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 cu￿ent 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 inCu￿ed
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 Stand￿ds, 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 tn￿tr¢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 Const￿CtIVe 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 co￿oration 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 cu￿ent 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 f￿ancial 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