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}
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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.
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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 se￿iCe5. 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.
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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.
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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.
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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
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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.
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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
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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
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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 p￿pared 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.
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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 Suscept￿bility 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.
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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
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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
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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
re￿Ipt 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 ASS￿5
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