AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Other trading activities -tment income other income 1,879 233,788 3,728 1,028 500 1,879 292,288 3,728 1,028 500 1,840 273.048 3,180 172 33 58,500 Total income 240.923 58.500 299.423 278,273 Expenditure Expenditure on charitable activities Total expenditure 10 (217.318) (217,318) (59,511) (276,829) (242,151) (59,511) {276,829) 1242,151) Net income and net movement in funds 23,605 (1.011) 22,594 36,122 Reconciliation of funds Total funds brought forward Total funds carried forward 150.701 1,011 151,712 115.590 174,306 174,306 151,712 The statement of finanGial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The note5 on page5 24 to 34 form part of these flnanclal staternents. 22
AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 15 503 387 Current assets Debtors Cash at bank and in hand 16 4,983 175,889 346 154.690 180,872 155.036 Creditors: amounts falling due within one year Net current assets 17 (7,069) 173,803 (3,711) 151,325 Total assets less current liabilities 174,306 151,712 Net assets 174,306 151,712 Fijnds of the charity Restricted funds Unrestricted funds 1,011 150,701 151,712 174,306 174,306 Total charity funds 21 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies. regime. These financial statements were approved by the board of trustees and authorised for issue on 24 June 2024, and are signed on behalf of the board by: ra S Semple MBE Trustee The notes on pages 24 to 34 fom) part of these flnanclal statements. 23
AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 58a High Street, Holywood, BT18 9AE. Northern Ireland. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the 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) (Charities 8ORP (FR.8 10?)) and the Charities Act (Northern Ireland) 2008. AIDS Care Education and Training (Northern Ireland) Limited meets the definition of a public benefit entity under FRS 102. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows- Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. 24
AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income= income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount Gan be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classifjed under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs an(J costs relating to the govemance of the charity apportioned to charltable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use ot the resource. L)Irect costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stateL1 at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 25
AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements (eontinuedj Year ended 31 March 2024 Accounting policies (continued) Tangible assets (continuedj An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses. except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings Equipment 20 % straight line 200/0 straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date. with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill. the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating untts that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are reiVed or receivable. Ijvhere the grant does impose specified future perfonnan¢e-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a 26
AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (conlinuedj Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction Costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value. unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the Statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairmpnt at thp p.nd nf p.2r.h rp.porting d2tp.. If thprp. is nbjpr.tivp. pvidencp of imp2irmpnt, 2n impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are oither assossod individu211y or grouped on tho basis of similar crodit risk characteristics. Any reversals of impaiment are recognised immediately. to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the exient that the prepayment wi15 lead to a reduction in future payments or a cash refund. 27
AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (continued) Defined contribution plans (continued) Vvhen contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related seNice, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee Each of the members of the company has guaranteed to contribute to the assets of the company in the event of the same being would up to the extent of £1. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations 1,879 1.879 1,840 1,840 Charitable activities Unrestrlcted Funds Restrlcted Total Funds Funds 2024 Department of Health Department of Health Mental Health Fundl Community Foundation PHA Regional OCN Contract PHA Regional RSE Contract PHA Northern Area PHA Southeast Area PHA Western Area PHA Southern Area Western HSCT Halifax Foundation Other Training Revenue 20,648 20,648 54.000 54,000 87,440 109,100 3.760 3.760 3,760 3.760 87.440 109,100 3.760 3.760 3.760 3.760 4,500 4.500 1,560 1,560 233.788 58,500 292,288 28
AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements (contsnuedj Year ended 31 March 2024 Charitable activities (continued) Unrestricted Funds Restricted Total Funds Funds 2023 Department of Health Department of Health Mental Health Fundl Community Foundation PHA Regional OCN Contract PHA Regional RSE Contract PHA Northern Area PHA Southeast Area PHA Wg.stern Area PHA Southern Area Western HSCT Halifax Foundation Other Training Revenue 41,295 41,295 47.000 47,000 92.793 89.300 92.793 89.300 1.100 1,100 1,560 1,560 226.048 47.000 273.048 other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 KFC Youth Foundation The Ardbarron Trust Equipment rental The Souter Foundation 2,500 1,000 228 2,500 1,000 228 1,000 180 2.000 1,000 180 2,000 3,728 3,728 3,180 3,180 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank Interest 1.028 1.028 172 172 Other income UntestriGted Total Fuiids UniestriGted Total Fuiids Funds 2024 Funds 2023 Sundry 500 500 33 33 29
AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Ststements (confynued) Year ended 31 March 2024 10. Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Health, Education & Training Support costs 119,793 97,525 56,211 3,300 176,004 100,825 217,318 59,511 276,829 Unrestricted Funds Restricted Total Funds Funds 2023 Health, Education & Training Support costs 101.283 94.879 45.989 147,272 94,879 242,151 196,162 45,989 11. Analysis of support GQSts Health, Education & Training Total 2024 Total 2023 Staff GostS General office Governance costs 90.562 6,232 4,031 100,825 90,562 6,232 4,031 100.825 83,306 7,412 4,161 94,879 12. Net income Net income is stated after chargingl{crediting)- 2024 2023 Depreciation of tangible fixed assets Fees payable for the audit of the financial statements 423 3,509 316 3,615 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans Other employee benefits 66,193 1,448 21,924 997 65,316 1,798 15,195 997 90,562 83,306 The average head count of employees during the year was 2 (2023: 2). 30
AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements (eontinued) Year ended 31 March 2024 13. staff costs fcontinuedj No employee received employee benefits of more than £60,000 during the year (2023: Nil). Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £90.562 (2023..£83,306). 14. Trustee reinunerdtion and expen5e5 The Gharity trustees were not paid or re1Ve aiiy vllier benefits from employment with the Charity in the period {2023'. Nil). No charity trustee received payment for professional or other services supplies to the charity (2023: Nil}. The charity trustees were reimbursed travel expenses during the period totalling £98{2023'. £476). 15. Tangible fixed assets Fixtures and fittings Cquipment Total Cost At 1 April 2023 Additions 8.080 14,276 539 22.356 539 At 31 March 2024 8,080 14,815 22,895 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 8,080 13,889 423 21,969 423 8,080 14,312 22,392 Carrying amount At 31 March 2024 503 503 At 31 March 2023 387 387 16. Debtors 2024 2023 Prepayments and accrued income Other debtors 3.154 1,829 4,983 76 270 346 31
AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 March 2024 17. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income Other creditors 3,230 3,839 3.711 7,069 3,711 18. Deferred income 2024 2023 At 1 April 2023 Amount released to income 47.000 (47,000) At 31 March 2024 19. PÈnsions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £21.924 (2023.. £15,195). 20. Government grants The amounts recognised in the financial statements for government grants are as follows.. 2024 2023 Recognised in creditors= Deferred govemment grants due within one year 47,000 21. Analysis of charitable funds Unrestricted funds At 31 March 202 At 1 April 2023 Income Expenditure General funds 150,701 240.923 (217,318) 174,306 At 31 March 202 At 1 April 2022 Income Expenditure Geiieidl fuiid 115,590 231,273 (196.162) 150,701 32
AIDS Care Education and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 March 2024 21. Analysis of charitable funds {contlnued) Restricted funds At 31 March 202 At 1 April 2023 Income Expenditure Department of Health Mental Health Fundl Community Foundation Halifax Foundation 1.011 54,000 4,500 (55,011) {4.500) (59,511) 1,011 58,500 At 31 March 202 At 1 April 2022 Income Expenditure Department of Health Mental Health Fundl Community Foundation Halifax Foundation 47,000 (45.98g) 1,011 47.000 {45,989) 1.011 22. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 503 180,872 (7,069) 174,306 503 180,872 (7,069) 174,306 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 387 155.036 (3,711) 151,712 387 155,036 (3,711) 151,712 23. Contingencies A contingent liability exists to repay grants and funds received should certain conditions not be fulfilled by the charity. In the opinion of the Trustees. the terms of the Letters of Offer have boen, or will be, complied with and no liability is oxpected. 33
AIDS Care Educatlon and Training (Northern Ireland) Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 24. Corporation taxation The Company is a registered charity, and as such is entitled to tax exemptions on income and profits in furtherance of the charity's primary objectives. 25. Related parties During the period, amounts totalling £35.142 (2023: £26,992) were paid to members of key managements family for the delivery of ACET training sessions and expenses. These transactions were based on related market rates and conducted at arm's length. The transactions were approved by the Board of Trustees. 26. Ethical standards In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. 34