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← Northern Area Community Network Limited

2025-03-31-accounts

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Company registration number: NI032592 Charity registration number: 101173

Northern Area Community Network Limited

(A company limited by guarantee)

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Annual Report and Financial Statements for the Year Ended 31 March 2025

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COMPANIES HOUSE
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Northern Area Community Network Limited

Contents

Reference and Administrative Details » J
Trustees’ Report 2 to4
Independent Examiner's Report 5
Statement ofFinancial Activities 6
Balance Sheet 7
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NotestotheFinancialStatements 8to14
Northern Area Community Network Limited Northern Area Community Network Limited
Reference and Administrative Details
Chairman William Colvin
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Trustees William Colvin
RobertMcIlroy
Mary Gilmore
Lexie Scott
James Mutholland
Simona Boriceanu
Secretary RobertMcllroy
Charity RegistrationNumber 101173
Company Registration Number NI032592
The charity is incorporated inNorthern Ireland.
Registered Office Old School House
25 Mill Street
Cushendall
Ballymena
Co. Antrim
BT44 ORR
Independent Examiner DTCarson& Co
Chartered Accountants
51-53 Thomas Street
Ballymena
Co. Antrim
‘ BT43 6AZ
Bankers Danske Bank
‘ 1-2 Broadway Avenue
Ballymena
Co Antrim
BT437AA

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Page 1

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 2025.

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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, strategies and activities

The primary aims ofNorthern 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. ,

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Northern Area Community Network Limited provides community development support to communities throughout the Northern Area. The charity does this by determining 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 health and social wellbeing.

The trustees do not expect the activities to change significantly during the incoming year.

Public benefit

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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 them to tackle the wider determinants of health.

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The trustees confirm 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 increase in incoming resources of the charity for the current year of £499,036 (2024 : £490,350), as a result of increased other income. Total resources expended have also decreased from the previous year at £454,867 (2024 : £573,359), due mainly to a reduction in project and payroll costs This resulted in an overall net surplus in funds of £44,169, compared to a net deficit in the previous year of £83,009. Total funds of the charity are now £208,793 and are allocated to restricted funds of £65,934 and unrestricted funds of £142,859.

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 future. The trustees feel it is beneficial to hold an amount in unrestricted funds to cover running costs for a period of nine months to enable 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).

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Northern Area Community Network Limited

Trustees' Report

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: William Colvin Robert Mcllroy Mary Gilmore Lexie Scott James Mulholland Simona Boriceanu (appointed 1 May 2025) James McKay (retired 14 January 2025) Chairman: William Colvin Secretary: Robert Mcllroy

Structure, governance and management Nature ofgoverning document

Northern Area Community Network Limited is 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 Northern Area Community Network Limited for the purposes 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 they 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 charitable company for that period. In preparing these financial statements, the trustees are required to:

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 2006and Charities Act (Northern Ireland) 2008. They are also 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.

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Northern Area Community Network Limited

Trustees' Report

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The annual report was approved by the trustees of the charity on 26 August 2025 and signed on its behalf by:

Robert Mellro Company Secretary and Tiystee

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Page 4

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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 trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

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 accordance 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 out under section 65 of the Charities Act (Northern Ireland) 2008. In carrying out my 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 statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination becauseI am a member of Institute of Chartered Accountants in Ireland, which is one of the listed bodies.

Iexaminationhave completedgivingmymeexamination.cause to believe:I confirm that no matters have come to my attention in, connection with the

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

James Wallace Chartered Accountants Institute of Chartered Accountants in Ireland

51-53 Thomas Street

Ballymena Co. Antrim BT43 6AZ

26 August 2025

Page 5

Northern Area Community Network Limited

Statement of Financial Activities for the Year Ended 31 March 2025

(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Unrestricted Restricted Total
, funds funds 2025
Note £ £ £
Income and Endowments from:
Charitable activities 3 - 460,732 460,732
Other income 8,008 30,296 38,304
Total income 8,008 491,028 499,036
Expenditure on:
Charitable activities 4 (19,626) (435,241) (454,867)
Total expenditure (19,626) (435,241) (454,867)
Net (expenditure)/income (11,618) 55,787 44,169
Netmovement in funds (11,618) 55,787 44,169
Reconciliation offunds
Total funds brought forward 154,477 10,147: 164,624
Total funds carried forward 14 142,859 65,934 208,793
Unrestricted Restricted Total
funds funds 2024
: Note £ £ £ ‘
Income and Endowments from: ;
Charitable activities 3 - 459,443 459,443
Other income 6,878 24,029 30,907
Total income 6,878 483,472 490,350
Expenditure on: .
Charitable activities 4 (77,299) (496,060) (573,359)
Total expenditure (77,299) (496,060) (573,359)
Net expenditure (70,421) (12,588) (83,009)
Netmovement in funds (70,421) (12,588) (83,009)
Reconciliation offunds
Total funds brought forward ; 224,898 22,735 247,633
Totalfundscarriedforward 14 154,477 10,147 164,624

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 14.

The notes on pages 8 to 14 form an integral part of these financial statements. Page 6

Northern Area Community Network Limited

(Registration number: NI032592) Balance Sheet as at 31 March 2025

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2025 2024
Note £ £
Fixed assets
Tangible assets 10 7,204 6,782
Current assets
Debtors 11 21,827 18,636
Cash at bank and in hand 12 189,885 150,823
; 211,712 169,459
Creditors: Amounts falling due within one year 13 (10,123) (11,617)
Net current assets 201,589 157,842
Net assets 208,793 164,624
Funds ofthe charity:
Restricted income funds
Restricted 65,934 10,147
Unrestricted income funds
Unrestricted 142,859 154,477
Totalfunds 14 208,793 164,624

For the financial year ending 31 March 2025S the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. .

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Directors’ responsibilities:

The financial statements on pages 6 to 14were approved by the trustees, and authorised for issue on 26 August 2025 and signed on their behalf by:

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William Colvin— GL
Chairman and Trustee
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RadbertCorkpanyMy aedMcllroSecretary and Tristee5
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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 2025

1 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 the assets of the charity in the event of liquidation.

The address of its registered office is: Old School House 25 Mill Street :

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Cushendall Ballymena Co. Antrim BT44 ORR

These financial statements were authorised for issue by the trustees on 26 August 2025.

2 Accounting policies

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Summary of significant accounting policies and key accounting estimates

The principal accounting 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 stated.

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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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 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 stated 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 are no material uncertainties about the charity's ability to continue as a going concern 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 funds 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 cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

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Northern Area Community Network Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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 performance conditions. Grant income included in this catergory provides funding 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 legal 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. 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.

Charitable activities

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 reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 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 from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment 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:

Asset class 7 Equipment -

Depreciation method and rate 20% reducing balance

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Northern Area Community Network Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from funding bodies and customers for services performed in the ordinary course of business. ; ;

Trade debtors are recognised initially at the transaction price. They are subsequently measured at cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. .

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term 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 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 contributions 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 the contribution due for service, the excess is recognised as a prepayment.

3 Income from charitable activities

Income from charitable activities ,
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; Unrestricted
. funds
General		 Restricted
funds		 Total
2025		 Total
2024
£ £ £ £
Grant income - 460,732 460,732 459,443
Sundry income 8,008 30,296 38,304 30,907
8,008 491,028 499,036 490,350

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= In addition to the expenditure analysed above, there are also governance costs of £2,172 (2024 - £5,175) which . relate directly to charitable activities. See note 5 for further details.

Northern Area Community Network Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4 Expenditure on charitable activities

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted| |funds|Restricted|Total|Total| |General|funds|2025|2024| |£|£|£|£| |Project|costs|-|85,826|85,826|164,618| |Wages|and|salaries|9,180|269,033|278,213|300,457| |Staff NIC|(Employers)|-|22,096|22,096|23,391| |Staff Pensions|-|14,651|14,651|16,447| |Training|and|recruitment|-|734|734|2,842| |Rent|and|rates|-|7,839|7,839|11,183| |Heat,|light|and|power|-|2,787|2,787|4,714| |Insurance|-|4,397|4,397|4,968| |Repairs|-|918|918|1,492| |Telephone|-|4,765|4,765|4,483| |Computer|software|and|expenses|-|10,144|10,144|9,071| |Postage,|stationery|and|advertising|-|5,023|5,023|9,694| |Sundry|expenses|-|2,320|2,320|1,920| |Legal|and|professional|fees|6,276|-|6,276|5,627| |Travel|and|subsistence|.|-|4,708|4,708|5,382| |Bank|fees|196|-|196|200| |Depreciation|1,802|-|1,802|1,695| |17,454|435,241|452,695|568,184|

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5 Analysis of governance and support costs

Governance costs

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||||||| |---|---|---|---|---|---| |Unrestricted| |funds|Total| |General|funds| |.|£|£| |Independent|examiner|fees| |Examination|of the|financial|statements|2172|2,172| |Total for 2025|—272|TD| |Total for 2024|—NTS|STS|

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Northern Area Community Network Limited

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Notes to the Financial Statements for the Year Ended 31 March 2025

6 Net incoming/outgoing resources

Net incoming/(outgoing) resources for the year include:

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|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Other|non-audit|services|2,172|1,920| |Depreciation|of fixed|assets|1,802|1,695| |7|Staff costs| |The aggregate|payroll|costs were|as|follows:| |2025|2024| |£|£| |Staff costs|during|the year|were:| |Wages|and|salaries|278,213|300,457| |Social|security|costs|,|22,096|23,391| |Pension|costs|,|14,651|16,447| |— 314,960,|340,295| |The|monthly|average|number|of|persons|(including|senior|management|/|leadership|team)|employed|by|the| |charity|during|the|year|expressed|as|full|time|equivalents|was|as|follows:| |:|2025|2024| |No|No| |Staff|— |

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9 (2024 - 10) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £14,651 (2024 - £16,447).

8 Independent examiner's remuneration

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||||||| |---|---|---|---|---|---| |2025|2024| |£|£| |Examination|of the|financial|statements|2,172|1,920|

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9 Taxation

The charity is a registered charity and is therefore exempt from taxation.

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Northern Area Community Network Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

10 Tangible fixed assets

Furniture and
. equipment Total
£ £
Cost
At 1 April 2024 122,753 122,753
Additions 2,224 2,224
At 31 March 2025 124,977 124,977
Depreciation
At 1 April 2024 115,971 115,971
Charge for the year 1,802 1,802
At 31 March 2025 117,773 117,773
Net book value
At 31 March 2025 . 7,204 7,204
At 31 March 2024 6,782 6,782
11 Debtors
2025 2024
£ £
Trade debtors 21,827 18,636
12 Cash and cash equivalents
2025 2024
£ £
Cash on hand 174 39
Cash at bank 189,711 150,784
189,885 150,823
13 Creditors: amounts falling due within one year
2025 2024
£ £
Accruals ‘ 10,123 11,617

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Northern Area Community Network Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

14 Funds

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Balance at 1 Incoming Resources Balance at31
April 2024 resources expended March 2025
£ £ £ £
-Unrestricted
Unrestrictedgeneralfunds
GeneralFunds - 154,477 8,008 (19,626) 142,859
Restricted Funds — 10,147 491,028 (435,241) 65,934
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Total funds 164,624 499,036 (454,867) 208,793
Balance at 1 Incoming Resources Balanceat31
April 2023 resources expended March 2024
£ £ £ £
Unrestricted
Unrestrictedgeneralfunds ,
General Funds 224,898 6,878 (77,299) 154,477
Restricted Funds 22,735 483,472 (496,060) 10,147
Totalfunds 247,633 490,350 (573,359) 164,624

15 Analysis of net assets between funds

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Unrestricted Total funds at
funds
General
£		 Restricted
funds
£		 31 March
2025
£
Tangible fixed assets 7,204 - 7,204
Current assets 145,778 65,934 211,712
Current liabilities (10,123) - (10,123)
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Totalnetassets 142,859 65,934 208,793

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