THE NORTHERN IRELAND AGORAPHOBIA
AND ANXIETY SOCIETY
(Company Limited by Guarantee)
FINANCIAL STATEMENTS 31 MARCH 2024
Company Registration Number N1027971
Registered with The Charity Commission for Northern Ireland NIC100254

THE NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Contents
Page
Company information
Trustees. report
Independent auditors, report
statement of financial activities
(incorporating the income and expenditure account)
10
Balance sheet
11
Notes to the financial statements
12

THE NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Company Information
Registered Charity name
The Northern Ireland Agoraphobia and Anxiety Society
Charity number
NIC100254
Company registration number
Nl 027971
Registered office
25-31 Lisburn Road
Belfast
BT9 7AA
Trustees
Mr K S Brundle- Chair
Mr J McGregor- Vice Chair
Mr M Dawson
Mrs A Dunn
Mr T Hopkins
Dr P McLoughlin (resigned 22 April 2024)
Mr J Melvin
Mr O Paulin
Mrs N Roche
Mr J Rance
Secretary
Mr O Paulin
Auditors
Moore (Nl) LLP
Chartered Accountants & Registered Auditors
Donegall House
7 Donegall Square North
Belfast
BTI 5GB
Bankers
Bank of Ireland
University Road
Belfast
BTI 1NA
Solicitors
Murphy O'Rawe
Scottish Provident Buildings
4th Floor
7 Donegall Square West
Belfast
BT16JF

THE NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Trustees, Report
The Trustees have pleasure in presenting their report and the financial statements of the Charity for the year ended
31 March 2024
Objectives and Activities
The objectives for which the charity was established 8re'.-
The relief and rehabilitation of those suffering from Agoraphobia. Anxiety and all other Phobias within Northern
Irel8nd.
To promote and undertake research into the Special Problems of Agoraphobia, Anxiety and all other Phobias
within Northern Ireland and publish the useful results for the public benefit.
To advance the education of the public in Northern Ireland in all aspects of Agoraphobia, Anxiety and all
Phobias.
To promote the rehabilitation. training and care of those persons aforementioned including the provision of self-
help groups.
In the furtherance of these objectives, Praxis Care provided relief to those suffering from Agoraphobia. Anxiety and
all other Phobias through Praxis Care's provision of Cognitive Behavioral Therapy to clients referred to the
counselling service for support.
Principal Activities
Praxis Care withdrew from the provision of counselling services in 2021
Plans for Future Periods
The charity has no future plans to recommence the provision of therapy sessions and as such plans to dissolve the
charity.
The Trustees
Mr K S Brundle- Chair
Mr J McGregor- VI￿ Chair
Mr M Dawson
Mrs A Dunn
Mr T Hopkins
Mr P McLoughlin (resigned 22 April 2024)
Mr J Melvin
Mr O Paulin
Mrs N Roche
Mr J Rance
Structure, Governance and Management
Governin
Document
The charitable company is limited by guarantee, not having a share capital. It is registered in Northern Ireland
(registration number: Nl 027971) and is registered with The Charity Commission for Northern Ireland (reference
number: NIC100254)- It is governed by its Memorandum and Articles of Association.
The Charity operates according to the principles outlined in The Code of Good Governance. The Governance
Committee monitors compliance and identifies actions and completion dates for any issues identified.

THE NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Trustees, Report
Recruitment and A
ointment of Trustees
New members are identified eithervia a formal recruitment process or recommendation. As part of the recruitment
process, potential Trustees may be co-opted onto the Board and invited to attend meetings as an observer before
formal appointment at the AGM.
Trustees, Terms of Offfice
A formal Terms of Office policy ensures a balance be￿een continuity and renew81. Trustees serve for an initial
period of 3 years, wilh an option to serve a further 2 periods of 3 years. The Nominations Committee is progressing
a succession plan to ensure the Board has the necessary skills and experience.
Trustees meet with the Chair of the Board and Chair of the Governance Committee annually to review their position
and contribution and provide feedback on their experience as 8 Trustee.
Trustee Induction and Trainin
New Trustees have an initial meeting with the Chair of the Board and the Chief Executive and are briefed on a
range of issues to provide a full introduction to the organisation. governance, its decision making process, its
strategic and business plans and its recent financial performance. Information is provided on the roles.
responsibilities and legal obligations as Company Directors and Charity Trustees.
Conflict of Interest
Trustees are required to complete a Conftict of Interest Form on appointment. This is held on file by the Executive
Office and is updated annually with members also required to advise of any conflict that may arise in the intervening
period. "Conflict of Interest" is a standing item on the agenda for all Board and Committee meetings with any
declaration formally recorded.
anisational Structure
Praxis Care Group
Praxis Care Group comprises Praxis Care,. The Northern Ireland Agoraphobia and Anxiety Society. and Challenge.
A Northern Ireland Charity for People with Learning Disabilities Limited. Praxis Care Limited is the parent company
and the Board of Trustees of Praxis Care are responsible for the Group's overall strategic direction.
The Praxis Care Board operates as detailed in the governing document for the Charity, its Memorandum and
Articles of Association. The day-to-day operations of the group are delegated to the Chief Executive and the Senior
Leadership Team.
The Board has established a number of Committees to support in the areas below..
The Finance Committee meets monthly to monitor financial performance of the organisation.
Membership: Christian Mcmanus (chair), John Melvin, Jacinta Walsh, Chris Scott
The Governance Committee meets bi-monthly to oversee all governance matters relating to the organisation
including IT and Health and Safety.
Membership.. Oswyn Paulin (chair), Mike Dawson
The Property Committee meets bi-monthly and oversees the strategy, development and managementofall Praxis
Care properties.
Membership: Tim Hopkins (chair), Stewsrt Harrington
The HR Committee meets bi-monthly to review and make recommendations to the Board on strategic HR and
L&D issues. including management and leadership development, succession planning and remuneration.
Membership: Mike Dawson {chair), Mary Mccolgan

THE NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Trustees, Report
The Care and Development meets bi-monthly to oversee the care operations of the organisation and review
development opportunities.
Membership.. John McGregor (chair), Alyson Dunn, Brendan Mullen
The Nominations Committee meets to review the structure, size and composition (including the skills, knowledge.
experience and diversity) of the Board and its Committees and make recommendations to the Board on new
appointments.
Membership.. Ken Brundle (chair), Oswyn Paulin, Jacinta Walsh
The Research and Innovation Committee, chaired by Jason Rance, meets to facilitate the development of new
and innovative evidence-based social care and support services, interventions and training through the
dissemination of research and knowledge.
Membership.. Jason Rance (chair), Nevin Ringland
While various responsibilities have been delegated by the Board to the Committees. each Committee remains
accountable to the Board. Each Committee comprises at least two Non-Executive Members. who work in
partnership with the Senior Leadership Team and other relevant staff, to discharge the responsibilities of the
Committee.
Non-Executive Members appointed by the Board to each Committee are independent of management and free of
any business or other relationship which could materially interfere with the exercise of independent judgement in
this area.
Trustee Attendance at Board Meetings. 2023-24
Trustee
Meetings
attended
Outofa
possible
Ken Brundle
Oswyn Paulin
Alyson Dunn
John McGregor
Ambrose McLoughlin
Mike Dawson
John Melvin
Noreen Roche
Jacinta Walsh
Mary Mccolgan
Tim Hopkins
Jason Rance
Rlsk Management
Praxis Care operates a Governance Committee set up in response to SORP 2000 and the Turnbull Report as a
vehicle for managing risk. The Committee oversees all governance matters relating within Ihe context ofthe overall
responsibilities of the main Board which cannot be delegated as outlined in the document'matters reserved for the
Board" The Risk Management Policy and Risk Register evaluate the likelihood and severity of potential risks and
the systems that are in place to mitigate exposure to these risks. The register is reviewed by the Governance
Committee at every meeting with changes in the risk profile reported to the Board at every meeting. The Board is
satisfied that appropriate steps are being taken to mitigate exposure to risks identified.
Related Parties
The charity has no related parties except those included under the 'Praxis Care Group, as defined above.

THE NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Trustees, Report
Financial Review
Results
The organisation had no trading activities in the year with total incoming resources of £nil in 2024 which was the
same as 2023. The organisation generated a negative financial outcome for the period with a net decrease in funds
of £600 (2023.. £7,609 deficit).
Investment Powers and Restrictions
Under the Memorandum and Articles of Association, the charity may invest monies not immediately required for its
purposes in or upon such investments, securities or property, as may be thought fit, subject nevertheless lo such
conditions and such consents as may, for the time being, be imposed or required by law and the charity's Governing
Document.
Reserves
The Board of Trustees has established a policy whereby the unrestricted funds not committed or invested in
tangible fixed assets ('the free resources,) held by the Charity should be four months of the unrestricted resources
expensed, which equates to £2,400. At present the free reSoUr￿S need to grow by £527,389 to meet the target
level. The Trustees of Praxis Care have agreed to provide any necessary ongoing financial and operational support
to sustain the charity for the foreseeable future.
Responsibilities of the Trustees
Company law requires the Trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the Charity at the end of the year and of the incoming and outgoing resources for
the year then ended.
In preparing financial statements, the Trustees are required to select suitable accounting policies and then apply
them consistently, making judgements and estimates that are reasonable and prudent. The Trustees must also
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity
will continue its activities.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at
any time the financial position of the Charity and which enable them to ensure that the financial statements comply
with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 and
SORP FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies
Act 2006. The Trustees are also responsible for safeguarding the assets of the Charily and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included
on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of the
financial ststements may differ from legislation in other jurisdictions.
Statement of dlsclosure to auditors
In so far as the Trustees are aware..
there is no relevant audit information of which the Charity's auditors are unaware., and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant
audit information and to establish that the auditors are aware of that information.

THE NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Trustees, Report
Small company exemptions
This report has been prepared in accordance with the special provisions for small companies within Part 15 of the
Companie5 Act 2006.
Signed on behalf of the Board
Chair
Mr K S Brundle
Date: 28 November 2024
Registered office-
25-31 Lisbum Road
Belfast BT9 7AA

THE NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Independent auditor's report to the members of The Northern Ireland Agoraphobia and
Anxiety Society
Opinion
We have audited the accounts of Northern Ireland Agoraphobia and Anxiety Society for the year ended 31 March
2024 which comprise the Statement of Financial Activities, the Balance Sheet and the notes to the accounts,
including a summary of significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting
Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice}-
In our opinion the accounts:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources. including its income and expenditure, for the year then
ended.,
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 accordance with International Standards on Auditing {UK) {ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the accounts section of our report. We are independent of the Charity in accordance with the ethical
requirements that are relevant to our audit of the accounts in the UK, including the FRC'S Ethical Standard. and
we have 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.
Emphasis of matter- basis of preparation I financial statements prepared on a basis
other than going concern
We draw attention to Note 1 to the financial statements which explains that the trustees intend to liquidate the
company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in
preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than
going concern as described in Note 1. Our opinion is not modified in respect of this matter.
Other information
The other information comprises the information included in the annual report, other than the accounts and our
auditor's report thereon. The Trustees are responsible for the other information. Our opinion on the accounts
does not cover the other information and. except to the extent otherwise explicitly stated in our report, we do not
express any form of assurance conclusion thereon.
In connection with our audit of the accounls, our responsibility is to read the other information and, in doing so,
consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in
the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to determine whether there is a material misstatement in the accounts or
a material misstatement of the other information. If, based on the work we have performed, we conclude that
there is a material misstatement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit-
the information given in the Trustees, Report for the financial year for which the accounts are prepared is
consistent with the accounts. and
the Trustees. Report has been prepared in accordance with applicable legal requirements.

THE NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Independent auditor's report to the members of The Northern Ireland Agoraphobia and
Anxiety Society
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Trustees and its environment obtained in the course of the
audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us., or
the accounts are not in agreement with the accounting records and returns. or
certain disclosures of Trustees, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
The Trustees were entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the Trustees, Report and from
the requirement to prepare a strategic report.
Responsibilities of Trustees
As explained more fully in the Statement of Trustees, Responsibilities, the Trustees, are responsible for the
preparation of the accounts 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 accounts that are free from material
misstatement, whether due to fraud or error.
In preparing the accounts, the Trustees are responsible for assessing the Charity's ability to continue as a going
concern. disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the Trustees either intend to liquidate the company or to cease operations, or have no realistic
alternative but to do so.
Auditor's responsibilities for the audit of the financial ststements
Our objectives are to obtain reasonable assurance about whether the financial ststements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always 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 economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud. is
detailed below.
Extent to which the audit was considered capable of detecting irregularltles, including fraud
The objectives of our audit in respect of fraud, are,. to identify and assess the risks of materi21 misstatement of the
financial statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the assessed risks of
material misstatement due to fraud, through designing and implementing appropriate responses to those
assessed risks,. and to respond appropriately to instances of fraud or suspected fraud identified during the audit.
However, the primary responsibility for the prevention and detection of fraud rests with both management and
those charged with governance of the charitable company.
The objectives of our audit in respect of fraud, are. to identify and assess the risks of material misstatement of the
financial statements due to fraud- to obtain sufficient appropriate audit evidence regarding the assessed risks of
material misstatement due to fraud, through designing and implementing appropriate responses to those
assessed risks. and to respond appropriately to instances of fraud or suspected fraud identified during the audit.

THE NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
{COMPANY LIMITED BY GUARANTEE)
Independent auditor's report to the members of The Northern Ireland Agoraphobia and
Anxiety Society
However, the primary responsibility for the prevention and detection of fraud rests with both management and
those charged with governance of the charitable company.
Based on our understanding of the charitable company and their operating environment, we determined that the
most significant frameworks which have a direct impact on the preparation of the financial statements are those
related to the reporting framework, {FRS 102, the Charities Act (Northern Ireland) 2008, The Charities (Accounts
and Reports) Regulations (Northern Ireland) 2015. the Charity SORP and the Companies Act 20061. Additionally.
we concluded that there are significant laws and regulations in relation to the company's charitable status and
activities of which non-compliance may have a material effect on the financial statements.
We assessed the susceptibility of the charitable company's financial statements to material misstatement,
including how fraud might occur, including evaluating management's incentives and opportunities to manage
earnings or influence the reported results. From the results of our assessment, we determined that the principal
risks of fraud relate to posting inappropriate journal entries and use of charity funds for purposes outside of
restrictions imposed by the donor. In common with all audits under ISAS (UK), we are required to perform specific
procedures to respond to the risk of management override.
Audit response to risks identified
As part of an audit in accordance with ISAS (UK) we exercise professional judgement and maintain professional
scepticism throughout the audit. Audit procedures performed by the engagement team included:
We obtained an understanding of the charitable company's internal control systems in order to design
audit procedures that are appropriate in the circumstances. but not for the purposes of expressing an
opinion on the effectiveness of the charitable company's internal control.
We obtained an understanding of how the charitable company complies with relevant laws and
regulations, including those as a result of its registration with the Charity Commission for Northern
Ireland and charitable status with HM Revenue & Customs, by making enquiries of management and
those charged with governance.
Enquiry of management, those charged with governance and the entity's solicitors around actual and
potential litigation and claims.
Enquiry of entity staff to identify any instances of non-compliance with laws and regulations.
Performing analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misstatement due to fraud
Reviewing minutes of meetings of those charged with governance
Reviewing financial statement disclosures 2nd testing to supporting documentation to assess
compliance with applicable laws and regulations.
Auditing the risk of management override of controls, including through testingjournal entries and other
adjustments for appropriateness, and evaluating the business rationale of significant transactions that
are unusual or outside the normal course of business.
We communicated relevant laws and regulations and potential fraud risks to all engagement team members and
remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
There are inherent limitations in the audit procedures described above and the further removed non-compliance
with laws and regulations is from the events and transactions reflected in the financial statements. the less likely
we would become aware of it. Also. the risk of not detecting a material misstatement due to fraud is higher than
the risk of not detecting one resulting from error. as fraud may involve deliberate concealment through collusion,
forgery. intentional omissions, misrepresentations or the override of internal control.
A further description of our responsibilities is available on the Financial Reporting Council's website at..
https'.Ilwww.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
10-

THE NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Independent auditor's report to the members of The Northern Ireland Agoraphobia and
Anxiety Society
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that
we might state to the charitable company's members those matters we are required to state to them in an
auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the charitable company and its members as a body, for our audit work, for this
report, or for the opinions we have formed.
John Love(Senior Statutory Auditor)
for and on behalf of Moore (Nl) LLP
Chartered Accountants
Statutory Auditor
19 December 2024
4th Floor Donegall House
7 Donegall Square North
Belfast
BT15GB

THE NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE
ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
funds
2024
2023
2023
Total
funds
2023
Note
Income:
Charitable activities
Total income
Expenditure:
Charitable activities
600
600
7,609
7,609
Total expenditure
Net expenditure
Transfers between
funds
600
(600)
600
(600)
7,609
(7,609)
7,609
(7,609)
Total Funds brought
forward
524.389
524,389
516,780
516,780
Funds carried forlvard
10,11
524.989
524,989
524.389
524,389
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of
comprehensive income has not been prepared
The notes on pages 12 to 18 form part of these financial statements and should be read in conjunction therewith.
12-

THE NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed Assets
Tangible Assets
Current Assets
Debtors
Creditors." amounts falling
due within one year
524.989
524.389
Net Current Liabilities
Total assets less current liabilities
524.989
524,989
524.389
524.389
Funds
Restricted income funds
Unrestricted income funds
10
(524,989)
(524,389)
Total Funds
524.989
524.389)
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements were approved by the Board of Trustees and signed on their behalf by:
Chair
Mr K S Brundle
Trust
Mr O Paulin
28 November 2024
The notes on pages 12 to 18 form part of these financial statements and should be read in conjunction therewrth.
13-

NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Notes to the financial statements for the year ended 31 March 2024
Accounting Policies
Charity information
Northern Ireland Agoraphobia and Anxiety Society is a private company limited by guarantee incorporated
in Northern Ireland. The registered office is 25-31 Lisburn Road, Belfast. BT9 7AA.
Basis of accounting
The financial statements have been prepared in accordance with the Memorandum and Articles of
Association. the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102>" (as amended for accounting
periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in
these financial statements are rounded to the nearest £.
Going concern
The continued operation of the charity is dependent on the ongoing support of Praxis Care. The Trustees
consider that in preparing the financial statements they have taken into account all information Ihat could
reasonably be expected to be available. The trustees plan to dissolve the company in the near future and
therefore they consider that it is appropriate to prepare the financial statements on a basis other than the
going concern basis.
The financial statements do not include any adjustments that would result if Praxis Care support was
withdrawn.
Cash flow statement
The Trustees have taken advantage of the exemption in Financial Reporting Standard 102 Section 7 from
including a cash flow statement in the financial statements on the grounds that the charitable company is
small.
Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been
met, the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution,
the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
14-

NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Notes to the financial statements for the year ended 31 March 2024
Accounting Policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Funding provided through
contractual agreements and performance related grants is recognised as goods or services are supplied.
Other grant payments are recognised when a constructive obligation arises that results in the payment being
unavoidable.
Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in
trading activities that raise funds.
Charitable expenditure comprises those costs incurred by the charity in the deltvery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature necessary to supply them.
Governance costs include those incurred in the governance of its assets which are associated with
constitutional and statutory requirements.
Support costs include central functions and are allocated to activity cost categories on a basis consistent
with the use of resources.
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis
designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly- others
are apportioned on an appropriate basis.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future receipts discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.
Basic financlal liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market r8te of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course
of operations from suppliers. 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 creditors are recognised initially
at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
Fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.
15

NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Notes to the financial statements for the year ended 31 March 2024
Accounting Policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the
useful economic life of that asset as follows:
Office Equipment
20%
straight line
Cash and cash equivalents
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
Funds
The Charity has different types of funds for which it is responsible, and which require separate disclosure.
These are as follows..
Restricted funds:
Donations, grants and other income received which are earmarked by the donor for specific purposes.
Such purposes are within the overall aims of the organisation.
Unrestricted funds:
Funds which are expendable at the discretion of the board in the furtherance of the objects of the Charity-
In addition funds may be held in order to finance capital investment and working capital.
Related Party Transactions
The charity has taken advantage of the exemption not to disclose related party transactions with other
members of the group, as it is a wholly owned subsidiary and group consolidated financial statements are
available.
Income from charitable activities
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Counseling income
Grants and contracts
16-

NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Notes to the financial statements for the year ended 31 March 2024
Expenditure on charitable activities
Counselllng
& support Govern-
services ance
Basis of
allocation
Total
2024
Total
2023
Costs directly allocated to activities
Staff Costs
Direct
Client expenses
Direct
Office Costs
Direct
Audit Fees
Direct
Depreciation
Direct
Professional fees
Direct
Recruitment
Direct
1,305
5,874
600
600
600
(170)
600
600
7,609
Counselling
& support
Services
Basis of
allocation
Govern-
ance
Total
2024
Total
2023
Support costs allocated to activities
Management costs
Direct costs
Quality monitoring
Salary costs
Training costs
Head count
Premises costs
Direct costs
Total other support costs
Direct costs
600
600
7,609
Net incoming resources for the year
2024
2023
This is stated after charging:
Audit Services
600
600
Staff costs and emoluments
Total staff costs were as follows:
2024
2023
Wages and salaries
Soci81 security costs
Pension costs
637
721
53
1,305
17-

NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Notes to the financial statements for the year ended 31 March 2024
Particulars of employees:
The average number of employees during the year was as follows..
2024
No.
2023
No.
No of operations staff
No employee or trustee of the charity received emoluments of more than £60,000 during the year (2023..
NIL).
Tangible fixed assets
Equipment
Total
Cost
At 1 April 2023
Disposals
At 31 March 2024
Depreciation
At 1 April 2023
Charge for year
Disposals
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
Debtors
2024
2023
Accrued income
Creditors: Amounts falling due within one year
2024
2023
Amounts owed to group undertakings
Accruals
524.389 523,789
600
600
524,989 524,389
18-

NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Notes to the financial statements for the year ended 31 March 2024
Restricted income funds
Incoming
1 April 2023 Resources
Resources Transfers
expended
At31
March
2024
Big lottery grant
VSP grant
10.
Unrestricted income funds
Incoming
1 April 2023 Resources
Resources Transfers
expended
At31
March
2024
General Fund
524,389
600
524,989
11. Analysis of net assets between funds
Net
current
assetsl
(liabilities)
Tangible
fixed
assets
Total
Restricted Funds
Unrestricted Funds
Total Funds
524.989
524,989
524,989
524,989
The Trustees of Praxis Care have agreed to provide any necessary ongoing financial and operational
support to sustain the charity up until the pending dissolution.
12.
Related party transactions
The charity has not disclosed related paty transactions on the bssis that consolidated financial statements
are available.
13. Charitable company limited by guarantee
The charitable company is limited by guarantee and as such does not have any share capital. The liability
of each of the members is limited to £1.
19-

NORTHERN IRELAND AGORAPHOBIA AND ANXIETY SOCIETY
(COMPANY LIMITED BY GUARANTEE)
Notes to the financial statements for the year ended 31 March 2024
14.
ultimate parent company
Praxis Care, a charitable company incorporated in Northern Ireland. is the ultimate parent charitable
company for the Northern Ireland Agoraphobia and Anxiety Society. Praxis Care is registered with The
Charity Commission for Northern Ireland (NIC103672), and its registered office is 25-31 Lisburn Road,
Belfast. B T9 7AA.
The Praxis Care Board operates as detailed in the governing document for the Charity. its Memorandum
and Articles of Association. The day-to-day operations of the group are delegated to the Chief Executive and
the Senior Leadership Team.
The principle purpose of the charity is to promote the preseNation and safeguarding of mental health, to
support individuals with a range of mental illnesses, disabilities or any other condition or circumstance and
to include, without limitation. those persons who have a learning disability or illness due to old age or any
other condition. Praxis Care provides a range of services including Accommodation & Support- Volunteer
Befriending,. Home Responsel Domiciliary Care- Workskills l Day Activity- Respite Residential Care- Floating
Support., Carer Advocacy and Research activities.
-20-