NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Restrlctsd funds funds 2023 2023 Totsl Unrestricted funds 2022 Restricted funds 2022 Total 2023 2022 Notes Donations and legacies Charitable activities Other trading activities Investments Other income 56,727 53,522 22,723 1.891,352 3.850 30 110,249 1,914,075 3,850 30 48,012 82,706 9,899 282 59,045 1,596,842 300 107,057 1,679,548 10,199 282 1,013 1,013 Total income 83,330 1,944,874 2,028,204 140,899 1,657,200 1,798,099 Charitable activities 118,721 1,881,049 1,999,770 137,244 1,674,508 1,811,752 Net (outgolngv Incomlng resources before transfers (35,391) 63,825 28,434 3,655 (17,308) (13,653) Gross transfers between funds 111,907 (111,907) Net Incomellexpendlture) for the yearl Net movement In funds 76,516 (48,082) 28,434 3,655 (17,308) (13,653) Fund balances at 1 April 2022 915,326 168,226 1,083,552 911,671 185,534 1,097,205 Fund balances at 31 March 2023 991,842 120,144 1,111,986 915,326 168,226 1,083,552 The statement of financial activities includes all gains and losses recognised in the year, All income and expenditure derive from continuing activities. The statement of financial activit18s also complies with the requirements for an income and expenditure account under the Companies Act 2006.
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2023 2023 2022 Nots8 Flxed assets Tangible assets Current assets Debtors Cash at bank and in hand 13 504,605 532,006 14 364,828 372,216 303,268 440,034 737,042 743,302 Credltors: amounts falllng due wlthln one year 16 (129,661) (191,756) Net current assets 607,381 551,546 Total a888ts less current Ilabilltl•8 1,111,986 1,083,552 Income fund8 Restricted funds 17 120,144 168,226 Designated funds General unrestricted funds 502,277 489.565 529,031 386,295 19 19 991.842 915,326 1,111,988 1,083,552 The company is entitled to the exemption from the audit rU$rement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023, although an audit has been carried out under section 65 of the Charities Act (Northem Ireland) 2008. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts under the requirements of the Companies Act 2008. The directors acknowledge their responsibilities for complylng with the requlrements of the Companles Act 2006 with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with tho provlsions applicable to companies subject to the small companles regime. The accounts were approved by the Directors on ........ ........ . C Coone Trustee air) Company Registratlon No. N1021120
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notes Cash flows from operatlng activities Cash absorbed by operations 22 (67,526) (100.870) Investlng actlvltles Purchase of tangible fixed assets Proceeds on disposal of tangible fixed assets Interest received (18,198) 230,000 282 30 Net cash generated from Investlng actlvltles 30 212,084 Flnanclng actlvltles Net movement on bank loans (159,325) Net cash u8od In financlng actlvltles (159.325) Net decrease In cash and cash equlvalents (67,496) (48.111) Cash and cash equivalents at beginning of year 439,712 487,823 Cash and cash equlvalents at end of year 372,216 439,712 Relatlng to: Cash at bank and in hand Bank overdrafts induded in creditors payable within one year 372,218 440,034 (322) The notes on page8 11 to 22 fom part of these finandal statements. 10-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Charity informatlon Northem Ireland Rape Crisis Association is a private company limited by guarantee incorporated in Northern Ireland. The registered office is NIRCA, 59 Malone Road, Bellfast, Co. Antrim, BT9 6SA. 1.1 Accountlng conventlon The financial statements hav8 been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effectlve 1 January 2019). The charity Is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterllng, which is th& functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financlal statements have been prepared under the historical cost convention, modified to Include the revaluation of freehold properties. The principal accounting policies adopted are set out below. 1.2 Golng concern The Directors have prepared budgets and cash flows for a perlod of at least *Helve months from the date of the approval of the financial statements. Having considered the circumstances, at the time of approving the accounts, the directors have a reasonable expectation that the charity has adequate resources to continue in operational exist8nce for the foreseeable future. Thus the directors continue to adopt the going conrn basis of accounting in preparing the accounts. 1.3 Charltablo funds Unrestricted funds are available for use at the dlscretion of the directors in furtherance of their charitable objectives. Designated funds are set aslde by the trustees OLrt of unrestricted general funds for specific future purposes or projects. Restrlcted funds are subject to specrfic conditions by donors as to how they may be used. The purp)ses and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Incomlng f8source8 Income is recognised when the charity is legally entitled to it after any Performan conditions have been me( the amounts can be measured reliably, and it is probable that income will be received. Income is deferred only when the charity has to fulfil conditions before becoming fully ents'tled to it, or, where the donor has specified that the income is to be expended in a future period. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers. Grants, including capital grants, from the govemment and other agencies have been included as income from activities in furtherance of the charity's objects where these amount to a contract for services, but included as donations where the money is given in response to an appeal or with greater freedom of use, for example. govemment block grants. 11
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting pollcles (Continued) 1.5 Resources expended Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefft to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dir1 costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activty are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. Expenditure is included in the Statement of Financial Activities on an accruals basis, exclusive of any VAT which can be recovered. Certain expenditure is directly attributable to spedfic activities and has been included in those Cost categories. Certain other costs, which are attributable to more than one activity. are apportiongd across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciats'on is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Fixtures and fittings 2% stralght line 25¥0 reducing balance The gain or loss arising on the disposal of an asset Is detemined as the difference between the sale proceeds and the carying value ol the asset, and is recognlsed in the ststement of financial actlvities. 1.7 Impalmient of flxed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine vthether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitys balan sheet when the charity becomes party to the contradual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and s8tt1e the liabilty simultaneously. 12-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng policies (Contlnued) Basic Ilnancial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc flnancial Ilablllties Basic financial liabilities, including credltors and bank loans are initially recognlsed at transactlon price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt Instruments are subsequently carrled at amortised $t, uslng the effective Interest rate method. Trade credltors are obligatlons to pay for goods or services that have been acquired In the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilits'es. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltlon of flnancial Ilabllities Financial liabilities are derecognised when the charty's contractual obligatlons expire or are dlscharged or cancelled. 1.10 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are reIVed. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiinats'on benefits. 1.11 Retlrnment b8neflts Payments to defined contribution relirement benefit schemes are charged as an expense as they fall due. crftlcal accounting estlmates and judgements In the applicatlon of the charity's accounting polides, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects cnly that period, or in the period of the revision and future periods where the revision affects both current and future periods. Key sources of estlmation uncertainty Tangible flxed assets Tangible assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets are assessed annually and may vary depending on 8 number of factors. In reassessing asset lives factors such as maintenance programmes are taken into account. Residual value assessments consider issues such as the remaining live of the asset and the estimated value in use. 13-
NORTHERN IRELAND RAPE CRISISASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donatlons and legacies Unrestricted Restrfcted funds funds general 2023 Total Unr8stricted Restricted funds funds general 2022 Total 2023 2023 2022 2022 Donations and gifts 56,727 53,522 110,249 48,012 59,045 107,057 Donatlons and glfts Donations DHSSPS core funding 56,727 56.727 53,522 48,012 704 58,341 48,716 58,341 53,522 56,727 53,522 110,249 48,012 59,045 107,057 Other tradlng actlvltlos Unrestrlcted Restrlcted funds funds general 2023 Total Total 2023 2023 2022 Income from other trading activitles 3,850 3,860 10,199 Investments Unrnstrlctsd Unmtrlcted funds funds goneral general 2023 2022 Interest receivable 30 282 14-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltablo activltles 2023 2022 Incoming resources from charitable activities 1,914,075 1,679,548 Analysis by fund Unrestricted funds - general Restricted funds 22,723 1,891,352 82.706 1,596,842 1,914.075 1,679,548 Other income Total Restricted funds 2023 2022 JRS income 1,013 15-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltsble activities Total 2023 Total 2022 Stsff costs Projects Training Counselling Clinical supervision Marketing and dats management Fundraising Conferences General expenses Other staff costs 1,167,199 1,053.228 60,478 41.195 56,717 16,394 409,759 448,918 10,990 21,015 17,565 35,191 10,670 6,190 180 7,582 27,236 6,705 34,080 1,774,163 1,657,127 Share of support costs (see note 9) Share of govemance costs (see note 9) 199,218 26,389 131,081 23,544 1,999,770 1.811,752 Analysls by fund Unrestricted funds general Restricted funds 118,721 137,244 1,881,049 1,674,508 1,999,770 1.811.752 16-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Governance costs costs 2023 Support costs Governance costs 2022 Depreciation Loss on di¥osal of fixed asset Telephone Insurance Bank interest and charges Information technology Sundry Legal and professional Subscriptions Printing and postage Stats'onery and photocopying Premises expenses 27,401 27,401 27,388 27,368 8,633 10,581 17,625 5,965 16,645 399 12,116 2,534 1,147 6,378 21,690 8,633 10,581 17,625 5,965 18,645 399 12,116 2,534 1,147 6,378 21.690 37,242 8,978 914 53,233 7,507 21,420 6,383 4,095 2,257 29,788 37,242 8.978 914 53,233 7,507 21,420 8,383 4,095 2,257 29,788 Audit fees Legal and professional Board costs 4,800 21,589 4,800 21,589 4,800 4,800 4,855 4,855 13,889 13,889 199,218 26,389 225,607 131,081 23,544 154,625 Analysed bebNeen Charitable activities 199,218 26,389 225,607 131,081 23,544 154,625 Governance costs includes payments to the auditors of £4,800 (2022- £4,800) for audit fees, 10 Dlrector8 None of the directors (or any persons connected with them) received any remuneration or benefits from the charity during the year (2022.. none). 17-
NORTHERN IRELAND RAPE CRISISASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Employee8 Number of employees The average monthly number of employees during the year was: 2023 Number 2022 Number Pernanent staff Directors 52 10 61 12 62 73 Employment costs 2023 2022 Wages and salarles Social security costs Other pension cost8 1.030,137 88,828 48,438 935,043 68,740 49,445 1,167,199 1.053.228 The senior management team of the charity compri8es 7 {2022: 7) members of staff.. the CEO, Operations Manager, Business Service Manager, Clinical Manager, Finance Manager, Training Manager and Communicats'ons Manager. The aggregate remuneration of this group was £237,067 {2022: £238,215). There vRre no employees whose annual remuneration was £60,000 or more (2022: none). 12 Taxatlon The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 18-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 13 Tangible flxed assets Froehold land Flxtures and and building$ flttlngs Total Cost At 1 April 2022 499,699 110,585 610,284 At 31 March 2023 499,699 110,585 610,284 Deprnclatlon and Impalrment At 1 April 2022 Depreciation charged in the year 19,987 9,986 58,291 17,415 78,278 27,401 At 31 March 2023 29,973 75,708 105,679 Carrylng amount At 31 March 2023 469,726 34,879 504,605 At 31 March 2022 479.712 52,294 532,006 14 Debtors 2023 2022 Amounts falllng due wlthln one year: other debtors Prepayments 360,726 4,100 295,964 7,304 364,826 303,268 16 Loans and overdrafts 2023 2022 Bank overdrafts 322 Payable within one year 322
NORTHERN IRELAND RAPE CRISISASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 Credltors: amunts falling due wlthin one year 2023 2022 Notes Bank overdrafts other taxation and social security Trade creditors other creditors Accruals and deferred income 15 322 16,660 50,914 29,495 86,891 5,697 7,578 123,860 129,661 191,756 17 Restrlcted funds The income funds of the charity Include restricted funds comprising the following unexpended balarrAs of donations and grants held on trust for specific purposes. The fixed assets fund represents those assets whlch have been purchased wlth restricted fundlng. Movement In funds Incomlng ReJourca• MUr£0• exwnd8d Balance at 1 Aprll 2022 Transfers Balanco at 31 March 2023 BBC CIN Conexions Cybersafe Euro {Daphne) CybeNag DAF DOH Core Education Esme Fairburn Helpline HSCB Fixed Asset NIPS Believe arKI Beyond - RTE CSE 12,508 28,768 7.000 12,068 19.076 40,f)9 74,553 (53,117) (103,321) (7,000) 5,116 (17,184) (19.076) 53,522 (53,522) 13,587 72,244 (13,587) (72.244) 384,124 933,000 (384.124) (933,000) (648) (19,395) (63,984) (34,520) (321) (30,085) (17,845) (14,000) (26,338) (6,555) (123,090} 2,975 2,327 19,395 63,984 34,520 321 50,000 53,492 14.000 26.338 6,555 185,345 Dormant Accounts PACE Rank Foundation pcsp VthISCT Your Choice - Enabling Young People 19,915 35,647 62.255 168,226 1,944,874 (1,881.049) (111,907) 120,144 Restricted funds are funds received for specified purposes within the overall aims of Ihe charity. -20-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 18 Deslgnated fund$ The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: Movement In funds Incomlng R•$ources resources oxpond8d BalanGo at 1 Aprll 2022 Tranjfers Balance at 31 March 2023 General fijnds Designated funds - Fixed asset fund 386,295 529,031 83,330 (91,967) (26,754) 111,907 489,565 502,277 915,326 83,330 (118,721) 111,907 991,842 19 Unrestrlcted fund8 The followlng represent unrestricted re8eNes. The ftxed asset fund has been set up to asslst In Identifying those funds that are not free funds and it represents the net book value of tangible fixed assets that have been funded by unrestrlcted income. 20 Analysls of net a88ets between funds Unrestrlcted Rostrlctod Total Fund balances at 31 March 2023 are represented by: Tangible assets Current a8setsllli8bilitie8y 502,278 489,565 2,327 117,816 504,605 607,381 991,843 120,143 1,111,986 21 Related party tran8actlon8 Remuneratlon of key management personnol The remuneration of key management personnel is as follows. 2023 2022 Aggregate compensation 237,067 238,215 21
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 22 Cash generated fmm operatlons 2023 2022 Surplusl(deficit) for the year 28.434 (13,653) Adjustments for: Investment income recognised in statement of financial activities (Gain)Iloss on disposal of tangible fixed assets Depreciats'on and impairment of tangible fixed assets (30) (282) 8,633 27,368 27,401 Movements in working capital.. {Increase)Idecrease in debtors (Decrease) in ¢dItorS (61,558) (61,773) 29,987 (152,923) Cash ab80rbed by operatlons (67,526) (100,870) -22-