Company Registration No Nl 018121 Charity Registration No NIC101599 NIACRO (A Company Limited by Guaranteej FINANCIAL STA TEMENTS YEAR ENDED 31 MARCH 2024
NIACRO LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2024 CONTENTS PAGES Information Page Directors, Report Auditors, Report 10-12 Financial Statements 13-19 Notes to the Financial Statements 20-28
NIACRO LIMITED BY GUARANTEE Reference and Adm inistration Details of the Charity, its Directors and Advisors for the year ended 31 March 2024 Directors Directors during the year ended 31 March 2024, were as follows.. Les Allamby, Chair Majella Mccloskey, Vice Chair and Finance, Audit and Risk Sub-committee Tony Glover, Treasurer, Finance, Audit and Risk Sub-committee Mark Walker, Finance, Audit and Risk Sub-committee Helen Dunn, Finance, Audit and Risk Sub-committee Gillian McNaull - resigned November 2023 Paul Farrell Conor Murray Bob Zeller- appointed in January 2024 and resigned in August 2024 Justin Kouame - appointed in January 2024 Janet Wray- appointed in January 2024 Roisin Muldoon - appointed in January 2024 Company Registration Number Nl 018121 Charity Registration Number NIC101599 Registered Office.. Amelia House, 4 Amelia Street BT2 7GS Recognition by HMRC Number XN 48280 Company Secretary: Fiona Greene Chief Executive Officer". Fiona Greene Independent Auditors.. Miscampbell and Co (6 Annadale Avenue. Belfast BT7 3JHI Bankers= Danske Bank (Donegal Square West, Belfast BTI 6JS) Solicitors: Norman Shannon & Co Solicitors13-5 Union Street, Belfast BTI 2 JF} Pg1
NIACRO LIMITED BY GUARANTEE Directors, Report for year ended 31 March 2024 The Director5 IExecutive Committee) submit their report and the Audited Accounts of the Company for the year ended 3tst March 2024. Below we set out the required standardslDirectors' responsibilities. STATEMENT OF DIREcfoRS' RESPONSIBILITIES Company law requires the Direttor5 to prepare the financial Statements for each financial year, which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the Directors are required to.. select 5Ultable accounting policles and then apply them conslstently,. make judgernents and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, SLtbject to any material departure5 disclosed and explained in the financial 5tatements- prepare the financial ststements on the going concern basis unless It is inappropriate to presume that the company wlll continue in business. The Dirertors are responsible for keeping proper accounting records which disc105e with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006, and the provTsions of the Statement of Recommended Practice ISORPI, applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and the Republic of Ireland IFRS 1021. They are also responsible for safeguarding the assets of the company and hence for taking reasonable Steps ft)r the prevention and detertion of fraud and other irregularities. Principal Artivities The Charittys objerts as stated in it5 documentation are- To alleviate need and disadvantage through the provision of services, assistance, advocacy and representation to care for, resettle and rehabilitate offenders and ex-offenders, alleged offenders, persons who may be at risk of becoming offenders and to care for the victims of crime and the families of such categories of person. To work for the prevention and reduction of crime for the benefit of the public in Northern Ireland. The Dirertors have reviewed the statements made in the application to the Charity Commisslon in relation to the Public Benefit test and confirm its continuing relevance. Organisational Mission statement - The principal artivities of NIACRO are to reduce crime and its impart on people and communities. To deliver its objethves NIACRO has in place a five year Corporate Plan 2024-2029 which has priorities under the following Strategic Areas.. Support for people affected by crime and imprisonment Support for people in communitie5 Support for Children & Young People Influencing Change Effertive ResoLrrcing Below under the heading Objectives, Activitie5, Achievements and Performance5 we detail our achtevements for the year. Strurture, Governance and Management NIACRO wa5 e5tsblished and registered as a charity in 1970, became a Company Limited by Guarantee in 1984 and most recently has been registered with the Nl Charity Commission since October 2015. Appointment of Executive Cornmittee- NIACRO FS governed by its Executive Committee which is elected from the organisation's membership. Annually members are invited to nominate from that group individuals to serve on the Committee by elettion throijgh postsl ballot. Governing documents provide for co-option of up to four Indlviduals If agreed by the Executive Committee. Initial tenure is for three years at which point members Stand down and are Subject to re-election. As a matter of good prattice members rarely selve more than nlne years on the Committee. Pg2
NIACRO LIMITED BY GUARANTEE Executive Committee Induction and Training- New members are provided with an induction programme and materials that brief them as to their roles and responsibilities and their legal obligations under charity and company law. They are advised of the role of the Committee and the consultative and decision-making processes operational in the organisation. They are also advised of the corporate and operational planning cycles as well as the annual pro8ramme of meetings. Strategic documents in relation to governance. sub commit-tees and core procedures and policie5 are also available in an induction pack. All members are encouraged to attend regular briefing events on service5 and key policy considerations and bi-ennially the Executive conducts an externally led review of its performance. Committee members are also required to undertake safeguarding training that covers their safe-guarding responsibilities as trustees, the legal and policy context of safeguarding, regulatory requirements for the or8ani5ation, and the procedures that should place. Organisational Structure- The Executive Committee ensures good governance of the organisation by setting its strategic objectives and policy direction through its Corporate Planning cycle. It monitors progress of the Operational Business Plan quarterly with a focus on adverse variances. The Committee meets 6 times per year. A standing Finance, Audit and Risk Committee IFARCI chaired by the Treasurer supports this and meet5 4 times each year. In addition to the office bearer roles of Chair, Vice-chair and Treasurer, there are Executive Committee Champions for Safeguarding, Volunteering and Succession Planning. The Chief Executive Officer, appointed by the ExecLStive, manages the day-to-day operations of the organisation. To facilitate decision-making and organisational efficiency the CEO has delegated authority in relation to a range of agreed matters. Related partles- NIACRO is an independent organisation and therefore conducts its business on that basis. NIACRO to be effective works closely with its members and external stakeholders to achieve its core obje-tives. NIACRO has in place a range of robust policies including Conflicts of Interests, Whistleblowing, Fraud Prevention and Reportin& Safeguarding and Risk Management. Objective5, Artivities. Achievements and Performance/ Operation Plan review- Continued suspension of the Nl Assembly until18te in the year 2023124 created uncertainty over departmental budgets and priorities and therefore uncertainty over allocation of funding to Niacro and the wider sector. Despite this, we have been able to continue to deliver 27 services. retain existing funding allocation5 and develop new seiCe5. through successful tendering for funding and the continued 5UPPOrt of our core funders. The numbers of people and families accessing our services grew from 5,581 to 7,080 and we supported 31,978 through our Northern Ireland Prison Service INIPSI funded Visitor Centre services. Alongside this, we have significantly raised our profile as a social value delivery partner. exploring how we can support several private sector organisations to bring benefits and positive impact to communities and our service users. Throughout this year Niacro has continued our contribution to improving policy and practice via - consultation responses, delivery of event5 and seminars, strategic engagement with statutory bodies and artive lobbying on future funding streams. We attracted additional funding to commission several pieces of key research. to be completed and launched into 2024125. As our team has delivered our large service portfolio, we have maintained a focus on our people and our Investors in People Gold status through investment in training and development, commitment to staff wellbeing, staff engagement events, and a new accreditation as a Living Wage Employer. Internally we have 3150 invested in a significant Upgrade of our IT System to support our operation5, staff connertivity and certification as a Cyber-Essentials organisation. Pg3
NIACRO LIMITED BY GUARANTEE Overview of Impart Support for people In communltles 57 people and 18 organisations supported by Belong 2, a¢ross 547 1-1 sessions. 97% reported their needs addTe55ed and 84% reported increased capability around the issue. 64 people were supported by APAC ASB, across 1251 support interventSons. At closure. 92%149 peoplel had maintalned their tenancy. 45 people were supported by APAC STEM. across 1791 support interventions. At c105ure, IOO%126 people) had maintained their tenancy. 336 referrals to Aspire Community Engagement. who were supported over 5355 sUPPOrt sessions. Out of 145 people completing the programme. exit assessments Showed that 125 people progressed in relation to at Seast one area of the programme, with 94 progressing tn relation to thelr mental health and wellbein& and 86 towards rnore positive uses of time. 260 referrals to Welfare Advice. with 483 support sessions. 213 people benefited from benefit checks, form filling and maximisin8 income. 73 referrals to Insync, providing 3072 support sessions. 20 people completed the coun5elling course offered throu8h Insync, improving their mental health and wellbeing. 44 are now more linked in with support services and 6roups in their communities, 35 8Ot additional housing pgrnts on their application for housing, and 31 improved their financial circumstance5. 51 people sUPPQrted through Counselling across $40 sessions. with an 76% attendance rate. 344 referrals to Disclosure Advice, supported across 406 support sessions. At closure, 275 Disclosure Advice clients reported positive outcomes including better understanding of the implications of their conviction, rehabilitation periods and how to disclose their convittion. Additionally, 370 professionals were trained on how to support someone to disclose or how to recruit peopl@ with convictions. Pg4
NIACRO LIMITED BY GUARANTEE OvervFew of Impact Support for people afferted by crime and Imprlsonment We conducted 2,070 one-to-one support sessions to first time visitors. people requiring ernotional support. practical support with children or travel, familles needing changes of clothes to meet NIPS Tequirernents. In addition, we received 30,978 visits to Maghaberry, Magilligan and Hydebank Vi51tor Centres. 1,414 referrals to Family Links and 47 to Family Links+, with 1,6S9 Info packs sent to families with 8uidance about the prison experience and where to get support, and 1,950 1-1 support sessions. 423 referrals to FAMM, who vi51t prisons 2 days a week to give advice sessions, 65 bank accounts were opened for those who woulil not have otherwise been able to due to lack of ID or their conviction. 716 SkillSET participants, across 2.844 employability and support session5. Ski11SET supported 126 people into employment. 256 people into education. and 161 were job searching at exit. outcomes are recorded when the participant is closed- 567 people have been closed frorn the programme. 199 people supported on Aspire Mentoiin& across 4472 mentoring sessions. Out of 143 people completing the progiamme. exit assessments show that 109 people progressed in at least one area, with 74 irnproving their living skills & sell-care, and 66 Stabilising their accornmodation. 54 referra15 to Transitions, Supported across 971 mentoring session5. Out of 45 people completing the programme. exit assessments show that 39 people progressed in at least one area, with 27 improving their mental health & wellbein8. and 18 progressing to better mana8ing strong feelings. 99 referials to Connections and 690 support sessions. Out of the 27 women that have cornpleted the programme. progression was noted in the following areas: 27 improved connertions to familvlcornmunities, 22 health, IS housin& 12 parentin& and 9 their finance5. 28 women attended 45 Women's Group meetings, learnin8 various skills and knowledge through the Eroup sessions, including self-care, DIY, crafts. history, and a trip to St james Cornmunity Farm. Pg5
NIACRO LIMITED BY GUAIiANTEE Overview of Impact Support for Children & Young People We have supported 868 Chlldren and Young People, oveT 1,120 relerrals and 11,103 support se55ions including: 70 youn8 people supported by IR across 283 meetings. with 83 issues raised. 47 of these issues were resolved within the quarter. 166 referrals to EISS 8elfasL deliverin8 1134 inteNentions. Assessments show 95 families were supported to improve their family circumstances. ability to manage their child's emotions and behaviour, ènd routine. 200 referrals to EISS Southern, deliverlng 1237 interventions. Assessments show 109 families were supported to improve their family circumstances, ability to manage their child's emotions and behaviour, and routine. 34 young people have been a55igned a volunteer with IV, meeting 339 times, benefiting from a constant supporting relationship. 65 referrals to CAPS. dellvering 1742 support sessions. 100% of familles ¢ompleting1491 showed progress in thelr exlt assessments. 365 referrals to Famlly Support Fl(tb, referred onwards to the most appropiiate setvice for their needs at1121 monthly meetings. 100% of frdrrbilies received an offer of seNice, 90% took up this offer of service. 220 children referred to Family Links, with SO children receiving more intensive support through SCOPE, over 276 one-to-one sessions to cope with the imprisonment of a family member. 5,727 uses of Visitor Centre creche services in Maghaberry, Magilligan and Hydebank. Influenctng Change Consultation Responses 2023124 Domestic and Sexual Abuse Strate8y ConsultationResponse in May 2023 Endorsed the Cliff Edge Coalition Response to Discretionary Support Responded to the Consultation on a Strategic Framework to End Violence Against Women and Girls Foundational Action Planin October 2023 Responed to the Consultation on a Strategic Fiamework to End Violence Against Women and Girls Foundational Artion Plan in Ortober 2023 Review of Specified Offences Consultation In October 2023. Recommendations arising from the Independent Review of Children's Social Care Services in Northern Ireland in November 2023 Work Capability Assessment.. activities & descriptors consultation In November 2023 A response to the Review of st of Specified Offen¢es in October 2023 Response to the Dfc draft proposa15 for future Infrastrurture support of the Voluntsry and Community Sector Nl in February 2024 Doj & Dfc Consultation on proposa15 to amend the legislation to help tsckle Anti-social 8ehaviour IASBI in March 2024 Pg6
NIACRO LIMITED BY GUARANTEE Overview of Impart Influencing Change Consultation Responses 2023124 We have continued to represent the Voluntary and Community Sector on a number of Strategic Groups including: CYP5P- Youth Offending Group. Strategic Framework for Youth Justice Single Community Order Consultation Group Forensic Managed Care Network, Advisory Boord, Health Care in Custody Subgroup & Learning and Development Group NICVA 3rd Sector Joint Forum Meeting Doj Restorative Justice Working Group Restorative Practice Forum NICVA- Inclusive Labour Market Steering Group NIPS Voluntary Settor Forum Highlights acro55 2023/24 included.. Continuing to work with Children's Rights organisations on MACR Input to Ray Jones, Review of Children'5 Services Disclosure Seminar in November 2023 and lunch of new Disc105ure Nl Website and Calculator All Island Seminar with IPRT on Criminal Justice in November 2023 IPRT event March 2024 Hosting ASFO meetings Hosting Homeless Prevention Forum Re-launch of Early Intervention Support Services Annual AGM Effertive Resourcing Staff and Volunteers We continued to meet and implement Year l of our IIP Action Plan- and collected our Gold Award. The Wellbeing Group meet regularly and provides a Weekly 8ulletin to all staff. Work was progressed on re-accreditation for Investing In Children Award and Investing in Volunteering Award. We had 128 members of staff across all activities and departments at the end of Quarter 4 and we have 30 artive volunteer5. Training A comprehensive suite of training was delivered internally and from external source5. Funding Core funding from DOJ remained in place. Year l of The UKSPF was implemented for our Employability Programme in Prisons and the Community. A Full set of Financial Results and Audited Account5 are Set out later in this report. Pg7
NIACRO LIMITED BY GUARANTEE Executive Committee The EKecutive Committee meets six times per year, and Finance Audit and Risk Commlttee meets at least four times per year in line with our Articles of Association. Reports for the Committee included Risk, Health and Safety, Safeguardlng and Internal Audit as well as reports from the Finance, Audit and Risk Committee. Annual return5 are submitted to the Charity Commission for Nl and Companies House. The Annual General Meeting was held on 13th of December 2023. Allocation on spending across the organisation's strategic operational areas Children and Young People £950,929 19% Adults in Pri50n and the Community £2,747,911 55% Families Affected by Imprisonment £1,132,161 22% Fundraising and Governance Totals £184,706 £5,015,707 loo% Plans for Future Periods 2024125 will see NIACRO continue our active engagement in discussions with third-sector colleagues on the future of the UK Shared Prosperity Fund, to ensure sufficient employability resources are available to support the people who need our services. We will also work with Department of justice Colleagues to ensure sufficient resources are available to SUPPOrt resettlement and rehabilitation for service users and families impacted by the criminal justice system. RESULT5 The following is a Summary for the year 2023124. Balance at 01-Apr-23 Surpluslldeficitl 31-Mar-24 Balance at 31-Mar-24 Projects Contingency Fund (Appendix 461 430.596 1.532.552 31.508 48.369 462.104 1.580,921 Project Account Accumulatlon Fund Administration Account 1,963,148 79,877 2.043,025 1,963,148 79,877 2.043,025 Pg8
NIACRO LIMITED BY GUARANTEE Risk management The Executive Committee oversees the regular review of risks. The CEO provides an update of live risks to the Executive in the quarterly reporting framework as well at Committee meetings. An overarching register of key risk5 is maintained, which allocates risk ownership and details the likely impact on NIACRO if risks materialised, as well as mltigating actions in progres5. NIACRO ha5 in place an internal audit service to deliver ongoing independent assurance on the effettiveness of the 5yStem' internal controls, risk management and governance. VAT- We have commissioned a comprehensive review of our VAT status in light of HMRC Brief 1012022 VAT- business and non- business activities. At the date of thi5 report that revlew has been completed and adjusted accordingly in these accounts. Insurance for the Directors of the Company- The Company has purchased insurance to indemnify it's Dlrettors agalnst potential legal actions which they may face while carrying out their duties. Investment Policy- The Executive Committee with the advice from the Finance, Audit and Risk Committee has considered the most appropriate policy of investing funds and has decided on a mixture of accounts; current, deposit and investment account5 in line with ethical considerations. This ensures the requirements to generate a return on investment. The Finance, Audit & Risk Committee review the investment practice quarterly. Reserves Pollcy- The NIACRO Reserves Policy is based on the need to cover current risks and to maintain the delivery of current objectives. An in-year feature has been the need to have liquid cash to fund the process of payment in arrears by funders. The target is to hold £2.2 million of reserves, to include the c05t of redundancies, provision of notice to staff and the wind-up costs associated with programmes. The Executive will approve any use of reserves. The Reserves Policy will be reviewed annually. Exceptionally the policy may require adjustments during the year if there are material changes to the risks NIACRO faces or its business plan. AUDITORS Miscampbell & Co offer themselves for re-appointment in accordance with an elective resolution made under Section 38611) of the Companies Act 2006. BY ORDER OF THE BOARD Fiona reene Secretary Date :_ 30 September 2024 Pg9
NIACRO LIMITED BY GUARANTEE INDEPENDENT AUDITORS REPORTTOTHE MEMBERS ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Oplnlon We have audited the financial staternent5 of NIACRO. for the year ended 31 March 2024 which comprlse of, 3dmini5trdtion account, the statement of financial aciivifies, the balance sheet, the cashflow statement and the related notes, including a summary of 5ignificallt accounting policie5. The financial reporting frarnework that has been applied in their preparation Is applicable law 3nd United Kingdom Accountlng Standards. including Flnanclal Reporting Standard 102 The Financial Reporting Standards appllcable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the flnancial 5tatements'. - give a true and fair view of the state ol the Company's affalrs as at 31 March 2024 and of Its surplus forthe year then ended-, have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prattice,. and - have been ppared In accordance wlth the requirements of the Companies Act 2C4)6. Basls for opinion We conducted our audlt In accordance wlth Internatlonal Standards on Auditlng IUKI IISAS IUKII and appllcable law. Our responsibilitles under those standards are further descrlbed in the Auditors, responsibilities for the èudit of the flnanclal staternents sertion of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statement5 in the United Klngdom. includingthe Financlal Reporting Council'5 Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe thatthe audlt evidence we have obtained is sufficient an(J appropriate to provide a basis for ouropinion. Con¢luslorts relating to Bolng concern In auditingthe financial statements, we have concluded that the directors, use of the golng concern basis of accountlng In the preparation of the financial statements is appropriate. 8ased on the work we have perforrned, we have not identified any material uncertainties relatlng to events or conditions that. Individually or collectively, Tnay cast significant doubt on the Company'5 ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibllitles and the spOnsibl11t1es of the directors with respect to golng concern are described in the levant sections of this report. Other information The other information cornprises the information included in the Annual Report, otherthan the financial statements and our Audltors. report thereon. The directors are responsible for the other inforrnation contained within the Annual Report. Our oplnion on the financial ststernents 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 conclv5ion thereon. Our responsiblllty Is to read the other information and. in doing so, con51der whether the other information Is rnaterially inconsistent with the financia5 statements or our knowledge obtained in the audit or otherbvise appears to be materially misstated. If we identify such rnaterial inconsistencies or apparent materfal mlsstaternents, we are iequired to determine whether this 8lve5 rise to a materlal misstaternent in the financial statementsthemselves. If, based on the work we have performed, we conclude rhat there is a material mlsstaternent of thi5 Other information, we are required to report that faet. We have nothSng to report in this re8ard. Oplnlon on other matter5 prescrlbed bythe Companles Art Z006 In our opinion, based on the work undertaken In the course of the audit.. the informatlon given in the Oirector5' reportforthe finanilal year for whieh the financial statements are prepared is con515tentwith the financial ststements.. and the Dirertor5' report has been prepared in accordance with applicable le8al requlrements. Pg10
NIACRO LIMITED BY GUARANTEE INDEPENDENT AUDITORS REPORT TO THE MEMBERS CONT'D Matters on which we are required to report by exception In the li8ht of the knowledge and understanding of the Company and its environrnent obtained in the course of the audit, we have not Identified materfal misstaternents in thè Directors, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 21x16 requires us to report to you if. in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not vlsited by us,. or the financial statements are not in agreement with the accountln8 records and returns,. or certain disc105ures of directors. remuneration specified by law are not made.. or -we have not received all the information and explanations we qUIre for Dur audit,. or Responstbillties of dlrectors As explained rnore fully in the Directors, responsibilities statèment on page 2, the directors 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 the directors determine 15 necessary to enable the preparation of financial statements that are free from material misst3tement. whether due to fraud or error. In preparin8 the financial statements. the directors are responsible for 35ses5ing the Company's ability to continue as a goln8 concern, disclosin& as applicable. matters related to 8oin8 concern and using the 80in8 concern basis of accountin8 unless the directors either intend to liquidate the Company or to ceasè oper8tions. or have no realistic altemative but to do so. Audltors, responslblllties for the audlt of the financlal Statements Our objectives are to obtain reasonable assurènte about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue an Auditors. 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 IUKI will always detect a rnaterial 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 economie deeisions ol users taken on thè basis of these financial statements. Irre8ularlties, includln8 fraud, are instsnces of non-compliance with laws and 8vIatiOns. We design procedures in line with our responsibilities. outlined above, to detect rnaterial mi55tatements in respect of irregularities. includin8 fraud. However. the primary responsibility forthe prevention and detection of fraud rests with both those charged with governance of the Company and managernent. The extent to which our procedures are capable of detectin8 irregularitle5, includin8 fraud is detailed below.. • obtained an understanding of the lÈgal and régulatory frameworks that are applicable to the Company and deterrnined that the rn05t Significant are those that relate to the reporting framework IFRS 102 and the Companie5 Act 20061 and the relevant tax compliano re8ulation in the United Kingdom," understood how the Comparty is complyingwith those framework5 by rnaking enquiries of managementto understand how the Company maintains and communicates its policies and procedures in these areas- assessed the vulnerability of the Company's financi31 statements to material misstatÈrnent. including how fraud might occur bv considering the risk of rnana8ement override and by assuming revenue recognition to be a fraud ri5k.' and based on thls understanding our audit procedure5 were designed to Identify non-cornpliance with such laws and regulations. We a55e55ed the susceptibillty of the company's fTnanclal statements to materlal mlsstatement, including tsbtairtlng an understanding of how fraud ml8ht occur, by,. Identification of related parties.. Making enquiries of mana8ement regarding where they considered there was Susceptbility to fraud, thelr knowledge ol actual. suspected and alleged fraud- Considering the internal controls in place within the company to mitigate the risk of fraud and non-compliante with laws and re8ulations,' To addre5Sthe risk of fraud. override of controls and non-complianee with laws and re8ulation5. we performed analytical procedures to identify any unusual or unexpected related party relationshTP5. tested journal entries to identity unusual transactions. inve5tl8ated any slgnlficant or unusual transactions and a55essed whether judgement5 and assurnptions rnade in determinin8 the accountlng estimates were su88estive of potential bias. Pg11
NIACRO LIMITED BY GUARANTEE INDEPENDENT AUDITORS REPOIIT TO THE MEMBERS CONT'D A further description of our responsibilities for the audit of the financial 5taternents ts located on the Financial Reporting Council's web51te at.. th¥w.frc.or8.uklauditorsresponsibilities. This description forms part of our Auditors, Report. The purpose of our audit work and to whom we owe our responslbllltles 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 2(K)6. Our audit work has been undertaken so that W8 might stste to the Company's members those matters we are required to state to them in an Audttors, report and for no other purpose. To thè fullest extent permitted by law, we do not accept or assume responsibility to anyone otherthan the Company and the Cornpany's members. as a body. for our audltwork. for this report, or forthe opinions we have forrned. aLP£_ Jonathan R Bethel (Sénior Statutory Audltorl For and on behalf of Miscampbell & Co. Chartered Accountants and Statutory Auditars Date... 8 October 2024 6 Annadale Avenue Bèlfast BT7 3JH Pg12
NIACRO LIMITED BY GUARANTEE ADMINISTRATION ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME Department of Justice 265,738 265,738 Transfer to Deferred Credit {Capital Expenditure) Sundry Income 375 Donations 50 1,323 Membership Fees 40 Service Charges to Project Account5 313,390 327,135 Bank Interest Received TOTAL INCOME C/FWD 579,218 594,576 Pg13
NIACRO LIMITED BY GUARANTEE ADMINISTRATION ACCOUNT CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME- BALANCE B/FWD: 579,218 594,576 DEDUCT EXPENDITURE Staff Costs Travel Expen5e5 Telephone Printin8 /publicity Materials Recruitment Costs Computer Hardware Computer Software Computer Consumables & Maintenance Insurance Miscellaneous Expenses Conferences & Staff Training Membership & Library Fees Professional Fees Auditors Remuneration Ilnternal & Externall Bank Charges Depreciation Charge for the Year Deferred Credit Released as Income 339,683 90 19,100 3,129 35,125 40.330 13,884 32,283 33,129 1,338 14,629 1,038 26,645 16,900 1,915 4,931 14,931} 411,884 795 10,944 7,347 12,443 16,895 18,486 34,860 28,922 972 16,206 4,381 13,620 15,300 1,521 20,058 120,0581 579,218 594,576 SURPLUSI(DEFICIT) OF INCOME OVER EXPENDITURE, FOR THE YEAR CIFWD BALANCE BROUGHT FORWARD FROM PREVIOUS YEAR BALANCE FORWARD AT 31 MARCH 2024 Pg14
NIACRO LIMITED BY GUARANTEE ADMINisfRATION ACCOUNT CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 RECONCILIATION Deferred Credit Released as Income 4,931 20,058 Depreciation Charge for Year 14,9311 120,0581 BALANCE PER INCOME & EXPENDITURE ACCOUNT Pg15
NIACRO LIMITED 8Y GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Fund5 Restrlrted Funds Total 2024 Total 2023 Notes INCOMING RESOURCES Donations Legacies and Similar Incoming Resources Grants from Statutory Agencles Income from Voluntary Agencies Investment Income Donations & Membership 265,738 15,309 265,738 16,329 32,509 90 265,739 61,415 4,450 1,828 1,020 32,509 90 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Activities in Furtherance of the Charity'5 Objectives Charitable Trust5 & Foundations Services Income Grants from Ststutory Agencles 445,223 445,223 281,753 4,053,942 216.457 134,758 4,220,815 281,753 4,053,942 Total Incoming Resources 12 315,372 4,780,212 12 5,095,584 4,905,462 RESOURCES EXPENDED Fundraising Costs Governance Costs 109,273 75,433 109,273 75,433 103,442 62,489 CHARITABLE EXPENDITURE Cost of Activities in Furtherance of the Charity's Objectlves Children and Young People Adults in Prison and the Community Families Affected by Imprisonment 950,929 2,747,911 865,155 950,929 2,747,911 1,132,161 803,841 3,210,673 920,222 267,006 Totsl Resources Expended 267,006 4,748,701 5,015.707 5,100,667 Net Income Ex enditure For Year 48.366 31,511 79,877 1195,2051 Transferfrom Contingency Reserve Fund Balances Brought Forward at 01/04123 1,532,552 430,596 1,963,148 2,158,353 Fund Balance5 Carried Forward at 3ty03124 19 1,580.918 462,107 19 2,043.025 1,963.148 The notes on page5 20 to 28 form a integral part of these financial statements Pg16
NIACRO LIMITED BY GUARANTEE FINANCIAL YEAR ENDED 31 MARCH 2024 CONTINUING OPERATIONS There have been no significant changes in the activities of the company and ongoing activities continued steadily throughout the year. The company will continue to seek to expand those of its activities where definite need is established. TOTAL RECOGNISED GAINS AND LOSSES The Company has no recognised gains or losses other than the deficit or surplus for the two financial years. NOTE OF HISTORICAL COST PROFITS AND LOSSES These accounts are prepared under the historical cost basis. RESTRicfED FUNDS Restricted funds are used for the specific purpose as required by the donor. Expenditure is allocated to such funds as per letters of offer which include an element of support costs. UNRESTRicfED FUNDS Unrestricted funds are available to use at the direction5 of management in furtherance of the objectives of the charity. SUPPORT COSTS Those support costs which cannot be allocated directly to an area of activity have been allocated on the same basis as expenditure incurred in undertaking an activity. The total of costs so far allocated in the year was £35,473. FUNDRAISING COSTS Fundraising costs comprise an allocation of staff and senior management costs plus overheads in connection with generating funding forthe organisation. GOVERNANCE COSTS Governance costs include the cost of audits and production of the annual report together with an allocation of staff and senior management costs plus overhead5. Pg17
NIACRO LIMITED BY GUARANTEE BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 NOTES 2024 2023 FIXED ASSETS Tangible Leased 13 14 772,247 1,897 774.144 809,027 2,845 811,872 CURRENT ASSETS Debtors & Prepayments Bank Deposit Account Cash in Hand 560,773 1,503,586 103 2,064,462 354,880 1,621,790 103 1,976,773 Creditors.. Amounts falling due within one year 1684,2411 1685,1571 NET CURRENT ILIABILITIESI/ASSETS 1,380,221 2,154,365 1,291,616 2,103,488 Creditors.. Amounts falling due after one year 11,ooii 11,9391 PROVISION FOR LIABILITIES AND CHARGES Deferred Credit io 1110,3391 2,043,025 1138,4011 1,963,148 REPRESENTED BY: Projerts Accumulated Fund IAII Projects) 2.043,025 2,043,025 1,963.148 1,963,148 19 The financial statements were approved by the Board of the Executive Committee on 30 September 2024 and signed on its behalf by Tony Gl (Treasurer) Les Allamby (Chairl The notes on pages 20 to 28 form a integral part of these financial statements Pg18
NIACRO LIMITED BY GUARANTEE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 NET CASH INFLOW/(OUTFLOW) FROM OPERATING AcfiviTIES (NOTE 15) 1109,460) 1149,8461 RETURNS ON INVESTMENT AND SERVICING OF FINANCE Interest Received 32,509 4,450 Net Cash Flows from Investments and Servicing of Finance 32,509 4,450 CAPITAL EXPENDITURE AND FINANCIAL INVESTMENT Payments for Fixed Assets Capital Grants Received {40,3151 {30,544) {40,3151 130,544) NEf CASH INFLOW / (OUTFLOW) BEFORE FINANCING {117,266) 1175,940) FINANCING Finance Lease Payments {938) 17,147} 19381 {7,1471 INCREASE / (DECREASE) IN CASH (NOTE 17) 1118,2041 (183,087) The notes on pages 20 to 28 form a integral part of these financial statements Pg19
NIACRO LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2024 NOTE I GENERAL INFORMATION The A55ociation was incorporated on 6 September 1984 as a company limited by guarantee and not having a share capital. The principal activities are the provision of charitable services. particularly to those who have previously offended or are at risk of offending and their families. The company is a private limited Company, by guarantee, incorporated in Northern Ireland. The address of its registered office is Amelia House, 4 Amelia Street BT2 7GS. NIACRO has been registered with the Nl Charity Commission since October 2015. NOTE 2 The service charges on projects are calculated to make an appropriate contribution to the costs of the central services provided to project5. NOTE 3 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. al Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20151- Icharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. NIACRO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unle55 Otherwise stated in the relevant accounting policy notelsl. bl Reconciliation with previous Generally Accepted Accounting Practice In preparin8 the accounts. the directors have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. At the date of transition, no adjustments/restatements were required. NIACRO reported a cash flow decrease of £242,199 IPage191, 2023.. increase of £182,853 and has letters of offer in place on which basis the charity is a going concern. The following accounting policies have been used consistently in dealing with items which are considered material in relation to the Association's account5. lal Income Income is derived mainly from contracts, Service level agreements and grants but includes some public donations. Funds are not recognised until they have been received or when the conditions for their reIpt have been complied with and there is reasonable assurance that the funds are forthcoming. Funds are recognised in the income and expenditure accounts so as to match them with expenditure towards which they are intended to contribute. Fund5 which contribute towards specific expenditure on fixed a55et are transferred to a deferred credit account and released to the projects accounts over the expected useful lives of the assets. Ib) Expenditure Expenditure is dealt with on the accruals ba515. (c) Taxation As a registered charity, the Association 15 not liable to either Income Tax or Corporation Tax. Pg20
NIACRO LIMITED BY GUARANTEE NOTESTO THE ACCOUNTS CONTINUED YEAR ENDED 31 MARCH 2024 Idl Tangible Fixed A55ets and Depreciation Tangible Fixed Assets are stated at C05t less accumulated depreciation. Depreciation is calculated to write off the cost of the Fixed Assets over the period of their useful lives, the principal rates being as follows, Tenant Improvements Fixtures & Fittings Motor Vehicle5 Computer & Office Equipment Leased Motor Vehicles & Equipment Premises at Amelia Street Written off over 12 years Written off over 12 years Written off over 4 years Written off over 3 years Written off over 3 years Written off over 25 years Land is not depreciated lel Stock Stock is valued at the lower of cost and net realisable value. lfj Deferred Tam No Deferred Tax liability is provided for in these accounts because the Association is a Registered Charity and it is not liable to pay any Corporation Tax. {gl Penslon Costs The pension costs charged in the financial statements represent the contribution payable by the company during the year. The regular cost of providing retirement pensions and related benefits pensions and related benefits is charged to the profit and1055 account over the employees, service lives on the ba515 of a constant percentage of earnings. Ihl Leased Assets The cost5 of fixed assets acquired under finance leases are capitalised and depreciation is charged in accordance with the depreciation policy. The capitalised value is calculated at the lower of the future minimum leasing payment discounted where appropriate, and the market price of the asset for outright purchase as reduced by any government capital grant receivable. The capital element of future leasing commitment5 15 included in the accounts as obligations under finance leases and the interest element of leased payments is charged to the income and expenditure account on a straight line basis over the period of the leases. Rentals applicable to operating leases are written off as incurred. {1) Judgements in applying accounting polities and key sources of estimation uncertainty In preparing these financial statements, the dirertors have had to make the following judgements- Determine whether there are indicators of impairment of the company's tangible and intangible asset5. Fattors taken into consideration in reaching such a decision include the economic viability and expetted future financial performance of the asset and where it is a component of a larger cash-generatin8 unit, the viability and expected future performance of that unit. Other key sources of estimation uncertainty. Tangible fixed assets Isee note 131 are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary dependin8 on a number of factors. In reassessing a55et lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issue5 such as future market conditions, the remainin8 life the asset and projected di5P05al value5. Pg21
NIACRO LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS CONTINUED YEAR ENDED 31 MARCH 2024 NOTE 4 DEBTORS & PREPAYMENTS 2024 2023 Accrued Income and Prepayments 560,773 354,880 560,773 354,880 NOTE 5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade Creditors Accruals and Deferred Income Finance Lease Creditor Other Creditors 78,339 493.903 970 111,029 67.695 517.589 970 98,903 684.241 685.157 NOTE 6 CREDITORS: AMOUNTS FALLING DUE AFfER ONE YEAR 2024 2023 Finance Lease Creditor I,ooi i.ooi 1,939 1,939 NOTE 7 EMPLOYEES The average numbers of employees within the Association during the year were: 2024 2023 Administration Project Staff Others li 104 15 130 13 114 io 137 2024 2023 Their total remuneration for the year was.' Wages & Salaries Social Security Costs Pensions 3,234.969 304.322 201,697 3,740,988 3,307,741 320,678 204,982 3,833,401 No remuneration was paid to directors during the year12023 - Nil). Senior Employees Emoluments :_ 2024 2023 £70,001- £80,000 £80.001- £90,000 £90,001- 100,000 Pg22
NIACRO LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS CONTINUED YEAR ENDED 31 MARCH 2024 NOTE 8 PENSION COSTS The company operates a defined contribution pension scheme in respect for employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £201,69712023.' £204,982). NOTE 9 SURPLUS ON ORDINARY AcfiviTIES BEFORE TAXATION IS STATED 2024 2023 After charging.. Depreciation Auditors remuneration - External 78,043 8,400 86,821 8,100 After crediting: Bank interest receivable Deferred credit released as income 32,509 28.062 4,450 43,189 NOTE 10 DEFERRED CREDIT 2024 2023 Balance at l April 2023 Received in year ended 31 March 2024 138,401 181,590 138,401 128,0621 110,339 181,590 143,1891 138,401 Released as income Balance at 31 March 2024 NOTE 11 SHARES The company is limited by guarantee without having a share capital. Pg23
NIACRO LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS CONTINUED YEAR ENDED 31 MARCH 2024 NOTE 12 REVENUE AND CAPITAL GRANTS INCOME DURING YEAR 2024 2023 Belfast City Council Belfast Health & Social Care Trust Charles Hayward Foundation Children in Need Construction Industry Training Board Nl Department for Communities (Advice Nll Department of Justice European Social Fund DOH/HSCNI SPPG DOH Mental Health Fund Garfield Weston Joseph Rowntree Charitable Trust LFT Charitable Trust MEDF Northern Ireland Prison Servite Northern Ireland Housing Executive Nationwide Foundation Pilgrim Trust Probation Board for Northem Ireland Public Health Agency Red Cr055 South Eastern Health & Social Care Trust Southern Health & Social Care Trust St Stephen's Green Trust Swire Charitable Trust The Austin & Hope Pilkington Trust The Housing Executive The National Lottery Voluntary Agencies UK Shared Prosperity Fund Ufi VocTech Trust UK Community Renewal Fund Western Health & Social Care Trust All-lsland FundllPRT 14.400 90,703 6.250 34.690 30.032 88.277 404.829 77,592 25,000 17,515 37,210 72,257 371,836 892,609 229,173 35,637.00 230,024 50,512 50,000 8,907 9.380 22,333 845,603 60.165 9,547.¢)0 796,265 417,022 38,221 6,872 985,123 323,398 6,482 23,732 126,886 989,038 450,626 23,750 129,507 13.106 20.000 4.200 411,233 140,554 13,366 642,853 6,766 20,289 7,240 53.050 150.819 11.331 7,376 12,072 4,781,232 4,764,426 Services Income Membership Fees Donations Investment Income 281.753 40 50 32,509 134.758 1.823 4.450 314,352 141,036 Total 5,095.584 4,905.462 Pg24
NIACRO LIMITED BY GUARANTEE NOTES TO THE ACCOLINT5 CONTINUED NOTE 13 TANGIBLE FIXED ASSETS Computers & Office Headquarters Cornputers & Office E ment Motor Tenant Fixtures & Fittin Land & rovem nt Total Balance at OU04123 Additions Disposals 18,842 13,140 45,748 299,040 40.315 1.632.783 2,W9,553 40,315 Balance at3113124 18,842 13.140 45,748 339,355 1.632.783 1049,868 8alance at 114123 Charge for year Disposals 16,322 2.520 6.8 1.095 19,111 3,812 286,184 21,578 872.019 48.0 1,200,526 77,095 Bèlance at 3113124 18.842 7,985 22.923 307.762 920,109 1,277,621 Net Book Value At 3113124 5,155 22.825 31,593 712.674 772.247 At 3113123 2.520 6.250 26.637 12,856 760.764 809,027 Pg25
NIACRO LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS CONTINUED YEAR ENDED 31 MARCH 2024 NOTE 14 LEASED ASS5 Equipment Total COST Balance at 114123 Additions Disposals Balance at 3113124 35,208 35,208 35,208 35,208 DEPRECIATION Balance at 114123 Charge for Year Disp05als Balance at 3113124 32,363 948 32,363 948 33,311 33,311 NET BOOK VALUE At 31 March 2024 At 31 March 2023 1,897 2,845 1,897 2,845 NOTE 15 RECONCILIATION OF SURPLUSIIDEFICIT) TO CASH FLOWS FROM OPERATING AcfiviTIES 2024 2023 Surplus/lDeficitl Projects 79,877 79.877 128.0621 78,043 1205,8931 19161 {76,9511 132,5091 1195,2051 1195,2051 143,1891 86.821 295,003 77,114 220,544 14,4501 Deferred Credit released Depreciation/Loss on sale Decrease /llncreasel in Debtors Increase/lDecreasel in Creditors Le55 Returns on Investment & Servicing of Finance 1109,4601 216,094 Pg26
NIACRO LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS CONTINUED YEAR ENDED 31 MARCH 2024 NOTE 16 RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET DEBT 2024 2023 Increase/lDecreasel in Cash Finance Lease Creditor Payments 1118,2041 938 1117,2661 1,618,984 1,501,718 182,853 7,147 190,000 1.428,984 1,618,984 NET FUNDS ATSTART OF YEAR NET FUNDS AT END OF YEAR NOTE 17 ANALYSIS OF CHANGES IN {DEBT)/FUNDS Cash Flows 2023 2024 Bank Accounts Cash in Hand 1,621,790 103 1118,2041 1,503,586 103 1,621,893 12,9091 1,618,984 1118.2041 938 1117,2661 1,503,689 11,9711 1,501,718 Finance Lease Creditor NOTE 18 LEASE PURCHASE ASSETS £Nil12023'. £Nill of lease purchase assets was acquired in the year. The cost of fixed assets financed by lease purchase agreements is £35,208 12023.. £35,208). The net book value of those assets is £1,89712023.' £2,845). The depreciation charge for the year in relation to these assets was £948 12023= £9481. Pg27
NIACRO UMITED BY GUARANTEE NOTES TO THE ACCOUNTS CONTINUED YEAR ENDED 31 MARCH 2024 NOTE 19 ANALYSIS OF NET ASSETS BEfwEEN FUNDS Restrltted Unrestricted Funds Funds 2024 Restricted Funds Unrestrlcted Funds 2023 Fixed Assets Current Assets Current Llabilities Long Term Llabllitles Reserves 774,144 1.097.055 1178,9411 1111,3401 1.580,918 774.144 2,064,462 1684.2411 IlJl,3401 2,043,025 811,872 976,348 1115,3281 1140,3401 1,532,S£2 811.872 1.976,773 1685,1571 1140,3401 1.963,148 967,407 1505,3001 1.000,425 1569,8291 462,107 430.596 Pg28