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2024-03-31-accounts

Company Registration Number: NI034750 Charity Number: NIC101573

Community Advice Craigavon Limited

(A company limited by guarantee, not having a share capital)

Annual Report and Audited Financial Statements

for the financial year ended 31 March 2024

Daly Park & Company Ltd Chartered Accountants and Registered Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland

Community Advice Craigavon Limited (A company limited by guarantee, not having a share capital) CONTENTS

Page
Trustees' and Other Information 3
Trustees' Annual Report 4 - 6
Statement of Trustees' Responsibilities 7
Independent Auditor's Report 8-10
Statement of Financial Activities 11
Balance Sheet 12
Statement of Cash Flows 13
Notes to the Financial Statements 14 - 18

2

Community Advice Craigavon Limited (A company limited by guarantee, not having a share capital) TRUSTEES' AND OTHER INFORMATION

Trustees Martin Brian Stevenson Kieran Gerard McGeough Hazel Ruth Craig Maria McVeigh (Resigned 20 December 2023) Nicola Lorraine Cinnamond Adrian James McParland Company Secretary Maria McVeigh (Resigned 20 December 2023) Charity Number in Northern Ireland NIC101573 Company Registration Number NI034750 Registered Office and Principal Address Portadown Health & Care Centre Tavanagh Avenue Portadown Craigavon BT62 3BU Northern Ireland Accountants Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Principal Bankers Danske Bank 45-48 High Street Portadown Co. Armagh BT62 1LB Northern Ireland

3

Community Advice Craigavon Limited (A company limited by guarantee, not having a share capital) TRUSTEES' ANNUAL REPORT

for the financial year ended 31 March 2024

The trustees present their Trustees' Annual Report, combining the Directors' Report and Trustees' Report, and the audited financial statements for the financial year ended 31 March 2024.

The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Trustees' Report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees.

In this report the trustees of Community Advice Craigavon Limited present a summary of its purpose, governance, activities, achievements and finances for the financial financial year 31 March 2024.

The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements.

Principal Activity

To provide advice, information and advocacy to help people with problems they face and campaign to improve the policies and practices that affect peoples lives. Our service is free, confidential, independent and impartial. It is committed to justice and equality and opposed to discrimination and its effects.

Mission, Objectives and Strategy

Mission Statement

To benefit the community of Craigavon, Portadown and Lurgan areas by the advancement of education, the prevention or relief of poverty, the advancement of health and the relief of those in need by reason of youth, age, ill-health, disability, financial hardship or other disadvantage.

We provide advice, information and advocacy to help people with problems they face and we campaign to improve policies and practices that affect peoples’ lives. Our service is free, confidential, independent and impartial. We are committed to justice and equality and opposed to discrimination and its effects.

In addition to this, the charity continues to campaign to improve the practices and policies which affect people's lives.

Structure, Governance and Management

Structure

Community Advice Craigavon Limited is a company limited by guarantee governed by its Memorandum and Articles of Association. The company was recognised as a charity by the Charity Commission of Northern Ireland under the registration number NIC101573 in February 2015.

In the event of the charity being wound up, the liability in the respect of the guarantee is limited to £1 per member of the charity. The company is under the control of the directors who are, therefore, acting trustees for the charity.

Review of Activities, Achievements and Performance

During the past year we have continued to work closely with our colleagues at Community Advice Armagh to develop the best model for delivery of advice services across the Armagh, Banbridge and Craigavon council area. Following the closure of Community Advice Banbridge in February 2023, we worked collaboratively to ensure that residents living in the Banbridge area continued to have access to an advice service. In July 2023 we opened a new office in Banbridge Old Town Hall and introduced a new single telephone number and website covering the Armagh Banbridge & Craigavon area. This was a further step towards the transformation of advice services in the Armagh, Banbridge & Craigavon area and brought us closer to a full amalgamation, which was completed in December 2024.

Our achievements and performance throughout this period are captured through our progress reports and through our Annual Report. 2023/24 has been another very busy year for the organisation with our focus remaining on supporting the community through high quality holistic advice and advocacy.

During the past year we dealt with more than 28,000 issues, including welfare benefits advice and appeals casework, housing law, employment rights, consumer protection, immigration, money and debt advice casework, community care and family and relationship matters. These cases generated for clients more than £4,000,000 in additional income, backdated payments on appeal and discretionary waivers. Our debt team managed just under £2,500,000

4

Community Advice Craigavon Limited (A company limited by guarantee, not having a share capital) TRUSTEES' ANNUAL REPORT

for the financial year ended 31 March 2024 debt. This reflects how important our service is in the relief of poverty, sickness and stress.

We have continued to develop important partnership and collaborative working relationships which have helped us make a difference to many individuals both in short-term and the longer-term. This includes our longstanding partnership work with Macmillan Cancer Support, which allows us to run a dedicated advice project for people experiencing cancer with a presence in the Mandeville unit at Craigavon hospital, our ABC wide debt service helping people experiencing the financial pressure brought on by debt, our work with the Southern Health & Social Care Trust which enables us to deliver a dedicated 'in-reach' advice clinic at the Bluestone Unit at Craigavon hospital where advisers can help mentally unwell inpatients and provide follow up support upon discharge and our continued relationship with the national charity Citizens Advice which allows us to offer a means for clients to access specialist pension guidance from Pension-wise face to face in our local offices. It also includes our local partnerships with crisis support organisation, food pantries, foodbanks & others within the local community and voluntary sector, to help us reach the most vulnerable people in our community and develop effective wrap around support networks. Our annual report sets out the stories of people who have needed our support and feedback about how our service has made a difference to their lives.

Our service is:

Our staff team, volunteers and Board members represent the ethos and values of our organisation and are committed to responding to the needs presenting every day at our doors. Embedded in the fabric of Community Advice is their dedication to making lives better.

Financial Review

The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements. The organisation generated a surplus of £33k in the current financial year.

Reserves Policy

The charity’s policy is to achieve a level of resources which matches the needs of the organisation both at the current time and in the foreseeable future. It is the reserves policy of the organisation that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to between three and six months expenditure. The Trustees feel that these levels of reserves are essential to enable the Charity to continue to provide its activities for the foreseeable future. The Reserves Policy is an integral part of the charity's planning, budget and forecasts.

Financial Results

At the end of the financial year the company has assets of £253,312 (2023 - £231,111) and liabilities of £6,385 (2023 - £17,821). The net assets of the company have increased by £33,637.

Reference and Administrative details

Appointment of acting Trustees / Directors

As described in the Articles of Association a new director may be eligible for appointment if 21 days before the annual general meeting, written notice is deposited with the registered office of the intended proposal, signed by a member and signed by the person being proposed, so as to indicate his / her willingness to be elected.

Trustee Induction and Training

New trustees are briefed on their legal obligation under charity and company law, the content of the Memorandum and Articles of Association, the Board and decision making processes and recent financial performance of the charity. Trustees are encouraged to view the Charities Commission website so as to gain a full understanding of trustee roles and responsibilities.

Public benefit statement

The Trustees believe that each of our purposes satisfy both elements of the public benefit requirement. Purpose One – the advancement of education The direct benefits which flow from this purpose include: Training of Volunteers from the area of benefit. Education of people from the area of benefit as to their rights in relation to those areas of NI legislation which directly affects them. People from the area of benefit will not suffer through a lack of knowledge or an inability to express themselves. These benefits will be evidenced through: The number of volunteers trained each year Feedback from clients who use our services This purpose does not give rise to any harm. Purpose Two – the protection and preservation of health The direct benefits which flow from this purpose include: Claiming welfare benefits for those who have a physical or mental disability. Maximising the income of all clients who are in need.

5

Community Advice Craigavon Limited (A company Ilmltèd by guarantea. not havlng a sharg capital) TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 Reduclng the levels of stress and anxiety of those In the area of benefit. Providlng qualtty advice to those In111 health. Providing a slgnposling service to specialist organisations for those needlng them. Providlng quality advice to all thosa in the area of benefit who are in distress due to the impact of Nl legislation. These benefits will be evidenced by- Amount of yearfy benefit maximisation recorded by Craigavon Dlstrfct Citizens Advice Bureau. The numbers of people from lh8 8rea of benefit using our service. Feadback from the poople In the area of benefit. This purpo$6 does not give rise to any hami. Purpose Three- the relief of povorty. sickness and distress The direct benefits which flow from this purpose includ8-. Maximlslng the income of all clients who are in need due to poverty sickness and distress. Reducing the levels of stress and anxiety of those in the area of benefit. Providing quality advlce on managing debt and claiming Welfa￿ benefits, tax relief and other practlcal support to those in povety, ill heallh and dlstress. Helping clients overcome fuel and food poverty. Provldlng a signposting Serv1￿ to specialist organisations for those needing them. Providirsg quallty advic8 and advoGacy to all those in the a￿a of benefft who are in distress due to the impact of Nl legislatlon. These benefits will be evidenced by.. the amount of yearly income generated for clients recorded by Craigavon District Citizens Advice Bureau. The amount of debt managed for clients recorded by the bureau. The number of clients In the area of benefit using the serviGe. F&8dback from the Clients who use of service and other stakeholders. This purpose does not give rise to any ha￿. The beneficiaries of these purposes are those people residing in tha Craigavon District Area and across Northem Ireland. A private banefit to Twstees may arise as a rosult of ongoing training in Good Governance, Finanoe. and HR. Through this training Trustees gain skills and experience which a￿ transferrable to other settings. These benefits are Incldentsl and necessary lo ensure the benefit Is provided to our beneficiaries. A prtvate benefit to Indiwdual volunteers may arise as a result of their basic Iralnlng. Volunteers gain skllls and experience which ar& transferable to other settlngs. These benefits 8re incldental and necessary lo ensure the benefit is provided to our benaficiaries. Trustees The trustees who served Ihroughout the financial year, excgpt a$ noted, were as follows.. Martin Brian Slevenson Kieran Gerard McGeough Hazel Ruth Craig Maria Mcveigh (Reslgned 20 December 2023) Nicola Lorraine Cinnamond Addan James M¢Parfand In accordance with the Constitullon, th8 trustees ratire by rotation and. being ellgible, offer themselvos for re4laction. The secretary who served during the fln8ncial year was: Maria Mcveigh (Resigned 20 December 2023) Compllance wlth Se¢tor-Wlde Lgglslatlon and Standards The company engages provaclively with legis18tion. Standards and codes which are devoloped for th8 sector. Community Advice Craigavon Limited subscribes lo and 15 compliant wrth the following: The Companigs Act 2006 The Charities SORP IFRS 102) Approved by the Board of Trustee6 on 13 March 2025 and slgnad on Its behalf by: Nicola Lorralng Clnnamond Trustee Kleran Gerard McGo0 Trustee

Community Advice Craigavon Limited (A Company Ilm5tad by guaranteo. not havlng a ¥haTe ¢apItsII STATEMENT OF TRUSTEES. RESPONSIBILITIES for the flnanclal year ended 31 March 2024 The trustees, who are also directors of Communlty Advlce Craigavon Limited for the purposes of company law. are responslble for preparfng th8 financlal statements in accordance with appllGabl6 law and r8gulations. Company18w requires the trustges as th8 directors to prepare financlal statements for each finan¢lal year. Under that law tho trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Ac¢ounting Standards and applicable lawl Including FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company law the trustees must not approve the financlal slatements unless they are satisfied that they glve a true and fair view of the state of affairs of the company and of the net Income or expendlture of the company for that period. In preparing Ihese financial statements. the ITUStees are required to- select suitable accounting policies and apply them consistently: make judgemenls and estimates that are reasonable and prudent: state whether the financial slalemenls have been prepared in accordance with the relevant financial reporting framework. Sdentify those standards, and note the effect and the reasons for any material departure from those standards: and Prepa￿ the financial staloments on th6 going concem basis unless it is inapproprfate to presume that the company wlll contlnue in operation. The trustees confimi that they have complied with the above requirements In preparing the finan¢lal statements. The Irust8es are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taklng reasonable steps for the prevention and detedion of fraud and other irregularities. Approvad by th8 Board of Trustogs on 13 March 2025 and slgnod on its behalf by: Nicola Lorralne Clnnamond Trustee Kieran Gora Trustee McGe

INDEPENDENT AUDITOR'S REPORT to the Members of Community Advice Craigavon Limited

(A company limited by guarantee, not having a share capital)

Report on the audit of the financial statements

Opinion

We have audited the company financial statements of Community Advice Craigavon Limited ('the company') for the financial year ended 31 March 2024 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including the summary of significant accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102.

In our opinion, when reporting in accordance with a fair presentation framework the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

8

INDEPENDENT AUDITOR'S REPORT to the Members of Community Advice Craigavon Limited

(A company limited by guarantee, not having a share capital)

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Annual Report.

We have nothing to report in respect of the following matters where the Charities Act (Northern Ireland) 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees for the financial statements

As explained more fully in the Statement of Trustees' Responsibilities set out on page 7, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Further information regarding the scope of our responsibilities as auditor

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

9

INDEPENDENT AUDITOR'S REPORT to the Members of Community Advice Craigavon Limited IA eompany limited by guarantee, not havlrtg a share capital) We communicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. The purpose of our audit work and to whom we owe our responsibilities This report is made solely to the company's members, as a body. In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state lo the companls members those matters we are required lo slate lo them in an auditor's report and for no other purpose. To the fullest extent pemiitled by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for o r audit work, for this report. or for the opinions we have formed. Ruairi Maginn {Seni for and on behalf DALY PARK & CO Chartered Accoun 4 Carnegie Street Lurga Co. Armagh BT66 6AS Northem Ireland tatutory Audltor) NY LTD and Registered Auditors 13 March 2025 10

Community Advice Craigavon Limited (A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating an Income and Expenditure Account)

for the financial year ended 31 March 2024

Unrestricted
Funds
2024
Notes
£
Incoming Resources
Voluntary Income
4.1
300,377
Investments
4.2
43
Total incoming resources
300,420
Resources Expended
Charitable activities
5.1
282,221
Net incoming/outgoing
resources before transfers
18,199
Gross transfers between
funds
47,104
Net movement in funds for
the financial year
65,303
Reconciliation of funds:
Total funds beginning of the
year
15
181,624
Total funds at the end of
the year
246,927		 Restricted
Funds
2024
£
295,835
-
295,835
280,397
15,438
(47,104)
(31,666)
31,666
-		 Total
Funds
2024
£
596,212
43
596,255
562,618
33,637
-
33,637
213,290
246,927		 Unrestricted
Funds
2023
£
229,021
9
229,030
212,780
16,250
(6,543)
9,707
171,917
181,624		 Restricted
Funds
2023
£
205,904
-
205,904
212,447
(6,543)
6,543
-
31,666
31,666		 Total
Funds
2023
£
434,925
9
434,934
425,227
9,707
-
9,707
203,583
213,290

The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.

The notes on pages 14 to 18 form part of the financial statements

11

Community Advice Craigavon Limited IA company Ilmtted by guarant•o. not havlng • sharè ¢apltall Company Number: N1034750 BALANCE SHEET as at 31 MarGh 2024 2024 2023 Notgs Flxed Assgts Tangible assets 10 8,269 5.957 Current Assets Debtors Cash at bank and in hand 11 12 87,018 158,025 53,829 171,325 245,043 225,154 Credltors: Amounts falllng du• within one year 13 (6,385) {17.821) Net Curnnt Assets 238.658 207.333 Total Assets less Current Llabllltles 246.927 213.290 Funds Restricted funds General fund lunrestricledl 31.666 181.624 246,927 Total funds 15 246,927 213,290 These financlal statements have been prepared in accordance wlth the special provlslons relatlng to small companies wilhln Part 15 of the Companies Act 2006. For the financial year ended 31 March 2024 the cornpany was entilled to exemption from audit und8r seclion 477 of thg Companies Act 2006,. and no notice ha$ been deposited under section 476. The trustees confirm that the members have not required the company to obtain an audit of its financlal statements for the financial year in question in accordance with saction 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements whl¢h give a true and falr vlew of the state of affairs of the company as at the end of the financial year and ol Its profil and loss for the financlal year in accordance with the requirements of section$ 394 and 395 and which otherwise ¢omply with the requirements of lh8 Companies Act 2006 relatlng to financial statements, so far as applicable to the Gompany. Approved by th• Board of Trustees and authorisod for Issue on 13 March 2025 and slgn8d on Its behalf by Icola Lorralne Clnnamond Trustee Kioran Ggra Trustee MCG gh The not•8 on pages 14 to 18 fonn part of the finandal stalgmènts 12

Community Advice Craigavon Limited STATEMENT OF CASH FLOWS

for the financial year ended 31 March 2024

Notes
Cash flows from operating activities
Net movement in funds
Adjustments for:
Depreciation
Interest receivable and similar income
Movements in working capital:
Movement in debtors
Movement in creditors
Cash (used in)/generated from operations
Cash flows from investing activities
Interest received
Payments to acquire tangible assets
Net cash used in investment activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
12		 2024
£
33,637
4,895
(43)
38,489
(33,189)
(11,436)
(6,136)
43
(7,207)
(7,164)
(13,300)
171,325
158,025		 2023
£
9,707
4,015
(9)
13,713
8,456
(11,281)
10,888
9
(4,388)
(4,379)
6,509
164,816
171,325

13

Community Advice Craigavon Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2024

1. GENERAL INFORMATION

Community Advice Craigavon Limited is a company limited by guarantee incorporated in Northern Ireland. The registered office of the company is Portadown Health & Care Centre, Tavanagh Avenue, Portadown, Craigavon, BT62 3BU, Northern Ireland which is also the principal place of business of the company The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

Basis of preparation

The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102".

As permitted by the Companies Act 2006, the company has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102".

Incoming Resources

Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis.

Resources Expended

All resources expended are accounted for on an accruals basis. Charitable activities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non-staff costs not attributed to one category of activity are allocated or apportioned pro-rata to the staffing of the relevant service. Finance, HR, IT and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with constitutional and statutory requirements.

Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

14

continued

Community Advice Craigavon Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2024

Debtors

Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from government agencies and other co-funders, but not yet received at year end, is included in debtors.

Cash at bank and in hand

Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.

Taxation

No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred.

The company is a charitable company with all surpluses used for charitable purposes. For this reason exemption from corporation tax has been received from HM Revenue & Customs.

3. SIGNIFICANT ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that reflect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances.

4.
INCOME
4.1
DONATIONS AND LEGACIES
Unrestricted
Funds
£
ABC Council
239,830
SH & SCT
36,697
ABC Financial Inclusion
-
Welfare Reform Support
11,500
Macmillan Cancer Support
-
Department for Communities
-
CA Training & CANI
-
Advice NI
8,000
Pensionwise
4,350
Spring Clean Your Finances
-
300,377
4.2
INVESTMENTS
Unrestricted
Funds
£
Bank Interest
43
5.
EXPENDITURE
5.1
CHARITABLE ACTIVITIES
Direct
Other
Costs
Costs
£
£
Charitable Activities
-
465,476		 Restricted
Funds
£
49,557
-
-
98,820
79,294
-
-
61,071
-
7,093
295,835
Restricted
Funds
£
-
Support
Costs
£
97,142		 2024
£
289,387
36,697
-
110,320
79,294
-
-
69,071
4,350
7,093
596,212
2024
£
43
2024
£
562,618		 2023
£
189,456
20,253
16,052
92,754
44,569
1,500
5,812
64,529
-
-
434,925
2023
£
9
2023
£
425,227

15

continued

Community Advice Craigavon Limited

(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2024

5.2
SUPPORT COSTS
Legal & Professional Costs
Premises & Office Costs
Other Costs
Accountancy
Finance Costs
6.
ANALYSIS OF SUPPORT COSTS
Legal & Professional Costs
Premises & Office Costs
Other Costs
Accountancy
Finance Costs
7.
NET INCOMING RESOURCES
Net Incoming Resources are stated after charging/(crediting):
Depreciation of tangible assets
8.
INVESTMENT AND OTHER INCOME
Bank interest		 Charitable
Activities
£
10,267
82,223
3,752
900
-
97,142		 2024
£
10,267
82,223
3,752
900
-
97,142
2024
£
10,267
82,223
3,752
900
-
97,142
2024
£
4,895
2024
£
43		 2023
£
11,964
62,052
3,066
1,047
91
78,220
2023
£
11,964
62,052
3,066
1,047
91
78,220
2023
£
4,015
2023
£
9

9. EMPLOYEES AND REMUNERATION

Number of employees

The average number of persons employed (including executive trustees) during the financial year was as follows:

Employee
The staff costs comprise:
Wages and salaries
Social security costs
Pension costs		 2024
Number
15
2024
£
422,042
29,139
9,400
460,581		 2023
Number
13
2023
£
314,379
20,358
8,255
342,992

16

continued

Community Advice Craigavon Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2024

10. TANGIBLE FIXED ASSETS


Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the financial year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
11.
DEBTORS
Prepayments and accrued income
12.
CASH AND CASH EQUIVALENTS
Cash and bank balances
Cash equivalents
13.
CREDITORS
Amounts falling due within one year
Taxation and social security costs
Accruals and deferred income
14.
RESERVES
At the beginning of the year
Surplus for the financial year
At the end of the year		 Fixtures,
fittings and
equipment
£
101,957
7,207
109,164
96,000
4,895
100,895
8,269
5,957
2024
£
87,018
2024
£
155,064
2,961
158,025
2024
£
4,146
2,239
6,385
2024
£
213,290
33,637
246,927		 Total
£
101,957
7,207
109,164
96,000
4,895
100,895
8,269
5,957
2023
£
53,829
2023
£
168,407
2,918
171,325
2023
£
16,921
900
17,821
2023
£
203,583
9,707
213,290

17

continued

Community Advice Craigavon Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2024

15.
FUNDS
15.1
RECONCILIATION OF MOVEMENT IN FUNDS
At 1 April 2022
Movement during the financial year
At 31 March 2023
Movement during the financial year
At 31 March 2024
15.2
ANALYSIS OF MOVEMENTS ON FUNDS
Balance
1 April
2023
£
Macmillan Cancer Support
-
Welfare Reform Support
31,666
Advice NI
-
ABC Council (Rents in Lieu)
-
ABC Transformation Funds
-
Spring Clean Your Finances
-
ABC Finance & Debt
Management
-
31,666
Unrestricted funds
General Funds
181,624
Total funds
213,290		 Unrestricted
Funds
£
171,917
9,707
181,624
65,303
246,927
Income Expenditure
£
£
79,294
55,338
98,820
110,320
61,071
61,533
12,980
12,980
31,000
31,086
7,093
5,063
5,577
4,077
295,835
280,397
300,420
282,221
596,255
562,618		 Restricted
Funds
£
31,666
-
31,666
(31,666)
-
Transfers
between
funds
£
(23,956)
(20,166)
462
-
86
(2,030)
(1,500)
(47,104)
47,104
-		 Total
Funds
£
203,583
9,707
213,290
33,637
246,927
Balance
31 March
2024
£
-
-
-
-
-
-
-
-
246,927
246,927

16. STATUS

The company is limited by guarantee not having a share capital.

The liability of the members is limited.

Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1.

17. INDEPENDENT AUDITOR'S REMUNERATION

The independent auditor’s remuneration amounts to an independent audit fee of £2,400. In 2023, Daly Park & Company Ltd carried out an independent examination of the charity's financial statements and charged a fee of £900 in relation to this. An amount of £75 was also paid to Daly Park & Company Ltd for the completion and filing of the charity's Confirmation statement with Companies House during the current financial year.

18. TRUSTEE REMUNERATION

The trustees did not receive nor did they waive any remuneration during the current financial year. (2023 - £nil).

A company, in which one of the trustees is materially interested in as both a directors and shareholder, provided professional services in relation to payroll bureau services to the charity during the current financial year and was paid £1,440 (2023 - £1,920).

18