PIPS Hope 81 Support Ltd .IA ¢oinpiiny Iln)ited by guaraiitec, not IiavliJg a sliaro capital) llRECT RS, ANbJUAL REPORT for tho financial yoar ended 31 Marcli 2023 Thg direclors present Ilielr E)Ire¢lors' Annual Roport, aombining Iho Dlrecior8' Roport and Trustees, Report, and the aurllled financlal stalemon1 lor Iho fTrniinclal yoar endod 31 March 2023. Tho financial slalomonls are prepaiod In accordnnao wllh Ihg Companle8 Acl 2006, FRS 102 'The Flnanclal Reporting Stsndurd applic8ble in the UK and Republlc af Ireland" and Accounllng and Reporllng by Charlllas: Slal¢inenl of Rocommondod Praclici oppll¢abl6 lo cliarilies prcparlng their financlal 818lomenls In accordance with the Fliianclal Repoi'llng Standard 8ppllcablg In the UK and R&publlc of Ireland IFRS 1021. Thg Dii'gclors, Repoi'l conleln8 the Iiiformalion roquired lo be provlded In the Direclor8' Annual Report under tho Slaliini¢nl of Rocommcndod Pracllce (SORPI gvldelln8s. Tho dir6clor8 of tho company are also charlly Irusleos for IIIB purpos8 ol oliai'lly law and under the company's conslllullon are known es mombers of the board of InJstees. In tlils roporl Ilie dlreclors of PIPS 14ope & Supporl Ltd present a summary of115 purpos0, governanco, acllvlllo5, aolil¥vemonls and finances for tho finaiiGial fln<iiiclal y8ar 31 March 2023. Tlie coinpany Is a reglslered charlly and l)enc8 Ihg 18port and results ar6 presenlod in a form whlch complies wllh Ilie requlr&mL4nls ol Ilie Coinpanles Acl 2006 and, allliough not obllged lo ccmply with the Slalemenl or Rocoiniiiondod Pi'acllce for Smaller Inllllos Ilhra fRSSEI lolfocllve 1 January 20151, the organlsallon has Implomonlod ils roconimondglionè? whore relevant In thes0 linanclal statemants.
PIPS Hope & Support Ltd IA coiiipany Iliiiile(t hy guaraiitce, iiol liaving a share capilall DDRECT RS, ANNUAL REPORT for tho financial ycar ended 31 March 2023 Rovlow of Acllvltlas. Aclilovoiiieiils and Porfoi'inan¢¢ Good eveiilnll everyone and Ihank yau for yaur allondanco Ilils ev&nlng al the AGM. As you alroady knaw, Ihl$18 Ihg 20th annlvorsary of PIPS14ap(J & Support, formerly PIPS Newry & Mourna. Consequenlly, you'll forilvo mg If Ihls address somewlial rotTecllve In nalure. Bul befoi'e I bogin, I'd Ilko lo IhAnl< Deldra Magill for h&r conllnuad support, not lust In annually chalrlng Ihe AGM, bul In her Conllnued commllmtsnt and Ioy811y lo the organlsallan. Delrdrg, you INly arg iiivaluable. Wlial would we do wllhoul you. I would 81s0 like lo11i8nl( our fund8r5, Iho Pl.IA whlch has beGn & slrong supporlor of our sorvlce both flnancially and In lorms of criliGal ovaluallon, tho SHSCT for Ilielr past fundlno and for the Inlolleclugl support provldod through ¢10sg collaborallve worlllng 8rrangement8 bolweon thoir slafl and ours. I'm dellghled lo be In Ihts envlablo po8lllon of rocognlslng and Ihanl(Ing a now fundor, th• Blg Lollery Fund under the auspices ol tho Mental Health Support Fund aiid flnally CDHN for provldlng fundlng Ihmugh tholr BCCP fundlng. I do 8150 wanl lo recogni89 Ihg ¢onlribullon lo PIPS organisalion from a range of volunlary and slalulory sector partner8, bul In partloular, Acllon Mental H@allh. 11 would bo romlss of me not lo Include the local communlllo8 of Newry & Mourne and tho ABC council area lor Ihelr coiilinuod support through a varioly of Imaglnallve fundralslng Inlllalivos Including, local bu51ness and benefactors. l also wlsh lo thank D81y Park A8soclales for the excallgnl supporl Ilioy offor In provldlno tho annual account8. You ar6 all amazlng, Flnelly, I want lo acknowlodge th8 hard work, passlon and comirllmtsnl of $98mu8 and hls staff and Iha board of dlr$¢lors for Ih8lr advlce and exper115e. Updalc on ongolng dovelopmenls Seanius Will provldtr a more In-d&plh brl8fing In his preÉenlallon bul I wanted to lake tliis opporlunily lo menlion 8 few Ihlngs IhEJI liavo boen hluhllgliled In prevlous AGMS. Flrslly, the WELL-Bean CEJfo has bodded In ond conllnues to provlde a safe welcoinlng refuge for pooplo Sn emollon81 dislress, 85pocially 81 woekands. Wa aro fln8llslnu dlscu5slons with tho PSNI Ejiid NIAS rogardlng onw8rd roforrallslgnposllng for Ihosfy people Ihay Inl8racl wllh, whoso n8odG mlght b& bost mot wlthln tho WELL-Beon cafè onvlronment. Wo are continuing lo dovelop our Earvlc85 wllliln 1Sie UppGI' Bann area v18 our olfice In Lurgan. The n88d wiihln Ihul oroa15 ovSdonl tsrid we unllclpale furthor 60rvlc8 devolopmBnls lo Ineot growSng demand. You wlll rec811 lasl yothr thal I menlloned ongoing worl( In relallon lo restruclurlng Ilie orggnlsallon lo ensure It roniEJlnts vIEJhlo In terms of approprlolo staffing, finances @nd. Importantly, good govomanc9 E)rrangem8nls. Wa hEJVQ concludod that process vla 11)8 8ppolnlmonl ol a numbor of In-hous8 counsallors who will meet almost 1000/0 of the organlsa11onB no@ds ro 11181 service. We hovo also compleled our slralgglc plan for Ihe organlsulion whlGh InGludes systems lor monlloi'liig prourg55 agaln81 staled oblocllvos ovar tho noxl fow yoars. N¢w Iiillidllva8 You Can never accuse PIPS Hopo & Support of rosling on Il'8 laurels. We aro currently developlng a bu51noss plan ro Ilie croalion of a soclal enterprlso dovclopmenl ullllslng lh& W811.Boan Cafe preml$e8 during th8 dAys th8111 Is not In USB as Iho crisis cufe. Our hop8 15 to opon 118s a oommerolal cafe for use by Ihg publi¢. We plan lo wor]< In parlner81ilp wllh a local monlal hoallh organlsatlon lo provld8 apprenllcoshlps for peoplo wllh endurlng men181 health Issues enabllna them lo ro-6nler the workplac8. 11 is also Inlended that the cafe wlll go some way lowards generallng Income lo ollsel 1110 costs of the ¢rlsl8 colo. As menlloned already we fore5¢o, al some polnl, doveloplng servlces wllhin the ABC council area and are acliv61y exploi'lng ways lo replicalo tho orfsls cafe mod@1 close lo the CAH slle. Hore's hoplng, l am 5topplng down In the rolo of chalr Ihls year, maklng way for new blood. I want to say how prfvlleged I havg bean lo havo hold Ilie office lor lh9 pasl number of yoars. I'm quité sure my successor wlll com@ lo Ihg role with fre8h enlliuslasm and onergy, Than1< you lo all of you who have supported me as ¢halr of PIPS. I'm most grateful. Flnally, I would lilfo lo l81<e Ilils OPPOrtunlly lo thank you 811 for oltendlng our AGM and agaln Delrdra Maglll. for chalring Ihls evening's proceedlngs, Delrdro rvmalns 8 groat frlend Mnd advocato for PIPS Hopu dnd Support. Fillaiicitsl Revlew The financial slalomonls are presented In Ili¢ standard formal requirod by the Companiès Acl 2006 and the Gharilles SORP. The Slalemanl ol Flnanclal Aclivliles ISOFAI shc)ws the gros8 Inoomo from all ¥ources. Fina11elal Rosults Al the end of Ilio lindncial year the company lias assels of £725,065 (2022 - £787,953) and liabilities of £70,434 12022 - £70,915). Tlio ncl assets of the company Iiave docreased by £{62,4071.
PIPS Hope & Support Ltd IA ¢OlnP£iny liiiiiled by gLiaiaiitoo, not Iiaviiig a sliaro cipltall ECTORS. ANNUAL REPORT for the linancial yoar cndod 31 MarGh 2023 Rosoiwo¥ Po511ioii and Poli¢y 11 is Ihe policy of the charily Ihal Ilquid unreslricled reserves which liave not been dtsslgnaled for 8 particular purpos6 should bo malnlalned al a levol lo onsura that, In tho ovenl of a slgnlflcanl drop In fundlna, we wlll bg abl¢ to sustaln tha aharily's aurronl aclivilios whilo ¢onsld&rallon Is givon lo ways In whlch additional funds may ba r&ls&d. 11 Is 8 51raleoi¢ oblocllve of Ilie charlly lo hold a mlnlmum unreslricled Slquld roseNes fund arnounting lo 6 rnonllis of runnlng c0518, whl¢h would enir blo tho charlly lo suslaln In challeiiglng Ilme8 and conllnue lo oper81e wllhoul olhtsr 50uroos ol incomo. The Tru8lees regularly revlew tliG lavol of Ilquld re8erves hold by the oharlly and conslder opporlunlllès lo apply them In Ilne wllli, and in furlli8ranco of, ils cliarllable oblGcIIvo3. Rofoi'enco arid Admliiistl'lr tivo dotalls Saci'olary Eoin Dully Chalrpoi'son Palricla Trainor Treasuror Louis¢ Campb611 Dlroctors The dlreclors who 8eNed Iliroughoul the flnanclal yaar, except as noted, wero as follows: Palrlcl¢l Tralnor Eoln Dully B&rnBy McNo&ny Louise Mary Cainpboll Malcolm Rob8rl Knox Tr8cay Tool(py aeraldine MGlrilyre (Appolnlod 23 December 202?.) Aoile Jonnlng8 IRoslgned 15 Jun& 20221 In accoi'danco willi Iho CoiislSliillon, Iho direclJrs rollro by rolallon and, br)Ing ellglblo, 011gr Ihemselv8s for ra- leGllon. Tlia secrolary wlio 5oNad durlng the flnanalal year was.. Eoln Duffy Coixi)Ilaiico willi SoGlor.Wldo Loulslatioii aii(i Stnndards Tho coimpany LAnguges pro-aclivoly wllli legl lalion, sl8iidards and code8 whloh are dovoltsped for the soclor. PIPS Hop8 & Support Lld sub8cribos lo and 58 compliant wlll) Ilie followlng., Tli8 Cornpanlos Act 2006 Audllor8 Daly Park & Company Ltd, Icharlorcd Accounianlsl, wer@ appolnlcd audilors by the dlreclors lo flll the casual 'vacancy and Ilioy hav@ expressed Ilioli. willingness lo Gonllnuo In olflca In ec¢ordanog wllh the provislons ol Secllon 485 of Iho Compdrile8 Aot 2006. Ai)provod by tlio Boaril of Diroctors 011 20 Novcmbor 2023 and slgned on Its bohalf by: Pati'icia Ti'aliior Dlrector Eoin Duffy Dii'eclor