Company registration number.. N1032592
Charity registration number.. 101173
Northern Area Community Network Limited
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2024

Northern Area Community Network Limited
Contents
Referen¢e and Administrative Details
Trustees, Report
2to4
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8t014

Northern Area Community Network Limited
Reference and Administrative Details
ChAirman
James McKay
Trustees
James McKay
Mary Gilmore
Robert McIlroy
Lexie Scott
William Colvin
James Mulholland
Secretary
Mary Gilmore
Charity Registration Number
101173
Company RegistrAtion Number
N1032592
The charity is incorporaÉed in Northern Ireland.
Old School House
25 Mill Street
Cushendall
Ballymena
Co. Antrim
B T44 ORR
Registered Office
Independent Examiner
D T Carson & Co
Chartered Accountants
51-53 Thomas Streel
Ballymena
Co. Antrim
BT43 6AZ
Bankers
Danske Bank
1-2 Broadway Avenue
Ballymena
Co Antrim
BT43 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
financial statements of the charitable company for the year ended 31 March 2024.
Objectives and activities
Objecls und aitrLS
The principal activity of the charity is to promote community development and networking services to groups in
the catchment area.
Objeetives, strategies and qclivilies
The primary aims of Northern Area Community 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
tliroughout the Northern Area. The charity does this by detemiining and responding to the key issues impacting
on the lives of rural people, and tackling poverty and social isolation. The charity is committed to other
programmes such as rural development support for the community and voluntary sector, promoting mental
health and suicide prevention and liealth 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 orgmnisations that can
support them to tackle the wider deterniinants of healtli.
The trustee5 confirm that they have complied with ihe requirements of the Charities Act 2008 to have due regard
to the public benefit guidance published by tlic Charity Commission for Nortliern Ireland.
Financial review
The trustees can report an overatl decrease in incoming resource5 of the charity for the current year of £490,350
(2023 £567.259), as a result of reduced grant inwme. Total resources expended have also decreased from the
previous year at £573,359 (2023 £635.169), due main5y to a reduction in project Costs. This resulted in an
overall net deficit in funds of £83,009. compared to a net deficit in the previous year of £67,910. Total funds of
the charity are Dow £164,624 and are allocated to restricted funds of £10,147 and unrestricted funds of
£154,477.
Policy on reserves
In cal¢ulating the required level of reserves the charity takes iiito account the risks of income and expenditure
being different from that budgeted, planned activity levels and development opportunities arising in th¢ near
future. The trustees feel it 15 beneficial to hold an amount in unrestricted funds to cover riinning ¢osls for a
period of nine months to ¢nabSe the company to continue at its current level of activity.
Principalfunding sources
Principal funding is received from the Public Health Agency and DAERA (Rural Community Development
Support Programme).
Page 2

Northern Area Community Netsvork Limited
Trustees, Report
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees..
James McKay
Mary Gilmore
Robert M¢Ilroy
Lexie Scott
William Colvin
James Mulholland
Chairnian:
James McKay
Secretary:
Mary Gilmore
Strueturej governanee and management
Nalure ofgoverning dts¢umen¢
Northern Area Commuiiity Network Limited i5 a company limited by guarantee and is also a recognised 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 Nortliern Area Community Network Limited for the pU￿oseS of
company law) are responsible for preparing the trustees, 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 tliey are 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 chmritable company for that period. In preparing these financial
statements, the trustees are required to..
select suitable accounting policies and apply them consistently.
observe the methods and priiiciples in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any
material departure5 disclosed and explained in tlie financial statements. and
prepare the financial statements on the going concern basi5 unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at
any time the financial position of the charitable coinpany and enable them to ensure that the financial statements
comply with the Companies Act 2006and Cliarities Act (Northern Ireland) 2008. They are also responsible for
safeguarding the assets of the rharitable company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularilies.
The trustees are re5pon5ible for the maintenance and integrity of the corporate and financial inforniation
included on the charitable company's website. Legislation governing the preparation and dissemination of
financial statern¢nt5 may differ from legislation in other jurisdictions.
Page 3

Northern Area Community Network Limited
Trustees, Report
The annual report was approved by the trustee5 of the charity on 16 September 2024 and signed on its behalf by=
Mary Gilmore
Company Secretary and Trustee
Page 4

Northern Area Community Network Limited
Independent Examiner's Report to the trustees of Northern Area Community Network
Limited ('the Company,)
I report to the charity trustee5 on my examination of the accounts of the Company for the year ended 31 March
2024.
Responsibilities And basis of report
As the charity's trustees of Northern Area Community Network Limited {and also its directors for the purposes
of company law) you are responsible for the preparation of the accounts in ac¢ordance with the requirements of
the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of Northern Area Community Network Limited are not required to be
audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my
examination of your charity's accounts as carried oiit under section 65 of the Charities Act (Northern Ireland)
2008. In carryiiig out iny examination I have followed the Directions given by the Charity Commission for
Northern Ireland under section 65(9)(b) of the Charities Act.
Independent examiner's $tAtement
Since the Company's gross income exceeded £250,000 your examiner inusl be a member of a body listed in
section 145 of the 201 l Act. I confirn) that l am qualified to undertake the examination because l am a member
of Institute of Chartered Accountants in Ireland. which is one of the listed bodies.
I have completed my examination. I confirni that no matters have come to my attention in connection with the
examination giving me cause to believe:
accounting records were not kept in respect of Northern Area Community Network Limited as required by
section 386 of the 2006 Act- or
2. the accounts do not accord with those records. or
3. the a¢¢ounts do not comply with the accounting requirenients of section 396 of the 2006 Act other than
any requirenient that the accounts give a 'true and fair view, whi¢h is not a matter considered as part of an
independent examination. or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities [applicable to charitie5 preparing their
accolints in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention
hould be drawn in this report in order tr) enable a proper understanding of the accounts to be reached.
James Wallace
Chartered Accountants
Institute of Chartered Accountants in Ireland
51-53 Thoma5 Street
Ballymena
Co. Antrim
BT43 6AZ
16 September 2024
Page 5

Northern Area Community Iyetwork Limited
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestricted
funds
Restricted
funds
Tot21
2024
Note
Income and Endowments from:
Charitable activities
Other income
459,44J
24.029
459,443
30,907
6.878
Total income
6,878
483,472
490,350
Expenditure on:
Charitable activities
(77.299)
(496,060)
(573.359)
Total expenditure
(77,299)
(496,060)
573,359)
Net expenditure
(70.421)
(12.588)
(83.009)
Net movement in funds
(70,421)
(12.588)
(83.009)
Reconciliation of funds
Total funds brought forward
224,898
22,735
247.633
Total funds carried forward
15
154,477
Unrestricted
funds
10,147
Restricted
funds
164,624
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 funds
(19,703)
(48,207)
(67,910)
Reconciliation of funds
Total funds brought forward
Total fund5 carried forward
244,601
70,942
315,543
15
224,898
22.735
247,633
All of the charity's activities derive from continuing operations during the above two period5.
The fvnds breakdown for 2023 is shown in note 15.
The note5 on pages 8 to 14 fotm an integral part of these financial statements.
Page 6

Northern Area Community Network Limited
(Registration number: N1032592)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
6,782
5,960
Current assets
Debtors
Cash at bank and in hand
12
13
18.636
150,82J
11,359
241.278
169,459
252.637
Creditors: Amounts falling due within one year
Net current assets
14
(11,617)
(10,964)
157.842
241.673
Net asset5
164,624
247,633
Funds of the ¢hgTity:
Restricted income funds
Restricted
10,147
22.735
Unrestricted income funds
Unrestricted
154,477
224,898
Total funds
15
164,624
247,633
For the financial year endiiig 31 March 2024 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relatiiig to small companies.
Directors, re5ponsibilities'.
The members have not required the charity to obtsin an audit of it5 accounts for the year in question in
a¢¢ordance with section 476- and
The directors acknowledge their responsibilities for complying with the requirements of the Act with respe¢t
to accounting records and the preparation of accounts.
Th¢ financial Statements on pages 6 to 14 were approved by the trustee5, and authorised for issue on 16
Septeinber 2024 and signed on their behalf by..
e5 McKay
Chairman and Trustee
Mary Gilmore
Company Secretary and Trustee
The notes on pages 8 to 14 form an integral part of these financial statements.
Page 7

Northern Area Community Network Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
I Charity status
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 tlie assets 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
B T44 ORR
These financial statements were authorised for issue by the trustees on 16 September 2024.
2 Aceounting policies
Summary of signifitant accounting policies and key #etounting estimates
The principal a¢counting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all the years presented, unless otherwise ststed.
Statement of Compliance
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 th¢
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {¢ffective l Janiiary
2015) - (Charitie5 SORP (FRS 102)), and the Companies Act 2006.
Basis of preparation
Northem 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 stated in the
relevant accounting policy not¢s.
Going concern
The financial statements have been prepared on a going concern basis as the trustees consider that there are no
material uncertainties about tlie charity's ability to continue as a going conceni nor any significant areas of
uncertainty that affect the carrying value of assets held by the charity. The trustees have considered both the
level of fijnds held and the expected level of income and expenditure for 12 months from authorising these
financial statements, taking into consideration all relevant factors.
Exemption from preparing a ¢ash 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 staternents.
Page 8

Northern Area Community Network Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Income
Income from charitable activities includes income recogiiised as earned (as the related goods or services are
provided) under contract or where entitlement to grant funding is subject to speclfic perfomiance conditions.
Grant income included in this catergory provides thnding to support programme activity and is 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 legaI or constructive obligation to that expenditure. it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Wliere 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.
Charitable activilies
Charitable expenditure coinprises those Costs incurred by the charity in the delivery of its activities and services
for it5 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. strategi¢ management and trustees meetings and reimbursed expenses.
Tgxation
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 definition of a charitable company for UK corporation tax purposes. Accordingly, the
charity is potentially exempt froin taxation in respect of income or capital gains received within ¢ategories
covered by Chapter 3 Part I l of the Corpordtion Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gain5 Act 1992, to the ex¢ent that such income or gains are applied exclusively to charitable purposes.
Tangible fjxed assets
Individual fixed assets are initially recorded at cost. less any subsequent accumulated d¢preGiation and
subsequent accurnulated impaiment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation. less any estimated
residual value. over their expected useful economic life as follows..
A55et class
Equipment
Depreciation method And rate
200/0 reducing balance
Page 9

Northern Area Community Network Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Trgde debtors
Trade debtors are amounts due from fvnding bodies and customers for services perfonned in the ordinary course
of business.
Trade debtors are recognised initially at tlie transaction price. They are subsequently measured at cost less
provision for impairment. A provision for the impairnient of trade debtors is established when ihere is objective
evidence that the charity will not be able to collect all ￿noUntS due according to the original terns of the
receivables.
Cash #nd eash equivalents
Cash and cash equivalents comprtse Cash on hand and call deposits, and other sliort-tern) highly liquid
investments that are readily convertible to a known amount of ¢asli and are subject to an insignificant risk of
change in value.
Fund strueture
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of
the objectives of the charity-
Restricted income funds are those donated for use in a particular area or for 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
¢ontributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further
contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to
employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are
due. If contribution payments exceed tlje contribution due for Se￿Ice, tiie excess is recognised as a prepayment.
3 Income from eharitable activities
Unrestricted
funds
General
Restricted
funds
Total
2024
Total
2023
Grant income
Sundry income
459,443
24.029
459,443
30.907
556,221
11.038
6,878
6,878
483,472
490,350
567,259
Page 10

Northern Area Community Network Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
4 Expenditure on chaTltable activities
Unrestricted
funds
General
Restricted
funds
TotAI
2024
Total
2013
Project costs
Wages and salaries
Staff NIC {Employer5)
Staff Pensions
Training and recruitment
Rent and rates
Heat, light and power
Insurance
Repairs
Telephone
Computer softwar¢ and expenses
Postage, stationery and advertising
Sundry expenses
Legal and professional fees
Travel and subsistence
Bank fees
Depreciation
164.618
235.855
23.391
16,447
2,842
11,183
4,714
4,968
1,492
4,483
9.071
9,694
1.920
164.618
300.457
23.391
16.447
2,842
11,183
4.714
4.968
1,492
4,483
9,071
9,694
1,920
5,627
5,382
200
1,695
225,161
300,127
24.933
17,219
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
64,602
5,627
5,382
200
,695
72,124
496,060
568,184
629,750
In addition to the expenditure analysed above, there are also governance costs of £5,175 (2023 £5.419) which
relate directly to charitable activities. See note 5 for further details.
5 Analysis of governance and support costs
Governance costs
Unrestricted
funds
General
Total
funds
Independent examiner fees
Examination of the financial statements
Legal and professional fees
1.920
3,255
1,920
3.255
Total for 2024
5,175
5.175
Total for 2023
5,419
5,419
Pagell

Northern Area Community Network Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
6 Net incomingloutgoing resources
Net outgoing resources for the year include:
2024
2023
Audit fees
Other non-audit services
Depreciation of fixed assets
2,484
1,920
1,695
1,489
7 St2ff costs
The aggregate payroll costs were as follows..
2024
2023
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
300,457
23,391
16,447
300,127
24,933
17,219
340,295
342,279
The monthly average number of persons (including senior Inanagement I leadership team) employed by the
charity during the year expressed as full time 4uivalents was ￿ follows:
2024
2023
Staff
io
io
10 (2023 - 10) of tli¢ above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £16.447 (2023 - £17,219).
8 Independent examiner's remuneration
2024
Examination of the financial statements
1.920
9 Auditors, remuneration
2023
Audit of the financial statements
2.484
Page 12

Northern Area Community Network Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
10 Taxation
The charity is a registered charity and is therefore exenipt from taxation.
11 Tangible fixed assets
Furniture and
equipment
Total
Cost
At l April 2023
Additions
120,236
2,517
120,2J6
2,517
At J l March 2024
122.753
122,753
Depreciation
At l April 2023
Charge for the year
114,276
1,695
114,276
1.695
At 31 March 2024
115.971
115,971
Net book value
At 31 March 2024
6,782
6,782
At 31 March 2023
5,960
5,960
12 Debtors
2024
2023
Trade debtors
11,359
13 Cash and cash equivalents
2024
2023
C3511 on hand
Cash at bank
39
150,784
131
241.147
150,823
241,278
14 Creditor$: amounts falling due within one year
2024
2023
Accruals
11.617
10,964
Page 13

Northern Area Community Iyetwork Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
15 Funds
Balance at I
April 2023
Incoming
resources
Resources
expended
BalAnce at 31
March 2024
Unrestricted
Unreslricled generalfunds
General Funds
Restricted Funds
224,898
22,735
6,878
483,472
(77.299)
(496,060}
154,477
10.147
Total funds
247,633
490.350
(573,359)
164,624
Balance at I
April 20Z2
Incoming
resources
Resources
expended
B21#nee at 31
March 2023
Unrestrieted
Unrestrictedgeneralfunds
General Funds
Restricted Fund5
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
16 Analysis of net assets between funds
Unrestricted
funds
General
Total funds at
31 March
2024
Restricted
funds
Tangible fixed assets
Current assets
Current liabilities
6.782
159,312
(11,617)
6,782
169,459
(11,617)
10,147
Total net assets
154,477
10,147
164,624
Page 14