE NORTHWEST (A company by guarantee) INDEPENDENT AUDtTOR'S REPORT TO THE MEMBERS OF INVOLVE NORTHWEST Opinion on other matter prescribed by the Companies Act 2006 In our opinion based on the work undertaken in the course of our audit the information given in the directors, report forthe financial year for which the financial statements are prepared is consistent with the financial statements. and the trustees, report have been prepared in accordance with applicable legal requirements. Matter5 on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audi( we have not identified material misstatements in trustees, report. We have nothing to report in respect of the following matters in relatson to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept by the charitable company, or returns adequate for our audit have not been received from branches not vistted by us", or the financial statements are not in agreement with the accounting records and retums. or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the information and explanations we require for our audit; or the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and tske advantage of the small companies, exempts.on in preparing the trustees report and from the requirement to prepare a strategic report. Responsibllltles of trustees As explained more fully in the trustees, responsibilities ststement set out on page 9, the trustees are responsible for the preparation of the financial ststements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees detemiine is neSSary to enable the preparation of financial statements that are free from material misststement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitsble company's abiltty to continue as a going concem, disclosing, as applicable, matters related to going Goncem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Auditofs responsibilities for the audit of the financial ststements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an audrtorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will aayS detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material tf, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of user5 taken on the basis of these financial statements. Extent to which the audit vffis considered capable of detecting irregularities. including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error. and discussed these between our audit team members. We then designed and performed audit procedures responsÈve to those risks, including obtaining audit eviden sufficient and appropriate to provide a basis for our opinion. We obtained an understanding of the legal and regulatory frameworks wthin which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006. Charities Act 2011 and employment legislation. Page | 11
INVOLVE NORTHWEST (A company by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INVOLVE NORTHWEST We assessed the SuSptibIlity of the financial statements to material misstatemen( including how fraud might occur, by meeting wtth management from relevant parts of the business to understand where management considered there was a susceptibility to fraud. We also considered the potential for management to manage earnings and influence the perceptions of the financial ststements. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management and the timing of recognition of income. Audit procedures perfomied by the engagement team included-. Evaluation of the design of controls established to address the risks related to material irregularities in the financial statements. Testing manual joumal entries, in particularjournal entries relating to management estimates and entries detemined to be large or relating to non-routine transactions. Evaluation of income recognition policies and any judgements made around income recognition; reviewing the income system for significant deficiencies or susceptibility to fraud., Challenging assumptions and judgements made by management in their significant accounting estimates-, Agreement of the financial statement disclosures to underlying supporting documentation; Making enquiries of managemen(. Review of minutes of board meetings throughout the period. Our audit prOdureS were designed to respond to risks of material misstatsment in the financial statements, recognising that the risk of not detecting a material misststement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements. even though we have properly planned and performed our audit in accordance wtth auditing standards. We are not responsible for preventing non<ompliance and cannot be expected to detect non-compliance with all laws and regulations. These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophists'cated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations. A further description of our responsibilrties for the audrt of the financial statements is located on the Financial Reporting Council's website at.. ww.frc.org.ukjauditorsresponsibilities. This description forms part of our auditoff s reporL Use of our report This report is made solely to the charitable company's members, as a body, in accordan with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the charitable company'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 pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charttable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Page | 12
INVOLVE NORTHWEST (A company by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF INVOLVE NORTHWEST Victy Szulist (Senior Ststutory Auditor) for and on behalf of Crowe U.K. LLP Statutory Auditor Crowe U.K. LLP 3rd Floor st George's House 56 Peter Steet Manchester M2 3NQ D8te Crowe U.K. LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006. Page113
INVOLVE NORTHWEST (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Charitable activities Snvestrnents 2,233 1,322 114 002 22,112 2,722,833 24,345 2,724155 114002 13,389 3A65,215 Total income 117 557 2 744 945 2 862 $02 3 547 828 Expenditure: Charitable activities 255 156 2 738 852 2 994 008 3 270 386 Net income 1137.599) 6.093 {131,506) 277,442 Transfer beeen funds 231,295 (231,295) Net incomelexpenditure after transfers 93,696 {225,202) (131,506) 277,442 Total funds brought forward 677 901 822 631 1500 532 Totsl funds Carried forward 597 429 1369 026 1500 532 The notes on pages 17 to 33 form part of these financial statements. Page114
INVOLVE NORTHWEST (A company limited by guarantee) REGISTERED NUMBER: 03212268 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Tangible assets 10 242,493 280. 140 Current assets Debtors 11 161,891 156,486 Cash at bank and in hand 1231832 1488 718 1,393,723 1,645,204 Creditors" amounts falling due within one year 12 424 812 Net current assets 1126 533 1220 392 Net assets Charity Funds Restricted Funds Unrestricted fijnds 14 14 597,429 771597 822. 631 Totsl funds The company's financial statements have been prepad in accordance with the provisions applicable to companies subject to the small companies regime. The financial ststements were approved and authorised for issue by the Trustees and signed on their behalf, by.. D BLACK Trustee ,g | i%la+ The notes on pages 17 to 33 fom part of these financial statements Page | 15
INVOLVE NORTHWEST (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note Cash flows from operating actvvities Net cash generated byl (used in) operab'ng acttvrfcies 16 366 507 450 677 Investing activities: Purchase of tangible fixed assets Cash flows from investing actlvltles: Rental and interest income 114 002 Net cash (used by) I provided by investing activities 109 621 Change in cash and cash equivalents in the year (256,886) 476, 737 Cash and cash equivalents brought fotward 1488 718 1011981 Cash and cash equivalents carried forward The notes on pages 17 to 33 fonn part of these financial statements. Page | 16
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies 1.1 Basis of preparation of financial ststements The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporttng Standard applicable in the UK and Republic of Ireland (FRS 102) (effedive 1 January 2019) - (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Involve Northwest meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.2 Company ststus The charitable company is a private company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company. The registered office is listed on the reference and administrative details page. The entity is registered at both Companies House (reg no: 03212268) and the Charity Commission (reg no.. 1056777) in England and Wales. 1.3 Going concern The trustees have considered the financial position of the charity, the levels of free reserves and financial forecasts for 2025-26 and, as a consequence, the trustees are satisfied that the charity is well placed to manage its financial risks sucsSfUlly. The charity is funded to a significant extent by short term contracts that are subject to periodic re- tender or extension. The main risks that the charity faces would be the impact on recovery of core costs should certain key contracts not be renewed and the redundancy costs that might arise in the event that happens. A significant part of the income of the charty is provided through its Reachout contract which has been extended to 31sI March 2025 wtth the possibility of further extension, subject to fvnding being available. However, the trustees have Considered the ability of the charity to continue as a going concern. were the contract not to be extended after March 2025. The trustees have reviewed the projected erVeS position in March 2025 and consider that it would be sufficient to continue to fund the core support and management costs of the charity for a period of at least twelve mnths were the contract not to be neWed after that date. This would provide time and resources to seek alternatÉve income sources or to arrange an orderly restructure of the charity. The trustees have also designated sufficient fijnds in a redundancy reserve to cover the maximum estimated redundancy costs should all its contracts not be renewed and the relevant staff team made redundant at that point Should a contract be awarded to another provider at that date, it is likely that the stsff currently employed on rt would be transferred to the new provider under TUPE and the new provider would assume that redundancy liabilty- Vvhist the renewal of the contract from 1st April 2025 reprotsents an uncertainty for the charty, the trustees consider that even if the contract is not renewed the charity would be able to continue to operate as a going concem and deliver the remaining contracts and the financial ststements have been prepared on such a basis. Page | 17
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1A Income All income is recognised once the company has entitlement to the income, rt is probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliabty and the company has been notified of the executorfs intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the crTteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed rf material. Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees, report for more infomation about their contribution. On receipt, donated professional services and donated facilities are recognised on the basis of the valLEe of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefrt on the open market,. a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by act(vity. The costs of each acttvity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which Gontribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. 1.6 Tangible fixed assets and depreciation All assets costing more than £1,500 are capitalised. A review for impairment of a fixed asset is carried out rf events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impaimient losses are recognised in the Statement of financial acb"vities incorporating income and expenditure account. Page118
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Tangible fixed assets and depcIatiOn (continued} Tangible fixed assets are carried at cosc net of depreciation and any provision for impaimient. Depreciation is provided at rates Calculated to write off the cost of red assets, less their estimated residual value, over their expected useful lives on the following bases: Freehold property Fixtures and fittings Office equipment Propety improvements 5'h straight line 250fi straight line 250/0 straight line 200/0 straight line 1.7 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be rneasud reliably by the company. this is normally upon notificats'on of the interest paid or payable by the Bank. 1.8 Debtors Trade and other debtors are recognised at the setttement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.9 Cash at Bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.10 Liabilities and provisions Liabilities are recognised when the is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or SeNiS it must provide. Provisions are MeaSud at the best estimate of the amounts required to settle the obligation. Vvhere the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. 1.11 Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequendy measured at amortised cost using the effective interest method. 1.12 Pensions The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year. Page119
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEIIIENTS FOR THE YEAR ENDED 31 MARCH 2024 1.13 Fund accounting General funds are unrestricted fijnds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. 1.14 Critical accounting Judgements and key sources of estimation uncertainty In the application of the accounting policies, trustees are required to make judgement, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant Actual results may dtffer from these estimates. The estimates and assumptions are reviewed on an ongoing basis and revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods rf the revision affected current and future periods. The estimation of expected useful life of fixed assets and the resultant depreciation provision are a matter where judgement is applied and detsils of this are given in note 1.6 of the Accounting Policies. The potential redundancy liabilty should current contracts not be renewed is also a matter of estimation. The maximum potential liability has been calculated based the projected statutory redundancy cost should all staff whose redundancy cost is not specifically provided for in the contract, be made redundant at the end of the term of the contract on which they are employed, taking into account their projected age and length of service at that date. The resultant maximum potential liability is provided for in a designated fund in note 14 to the accounts. Judgement is also exercised in the financial forecasts that have been used to calculate the reserves policy and assess the going concem of the charity in the event that a significant contract is not renewed at the end of its term. These judgements are based on the known contractual position and assessment of staff and other costs required to deliver them, together with an assessment of appropriate support costs. Page120
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2. Income from donations and legacies Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Donations Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Donations Income from charftable actlvltles Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Reachout Advice centre Domestic abuse advice service Community connectors Other community services Clear Minds 1,139,901 168,222 281,282 978,552 48,248 106,628 1.139,901 168,222 281,282 978,552 49,570 106,628 1,322 Unrestncted fvnds 2Q23 Restricted fvnds 2023 Total funds 2023 Reachout Advi ntre Domestic abuse advi service Community connectors Other communtty services Clear Minds 1,314,326 185,182 256,305 1.421,831 179, 674 106 628 1,314,326 185,182 256,305 1.421,831 180.943 106 628 1,269 Page121
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Investment income Unrestricted funds 2024 Total funds 2024 Rental income Investment income 66,379 66,379 Untsstncted fvnds 2023 Total fvnds 2023 Rentsl income 61.089 61,089 Investrnent income Direct costs Domestic abuse advice Community service connectors 2024 2024 Advice centre 2024 Reachout 2024 Partner payments Office costs Premises costs Other costs Legal and professional Audit fees Wages and salaries National insurance Pension cost Depreciation 289,268 34,561 29,760 17,121 3,413 5,970 25,836 1,703 8,972 637 8,093 1,778 71,678 885 18,525 1,329 2,187 631,488 57,119 12,930 11,334 119,170 9,983 2.426 199,406 15,997 3,653 872,652 73,110 14,196 Page | 22
INVOLVE NORTHWEST (A company lÈmited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IKqARCH 2024 Direct costs (continued) Other communty services 2024 Clear Minds 2024 Total 2024 Partner payments Office costs Premises costs Other costs Legal and professional Audit fees Wages and salaries National insurance Pension cost Depreciation 295,238 150,001 34,684 85,670 7,675 5,562 292 1,176 61 4,271 266 39,876 48 105,477 6,948 1,897 22,334 4,851 613 1,950,527 168,008 35,715 Domestic abuse advice service 2023 Advice centre 2023 Communty connectors 2023 Reachout 2023 Partner payments Office costs Premises costs Other costs Legal and professional Audit fees Wages and salaries National insurance Pension cost Depreciation 338,423 57,238 34,540 31,524 3,880 3,467 605,575 59,226 11,930 11,333 5,242 4,961 490 785 704 113,359 10,334 2.402 27,357 11.205 13,950 119 93, 652 17,048 75, 050 4,295 4,333 952.618 83,482 16,816 175,741 14.226 3,482 115713 Page | 23
INVOLVE NORTHWEST IA Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARGH 2024 Direct costs (continued) Other community services 2023 Clear Minds 2023 Total 2023 Partner payments Office costs Premises costs Other costs Legal and professional Audit fees Wages and salaries National insurance Pension cost Depreciation 338,423 193,402 71,352 252, 743 9,236 8,504 1.948,300 174,262 35,967 7,871 2,025 131,011 17 2042 1.573 718 139 20,591 1697 141 80,416 5,298 1196 6. Support costs Domestic abuse advice servicè Advlce centre 2024 Community connectors 2024 Reachout 2024 2024 Premises and office cost Legal and professional Audit fees Wages and salar(es National insuran Pension cost Depreciation 62,942 7,628 5,439 17,508 747 258 12,925 9,288 1,126 803 2,584 110 38 1,908 15,532 1,882 1,342 4,320 184 64 3,190 53,691 6,507 4.639 14,934 637 220 11,025 Page | 24
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 6. Support costs (continued) Other community services Clear Minds 2024 2024 Total 2024 Premises and office costs Legal and professional Audit fees Wages and salaries National insurance Pension cost Depreciation 2,129 258 184 592 25 5,888 714 509 1,637 70 24 1,209 149,470 18,115 12,916 41,575 1,773 613 30,694 437 Domestic Advice abuse advice cent serwce 2023 Community connectors 2023 Reachout 2023 2023 Premises and office costs Legal and professional Audit fees Wages and salaries National insurance Pension cost Depreciation 63, 895 3,081 1,319 5,951 130 42 11,383 9,002 434 186 839 18 12,635 609 261 1,177 26 69, 122 3,333 1,427 6,438 140 45 12,314 1, 604 2,251 Page125
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 6. Support Costs (¢ontinued) other communty seryices 2023 Clear Minds 2023 Total 2023 Premises and office costs Legal and professional Audit fees Wages and salaries National insurance Pension cost Depreciation 9.105 439 188 848 18 5,184 250 107 483 168,942 8, 147 3,488 75, 736 343 110 30.097 1,622 923 Govemance Costs Included in direct and support costs are the following govemance costs: 2024 2023 Auditors, remuneration Legal and Professional costs staff costs Totsl 12,915 18,115 11,992 8,147 4,000 36,030 Analysis of Expenditure by expenditure type Staff costs Depreciation Other costs 2024 2024 2024 Total 2024 Reachout Advice centre Domestic abuse advice seNice Community connectors Other community services Clear Minds 720.050 134,312 223,624 975,749 28,424 116 054 24,260 1,907 3,190 11,025 437 450,132 1,194,442 23,275 159,494 61,874 288,688 157,254 1,144,028 47,032 75,893 131463 2 198 213 753 767 2,994 008 staff costs DepCiatiOn Other costs 2023 2023 2023 Total 2023 ReachoLrt Advice centre Domestic abuse advice servi Community connectors Other communrty servi5 Clear Minds 682, 854 126, 958 194. 659 1, 059,540 23,302 87.407 22,716 1.604 2.251 12,314 1,622 923 537,367 1.242,937 21.804 150.3S6 66, 137 263,047 268,259 1,340, 113 150, 656 175, 580 10,013 98.343 2,174. 720 41.430 1,054,236 3 270 386 Page126
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Audltors, remuneration The Auditoff s remuneration amounts to an Audit fee of £12.915 (2023 - £12,300). and non-audit servi$ of £Nil12023 - £N il). Staff costs and related party transactions Staff costs were as follows: 2024 2023 Wages and salaries Social securrty costs Other pension costs 1,992,103 169,78 36,329 1,947,336 166, 656 36,116 The average number of persons employed by the company during the year was as follows: 2024 No. 2023 No. Charitable Management 82 79 The number of higher paid employees was.. 2024 No. 2023 No. In the band £60,001- £70,000 Key management personnel consist of those listed on the admin and reference page. Total remuneratlon for the year amounted to £161,147 (2023: £154,212). No trustees were remunerated during the period (2023.. nil) and no trustees had expenses re-imbursed (2023: nil) Involve Northwest purchase environmental consultancy SeNiS as and when required from DPC Consultants Ltd, which is a business controlled by the son of a Trustee. Ms M O'connor. Services to a value of £588 {2023- £540) were purchased from this business during the year ended 31 March 2024. There was no outstanding balance due to DPC Consultants Ltd at the year end. Involve Northwest has purchased IT equipment and support from Vigo IT Solutions Ltd for a number of years. During the year to 31 March 2022, Ms M O'connor, a member of the senior management of that company, became a trustee of Involve NorthwesL Involve Northwest continue5 to purchase IT support and services from Vigo IT on normal commercial terms and purchases of services and equipment with a value of £80,722 (2023 - £80,247} were made during the year under review. There was no outstanding balanGe due to Vigo IT Solutions Ltd at 31 March 2024. Ms O'connor is not involved in the contractual arrangements relating to these servIS or in the delivery of these services. Mr A Barr is a trustee of Involve NorthwesL His wrfe and son are employees of the charity. They were both recruited prior to Mr Barrfs appointment and they are employed under standard terms of employment of the company. Mr Barr has no involvement in the remuneration or management of either of them. Page127
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Tangible fixed assets Property Freehold improvements property and vehicles Total Cost At 1 April 2023 350,000 99,781 449,781 Additions 4,381 4,381 At 31 March 2024 350 000 104 162 Depreciation At 1 April 2023 Charge for the year 122,500 17,500 47,141 24,528 169,641 42,028 At 31 March 2024 140 000 71669 aL669 Net book value At 31 March 2024 At 31 March 2023 11. Debtors 2024 2023 Trade debtors Prepayments and accrued income 84,113 77,778 114,581 41,905 Page | 28
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Creditor5: Amounts falling due within one year 2024 2023 Trade Creditors Other taxation and social security Other Creditors Accruals and deferred income 51,234 38,716 10,090 167,150 81,038 36.576 8,305 298,893 Deferred income 2024 2023 Deferred income at 1 April 2023 Resotjrces deferred during the year Amounts released from previous years 189.107 40,681 189 107 266,077 189,107 266 077 Deferred income at 31 March 2024 Deferred income relates to rents and grant income provided in advance which relate to the 2024-25 financial year. 13. Financial instruments 2024 2023 Financial assets measured at amortised cost Financial liabilities measured at amortised cost Financial assets measured at amortised cost comprise trade debtors and cash. Financial liabilities measured at amorti5ed cost comprise trade creditors, other creditors and accruals. Page | 29
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balancè at 1 April 2023 Income Expendtture Transfers Designated funds Fixed Asset Fund 280,140 (37,647) 242,493 Redundancy costs 128,164 28,971 157,135 General funds General Funds 269 597 7557 25 156 239 971 371969 Total Unrestricted funds 677901 7557 255156 231295 771597 Restricted funds Reach out Advice Servlces Domestic Abuse Advi Services Community Connectors Other Communty Acttv(ties Clear Minds 30,520 41,902 69,854 604,539 31,143 44,673 1.139,901 168,222 291,780 978,555 59,859 106,628 1,086,994 143,637 262,174 1.052,375 72,259 121,413 183,074) (31,928) (24,435 (86,340) 353 34,559 75,025 444,379 18,743 24,370 (5,518) 822 631 2 744 945 2 738 852 231295 597 429 Total fijnds ReachOut- Employment partnership working with long-term unemployed individuals overthe age of 30, including sustainability support for 6 month5 Post retuming to the labour market Advice Services- Advice and guidance se1 for people with health conditions up to and including tribunal representation. Domestic Abuse Advice Services- The provision of a o-tiÉred programme to support families in relation to domestic abuse. 10 week programmes of support and interventions for mums and children and 1 to 1 support. Community Connectors- The Servi engages the disengaged by setting up a nerk of new roles in the community to tackle the issue of social isolation and promote actrve inclusion which will improve and provide health benefits and lead to greater readiness for work. Clear Minds - provides support to individuals with mentsl health needs Other Community Activities- Provision of various community acttvff(ies to include an annual pensioners paty etG. Page | 30
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Statement of funds (continued) Designated Funds The Fixed assets Fund represents the net book value of fixed assets held for use by the charty and so these ftjnds are not readily realisable. The Redundancy Fund represents the potential addthonal redundancy costs to the charity if none of the current contracts were renewed at the end oftheir term. Transfers in the year represent costs allocated by the Trustees to allocate ntral propety costs across the different restricted activities and to create the Fixed Asset fvnd. No further amounts were transferred to the redundancy fund in the year. Statement of funds - prior year Balance at 31 March 2023 Balance at I April 2022 Income Expenditure Transfers Designated funds Fixed Asset Fund 278,466 (20,332) 280, 140 Redundancy costs 118,004 8, 790 128, 164 General funds General Funds 249 766 132 763 269 597 Total Unrestricted funds 646 236 153 520 121221 77.901 Restricted funds Reach Out Advice Services Domestic Abuse Advice SeNices Communty Connectors Other Community Activities Clear Minds 912.365 153.415 244, 935 1, 620, 132 53, 606 106.628 849,986 142,021 232. 099 1,278, 865 68.170 86,300 (62.379) (70,879) 3,901 (45, 603) (741) (5,520) 30,520 4q,902 69. 854 604,539 31,143 44,673 14,989 61,324 451,272 8,321 40,948 3 097 081 2 657441 121221 822 631 Total funds 22 Page | 31
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Anatysis of net assets between funds Analysis of net assets between funds - current year Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 231,159 11,334 540,438 853,285 1267,190) 242,493 1,393,723 (267,190) Analysis of net assets between funds - prior year UnTrstricted funds 2023 Restricted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 257,472 420,429 22,668 1,224, 775 (424, 812) 280, 140 1,645,204 (424, 812) 16. Reconciliation of net movement in funds to net cash flow from operatlng activities 2024 2023 Net income ft)r the year (as per Ststement of Financial Acttvtties) (131,506} 277,442 Adjustment for: Depreciation charges Rent and interest income De¢rease/(in¢rease) in debtor5 Increase in creditors 42,028 (114,002) (5,405) 157 622 41,430 (69.224) 198.641 2.328 Net cash generated byl (used in) operating activities Page132
INVOLVE NORTHWEST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Analysis of cash and cash equivalents 2024 2Q23 Cash in hand 1231832 1488 718 Total 48 18. Pension commitments The charty operates a defined contribution pension scheme which is a mulb'-employer scheme. The assets of the scheme are held separately from those of the charty in an independently administered ftjnd. The pension costs charge represents contributions payable by the charity to the fund and amounted to £36,328 (2023: £36,116). No amount was outstanding as at 31 March 2024 (2023: £nil). 19. Operating lease commitments At 31 March 2024 the total of the Charity's future minimum lease payments under non-cancellable operating leases was: 2024 2023 Amounts payable: Within 1 year Beeen 1 and 5 years 4992 7735 7, 003 Total 20. Lighthouse Centre Wirrdl On 30th June 2023, Involve Northwest formed a company limtted by guarantee, The Lighthouse Centre Wirral (LCW), company number 14972772. It was registered as a charity on 2nd November 2023, charity number 1205553. This charity was set up to further develop the work of the Lighthouse Centre, which supports women and families who are suffering as a result of domestic abuse. Although Involve Northwest is the sole memb8r of LCW and has a right to remove trustees in exceptional circumstances. LCW has an independent Board of Trustees and Involve Northwest does not have any right of access to its funds. Involve Northwestwill work closely with the trustees of Lcwto help them develop the sewices of the charity. The intention is that Lcwwill rernain independent of Involve Northwest and their services will run in parallel with and be complementsry to those offered by Involve Northwest Page | 33