ReElStered number N1605507 Charity registration number NIC100807 Charity tax reference XN48794 Communit Advice Fermana hLtd Re ort and Accounts 31 March 2024 MacNear Rasdale & Co. Ltd Chartered Accountants, Wellington House, 30 Darling Street. Enniskillen, BT74 7EW
Communit Advice Fermana Re ort and Accounts Contents hLtd Page Charity reference and administrative details Trustees annual report (including directors, & strategic report) Accountants report to the members Statement of financial activitie5 Balance sheet Notes to the financial statements 9-14
Community Advice Fermanagh Ltd Company Information Company registration number N1605507 Charity registration number NIC100807 Charlty tax reference XN48794 The board of dlrectors Mr Donal O'cofaigh Mr Phil Flanagan Ms Rita O'Loughlin (Appointed 26J09120221 Ms Wendy Stewart (Appointed 26109120221 Miss Maeve Corrigan IAppointed 09102/20231 Mr Mark Robinson (Appointed 09102120231 Mrs Viola Bryson IAppointed 09/02120231 Company Secretary Ms Bernadette Maguire Members of the management committee (excluding directors, name above) CllrAdam Gannon Cllr Keith Elliott Cllr Roy Crawford Cllr Tomrny Maguire Registered office Fermanagh House Broadmeadow Place Enniskillen County Fermanagh BT74 7HR Accountants MacNeary Rasdale & Co. Ltd, Chartered Accountants, Wellington House, 30 Darling St. Enniskillen Bf74 7EW Accountants MacNeary Rasdale & Co. Ltd, Chartered Accountants, Wellington House, 30 Darling St. Enniskillen BT74 7EW Bankers AIB 2 6 East Bridge Street Enniskillen County Fermanagh BT74 7BT
Communit Advlce Fermana hLtd istered number.. N1605507 Trustees, Annual Re ort includin Directors, Re ort & Strate IcRe ort The trustees have pleasure in presenting their report and the financial statements of the company for the year ended 31 March 2024. Objertives and actlvlties The principal objectives and activities of the charity during the year continued to be the prevention and relief of poverty and financial distress in all sections of the community, the advancernent of education and protection of health thereby ensuring people do not suffer through ignorance of their rights or services available to them, the relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage. The purpose of all services provided by Community Advice Fermanagh Ltd is for the benefit of the community of County Fermanagh. The principles of Community Advice Fermanagh Ltd are that we provide free, impartial, confidential and independent advice, information. advocacy and representation las necessaryl in relation to social welfare covering social security benefits, consumer issues, employment legislation, debt advice, housing, utilities, cross border queries, pension (state and privatel, level l immigration advice and other basic legal matters. The charity is a charitable company limited by guarantee. It is governed by a memorandum and articles of association. During the year, the charity carried out a number of activities and projects in the furtherance of its objectives.. I Provision of information, advice, advocacy and representation across a range of Social Welfare issues such as Social Security Benefits, Debt Advice, Consumer, Employment, Housing, level I Immigration, Cross Border, Tax, Pension (State and Privatel and other Social Welfare matters. 2 Social Policy work in regard to all of the above. 3 Specific focus on the continuing roll-out of Welfare Reform and the upcoming Move to Universal Credit. The organisation provided clients with advice and support in order to try and reduce stress leve15 and worry whilst also empowering our clients. 4 Provision of Benefit Awarene55 sessions, Money Advice Sessions. Welfare Reform Advice and Cross Border Advice to clients educating them on their rights and entitlements. 5 Provision of advice, information, advocacy and representation to 168 clients in relation to personal debt. 6 Supporting our clients with hearings in respect of their Social Security and Disability Appeal Tribunals.
Communit Advice Fermana hLtd istered number: N1605507 Trustees, Annual Re ort includin Director's Re ort & Strate l¢Re ort Strategic Report Achievements and performance (including principal risks and uncertainties, development and performance and key performance indicators) l The main achievements of the charity during the year were as follows.. 2 Delivering a high quality advice, inforrnation, advocacy and representation service to clients regarding 11,771 enquiries. An increase in 36Yo of enquiries from 2022123. Income generation for 2023124 was £1,402,738.34. This was a 240/0 increase from 2022/23. 3 Ongoing provision of Welfare Reform Support Project service vastly exceeding targets and asssited clients on 4,933 topics. This is a 51% increase from 2022123. 4 Ongoing delivery of both Pension Wise and Debt Advice Project. The Debt Project supported 148 clients over the 2023124 period and dealt with £2,081,597.05 worth of Debt. 5 Provision of ongoing Support and Advice to our Tribunal clients throughout the year. In 2023124 there were 49 appeals and a total of £136,388.99 successfully claimed back for clients. 6 Our staff require high quality training and development in order to carry out their duties. During 2023124 substantial training was put in place for all staff delivered by a wide range oganisations including Advice Nl, the Law Centre, Housing Rights and CPAG. 7 The organisation continue5 to work in partnership with the Centre for Cross Border Studies on the Cross Border Project and the Clear Project in the delivery of Outreach Clinics across the County focusing on maximising income amidst the ongoing rise in the cost of living for citizens of Fermanagh. 8 The service facilitated 16 Outreach Clinics across the County and continues to work in partnership with organisations such as but not exclusive to Fermanagh and Omagh District Council, Saint Vincent de Paul, Women's Aid, Action for Children, The Courthouse in Kesh and the WRAP Project inconjunction with the Fermanagh and Omagh District Council. 9 Ongoing promotion of the organisation through Social Policy Work and engaging with the media. Benefit5 to the end u5er5 and wlder society The directors are satisfied that the performance of the company during the year. in terms of both financial and operational results, 15 in line with the charity's constitution and key objectives.
Communit Advice Fermana hLtd Re istered number: N1605507 Trustees, Annual Re ort includin Dlrectors, Re ort & Strate icRe ort Flnanclal review (Including reserves pollcyl The net deficit for the year is1£4,931112023 net income £10,534). Total funds and reserves at the end of the financial year were £106,719. The charity aims to ensure that liquid funds held at any point in time are sufficient to cover expenditure equivalent to 3 months of all ongoing operating costs lexcluding depreciation). At the year-end date, the charity's reconciled bank balance lon current accounts) wa5 £89,081. Tota5 expenditure for the year was £256,340 lexcluding depreciation). The charity, therefore, held fund5 equivalent to just under 127 days of ongoing operating costs (excluding depreciation). The level of liquid funds held is sufficient14 months reserves). Plans for future periods There are no significant changes planned for the forthcoming financial year. The directors will continue to govern the company in line with the constitution in order to achieve the objectives noted above. Structurei governance and management The company is governed and managed by the board of directors. The directors Iwho are also the trusteesl who served the company throughout the year are shown on pages l and 2, together with details of the registered office and other professional advisor5. The board of directors carry out their governance role throughout the year by way of meetings on a quarterly basis to review the performance of the company and to make decisions regarding the company's financial and operational matters. The directors govern the activities of the company in line with the objectives set out in the governing document5 of the charity, namely the Memorandum and Articles of Association and the charity's constitution. Directors The directors (also the trusteesl who served the company during the period were as follows: Mr Donal O'cofaigh Mr Phil Flanagan Ms Rita O'Loughlin IAppointed 26/09120221 Ms Wendy Stewart IAppointed 26109120221 Miss Maeve Corrigan (Appointed 09/02120231 Mr Mark Robinson (Appointed 09102/20231 Mrs Viola Bryson (Appointed 09102/20231
Communit Advice Fermana hLtd Re Istered number: N1605507 Trustees, Annual Re ort Includin Dlrectors, Re ort & strate IcRe ort Trustees, responsibilitles The trustees, who are also the directors of the company, are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently,. make judgements and estimates that are reasonable and prudent; prepare the financial statements on the EoinE concern basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping proper accounting records that disc105e with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the asset5 of the company and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Disclosure of informatlon to the reporting accountants We, the directors of the company who held office at the date of approval of these financial statement5 as set out above each confirm, so far as we are aware, that.. there is no relevant audit information of which the company's reporting accountant is unaware; and the directors have taken all step5 that they ought to have taken to make themselves aware of any relevant accounting information and to establish that the reporting accountant is aware of that information. Reportlng accountant MacNeary Rasdale & Co. Ltd Chartered Accountants are deemed to be appointed. Small company exemptions This report has been prepared in accordance with the special provisions for small companie5 under Part 15 of the Companies Act 2006. In approving the Trustees, Annual Report, we also approve the Strategic Report included therein, in our capacity a5 company directors. On behalf of the Board Mr Donal O'cofaigh Chairman 29th January 2025
ACCOUNTANTS, REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED FINANCIAL STATEMENTS OF COMMUNITY AID FERMANAGH LTD FOR THE YEAR ENDED 31 MARCH 2024 In accordance with our terms of engagement, and in order to asslst you to fulfil your duties under the Companies Act 2006, we have compiled the financial Statements of the company which comprise the Profit and Loss Account, the Balance Sheet and the have compiled the financial statements of the company which comprise the Profit and Loss Account, the Balance Sheet and the have compiled the financial statements of the company which comprise the Profit and Loss Account, the Balance Sheet and the related note5 from the accounting records and information and explanations you have given to us. This report is made solely to the company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company's Board of Directors that we have done so and state those matters that we have agreed to state to them in this 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 company and the company's Board of Directors as a body, for our work or company and the company's Board of Directors as a body, for our work or for this report. We have carried out this engagement in accordance with guidance issued by the Chartered Accountants Ireland and have complied with the ethical guidance laid down by the Institute relating to rnembers undertaking the compilation of f inancial statements. You have acknowledged on the balance Sheet for the year ended 31 March 2024 your duty to ensure that the cornpany has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year. We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completene55 of the accounting records or information and explanations you have iven to us and we do not, therefore. express any opinion on the financial statement5. MacNeary Rasdale & Co. Ltd Chartered Accountants Wellington House 30 Darling St Enniskillen Fermanagh BT74 7EW January 2025
Communit Advice Fermana hLtd Statement of Financial Activities Year Ended 31st March 2024 Notes Deslgnated Unrestricted Restricted 2024 2023 Income and endowments from: Generated funds Charitable activities 4,642 9,780 4,642 251,183 1,466 256,295 241,403 Total Income 14,422 241,403 255,825 257,761 Expenditure on.. Charitable activitie5 Other 235,101 25,655 235,101 25,655 221,919 25,308 Total Expenditure 260,756 260,756 247,227 Net Incomellexpenditure) 14,422 119,3531 14,9311 10,534 Fund transfers {14,422) 14,422 Funds brought forward 111,650 101,116 Fund5 carried forward 14,931 106,719 111,650 All of the above results are derived from continuing activities. All gains and losse5 recognised in the year are included above.
Communit Advice Fermana Balance sheet as at 31 March 2024 hLtd Notes 2024 2023 Fixed assets Tangible assets 9,279 9,279 12,964 12,964 Current a55ets Debtors Cash at bank and in hand 10,259 89,081 99,340 51,765 49,421 101,186 Creditors: amounts falling due within one year io 11,9001 12,5001 Net current assets 97,440 98,686 Total assets less current liabilitles 106,719 111,650 Net assets 106,719 111,650 Funds Unrestricted Restricted Designated 14 15 15 15 106,719 111,650 Members, funds 106,719 111,650 These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and the Statement of Recommended Practice "Accounting and Reporting by Charitie5" ISORP 20151. These financial statements were approved by the directors and authorised for issue on 29th January 2025 and are signed on their behalf by: Mr Donal O'cofaigh Director Ms Wendy Director Company Registration Number: N1605507
Communit Advice Fermana Notes to the Accounts hLtd l. Accounting policies lil General Information and basls of preparation Community Advice Fermanagh is a charitable company limited by guarantee registered in Northern Ireland. In the event of the charity being wound up, the liability in respect of the guarantee is limited to EIO per member of the charity. The address of the registered office is given in the charity information on page l of these financial statements. The nature of the charity's operations and principal activities are: the relief of poverty and financial distress in all sections of the community the advancement of education and protection of health thereby ensuring people do not suffer through ignorance of their rights or services available to them provide free, impartial, confidential and independent support on social security benefits, employment legislation, debt & money advice, housing rights, consumer issues, basic legal matters, cross border queries, Pension Istate & Private and level I immigration advice. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard app5icable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act (Northern Ireland) 2008, the Companies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recornmended Practice applicable to charities in the UK and Republic Of Ireland IFRS 1021 issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic Of Ireland IFRS 1021, the Companie5 Act 2006 and UK Generally Accepted Practices as it applie5 from l January 2015. The charity has applied Update Bulletin l as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section IA. The financial statements have been prepared to give a 'true and fair view and are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity. The significant accounting policie5 applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. lill Income recognition Incoming resource5 from generated funds consists of income from fees and services generated by the charity from its main charitable activities together with donations and fundraising. All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Incoming resources from charitable activities consi5t5 of grants received from various funding bodies to assist the charity in achieving its objectives. Grants of thi5 nature are recognized in the Statement of Financial Activities when the charity is legally entitled to the income and all preconditions for receipt of the funds have been met.
Communit Advice Fermana Notes to the Accounts hLtd liill Expenditure recognition All expenditure is accounted for on an accrua15 basis and has been classilied under headiT)gs that aggregate all cost5 related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Staff costs have been allocated on the basis of time Spent on each of the main activities of the charity, which are.. Generating funds (those activities involved with raising funds and funding applications) Charitable activities (those activities associated with the charity's objects) Governance cost5 (management and administration of the charitvl Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. livl Depreciation Depreciation is calculated so as to write off the cost of an asset, le5S Its estimated residual value, over the useful economic life of that asset as follows.. Office equipment and furniture - 20Yo Straight line Iv) Fund accounting Restricted Funds Incoming resources of the company which are provided for a specilic purpose. together with the resources expended to which they relate, form part of the restricted funds of the charity. Unrestricted Funds Incoming resources which are generated by the charity's own efforts or provided with no specific preconditions, together with the resources expended to which they relate, are disclosed as part of the unrestricted funds of the charity. 2. Operating Income 2024 2023 Net income is stated after char Director's emoluments Depreciation of owned fixed asset5 Accountant's remuneration in 4,270 2,340 io
Communit Advice Fermana Notes to the Accounts hLtd 3. Staff costs 2024 2023 Wages and Salaries Social Security costs Pension costs 189,421 10,458 11,374 211,253 173,271 10,470 12,263 196,004 There are no high paid staff whose emoluments are defined for taxation purposes amounted to over £60,000 in the year: The average number of employees, calculated on a full-time equivalent basis, analy5ed by function was.. No. of employees 2024 2023 Costs of generatinE funds Charitable activities Governance Pension scheme under auto enrolment.. The charity operates a 'net pay arrangement" pension scheme for employees. 4. Income from generated funds Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Donations and sponsorship 4,642 1,466 4,642 1,466 5. Income from charitable activitie5 Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Fermanagh & Omagh District Council IFODCI Generalist Advice Contract FODC Welfare Reform Project and Appeals National Citizens Advice Centre for Cross Border Studies Halifax Fund Developing Healthy John Moore Foundation Dfc Fuel & Energy Grant Advice Nl Debt Funding Clear Project Pensionwise Hosting Border People Project Research Arnold Clark Foundation Community Foundation Older Peoples Fund 158,295 42,229 3.263 3,334 4,500 3,280 2,000 158,295 42,229 3,263 3,334 4,500 3,280 2,000 157,349 41,335 1,500 33.859 3,500 5,850 6,902 1,000 5,000 34,282 34,282 251,183 251,183 256,295 li
Communit Advice Fermana Notes to the Accounts hLtd Expenditure on charitable activities Unrestricted Restricted Funds Funds Total Total Funds 2024 Funds 2023 Salaries Pensions costs Staff training Travel expenses Rent and rates Insurance Telephone,broadband,software & support Postage, stationery and subscriptions Advertising Consulting Membership costs Accountancy fees General expenses Bank charges Repair5 and maintenance Depreciation 175,304 11,374 1,240 1.856 18,086 1,306 6,893 3,153 2,382 654 4,285 175,304 11,374 1,240 1,856 18,086 1,306 6,893 3,153 2,382 654 4,285 160,773 12,263 2,150 1,382 18,290 1,302 6,188 3,645 1,368 777 4,920 2,068 1.192 337 994 4,270 3,089 313 750 4,416 3,089 313 750 4,416 235,101 235,101 221,919 Expendlture on governance costs Unrestricted Restricted Funds Funds Total Total Funds 2024 Funds 2023 Wages and salarie5 Accountants rernuneration 24,575 1,080 25,655 22,968 2.340 25,308 Tangible fixed costs Office equipment & furniture Total Cost At l April 2023 Additions 39,421 731 39,421 731 As 31 March 2024 40,152 40,152 Depreciation At l April 2023 Charge for the year 26,457 4,416 26,457 4,416 As 31 March 2024 30,873 30,873 Net book value As 31 March 2024 9,279 9,279 As 31 March 2023 12,964 12,964 12
Communlt Advice Fermana Notes to the Accounts hLtd 9 Debtors 2024 2023 Funding debtors Payment on account 10,259 51,765 10,259 51,765 10 Creditors.. amounts falling within one year 2024 2023 Trade creditors & accruals 1,900 2,500 1,900 2,500 11 Related party transactlons There were no transactions with related parties which require disclosure under SORP 2015 IFRS 1021. 12 Tax status The company is a registered charity for tax purposes (reference nurnber XN 487941 and is exempt from corporation tax on any income or capital gains arising. 13 Company limlted by guarantee The company is limited by guarantee and, therefore, there is no issued share capital. Every member of the company undertakes to contribute to the assets of the company in the event of it being wound up during a period in which they are still a member of the cornpany, including a period of one year from the date that they ceased to be a member, providing the debts were incurred during their period as a member of the company or the debt relates to costs and expenses of a winding up. The liability of each member in such circumstances is limited to £10. 14 Fund5 Total Funds 2024 Total Funds 2023 Unrestricted Funds Restricted Funds Funds brought forward Net income/ lexpenditurel Fund transfers 111,650 14,422 114,4221 111,650 14,9311 101,116 10,534 119,3531 14,422 Funds carried forward 111,650 {4,9311 106,719 111,650 13
Communit Advice Fermana Notes to the Accounts hLtd Fund descriptions: Generol Unrestricted Funds General unrestricted funds consist of incoming resources which are generated by the charity's own efforts or provided with no specific preconditions, together with the resources expended to which they relate. These usually consist of monies earned from advice provision projects and self-Eenerated income such as donations and fundraising. Desi noted Designated funds consist of funds provided to the charity with no specific preconditions but which the charity itself have designated for a particular purpose andlor category of expenditure or future costs. Restricted Restricted funds consist of incoming resources which are provided for a specific purpose, together with the resources expended to which they relate. These usually consist of government funding for particular projects carried out by the charity or service5 provided in line with a service level agreement. 15 Net assets Designated Unrestricted Restrlcted Funds Funds Funds Total Funds 2024 Total Funds 2023 Fixed assets Current asset5 Current liabilities 9,279 99,340 11,9001 9,279 99,340 11,9001 12,964 101,186 12,5001 Total 106,719 106,719 111,650 14