COMPANY REGISTRATION NUMBER: N1032847 CHARITY REGISTRATION NUMBER: 100420 Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Financial Statements 31 March 2024 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 2024 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 The following pages do not form part of the financial statements Detailed statement of financial activities 26 Notes to the detailed statement of financial activities 27
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 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 2024. Reference and admlnlstratlve details Registered charity name Community Advice Antrim & Newtownabbey Ltd Charity registration number 100420 Company reglstratlon number N1032847 Principal office and registered Dunanney Centre office Rathmullan Drive Ralhcoole Newtownabbey Co Antrim BT37 9DQ The trustees J Casey D Crawford L Dawson C Gilmore G Haire D Patterson LRea R Wiseman (Appointed 27 June 2023) Company secretary L Adamson Audltor Finegan Gibson Ltd Chartered accounlanls & statutory audilor 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) {contlnued) Year ended 31 March 2024 Structure, governance and management The organisation is a charitable company limited by guarantee and was registered as a charity on 22nd August 1997. It is governed by its core principles and its structure, governance and quality of advice is audited externally as per the Nl Advice Quality Standard INIAQS). 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 8 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 benefils from the charity. Objectlves and actlvitSes Community Advice Antrim & Newtownabbey (CAAN) is a charity in Northern Ireland working against poverty and meeling the information advice needs of the community, through our core service 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 responsibilities 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 service is.. Committed to a socially just, tolerant and pluralist sociely. Opposed lo all forms of discrimination Committed to equal opportunities. Strateglc 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) (contlnuedj Year ended 31 March 2024 Achlevements and performance We provide a comprehensive range of services lo our clients. Through the provision of our holistic wraparound advice service, including income maximisation, CAAN dealt with over 42k enquiries for the year ended 31 March 2024 and generated £8.6million income for clients. In addition to our core advice services we have continued to deliver projects, including Specialist Money AdvicelDebt, Macmillan Benefits Service, Welfare Reform Support, Advice4Health, Social Supermarket and Cost of Living support. cosr OF LIVING CRISIS CAAN has seen its service delivery evolve in order to effectively support the community through the challenges of the Cost of Living Crisis. In addition to our holistic advice and advocacy services. this has included: Establish partnerships to enhance the provision of charitable support to clients Delivery of the Social Supermarket for Antrim and Newtownabbey along with hardship funding support {in partnership with council) Partnership with Antrim Foodbank to deliver their Financial Inclusion Project Extensive Cost of Living awareness sessions across the Borough Supporting and advising clients with the migration lo Universal Credit PRINCIPAL FUNDING SOURCE Antrim and Newtownabbey Borough Council is the main core funder under a three year commissioning arrangement. All expenditure is vouched and accounted for on a quarterly basis. CAAN also receives funding from a range of other sources STRUCTURE, GOVERNANCE AND MANAGEMENT The organisation is a charitable company limited by guarantee and was registered as a charily on 22nd August 1997. It is governed by its core principles and its struclure. governance and quality of advice is maintained as per the Nl Advice Quality Standard {NIAQS). CHARITIES REGISTRA TION The organisation is registered with the Charity Commission for Northern Ireland, NIC100420. ORGANISA TIONAL 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 lo day responsibility for the provision of advice services is delegated lo 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 Ihe member5 meet a minimum of 4 times per annum and new members are recruited by public advertisement and selected by interview. The committee has 8 skilled members and are made up of business. retired, statulory and voluntary
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnued) Year ended 31 March 2024 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. GOING CONCERN After making appropriate enquires, the Trustee Board have a reasonable expectation that the company has adequate resources to continue in operational exislence for the foreseeable future. PRINCIPAL RISKS AND UNCER TAINTIES 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 aclion described against each risk identified. The principal commercial, operational and f inancial risks thal have been identified as having a serious potential impact on the performance and future prospects or repulation of CAAN 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 threalslopportunities. 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 Al least quarterly financial reporting to Truslees, including restricted projects Monitor Projects on quarterly basis Annual Budgets agreed by Trustees RESER VES 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 Ihree months budgeted running costs. In addition, unrestricted funds are designated for equipment reserve, contractual commitment reserve, premises reserve and development reserve. 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 differences between CAAN'S financial year and the funding year of the projecl concerned.
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 Plans for future periods Community Advice Antrim & Newtownabbey will conlinue with the activities outlined above in the forthcoming years subject to satisfactory funding arrangements being available. We will continue to be available to expand our services, again subject to satisfaclory funding arrangements being available. We are actively assessing the medium and longer term implications of the post Covid and Cost of Living environment. 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 statements for each year which give 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. 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 sl8temenls' prepare the financial statements on the going concern basis unless it is inappropriate to presume that Ihe charity will conlinue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's Iransactions and disclose with reasonable accuracy at any time the financial Posilion 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 Ihe 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 confirms 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 thal they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 The trustees, annual report and the strategic report were approved on 25 June 2024 and signed on behalf of the board of trustees by: Geraldine Haire
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 2024 OpSnion We have audited the financial stalements of Community Advice Antrim & Newtownabbey Ltd (the 'charily') for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure account), stalement of financial position, statement of cash flows and the related noles, 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 Practice). In our opinion the financial slatemenls.. give a true and fair view of the state of the charity'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., have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS IUKI) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of Ihe charity in accordance wilh the ethical requirements that are relevant to our audil of the financial slalements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requiremenls. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In aL+diting Ihe financial statements, we have concluded Ihat 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 twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern 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 (contlnued) Year ended 31 March 2024 Other Informatlon The other information comprises the information included in Ihe 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 otheiSe 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, consider whether Ihe olher 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 material misstatement of the other information. If, based on the work we have performed, we conclude Ihat there is a material misstatement of Ihis other information, we are required to report that fact. We have nothing to report in Ihis regard. Opinlons on other matters prescrlbed by the Companles 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 whlch 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 misstalements in the trustees, report. We have nothing to report in respecl 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 audil.
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 2024 Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the Irustees (who are also the directors for the 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 preparalion 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 {contlnuedJ Year ended 31 March 2024 Auditor's responsibilities for the audit of the financlal 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 Ihe economic decisions of users taken on the basis of these financial slatements. 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 misslatements 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 obtained and reviewed documentation 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 lo 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 stalements and any potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that m8y 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 lo perform 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 Ihat had a direct effect on the determination of malerial amounts and disclosures in the financial stalemenls. 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 regulalions 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 (contlnued) Year ended 31 March 2024 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 obtain 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 Ihe going concern basis of accounting and, based on Ihe audit evidence obtained, whether a material uncertainly exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainly exists, we are required to draw attention in our auditor's report to the related disclosures 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, fulure 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 evenls 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 (continuedj Year ended 31 March 2024 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 Ihe Companies Act 2006. Our audit work has been undertaken so that we might state lo the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permilted by law, we do not accept or assume responsibility 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 formed. Paul Dolan FCA (Senior Statutory Auditor) For and on behalf of Finegan Gibson Ltd Chartered accountants & stalutory auditor Causeway Tower 9 James Street Soulh Belfast BT2 8DN 25 June 2024 12
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Investment income 1,120 6,350 239 1,120 855,479 239 945 783,513 849,129 Total Income 7,709 849,129 856,838 784,552 Expenditure Expenditure on charilable activities Total expenditure 10,367 10,367 845,522 855,889 797,077 845,522 855,889 797,077 Net incomel(expenditure) and net movement in funds (2,6581 3,607 949 {12,525) Reconclllatlon of funds Tolal funds brought forward Total funds carried forward 295,505 10,223 305,728 318,253 292,847 13,830 306,677 305,728 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 24 form part of these financial statement5. 13
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 15 2,120 4,909 Current assets Debtors Cash at bank and in hand 16 33,112 278,990 15,941 290,474 312,102 306,415 Creditors: amounts falling due within one year Net current assets 17 7,545 5,596 304,557 300,819 Total assets less current IlabllltSes 306,677 305,728 Net assets 306,677 305,728 Funds of the charlty Restricted funds Unrestricted funds 13,830 292,847 10,223 295,505 Total charity funds 19 306,677 305,728 These financial statements were approved by the board of trustees and aulhorised for issue on 25 June 2024, and are signed on behalf of the board by.. G Haire Trustee The notes on pages 16 to 24 form part of these financial statements. 14
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operating activities Net incomel(expenditure) 949 {12,525) Adjustn7enls for.. Deprecialion of tangible fixed assets Other interest receivable and similar income Accrued {income)lexpenses 2,789 {239) {285) 6,327 194) 636 Changes in.. Trade and other debtors Trade and other creditors {17,1711 2,234 {11,723) 15,798 (881) 9,261 Cash generated from operations Interest received 239 94 Net cash (used inllfrom operating aclivities 111,484) 9,355 Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities {1,510) 11,510) Net (decreasellincrease In cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equlvalents at end of year {11,484) 290,474 7,845 282,629 278,990 290,474 The notes on pages 16 to 24 form part of these financial statements. 15
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The charily is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a regislered charity in Northern Ireland. The address of the registered office is Dunanney Centre, Rathmullan Drive, Rathcoole, Newtownabbey, Co Antrim, BT37 9DQ. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (Charities SORP IFRS 102)) and the Companies Act 2006. Accountlng pollcles Basls 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. Golng concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estlmatlon uncertalnty The prepartion 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 accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designaled 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 Statements (contlnuedj Year ended 31 March 2024 Accounting policies (contlnued) 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 receipl is probable and entitlement is established. income from donaled 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 8 contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as reslricted, 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-charilable tradin9 activities, and the sale of donated goods. expenditure on charilable 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 atlributable to a single activity are allocated directly to thal activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assels 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 al the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 17
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Accounting policies (continuedj Tangible assets (¢ontlnuedJ 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 offsels 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 /0 Straight line 25 % straight line Impairment of fixed assets A review for indicators of impairment is carried oul at each reporting date, with the recoverable amount being estimaled where such indicators exisl. Where the carrying value exceeds Ihe recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairmenl tesling, 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 cash-generating unit is the smallest identifiable group of assets thal includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units Ihat 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. Deflned contributlon plans Contributions lo defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liabilily is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmited by guarantee The company is limited by guarantee and has no share capital, and is governed by its registered Memorandurn and Articles of Association. 18
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2024 Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donatlons Donations 1,120 1,120 945 945 Charitable aclivities Unrestricted Funds Restricted Total Funds Funds 2024 Antrim 8nd Newtownabbey Council Antrim and Newtownabbey Council - Welfare Reform and Appeals Oasis Care ANBC Social Supermarkel ANBC Hardship fund Public Health Agency Macmillan Cancer Support Pensionwise The Enaklon Foundation Advice Nl - Money Advice 322,551 322,551 85,170 13,211 121,977 75,750 99,452 74,390 85,170 13,211 121,977 75,750 99,452 74,390 4,350 12,000 46,628 4,350 2,000 10,000 46,628 6,350 849,129 855,479 Unrestricted Funds Restricted Total Funds Funds 2023 Antrim and Newtownabbey Council Antrim and Newtownabbey Council - Welfare Reform and Appeals Oasis Care ANBC Social Supermarket ANBC Hardship fund Public Health Agency Macmillan Cancer Support Pensionwise The Enaklon Foundalion Advice Nl - Money Advice 343,042 343,042 77,469 6.799 149,987 77,469 6,799 149,987 96,052 62,260 96,052 62,260 5,850 2,500 39,554 5,850 2,500 39,554 8,350 775,163 783,513 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 239 239 94 19
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Expenditure on charitable activities by fund type Unrestricted Funds Restricled Total Funds Funds 2024 Charitable activities Support costs 10,195 172 842,132 3,390 852,327 3,562 10,367 845,522 855,889 Unrestricted Funds Restricted Total Funds Funds 2023 Charitable activities Support costs 16,904 776,715 3,458 793,619 3,458 16,904 780,173 797,077 Expendlture on charltable actlvltles by actlvlty type Activities undertaken directly Support cosls Total funds 2024 Total fund 2023 Charitable activities Governance costs 852,327 852,327 3,562 793,619 3,458 3,562 852,327 3,562 855,889 797,077 10. Analysls of support costs Analysis of support costs activity 1 Total 2024 Total 2023 Governance costs 3,562 3,562 11. Net Incomel{expendlturel Net incomel(expenditure) is stated after chargingl(crediting)'. 2024 2023 Depreciation of tangible fixed assets 2,789 6,327 12. Auditors remuneration 2024 2023 Fees payable for the audit of the financial statements 3,562 3,314 20
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Social security cosls Employer contributions to pension plans Other employee benefits 525,767 32,146 11,280 3,908 526,466 33,066 10,457 2,731 573,101 572,720 The average head count of employees during the year was 25 (2023: 25). The average number of full-time equivalent employees during the year is analysed as follows.. 2024 2023 Number of staff - type 1 25 25 No employee received employee benefits of more than £60,000 during the year (2023.. 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 compensalion paid lo key management personnel for services provided to the charity was £52,60212023: £54,092> 14. Trustee remuneratlon and expenses No trustee received reimbursement for expenses during the year.12023'.£Nil) 15. Tangible flxed assets Premises Equipment Total Cost At 1 April 2023 Disposals At 31 March 2024 42,763 (42,763} 25,687 68,450 142,763) 25,687 25,687 Depreciation At 1 April 2023 Charge for the year Disposals At 31 March 2024 42,763 20,778 2,789 63,541 2,789 142.763) 23,567 (42,763) 23,567 Carrylng amount At 31 March 2024 2,120 2,120 At 31 March 2023 4,909 4.909 21
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 16. Debtors 2024 2023 Other debtors 33,112 15,941 17. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Other creditors 270 3,438 3,837 1,873 3,723 7,545 5,596 18. Pensions and other post retirement benefits Deflned contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £11,280 (2023: £10,457). 19. Analysis of charitable funds Unrestrlcted funds At 31 March 202 At 1 April 2023 Income Expenditure General funds 295,505 7,70g (10,3671 292,847 At 31 March 202 At 1 April 2022 Income Expenditure General funds 303,020 9,389 (16,904) 295,505 22
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2024 19. Analysls of charitable funds (contlnued) Restricted funds At 31 March 202 At 1 April 2023 Income Expenditure Antrim and Newtownabbey Public Health Agency Macmillan Cancer Support Advice Nl - Money Advice Antrim and Newtownabbey - Welfare Reform and Appeals ANBC Social Supermarket Oasis Enkalon ANBC Hardship fund 322,551 99,452 74,390 46,628 (322,551) (99,4521 (78,8001 (45,1881 4,979 5,244 4,979 834 1,440 85,170 121,977 13,211 10,000 75,750 (85,1701 (119,6731 (12,2811 16,6571 (75,7501 (845,5221 2,304 930 3,343 10,223 849,129 13,830 At 31 March 202 At 1 April 2022 Income Expenditure Antrim and Newtownabbey Public Health Agency Macmillan Cancer Support Advice Nl - Money Advice Antrim and Newtownabbey - Welfare Reform and Appeals ANBC Social Supermarket Oasis Enkalon ANBC Hardship fund 343,042 96,052 62,260 39,554 (343,0421 (99,110} (64,212) (39,554) 8,037 7,196 4,979 5,244 77,469 149,987 6,799 (77,469) (149,9871 16,7991 15,233 775,163 (780,1731 10,223 23
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuedJ Year ended 31 March 2024 20. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2,120 15,591 2,120 312,102 17,545) 306,677 296,511 (7,545) 288,966 17,711 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 4,90g 5,314 4,909 306,415 15,596) 305,728 301,101 (5,596) 295,505 10,223 21. Ethical standards In common with many other businesses of our size and nature we use our auditors to prepare and submit relurns to the tax authorities and assist with the preparation of the financial statements. 22. Taxatlon The Company is a registered charity, and as such is entitled to tax exemptions on income and profits in furtherance of the charity's primary objectives. 23. Contlngenclos A contingent liability exists lo repay grants and Trust monies received should certain conditions not be fulfilled by Ihe charity. In the opinion of the Trustees. the terms of the Letters of Offers have been, or will be, complied with and no liability is expected. 24. Analysls of changes In net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank and in hand 290,474 111,4841 278,990 24
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Management Information Year ended 31 March 2024 The following pages do nol form part of the financial statements. 25
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Donalions and legacies Donations 1,120 945 Charltable actlvltles Antrim and Newtownabbey Council Antrim and Newtownabbey Council - Welfare Reform and Appeals Oasis Care ANBC Social Supermarket ANBC Hardship fund Public Health Agency Macmillan Cancer Support Pensionwise The Enaklon Foundation Advice Nl - Money Advice 322,551 85,170 13,211 121,977 75,750 99,452 74,390 4,350 12,000 46,628 343,042 77,469 6,799 149,987 96,052 62,260 5,850 2,500 39,554 855,479 783,513 Investment income Bank interest receivable 239 Total income 856,838 784,552 26
Community Advice Antrim & Newtownabbey Ltd Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Expenditure on charitable actlvltles Charitable activities Aclivities undertaken dlrectly Wages and Salaries Employer's NIC Pension costs Health scheme Rent Light and Heat Subscriptions Insurance Other expenditure Travel Telephone Printing, postage, stationary & PR Depreciation Volunteer expenses Bank charges Repairs and maintenance General expenses Staff training Client support costs Grant repayment 525,767 32,146 11,280 3,908 30,958 2,679 3,016 6,112 196 2,134 10,962 10,284 2,789 1,676 437 20,885 2,729 3,003 178,175 3,191 526,466 33,066 10,457 2,731 31,320 2,140 3,480 6,842 231 1,884 7,821 4,399 6,327 1,044 424 24,812 1,447 1,728 127,000 852,327 793,619 Governance costs Governance costs - audit fees 3,562 3,458 Expenditure on charitable activities 855,889 797,077 27