RELATE NORTHERN IRELAND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Vnr•strictèd R•striet•d funds funds 2024 2024 Total Vnr•strict•d R•stricted funds funds 2023 2023 Total 2024 2023 Notès Income from: Donations and lega¢ies Charitable activ￿eS Other trading aclivtbes Investments 434.578 228.350 74.031 249 179.321 613,899 228.350 74.031 249 571.558 210.586 85,510 53 275,997 847,555 210.S86 85,510 53 Totsl income 737.208 179.321 916.529 867.707 275.997 1.143,704 Expenditurè on-. Charitable ￿￿"V[beS 857275 202.131 1.059.406 812.737 276.632 1,089,369 Total expenditure 857 275 202,131 1.059,406 812,737 276.632 1,089,369 Net Incomdlexpgndlturgl and ovement in lund5 1120.067) 122,810) {142.877) 54.970 16351 54,335 Reconciliation of fund5= Fund balantes at 1 April 2023 .345 22,810 989.155 911,375 23.445 934,820 Fund balancès at 31 MaKh 2024 846.278 846.278 966,345 22.810 989,155 Th& stal&ment of finan¢ial 8Cliviti&s includes all gains and l(tsses reCO￿lS￿d in1he year. All income expendf(ure dtrrfve from continuing activitie& 25- RELATE NORTHERN IRELAND BALANCE SHEET AS A T 31 AIARCH 2024 2024 2023 pkntes Flxed assgls Tangible asseis 12 653,585 664,190 Cuffènt a$s*ts Debtors Cash al bank and in haThJ 13 139,828 127.384 154,278 263.667 267,212 417.945 Cr•ditors: aMo￿ts falling duè within on• year 15 160.8871 {69.3461 Net current assets 206,325 348,597 Total assets less current Ilabllltles 859.910 1.012.787 Creditors= amounts lalling due 3fter more than one year 16 113,6321 123.6321 Nel assets 846.2T8 989,155 Income funds Restn"cled funds unrestr1￿0d funds Designated lund5 General unrestricled funds Revoluab"on reserve 17 22.810 18 653.585 183.220 9,474 716,854 240,017 9.474 846.2T8 966,345 846.218 989,155 26- RELATE NORTHERN IRELAND BALANCE SHEET {CONTINUED) AS A T 31 AIARCH 2024 The company is entrfed to the exempiKm trom the a￿111 requirement conta*ied in section 477 01 the Companies Act 2006, for U)e year ended 31 March 2024, atthough an audit has been (*rried tsut urKler secb.on 144 of the chaiib.es Act 2011. The marnbers have not required Ihe company lo obtain an audii of 11$ financi41 staternents under the requirements of ihe Companies Act 2006, lor the yewin queslion in accordance wlh s￿h"On 476. Th8 Truste8s acknoVA￿g8 their r8SPOll5ibilth"8s for ensL￿ng that 1he charity ke8ps ￿CoUntIng r8cor(* which cornply wth section 386 of the Act and for preparing finan-ial staterrents which gve a true and fair vivw of the stale of affairs of the company as al the end of the financial year and of its ino)ming iexwrces application DI resources. including 115 income and exp8ndrture. for the financial year in accordance wth Ihe r8quir9rn8nt5 of 5ecbons 394 and 395 and which ath8rwis8 comply with Ihe requirements of the Cornpanie5 Acl 2006 relating to financi* statements. so lar as applicable to the company. The member5 have not required Ihe cornpany lo obt3in an audit of it5 financial state￿￿15 urKler the requirements of the CompanSes Act 2006. Yof ihe yew In question in aCCord￿ce Wilh S￿h"On 476. These financial siaternents have teen prepared in accordan￿ wilh the Ffovisions applicable to cornpar¥es subject lo the small cornpanies regiThE. The financial statements were appro¥ed by the Trustees on 23 December 2024 Is N Dowey Trustee Company reglstratlon nunkner N1032111 -27- RELATE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng poIi¢itr$ Chority Information Relate Northem Ireland is a prwale company linmted by gu8r8niee incorFoialetl in Northem Ireland. The registered Offi￿ is Glengall Exchange, 3 Glengall Street. BeffasL Co. Antrim, BT12 SAB. 1.1 Accounting convention Th8 finanaal statements hav8 been prepared in accordanc8 I￿th the tharitys Memordndurn and Arbtl8s of Asso¢iation, the Companies Act 2006 and "Accounting and Reporting ty Charities.. Statement of Recommended PraCt￿e applicable to charities preparing Iheir acojunts in accordance 4rilh thg Fin￿(la1 Reporting Standard applicable in the UK and Republic of Irdand IFRS 1021° las wnended f￿ xixwjntirg periods cY)mmencing from 1 January 20161. Thg tharity is a Public B8nafit Enbty as deffin8d by FRS 102. The financial statements are prepa￿ In sterting, which is the cxjrrew ol Ihe d)arity. Monetary amounts in th8se financial slalements rgundod lo Ihe neartrsl £. The finanaal statements have been prepared under the historical c05t convents"Dn, rnixlified to Include the revaluation of freehold properlies arKI to include investment PK)tHbes arwj cetlain ffirwcial instrufflents al fair value. The principal accounting policies adopted are set oul below. 1.2 Going concern At the lime of approving the finarrial slaiements. the Trustees have a reasonable expectalon 1hat the charity has adequate resources to continue in operaiional exisletKt lor the foreseeable future. Thus the Trustees continue to adoplthe going conGem basis of ar£o￿ty"ng in preparing the I￿anc481 slatements. 1.3 Charitable funds Unrèstrictèd funds arè available for use at the discretion of Ihè Truslèès in fijrlherance of th8ir charitabl8 oblectivès. ReSt￿ted hJnd5 are S￿SerI to spectrconditrons by donors or granlors ys to how Ihey rnay be uwl. The purpose5 and uses of the restricted funds are sel oul in the notes io the finanoal St8￿ments. Endowment lunts are to sk)eaffic conditKMS by donors that the capital must be n)aintained by the charity. 1.4 Incorne Income is recognised when the charity is legalty entided io it after any perforn)ance conditiDns have been met, the amounts Can be measured reliably. and it is probable ihat in¢ome will be received. Cash donations are rewgnised on receipt. other thn8tion5 a￿ rewgnised orKe the charity ha5 been notified of Ihe donakn'on. unless performance condibons require delerral ol the aTrKMJnl. In￿￿e tax recoverable in relabon to donations recei￿ed under Gift Aid or deeds ol covenant is recognised al ihe lime of Ihe donalion. Lega¢itts are recoyiiised ty) receipt ￿ Ollierwise if ihe ¢hariiy hab been iiotified ￿ an ir)Ipeiiding tjislributior), the amouTrl is known. and r￿lpt is exp￿d. If the ￿0￿nI is ncl known. the legacy is treated as a contiigent asset. Tumover is measured at the fair value ol the consKJerathon received or ￿￿[Vable and ￿presents amounts receivable for gwds and swvi¢es provided in tho nomial course of business, net of di$¢ounts, VAT and other sales related taxes. 28- RELATE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (co￿lNUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting poli¢i•s Icontinutdl 1.5 Expenthtur* Liabilrties are re￿gnised as soon as there Is a legal or ￿￿$trICtl¥e obli￿tr"on Cornmitting the tharily to the expenditure. All expendilure is accounted for on an ￿rual$ basis and has been dassified under headings Ihal ag9regale all costs related to the eAtegory. Chari18ble expenditu￿ ¢(Mnprises Ihose Costs in¢urred by Ihe Charity in Ihe ddivery of its activities and services for its beneficiaries. It includes bo1h cosis Ihal car) be alocated directly to such acbvities and those costs of an indirect nalure necessary to support them. 1.6 Tangible fixed a55ets Tangible fixed assets are in￿"allY measured at ￿st and subsequenuy measured at cost or valuab'on, net of depreciation and any impairment losses. DepreciatTon is recognised so as io wrrite off the (x)st Dr val￿110Th ol assets less if￿1r residual values over Iheir useful lives on Ihe follo%ving bases.. Fr86hDld land buildings Office equipment Fixtures arKI fittings Computer5 2% straight lin8 20°A sttaight line 10% strdight line 25% red￿l￿g balan The gain or loss arising on the disposal of an asset 15 detemiined as the diffferer￿ between the sale proceeds and the carrying v8lue of the 85sel. arKI is recognised in the ststement of ffinancial a¢b.V￿"es. 1.7 Impairrnent or r￿ed assets Al &a¢h reporting end d8t&, Ihe ¢hanty reviews the ¢arrying arnounl$ ol its tangible ass&1$ to determine whether therè is any indication that those assets have suffered an irnpairment loss. If any such indcalon exists. ihe recoverable amount ol the as8ei is estimated in order to delemi￿ 1he ex*nt of tr* impaiment loss {rf anyj. 1.8 Cash #nd cash equlval*nt$ Cash and cash ￿u1valentS include cash in hand, deposits hdd at call with banks, other short-term liquid investments wtth original Matur￿95 of three tnonths ￿ less. and bank overdraft5. Bank overdrafts ar8 shown ￿thIn tK>￿QWingS in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of secb.on 11 '8asic Finan(ial Instruments, and Sethon 12'0ther Financial Instrurnents IssL￿, of FRS 102 lo all of its financial inslruments. Financial instruments we recognised in Ihe s balan¢e 5ftti when 1he tharity. becomes party to (x)ntractual provisions of the instruftwl. Financi8105sets and li8bilitie5 aTe offsei. with Ihe net amounts presenleil in the financial ststernents. when Iheie is legally enIOr￿a￿le right to set off the recognised and there is an inlenlion to settle on a net basis or to realise the asset and settle the liablity simuttaneously. Basic financial ass•ts Basic f nancial asseis, ￿lch i￿ude debttys and cash 8nd bank bala[￿s. *e ir)itiélly measured at transaction price induding Imnsaction costs and are subse(DJently (xrried at am0￿sed cosi using the effective interest method unless the 8rtangement ¢onstrtutes 8 fin8n¢ing tiartsa¢bon, Whe￿ the transaction is rneasured at the present value of the future receipts discounted at a market rate ol interesl. Fin8nco18ssets classtfied as le￿1vable within year ale not amortised. 29- RELATE NORTHERN IRELAND NOTES TO THE FINANCIAL STATEMENTS (co￿lNUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting poli¢i•s Icontinutdl 8a81¢ finJn¢i41 liabilities Basi¢fin8ncial liabilities. Ir￿lUdIng creditor5 and bank loans are iNts"aly recc¥JThsed at tr￿0￿.?n Pri￿ unless the arrangement constitutes a financing tranS￿tiOn. *here the debt inslrumenl is measured al Ihe present value ol the future payments discounted at a market rate of interest Financial liabilth.es cla￿tied as payable wIt￿"n one year are not amothse(l. Debt inslnjments are subsequently G￿led at am(M11g￿ cosL using the effective interest rate method. Trade creditors are obligations io pay for goods or services that have been acquir& in the ordinary course of operations from suppliers. Arnounts paiable are cL3ssified as current liabilities if payment is due within Dne year or less. If not. they are presented as non-ojrrent h"abililies. Trade ¢re¢itors are wognised Initially at transaction price and subsequenuy measured at aMOrbs￿ cost using the effective interest mettKKI. D6rncognltlon of Ilnanclal Ilabllttlas Financial 1th.1￿.eS are derecogni5ed when the cherity's contra(*ual obl•Jations expire or are discharged or cancelled. 1.10 Employee bene)lts Th8 cost of any unus8d FKAiday 8ntit18Th8nt is r8cognis8d in th8 P8fKMI in which Ihe 8mpltsyee's s8rvTrc8s afy rEc8iV8d. TerminatTon benefits a￿ recognrsed immediately as an expense when Ihe charity is demonstrably cO￿ltted to terminate th8 ernployTnenl of an ernployg& or to prDvide lermination bgnofits. 1.11 Retirement bÈnefrts PaytThnts lo defned contrit￿lI0rn ￿tire11￿1 benefft s¢*emesaro ¢harged 8$ an expense as they f811 due. 30- RELATE NORTHERN IRELAND STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating activities Cash absorbed by operations 22 1109,4891 110,3541 Inve$ting acti￿11*8 Purchase of tangible fiy¢d ass¢ts Investment incorne received 117.0431 249 19,G501 53 Net ¢ash usod in investing a¢tivities 116.7941 19,5971 Financing a￿l¥l￿eS Repayment of bank loans 110,0001 (10,0001 Net cash used In financlng actl¥lligs 110,0001 110.LY)01 Net decrease in cash and cash equivalents 1136,2831 129,9511 Cash and cash equivalents 81 beginning of ye 263.667 293,618 Cash and cash •qui¥al•nts at ènd of yèar 127,384 263,667 31 RELATE NORTHERN IRELAND STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crfiical 4¢¢ounting *$iimat¢s and ludgements In the application of the ¢hariVs 8c¢ounting polro¢s, the Tr￿tte$ are r￿Ul￿d to make judgern¢nts, ¢$timate$ and assumptions about 1he carrying amounl of assets and liablit*s that are nol readily appareni fro￿ other swrces_ The estimates and associated assumptions are based on historical experien￿ other factors that are conshlered to be relevant. A¢iual Igsults may drffor from thes& eslhmat?s. Thp pstimatps And ijndprfying 2