PIPS Hope & Support Ltd IA company Ilmited by guarantee, not liaving a sliare capital) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Income and Expeiiditure Account) for the financial year ended 31 March 2024 Unr05trl¢tod Flrnds 2024 Total Unreslricled Fund5 Funds 2024 2023 Total Funds 2023 Notes InGomiiig Rosovrc95 Voluntary In¢ome Charitable aGlivilies Grants from governments and other ¢o.funders 198,718 198,716 215,465 215,465 467,719 467,719 407,694 407,694 Total incoming resourcos 666,435 666,435 623.159 623,159 Rosourcos Expondgd Ralslng funds Charitable aclivi118S 26,322 757,761 26,322 757,761 11,230 874,336 11,230 674,336 Total Resources Expended 784,083 784,083 685,566 685,5e6 Not Incomlngloutgolng resources before transfers 1117,6481 1117,6481 162,4071 162,4071 Gross transfers between funds Nel movemènt in funds for tho financial yoar 1117,6481 1117,6481 162,4071 162,4071 Reconclllallon of funds- Total funds boginning ol tlie ygar 13 654,631 654,631 717,038 717,038 Total funds at the ond of the yoar 536,983 536,983 654,631 654,631 Tha Slalenignl of Flnanclal Actlvltles Includes 811 galns end105ses recognlsed In tho financial year. All income and expenditure relate lo continuing aclivilies. notes on pages 13 10 16 form part of the financial statements
PIPS Hope & Support Ltd IA company limited by guarantoo, not having a share capital) Company Number= Nl £09642 BALANCE SHEET as at 31 Marcli 2024 2024 2023 Notes Flxed Assets Tanglbla 8ssels 238,903 246,420 Curreiit Assets Debtors Cash al bank and in hand 10 1,606 352,842 1,208 477,43S 354,448 478,645 Creditors: Amounts falling dLre within one year 11 156,3681 170,4341 Not Curront Assots 298,080 408,211 Total Assets less Curront Liabllilios 536,983 654.631 Funds General fund lunreslrlcledl 536,983 654,631 Total funds 13 536,983 654,631 These Ilnanclal slalemenlg havè been prepared in accordance with the special provislons rèlallng lo smtsll companiès within Part 15 of tho Gompanl8s Act 2006. Approved by the Board of Diretlors artd authorised for issue on 5 July 2024 and signÈd on Its behalf by Palrl¢la Tralnor Diroclor Eoln Duffy Dlrector The notes on pages 13 to 16 form part of the financial slalernents
PIPS Hope & Support Ltd IA company limitod by guarantee, noi having a share capital) ACCOUNTING POLICIES for the financial year ended 31 Marcl) 2024 Basis of preparation Tho finanGial slalemenls have beon propared undgr Ilie histori] cost convcnlion and in aword¥nce with the Companles Act 2ll& and Part 8 of the Charities AGI (Northern Ire147ndl 200a. They alsa comply with 11)e Chari1188 SORP loffoalivo January 20151 And wllh the flnanclal r&pc>rtlng standards. The followlng accounting policics hava been applied consislenlly in dealing with ilerns which aro considered maleriol in relation lo the ¢ompany's financlal slalemenls. Cash flow statemont The company ha8 avalled of Ilie exempllon In FRS 1 Irom the requiremenl lo produca a ca8Ii flow slalein&nl becaus8 il is classifiod as a small company. Incoinlng Resources Voluntary income or capi181 Is included In the Slalemenl of Fln2nclal Activities when tha company is18gally enli118d lo it, ils financial value can be quantified with reasonable c8rtainly and there is reasonablo cortainly of ils ullimale receipt. Enlillemenl lo legacios is considorod oslabli5hod whon tho company has been notified of a dislribulian lo be made by the executors, Incomo rocoivod in advanco of due porformance under a contract is e¢¢ounled for as deferred Income until @arned. Grants for aclivilios ar8 recognised as income when the related condlllons lor legal enlillemenl have been mel. All other income is accounted for on an accruals basis. Resources Expended All resour¢Ès expended are accounlcd for on an accruals basis. Charitable aGlivilies include costs tsf seNlces 8nd grsnls, support costs 2nd depreciailon On relaled assets. Cosls tsl generailng funds slmll8rly includ& fundrEJising 8clivilies. Non-slBff eosls not allribuled lo one cklegory of acllvlly llre 211ocaled or apportion8d pro-rala lo tho slalfing of the relevant 8eNice. Finance, HR, IT and adminislr<ilive sliill ¢osl% are directly atlribulable lo Indlvldual actlvltles by objèctive. GovernAnc& costs ar& Ihogé a8soclatÈd wilh conslltutlonal and slalulory rèquiramenls. Tangiblo fixod assots and doprtsciation Tangiblo fixed ass81s are stBl8d al cost or al valuation. less atcumulalod dopreclalion. The charge lo depreciallon ig Ccilculaled lo wrilo olf tho original cost or VL)lualion of tangibl8 lixod assols, less Iheir esllmaled resldu81 value, over tliolr axp8cted useful Ilv&s as follows,, Land and buildlngs Ireehold Fixtures, fitilngs and equlpmenl 2P/o Slralghl lin& 200A Slroighl line Taxation Doforrcd lax 15 rocognisod in rospocl of all liming differences that have originated bul not reversed 81 the balance sheet d8le where Irans8cllon8 or 8ven18 have occurred 81 th81 d818 that wlll result In an obligation lo pay more lax in the future, or a right lo pay les5 lax in the lulure, Timing differenGes art temporary differences between the comp8ny'8 laxeble Income and Ils results as slated In the fln8nclal slalemenls, Deferred lax is m88sured on an undiscounled b8sS8 al the lax rates that ar& anlicipaled lo apply in the periods in whi¢h the liming dilferenGes are expeGled lo reversc, based on lax rates and laws that hav& been enacted or subslanllvely enacted by the balanca sheet dale. 12
PIPS Hope & Support Ltd IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMATION PIPS Hope & Support Lid is 8 company limilfjd by guarantee incorporalod in Northom Ireland. The registered ollice of Ihe corllpany is 50 Mill Street, Newry, Co. Dawn, BT34 2DE, Northem Ireland which is also the prlnGlpel placc of businoss of tho company The financial slalemonls havo boen presented in Pound (£1 whlch Is also the funcllonal currency of th& company. INCOME DONATIONS AND LEGACIES UnraslriGtod Rostrictod Funds Funds 2024 2022 Public He811h Agency AGlion Mental Hoallh N&wry & Mourne Dlslrlcl Councll - Amortised Gr8nl Incomo Cornmunily Foundalion Main Grants CDHN SHSCT- WB Cafe 49,035 72,984 821 49,035 72,984 B21 47,844 70,845 821 49,285 13,130 2,400 31,140 29,757 9.600 36,519 29,757 9,600 36,519 198,716 198,716 215,465 CHARITABLE ACTIVITIES Unrestrlcttrd Rostrlctod Funds Funds 2024 2023 Grants from governments And otlier co-funders: Training Income Fundraising & Donations Glvlng.com Ronl Recgived 3,660 402,880 58.420 2,759 3,660 402,880 58,42Q 2,759 28 361,552 45,637 477 467.719 467,719 407,694 EXPENDITURE RAISING FUNDS Dlrect Costs Other Costs Support Costs 2024 2023 Profes81on81 Fees Websilo & IT Costs Advertislng & Promollon 5,658 11,073 5,658 11,073 9,591 2,871 3,968 4,391 9,591 9,591 16,731 26,322 11,230 CHARITABLE ACTIVITIES Dlrcct Costs Other Costs Support Costs 2024 2023 8ank & Loon Charg05 Rent, Rates & Insuranc& Dèpreciation Incurrcd Fundraising, Counselllng & Tralnlng Costs Wages & Salaries General Expenses Audit Fees Office Ulililies & Other 2,711 28,fj12 2,711 28,612 7,967 142.859 2,317 32.462 8.461 192.582 7,967 142,859 501,282 501,282 25,314 3,375 45,641 369,780 31,376 3,375 33,983 25,314 3,375 45,641 644,141 7,967 105,653 757,761 674,336 13
continued PIPS Hope & Support Ltd IA company limited by guarantee, not having a share capTtall NOTES TO THE FINANCIAL STATEMENTS for Ihe flnancial year ended 31 March 2024 SUPPORT COSTS Cost of Cllarltablg Raising A¢tlvitles Funds 2024 2023 Support Costs Governance Costs 16,731 86,008 19,645 102,739 19.645 81,583 28,769 16,731 105,653 122,384 110,352 ANALYSIS OF SUPPORT COSTS 2024 2023 Support Costs Governance Cosls 102,739 19,645 81,583 28,769 122,384 110.352 NET INCOMING RESOURCES 2024 2023 Not Incomlng Rosourcos aro statod aftor cliarglngllcrodltlngl., Depreclatlon of tanglble assets Grants receivable received Amortisalion of grants r8c8ivabl8 7,967 1197,8951 18211 8,461 1214.6441 18211 INVESTMENT AND OTHER INCOME 2024 2023 Amorlisallon ol c8pllal granls recelved Revenue gr8nls recelved 821 197,895 821 214,644 198,716 215,465 INTEREST PAYABLE AND SIMILAR CHARGES 2024 2023 On bank loans and overdrafts 532 984 14
conlinuod PIPS Hope & Support Ltd IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 EMPLOYEES AND REMUNERATION Number of omployees The average number ol per50n5 employed linGluding executive direGlorsl during the finan¢i¥l year was 88 follows.. 2024 Number 2023 Number Charitable Activities M8n8gemenl & Admlnlslrallon of the Charlly 13 13 10 10 26 20 The staff costs comprise.. 2024 2023 Wages 8nd salarles Pension costs 484,771 16,511 359,197 10.583 501,282 369,780 TANGIBLE FIXED ASSETS Land and Flxtures, bulldlngs fltllngs and freehold equlpment Total Cost Al 1 April 2023 Additions 276,983 38,126 450 315,109 450 Al 31 March 2024 276,g83 38,578 315,559 Doproclatlon Al 1 Aprll 2023 Charge for the financial yaar 42,245 5,540 26,444 2,427 68,689 7,987 Al 31 Mar¢h 2024 47,785 28,871 76,656 Not book valuo Al 31 Marcli 2024 229,198 9,705 238,903 Al 31 March 2023 234,738 11,682 246,420 10. DEBTORS 2024 2023 Prepayrnenls and accrued income 1,606 1,206 11. CREDITORS Amounts falllng due wlthln one yeAr 2024 2023 Bank loan Trade creditors Taxation and social security costs Other creditors Accruals and deferred income 226 5,773 8,505 318 41,546 12,267 15,292 508 42,367 56,368 70,434 15
continued PIPS Hope & Support Ltd IA company liinited by guarantee. not liaving a share capital) NOTES TO THE FINANCIAL STATEMENTS for tho financial year ondod 31 March 2024 12. RESERVES 2024 2023 Al the beginning of the year Deficit for the linancial year 654,631 1117,6481 717,038 162,4071 Al the end of the yèar 538,983 854,631 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrttstricted Funds Total Funds Al 1 Aprll 2022 Movement during the financial year 717,038 162,4071 717,038 162,4071 Al 31 March 2023 Movement during the financial yoar 854,631 1117,6481 654,631 {117,6481 Al 31 M8rch 2024 536,983 536,983 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 Aprll 2023 Incomè Expendlturo Transfers between fund¥ Balanca 31 March 2024 Unrestricted funds Unreslrlcled General 654,631 668,435 784,083 536,983 Total funds 654,631 666,435 784,083 536.983 13.3 ANALYSIS OF NET ASSETS BY FUND Flxed assets charlly use Current assots Curront Total Unreslricled general funds 238,903 3S4,448 156.3681 536,983 238,903 354,448 156,3681 536,983 14. STATUS The company Is Ilm51ed by guarantee not havlng a sh8re capital. The liability of the members is limited. Every mgmber of the company undertakes lo contribute lo the agsels of Ihe compEJny in the event of Ils belng wound up while they are members, or wilhin one year Ihereafter, for the payment ol IhÈ debts and liabilities of the company cortlracted before thèy ceased to be members, and the ¢oslÈ, charges and expense5 of winding up, and for the adjuslmtnl of the rights of the conlrlbulorg among themselves, such amount as May b required, not Èxceeding £ 1. 15. POST-BALANCE SHEET EVENTS There have been no significant events alfecling the Charity since the financial year-end.