COMPANY REGISTRATION NUMBER: N1047208 CHARITY REGISTRATION NUMBER: 101423 Nest Group Counselling (Ireland) Limited Company Limited by Guarantee Unaudited Financial Statements 31 December 2020
Nest Group Counselllng (Ireland) Limited Company Llmlted by Guarantee Financlal Statements Year ended 31 December 2020 Page Trustees, annual report (incorporating the directorfs report) Independent examinerfs report to the trustees Stalement of financial activities (Includlng income and expenditure account) Statement of financial position Notes to the financial statements
Nest Group Counselling (Ireland) Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 December 2020 The trustees. who are also the directors for the purposes of company law. present their report and the unaudited finandal statements of the charity for the year ended 31 December 2020. Roferencg and admlnlstratlvo details Reglstered charlty name Nest Group Counselllng Ilreland) Limited Charlty ro91stratlon number 101423 Company reglstratlon numb•r N1047208 Prlnclpal offlce and reglslored 2 Beaver Crescent Maghera County Londondery BT46 5RG Unlled Kingdom Tho truste8B Mr G O'cmnell Ms S M¢William$ Company secretary Mr Gerard O'connell IndgP8Ddent examlner Thomas Harkin FCCA Structur•, govorn•nc• and rnanagem•nt Nest Grc4Jp Coun$elling (Irdandl Limited is a company limited by guarantee and a Charity govemed by Sls memorandum and articles of as5w1ati. The company has been accepted as a chaty by the Charity Commission for Northem Ireland. The dlrectors of the charllable company are hs Iruslee$ for the purposes of charity law and throughout this reF)Ort are collectively referred to as the Iruslees. The Iruslees who have served during the year are listed above. Trustees are appointed by the board and serve for three years, after which period they may pul themsefves forward for re-election. Oblectlves and actlvltles The objects for which the cornpany is established are as follows.. to support and profflote the treatment of indiwduals suffering from abuse. neglect and pregnancy loss howsoever arising. by Ineans of counselling and any other means with a view to prevention of their recKcurrence. In setting the objectives and annIng the activities for the year the trustees have given careful consideration to the Charity Commission for Northem Ireland's guidance on public benefit lo ensure Ihat the activities have helped to aChve the charitys wrposes and provide a benefrt lo the beneficiaries.
Nest Group Counselling {Ireland) Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) fcontlnued) Year ended 31 December 2020 Achlevements and perforn)ance The charity has not had any activiti8$ during the financial year. Flnanclal revlew Thè results for the year, and the charitls financial position al the year end are shown in the attached financial statements. The only transaction during the year has been the receipt of deposit interest. Plans for future perlods The trustees Intend lo ntInue the work of the tharity in the coming year. Small company provlslons Thls report has been prepared In aixordance with the provlslons applicable lo c(Knpani8s entiued to the small companles ex8mpllon. The Iruslees, annual report was approved C 9 September 20218Thl signed on behalf of Ihe board of trustees by.. Mr Gerard O'connell Charity Secretary
Nest Group Counselling (Ireland) Limited Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Nest Group Counselling (Ireland) Limited Year ended 31 December 2020 I report lo the trustees on my examination of the financial statefflents of Nest Group Counselling Ilreland} Limited Ilhe c*artWl for Ihe year ended 31 December 2020. Responsibllitles and basls of report As the trustees of the company {and also ils directors for the purposes of company law) you are responslble for the preparation of the financial statements in accordance with the requirements of Ch8rhies Act INorthem Ireland) 2008 (the '2008 Act'l and the Companies Act 20061'the 2006 Act,). You are sallsfied that the accounts of the ¢x)mpany are not required by charity or company law to be audited and have ¢hosgn instead lo have an independènt examinati¢)n. HavSng satisfied myself that th& a¢Gounls of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for Indepondenl examination, I report in respect of my examinallon of the charit¥5 financlal statements as carried out under section 65 of the 2008 Act. In carrying out my examinallon I have lollowed the general Dire¢tion$ given by the Charity Ccrfnmlssion for Northem Ireland under section 65(9}Ibl of the 2008 Act. Independent •xamlnorf$ statornont I have completed my examlnallon. I confim that no matters have me to my attentlon In ¢onne¢tlon with my ex8mlnalion glving me cause to believe that in any malenal respect.. aGcounting records were not kept In respe¢t ol the ¢harity as required by section 386 of the 2)6 Act,. or the flnanclal statements do not accord with those records: or Ihe financial statements do not C¥)mply NMth the a¢¢ounting requirements of section 396 of the 2006 Act other than any requlremenl that the accounts give a 'true and fairf view which Is not a matter considered as part of an Independent examination; or the financlal statements have not been prepared in axordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charllies applicable to charities preparing their accounts in accordance wth the Financial Reporting Stsndard appllcable In the UK and Republic of IreLqnd {FRS 1021. I confimi that there are no other matters to which your attention should be drawn lo enable a proper understanding of the accounls to be reached. Thomas Hafkin FCCA Independent Examiner Patrick Durkan & Co Chartered Certified Accountants Office 8 Springrowth House Balliniska Road Dery BT48 OGG
Nest Group Counselling (Ireland) Limited Company Limited by Guarantee Statement of Financial Actlvlties (including income and expenditure account) Year ended 31 December 2020 2020 2019 Unrestricted funds Total funds Tolal funds Not• Income and •ndowment8 Investment income 139 139 138 Total Income 139 139 138 Expendlture Other expenditure Total oxpendlturo 374 374 50 374 374 50 Net {expendlturoinnGome and ngt movem•nl In funds (235) 12351 88 ReconclllatSon of fund8 Total funds brought forward Total funds carrl•d forward 54.379 54,379 54,144 54,291 54,379 54.144 The statement of financial actNities includes all gains and h)s$&s recognlsed in the year. All Income and expendiluro derive from continulng actIvit8. The notes on pages 6 to 10 fomi part of these flnanclal statsm•nts.
Nest Group Counselling (Ireland) Limited Company Limited by Guarantee Statement of Financial Posltlon 31 December 2020 2020 2019 Not• Current assets Cash al bank and in hand 54.519 54.379 Croditors: amounts falllng due wlthln one year Net current assots 375 54.144 54.379 Total assets less current Ilabllltles 54.144 54.144 54.379 Net assets 54,379 Funds ofthe charlty Unr8slriGled funds 54,144 54,144 54.379 Total charlty funds 10 54,379 For the year ending 31 December 2020 the charity was entled to exemptlon from audit under sacllon 477 of the Companies Act 2006 relating lo small companles. Dlre¢tors' Tesponsibilrties: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with seclK)n 476., The directors a¢knowledge their res[sIbil1e8 for Complying wlh the requirements of the Act with respect to accounting records and the preparation of financial ststemenls. These financial statements have been prepared in acurdance wth the provi$lon$ appll¢able to companies subject to the small Companies. regime. These flnancial statements were approved by the board of trustees and authorised for issue on 9 September 2021, and are signed on behalf of the board by. Mr G O'connell Trustee Th# notes on pag•s 6 to 10 forni part ot th•s• ffn•nclal stat•m•nts.
Nest Group Counselling (Ireland) Limited Company Llmited by Guarantee Notes to the Financial Statements Year 6nded 31 December 2020 Genoral Inforniatlon The charity is a public benefit enlty and a private company Ilmfted by guarantee, registered in and a registered charrty in Northem Ireland. The address of the registered office is 2 Beaver Crescent. Maghera. County Londondery, BT46 5RG. Unf(ed Kingdom. ststemont of ¢ompllance These financial statements have been prepared in compliance with FRS 102. The Financlal Reporting Standard applicable in the UK and the Républic of Ireland,, the Stsl8menl of Recommended Practice applicable lo chariiies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ1¢ of Ireland {FRS 1021 (Charities SORP IFRS 10211 and th8 Companies Act 2006. Ac¢ountlng pollcl88 Basls of pr•paratlon The financ181 statements have been prepared on the hlstorl¢81 cosl basi8, 88 modlfied by the levalualion of certain financial assets and liabilities and Invaslment propertles measured at falr value through income or expenditure. The financial statements are pffjpared in sterfing, which is the functlonal ¢urren¢y of the enlity. Golng Goncern There are no material uncertaintles about the tharitys ability to continue. Fund accountlng Unre8lri¢ted funds are availabl& for use at the discret of the trustees lo further any of the charitys purposes. Designated funds are unrestricted funds eamarked by the trustees for PaCUlar future prolect or commitment. Restricted fund$ are $ubjeGted lo restrictions on Ihebr expenditure declared by the donor or through the terms of an appeal. and fall into one of two s8$$e$.. reslricted income fvnds or ondowm6nl funds.
Nest Group Counselling (Ireland) Llmited Company Limited by Guarantee Notes to the Financial Statements (contlnu Year ended 31 December 2020 Accountlng pollclos (coft¢ln40dJ Incomlng resourcos All incoming resources are included in the statement of finanoal aclNilies when enlillement has passed lo the charity, rt is probable that the econom benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policios ar8 applied to partiujlar categcvs of inccffje: income from donations or grants 1$ recognised when there is evidence of entitlament to the grft, receipl is probable and its amount can be measured reliably. legacy income 1$ rewiised vthen receipt is probable and &nliUernent 15 estsblish8d. income from donated goods is measured at the fair value of the good$ unless thi5 IS impractical lo measure reliabty. in bthich case the value is derived from the cost to the donor or the eslimaled resale value. Donated facilities and services are recognised in th8 accounts when roGeived if th8 value can be reliably measured. No amounts are included for the conlrlbution of general volunteers. Sncom8 from contracts for the supply of services is reccgnised wth the dellvery of the contracted service. This Is dasslfied 8$ unrestricted funds unsS there is a contractual requirement for it lo be spent on a partlcular purpose and retumed if unspent, in which case il may be regarded as restricted. Ro$ources gxpgndod Expendrture is recognised on an accru81s basls as a liability 1$ incurred. Expgndilure includes any VAT which cannot b8 fully recovered. and is dassified under heading$ of the $lalement of financial adivilies lo which it relates.. expenditure on raislng funds includes the costs of all fundraislng actfvllles, events, non- charilable trading actiwties, and Ihe sale of donated goods. expenditure on charitable activit5 includes all costs incurred by a charity in undertaking a¢livilie3 that fvrther its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned to charitable activitie5. other expendtlure indudes all expenditu that is neither relaled to raising funds for the charfty nor part of tts expenditure on charitable activities. AII c051s are allocated lo expenditure calegcyies reflecting the use of the resource. Direct costs attribvlable lo a single activity are allocated direcuy to that activity. Shared Costs are 8PPOrtioned between the activities they contribute to on a reasonable. juskn'fiable and consistent basis. Financial instrurngnts A financial asset or a financial liability is recognksed only en the charity bacomes a party lo the contractual provisions of the instrumenL Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Nest Group Counselling (Ireland) Llmited Company Llmited by Guarantee Notes to the Financial Statements (condnu•d) Year ended 31 December 2020 Accounting policles (conllnued) Flnanclal Instruments i¢onllnu•dl Current assets and current liabilities 8re SubseqUenY measured at tha cash or other consideration expected to be paid or received 8nd not discounted. Debt instruments are subsequently measured al amortised cost. Where investments in shares are publdy traded or their fair value can otherwise be me8$ured reliably. the investment is subsequently measured at fair value with changes In fair v81ue rgcognised in income and expenditure. All othgr such inveslments ar8 subsequently measured at cosl185s impaimenl. Other fin8nci81 in¥truments. induding derivatives, are Initially rQgniSed at fair value, unless payment for an asset is deferred beyond nomial buslness lems or financed al a rate of interosl that is not 8 market rate. in which case the asset is measured at the present value of the future payThents diso)unted al a market rate of interest for a gimilar debt instrument. other flnanclal Instruments are subsequ8nUy measured al falr value. WTth any changes recognised in the slat8ment of financial activilies. with the exception of hedging instruments in a desSgnaled hedglng relalion$hlp. Flnancial assets that are measured at ¢o$t or amortised cost are rewewed for obSective evidence of Impairment al the end of each reporting dale. If there 1$ obJe¢live evidence of impairment, an impairment loss 1$ recognised under the appropriate heading in the slalement of financial activities Sn whlch the Inllial gain was recognised. For all equrty Instruments regardless of significance, and other financlal assets that are individually signfficanl. these are assessed individually for impaimient. Other financlal assets are eithor assgssed individually or grouped on th6 basis of simil8r credit risk GharacteristlC8. Any reversals ol irnpaiTment are recognised immediately. to the extent that the reversal does not result in a Carrwng amount of the financial asset that exceeds what Ihe carrwng amount would h8ve been h8d the impairment not prevwsly been recognised. Llrnitgd by guarantee The company is limited by guarantee and has no Sha capital. The liabdity of each member Sn the event of winding-up is limiled lo £1. Investment Income Unrestricted Tolal Funds Unre$tri¢led Totsl Fund5 Funds 2020 Funds 2019 Bank inter8St recewable 139 139 138 138
Nest Group Counselling (Ireland) Limited Company Limlted by Guarantee Notes to the Financial Statements (¢tsnllnuod) Year ended 31 December 2020 Other expendilure Unrestricled Totsl Funds Unrestricted Total Funds Funds 2020 Funds 2019 Bank charges Legal fees 50 374 374 374 374 50 Staff costs Tho total staff costs and emph)yee benefrts for the reporting p8ric#J are analy8ed a$ follows: 2020 2019 The average head count of emptoyees durlng Ihe year was Nil12019.' Nill. No employee recelved empbyee b8neflls of more than £60.000 duriThJ the year12019'. Nill. Trustao r•mun•rntlon and expenses No remuneration or other beneftts from emplownent wrth th8 charity or a related enlty were received by the Iruslees. No trustee expenses hav8 been Incurred. Credltors: amounts fallSng duo wlthln one year 2020 2019 Accruals and deferred Income 375
Nest Group Counselling {Ireland) Limited Company Limited by Guarantee Notes to the Flnancial Statements Iwntlnued) Year ended 31 December 2020 10. Analysls of chartlable fund* Unr8slrlctod funds At 1 January 202 At 31 December 2020 Inc4)m6 Expenditure General funds 54.379 139 13741 54,144 At 310e¢omber 2019 1 January 201 Income Expenditure General funds 54.291 138 150} 54,379 11. Analy81s of not 8¥8ets between fund• Unrestrlcled Total Funds Funds 2020 Currenl assets 54,144 54,144 Unrestricted Total Fund8 Funds 2019 Current assets 54,379 54,379 10-