Charlty Reglstratlon No. NIC100935 Company Reglstratlon No. N1033978 (Northern Ireland) MEDIATION NORTHERN IRELAND (A company limited by guarantee) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 MEDIATION NORTHERN IRELAND LEGAL AND ADMINISTRATIVE INFORMATION Trustees Catherine Turner Rosie Timoney Aine O'Keoffe Caroline Greer Anne-marle Blaney Nikila Brijpaul Janni Knox Adriana Morvaiova Katrina Hinfey Charlty number NIC100935 Company number N1033978 Registered offlce 83 University Street BELFAST BT7 1HP Independent examlner MBS Chartered Accountants 3 High Street Larne Co. Anlrlm BT40 1JN MEDIATION NORTHERN IRELAND CONTENTS Page Trustees, report Independent oxamlner's report Slatement of financlal activities Balance sheet Notes lo the financial statements 8-14 MEDIATION NORTHERN IRELAND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcled Restrlcted funds funds 2023 2023 Total Unreslrlcted Reslricled funds funds 2022 2022 Total 2023 2022 Notes Donation5 and legacies Charitable aclivities Other tradir)g aclivitles 20,913 116,734 10,488 20,913 116.734 10,488 172,188 10,444 172,188 10,444 Total Income 182,632 182,632 148,135 148,135 ur Raislng funds 25,545 25.545 20,405 20,405 Charilable activities 148.195 8,550 156,745 117,942 8,550 126,492 Total resources expended 173.740 8,550 182,290 138,347 8,550 146,897 Net Incomel{expèndlturel for the yearl Net movement In funds 8,892 (8,5501 342 9.788 (8,550) 1,238 Fund balances at 1 April 2022 169,989 144,934 314,923 160,201 153,484 313,685 Fund balances at 31 March 2023 178,881 136,384 315,265 169,989 144,934 314,923 The statement of financial activities includes all gains and losses recognlsed in the y88r. All income and expenditure derive from continuing acllvitles. The statement of financial activitles also complies wllh the requirements for an income and expendllure account under the CompanlesAct 2006. MEDIATION NORTHERN IRELAND BALANCE SHEET AS AT31 MARCH 2023 2023 2022 Notes Flxed assets Tangible assets Current assels Debtors Cash al bank and In hand 10 269,698 277,284 11 3,377 64,905 32,181 16,739 68,282 48,900 Credltors: amounts falllng due wlthln one year 12 (22,715) (11,2611 Net current assets 45,567 37,639 Total assets less current Ilabllltles 315,265 314.923 Incom6 funds Reslricled funds Unrestricted funds 136,384 178,881 144,934 169,989 315.265 314,923 The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companles Act 2006, for Ihe year ended 31 March 2023. The dlredor acknowledges her responslbllilies for ensuring that the charity keeps accountlng records whl¢h comply with section 386 of the Act and for preparing financial Statements which give a true and fair view of the slate of affairs of th6 company as at th8 end of the financi81 year and of it8 incoming resources and application of resources, including its income and Qxpendilure, for the finan¢lal year in accordance with the requirements of sections 394 and 395 and which olhetwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as appllcable to Ihe company. The member has not required the company to obtain an audll of its financlal statements for the year in question in accordance with section 476. These financial statements hav8 been prepared in accordance wllh the provlslons applicable to companies subject to the small companies regime. The financlal slatements were approved by Ihe Trustees on 4 Decembar 2023 Catherine Turner Dlrector & Trustee Company Reglstratlon No. N1033978 MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ountlng pollcles Charlty Informatlon Mediation Northern Ireland is a private company Ilmlled by guarantee incorporated Northern Ireland. The registered office is 83 Unlverslty Street, BELFAST, BT7 1 HP. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the Charlly's [governlng documenll, the Companles Act 2006 and "Accounting and Reportlng by Charltles.. Statement of Recommended Practice applicable to charllles preparing thelr a¢counls in accoTdance with the Financlal Reporting Standard applicable In the UK and Repub51c of Ireland (FRS 102) (effectlve 1 January 2019)" The Charily Is a Public Benefit Entlty as defined by FRS 102. The Charity has taken advanlage of the provlsions in the SORP for charilles applylng FRS 102 Update Bulletin 1 not lo prepare a Statemenl of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the Charlly. Monetary amounts in these financial statements ar8 rounded to Ihe nearest £. The financial Stalements have been prepared under the historical cost convention, modified lo Include the revaluation of freehold propertles and lo Include Inveslment properties and certaln financlal instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Golng concern At the lime of approving the financlal statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational exlstence for the foreseeable fulure. Thus Ihe Truslees continue to adopt the going concern basis of accounllng In preparSng the financial stal8menls. 1.3 Charltable funds Unrestricted funds are avallable for use at the discretion of the Trustees in furtherance of their charltable objeclives. Reslricled funds are subject to speclfic condltions by donors as to how they may be used. The purwses and Uses of the reslricted funds are Bel out in th& noles lo Ihe financial statements. Endowment funds are subject to speGlfic condillons by donors that the Capital must be maintained by the Charily. 1.4 Income Income is recognlsed when Ihe Charlly is legally enlilled to it after any performance condillons hove been mel, th8 amounts Gan be measured rellably, and il is probable Ihal income will be received. Cash donations are recognised on recelpl. Other donations are recognised on¢e the Charity has been notified of the donallon, unless performance conditions require deferral of the amount. Income tax recoverable In relatlon to donations received under Gift Aid or deeds of covenant is recognlsèd at the tlme of Ihe donallon. Legacles are recognised on re¢elpl or olherwlse If the Charlty has been notified of an impendlng dlslribulion, the amount Is known, and receipl is expected. If the amount Is not known, the legacy is Irealed as a conllngent asset. 1.5 Expend5ture Income and expenses are included In the flnancial stalemenls as they become receivable or due. Expenses Include VAT where applicable as the company cannot reclaim it. MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Icontlnued) 1.6 Tanglble fixed assels Tangible fixed assets are Initially measured al cost and subsequenlly measured al cost or valuation, net of depreciation and any impalrmenl losses. Depreciation is recognised so as to write off the cost or valuatlon of assets less Iheir resldual values over thelr useful lives on the following bases: Freehold land and bulldings Flxlures and fillings Computers 20/0 straight line 200/0 reducing ba18nce 25bA straight Ilne Thè galn or loss arising on the disposal of an asset is de16rmined a8 the difference between the sale proceeds and the carrying value of the asset, and is recognised in net incomèl(expenditurel for the year. 1.7 Impalrment of flxed assets At each réporting end dale, the Charity revlews the carrying amoLtnts of Its tangible assets to delermlne whether there is any indication that those assets have Suffered an impairment108s. If any such indkatlon exlsts, the recoverable amount of the asset is estimated In order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, dep0511s held al call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings In current Ilabllitles. 1.9 Flnanclal Instruments The Charity has elected lo apply the piovisions of Section 11 'Basic Financlal Inslrumenls, and Section 12 'other Financlal Instruments Issues, of FRS 102 lo all of Its financial inslruments. Financial inslruments are recognised In the Charily's balance sheet when the Charity becomes party to the contractual provlsions of the Instrument. Financial assets and liablllties are offset, with the net amounts presented in the financlal stalemenls, when Ihere Is a legally enforceablè right to sèl off the recognised amounts and there is an intentlon lo settle on net basls or to reallse the asset and settle thè118bllity simultaneously. Basio financial assets Basic financial assets, whlch include debtors and cash and bank balances, are Initially measured at tiansaction price including transaclion costs and are subsequently carried at amortised cost uslng the effecllve interest method unless the arrangement conslllules a financing transacllon, where the transaction Is measured al the present value of the future recelpls dlscounled at a market rate of Inlerest. Flnancial assets classified as receivable within one year are not amorilsed. MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles {Continuedl Baslc financlal Ilablllties Baslc financial liabilllles, Including ¢redilors and bank loBns are Inltially recognised at transaction price unless the arrangement conslitutes a financing Iransacllon, where the debt instrument is measured al the present value of the future payments dlscounted al a markel rale of interest. Flnanci81 Ilabilities classilied as payable wlthln one year are nol amorlised. Debt instrumenls are subsequently carried at amortised cost, using the effective interest rale method. Trade créditors are obllgations to pay for goods or services Ihat have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilitles if payment is due within one year or less. If not, they are presented as non-current liabllllies. Trade credltors are recognised initially 81 transacllon Price and subsequently measured al amortised cost using the effective interest method. Derecognltlon of flnanclal Ilabllitie5 Financial Ilabilities are derecognlsed when the Charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement Is recognlsed In Ihe period in which the employee's services are received. Termlnalion benefits are reGognised Immediately as an expense when tho Charity is demonstrably committed lo terminate Ihe employment of an employee or to provide teTminalion benefits. 1.11 Retlrement beneflts Paymenls to defined Gontribulion reliremenl benefil schemes are charged as an expense as they fall due. Donatlons and legacles Total Unrestricted funds 2023 2022 Grants receivable 20,913 Grants re¢elvable for core actlvltles othèr 20,913 20,913 10- MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltable actlvltles Income 2023 Income 2022 Mediatlon Theory & Pracllce Tralnlng Cuslomlsed Training SupeNislon Peace Training 26,707 7,693 226 137,562 60,490 18,000 9,907 28,337 172,188 116,734 Other Iradlng actlvltles Unrestrlcted Unrestricted funds funds 2023 2022 Rental income 10,444 10,488 Ralsing funds Unrestricted Unfeslricted funds funds 2023 2022 Staff costs 25,545 20,405 25,545 20,405 11 MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitable actlvlties Charltable CharStable Expendlture Expendlture 2023 2022 Depreciation and impalrment Associates & other consultancy fees Tralnlng accredilatlon Support costs 8,753 50,344 7,961 62,732 8,698 41,640 2,292 68,685 149,790 121,315 Share of governance costs (see note 71 6,955 5,177 156,745 126,492 Analysls by fund Unresliicled funds Restricted funds 148,195 8,550 117,942 8,550 156,745 126,492 Governance costs GovernanGe costs 2022 Governance costs 2021 Basls of allocatlon Staff Costs Independent examiners fee 6,096 859 4,627 550 Actual Governance 6,955 5,177 Trustees None of the Trustees lor any persons connècted with them) received any remuneration or beneflls from the Charily during Ihe year. 12- MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Employees The average monthly number of employees during the year was.. 2023 Number 2022 Number Total Employment costs 2023 2022 Wages and salarle5 Social security costs other pension costs 78,874 2,887 2,471 65,893 1,452 1,306 84,232 68,651 10 Tanglble flxed assets Freehold land Flxtures and and bulldlngs flttlngs Computer8 Total Cost At 1 April 2022 Additions 427,500 26,694 1.168 40,518 494,712 1,168 Al 31 March 2023 427,500 27,862 40,518 495,880 Depreclatlon and Impalrment At 1 April 2022 Depreciation Charged in the year 150,810 8,550 26,101 203 40,518 217,429 8,753 At 31 March 2023 159,360 26,304 40.518 226,182 Carrylng amount At 31 March 2023 268,140 1,558 269,698 Al 31 March 2022 276,690 594 277,284 11 Debtors 2023 2022 Amounts falling due wlthln one year: Trade debtors Other debtors Prepayments and accrued Income 3,265 31,578 481 102 112 3,377 32,161 13- MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Crodltors: amounts falllng due wlthln one year 2023 2022 Notes Bank overdrafts Other laxatlon and social securily Payments received on account Trade creditors Accruals and d6ferred income 926 (2,052) 21,985 927 929 271 6,260 3,809 921 22,715 11,261 13 Analysls of net assets between funds Unrestrlcted RestrlGted funds funds 2023 2023 Total Unreslrlcted funds 2022 Restricted funds 2022 Tolal 2023 2022 Fund balances al 31 March 2023 are represented by.. Tangible assets Current assetsllliabililies) 133.314 45.567 136,384 269,698 45,567 132,350 37,639 144,934 277,284 37,639 178,881 136,3B4 315,265 169,989 144,934 314,923 14 Related party transaGllons There were no dlsclosable related party transacllons during the year (2022 - none). 14-