Company iegistration number: N1032592 Charity registration number- l 01173 Northern Area Community Network Limited (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2023
Northern Area Community Network Limited Contellts Reference and Administrative Details Trustees, Report 2to4 Independent Auditors, Report 5t08 Statement of Financial Activities Balance Sheet io Notes to the Financial Statements 11 to 17
Northern Area Community Network Limited Reference and Administrative Details Chairman Jarnes McKay Trustees James McKay Mary Gilmore Robert McIlroy Lexie Scott William Colvin James Mulholland Seeretary Mary Gilmore Charity Registration Number 101173 Company Registration Number N1032592 The charity is incorporated in Northern Ireland. Old School House 25 Mill Street Cushendall Ballymena Co. Antrim B T44 ORR Registered Office Auditor D T Carson & Co Chartered Accountants & Statutory Auditor 51-53 Thomas Str¢¢t Ballymena Co. Antrim BT43 6AZ Bankers Danske Bank 1-2 Broadway Avenue Ballymena Co Antrim B T43 7AA Page I
Northern Area Community Network Limited Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report together with the fjnancial statements and auditors, report of the charitable company for the year ended 31 March 2023. Objectives and activities Objects and aims The principal activity of the charity IS to promote community development and networking services to groups in the catchment area. Objectives, slralegles and octivilies The primary aims of Northern Area Cornmunity Network Limited are to offer a community development service to it's member groups and to focus on the practice of networking to allow community groups themselves to share knowledge and experience. The charity aims to provide an opportunity for rural communities to have a voice and an influence, without compelling members to lose their chosen identity, adherence and different interests. Northern Area Community Network Limited provides community development support to communities throughout the Northern Area. The chaTity does this by detennining and responding to the key issues impacting on the lives of nwal people, and tackling povety and social isolation. The charity is committed to other PTogrammes such as rural development 5UPPOrt for the community and voluntary sector, promoting mentsl health and suicide prevention and health and social wellbeing. The trustees do not expect the activities to change significantly during the incoming year. Public benefil Northern Area Community Network Limited undertakes work with local communities helping them address local health and well being needs and linking groups to various statutory and voluntary organisations that can support thern to tackle the wider detern]inants of health. The trustees confirn] that they have complied with the requirements of the Charities Act 2008 to have due regard to the public benefit guidance published by the Charity Commission for Northern Ireland. Financial review The trustees can report an overall decrease in incoming resources of the charity for the cuent year of £567,259 (2022 .. £621,153), as a result of reduced grant income. Total resource5 expended were up on the previous year at £635,169 (2022 £568,242). due rnainly to an increase in salary costs. This resulted in an overdll net deficit in funds of £67,91 O, compar¢d to a 5UTplus in the previous year of £52,91 l. Total fi]nds of the charity are now £247.633 and are allocated to restricted funds of £22,735 and unrestricted funds of £224,898 Policy on reserves In calculating the required level of reserves the charity takes into account the risks of income and expenditure being different from that budgeted, planned activity levels and development opportunities arising in the near ture. The trustee5 feel it is beneficial to hold an arnount in unrestricted funds to cover running costs for a period of nine months to enable the company to continue at it5 current level of aclivity- Principalfunding sources Principal funding is received from the Public Health Agency and DAERA (Rural Cornmunity Development Support Programme). Page 2
Northern Area Community Network Limited Trustees, Report Plans for future periods Aims and key objeclivesforfulureperiods For the incoming twelve month period we have secure Trding in place until March 2024. The DAERA Conununity Development contract is secure until September 2024. By January 2024 the PHA will inforn] u5 if their funding will roll forward for another year, until March 2025. In the event of not securing funding for a particular project by March 2024 the project will cease, and no additional costs will be inCued Trustees and offjcers The trustees and officers serving during the year and since the year end were as follows: Trustees: James McKay Mary Gilmore Robert McIlroy Catherine McNeill (deceased 23 October 2022) Lexie Scott William Colvin James Mulholland (appointed 28 November 2022) Chainnan: James McKay Secretary: Mary Gilmore Structure) governance and management Nuture ofgoverning documenl Northern Area Community Network Limited is a company limited by guarantee and is a150 a recognis¢d charity. For the purposes of Charity Law, the directors are also trustees of the company. Statement of trustees, responsibilites The trustees (who are also the directors of Northern Area Community Network Limited for the purposes of ompany law) are responsible for preparing the trustee5' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they aTe satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure. of the charitable company for that period. In preparing these financial Statements, the trust¢es are required to: sele¢t suitable accounting policies and apply them consistently. obseTve the methods and principles in the Charities SORP. make judgements and estimates that aTe reasonable and prudent. stste whethei applicable accounting Standds, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and Page 3
Northern Area Community NetTrvork Limited Trustees, Report prepare the financial statements on the going concern basis unless It is inapproprtate to presume that the charitable company will continue in busines5. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are asso responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trnstees are responsible for the maintenance and integrity of the corporate and financial infomation included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Disclosure of information to auditor Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit infonnation and to establish that the charity's auditor is aware of that inforniation. The trustees confirni that there is no relevant inforniation that they know of and of which they know the auditor is unaware. Reappointment of auditor In accordance with section 485 of the Companies Act 2006, a resolution for the re-appointment of D T Carson & Co as auditors of the charity IS to be proposed at the forthcorning Annual General Meeting. The annual report was approved by the trustees of the charity on 24 October 2023 and signed on its behalf by.. Mary Gilmore Company Secietary and Trustee Page 4
Northern Area Community Network Limited Independent Auditor's Report to the Members of Northern Area Community Network Limited Opinion We have audited the financial statements of Northern Area Community Network Limited (the 'charity') for the year ended 31 March 2023, which comprise the Statement of Financial Activities, Balance Sheet, 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 United Kingdom Accounting Standards, comprising Charitie5 SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion the 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, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdorn Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International StandaTds on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor r¢sponsibilities for the audit of the financial statements section of our report. We independent of the charity in accordance with the ethical requirements that are relevant to our audit of the fmancial statements in the UK, including the FRC'S Ethical Standard. and we have fvlfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees use of the going Concern basis of accounting in the prepaTation of th¢ financial statements is appropriate. Based on the work we have perfomed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authoTised for issue. Our responsibilities and the responsibilities of the tntr¢s with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other inforniation. The other inforniation cornpri5es the inforniation included in the annual report, other than the financial 5taternents and our auditor'5 report thereon. Our opinion on the financial statements doe5 not cover the other inforniation and, except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other inforniation and, in doing so, consider whether the other inforniation 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 malerial inconsistencies or apparent material misstatement5, we are required to detern]ine whether there 15 a material misstaternent in the financial statements or a material misstatement of the other inforniation. If. based on the work we have perforn]ed. we conclude that there is a material mi55tatement of this other infonnation, we are required to report that fact. We have nothing to report in this regard. Page 5
Northern Area Community Network Limited Independent Auditor's Report to the Members of Northern Area Community Network Limited Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the inforniation given in the Trustees, Report foT the financial year foT which the fmancial statements are prepared is Consistent with the financial statements; and the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit. we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kepL or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreement with the accounting records and returns. OT certain disclosures of trustees remuneration specified by law are not made; or we have not received all the inforniation and explanations we require for our audit. Responsibilities of trustee5 As explained more fully in the Statement of Trustses, Responsibilities set out on page 3, the trustees are responsible for the preparation of the fmancial statements and for being satisfied that they give a true and fair view, and for such internal control a5 the trustees detern]ine 15 necessary to enable the preparation of fmancial statements that are free from material misstatement, whether due to fraud OT 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 relat¢d 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. Auditor responsibilities for the audit of the financial statements Our objective5 are to obtain reasonable assurance about whether the financial statements as a whole are free from rnaterial 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or effor 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. [egular1tles, including fraud. are instances of non-compliance with laws 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.. Page 6
Northern Area Community Network Limited Independent Auditor's Report to the Members of Northern Area Community Network Limited We obtained an understanding of the legal and regulatory frarnework applicable to the charity and the sector in which it operates. We detemined that the following laws and regulations were most significant: the Companie5 Act 2006 and Charity Act 2008 and we determined that the financial reporting framework used was FRS 102. We obtained an understanding of how the charity is cornplying with those legal, regulatory and fmancial reporting frameworks by making inquiries of management. and We assessed the susceptibility of the chaiity's fRnancial statements to material misstatement, including how fraud Might occur. Based on the results of our risk assessment we designed ow audit procedures to identify non-compliance with such laws and regulations identified above. Audit procedures performed included.. identifying the nature of the charity and operational perforniance- enquiring of management about their own identification and assessment of the Tisk of irregularities and whether they have any knowledge of any actual, suspected or alleged fraud; identifying and assessing the design effectiveness of controls rnanagement has in place to prevent and detect understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process. identifying and assessing the extent of compliance with laws and regulations and enquiring of management if they are aware of any instance of non-compliance. assessing assumptions and judgements made by management in its significant accounting estimates for reasonableness. perforniing analytical procedures to identify any unusual or unexpected variations that may indicate risk of material misstatement due to fraud. in addressing the risk of fraud thxough managernent override of controls, testing the appropriafrness of journal entries and other adjustments; assessing whether the judgements made in rnaking accounting estimates are iThdicative of a potential bias. and evaluating the business rationale of any significant transactions that are unusual OT Outside the norrnal course of business. and enquiring of management concerning actual and potential litigation and claims. There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstaternent 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 OT intentional misrepresentations, or through collusion. Page 7
Northern Area Community Network Limited Independent Auditor's Report to the Members of Northern Area Community Network Limited Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. 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 exfrnt perniitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for ow audit work, for this repo¢ or for the opinions we have fonned. Trevor Shiels (Senior Statutory Auditor) For and on behalf of D T Carson & Co, Statutory Auditor 5 R-53 Thomas Street Ballymena Co. Antrim B T43 6AZ 24 October 2023 Page 8
Northern Area Community Network Limited Statement of Financial Activities for tbe Year Ended 31 March 2023 (Including IDcome and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2023 Iyote Income and Endowments from: Charitable activities Other income 556,221 6,982 556,221 11,038 4,056 Total income 4.056 563,203 567,259 Expenditure on: Charitable activities (23,759) (611,410) (635,169) Total expenditure 23,759 (611,410) (635,169) Net expenditure (19,703 (48,207) (67,910) Net movement in fund5 (19,703) (48,207) (67,910) Reconciliation of funds Total funds brought forward Total funds carried forward 244,601 70,942 315,543 14 224.898 Unrestricted fund5 22,735 Restricted funds 247,633 Total 2022 Note Income and Endowments from: Charitable activities Other income 604,581 13,772 604,581 16,572 2,800 Total income 2,800 618,353 621,153 Expenditure on: Charitable activities (20.831) (547,411) (568,242) Total expenditure (20,831) (547,411) (568,242) Net (expenditure)lincome Net movement in ndS (18,031) 70,942 52,911 (18,031) 70,942 52,911 Reconciliation of funds Total funds brought forward 262,632 262.632 Total funds carried fonvard 14 244.601 70,942 315,543 All of the charity's activities derive from continuing operations during the above two periods. The fijnds breakdown for 2022 is shown in note 14. The notes on pages I I to 17 forni an integral part of these financial statements. Page 9
Northern Area Community Network Limited (Registratioll number: N1032592) Balance Sbeet as at 31 March 2023 2023 2022 Note Fixed assets Tangible assets 10 5,960 7,449 Current assets Debtors Cash at bank and in hand 11,359 241,278 35,901 284,479 12 252,637 320,380 Creditors.. Amounts falling due within one year Net Current assets (10,964 (12,286 241,673 308,094 Net assets 247,633 315,543 Funds ofthe Charity: Restricted income funds Restricted 22,735 70,942 Unrestrieted income funds Unrestricted 224,898 244,601 Total funds 14 247,633 315,543 The financial statements on pages 9 to 17 wer¢ approved by the trustees, and authorised for issue on 24 October 2023 and signed on their behalf by: Jam McKay Chainnan and Trustee Mary Gilmore Company Secretsry and Trustee The notes on pages I I to 17 forni an integral part of these financial statements. Page 10
Northern Area Community Network Limited Notes to the Financial Statements for the Year Ended 31 March 2023 I Charity ststus The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the 855ets of the charity in the event of liquidation. The address of its registered office is.. Old School House 25 Mill Street Cushendall Ballymena Co. Antrim BT44 ORR These financial statements were authorised for issue by the tNste¢5 on 24 October 2023. 2 Aecounting policies Summary of significant aecounting policies and key accounting estimates The principal accounting policie5 applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the year5 presented, unless otherwise stated. Statement of complianee The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), and the Companies Act 2006. Basis of preparation Northern Area Community Network Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy notes. Going Concern The financial statements have been prepared on a going concern basis as the trustees consider that there aTe no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the caTrying value of assets held by the charity. The trustees have considered both the level of ndS held and the expected level of income and exp¢nditure for 12 month5 from authorising these fmancial statements, taking into consideration all relevant factors. Exemption frorn preparing 2 cash flow statement The charity Opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Page 11
Iyorthern Area Community Network Limited Notes to the Financial Statements for the Year Ellded 31 March 2023 Income Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific perforn]ance conditions. Grant income included in this cat¢rgory provides funding to support programme activity and 15 recognised where there is entitlement. certainty of receipt and the amounts can be measured with sufficient reliability. Expenditure All expenditure is recognised once there is a legal or ConstCtIVe obligation to that expenditure, it is probable settlement IS Tequired and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Cliarilable aclivilies 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. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reirnbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the defmition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exernpt from taxation in respect of income or capital gains received withiTh categories covered by Chapter 3 Part I l of the cooration Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gain5 ate applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets are initially Tecorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairn]ent losses. DepreciatlOD and amortisation Depreciation is Provided on tangible fixed assets 50 a5 to write off the c05t or valuation, less any estimated residual value. oveT their expected useful economic life as follow5: Asset cla55 Equiprnent Depreeiation method and rate 200/0 reducing balance Page 12
Iyorthern Area Community Network Limited Notes to the Financial Statements for the Year Ellded 31 March 2023 Trade debtors Trade debtors are amount5 due from fimding bodies and customers for services perfornied in the ordinary course of busine55. Trade debtors are recognised initially at the transaction price. They are subsequently measured at cost less provision for impairnient. A provision for the impairnient of trade debtors is ¢stablished when there is objective evidence that the chaTIty will not be able to collect all amounts due according to the original tenns of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-terni highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted income ndS are general fimds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income fund5 are those donated for use in a particular ar¢a or foT specific purposes, the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension nd and the charity has no legal or constructive obligation to pay fvrther contributions even if the fund does not hold sufficient assets to pay all employees the benefit5 relating to ernployee service in the cuent and prior periods. Contributions to defined contribution plans are Tecognised in the Staternent of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. 3 Income frorn charitable activitie5 Unrestrieted funds General Restricted funds Total 2023 Tot21 2022 Grant income Sundry income 556,221 6,982 563.203 556,221 11,038 604,581 16,572 4.056 4,056 567,259 621,153 Page 13
Northern Area Community Network Limited Notes to the Financial Statements for the Year Ended 31 March 2023 4 Expenditure on charitable activities Unrestricted funds General Restricted funds Total 2023 Total 2022 Project costs Wages and salaries Staff NIC (Employers) Staff Pensions Services hired Training and recruitment Rent and rates Heat, light and power Insurance Repairs Telephone Computer software and expenses Postage, stationery and advertising Sundry expenses Legal and professional fees Travel and 5ubsistenc¢ Bank fees Depreciation 225,161 288,744 24,933 17,219 225,161 300,127 24,933 17,219 211,866 245,587 18,793 12.470 16,625 3,809 11,127 5,496 4,481 1,973 4,176 7,735 10.645 2,212 3.358 1,061 97 1,863 563.374 11,383 2.612 11.154 6,859 4,801 1,206 4.351 8,568 10.719 916 2,612 11,154 6,859 4,801 1,206 4,351 8,568 10,719 1,411 4,774 4,167 199 1,489 495 4,774 4,167 199 1,489 18.340 611,410 629,750 In addition to the expenditure analysed above, there are also gov¢rnance costs of £5,419 (2022 - £4,868) which relate directly to charitabl¢ activities. See note 5 for further details. 5 Analysis of governance and support costs Governance costs Unrestricted funds General Total funds Audit fees Audit of the financial ststements Legal and professional fee5 2,484 2.935 2,484 2,935 Total for 2023 5,419 5.419 Total for 2022 4,868 4,868 Page 14
Northern Area Community Nelwork Limited Notes to the Financial Statements for the Year Ended 31 March 2023 6 Net incomingloutgoing resources Net (outgoing)lincoming resources for the year include.. 2023 2022 Audit fees Depreciation of fixed assets 2,484 1,489 2,190 1,863 7 Staff costs The aggregate payroll costs were as follows.. 2023 2022 Staff costs during the year Ivere: Wages and salaries Social security costs Pension costs 300,127 24,933 17,219 245.587 18,793 12,470 342,279 276,850 The monthly average number of person5 (including senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows.. 2023 2022 Staff io 10 (2022 - 9) of the above employees participated in the Defmed Contribution Pension Schemes. Contributions to the employee pension schemes for the year totalled £17,219 (2022 - £12,470). No employee received emolurnents of more than £60.000 during the year. 8 Auditors, remuneration 2023 2022 Audit of the fancial statements 2,484 2.190 9 Taxation The charity is a registered charity and 15 therefore exempt from taxation. Page 15
Northern Area Community Network Limited Notes to the Financial Statements for the Year Ended 31 March 2023 10 Tangible fixed assets Furniture and equipment Total Cost At l April 2022 120,236 120,236 At 31 March 2023 120,236 120,236 Depreciation At l April 2022 Charge foT the year At 31 March 2023 112,787 1,489 112,787 1.489 114,276 114,276 Net book value At 31 March 2023 5.960 5.960 At 31 March 2022 7.449 7,449 11 Debtors 2023 2022 Trade debtors 11,359 35,901 12 Cash and cash equivalents 2023 2022 Cash on hand Cash at bank 131 241,147 244 284.235 241,278 284,479 13 Creditors: amounts falling due Ivithin one year 2023 2022 Accruals 10.964 12,286 Page 16
Northern Area Commullity Network Limited Notes to tbe Financial Statements for the Year Ended 31 March 2023 14 Funds Balance at I April 2022 Incoming resources Resources expended Balance at 31 March 2023 Unrestricted Unreslricled ¥eneralfunds Generdl Funds Restricted Funds 244,601 70.942 4,056 563,203 (23,759) (611,410 224,898 22,735 Total funds 315,543 567,259 (635,169 247,633 Balance at I April 2021 Incoming resources Resources expended Balance at 31 March 2022 Unrestricted Unreslricled generalfunds General Funds Restricted Funds 262.632 2,800 618,353 (20,831) (547,411) 244,601 70.942 Total funds 262,632 621,153 (568,242) 315,543 15 Analysis of net assets between fund5 Unrestricted funds General Total funds at 31 Mareh 2023 Restricted funds Tangible fixed assets Current assets Current liabilities 5,960 229,902 (10.964) 5,960 252,637 (10,964) 247,633 22,735 Total net assets 224,898 22,735 Page 17