Company Registratlon Number.. N1062968 Charity Number.. NIC101118 incredAbLE" inspire . empower . include incredABLE IA company limited by guarantee, not havlng a share capltall Annual Report and Audited Financial Statements for the financial year ended 31 March 2025 Daly Park & Company Ltd Chartèred Accountants and Reglstered Audltors 4 Carnegie Street Lurgan Co.Arniagh BT86 6AS Northgm Ireland
incredABLE IA company limited by guarantee. not having a share capltall CONTENTS Page Reference and Administrative Information Trustees, Annual Report 4-10 Statement of Trustees, Responsibilities 11 Independent Auditoff s Report 12-14 Statement of Financial Activrties 15 Balance Sheet 16 Statement of Cash F5ows 17 Notes to the Financial Statement5 18-23
incredABLE IA company limited by guarant88, not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Michael Joseph Best Susan Margaret Best Kathleen Elizabeth Courtenay Edwin Graham Peter Hanna Lisa Mallon IResigned 10 February 20251 Anne Mairead McAlinden Emma Louise Motsney Calla Smylh (Resigned 16 November 20241 Dr Alan Manson Turtle Bernadelle McKeown (ReSne 9 June 20251 Company Secretary Nigel Robert Hampton Charlty Numbar in Northern Iroland NIC101118 Company Ragistration Numbgr NI0628 Registered Office and Prlncipal Address 162 Portadown Road Richhill Co. Armagh BT61 9LJ Northern IreL3nd AudStoYs Daly Park & Company Ltd Chartered Accounlanls and Registered Auditors 4 Carnegie Street Lurgan Co. Am)agh BT66 6AS Northern Ireland Principal Bankers Danske Bank 39 Market Sl Lurgan Co. Armagh BT66 6AB Northern Irgland
incredABLE IA company lirniteil by guarantee. not havlng a Share Capltal TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2025 The trustees present their Trustees, Annual Report, combining the Dire¢lors' Report and Trustees. Report, and the audited financial slalemenls for the financial year ended 31 March 2025. The financial slalemenls are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recomrnended Pra¢ti¢e applicable to charities preparing their financial 51atemenls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Trustees, Report contains the information required lo be provided in the Trustees, Annual Report under the Slalemenl of Recommended Practice {SORPI guidelines. The Iruslees of the company are also charity trustees for the purpose of charity law and under the company's conslilulion are known as members of the board of Iruslees. In this report the Iru51ees ol IncredABLE present a summary of ils purpose. governance. aclivilies, achievements and rinances for the financial year 31 March 2025. structure, Governance and Management Structure incredABLE is a company limit by guarantee and a registered charity. The organisalion is governed by the Trustees who delegate the daily operation of the charity lo the Chief Executive Officer and management team. Trustees Trustees are recruited and appointed at ils Annual General Meeting. The PTocess for the appointment of Trustee5 15 outlinèd in the governing documents. The directors of the organisalion are also charity Iruslees for the purposes of charity law. Each new Iruslee5 undergoe5 an induction process and training in good governance. Raviaw of Activities. Achievements and Perforniance Chief EXeliveS Foreword Dear friends, support8rs. and mernbers of the incredABLE community, 11 is with immense pride and gratitude that we present the incredABLE Annual Report for the year ended 31 March 2025. This report reflects another yaar of growth, innovation, and impact as we continue our mission to create incredible opportunities for individuals with learninglinlellectual disabilities andlor autism. Throughout 202ts25, incredABLE has deepened its reach and strengthened its services across the Southern Area, supporting over 554 children and adults through a diverse range of person-cenlred programmes and initiatives. From social enterprises and cornmunily engagement lo tailored support selvices. our work continues lo be shaped by the voices and aspiraliDns of those we Serve. Our vision rernains clear.. a society where incredABLE people are inspired, empowered, and fulty included. This vision 15 underpinned by our core values-commilmenl, collaboration, creativity, and communily-which guhle every decision and action we lake. In the pages that follow, you'll find highlights of our achievements, impact and insights into the services and projects that have made a real difference in the lives of incredA8LE individuals and their familie5. Whether through new partnerships, expanded services, or innovative approaches, we are proud of the progress made and the resilience shown by our team. As we look ahead, we are excited about the opportunities lo further develop our services, embrace new challenges, and continue advocating for inclusion and empowerment. With your continued support, we will keep building a fijlure where everyone has the opportunity lo be incredABLE. Thank you for being part Of ourjourn8y. Nigel Hampton, CEO
incredA8LE IA company lirnited by guarantee, not havlng a Share up6t*i TRUSTEES, ANNUAL REPORT for the financial ye8r ended 31 March 2025 In the year ended 31 March 2025, incredABLE continued to provide exemplary support senJic8s throughout the Southern A8. Specifically, we were able to deliver that support lo rnore and adulls with a leaminglinlelle¢tual disability andlor autism through our many exciting projects and services. Mission: To ereale Incredib opportunities for incredABLE peoplel By delivering meaningful projects and quality services in partnership with individuals who have a learninglinlellectual disability andlor autism. Vision: A soeiely where individuals with a learningl intellectual disability andlor autism are inspired. empowered and included. Values.. Commitment We are passionate and dynarnic staff and volunteer learn who are commilled lo people first and supporting indivi(Juals to realise their own vision of being incredABLE We believe in the value of working in collaboration and proactively seek out partnerships lo make incredABLE things happen Creativ We strive for creativity in our bespoke approach lo opportunities so that they are meaningfvl, participatory and uniquely incredABLE Communil We see Community as central lo the incredABLE experience of inclusion and we work alongside lo support engagement, acce$5, and visibility of incredABLE individuals incredABLE deliver projects and services in the Southern Health and Social Care Trust Area. Projects & Service5, Outputs & A¢hievements- Adult Short 8reaks IASBI Servlce In partnership with the Southern Health and Social Care Trust Adult Learning Oisability Teams. incredABLE delivers the ASB service. Offering a wide range of meaningful activities and experiences, the ASB group residenti81 breaks lake place in venues a¢ross Northern Ireland. ASB offers both mid-week and weekond breaks in which participants choose everything from the bakfast menu to the activities. As they make decisions about their lime away, individuals on the ASB service socialise with peers, work on ompromise and communication skills, practice daily living skills, and take part in many of the activities available across Nl, such as visiting W5, Nearly Nogs Chocolate Factory and both the American Folk Museum and the Transport Museum. We offer tailored support. ensuring that we have the right staff with each group lo ensure every participant has their specrfic. individual needs mel within the group. During the 2024-25 financial year this service provided 57 Adult Short Breaks, with foty-nine 2-nighl residenlials. four 5-nighl residenlials and four 7-nighl residenlials. A lolal of 135 participants availed of the servi. BIG (Bespoke Individual and Groupl Support Sèrvice For many young people and adults, one lo one or Small group 5UPPOrt 15 the be51 option lo reach their goals. BIG is a service that provides exactly Ihtsse options, with a seNi¢e completely tailored lo each individual. focused on their pas5ion5, their needs, and supporting them in bringing their dreams lo life. BIG can be as flexible or routine as the individual or group desires. as the plan is agreed with both the individual and their carers. Together, they establish the activities lo be undertaken. the schedule, and the exact support an individual needs. Vvhelher a¢¢essing live music. going shc>pping with friends, or getting exercis8 al the local swimming pool. anything is possible with BIG. Mosl pèopl8 access the BIG service using funds from Direct Payments via Self Directed Support ISDSI. 22110 hours of support were delivered 10 81 individuals during the 2024-25 financial year which is an 8.5°A increase lo last year.
incredABLE IA company limited by guarantee. not having a share capitzll TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2025 Peer Outing Programme IPOPI incredABLE is proud lo partner with the Soulhem Health and Social Care Trust Children and Young People's Disability Teams lo offer the Peer Outing Programme. POP focuses on young people as they approach and go through the transition between school and adult service5. POP provides social outings with peers while including opportunitie5 for personal grtswth that serve young people into adulthood. Tearn building, communication, conflict medialiorTr, and overall improvement in self-confidence are all outcomes that POP participants see over the course of the progiamme. POP outings lake place once a month and can be aclivity-based or joining in with a community event. hile POP outings lake place as a group, the project Is still individualised, with specific supports designed lo offer participants the chance lo fully engage with their peers and their communities. POP gives young people control by making sure all activities are chosen by the young people themselves, promoting a person-cenlred approach in addition lo the social inclusion built into the programme. During the 2024-25 financial year, thity POP Saturdays ware delivered in three locations as well as four 2-night residenlials and a lolal of 36 participants have availed Df the service. Youth Empowemient Programme IYEPI YEP is a residential Service designed lo support youth in gaining dar life skills in preparation for independent or 5UPPOrted living arrangemen15 after leaving school. Made up of len 34ay re5idenlia15 over the course of a year, incredABLE delivers YEP in partnership with the Southern Heahh and Social Care Trust Children and Young Peop.$ Disability Teams. YEP focuses on four main areas including.. Personal Devekipmenl- L8aming lo be independent and participating in a programme away from homg. Independent Living Skills- These will include key skills such a5 establishing morning routine5, cooking, budgeting. relationships, personal care and home safety. Social Development- To encourage peer support and increase social skills involving outings and allendance lo a range of community and social events. SeW~esleem- The development of independent skills, having the confidence lo offer an opinion when planning aclivilEs or shopping and feeling p0511ive about reaching goals sel. During the 2024-25 financial year, 8 YEP sIdentIal$ were delivered Mth 11 participants taking part in the programme. Summer $cheme incredABLE's summer scheme is a long-running programme offered lo ensure that young people with an intellectual disability andlor Autism are able to take part in the same exciting summer activities as other young people do during the school break. First offered as a pilot programme in 2018, the summer Scheme has grown into one of our regular offerings, popular with both young people and their parents alike. Aclivrties include many options that are difficult lo access during the school year, with a new outing planned for each day. The scheme runs for One week in each of the localities of Armagh & Dungannon. Craigavon & Banbridge and Newry & Mourne, Mon-Fri 9-5pm, each day and is delivered with the support of the Southern Health & Social Care Trust. During the 3eek scheme 13 participants availed of this serwce in the 2024-25 financial year. ASD Offerings jncrA8LE has long been a trusted name in the wodd of local ASD provision. delivereLI in partnership wlh the Stsulhem Health and Social Care Trust. The programme remains a staple for families in the SHSCT a8, providing Services that offer children and young people with Autism opportLJnilies for socialisalion, lèarning life skills foi independent living. and praclising important soft skills like cooperation, tearnwork, and communication. The ASD offerings have grown lo include three programme strands. each run by staff with many y8ars of experienc8 working with childn, youth, and adults on the spe¢lrum.
incredABLE IA company Ilmlted by guarantee. not havlng a share capltall TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2025 Strand 1- Saturday clubs ncredABLE'5 Saturday Club5 are delivered in partnership with the Southern Health and Social Care Trust Children and Young People's Disability Teams. Saturday clubs are unique in incredABLE's stable of services in providing weekly venue-based activities for children with Autism. Two sessions are offèred èvery Salurday, giwng carers a short break whilst ensuring children have three hours of fun and social activities with peers. Activities change Week and cover sensory, physical, and creative opportunities. Sessions run from 1 Oam-1pm and from 2pm-5pm. During the 2024-25 financial year incredABLE's Saturday clubs mel 48 limes and served 35 participants. Strand 2- Community Connections This youlhwcenlred. assel-based community mapping program offers 15-17 year olds on the spectrum an opportunity lo choose local support5 they want to explore and plan visits based in three key areas.. health and wellness, social networks, and community hub5. Participan15 have mapped and vi511ed venues such a5 libraries, banks. Iran5POrt hubs, gyms and activity groups, leisure and healthcare facilities. and iTTleresl-based club5 in their local area. During the 2024-25 financial year 31 participants availed of two 10-week cycles. Day Opportunities-"incr&dABLE Day'$" incredABLE Days have continued thrciughoL*t 2024125 to deliver meaningful and enterprising day lime opportunity lo adults al risk of social isolation and who still experience barriers to life opportunities. The service promotes empowerment and teamwork through soft skills development, employing incredABLE-y made print, production and packaging aclivilie5 to facilitate provision in a safe and supportive environment, Monday- Friday 10.00- 3.00pm. 202412025 marked a significant shift in direclitsn for day opportunity provisitsn with the disconlinualion of direcl-lo-consumer sales of incredABLE-y made chocolate lollies. The decision wa5 made lo focu5 on existing supp chains and adopt a partnership approach. Al this tirFie, il was also decided that incredABLE-y made las a brand namel would serve for what we do, not lor what we are, hence our new service name incredABLE Day'5 - speaks directly lo what we fa¢ililale and is more encompassing of our people rather than tsur product. The model has since been implemented and involves the hub leams producing lollies for ¢orporale orders on, incredABLE Café's and locallrelail supply chain partners such as Arniagh Planetarium, Tree house soft play and Story 8ox lo name a few. One of th& yearfs hKJhlighls has been a valuable packaging partnership seCUd with Eleclronic Excellence in May 2024...Olher packaging collaborations throughout the year Invoed Millwood Crafts and pVIous Farringford Foods. Print activitS are being planned and worked up for the next financial year which will involve groups working with textiles and vinyl, potentially for brand merchandising and stakeholder gifting in the future. 202412025 also saw incredABLE-y made chocolate participate in new trading events such as Richhill Apple Fayre (Oct 20241 and the first ever Rushmere Twilight Market (Nov 20241 giving Dur incredABLE people the opportunity lo engage directly with the sale of their own product including the year's hollesl innovation Drinking Chocolate following the purchase of a machine lo use al winter trading events. The idea proved lucrative and was a key component lo reaching out annual Christmas trading largel of 2.5K. vital tor 5upplemenling the day opportunities budget for hub maintenance and occasional recreational activities Between April 2024 and March 2025, incredABLE day opportunities maintained and further developed working relationships with other or9anisalionslslakeholders such as SRC, facililaling successful Health and Social Care Placements, the charitable organisalion 'Jusl a Chal, and hosted visits from both the Soulheaslern Trust as well as SENIDepl of Economy. During the 2024- 2025 financial year. incfedABLE day opportunities delivered meaningful activity lo 48 participants, 7 day5 per week, across 4 hub siles, equating lo 11,280 hours of beneficiary service delivery annually. Most individua15 accessing the service continue lo self-fund using direct payments via Self Direct Support ISDSI. The year concluded by considering growth and development further in Lurgan and in Armagh with significant growth on the horyzon for 2025126, we look forward lo an exciting year ahead. Black Moon Disco- evening opportunity Between April 2024 and March 2025. the incredABLE Black Moon team delivered srx IBimonthlyl discos. adding Ihg new Movie Music Moves themed disco lo the EaslerlSummerlHalloweenlChristmaslValenlines schedule lo avoid a large gap in Servi provision considering its growing popularity.
incredABLE IA company lirn*ted by guarantee, not havlng a share capital TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2025 The year also Saw allendan¢e figures steadity climbed lo all an all-lime peak of around 150 attendees during the Valentines Disco in Feb 2025. An additional allribule has been the growing support of allendees for traditional disco raffle on the night, which helps lo offset costs and has grown in popularity bringing in ar) additional £250 approx. on the night. The potential is there lor the event lo generate funds in additional lo covering cosls but is not the primary objective Door entry remained the same al £5.00 per individual. parenvcarer donation Dplional and the team have been delighted lo report that each disco, Whi retaining ils usual Crowd has also attracted new gues15 and a new following. In¢redABLE Mourne Centre The incredABLE Mourne Cenlre, Ballinran is used by incredABLE's group5 for residential and holidays as well as being open on a self-calering residential basis lo outside charitable group5. Ouring the year we applied for a Tourism Nl Hostel grading and We awarded a coveted 441aT Taling. New incredABLE Venues Over of course of this year. incredA8LE acquiied 3 more venues that will enable us lo provide additional servi5 for our participants.. In the Autumn of 2024 we bought a building in Market Slreel, Lurgan. Following some refuTbishmenl work this building is being used for youth, community and social enterprise activity, particularly the Lurgan Heroe5 group and for Day opportunities. There are plan5 to rnake further use of this building in 2025 as il is in a prime location in the ¢enlre of Lurgan. In February 2025 we look on the lease of a building in Scotch Slraet. in the centre of Armagh City. This building is being used for youth, community and social enterprise aclivily, particularly the Amiagh Heroe5 group and for day opportunities. There are plans lo make further use of this building in 2025 as It Is in a prirne localitsn in the centre of Amagh. In March 2025 incredABLE successfully acquired the lease Df former Armagh City Youth H051el. This is a fantastic facility Ihat offers accommodation lo is used by incredABLE's groups for residential and holidays as well as being open on a self-calering residential ba51s to outside charitable groups and therefore generating additional income. Pga¢ePlus HEROES+ Project The projects objective is lo promote and inspire participants from different backgrounds to bltild. maintain and manage strong positive relationships and collective idenlilies, developing their potential and providing safe spaces lor them lo contribute lo building an inclusive and cohesive society. While many peace-building initiatives work acr055 Ntsrthern Ireland. the Heroes+ programrne is unique in offering those opportunities lo young people wrth a learning disability andlor additional support needs, or those whts are excluded from school. Heroes+ is working with 12 cohorts per year, partnering with a number of organisalions lo provide quality programming. incredABLE is partnering with Heroes+ lo deliver two cohorts per year, over a four-year period, in the Soulhem HSCT area and Monaghan. Over the 2024-25 financial year our Heroes+ program worked wilh 23 young people aged 14 - 17 in Lurgan and Armagh. They have opened 2 drop in Youth Clubs in Lurgan and Richhill for young people aged 14 10 25 with a learning disability. During this year the Heroes plus team Successful registered lo be able lo deliver a Duke of Edinburgh program for Ihe participants. The first group will start in the summer of 2025. Café IncredABLE @ Jethro Our café in the Jethro Centre is running strong. open 5 days a week offering made lo older meals from a cafUllY- crafted menu. Additionally, Café incredABLE caters for internal Jelhro Centre clients as well as outside groups regularly. giving participant trainees the opportunity to learn catering in addition lo cooking. serving, using the till. and more. Jethro's sale5 are up by 4.50/0 from the previous year, a small Increase in transactions by 0.78°/0 10 17,245. 4 staff were employed with a learning disability and a further 3 volunteers during this financial year. Café incredA8LE @ South Lake Our flagship cafè in South Lake Leisure Centre in Craigavon a150 ctsnlinues lo shine. We are proud of the service we offer al SLLC, and we are even more proud that this café, in addition lo having become a community hub. continues lo be a place where we offer vocational training, employment, and meaningful daylime activity for individuals with a learninglinlelleclual disability andlor autism within our cafè spaces.
incredABLE IA ¢ompany limited by guarant88, not having a share capltall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2025 Our customer base continues lo remain loyal. and we serve as many people who come lo the South Lake Leisure Centre just for a coffee or breakfast as we do those who are in the SLLC already for their own purposes and slop by for refreshment before or after. South Lake5 3ale5 increased by 2.5°fi on previous ygar to, transactions down by 1 % 10 140,719, large swimming galas bringing in record daily figures on some weekends. 11 staff were employed with a learning disability and a further 8 volunleeis. Café IncredABLE @ Banbridge Leisure Centre Our cafè in Banbridge Leisure Centre continues lo gain momentum, open 7 days a week offering made to order meals from a carefully-crafted menu. Additionally, the café provides in-house catering for events being held within the centre and the council civic building opposite the cenlre. Banbridge 5ale5 are up by 18.2°/o on previous year and transactions also increased by 120/0 lo 40,313, helped by catering lor large events Such as Judo and Gymnastics Competitions held in the cenlre. 4 staff were employed with a learning disability and a further 4 volunteers. Financial Review Our accounts for the year show a surplus of £180,109 for the year, which has increased the lolal fund balance carried forward. The Slalement of Financial Aclivilies for the year is detailed on page 12. The Board have examined the charity's requ1mentS for reserves in light of the main risks of the organisalion and established a policy whereby the unrestricted funds not committed or invested in fixed assets held by the charity should be between three and six months of expenditure. The Trustees have a strategy in place lo build reserves through planned operating surpluses. Financial Results At the end of the financial year the company has assets of £1.348.41512024 - £1,181,301) and liabilities of £62,314 1202d - £75,308). The nel a55e15 of the company have increased by £180.108. Principal Risks and Uncertainttes incredABLE has a risk management strategy in place which is reviewed and updated each quarter by the manageTnenl team and then presented and discussed al each board meeting. A risk register has been established. INhere appropriate, systems or pro¢edures have been established lo miligale the risks the charity faces.
incredABLE IA company limited by guarantee, not havirTrg a share capitall TRUSTEES, ANNUAL REPORT foi Ihe finanGial year ended 31 March 2025 Trusleès The trustees who seNed throughout the financial year, except a5 noted, were as follows" Michael Joseph Best Susan Margaret Best Kathleen Elizabeth Courtenay Edwin Graham Pèter Hanna Lisa Mallon (Resigned 10 February 20251 Anne Mairead fvlcAlinden Emma Louise Mooney Carla Sfflylh (Resiglled 16 November 20241 Dr Alan Manson Turtle Bernadelle McKeown (Resigned 9 June 20251 In accordance with the Article5 of Associ81ion, the directors retire by rolalion and, being eligible. offer themselves for re-election. rhe secretary who served during the financial year was.. Nigel Robert Hampton Compliance with sector.wlde Legislation and Standards The Companies Act 2006 The Charities SORP IFRS 1021 Public Benefit The direct benefits which flow from our purposes include improvement in the wellbeing, 5elf-e51eem and quality ol life for children and adults with a Learningl Intellectual Disability as well as a reduction ol anxiety and stress amongst carers of children and adults with a Learningl InlelleElual Disability. These benefits are dernon51raled through our feedback from children and adults with a Learningl Intellectual Disability and their carers., service evaluation forms., and compiled and summarised in our annual report. These purposes does not lead lo harm. The charity's beneficiaries are children and adults with a Learningl Inlelle¢lual Disability in the Southern Health & Social CaE Trust Area. They also include family members and carers ol those who are diagnosed with a Leafnirigl Intellectual Disability. A private benefit flowing from thèse purposes is that gained by a Trustee who a150 ha5 a son or daughter who uses the 5UPPOrt services. Thi5 trustee applies for and is assigned support In the same way as all other beneficiaries. This benefit is incidental and necessary lo ensure the benefit is provided lo our beneliciaries. The Auditors The auditors, Oaly Park & Comp8ny Ltd, (Chartered Accounlanlsl have indicated their willillgness lo Continue in office in accordance with the provisions of Section 485 of the Companies Act 2006. Approved by the Board of Trustee5 on ? Qc Zo25 and signed on its behalf by.. Dr Alan Manson Turtle DireGtOT 10
incredABLE IA company litnited by guarantee, not having a share capitall STATEMENT OF TRUSTEES, RESPONSIBILITIES lor Ihe financial year ended 31 Maich 2025 The Iruslees, who 2re also direclor5 01 In¢redABLE lor Ihe purposes of company law. are responsible lor prepaiing the financial slalemenls in accordance with applicable law and regulations. Company13w quIreS the Iruslees as the directors lo prepare financial statements for each financial year. Under that law the Iiuslees have elected lo prepare the finanoial 51alemenls in accordance with Uniled Kingdom Generally A¢cepled Accounting Practice (United Kingdom Accounting Standards and applicable lawl including FRS102 'The Financial Reporting Standard applicable in the UK and Republi¢ DI Ireland" Under cornp2ny law the Iruslees musl not 3pprove Ihe financial slalements unless they are satisfied that they give a Irue and fair view of the slate of affairs of the Gompany and ol the net income or expenditur& of th8 company for that period. In prepallng these financial statemen15, the Iruslees are required lo.. select suitable a¢counling policies and apply Ihern consi51enlly-. observe the methods and principles In the Charities SORP make judgements and accounting eslimales that are iea50nable and prudent., stale whether the financial slalements have been prepared In accordance with applicablè accounting standards, Identify those standards. and note the effect and the reasons lof any m21erial departure from those slandards,. and prepare the financial slalements on the going concern basis unless it is inappropriate lo presume that Ihe company will continue in operation. The Iruslees are responsible for keèping adèquate accounting records that ale sufficient lo show and explain the company'5 Iran5aclions and di5¢1ose with reasonable accuracy al any lime the financial pogition ol the company and enable them lo ensure that Ihe financial slalements cornply with the Companies AGt 2006 and. They are also iesponsible lor safeguarcfing the ass8ls of the company and hence lor taking reasonable steps lor the prevention and deleclion ol fraud and other irregularities. In so far as the Iru51ees ale aware.. there is llo relevant audit information linformalion needed by the Cofnpany's auditor in eonneclion with preparing the auditor'5 report) ol which the company'5 auditor is unaware, and Ihe Iruslee5 have taken 811 the slep5 that they ought lo have taken as trustees in order lo make themselve5 aware of any relevant audit infomalion and lo establish that the company's audiloi 15 aware of that inlomalion. Approved by the Board of Trustees on Pcc toz and signed on ils behalf by- Dr Alan Manson Turtle Director 11
INDEPENDENT AUDITOR'S REPORT to the Members of incredABLE IA cornpany limited by guarantee, not h8vlng a Share capttall Report on the audit of the financlal statements Opinion We have audited the company financial slaternenls of incredABLE I'lhe company'l for the financial year ended 31 March 2025 which comprise the Slalemenl of Financial Activities lincorporaling an Income and Expenditure Account), the 8alance Sheet, the Slalernenl of Cash Flows and notes lo the financial slalements, including the summary of significant accounting poli¢ies sel out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Slaternenl of Recommend&d Practi applicable lo charrties preparing their aceounls in accordance with FRS 102. In our opinion. when reporting in accordance wlh a fair pr&senlalion framework the financial slatemenls.. give a true and fair view of the slate of the ¢ompany's affairs as al 31 March 2025 and of ils surplus for the financial year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice", arKI have been prepared in accordan with the requiraments of the Companies Act 2006 and the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial $131emenls section of our report. We are independ8nl of the company in accordance with ethical requiremefils that are relevant lo our audit of the financial slalemen15 in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accord8n¢e with these requirernents. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions lating to going concern In auditing the financial slalemenls, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have perfomied, we have not idenlrfied any material uncertainties relating lo events or conditions that, Individual or collectively, may cast significant doubl on the company s ability lo continue as a going concem for a period of al least twelve months from the dale when the financial 51alemenls are aulhorised for issue. Our responsibilities and the responsibilrties of the Iruslees with respect lo going concern are described in the relevant section5 of this report. Other Infomiatlon The other infomalion comprises the information included in the annual report other than the financial slalernellts and our Auditor's Report Ihereon. The Iruslees are responsible for the other information contained within the annual report. Our opinion on the financial slalemenls does not cover the other information and, except lo the exlenl otherwise explicitly slated in our report, we do not express any lorn of assuran conclusK>n Ihereon. Our responsibility is lo read the other infom)alion and, in doing so, consider whether the other information is materially inconsislenl with the financial slalemenls or our knowledge obtained in the course of the audit, or otheise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise lo a material misslaternenl in the financial 51alemellls themselves. If, based on the work we have perfomied, w8 ¢on¢lude that there is a material misslalemenl of this olh&r information. we are required lo report that fact. We have nothing lo report in this regard. Oplnlon on other matter prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Annual Report for the financial year for which the financial Slatamanls are prepared is consislenl with the financial statements., and the Trustees, Annual Report has beèn prepared in accordan with applicable legal requirements. 12
INDEPENDENT AUDITOR'S REPORT to the Members of incredABLE IA company lirnited by guarantee, not having a share capitall Matters on which we are required to report by exception In the light of our knowledge and understanding of the company and ils environment obtained in the course of the audit, we have not identified material misslalemenls in the Trustees. Annual Report. We have nothing lo POrt in Spect of the ftsllowing mallers where the Companies Act 2006 requires us ID report lo you if, in our opinion-. adequate accounting records have not been kept", or the financial statements are not in agreement with the accounting records and relum5', or certain disclosures of Iruslees. remuneration specified by law are not made", or the trustees were not enlilled lo prepare the financial slalemenls in accordance with the small companies regime and lake advantage of the srnall companies, exemption in preparing the Trustees, Annual Report. Responsibilities of trustees for the financial statements A5 explained more fully in the Slalemenl of Trustees. Responsibilities set out on pag@ 7. the Iruslees are resporisib for the preparation of the financial slalemenls and lor being satisfied that they give a true and fair view. and for such internal control as they delerrnine is necessary lo enable the preparation of financial slalemenls that are free from material misslalemenl, whether due lo fraud or error. In preparing the financial slalemenls, the Iruslees are responsible foi assessing the cornpany's ability lo continue as a going concern, disclosing, as applicable. mallers related lo going concein and using the going concem basis of accoLJnling unless management either intends lo liquidate the ¢ornpany or lo cease operations, or has no realistic atternative bul lo do so. Auditorfs responsibilities for the audit of th6 financial stat8mgnts Our objeclwes are lo obtain reasonable assurance about whether the financial slalements as a whole are free from material misslalernenl, whether due lo fraud or error, and lo 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 ¢ondu¢ted in accordance with ISAS IUKI will aayS delecl a material misslalemenl when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slalemenls. Irregularities, in¢luding fraud, a instances of non-compliance with law5 and regulations. We design procedures in line with our responsibilities. outlined above, lo delecl material misslalemenls in respect of irregularities. including fraud. The exlent lo which our prr>cedures are capable of delecling irregularities. including fraud is detailed below.. There is an inherent difficulty in delecling irregularities during audit. However the effectiveness of entity's controls, the nature and extent of audit procedures performed, gives us confidènc8 in d8le¢ling irregularities. Further inforniation regarding the scope of our rg$ponsibilitios as auditor As part of an audit in accordance with ISAS IUKI, we exercise professional judgement and maintain professional 5ceplicism throughout the audit. We also.. Identify and assess the risks of material misslalemenl of the whether due lo fraud or error, design and perfomi audit procedures responsive lo those risks, and obtain audit eviden that is sufficient and appropriate lo provide a basis for our opinion. The risk of not delecling a material misstatement resulting from fraud is higher than for one resutting froTn error, as fraud tnay involve collusion, forgery, intentional omissions, misrepresenlalions, or the overrid& of internal control. Obtain an understanding of internal control relevant lo the audit in order lo design audit procedures that are appiopriale in the circumstances, bul not for the purpose of expressing an opinion on the effectiveness of the company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting eslimales and related disclosures made by Irust&8S. Con¢lude on the appropriateness of the Iruslees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related lo events or conditions that may cast significant doubl on the company's ability lo continue 8s a going concern. If we conclude that a material uncertainty exists, we are required lo draw attention in our Audilo¢s Report lo the related disclosures in the financial slalemenls or. if such disclosures are in8deqLJal&, lo modify our opinion. Our conclusions are based on the audit evidence obtained up lo the dale of our Audilorfs Report. However, future even15 or conditions may cause the company lo Cease lo continue as a going concern. Evaluate the overall presentation, structure and conlenl of the financial slal8menls, including the disclosures, and whether the financial slalemenls represent the undedying Iransa¢lions and events in a rnanner that achieves fair presentation. 13
INDEPENDENT AUDITOR'S REPORT to the Members of incredABLE IA company Ilmlted by guarantee, not having a share ¢aplt811 We communicate with those charged with govemance regarding, among other matters, the planned scope and liming of the audit and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. uairi Magin for and on Isenior Statutory Auditor) half of DALY PARK & COMPANY LTD Chartered Accounlanls and Registered Auditors 4 Carnegie Slre&l Lurgan Co. Armagh BT66 6AS Northern Ireland 14
incTedABLE IA company limited by guarantee. not havin9 a share capltall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expenditure A¢¢ounti for the financi81 year ended 31 March 2025 Unrestrictsd Restrlctsd Funds Funds 2025 2025 Total Unrestricted Restricted Funds Funds Funds 2025 2024 2024 Total Funds 2024 Notes Incoming Resour¢e$ Voluntary Income Activities lor generating funds Investments Other income 46.314 7,426 637,168 683A82 7,426 441,395 441.395 6,213 3.2 6,213 364 592,S17 527 420.163 527 420,163 592,S17 Total incoming resources 646,621 637,168 1,283,789 426.903 441,395 868,298 Resources Expended Charitable ac1wit$ 489,272 614,408 1,103,6BO 386,152 441,395 827.547 Net Incomlngloutgolng resources before transfers 157,349 22.760 180.109 40.751 40,751 Gross transfers between funds 19.1201 9,120 Net movement in fund5 for the financial year 148,229 31.880 180.109 40,751 40,751 Reconciliation of funds: Total funds beginning of the year 15 1,105,992 1.10S.992 1.065,242 1,065,242 Total funds at the end of the year 1,254.221 31,880 1,286,101 1,10S.993 1,105.993 The Slalemenl of Financial Aclivilie5 includes all gains and losses recognised in the financi31 year. All income and expenditure relate lo continuing activities. The notes on pages 18 10 23 form part ol the financial StsIentS 15
incredABLE IA CDmpany limitetl by guarantee, not having a 5har8 capital) Cotnpany Number.. N1062968 BALANCE SHEET as al 31 March 2025 2025 2024 Notes Flxed Assets Tangible asse15 1,022,602 898.284 Current Assets Debtors Cash al bank and in hand 10 166,428 159,385 122.657 165.360 325.813 288.017 Crèditors.. Amounts falling due within one year 162,3141 172.8741 Net Current Assets 263,499 215.143 Total Assets less Current Liabilities 1,286.101 1,113,427 Credltors Atnounls falling due after more than one year 13 17.4341 Total Net Asset5 1,286,101 1.105,993 Funds Reslricled luncls Designated funds Iunreslrictedl General fund lunre51rioledl 31,880 1,022,602 231,619 898.284 207,709 Total funds 15 1,286,101 1.105.993 Thèse financial slalemttnls have been prepared In accordance with the special provisions relating lo small companies within Part 15 01 thè Companies Act 2006. Approved by the Board of Trustees and authorised for issue on behalf by and signed on its DrAlan Manson Turtle Director The notes on pages 18 10 23 form part of the financial 51alErnen15 16
incredABLE STATEMENT OF CASH FLOWS for the financial year ended 31 March 2025 2025 2024 Notes Cash flows from op&rating activities Nel mr)vement in fund5 Adjustments for.. Depreciation Interest receivable and similar income Interest payable and similar expenses Gains and losses on disposal of fixed assets 180.108 40,751 55,875 {3641 1,399 111,2671 59,606 15271 2,679 225.751 102,509 Movements in working capital.. Movement in debtors Movement in creditors 148.7711 45.844 15,923 143.8621 Cash generated from operations Interest paid 222,824 11.3991 74,570 12,8791 Nel cash generated from operating a¢livilies 221,425 71,891 Cash flows from investlng activities Interest received Paymen15 to acquire tangible assets Receipts from disposal of langible assets 364 1180,1931 11,267 527 192,1191 Net cash used in investment activities 1168,562} 191,5921 Cash flows from financlng activities Repayment of short term loan Advances from subsidiar$lgrOup ¢ornpanies 15,4011 43,4371 114,1211 121.1421 Nel cash used in finan¢ing activitS 158,8381 135,2631 Net decrease in cash and cash equlvalents Cash and cash equivalent5 at the beginning of the year 15,9751 165,360 154,9641 220,324 Ca$h and cash equivalents at the end of the year 11 159,385 165.36Q 17
incredABLE IA Company Ilmlted by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 GENERAL INFORMATION in¢redABLE is a company lirnited by guarantee incorporated in Northern Ireland. The registered office of the company is 162 Portadown Road. Richhill, Co. Armagh, BT61 9LJ, Northern Ireland which is also the principal place of business of the company The financial slalemenls have been presented in Pound (£1 which is also the functional Currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with ilams which are considered material in relation lo the charity's financial slalements. Basis of Pfeparation The financial slalemenls have been prepared on the going concem basis under the hi51orical cost convention, modrfi8d lo include certain ilerns at fair value. The financial slalemenls have been prepared in accordance ilh the Slalernenl of Recommended Praclice ISORPI Accounting and Reporting by Charities preparing their accounts in accordan Tmlh the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" As permilled by the Companies Act 2006, the company has vaTied the standard formals in that act for the Slalemenl of Financial Activities and the Balance Sheet. Departures from the standard formals are lo comp with the reqL5iremenls of the Charities SORP and are in complianco with section 4.7, 10.6 and 15.2 of that SORP. statement of compliance The financial slalemenls of the company for tho financial year ended 31 March 2025 have been prepared on the going concern basis and in accordan with the Stalernenl of Recommended Practice ISORPI Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic Df Ireland FRS 102" Incoming Resources Voluntary income or capital is included in the Statement ol Financial Activities when the cornpany 15 legally enlilled lo it, its financial value can be quantified with reasonable certainly and there is reasonable certainty of ils ultimate receipt. Enlillemenl lo lega¢ie5 is considered eslablished when the company has b&en notified of dislribulion lo be made by the executors. Income received in advance of due performance under a ¢onlracl is accounted for as deferred income until eamed. Grants for activities are recognised as income when the related conditions for legal enlillernenl have been mel. All other income is accounted for on an accruals basis. Resources Expended All resources expended are accounted for on an accruals basis. Charitable activities include costs of services and grants, support cos15 and depreciation on related assets. Costs ol generating fLJnds similarty include fundraising aclivilies. Non-slaff costs not allribuled to one category of activity are allocated or apportioned pro-rala lo the staffing of th& rolevanl seNice. Finance, HR, IT and administrative staff costs are direclty allribulable lo individual activities by obje¢live. Govemance costs are those associated with conslilulional and sialutory requirerllenl5. Tangible fixed assets and depreciation Tangible fixed assets are stsled al co$1 or at valuation, less accumulated depreciation. The charge lo depreciation 15 calculated lo write off the original cost or valuation of tangible fLxed a5sels, less their estirnated residual value, over their expected useful lives as follows.. Land and buildings freehokl Plant and Tnachinery Fixtures, fillings and equipnenl Motor vehicles 40/. Slraighl line 20°/o Slraighl line 20 /0 Slraighl line 250/. Slraighl line Debtors Debtors are recognised al the settlement amount due after any discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. Income recognised by the company from government agencies and other ¢o-funders, bul not yet received al year end, is included in debtors. Cash at bank and in hand Cash al bank and in hand comprises cash on dep05i( al banks requiTing less than three months. notice of withdrawal. 18
continued incredABLE IA company limited by guarantee. not having a Share capitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 Taxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Fund5 Funds 202S 2024 Granl Income 46,314 637,168 683,482 441.395 OTHER TRADING ACTIVITIES Unrestrlcted Restricted Funds Funds 2025 2024 Fundraising events 7,426 7,426 6,213 INVESTMENTS Unrestricted Restricted Funds Funds 2025 2024 Inveslmenls 364 364 527 3A OTHER INCOME Unrestricted Restrlcted Funds Funds 2025 2024 Other income 592,517 592,517 420.163 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs other Costs Support Costs 2025 2024 Charity Costs 1.006.857 96,823 1,103,6BO 827,547 SUPPORT COSTS Charitable Activities 2025 2024 Support Costs 96,823 96,823 97.819 NET INCOMING RESOURCES 2025 2024 Net Incomlng Resources are stated after chargingllcreditingl.. Depreciation of tangible assets (Surplus) on disposal ol tangible fixed assets Auditor's remuneration.. audit se[Ve5 55,875 111,2671 59,606 4,280 3,84D INVESTMENT AND OTHER INCOME 2025 2024 Bank interest 364 527 19
continued incredABLE IA company limited by guarantee. not having a share czpitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 INTEREST PAYABLE AND SIMILAR CHARGES 2025 2024 On bank loans and overdrafts 1,399 2,679 EMPLOYEES AND REMUNERATION The staff costs compThse'. 2025 2024 Wages and salaries Pension costs 716.379 12,120 493,713 9,795 728,499 503,508 TANGIBLE FIXED ASSErs Land and buildings fr86hold Plant and Flxtures, machinery flttings and equlpment Motor vehicles Total Cost Al 1 April 2024 Additions Disposals 936,202 155,000 5,648 5,366 95.326 19,827 144,677 1,181,853 180,193 16.0481 16,0481 Al 31 March 2025 1,091.202 11,014 115,153 138,629 1,355,998 Depreciation Al 1 April 2024 Charge for the financial year On disp05a15 127,742 24,756 4,838 1,479 76,711 12,041 74,278 17,599 {6,0481 283,569 55,875 16,048} Al 31 March 2025 152,498 6,317 88,752 85.829 333,396 Net book value Al 31 March 2025 938.704 4.697 26,401 52,800 1,022,602 Al 31 March 2024 808.460 810 18,615 70.399 898,284 Northern Bank Limited holds a charge over property and lands at 42 Ballinran Road, Kilkeel. Co.Down and 162 Portadown Rd. Richhill, which contains fixed and floating charge. The charge was registered on 0110612017. Northern Bank Limited holds a charge over the land5 of the company in respect of mortgage lolalling £95,000. The charge was created on 1211212011. 10. DEBTORS 2025 2024 Trade debtors Other debtors Taxation and social securrty C051s Prepayments and accrued income 1 $4,374 8.670 106.236 7,589 5,000 3,832 3,384 166,428 122,657 20
continued incredABLE IA company limited by guarantee, not having a share ¢apltal NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 CASH AND CASH EQUIVALENTS 2025 2024 Cash and bank balances Cash equivalents 7,092 152,293 1.377 163,983 159,385 165,360 12. CREDITORS Amounts falling due within one year 2025 2024 Bank loan Trade Creditors Amounts owed lo connected parties (Note 171 Taxation and social 5ecurrty costs Other credilots A¢¢ruals and deferred incorne 8,833 28.290 16.800 6,287 43.437 19,436 330 6,020 5,755 62,314 72.874 13. CREDITORS Amounts falling due after morè than ong year 2025 2024 Bank loan 7,434 Repayable in One year or less, or on demand (Note 121 Repayable between one and two years 8.833 16.80D 7,434 8,833 24,234 14. RESERVES 2025 2024 Al the beginning of th& year Surplus for the financial year 1,105,993 180,108 1,065,242 40.751 Al the end of Ihg y&ar 1,286,101 1,105,993 FUNDS 15.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds Al 1 April 2D23 Movement during the finanoal year 1,065,242 40,751 1,065,242 40,751 At 31 March 2024 Movement during the finanaal year 1,105,992 148,229 1,105,992 180,109 31,880 Al 31 March 2025 1,254,221 31,880 1.286,101 21
continued incredABLE IA company Irmited by Ya18nte*. not havlng a share capitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 Mar¢h 2025 15.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 Aprll 2024 Income Expendlture Tran$f8 betsen fund5 Balanco 31 March 2025 Restrlcted fund$ SHSCT National Lollery Dorman Acwunls Mencap- Heroes + Duke of Edinburgh TAK500 405,499 65.062 405,499 38.727 26,335 158,062 5.545 3.000 167,182 9.120 5,545 3,000 637,168 614,408 9.120 31.880 Unrestricted fvnds Building Fund Unreslricled General 898.284 207.708 124,318 1133,4381 1,022,602 231,619 646,621 489,272 1.105.992 646,621 1489,2721 (9,1201 1,254,221 Total funds 1.1 OS,992 1,283,789 1,103,680 1,286,101 15.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets charity use Current assets Current liabilities Total Unrestricted general funds 1,022,602 325,813 162,3141 1.286,101 1.022,602 325.813 162.3141 1,286,101 16. STA TUS The company 15 limited by guarantee not having a share capital. The liabilty of the members is limiled. Every member of the company undertakes lo contribute lo the as5e15 of the company in the event of ils being wound up while they are members, or within one year thereafter, for the payment of the debts and liabilities of the company Contracted before they ceased lo be mernbers, and the costs. Charges and expenses of winding up, and lor the adjuslrnenl of the rights of the conlribulor5 among Ihem5elve5, 5uGh amounl as may be required, not exceeding £ 1. 17. RELATED PARTY TRANSACTIONS The following amounts are due lo other connected parties". 2025 2024 43,437 IncredABLE Enterprises is a company which is managed and controlled by membersldirectors of IncredABLE. During the course of the current year a number of transactions were made between the two organisalions with 8 balance of £nil owed lo IncredA8LE Elllerprises al the end of the year. 22
continued incredABLE IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 18 RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET DEBT Opening balance Cash flow5 Closing balance Short-lem borrowings 124,2341 15,401 18,8331 Totsl liabilitigs from financing a¢tivitigs 124.2341 15.401 18.8331 Total Cash at bank and in hand (Note 111 159,385 Total net dgbt 150.552 19. TRUSTEE REMUNERATION None ot the Trustees received nor wanied any kind of remuneration during the current or previous financial year. 23