COMPANY REGISTRATION NUMBER: N1047208 CHARITY REGISTRATION NUMBER: 101423 Nest Group Counselling (Ireland) Limited Company Limited by Guarantee Unaudited Financial Statements 31 December 2023 Nest Group Counselling (Ireland) Limited Company Limitsd by Guarantee Financial Statsment8 Year ondod 31 Decembor 2023 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account> Statement of financial position Notes to the financial statements Nest Group Counselling (Ireland) Limited Company Limited by Guarant88 Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 December 2023 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 2023. Reference and admlnlstratlve detalls Regl8t•red charlty name Nest Group Counselling {Irelandl Limlted Charlty reglstratlon number 101423 Company reg18tratlon number N1047208 Prlnclpal offlce and regl8tar8d 2 Beaver Crescent offlce Maghera County Londonderry BT46 5RG Unlted Klngdom The truste88 Mr G O'connell Ms S Mcwilliams Company secretary Mr Gerard O'connell Independent examlner Thomas Harkln FCCA Structure, governance and management Nest Group Counselling (Ireland) Llmited 18 a company IlmSted by gu8rantee and a charity governed by Its memorandum and artlcles of assoclation. The company has been accepted as 8 charity by the Charlty Commlssion for Northern Ireland. The directors of the charitable company are its trustees for the purposes of charity law and throughout this report 8re collectively referred to as the trustee5. 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-electlon. Objectlves and actlvltle8 The objects for which the company is established are as follows.. to support and Pfomote 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 objective5 and planning the actlvities 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 Limitod by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢ontlnued) Year ended 31 Docambar 2023 Achlevements and performance The trustees Gon8ider that the company has had a satisfactory year. Flnanclal r•vlew The result5 for the year, and the charity's financial posltlon at the year end are shown In the attached financial statements. Plan8 for future perlod8 The trustees intend to contlnue the work of the charity in the comlng year. Small company provl8lon8 Thls report has been prepared in 8ccordance wlth the provisions applicable to companies entitled to the small companles exemptlon, The truslees, annual report was approved on 23 September 2024 and signed on behalf of the board of trustees by: Mr Gerard O'connell Charlty Secretary Nest Group Counselling (Ireland) Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Nest Group Counselling (Ireland) Limited Year ended 31 December 2023 I report to the trustee8 on my examination of the flnancial statements of Nest Group Counselling (Ireland) Limited {'the charity,) for the year ended 31 December 2023. Responslbllltle8 and basls of report As the trustees of the company (and also its dlrectors for the purposes of company law) you are responsible for the preparation of the financial st8tements In accordance with the requirements of Charltles Act {Northern Ireland) 2008 (the '2008 Act'l and the Companies Act 2006 ('the 2006 Act'}. You are satisfled 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 examin8tion. Having satisfied myself that the accounts of the company are not requlred to be audited under Part 16 of th8 2008 Act and are eligible for independent examinatlon, 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 examinatlon I have followed the general Directions glven by the Charity Commission for Northern Ireland under sectlon 65{9)(b) of the 2008 Act. Indepondent examlner'8 8tatement I have completed my examination. I confirm that no matters h8ve come to my attentlon in connection wlth my examination glvlng me cause to believe that in any material respect: accounting records were not kept In respect of the charity as required by Section 386 of the 2006 Act" or the financial statements do not accord with those records., or the financlal statements do not comply with the accounting requirements of sectlon 396 of the 2006 Act other than any requirement that the accounts give a 'true and fall view which is not a Matter considered as part of an independent examination., or the flnanclal statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reportlng by charities applicable to charities preparlng their accounts in accordance with the Financi81 Reportlng Standard 8pplicable in the UK and Republic of Ireland IFRS 102). Nest Group Counselling (Ireland) Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Nest Group Counselling (Ireland) Limited (contlnued) Year ended 31 December 2023 I confirm that there ar6 no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Thomas H8rkin FCCA Independent Examlner Patrick Durkan & Co Chartered Certified Accountants Office 8 Sprin9rowth House Ballinlska Road Derry BT48 OGG 23 September 2024 Nest Group Counselling (Ireland) Limited Company Limited by Guarantee ststement of Financial Activitios (including income and expenditure account) Year ended 31 December 2023 2023 Unrestricted funds Total funds Total funds 2022 Note Income and endowments Investment income 399 399 47 Total Income 399 399 47 Expendlture Expenditure on charitable activities Other expenditure Total expendlture 2,590 25 2,815 Net Incomel(expendlturg} and net movement In fund8 399 399 12,568) Reconclllatlon of fund8 Total funds brought forward Total fund8 carrlad fonvard 51,655 52,054 51,656 52,054 54,223 51,655 The statement of financial activities includes all galns and108ses recognlsed in the year, All Income and expendlture derive from continuing activities, The notes on pages 7 to 11 form part of these financial statements. Nest Group Counselling (Ireland) Limited Company Limitsd by Guarantee statsment of Financial Position 31 Decomber 2023 2023 2022 Notg Current assets Cash at bank and in hand 52,054 51,655 51,655 51,655 Net current a888ts 52,054 52,054 Total assets less current Ilabllltles Funds of the charlty Unr65tricted funds 52,054 52,054 51,655 51,655 Total charlty funds 11 For the year endlng 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Dlrectors, responslbllltles., The members have not requlred the company to obtaln an audit of Its financlal st8tements for the year In question In accordance wlth section 476., The dlrectors acknowledg8 thelr r8sponsibillties for complylng with the requirements of the Act wlth respect to accounting records and the preparation of financial statements. These fSnanclal statements have been prepared in accordance wlth the prov181on8 appllcable to companies subject to the small companies, regime, These flnanclal statements were approved by the board of truste88 and authorised for Issue on 23 September 2024, and are slgned on behalf of the board by.. Mr G O'connell Trustee The notes on pages 7 to 11 form part of these flnanclal statemonts. Nest Group Counselling (Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements Yoar onded 31 December 2023 General Information The charlty is a public benefit entity and a private company limited by guarantee, registered in and a registered charlty in Northern Ireland. The address of the registered office is 2 Beaver Crescent, Maghera, County Londonderry, BT46 5RG, United Kingdom. Statement of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republlc of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 1021 (Charities SORP (FRS 102)) and the Companies Act 2006. Accountlng pollcles Bas18 of preparatlon The financial statements have been prepared on the hlstorical cost basis, as modified by the revaluation of certain financi81 assets and liabilitle8 and investment propertles measured at fair value through income or expenditure. The flnancial statements are prepared in sterllng, whlch Is the functional currency of the entity. Golng Goncern There are no mater181 uncertalntles about the ch8rlty'8 ability to continue. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestrlcted funds earmarked by the trustees for partlcular future project or commltment. Restrlcted funds are subjected to restrlctlons on th8ir 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. Nest Group Counselling (Ireland) Limited Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 Decembor 2023 AGGountlng pollcla8 {¢ontlnugd) Incomlng r880urca8 All incomlng 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 will flow to the charity and the amount can be reliably measured. The followlng speclflc pollcles are applled to Particular categories of income: income from donations or grants is recognised when there Is 8vldence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognlsed when recelpt Is probable and entltlgment is established. Income from donated goods is me8sured 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 valLJe can be reliably measured. No amounts are included for the contribution of general volunteers. Income from contracts for the supply of services is recognised with the dellvery 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 whlch case It may be regarded as restricted. Resource8 expended Expenditure is recognised on an accruals basis as a Ilability is Incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financlal activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking actlvltles that further Its cnarltable 8lms for the beneftt of Its beneflclarles, Includlng those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure Includes all expendlture that Is nelther related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expendlture categorles reflectlng the use of the resource. Dlrect costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned be￿een the activities they contribute to on a reasonable, justifiable and consistent basis. Flnanclal Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the ontractual 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 Ststements (conllnued) Year ended 31 December 2023 Accountlng pollcie8 (contlnued) Flnanclal Snstruments fcontlnu•dJ 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 otherwis& 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 financlal Instruments, including derlvatives, are initially recognlsed 8t fair value, unless payment for an asset Is deferred beyond normal business terms or financed at a r8te of interest that is not a market rate, In which case the asset is measured 8t the present value of the future payments discounted at a market rate of interest for a similar debt instrument. other financlal Instruments are subsequently measured at falr value, with any change8 recognlsed In the statement of financlel activlties, wlth the exception of hedging in3truments in designated hedging relationship. Flnancial assets that are measured 8t cost or amortlsed cost are reviewed for oblectlve evldence of impairment at the end of each reportlng date. If there is objective evidence of impairment, an Impalrment loss Is recognlsed 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 fln8nci818ssets are either assessed indlvldually or grouped on the basis of slmilar credit risk characteristics. Any reversals of impalrment 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. Llmlted 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 £1. Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 FLJnds 2022 Bank interest receivable 399 399 47 47 Nest Group Counselling (Ireland) Limited Company Limited by Guarantee Notes to the Financial Ststements (continued) Year onded 31 Docember 2023 Expendlturo on charltablo actlvltlas by fund typo Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Counselllng services 2,590 2,590 Expendlturo on charltoble actlvlt108 by actlvlty type Total funds 2023 Total fund 2022 Counselllng servlces 2,590 Other expendlture Unrestrlcted Total Fund8 Unrestrlcted Total FLJnds Funds 2023 Funds 2022 Bank charges 25 25 Staff co$t8 The average head count of employees durlng the year was Nil (2022.. NII). No employee received employee benefits of more than £60,000 during the year (2022: Nil). 10. Tru8tee remuneratlon and expen8e8 No remuneration or other beneflts from employment wlth the charity or a related entity were received by the trustees. No trustee expenses have been incurred, 10- Nest Group Counselling (Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2023 11. Analy81s of charltable funds Unrestrlctgd funds At 1 January 202 At 31 December 2023 Income Expenditure General funds 51,655 399 52,054 At 1 Janusry 202 At 31 December 2022 Income Expenditure General funds 54,223 47 (2,615) 51,655 12. Analy818 of net a88ets between fund8 Unrestrlcted Total Funds Funds 2023 Current assets 62,054 52,054 Unrestricted Total Funds Funds 2022 Current assets 56,555 56,555