COMPANY REGISTRATION NUMBER: N1032847 CHARITY REGISTRATION NUMBER: XR22498 Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Financial Statements 31 March 2023 Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporating the director's report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) 13 Statement of financial position 14 Statement of cash flows 15 Notes to the financial statements 16
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2023 The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2023. Reference and administrative details Reglstered charlty name Community Advice Antrim & Newtownabbey Ltd Charity registration number XR22498 Company registration number N1032847 Principal office and registered Dunanney Centre office Rathmullan Drive Rathcoole Newtownabbey Co Antrim BT37 9DQ The trustees J Casey S Davis B Gilliland C Gilmore G Haire D Patterson LRea D CrawFord L Banks (Resignèd 23 August 2022) (Resigned 23 August 20221 (Appointed 26 April 2022) (Appointed 28 February 2023) Company secretary L Adamson Auditor Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continue Year ended 31 March 2023 Structure, governance and management The organisation is a charitable company limited by guarantee and was registered as a charity on 22nd August 1997. 11 is governed by its core principles and its structure, governance and quality of advice is audited externally as per the Nl Advice Quality Standard (NIAQS). Charities Registration The organisation is registered with the Charity Commission for Northern Ireland, NIC100420. Organisational Structure The Trustee Board is made up of members who meet a minimum of 4 times per annum and are responsible for the strategic and policy direction of the charity. The day to day responsibility for the provision of advice services is delegated to the Area Manager, supervision of the staff team and also ensuring the team continue to develop their skills and working practices in line with good practice. Recruitment and Appointment of Trustees The directors of the company are also known as charity trustees for the purpose of charity law and under the company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members meet a minimum of 4 times per annum and new members are recruited by public advertisement and selected by interview. The committee has 9 skilled members and are made up of business, retired, statutory and voluntary sector. All members are recruited by public advertisement and selected by interview. All members give their time voluntarily and receive no benefits from the charity.
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (Continued) Year ended 31 March 2023 Objectives and activities Community Advice Antrim & Newtownabbey {CAAN) is a charity in Northern Ireland working against poverty and meeting the information advice needs of the community,. through our core setvice and projects. Advice provision spans a diverse range of topics including debt, finance, benefits, health, employment. consumer, legal, education. housing, immigration, and relationships. Community Advice aims to ensure that individuals do not suffer through: Lack of knowledge of their rights and responsibililies Lack of knowledge of the services available to them An inability to express their needs effectively.. and To exercise a responsible influence on the development of social policies and services both locally and nationally. The Community Advice setvice is.. Committed to a socially just, tolerant and pluralist society. Opposed to all fomis of discrimination Committed to equal opportunities. Principal Risks and Uncertainties The company manages all of its financial risks through a series of controls and maintenance of a Risk Register which is reviewed by management and considered by the Trustee Board on an annual basis. Risks are assessed for likelihood and impact, with mitigating action described against each risk identified. The principal commercial, operational and financial risks that have been identified as having a serious potential impact on the performance and future prospects or reputation of the organisation are as follows.. CAAN needs to close or reduce resources andlor services due to financial difficulties or insolvency, Projects have a material negative impact on the financial stability of CAAN due to withdrawal of funding andlor ability to meet funder requirements, Lack ofl inadequacy of financial reporting to Trustees leads to inability to act in time in face of threatslopportunities. The Trustee Board are satisfied that appropriate actions have been identified and taken so that these risks are managed effectively. Mitigation actions include= Comply with 'Financial Procedures. Monitor cash flow on monthly basis Realistic costing for funding bids At least quarterly financial reporting to Trustees, including restricted projects Monitor Projects on quarterly basis Annual Budgets agreed by Trustees Strategic report The following sections for achievements and performance and financial review form the strategic report of the charity.
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {contsnued) Year ended 31 March 2023 Achievements and performance We provide a comprehensive range of services to our clients. Through the provision of our holistic wrap around advice setvice, including income maximisation, CAAN dealt with over 43k enquiries for the year ended 31 March 2023 and generated £8.3million income for clients. In addition to our core advice services we have delivered projects, including Money AdvicelDebt Counselling, Macmillan Benefits Service. Welfare Reform Support, Advice4Health, Foodbank Financial Inclusion and also Social Supermarket Scheme. Implications of COVID SERVICE DELIVERY - The demands on the service continue to be high, increasingly so from those who have been financially impacted by the Cost of Living Crisis. Additional demands for Cost of Living events and workshops led to CAAN participating in 52 external sessions.. raising awareness of advice servi, support measures and Cost of Living mitigations. VOLUNTEERING - At the heart of the CAAN service is its volunteers, in their roles of admin support. advisers, receptionists and trustees. CAAN has undertaken initiatives in 2022-23 to increase volunteering in an effort to achieve pre-covid levels. FINANCE Annual income remained steady and new opportunities were availed of to support clienls financially impacted by Cost of Living Crisis in terms of financial support through statutory funding. STAFFING Staff support and development was a priority through the Cost of Living challenges; staff adapted to increased client demands for charitable support and full wraparound advice. Principal Funding Source Antrim and Newtownabbey Borough Council is the main core funder under a three years commissioning arrangement. All expenditure is vouched and accounted for on a quarterly basis. CAAN also receives funding from a range of other sources.
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) fcontinued) Year ended 31 March 2023 Financial review The Board strictly manage the areas of funding in relation to restricted and unrestricted funds. Restricted funds are set aside for a specific purpose. ReseNes Policy Unrestricted Reserves The Trustee Board believes that Community Advice Antrim & Newtownabbey should hold financial reserves in order to ensure that CAAN can continue to operate and meet the needs of clients in the event of unforeseen and potentially financially damaging circumstances arising. The Trustee Board considers that it would be prudent to set aside an amount equivalent to a minimum of three months budgeted running costs. In addition, unrestricted funds are designated for equipment reserve, contractual commitment reserve. premises reserve and development reserve. The total unrestricted reserves as at 31 March 2023 are £295,505{2022= £303,020). Restricted Reserves These funds are restricted by the donor or funder and cannot be used for the general purposes of the service. Their existence, and the sums of money therein. do not imply that there has been an under spend but may result from a variety of circumstances including depreciation charges and timing dIfferenS between CAAN'S financial year and the funding year of the project concerned. The total restricted reseNes for the year ended 31 March 2023 are £10,223(2022'.£15.233). Plans for future periods Communty Advice Antrim & Newiownabbey will continue with the activities outlined above in the forthcoming years subject to satlsfactory funding arrangements being available. We will continue to be available to expand our services, subject to satisfactory funding arrangements being available. We are actively assessing the medium and longer term implications of the changes arising from Covid. Trustees. responsibilities statement The trustees, who are also directors for the purposes 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). Company law requires the charity trustees to prepare financial ststements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources. including the income and expenditure, for that period.
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP., make judgments and accounting estimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor Each of the persons who is a trustee at the date of approval of this report confimis that.. so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware" and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charlty's auditor is aware of that information. The trustees, annual report and the strategic report were approved on 24 October 2023 and signed on behalf of the board of trustees by: damson Charity Secretary
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Community Advice Antrim & Newtownabbey Ltd Year ended 31 March 2023 Opinion We have audited the financial statements of Community Advice Antrim & Newtownabbey Ltd (the 'charity') for the year ended 31 March 2023 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting practi). In our opinion the financial statements: give a true and fair view of the state of the charty's affairs as at 31 March 2023 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., 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 auditols responsibilities for the audit of the financial statements seclion of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements 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. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going conGern are described in the relevant sections of this report.
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Community Advice Antrim & Newtownabbey Ltd (continued) Year ended 31 March 2023 Other information The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements 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 financial statements, our responsibility is to read the other information and, in doing so, Gonsider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstalement of the other information. If, based on the work we have performed. we conclude that there is a material misststement 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 the audit= the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements., and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatemenls in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion= adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit.
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Community Advice Antrim & Newtownabbey Ltd (continuedj Year ended 31 March 2023 Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for Ihe purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, 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 Charity or to cease operations, or have no realistic alternative but to do so.
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Community Advice Antrim & Newtownabbey Ltd (contlnued) Year ended 31 March 2023 Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable 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.. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following- the nature of the industry and sector. control environment and business performance including the design of the remuneration policies, key drivers for directors, remuneration, bonus levels and performance targets., results of our enquiries of management about their own identification and assessment of the risks of irregularities- any matters we identified having obtsined and reviewed documentalion of their policies and procedures relating to.. identifying. evaluating and complying with laws and regulations and whether management were aware of any instances of non-compliance". detecting and responding to the risks of fraud and whether management have knowledge of any actual, suspected or alleged fraud., the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations. the matters discussed among the audit engagement team including significant Component audit teams and relevant internal specialists, including tax and valuations specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures. we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAS {UK), we are also required to perfomi specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks in operation, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included ongoing compliance with the UK Companies Act and tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental for their ability to operate or to avoid a material penalty. 10
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Community Advice Antrim & Newtownabbey Ltd (conunued) Year ended 31 March 2023 As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and oblain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concem. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorfs report to the related ijisclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 11
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Community Advice Antrim & Newtownabbey Ltd (continued) Year ended 31 March 2023 We communicate with those Charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charity's members those matters we are required to state to them in an auditols report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibilty to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have fomied. Paul Dolan FCA {Senior Stalulory Auditor) For and on behalf of Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN 24 October 2023 12
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Noto Income and endowments Donations and legacies Charitable activities Investment income 945 8,350 94 945 783,513 94 545 715,325 775,163 Total income 9,389 775,163 784,552 715,870 Expenditure Expenditure on charitable activities Total expenditure 16,904 780,173 797,OTI 728,686 16,904 780,173 797,077 728,686 Net expenditure and net movement in funds (7,515) {5,010) (12,525) (12,816) Reconciliation of funds Total funds brought forward Total funds carried fonNard 303,020 15,233 318,253 331,069 295.505 10,223 305,728 318,253 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 16 to 25 form part of these tlnancial statements. 13
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Fixed assets Tangible fixed assets 14 4,909 9,726 Current assets Debtors Cash at bank and in hand 15 15,941 290,474 31,739 282,629 306,415 314,368 Creditors: amounts falling due within one year Net current assets 16 5,596 300,819 5,841 308,527 318,253 Total assets less current liabilities 305.728 Net assets 305,728 318,253 Funds of the charity Restricted funds Unrestricted funds 10.223 295,505 305,728 15,233 303,020 Totsl charity funds 18 318.253 These financial statements were approved by the board of trustees and authorised for issue on 24 October 2023, and are signed on behalf of the board by-. G Haire Trustee The notes on pages 16 to 25 form part of these financial statements. 14
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2023 2023 2022 Cash flows from operating activities Net expenditure {12,525) (12,816> Adjustments for Depreciation of tangible fixed assets Other interest receivable and similar income Accrued expenses 6,327 {94) 636 9,399 3,087 Changes in.. Trade and other debtors Trade and other creditors 15,798 (881) 9,261 (8,392) 2,193 Cash generated from operations (6.529) Interest received Net cash froml(used in) operating activities 9,355 (6,5291 Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities {1,510) (1,510) {5,885) (5,885) Net increasel{decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 7,845 282,629 (12.414) 295.043 290,474 282,629 The notes on pages 16 to 25 fomi part of those financlal statements. 15
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in England and Wales. The address of the registered office is Dunanney Centre, Rathmullan Drive, Rathcoole, Newtownabbey, Co Antrim, BT37 9DQ. ststement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements,estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. 16
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 March 2023 Accounting policies (¢ontlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent. in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the Charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activilies they contribute to on a reasonable, j ustifiable and consistent basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and Subsequent accumulated impaimient losses. 17
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2023 Accounting policies (contlnuedj Tangible assets (continued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows- Freehold property Equipment % straight line 25 % straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The CaShenerating unit is the smallest identtfiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment tesling of goodwill, the goodwill acquired in a business combination is. from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Limited by guarantee The company is limited by guarantee and has no share capital. and is govemed by its registered Memorandum and Articles of Association. 18
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (Continued) Year ended 31 March 2023 Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Donations 945 945 545 545 Charitable activities Unrestricled Funds Restricted Total Funds Funds 2023 Antrim and Newiownabbey Council Antrim and Newtownabbey Council- COVID Grants Antrim and Newtownabbey Council - Welfare Reform and Appeals Antrim and Newtownabbey Council - Warm, Well, Connected Oasis Care ANBC Social Supermarket Public Health Agency Macmillan Cancer Support Pensionwise The Enaklon Foundation Advice Nl - Money Advice 343,042 343,042 77,469 77,469 6,799 149,987 96,052 62,260 6.799 149,987 96,052 62,260 5,850 2,500 39,554 5,850 2,500 39,554 8,350 775,163 783,513 Unrestricted Funds Restricted Total Funds Funds 2022 Antrim and Newtownabbey Council Antrim and Newtownabbey Council- COVID Grants Antrim and Newtownabbey Council - Welfare Reform and Appeals Antrim and Newtownabbey Council - Warm, Well. Connected Oasis Care ANBC Social Supermarket Public Health Agency Macmillan Cancer Support Pensionwise The Enaklon Foundation Advice Nl - Money Advice 335,344 51,651 335.344 51.651 89,398 89,398 8,600 8,600 92,411 57,746 92,411 57,746 6,750 6,000 67,425 6,750 4,000 2,000 67,425 10,750 704,575 715,325 19
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 94 94 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Charitable activities Support costs 16,904 776,715 3,458 793,619 3,458 797,077 16,904 780,173 Unrestricted Funds Restricted Total Funds Funds 2022 Charitable activities Support costs 3.161 719,498 6,027 722,659 6.027 3,161 725.525 728,686 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2023 Total fund 2022 Charitable activities Governance costs 793,619 793,619 3,458 722,659 6,027 3,458 3,458 793.619 797,077 728,686 10. Net expenditure Net expenditure is stated after chargingl(crediting)'. 2023 2022 Depreciation of tangible fixed assets 6,327 9,399 11. Auditors remuneration 2023 2022 Fees payable for the audit of the financial statements 3,314 3,087 20
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (contlftuedj Year ended 31 March 2023 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2023 2022 Wages and salaries Social security costs Employer contributions to pension plans Other employee benefits 526,466 33,066 10,457 2,731 524,377 28,715 12,409 2,717 572,720 568,218 The average head count of employees during the year was 25 (2022.. 251. No employee received employee benefits of more than £60,000 during the year {2022.' Nil). Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £54,092 (2022.. £56.202) 13. Trustee muneratIon and expenses No trustee received reimbursement for expenses during the year. (2022.'£Nil) 14. Tangible fixed assets Freehold property Equipment Total Cost At 1 April 2022 Additions Disposals At 31 March 2023 42,763 219,089 261,852 1,510 1,510 (194.912) (194,912) 25,687 68,450 42,763 Depreciation At 1 April 2022 Charge for the year Disposals At 31 March 2023 42,763 209,363 252,126 6,327 6,327 (194,912) (194,912) 20,778 63,541 42,763 Carrying amount At 31 March 2023 4,909 4,909 At 31 March 2022 9.726 9,726 21
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 15. Debtors 2023 2022 Other debtors 15,941 31,739 16. Creditors: amounts falling due within one year 2023 2022 Trade creditors Accruals and deferred income Other creditors 1,873 3,723 1,441 3,087 1,313 5,596 5,841 17. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation lo defined contribution plans was £10,457 (2022: £12,409). 18. Analysis of charitable funds Unrestricted funds At 1 April 2022 At 31 March 2023 Income Expenditure General funds 303,020 9.389 (16,904) 295.505 At 1 April 2021 At 31 March 2022 Income Expenditure General funds 294,886 11,295 (3,161) 303,020 22
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2023 18. Analysis of charitable funds (continued) Restricted funds At 1 April 2022 At 31 March 2023 Income Expenditure Antrim and Newtownabbey Public Health Agency Macmillan Cancer Support Advice Nl - Money Advice The Enaklon Foundation Antrim and Newtownabbey - Welfare Reform and Appeals Antrim and Newtownabbey - Wami, Well, Connected Antrim and Newtownabbey - COVID Grants ANBC Social Supermarket Oasis 343,042 96,052 62,260 39,554 (343,042) {99,110) {64,212} (39,554) 8,037 7,196 4.979 5,244 77,469 (77,469) 149,987 6,799 (149,987) (6,799) (780,173) 15,233 775,163 10,223 At 1 April 2021 At 31 March 2022 Income Expenditure Antrim and Newtownabbey Public Health Agency Macmillan Cancer Support Advice Nl - Money Advice The Enaklon Foundation Antrim and Newtownabbey - Welfare Reform and Appeals Antrim and Newtownabbey - Warm, Well, Connected Antrim and Newtownabbey - COVID Grants ANBC Social Supermarket Oasis 335,344 92,411 57.746 67.425 2.000 (335,344) (92,411) (57,746) 167,425) {2,000) 8.037 7,196 8,037 7,196 89,398 (89,398) 8,600 (8,600) 20,950 51,651 (72.601) 36.183 704.575 (725,525) 15,233 23
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 19. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 4,909 5,314 4,909 306,415 (5,596) 305,728 301.101 (5.596) 295,505 10,223 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 9,728 9.726 314,368 (5.841) 318,253 314.368 (5.841) 308.527 9,726 20. Analysis of Changes in net debt At At 1 Apr 2022 Cash flows 31 Mar 2023 Cash at bank and in hand 282,629 7,845 290,474 24