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 Counselling (Ireland) Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2020
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities (including income and | |
| expenditure account) | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
| Trustees' Annual Report (Incorporating the Director's 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 financial statements of the charity for the year ended 31 December 2020.
Reference and administrative details
Registered charity name Nest Group Counseling (Ireland) Limited Charity registration number 101423 Company registration number N1047208 Principal office and registered 2 Beaver Crescent
office Maghera County Londonderry
BT46 5RG
United Kingdom
The trustees
Mr G O'Connell
Nest Group Counselling (Ireland) Limited
Company Limited by Guarantee
Ms S McWilliams
Company secretary Mr Gerard O'Connell Independent examiner Thomas Harkin FCCA
Structure, governance and management
Nest Group Counselling (Ireland) Limited is a company limited by guarantee and a charity governed by its memorandum and articles of association. The company has been accepted as a charity by the Charity Commission for Northern Ireland.
The directors of the charitable company are its trustees for the purposes of charity law and throughout this report are collectively referred to as the trustees. The trustees 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 put themselves forward for re-election.
Objectives and activities
The objects for which the company is established are as follows: to support and promote the treatment of individuals suffering from abuse, neglect and pregnancy loss howsoever arising, by means of counselling and any other means with a view to prevention of their reoccurrence.
In setting the objectives and planning the activities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries.
Nest Group Counselling (Ireland) Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2020
Achievements and performance
The charity has not had any activities during the financial year.
Financial review
The results for the year, and the charity's financial position at 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 periods
The trustees intend to continue the work of the charity in the coming year.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 9 September 2021 and signed on behalf of the board of trustees by:
Mr Gerard O'Connell
Charity Secretary
Independent Examiner's Report to the Trustees of Nest Group Counselling (Ireland) Limited
Year ended 31 December 2020
I report to the trustees on my examination of the financial statements of Nest Group Counseling (Ireland) Limited ('the charity') for the year ended 31 December 2020.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act') and the Companies Act 2006 ('the 2006 Act'). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company 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 the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.
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Nest Group Counselling (Ireland) Limited
Company Limited by Guarantee
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:
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fl accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
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the financial statements 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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Thomas Harkin FCCA Independent Examiner
Patrick Durkan & Co Chartered Certified Accountants Office 8 Springrowth House Balliniska Road Derry
BT48
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Statement of Activities
(including income and expenditure account)
Year ended 31 December 2020
2020 2019 Unrestricted funds Total funds Total funds Note Income and endowments E E Investment income 5 139 139 138
Nest Group Counselling (Ireland) Limited
Company Limited by Guarantee
Financial
| Financial | ||||
|---|---|---|---|---|
| Total income | 139 | 139 | 138 | |
| Expenditure | ||||
| Other expenditure | 6 | 374 | 374 | 50 |
| Total expenditure | 374 | 374 | 50 | |
| Net (expenditure)/income and net movement in funds | (235) | (235) | 88 | |
| Reconciliation of funds | ||||
| Total funds brought forward | 54,379 | 54,379 | 54,291 | |
| Total funds carried forward | 54,144 | 54,144 | 54,379 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 10 form part of these financial statements.
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Nest Group Counselling (Ireland) Limited
Company Limited by Guarantee
Financial
Statement of Position
31 December 2020
| 2020 | 2019 | |||
|---|---|---|---|---|
| Note | ||||
| Current assets | ||||
| Cash at bank and in hand | 54,519 | 54,379 | ||
| Creditors: amounts falling due within one year | 9 | 375 | ||
| Net current assets | 54,144 | 54,379 | ||
| Total assets less current liabilities | 54,144 | 54,379 | ||
| Net assets | 54,144 | 54,379 | ||
| Funds of the charity | ||||
| Unrestricted funds | 54,144 | 54,379 | ||
| Total charity funds | 10 | 54,144 | 54,379 |
For the year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial 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
Nest Group Counselling (Ireland) Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2020
The notes on pages 6 to 10 form part of these financial statements.
1 . General information
The charity is a public benefit entity and a private company limited by guarantee, registered in and a registered charity in Northern Ireland. The address of the registered office is 2 Beaver Crescent, Maghera, County Londonderry, BT46 5RG, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction
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Nest Group Counselling (Ireland) Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Nest Group Counselling (Ireland) Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
3. Accounting policies (continued)
Financial instruments (continued)
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The company is limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to El .
- Investment income
Unrestricted Total Funds Unrestricted Total Funds Funds 2020 Funds 2019
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Nest Group Counselling (Ireland) Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
| Bank interest receivable | 139 | 139 | 138 | 138 | |
|---|---|---|---|---|---|
| 6. | Other expenditure | ||||
| Unrestricted Total Funds Unrestricted | Total Funds | ||||
| Funds | 2020 | Funds | 2019 | ||
| Bank charges | 50 | 50 | |||
| Legal fees | 374 | 374 | |||
| 374 | 374 | 50 | 50 |
7. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows: 2020 2019
The average head count of employees during the year was Nil (2019: Nil).
No employee received employee benefits of more than E60,000 during the year (2019: Nil).
8. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
No trustee expenses have been incurred.
9. Creditors: amounts falling due within one year
| 2020 | 2019 | |||
|---|---|---|---|---|
| Accruals and deferred income | 375 | |||
| Analysis of charitable funds | ||||
| Unrestricted funds | ||||
| 1 January 202 | 31 December o Income | Expenditure | ||
| 2020 | ||||
| General funds | 54,379 | 139 | (374) | 54,144 |
10. Analysis of charitable funds
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Nest Group Counselling (Ireland) Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2020
| 1 January 201 | 1 January 201 | 31 December | |||
|---|---|---|---|---|---|
| 9 | Income Expenditure | Income Expenditure | 2019 | ||
| General funds | 54,291 | 138 | (50) | (50) 54,379 |
|
| 1 1. Analysis of net assets between funds | 1 1. Analysis of net assets between funds | 1 1. Analysis of net assets between funds | |||
| Unrestricted Total Funds | |||||
| Funds | 2020 | ||||
| Current assets | 54,144 | 54,144 | |||
| a | |||||
| Unrestricted | Total Funds | ||||
| Funds | 2019 | ||||
| Current assets | 54,379 | 54,379 |
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