CITYWATCH CCTV NORTHERN IRELAND
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities CCTV Operations 302,300 Radio Link 4,748 Other income ‐ Total 307,048 EXPENDITURE ON Charitable activities CCTV Operations 293,552 NET INCOME/(EXPENDITURE) 13,496 RECONCILIATION OF FUNDS Total funds brought forward 163,389 TOTAL FUNDS CARRIED FORWARD 176,885 |
Restricted fund £ 2,500 ‐ ‐ 2,500 73,019 (70,519) 209,891 139,372 |
2023 Total funds £ 304,800 4,748 ‐ 309,548 366,571 (57,023) 373,280 316,257 |
2022 Total funds £ 274,248 4,992 12,833 292,073 325,468 (33,395) 406,675 373,280 |
|---|---|---|---|
The notes form part of these financial statements
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Balance Sheet 31 March 2023
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 191,431 CURRENT ASSETS Debtors 7 8,699 Cash at bank 23,939 32,638 CREDITORS Amounts falling due within one year 8 (47,184) NET CURRENT ASSETS (14,546) TOTAL ASSETS LESS CURRENT LIABILITIES 176,885 NET ASSETS 176,885 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 139,372 ‐ ‐ ‐ ‐ ‐ 139,372 139,372 |
2023 Total funds £ 330,803 8,699 23,939 32,638 (47,184) (14,546) 316,257 316,257 176,885 139,372 316,257 |
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 |
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 13 December 2023 and were signed on its behalf by:
P A Dean ‐ Trustee
M Busch ‐ Trustee
The notes form part of these financial statements
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Notes to the Financial Statements for the Year Ended 31 March 2023
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.
Citywatch CCTV Northern Ireland 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...
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Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES ‐ continued
Expenditure
Liabilities are recognised 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.
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):
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration | 2,500 | 2,500 |
| Auditors' remuneration for non audit work | 1,030 | 973 |
| Depreciation ‐ owned assets | 76,707 | 59,133 |
continued...
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Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
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. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ 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 NET INCOME/(EXPENDITURE) 4,358 Transfers between funds (3,731) |
2023 £ 188,307 12,130 4,016 204,453 2023 7 1 8 Restricted fund £ 21,381 ‐ ‐ 21,381 59,134 (37,753) 3,731 |
2022 £ 172,281 10,751 3,500 186,532 2022 7 1 8 Total funds £ 274,248 4,992 12,833 292,073 325,468 (33,395) ‐ |
||
|---|---|---|---|---|
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2023
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES ‐ continued Unrestricted fund £ Net movement in funds 627 RECONCILIATION OF FUNDS Total funds brought forward 162,762 TOTAL FUNDS CARRIED FORWARD 163,389 6. TANGIBLE FIXED ASSETS COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors VAT Prepayments and accrued income |
Restricted Total fund funds £ £ (34,022) (33,395) 243,913 406,675 209,891 373,280 Plant and machinery £ 962,148 71,729 1,033,877 626,367 76,707 703,074 330,803 335,781 2023 2022 £ £ ‐ 17,496 ‐ 24,921 8,699 14,621 8,699 57,038 |
|---|---|
continued...
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Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2023
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes VAT Accruals and deferred income |
2023 £ 20,805 4,252 4,642 17,485 47,184 |
2022 £ 162,076 1,017 ‐ 21,321 |
|---|---|---|
| 184,414 |
9. SECURED DEBTS
On the 23 March 2023 Lisburn & Castlereagh City Council obtained a chattels charge over some of the CCTV equipment of the charity to enable Lisburn & Castlereagh City Council to release funding for the 23/24 financial year. This charge remains in place at date of signing the accounts.
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted Funds TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted Funds TOTAL FUNDS |
Net movement At At 1.4.22 in funds 31.3.23 £ £ £ 163,389 13,496 176,885 209,891 (70,519) 139,372 373,280 (57,023) 316,257 Incoming Resources Movement resources expended in funds £ £ £ 307,048 (293,552) 13,496 2,500 (73,019) (70,519) 309,548 (366,571) (57,023) |
|---|---|
continued...
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Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2023
10. MOVEMENT IN FUNDS ‐ continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Restricted Funds TOTAL FUNDS |
Net movement At 1.4.21 in funds £ £ 162,762 4,358 243,913 (37,753) 406,675 (33,395) |
Transfers between funds £ (3,731) 3,731 ‐ |
At 31.3.22 £ 163,389 209,891 |
|---|---|---|---|
| 373,280 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Funds TOTAL FUNDS |
Incoming resources £ 270,692 21,381 292,073 |
Resources Movement expended in funds £ £ (266,334) 4,358 (59,134) (37,753) (325,468) (33,395) |
|---|---|---|
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 1.4.21 in funds £ £ 162,762 17,854 243,913 (108,272) 406,675 (90,418) |
Transfers between funds £ (3,731) 3,731 ‐ |
At 31.3.23 £ 176,885 139,372 |
|---|---|---|---|
| 316,257 |
continued...
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Notes to the Financial Statements ‐ continued for the Year Ended 31 March 2023
10. 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 £ 577,740 23,881 601,621 |
Resources Movement expended in funds £ £ (559,886) 17,854 (132,153) (108,272) (692,039) (90,418) |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
12. 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.
13. GOING CONCERN
The company incurred a loss in the sum of £57,023 for the year ended 31 March 2023 and had net assets in the sum of £316,257. 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.
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Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| 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 |
2023 £ 250,000 52,300 4,748 2,500 309,548 ‐ 309,548 188,307 12,130 4,016 32,970 1,742 7,459 26,327 960 563 125 76,705 351,304 2,500 1,030 7,171 629 3,937 15,267 |
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 |
This page does not form part of the statutory financial statements
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Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Total resources expended Net expenditure |
2023 £ 366,571 (57,023) |
2022 £ 325,468 (33,395) |
|---|---|---|
This page does not form part of the statutory financial statements
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