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← Niacro

2025-03-31-accounts

Company Registration No NI 018121 Charity Registration No NIC101599

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NIACRO

(A Company Limited by Guarantee)

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

NIACRO

(LIMITED BY GUARANTEE)

YEAR ENDED 31 MARCH 2025

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|||||||| |---|---|---|---|---|---|---| |CONTENTS|PAGES| |Information|Page|1| |Directors'|Report|2-9| |Auditors'|Report|10-12| |Financial|Statements|13-19| |Notes|to the|Financial|Statements|20|-|28|

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NIACRO

(LIMITED BY GUARANTEE)

Reference and Administration Details of the Charity, its Directors and Advisors for the year ended 31 March 2025

Directors

Directors during the year ended 31 March 2025, were as follows:

Les Allamby, Chair Majella McCloskey, Vice Chair and Finance and Audit Sub-Committee Tony Glover, Treasurer, Finance and Audit Sub-Committee Mark Walker, Finance and Audit Sub-Committee Helen Dunn, Finance and Audit Sub-Committee 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 Claire Martin - appointed November 2024

Company Registration Number NI 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 3JH)

Bankers: Danske Bank (Donegal Square West, Belfast BT1 6JS)

Solicitors: Norman Shannon & Co Solicitors (3-5 Union Street, Belfast BT1 2 JF)

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Directors’ Report for year ended 31 March 2025

The Directors (Executive Committee) submit their report and the Audited Accounts of the Company for the year ended 31st March 2025. Below we set out the required standards/Directors’ responsibilities.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

Company law requires the Directors 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:

The Directors are responsible for keeping proper accounting records which disclose 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 provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102). They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Principal Activities

The Charity’s objects as stated in its documentation are:

Il. To work for the prevention and reduction of crime for the benefit of the public in Northern Ireland.

The Directors have reviewed the statements made in the application to the Charity Commission in relation to the Public Benefit test and confirm its continuing relevance.

Organisational Mission statement - The principal activities of NIACRO are to reduce crime and its impact on people and communities. To deliver its objectives NIACRO has in place a five year Corporate Plan 2024-2029 which has priorities under the following 5 Strategic Areas: . Crime reduction through support . Safer and inclusive communities . _ Reduction of young people entering the criminal justice system . Insight driven change . Aneffective and efficient organisation

Below under the heading Objectives, Activities, Achievements and Performances we detail our achievements for the year.

Structure, Governance and Management

NIACRO was established and registered as a charity in 1970, became a Company Limited by Guarantee in 1984 and most recently has been registered with the NI Charity Commission since October 2015.

Appointment of Executive Committee - NIACRO is 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 election through postal ballot. Governing documents provide for co-option of up to four individuals 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 practice members rarely serve more than nine 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 programme of meetings. Strategic documents in relation to governance, sub committees and core procedures and policies are also available in an induction pack. All members are encouraged to attend regular briefing events on services 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 organisation, 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 Strategic 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 (FARC) chaired by the Treasurer supports this and meets 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 Committee, 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 parties - 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 Reporting, Safeguarding and Risk Management.

Overview of Impact - During 2024/25 the total numbers of people and families accessing our services grew from 7,080 to 7,710 and we supported 50,183 visits through our Northern Ireland Prison Service (NIPS) funded Visitor Centres Services. This continued demand on services, coupled with an ever-challenging financial context across the third sector saw the senior leadership team focus on securing funding for existing services e.g. a successful Visitor Centre tender, as well as exploring opportunities to grow in areas in response to the people who use our services. During the final quarter of the 2024/25 financial year a further successful funding application to the UK Shared Prosperity Fund was made for the third and final year of the fund, and we worked closely with NICVA and other suppliers to the fund to ensure future continuity of our vital employability programme SkilISET.

Throughout this year Niacro continued to work on improving policy and practice through a comprehensive body of consultation responses, delivery and input to events and seminars, strategic engagement with statutory bodies and fora, as well as proactive influencing on future funding streams.

In September 2024 the Justice Minister published a draft Justice Bill, including reform of the Rehabilitation of Offenders Order 1978. We welcomed the draft bill and prepared a detailed written submission for the purposes of giving evidence to the Committee for Justice. Our submission included a call for the introduction of an amendment to raise the minimum age of criminal responsibility in Northern Ireland, because at 10 years old it is too young and remains out with international child rights recommendations. As the team delivered the large service portfolio of 27 programmes we maintained a focus on our people and our Investors in People Gold status through investment in training and development, commitment to staff wellbeing and staff engagement events. During the year we completed our IT upgrade project to support our operations, staff connectivity and certification as a Cyber-Essentials organisation and introduced a new secure telephone and communication system which maximises our new platforms and is helping staff say better connected to service users and each other.

During the 2024/25 as well as delivering the extensive range of services to families, children and people with a criminal record the Niacro team continued to take innovative strides to collaborate and drive improvements in organisational quality including: ¢Becoming a Living Wage Employer e Developing and delivering CPD Training programmes eLaunching our long-term social value partnership with CGI The Niacro team remained focussed on delivery, engagement and collaboration as well as supporting each other to live out the Niacro values every day.

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Overview of Impact

Crime Reduction Through Support

We will support people affected by crime and imprisonment by through the provision of bespoke, co-produced and trauma-informed services bespoke co-produced and trauma-informed services to build confidence aiding successful resettlement. 4,264 people received tailored, trauma-informed supports in 2024/25 as follows: . 249 young men (aged 16-30) were supported through Aspire Community Engagement to build resilience and reduce risk of paramilitary or criminal involvement. : 167 young men (aged 16-30) under Probation supervision were supported through Aspire Mentoring, helping those most at risk of paramilitary or criminal involvement build resilience and healthier coping strategies. . 112 women were supported to navigate and move beyond the criminal justice system through the Connections service. . 1,079 families of people in prison received emotional and practical support through Family Links. ' 49 people in Hydebank Wood College and Women’s Prison received Family Links+ support, helping those with limited or no family contact strengthen relationships and cope with challenges. ‘ 482 people received debt and money management support through FAMM, helping individuals and families impacted by imprisonment or community sentences. ' 745 people engaged with SkilISET’s employability support and training, leading to 185 people securing employment. . 74 people received mentoring from Transitions, a service for adults facing significant and complex challenges after release from custody. : 50,183 visits to Visitor Centres, including 9,458 children visits, at Northern Ireland’s three prisons, delivering hospitality, childcare, information and welcome services. Safer and Inclusive Communities We will work in partnership and support those with lived experience of the criminal justice system, and others affected by crime, to achieve and . 166 people were supported through APAC ASB & STEM to prevent homelessness linked to anti-social behaviour or intimidation. : 1,190 people received services from Base 2 with crisis intervention, support, and mediation for those at risk of violence or exclusion. . 106 people were supported through Belongz2, providing tailored support and cultural competence training for foreign nationals and minority ethnic groups in the justice system. ' 34 people received 156 Counselling sessions delivered in partnership with Ascert. : 413 people received Disclosure Advice on sharing conviction information with employers, colleges, and other institutions. : 578 people who have been victims of paramilitary-style violence were supported with mentoring and counselling through the Insync service. : 212 people received specialist Welfare Advice tailored to those in contact with the criminal justice system.

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Overview of Impact

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||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Reduction|of Young|People|Entering|the|Criminal|Justice System| |We|will|help|prevent|children|and young|people|entering the|criminal justice system|by delivering early|intervention services|as well|as working|to| |influence|the|development|of diversionary|approaches.| |847|children|and|young|people|were|supported|in|2024/25|as|follows:| |‘|73|families|with|children|(aged|8-13)|facing|significant|difficulties|received|intensive support through|CAPS (Southern|HSC| |Trust).:|a families in Belfast and 197 families|in the Southern HSC Trust were supported through|EISS, providing early help before| |statutory|intervention.| |‘|173|children|impacted|by imprisonment were|supported|through|Family|Links|Children.| |.|327 families|accessed|early|intervention|support|via the|Family Support|Hub|(Craigavon|&|Banbridge).| |:|Weekly visits|to young|people|in Lakewood Secure|Care|Centre took place,|to|provide advocacy and|support through|the| |Independent|Representation|(IR)|Scheme.| |.|41 young|people|in|care|were|befriended|and|supported|by volunteers|through|the|Independent|Visitors Scheme.| |Insight|Driven|Change| |We|will|effect|meaningful|change|through|service|user-based|research,|influencing,|and|awareness.| |1.|Strategic|Influencing|&|Sector|Leadership| |'|Youth|Justice:|CYPSP|Youth|Offending|Sub-Group;|Strategic|Framework|for Youth Justice.| |:|Restorative|Practice:|Restorative|Practice|Forum|(Co-Chair),|and|Do!|Restorative|Justice Working|Group.| |:|Justice System|Reform: ASFO|Chair,|Single Community Order|Consultation|Group,|DoJ/DfC ASB|Expert Group,|and|Northern| |Ireland|Prison|Service|VCSE|Forum.| |.|Cross-Sector Collaboration:|NICVA Joint|Forum;|NICVA Economic|Inactivity Group;|Belfast VCSE Advisory Panel;|and|Dept|of| |Health|Workstream|9 on|Family|Support;|Co-Chair|of the|Homeless|Prevention|Forum.| |.|Consultation|submissions|included:| |-Response|to|DoJ|Call|for Views on|Victims|and|Witness|Strategy|2025-30| |-Response|to|Dept for|Communities|Equality Assessment|Consultation|on|Anti-Social|Behaviour|Housing|Proposals| |-Response|to|Dept|for|Communities|consultation|on|Fuel|Poverty Strategy| |-Response|to|YJA|draft|Corporate|Plan| |-Response|to|Dept|of|Health|consultation|re|passporting|to|help|with|health|costs|under|Universal|Credit| |-Contribution|to|external|review|of the|SPAR|Evolution|approach| |-NICVA workshop|in|relation|to VCSE sectoral|response|to Dept|for|Education|proposal|to|increase|age for|Participation|in| |education|and|training from|16|to|18,|bringing|our service|user experience| |-Submission|for|Public Accounts|Committee|on|Inquiry|into|Re-Offending developed|and|forwarded|in|preparation|for| |hearing|on|10|April|2025|in|conjunction|with|Extern| |-Submission|for|Justice|Committee|on Justice|Bill was|developed|in|preparation for committee|meeting|8 May 2025.|

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Overview of Impact

2. Research & Evidence-Based Advocacy 2. Research & Evidence-Based Advocacy
‘ Restorative Justice Project in partnership with Victim Support NI.
: Finalised reports on:
-
Ethnic Minority Experiences in the Criminal Justice System.
-
Financial Impact of Imprisonment on Families.
: Supported academic research via Family Links and Visitor Centres, including a PhDstudy on prisonervisitation.
. Provided inputto DoJ research on cross-departmental approaches to reducingoffending, helpingshape future strategy and
Programme forGovernment delivery.
3.Effective Public Engagement
. Publishing ournew Strategy 2024-2029 and Annual Impact Report.
' Celebrating 20 years ofCAPS at our2024AGM, with video and presentations.
: Delivering a submission tothe PublicAccounts Committee Inquiry into Reducing Adult
‘ Hosting and participating in events:
-Prisoner engagement event with the Justice Minister.
-ASFO network meeting at Maghaberry Visitor Centre.
-NIPS VCSE Forum hosted at Niacro.
-All-Island Women in Justice panel hosted by NI Prison Service.
-NICVA/Labour Market Presentation in SkilISET partnerships.
-Legal Aid Panel atthe Long Gallery hosted by Law Society.
' Delivering presentations and workshops on:
-The experience of Ethnic minority children in the Criminal Justice System
-Single Community Order legislation (with CLC, Include Youth, VOYPIC).
-HomelessPreventionForum

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Overview of Impact

An Effective and Efficient Organisation

We will remain resilientand agile, usingourresources efficientlyand effectivelyto deliver quality, innovative and valueformoneyservice
Our people
:
Events Planning Group meetings took place to supportwith delivery ofstaff
development day in May 2025 including staff recognition awards.
:
Training Plan developed and delivered by internal TrainingWorkingGroup. Ourtrainingspans awiderange ofpolicy
and strategic delivery areas, includinggovernance, safeguarding, mental health and wellbeing, data and IT, and health and
safety.
.
2Volunteer recognition events took place.
:
There were 127 members ofstaffand 30volunteers atthe end ofthe 2024/25 year.
Quality Standards and Compliance
.
Additional appointed person forSafeguarding Adults in place
:
Wecontinued tomeetand implementYear3 ofour IIPAction Plan asweworkedtowards re-accreditation inJuly
2025.
:
Weachieved accreditation as a fairemployer underthe Belfast Business Promise (Belfast City Council).
.
Workwas progressed on re-accreditation ofInvesting in Volunteering and Investing in Children awards.
Business Development
:
Funding application for Family Links completed
:
Funding application for NIPS SKilISET
:
Funding application forCore Grant Completed
.
Funding Application for UKSPFforSkilISETcompleted
.
Successful tender forVisitor Centre service
The Centre forDevelopment provided thefollowing qualifications:
.
Accessing BenefitsSupporting Peoplewith Benefit Issues DuringCustodyand On Release, CPDtraining
.
Recruiting People with Convictions in Northern Ireland, Disclosure training, CPD training
.
SupportingWomen Through and Beyond the CJS, SFJ award.
.
DebtandPrison,CPDTraining

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Funding

A Full set of Financial Results and Audited Accounts are set out later in this report, including a full list of our funders. Allocation of funding across the organisation’s strategic areas:

Children and Young People Children and Young People £1 030 182
Adults in Prison and the Communit £3 044 418
Families Affected by Imprisonment £1 273 473
Fundraising and Governance £ 197 613
RESULTS
The following is a summary forthe year 2024/25.
Balance at Surplus/(deficit) Balance at
01-Apr-24 31-Mar-25 31-Mar-25
£ £ £
Projects 462,104 (5,488) 456,616
Contingency Fund (Appendix 46) 1,580,921 24,865 1,605,785
ProjectAccount Accumulation Fund 2,043,025 19,377 2,062,401
AdministrationAccount - zi -
2,043,025 19,377 2,062,401

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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 Finance, Audit and Risk Committee in the quarterly reporting framework and this is then summarised at Committee meetings. An overarching register of key risks is maintained, which allocates risk ownership and details the likely impact on NIACRO if risks materialised, as well as mitigating actions inprogress. NIACRO has in place an internal audit service to deliver ongoing independent assurance on the effectiveness of the system internal controls, risk management and governance.

VAT- A comprehensive review of our VAT status in light of HMRC Brief 10/2022 VAT— business and non-business activities - has been completed and recommendations have been implemented.

Insurance for the Directors of the Company — The Company has purchased insurance to indemnify it’s Directors against 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 accounts 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 Policy- 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 £2.4 million of reserves, to include the cost 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 386(1) of the Companies Act 2006.

BY(2 OFTHE BOARD

Fiona Greene Secretary

Date :- 17 October 2025

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INDEPENDENT AUDITORS REPORT TO THE MEMBERS

ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

Opinion

We have audited the financial statements of NIACRO, for the year ended 31 March 2025 which comprise of, administration account, the statementoffinancial activities, the balance sheet, the cashflow statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standards applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

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|||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |In|our|opinion|the|financial|statements:| |- give|a|true|and|fair view|of the|state|of the|Company's|affairs|as|at 31|March|2025|and|of|its|surplus|for the|year then|ended;| |-|have|been|properly|prepared|in|accordance|with|United|Kingdom|Generally Accepted|Accounting|Practice;|and| |-|have|been|prepared|in|accordance|with|the|requirements|of the|Companies|Act|2006.|

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

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the Annual Report, other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: - the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Directors' report has been prepared in accordance with applicable legal requirements.

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INDEPENDENT AUDITORS REPORT TO THE MEMBERS CONT'D

Matters on which we are required to report by exception In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 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 visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or Responsibilities of directors As explained more fully in the Directors' responsibilities statement 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 is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Auditors' responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the Company and management. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||obtained|an understanding|of the|legal and|regulatory frameworks that|are applicable|to the Company and|determined|that the|most| |significant are those that relate to the|reporting framework|(FRS 102 and the Companies Act 2006)|and the|relevant tax compliance| |regulation|in|the|United|Kingdom;| |¢|understood how the Company|is complying with those frameworks|by making enquiries of management to understand|how the Company| |maintains|and communicates|its|policies|and|procedures|in|these|areas;| ||assessed|the vulnerability of the Company’s|financial|statements to|material|misstatement,|including how fraud|might occur|by| |considering the|risk|of management|override|and|by assuming|revenue|recognition|to|be|a fraud|risk;|and| |*|based|on this|understanding our audit procedures were|designed|to|identify|non-compliance with such|laws and|regulations.| |We|assessed|the|susceptibility|of the company’s financial statements|to|material|misstatement,|including obtaining|an|understanding|of| |how|fraud|might|occur,|by;|

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e Identification of related parties; ¢ Making enquiries of management regarding where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; * Considering the internal controls in place within the company to mitigate the risk of fraud and non-compliance with laws and regulations; * To address the risk of fraud, override of controls and non-compliance with laws and regulations, we performed analytical procedures to identify any unusual or unexpected related party relationships, tested journal entries to identity unusual transactions, investigated any significant or unusual transactions and assessed whether judgements and assumptions made in determining the accounting estimates were suggestive of potential bias.

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INDEPENDENT AUDITORS REPORT TO THE MEMBERS CONT'D

A further description of our responsibilities for the audit of the financial statements Is located on the Financial Reporting Council's website at: www.fre.org.uk/auditorsresponsibilities. This description forms part of our Auditors’ Report. ,

The purpose of our audit work and to wham we owe our responsibilities This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them In an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibillty to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan R Bethel (Senior Statutory Auditor) 6 Annadale Avenue For and on behalf of Miscampbell & Co. Belfast Chartered Accountants and BT7 3JH Statutory Auditors Date:-17 October 2025

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ADMINISTRATION ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

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|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£| |INCOME| |Department ofJustice|265,738|265,738| |Transfer to|Deferred|Credit|(Capital|Expenditure)|-|-| |Sundry|Income|1,193|-| |Donations|159|50| |Membership|Fees|20|40| |Service|Charges|to|Project Accounts|371,246|313,390| |Bank|Interest|Received|5|-| |TOTAL INCOME C/FWD|638,362|579,218|

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ADMINISTRATION ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
£ £ ££ £
INCOME - BALANCE B/FWD: 638,362 579,218
DEDUCT EXPENDITURE
Staff Costs 333,177 339,683
Travel Expenses 873 90
Telephone 20,551 19,100
Printing/Publicity Materials 17,890 3,129
Recruitment Costs 7,491 35,125
Computer Hardware 43,514 40,330
Computer Software 16,446 13,884
ComputerConsumables & Maintenance 65,568 32,283
Insurance 35,705 33,129
Miscellaneous Expenses 1,754 1,338
Conferences & StaffTraining 30,433 14,629
Membership & Library Fees 2,022 1,038
Professional Fees 43,489 26,645
Auditors Remuneration (Internal & External) 17,400 16,900
BankCharges 2,048 1,915
Depreciation Charge forthe Year 1,399 4,931
Deferred Credit Released as Income
SURPLUS/(DEFICIT) OF INCOME OVER		 (1,399)
——s«&&		 38,362 — (4,931) 579,218
EXPENDITURE, FORTHEYEAR C/FWD - 2
BALANCE BROUGHT FORWARD FROM
PREVIOUS YEAR - -
BALANCEFORWARDAT31MARCH2025 - -

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STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Restricted Total Total
Funds Funds Notes 2025 2024
£ £
INCOMING RESOURCES
Donations Legacies and Similar
Incoming Resources
Grants from StatutoryAgencies
Incomefrom Voluntary Agencies
Investment Income
Donations
& Membership		 -
-
34,545
48,060		 265,738
;
-
-		 265,738
-
34,545
48,060		 265,738
16,329
32,509
90
INCOMING RESOURCES FROM
CHARITABLE ACTIVITIES
Activities in Furtherance ofthe
Charity's Objectives
Charitable Trusts& Foundations
ServicesIncome
Grantsfrom StatutoryAgencies		 -
281,450
-		 392,191
-
4,543,078		 392,191
281,450
4,543,078		 445,223
281,753
4,053,942
Total Incoming Resources 12 364,055 5,201,007 12 5,565,062 5,095,584
RESOURCES EXPENDED
Fundraising Costs
Governance Costs		 -
-		 118,174
79,439		 118,174
79,439		 109,273
75,433
CHARITABLE EXPENDITURE
Cost of Activities in Furtherance of
the Charity's Objectives
Children andYoung People
Adults in Prison andtheCommunity
Families Affected byImprisonment		 -
8,462
341,705		 1,030,182
3,035,956
931,768		 1,030,182
3,044,418
1,273,473		 950,929
2,747,911
1,132,161
Total Resources Expended 350,167 5,195,519 5,545,686 5,015,707
NetIncome/(Expenditure) ForYear 13,888 5,488 19,376 79,877
Transfer from Contingency Reserve > - - -
Fund Balances Brought Forward at01/04/24 1,580,918 462,107 2,043,025 1,963,148
FundBalancesCarriedForwardat31/03/25 19 1,594,806 467,595 19 2,062,401 2,043,025

The notes on pages 20 to 28 form a integral part of these financial statements

Pg 16

,

NIACRO

(LIMITED BY GUARANTEE)

ADMINISTRATION ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
£ £
RECONCILIATION
Deferred Credit Released as Income 4,931 4,931
Depreciation Charge forYear (4,931) (4,931)
BALANCEPERINCOME&EXPENDITUREACCOUNT - =

Pg 15

NIACRO (LIMITED BY GUARANTEE)

.

FINANCIAL YEAR ENDED 31 MARCH 2025

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.

RESTRICTED 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.

UNRESTRICTED FUNDS

Unrestricted funds are available to use at the directions 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 £120,320.

FUNDRAISING COSTS

Fundraising costs comprise an allocation of staff and senior management costs plus overheads in connection with generating funding for the 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 overheads.

Pg 17

NIACRO (LIMITED BY GUARANTEE)

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
NOTES 2025 2024
£ £ £ £
FIXED ASSETS
Tangible 13 772,121 772,247
Leased 14 949 1,897
773,070 774,144
CURRENT ASSETS
Debtors & Prepayments 4 771,981 560,773
Bank Deposit Account 1,283,640 1,503,586
Cash in Hand 103 103
2,055,724 2,064,462
Creditors: Amounts falling due within one year 5 (677,760) (684,241)
NET CURRENT (LIABILITIES)/ASSETS 1,377,964 1,380,221
2,151,034 2,154,365
Creditors: Amounts falling due after one year 6 - (1,001)
PROVISION FOR LIABILITIES AND CHARGES
Deferred Credit 10 (88,633) (110,339)
2,062,401 ~ [2,043,025]
REPRESENTED BY:
Projects Accumulated Fund (All Projects) 2,062,401 2,043,025
19 2,062,401 2,043,025
The financial statements were approved by the Board of the Executive Committee on 17 October 2025
and signed on its behalf by
----- End of picture text -----

Tony Glover (Yreasurer) Les Allamby (Chair)

The notes on pages 20 to 28 form a integral part of these financial statements

Pg 18

NIACRO (LIMITED BY GUARANTEE)

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£|£ £| |NET CASH|INFLOW/(OUTFLOW)|FROM|OPERATING| |ACTIVITIES (NOTE|15)|(149,757)|(109,460)| |RETURNS|ON|INVESTMENT AND|SERVICING|OF| |FINANCE| |Interest|Received|34,545|32,509| |Net|Cash|Flows|from|Investments|and|Servicing| |of Finance|34,545|32,509| |CAPITAL|EXPENDITURE|AND|FINANCIAL| |INVESTMENT| |Payments|for|Fixed|Assets|(103,675)|(40,315)| |Capital|Grants|Received|<|7| |(103,675)|(40,315)| |NETFINANCINGCASH|INFLOW/ (OUTFLOW) BEFORE|(218,887)|(117,266)| |FINANCING| |Finance|Lease|Payments|(1,059)|(938)| |(1,059)|(938)| |INCREASE / (DECREASE)|IN CASH (NOTE|16)|(219,946)|(118,204)|

----- End of picture text -----

The notes on pages 20 to 28 form a integral part of these financial statements

Pg 19

NIACRO (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS

YEAR ENDED 31 MARCH 2025

NOTE 1 GENERAL INFORMATION

The Association 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 NI 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 projects.

NOTE 3 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation ofthe financial statements are as follows: a) 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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 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 unless otherwise stated in the relevant accounting policy note(s). b) Reconciliation with previous Generally Accepted Accounting Practice In preparing 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 £219,946 (Page19), 2024:- decrease of £118,204 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 accounts.

(a) 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 receipt 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. Funds which contribute towards specific expenditure on fixed asset are transferred to a deferred credit account and released to the projects accounts over the expected useful lives of the assets.

(b) Expenditure

Expenditure is dealt with on the accruals basis.

(c) Taxation Tax.As a registered charity, the Association is not liable to either Income Tax or Corporation

Pg 20

NIACRO (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS (CONTINUED) YEAR ENDED 31 MARCH 2025

(d) Tangible Fixed Assets and Depreciation

Tangible Fixed Assets are stated at cost 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,

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Tenant|Improvements|Written|off over|12|years| |Fixtures &|Fittings|Written|off over|12|years| |Motor Vehicles|Written|off over|4 years| |Computer &|Office|Equipment|Written|off over|3|years| |Leased|Motor Vehicles|&|Equipment|Written|off over|3|years| |Premises|at Amelia|Street|Written|off over|25|years|

----- End of picture text -----

Land is not depreciated

(e) Stock

Stock is valued at the lower of cost and net realisable value.

(f) Deferred Tax

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.

(g) Pension 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 and loss account over the employees' service lives on the basis of a constant percentage of earnings.

(h) Leased Assets

The costs 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 commitments is included in the accounts as obligations under finance leases and the interest element of leased payments is charged to the income and expenditure account ona straight line basis over the period of the leases. Rentals applicable to operating leases are written off as incurred.

(i) Judgements in applying accounting policies and key sources of estimation uncertainty In preparing these financial statements, the directors have had to make the following judgements: - Determine whether there are indicators of impairment of the company's tangible and intangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

Other key sources of estimation uncertainty.

Pg 21

«<—RO
NAITEDBY		 «<—RO
NAITEDBY		 ANTEE
BYGUASE
«<OUNTS CONTINUED
i
=
ESTOTHE
RCH 2025
7aENDED31
E
YEAR ENDED 31 aPS/BARCH2025
NOTE4 —w ORS &PREPAYMENTS
an
Accs" a
sedIncomeandPrepayments
c		 2025
£
771,981		 2024
£
560,773
NOTE5 CREE>gORS: AMOUNTSFALLINGDUEWITHINONEYEAR 771,981
we
OL		 560,773
se
PO
Creditors
=
radzafsandDeferred Income
iis r=ce Lease Creditor
ne = Creditors		 2025
£
242,275
315,915
912
118,659		 2024
£
78,339
493,903
970
111,029
NOTE 6 CRED gg ORS: AMOUNTSFALLINGDUEAFTERONEYEAR 677,760
ee
OU		 684,241
ee
all ee
Lease Creditor
.
e
Finan		 2025
——___eer
£		 2024
ee
£
-
a, 1,001
L001
N oTE7 ES
=EMPLOWE
he aw-eraéenumbersofemployeeswithinthe Associationduringtheyearwere:-
The
=
i
ing stration
Tegel staff
r
others		 2025
0
1
101
16
127
=		 2024
11
104
15
730
=—_—
;
.
tal remuneration forthe yearwas:-
Tenah Salaries
waee security Costs
ee
ira
Pamsto
emcsneration waspaid to directorsduring theyear (2023 -
Nor		 2025
ad co
£
3,487,557
305,627
211,251
4,004,435
=———————
Nil).		 2024
~~
£
3,234,969
304,322
201,697
3,740,988
=——_.
‘ae Eanployees Emoluments -
Sen
£70,001 - £80,000 2025
co		 2024
eal
£80,001 -£90,000 - -
£90,001 - 100,000 1 1
=
-
Pg22

NIACRO (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS (CONTINUED)

YEAR ENDED 31 MARCH 2025

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 £211,251 (2024: £201,697).

NOTE 9 SURPLUS ON ORDINARY ACTIVITIES BEFORE TAXATION IS STATED

2025 2024
After charging: £ £
Depreciation 104,749 78,043
Auditors remuneration - External 10,200 8,400
After crediting:
Bank interest receivable 34,545 32,509
Deferredcreditreleasedasincome 21,706 28,062

NOTE 10 DEFERRED CREDIT

2025 2024
£ £
Balance at 1 April 2024 110,339 138,401
Received in year ended 31 March 2024 - -
110,339 138,401
Released as income (21,706) (28,062)
Balanceat31March2025 88,633 110,339

NOTE 11 SHARES

The company is limited by guarantee without having a share capital.

Pg 23

NIACRO (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED)

YEAR ENDED 31 MARCH 2025

NOTE 12 REVENUE AND CAPITAL GRANTS INCOME DURING YEAR

2025 2024
£ £
All Island Fund in partnership with IPRT 3,350 -
Belfast City Council - 14,400
Belfast Health & Social Care Trust 82,742 90,703
Charles Hayward Foundation - 6,250
Children in Need - 34,690
Construction Industry Training Board NI 34,902 30,032
Department for Communities (Advice NI) 86,846 88,277
Department ofJustice 418,904 404,829
Dept of Health (SPPG) 242,898 230,024
Dept of Health Mental Health/The Community Foundation 12,926 50,512
Garfield Weston - 50,000
Glasspool CharityTrust 49,332 -
Joseph Rowntree Charitable Trust - 8,907
LFT Charitable Trust 7,851 9,380
MEDF 26,858 22,333
Nationwide Foundation 11,420 38,221
Northern Ireland Prison Service 905,181 845,603
Probation Board for Northern Ireland 1,022,503 989,038
Public Health Agency 532,703 450,626
Red Cross 1,000 -
South Eastern Health & Social Care Trust 21,113 23,750
Southern Health & Social Care Trust 150,775 129,507
St Stephen's Green Trust 14,015 13,106
Swire Charitable Trust - 20,000
The Austin & Hope Pilkington Trust 800 4,200
The Gallaher Trust 44,627 -
The Housing Executive 443,479 411,233
The National Lottery - People & Communites 144,836 108,709
The National Lottery - Dormant Accounts Funds NI 28,254 31,845
UK Shared Prosperity Fund 901,109 642,853
Voluntary Agencies = 13,366
VocTech Trust - 6,766
Western Health & Social Care Trust 12,583 12,072
5,201,006 4,781,232
Services Income 281,450 281,753
Donations, Membership Fees & Other Income 48,061 90
Investment Income 34,545 32,509
364,056 314,352
Total 5,565,062 5,095,584

Pg 24

NIACRO (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS (CONTINUED)

NOTE 13 TANGIBLE FIXED ASSETS

Computers Headquarters
Cost Motor
Vehicles		 &Office
Equipment		 Tenant
Improvements		 Fixtures&
Fittings		 Computers&
Office Equipment		 Land&
Buildings		 Total
Balance at01/04/24 - 18,842 13,140 45,748 339,355 1,632,783 2,049,867
Additions - - = 6,006 97,670 - 103,676
Disposals - (11,282) - - (93,210) - (104,492)
Balance at31/3/25 - 7,560 13,140 51,754 343,815 1,632,783 2,049,051
Depreciation
Balance at 1/4/24 - 18,842 7,985 22,923 307,762 920,109 1,277,620
Charge foryear
Disposals		 -
-		 -
(11,282)		 795
~		 4,211
:		 50,705
(93,210)		 48,090
-		 103,801
(104,492)
Balance at31/3/25 - 7,560 8,780 27,134 265,257 968,199 1,276,930
Net Book Value
At31/3/25 - - 4,360 24,619 78,558 664,584 772,121
At31/3/24 - - 5,155 22,825 31,593 712,674 772,246

Pg 25

NIACRO (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS (CONTINUED)

YEAR ENDED 31 MARCH 2025

NOTE 14 LEASED ASSETS

Equipment Total
COST
Balance at 1/4/24 35,208 35,208
Additions - -
Disposals - -
Balance at 31/3/25 35,208 35,208
DEPRECIATION
Balance at 1/4/24 33,311 33,311
Charge forYear 948 948
Disposals - -
Balance at 31/3/25 34,259 34,259
NET BOOKVALUE
At 31 March 2025 949 949
At31March2024 1,897 1,897

NOTE 15 RECONCILIATION OF SURPLUS/(DEFICIT) TO NET CASH FLOWS FROM OPERATING ACTIVITIES

2025 2024
£ £
Surplus/(Deficit) - Projects 19,376 79,877
19,376 79,877
Deferred Credit released (21,706) (28,062)
Depreciation/Loss on sale 104,749 78,043
Decrease /(Increase) in Debtors (211,208) (205,893)
Increase/(Decrease) in Creditors (6,423)
(115,212)		 (916)
(76,951)
Less Returns on Investment& Servicing ofFinance (34,545) (32,509)
(149,757) (109,460)

Pg 26

NIACRO (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS (CONTINUED) YEAR ENDED 31 MARCH 2025

NOTE 16 RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET DEBT

2025 2024
£ £
Increase/(Decrease) in Cash (219,946) (118,204)
Finance Lease Creditor Payments 1,059 938
(218,887) (117,266)
NET FUNDSATSTART OFYEAR 1,501,718 1,618,984
NET FUNDSATEND OF YEAR 1,282,831 1,501,718
ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS
Cash
2024 Flows 2025
£ £ £
BankAccounts 1,503,586 (219,946) 1,283,640
Cash in Hand 103 - 103
1,503,689 (219,946) 1,283,743
Finance Lease Creditor (1,971) 1,059 (912)
1,501,718 (218,887) 1,282,831

NOTE 17 ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

NOTE 18 LEASE PURCHASE ASSETS

£Nil (2024: ENil) of lease purchase assets was acquired in the year. The cost of fixed assets financed by lease purchase agreements is £35,208 (2024: £35,208). The net book value of those assets is £950 (2024: £1,897). The depreciation charge for the year in relation to these assets was £948 (2024: £948).

Pg 27

NIACRO (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS (CONTINUED) YEAR ENDED 31 MARCH 2025

NOTE 19 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted Unrestricted 2025 Restricted Unrestricted 2024
Funds Funds £ Funds Funds £
Fixed Assets - 773,070 773,070 - 774,144 774,144
Current Assets 1,011,843 1,043,881 2,055,724 967,407 1,097,055 2,064,462
Current Liabilities (544,248) (133,512) (677,760) (505,300) (178,941) (684,241)
LongTerm Liabilities - (88,633) (88,633) - (111,340) (111,340)
Reserves 467,595 1,594,806 2,062,401 462,107 1,580,918 2,043,025

Pg 28