Company Number- Nl 609642 Charity Number: NIC102127 PIPS Hope & Support Ltd IA company limited by guarantee, not havlng 8 Share capltall Annual Report and Audited Financial Statements for the financial year ended 31 March 2023 Daly Park & Company Ltd Chartered Accountants and Registèrèd Auditors 6 Trevor Hill Newry Co. Down BT34 1DN Northern Ireland
PIPS Hope & Support Ltd IA company Ilrmtted by guarantee, not havlng a share ¢apitall CONTENTS Page Referen and Administrative Information Directors, Annual Report Statement of Directors, Responsibilities Independent Auditovs Report 8-10 Statement of Financial Activities Balance Sheet 12 Accounting Policies Notes to the Financial Statements 14-18 Supplementary Information relating to the Flnancial Statements 20
PIPS Hope & Support Ltd (A company limited by guarantee. not having a share pItal) REFERENCE AND ADMINISTRATIVE INFORMATION Directors Patricia Trainor Eoin Duffy Barney MGNeany (Resigned 4 July 2023) Louise Mary Campbell Malcolm Robert Knox Tracey Tookey Geraldine MGlntyre (Appointed 23 December 2022) Aoife Jennings (Resigned 15 June 2022) Chalrperson Patricia Trainor Company Secretsry Eoin Duffy Charity Number in Northern Ireland NIC102127 Cornpany Number NI 609642 Registered Office and Prlnclpal Addre88 50 Mill Street Newry Co. Down BT34 2DE Northern Ireland Audltor8 Daly Park & Company Ltd Chartered Accountants and Registered Auditors 6 Trevor Hill Newry Co. Down BT34 1 DN Northem Ireland Banker8 First Trust Bank 4244 Hlll Street Newry Co. Down BT341AU Northern Ireland
PIPS Hope & Support Ltd IA company Ilmlted by guarantee. not having a share capital) DIRECTORS. ANNUAL REPORT for the financial year ended 31 March 2023 The directors present their Directors. Annual Report, combining the Oirectors, Report and Trustees, Report. and the audited financial statements for the financial year ended 31 March 2023. The financial statements ar8 prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicab18 in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Pradice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Directors, Report contains the information required to be provid&d in the Directors, Annual Report under the Statement of Recommended Practic8 (SORP) guidelines. The directors of the company are also charity trustees for Ihe purpose of charity law and under the cornpany's constitution are known as members of the board of trustees. In this report the directors of PIPS Hope & Support Ltd present a summary of its purpose, govemance, activities, achievements and finances for the financial financial year 31 March 2023. The company Is a r8gister8d charity and hence the report and results are presented in a form which comp118s wlth the requirements of the Companies Act 2006 and, although not obliged to cornply with the Statement of Recommended Practice for Smaller Entities (Ihe FRSSE) (effective 1 January 2015), the organisation has implemented its recommendations where relevant in these ffinancial statements.
PIPS Hope & Support Ltd IA company Ilmtted by guarantee, not havlng a share capital) DIRECTORS. ANNUAL REPORT for the financial year ended 31 March 2023 Revlew of Activities. Achievernents and Perfonnance Good evening everyone and thank you for your attendan this evening at the AGM. As you already know, this is the 20th anniversary of PIPS Hope & Support, formerly PIPS Newry & Moume. Cons8quenlly, you'll forgive me if this address is somewhat reflective in nature. Bul before I begin, I'd like to thank Deidre Magill for her continued support, not just in annually chairing the AGM. bul in her continued commitment and loyally to the organisalion. Deirdre, you truly are invaluable. What would we do wilhoul you. I would also like lo thank our funders, the PHA which has been a strong supporter of our service both financially and in terms of critical evaluation, the SHSCT for their past funding and for thg intellectual support provided through close collaborative working arrangements befvoeen their staff and ours. I'm delighted lo be in the enviable position of recognising and thanking a new funder, the Big Lottery Fund under the auspices of the Mental Health Support Fund and finally CDHN for providing funding through their BCCP funding. I do also want to recognise the contribution to PIPS organisation from a rang8 of voluntary and stslutory sector partners, but in parti¢ular, Action Mental Health. 11 would be remlss of me not to include the local communities of Newry & Mourne and the ABC council area for their continued support through a v8ri&ly of imaginative fundraising Initiatives includlng, local business and benefactors. l also wish lo thank Daly Parf( Associates for the excellent support they offer in providing the annual accounts. You are all amazing. Flnglly. I want lo acknowledge the hard work. passion and commllmenl of Seamus 2nd his staff and the board of directors for their advice and expertise. Update on ongoing developments Seamus will provid8 a more in-depth bri8fing in his pr8S8nlalion but I wanted lo take this opportunity lo mention a few things that have been hlghllgh16d in prèvious AGMS. Firstly, the WELL-Bean Cafe has bedded in and continues lo provide a safe welcoming refuge for people in emotional distress, especially al weekends. We are fin81ising discussions with the PSNI and NIAS regarding onward referrallsignposllng for those people they interact with, whose needs might be best mel within th8 WELL-Bean cafe envlronmenl. We are continuing lo develop our services within the Upper Bann area via our office In Lurgan. The need wlhin that area is evident and we anllclpale further service developments to meet growlng dem8nd. You wlll ¢811 18sI year that I mentloned ongolng work in relation to reslrucluring the tsrganisalion to ensure il remains viable In terms of approprlale staffing, fln8ncas and, Importantly, good governance arrangements. We have oncluded that process via the appointment of a number of in-house counsellors who will meet almost 1000/0 of thè organisalions needs re that service. We have also completed our strategic plan for the organI8alion which includes systems for monitoring progress against staled objectives over the next few ye8rs. New Inilialives You can never accuse PIPS Hop& & Support of resting on its laurels. We are cuThently d8v8loping a buslnes8 plan re the creation of a social enterprise development ulilising the Well-Bean Caf& premises during the days that it is not in use as the crisis cafe. Our hope is to op8n il as a commercial cafe for use by the public. We plan to work in partnership wllh a local mental health organisation lo provide apprenliceshlps for people with enduring mental health issues enabling them lo re-enter the workplaco. It is also intended thét the cafe wlll go some way towards generating income lo offset the costs of the crisis cafe. As mentioned already we fosee. 81 some polnl. developlng setvice8 within the ABC council area and are actively exploring ways lo replicate the Grisis cafe model ¢lose lo the CAH sile. Her&'s hoping. l am stepping down in the role of chair this year, making way for new blood. I want lo say how privlleged I have been lo have held the office for the past number of years. I'm quite sure my successor will come lo the role with fresh enthusiasm and eneryy. Thank YOLJ to all of you who have supported me 88 chair of PIPS. I'm most grateful. Finally, I would like lo take this opportunity lo thank you all for attending our AGM 8nd again Deirdre Magill, for chairing this evening's proceedings. Deirdre remains a great friend and advocate for PIPS Hope and Support. Financial Review The financial statements are presented in the standard formal required by the Companies Act 2006 and the Charities SORP. The Stslemenl of Financial Activities ISOFAI shows the gross income from all sources. Financial Results At the end of the finanaal year the company has assets of £725,065 12022 - £787,953) and liabilities of £70,434 12022 - £70,915)- The net assets of the company have decreased by £162,407).
PIPS Hope & Support Ltd IA company limiled by guarantee, not h2vln9 a share ¢opltall DIRECTORS. ANNUAL REPORT for the financial year ended 31 March 2023 Reserves Position and Policy 11 is the policy of the charity that liquid unreslricled reserv&s which have not been designated for a particular purpose should b8 maintained al a level to 8nsur8 that, in the event of a signlficanl drop in funding. we will be able lo sustain the charity's current activities while consideration is given lo ways in which 8ddilion81 funds may be raised. 11 is a strategic objective of the charity lo hold a minimum unreslricled liquid reserves fund amounting lo 6 months of running costs, which would enable the charity to sustsin in challenging tim8s and continue lo operate w4lhoul other sources of income. The Trustees regularly review the level of liquid reserves held by the charity and consider opportunities lo apply them in line with. and in furtherance of, its charitable objectives. Reference and Admlnistrative detai15 Sscretsry Eoin Duffy Chairper80n Patricia Trainor Treasurer Louise Campbell Dlreclors The directors who served throughout the financial year, except as noted, were as follows: Patricia Trainor Eoin Duffy 8arney McNeany Louise Mary Campbell Malcolm Robert Knox Tracey Tookey Geraldine Mclnlyre (Appointed 23 Dec&mb8r 20221 Aoife Jennings (Resigned 15 June 20221 In accordanc8 wlh the Conslilulion, th8 directors retire by rotation and, being ellglble, offer themselves for re- alaclion. The secretsry who setved during the financial year was.. EoSn Duffy Compliance with Sector-wide Legislation and Standards The company engages pro-actively with legislation, standards and codes which arè developed for the sector, PIPS Hope & Support Ltd subscribes lo and is comp1iènl with the following.. Tha Companies A¢t 2006 Auditors Daly Park & Company Ltd, Ichartered Accountsnlsl, were appointed auditors by the directors lo fill the casu81 Vacancy and they have expressed their willingness to continue in offi'ce in a¢eord8nce with the provisions of Soclion 485 of the Companies Act 2006. Approved by the Board of Directors on 20 November 2023 and slgned on Its bghalf by: Patricia Trainor Dlrèctor Eoin Dlaffy Director
PIPS Hope & Support Ltd IA company Ilmited by guarantee, not having a sharè capital) STATEMENT OF DIRECTORS. RESPONSIBILITIES for the financial year ended 31 March 2023 The directors are responsible for preparing the financial ststemenls in accordance wth applicable law and regulations. Company law requires the directors lo prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial slalemenls in accordance with United Kingdom Generally Accepted Accounting Practi (United Kingdom Accounting Standards and applicable lawl "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company Saw the directors must not approve the financl81 statements unless they are satisfied that they give a true and fair view of the stsle of affairs of the company and of the net income or expenditure of the company for that period. In preparing these financial slalemenls. th& directors are requir6d lo.. selaGI sultable accounting policies and apply them consisl8nlly., observe the methods and principles in the Charities SORP make Judgements and estimates that are reasonable and prudent., stale whether the financial statements have been prepared In accordance with the relevant financial reporting framework. identify those stsndardg, and note the effect and the reasons for any material departure from those standards,. and prepare the financial slat&menls on the golng concem basis unl8SS It is inappropriate lo presume that the company will conb'nue in operation. The dlreclors are responsible for keeping adequate accounting records that are sufficient lo show and explain the company's transactions and disclose with reasonable accuracy al any lime the financial position of the company and enable them to ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for laklng reasonable steps for the prevenllon and detecllon of fraud and other irregularities. In so far a8 the dlreclors are aware.. there is no relevant audit information linformalion needed by the company's auditor in GonneGtion with preparlng th8 audilorfs report) of which the company's aud11or is unaware, and th& dlreclors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audll information and to establish that the company's auditor is aware of that inform81ion. Approved by tha Board of Directorg on 20 November 2023 and signed on Its behalf by: Patrlcia Trainor Diractor Eoin Duffy Dlrector
INDEPENDENT AUDITOR'S REPORT to the Members of PIPS Hope & Support Ltd IA company limited by guarantee. not having a share capital) R8port on the audit of the financial statements Opinion We have audited the company financiel slalements of PIPS Hope & Support Ltd I'lhe company'l for the financial year ended 31 March 2023 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Accounll, the Balance Sheet and notes lo the financial stslemenls, including the summary of significant accounting policies set out in note The financial roporting fr8m8work that has b8en appliad in Ih8ir preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their aocounls in accordance with FRS 102. In our opinion, when reporting in accordance with a fair presentation framework the financial slatemenls.. give a true and fair view of the slate of the company's affairs as al 31 March 2023 and of its deficit for the financial year then ended.. have been propedy prepared in accordance with United Kingdom Generally Accepted Aocounting Practi., and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial slalemenls section of our report. We are independent of the cornpany in accordance with ethical r&quir8menls that are relevant lo our audit of the financial slalem6nls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our olh6r alhical r8sponsibililies in accordance with Ih&s& requirements. We belleve that the audit evidence we have ob18ined is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In 8udiling the financial statements, we hav? Gonoluded that the directors, use of the going Goncern basis of accounting in the preparation of the financial slalem8nts is appropriate. Based on the worf( we have performed, we have nol identified any material uncertainties relating to events or conditions that, individually or collectively. may ¢ast significant doubl on the company's ability to continue as a going concern for a period of al least e1ve months from the dale when the financial slalements are aulhorised for issue. Our re8ponslbllllSes and the responsibilities of the directors wllh respect to going concern are described In th8 relevant 8eclions of this report. Other Informatlon The other Informallon comprises the information included in the annual report other than the financial statements and our Auditor's Report th8r80n. Th8 directors 8re responsible for the other informalSon contained wlthln the annual report. Our opinion on the financial statements does not cover the other information and, except lo the exlenl othorwiso explicitly slated in our report, we do not express any form of assurance conclusion Iher&on. Our responsibility is lo read the other Inform81ion and, in doing so. consider whether the other information is materially inconsistent with the financi81 $18lemenls or our knowledge obtained in the course of the audit, or otherwise appears lo be malorially misstated. If we identify such material inconsistencies or apparent materlal misslatemenls, we are required to determine whether this gives rise to a material misstslemenl in the financial st8lemenls themselves. If, based on the work we have performed, we conclude that there is a material misslalemenl of Ihls other Informatlon, we are requlred to report that fact. We have nothing lo report in thls regard. Opinion on other rnatter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Directors, Annual Report for the financial year for which the financial stslements are prepared Is conslslenl with th8 financial ststemenls., and the Directors, Annual Report has been prepared in accordance with applicable legal requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of PIPS Hope & Support Ltd IA cownpany liThlted by guarantee, not having a sharg capital) Matters on which we are required to report by exceptlon In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit. we have not identified material misstslements in the Directors, Annual Report. We have nothing to report in respect of the following matters where th8 Companies Act 2006 requires us to report to you it. in our opinion.. adequate accounllng records have not been kept,. or the financial slalemenls are not in agreement with thè accounting records and return8- or certsin disclosures of directors, rernuneralion spectfied by law are not made., or the directors were not entitled to prepare the financial slalemenls in accordance with the small companies regime and lake advantage of the small ¢ompanies' exemption in pparIng the Directors, Annual Report. Responsibilities of directors for the financial statements The direclors are responsible for the preparation of ihe financlal slal8mgnts and for being satisfied that they glve 8 true and fair view, and for such internal control as they determine is necessary lo enable the preparation of financial statements that are free from malerlal misslatemenl, whether due to fraud or error. In preparlng the flnanclal stslem&nts. the directors are responsible for asse%sing the company's abillly lo continue as a going concem, disclosing, as appllcable, matters related to going concern and using the going concern basis of accounting unless management elther intends lo liquidate the company or to cease operations, or has no r8alistic allernalive but to do so. Auditorfs responslbllltles for th8 audit of the flnanclal statements Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free from material mlsslatement, whether due to fraud or error. and lo issue an Auditor's Report that Includes our oplnion. R&asonable assurance is a high lavel af assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstalemenl when it 8xisls. Misslalemenls can aris8 from fraud or error and are considered material if. individually or in the aggrcgale, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slalements. Irregularities, including fraud, ar& Instances of non-comp5iance with laws and regulations. We deslgn procedures In line with our responsibiS11ies, outllned above. to delecl material misstatements in respect of irregularilie8, includina froud. The exlenl lo which our procedures are capable of detecting irregularilles, Including fraud is dètailed below.. Furthgr information regardlng the scope of our responsibilities as audltor As part of an audll In accordanc& with ISAS IUKI, we exercise professional judgement and malntsin professional sceplicism throughout the audit. We also.. Identify and assess the risks of material rnisslatemenl of the whether du& to fraud or error, design 2nd perform audit procedures responslve lo those risks, and oblaln audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not delectlng a material misslalement resulting from fraud Is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions. misrepresenlalions, or the override of internal control. Obtain an understanding of Internal control relevant to the audlt In order lo dosign audit procedur88 that are approprlate in the circumstances, bul not for the purpose of expressing an opinion on the effectiveness of th8 company's internal control, Evaluate the appropriateness of accounllng polScies usad and the reastsnablene8s of accounting estimates and related disclosures made by directors. Conclude on the appropriateness of the directors, use of the going concern basis of accounting and, based on tho audil eviden¢e obtained, whether a malerlal uncertainty exists related to events or conditions that may cast significant doubl on the company's abilty to ¢onlinue es a going coNceTn. If we conclude that a material uncertainty exists. we are required to draw allenlion in our Audilorfs Report to the related disclosures in the rinancial statements or. if such dlsclosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or condits'ons may cause the the company to cease to continue as a going concern. Evaluate the overall psentatIOn, structure and conlenl of the financial stalemenls, including the disclosures, and whether Ihe financial statements represenl the underlying transactions and events in a manner that 8chieves fair presentation.
INDEPENDENT AUDITOR'S REPORT to the Members of PIPS Hope & Support Ltd IA ¢ompany limited by guarantee. not havlng a share capital) We communicate with those charged with govemanco regarding, among other mallers, the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. The pury)ose of our audit work and to whom we owe our responsibilities This report is made solely lo the company's members, as a body, in 8ccord8ncè with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale lo the company's members those mallers we are required to slate to them in an audilovs report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility lo anyone other than the company and the company's mèmbers as 8 body, lor our audit work, for this report, or for the opinions we have formed. Darragh Co FCA (Senior Statutory Auditorl for and on bèhalf of DALY PARK & COMPANY LTD Chartered Accountants and Registered Auditors 6 Trevor Hill Newry Co. Down BT34 1DN Northern Ireland 20 November 2023
PIPS Hope & Support Ltd IA company limited by guarantee, not havlng & share capltall STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expenditure Accountl for the financial year ended 31 March 2023 Unrestricted Funds 2023 Total Unrestricted Funds 2022 Total 2023 2022 Notes Incomlng Resources Voluntary Income Charitable activities Granls from governments and other co-funders 215,465 215.465 214,846 214,846 407,694 407.694 446,695 446,695 Total incoming resources 623,159 623.159 661,541 661.541 Resources Expendèd Ralsing funds Charitable activities 11,230 674,336 11,230 674,336 13.197 455,017 13,197 455,017 Total Resources Exp8nd8d 685,566 685,566 468.214 468,214 Net incomingloutgoing r8sourc8s befora transfers Gross transfers between funds 162,4071 162,4071 193.327 193,327 Net movement In funds for the flnanclal year 162,4071 162.4071 193,327 193,327 Rgconclliation of funds Balances brought fOard a11 April 2022 14 717,038 717,038 523.711 523,711 Balances carrled forward at 31 March 2023 654.631 854,631 717,038 717,038 The Slalement of Financlal Activities iNclud8s all gains and losses recognised in the flnanclal year. All income and expendlture relala to continuing aclivilies. The notes on pages 14 to 18 forrn part of the financial statements
PIPS Hope & Support Ltd IA company limit&d by guarantee, not havlng a share ¢apttall Company Number- Nl 609642 BALANCE SHEET as al 31 March 2023 2023 2022 Notes Fixed Assets Tangible assets 246,420 250,988 Current Assets Debtors Cash al bank and in hand 10 1,206 477,439 668 536.297 478,645 536.98S Cradltor8'. Amounts falllng due within one year 11 170,4341 {59,6331 Net Current Assets 408,211 477,332 Total Assets lèss Currènt Llablllties 654.631 728,320 Creditors Amounts falling due after more than one year 12 111,2821 Net Assgts 654,631 717,038 Funds General fund {unreslri¢t8dl 654,631 717,038 Total funds 14 654,631 717,038 These financial st8tcm8nls have been prepared In accordancè wlth the Special provisions relating lo small companies within Part 15 of the Companies Act 2006. Approved by the Board of Directors and authorlsed for Issue on 20 November 2023 and slgned on Its behalf by Patricia Tralnor Dlrector Eoin Duffy Dlrector The note5 on pages 14 to 18 form part of the financial statements 12
PIPS Hope & Support Ltd IA company limlted by guarantee, not havlng a share capltall ACCOUNTING POLICIES for the financi21 year ended 31 March 2023 Basls of preparation The financial statements have been prepared under the historical cost convention and In accordance with the Companies Act 2006 and Part 8 of the Charities Act INorthem Ireland) 2008. They also compty with the Charities SORP leffeclive January 20151 and with the financial reporting standards. The following accounting poliaes have been applied consislenlly in dealing with items which are considered material in relation to the company's finanaal stalemenls. Cash flow statement The company has availed of the exemption in FRS 1 from the requirement to produce a cash flow ststement because il is classified as a small company. Incoming Resources Voluntary income or capital is included in the Statement of Finan¢ial Activities when Ihe company is legally enlilled tts St, Its financial value can be quantified with reasonable certainly and Iherg is reasonable c&rta1nly of 118 ultimate receipt. Entillemenl to legacies is considered established when the company has been notified of a dislributs'on lo be made by the executors. Income received Sn advance of due perfomance under a contract is accounted for as deferred income until eamed. Grants for activities are recognised as Income when the related conditlons for legal onlillemenl have been met. All other income is accounted for on an accruals basis. Resourcès Expènded All resources expended are accounted for on an accruals basis. Charitable acllvities include costs of services and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising aclivilies. Non-slaff costs not allribulad lo one category of activity are allocated or apportioned pro-rala lo the staffing of th8 rel8vanl service. Finance, HR, IT and adminislralive staff costs are directly allribulable lo Indidual activitles by objèctive. Governance costs are those associated with constitutional and slalulory requirements. Tanglblo fixed assets and depr•Giation Tangible fixod assets are slated 8t cost or 8t valuatSon, less accumulotod depreciation. The charge lo depreclatlon Is calculated lo write off the original cost or valuation of tangible fixed assets, less their &slimal8d residual value, over their expected useful lives as follows.. Land and buildings freehold Flxlures. fittings and equipment 2Q/o Slralghl Ilne 200/. Stralghl line Taxation Deferred lax Is recognised in respect of all liming differences that have originated bul not reversed al the balance she81 dale where transactions or events have occurred al that dale that will result in an obligation to pay more tax in the future. or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable income and ils results as slated in the finanaal slalemenls. Deferred lax Is measured on an undiscounted basis at the tax rates that are anlicipaled to apply In the periods in which the liming differences are expecla(i lo reverse, based on lax rates and laws that have been enacted or subslanlively enactad by th8 balance sheet date.
PIPS Hope & Support Ltd IA company limited by guarantee. not having a shar6 capital) NOTES TO THE FINANCIAL STATEMENTS for the finanaal year ended 31 March 2023 GENERAL INFORMATION PIPS Hope & Support Ltd is a company limited by guarantee incoTporaled in Northern Ireland. The registered office of the company is 50 Mill Slreet, Newry, Co. Down. BT34 2DE. North8m Ireland which is also the prinoipal place of business of the company The financial slalements have been presented in Pound Sterling 1£) which is also the functional currency of the company. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 Public Health Agency Action Mental Health Newry & Mourne District Councll - Amortised Grant Income Comrnunlty Foundation Main Grants CDHN SHSCT- WB Cafe 47,844 70,845 821 47,844 70,845 821 47,106 61,815 821 49,285 13,130 2,400 31,140 49,285 13,130 2,400 31,140 49,285 9,600 46.219 215,465 215,465 214,846 CHARITABLE ACTIVITIES Unrostricted Rostrlcted Funds Funds 2023 2022 Training Income Fundraising & Donations Giving.com Rènt Received 28 361,552 45,637 477 28 361,552 45,637 477 3,000 331,111 112,584 407,694 407,694 446,695 EXPENDITURE RAISING FUNDS Dlract Costs Other Costs Support Costs 2023 2022 Professional Fees Advertislng & Promotion Website & IT Costs 2,871 2,871 4.391 3,968 6,472 3,952 2,773 4,391 3,968 4,391 6,839 11.230 13.197 14
PIPS Hope & Support Ltd IA company Ilmtted by guaranteÈ, not having a share ¢apitsll NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Audit Fees Bank & Loan Charges Depreciation Incurred Fundraising. Counselling & Training Cos Wages & Salaries General Expenses Office Utllities & Other Rent, Rala$ & Insurance 3,375 2,317 3,375 2,317 8.461 192.582 3,350 2,706 8,218 129,551 8,461 192,582 369,780 369,780 31,376 33,983 32,462 249.494 23,954 24.570 13.174 31,376 33,983 32,462 562,362 8,461 103.513 674,336 455.017 SUPPORT COSTS Cost of Charltable Ralslng Actlvltles Funds 2023 2022 Support Costs Governanc8 Costs 6,839 74,744 28,769 81,583 28.769 54,296 22,703 6,839 103,513 110,352 76,999 ANALYSIS OF SUPPORT COSTS 2023 2022 Support Costs Governance Costs 81.583 28.769 54,296 22,703 110.352 76.999 NET INCOMING RESOURCES 2023 2022 Net Incomlng Resourc8s aro Stated aftgr Chargingllcredltlngl: Depreciation of téngible assets Grnnls recelvable recelved Amortlsatlon of grants reoeivable 8,461 {214,6441 18211 8,218 1214,025) 1821) INVESTMENT ANO OTHER INCOME 2023 2022 Amortisation of c8pi181 grants received Revenue grants received 821 214,644 821 214,025 215,465 214,846 INTEREST PAYABLE AND SIMILAR CHARGES 2023 2022 On bank loans and overdrafts 984 1,088 15
PIPS Hope & Support Ltd IA company limiteil by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 EMPLOYEES AND REMUNERATION Number of employèas The average number of persons employed {including executive dirÈetorsl during the financial year was as follows.. 2023 Number 2022 Number Ch8ritsble Activities Aanagemenl & Adminislralion of the Charity 10 10 20 Tha staff costs comprise.. 2023 2022 Wages and salaries Pension costs 359.197 10.583 241,719 7.775 369,780 249.494 TANGIBLE FIXED ASSETS Land and Fixtures, bulldlngs flttlngs and fr09hold aqulpment Total Cost Al 1 April 2022 Additlons 276,983 34,233 3,893 311,216 3,893 At 31 March 2023 276,983 38.126 31S,109 Depreclatlon Al 1 April 2022 Charge for the fi'nancial year 36,705 5,540 23,523 2,921 60,228 8,461 Al 31 March 2023 42,245 26,444 88,689 Nat book valu• Al 31 March 2023 234,738 11.682 240,420 At 31 March 2022 240,278 10,710 250,988 10. DEBTORS 2023 2022 Prepayments and accrued income 1,206 668
PIPS Hope & Support Ltd IA company limlted by guarantee, not having a share ¢apitall NOTES TO THE FINANCIAL STATEMENTS Continued for the financial year ended 31 March 2023 11. CREDITORS Amounts falling due within one year 2023 2022 Bank loan Trade creditors Other CrlIOrS Accwals and daferred income 12,267 15,292 508 42,367 12.573 2,899 973 43,188 70.434 59,633 12. CREDITORS Amounts falllng du8 after more than one ygar 2023 2022 Bank loan 11,282 Repayable in one year or less, or on demand (Note 111 Repayable between two and five years 12,267 12,573 11,282 12,267 23,855 13. RESERVES 2023 2022 Al 1 Aprll 2022 (Deficilllsurplus for tha financial year 717.038 162,4071 523,711 193,327 Al 31 March 2023 654.631 717,038 14. FUNDS 14.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlctad Funds Total Funds Al 1 April 2021 Movement during the financial year 523,711 193,327 523,711 193,327 Al 31 March 2022 Movement during the fln8nclal year 717,038 {62,407) 717,038 162.4071 Al 31 March 2023 654631 654,631 14.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2022 Income Expenditure Transfers between funds Balance 31 March 2023 Unrestrlcted funds Unrestrided General 717,038 623,159 685,566 654.631 Total funds 717,038 623.159 685.566 654,631
PIPS Hope & Support Ltd IA company limited by guarantee, not havSng a share capltall NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 Mar¢h 2023 14.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charlty use Current assets Current liabilities Total Unrestricted general funds 246,420 478,645 {70,4341 654,631 246,420 478,645 {70,4341 654,631 15. STATUS The company is limited by guarant&8 not having a Sha capital. The liability of the members is limited. Every member of the company undertakes lo contribute lo the assets of the comp8ny in the event of ils being wound up while they are membeTS, or within one year thereaftar, for the payment of the debts and liabilities of the company contracted before they ceased lo be members. 8nd tho costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required. not exceeding £ 1. 16. POST-BALANCE SHEET EVENTS There have been no significant events aff8cllng the Charlty sincg th8 financlal y8ar-end. 18
PIPS HOPE & SUPPORT LTD IA company limit8d by guarantee, not havlng a share cap5tall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 NOT COVERED BY THE REPORT OF THE AUDITORS 19
PIPS Hope & Support Ltd (A company limited by guarantee, not havlng a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 March 2023 2023 2022 Income 407.694 446,695 Cost of generating funds W8ges and salaries 359,197 241,719 359,197 241,719 Gross surplus 48,497 204,976 Expenses Staff dgfined wnlrfbulion pension costs Rent payable Rates Insuranc8 Counselling Supervision Training Expenses Fundraising Expenses Light and hoal Repairs and maintenance Printing, postag8 and stationery Advertising Telephone Computer costs Travelling and enlertalnmenl Legal and professional Consultancy fees Accountancy Bank charges Canteen General expenses Subscripllons Deprfjciation 10,583 20,381 5,802 5,741 136,463 14,700 41,319 6,720 10,795 7,556 4,391 9,450 3,968 9,960 1,246 1,625 3,375 1,823 4,500 2,194 14,332 8,461 7,775 8.971 361 3,842 79.217 6,602 43,732 3,510 10,573 6,104 3,952 4.383 2,773 5.329 1,180 5,292 3.350 1,618 2,024 4,485 12,116 8,218 325.385 225,407 Finance Other interest 984 1,088 Mlscellaneous Income Amortisalion of capital grants received Revenue grants reiVed 821 214,644 821 214,025 215,465 214,846 Net Ideficit}Isurplus 162,4071 193.327 The supplementary infomalion does not form part of the audited financial statements 20