COMPANY REGISTRATION NUMBER: N1019258 CHARITY REGISTRATION NUMBER: NIC100004 Disability Action (Nl) Company Limited by Guarantee Financial Statements 31 March 2023 Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN
Disability Action (Nl) Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporating the director's report) Independent auditorts report to the members Statement of financial activities (including income and expenditure account) 12 Statement of financial position 13 Statement of cash flows 14 Notes to the financial statements 15
Disability Action (Nl) Company Limited by Guarantee Trustees. Annual Report {Incorporating the Dlrector's Report) Year ended 31 March 2023 The trustees. who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2023. Reference and administrative details Registered charity name Oisability Action (Nl) Charity registration number NIC100004 Company registration number N1019258 Principal office and registered Portside Busines5 Park office 189 Airport Road West Belfast BT3 9ED The Irustees P Bray M Douglas l Elliott G Maguire M Marshall J Carberry W Clarke A Passmore P Lyle (Resigned 19 June 2022) Company secretary A Brown Auditor Finègan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN Bankers Ulster Bank Limited Arches Retail Park Belfast BT5 4AF Dankse Bank Forestside Shopping Centre Upper Galwally Belfast BT8 6FX Solicitors Elliott Duffy Garrett 40 Linenhall Street Belfast BT2 8BA Cleaver Fulton Rankin 50 Bedford Street Belfast BT2 7FW
Disability Action (Nl) Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Dlrectorfs Report) (continu Year ended 31 March 2023 Structure. governance and management Disability Action (Nll is a company limited by guarantee and a registered charity. The organisation is governed by up to 12 trust88s who ar8 nominated by member groups and elected by postal ballot at the AGM, if required. One third of th& trustees retire each year on a rotational basis. Recrultlng and Appointing Trustees Trustees are recruit8d through an annual election process to conform to the M8morandum and Articles of Association. In the charity's case a postal ballot is undertak8n with its 100 member organisations. Newly appointed trustees under90 an induction process and receive an induction pack. Trustees are also appointed to sub committees which best match their skills and are supported by the ral8vant senior staff member. The board meets bi-monthly with sub-committees meeting in alternate months. The company's standing sub-committee structure compris8s a Human Resourc8s Sub-committee and a Finance, Strategy & Audit Sub-committee. Each standing sub-committe8 also includes co-opted members who are proposed and agreed by the main board. The work of all sub-committees is presented to the board for its approval and tha board refers issues to specific sub-committe8s. All trustees serv8 on at least one sub-committee. Disability Action {Nll is a member of a numb8r of nelwork organisations e.g. NICVA and Childr8n Nl and has strong relationships with the private sector e.g. Northern Ireland Chamber of Commerce and Industry and publ IG sector groupings. Risk Management Statement Significant risks to funding hav8 led to the development of a strategic plan which allows for the diversification of charitable activities. In addition, corporate risk is managed by ensuring that appropriate insurance Gover is in place, adhering to rigorous internal financial controls, implementation of an annual budgetary process and the operation of a staff appraisal scheme. Management and Remuneration The Board of Trustees delegates the daily operation of the charity to the Senior Management team which is headed by the Chief Executive Officer. Remuneration of key management P8rsonnel is set by the Board based on appraisal of industry benchmarks.
Disability Action {Nl) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 Objectlves and activities Disability Action's Strategic plan for 2022 - 26 sets out a vision of a truly inclusive society wh8r8 our mission is to support Human Rights for All. Our S k8y Strategic principles are to: Advocate for human rights for all Change attitudes to enhanc8 social inclusion and independence Support through skllls and employment Educate to 8mpower through training Be a sustainable organisation In order to fulfil these priorities Disability Action {Nl} will continue to work with and for Disabled people and their representative organisations throughout North8rn Ireland. Key activities include the provision of information and advice services. 8mployment and vocational training programmes, transport services, research, training and equality work, ¢ommunity development, mobility assessments and lessons, and a human rights programme. The charity represenls people regardless of their disabilty. whether that is a physical, mental health, sensory, hidden or learning disability. Achievements and performance Set against a backdrop of political instability, European funding ending and potentlal budget cuts the financial year to 31st March 2023 has been difficult. ESF funding ended and we wer& successful in a joint bid to the UKSPF to continu8 SUPPQrting disabled people into employment, which secured the jobs of Disability Action stsff. The new DSS (disability specialist support) contract under Dept for Economy's Skills for Work and Life programme has been building slowly wilh great results. Disability Action piloted a Mental Health Couns811ing programme through funding from the Community Foundation, giving disabled p80ple direct aCsS to counselling provision. This has prov8d very successful, and we will continue to d&v8lop mental health provision across all our contracts. Coming out of 2 years with COVID restrictions has proved slow progres5 Wlth both DATS (Disability Action Transport Scheme) and Mobility Centre assessment seeing slow increase in numbers. DATS r8cÈived their first electric bus provided by the Dept for Infrastructure. which will be monitored for effectiveness within the service. February 2023 brought the end to our ONSIDE project. ONSIDE was a cross-border project funded by th8 European Union's INTERREG VA Programme and managed by th8 Special European Union Programme Body. Disabilily Action was lead partner, working alongside Independent Living Movement Ireland, the Northem Ireland Housing Executive and Supporting Communities. The ethos of the project was to enable and empower disabled people to take control of their social connections and become active in their local and online communities. 2500 people took part in the programme where we distributed 2410 tablets and 963 other pieces of equipment to assist with acSsibl11ty. 990/) of participants said they would recommend ONSIDE to others.
Disability Action (Nl) Company Limited by Guarantee Trustees. Annual Report (I ncorporating the Director's Report) (contlnued) Year ended 31 March 2023 Financial review Net expenditure for the year ended 31 March 2023 was (£144,309). The organisalion uses the following key financial performance indicator (KFPI) to monitor financial performance 'Net income before capital grants and depreciation and impairment chaiges,. The KFPI of1£93,984). The charivs main source of income continues to be from services delivered under government contract. The main category of expenditure is staff dedicated to our object8 of working with disabled people and such costs represent 54 /0 of revenues (2022 - 46.2°1.). Depreciation is not charged on buildings on the grounds that the charge would be immaterial, due to the residual value of the buildings being in excess of their carrying amount. The rationale for this is to provide a fair presentation of the results and financial position of the cornpany. The trustees are of the opinion that the value of the fixed assets is not less than their net book value. The board is aware of the impact of funding cuts over the past few years on the unrestricted cash reserv8s of the organisation. Measures were put in place in 2020 in order to replenish and rebuild unrestricted cash res8rves to the level of £250.000 over the next three years. These continue you be monitored. Th8 Northern Ireland Charities Pension Scheme (NICPS) is a multi-employer final salary scheme which was closad in 2009. Thera are currently 444 scheme m8mbers and 11 actively participating scheme employers. The ov8rall scheme deficit identified by the September 2022 actuarial valuation was £3.2mil. Plans for future periods We are committed to working diligently to achieve a financial surplus In 2023124 and the fLrture of the organisation. During th8 year several k8y contracts ware renewed and we wer8 also su¢cassful in our tender for the Department of Economy Disability Support Services contract. We continue to adapt to the challenges brought to the our staff members with Covid-19 and the Cost of Living crisis and continue to ensure the safety and wellbeing of all staff and participants. Trustees. responsibilities statement The trustees, who are also directors for the purposes of company law, are rèsponsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PractlGe}. 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 Ihe charitable company and the incoming reSoUrS and application of resources, including the income and expenditure. for that period.
Disability Action (Nl) Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) (conllntmd) Year ended 31 March 2023 In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP- make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the chartty's transactions and dlsclose with reasonable accuracy at any time the financial position of the charFty and enable them to ensure that the financial stat8m8nts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularilies. Auditor Each of the persons who is a trustee at the date of approval of this report confimis that: so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware. and th8y have taken all steps that they ought to have tak8n as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. Small company provlslons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 27 March 2024 and signed on behalf of the board of trustees by- P Bray Trustee Douglas Trustee
Disability Action {Nl) Company Limited by Guarantee Independent Auditor's Report to the Members of Disabllity Action (Nl) Year ended 31 March 2023 Opinion We have audited the financial statements of Disability Action (Nl) (the 'charity'l for the year ended 31 March 2023 which comprise the statement of financial activities (including income and 8xpenditure account), statement of financial position, statement of cash flows and the related notes. including a summary of significant accounting policies. The financial reporting frarnework that has been applied in th8ir preparation is applicable law and United Kingdom Accounting Standard5, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements- give a trua and fair view of the state of the charity's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and 8xpenditur8, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounling Practice,. have baen prepared in accordanc8 with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditofs responsibilities for tha audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audlt 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 believ8 that the audit evid8nce 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 trustees, us8 of the going conc8m basis of accounting in the preparation of the financial ststements 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 charitls ability to Continue as a going concem for a period of at least twelve months from when the financial statements a authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Disability Action (Nl) Company Limited by Guarantee Independent Auditor's Report to the Members of Disability Action (Nl) (contlnu Year ended 31 March 2023 Other infomiation The other information comprisès the information included in the annual report. other than the financial statements and our auditor's report th&reon. The trustees are responsibl8 for th8 Other information. Our opinion on the financial statements do&s not cover the other information and, 8xc8pt to the extent otherwise expliciuy stated in our r8POrt, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information 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 or apparent material misstatements, we are required to detemiine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinlons on other matters prescribed by the Companies Act 2006 In our opinion. bas8d on the work undertaken in the course of the audit: the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements: and the trustees, report has been prepared in accordance wtth applicable legal requirèments. Matters on which we are required to report by exception In the light of th8 knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misststements in the trustees, report. We have nothing to report in respect of th8 following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us: or the financial stat8ments are not in agr&èment with the accounting r&cords and returns- or certain disclosures of trustees, remunaration specified by law are not made. or we have not received all the infomiation and explanations we requira for our audit,. or the trustees were not entitled to prepar8 the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the director5. report and from the requirement to prepare a strategic report.
Disability Action {Nl) Company Limited by Guarantee Independent Auditor's Report to the Members of Disabllity Action (Nl) (continued) Year ended 31 March 2023 Rosponslbilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for the purposes of company lawl are responsible for th8 preparation of the financial statements and for being satisf18d that th8y give a true and fair view, and for such intemal control as the truste8s determine is necessary to enable the preparation of financial stat8ments that are free from material misstatement, wh8ther due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conrn basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternatlve but to do so.
Disability Action (Nl) Company Limited by Guarantee Independent Auditor's Report to the Members of Disability Action (Nl) {¢ontinu•d) Year ended 31 March 2023 Auditorfs responsiblllties for the audit of the financial statements 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 auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance wtth ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line wtth our responsibilities, outlined above, to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures a capable of delecting irregularities. including fraud is detailed below-. In idenlifying and assessing risks of material misststement in respect of irregularitie5. including fraud and non-compliance with laws and regulations, we considered the following.. the nature of the industry and sector. control environment and business performance including the design of the remuneration policies, key drivers for directors. remuneration, bonus leve15 and perfonnan¢e targets. results of our enquiries of management about their own identification and assessment of the risks of irregularities., any matters we Identified having obtained and review8d documentation of their policies and procedures relating to: identifying, 8valuating and complying with laws and regulations and whether management were aware of any instanc8s of non-complianc&', detecting and SpOnding to the risks of fraud and whether management have knowledg8 of any actual, suspected or alleged fraud- the intemal controls established to mitigate risks of fraud or non-compliance with laws and regulations. the matters discussed among the audit engagement team including significant component audit teams and relevant internal specialists, including tax and valuations specialists regarding how and whera fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered the opportunities and inntiveS that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAS (UK). we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks in operation, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial ststements. The key laws and regulations we considered in this context included ongoing compliance with the UK Companies Act and tax legislation. In addition. we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental for their ability to operate or to avoid a material penalty.
Disability Action {Nl) Company Limited by Guarantee Independent Auditor's Report to the Members of Dlsability Action (Nl) (Gontinugd) Year ended 31 March 2023 As part of an audit in accordanc8 with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit proc8dures responsive to those risks, and obtain audit evidenca that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involva collusion, forgery, intentional omissions, misrepresentations, or th8 override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the eff8ctiveness of th8 internal control. Evaluate ihe appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on th8 audlt evidence obtain8d, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Gharity's ability to continue as a going concern. If we conclude that a material uncertainty exists. we are required to draw attention in our auditor's report to the related disc105ures in the fir7ancial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presantation, structure and content of the financial statements, including the disclosures, and whether the financial stataments represant the underlying transactions and events in a mann8r that achieves fair presentation. We communicale with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 10
Disability Action {Nl) Company Limited by Guarantee Independent Auditor's Report to the Members of Disabillty Actlon (Nl) {¢ontlnued) Year ended 31 March 2023 Respective responsibilities of directors and auditor As explained more fully in the Directors, Responsibilities Statement, the directors are responsible for the preparation of the financial stalements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK). Those standards require us to comply with the Financial Reporting Council's (FRC'S) Ethical Standard for Auditors,. in the circumstances set out in note 32 to the financial statements. Use of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity'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 permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charty'5 members as a body, for our audit work. for this report. or for the opinions we have formed. Paul Dolan FCA (Senior Statutory Auditor) For and on behalf of Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN 27 March 2024 11
Disability Action (Nl) Company Limited by Guarantee ststement of Financial Actlvities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Nots Income and endowrnents Donations and legacies Charitable activities Other trading activit18S Investment income other income 111.639 1,099,767 12,030 12 3,500 111,639 6,335,434 12,030 12 3,500 6,462,615 34,237 5,855,675 633 12 12,184 5,235,667 Total Income 1,226,948 5,235,667 5,902.741 Expenditure Expenditur8 on charitab18 activities Total expenditure 10,11 1,172,152 5,425,850 6,597,802 6,597,802 6.096,131 1,172,152 5,425,650 6,096.131 Net expenditure 54,796 (189,9831 (135.187) 1193,390) Transfers beeen funds (15,284) 15,284 Nét movement In fund5 39,512 (174,699> {135,187) (193.390) Reconciliation of funds Totsl funds brought forward Total funds carrled forward 288,595 324,699 613,294 806,684 328,107 150,000 478.107 613.294 The statement of financial a¢tivitias includes all galns and losses recognlsed in the yaar. All income and expenditure d8rive from continuing activities. The notos on pages 15 to 35 form part of theso flnancial ststement8. 12
Disability Action {Nl) Company Limited by Guarantee Statement of Financlal Position 31 March 2023 2023 2022 Note Fixed assets Tangible fixed assets Investments 17 1.043,313 18 251 1.071,216 251 1,043,564 1,071.467 Current assets Debtors Cash at bank and in hand 19 970,848 63,245 1.007,509 66,064 1,034,093 1.073.573 Creditors: amounts falling due within one year Net curnt liabilitie5 21 1,335,391 1.240,879 301,298 167.306 Total assets less current liabllltles 742,266 904.161 Creditors: amounts falling due after moro than one year 22 62,003 Provisions 24 202,156 290.867 Net assets 478,107 613,294 Funds of the charlty Restricted funds Unrestricted funds 150,000 328,107 324,699 288.595 Total charity funds 26 478,107 613.294 These financial statements have been pr6par8d in accordance with the provisions applicable to companies subject to th8 small companies, regim8. These financial stataments were approved by the board of trustees and authoris8d for issuè on 27 March 2024, and are signed on behalf of the board by: P Bray Trustee M Douglas Trustee Th• notos on pages 15 to 35 forni part of those flnancial statements. 13
Disability Action (Nl) Company Limited by Guarantee ststement of Cash Flows Year ended 31 March 2023 2023 2022 Nole Cash flows from operating activlties Net expenditure 1135,187) 1193,390) Adjustments for.. Depreciation of tangible fixed assets Other interest receivable and similar income Gains on disposal of tangible fixed assets A¢cru8d expensesl{income) 50,325 (12) (3,500) 105,621 84.576 (12) (29,609) Changes in.. Trade and other debtors Trade and other creditors Provisions and employ8e benefits Cash generated from operations 145,737) 161,122 (88,711) 43,921 42.682 (197.082) (292,835) Interest reiVed 12 12 Net cash froml(used in) operating activities 43,933 (292,823) Cash flows from Investing actlvltios Purchase of tangible assets Proc88ds from sale of tangible assats Net cash used in investing activities (22,422) {179.933) (228) 122,422) (180.161) Net in¢reasel(decrea$el In cash and cash equivalents Cash and cash equlvalents at beglnning of year Cash and cash equlva18nts at end of year 21,511 {374.343) 1352,832) 1472,984) 98,641 (374,343) 20 The notes on pages 15 to 35 form part of these finanGlal statements. 14
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is Portside Business Park, 189 Airport Road West, Belfast, BT3 9ED. statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 1021) and the Companies AGt 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical Gost basis, as modffied by the revalualion of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. Tha financial statements are prepared in st8rling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the ¢harity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of th8 financial ststements requires management to make judgements, éstimates and assumptions that affect th8 amounts reported. These estimates and judgements are continually reviewed and are based on experiénc8 and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Signlflcant judgements There are no significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements. Key sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year ar8 as follows.. Management estimale an appropriate discount rate for present value calculations in measuring th8 pension liability recognised in the Statem8nt of Financial Position 15
Disability Action {Nl) Company Limited by Guarantee Notes to the Financial Statements (continu•d) Year ended 31 March 2023 Accounting policies (contlnuarl) Foreign currencles Foreign currency transactions are initially recorded in the fijnctional currency, by applying the spot exchange rate as at the dale of the transaction. Monetary assets and liabilities denominated in foreign currencias ar8 translated at the exchange rate ruling at th8 reporting date. with any gains orlosses being taken to the statement of financial activitie5. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustee5 for particular future project or commitment. Restricted funds are subjected to restrictions on their 8xpenditure d8clared by the donor or through the terms of an appeal. and fall into one of sub-classas.. restricted income fLSnds or endowment funds. Incoming re$ourc8s All incoming resources are included in the statement of financial activities when entitlement has passed to th8 charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. Th8 following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognlsed when receipt Is probable and entitlement 15 established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the valu8 is derived from the cost to the donor or the estimated resale value. Donated facilities and Services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of serVIS is recognised with the delivery of the contracted service. This is classified as unreslricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent. in which case it may be regarded as restricted. 16
Disability Action (Nl) Company Limited by Guarantee Notes to the Flnancial Statements (contlnuèd) Year ended 31 March 2023 Accountlng pollcies (contInu) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates- expenditure on raising funds includes the costs of all fundraising activities. events. non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contrlbute to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently statad at cost less any accumulated depreciation and impairment losses. Any tangible assets carri8d at r8valued amounts are recorded at the fair value at the date of revaluation less any subsequ8nt accumulated daprgciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within Ihe statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses. except to which it offsets any previous revaluation gain. in which case the105s is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value. over the useful economic lrfe of that asset as follows= Long leasehold propety Motor vehicles Equipment 200/0 Straight line 15Yo - 20. straight line Investments Unlisted equity investments are initially recorded al cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. 17
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Accounting policies (¢ontinu*d) Investments fGontinuedJ Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Investments in associates Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaGtion price. At each reporting date, the investments are measured at fair value, with changes in fair valu8 taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort. the cost model will be adopted. Dividends and other distributions r8ceived from the investment a racognised as income without r8gard to whether the distributions are from accumulated profits of the associate arising beforè or after the date of acquisition. Investments In lolnt v8ntur8s Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated Impairment Ioss8S. Investments in jointly controlled entities accounted for In accordance with the fair value model are initially recorded at the transaction prlce. At each reporting date, the investments are measured at fair value, with chang8s in fair value taken through Incoma or 8xpenditure. Where it is impracticable to measure fair value reliably without undue cost or effort. the c051 model will b8 adopted. Dividends and other distributions received from the inveslment are recognised as income without regard to whether the distrlbutlons ara from accumulated profits of the jolnt Venture arising before or after tha date of acquisition. Impaimient of fixed assels A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each raporting dat8. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generatlng unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that in¢lud8S the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. 18
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements fcontinuod) Year ended 31 March 2023 Accounting policies {continu•rl) Impairment of flxod assets (cc>ntinued) For impaimient testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the syn8rgi8s of the combination, irr8spective of whether other assets or liabilitias of the charity are assigned to those units. Provlslons Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic banefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the stat8mant of financial position and the amount of the provision as an 8XP8nse. Provisions are initially measured at the best estimate of the amount required to setde the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts pr8viously racognised are recognis8d in income or expenditure unless the provision was originally recognis8d as part of the cost of an asset. Wh8n a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in the statament of financial activities in the period it arises, and is allocated to the appropriate expenditure heading. Financial instruments A financial assat or a financial liability is re¢ognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at th8 cash or other consideration expected to be paid or received and not discounted. Debt instruments ar8 subsequently measur8d at amoriised cost. Where investments in shares are publicly traded or their fair value can otherwise be measur8d reliably, th8 investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments ara subsequently measured at cost less impairmenl. Other financial instruments, including derivatives, ar8 initially recognised at fair value. unless payment for an asset is def8rr8d beyond normal business terms or financed at a rate of interest thal is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair valu8, Wlth any changes recognised in the statement of financial activities, with th8 8xception of hedging instrum8nts in a designat8d hedging relationship. 19
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements (¢ondnu•d) Year ended 31 March 2023 Accounting policies {contlnued) Flnancial instruments (contlnugd) Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is r8cognised under the appropriate heading in the statement of financial activities in which th8 initial gain was recognised. For all equity instruments regardless of significance, and oth8r financial assets that are individually significant, these are assessed individually for impairm8nt. Other financial assèts are either assessed individually or grouped on the basis of similar credit risk characterislics. Any reversals of impairment are recognised immediately. to the extent that the raversal does not result In a carrying amount of the financial asset that exceeds what the carrying amount would have b88n had the impairment not previously been recognised. Defined contribution plans Contributions to defined Contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the ext8nt that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expècted to be settled wholly within 12 months of the ènd of the reporting date in which the employees render the related service, the liability is measured on 8 discounted present value basis. The unwinding of the discount is r8cognised as an expense in the period in which it arises. Employee benefits Employee benefits ar8 recognised as an expense when employees become entitled as a result of service render8d during the reporting period. Termination benefits are recognised as an expense in inGoma or expenditure immadiately. Termination banafits are recognised as a liability and expans8 only wh8n the company is demonstrably committed either to terminate the employm8nt of an 8mployee or group of employees before the normal retirement date or to provide termination benefits as a result of an offer made in ordér to encourage voluntary redundancy. Termination benefits are maasured at the best estimate of the expenditur8 that would be required lo settle th8 obligation at tha r8porting date. In the case of an offer made to encourage voluntary redundancy, measurement is based on the number of employees expected to accept the offer. When termination benefits are due more than 12 months after th8 end of the reporting period, they shall be measured at their discounted present value. 20
Disability Action (N l) Company Limited by Guarantee Notes to the Flnanclal Statements (contlnu8dJ Year ended 31 March 2023 Limited by guarantee Every member of the charitable company undertakes to contribute to the assets of the charitable company, in the event of Ihe same being wound up while it is a member, or within one year after it ceases to be a member, for payment of the debts and liabilities of the charitable company contracted before it ceases to be a member. and of the costs. charges and expenses of winding up. and for the adjustment of the rights of the contributories among Ihemselves, such amount as may be required not exceeding £1. Donations and legacies Unrestricted Total Fund5 Unrestricted Total Funds Funds 2023 Funds 2022 Donations Donations Victoria Housing 2.979 2.979 4,237 30,000 4.237 30,000 Legacles Legacies 108,660 108,660 111,639 111,639 34,237 34,237 21
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements Icontinued) Year ended 31 March 2023 Charttable activities Unrestricted Funds Restricted Total Funds Funds 2023 Department of Health - core grant Department of Infrastructure (DATS) NH&SCT SH&SCT (Advocacy) WH&SCT (AdvocaGy> Housing Executive Department for Communities (Job Match) Department for Communities (Peer Advocacy) IMTAC Mobility Centre lessons Mobility Exhibition assessments Fares Income other Income CFNI Mental Health Fund DSS Arts Council Nl Workable Nl Training for Succéss Equality Commission Nl Onside NET Project Jobstart Departm8nt for Infrastructure - Capital Grant Covid Recovery Grant 123,864 2,125.942 65,160 227,897 123,864 2.125,942 65,160 227.897 20,000 469,664 23,598 35,876 20,000 469,664 23,598 35,876 11.534 244,840 56,146 297 100,000 696,931 10.000 609,475 11,534 244,840 56,146 297 100.000 696,931 10,000 463,310 146,165 1,402.174 29,050 4,192 78,794 1,402,174 29,050 4,192 78.794 1,099.767 5,235,667 6.335,434 22
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements (contlnu86) Year ended 31 March 2023 Charitable activities (conbnued) Unrestricted Funds Restricted Total Funds Funds 2022 Department of Health - core grant Department of Infrastructure (DATS) NH&SCT SH&SCT (Advocacy) WH&SCT (Advocacy) Housing Executive Department for Communities (Job Match} Departm8nt for Communities (Peer Advocacy) IMTAC Mobility Centre lessons Mobility Exhibttion assessments Fares Income Other Income CFNI Mental Health Fund DSS Arts Council Nl Workable Nl Training for Success Equality Commission Nl Onside NET Project Jobstart Department for Infrastructure - Capital Grant Covid Recovery Grant 123,864 2,125,942 53,981 146,500 26,209 20,000 468,564 52.563 35.133 123.864 2.125,942 53.981 146,500 26,209 20,000 468,564 52.563 35.133 6,181 278,635 42,227 11,500 6,181 278,635 42,227 11,500 656.680 351.484 658,680 351,484 20,625 989,958 302,598 21,223 48,101 73,709 5,855,675 20,625 989,958 302.596 21.223 48.101 73,709 1,378,189 4,477,486 Other tradlng activities Unrestricted Total Funds Unrestricted Totsl Funds Funds 2023 Funds 2022 Training & Seminars Consultancy income Rental Income 3,315 2,115 6.600 3,315 2,115 6,600 400 400 233 233 12.030 12.030 633 633 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 12 12 12 12 23
Disability Action {Nl) Company Limited by Guarantee Notes to the Financial Statements (contlnu8dJ Year ended 31 March 2023 Other income Unr8stricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Gain on disposal of tangible fixed assets held for charity's own use Coronavirus Job Retention Scheme 3,500 3.500 3,728 8,456 12,184 3,728 8.456 3,500 3,500 12,184 10. Expenditure on charitable actlvltles by fund type Unrestrict8d Funds Restricted Total Funds Funds 2023 Infomiation and advice services Policy and research Transport and mobility services Training and employment support sgrvic8S Support costs 279,325 74,243 90,601 130,300 597.683 401,531 1,246,901 1,893,372 1,136,779 747,067 680.856 1.321,144 1.983,973 1.267,079 1,344,750 1.172,152 5,425,650 6.597,802 un$tcted Funds Restricted Total Funds Funds 2022 Information and advice services Policy and research Transport and mobility servlces Trainlng and employment support services Support costs 22,796 38,544 174,136 908.023 418.728 350,545 1,293,803 1,844,813 431,366 613,377 373,341 1,332,347 2,018,949 1,339,389 1.032,105 1,562.227 4,533,904 6,096,131 11. Expenditure on charitable activities by actlvlty type Actlvities undertakan directly Support costs Total funds 2023 Total fund 2022 Informalion and advice s8rvic8s Policy and research Transport and mobility services Training and employment support services Governance costs 680,856 1,321,144 1,983,973 505,001 92,041 280.739 1.185,857 1.413,185 2,264,712 406,947 1.449,612 2.429,274 1,267,079 392,523 74,446 1,659.602 74,446 1.708.873 101.425 5,253,052 1.344,750 6,597,802 6.096,131 24
)00 (YQSP-O ¢Nptkn•*CD MID I Q)CD¢ 00) coi lo £ I U Iij c o) u) 00) I ooa> 0¢0 ¢3J a) a)1(¥s>
Disability Action (Nl) Company Limited by Guarantee Notes to the Financlal Statements (continu8d) Year ended 31 March 2023 13. Net expenditure Net expenditure is stated after chargingl(crediting): 2023 2022 Depreciation of tangible fixed assets Gains on disposal of tangible fixed assets Foreign exchange differences 50,325 (3.500) 16,150 84.576 (3,728) 16.150 14. Auditors remuneration 2023 2022 Fees payable for the audit of the financial statements 15,173 14,450 15. staff Costs The total staff costs and employe8 benefits for th8 r8POrting period ar8 analysed as follows- 2023 2022 Wages and salaries Social security costs Employer contributions to pension plans Other employee benefits 2,932.479 265,855 204,934 48,024 2.802.836 243.998 165,049 27,775 3,451,292 3.239,658 The average head count of employees during the year was 129 (2022.. 101). The average number of full-time equivalent employees during the year is analysed as follows.. 2023 2022 Number of training support staff Number of adminislrative and finance staff Number of senior management staff Number of other staff Number of driving staff 56 31 10 15 21 34 19 37 129 101 No employee received employee benefits of more than £60,000 during the year (2022- Nil)- Key Managèment Personnel Key management personnel include all persons that have authority and responsibility for planning. directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £191,36112022:£165,006). 26
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements (eontlnuéd) Year ended 31 March 2023 16. Trustee remuneration and expenses No trustee received any remuneration during the year (2022.. £Nil). No trustees reiVed expenses during the year (2022= £Nil) 17. Tangible fixed assets Long leasehold propety Motor vehicles Equipment Total Cost At 1 April 2022 Additions Disposa15 At 31 March 2023 1.380,893 7,558 337,065 7,300 {8,4881 335,877 510,602 7,564 2,228.560 22.422 (8.488) 2.242.494 1,388,451 518,166 Depreciation At 1 April 2022 Charge for the year Disposals At 31 March 2023 505.893 253.106 23.977 (8,4881 268,595 398,345 26.348 1.157.344 50.325 (8,488) 1,199,181 505,893 424,693 Carrylng amount At 31 March 2023 882,558 67,282 93,473 1,043,313 At 31 March 2022 875.000 83,959 112,257 1.071,216 18. Investments other investments Cost or valuation At 1 April 2022 Additions 251 At 31 March 2023 251 Impainnent At 1 April 2022 and 31 March 2023 Carrying amount At 31 March 2023 251 At 31 March 2022 251 All investments shown above are held at valuation. 27
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements {contints•d) Year ended 31 March 2023 18. Investments fcontinugd) These investments relate to the holding of 250 ordinary £1 share5 in the Ulster Community Investment Trust Limited and one ordinary £1 share in Disability Action Tradeable Services Limited, which represents 100 /0 of its issued share capital. Disability Action INI} considers that Disability Action (Nl) Employment and Training, a charity and a company limited by guarantee, is a wholly owned subsidiary. 19. Debtors 2023 2022 Trade debtors Amounts owed by group undertakings Prepayments and accrued income 259.696 119,694 591,458 194.969 132.558 679,982 970,848 1,007,509 20. Cash and cash equlvalents Cash and cash equivalants comprise th& following-. 2023 2022 Cash at bank and in hand Bank overdrafts 63,245 66,064 (416,077) (440,407) (352,832) (374,3431 21. Creditors: amounts falling due withln one year 2023 2022 Bank loans and overdrafts Trade creditors Accruals and deferred income Social security and other taxes Pension contributions due Sundry creditors TPT Pension - ST 416,077 258.205 326,180 216,510 49,440 1,508 67,471 440,407 228.989 321.960 230,876 17,190 1,457 1,335,391 1,240,879 22. Creditors- amounts falling due after more than one year 2023 2022 TPT Pension - LT 62,003 28
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 23. Deferd Income 2023 2022 At 1 April 2022 Amount released to income Amount deferred in year At 31 March 2023 261,135 643,613 {261,135) (643,613) 242,132 261,135 242,132 261.135 24. Provisions Pensions and similar obligations At 1 April 2022 Unwinding of discount Changes in assumption Other movements 290.867 8.753 (23,512) (73,952) 202.156 At 31 March 2023 29
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements (eontlnu8dJ Year ended 31 March 2023 2S. Pensions and other post retirement benefits The company participates in the scheme, a multiomployer scheme which provides benèfits to some 11 non-associated employers. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme. The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK. Th8 scheme is classified as a 'last-man standing arrang8ment'. Therefore tha company is potentially liable for other participating employers. obligations if those employers are unable to meet their shatE of the scheme deficit following withdrawal from the scheme. Participating employers are18gally required to meet their share of the sch8me deficit on an annuity purchase basis on withdrawal from the scheme. A full actuadal valuation for the scheme was carried OLrt at 30 Septemb8r 2022. This valuation showed ass8ts of £22.8m. liabilities of £26.Om and a deficit of £3.2m. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme as follows: From August 2020 to 29 February 2028- £1,280,605 in total (payable monthly) The recovery plan contributions are allocated to each participating employer in line with their estimated shar8 of the scheme liabilities. Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosurès. The unwinding of the discount rate is recognised as a financ8 Cost. PRESENT VALUE OF PROVISION 31 March 2023 31 March 2022 31 March 2021 Present value of provision 202,156 254,731 309,523 RECONCILIA TION OF OPENING AND CLOSING PROVISIONS Period ending Period ending 31 March 2023 31 March 2022 Provision at start of period Unwinding of the disGount factor (interest expense) Deficit contribution paid Remeasurements - impact of any change in assumptions Provision at and of period 254,731 5,881 (46,304) 309.523 2.872 (46.304} {12,1521 202,156 (11,360) 254,731 30
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements (eofttlnued) Year ended 31 March 2023 INCOME AND EXPENDITURE IMPACT Period ending Period ending 31 March 2023 31 March 2022 (£s} (£s) Interest expense Remeasurements- impact of any changes in assumptions 5,881 2.872 (12,152) (11.360) 'includes defined contribution schemes and future service contributions li.e. excluding any deficit reduction payments) lo defined benefit schemes which are treated as defined contribution schemes. To be completed by the Gompany. ASSUMPTIONS 31 March 2023 0/0 per annum 5.35 31 March 2022 /0 per annum 2.56 31 March 2021 /0 per annum 1.01 Rate of discount The discount rates shown abov8 are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield Curve to discount the same recovery plan Contributions. 26. Analysis of charitable funds Unrestricted funds At
1 March 202 At 1 April 2022 Income Expenditure Transfers General funds 288,595 1,226.948 11,172,152) 115,284) 328,107 At 31 March 202 At 1 April 2021 Income Expenditure Transfers General funds 426,194 1.425.255 (1,562,227) (627) 288.595 Restricted funds At 31 March 202 At 1 April 2022 Income Expenditure Transfers Department of Health - Core Grant Department of Infrastructure - DATS Fares Income NHSCT SHSCT WHSCT 61.644 192.557 (162,165) (92.036) 44,818 2,125,942 12,312,221) 56,146 156,146) 65,160 (72,730) 207.906 (225,612) 19.991 (24.936) 141,461 7,570 17,706 4,945 31
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 26. Analysls of charitable funds (c¢tInued) Housing Executive Department for Communities - Jobmatch Department for Comfflunities- Peer Advocacy IMTAC DRILL SEUPB- ONSIDE NET Equality Commission Department for Communities - Jobstart Department of Infrastructure - Capitsl Grant Atlantic Philanthropies CFNI Mental Health Arts Council Nl Workable Nl 20,000 20,000 (40,000) 469,664 (528.637) 58.973 5.878 23,598 35,876 (23.607) (35.876) 15.869) 20.144 120,144) (21,801) (50,349) {916) 1.333,481 (1,311,680) 29.050 21,299 916 4.192 {4.192) 78,794 (100,794) 22,000 150.000 150,000 100,000 10,000 463,310 (97,936) (10,000) (463,3101 5,235,667 (5,425,650) (2,064) 324,699 15,284 150,000 At 31 March 202 At 1 April 2021 Income Expenditure Transfers Department of Health- Core Grant Department of Infrastructure - DATS Fares Income NHSCT SHSCT WHSCT Housing Executive Department for Communities- Jobmatch Department for Communities- Peer Advocacy IMTAC DRILL 55.105 123.864 (117,325) 61.644 119,385 2,125,942 (2,200,509) 42,227 (42,2271 53,981 (53,981) 146,500 (146.5001 26,209 (26,209) 20,000 44,818 20.000 468,564 (468,564) 52.563 35,133 (46,685) (35,133) (35,856) 5.878 56,000 20.144 32
Disability Action {Nl) Company Limited by Guarantee Notes to the Financial Statements (conllnu8d) Year ended 31 March 2023 26. Analysis of charitable funds (cgntinued) SEUP8- ONSIDE NET Equality Commission Department for Communities - Jobstart Department of Infrastructure - Capital Grant Atlantic Philanthropies CFNI Mental Health Arts Council Nl Workable Nl 989,958 302,596 20,625 (989,9581 (281 ,2971 {19,709) 21,299 916 21.223 121,223) 48.101 (48,728) 627 150,000 150,000 380,490 4,477,486 (4,533,904) 627 324.699 Transfers have taken place in the year which relate to income received in relation to services delivered, as all conditions have been met and services have been delivered during the year, the remaining balance has been transferred to unrestricted reserves. Further transfers have taken place to correct expenditure previously being recognised within unrestricted funds, th&se balances have bean fully spent Funds have been transferred from unrestricted to restricted funds during the year due to the operational deficits on multiple projects, these project deficits continue to run but are supported by unrestricted funding. 27. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year Provisions 1.043,313 1,043.313 251 251 641,961 392.132 1,034,093 (1,093,259) (242,132) {1,335.391) (62,0031 (62,003) (202,1561 (202,156} 328,107 478,107 Net assels 150,000 Unrestricted Funds R8Stricted Total Funds Funds 2022 Tangible fixed assets Investrnents Current assets Creditors less than 1 year Creditors greater than 1 year Provisions 924,108 1.071,216 251 251 596,381 477,192 1.073,573 (941.2781 {299,601) (1,240,879) 147,108 (290.8671 288,595 1290,867) 613,294 Net assets 324,699 33
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements {eontlnu8dJ Year ended 31 March 2023 28. Taxation The Company is a registered charity, and as such is entitled to tax exemptions on income and profits in furtherance of the charity's primary objectives. 29. Contingencies A contingent liability exists to repay grants and Trust monies received should certain conditions not be fulfilled by the charity. In the opinion of the Trustees, the terms of the Letter5 of Offers have been, or will be, complied with and no liability is expected. 30. Analysis of changes in net debt At At 1 Apr 2022 Cash flows 31 Mar 2023 Cash at bank and in hand Bank overdrafts 66,064 (440,4071 (374,3431 (2,819) 24,330 63.245 {416,077} (352,832) 21,511 31. Securlty and contingencies The Ulster Bank Limited holds separate inter-company guarantees beeen Disabilty Action (Nl) and Disabillty Action (Nll Employment & Training, and Dlsability Action {Nl) and Disability Action Tradeable Services Limited. It also holds a collateral leasehold first legal charge over propety at Portsid8 Business Park, Alrport Road West. Belfast. As at 31 March 2023, Disability Action (Nl) owed Ulster Bank Limited £416,077 (2022: £440,407) in respect of bank overdrafts.
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements (cltinUed) Year ended 31 March 2023 32. Related parties With Disability Action (Nl) Employment & Training Relationship - Disability Action (Nl) Employment & Training is a wholly owned subsidiary of Disability Aclion INI )- Nature of transactions during the year- 2023 2022 Amounts owed by group undertakings- DAET 69,578 82,442 Outstanding balances are unseGured and interest-free. ith Disability Action Tradeable Services Limited Relationship - Disability Action Tradeable Service5 Limited is a wholly owned subsidiary of Disability Action INI}. Natura of transactions during the y&ar: 2023 2022 Amounts owed by group undertakings - DATS 50,116 50,116 Outstanding balances are unsecured and interest-free. The truste8s of Disability Action (Nl) int8nd to offer ongoing financial support to Disability Action (Nl) Employment & Training, which is considered to b& a subsidiary entity. The financial statemenls of Disability Action (Nl) Employment & Training as at 31 March 2023 show net current liabilities of £123,111 non-current liabilities of £48,273 and a pension provision of £137,194 sulting in total net liabilities of £308,578. 33. Ethical standards In common with many other entities of our size and nature, we use our auditors to assist with the preparation of the financial statements. 45