NORTH DOWN COMMUNITY NETWORK ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2023 Statement of Flnancial Activities Notes Unrestrlcted Funds Designated Restricted Funds Funds Special Reserve Total 2023 Totol 2022 Incomlng Resour¢es Charitable Activities 12,900 260,328 273,229 344,324 Incomin resources from enerated funds Voluntary Activities which generate funds Other Incomin Resources Total Incoming resources 11,954 31,641 14,996 11,954 31,641 14,996 331819 755 17,900 22,935 385 914 260 328 Resources expended Raising Funds Charitable Activities Governance costs Total resource5 expended 216 321,531 7,601 329,348 51,427 6,362 57,790 792 305,853 1,135 306,988 358,072 7,497 365.569 792 Net Incoming resources 13,701 17921 146,6591 {33,7501 56,566 Net movement In funds Fund balances brought forward at I April 2022 Transfer to special reserves 51,895 17,829 91,009 26,000 186,733 130,167 Transfers between restricted, designated and unrestricted funds Fund balances carrled forward at 31 March 2023 65,596 17,037 44,350 26,000 152,983 186, 733 All of the above results are derived from continuing attivities. All gains and losses recognised in the year are included above. NORTH DOWN COMMUNITY NETWORK ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2023 Charity Balance Sheet Company Registration Number N1050662 Notes 2023 2022 Flxed assets Tangible assets As restated for premises 16.313 20,868 16,313 20,868 Current assets Debtors Cash at bank and in hand 13,286 137,764 151,050 16,874 197,539 214,413 Credltors: amountsfalling due within one year 14,380 48,548 Net current assets Net assets 136,670 152,983 165,865 186,733 Funds: ecial Reserves Unrestricted Funds General funds Designated funds Restricted Funds Total funds 26,000 26,000 65,596 17,037 44,350 152 983 51,895 17,829 91,009 186,733 For the year ending 315t March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies but as this company is a charity, it is subjert to an Independent Examination under the Charities Act (Northern Ireland) 2008. Directors, responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The Company's financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements on pages 8 to 12 were approved and authorised for issue by the trustees and signed on behalf of the board: 14-Det-23 David Mcclarin ITreasurerl Date 14-Dec-23 Valerie Miskimmon (Chairperson) Date The notes on page5 11- 13 form part ofthe5e accounts io NORTH DOWN COMMUNITY N￿WORK ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2023 Notes forming part of the financial statements I Company status The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1.00 towards the assets of the company in the event of liquidation. 2 Accounting policies lal Basis of preparation The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice ISORPI, "Accounting and Reporting by Charities" published in 2005 and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006. Ibl Company status The charity is a company limited by guarantee. The members of the company are the trustees named on the 'Legal page. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. Icl Fund accounting Unrestricted funds are available for use at the discretion of the directors in the furtherance of the objectives of the charity. Restricted funds a re subject to restrictions on their expenditure imposed by the funder. Incoming Resources All incoming resources are included in the statement of financial activities when the cha rity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policy is applied to a particular category of income: Voluntary income is received by way of donations, appeals and collections and is included in full in the Statement of Financial Activities when receivable. le} Resources expended All expenditure is accounted for on an accrua Is basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fee5 and costs linked to the strategic management of the charity lfj Value Added Tax The charity is not registered for VAT purposes, therefore irrecoverable VAT is charged to the Statement of Financial Activities, or capitalised as part of the cost of the related asset where appropriate Igl Tangible fixed assets and depreciation Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that Is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. li NORTH DOWN COMMUNITY NETWORK ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2023 Notes fonnlng part of the flnanclal statements 2 Accountlng pollcles Icontlnuedl Depreciation is provided on all tangible fixed assets at rates calculated to write off the c05t on a straiBht line basis over their expected useful economlc Ilves as follows.. Office Equipment Flxtures & Fittin8S Computer5 Premise5 Ihl Cash and cash equlvalents Cash is represented by cash in hand and deposits with financial institutions repayable wlthout penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature In no more than three month5 from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. 20% straight line 12.5% straight line 25% straight line 15% straight line lil Flnanclal Instruments The Company only enters into basic financial instruments transactions that result in the reco8nition of financlal assets and Ilabilities like other accounts receivable and payable. Ul Judgments in applying accountlng pollcles and key source5 of estlmatlon uncertalnty There have been no materlal ludements needed or used in preparation of these accounts. lil Penslon costs The company operates a defined contribution scheme for the beneflt of Its employees. The costs of contributions are written off against profits in the year they are payable. 3 IncomSng Resources Unrestrlrted Funds Deslgnated Funds Restrlcted Funds Total 2023 Totul 2022 Incomln resources from charftsble actlvbtles: Public Health Authority Acce55 Nl Fees Dfc Grants- CIF DICE PCDW- NIHE ANDBC-SLA Blg Lottery (Awards for ALLI NIHE Homelessness Preventlon Homelessness 21-22 Love Here Love Here 64,064 64,064 2,467 54,784 12,500 30,872 10,433 54,797 1,880 51,621 48,569 29,434 13,000 9,975 75 37,008 2,332 12,000 7,500 66,544 2,467 54,784 12.500 30,872 10,433 12,750 1,626 12,750 1,626 Covid Charity Fund Lottery Covid Responselcllmate Fund CFNI Iwellbeingl Co-op Tesco Groundwork SE Trust Across the Generations 68,425 1,009 1,125 5.OCM) 9.833 1,592 260.328 68,425 1,009 1,125 5,000 9.833 1,592 273,229 Children In Need ACNI 9,333 407 344.324 12,900 Incomin resour¢es from Volunta Incom Donations & Gifts Gift Aid Activities which enerate funds Donations for use of looms Membership Fees Other Incomin Resources Coronaviru5 Job Retention Scheme Other enerated funds: 11,954 11.954 755 30,041 1,600 30,041 1,600 15,935 1,965 1.600 14,996 71.491 14,996 331819 21,335 385 914 Total In¢omlng resources 260,328 12 NORTH DOWN COMMUNITY NEfwoRK ANNUAL REPORT FOR THE YEAR ENDED 315t MARCH 2023 Notes forming part of the financial ststement5 Unrestricted Designated Restricted Funds Funds Funds Total 2023 Totol 2022 3 Resources expended Raising Fund5 216 216 Unfunded salarie5 Unfunded employers pension Cleaning Advertising & Marketing PHA costs Access Nl Light & Heat Printing, stationery & postage Telephone & Internet Computer costs Repairs and maintenance General Ground rent Travel and entertaining Subscriptions Insurance Water rates Sessional Hours Fundraising Costs Project Expenses Award5 for oll DfC/CIF costs DICE costs Te5co Groundwork NIHE Homelessness Prevention Homelessness 21-22 Lottery Climate Fund Covid Charity Fund Lottery Covid Response ANDBC SLA c05t5 CFNI Iwellbeing) Children In Need Other PCDW project 26.163 1,368 322 990 26.163 1.368 322 990 66,386 792 8,046 1.604 1,970 747 739 1,489 2,000 266 884 582 157 260 126 3,386 10,760 51,096 53,950 23,437 66,386 53,979 843 2,675 706 1,689 1,622 964 955 667 396 488 2.747 155 792 8,046 1,604 1,970 747 739 1,489 2,000 266 884 582 157 260 126 3,386 10,760 51,096 53,950 1,166 49,482 65,359 1,626 2,489 1,626 2,489 30,697 2,699 1.195 1.299 40,655 900 8,372 28,385 321532 206 426 87,364 206 426 87,364 329 2,829 31,972 305 853 3,158 31.972 358,072 792 Governonce Co Depreciotion Bank Charge5 Audit & occountancy 6,004 290 68 6.004 325 1,168 7.497 5,815 226 1,560 35 I,ioo 1,135 Total resources e¥pended 57,790 792 306,988 365,569 329,348 13 NORTH DOWN COMMUNITY NETWORK ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2023 Notes formlng part of the financial statements 4 Directors. remuneration The Directors neither received nor waived any emoluments during the year {2022: £Nill. 5 Staff Costs The average number of employees, calculated on a full-time equivalent basis, analysed by function was: 2023 2022 Management and administration There were no employees receiving a salary of more than £60,000 for year to 2021 and 2020. Employment costs 2023 Wages and salaries 169,117 Social security costs 9,837 178,954 2022 150,558 158,688 6 Tanglble flxed assets Office Equipment Computers Fixtures & Fittings Premises Total Cost 1st April 2022 Additions Dispos15 31st March 2023 33,223 99 5,367 13,631 1,350 io,ioo 62,321 1,449 33,322 5,367 14,981 io,ioo 63,770 Depreciation 1st April 2022 Charge for year Disposals 315t March 2023 Net book value 315t March 2023 31st March 2022 18,983 3,636 4,133 324 12,277 529 6,060 1,515 41,453 6,004 22,619 4.457 12,806 7,575 47,457 10,703 14,240 910 1,234 2,175 1,354 2,525 4,040 16,313 20,868 7 Debtors Trade debtors Other debtors Prepayments and accrued income Unrestricted 13,296 Desi nated Restricted 2023 13.296 2022 16,892 io 13,286 io 13,286 (18) 16,874 8 Cash at bank and In hand Ulster Bank current PHA Grants CIF 3.3 Dice Cash in hand Unrestritted 69,054 Desi nated Restricted 2023 69,054 8,342 51,348 8,895 124 137,763 2022 90,587 25,018 29,336 52,229 369 197,539 8,342 51,348 8,895 124 68,708 69,054 14 NORTH DOWN COMMUNITY NETWORK ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2023 Notes forming part of the financial ststements 9 Creditors: amounts falllng due within one year Unrestricted Desi nated Restricted 2023 2022 Taxation and social security costs Trade creditors Other creditors Accruals and deferred income 1,495 11,325 1,560 14,380 1,495 11,325 1.560 14,380 32.110 12.969 3,469 48.548 10 Related party transactions and control North Down Community Network is constituted as a charitable company limited by guarantee and having no share capital. As such,there are no members with shareholdings in control of the company: control is vested in the trustees as a bodv. Invoices totalling £6.08312022 - £3,220), relating to 20 transactions for printing12022- 121 during 2022-23, were paid to Clandeboye Printing Services. Clandeboye Printing Services is owned by North Down Community Network director Aaron Mcmahon. 11 Restatment of reserves The trustees have reviewed the assets valuation for the current period and have concluded it to be of fair value. 15 NORTH DOWN COMMUNITY NETWORK ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2023 Detailed Statement of Financlal Activities Communtty Investment Fund Unrestricted Deslgnated Restrirted Funds Funds Funds Totsl 2023 Total 2022 Income Dfc Grant 54.784 54,784 51,621 51.621 enditure Sessional hours Salaries and wages Employers NIC Fuel & Energy 4,951 43,199 2,946 1,500 52,596 4,951 43.199 2,946 1.500 4. 789 42.190 2,503 49,482 Surplus/lDeficitl 2.188 NIHE Homele5sne55 Preventlon Unrestricted Designated Restrlrted Funds Funds Funds Total 2023 Total 2022 Income Grant 12,750 12,750 12,750 12,750 75 75 Ex enditure Project Costs Project expenses Light, Power & Heat Printing & Stationery Room Hire Line Management & evaluation Other expenses Surplus/lDeficitl 12.750 12,750 75 16 NORTH DOWN COMMUNITY NFtWORK ANNUAL REPORT FOR THE YEAR ENDED 315t MARCH 2023 Detailed Statement of Financlal Activities PHA Projert Unrestricted Deslgnated Restricted Funds Funds Funds Total 2023 Totol 2022 Income Public Health Agency Grant General Income 64,064 64,064 54.797 64,064 Ex enditure Staff costs Sala¥ies and wage5 Employers NIC Travel and subslstence Prolert costs Runnlng costs Telephone Printin& postage & stationery Heat and light Insurance Repairs and maintenance H05Pltalitv Bank Fees Management Charges Audit Fee Rent 32,932 3.712 32,932 3,712 32,286 2,072 23.021 23,021 10,693 317 1,227 1,058 1,782 317 1,227 1,058 1,782 445 541 450 450 400 35 1,337 300 1,000 66.721 35 1,337 300 1.000 2,000 564 4,598 SurplusllDeficitl 254 17 NORTH DOWN COMMUNITY NETWORK ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2023 Detailed Statement of Financial Activities DICE Project Unrestrlcted Desi8nated Restricted Funds Funds Funds Total 2023 Total 2022 Income Donations & Gifts National Lottery Community Fund Other Income 257 48,313 12,500 12,500 12,500 12,500 48,570 enditure Staff costs Salaries and wages Employers NIC Acces5 Nl Fees Recruitment Expenses Travel and subsistence Project costs Runnln8 costs Printing, postsge & stationery Heat and light Telephone Repairs and maintenance Accomodation Insurance 23,741 2.019 23,741 2,019 30,534 1,262 23,631 23.631 20.054 730 730 261 3,865 524 25 4.868 450 482 482 1.113 1,113 IT Costs Management Charges Audit Fee Staff training General Expenses 800 800 3.200 996 160 157 264 1,671 54,450 264 1.671 Surplus/lDeficitl 17,786 18 NORTH DOWN COMMUNITY NETWORK ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2023 Detailed Statement of Financlal Artivities National Lottery- Awards For All Unrestrirted Designated Restrlcted Funds Funds Funds Total 2023 Totol 2022 Incorne Grants Other Income 9,975 enditure Staff costs Salaries and wages Employers NIC Travel and subsistence Project costs Sessional Hours Project expenses Running costs Telephone & internet Heat and light General Expenses 2,234 5,388 2,234 5.388 403 1.392 1,392 726 1.747 1,747 36 Surplus/lDefieitl 8,809 19 NORTH DOWN COMMUNITY NETWORK ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2023 Detailed Statement of Financial Activities Peripatetic Community Development Worker Project Unrestrirted Desi8nated Restricted Funds Funds Funds Total 2023 Totol 2022 Income NIHE Grant Other Income 30.872 30,872 29,435 30.872 29.435 enditure Staff costs Salaries and wages Employers NIC AC￿$S Nl Telephone Travel and subslstence Project Costs 31,624 179 31,624 179 26,772 1.578 169 169 37 31,972 31,972 28.386 SurplusllDeficitl I,ioo I,ioo 1,049 20 NORTH DOWN COMMUNITY NETWORK ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2023 Detailed Statement of Financial Activities CFNI (Wellbeing) Unrestricted Deslgnated Restricted Funds Fund5 Funds Total 2023 Total 2022 Income Donations & Gifts Grants Other Income 2,910 62,475 1,159 66,544 68,425 68,425 68,425 Ex enditure Staff costs Salaries and wages Employer5 NIC Access Nl Fees Recruitment Expenses Travel and subsistence Project costs Running costs Printing, postage & stationerv Heat and light Telephone Repairs and maintenance Rent Insurance Office costs Management Charges Advertising Staff training General Expenses 15,167 981 15,167 981 1,740 27 36,185 1,740 27 36,185 30,051 1,996 9,484 778 753 10,000 1,000 175 4,660 1,150 1,555 2,015 87.664 1,996 9,484 778 753 10,000 1,000 175 4,660 1.150 1,555 2,015 87,664 137 3,000 570 2,913 840 170 1,518 578 796 81 Surplus/lDeficitl 19,239 19,239 25,890 21 NORTH DOWN COMMUNITY NEfwoRK ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2023 Detailed Statement of Financial Activities Homelessness 21-22 Unrestrlrted Designated Restricted Funds Fund5 Funds Total 2023 Total 2022 Income Grant income Other Income 1.626 37,008 1,626 enditure Project costs Advertising General expenses Accomodation Management Charges Travel and subsistence 24,294 90 75 2,360 3,820 58 30,697 Surplus/lDeflcitl 1,626 6,311 22 NORTH DOWN COMMUNITY NETWORK ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2023 Detailed Statement of Financlal Activltles Other Grants Unrestricted Designated Restricted Funds Funds Funds Total 2023 Total 2022 Income ANDBC SLA NIHE Homeless Prevention Tesco Groundwork ACNI SE Trust Across the Generations Lottery Climate Fund CO-OP Covid Charity Fund Donations & Gifts 13,000 12,750 1,125 1.592 5,000 12.750 1,125 1,592 5,000 7,500 1,009 1,009 12,000 755 Children In Need Access Nl check5 Other Income 9,833 9.833 9,333 1,880 31,309 31,309 44.468 enditure Raising Fund5 Project Costs Project expenses Advertising & marketing Postage, printing & ststionery Light, heat & power Other expense5 799 799 900 2.699 843 799 799 Surplus/lDeficitl 30.510 30,510 40,026 23