NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted funds 2023 Restricted funds 2023 Total 2024 2023 Notes me from" Donations and legacies Charitable activities Olher trading activities Investments 38,626 27,696 54.227 28,143 1,664,135 66.769 1,691,831 54.227 56,727 22,723 3,850 30 53,522 1,891,352 110,249 1,914,075 3.850 30 Total income 120.549 1.692.278 1.812,827 83,330 1,944,8T4 2,028.204 Charitable activities 295,367 1.812,422 2,107.789 118,721 1,881,049 1,999,770 Gross transfers bemeen funds Net {expenditure)lincome for the yearl Net movement in funds 111,907 (111 ,907) (174,818) {120.144) (294.962) 76,516 (48,0821 28,434 Fund balanS at 1 April 2023 991,842 120.144 1.111,986 915.326 168,226 1,083,552 Fund balances at 31 March 2024 817,024 817,024 991,842 120,144 1.111.986 The statement of financial acts-vities includes all gains and losses recognised in the year_ The statement of financial activrties includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financia5 activits-es also complies with the requiretnents for an income and expenditure account under the Companies Act 2006.
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 13 530.138 504,605 Current assets Deblors Cash at bank and in hand 14 229.933 205,812 364,826 372,216 435,745 737,042 Creditors: amounts falling due within one year 15 (148,859) (129,661) Net current assets 286,886 607,381 Total assets less current liabilities 817.024 1,111,986 Net assets excluding pension liability 817,024 1,111,986 The funds of the charity Restricted income funds Unrestricted funds 17 120,144 991,842 817,024 817.024 1,111,986 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. although an audit has been carried out under Section 65 of tre Charities Act (Northern 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 2006 The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476. These financial statements have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the directors on . C Cooney (Chairl Company registration number N1021120 {Northem Ireland) 10-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash absorbed by operations 21 (111,551) 167,5261 Investing activities Purchase of tangible fixed assets Inlerest received (54.853) 30 Net cash (used in)Igenerated from investing activities {54,853) 30 Net cash used in financing activities Net decrease in cash and cash equivalents (166,404) {67,4961 Cash and cash equivalents at beginning of year 372.216 439,712 Cash and cash equivalents at end of year 205,812 372,216 The notes on pages 12 to 23 fotrn part of these financial statements. 11
NORTHERN IRELAND RAPE CRISISASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Northern Ireland Rape Crisi5 Association is a private company limited by guarantee incorporated in Northern Ireland The registered office is NIRCA. 59 Malone Road. Bellfast, Co. Anlrim, BT9 6SA. 1.1 Accounting convention The financial statements have been prepared in accordance with the chartty's [goveming 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: Slatement ol 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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. modified to include the revaluation of freehold properties. The principal accounb-ng poliaes adopted are set out below. 1.2 Going concern The Directors have prepared budgets and cash flows for a period of at least twelve 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 lo continue in operational existence for the foreseeable future. Thus the directors continue to adopt Ihe going concern basis of accounting in preparing the accounts. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objectives. Designated funds are set aside by the trustees out of unrestricted general funds for specific future purposes or projects. Restricted funds are subject lo specific conditions by donors or grantors as to how they may be used_ The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Incoming resources Income is recognised when the charity is legally entttled to rt after any FErfomance conditions have IRen met. the amounts can be measured reliably, and it is probable that income 11 be received. Income is deferred only when the charity has to fulfil conditions before becoming fully entitled to It. or, where the donor has specified that the income is to be expended in a ftrture period. Cash donations are recognised on receipt. Other donations are reccrfJnised once the charity has been notified of the donation, unless perfomance conditions requife deferral of the amount. lrtome tax recoverable in relation to donations received under Gift Aid or deeds of covenant 15 recognised at time of the donation. Donated facilities are included at the value to the chartty where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for servi5 donated by volunteers. Granls, 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. government block grants. 12-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.5 Resources expended Expenditure is recognised once Ihere is a legal or constructive obligation to transfer economic i*nefit 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 dir costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated direcily to that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resour$. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the porlion 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 attrtbutable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities. 1.6 Tangible fixed assets Tangible fixed assets are inilially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses_ Depreciation is recogt7ised 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 Computers 2% straight line 250kn reducing balance The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date. the charity reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such IndatIOn exists, the recoverable amount ot the asset Is estimated in order to determine the extent of the iTnpairment loss (if any) 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. dePOSlts 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. 13-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continuedl 1.9 Financial 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 charty's balance sheet when the charity becomes party to the contractual provisions of the Instrument. Financial assets and liabilitie5 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 lo realise the asset and settle the liability simultaneously Basic financial assets Basic financial assets, which include debtor5 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 reiptS discounted at a market rate of interest. Financ5al assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, induding creditors and bank loans are initially recognised at transadion 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 carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classffied as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pri and subsequenlly ffleasured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liat)ilities are derecognised when the charity's coritractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefrts are recognised immediately as an expense when the charrty is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 14-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimates and judgements In the application of the charity's accounting policies. 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 experience and other factors that are considered to be relevant. Actual results may differ from these estimates The eslimates 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 only that period, or in the period of the revision and future periods where the revision affeds both current and future periods. Key sources of estimation uncertainty Tangible fixed 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 a 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. Donations and legacies Unrestricted Restricted funds funds general 2024 Total Unrestricted Restricted funds funds general 2023 Total 2024 2024 2023 2023 Donations and gifts 38,626 28.143 66.769 56,727 53,522 110,249 Donations and gifts Donations DOH core funding 38,626 38.626 28.143 56.727 56,727 53,522 28.143 53,522 38,626 28,143 66.769 56,727 53,522 110,249 Income from other trading activities Unrestricted Unrestricted funds funds 2024 2023 Income from other trading activities 54,227 3,850 15-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 30 Charitable activities 2024 2023 Incoming resources from charitable activities 1,691,831 1,914,075 Analysis by fund Unrestricted funds- general Restricted funds 27.696 1,664,135 22,723 1,891.352 1,691.831 1,914,075 16-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitable activities Total 2024 Total 2023 Direct Costs Staff costs Projects Training Counselling Clinical supervision Marketing and data management Fundraising General expenses Other staff costs Clinical consultation 1.317,692 56,090 18,276 343,222 15,592 32,802 10,850 3,478 12,526 17,000 1.167,199 60,478 56,717 409.759 10,990 17,565 10,670 6,705 34,080 1.827,528 1,774,163 Share of support and governance costs (see note 9) Support Governance 199,111 81,150 199,218 26,389 2.107,789 1.999,770 Analysis by fund Unrestricted funds Restricted funds 295,367 1.812,422 118.721 1,881,049 2,107,789 1,999,770 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(crediting}'. Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 4,800 29,320 4,800 27,401 17-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance costs costs 2024 Support costs Governance costs 2023 Depreciation Loss on disposal of fixed asset Telephone Insurance Bank interest and charges Information technology Sundry Legal and professional Subscriptions Printing and postage Stationery and photocopying Premises expenses 29,320 29,320 18.768 18,768 8.633 37,242 8,978 914 53,233 7,507 21,420 6,383 4.095 2.257 29,788 8,633 37,242 8,978 914 53,233 7,507 21.420 6,383 4,095 2,257 29,788 26,874 14,832 958 47,958 9,889 22,680 11,538 3.198 854 31.010 26,874 14.832 958 47,958 9.889 22.680 11,538 3,198 854 31,010 Audit fees Legal and professional Board costs 4.800 76.050 300 4,800 76.050 300 4,800 4,800 21,589 21,589 199,111 81.150 280,261 199.218 26,389 225,607 Analysed beeen Charitable activities 199.111 81,150 280,261 199.218 26,389 225.607 Governance costs includes payments to the auditors of £4.800 (2023- £4,800} for audit fees. 10 Directors None of the directors {or any persons connected with them) received any remuneration or benefits from the charity during the year {2023: none). 18-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees Number of employees The average monthly number of employees during the yearwas.. 2024 Number 2023 Number Permanent staff Directors 47 10 52 57 62 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 1.171,265 98,208 48,219 1,030.137 88,626 48,436 1,317,692 1,167,199 The senior management team of the charity comprises 8 (2023: 7) members of staff. the CEO, Early Intervention & Prevention Services Manager. HR Business Partner, Clinical Services Manager, Head of Professional Services, Head of People & Organisational. Comms and Engagement Lead and the Business SeNices Manager. The aggregate remuneration of this group was £417.789 (2022. £237.067). There were no employees whose annual remuneration was £60,000 or more (2022". none). 12 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 19-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tangible fixed assets Freehold land Fixtures and and buildings fittings Computers Totsl Cost At 1 April 2023 Additions 499.699 110,585 48,979 610,284 54.853 5,874 At 31 March 2024 499.699 159.564 5,874 665,137 Depreciation and impaimient At 1 April 2023 Depreciation charged in the year 29,973 9.987 75,706 18,232 105,679 29,320 1,101 At 31 March 2024 39.960 93,938 1.101 134.9g9 Carrying amount At 31 March 2024 459,739 65.626 4,773 530,138 At 31 March 2023 469,726 34,879 504,605 14 Debtor5 2024 2023 Amounts falling due within one year- other debtors Prepayments 225,157 4,776 360,726 4,100 229,933 364,826 15 Creditors: amounts falling due within one year 2024 2023 other taxation and social security Trade creditors other creditors Accruals and deferred income 30,957 112,964 138 4,800 29.495 86,891 5,697 7.578 148,859 129,661 16 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 48,219 48.436 -20-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Retirement benefit schemes (Continued) The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those ofthe charity in an independenlly administered fund. 17 Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes_ At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 MOD Believe & Beyond- RTE DOH Core Dormant Accounts Rank Foundation Your Choice- Enabling Young People ARC Bystander Project CSE The Ireland Fund Fixed Asset Helpline HSCB NIPS PACE pcsp WHSCT 800 14.340 28.143 30.138 43,615 (800) (14.340) (28.143) (50,053> {43.615) 19.915 62.255 124.510 10.917 34,520 9,993 (186.765) (10,917) (34.5201 (9,993} {2.327) (406,559) (853,956) (28.780) (99.433) (35,666) 16,555) 2.327 406,559 853.956 28.780 63.786 35.666 6,555 35.647 120,144 1.692,278 (1.812.422) -21
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Restricted funds {Continued) Previous year: At 1 April 2022 Incoming ources Resources expended Transfer5 At 31 March 2023 MOD BBC CIN Conexions Cybersafe Euro (Daphne) Cybervag DAF DOH Core Education Esme Fairburn Helpline HSCB Fixed Asset NIPS Believe and Beyond - RTE CSE Dfc DormantAccounts PACE Rank Foundation pcsp WHSCT 185,345 40.609 74,553 1123,090) 153.117) (103,321) 62,255 12.508 28.768 7,000 12,068 19.076 (7,0001 5,116 (17,184) {19,076) 53.522 (53.522) 13,587 72.244 113,5871 (72,244} 384,124 933,000 {384,124) (933.000) {648} (19,395) (63,984) (34.5201 (321) (30,085) (17,845) (14,000) (26,338) (6,5551 2.975 2,327 19,395 63,984 34,520 321 50.000 53,492 14,000 26.338 6.555 19,915 35,647 168.226 1,944.874 (1.881,049) (111,907} 120.144 Restricted funds are funds received for specified purposes within the overall aims of the charity. 18 Designated funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants whlch are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. Movement in funds Incoming Resources resources expended Balance at 1 April 2023 Transfers Balance at 31 March 2024 General funds Designated funds- Fixed asset fund 489.565 502.277 120,549 (266,047) {29.320) 157,1811 57,181 286,886 530,138 991.842 120.549 (295.367} 817,024 -22-
NORTHERN IRELAND RAPE CRISIS ASSOCIATION TRADING AS: NEXUS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Events after the reporting date There have been no material events. occurring after the reporting date that require adjustments to or disclosure in the financial statements. 20 Related party transactions 21 Cash generated from operations 2024 2023 IDeficit)Isurplus for the year (294,962} 28,434 Adjusiments for.. Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets {301 27,401 29,320 Movements in working capital= Decreasellincrease) in debtors Increasel(decrease) in creditors 134,893 19,198 <61,558) {61,7731 Cash absorbed by operations (111,5511 {67.5261 -23-