CITYWATCH CCTV NORTHERN IRELAND ## Statement of Financial Activities ## (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2022 |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
CCTV Operations
252,867
Radio Link
4,992
Other income
12,833
**Total**
270,692
**EXPENDITURE ON**
**Charitable activities**
CCTV Operations
266,334
Radio Link
‐
**Total**
266,334
**NET INCOME/(EXPENDITURE)**
4,358
**Transfers between funds**
9
(3,731)
**Net movement in funds**
627
**RECONCILIATION OF FUNDS**
Total funds brought forward
162,762
**TOTAL FUNDS CARRIED FORWARD**
163,389|Restricted
fund
£
21,381
‐
‐
21,381
59,134
‐
59,134
(37,753)
3,731
(34,022)
243,913
209,891|2022
Total
funds
£
274,248
4,992
12,833
292,073
325,468
‐
325,468
(33,395)
‐
(33,395)
406,675
373,280|2021
Total
funds
£
304,265
5,743
16,742| |---|---|---|---| ||||326,750| ||||307,936
3,874| ||||311,810| ||||14,940
‐| ||||14,940
391,735| ||||406,675| The notes form part of these financial statements Page 9 CITYWATCH CCTV NORTHERN IRELAND ## Balance Sheet 31 March 2022 |Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
6
125,890
**CURRENT ASSETS**
Debtors
7
57,038
Cash at bank
164,875
221,913
**CREDITORS**
Amounts falling due within one year
8
(184,414)
**NET CURRENT ASSETS**
37,499
**TOTAL ASSETS LESS CURRENT LIABILITIES**
163,389
**NET ASSETS**
163,389
**FUNDS**
9
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
209,891
‐
‐
‐
‐
‐
209,891
209,891|2022
Total
funds
£
335,781
57,038
164,875
221,913
(184,414)
37,499
373,280
373,280
163,389
209,891
373,280|2021
Total
funds
£
259,839
25,836
143,002
168,838
(22,002)
146,836
406,675
406,675
162,762
243,913| |---|---|---|---| ||||406,675| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 14 December 2022 and were signed on its behalf by: P A Dean ‐ Trustee M Busch ‐ Trustee The notes form part of these financial statements Page 10 CITYWATCH CCTV NORTHERN IRELAND Notes to the Financial Statements for the Year Ended 31 March 2022 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Lisburn Commerce Against Crime is a private company limited by guarantee incorporated in Northern Ireland . In the event of the charity being wound up, every member of the company undertakes to contribute such amount as may be required not exceeding £ 1 to the company's assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member for payment of debts and liabilities of the company. The address of the registered office is given in the charity information on page 2 of these financial statements. The nature of the charity's operations and principal activities include operating of a CCTV monitoring system and a Radio link service. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. ## **Critical accounting judgements and key sources of estimation uncertainty** The preparation for financial statements under FRS 102 requires estimates and assumptions to be made that affect both the value at which certain assets and liabilities are held at the balance sheet date and the amounts of revenue and expenditure recorded in the period. The directors believe the accounting policies chosen are appropriate to the particular circumstances and that the estimates, judgements and assumptions involved in the preparation of the financial statements are reasonable. Accounting estimates made by management are based on information available to management at the time each estimate is made. Accordingly, actual outcomes may differ materially from current expectations. The estimates for which there is a significant risk of material adjustment to the financial statements are as follows: ## Depreciation The directors exercise judgement of the useful economic lives and residual values of all classes of fixed assets. Theses assets are then depreciated over their useful economic lives to their residual values. ## Provision for doubtful debt The directors review the recovery of trade debtors on a continuous basis for any indications of impairment. If such conditions are apparent and it is unlikely, due to deteriorated creditworthiness that the debt will be paid whether wholly or in part, a provision will be made. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. continued... Page 11 CITYWATCH CCTV NORTHERN IRELAND ## Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2022 ## **1. ACCOUNTING POLICIES ‐ continued** ## **Expenditure** Liabilities are recognized as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery ‐ 10% on cost The accounting estimate for depreciation has been changed in the period from 20% on cost to 10% on cost. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ## **Pension costs and other post‐retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Debtors and creditors receivable / payable within one year** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## **2. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||2022|2021| |---|---|---| ||£|£| |Auditors' remuneration|2,500|2,500| |Auditors' remuneration for non audit work|973|2,075| |Depreciation ‐ owned assets|59,133|59,058| continued... Page 12 CITYWATCH CCTV NORTHERN IRELAND ## Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2022 ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **4. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
CCTV operators
Management staff
No employees received emoluments in excess of £60,000.||2022
£
172,281
10,751
3,500
186,532
2022
7
1
8||2021
£
172,662
‐
‐| |---|---|---|---|---| |||||172,662| |||||2021
6
1
7| ## **5.** ## **COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
CCTV Operations
304,265
Radio Link
5,743
Other income
16,742
**Total**
326,750
**EXPENDITURE ON**
**Charitable activities**
CCTV Operations
252,752
Radio Link
3,874
**Total**
256,626|Restricted
fund
£
‐
‐
‐
‐
55,184
‐
55,184|Total
funds
£
304,265
5,743
16,742
326,750
307,936
3,874
311,810| |---|---|---| continued... Page 13 CITYWATCH CCTV NORTHERN IRELAND ## Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2022 |**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES ‐ continued**
Unrestricted
fund
£
**NET INCOME/(EXPENDITURE)**
70,124
**Transfers between funds**
(29,269)
**Net movement in funds**
40,855
**RECONCILIATION OF FUNDS**
Total funds brought forward
121,907
**TOTAL FUNDS CARRIED FORWARD**
162,762
**6.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2021
Additions
Disposals
At 31 March 2022
**DEPRECIATION**
At 1 April 2021
Charge for year
Eliminated on disposal
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021|Restricted
fund
£
(55,184)
29,269
(25,915)
269,828
243,913|Total
funds
£
14,940
‐
14,940
391,735
406,675
Plant and
machinery
£
1,240,367
135,075
(413,294)
962,148
980,528
59,133
(413,294)
626,367
335,781
259,839|Total
funds
£
14,940
‐| |---|---|---|---| ||||14,940
391,735| ||||406,675| continued... Page 14 CITYWATCH CCTV NORTHERN IRELAND ## Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2022 |**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
VAT
Prepayments and accrued income
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Accruals and deferred income
**9.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.4.21
in funds
£
£
**Unrestricted funds**
General fund
162,762
4,358
**Restricted funds**
Restricted Funds
243,913
(37,753)
**TOTAL FUNDS**
406,675
(33,395)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
270,692
**Restricted funds**
Restricted Funds
21,381
**TOTAL FUNDS**
292,073|2022
2021
£
£
17,496
9,290
24,921
3,585
14,621
12,961
57,038
25,836
2022
2021
£
£
162,076
65
1,017
692
21,321
21,245
184,414
22,002
Transfers
between
At
funds
31.3.22
£
£
(3,731)
163,389
3,731
209,891
‐
373,280
Resources
Movement
expended
in funds
£
£
(266,334)
4,358
(59,134)
(37,753)
(325,468)
(33,395)| |---|---| continued... Page 15 CITYWATCH CCTV NORTHERN IRELAND ## Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2022 ## **9. MOVEMENT IN FUNDS ‐ continued** **Comparatives for movement in funds** |Net
movement
At 1.4.20
in funds
£
£
**Unrestricted funds**
General fund
121,907
70,124
**Restricted funds**
Restricted Funds
269,828
(55,184)
**TOTAL FUNDS**
391,735
14,940
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
326,750
**Restricted funds**
Restricted Funds
‐
**TOTAL FUNDS**
326,750|Transfers
between
At
funds
31.3.21
£
£
(29,269)
162,762
29,269
243,913
‐
406,675
Resources
Movement
expended
in funds
£
£
(256,626)
70,124
(55,184)
(55,184)
(311,810)
14,940| |---|---| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Restricted Funds
**TOTAL FUNDS**|Net
movement
At 1.4.20
in funds
£
£
121,907
74,482
269,828
(92,937)
391,735
(18,455)|Transfers
between
funds
£
(33,000)
33,000
‐|At
31.3.22
£
163,389
209,891| |---|---|---|---| ||||373,280| continued... Page 16 CITYWATCH CCTV NORTHERN IRELAND ## Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2022 ## **9. MOVEMENT IN FUNDS ‐ continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Restricted Funds
**TOTAL FUNDS**|Incoming
resources
£
597,442
21,381
618,823|Resources
Movement
expended
in funds
£
£
(522,960)
74,482
(114,318)
(92,937)
(637,278)
(18,455)| |---|---|---| ## **10. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2022. ## **11. FRC ETHICAL STANDARD ‐ PROVISIONS AVAILABLE FOR SMALL ENTITIES** 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. ## **12. GOING CONCERN** The company incurred a loss in the sum of £33,395 for the year ended 31 March 2022 and had net assets in the sum of £373,280. The company is heavily dependent upon funding from Lisburn and Castlereagh City Council, at the date of signing this report funding for the next financial year has not been confirmed. The company does not have sufficient cash reserves to continue for 12 months should the funding not be secured. The directors are looking into keeping costs to an absolute minimum, looking at alternative sources of funding and are currently in discussions with the Council to get confirmation on the funding for the financial year ahead. The directors have assessed a period of 12 months from the date of approving the financial statements with regard to the appropriateness of the going concern assumption in preparing the financial statements. The directors believe that the company will be in a position to continue operations once the funding has been put in place and the directors have formed the view that it is appropriate to prepare the accounts on a going concern basis. Without confirmation of essential funding, however, the circumstances represent a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern and therefore the company may be unable to realise its assets and discharge its liabilities in the normal course of business. The financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the company was unable to continue as a going concern. Page 17 CITYWATCH CCTV NORTHERN IRELAND ## Detailed Statement of Financial Activities for the Year Ended 31 March 2022 |**INCOME AND ENDOWMENTS**
**Charitable activities**
Lisburn & Castlereagh City Council
Monitoring
Handset hire
Camera Integration
**Other income**
Government Grants
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
System rental
Insurance
Light and heat
Repairs and Maintenance
Other professional fees
Security Industry Licence
Staff training
Depreciation
**Support costs**
**Governance costs**
Auditors' remuneration
Auditors' remuneration for non audit work
Office running costs
Sundries
HR and H&S Fees|2022
£
203,287
50,330
4,242
21,381
279,240
12,833
292,073
172,281
10,751
3,500
21,781
1,650
4,170
25,392
7,942
1,665
125
59,134
308,391
2,500
973
9,798
2,160
1,646
17,077|2021
£
258,000
46,265
5,743
‐| |---|---|---| |||310,008
16,742| |||326,750
172,662
‐
‐
23,880
1,432
3,610
29,748
‐
1,252
125
59,058| |||291,767
2,500
2,075
7,368
1,585
6,515| |||20,043| This page does not form part of the statutory financial statements Page 18 CITYWATCH CCTV NORTHERN IRELAND ## Detailed Statement of Financial Activities for the Year Ended 31 March 2022 |Detailed Statement of Financial Activities
for the Year Ended 31 March 2022||| |---|---|---| |Total resources expended
**Net (expenditure)/income**|2022
£
325,468
(33,395)|2021
£| |||311,810| |||14,940| This page does not form part of the statutory financial statements Page 19