Company registration nurnber.. N1037440 Charity rcgistration number: NICI 00193 NorthDown Communityworks (A company limited by guarantee) Atmual Report and Consolidated Firwicial Statements for the Year Ended 30 June 2024
NorthDown Communityworks Contents Tn15tees' Report Ito4 Independent Auditor5, Report 5t07 Consolidated Siatement of Financial Activities Consolidated Balance Sheet Balance Sheet 10 Consolidated Statement of Cash Flows Notes lo the Financial Statement5 12to21
NorthDown Communityworks Trustees, Report (Including the Directorls Report) The Intee8. who are directors for the purposes of company law. present the annual report together the financial statements and auditors, report of the charitable company for the year ended 30 June 2024. Reference and Admlnistrative Details Charity Registration Number: NIC100193 Company Registration Number: N1037440 Registered Office: 3 Glenford Way Newlownards Down BT23 6TP Independent Auditor RBCA Limited Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG Trustee$ and Officer5 The tnleeS and officers serving during the year and since the year end w¢re 8$ follows: Mr A Beattie Mr J Mcclelland Mr R Craig Mr G Haire (appointed 4 September 2024) Ms L Duff (appointed 3 March 2025) Ms J Sterling (appointed 3 March 2025) Mr M Kennedy (appointed 3 March 2025) Ms J Bailie (resigmed 31 August 2024) Mr R Bell (resigned 20 August 2024) Structure* governance and maDagement Northdown Communityworks, which is registered as a ¢haiity with the Charity Commission for Northern Ireland, was incorporated as a company limited by guardniee in Northem Ireland on 29 Novemb¢r 1999, registration number N137440, with the objertive of UDdertaking cbaritable aclivilies for the b¢n¢fit of the inhabitants of Northern Ireland. In the event of the Company being wound up members are reqiiired to contribute an amount not exceeding £ l O each. The first trnstees were appointed by the members. Additional and replmcernent trustees are appointed by simple majority resolution of the board or members. Trustees do not have a tenn of office and are not subject to retirement by rotation or r¢-el¢ction. Page I
NorthDoivn Communityworks Trustees, Report (Including the Director's Report) Objeedves and aedvltles The objectives of the cbarity include- - The relief of povety - AdvanccmcTJt of education - Promoting thc welfaie of thc aged - Preservation and protection of health through the provisioll of counselling - Provision of facilities in the interests of social welfare In the past year the Trustees of Northdown Communityworks, its staff. volunteers and memb¢rs have remained committed lo developing the work of the charity and ensuring Illat the objectives of the charity are delivered on. The trustees remain cornrnitted to developing and promoting good governance as this allows us. and the entire team at Northdown Communityworks. our staff. volunleers, aiid members to deliver activities which meet our objectives. We remained committed to continual development of our policies, strategic plans And monitoring reports which are needed to ensure that Ihe standard of the work remains high and any areas for improvement can be properly identified. We have also continued work with oulside profe55i0nal organisations to deliver appropriate assistance for the members of the community. Staff, volunteers and trnslees are trained to ensure skilled services are delivered to members and to the wider community in line with our objectives as a charity. The direct benefits flowing from our pLpOSeS throughout the year are varied. They include. but are not limited to, those listed below. . We continued to deliver our range of food prograrnmes including the provision of breakfasts and lunches, and the community food hub. We continued in our parthership with the South-Eastern Regional College and other local providers to ensure the advancement of educalion locally. We provided placements for SERC in our kilchen overseen by our professional chef. and in Wear & Share to develop r6tail training. - We provided training for our volunteers and metnbcr5 which facilitated the advancement of education. We continued to deliver a range of drop-in 5erviccs. activity groups, inter-generational activities and events that promoted well_being and comTnuT]ity engagement. - We worked in partnership with Community Advice and Ards and North Down Bourgh Council to provide an advice service which meets a rdnge of our objectives. We provided a range of summer clubs and projects for younger people and their families which included a holiday lunch schen]e throughout the summ¢r and a range of aciivilies throughout th¢ year. We continued to deliver Wear & Share offering free clothing and household itetn5 ensuring that peoplo experieTJcing poverty and crisis could access clothing suitable for their immediate needs. Our Christmas prograrnme assisted families through the provision of toys. and our hamperlChristm&s voucher scheme provided assistance on a practical level. Our social supern]arket - Well Fed - was launched in conjunction with Ards & North Down Borough Council. This is a pilot scheme to undersland how best to meet the needs of our community. Users of the scheme have access to support services, in addition to a fi]Ily stocked supennarket. Page 2
NorthDown Communityworks Trustees, Report (Including the Director's Report} Overall, it was another busy year which developed, and evolved. the activities that the charity provides. The direct benefits flowing from these purposes iiiclude reducing the impact of social deprivation, addressing povety, providing wcll-balanced meals, improving educational OutCOn5. itnproving the health and quality of life of older people, improving mental health and family relatiotthips and improvcd physical and mental health outcomes. The charity also owns the entire share capital of Openhouse Enterprises Limited and Northdown Entewises Limited. both of which are cotnpanies registered in Northern Ireland. Strategic Report The following sections foT achievements and performance and financial review form the strategic report of the chaTity. Achievements alld perform4nre The Charity continued to provide oversight to affiliated chariti¢s and provide guidance and financial 5UPPOrt Whe appropriat¢. Northdown Enterprise5 Limited. one of the Charityls subsidiary undertakings, continued to deliver counselling services and personnel development services including the Independ¢nt Counselling Schools Service (ICSS) contract for post-primary schools throughout North¢rn Ireland for the Education Authority for Northern Ireland. It also provides counselling to approximately 40 primary schools as well as a large number of individual clients. During the year, this company assisted with donations to the parent company to enable it to achieve its charitable objectives. The tnjstees thank all those involved for their hard work in developing Communityworks. Reserves Poliey The tn]stees have not Set a minimum level of reserves highcr than the amount required for its fixed asset investments since all expenditure is currently dTscretionary. The tteeS regularly review the level of rcscrvc5 held and consider opportunities to apply thctn in line with, and in fiirtherancc of. its charitabl6 objcctivcs. Financial revie Incoming resources for Northdown Conununityworks and its Subsidiary Companies tolalled £3.129,816 compared to £3.036.712 for the year to 30 June 202), Wlth outgoing resources of £?.663,980 (£2.588.018 in 2023). At 31 March 2024 the group showed a consolidated net asset position of £2,505,669. Plans for future perlods The company plans to achieve sustainable growth in the coming year. They plan to build on the current successes in order that they nMintain and develop the range of services himed at serving the local community. Page 3
NorthDown Communityworks Trustees, Report (Including the Director's Report) Statement of trnstees, responslbilldes The trustees (who are also the directors of NorthDown Communityworks for the puOSe8 of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in thc UK and Rcpublic of Ireland" Company law requires the trustees to Prepare financial Statellnts for each financial year. Under company law the trustees 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 parent charitable company and the group and of the incoming resources and application of resources, including its income and expenditure. of the charitable group for that period. In preparing these financial statements. the Islee8 are required to.. select suitable accounting policies and apply them consistently" observe the metbods and pTinciples in the CbaTities SORP. make judgements and estimates that are re&8on&ble and prndenL state whether applicable accounting stsndards, comprising FRS 102 have been followed. subject to any material departures disclosed and explained in the financial statements" and prepare the financial statements on tbe going concem basis unless it is inappropriate to presume that the p?nt charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disc105e with reasonable accuracy at any time the financial position of the parenl charitable Company and the group and enable them to ensure that the financial slaiements cotnply with the Companies Act 2006. They are also responsible for safeguarding th¢ assets of the parent charitable company arjd the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The INstees are responsible for the maintenance and integrity of the corporate and financial infoTmation included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Disclosure of informatlon to Auditor Each tnjstee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish Éhat the charity's auditor is aware of that infotination. The trustees confirni that there is no relevant infornTrtion that they know of and of which they know the auditor is unaware. 30 Apr 2025 The annual report was approved by the trustees of the charity on .................... and signed on its behalf by: Mr A Beattie Ttee Page 4
NorthDown Communityworks Independent Auditor's Report to the Members of NorthDown Communityworks Opinion We have audited the financial statements of NorihDown Communityworks (the 'charitable parent ¢ompany') and its subsidiaries (the 'group') for the year ended 30 June 2024, which comprise the Consolidated Statement of Financial Activities. Consolidated Balance Sheet, Balance Sheel. Consolidated Statement of Cash Flows and Notes to the Financial Statements. including a summary of significant accounting polici¢s. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, cornprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion Ibe fmancial statements.. give a ttue and fair view of the stste of the group's and parent charity's affairs as al 30 June 2024 and of its incoming resources and application of resources. including its income and expendire, for the y¢ar then have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in a¢¢ordance with International Standards on Aiiditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are rther described in the auditor responsibilities for the audlt of the financial Stements sectioTh of our report. We are independent of the group irt accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Siandard, and we bav¢ fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slatement5, we have concluded that the truste¢5 use of the going concern basis of accoiinting in the preparation of the financial slalements is appropriate. Based on the work we have perfornied, we have not identified any material uncertainties relating to events or conditions that, individillY or collectively, may cast significant doubt on the group's ability to continue as a going ¢on¢ern for a period of at least twelve months from when the original financial statements were auihorised for issue. Our responsibilitie5 and the responsibilities of the tntee8 with respect to ooing concern are described in the relevant sections of this report. Other information The trustees are responsible for the other inforniation. The other information comprises Ihe inforniation included in the annual repor( other than the financial statements and our auditor's report th¢r¢on. Our opinion on the financial statements does not cover the other inforniation aTJd, except lo the extent otherwise explicitly slated iTJ our report, we do not express any fonn of assurance conclusion thereon. Page 5
NorthDown Communityworks Independent Auditor's Report to the Members of NorthDoivn Communityivorks In Connection with our audit of the fTnancial statements. our responsibility is lo read the other inforn)ation and, in doing so. consider whether the other inforniation is materially inconsistent with the financial statements or our knowledge obtained in the audit or othenvise appears lo be materially rnisstated. If we identify such material inconsistencies or apparent llterIal misstatements. we are required to deterniine whether there is a material misstatement in thc finanLial statements or a material misstatement of the other itrforllmtion. If, based on the work wc havc pcrfottncd, we conclude that there is a material misstatement of this other infonnation, we are required to report that fact. We have nothing to report in this rcgard. Opinion on other matter prescribed by the Companies Act 21)06 In our opinion. based on the work ulldertaken in the course of thc audit: the inforn)ation giv¢n in the and Tntees, Report for the financial year for which the fInancial statements ar¢ prcpared is consistent witb the financial statements; and the and Trustees, Report have been prepar¢d in accordance with applicable legal requirements. Matters on whlch we are required to report by exception Ln the light of our knowledge and understanding of the group and the parenl charitable company and its environrnent obtained in the course of the audiL we have not identified material misstatements in the and the TrLtees, Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting re¢ords have not been kept by the par¢nt chariiable company. or rebjrns adequate for our audit have not been received from branches not visited by us. or the parent charitable company firAancial statements are not in agreement with tlie accounting records and reDmis" or certain disclosures of trustees remuneration specified by law are noi n)ade' or we have not received all the infOrnOn and explanations we require for our audit. Responsibilities of trustees explained more fully in the Statement of trustees, responsibilities, the tSleeS are responsible for the preparation of the financial statements and foi being satisfied that they give a trne and fair view, and lor such internal control as the trustees determinc is ncccssary to enable the picpaiation of financial statcmcllts that are free from material misstatCTncnl, whether due to fraud or etroi. In preparing th6 fitwicial statements, the trustees are responsible for assessing the chatity's ability to continue as a going Lonccrn. disclosin& as applicable, matters relatcd to going concern and using the going concern basis of accounting unless the trnstees either intend to liquidate the charity or to ceasc operations, or have no Icalistic alternative but to do so. Auditor responsibilities for the audit of the fmanelAI statements Our objectives are to obtain reasonable assurance about whether the financial slatem¢nts as a whole are fre¢ from material mis$tatemen¢ whether due lo fraud or error. and to Issue an auditor'9 report that in¢lud¢s our opinion. Reasonable assurance 15 a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will alway5 detect a material rni55t&tement when it exists. Misstatements can arise froin frdud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to infliience the OnoMiC decisions of users taken on the basis of these financial slaternents. The extent to which our procedures are capable of detecting irregularilies. including fraud is detailed below: Page 6
NorthDown Communityworks Independent Auditor's Report to the Members of NorthDown Communityworks .Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or eOr. design and perform audit proeedures responsive to those risks, and obtain audit evidence tILat is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting & materi&l misstatement resulting from fraud is higher than for one resulting from ertor. as fraud may involvc collusion, forgery, intcntional omis510ns, misrepresentations. 01 the ovcrride of internal control. .Obtain an understanding of intcrnal control relevant to the audit in order to design audit procedures tbat ate appropTiate in the cirbumstances, but not for the purpose of expressing an opinion on the effectiveness of the intCTnal control. .Evaluate the appropTiatcncss of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. .Conclude on the appropriateness of the directors, use of the going conceTn basis of accounting and, based on the audit evidence obtaine& whether a mateTial uncertainty exist5 related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. Jf we conclude that a material uncertainty exists, wc are requtred to draw attention in our auditor's report to the related dtsclosure5 in the financial statements or. if such disclosures are inadequate. lo modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's reporl. However, future events or Gonditions may cause the company to ¢eas¢ to continue as a going concern. .Evaluate the overall preserttati0 structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. A further description of our responsibilities is available on the Financial Reporting Council's website at: Www.frc.org.uklailt0rsrespons1b1]itles. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable parent company's trustees, &8 a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undcrtaken so that we might state to the group's trustees those Tnattcrs we arc rcquired to stste to them in an auditor's report and for no other purpose. To the fullc5t cxtent PCTmitted by law, we do not acccpt or assume responsibility to anyone other than the charitable parent company and its trustees as a body. for OUT audit work, for this report, or for thc opinions we have fotmed. &,- S4 ¥y&r Biian Stewart FCA (Senior Statutory Auditor) For and on bebalf of RBCA Limited. Statutory Auditor Linenhall Exchange 26 Linenhall Sireet Belfast BT2 8BG 30 Apr 2025 Date-. Page 7
NorthDown Communityworks Consolidated Statement of Finaneial Activities for the Year Ended 30 June 2024 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2024 Total 2023 Restricted fulld5 Note Jncome and Endowments from: Donations and legacies Other trading activities Investment income 13.911 2,949,027 34,126 132,752 146.663 2,949.027 34,126 l57.736 2,870,861 8.115 Total income 2.997.064 132.752 3,129,8l6 3,036,712 Expenditure on: Costs of other trading activities Charitable activities Other expenditure {2.388.S68) (137.151) (1.668) (2,388,568) 1273.743) 11,668 (2.328,501) (257.944) (1,573) 7&8 (136,592) Total expenditure 2.527,387) (136.592) 2.663,979) (2.588,018) Net income/{expenditure) 469,677 (3.840) 465,837 448.694 Net movement in funds 469.677 (3,840) 465.837 448,694 Reconciliation of funds Total fimds brought foTward 2.031253 8.579 2,039.832 1,591.138 Total funds ¢arried fonvard 18 2.500,930 4.739 2.505,669 2,039.832 All of the group's activities derive from continuing operations during the abov¢ two periods. The funds breakdown for 2023 is shown in note 18. The notes on pages 12 to 21 fonn an Inte&[ part of these financial statements. Page 8
NorthDown Communityworks (Registration number: N1037440) Consolidated Balance Sheet as at 30 June 2024 2024 2023 Note Fixed assets Tangible astS 13 329,934 332.002 Current assets Debtor5 l4 15 697,619 2.064.381 2.762,000 736,954 1,631.293 2.368.247 Cash at bank and in hand Creditors: Amounts falliDg due wlthln one year 16 (584,309) (658,663) Net current assets 2,177.691 1.709,584 Total assets less current IfiAbllltles 2.507.625 2,041,586 Provisions 17 11,956) (1.754} Net assets ?.505,669 ? 039.832 Funds of the group: Re5trieted income funds RtrICted funds 4,739 8,579 Unre5tri¢ted income funds Unrestricted fvnds 2.500,930 ?,031.253 Total funds 18 2,505,669 2.039,832 These financial statements have been prepared in accordance with the provisions applicable to comparAies subject to the small companies regime. Id]ApF202sial statcments on pages 8 to 21 were approved by the trnslees, and authorised for issue on . and signed on their behalf by: Mi A Beattie Trustee The notes on pages 12 to 21 fonn an integral part of these financial Statements. Page 9
NorthDown Communityivorks (Registration number: N1037440) Balance Sheet as at 30 June 2024 2024 2023 Note Fixed assets Tangible assets InvestnntS 13 322.112 20,001 342,113 322,774 20.001 342.775 CurreDt assets Debtors Cash at bank and in hand 14 476,568 ,618,555 2,095.123 585.822 1,077,897 1,663,719 15 Credltors: Amounts falllng due wlthfin one year 16 33,235) (62.823) Net eurrent assets 2.061,888 1.600.896 Net assets 2,404,001 .943,671 Funds of the charity: Restricted income funds Restricted fun¢ls 4,739 8,579 Unrestrieted income funds Unr¢strict¢d funds 2,399,262 1,935,092 Total funds These financial statements have been prepared in accordance with the provision5 applicable to coiilpanies Subject to the srnall companies regime. 18 2,404,001 .943.671 AIv¥J54ai staternents on pages 8 to 21 were approved by the trustees, and authorised for issue on and signcd on their behalf by.. Mr A Beattie Trustee The notes on pages 12 to 21 fonn an integral part of these financial statements. Page 10
NorthDown Communityworks Consolidated Statement of Cash Flows for the Year Ended 30 June 2024 2024 2023 Note Cash flow$ from operating a¢tivitie$ Net cash income 465,837 448.694 Adjustments to cash flows from non4*sh Items Depreciation Interest receivable 12,490 (34,126) 12,445 (8.115) 1,066 1.573 (2.735) 4.503 457.431 Interest payable Taxation Income tax paid Accrued ¢xp¢ns¢sl(income) 1,870 (1.650) 2,053 446,474 Working capital adjustment5 D¢¢rease An debtors Decrease in creditor5 14 39,335 74.354 643,668 (502,095) 16 Net cash tIow5 from operating activities 411,455 599,004 Cash tlows from Investlng ACtlTrltles Interest received Acquisitions of tangible assets 34,126 110.422) 8.115 (327.139) Nel cash flows from investing activities 23,704 (319.024) Cash flows from financing activities Interest paid (1,292) Net incre&se in cash and cash equivalents 433,088 278,688 Casli and cash equivalents at l July 1,631,293 1,352.605 Cash and cash equivalents at 30 June 2,064,381 1.631,293 The notes on pages 12 to 21 fonn an integral part of these financial statement5. Pagell
NorthDown Communityworks Notes to the Financial Statements for the Year Ended 30 June 2024 I Charity status The charity 15 limited by guarantee, incotporxted in Northern Ireland , and consequently does not have share apital. Each of the trustees 15 liable to contribute an amount not exceeding £ l O towards the assets of the charity in the event of liquidation. The address of its registered office is: 3 Gleiiford Way Newtownards Down BT23 6TP 2 Accounting poti¢ie$ Summary of slgnifieant accounting policies and key ac¢ounting estlmates The principal accounting policies applied in the preparation of tliese financial statements are s¢t out below. These policies have been consistently applied to all the years presented, unless othenvise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charilie5: Statement of Recommended Practice {appli¢abl¢ to charities preparing their ac¢ouThts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (CIMrities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. B&sis of preparation NOrtIOWn Communityworkg meets the defLnitioTh of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterling, which is the nctional currency of the entity. The level of rounding is the nearest sterling. Basls of consolldatlon The ¢onsolidated financial statements ¢onsolidates the FanCial statement5 of the cbarity and its subsidiary undertakings drawn up to 30 June 2024. No statement of financial activities is presented for the charity as pennitted by section 408 of the Companies Act 2006. Page 12
NorthDown Cornmunityworks Notes to the Financial Statements for the Year Ended 30 June 2024 A 5ub5idiary is an entity controlled by the chariry. Control is achieved where the charity has the power to govern the financial and opernting policies of an entily so as to obtain benefits froin its activities. The results of subsidiaries acquired or disposed of during the year are included in the statement of financial activities from the etTective dale of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries lo bring their accounting policies into line with those used by the group. The piirchase method of aceounting is used to account for business Combinations that result in the acquisition of subsidiaries by the group. The eost of A business combination is measured as the fair value of the assets given. equity instruments issued and liabilities incurred or assumed at the date of ¢x¢hange, plus costs directly attributable to the business combination. IdentifLable assets acquired and liabilities and contingent liabilities assumed in a business combination are m&qsured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer's interest in the net fair value of the identifiable assets, labilities and contingent liabilities reco]Sed is recorded as goodwill. Inter-company transactions, balances and unrealised gains on transactions between the charity and its subsidiaries. which are related parties, are eliminated in full. Intra-group losses are also eliminated bul may indicate an impairnient that requires recognition in the consolidated financial statements. Accounting policies of subsidiari¢s have been changed where necessary lo ¢nsure consistency with the policies adop¢¢d by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately frorn the group's equity therein. Non-controlling interests consist of the amouDI of those interests at the date of the original business combination and the non-controlling shareholder's share of changes in equity STnce the date of the combination. Totsl comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests having a deficit balance. Going concern The lnl¢eS consider that there are no material uncertainties about the charity's abilily to continue as a going concern nor any Significant areas of uncertainty that affect the carrying value of assets held by the charity. Income and endowments All income is recognised once the charity has entitlement to ihe income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donations andgrartts Donations and grants are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation or grant is subject lo conditions that r¢quir¢ a level of perfomance by the charity before the charity is entitled to the nds, the income is deferred and not recognised until either those conditions are llY met, or the thlfilment of those condihons is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Page 13
NorthDown Communityivorks Notes to the Financial Statements for the Year Ended 30 June 2024 Expendlture All expenditure is recognised once there is a legal or constructive obligation to that expenditure. it Is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that catcgory. Where cost5 cannot be directly attributed to particular headings they have been allocated on a basis COTJSi5tcnt with the use of resources, with central staff costs allocatcd on thc basÈs of time Spent, PAlld depTCCidtion charges allocated on the portion of the asset's use. Other support costs ale allocated based on the spread of staff costs. Ruisingfmnds These are costs incurred in attracting voluntary income. the rnaDagement of investments and those incurred in trading activities that rdise funds. Charithble activities Charitable expenditure comprises those costs in¢urred by the chatity in the delivery of its activities and 5eTvices for it5 bcncficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Taxation The charity is considered lo pass the tests sel out in Paragraph I Schedule 6 of the FinatLce Act 2010 and therefore it nieets the definition of a Charithble company for UK corporation taK puoses. Accordingly, the harity is potentially exempt from taxation in respect of income or capital gains received within ¢ategories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, 10 the extent that such income or gains are applied exclusively to charitable poseS. Tangible fixed assets Individual fixed assets are Anilially recorded at cosL less any subsequent accutnulated depreciation and subsequent accumulated impaimient losses. Depreciation and amortisatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value. over their expected use1 economic life as follows- Asset class Fixtures and fittings Premises fit out costs Depreelation method and rate 200/., 250/Tr or 33.33 % Straight line IO/D Straigbt line Business combingtions Busines5 combinations are accounted for under the purchase method. Where necessary. adjustments are made to the financial stalelllents of subsidiaries to bring the accounting policies used into line with those used by tbe charily. AEI intra-group transactions. balances. income and expenses are eliminated on consolidation. In accordance with Section 35 of FRS 102. Section 19 of FRS 102 has not been applied in th¢se financial statements in respect of business combinations effected prior to the date of transition. Page 14
NorthDoivn Communityworks Notes to the Financial Sthtements for the Year Ended 30 June 2024 Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfomied in the ordinary course of business. Trade debtors aTC recogniscd initially at the transaction price. They are subsequcntly measured at amortised cost using th6 cffcctive interest method, le&s provi5iOJ] tor impairnient. A provision for the impairnient of tradc debtors is cstablished when there is objective evidence that the charity wll not be able to collcct all amounts due according to the original terms of the receivables. Cash and cydsh equivalents Cash and cash equivalents compri5c cash on hand and call dcposits, and other short-terni highly liquid investments that are readily Gonvertible to a knowm atnouut of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obli&iations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional ri7t, at the end of the reportlng period, to defer settlement of the creditor for at least twelv¢ months after the reporting date. If there is an unconditiODal right to defer settlement for at least twelve months after the reporting date. they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest ftnethod. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing bOowingS are subsequently carried at amortised cost, with the difference between the proceeds. net of transaction costs, and the amount due on redemption being reeognised as a cbarge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similat charges. Bortowings are classified as current liabililics unless the charity has an unconditional Tight to defer settlement of the liability for at least twelve months after the reporting date. Provision5 Provisions ale recognised when the charity has an obligation at the reporting date as a result of a past evenL it is probable that the charity will b¢ r¢quired to settle ihat obligatiotL and a reliable estimate can be made of the amount of the obligation. Fund structure Unrestricted income fvnds are general ndS that are available for use at the trustees discretion in furtherance of the objectives of tbe clwity. Restri¢ted ineome funds are those donated for use in a particular area or for specific purposes. the use of which is restricted to that area or purpose. Page 15
NorthDown Communityworks Notes to the Financial Statements for the Year Ended 30 June 2024 Financial instrumènts A financial asset or a financial liability is recognised only when the enlLty becomes a party to the contractual pmvisions of the instrument. Basic finaneial instnjments are initially recognised at the amount Teeeivable or payable including any related ITansaction costs. unless the angement constitutes a financing transaction. where it is recogDised at the prescnt value of the future Pallents discounted at a market late of interest for a similar debt instrument. Current assets and Current liabilities are subsequently rneasured at the cash or other consideration expected to be paid or received and not discounled. Debt instruments are subsequently measured at amortised cost. 3 Share capital The charity does not have any shaT¢ capital and is limited by guarantee. 4 Income from donations and grants Unres¢rlc¢ed fund5 Restrlcted fund5 Total 2024 Total 2023 Donations and grants 13.911 13,911 132,752 132.752 146.663 146.663 157.736 157.736 S Income from other tr4ding a¢ilvltle8 Unrestricted funds Total 2024 Total 2023 Northdown Enterprises Ltd 2.949,027 2.949.027 2.949,027 2.949.027 2.870.861 2.870.861 6 Investment income Unre5trieted funds Total 2024 Total 2023 Bank interest receivable 34,126 34,126 8.115 7 Expenditure on charitable activities by fund type Unrestricted rund5 Restrlcted funds Total 2024 Charitabl¢ activities 137,151 136.592 273.743 Page 16
NorthDown Communityworks Notes to the Financial Statements for the Year Ended 30 June 2024 Unrestricted fuDd$ Restricted funds Total 2023 Charitable activities 123,506 134,438 257,944 8 Expenditure on charitable actlvldes by activity type Actlvity undertaken directly 2024 2023 Charitable activities 273,743 273.743 257.944 9 Costs ofother trading adivitles Unrestricted funds Total 2024 Totvdl 2023 Northdown Enterprises Ltd 2.388,568 2.388.568 2.388.568 2,388.568 2,328.501 2,328.501 10 StY4ff costs Tbe aggregate payroll costs were as follows: 2024 2023 Wages and salaries 2,108,822 2,093,401 The monthly average number of persons (including senior manag¢m¢nt I leadership team) employed by the gryoup during the year expressed as 1] time equivalents was as follows: 2024 2023 Total numbers of employees 136 135 No employee received emoluments of more than £60,000 during the year (2023: Nil). Page 17
NorthDown Communityworks Notes to the Financial Statements for the Year Ended 30 June 2024 I l Trustees remuneration #nd expenses No remuneration was received by the trustees in respect of their role as trustee. However one of the trustees Ms J Bailie received remuneration from the group for professional services rendered in these companies. Additionally, Mr A Beattie undertook work on a invoiced basis. The total payments made to both tStetS during the year totalled £J2.175. 12 Taxatlon The group is a registered charity and is therefore exempt from taxation. 13 Tangible fixed assets Group Land and bulldfings Furniture and equipment Premlses fit out cost5 Total Cost At l July 2023 Additions 315.000 89.384 10.422 28.361 432,745 10.422 At 30 June 2024 315,000 99.806 28.361 443,167 Depreeiation At l July 2023 Charge for the yeaT 72,382 12.490 28.361 100.743 12,490 At 30 June 2024 84,872 28.361 113,233 Nei book value At 30 June 2024 315.000 14.934 329.934 At 30 June 2023 31S.000 17.002 332.002 Page 18
NorthDown Communityworks Notes to the Financial Statements for the Year Ended 30 June 2024 Charity Land and bulldfings Furniture and equipment Total Cost At l July 2023 Additions 315,000 16,676 5,20.1 331,676 5.203 At 30 June 2024 315.000 21,879 336.879 Depreciation At l July 2023 Charge for tbe ye 8,902 5.865 8,902 5.865 At 30 Jun¢ 2024 14.767 14.767 Net book value At 30 June 2024 315.000 7,112 322.112 At 30 June 2023 315.000 7.774 322,774 14 Debtors Group Charity 2024 2023 2024 2023 Trade debtor5 Due from gryoup undertakings Prepayments Other debtors 672.890 688,579 18.886 453284 4,398 534,774 19.142 31,906 585,822 23,972 757 697,619 13,542 34,833 736,954 476.568 IS Casb and ¢a$h equivalents Group Charity 2024 2023 2024 2023 Cash at bank 2,064,381 1.631.293 1,618,555 1,077,897 Page 19
NorthDown Communityworks Notes to the Financial Statements for the Year Ended 30 June 2024 16 Creditors: amounts falling due within one year Group Cbarity 2024 2023 2024 2023 Trade creditors Trading subsidiary corporation tax payable Oiher tsxalion and social security Other creditors Accruals 61.097 58,826 23,233 31,011 1,581 171,814 10,608 339,209 584,309 1,563 171,688 403.393 25,193 658.663 1207 1.029 7,766 33,235 6.616 25.196 62,823 17 Provision$ Delerred tax Ai July 2023 Movement 1,754 202 At June 2024 1,9S6 18 Funds Balance at l July 2023 Incoming r¢$ources Resources expended Balance at 30 June 2024 Unrestricted funds Restrlcted funds 2,031253 8,579 2,997,064 132,752 {2,527,387) 136.592) 2,500.930 4.739 Total funds 2,039,832 3,128,707 (2.663,979) 2,505.669 Balance at l July 2022 In¢omlng resourees Resources expended Balance at 30 June 2023 Unrestricted funds 1,588,946 2,192 2,895,887 140,825 (2.453,580) (134.438) 2,031,253 8,579 Restricted funds Tot#1 fund$ 1.591.138 3,036.712 12.588,0181 2.039,832 Page 20
NorthDown Communityworks Notes to the Financial Statements for the Year Ended 30 June 2024 19 Analysis ofnet assets between funds Group Unrestricted funds Restricted funds Total funds at 30 June 2024 Tangible fixed assets Curreni assets 326.809 3,125 1,614 329.934 2.760,386 (584,309) (1,956} 2,500,930 2.762,000 (584,309) (1,956) 2,505.669 Current liabilities ProvisioDS Totsl net assets 4.739 Unrestrlcted funds Restricted funds Total funds at 30 June 2023 Tangible fixed assets Current assets 332.002 332.002 2,368.247 (658.663) (1.754) 2.039.832 2.359.668 (658.663) (1,754) 2,031,253 8,579 CuTrent liabilities Provisions Total net assets 8.579 20 Analysis of net funds At l July 2023 Cash flows At 30 June 2024 Cash at bank and in hd 1.631.293 433,089 2,064,382 Page21