Charlty Reglstratlon No. NIC100936 Company Reglstratlon No. N1033978 INorthern Irelandl MEDIATION NORTHERN IRELAND (A company limited by guarantee) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
MEDIATION NORTHERN IRELAND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrèstrlcted Restrlcted funds funds 2024 2024 Total UnTeslTi¢led Restricted funds funds 2023 2023 Total 2024 2023 Notes ncome from: Donations and legacles Charitable aclivllles Other trading activities 13,125 13,125 129,070 15,066 129,070 15,066 172,188 10,444 172,188 10,444 Total Incom8 144,136 13,125 157,261 182,632 182,632 endlturo on: Ralsing funds 35,575 35,575 25.545 25,545 Charllable a¢llvilie8 153,980 18,210 172,190 148,195 8,550 156,745 Total resources expended 189,555 18,210 207,765 173,740 8,550 182,290 Net (expendlture)Ilncome for the yearl Net movement In funds (45,419) (5.085} (50,504) 8,892 (8,5501 342 Fund balances al 1 April 2023 178,881 136.384 315,265 169.989 144.934 314,923 Fund balances at 31 March 2024 133,462 131,299 284,761 178,881 136.384 315,265 The slalement of financial a¢llvilles includes all gains and losses recognised in the year, All Income and expendllure derlve from ¢onllnuing activllies. The slalement of financial a¢livilie8 also complies with the requirements for an income and expenditure account under the Companies Act 2006,
MEDIATION NORTHERN IRELAND BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notès Flxed assets Tanglble assels Current assets Deblors Cash al bank and in hand 10 263,059 269,698 11 8,571 6,459 3.377 64.905 15,030 68,282 Credltors: amounts falllng due wlthlTh one year 12 (13,328) (22,715) Nel current assets 1,702 45,567 Total assets less current Ilabllltles 264,761 315,265 Income funds Restrlcted funds Unreslricled funds 131,299 133,462 136,384 178,881 264,761 315,265 The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companles Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibililies for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a Irue and fair view of the slate of affairs of the company as al Ihe end of Ihe financial year and of ils incoming resources and application of resources, including its income and expendilure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies A¢1 2006 relating lo financial stalemenls, $0 far as applicable to the company. The member has not required the company lo obtain an audit of its financial slatemenls for the year in question in accordance wilh section 476. These financlal stalemenls have been prepared in accordance with the provlsions appllcable to companies subject to the small companies regime. The financial statements were approved by the Trustees on t |.Icy.1.2L Catherine Turner Dlrector & Trustee Company Reglstratlon No. N1033978
MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Charlty Informatlon Mediation Northern Ireland is a private company limited by guaranle8 Incorporated in Northèm Ireland. The reglstered office is 83 University Street, BELFAST, BT7 1 HP. 1.1 Accounllng conventlon The financlal statements have been prepared in accordance wlth the Charlty's Igovernlng documenll, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Pr8cllce applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (efleclive 1 January 2019)" The Charity is a Public Benefit Enlily as defined by FRS 102. The Chafily ha$ taken advantage of thè provisions In the SORP for ch8fitie5 applying FRS 102 Update Bulletin 1 nol lo prepare a Statement of Cash Flows. The flnanclal statements are prepared In sterllng, whlch Is the funcllonal currency of Ihe Charity. Monetary amounts in these financial slatements are rounded lo the nearest £. The financial statements have bèen prepared under the hlslorlcal cost convention. modified lo Include the revaluallon of freehold propertles and to include investment propertles and ¢ertaln financlal Instruments al falr value. The principal accounting policies adopted are set out below. 1.2 Golng concern Al the lime of approvlng the financial slalements, the Truslees have a reasonable expeclation that the Charity has adequate resources to conllnue In operatlonal existence for the foreseeable future. Thus the Trustee8 continue to adopt the going concern basis of accounting in preparlng the flnanclal slatemenls. 1.3 Charltable funds Unrestricted funds are available for use al the discretion of the Trustees in furtherance of their charitable objèctives. Restricted funds are subject to specific conditions by donors as lo how they may be used. The purwses and uses of the reslricled funds are set out in the notes lo the financlal statements. Endowmenl funds are subject lo specific condlllons by donors that the capital musl be maintained by the Charlty. 1.4 Income Income Is recognlsed when the Charity is legally enlilled to it after any performance conditions have been mel, the amounts can be measured reliably, and il is probable that income will be received. Cash donallons arè recognlsed on recelpl. Other donallons are recognised once the Charity has been notlfied of Ihe donatlon, unless performance conditions require deferral of the amount. Income lax recoverable In relation lo donations received under Glfl Ald or deeds of Covenant is recognised at the Ilme of the donalion. Legacles are recognised on receipt or otheise if the Charity has b&en notified of an impendlng distribution, the amounl Is known, and recelpl Is expected. If the amount Is not known. the legacy Is treated as a contingent asset. 1.6 Expend5turè Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT wheTe applicable as the company Gannol reclaim11.
MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Contlnuedl 1.6 Tanglble flxed assets Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuallon, net of deprecialion and any impairment losses. Depreciation is recognised so as to write off the cost or valuallon of assets less their residual values over their useful lives on the following bas6S'. Freehold land and buildlngs Fixlures and fillings Computers 20A slraighl line 209/0 reducing balanc8 25Dkn slr8ight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the cafrylng value of the asset, and Is recognised in net incomel{expenditurel for the year. 1.7 Impalrment of flxed assets At each reporting end date, Ihe Charity reviews the carrying amounts of ils tangible assets lo determine whelher there Is any Indlcallon Ihal thosé assels have suffered an Impairment loss. If any such indication exists. Ihe recoverable amounl of the asset is esllmaled in order lo determine the exlenl of Ihe impairmenl loss (if any). 1.8 Cash and cash equlvalents Cash and cash equiva5ent$ Include cash in hand, deposlts held at call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafls. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal Inslrumonts The Charity has elected lo apply Ihe provlsions of Section 11 'Basic Financial Instrumenls, and Seclion 12 'Olher Financial Inslrumenls18sues' of FRS 102 to all of its financial instruments. Financial inslrumenls are recognised in Ihe Charity's balance sheet when the Charity becomes party lo the contractual provislons of the instrument. Financial assels and liablllties are offset, with Ihe net amounts presenled In the finanGI81 stalements, when there Is a legally enforceable right lo sel off the recognised amounts and Ihèfe Is an Inlenllon to $ellle on a net basis or lo realise the asset and sellle the liability simultaneously. Baslc Ilnanclal assels Basic financial assets, which include deblors and cash and bank balances, aré initially measured al transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless Ihe arrangement conslitules a financing transaction, where the transacllon is measured al the present value of the future recelpls dls¢ounled al a m8rkel rate of interest. Financial assels Classified as receivable withln one year are nol amortised. 10-
MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountlng poll¢les Icontlnued) Baslc flnanclal Ilabllltles Basic flnancial liabllities, including credllors and bank108ns are inltially recognlsed al transaction piice unless the arrangement conslilules a financlng transaction, where the debt inslTumenl Is measured at Ihe present value of the fulure payments dlscounted al a market rale of Interest. Financial Ilabilities classlfled as payable wlhln one year arè not amorllsed. Debt Instruments are subsequently carrled al amortised cosl, using the efleclive interest rale method. Trade creditors are obligalions to pay for goods or services that have been acquiied in Ihe ordinary course of operations from suppliers. Amounts payable are classified as cuTrent liabililies if payment is due within one year or less. If not, they are pTe8ented as non.current liabilllies. Trade credllors are recognlsed inlllally al transaction prlce and subsequenlly measured al amortised cost uslng the effecllve Interest method. Derecognltlon of flnanclal Ilablllties Financial liabilities are derecognised when the Charlty's contra¢lual obllgallons expire or are discharged or cancelled. 1.10 Employee beneflts The cosl of any unused holiday enlillement Is recognlsed in the perlod In which Ihe employee's services are received. Termination benefits are recognlsed immediately as an expense when the Charily15 demonslrebly committed lo terminate the employment of an employee or to provide termlnalion benefits. 1.11 Retlrement beneflts Payménts lo defined conlribullon retirement benefit schemes are charged as an expense as they fall due. Donatlons and legacles Restrlcted funds Tolal 2024 2023 Grants receivable 13,125 Grants recelvable for core actlvltles OlheT 13,125 13.125 11
MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltles Income 2024 Income 2023 Mediation Theory & Practice Training Cuslomised Training Sltpervision Peace Training 73,082 26,648 26,707 7,693 226 137.562 29,340 129,070 172,188 other tradlng actlvltles Unrestrlcted Unrestrf¢ted funds funds 2024 2023 Rental income 15,066 10.444 Ralslng funds Unrestrlcted Unreslrlcted funds funds 2024 2023 Fundr Is Staff costs and 35,575 25,545 35,575 25,545 12-
MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltlès Charltable Charltable Expendlturè Expendlture 2024 2023 staff costs Depreciation and Impalrment Charitable expendlture heading 1 Associates & other consultancy fees Training accreditation Support costs 6,387 9,024 3,234 37,355 8,988 99,054 8,753 50,344 7,961 82,732 164,022 149,790 Share of govemance costs (see note 7) 8,168 6,955 172,190 156,745 Analysls by fund Unreslricled funds Reslricled funds 153,980 18,210 148,195 8,550 172,190 156,745 Governance costs Governance costs 2024 Governance costs 2021 8asls of allo¢atlon Staff costs Independent examiners fee 7,240 929 6,096 859 Actual Governance 8,189 8,955 Trustees None of Ihe Trustee5 (or any persons connected with them) received any remuneralion or beneflls from the Charlty during the year. 13-
MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employe6s The average monthly number of employees during the year was: 2024 Number 2023 Number Total Employment costs 2024 2023 Wages and salaries Social securily c081s Other pension costs 97,757 4,516 3,808 78,874 2,887 2,471 106,081 84,232 10 Tanglblè flxed assets Freehold land FSKlures and artd bulldlngs Iiitlngs Computer5 Total Cost At 1 April 2023 Addllions 427,500 27,862 2,384 40,518 495,880 2,384 Al 31 M8rch 2024 427,500 30,246 40.518 498,264 Dèpreclatlon and Impalrment At 1 April 2023 Depreciation charged In the year 159.360 8,550 26.303 474 40,518 226,181 9,024 At 31 March 2024 167.910 26.777 40,518 235,205 Carrylng amount Al 31 March 2024 259,590 3,469 263,059 Al 31 March 2023 268,140 1,558 269,698 11 Dgbtors 2024 2023 Amounts falllng due wlthln one year: Trade debtors Prepayments and accrued income 8,511 60 3,265 112 8,571 3,377 14
MEDIATION NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Credltors: amounts falllng due wlthln one year 2024 2023 Notes Bank overdrafts Other taxation and social securily Payments received on account Trade creditors Accruals and deferred Income 1,848 2,024 926 12.052) 21,985 927 929 8,528 928 13,328 22,715 13 Analysls of net assets between funds Unrestrlcted Rostrlcted funds funds 2024 2024 Total Unrestricted Reslricled funds funds 2023 2023 Total 2024 2023 Fund balances al 31 March 2024 are represenled by: Tangible assets Current assetsl(liabililles) 89,112 1,702 173.947 263,059 1.702 133,314 45.567 136,384 269,698 45,567 90,814 173,947 264,761 178,881 136,384 315,265 14 Related party transactlons There were no disclosable related party Iransacllons durlng the year {2023 - none). 15-