Charity Regtstration No. NIC101039
Company Registration No. N1038979 (Northern Ireland)
HMRC Charity No. XR41050
N.1. ALTERNATIVES LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

N.1. ALTERNATIVES LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr. P Bunting
Rev G Mason
Mr. G McKay
Ms. G Mcveigh
Mr. J Redpath
Mr. B Hunniford
Secretary
Mr. T Winstone
Charity number
NIC101039
HMRC Charity Number
XR41050
Company number
N1038979
Registered office
137 Agnes Street
Belfast
Co. Antrim
Northern Ireland
BT13 1GG
Auditor
HMCI Ltd T/A Hamill Mcllwaine
Chartered Accountants &
Registered Auditors
28-30 Old Mountfield Road
Omagh
BT79 7BJ
Bankers
Danske Bank
Donegall Square West
Belfast
Co. Antrim
Northern Ireland
BT1 6JS

CONTENTS
Page
Trustees, report
Independent auditor's report
8- 11
Statement of financial activities
12
Balance sheet
Cash Flow Statement
14
Notes to the accounts

TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their report and accounts for the year ended 31 March 2023.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts
and comply with the charity's governing document, the Companies Act 2006 and 'Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (as
amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The company's objectives and principal activities are to promote a non-violent restorative community response
to justice issues in Northern Ireland. N.1. Alternatives Ltd will identify needs. often in partnership with local
communities and other voluntary and statutory bodies, relating to safety and conflict within communities, and
will attempt to heal relationships in a restorative way. At the same time, it hopes to raise community awareness
on the issues affecting young people and adults who are deemed to be at risk.
The maln objectives and activltles of the company are:
To organise within the community to devise non-violent alternatives to Issues of community justice. To help
and work with young people in order to resolve the problems affecting their lives. To direct young people
away from destructive and dangerous practices towards healthy and constructive activities. To enable young
people to personally reflect on the potentially damaging consequences of risky and criminal behaviour. To
address areas of weakness and failure within the formal criminal justice system. To heal relationships within
the community and to promote better relationships between the community and statutory agencies. To work
towards a sustainable model of delivery for as much of the company's services as possible.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities
the charity should undertake.
Achievements and performance
NIA has offices across Northern Ireland North Belfast, Greater Shankill, East Belfast, South Belfast, North
Down, Magherafelt, Portadown and Larne.
NIA has provided restorative support to over 1200 victims of crirne and anti-social behaviour, involved 3,500
young people in diversionary programmes including schools work and intervened in over 300 neighbourhood
disputes to find a peaceful and non-adversarial resolution.
NIA also enhanced its wraparound counselling mechanism to ensure clients were receiving a holistic seNice
ncluding restorative support, activities, mentoring and therapeutic interventions. This growth was able to
happen as a result of funding from the Community Foundation N.1.
NIA continued delivering on the Communities in Transition Programme through The Executive Office to tackle
paramilitarism. NIA delivered projects for or along with support from Community Restorative Justice Ireland,
Belfast City Council, NIHE and Big Lottery Fund (others listed in Note 31.
During this financial period, NIA also received funding from the Department of Foreign Affairs for the Young
Futures Programme in North Belfast which is serving to act as 'bridge' funding until Peace Plus becomes
operational.

N.1. ALTERNATIVES LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Financial review
The charity generated a net increase in funds of £421,266. This has resulted in the company's reserves
increasing from £929,774 to £1,351,040.
P¥incipal Funding Sources
The funding sources for the company are varied and are made up by the Departments for Community (Dfc.
The Executive Office) and Department of Justice IDOJI, as well as some smaller grants. As a result of increasing
constraints on government expenditure, as well as expansion of its activity base, the charity has to seek funding
from a much broader group of agencies. The involvement of the charity with a grouping of statutory agencies
nterested in issues of community justice is proving particularly useful in identifying possible opportunities for
a much wider and strategically orientated range of funding for the future. There is a government-approved
Protocol in place that promotes better working between the charity as a community-based restorative justice
scheme and statutory organisations within the formal justice sector. This Protocol is currently under review,
and the charity hopes that this process will lead to the social impact of its services being reflected more within
funding contracts.
Reserve5 Policy
The charity aims to maintain at least three month's operational costs. In recent times the charity undertook
some additional projects with the aim of increasing the reserves to provide a level of reserves to enable the
charity to continue its activities should temporary funding gaps arise in the future.
Going Concern
The company is reliant on funding bodies to provide its primary income. Much of this funding is not recurring.
The company is dependent on obtaining future funds to allow its programs to continue. Post year end the
company has been able to continue to attract funds from its current funders and also additional funds from
Peace Plus.
Services
Nl Alternatives Ltd delivers a wide range of services for the public benefit, but all of them are underpinned by
the principles of restorative practice. In essence this involves the healing or fixing of the fragmented individual.
family and community relationships that lead to crime, anti-social behaviour and community conflict. Services
available include the Intensive Youth Support Programme {for individuals), Wrap Around Youth Support
Programme (holistic support), Family Support, Victim Suppo¢ Counselling, Preventative Group Work (for
young people 'at risk), mediation se￿ICe$ (including work on behalf of Northern Ireland Housing Executive,
housing associations and PSNI) restorative work with adult offenders, employability and good relations training
for NEET (Not in education, employment or training) young people, schools outreach work, and detached
street engagement. The company can also deliver training in restorative practice, principles and awareness to
a wide client base.
The charity delivers contracts on behalf of the Belfast Health and Social Services Trust/Belfast Outcomes Group
in terms of Family Support and Family Hub seNices, and plays a major role in implementing local community
safety strategies as part of the Neighbourhood Renewal process. Much of its work is delivered on a
collaborative basis, and the agency has partnerships in place with a great many statutory, commL¢nity and
voluntary bodies. It is the lead body in two major partnerships that are funded by Peace IV. Much of the work
relied upon the contribution of around 300 volunteers, and was delivered in marginalised communities.

N.1. ALTERNATIVES LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Plans for Future Periods
The company has developed a strate9ic business plan to facilitate the marketing of some of its services along
a social economy model. This will help to generate additional revenue that will enhance SL+Stainability. The
government-related Adult Restorative Strategy which became operational in 22123 also means to promote a
more strategically-focused model of seNice delivery for restorative practice. New opportunities are being
explored to incorporate restorative practice into institutionalised settings, and to allow more ready access to
a statutory referral process under the terms of the Protocol that was established to increase co-operation with
the state agencies that hold membership of the formal justice system.
NIA has developed a Univer51ty qualification on restorative practice/justice in partnership with Ulstei University
and it is anticipated that this new development will help to generate a small income stream.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are
in place to mitigate exposure to the major risks.
Structure. governance and management
Governing Document
The organisation is a charitable company limited by guarantee, incorporated on 21 st July 2000 and registered
as a charity by HMRC on 1 st July 2000. The company was established under a Memorandum of Association
and is governed under its Articles of Association. On 14th November 2014 the company was officially
registered by the Charity Commission for Northern Ireland with the charity number NIC 101039.
The trustees, who are also the directors for the purpose of company law, and who served during the year
were:
Peter Bunting
Rev Gary Mason
Gary McKay
Grainne Mcveigh
Jackie Redpath
Recruitment and Appointment of Management Committee
The directors of the company are also charity trustees for the purposes of charity law and under the company's
Articles are known as members of the Board. Under the requirements of the Memorandum and Articles of
Association the members of the Board are elected to serve for a period of one year after which they must be
re-elected at the next Annual General Meeting.
Trustee Induction and Training
Upon their appointment all new trustees are required to undergo training on the governance arrangement5
for the company, their roles and responsibilities as trustees, the principles of restorative justice, and the
operations and services carried out by the company.
Risk Management
The Board has conducted a review of the major risks to which the charity is exposed. A risk register has been
established and is updated at least annually. Where appropriate, systems or procedures have been established
to mitigate the risks the charity faces. Significant external risks to funding have led to the development of a
strategic plan which will allow for the diversification of funding and activities. Internal control risks are
minimised by the implementation of procedures for authorisation of all transactions and projects. These
procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.

N.1. ALTERNATIVES LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Organisational Structure
Nl Alternatives Ltd has a Board of up to eleven members who meet quarterly and are responsible for the
strategic direction and policy of the charity. At present the Board has nine members from a variety of
professional background5 relevant to the work of the charity. The Secretary also sits on the Board but has no
voting rights.
A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the
Chief Executive, along with the Services, Operations and Finance and Administration Managers. The Chief
Executive is responsible for ensuring that the charity delivers the services specified and that key performance
indicators are met.
Related Parties
The company acts as an umbrella body for five local-based restorative justice organisations, and these
organisations are represented on the Board.
Statement of trustees. responslbilities
The trustees, who are also the directors of N.1. Alternatives Limited for the purpose of company law, are
responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare accounts for each financial year which give a true and fair view
of the state of affairs of the charity and of the incoming resources and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these accounts, the trustees are reqlfired to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the accounts,. and
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will
continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy
at any time the financial position of the charity and enable them to ensure that the accounts comply with the
Charities Act (Northern Ireland) 2008. 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.

N.1. ALTERNATIVES LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Statement of disclosure of information to auditors
In so far as the Trustees are aware..
There is no relevant audit information of which the charitable company's auditor is unaware., and
The Trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditors is aware of that information.
Independent Auditors
The auditors, HMCI Ltd T/A Hamill Mcllwaine, have indicated their willingness to remain in office and a
resolution for their re-election will be proposed at a forthcoming General Meeting.
The trustees, report was approved by the Board of Trustees and signed on their behalf.
Mr J Redpath
Trustee
Date.. 20th December 2023

N.1. ALTERNATIVES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF N.1. ALTERNATIVES LIMITED
Opinion
We have audited the financial statements of N.1. Alternatives Limited for the year ended 31 March 2023 which
comprise the Balance Sheet as at 31 March 2023,. the statement of financial activities, cash flow statement and
notes to the financial statements, 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 Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic
of /reland{United Kingdom Generally Accepted Accounting Practice).
In our opinion, N.1. Alternatives Limited's 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, and cash flows for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
(United Kingdom Accounting Standards, comprising FRS 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland" and applicable lawl and-,
have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial statements section of our report. We are independent of the company 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 we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is suff icient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the members use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charities ability to continue as a
going concern for a period of at least twelve 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.

N.1. ALTERNATIVES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF N.1. ALTERNATIVES LIMITED
Reporting on other information
The other information comprises all the information in the Annual Report other than the financial statements and
our auditors, report thereon. The trustees are responsible for the other information. Our opinion on the financial
statements does not cover the other information and, accordingly, we do not express an audit opinion or, except
to the extent otherwise explicitly stated in this report, any form of assurance thereon.
In connection with our audit of the financial statement5, 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 perform procedures to conclude whether
there is a material misstatement of 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 based on these responsibilities.
Based on the responsibilities described above and our work undertaken in the course of the audit, ISAS IUKI require
us also to report certain opinion5 and matters as described below.
Matter5 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 Report of the Trustees.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the trustees,
report,. or
adequate accounting records have not been kept, or returns adequate for our audit have not been received
by us,. or
the financial statements are not in agreement with the accounting records and returns,. or
we have not received all the information and explanations we require for our audit.

N.1. ALTERNATIVES LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF N.1. ALTERNATIVES LIMITED
Responsibilities of the Trustees for the financial statements
As explained more fully in the Statement of Trustees. Responsibilities set out on page six, the trustees are
responsible for the preparation of the financial statements in accordance with the applicable framework and for
being satisfied that they give a trLte and fair view. The trustees are also responsible for such internal control as they
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 concern basis
of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic
alternative but to do so.
Auditors, responsibilitles for the audit of the financial statements
We have been appointed as auditor under paragraph 6 of schedule 6 of the Charities Act {Northern Ireland) 2008
and report in accordance with regulations made under section 66 of that Act.
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 IUKI 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 statements.
Irregularities, including fraLtd, are instances of non-compliance with law5 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..
We gained an understanding of the legal and regulatory framework applicable to the charity and the industry in
which it operates, and considered the risk of acts by the charity that were contrary to applicable laws and regulations,
including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a
material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may
involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
10

N.1. ALTERNATIVES LIMITED
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE MEMBERS OF N.1. ALTERNATIVES LIMITED
We focused on laws and regulations which could give rise to a material misstatement in the financial statements,
including, but not limited to, the accounting and reporting of charities and UK tax legislation. Our tests included
agreeing the financial statements disclosures to underlying supporting documentation, enquiries with management
and enquiries of legal counsel where appropriate. There are inherent limitations in the audit procedures described
above and, the further removed non-compliance with laws and regulations is from the events and transactions
reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit
matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management
override of internal controls, including testing journals and evaluating whether there was evidence of bias by the
committee members that represented a risk of material misstatement due to fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of
the Auditors.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts
and Reports) Regulations (Northern Ireland) 2015. Our audit work has been undertaken so that we might state to
the charity's trustees those matters we are required to state to them in an auditor's 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 trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Mr Rodney Hamill FCA (Senior Statutory Auditor)
for and on behalf o* HMCI Limited
TIA Hamill Mcllwaine
28-30 Old Mountfield Road
Omagh
Co. Tyrone
BT79 7BJ
Date: 20th December 2023
HMCI Limited IT/A Hamill Mcllwainel is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

N.1. ALTERNATIVES LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted
funds
Restricted
funds
Total
2023
Total
2022
Notes
Income and endowments from:
Charitable activities
Other trading activities
Investments
2.590,727 2,590.727
2,002,006
431
431
572
Total income
431
2.590,727 2.591.158
2,002,578
Ex
enditure on:
Charitable activities
2,169.892 2,169,892
1,755,625
Net loutgoing) resources before transfers
431
420.835
421,266
246,953
Transfers between funds
Net {expenditure} for the year
431
420.835
421,266
246,953
Fund balances brought fO￿ard
97.096
832.678
929,774
682,821
Fund balances carried forward
97.527
1,253.573 1.351,040
929,774
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure
account under the Companies Act 2006.
12

N.1. ALTERNATIVES LIMITED
BALANCE SHEET
ASA T31 MARCH 2023
2023
2022
Note5
Fixed as5etS
Tangible assets
Current assets
10
178,207
137,203
Debtors
458,787
807,970
519,269
320,942
Cash at bank and in hand
1.266.757
840,211
Creditors: amounts falllng due within
one year
12
{93,924)
147,640)
Net current assets
1.172,833
792,571
Total assets less current liabilities
1,351.040
929,774
The funds of the charity
Restricted funds
1.253,513
832,678
Unrestricted funds
97.527
97,096
Total funds
14115
1,351,040
929,774
The notes on pages 15 to 26 are an integral part of these financial statements.
The financial statemen
its behalf
s on pages 12 to 26 were approved by the Trustees 20lh December 2023 and were signed
Mr J Redpath
Trustee
Company Registration No. N1038979
13

N.1. ALTERNATIVES LIMITED
CASH FLOW STATEMENT
AS A T31 MARCH 2023
2023
2022
Notes
Cash flow5 from operating activities
Net cash (used in) operating activities
Cash flows from financing activities:
Interest received
Cash flows from investing activities:
534,312
14,475
572
IPurchase)/Disposal of tangible fixed assets
Change in cash and cash equivalents in the reporting
period
Cash and cash equivalents at the beginning of the
reporting perlod
Total cash and cash equivalents at the end of the reporting
period
(47,284)
487.028
3,948
18,995
320.942
301,947
807,970
320,942
Notes to the cash flow statement
Reconciliation of cash flows from operating activities
2023
2022
Net (expenditure) for the reporting period
Adjustments for..
Interest received
421.266
246,953
15721
4,357
1249,7311
13,468
14,475
Depreciation
Ilncrease)/decrease in debtors
Increase/ldecreasel in creditors
Net cash used in operating activities
6.280
60.482
46,284
534,312
Analysis of cash and cash equivalents
2023
2022
Cash at bank and in hand
Total cash and cash equivalents at end of the reporting period
807,970
807.970
320,942
320,942
14

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
Charity information
N.1. Alternatives Limited is a private company limited by guarantee incorporated in Northern Ireland and
has no share capital. The registered office is 137 Agnes Street, Belfast, Co. Antrim, BT13 IGG, Northern
Ireland.
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's governing document, the Companies
Act 2006 and -Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from l January 20161.
The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts
in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention to include certain financial
instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the accounts.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes
and uses of the restricted funds are set out in the notes to the accounts.
1.4 Incomin9 resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been
met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time
of the donation.
15

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
(Continued)
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending
distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated
as a contingent asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for goods and seNices provided in the normal course of business, net of discounts, VAT and
other sales related taxes.
1.5 Resources expended
Expenditure is recognised on an accruals basis as a liability incurred. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which is relates:
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such
activities and those costs of an indirect nature necessary to support them.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to
reflect the use of the resource. Costs relating to a particular activity are allocated directly, others
are apportioned on an appropriate basis, as set out in the notes to the accolsnts.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases..
Freehold land and buildings
Fixtures and fittings
2% Reducing Balance
25 /0 Reducing Balance
The 9ain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in net income/lexpenditure) for the year.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable arnount of the asset is estimated in order to determine the extent of the impairment
loss lif any).
Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for
impairment annually, and whenever there is an indication that the asset may be impaired.
16

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
(Continued)
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at 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 ctjrrent liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on
a net basis or to realise the asset and settle the liability simultaneously.
Baslc flnancial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the ftjture receipts discounted at a market rate of interest. Financial
assets classified as receivable within one year are not amortised.
Baslc financlal Ilabllltles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price
unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the
present value of the future payments discounted at a market rate of interest. Financial liabilities classified
as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course
of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within
one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially
at transaction price and subsequently measured at arnortised cost using the effective interest method.
Derecognition of financlal liabilities
Financial liabilities are derecognised when the charity s contractual obligations expire or are discharged or
cancelled.
17

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
(Continued)
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's Se￿iceS
are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit or loss in the period to which they relate.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense a5 they fall due.
1.12 Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on
a straight line basis over the term of the relevant lease.
Critical accountSng estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, o¥ in the period of the revision and future periods where the revision affects both current and future
periods.
The key sources of estimation uncertainty at the reporting date that have a significant risk of causing a
material adjustment to the carrying value of assets and liabilities within the next financial year include..
i) Useful economlc lives of tangible fixed assets
The annual depreciation charge for tangible assets is sensltive to changes in the estimated useful
economic lives and residual values of the assets. The useful economic lives and residual values are
reassessed annually.
ii) Accruals
The directors estimate accruals based on the information available at the time ol preparing the financial
statements and adjust as more accurate information is made available.
18

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charitable activities- Income
Unrestricted
Restrtcted
funds
Total
Total
funds
2023
2022
Grant Income
2,590,727
2,590,727
2,002,006
For the year ended 31 March 2022
Unrestricted funds
Restricted funds
2,002,006
2,002,006
2,002,006
2,002,006
Grant Income Analysis
Probation Board for Northern Ireland
Include Youth
20,000
129.277
135,000
141,134
364,526
108,500
72,796
9,998
108,580
48,570
40,000
121,476
25,500
605,414
139,741
Dept. for Social Development
Northern Ireland Housing Executive
Belfast Trust
167,692
80.918
24,850
93,675
36,252
20.000
154,773
Big Lottery Fursd
Dept. of Justice
Dept. of Foreign Affairs (Reconciliation)
PSNI
Belfast City Council
NIO
The Executive Office
786,292
402,329
CRJI
ACB&C Borough Council
A&ND Council
2,383
5,084
2,000
43,610
13,500
Sperrin
Community Foundation
Social Change Initiative
NIACRO/ASPIRE
Rural Action/ International Fund Ireland
Dept. for Communities
Other
22,248
3.250
80,000
67.150
404,974
97,047
14,194
2,002,006
2.590.727
2.590.727
19

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Other trading activities- Income
2023
2022
Room hire and facilitation
Counselling services
Investments- Income
2023
2022
Interest receivable
431
572
Charitable activities - expenditure
Unrestricted
Fund5
Restricted
Funds
Total
2023
Total
2022
Staff costs (note 81
Programme costs
1,326,372
586,380
1.326,372
586,380
1,225,045
380,119
1,912,752
1,912,752
1,605,164
Support costs (note 7}
257,140
257.140
150,461
2.169.892
2,169,892
1,755,625
For the year ended 31 March 2022
Unrestricted funds
Restricted funds
1,755,625
1,755,625
1,755,625
1,755,625
20

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
7 Support costs- expenditure
Unrestricted Restricted
Total 2023
Total 2022
Depreciation
Rent & rates
6,280
33,209
6,280
33,209
5.177
7,329
13,996
19.375
447
4,357
27,357
6,759
3,963
Repairs & maintenance
Insurance
5,177
7,329
13,996
19,375
447
Light & heat
Office expenses
Bank charges
General expense5
Travel costs
12,729
13,318
322
2,444
50,475
51,097
2,720
1,535
63,056
2.444
50,475
51,097
2.720
1,535
63,056
18,840
59,026
2,540
1,250
Staff training
Audit fee
Accountancy
Legal and professional
257,140
257.140
150,461
21

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Net Incoming Resources/lncome for the year
2023
2022
Thi5 Is stated after charging:
Salaries
1.163.531
107,652
55,189
1.326.372
1,076,511
95,848
52,686
1,225,045
Social security costs
Other pensions costs
Staff costs
Depreciation charged
Fees payab5e to the company's auditor for the audit o* accounts
6.280
2,720
4,357
2,540
Employees
Number of employees
The average monthly number employees during the year was=
2023
2022
Number
Number
Average
42
40
No employee received remuneration above £60,000 during the year12022'. none).
Trustees
During the year, no trustee received any emoluments 12022.. £Nill.
Key management compensation
The compensation paid or payable to key management {the two co-directorsl for employee services is shown
below
2023
2022
Key management compensation
Pension
120.315
106,874
7,680
7,680
22

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
10
Tangible fixed assets
Freehold
land and
Fixtures and
buildings
Fittings
Total
Cost
At 1 April 2022
Additions
145,705
36,182
31,444
11,102
177,149
47,284
At 31 March 2023
181,887
42.546
224.433
Depreciation
At 1 April 2022
Charge for the Year
16,633
2,882
23,313
3,398
39,946
6,280
At 31 March 2023
19.515
26,711
46.226
Net book value
At 31 March 2023
162.372
15.835
178,207
At 31 March 2022
129,072
8,131
137,203
The property on Agnes Street was acquired in 2016 and is subject to a covenant which novated along with
the property. The previous owner had entered into a 22 year covenant (commencing in 20091 and a 10
year covenant (commencing in 20101 with the Department of Education whereby the Department of
Education would fund the refurbishment costs. Should the propety cease to be used for charitable youth
activities, or other activities as set out in the covenant, a portion of the refurbishment C05t5 could be
repayable to the Dept. of Education.
23

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Debtors: amounts falling due within one year:
2023
2022
Other debtors
Related party debtors
Prepayments and accrued income
455,662
418,397
84,112
16,760
3,125
458,787
519,269
12
Creditors.. amounts falling due within one year
2023
2022
Other taxation and social security
Accruals
3.181
90,743
28,898
18,742
93,924
47,640
13 Taxation
The company is a registered charity and, as such, is entitled to certain tax exemptions on income and profits
from investments and surpluses on any trading activities carried on in furtherance of the charity's primary
objectives, if these profits and surpluses are applied solely for charitable purposes.
24

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
14
Restricted funds
Balance at
l Aprll 2022
Incoming
resources
Resources
expended Transfers
Balance at 31
March 2023
Restricted fund
832,678 2,590,727
12,169,892)
1,253,513
Unrestricted fund
97,096
431
97.527
929,774 2,591,158
(2,169,892)
1,351,040
15
Analysis of net a55ets between
funds
Unrestricted Restricted
Funds
Funds
Total
Fund balances at 31 March 2023 are represented by:
Tangible assets
Current assets/{liabilitiesl
1,169
96,358
177,038
178,207
1,172.833
1,076.475
97.527 1,253,513
1,351.040
25

N.1. ALTERNATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
16 Related party transactions
The accumulated balance of amounts paid by N.1. Alternatives Limited on behalf of the related parties
over several years has been written off as it was considered L¢nlikely the related parties would be called
pon to reimburse the company. The related parties are:
Bangor Alternatives Ltd
Greater Shankill Alternatives Ltd
North Belfast Alternatives Ltd
East Belfast Alternative5 Ltd
South Belfast Alternatives Ltd
The above entities are related as they have one representative of their Board appointed to the Board of Nl
Alternatives Ltd.
17 Llability of Members
N.1. Alternatives Ltd is a company limited by guarantee. The liability of the members is limited to an
amount not exceeding £1.
26