Changing Places, Changing Lives: We work with communities to enhance their lives, places and prospects, from the ground up. GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 Table of Contents 2024 REPORT.................................................................................................................... ......... . MESSAGEFROM THE CHAIR...................................,................................................. OUR VISION.... OUR COMMITMENT............,..,...................,........................,......,................. OUR COLLEAGUESAND VOLUNTEERS.................................................................................................. OUR IMPACT.. OUR WORK...................................................................................................... GRANT MANAGEMENT..........................................,...,..,............................. 2024 ACCOUNTS..,....................................................................................................................................10 FINANCIAL REVIEW..........................................................................,...........,..............,............... . .10 Golng Concern................................,....................................................................................... ... ... ..........10 Reserves Policy. ..io Investment Policy ,..................................................................................,................... .12 REFERENCE AND ADMINISTRA TIVE DETAILS........ .13 STRUCTURE, GOVERNANCEAND MANAGEMENT..,........................ ...... .. Govemance Arrangements................................................................ Trustee Appointment and Chalr..............,.......,..... ...... .. ... Related Parties..... ......... ..... . . Management............ . Key Responsibilities Trustees ................ ...... Trustee Sub-commlttees.... Risk Management................................................ .. . ......... Investment Pollcy.... Charitable Objects......... .............. .......... . . . . . STA TEMENT OF RESPONSIBILITIES OF THE TRUSTEES OF GROUNDWORK NORTHERN IRELAND INRESPECTOF THE TRUSTEES'ANNUAL REPORT AND ACCOUNTS.,.........,..........18 ststement as to disclosure to our auditors., .18 .14 .14 .14 .15 .15 .15 .15 .16 .16 INDEPENDENT AUDITOR'S REPORT......................................................................................................20 STA TEMENT OF FINANCIAL ACTIVITIES..... ... ... . . 24 BALANCE SHEET.. . .,25 STATEMENTOF CASH FLOWS.......................................... ..27 NOTES TO THE FINANCIAL STATEMENTS................ ..28 GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 2024 REPORT MESSAGE FROM THE CHAIR As chair l am proud of the role Groundwork Nl plays in supporting stronger, healthier communities, and prospects for local people. We deliver much of our impact through partnerships across a variety of sectors, supporting each other to deliver ama2ing projects across Northem Ireland. We are very grateful for the support of all our funders and partners who trust us to design and deliver local community environmentally focused actlvity. Groundwork Nl Is operating in challenging times which are taking their toll on local communities and the environment. The lack of devolved govemment over the last iwo years has limited public sector funding for local communlties. In addition, other sources of funding continue to be highly competitive. Compounding this the Impact that of cllmate chang8 and global issues. outslde the control of ordinary people, is causing anxiety and hardship for Many. Ongoing price rises in respect of food and energy have left many household5 Struggling to afford necessities, with leading to increased demand for services that help people reduce their bills and increase their income. The impacts of climate change are belng felt with increasing severity through extreme weather events, impacting first and worst on those in society with least choice and least protection, exacerbating environmental Injustice and health Inequalities. As part of the Federation of Groundwork Trusts, Groundwork Nl works wlth the wider federation to ensura that it benefits from the knowledge and support on offer from the wider federation of Groundwork Trusts across England and Wales. For example, with a keen eye on costs, we are pleased to be working more closely with Groundwork North Wales with a focus on collaboration and the sharing of our joint resources in order to both reduce overheads, and to ensure that funds are prioritised into front line delivery. This year we are pleased to have been able to continue work wlth corporate volunteers, the community and other partners to support many local communlty green project5. These have included improvements to the local environment, as well as community programmes for improved health and w@11-belng. job skllls, and routes into employment. In parallel, we have been prlvileged to be working with New to Nature trainees, funded through the Heritage Lottery, to support young people into jobs in the environmentsector, Other highlights for us have included our ongoing relationship with the Public Health Agency supportlng 100 Men's Sheds and communlty gardens aGross Northem Ireland as well as dellverlng grant programme5 for a variety of funders including the Breedon Group, Aughrim LCF and Tesco.. all of which provide much needed support to local communltles. As I look forward to the year ahead, we will continue to work with others to strengthen communities to take on the challenges that climate change poses for us all. We will look at Greative and innovative ways to diversify our income base in this time of squeezed financial resources and develop our partnerships throughout the sector, in order to deliver where we are needed the most. Davld W.S. Law GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 OUR VISION Groundwork Nl wlll help create bettèr places, helping communities become providing them with the knowledge and to lead greener, safer, and healthier Ilves. more sustainable, We will support people to improve their prospects, Gonfidence, resillence, skills and employability, We will promote greener cholcè8 SUPPOrting people and businesses think about the environment around them differently, realise thelr impact on it and helping them to cut waste, save money and live more healthily. We are part of the Federation of Groundwork Trusts in England, Wales and Northem Ireland. We aim to deliver programmes and services Sn the most economically challenged areas throughout Northern Ireland and the border counties of the Republic of Ireland. OUR COMMITMENT Our approach Is to always be; Committed - we will deliver work of the hlghest posslble standard for our clients and go the extra mlle to make them feel valugd, engaged and safe. We believe in the transformation we can achl8V8 and strive to make a dlfference for the better for evaryone w8 work with, Ambitious- we will grow In a way that makes us proud. We see the value and potentlal of our work and want to help as many clients and communlties as possible. Respectful we will be respecfful of others in all that we do, We will treat others as we expect to be treated ourselves- we take care to understand our clients and our colleagues and we look out for each other. Effective - we deliver on our promises to our cllents, colleagues, communities and funders. We work hard to make the most of every opportunity and manage our resources to deliver best in class servicés that make a difference, delivering positj've outcomes and best value for funders, As part of our partnershlp with Groundwork Trusts across the UK, we are also committed to prioritising work and measure our achievements based on the difference we make to people's lives, our impact on the environment and our contribution to the UN Sustainable Development Goals. We have, alongside our colleagues across the GW Federation Identlfied seven goals whlch align most closely with our Gurrent and future work plans and will support our UK colleagues to address others. Our work Gontrfbutos to unltsd natlon8 Sustalnable d8velopmont goals > Goal 1 No poverty- helpin9 people Into work and building the resillence of those who are most vulnerable > Goal 7 Affordable and clean onorgy- improving energy efficiency and promoting renewable5 > Goal 8 Decent work and economic growth- creatlng jobs and enterpris8 and helping young people into work GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 > Goal 11 Sustalnable cltles and communities- improving green spaces, promoting 5UStainable transport and improving air quality > Goal 12 Responsible consumptlon and produ¢tlon- reduclng waste and promotlng positive environmental behaviours among Gommunities and businesses > Goal 13 Climate actlon - promoting practlcal action and strengthenlng the resilience of communltles to cope wlth climate related events > Goal 15 Llf6 on land - protectlng ecosystems and stopping biodiversity loss OUR COLLEAGUES AND VOLUNTEERS Groundwork Northern Ireland is hugely grateful for the work carried out by its colleagues, corporate and community volunteers. Achievements during the year were due to their hard work and commitment. We are particularly grateful to our community and corporate volunteers who work tirelessly to maintain our community green spaces, meanwhile gardens and allotments. Groundwork Northern Ireland is committed to equality of opportunity between persons of different religious belief, political opinion, gender, marital status, disabillty, ethnic origln, age, dependants, sexual orientation or trade union membershlp. Groundwork Northern Ireland employed 14 people during the year 202312024, and worked with almost 100 volunteers OUR IMPACT Groundwork Nl has a long sustained history of working in the areas most affected by povety and deprivation. We have a high number of communities with which we have co-produced multiple projects. We access groups through a community developtnent approach engaging people in their area, ata time and venue that makes them feel comfortable. We aim to,, work where there is most need and we can have most Impact- prioritising our resources and building partnerships so that we can bring about lasting change > listen to local voices and empower people- ensuring our work Is shaped by those it is designed to benefit and strengthens community assets and infrastructure embed equity and inclusion in everything we do addressing injustice and seeking out a diversity of viewpoints, both in the work we do and the people we employ leam from local practlce to promote wlder change - sharing the lessons frorn our work so that we can influence policy and contribute to system change > be collaborative and innovative-forging strong partnerships and working with others to develop new ways of working and achieve greater impact be environmental exemplars - championing practical action to combat the climate and nature emergencies and measurtng and reducing our own environmental impact GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 OURWORK Our four community gardens, located in North, South, East, and West Belfast, contlnue to provide essential services to their local communities. We maintain an open4oor policy for anyone interested in volunteering. Through social media, printed materials, and word of mouth, we have steadlly attracted new participants and expanded our program through outreach and garden sessions. Some volunteers come through refe￿alS frorn mentsl health charities, while many othersjoln us through partnershlps with various organlsations, Our gardens are sltuated In low-lncome areas, and while it has taken time to introduce the local community to the idea of attending the gardens, significant progress has been made, Many locals are now involved in growlng, tasting, and learning about vegetables and healthy eatlng. The gardens provide a vital resource, not only for well-being but also for social networklng. For some of our service users, their weekly garden session is the only time they leave the house to socialize due to illness, Volunteers gain Gomprehensivè gardenlng experience, from sowing seeds and plant maintenance to harvesting and cooking produce. This holistic approach helps them understand the full cycle of plant care and the benefits of growing, enabling them to share this knowledge with new volunteers. The food produced in the gardens is shared among the volunteers, Wlth any surplus donated to local food banks and communities, who are encouraged to visit and help themselves. We collaborate with numerous community organisations to host events and activities in our gardens. For example, we partnered with Fighting Words Nl at Connswater Garden to develop sessions that combine written and spoken word poetry with the well-being benefits of gardening. We have also worked among others, with the Rainbow Project and have held 'pop-up workshops, for CHOICE Housing Association residents. We are building relatlonships with local businesses and offering corporate volunteering opportunities. In May for example volunteers from PWC Jolned us at Hyde Bank Garden for a day, helping to palnt beds, dig circles around trees, and create new artwork. GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 NORHTERN ALLOTMENTS AND COMMUNITY GARDENS The aim of this programme Is to enhance the he81th and well-being of the Public Health Agency's Northern locality population by making healthler cholces more aGcessible and fostering Sustainable communities through the creation, development, and maintenance of communSty . r. _"1 gardens and allotments. This year, the Northern allotments project benefited from the support of our New to Nature tralnee, whose enthu5iasrn and energy have significantly contributed to our efforts. We have continued to expand our presence '_*t'4. across the NHSCT geographical footprint by nurturing established relationships with groups such as the Scullery O'Tullagh and Harryville Men's Shed. Additionally, we have developed new partnerships with organisations like the Causeway Coast Down Syndfome Group and Carrlck Grammar School, and we are exploring potential collaborations with groups such as the Antrim Ladies Shed and the Veterans Support Group in Ballymena. This year, new Community projects included worklng with Women's Aid in Ballymena to enhance garden facilities for mothers and their children, as well as at the Sovereign Centre in Rathfem, County Antrim. Volunteers are essential to the ongoing support of the projects across the NHSCT geographical footprint. In conjunction with Volunteer Now, we hosted a successful Volunteer'open Morning, which resulted in four new volunteers jolning us. NEW TO NATURE Groundwork Nl supported seven New to Nature tralnees thls year, placed in environmental charities including National Trust, RSPB, Belfast Hills, Wildlife trust and Groundwork Nl. Th8 programme funded by the Heritage Lottery Fund and the Queens Jubilee fund, has enabled young people from diverse backgrounds have a 12-month paid worked placement, galning experience in the environmental sector. The placements with Groundwork, joined as horticultural assistants and provlded Groundwork with energy and enthusiasm, working in our gardens and In the local communities, supporting the delivery of projects. MEN'S SHEDS GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 We are delighted to see that the ne￿Ork of sheds supported by Groundwork Nl continues to Steadily increase year on year, wlth over 100 Sheds supported this year. This year, we supported sheds In coplng with the rlsing cost of1Sving through a small grant programme fundèd by the PHA, enabling them to keep their doors open. It was wonderful to see sheds coming together again for steering group meetings and visits to other sheds, which provided much-needed inspiration and networklng opportunitl8s. Sheds also participated in events organlsed by Groundwork Nl. Men's h8alth remains a top priority for us. Thls year, we organized sessions on diabetes, chronic pain, and dementla awareness. We also facilitated an infomation session on tackling loneliness, To Introduce sheds to the benefits of intergeneratlonal work and training, we connected them with Linking Generations, who delivered sessions and linked sheds with local schools. Thls initiatlve has encouraged sheds that do not typically work with younger generations to make these connections and broaden their impact on the community, BEACONS Our beacon programme provldes a safe, environmentally friendly alternative to traditional bonfires, enabling communities the opportunity to celebrate culture in a more inclusive and positive atmosphere. We provide beacons throughout the year, creating a unlfylng symbol in cèlebratlons of all types that bridge the communlty divide. This year we provided 15 Beacons in July and October In council areas. Including Mid & East Antrim and North Down & Ards CORPORATE TEAM DAYS Support from Corporate volunteers has increased this year with support from Veolia, Deloitte, Pwc, NBC and Kler. Volunteers have supported the upkeep of our community gardens, in addition to helping us support local charities with their outdoor spaces, such as collaborating with us at The Simon Communlty. WELLIES IN THE WOOD Wellies In the Woods is a new family learning programme that we add8d to our portfolio this year that works with parents and their children aged under five, Our Community Engagement Lead facilitatsd sessions almed at improving the families, confidence In outdoor and natural play, with all activities easy for the families to replicate at hom8 for little or no cost. We delivered the programme In conjunction with local family centres, that provided the famllies wlth a local point of contact and the centre employees gained the knowledge and confidence to continue running the programme when Groundwork Nl's involvement ended. GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 GRANT MANAGEMENT Groundwork Northern Ireland manages grant frjnds for a range of funders including Landfill Communities Funding. Our role is to allocate this funding in accordance with the funders objeclives whi18 ensuring that all grant applicants are treated fairly and equitably. The combined programmes currently have an annual income of approximately £500k that is held as restricted funds in separate bank accounts awaiting distribution to grantees. Our grant programmes enable us to deliver our mission to work with communities to enhance their lives, places and prospects, from the ground up by supporting groups with their applicatlons for funding and wlth the implementation of their projects, This year we continued to be oversubscribed on all our grant programmes, demonstrating the great need within our communities for financial support, especially for capital funding to Improve communlty facilllies. Our programme5 provide large and small 9rants for both revenue and Gapital and cover a range of themes. 13 The White Mountsin grant programme concluded this year, as the landfill site closed. This programme which has run since 2016, providing 290 grants across five counties, has supported biodlversity, sport, landscape and community facillties. The Aughrim grant programme continues to provide support to local communities within 10 miles of the landfill site and has provlded 26 grants with a value of £240,118.10 over the last 12 months, Groundwork Nl also supports the UK wide Tesco Stronger Starts Blue token grant programme, the programme administered by Groundwork UK, provides grants to local schools and community groups, Groundwork Nl provides local community enabler support, to local groups, helping them apply The last year the programme awarded 154 awards wlth the value of £178,663 to Communities across Northern Ireland. GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 2024 ACCOUNTS FINANCIAL REVIEW The results for the year 202312024 are set out on page 24 and the trustees consider the results for the year to be satisfactory. The awarding of grant funding dominates the ststement of financlal position. Specifically, there was a movement of £395,887 relating to grant payments awarded through the grant programmes, Aughrim and I￿lte Mountain, during the period. Sald grant funds were bank6d in the previous year and paid durlng thls financial period and it follows that the Charity's total incomlng resources for the year were dimlnished by this amount, Overall the incoming resources were £787,542 (of which £722,725 18 restrlcted Income) and the net movement in funds for the year amounted to a decrease of £692,249. Restricted fund8, representing income received for projects but not yet expended d6creased by £606,643 and a decrease of £85,606 was in respect of unrestricted funds, producing total fund balancè8 carried fonNard of £999,968. The restrictod funds carrled forward total £778,876. Unrestricted fund8 carrled forward totsl £221,092 . One of the key risks for the charlty continues to be sustaining unrestrlcted Income. We contlnue to develop plans to inject more dlverslty into our income sources. Princi al Restricted Fundln Private Sector Central Government Public Agencies Local Authorities Trusts and Foundations National Lottery Other £250,816 £37,872 £166,280 £113,069 £62,762 £36,425 £55.504 Princi al Unrestri Garfield Weston Prfvate Sector Public Agencies £17,500 £7,542 £9,883 Going Concern At the time of approving the flnancial statement8, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial stat8ments. Roserves Policy Reserves are that part of a charity's unrestricted income that is set aside to meet future, unexpected needs or pursue an opportunity- These funds are fre81y available to spend on any of the charity's purposes. They are not subject to commitments, planned expendlture and spending limits, Reserves do 10 GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 not include restricted funds or endowment funds, They exclude fixed assets and monies already designated for essential future spending. R8seNes will not be utilised without the prior approval of the Board. Groundwork Nl maintains reserves for the following reasons: To absorb short term setbacks such as loss or delays In fundlng To finance working capital needs, such as delays in receipts and to fund the time delays belween the development of projects, securing sUPPOrt, and the funds being received. To fund the working capital required to fund the usual retrospective nature of the programme funding whlch can result in considerable tlmlng dlfference be￿een expendlture and receipt of funds. To provlde fundlng to cover any unft)reseen downturn in activity, allowlng alternative activity to be generated andlor a planned down-sizing of activity. To respond to unexpected difficults'es or crisis. The Board of Trustees has decided that the Charity should aim to hold a minimum level of re5enies of thirteen weeks working capltal, which currently equ4tes to £297,000. Whilst the current level of unrestricted reserves is below thislgvel, the Trustees are working hard to ensure this level is reached and maintained in the future. In setting this level of reserve5, the Board considered.. The Charity's sources of income, how much of this income is general funds and can be used for any of the charity's purposes, including the costs of running the charity. The Charity's running costs, how much are direct operating costs and how much is discretionary spendlng whiGh the chadty could cut back, if needed. The costs of dissolution should the Charity be unable to continue, which will only be used in th8 event of the Board deciding that the charity should cease to exist, It will be used to pay notice periods, redundancies and the expenses of runnlng Groundwork Nl until closure of the organisatS0n. Monltorlng and Rovlow The Senior Management Team will provide a financial report to the Board on a quarterly basls, incorporating an update on the level of reserves, setting out what reserves are in the curient and previous years. This Board wlll.. Identify when monies from the reseples are used, so that they understand why they are needed. Consider whether a fall In reserves, to below the target level. has been caused by a short-term issue or whether a full review of the reseNes should be carried out. Consider whether a fall in reserves to below 10 weeks workin9 capital indicates financial problems within the Charity and if remedial action needs to be taken. Ensure that any major change5 in the charity's strategy or activities are reflected In the reserves policy. Ensure that any significant change in the reserves pollcy or levels of reserves held are reported in the Trustees, annual report. Review this policy annually. GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 Unrestricted funds do not include restrlcted resetves whlch can only be used In accordance with the 3ponsorfs funding agreement for pro9rammes of work, and therefore do not fomi part of the unrestricted reserve that is under the control of the Charity's Board. The Restricted Reserve balance of £778,876 as of 3141 March 2024 relates to unspent programme funding, mainly from the Grant Management Funds, which will be dispensed to grantees in fulure periods, The future movements on these restricted funds will reflect the long-term nature of the Charlty's programme activity and in no way reflects on the Charity's financial efficiency or performance, All incoming resources are recognised in the period in which they are received regardless of whether any associated expenditure has be8n incurred or not. Only in specific circumstances such as when the grant has been received in advance for expenditure whlch must take place In a future accountlng pèriod; or when the grant is dependent upon the fulfilment of a contract, aro grants deferred until the Charity becomes entitled to the resources. Investment Policy The majority of funds received by the Charity are restricted in nature and need to be kept as liquld as possible. Therefore, all funds are invested in low-risk charitable accounts with reputable banks where immediate access is balanced against available interest rates. The investment position of the Charity is reviewed by the Finance and Personnel Committee on an ongoing basis throughout the year. 12 GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DETAILS DIRECTORS Dr David Law Bob Van Geldere Jason Mclntosh Caroline Villar Rachel McKinny Rosalyn Kennedy Rebecca Dillon Gavln Nelson Alex Tennant Kerry McKittrick Allbhe Hlckey Brian Smyth Aileen Monahan Nic Stirk Joanne McGinley JJ Magee (resigned 28 November 2023) (resigned 3 April 2023) (resigned 30 July 2023) SECRETARY Sarah Reece-mills REGISTERED OFFICE 63-75 Duncairn Gardens Belfast BT15 2GB AUDITORS H?rbinson Mulholland Centrepoint 24 Ormeau Avenue Belfast BT2 8HS BANKERS Danske Bank 11-16 Donegall Square East Belfast BT15U8 HM REVENUE AND CUSTOMS CHARITY NUMBER: XR 22322 COMPANY REGISTRATION NUMBER: N1025852 CHARITY REGISTRATION NUMBER: NIC100017 KEY MANAGEMENT PERSONNEL: Chief Executive Officer Head of Operations Sarah Reece-mills Mark Johnston 13 GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governance Arrangements Groundwork Northern Ireland is a "not-for-profit. organisation and an independent Charity., one of many Groundwork Trusts operating throughout England, Wales and Northem Ireland, As a registered charity and company limited by guarantee, Groundwork Northern Ireland is governed by company and charity law and by The Statement of Recommended Practlce, Charities SORP second edition (FRS 102), issued by the Chariliés Commission in October 2019, The SORP sets out the accounting practices and disclosure required by charities in their annual accounts. The Trustees have followed its recommendations and applicable accounting standards in presenting these accounts. The company govemed by Its Artlcles of Association, which were last amended and adopted by Special Resolution on 1st December 2021. The liability of each member is limited to an amount not exceeding one pound (£11, The company has been recognised as a charlty by the Inland Revenue. Trustee Appointment and Chalr Groundwork Northern Ireland is governed by a Board of Trustees and Is comprised of eight elected members who are either individual members or representatives of affiliate members., all trustees are unpaid, Trustees are elected at Annual General Meetlngs for a period of three years, on retirement members are eligible for r6•nomlnation and election provided that no trustee serves more than three consecutive three-year terms on the Board. The Board of Trustees can co-opt as additional Trustees with particular skills andlor knowledge, up to one thlrd of the elected Trustee8. Co*OPted trustees hold office until the next Annual General Meeting and are then eligible for re-appointment. The Chairperson of the Board is elected at the Annual General Meeting for a period of one year unless r&elected by the Board. The trustees do not have any beneficial interest In the charitable company. On appolntment all Trustees go through an induction process and are provided with training specific to the role and activities that they will be required to undertake. In addStion, Trustees are kept up to date wlth any changes in governance requirements to ensure Ihey are aware of their obligations. Rèlated Part1è8 Groundwork Northern Ireland is a member of the Federalion of Groundwork Trusts. This relationship is formalised within a Membership Agreement, which is a bilateral agreement Jointly signed by the Trust and the Federation, setting out the guiding principles of the Federation, and the services, roles and responsibilities that the members and the Federation will provlde to each other. The Federalion is founding member of Groundwork Northern Ireland and as such is entitled to appoint a trustee to the Board. In addition to the Federation ofGroundwork Trusts the following are company members who are entitled to be or appoint a trustee to the Board.. Dery City and Strabane Dlstrict Coun¢ll Northern Ireland Housing Executive Dr David Law 14 GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 Management The Board of Trustees holds formal meetings at least four times a year. In this financlal year, the board has met formally 4 times. In be￿een these meetings, matters are progressed through the delegation of action5 to sub-committees of the board, and Officers of the Charity. Kay Re8pon8lbllltle8 Tru6tee8 The Board is responsible for major strategic and policy decisions and has ultlmate responslbillly for the conduct and financial viability of the Trust. The trustees meet four times per year to revlew the strategic and operational plans and budgets, The Board delegates the day to day financial and managerial control of the charity to the Chief Executlve Officer, and the senior management team, who meet on a monthly basis to review the financial and operational status of tha Charity. The followlng polnts outllne the key r8sponsibilltles of Trustees. agree the strategic direction and policy of the Charity. agree thè annua5 operats'ng and investment budgets. execute all legal responsSbilities in connection with the Charity. be aware of the content of the Charity's Artlcles of Assoclation In order to comply with the Charity Commission regulations. support the Chair in ensuring that the Charity is following best practic8 In terms of Its buslness rigour, provide expertise and insight into key areas of activity for the Charity; and represent the Charity when required. Trustees do not receive any remuneration associated with their role as a Trustee, except for the reimbursement for out-of-pocket expenses. Tru8tse Sub¢ommltt808 To support effectlve governance the Charity has operated with four Trustee Board sub-committees throughout the year: Finance & Personnel - to provide oversight and support on all financial and personnèl matters. Governance and Audit- to provide oversight and advice on matters of governance. Includlng scrutiny of key risks and mitigations and oversight of internal and external audit activity. Busines5 Development- to provide oversight and advice on business development opportunities. Each sub-committee is chaired by a Board member and all committee members are appolntsd by the Board. Terms of Reference foreach of the committees set down theirdelegated authority from the Board and limitation to that authority, The full Board of Trustees ratifies the Commiltees, decisions. R18k Management The Trustees a￿ responsible for the Charity's management of risk. Durin9 the year the Trustees actively monitored and discussed risk. This process included.. 15 GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 identifying the major risks facing the Charity. o assessing the likelihood and severity of the risks. reviewing the existing controls that the Charity had In place to mitigate the risks; and identifying and implementing any further actions required to limit risk. The Governance and Audit Committee revSew the rlsk register prior to presenting the top risks to the full Board for information and discussion. The Board have assessed the major risks to whlch the Charity is exposed, in particular those related to the business and finance functj'ons. The Charity recognises that risk managément is an essential part of good busine55 practice and an effective mechanism of good govemance. However. the Board also recognises that a risk management system can only seek to manage rather than elimlnate risk of failure, and that It should, therefore, be only one of the too15 that the Board uses to provlde effeGtlve control and management of the administration of thg charity, Inv88tm•nt Pollcy The majority of funds received by the Charity are restricted In nature and need to be kept as liquid as possible, Thereft)re, all funds are invested in low-risk charitable accounts with reputable banks where immediate access is balanced against available interest rates. The invostment position of the Charity Is reviewed by the Finance and Personnel Commlttee on an ongoing basis throughout the y8ar. OBJECTIVES AND ACTIVITIES Charltable Objects Our charitable objects as set down in the Articles of Association are.. To promote the conservation, protection and improvement of the physical and natural environment in the Island of Ireland (the Areal. To provide facilities In the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for those living in or working in or resorting to the Area. To advance public education in environmentsl matters and of the ways of better conserving, protecting, enhancing, Improving and rehabilitating the same wheresoever including that which relates to sustainable development and the prudent use of resources. To promote forthe public benefit, urban or rural regeneration in areas ofsocial and economic deprivation within the Area by all or any of the following means: l. the relief of unemployment and povety 11. the advancement of education, training or re-training particularly amongst unemployed people and providing unemployed people with work experience 111. the maintenance, improvement or provlslon of publlc amenlties, includlng the provision of routeways such as footpaths and cycleways and access to main transport routes IV. the reclamation of derelict land for use as open space V. the advancement, protection and promotion of health Vl. the promotlon of public safety and preventlon of crim8, including the allevi8tion of anti-social behaviour 16 GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 Vll. such other means as may from time to time be determined subject to the prlor wrltten consent of the Charity Commission for Northem Ireland To promote sustainable development by the promotlon of sustainable means ofachieving economlc and social growth 8nd regeneration for both the protection of the environment and the improvement of the conditions of life in socially and economically disadvantaged communlties. To promote the efficiency and effectiveness of the voluntary sector for the benefit of the publi¢ by the provision of information support and advice to local community-based groups to conserve protect and improve the physical and natural environment anywhere in the Area. Publlc Benèflt Groundwork Northern Ireland is part of the Federation of Groundwork Trusts in England, Wales and Northern Ireland. In Northern Ireland the Charity delivers programmes and seNiC8S in deprived areas throughout Northem Ireland and the border counties of the Republlc of Ireland. Groundwork Northern Ireland's approach and model brings about concurrent soclal, economlc and environmental benefits, providing the synergy to address fundamental societsl issues - the sense of powerlessness to change the envlronment and tackle key issues both in terms of the physical landscapè but more importantly, the needs of local people. We do thls by,. Engaging wlth local communities in consultation, design and implementation of improvements to their own areas. As a direct result we have helped to enhance local environments and have demonstrably increased the skills and capacity of local people to influence their own circumstances whether that is environmental, social or economic. Supporting local communities and working closely alongside other organisations and existin9 initiatives to help improve the quality of life for people living there. By providing training and support to help get people more involved in making decisions about where they live and to understand the benefits that sustainable development can brfng, we have enabled them to lead healthier lifestyles, get to know other people in their area or work wlth thelr nelghbours to reduce Crlme and the fear of crirne. Supportlng communities in transition from conflict and division to P8ace and prosperity by enabling the regeneration of contested and interfaGe neighbourhoods through building relationship at the local level on a cross-community basi5 and seeking investment in people and place, particularly economlc investment through capitsl and programme. Working in schools and wlth adults to illustrdte how individual actions can make a blg difference to immediate surroundings and thè global environment both now and in the future. We have helped schools to make better use of their playgrounds and have educated people to act more responslbly wlth regard to energy, waste, water and transport and to respect local places and other people. Helping unemployed people improve their employment prospects by preparing them for a career in the land-based industry or encouraging them to pursue further vocational qualifications. We have helped people to gain skills and experience in horticulture, while supporting their person81 development and facilitating their move to employment. Recognising that people, places and prosperlty are inextrlcably linked. we design projects that bring benefits for all three at once, thereby assisting in creating a broader and deeper understanding of the route to active citizenship, via shared public space. 17 GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES OF GROUNDWORK NORTHERN IRELAND IN RESPECT OF THE TRUSTEES, ANNUAL REPORT AND ACCOUNTS The trustees who are also trustees of the charity for purposes under the Companies Act 2006 are pleased to present their report with the financlal statements for the year ended 3181 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (FRS 102). The Board of Directors (who are also Trustees of Groundwork Northern for the Purposes of company law> are responsible for preparing the Annual Report and the financial ststements in accordance wlth appllcable law and regulations. Company law requires the Board of Dlrectors to prepare financial statements for each financial year. Under that law the Board of Directors have elected to prepare the financial statements in accordance wlth United Klngdom Generally Accepted Accounting Practice (United Kingdom Accounting Stsndards and applicable lawl. Under company law the Board of Dlrectors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charltable company and the income and expendlture of the ch8rit8ble company for that period, In preparing these financial statements, the Board of Directors are required to.. select suitable accounting policies and then apply them consistently observe the methods and prlnclples in the Charities SORP mak8 judgements and accounting estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed, subject to any material departures dlsclosed and explained in the financial statements prepare the financial statement5 on the going concern basis unless It Is inapproprfate to presume that the charilable company will continue in operation The Board of Direciors are responsible for keeping adequate accounting records that are sufficient to show and explain the charilable company's transactions and disc105e with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with Companies Act 2006, They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Board of Directors are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website, Legislation in the United Kingdom governing the preparation and dissemination of financlal statements may differ from legislation in other jurisdictions. Statement as to dl8closure to our auditors; In so far as the Board of Directors are aware at the time of approving our trustee's annual report.. There is no relevant audit information of which the charitable company's auditors is unaware,, and The Board of Dlrectors, having made enquides of fellow directors and the charitable company's auditor that they ought to have individually taken, have each taken all steps that helshe is obliged to take as a l8 GROUNDWORK NORTHERN IRELAND Report of the Trustees for the year ended 31 March 2024 dlrector In order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that infomiation. By order of the Board of Trustees Sarah Reece-mills Secretsry Date: 0411212024 19 GROUNDWORK NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF GROUNDWORK NORTHERN IRELAND Oplnlon We have audited the financial statements of Groundwork Northern Ireland (the 'charity') for the year ended 31 March 2024 which comprise the statement Of financlal activities, the balance sheet, the statement of cash flows and notes to the financlal st8lements, includlng slgnificant accounting policies. The financlal reportlng framework that has been applled In thelr preparatlon is applicable law 8nd United Kingdom Accountlng Standards, Sncluding Financial Reporting Standard 102 Tha Financi81 Reporting Standard applicable In the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Practlce). In our opinion, the financlal statements: give a true and fair view of the slate of the charltable company's affairs as at 31 March 2024 and of Ils Incomlng resources and appllcallon of resources, for the year then ended: have been properly prepa￿d in accordance wlth Unlted Klngdom Generally Accepted Accounting Practice,. and have been prapared In accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit In acGordance with International Standards on Auditlng (UK) (ISAS (UKI) and applicable law. Our responsibilities under those standards are further described in the AuditoRs rgsponsibilities for the 8udit of the financial statements section of our report. We are Independent of the charity in accordance with the ethlcal requlrements that are relevant to our audlt of the financial statements in the UK, including the FRC'S Ethl¢al Standard, and we have fulfilled our other ethlcal responsibilities In accordance wlth these requlrements. W8 belleve that the audit evidence we have obtained is sufficient and approprlato to provide a basls for our opinion. Con¢lu$lon$ rolatlng to golng cone•rn Ive have nothing to report In respect of the following matters in relation to ￿tCh the ISAS (UK) requlre us to report to you were". the directors, use of the golng concern basis of accounting in the preparation of the financlal $latemenis Is not approprfate,. or the directors have not disclosed in the financial statements any Identlfl¢d materlal uncertainties that may rASt significant doubt about the group's or the p8rent company's abilily to continue to adopt the going concern basis of accounting for a period of at 18a$t trNelve months from the date when the financial statements are authorised for issue. other Informatlon The other information comprises the Information included in the Directors, Report, other than the financlal Statements and our audltor's report thereon. The directors are responsible for the other informatlon. Our opinion on the financial statements does not cover the other information and, &x¢ept to the extent otherwise explicilly stated in our report, we do not express any form of assurance concluslon thereon. In connection with aur audll of the Ilnanclal statements. our responsibility is to read the other informallon and, sn doing so, consider whether the other information is materially inconsistent wllh the financial statements or our knowledge obtained in the audit or otherwise appears to be materially rnlsstated. If we Identify such material inconsistencies or apparent material misstatements, we are requlred to determine whether there is a material mlsstai¢ment In the financial statements or a matorlal mlsstatement of the other information. If, based on the work we have performed, we conclude that there18 a material misstatement of this other information, we ar¢ r6qulred to report that fact. We have nothing to report in thi5 regard. -20- GROUNDWORK NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GROUNDWORK NORTHERN IRELAND Oplnlon8 on other matter8 pr08crlbed by the Compan188 Act 2006 In our opinion, based on the work undertaken in the course of our audit: the Informatlon glven In the Trustees, report lor the finonc181 ye8r for whlch the financial stgtements are prepared, which Includes the dlrectors, report prepared for the purpose8 of company law, Is con8lstent with the financial statements- and the directors, report included within the Trustees, report has been prepared in accordance wlth applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of the knowledge and understanding of the Charitable company and 118 environment obtained in the course of tha audit, we have not identlfied materlal mlsstatements In the Strategic Report and the Dlreclors, Report. We have nothing to report in respect of the following matters in relation to which the Charitie5 (Accounts and Reports) Regulatlon$ 2008 requlre us to report to you If, in our opinlon: the Infomiatlon glvèn In tha finan¢lal statements Is In¢onslstent In any materlal r•spe¢t wlth the Tru81ees' report., or sufficient a¢countlng records have not been kept., or thé financlal statements are not In agreement with the accounting records., or we have not received all the information and explanations we require for our audit. Responslbllltles of Trustees As explained more fully in the statement of TruBtees' responsibilities, the Trustees, who are also the directors of the Charity for the purpose of company law, are re5pon5ible 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 financi81 statements that are free from material mlsstatement. whether due to fraud or error. In preparSng the financlal statoment$, tho Trustees are responsible for assessing the charity's ability to continue as going concern, disclosing, as appllcable, matters related to golng concern and uslng the golng concern bas18 of accounting unle55 the Trustees elther Intend to Ilquldate the charltable company or to cease operatlons, or have no realistlc 8ltemative but to do so. AudftO￿S responslbllltles for the audlt of tho flnanclal stat•ments Our objectlves are to obtaln reasonable 8ssurance about whether the financial statements as a whole are free from materfal mlsstatement, whother due to Ifaud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a hi9h level of assurance but Is not a guarantee that an audlt conducted In accordance with ISAS {UK) will alw8ys detect a material misstatement when it exists. Misstatements can arise from fraud or error and are Considered material if, individually or in the aggregate, they could reasonably be expected to influence the economlc declslons of users taken on the basis of these financial statements. A further description of our responsibilit188 18 avallable on th8 Flnanclal Reportlng Councll'8 web811e at: https.'Il .frc.org.uklauditorsresponsibilltie5. This description forms part of our audltorfs report. 21 GROUNDWORK NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GROUNDWORK NORTHERN IRELAND Our approach to identifying and assessing the risks of material misstatsment in respect of irregularitie8, Includlng fraud and non-compliance with laws and regulations, was as follows., the engagement partner ensured that the engagement team collectlvely had the approprlate competence, capabilities and skllls to identify or recognise non-compliance with applicable law5 and regulation5', we identified the laws and regulations applicable to the company through discussions with direclors andlor senior management. and from our commercial knowledge and experience of the Sector., le focused on speclfic law8 and regulatlons whlch we consldéred may have a dlrect materlal éffect on the financial statements or tha operations of the company, including Companies Act 2006, taxation legislation. data proteGtion, anti-bribery, employment, environmental and health gnd safety legislation • we 8ssessed the exlent of compliance with the laws and regulations identified above through making enquiries of management and Inspecllng18gal correspondence., and Identified laws and regulations were communlcated withln the audit team regulady and the team remalned alert to instances of non-compliance throughoul the audit. We assessed the susceptibility of the company's finandal statements to materlal ml$stat8ment, In¢ludSng obtalnlng an understandlng of how fraud mlght occur, by.. maklng enqulrles of managem8nt as to where they consldered there was susceptlbllity to fraud. thelr knowledge of actual, suspected and alleged fraud., and considerfng the intemal controls in place to mitigate rl$ks of fraud end non-compliance wlth 18ws and regulation8', T¢ address the rlsk of fraud through management blas and override of controls, we; performed an81￿1¢al procedures to Identlfy any unu8ual or un8xpect8d r8lationships- tested Journal éntrles to Identlfy unusual transactions., • assessed whether judgements and assumptions made in detemining the accounting eslimales set out in Note 2 were indicatlve of potential bias.. and investigat?d the rationale behind significant or unusual transactlons., In response to the rlsk of Irregularltles and non-compliance wlth law5 and regulatlons, we designed procedures which included. but were not limited to.. agreeing financial statement dlsclosures to underlying supporting documentation; reading the minutes of meetings ofthose charged with governance,, enquiring of management as to actual and potentlal Iltigation and claim8-, and revSewlng correspondence wlth HMRC and the company's legal advisors- There are inherent limitalions in our audit procedures described above. The more removed that law8 and regulations are from financial transaction$, lh¢ less Ilkely It Is that we would become aware of non-compliance. Audillng standards also limlt the audlt procedures requlred to identify non-compliance with laws and regulations to enqulry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatementB that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate conce81ment or collusion. -22- GROUNDWORK NORTHERN IRELAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GROUNDWORK NORTHERN IRELAND Use of our report This report is made solely to tha company's members, as a body, in accordance wlth Sectlon 391 of the Companies Ad 2014. Our audlt work has been undertaken so that we might state to the company's members those mattèrs we are requlred to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibillty to anyone other than the company and the company's members as body, for our 8udit work, for thls report, or for the opinion5 we have formed. Angela Cralgan FCA (Senlor Statutory Audltor) For and on behalf of Harblnson Mulholland, Chartered A¢¢ountants and Statutory Auditors Centrepolnt 24 Ormeau Avenue Belfast BT28HS 0411212024 Harbinson Mulholland is eligible for 8ppointment as auditor of the charlty by vlrtue of Its ellglbility for appointment as auditor of a company under section 1212 of the Companles Act 2008. GROUNDWORK NORTHERN IRELAND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Re$trlcted fund8 funds 2024 2024 Total Unre8trlcted Rostrlcted funds funds 2023 2023 Total 2024 2023 Noles ents from: Donatlon8 and legacies Charlla Grants recelved for distribution Othar chantable actlvltles Inveslments other Income 17,500 17.500 30,000 30,000 155,149 155,149 551,038 551,03e 39,775 540,223 27,353 579,998 27.353 7,542 9,883 769.916 17,137 779,799 17,137 8,740 7,542 8,740 Total Income 64,817 722,725 787.542 48.823 1,338,089 1,386,712 ndl Charltable acts'vits'e$ 139,168 1,340,623 1,479.791 82,483 1,675,463 1,757,946 Net outgolng rgsources before tran8for8 (74,351) (617,898) (692,249> (33,860) (337.374) (371,234) Gross Iransfers between fund8 <11,255) 11,255 Not •xpendlture for the yearl Net movement in funds (85,606) (606,643) (692,249) (33,860) (337,374) (371,234) Fund balances at 1 Aprll 2023 308,698 1,385,519 1,692,217 340,558 1,722,893 2,063,451 Fund balanco8 at 31 March 2024 221,092 778,876 999,968 306,698 1,385,519 1,692,217 The statement of financlal actlvltles includes all gains and losses recognised in the year. All Income and expendllure derive from continuing activities. The statement of financial activities also complies with the requirements for an Income and expenditure account under the Companies Act 2006. -24- GROUNDWORK NORTHERN IRELAND BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flxed a66ets Tanglble assets 13 466,325 482,781 Current assets Stocks Debtors Cash at bank and In hand 14 15 4,735 99,822 493.987 4,735 132,832 1,179,004 598,544 1.316,571 Credltors: amounts falllng du¢ wlthln one year 17 (55,148) (96,279) Net current assets 543.398 1,221,292 Total as88ts less current Ilabllltles 1.009,721 1,704,073 Credltors: amounts falllng due after more than one yoar {9,753) (11,856) Net assets 999,988 1,692,217 Income funds Restricted funds Unrestrlcted funds 778,876 221.092 1,385,519 306,698 999,968 1,892,217 -25- GROUNDWORK NORTHERN IRELAND BALANCE SHEET (CONTINUED) ASAT31 MARCH2024 Th8 company is entiued lo the ex¢mpUon Irom the audtt requlromont Mntsl￿d In sotXk)n 477 01 th¢ Compani9sAct 20[￿, for the yeAr endèd 31 March 2024, alihough an audli has be•n ¢arrfed out und•r $8¢tlon 65 of th8 ChirfUe5 Act (Nl) 2008 . The dlre¢tots a¢knowlodg# Ihttlr fa¥pon$lbifili8s for complw.ng wtth tho f•quw8m8nts of the c￿panieS A¢1 2006 wtth re¥)act to accounling reco￿$ arKI th¢ wep•￿110￿ of finBnoBI glAlemenl9. Th• mamb8rs hove not requlred th6 ¢ompony to obtsln on oudlt of Its finAnao1 stshmfjnts und•r th• Wur￿￿nts ofthe CompanlasAct 2006, for Iho y•ar In qu•$tlon wi a¢ttordan¢a 476. The8¥ fin?n¢lal stalem8nts havo begn prfjpargd tn a￿ordanC8 with th8 provisi¢7ns app to thè small Gompani88 r*gim8. ble tt> epmpanieg *Jblect 0411 24 Tha finand81 statemnts wore •pprov•d by lh• Tru$tMs Jason Mclnlosh Trusts• Oa Comp•ny r•gl$tratipn number N1025U52 GROUNDWORK NORTHERN IRELAND STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note5 Cash flows from operatlng actlvltl88 Cash absorbed by operatlons 21 <710,690) (610,295) Investlng actlvltle8 Investment Income recelved 27.353 17.137 Net cash ganerated from Investlng actlvltles 27,353 17,137 Flnanclng actlvltl•$ Repayment of bank loans (1,880) (1,966) Net ¢a$h u8ad In Ilnanclng actlvltles (1,680) 11,966) Net decrease In cash and cash equlvalonts (885,017) (495,124) Cash and cash equivalents at beginning of year 1,q79,004 1,674,128 Cash and cash equlvalents at end of year 493,987 1,179,004 -27- GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountln9 pollcles Charlty Informallon Groundwork Northern Ireland Is a prlvate company limited by gu8r8ntee inGorporated In Northern Ireland, The raglstered offlce is 63-75 Duncaim Gardens, Belfast, BT15 2GB. 1.1 Ac¢ountlng ¢onventlon The financial statements have been prepared in accordance wlth th8 charity's goveming document, the Companies Act 2006, FRS 102 "The Flnancial Reporting Standard appllcable in the UK and Republic of Ireland. {'FRS 102") and the Charltles SORP 'Accounting and Reportin9 by Charllies.. Slalement of Recommended Practice applicable to charllles preparlng thelr accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 1021" (effective 1 January 2019), The ¢h8rity is a Publlc Bon?fit Entity 88 defined by FRS 102. The financial Statements are prepared In sterllng, whlch Is the functlonal currency of the charity. Monetary amounts in these flnanclal statement8 are rounded to the nearest £. The financial statements have been prepared under the historlcal cost convention, modified to include the revaluation of freehold properties and to include investment propertl88 and certain financial instruments at falr value. The principal accounling policles adopted are set oul below. 1.2 Golng concern At the time of approving the flnancial statements, the Trustees have a reasonable oxpectation that the charity has adequate resources to contlnue In op&ratlonal existence for the foreseeable future. Thus the Trustees conllnue lo adopt the going concem basis of accountlng in preparing the financial Statements, 1.3 Charltable funds Unrestricted funds are avallable for use at the discretion of the Trustees In further8nce of thelr charilable objects'veg. Restricted fund5 are subject to speclfic conditions by donors or grantors as to how they may be used, The purpos0$ and uses of the restricted fund8 are 88t out In the notes to the financlal statements. Endowment funds are subject to specific condltlons by donors that the cgPIt81 must be malntalned by the charity. 1.4 Income Income is recognised when the charlty Is18gally entitled to It after any performance conditlons have been met, the amounts can be measured reliably, and it is probable that Income will be received. Cash donation8 are recognised on receipt. Other donations are recognlsed once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relatlon to donations received und8r Glft Aid or deeds of covenant is recogni5ed at the tlme of the donation. Legacle8 are recogni5ed on recelpt or othe￿6$¢ If the charty has been notified of an impending distribution. the amount 1$ known, and receipt is expectad. If the amount 18 not known. the legacy Is treated 8$ a contingent asset. -28- GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AGcountlng pollcles Icontlnuedl 1.5 Expendlture Expendlture Is recognised once there is a legal or constructive obllgatlon to transfer économlc benefft to a thlrd paty, it is probable that a transfer of e¢¢nomlc benefit8 wlll be requlred In Settlement, and the amount of the obligation can be measured reliably. Expenditure Is classlfled by actlvlty. The costs of each activity ere mede up of the total of dlre¢i costs and Shared costs, including support costs involved in undertaking each activity. Dlrect costs attrlbutable to a slngle activlty are allocatèd directly to that activity. Shared costs whlch contribute to more than one activity and support costs which are not attributable to a slngle actlvlty are apportloned between those activities on a bas1$ consistent wlth the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation chargas are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets ere initlally measured at cost and subsequently measured at cost or valuation, net of depreciation and any impalmi¢nt10$80s. Depreciatlon Is recognlsed so as to wrlte off the cost or valuation of assets less their residual values over th•lr useful lives on the followlng bases: Freehold land and bullding8 Plant and equlpment Fixtures and fittings Computers Motor vehlcles 19 150 15% 25Q 250 The galn or loss arising on the disposal of an asset is determined as the dlfference be￿een the sale proceeds and the carrying value of the asset, and is recognised in Ihe slatement of flnanclal activities. 1.7 Impairment of fixed assets At each reportlng end date, the charity revlews the carrying amounts of its tangible assets lo determine whethor there 1$ any Indlcatlon that those assets have Suffered an impairment loss. If any such Indication exists, the recoverable amount of the asset IB estimated in order to determlne the exlent of the Impairment loss (if any). 1.8 Stocks Stocks are stated at the lower of cost and estlmatéd 8elllng price less costs to complete and sell, Cost ¢omprl$8s dlrect materlals and, where applicable, direct labour costs and those overheads thal have b88n Incurred in bringing the stocks to their present location and condltion. Items held for dlstribution at no or nomlnal consideration are measured at the lower of replacement Cost and cost. Net realisable value is the estimated selling prl¢e less all estlmated c08ts of completion and costs to be incurred in marketing. selling and distrlbution. 1.9 Cash and cash equlvalents Cash and castt equivalents include cash in hand, deposlts held at call with banks, and bank overdrafts. Bank overdrafts are $hown wlthln borrowlngs In current liabllltles. -29- GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng pollclos (Contlnued) 1.10 Flnanclal Instruments The charity has elected to apply the provisions of Sectlon 11 'Ba8lc Flnanci81 Instruments, and Sectlon 12 'Other Financial In8irument8 Is$ue$' Of FRS 102 to all of its financial Instruments. FSnanclal Instrument6 are recogni88d in the charlty's balance sheet when the charSty becomes party to the contractual provisions of the in$trumenL Financial assets and 118bllllles are offset, ￿th the net amounts presènted In the financial statements, when Ihere1$ 8 legally enforceable rlght to set off the recognised amounts and there is an Intentlon to settle on a net bas1$ or to realise the asset and Bettle th8 liablllty 8lmultaneou$ly. Bas1¢ flnan¢lal assets Basic financlal assets, which include debtors 8nd cash and bank b•l•n¢es, ere initially measurad at transaction price Includlng Irensaction costs and are Subsequently carrled at amortised cost using the effeGIiv8 Interest method unless the arrangement constitutes a financing transactlon, where the transactlon is measured at the present value of the future recelpts dlscounted al a market rate of Interest, Financial assets classified as receivable v4ithin one year are not amortlsed. Bas1¢ flnanclal liabilities Basic financial liabllllles, Including creditors and bank loans are Inltlally recognised at transaction pric8 unles8 the arrangement ¢on$lltute$ a financing transaction, where the debt instrument Is me8sured at the present value of the future payments dlscounted at a market rate of Interest. Financlal Ilabllltles classified as payable thln one year are not amortlsed. Debt instruments are subsequently carded al amortlsed cost, uslng the effective interest rate method. Trade creditors are obligatlon8 to pay for goods or servlce5 that have b8en acqulred in the ordlnBry course of operations from supplSers. Amounts payable are classified as current liabilities If payment is due within one year or less. If not, they are presented as non-current liabilities, Trade GredStors are recognised initially at tran8actlon prlce and SLJb5equently measured at amortlsed cost using the effective inter8St method. Dere¢ognltlon of financial Ilabllltles Financial liabillties are derecognlsed when the charfly's Contractual obligations expire or are dl8char9ed or cancelled. 1.11 Employee beneflts The Cost of any unused hollday entitlement 1$ re¢ognised in the period In whlch the employee's service5 are recelved. Termination benefits are recognised immediately as an expense when the charity Is demonstrably committed to terminate the employment of an employee or to provide temiinalion beneflts. CritlGal accountlng estlmates and Judgements In the application of the charlty's accountlng pollcles, the Trustees ere required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readlly apparent from other sources. The estim8les and associated assumptions are based on historical experience and other factors that are consldered to be relevant. Actual results may differ from th888 88timates. The estlmates and underlying assumptlon8 are r6vlewed on an ongoing basis. Revl8lon8 to accounting estimates are recognised in the period in which the estimate Is revlsed where Ihe revision affects only that period. or in the period of the ravi8lon and future period5 where the revision affects both current and future periods. GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donatlons and legacles Unrestrlcted Unrestrlcted fund8 fund8 2024 2023 Gartleld Weston 17.500 30,000 Charitable actlvltles Charltable Charltsble Income Income 2024 2023 Community projects Land proJec18 other 540,223 155.149 39,775 767,802 551,036 11,997 735,147 1.330,835 Analysls by fund Unrestricted funds Restricted funds 39,775 9,883 895,372 1,320,952 735,147 1,330,835 Investments Unr•strl¢ted Restrlcted funds funds Total Restrlcted fund5 2024 2024 2024 2023 Bank interest receivable 27,353 27,353 17,137 31 GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other Income Unr•$trl¢t•d Unrestricted funds fvnd8 2024 2023 Room hire and other Incoma 7,542 8,740 Expenditur• on charltable actlvltles Charltablo activlties 2024 Charltsbl• activiti08 Z023 Direct costs Community projects Land proJe¢ts 209,104 739,599 486,636 859,971 948,703 1,346,607 Share of sUPPOrt costs1800 note 8} Support 531,088 411,339 1,479,791 1,757,948 Analysls by fund Unreslricted funds Restricted funds 139,168 1,340,623 82,483 1,675,463 1,479,791 1,757,946 -32- GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Gov•rn8n¢• costs costs 2024Support costs Govem8nce costs 2023 Staff costs Depreclatlon Membershlp Fees Other direct costs Accomodallon Administration Communlcation & IT Tralning and recruitment Marketing Professlonal fees Miscellaneous Finance charges 382,863 16,456 9,667 8,078 30,044 41,107 15,248 7,283 4,000 17,637 6,431 1,456 382,863 16,456 9,667 8,078 30,044 41,107 15,248 7,283 4,000 17,637 6,431 1,456 272,911 17,752 6,449 1,578 20,227 46,193 15,869 2,936 9.000 665 7,648 1,200 272.911 17,752 6.449 1,578 20,227 46,193 15,869 2.936 9,000 665 7,848 1,201 Audit fee8 Consultancy 6,000 4,818 6,000 4,818 6,000 2,912 8,000 2,912 520,270 10,818 531,088 402,427 8.912 411,339 Analysed betr￿en Charitabl8 activities 520.270 10,818 531,088 402,427 8.912 411,339 Governance costs includes payments to the auditors of £6,000 (2023- £6,000) for audlt fees. Not movemont In lund8 2024 2023 The net movement in funds Is slated after charglngl{credlting)= Fees payable for the audit of the charity's financlal statements Depreciation of owned tanglble flxed asset8 6,000 16,457 8,000 17,752 10 Trustee8 None of the Trustees (or any persons connected wlth them) recelved any remuneration or benefits from the charity during the year. 11 Employees The average monthly number of employee5 during the year was.. 2024 Number 2023 Number 14 -33- GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees (Continued) Employment C08ts 2024 2023 Wages and salaries Soclal securlty costs Other pension costs 302,665 19.135 11,388 301,829 22,950 10,846 333.188 335,626 The key management personnel of the ¢h8rity comprlsed the Chlef ExeCu￿ve Offlcer and the Director of Corporate Services. The total employee benefits of the key management personnel of the charlty were £81,559 (2023: £117,170). The number of employees whose annual r•mun8ration was more than £60,000 Is as follows., 2024 Number 2023 Number £60.001 to £70,000 12 Taxatlon The charlty Is exempt from taxation on its activities because all Its Income 1$ applled for charitable purposes. GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Stock8 2024 2023 Raw materials and consumable8 4,735 4,735 16 Debtor8 2024 2023 Amounts falllng due wlthln one year: Trade debtors Other debtors Prepayments and accrued income 49,818 41,594 8,410 119,591 5,114 8,127 99,822 132,832 16 Loans and overdraft8 2024 2023 Bank loans 13,006 14,68e Payable within one year Payable after one year 3,253 9,753 2,830 11,856 17 Cr¢dltors: amounts falling du& wlthln one yoar 2024 2023 Notes Bgnk loans other laxalion and social Security Trade creditors other creditors Accruals and deferred income 16 3.253 17,135 17.330 12,080 6,350 2,830 10,394 32,696 8,329 41,030 55,148 95,279 18 Cr6dltor8: amounts falllng due after mora than one year 2024 2023 Notes Bank108n$ 9,753 11,856 36- GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 R08trlct8d Fund8 Balance at 2023 Balance at 2024 Incom• Exponso Tran8fer LAND Alpha Programme Alpha - Links Counselling Service Alpha - Nl Muslim Family Association Alpha - CIYMS Cricket Club Alpha - Include Youth Alpha - L'Arche Alpha - Holywood Rugby Football & Crfcket Club Alpha - Mccrackwn Cultural Society Alpha - Roddy Mccorley Society Alpha- Lisburn RFC Alpha- St.Mlch881's GAC Magheralin Alpha - Via Wings Alpha - Ballybeen Improvement Regeneratlon Alpha - Crewe United Alpha - Ballymacash Sports Academy (PR) Alpha - Patrick Sarsfield GAC (PR) Alpha - Buglife Alpha - Dromore RFC Alpha - Glencare Communlty Group Alpha - Hearth Historic Building Trust Alpha - Hillsborough Presbyterlan ChurGh Alpha - Lagan Valley Youth & Community Group Alpha - RUC Athletic Association Alpha - Ballymacash Sports Academy Alpha - Holywood Cricket Club Alpha - Colin Valley FC Alph? - Provincial Grand Lodge Antrim Alpha - Shankill Lurgan Community Alpha- Springvale Tralnlng 178,338 (91,272) (48,227) 16631 38,174 50,171 (171) (50,000) 1,331 (1,331) 50,413 203 (5,615) (203) 144,799) 694 (694) 339 122 9.897 (339) {122) (897) (9,000) 50.509 479 (509) (50.000) 479 24,961 694 (561) <684) (24,400) (10) 569 589 389 9,539 25,489 (369) (539) (489) (9.000) (25,000) 319 (319) 525 (525) 5.890 (560) (5,330) 25,715 5,714 25.715 (728) (4,986) 60,000 51,000 25.305 (50,000) (50,000) (25,048) 1,000 257 25,357 (25,048) 309 25,409 24,761 (25,048) {24,340) 361 (421) -37- GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restrlcted Fund8 (Contlnued) Alpha - East Belfast Mission Alpha - O'oonovan Rossa GAC Alpha - Patrick Sarsfield GAC (PR) Alpha - RSPB Alpha - St John's GAC Alpha - St Paul's ABC Aughrim Landfill Tax Aughrim - Dromara Village FC Aughrim - Lisbum Scouts Aughrim - Na Magha CLG Aughrim - Larne FC Aughrim - Patrick Sarsfleld Aughrim - Derrygonnelly Harps GFC Aughrim - Hillsborough Presbyterian Church Aughrlm - Bushfoot Golf Club Aughrim - Gilford Racing Pigeon Society Aughrim - Powered by Sport (Love Hockey) Aughrim- Oldertleet Rowing Club Aughrim- Irish Football Ne￿Ork Aughrim- Slleve Gallion Community Pre-school Aughrim- Aghaloo O'Nelll's GAA Club Aughrim- Clann Na Banna CLG Aughrim - Crewe United Aughrim - East Belfast Mission Aughrim - Knawley GFC Aughrim - Llsburn BMX Club Aughrim - Lisburn Cricket Club Aughrim - Newtownbutler Flrst Fermanagh GFC Aughrim - Portadown RFC Aughrim- Dunloy GAC Aughrim - Dungannon United Youth CIC Aughrim- Banbridge RFC Aughrim- Lame RFC Aughrim - Ballynahinch RF Aughrlm- Coa O'Dwyers GFC Aughrim - Cralgavon City FC Aughrim - Shankill (Lurgan) Community Projects Aughrim - Mossley Dam & 3 Mile Water Angling Association 25,331 (25,048) (24,148) 283 800 24,946 25,591 23,24S 23,910 25,684 (56,645) (7,944) 25,591 800 23,910 811 59,962 {22,445) <24,873) (12,250) 231 {10,750) 128,857 7,713 10,750 10,750 10,750 214 10,750 (11,072) 322 (214) 10,750 {10,750) 750 10,750 (750) (10,750) 10,750 (40) (10.710) 10,320 (10,320) 750 8,772 (750) (8,772) 8,875 (8,875) 11,147 11,147 ,472 11,147 11,147 11,147 11,147 (397) (11,147) 1302) (11,147) (397) (11,147) (11.147) 10,750 8,170 10,750 11,126 11,126 8.790 1376) (376) (2971 10,750 10,750 8,493 8,048 9,920 11,018 11,126 11,124 10,993 (204) (335) (372) (378) (378) (372) 5,844 9,585 10,644 10.750 10.748 10,821 11,126 (376) 10,750 10,993 (372) 10,621 GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restricted Funds (Conunuedl Aughrim - Lenadoon Amateur Sports CIC Aughrim- Portadown Football Club Aughrim - CIYMS Cricket Club Aughrim - Sainffield Sports Club Aughrim - Belfast Hills Partnership Aughrim- Dromara GAC Aughrlm - St Johns Parish Church. Upper Kilwarlin Aughrim - Trillick Enterprise Leisure Ltd ESB Windfarm ESB Curryfree ESS Carrickmore ESS Crockagarran ESB Crockdun ESB Eglish 11,126 (376) 10,750 11,128 9,457 5,728 (3781 {320) (194) 10,750 9,137 5,534 9,457 11,126 (320) (378) 9,137 10,750 11,128 (376) 10.750 9,412 (60,132) 12,202 19,290 16,620 3,329 8,946 (318> (28,899) (7,060) (19,290) (16,620) (6,000> (15,351) 9,094 88.369 (5,142) 663 2,671 6,405 992,498 208,882 (796,478) 404,898 COMMUNITY Meanwhile Gardens 7 Brothers of St Patrick Duncalm Gardens Tesco Cornmunity Fund Inside Out Start Here Beacons ARCS New to Nature Clanmill Housing Associatlon Embrace Your Space Northern Allotments Mens Sheds Cultural Diversity Meanwhile Gardens 202312024 Wildlsles Campaign Dormant Accounts Young Men Leaders ofTomorrow Pop and Grow Workshops Corporate Volunteerin9 Pathway to Employment 2.242 1,750 319,550 (2,242> 1,750 315,700 (3,850} (16,692) 147,329) (24,804) {127,680} (8,239) (49,673) {4,350) (14,001) (42,801) (69,457) 16,692 33,146 29,615 123,680 21,763 7,187 5,000 7,580 11,998 1,000 8,239 (81) 55.092 4.350 5,338 13,744 970 9,716 879 257 41,831 70,723 10,982 879 429 56,138 6,250 36,425 12,522 11,500 6.639 11.388 (55,709) {8,333) {36,425) (1) (11,500) {6,389) (11,497) 2,083 12,521 250 109 -39- GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restricted Funds (Contlnued Northern Allotments 202412025 Meanwhile Garden5 5 (567) 567 94 94 382,719 513,843 {539,297) 11,255 368,522 FIXED ASSETS Ulster Garden Vlllages 10,304 (4,848) 5,456 10,304 (4,848) 5,456 Total Re8trlced In¢ome 1.385,519 722.725 (1,340,623) 11.255 778,876 Eo¢h restrlcted fund typo ¢an b• furthor descrlbed as follows: Education Groundwork Nl works In schools and with adults to illustrate how individual actions can make a big difference to Immgdlate surroundings and the global environment both now and In the fulurg. Th& Trust helps schools make better u88 of their playgrounds and educate$ people to act more responsibly with regard to energy, waste, water and transport and to respect local places and other people. Youth Groundwork Nl works with young people helps to IIIu8trate how Individual action5 can make a dlfference to the local and global environment. Teaching young people about their impact on the planet is th8 first step to changing individual's bohaviour for the longer term ben8fit. Employment Groundwork Nl asslsls unemployment and economically inactive people Into employment through the provlslon of a range of accredited training including hortlculture, land menagement, first aid, health and safety and manual handling. The participants galn valuable work experience and make constructive contributlon8 to local ommunities by delivering a range of small scale environmental improvements. Land Groundwork Nl engage$ wlth local communities in the consultation, design and implementation of irnprovements to thelr own area5. Not only does thls enhance local environmen16 but it also Increas¢$ the skills and capacity of loca5 paople to influence theSr own clrcumslances, whether that is environmental, social or economic. These projects are funded or part funded by the Landfill Communities Fund, whlch is made up of money generated from the landfill tax credit scheme. enabling landfill operators to clalm back a portion of landfill tax money to be used for the delivery of envlronmental proje¢ls. Communlty Groundwork Nl supports the local ¢ommunities and works closely alongslde other org8nisations and existing In5tlatlves to help improve the quallty of Ilfe for people living there. The Trust provldes Iralning and support to help get people more involved in making declslons about where they live and to understand the benefits that sustainable developm¢nt Can bring to their lives. Groundwork Nl Communlty Gardeners teach local communltl?s how to grow and Gook th8lr own food, thereby inspiring aduk and children allke to eat more heallhily. -4n. GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Unrestrlcted funds The unrestricted funds of the charfty comprise the unexpended balanc86 of donations and grants which aro noi Subject to specific conditions by donors and grantors a8 to how they may be used. These Include deslgnated funds whlch have been set a81de out ol unrestricted funds by the trustee8 for sp8clfic purposes. At 1 Aprll 2023 Incomlng Resources resources expended Transfers At 31 March 2024 General funds 306,698 64,817 {139,168) (11,255) 221,092 Prevlous year: At 1 April 2022 Incomlng rgsourc08 Resou￿0$ oxpended Transfers At 31 March 2023 General funds 340,558 48,823 (82,483) 308,698 21 Analysls of net a880ts betweèn funds Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Fund balances at 31 March 2024 are represented by.. Tangible assets Current asset$l{liabllltle8) Long term Ilabilities 141,319 89,526 (9.753) 325,006 453.870 466.325 543,396 (9,753) 152,927 165,626 (11,856) 329,854 462,781 1.055,885 1,221.292 (11,856) 221,092 778,876 999,968 306,697 1,385,519 1.692,217 22 Related party transactlons Transactions with related partles During the year the charity entered Into the followlng transactions with related partlos: Sal8 of servlces to r•lat•d party 2024 2023 Other related parties 86,766 24,000 86,788 24,000 -41 GROUNDWORK NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Relatod party transa¢tlon8 (Contlnued) Groundwork Northem Ireland Is a member of the Federation of Groundwork Trusts whlch 18 worklng with partners to Improve the quality of the local environment, the lives of local people and the success of local businesses In areas in need of investment and support. Each member trust has its own board of trustees and is supported by the natlonal and region81 offices of the Federation of Groundwork Tru8ts, The Federation of Groundwork Trusts Is ellgibl8 to have a nominated trustee on the board of the charlty. No trustee or other person relatèd to the charlty had any personal interest in any contract or transactlon entered into by the charity in the year. (2022.. Nil) 23 Cash goneratad from operatlons 2024 2023 Deficit for the year (692.249) (371,234) Adjustments for,. Investment incotne recognlse¢J In staiement of financial activlties Depreclatlon and impairment of tanglble fixed assots {27,353) 16,456 (17,137) 17,752 Movements in working capltal: {Increa8e)Idecrease in stocks Decreasel(increase) in debtors (Decrease) in creditor8 1.601 (10,340) (130.938) 33,010 (40,554) Cash absorbed by operatlons (710.690) (610,296) -42-