COMPANY REGISTRATION NUMBER: N1019258 CHARITY REGISTRATION NUMBER: NIC100004 Disability Action (Nl) Company Limited by Guarantee Financial Statements 31 March 2025 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 2025 Page Trustees, annual report (incorporating the directorfs report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) 13 ststement of financial position 14 Statement of cash flows 15 Notes to the financial statements 16
Disability Action (Nl) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2025 The trustees, who are also the directors for th8 purposes of company law, present their r8POrt and the financial statemenls of the charity for the year ended 31 March 2025. Reference and administrative details Registered charity name Disability Action {Nl) Charity registration number NIC100004 Company registration number N1019258 Principal office and registered Portside Business Park office 189 Airport Road West Belfasl BT3 9ED The trustees P Bray M Douglas G Maguire M Marshall J Carberry W Clarke A Passmore P Lyle Company secretary A Brown Audltor Finegan Gibson Ltd Chartèred 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 88A Cleaver Fulton Rankin 50 Be(Iford Street Belfast BT2 7FW
Disability Action (Nl) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnye(l) Year ended 31 March 2025 Structure. governance and managomenl Disability Action (Nl) is a company Ilmltéd by guarantee and a registered charity. The organisation is govemed by up to 12 trustees who are nominated by member groups and e18Ctod by postal ballot at the AGM, if requir8d. One third of the trustees retire each year on a rotational basis. Recruiting andAppointing Trustees Trustees are recruited through an annual élection process to conform to the Memorandum and Articles of Association. In the charity's case a postal ballot is und8rtaken with its 100 member organisations. Newly appointed trustees undergo an induction process and re1ve an induction pack. Trustees are also appointed to sub committees which best match their skills and are supported by Ihe relevant senior stsff member. The board meéts bi-monthly with sub-committees meeting in alternate months. The company's standing sub-cornmittee structure comprises a Human Resources Sub-committee and a Finan. Strategy & Audit Sub-committee. Each standing sub-committee also includes co-opted members who are proposed and agreed by ihe main board. The work of all sub-committees Is presented to the board for tts approval and the board refers issues to specific sub-committees. All trustees serve on at least one sub<ommitt88. Disability Action (Nl) Is a member of a number of netsmork organisations e.g. NICVA and Children Nl and has strong relationships with the private sector e.g. Northern Ireland Chamber of Commerce and Industry and public sector grouplngs. Risk Alanagement Statement Significant risks to funding have led to the development of a strategic plan which allows for the dtversification of charitable activities. In addltion, corporate risk is managed by ensuring that appropriate Snsuranc& cov8r is in place. adhering to rigorous internal financial controls, implementation of an annual budgetary process and the operation of a staff appraisal scheme. Alanagement and Remuneration The Board of Trustees delegates the daily op8ration of the charity to the S8nior Management team which is h8ad8d by the Chief Executive Officer. Remuneration of key management personnel is set by the Board based on appraisal of industry benchmarks.
Disability Action (Nl) Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢OntInd) Year ended 31 March 2025 ObJectlves and activities Disability Aclion's Strateglc plan for 2022 - 26 sets out a vision of a Iruly inclusive socieiy where our mission is to support Human Rights for All. Our 5 key strategic principles are to= Advocate for human rights for all Change attitudes to enhance social indusion and independence Support through skills and èmploymènt Educate to empower through training Be a susiainable organisalion In order to fulfil these priorities Disabilty Action {Nll will continue to work with and for Disabled people and their representative organisations throughout Northem Ireland. Key activities include the provision of information and advlce seNices, employment and vocational training programmés, transport services, research, training and equality work. community development, rnobility assessments and lessons, and a human rights programme. The ¢h8rity represents people regardless of their disability: whether that is a physical, mental heatth, sensory, hidden or learning disability.
Disability Action {Nl) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (contlnuedj Year ended 31 March 2025 Achlevements and performance 2024-25 has been a year of significant policy and advocacy activity for Dlsability Action. We have worked to ensure that the voices of disabled people are heard at the highest levels of government and that policy decisions reflect the lived experiences of disabled people across Northern Ireland. A particular milestone has been our role as cor8 participants in the UK CDvid-19 Inquiry. We presented directly to the Inquiry in London and Belfast, providing evidence on the disproportionate impact of the pandèmic on disabled people. This opportunity enabled us to highlight structural inequalities, policy failures, and the urgent need for rights-based reforms across health, education, housing and social care. We continue to prioritise th8 full implementation of thé UN Conv8nlion on the Rights of Disabled People (UNCRPDI. Our submissions to the Equality Commission and to government consultations underline that disabled people must be directly involved in co-designing policy and services. This principle has guided our contributions to th8 Disability Strategy. whère wa have advocated for a fully resourced implementalion plan with clear accountabilily and measurable outcomes. We have also engaged with the development of the Anti-Poverty Strategy, ensuring that the specific realities of disabled people's poverty and disadvantage are not overtooked. Disabled people in Northern Ireland are twice as likely to live in povety as non-disabled people, and addressing this inequa15ty must remain a cross-departmenlal priority. Disability Action have delivered disabled led poverty interventions. We have continued to campaign for the reinstatement of the Independent Living Fund and for investment in personal assistanc8 and community-based services. Through th8 Disability Housing Forum, we have highlighted the chronic shortage of accessible homes and the urgent need to expand housing adaptations programmes. These measures are vilal in enabling disabled people to remain in their homes, live safely and avoid unnecessary institutionalisation. Alongside housing supply, we remain deeply concerned about th6 abus& and exploitation of disablgd peop18, particularly in relation to insecur8 private r8ntals, unregulated care arrangements, and gaps in safeguarding. We have campaigned for stronger protections and overslght are essenllal to uphold dlsabled people's rights. Transport and accessibility remain critical issues. The Disability Action Transport Service IDATS> provides a lifeline for many disabled people, but persistent funding pressures thr8aten its sustainability. W8 continue to call for stable investment in DATS, alongside broader reform of a¢SSIble public transport and taxi regulation, to prevent exclusion and exploitation. At both national and intemational levels, Disability Action has strengthéned its influence. In addition to our contributions to the Covid-19 Inquiry. we have engaged with government consultations on the Disability Strategy and Anti-Poverty Strategy. Looking ahead to 2025, our priorities are clear. We will campaign for a resourc8d Disablllly Strategy with strong accountability; ensure the Anti-Poverty Stralegy tackles the root causes of poverty and disadvantage faced by disabled people. expand investment in housing adaptations and accessible housing supply., and secure long-term fvnding for programmes lik& Empow8r. We will continue to préss for rights-based reform across social security, mental health and independent living. Above all, we will defend the rlghts of disabled people, ensuring that safety, equality, independenc8 and inclusion remain central to policy in Northem Ireland.
Disability Action {Nl) Company Limited by Guarantee Trustees, Annual Report {Incorporating the Director's Report) {contlnuedJ Year ended 31 March 2025 Flnancial review Net income for the year endad 31 March 2025 was £428.408. The organlsation uses the following key financial performance indicator IKFPI) to monitor financial performance 'Net income before capital grants and depreciation ar7d impairment charges,. The KFPI of £265,453. The charity's main source of income continues to be from services delivgred under govèmm&nt contract. The main category of expenditure is staff dedicated to our objects of working with disabled people and such costs repr8S8nt 60 % of revenues (2024 - 57%). Depreciation Is not chargéd on building5 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 resulls and financial position of the company. The trustees are of the opinion that the valua of the fixed assets is not less than their net book value. The board is aware of the impact of funding outs over the past few years Dn Ihe unrestrictéd cash reserves of the organisation. Thes8 continu8 to b8 monitor8d. The Northem Ireland Charities Pension Scheme (NICPS) is a multi-employer final salary scheme which was c105ed in 2009. There are currently 444 scheme members and 11 actively participatlng scheme employ8rs. Th8 overall 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 2024125 and the future of the organisation. During the year several key contracts were renewed and we were also successful in our tender for the Department of Economy Disability Support Services contract. We continue to adapt to the challeng8s 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, ar8 responsib18 for preparing the trustees, report and the financial statements in accordance wlth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity truste8S to preparè financial statements for each year which give a true and fair view of the stste of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.
Disability Action (Nl) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {contlnuedJ Year ended 31 March 2025 In preparing these financial statements, the trustees are required to= select suitsble 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 presLsme that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable aGcuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking r8asonabl8 Steps for the prevention and detection of fraud and oth8r irr8gulariti8s. Auditor Each of the persons who is a trustee at the date of approval of this report confirms that= so far as they are awar8, thère is no ralevant audit infomiation of which the charity's auditor is unaware., and they have taken all steps that they ought to have taken as a truslee to make themselves aware of any relevant audlt Information and to establish that the charity's audltor is aware of that information. Small company provisions This report has been prepared in accordance with the provisions applicable ta companles entitled to the small companies exemption. The trustees. annual report was approved on 11 November 2025 and signed on behalf of the board of trustees by.. P Bray Trustee M Douglas Trustee
Disability Action (Nl) Company Limited by Guarantse Independent Auditor's Report to the Members of Disability Action (Nl) Year ended 31 March 2025 Opinion We have audited the financial statements of Dlsability Action (Nl} {the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities (including income and expenditure account}, statement of financial position. statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework thal has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 Thè Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting PractlC81. In our opinion the financlal statgments.. give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incoming r8saurces and application of resources, includlng its income and expenditure, for the year then end8d- have bèen properly prepared in accordan with United Kingdom Generally Accepted Accounting PractlC8', have been prepared in accordance with the requirements of the Companies Act 2006. Ba$ls for opinion 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 auditorfs responsibilities for the 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 aur audit of the financial statements in the UK. includlng the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We beli8V8 that th8 audit 8vid8nc8 w8 have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the truste8S' USB of the going concern basis of accounting in th8 preparation of the financial statements is appropriate. Based on the work we hav6 p8rformed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concarn for 8 period of at least Iwelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilitles 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) (oontlnued) Year ended 31 March 2025 Other Infomiation The other infomiation comprises the infomiation included in the annual report, other than the finanoial statements and our auditor's report thereon. The trustees are responsible for tho oth8r information. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly stsled in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responslbility is to read the other information and, in doing so, consider whèther the other informatlon Ss 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 misstaternents, we are required to determine whether thére is a material misstaiement in the financial statements or a Material misstatement of the other informalion. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required lo report that fact. We have nothing to report in this regard. Oplnions on other matters prescribed by the Companies Act 2006 In our opinion, based 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 pr8par8d 15 consistent wtth the financial statements,. and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of thé charity and its environment obtalned in the course of the audit, we have not identified material misststements in the trustees, report. We have nothing to report in respect of the 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 statements are not in agreement with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not rnade,. or we have not received all the information and explanations we require for our audit. or the trustees were not 8nlitlgd to prepare the financial statements in accordanc8 Wlth the small companies regime and take advantage of the small companies, exemptlons in preparing the directors, 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 Disability Action {Nl) (eontinued) Year ended 31 March 2025 Responsibilitles 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 the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 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 IFRC'S) Ethical Standard for Auditors,, in the circumstancés set out in note 35 to the financial ststements. In preparing the financial statements, the trustees are responsible for assessing the charity's abillty to continue as a going concern, disclosing, as applicable, matters related to going concem and using tho going concem basis of accounting unless Ihe trustees either Intend to liquidate the charity or to cease operations, or have no realistic alternative bul to do so.
Disability Action {Nl) Company Limited by Guarantee Independent Auditor's Report to the Members of Disability Action (Nl) fcontinuedj Year ended 31 March 2025 Auditorfs rosponslbilitias for the audit of the financial statements Our objectives are to obtain reasonable assurance aboLrt 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 assuranc8 is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it oxists. Misstatements can arise from fraud or erfor and are considered material if, individually or in the aggregate, they could reasonably be exp&cted to influence the economic dèclsions of users taken on the basis of these financial stat8ments. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. Including fraud is d6tailed below- In identifying and assessing risks of material mi5Statsment in respect of irregularities. 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 levels and perfomiance targets. results of our 8nquiries of management about their own identification and assessment of the risks of irregularities,. any matters we identified having obtained and reviewed documentation of their policies and procedures relating to.. identifying, 8valuating and complying with laws and regulations and whether management were aware of any instsnces of non-compliance; d8t8Cting and responding to the risks of fraud and whether management hav8 knowledge of any actual, suspected or alleged fraud., the Internal 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 intemal specialists, including tsx and valuations specialists regarding how and where fraud might occur in the flnanclal statements and any polentlal Indlcators of fraud. As a result of these procedures, we consid8r8d th8 opportunlties and inc8ntiv8s that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAS (UKI, we are also requlred to pèrform sp6clfic procedurès 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 thosa laws and regulations Ihal had a direct effect on the determination of matérial amounts and disclosures in the financlal statamenls. The key laws and regulatlons we considered in this contexi includ8d 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 lo avoid a materi81 penalty. 10
Disability Action (Nl) Company Limited by Guarantee Independent Auditor's Report to the Members of Disability Action (Nl) (eontinued) Year ended 31 March 2025 As part of an audit in accordance with ISAS (UKI. we exercise prof8ssional judgment and maintain professional $ptICIsM 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 procedures responsive to those risks, and obtain audlt evidence 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 involv8 collusion. forgery, intèntional omissions. misrepresentations, or the override of intemal control. Obtain an understanding of internal control relevant to the audit In order to design audit procedures that ar8 appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the intemal control. Evaluate the appropriateness of accounting policies used and the raasonableness of accounting estimat8s arTrd r81ated disclosures made by the trustees. Condude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to contlnue 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 disclosures in the financial statements or, if such disclosures are inad8quat8, 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 contlnue as a going concem. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with thos8 charged with govémance regardlng, among olher matters, the planned scope and tirning of the audit and significant audil findings, including any significant deficiencies in internal control that we Identlfy dur5ng our audlt. 11
Disability Action (Nl) Company Limited by Guarantee Independent Auditor's Report to the Members of Disability Action (Nl) (¢onflnued) Year ended 31 March 2025 Respective responsibilities of dirtorS and auditor As explained more fully in the Directors, Responsibilities Statement, the directors are responsible for the preparation of the financial ststements 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 35 to the financial statements. Uso of our rèport 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 stste to the charily's members those matters we are required to state to them in an auditorfs report and for no other purpos6. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the chartty and the charity's 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 11 November 2025 12
Disability Action (Nl) Company Limited by Guarantee Statement of FinanGial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restrlcled funds Total funds Total funds 2024 Unrestricted funds Income and endowments Donations and legacies Charitable activities Other trading activltles Investment income Other income 17,459 1.902,953 30.203 658 17,459 6,820,081 30,203 658 4,641 5,815,435 15,655 663 6.438 5,842,832 4,917,128 Totsl income 1,951,273 4,917,128 6,868,401 Expenditure Expenditure on charitable activities Other expenditure Total expendltura 10,11 (1.710.714) {4,728,187) (6,438,901) (5,819,354) 13 {1,092) (1,092) (1,711,806) (4,728,187) 16,439,993) (5.819,354) Net Income and not movgment in funds 239,467 188,941 428,408 23,478 Reconclllation of funds Total fijnds brought forward Total funds carrled forNard 320,526 181,059 501,585 478,107 559,993 370,000 929,993 501,585 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pagas 16to 36 fom) part of these financial statemants. 13
Disability Action (Nl) Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assels Tangible fixed assets Investments 18 1,011,894 19 251 1,044,258 251 1,012,145 1.044.509 Current assets Débtors Cash at bank and In hand 20 681,101 248,932 930,033 582,309 76,000 658,309 Credftors: amounts falllng due wlthln one year Not current asset5 22 1549,259) (680,669) 380,774 {22.360) 1,392,919 1,022.149 Totsl assets less current liabilities Creditors: amounts falling due after more than one year 23 137,954) (60,354) Provisions 25 (424,972) 1460,210) 929,993 501,585 Net assets Funds of the charlty Restricted funds Unrestricted funds 370,000 559,993 929,993 181,059 320,526 Total charity funds 27 501,585 These financlal statements have been prepared In accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 11 November 2025, and are signed on behalf of thé board by: P Bray Trustee M Douglas Trustee The notes on pages 16 to 36 fomi part of these financial statements. 14
Disability Action (Nl) Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Noto Cash flows from operating activitios Net income 428,408 23.478 Adjustments for.. Depreciation of tangible fixed assets Othèr interest rèceivable and similar income Lossl(galns) on disposal of tangible fixed assets Accrued expenses 58,273 1658) 1,092 184,147 58,627 (663) 16,438) 234,075 Ch8nges in.. Trade and other debtors Trade and other creditors Provisions and employee beneflts Cash generated from operations 1279,579) 73,584 (35,238) 430,029 141,008 (451.154) 258,054 256,987 Interest received 658 663 Net cash from operating activities 430,687 257,650 Cash flows from Invosting activitios Purchase of tangible assets Proceeds from sale of tsngible assets Net cash used in investing activities 127,001) (60,403) 831 {27,001) (59,572) Not increase in cash and cash equivalents Cash and cash equlvalents at boginnin9 of year Cash and cash equlvalents at and of yoar 403,686 198,078 1154,754) {352,832) 248,932 (154.754) 21 The notes on pages 16 to 36 form part of these flnanclal statements. 15
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General infomation The charsty is a public benefit entity and a private company limited by guarantee, registered in Northem 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 Slatement of Recommended Practice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting pollcles Basls of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity- Golng concern There are no material uncertainties aboul the charity's ability to continue. Judgements and key sources ol estimation uncertainty The preparation of the financial statements requires management to maké judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectstions of future events that are believed to be reasonable under the circumstsnces. Significant judgements There are no signrficant 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 assumpbons are made concerning the tuture and. by their nature. will rarely equal the related actual OLrtcome. The key assumptions and other souices 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 are as follows: Management estimate an appropriate discount rate for present value calculations in measuring the pension liability recognised in the Statement of Financial Position 16
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements {¢gn¢lnuedJ Year ended 31 March 2025 Ac¢ounting policies (contlnuedj Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charItS purposes. Designated funds are unreslricted funds eamiarked by the trustees for particular future project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the temis of an appeal, and fall Into one of two sub-classes: restricted income funds or endowment funds. Incoming resources All incoming r8sources are includod in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits assooiated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. Income from donations or grants is recogniséd when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is estsblished. income from donated goods is measured al the fair value of the goods unless this is impractical to measure reliably, in whioh case the value is derived from the cost to the donor or the estimated resal& valu&. Donated facilitiès 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 volunteèrs. income from contracts for the supply of services is recognised with the delivery of the contracled service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retum8d rf unspent. in which cas8 it may be regarded as restricted. 17
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements fcontlnugdj Year ended 31 March 2025 Accountlng policies {¢ontinuedJ Resources expended Expenditur6 is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classlfied under headings of the slatement of financial activities lo which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities. and the sale of donated g¢)ods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitsble aims for the benefit of ils beneficiartes, induding those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditur8 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 reflecling the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contrfbute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded al cost, and subsequently ststed at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subs&qu&nt accumulated impaimient losses. An increase in the carying amount of an asset as a result of a revaluation, Is recognised in other recognised gains and losses, unless it reverses a charge for impaimient that has previously been recognised as expenditure within the slatement 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, 8xc8pt to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Long leasehold property Motor vehicles Equipment 200/0 Straight line 15Y. 20 /0 Straight line Investments Unlisted equity inveslments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot ba reliably measured, assets are measured at cost less impaimient. 18
Disability Action {Nl) Company Limited by Guarantee Notes to the Financial Statements f¢t)ntinuad) Year ended 31 March 2025 Accountlng pollcies (contlnued) Inveslments (¢ontlnued) Listed inveslments ar8 measured at fair value with changes in fair value being recognised in income or expenditure. Investmants In associates Inveslments 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 transaction price. At each reporting date, the investments are measured at fair valu6, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably wtthout undue c05t or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition. Investrnents in joint ventures Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impaimient losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the inveslments are measured at fair value, with changes in fair value 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 received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acqulslllon. Impalrment of fixod assets A review for indicators of impairment is carried out at each réporting dale, with the recoverable amount belng estimated where such indicators exist. Where the carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairmenls are also reviewed for possible reversal at eath reporting date. 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-generating unit to which the asset belongs. The cash-generating untt is the smallest identlfiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. 19
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Ststements [nnu*d) Year ended 31 March 2025 Accounting policies {¢ontlnued) Impairment of fixed assets {¢ontlnued) 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 synergies of the combination, irrespective of whether other assets or liabllities 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 benefits in seltlemenl and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in thé statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting dat6 and subsequently reviewed at each reporting date and adjusted to reflect the currènt best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognlsed are recognised in income or expenditure unless the provision was originally recognised as part of the cost of an asset. When a provision is measured al the present value of the amount expected to be required to settle the obligation. the unwinding of the discount is recognised as a finance cosl in the statement of financial activities in the period il arises, and is allocated to the appropriate expenditure heading. Finan¢lal Instruments A financial asset or a financial liability is recognised only when the charity becomes a party 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 the cash or other consideration expected to be paid or reiVed and not discounted. Débt instruments are subsequently measured al amortised cost. Where investrnents in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with Changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impaiment. othcr financlol Instrumentj. Ineludlng dertvallvèj, 8rè Iiilt1811y rècognlsed at falr value. unl&Js payment for an asset is d8f8rred beyond normal business terms or financed at 8 rate of interest that 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 debl instrument. other financial instruments are subsequently measured at fair value, with any changes recognised in the stslament of financial activities, with the exception of hedging instruments in a designated hedging relationship. 20
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Ststements (contlnued) Year ended 31 March 2025 Accounting policles (Gondnued) Financial instruments (contlnu•d) Financial assels that are m8asur8d at cost or amortiséd cost arè réviewed for objective evidenc6 of impairm8nt at the end of each reporting date. If there is objective evidence of impairment. an impairmeni loss is recognised under the appropriate heading in the statamant of financial activilies in which the initial galn was recognised. For all equity instruments regardless of significance. and other financial assets that are individually significant, these are assessed individually for impalrmenl. Other financial assets are either assessed individually or grouped on the basis of similar credit risk char8Cteristics. Any reversals of impaiment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the finanoial asset that exceeds what the carying amount would have been had the impalrmant not prèviously béén recognised. Defined Contrlbution 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 extent that the prepayment will lead to a rèduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related servi, the liability is measured on a discounted present value basis. The unwinding of the discount is recognlsed as an expense in the period in which it arises. Employeo bonefits Employee benefits are recognised as an èxpense when employaes become enlitied as a result of servlce rendered during Ihe reporting period. Termination beneffts are recognised as an expense in income or expenditure immediately. Termination benefits are recognised as a liabilty and expense only when the company is demonslrably committed either to temiinale the employment of an employee or group of employees before the nomial retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy. Temiination benefits ar8 measured at the best estimate of the expenditure that would be required to settle the obligation at the reporting date. In the cas@ of an offer made to encourage voluntary redundancy, measurement is based on the number of employees expected to accept the offer. When termination beneffts ara due more than 12 months after the end of the reporting period. they shall be measured at their discounted present value. 21
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements fcon¢lnued) Year ended 31 March 2025 Llmlted by guarantee Every member of the charitable company undertakes to contribute to the assets of the charitable company, in the event of the same being wound up while it is a member, or within one year after it c&as8S to be a member, for payment of the debls and liabilities of the charitsble 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 thé contributories among themselves. such amount as may be required not exceeding £1. Donations and legacles Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donatlons Donations 7,459 7,459 4,641 4.641 Legacies Legacies 10,000 17,459 10,000 17,459 4,641 4,641 Charitsble actlvltles Unrestricted Funds Restricted Total Funds Funds 2025 Department of Health - core grant Dèpartment of Infrastrudure IDATS) NH&SCT SH&SCT (Advocacy) WH&SCT (Advocacy) Housing Executive IMTAC Empower Mobility Centre lessons Mobility Exhibition assessments Fares Income Other Income CFNI Mental Health Fund DSS Motability Grant Workable Nl IFI L'ivic Initiative Onside 61,932 2,141,391 79,069 259,822 25,684 38,000 40,456 1,021,429 61.932 2,141.391 79.069 259,822 25,684 38,000 40,456 1,021,429 33,939 335,455 65,527 38,257 33,939 335,455 65,527 38,257 1,495,302 1,495,302 417,095 611,705 128,s48 26,470 417,095 611,705 128,548 26,470 1.902,953 4,917,128 6,820,081 22
Disability Action (Nl) Company Limited by Guarantse Notes to the Financial Statements f¢ontlnuedJ Year ended 31 March 2025 Charitable actlvitles (continued) Unreslrlcted Funds Restricted Total Funds Funds 2024 Department of Health - core grant Departm8nt of Infrastructure {DATS> NH&SCT SH&SCT (Advocacy) WH&SCT IAdvoca¢y) Housing Executive IMTAC Empower Mobility Centr8 lessons Mobility Exhibition assessments Fare5 Income Other Income CFNI Mental Health Fund DSS Motability Grant Workab18 Nl IFI Civic Initiative Onslde 61,182 2,055,077 61,333 223,587 22,675 30,000 37,217 821,895 61.182 2.055.077 61,333 223.587 22,675 30,000 37,217 821,895 15,856 280,697 61,596 21,379 113,500 1.208,598 122,903 640,975 36,965 15,856 280,697 61,596 21,379 113,500 1,208,598 122,903 640,975 36,965 1,526,530 4,288,905 5,815,435 Other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Training & Semlnars Consultancy income Rentsl Income 2,870 15,233 12,100 2,870 15,233 12,100 7,213 7,213 8,442 8,442 30,203 30.203 15,655 15.655 Investment income Unrestricted Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 BdllK li Iluiusl i uL.¥1vLll 658 658 883 883 23
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Ststements (¢ontinuod) Year ended 31 March 2025 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Gain on disposal of tangible fixed assets held for charity's own use 6.438 6,438 10. Expenditure on charltable actlvltles by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Information and advlce servlces Policy and research Transport and mobilty s8rvic8S Training and employment support seNices Support costs 179,142 150,792 443,686 302,959 634,135 725,063 904,205 150.792 2,436,454 1,522,868 1.424,582 1,992,768 1,219,909 790,447 1,710,714 4,728.187 6,438,901 Unrestricted Funds Restricted Total Funds Funds 2024 Information and advice services Policy and research Transport and mobility services Training and employment support services Support costs 102,040 299,559 226.983 72,238 381.857 476,648 43,633 2,042,954 1,636,289 537,173 578,688 343,192 2,269.937 1,708,507 919,030 1,082,677 4,736,677 5,819,354 11. Expenditure on ¢harltable actlvltles by actlvlty type Activities undertaken directly Support costs Tolal funds 2025 Totsl fvnd 2024 Information and advice services Policy and r8s8arch Transport and mobility services Training and employment support services Governan costs 904,205 150,792 2,436,454 103,808 1,008,013 150,792 2,861.021 610,665 343,192 2,565,418 424,567 1.522.ilbil J4,2UI 62,000 2,351.UlS 62,000 2.215,biS 24,504 5,014,319 1,424,582 6,438,901 5.819,354
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements fconllnuedj Year ended 31 March 2025 12. Analysis of support costs Training and Information Transport employment and advice and mobility support Governance services services services Costs Total 2025 Total 2024 Staff costs Prefflises Communications and IT General office Governance costs 49,636 27.039 203.007 110.586 398.876 217.284 651,519 354.909 421,056 315.437 20,431 6.702 83.562 27.412 164.187 53.860 268,180 87,974 62,000 109,920 48,113 24,504 62,000 103.808 424.567 834.207 62,000 1,424,582 919.030 13. Other axpanditure Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Loss on disposal of tangible fixed assels held for charity's own use 1,092 1,092 14. Net income Net Income is stated after chargingl(crediting)'. 2025 2024 Depreciation of tangible fixed assets Lossl(gainsl on disposal of tangible fixed assets 58,273 1,092 58,627 (6,438) 15. Auditors remuneration 2025 2024 Fees payable for the audit of the financial statements 15.300 17.234 16. Staff Costs The total staff costs and erllployee benefits for the reporting period are analysed as follows= 2025 2Q24 Wages and salaries Social security costs Employer contributions to pension plans Other employee benefits 3,341,909 284,884 171,927 40,767 2.828.314 234,315 204,877 46.852 3.839.487 3.314,358 25
Disability Action (Nl) Company Llmlted by Guarantee Notes to the Financial Statements (¢ontInu) Year ended 31 March 2025 16. Staff costs (continu•d) The average head count of employees during the year was 157 (2024.. 146). The average number of full-time equivalent employees during the year is analysed as follows: 2025 No. 2024 Numberoftraining support staff Number of administrative and finance staff Number of senior management stsff Number of other staff Number of driving staff 88 19 71 15 18 29 35 157 No employee received employ88 b8nafits of more than £60,000 during the year12024: Nil). Key Management Parsonnèl Key management personnel includ8 all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personn81 for services provided to the charity was £188,517 (2024'.£193.599). 17. Trustse remuneration and expenses No trustee received any remuneration during the year (2024.. £NlI. No trustses received expenses durlng the year (2024: £Nil) 26
Disability Action (Nl) Company Limlted by Guarantee Notes to the Financial Statements fcontinued) Year ended 31 March 2025 18. Tanglblo flxod assets Long leasehold property Motor vehicles Equipment Total Cost At 1 April 2024 Additions Disposals At 31 March 2025 1,388,451 382,070 9,900 17,320) 384,650 526.826 17,101 2,297,347 27.001 (7.320) 2,317,028 1,388,451 543,927 Depreciation At 1 April 2024 Charge for the year Disposgls At 31 March 2025 505,893 296,846 30,197 (6,2281 320,815 450,350 28,076 1.253,089 58.273 16,228) 1,305,134 505,893 478,426 Carrying amount At 31 March 2025 882,558 882,558 63,835 85.224 65,501 76.476 1.011.894 At 31 March 2024 1,044.258 The building at 189 Alrport Road West. Belfast has not been revalued since 2017. 19. Investments Other investments Cost or valuation At 1 April 2024 Additions 251 At 31 March 2025 251 Impairnient At 1 Aprll 2024 and 31 March 2025 Carrying amount At 31 March 2025. 251 At 31 March 2024 251 All invesknents shown above are held at valuation. 27
Disability Action (Nl) Company Llmited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 19. Investments (continued) Thesé investm8nts relate to the holding of 250 ordinary £1 shares in the Ulster Community Investment Trust Limited and one ordinary £1 share in Disability Action Tr8deable Services Limited. which represents 1 OOVD of its issued share capital. Disability Action INI) considers that Disability Action (Nl) Employment and Training. a charlty and a company limited by guarantee, is a wholly owned subsidiary. 20. Debtors 2025 2024 Trada dabtors Amounts owed by group undertakings Prepayments and accrued income 392,207 114,418 174,476 681,101 115,479 113,056 353.774 582,309 21. Cash and cash equivalents Cash and cash equivalents comprise the following: 2025 2024 Cash at bank and in hand Bank overdrafts 248,932 76,000 1230,754) 1154,754) 248,932 22. Creditors: amounts falling due wlthln one year 2025 2024 Bank loans and ov8rdr8fts Trade creditors Accruals and deferred income Social security and other taxes Pension contributions due Sundry creditors Other creditors 230,754 207.525 70.593 126.412 19.779 8.806 16.800 205,104 98,685 195,976 25.789 4,105 19,600 549,259 680,669 23. bredirors: amounts iaiiing auè attèr Moré tnan onè yoar 2025 2024 TPT Pension 37,954 60,354 28
Disability Action {Nl) Company Limited by Guarantee Notes to the Financial Statements (¢ontlnueafJ Year ended 31 March 2025 24. Deferred income 2025 2024 At 1 April 2024 Amount released to income Amount deferréd in year At 31 March 2025 242,132 {242,132) 24,732 24,732 25. Provisions Ponslons and slmilar obligations At 1 Aprll 2024 Remeasurements- impact of any change in assumptions Unwinding of discounl Payments to fund deficSt At 31 March 2025 460,210 (9.436) 20,502 {46,304) 424,972 29
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements {¢ontinued) Year ended 31 March 2025 26. Pensions and other post retirement benefits The company participates in the scheme, a multi-8mployer scheme which provides benefits 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 schème as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme. The scheme is subjèct to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documenls issued by the Pensions Regulator and Technical Actuarial Slandards issued by the Financial Reporting Councll, set out the framework forfunding defined benefit occupational pension schemes in the UK. The scheme is classified as a 'last-man standing arrangement,. Therefore thè company is potentially liable for other participating employers, obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally rèquired to meet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme. A full actuarial valuation for the scheme was carried out at 30 September 2022. This valuation show8d assets of £22.8m. liabilities of £26.Om and a deficit of £3.2m. To eliminat8 this funding shortfall, the Trustee has asked the participating employers to pay additional contribulions to the scheme as follows: From August 2020 to 29 February 2028- £1,280,605 in total (payable monthly) The recovery plan contribulions are allocated to each participating employer in line with their estimated share of the scheme liabilities. Where the schème 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 disclosures. The unwinding of the discount rate Is recognised as a finance cost. PRESENT VALUE OF PROVISION 2025 2024 2023 Present value of provision 424,972 460,210 202,156 RECONCILIA TION OF OPENING AND CLOSING PROVISIONS 2025 2024 Provision al start of period Unwinding of the discount factor (interest expense) Deficil contribution paid R6measurements- impact of any change in assumptions Remeasurements - amendments to the contribution schedule 460,210 20,502 (46,304) 202,156 9,234 {46,304) (9,4361 11,216 283,908
Disability Action (Nl) Company Llmlted by Guarantee Notes to the Financial Statements (w?tlnu•d) Year ended 31 March 2025 Provision at end of period 424,972 460,210 INCOME AND EXPENDITURE IMPACT 2025 2024 Interest expense Remeasurements- impact of any changes in assumptions Remeasurements - amendments to the contribution s¢hedule 20,502 9.234 19,436) 11,216 283,908 'includes defined contribution schemes and future service contributions li.e. excluding any deficit reduction payments) to defined benefit schemes which are treated as defin8d contribution schemes. To be completed by the company. ASSUMPTIONS 2025 2024 2023 Rate of dlscount The discount rates shown above are the equivalent single discount rates which, wh8n used to discounl Ihe future recovery plan contributions due, would give the same results as using 8 full AA corporate bond yield curve to discount the same recovery plan contributions. 27. Analysis of charitable funds Unrestrlcted funds At 31 March 202 At 1 April 2024 Inme Expenditure Transfers General fijnds 320,526 1,951,273 (1,711,808) 559,993 At 31 March 202 At 1 April 2023 Income Expenditure Transfers General funds 328,107 1,553,927 11,082.6771 (478,831) 320,526 31
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements {contffnu•d) Year ended 31 March 2025 27. Analysls of ¢harftable funds (continued) Restrlcted funds At 31 March 202 At 1 April 2024 Income Expenditure Transfers Department of Health - Core Grant Department of Infrastructure - DATS Fares Income NHSCT SHSCT WHSCT 61.932 (61,932) 2,141.391 (2.141.391) 65,527 (65,5271 79,069 179,0691 259,822 {259,822) 25,684 125,6841 25,368 125,368) Housing Executive Department for Communities- Jobmatch Department for Communities- Peer Advocacy IMTAC SEUPB- ONSIDE Empower Motability grant IFI Civic Iniliatlve Erasmus tantic Philanthrophies CFNI Mentsl Health Arts Council Nl 611,705 1611,7051 40,456 (40,4561 26,470 (26,4701 1,034,061 {1,034,0611 417,095 (228,154) 128,548 (128,548) 31,059 220,000 150.000 150,000 181,059 4,917,128 (4,728,187) 370,000 At 31 March 202 1 April 2023 Income Expenditure Transfers Department of Health - Core Grant Department of Infrastructure- DATS Far&s Income NHSCT SHSCT WHSCT 61,182 (65,724) 4,542 2.055,077 (2,282,060) 61,596 (61.5961 61,333 161,3331 223,587 (268,346) 22,675 122.6751 226,983 44.759 32
Disability Action (Nl) Company Llmited by Guarantee Notes to the Financial Statements (contthu•dJ Year ended 31 March 2025 27. Analysis of charitable funds {conllnued) Housing Executive Department for Communities - Jobmatch Department for Communities- Peer Advocacy IMTAC SEUPB- ONSIDE Empower Motability grant IFI - Civic Initiative Erasmus Altantic Philanthrophies CFNI Mentsl Health Art5 Council Nl 30.000 {30.000) (113) 113 640.975 37.217 (735,167) (37,217) 94,192 821,895 122,903 36,965 1901.102) (91.8441 (38,633) (22,367) 79.207 31,059 1,668 22,367 150,000 150,000 113.500 (113,500) (5.000) 4.288,905 (4,736,677) 5.000 150,000 478,831 181,059 Transfers took place in the year 23124 which related to income received in relation to services delivered, as all conditions had been mel and services had been delivered during the year, the remainlng balance had then been transferred to unrestricted rèserves. Further transfers had taken place to correct expenditure previously being re¢ognised within unrestricted funds, these balances have been fully spent. Funds had also been transferred from unrestrioted to restrlcted funds durlng the year 23124 du8 to the operational deficits on mulliple projects, these project deficits continue to run but were supported by unrestricted funding. 33
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements (Gonllnued) y.ear ended 31 March 2025 28. Analysls of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year Provisions 1,011.894 251 535,301 {524,527) 137,9541 (424.972) 559,993 1,011.894 251 394,732 930.033 {24.732) {549,259) 137,954) (424,972) 929,993 Net assets 370,000 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less than 1 y8ar Creditors greater than 1 year Provisions 1,044,258 251 455.206 {658,6251 (60.3541 (460.2101 320,526 1.044,258 251 203,103 658,309 122,044) 1680.669) (60,354) 1460,210) 501,585 Net assets 181,059 29. Taxation The Cornpany is a registered charity, and as such is entitléd to tax 8xemptlons on income and profits in furtherance of the charity's primary objectives. 30. 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 tsrms'of the Letters of Offers have been, Dr will be, complied with and no liability is expected. 31. Lease commitments The total future minimum lease payments under non-cancellable operating leases are as follows= 2025 2024 Not later than 1 year Later than 1 year and not later than 5 years 13,000 13.000 13.000 33
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Ststements (continv8d) Year ended 31 March 2025 32. Analysis of Changes In net debt At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand Bank overdrafts 76.000 1230,754) {154.754) 172,932 230,754 248,932 403,686 248,932 33. Security and contlngencles The Ulster Bank Limitsd holds separate inter-company guarantees between Disabillty Action INI) and Disability Action {Nl) Employment & Training. and Disability Action INI) and Disability Action Tradeable Servic8s Limit8d. It also holds a collateral leasehold first legal charge over property at Portside Business Park, Airport Road West, Belfast. As at 31 March 2025, Disability Action (Nl) owed Ulster Bank Limited £Nil (2024.. £230.754) in respect of bank overdrafts. 35
Disability Action (Nl) Company Limited by Guarantee Notes to the Financial Statements (lI1ned} Year ended 31 March 2025 34. Related partles Iwith Disability Action (Nl) Employment & Training Relationship Disability Action (Nl) Employment & Training is a wholly owned subsidiary of Disability Action (Nl). Nature of transactians during the year= 2025 2024 Amounts owed by group undertakings - DAET 64,302 62.940 Outstanding balances are unsecured and interesl-free. With Dlsablllty Action Tradeable Services Llmlted Relatlonship - Disability Action Trad8able Services Limited is a wholly owned subsidiary of Disability Actlon INII. Nature of transactions during the year: 2025 2024 Amounts owed by group undertakings- DATS 50,116 50.116 Outstandlng balances are unsecured and interest-free. The trustees of Disability Action {Nl) intend to offer ongoing financial support to Disability Action (Nl) Employment & Training, which is considered to be a subsidiary entity. The financial statements of Dlsability Action {Nl) Employment & Training as at 31 March 2025 show nét current liabililies of £96,926, non-current liabilities of £36,597 and a pension provision of £288,409 resulting in totsl net liabilities of £421,932. 35. Ethlcal 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. 36