COMPANY REGISTRATION NUMBER: N1021056
CHARITY REGISTRATION NUMBER: 100787
Advice Space
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

Advice Space
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2023
Page
Trustees. annual report (incorporating the directorfs report)
Independent auditoffs report to the members
statement of financial activities (including income and
expenditure account)
12
statement of financial position
13
Statement of cash flows
14
Notes to the financial statements
15
The following pages do not form part of the financial statements
Detailed statement of financial activities
26
Notes to the detsiled statement of financial activities
27

Advice Space
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's 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
Registered charity name
Advice Space
Charity registration number
100787
Company reglstratlon number N1021056
Principal office and registered Merrion Business Centre
office
58 Howard Street
Belfast
BT16JP
The trustees
C Trotter
E Dorrian
A Kinver
G Mcclatchey
D Mitchell
R Blythe
l Davison
P Mccartan
(Appointed 21 March 2023)
(Appointed 15 August 2023)
(Resigned 31 August 2022)
(Resigned 27 February 2023)
(Resigned 23 November 2022)
(Appointed 17 May 2022)
(Appointed 18 May 2022)
(Appointed 17 May 2022)
Company secretary
Patrick Colton
Auditor
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
Bankers
Danske Bank
PO Box 183
Donegall Square West
Belfast
BT16JS

Advice Space
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (conlinued)
Year ended 31 March 2023
Structure. governance and management
Goveming Document
Advice Space is a company limited by guarantee governed by its Memorandum and Articles of
Association dated 2018. Advice Space is a registered charity with the Charity Commission for
Northern Ireland. Advice Space is a membership organisation with each trustee agreeing to contribute
£1 in the event of the charity winding up.
Appointment of Trustees
The Chairperson and the trustees recruit and select new trustees as needed. New trustees are
recruited on the relevance of their professional skills. and their potential to be able to make a helpful
contribution to the governance of the charity. As part of the recruitment process they are made aware
of a trustees, legal obligations under charity and company law. the content of the Memorandum and
Articles of Association, the committee and decision making processes, the business plan and recent
financial performance of the charity.
Trustee induction and training
I trustees undertake a 2-stage formal induction process - with the Chair and the CEO, learning about
the operational aspects of the service. All trustees are members of C03 and have the potential to
receive training on all aspects of govemance and the opportunity to network with colleagues across
the charitable and voluntary network.
Arrangements ftir setting pay and remuneration of key management personnel
The charity's trustees, and the senior management team comprise the key management personnel of
the charity in charge of directing and controlling. running and operating the charity on a day-to-day
basis. All trustees give of their time freely and no trustee received remuneration in the year. The pay of
the senior staff is reviewed annually and is considered as part of the organisational salary review
process. In view of the nature of the charity, the trustees benchmark against pay levels in other
similar size charities run on a voluntary basis.
Organisation structure and how charity makes decisions
The Board of trustees administer the charity. A Chief Executive is appointed by the trustees to
manage the day-to-day operations of the charity. To facilitate effective operation5, the Chief Executive
has delegated authority, within terms of delegation approved by the trustees, for operational matters
including finance. employment and direct charitable aGtivities.
Relatlonships with related parties
None of the trustees receive remuneration or other benefit from their work with Advice Space.
Risk Management
The Trustees have a risk management strategy which comprises:
the establishment of policies, systems and procedures to identify. control and mitigate risks.,
an annual review of the principal risks and uncertainties that the charity faces., and
the implementation of procedures designed to minimise or manage any potential impact on the

Advice Space
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2023
charity should Ihose risks materialise.
Objectives and activities
The purposes of the charity are: to promote any charitable purpose for the benefit of the community in
Northern Ireland by the advancement of education. the protection and preservation of health and the
relief of povety, sickness and distress.
In shaping our objectives for the year and planning our activities. the trustees have considered the
Charity Commission's guidance on public benefit.
The charity's aims and objectives for the period 2022-24 are centred on the following..
Increasing the brand awareness of Advice Space
Be pioneering in the sector.
Be financially independenuself-sustaining.
Be the employer of choiGe and Ihe place to volunteer in the advice sector.
Continue to work in partnership and increase our customer base.
Our services are negotiated and organised in line with our original purpose and we partner with other
organisations whereby our mission and purpose are closely aligned.
Our services also operate through volunteer involvement both at trustee and frontline advice levels.
Achievement5 and perforniance
During this period Advice Space assisted 29.613 clients with 94,177 issues that they required
assistance with.
Financial gains identified by advisers on behalf of clients amounted to at least £6,933,918.
The organisation also agreed to invest additional resources through the employment of a new
Volunteer Manager during the reporting period in order to focus on the regrowth of our volunteer base
as part of Advice Space recovery strategy from the Covid-19 pandemic. Advice Space has been
accredited with the award of Investing in Volunteers.

Advice Space
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) {continugd)
Year ended 31 March 2023
Financial review
The annual accounts for the year ended 31 March 2023 show totsl income of £1,080,820- total
expenditure of £1,015,924 and a surplus for the year of £64,896. The Board of trustees continue to
exercise tight control over expenditure and the current level of reserves places Advice Space on a
solid financial footing going forward.
ReseNes pollcy and going concern
Reserves are needed to bridge the timing gap between spending and receiving of income and to cover
unplanned temporary shortfalls in income should they arise and also to provide contingency for sound
financial planning assumptions. Holding adequate reserves safeguards the provision of our services in
the event of unexpected significant financial pressures. The trustees consider that the ideal level of
reserves would be at least 3 months. expenditure for the year ended 31 March 2023; an amount to
cover stalutory redundancy and pay-in-lieu awards in the event of an unforeseen winding up and
provision for unforeseen expenditu￿. Advice Space reserves policy sets this out and demonstrates
the current target level desired should be £470.895.
Unrestricted reserves at our year end freely available to spend, excluding fixed assets. restricted
reserves and designated reserves amount £568,091. The Board are pleased with the progress that
has been made to ensure the target reserves level is now met. The trustees believe this represents a
suffiGient level of reserve to ensure that the going concern assumption is appropriate and continues to
monitor this on a regular basis and review the poliGy annually.
Plans for future periods
COVID-19 pandemic
The trustees have continued to consider the impact of COVID-19 on the future revenues of the charity
and do not foresee any material impact on future revenues as Advice Space services continue to
operate and normalise.
Trustees. responslbllitles 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 Stsndards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements 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.

Advice Space
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontinued)
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;
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 confirms that:
so far as they are aware, there is no relevant audit infomiation 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 charity's auditor is aware of that
information.
The auditor is deemed to have been re-appointed in accordan￿ with section 487 of the Companies
Act 2006.
Small company provisions
This report has b88n prepared in accordance with the provisions applicable to companies entitl8d to
the small companies exemption.
The trustees. annual report was approved on 28 November 2023 and signed on behalf of the board of
trustees by:
C Trotter
Trustee
P Mccartan
Trustee

Advice Space
Company Limited by Guarantee
Independent Auditor's Report to the Members of Advice Space
Year ended 31 March 2023
Opinion
We have audited the financial statements of Advice Space (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 Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charity'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 auditorfs
responsibilities for the audit of the financial statements section 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 the provisions available for small
entities, in the circumstances set out below, 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.
In common with many other organisations of our size and nature we use our auditors to prepare and
submit returns to the tax authorities and assist with the preparation of the financial statements.
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 perfomed, 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 Gontinue 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 concern are described
in the relevant sections of this report.

Advice Space
Company Limited by Guarantee
Independent Auditor's Report to the Members of Advice Space (continu8d)
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, consider 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 detemiine whether there is a material misstatement in the financial statements 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 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 required 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 misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 require5 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 ststements 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 infomiation and explanations we require for our audit. or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.

Advice Space
Company Limited by Guarantee
Independent Auditor's Report to the Members of Advice Space (continued)
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 the purposes of company lawl 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 concem basis of accounting unless the trustees either intend to liquidate the charity or to cease
operation5, or have no realistic alternative but to do so.

Advice Space
Company Limited by Guarantee
Independent Auditor's Report to the Members of Advice Space (continued)
Year ended 31 March 2023
Auditor's responsibilities for the audit of the fjnancial 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 ststements.
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 perfomiance including the
design of the remuneration policies. key drivers for directors, rernuneration, 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 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 speciali5t5 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 perform specific procedures to respond to the risk of
management override.
We also obtained an understanding of Ihe 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 regulation5 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.

Advice Space
Company Limited by Guarantee
Independent Auditor's Report to the Members of Advice Space (Gontinued)
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 misstatemgnt of the financial ststements, whether due to
fraud or error, design and perform audit procedures responstve 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 involvo collusion, forgery, intentional omissions, misrepresentations, or the ove￿Ide
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
concern. If we conclude that a material uncertainty 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 auditorfs 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.
10

Advice Space
Company Limited by Guarantee
Independent Auditor's Report to the Members of Advice Space (contsnuedj
Year ended 31 March 2023
We communicate with those charged with governance regarding, among other matter5, 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 state to the
charity's members those matters we are required to state to them in an auditorfs report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume 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.
Conor Dolan FCA (Senior Statutory Auditor)
For and on behalf of
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
g James Street South
Belfast
BT2 8DN
28 November 2023
11

Advice Space
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2023
2023
Restricted
funds Total funds
2022
Unrestricted
funds
Total funds
Noto
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
Investment income
370
59.154
6.000
1.259
370
1.073.191
6.000
1,259
1,014,037
1,136,670
8,103
940
Total income
66.783
1,014,037
1,080.820
1.145.713
Expenditure
Expenditure on charitable activities
Total expenditure
43,021
972,903
972,903
1,015,924
946,438
43,021
1,015,924
946.438
Net income
23,762
41,134
64,896
199,275
Transfers be￿een funds
41,134
(41.134)
Net movement in funds
64,896
64.896
199,275
Reconciliation of funds
Total funds brought forward
Total funds carried forward
584,457
24.530
608,987
409,712
649.353
24.530
673.883
608,987
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activitie5.
The notes on pages 15 to 24 form part of these financial statements.
12

Advice Space
Company Limited by Guarantee
Statement of Financial Position
31 March 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
15
81,262
90,607
Current assets
Debtors
Cash at bank and in hand
16
66.633
570.310
61,861
481,999
636.943
543,860
Creditors: amounts falling due within one year
Net current assets
17
(44,322)
592,621
(25,480)
518.380
Total assets less current liabilities
673,883
608,987
Net assets
673,883
608,987
Funds of the charity
Restrtcted funds
Unrestricted funds
24,530
649,353
24,530
584.457
Total charity funds
19
673,883
608,987
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 28
November 2023. and are signed on behalf of the board by:
C Trotter
Trustee
P Mccartan
Trustea
The notes on pages 15 to 24 form part of these financial statements.
13

Advice Space
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2023
2023
2022
Cash flows from operating activities
Net income
64.896
199,275
Adjustments for."
Depreciation of tangible fixed assets
Dividends. interest and rents from investments
Interest payable and similar charges
Accrued income
9,345
(1,259)
118
(799)
9,345
(940)
87
{31,8051
Changes in..
Trade and other debtors
Trade and other creditors
(4.772)
19.641
(7,387)
(43,504)
125.071
Cash generated from operations
87,170
Interest paid
Net cash from operating activities
(118)
87.052
(87)
124.984
Cash flows from investing activities
Dividends, interest and rents from investments
Purchase of tangible assets
Net cash from investing activities
1,259
940
(767)
173
1,259
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
88.311
481.999
125,157
356,842
570,310
481,999
The notes on pages 15 to 24 form part of these flnanclal statements.
14

Advice Space
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 Northern Ireland. The address of the registered office
is Merrion Business Centre, 58 Howard Street, Belfast. BT16JP.
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 (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 properti@s 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 principal accounting policies adopted, judgements and key sources of estimation uncertainty
Sn the preparation of the financial statements are as follows..
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charivs 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.
15

Advice Space
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accounting policies (continued)
Incomlng 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
a￿ 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 Gan 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 governan￿ of the charity apportioned to charitable
aGtivities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
Atl 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
between the activities they contribute to on a reasonable. justifiable and consistent basis.
Tangible 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 impairment losses.
16

Advice Space
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 March 2023
Accounting policies (Gontinued)
Tangible assets (contlnued)
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 Ihat asset as follows:
Freehold property
Equipment
4 % straight lin8
20 /0 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 cash-generating unit is the smallest
identifiable 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 impaimient testing 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.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction Costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
17

Advice Space
Company Limited by Guarantee
Notes to the Financial Statements (¢gntinuedJ
Year ended 31 March 2023
Accounting policies (Gontlnuedj
Financial instruments (contlnued)
Where investments in shares are publicly traded or their fair value can othe￿iSe be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. Al other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate. in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment. an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant. these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, lo the extent that the reversal does not
result in a carying amount of the financial asset that exceeds what the carrying amount would
have been had the impaimient not previously been recognised.
Defined contribution plans
Contributions to 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 liability 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.
Llmlted by guarantee
Each of the members of the company has guaranteed to contribute to the assets of the company
in the event of the same being would up to the extent of £1.
18

Advice Space
Company Limited by Guarantee
Notes to the Financial Statements (¢ontinu¢dJ
Year ended 31 March 2023
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Donations
Donations
370
370
Charitable activities
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Belfast City Council
Belfast HSCT
Macmillan
Pension Wise
Telephonic Services
Positive Life
Other income
Cedar
Cystic Fibrosis
NICHS
Welfare Reform
475,604
123,367
274,074
475.604
123.367
274.074
6.600
11,944
3,481
6.540
6,500
9,704
14,385
140,992
6.600
11.944
3.481
6.540
6.500
9,704
14,385
140,992
59,154
1,014,037
1,073,191
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Belfast City Council
Belfast HSCT
Macmillan
Pension Wise
Telephonic Services
Positive Life
Other income
Cedar
Cystic Fibrosis
NICHS
Welfare Reform
140,639
453,354
119.080
222.729
593,993
119,080
222.729
6.750
3.903
5.092
6.540
6.500
9.704
17,021
145,358
1.136,670
6,750
3,903
5,092
6,540
6.500
9.704
17,021
145,358
940,521
196.149
other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Rental income
6.000
6,000
8,103
8,103
19

Advice Space
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
1.259
1,259
940
940
Expenditure on charitable activltles by a¢tlvlty type
Activities
undertaken
direclly Support costs
Total funds
2023
Total fund
2022
Provision of impartial advice to the
general public
Governance costs
813,681
174.855
27.388
988,536
27,388
923,828
22.610
813,681
202.243
1,015,924
946.438
10. Analysis of support costs
Provision of
impartial
advi￿ to the
general public Total 2023 Total 2022
staff costs
Premises
Communications and IT
General office
Governance costs
12,950
97,788
43,327
20.790
27.388
12,950
97,788
43,327
20,790
27,388
202,243
11,693
87,824
40,552
27,784
22,610
190.463
202.243
11. Net income
Net income is stated after chargingl(crediting)-
2023
2022
Depreciation of tangible fixed assets
9,345
9.345
12. Auditors remuneration
2023
2022
Fees payable for the audit of the financial statements
6.012
5,520
20

Advice Space
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
13. 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
580.556
47.392
19,543
10,000
657.491
529,266
39,911
15,512
584,689
The average head count of employees during the year was 25 (2022: 25), which equates to an
average of 21 full-time equivalent posts in 2023.
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 conlrolling the activities of the charity. The charity considers two
members of staff to make up the key management personnel. The total compensation paid to
key management personnel for seNices provided to the charity was £121,309 {2022:£102,128).
14. Trustee remuneration and expenses
The charity trustees were not paid or received any other benefits from employment with the
Charity in the year {2022-£Nil)-No charity trustee received payment for professional or other
service supplies to the Charity (2022-£Nil).
During the year trustees were reimbursed for travel and other expenses totalling £0 (2022: £125).
15. Tangible fixed assets
Freehold
propety Equipment
Total
Cost
At 1 April 2022 and 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
197,298
272,191
469.487
110,295
7,892
268.585
1,453
378,880
9.345
118,187
270.038
388,225
Carrying amount
At 31 March 2023
79,109
2.153
81,262
At 31 March 2022
87,001
3.606
90,607
21

Advice Space
Company Limited by Guarantee
Notes to the Financial Statements (conlinuedj
Year ended 31 March 2023
16. Debtors
2023
2022
Trade debtors
Prepayments and accrued income
Other debtors
7,995
4,314
54,324
18,575
43.286
66,633
61,861
17. Creditors: amounts falling due within one year
2023
2022
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
16.468
10.308
13.119
4.427
3,446
11,107
10,927
44,322
25.480
18. Pensions and other post retirement beneflts
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £19,543 {2022: £15,512).
19. Analysis of charitable funds
Unrestricted funds
At
1 April 2022
At31
Transfers March 2023
Income Expenditure
General funds
584,457
66,783
(43,021)
41,134
649.353
At
1 April 2021
At31
Transfers March 2022
Income Expenditure
General funds
409,712
205.192
(50,397)
19.950
584,457
22

Advice Space
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
19. Analysis of charitable funds fcontlnued)
Restricted funds
At
1 April 2022
At31
Transfers March 2023
Income Expenditure
Macmillan
Belfast HSCT
Belfast City Council
Belfast City Council-
Welfare Reform
274,074
123,367
475,604
(232.940)
(123,367)
(475,604)
(41,134)
24,530
140,992
(140,992)
(972,903)
24,530
24,530
1,014,037
(41,134)
24,530
At
1 April 2021
At31
Transfers March 2022
Income Expenditure
Macmillan
Belfast HSCT
Belfast City Council
Belfast City Council -
Welfare Reform
222.729
119.080
453.354
(202.779)
(119.080)
(453.354)
(19.950)
145.358
(120.828)
(896.041)
24.530
940.521
(19,950)
24,530
Transfer between restricted and unrestricted funds relates to expenditure recognised in
unrestricted funds in prior year.
20. 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
81,262
612,413
(44,322)
649,353
81,262
636,943
(44,322)
673,883
24.530
24,530
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
90.607
519.330
(25.480)
584.457
90.607
543.860
(25.480)
608.987
24.530
24.530
23

Advice Space
Company Limited by Guarantee
Notes to the Financial Statements (continu•d)
Year ended 31 March 2023
21. Taxation
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.
22. Analysis of changes in net debt
At
At 1 Apr 2022 Cash flows 31 Mar 2023
Cash at bank and in hand
481,999
88,311
570,310
23. Contlngencles
A contingent liability exists to repay grants received should certain conditions not be fulfilled by
the charity. In the opinion of the Trustees, the terms of the Letters of Offer have been. or will be.
complied with and no liability is expected.
24. Ethical standards
In common with many other organi5ations of our size and nature we use our auditors to assist
with the preparation of the financial statements.
24

Advice Space
Company Limited by Guarantee
Management Information
Year ended 31 March 2023
The following pages do not form part of the financial statements.
25

Advice Space
Company Limited by Guarantee
Detailed Statement of Financial Activitles
Year ended 31 March 2023
2023
2022
Income and endowments
Donations and legacies
Donations
370
Charitable activities
Belfast City Council
Belfast HSCT
Macmillan
Pension Wise
Telephonic Services
Positive Life
other income
Cedar
Cystic Fibrosis
NICHS
Welfare Reform
475,604
123,367
274,074
6,600
11,944
3,481
6,540
6,500
9,704
14.385
140.992
593,993
119.080
222,729
6,750
3,903
5,092
6,540
6,500
9.704
17.021
145.358
1.073,191
1,136.670
other trading activities
Rental income
6,000
8,103
Investment income
Bank interest
1,259
940
Total income
1.080.820
1,145.713
26

Advice Space
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2023
2023
2022
Expenditure on charitable actlvlties
Provision of impartial advice to the general public
Activities undertaken directly
Wages and salaries
Employerfs NIC
Pension costs
Other Employee Costs
staff Expenses
Volunteer expenses
Partner payments
Training and recruitment
Subscriptions and licences
568,945
46,444
19,152
10,000
2,361
363
130.042
16.353
20.021
518,681
39,113
15,202
2,562
51
151,209
660
26,997
813.681
754,475
Support costs
Wages and salaries
Employevs NIC
Pension costs
Rent
Light and heat
Repairs and maintenance
Insurance
Cleaning
11.611
948
391
65.653
11.413
2,304
16,399
2,019
10,585
798
310
65,156
7,805
889
14,793
681
E 11
Professional fees
Telephone
IT costs
Depreciation
Printing, postage and stationery
Sundry costs
Grant repayment
4,216
21,608
21,719
9,345
3,769
3,460
6,368
23,041
17,511
9,345
1,577
4,393
6,101
174.855
169,353
Governance costs
Accountancy fees
Audit fees
Bank charges
Board Expenses
21.258
6.012
118
16,668
5,520
87
335
27.388
22.610
Expenditure on charitable activitles
1.015.924
946.438
Net Income
64,896
199.275
27