CITYWATCH CCTV NORTHERN IRELAND Statement of Financial Activities oratin an Income and Ex enditure Account for the Year Ended 31 March 2024 Incor 2024 Total funds 2023 Total funds Unrestricted fund Restricled fund Notes INCOME AND ENDOWMENTS FROM Charitable activitles CCTV Operations Radio Link 306,335 5,505 306,335 5,505 304,800 4,748 Total 311,840 311,840 309,548 EXPENDITURE ON Charitable activitles CCTV Operations 245,496 73,585 319,081 366,571 NET INCOME/IEXPENDITUREI 66,344 173,5851 17,2411 157,0231 RECONCILIATION OF FUNDS Total funds brought forward 176,885 139,372 316,257 373,280 TOTAL FUNDS CARRIED FORWARD 243,229 65,787 309,016 316,257 The notes form part of these financial statements Page 9
CITYWATCH CCTV NORTHERN IRELAND Balance Sheet 31 March 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets 187,745 65,787 253,532 330,803 CURRENT ASSETS Debtors Cash at bank 35,952 67,963 35,952 67,963 8,699 23,939 103,915 103,915 32,638 CREDITORS Amounts falling due within one year 148,4311 148,4311 147,1841 NET CURRENT ASSETS 55,484 55,484 114,5461 TOTAL ASSETS LESS CURRENT LIABILITIES 243,229 65,787 309,016 316,257 NET ASSETS 243,229 65,787 309,016 316,257 FUNDS Unrestricted f unds Restricted funds io 243,229 65,787 176,885 139,372 TOTAL FUNDS 309,016 316,257 These financial statements have been prepared in accordance with the provisions applicable to charitable companie5 subject to the small companies regime. The financial statements were approved by the Board of Truslees and authorised for issue on 5 December 2024 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 2024 ACCOUNTING POLICIES Basis of preparing the flnancial 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 IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The f inancial 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 £ I 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 f inancial statement5 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 liabilitie5 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 expectatior)s. 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 classe5 of fixed assets. Theses asset5 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. Page 11 continued...
CITYWATCH CCTV NORTHERN IRELAND Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- contlnued Expendlture 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 c05t 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 activitie5. 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 cornpany 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 credltors receivable I 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. NET INCOME/{EXPENDITURE) Net income/lexpenditurel is stated after charging/lcreditingl'. 2024 2023 Auditors, remuneration Auditors, remuneration for non audit work Depreciation - owned assets 2,500 1,858 77,271 2,500 1,030 76,707 Page 12 continued...
CITYWATCH CCTV NORTHERN IRELAND Note5 to the Financial Statements - continued for the Year Ended 31 March 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefit5 for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 164,367 9,675 3,487 188,307 12,130 4,016 177,529 204,453 The average monthly number of employees during the year was as fo11ows'. 2024 2023 CCTV operators Management staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Charitable activities CCTV Operations Radio Link 302,300 4,748 2,500 304,800 4,748 Total 307,048 2,500 309,548 EXPENDITURE ON Charltable activities CCTV Operations 293,552 73,019 366,571 NET INCOMEIIEXPENDITUREI 13,496 170,5191 157,0231 Page 13 continued...
CITYWATCH CCTV NORTHERN IRELAND Notes to the Financial Statements - continued for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- Continued Unrestricted fund Restricted fund Total funds RECONCILIATION OF FUNDS Total funds brought forward 163,389 209,891 373,280 TOTAL FUNDS CARRIED FORWARD 176,885 139,372 316,257 TANGIBLE FIXED ASSETS Plant and machinery COST At l April 2023 and 31 March 2024 1,033,877 DEPRECIATION At l April 2023 Charge for year 703,074 77,271 At 31 March 2024 780,345 NET BOOK VALUE At 31 March 2024 253,532 At 31 March 2023 330,803 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments and accrued income 24,352 11,600 8,699 35,952 8,699 Page 14 continued...
CITYWATCH Cctv NORTHERN IRELAND Notes to the Financial Statements - continued for the Year Ended 31 March 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes VAT Accruals and deferred income 6,769 5,670 13,627 22,365 20,805 4,252 4,642 17,485 48,431 47,184 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. io. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 176,885 66,344 243,229 Restricted funds Restricted Funds 139,372 173,5851 65,787 TOTAL FUNDS 316,257 17,2411 309,016 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 311,840 1245,4961 66,344 Restricted funds Restricted Funds 173,5851 173,5851 TOTAL FUNDS 311,840 1319,0811 17,2411 Page 15 continued...
CITYWATCH ccrv NORTHERN IRELAND Detailed Statement of Financial Activities for the Year Ended 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Charitable activities Lisburn & Castlereagh City Council Monitoring Handset hire Camera Integration 250,000 56,335 5,505 250,000 52,300 4,748 2,500 311,840 309,548 Total incoming resources 311,840 309,548 EXPENDITURE Charitable activltles Wages Social securitv Pensions System rental Insurance Light and heat Repairs and Maintenance Other professional fees Security Industry Licence Staff training Depreciation 164,367 9,675 3,487 20,567 1,780 8,036 14,183 500 1,250 125 77,271 188,307 12,130 4,016 32,970 1,742 7,459 26,327 960 563 125 76,705 301,241 351,304 Support costs Governance costs Auditors, remuneration Auditors, remuneration for non audit work Office running costs Sur)dries HR and H&S Fees 2,500 1,858 7,500 1,525 4,457 2,500 1,030 7,171 629 3,937 17,840 15,267 Total resources expended 319,081 366,571 Net expenditure 17,2411 157,0231 This page does not form part of the statutory financial statements Page 18