## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Consolidated Statement of Financial Activities (including consolidated income and expenditure account)** ## **31 March 2025** ||||**2025**|**2025**||2024| |---|---|---|---|---|---|---| |||Unrestricted|Restricted|||| |||funds||funds|**Total funds**|Total funds| ||**Note**|**£**|**£**||**£**|**£**| |**Income and endowments**||||||| |Donations and Legacies|**5**|||||| |Charitable activities|**6**|5,000|1,249,856||1,254,856|1,079,242| |Other trading activities|**7**|189,831|||189,831|217,518| |Other Income|**8**|11,226|||11,226|9,308| |**Total income**||206,057|1,249,856||1,455,913|1,306,068| |**Expenditure**||||||| |Expenditure on raising||||||| |funds:||||||| |Costs of other trading||(92,772)|||(92,772)|(100,099)| |activities|**9**|||||| |Expenditure on charitable||(154,700)|(1,177,769)||(1,332,469)|(1,222,645)| |activities|**10,11**|||||| |**Total expenditure**||(247,472)|(1,177,769)||(1,425,241)|(1,322,744)| |Net gains/(losses) on||||||| |investments|**12**|2,509|||2,509|(184,418)| |**Net income/(expenditure)**||(38,906)|72,087||33,181|(201,094)| |Transfers between funds||84,823|(84,823)|||| |Tax on profit||(3,811)|||(3,811)|| |**Net movement in funds**||42,106|(12,736)||29,370|(201,094)| |**Reconciliation of funds**||||||| |Total funds brought forward||||||| |||520,354|15,449||535,803|736,897| |**Total funds carried**||||||| |**forward**||562,460||2,713|565,173|535,803| **The notes on pages 20 to 33 form part of these financial statements.** **17** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Consolidated Statement of Financial Position** ## **31 March 2025** **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |Group|Group|Charity|Charity| |2025|2024|2025|2024| |Note|£|£|£|£| |Fixed assets| |Tangible fixed assets|17|--| |-------------------------|------------------------|-------------------------|-------------------------| |Total fixed assets| |Current assets| |Stocks| |Debtors|18|26,817|255,686|44,136|293,793| |Cash at bank and in hand|862,734|583,550|785,690|518,386| |-------------------------|-----------------------|-------------------------|-------------------------| |Total current assets|889,551|839,236|829,826|812,179| |Creditors: amounts falling due| |within one year|19|(147,440)|(109,040)|(127,686)|(105,705)| |------------------------|--------------------|------------------------|-----------------------| |Net current assets|742,111|730,196|702,140|706,474| |----------------------|--------------------|-----------------------|-----------------------| |Total assets less current liabilities|742,111|730,196|702,140|706,474| |----------------------|--------------------|-----------------------|-----------------------| |Net assets excluding defined benefit| |pension plan liability|742,111|730,196|702,140|706,474| |Defined benefit pension plan liability|21|(176,938)|(194,393)|(176,938)|(194,393)| |--------------------------|-----------------------|-----------------------|-------------------------| |Net assets including defined pension| |plan liability|565,173|535,803|525,202|512,081| |===============|================|=============== =================| |Funds of the charity| |Restricted funds|2,713|15,449|2,713|15,449| |Unrestricted funds|562,460|520,354|522,489|496,632| |-------------------------|-------------------------|-----------------------|------------------------| |22|565,173|535,803|525,202|512,081| |=================|================ =================|================| **----- End of picture text -----**
These financial statements were approved by the board of trustees and authorised for issue on 11[th] December 2025 and are signed on behalf of the board by: Ian McCrickard Trustee **The notes on pages 20 to 33 form part of these financial statements.** **18** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Consolidated Statement of Cash Flows** ## **Year ended 31 March 2025** |**Cash flows from operating activities**
Net income/(expenditure)
_Adjustments for:_
Depreciation of tangible fixed assets
Other interest receivable and similar income
(Gains)/loss on disposal on investments
Accrued Income
Other operating cash flow
_Changes in:_
Trade and other debtors

Trade and other creditors
Cash generated from operations

Interest received
Net cash used in operating activities

**Cash flows from investing activities**
Proceeds from sale of other investments
Net cash from investing activities
**Net (decrease)/increase in cash and cash equivalents**

**Cash and cash equivalents at beginning of year**

**Cash and cash equivalents at end of year**
|**2025**
2024
**£**
£
33,181
(201,094)
741
(11,226)
184,418
(2,509)
(9,308)
(417)
1,236
(14,946)
274,650
36,776
(6,964)
3,108
267,958
15,877
11,226
9,308
279,184
25,185
279,184
25,185
583,550
558,365
862,734
583,550| |---|---| **The notes on pages 20 to 33 form part of these financial statements.** **19** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **1. 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 The Hatchery NI, Unit 19 Antrim Enterprise, 58 Greystone Road, Antrim, BT41 1JZ. ## **2. 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 Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. ## **3. Accounting policies** ## **Basis 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. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make 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 expectations of future events that are believed to be reasonable under the circumstances. ## **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 trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. **20** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **3. Accounting policies** _**(continued)**_ ## **Incoming resources** All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated 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 recognised 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 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 value 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 services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. ## **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, noncharitable 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 contribute to on a reasonable, justifiable and consistent basis. ## **Tangible assets** Tangible assets are initially recorded at cost, and subsequently stated 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 subsequent accumulated impairment losses. **21** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **3. Accounting policies** _**(continued)**_ ## **Tangible assets** _**(continued)**_ 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 the 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 the loss 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 life of that asset as follows: Equipment - 20% straight line ## **Impairment of fixed assets** 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 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 cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable 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. For impairment 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 liabilities of the charity are assigned to those units. ## **Financial 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 received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments 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 impairment. **22** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **3. Accounting policies** _**(continued)**_ ## **Financial instruments** _**(continued)**_ Where investments 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 impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a 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 debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. 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 recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. ## **Defined benefit plans** ## _**Multi-employer Plans**_ The charity operates a defined contribution pension plan for the benefit of its employees. Contributions are expensed as they become payable. The charity also participates in a defined benefit multi-employer pension plan for the benefit of its employees. A liability for the charity's obligation under the plan is recognised at the net present value of the deficit contributions payable. ## **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 extent that the prepayment will lead to a reduction 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 service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. **23** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **3. Accounting policies** _**(continued)**_ ## **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 transaction price. At each reporting date, the investments 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 associate arising before or after the date of acquisition. ## **4. Limited by guarantee** Supporting Communities NI is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. ## **5. Donations and legacies** |**5.**|**Donations and legacies**||||| |---|---|---|---|---|---| |||Unrestricted|**Total Funds**|Unrestricted|Total Funds| |||Funds|**2025**|Funds|2024| |||£|**£**|£|£| ||**Donations**||||| ||Donations Received||||| |||================================|================================|==============|==============| |**6.**|**Charitable activities**||||| ||||Unrestricted|Restricted|**Total Funds**| ||||Funds|Funds|**2025**| ||||£|£|**£**| ||Sundry Income||||| ||NIHE Grants|||1,119,845|1,119,845| ||ITO|||2,363|2,363| ||Digital Voice Sessions|||25,000|25,000| ||James Kane Foundation|||9,135|9,135| ||Digital Champion Project||||| ||Temp Venue Campsie Omagh|||16,540|16,540| ||NIHE - CHF||||| ||NISP Catalyst 2024 and 2025||5,000||5,000| ||National Lottery - Dormant Accounts|Fund||19,727|19,727| ||Gallagher Trust|||15,996|15,996| ||OCN NI||||| ||Elevate Programme|||6,250|6,250| ||Department of Finance|||35,000|35,000| ||||5,000|1,249,856|1,254,856| **24** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **6. Charitable activities** _**(continued)**_ |||Unrestricted|
Restricted|
**Total Funds**| |---|---|---|---|---| |||Funds|Funds|**2024**| |||£|£|**£**| |Sundry Income||--||| |NIHE Grants|||983,025|983,025| |ITO|||2,263|2,263| |Digital Voice Sessions|||750|750| |James Kane Foundation|||5,455|5,455| |Digital Champion Project||||| |Temp Venue Campsie Omagh|||11,480|11,480| |NIHE - CHF||||| |Interreg Onside||||| |National Lottery - Dormant Accounts|Fund||19,728|19,728| |Gallagher Trust|||11,996|11,996| |OCN NI|||2,545|2,545| |Elevate Programme|||7,000|7,000| |Department of Finance|||35,000|35,000| ||||1,079,242|1,079,242| |**Other trading activities**||||| ||Unrestricted|**Total Funds**|
Unrestricted|Total Funds| ||Funds|**2025**|Funds|2024| ||£|**£**|£|£| |Self Generated Funds|6,521|6,521|5,349|5,349| |Other Trading Activities|183,310|183,310|212,169|212,169| ||189,831|189,831|217,518|217,518| |**Investment income**||||| ||Unrestricted|**Total Funds**|Unrestricted|Total Funds| ||Funds|**2025**|Funds|2024| ||£|**£**|£|£| |Bank interest receivable|11,226|11,226|9,308|9,308| |**Costs of other trading activities**||||| ||Unrestricted|**Total Funds**|Unrestricted|Total Funds| ||Funds|**2025**|Funds|2024| ||£|**£**|£|£| |Costs of other trading activities|(92,772)|(92,772)|(100,099)|(100,099)| ||(92,772)|
(92,772)|(100,099)|
(100,099)| ## **7. Other trading activities** ## **8. Investment income** ## **9. Costs of other trading activities** **25** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **10. Expenditure on charitable activities by fund type** ||||Unrestricted|Unrestricted|Restricted|**Total Funds**| |---|---|---|---|---|---|---| |||||Funds|Funds|**2025**| |||||£|£|**£**| ||Advancement of community development||154,700||1,171,153|1,325,853| ||Support costs||||6,616|6,616| |||||--------------------------------|-----------------------------------------|-----------------------------------------| ||||154,700||1,177,769|1,332,469| ||||Unrestricted||Restricted|Total Funds| |||||Funds|Funds|2024| |||||£|£|£| ||Advancement of community development|||99,367|1,116,086|1,215,453| ||Support costs||||7,192|7,192| |||||99,367|1,123,278|1,222,645| |**11.**|**Expenditure on charitable activities by activity type**|||||| |||Activities||||| |||undertaken|||**Total funds**|Total fund| |||directly|Support costs||**2025**|2024| |||£||£|**£**|£| ||Advancement of community|||||| ||development|1,325,853|||1,325,853|1,215,453| ||Governance costs|||6,616|6,616|7,192| |||1,325,853||6,616|1,332,469|1,222,645| |**12.**|**Net gains on investments**|||||| |||Unrestricted|
**Total**|**Funds**|Unrestricted|Total Funds| |||Funds||**2025**|Funds|2024| |||£||**£**|£|£| ||Gains/(losses) on other pension|||||| ||scheme|2,509||2,509|(184,418)|(184,418)| |||=======================||=======================|==============|==============| |**13.**|**Net income/(expenditure)**|||||| ||Net income/(expenditure) is stated after charging/(crediting):|||||| ||||||**2025**|2024| ||||||**£**|£| ||Depreciation of tangible fixed assets|||||741| |**14.**|**Auditors remuneration**|||||| ||||||**2025**|2024| ||||||**£**|£| ||Fees payable for the audit of the financial statements||||6,616|7,152| **26** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **15. Staff costs** The total staff costs and employee benefits for the reporting period are analysed as follows: ||**2025**|2024| |---|---|---| ||**£**|£| |Wages and salaries|967,648|942,028| |Social security costs|92,034|84,842| |Employer contributions to pension plans|36,659|36,289| ||1,096,341|1,063,159| The average head count of employees during the year was 27 (2024: 26). The number of employees whose remuneration for the year fell within the following bands, were: |||**2025**|2024| |---|---|---|---| |||**No.**|No.| |£60,000|to £69,999|1|1| ## **Key Management 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 £229,203 (2024:£217,696). ## **16. Trustee remuneration and expenses** During the year the charity made the following transactions with trustees: £889 (2024: £ 186) of expenses were reimbursed in the year. ## **17. Tangible fixed assets - group** ||**Equipment**|**Equipment**| |---|---|---| ||**£**|| |**Cost**||| |**At 1 April 2024 and 31 March 2025**|3,705|| |**Depreciation**||| |At 1 April 2024|3,705|| |Charge for the year||_| |**At 31 March 2025**||| |||_| |**Carrying amount**||| |**At 31 March 2025**||| |||_| |At 31 March 2024||_| **27** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **17. Tangible fixed assets - charity** |**Cost**
**At 1 April 2024 and 31 March 2025**
**Depreciation**
At 1 April 2024
Charge for the year
**At 31 March 2025**
**Carrying amount**
**At 31 March 2025**
At 31 March 2024
**18.** **Debtors**
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
Other Debtors
**19.** **Creditors:** **amounts falling due within one year**
Trade creditors
Amount repayable to NIHE
Accruals and deferred income
Social security and other taxes
Defined benefit pension scheme
Other Creditors|**Group**
**2025**
**£**
18,104
8,713
26,817
**Group**
**2025**
**£**
7,136
63,291
16,611
3,810
41,576
15,016
147,440|**Equipment**
**£**
3,705
3,705
_
_
_
_
Group
2024
**Charity**
**2025**
Charity
2024
£
**£**
£
42,814
6,304
7,521
29,119
73,400
6,237
8,713
6,237
206,635
206,635
255,686
44,136
293,793
Group
2024
**Charity**
**2025**
Charity
2024
£
**£**
£
10,223
6,208
8,981
63,291
39,324
16,611
39,324
57,400
41,576
57,400
2,093
109,040
127,686
105,705| |---|---|---| **28** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **20. Deferred income** ||**2025**|2024| |---|---|---| ||**£**|£| |At 1 April 2024|31,799|2,130| |Amount released to income|(31,799)|(2,130)| |Amount deferred in year|8,003|31,799| |**At 31 March 2025**|8,003|31,799| ## **21. Pensions and other post retirement benefits** ## **Defined contribution plans** The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £36,659 (2024: £36,289). ## **Defined benefit plans** ## _**Multi-employer Plans**_ The company participates in the scheme, a multi-employer 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 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. The scheme is classified as a 'last-man standing arrangement'. Therefore the 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 required 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 actuarial valuation showed assets of £22.8m, liabilities of £26.0m and a deficit of £3.2m. To eliminate this funding shortfall, the Trustee asked the participating employers to pay additional contributions to the scheme as follows: ## **Deficit contributions** ||||**£**| |---|---|---|---| |From|1|October 2022 to 31 March 2024 (per annum, payable monthly)|163,617| |From|1|April 2024 to 30 April 2031 (per annum, payable monthly)|245,773| |From|1|May 2031 to 30 June 2037 (per annum, payable monthly)|95,154| **29** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **21. Pensions and other post retirement benefits** _**(continued)**_ Note that the scheme's previous valuation was carried out at 30 September 2019. This actuarial valuation showed assets of £35.4m, liabilities of £37.8m and a deficit of £2.4m. To eliminate this funding shortfall, the Trustee asked the participating employers to pay additional contributions to the scheme as follows: **£** From 1 August 2020 to 29 February 2028 (in total, payable monthly) 1,280,605 The recovery plan contributions are allocated to each participating employer in line with their estimated share 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 disclosures. The unwinding of the discount rate is recognised as a finance cost. ## PRESENT VALUES OF PROVISION ||2025|2024|2023| |---|---|---|---| ||**£**|£|£| |Present value of provision|218,514|251,793|82,505| |RECONCILIATION OF OPENING AND CLOSING PROVISIONS|||| |||2025|2024| |||**£**|£| |Provision at start of period||251,793|82,505| |Unwinding of the discount factor||10,806|3,768| |Deficit contribution paid||(41,576)|(18,898)| |Remeasurement - impact of any change in|||| |assumptions||(2,509)|3,459| |Remeasurement - amendments to the contribution|||| |schedule|||180,959| |Provision at end of period||218,514|251,793| |INCOME AND EXPENDITURE IMPACT|||| |||2025|2024| |||**£**|**£**| |Interest expense||10,806|3,768| |Remeasurement - impact of any change in|||| |assumptions||(2,509)|3,459| |Remeasurement - amendments to the contribution|||| |schedule|||180,959| **30** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ASSUMPTIONS Rate of discount |2025|%|2024|%|2023|%| |---|---|---|---|---|---| |**£**||£||£|| ||5||5||5| The discount rates shown above 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. ## **22. Analysis of charitable funds** ## **Unrestricted funds** |||At||||Gains and|**At**| |---|---|---|---|---|---|---|---| ||1|Apr 2024|Income|Expenditure|Transfers|losses|**31 Mar 2025**| |||£|£|£|£|£|£| |General funds||520,354|206,057|(251,283)|84,823|2,509|562,460| |||At||||Gains and|**At**| ||1|Apr 2023|Income|Expenditure|Transfers|losses|**31 Mar 2024**| |||£|£|£|£|£|£| |General funds||615,363|159,931|(132,571)|62,049|(184,418)|520,354| **31** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **22. Analysis of charitable funds** ## **Restricted funds** |At 1
April 2024
£
Digital Champion Project
Temp Venue Campsie Omagh
ITO Housing Policy
Interreg Onside
NIHE
12,736
National Lottery - Dormant
Accounts Fund
Gallagher Trust Fund
OCN NI
2,713
Elevate Programme
NIHE- CHF
BT Digital Project Switchover
James Kane Foundation
15,449
**Restricted funds**
At 1
April 2023
£
Digital Champion Project
4,321
Temp Venue Campsie Omagh
ITO Housing Policy
Interreg Onside
NIHE
116,683
National Lottery - Dormant
Accounts Fund
362
Gallagher Trust Fund
OCN NI
168
Elevate Programme
NIHE- CHF
BT Digital Project Switchover
James Kane Foundation
121,534|Income
Expenditure
Transfers
Gains and
losses
£
£
£
£
35,000
(35,000)
16,540
(16,540)
2,363
(1,488)
(875)
1,119,845
(1,073,506)
(59,075)
19,727
(19,727)
15,996
(14,109)
(1,887)
6,250
(80)
(6,170)
25,000
(10,884)
(14,116)
9,135
(6,435)
(2,700)
1,249,856
(1,177,769)
(84,823)
Income
Expenditure
Transfers
Gains and
losses
£
£
£
£
35,000
(39,321)
11,480
(11,480)
2,263
(1,388)
(875)
983,025
(1,037,616)
(49,356)
19,728
(20,090)
11,996
(10,121)
(1,875)
2,545
7,000
(208)
(6,792)
750
(319)
(431)
5,455
(2,735)
(2,720)
1,079,242
(1,123,278)
(62,049)|**At 31**
**March**
**2025**
£
2,713
2,713
**At 31**
**March**
**2024**
£
12,736
2,713
15,449| |---|---|---| **32** ## **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **23. Analysis of net assets between funds** ||Unrestricted|Restricted|**Total**| |---|---|---|---| ||Funds|Funds|**Funds**| ||||**2025**| ||£|£|**£**| |Tangible fixed assets|||| |Current assets|829,847|88,823|918,670| |Creditors less than 1 year|(90,449)|(86,110)|(176,559)| |Creditors greater than 1 year|(176,938)||(176,938)| |**Net assets**|565,173|2,713|565,173| ||Unrestricted|Restricted|**Total Funds**| ||Funds|Funds|**2024**| ||£|£|**£**| |Tangible fixed assets|||| |Current assets|775,999|63,237|839,236| |Creditors less than 1 year|(61,252)|(47,788)|(109,040)| |Creditors greater than 1 year|(194,393)||(194,393)| |**Net assets**|520,354|15,449|535,803| ## **24. Analysis of changes in net debt** ||||||**At**|| |---|---|---|---|---|---|---| ||At|1|Apr 2024|Cash flows|**31 Mar**|**2025**| ||||£|£||**£**| |Cash at bank and in hand|||583,550|279,184|862,734|| ## **25. Subsidiary undertakings** The financial statements include the results of the following subsidiary undertakings for the year ended 31[st] March 2025. Empowering Communities Enterprise Limited Company registration number: NI642947 Nature of control: The company is limited by shares. Supporting Communities NI holds 100% of issued share capital. Gross income: £112,832 Total expenditure: £(96,583) Net expenditure for year: £16,249 Gross assets: £88,844 Total liabilities: £(48,873) Net assets: £39,971 **33** **Supporting Communities NI** ## **Company Limited by Guarantee** ## **Notes to the Financial Statements** _**(continued)**_ ## **Year ended 31 March 2025** ## **26. 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 Letters of Offers have been, or will be, complied with and no liability is expected. ## **27. Taxation** The Company is a registered charity, and as such is entitled to tax exemptions on income and ## **28. Ethical standards** In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. **34**