COMPANY REGISTRATION NUMBER: N1020966
CHARITh REGISTRATION NUMBER: NIC102992
Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Financial Statements
31 March 2024
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Disability Action {Nl) Employment & Training
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnuedj
Year ended 31 March 2024
Structure, governance and management
Disability Action (Nl) Employment & Training is a company limited by guarantee and a wholly owned
subsidiary of Disability Action INI).
Charitsble Status
Disability Action (Nl) Employment & Training has registered its charitable status with the Charity
Commission for Northem Ireland. Its Charity Number is NIC102992.
Recmiting and Appointing Trustees
The charity is govemed by up to three trustees selected by its parent company Disability Action INI)
and they are appointed by the board of Disability Action (Nll to confirm to the Memorandum and
Articles of Association.
Newly appointed trustees undergo an induction process and receive an induction pack. When
necessary. trustees are appointed to sub-committees which best match their skills and are supported
by the relevant senior stsff member.
The board meets quartely with sub-committees meeting on an ad hoc basis. The work of all
sub-committees is presented to the board for its approval and the board refers issues to specific
sub-committees. Each sub-committee contains at least one board member.
Rlsk Management Statement
The Board of Trustees conducts an ongoing review of the charity's operational risk management
pro￿sses. This has been established in order to mitigate the major risks to which the charity is
exposed.
Significant internal risks to funding have led to the development of a strategic plan which allows for the
diversification of charitable activities. In addition, corporate risk is managed by ensuring that
appropriate insurance cover is in place and adhering to rigorous internal financial controls.

Disability Action (Nl) Employment & Training
Company Limitsd by Guarantee
Trustees. Annual Report (Incorporating the Dlrector's Report) (contlnuedj
Year ended 31 March 2024
Objectives and activities
Disability Action's Strategic plan for 2022 26 sets out a vision of a truly inclusive society where our
mission is to support Human Rights for All. Our 5 key strategic principles are to
.AdvoGate for human rights for all
Change attitudes to enhance social inclusion and independence
Support through skills and employment
Educate to empower through training
Be a sustainable organisation
The charity manages the Employment Support Programme under contract with the Department for
Communities {DfC). This programme supports individuals with significant disabilities in employment.
The charity represents people regardless of their disability,. whether that is a physical, mental health.
sensory, hidden or leaming disability.
Disability Action (Nl), our parent company. is a member of a number of network organisations e.g
NICVA and Children Nl and has strong relationships with the private sector e.g Northern Ireland
Chamber of COmme￿e and Industry and publi¢ sector groupings e.g Equality Commission Benefit
from all these networks is shared with the charity.
strategic report
The following sections for achievements and performance and financial review form the strategic
report of the charity.
Achievements and perforniance
The Employment Support Scheme (ESSI is a legacy programme funded by Dfc. This programme will
end when all participants are moved on. Disability Action continue to support 33 people in various
organisation across Nl.
Flnancial ravlew
The charity's only source of funding is from the Department of Communities in relation to its core
services of Support in Employment and Support in Training. The main categories of expenditure are
direct staff cost5, representing 290h of revenues (2023-27%) and retention employees, representing
71,/0 revenues {2023-73¥0).
Tlie Norllieiii Ir¥l<ind Charities Pension Scheme (NICPS) Is a multl-employer flnal salary scheme
which was closed in 2009. There are currently 444 scheme members and 11 actively participaling
scheme employers. The overall scheme deficit identified by the September 2022 actuarial valuation
was £3.2mil.
The charity's share of the final salary deficit liability is reflected on the Statement of Financial Position
under the FRS102 accounting standard. The charity's liability as at 31 March 2024 was £312,323
based on the 2022 acturial valuation results and a deficit recovery period of 8 years from 1 August
2020 to 29 February 2028.

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Plans for future periods
The Department of Communities are undertaking a viability review of ESS in 24125
Trustees, responsibilities statement
The trustees. who are also directors for the purposes of company law, are responsible for preparing
the trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}.
Company law requires the charity trustees to prepare financial statements for each year which give
Irue and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the applicable Charities SORP-
makejudgments and accounting estimates that are reasonable and prudent
stste whether applicable UK Accounting Standards have been ft)Ilowed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in busines5.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable aGGuracy at any time the financial
position of the Gharity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
so far as they are aware, there is no relevant audit information of which the charity's auditor is
Ull(4Wdlg, diid
they have taken all steps that they ought to have taken as a trustee to make themselves aware of
any relevant audit information and to establish that the charity's auditor is aware of that
information.

Disability Action (Nl) Employment & Training
Company Limited by Guarantse
Trustees. Annual Report (Incorporating the Director's Report) fcontlnued)
Year ended 31 March 2024
The trustees, annual report and the strategic report were approved on 12th December 2024 and
signed on behalf of the board of trustees by..
M Douglas
Trustee

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Independent Auditor's Report to the Members of Disability Action {Nl)
Employment & Training
Year ended 31 March 2024
Opinion
We have audited the financial statements of Disability Action (Nll Employment & Training (the 'charity')
for the year ended 31 March 2024 which comprise the statement of financial activities (including
inGome and expenditure account), statement of financial position, statement of cash flows and the
related notes, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
standards, including FRS 102 The Financial Reporting Stsndard applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the ftnancial ststements-.
give a true and fair view of the state of the Gharity's affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the
year then ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted
Accounting Practice.,
have been prepared in accordance with the requirements of the Companies Act 2006.
Basi5 for opinlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS IUKI) and
applicable law. Our responsibilities under those standards are fijrther described in the auditors
responsibilities for the audit of the financial statements secb'on of our report We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'5 Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirement5. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to going concem
In auditing the financial statements, we have concluded that the trustees. use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charity's ability
to continue as a going concern for a period of at least twelve months from when the financial
ststements are authorised for issue.
Our responsibilitie5 and the responsibilities of the trustees with respect to going concern are described
in the relevant sections of this report.

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Disability Action (Nl)
Employment & Training {continuedJ
Year ended 31 March 2024
Other infomiation
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial ststements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a rnaterial misstatement in the financial statements or a
material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companles Act 2006
In our opinion. based on the work undertaken in the course of the audit-
the information given in the trustees, report for the financial year for which the financial
statements are prepared is consistent with the financial ststements., and
the trustees. report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by excèptlon
In the light of the knowledge and understsnding of the charity and its environment obtained in the
COLtrse of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion..
adequate accounting records have not been kept. or returns adequate for our audit have not
been re￿iVed from branches not visited by us., or
the financial ststements are not in agreement with the accounting records and retums,. or
certain disclosures of trustees, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Independent Auditor's Report to the Members of Disability Action (Nl)
Employment & Training f¢ontinued)
Year ended 31 March 2024
Responsibilities of trustees
As explained more fully in the trustees. responsibilities ststernenc the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such intemal control as
the trustees determine is necessary to enable the preparation of financial statements that are free
from material misstatement. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Independent Auditor's Report to the Members of Disability Action (Nl)
Employment & Training (continuèd)
Year ended 31 March 2024
Auditor's responsibilitles for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it
exists. Misstatements can arsse from fraud or error and are considered material if. individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material misstatements in respèct
of irregularities. including fraud. The extent to which our procedures a￿ Capable of detecting
irregularities, including fraud is detailed below.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud
and non-compliance with laws and regulations, we considered the following..
the nature of the industry and sector, control environment and business performance including
the design of the remuneration policies, key drivers for directors, remuneration, bonus levels and
performance targets.,
results of our enquiries of management about their own identification and assessment of the risks
of irregularities.,
any matters we identified having obtained and reviewed documentation of their policies and
procedures relating to-
identifying, evaluating and complying with laws and regulations and whether management
were aware of any instances of non-compliance..
detecting and responding to the risks of fraud and whether management have knowledge of
any actual, suspected or alleged fraud.,
the internal controls established to mitigate risks of fraud or non-compliance with laws and
regulations.
the matters discussed among the audit engagement team including significant component audit
teams and relevant internal specialists, including lax and valuations specialists regarding how and
where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within
the organisation for fraud and identified the greatest potential for fraud. In common with all audits
under ISAS (UK), we are also required to perform speGific proGedures to respond to the risk of
management override.
We also obtained an understanding of the legal and regulatory frameworks in operation. focusing on
provisions of those laws and regulations that had a direct effect on the determination of material
amounts and disclosures in the financial ststements. The key laws and regulations we considered in
this context included ongoing compliance with the UK Companies Act and tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on
the financial statements but compliance with which may be fundamental for their abilty to operate or to
avoid a material penalty.

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Independent Auditor's Report to the Members of Disability Action (Nl)
Employment & Training (continued)
Year ended 31 March 2024
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also=
Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the Gircumstan￿s, but not for the purpose of expressing an
opinion on the effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charity's ability to continue as a going
concern. If we Gonclude that a material uncertainty exists, we are required to draw attention in
our auditorfs report to the related disclosures in the financial statements or, if such disclosures
are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditor's report. However. future events or conditions may cause the charity
to cease to continue as a going concern.
Evaluate the overall presentstion, Structure and content of the financial ststements, including the
disclosures, and whether the f5nancial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
10

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Independent Auditor's Report to the Members of Disability Action (Nl)
Employment & Training fcontlnued)
Year ended 31 March 2024
As explained more fully in the Trustees, Responsibilities Statement (set out on page 4), the trustees
are responsible for the preparation of the financial statements and for being satisfied that they give a
true and fair view. Our responsibility is to audit and express an opinion on the financial statements in
accordance with applicable law and International Standards on Auditing IUKI. Those standards
require us to comply with the Financial Reporting Council's (FRC'S) Ethical Standard for Auditors,, in
the circumstances set out in note 27 to the financial Statements.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charity's member5 those matters we are required to state to them in an auditor's report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charity and the charity's members as a body, for our audit work, for this report,
or for the opinions we have formed.
Paul Dolan (FCAI (Senior Statutory Auditor)
For and on behalf of
Finegan Gibson Ltd
Chartered aGcountsnts & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
12th December 2024
11

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
ststement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Unrestricted
funds Total funds Totsl funds
2023
Note
Income and endowments
Charitable activities
Investment income
509,864
509,864
615.159
Total income
509,869
509,869
615,159
Expenditure
Expenditure on charitable activities
Total expenditure
648,898
648,898
663,209
648,898
648,898
663,209
Net expenditure and net movement In funds
{139,029) (139,029)
148,050)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
(308,678) {308,578) {260.5281
(447,607) (447,607) (308,578)
The statement of fi'nancial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 15 to 27 form part of these financial statements.
12

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
ststement of Financial Position
31 March 2024
2024
2023
Note
Current assets
Debtors
Cash at bank and in hand
14
48,200
106,512
29,242
202,496
231,738
154,712
Creditors: amounts falling due within one year
Net current liablllties
16
242,575
87,863
354,849
123,111
Total assets less current liabilities
(87,863) (123,1111
Creditors.. amounts falling due after more than one year
17
47,421
48,273
Provisions
19
312,323
137,194
(447.6071 (308,578)
Net liabilities
Funds of the charity
Unrestricted funds
(447,607) (308,578)
(447,607)
(308.578)
Total charlty funds
22
These financial statements were approved by the board of trustees and authorised for issue on 12th
December 2024. and are signed on behalf of the board by-
M Douglas
Trustee
P Bray
Trustee
The notss on pages 15 to 27 form part of these financial statements.
13

Disability Action {Nl) Employment & Training
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Note
Cash flows from operating activities
Net expenditure
1139,0291
148,050)
Adjustments for..
Other interest receivable and similar income
Accrued income
(51
(3,9281
{19,948)
Changes in."
Trade and other debtors
Trade and other creditors
Provisions and employee benefits
Cash generated from operations
{18,958)
{99.465)
175,129
12,253
136.481
(13.296)
67,440
(86,2561
Interest received
Net cash (used in)IfnJm operating activities
(86,251)
67,440
Cash flows from flnancing actlvlties
Proceeds from loans from group undertakings
Net cash used in financing activities
16,637)
{6,637)
(12,8641
(12,864)
Net {decrease)lincrease In cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
{92,888)
199,400
54,576
144.824
15
106,512
199,400
The notes on page5 15 to 27 form part of these financial ststements.
14

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General infonnation
The Charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is Portside Business Park, 189 Airport Road West, Belfast. BT3 9ED.
Statement of compllance
These financial ststements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Report¢ng Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities
SORP (FRS 1021) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of Certain financial assets and liabilities and investrnent properties measured at fair
value through income or expenditure.
The financial ststements are p￿pared in sterling, which is the functional currency of the entity.
Going concern
Disability Action (Nl} Employment & Training has significant contractual commitments to the
ost5 of paying for its share of the Northern Ireland Char(ties Pension Scheme's (NICPSI final
salary pension scheme deficit. Note 18 to the financial statements provides detailed information
on this pension scheme which was closed to new members in 2009. Disability Action (Nl)
Employment & Training is currently making a fixed annual payment to meet its share of the deficit
based on the latest (30th September 2022} scheme actuarial valuation. The liability for fvture
payments measured at their present value is recognised as a liability in the financial statements
and the Statement of Financial Position shows significant net liabilities as a result. The Trustees
are confident that annual fixed targets are set to ensure that the organisation is able to make
these annual deficit payments and remain financially sustainable.
Net liabilities on the Statement of Financial Position are £308,578. Liabilities include amounts
owed to group undertakings of £119,694. The Irustee5 are also trustees of Disability Action (Nl)
and they verify the ongoing financial support of the controlling charity to Disability Action (Nl)
Employment and Training.
The Trustees consider that there is no material uncertainty related to these events or Gonditions
and they therefore deem it appropriate to prepare financial statements on a going concern basis.
15

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Notes to the Financial Statements (conunuedj
Year ended 31 March 2024
Accounting policies (conllnugd)
Judgements and key sources of estimatlon uncertainly
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Significant Judgements
The judgements (apart from those involving estimations) that management has made in the
process of applying the entity's accounting policies and that have the most significant effect on
the amounts recognised in the financial statements are as follows-.
Management must choose an appropriate percentsge rate for discounting future payments in
order to value the pension liability disclosed in note 19.
Key Sources of estimation uncertainty
A￿OUntIng estimates and assumptions are made concerning the future and by their nature will
rarely equal the related actual outGome_ The key assumptions and other sources of estimation
uncertainty that have a significant risk of causing a material adjustment to the carrying amounts
of assets and liabilities within the next financial year are as follows..
The valuation of the pension liability is based on discounting future contributions to fund the fund
shortfall. Those contributions are based on current arrangements, but may be subject to change
in the future.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds eamarked by the trustees for particular future project or
commitment
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes- restricted income funds or
endowment funds.
16

Disability Action {Nl) Employment & Training
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 March 2024
Accountlng policies fconunued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity., it is probable that the economic benefits associated wtth the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categortes of income..
income from donations or grants is recognised when there is evidencè of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of Ihe goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and Services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
conlracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities. and the sale of donated goo(ts.
expenditure on charitable activities include5 all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising fund5 for the
¢.harity nnr part of its expenditure on charitable aclivities.
All costs are allocated to expenditure ¢ategories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activitie5 they contribute to on a reasonable, justifiable and con51Stent basis.
Tanglble assets
Tangible assets are initially recorded at Gost, and subsequently ststed at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
arnounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
17

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Notes to the Financial Statements (conllnuedj
Year ended 31 March 2024
Accounting policies (continuedj
Tangible assets (continuEdJ
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows:
Equipment
15 /0 Straight line
Impaimient of flxed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impairment5 are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a busines5 combination is. from the
acquisition dale, alloGated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other asset5 or liabilities of the charity
are assigned to those units.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants
are not recognised until there is reasonable assurance that the charity will comply with the
conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related condttion5 on the
recipient, it is recognised in income when the grant proceeds are received or receivable. Where
the grant does impose specified future performance-related conditions on the recipient, it is
recognised in income only when the performance-related conditions have been met. ￿ere
grants received are prior to satisfying the revenue recognition criteria, they are recognised as a
liability.
18

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Accounting pollcles fcontinuedj
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a
past event, it is probable Ihat the entity will be required to transfer economic benefits in
settlement and the amount of the obligation Can be estimated re5iably. Provisions are recognised
as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initialty measured at the best estimate of the amount required to settle the
obligation at the reporting date and subsequently reviewed at each reporting date and adjusted
to reftect the current best estimate of the amount that would be required to settle the obligation.
Any adjustments to the amounts previously recognised are recognised in income or expenditure
unless the provision was originally recognised as part of the cost of an asset. When a provision is
measured at the present value of the amount expected to be required to settle the obligation. the
unwinding of the discount is recognised as a finance cost in the statement of financial activities in
the period it arises, and is allocated to the appropriate expenditure heading.
Financlal Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Vvhere investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impaimient.
Other financial instruments, including derivatives, are initially recognised at fair value. unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate. in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
011 Igi fiiiai ILidl li i¥li uiii¥iils dl ¥ èiubsv4ugiilly IllVdbUI ¥iJ èJL fdil Vdlu&, will i illly Ll Idlly¥S
recognised in the statement of financial actsvities, with the exception of hedging instruments in a
designated hedging relatsonship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the stalernent of financial
activities in which the initial gain was recognised.
19

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Aceounting policies (continued)
Financial instruments (contlnuedj
For all equity instruments regardless of significan￿, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Defined contrlbutlon plans
Contributions to defined Contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid eontributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Limited by guarantee
Every member of the charitable company undertakes to contribute to the assets of the charitable
company, in the event of the same being wound up while it is a member. or within one year after
it ceases to be a member, for payment of the debts and liabilities of the charitable company
contracted before it ceases to be a member, and of the costs, charges and expenses of winding
up. and for the adjustment of the rights of the contributories among themselves, such amount as
may be required not exceeding £1.
Charltable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Training and employment agency
grants
Host employers
Other income
432,206
77.658
432.206
77,658
524,371
84,564
6,224
524,371
84,564
6,224
615,159
509,864
509.864
615,159
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
20

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Notes to the Financial Statements fct)ntinued)
Year ended 31 March 2024
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Fund5
Funds
2024
Funds
2023
Employment and training
Core
Support costs
644,416
644,416
657,470
1,031
4,708
657,470
1,031
4,708
4,482
4,482
648,898
648,898
663,209
663,209
Expendlture on charitsble activities by actlvlty type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Employment and training
Core
Governance costs
644,416
644,416
657,470
1,031
4,708
4,482
4.482
4,482
644,416
648,898
663,209
Taxation
The Company is a registered charity, and as such is entitled to tax exemptions on income and
profits in furtherance of the charity's prtmary objectives.
10. Auditors remuneratlon
2024
2023
Fees payable for the audit of the financial statements
4,990
4,200
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
116,837
6,913
186,764
134,503
9,447
98,371
310,514
242,321
The average head count of employees during the year wa5 8 {2023= 10).
21

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Notes to the Financial Statements (conllnued)
Year ended 31 March 2024
11. Staff costs (¢onlinu8d)
No employee received employee benefits of more than £60,000 during the year (2023.. Nill.
12. Trustee remuneration and expenses
No trustee received any remuneration or reimbursement of expenses from the charity during the
year.
13. Tangible fixed assets
Equipment
Cost
At 1 April 2023 and 31 March 2024
Depreclation
At 1 April 2023 and 31 March 2024
Carrylng amount
At 31 March 2024
18,921
18,921
At 31 March 2023
14. Debtors
2024
2023
Trade debtors
48,200
29,242
15. Cash and cash equivalents
Cash and cash equivalents comprise the following..
2024
2023
Cash at bank and in hand
Bank overdrafts
106,512
202.496
(3,096)
199.400
106,512
22

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
16. Creditors: amounls falllng due wlthln one year
2024
2023
Bank loans and overdrafts
Trade creditors
Amounts owed to group undertakings
Accruals and deferred income
Social security and other taxes
Pension contributions due
Other creditors
3,096
123,194
119,694
48.166
7,327
807
52,565
58,303
113,057
37,212
20,131
672
13,200
242,575
354,849
17. Creditors: amounts falling due after more than one year
2024
2023
TPT Pension- LT
47,421
48,273
18. Deferred Income
2024
2023
At 1 April 2023
Amount released to income
Amount deferred in year
At 31 March 2024
11,695
(11,695)
4,669
4,669
8,679
{8,679)
11,695
11,695
19. Provlsions
Penslons
and slmilar
obllgations
At 1 April 2023
Remeasurements
Deficit contributions paid
At Jl March 2024
137.194
206,554
(31,4251
a12,J4J
23

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
20. Pensions and other post retlrement benefits
The company participates in the scheme, a multi-employer scheme which provides benefits to
some 11 non-associated employers. The scheme is a defined benefit scheme in the UK.
It is not possible for the company to obtain sufficient information to enable it lo account for the
scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defi'ned
contribution scheme.
The scheme is subject lo the funding legislation outlined in the Pensions Act 2004 which carne
into force on 30 December 2005. This, together with documents issued by the Pensions
Regulator and Technical Actuarial Standards issued by the Financial Reports'ng Council, set out
the framework for funding defined benefit occupational pension scheme5 in the UK.
The scheme is classified as a 'last-man standing arrangemeny. Therefore the company is
potentially liable for other participating employers, obligations if those employers are unable to
meet their share of the scheme deficit following withdrawal from the scheme. Participating
employers are legally required to meet their share of the scheme deficit on an annuity purchase
basis on withdrawal from the scheme.
A full actuarial valuation for the scheme was carried out at 30 September 2022. This valuation
showed assets of £22.8m, liabilities of £26.Om and a deficit of £3.2m. To eliminate this funding
shorttall, the Trustee has asked the participating employers to pay additional contributions to the
scheme as follows..
From August 2020 to 29 February 2028.. £1.280,605 in total (payable monthly)
The recovery plan contributions are allocated to each partrGipating employer in line with their
estimates share of the scheme liabilities.
Vvhere the scheme is in deficit and where the company has agreed to a deficit funding
arrangement the company recognises a liability for this obligation. The amount recognised is the
net present value of the deficit reduction contribulions payable under the agreement that relates
to the deficit. The present value is calculated using the discount rate detailed in these
disclosures. The unwinding of the discount rate is recognised as a finance cost.
PRESENT VALUE OF PROVISION
2024
2023
2022
Present value of
provision
312,323
137,194
172,875
RECONCILIA TION OF OPENING AND CLOSING PROVISIONS
2024
2023
Provision at start of period
Unwinding of the discount factor (interest expense)
Deficit contribution paid
Remeasurements - impact of any changes in assumptions
Remeasurements - amendments to the contribution schedule
Provision at end of period
137,194
6,266
(31,425)
7,612
192,676
312,323
172,875
3,991
{31,4251
(8,247)
137.194
24

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Notes to the Financial Ststements (continuedj
Year ended 31 March 2024
INCOME AND EXPENDifuRE IMPACT
2024
2023
Interest expense
Remeasurements- impact of any change in assumptions
Remeasurements - amendments to the contribution schedule
Contributions paid in respect of future service"
Costs recognised in income and expenditure account
6,266
7,612
192.676
3,991
(8,247)
"includes defined contribution schemes and future Servi￿ contributions {i.e. excluding any deficit
reduolion payments) to defined benefit schemes which are treated as defined contribution
schemes. To be completed by the company.
ASSUMPTIONS
2024
2023
2022
Rate of discount
The discount rate5 shown above are the equivalent single discount rates which, when used to
discount the future recovery plan contributions due. would give the same results as using a full
AA corporate bond yield curve to discount the same recovery plan contributions.
21. Government grants
The amounts recognised in the financial statements for government grants are as follows-.
2024
2023
Recognised in creditors=
Deferred government grants due within one year
11,695
8,679
22. Analysls of charltsble funds
Unrestrlcted funds
At
31 March 202
At
1 April 2023
InGome Expenditure
General funds
{308.578)
509,869
(648,898) (447,607)
At
31 March 202
At
1 April 2022
Income Expenditure
General funds
(260,528)
615,159
{663,209) (308,578)
25

Disability Action (Nl) Employment & Training
Company Limited by Guarantee
Notes to the Financial Statements (conllnued)
Year ended 31 March 2024
23. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Provisions
154,712
154,712
{242,575) (242,575)
{47,421)
(47.421)
(312.3231 (312,323)
(447,607)
1447,607)
Net liabilitles
Unrestricted Totsl Funds
Funds
2023
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Provisions
231,738
231,738
(354,849) (354,849)
148,273)
{48,273)
(137,194) (137,194)
(308.578) (308,578)
Net liabilities
24. Analysis of changes in net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
Bank overdrafts
Debt due within one year
202,496
(3,096)
(119.694)
79,706
(95.984)
3,096
6,637
(86,251)
106,512
(113,057)
(6,545)
25. Contlngencie5
A contingent liability exists to repay grants and Trust monies received should ￿rtain conditions
not be fulfilled by the charity. In the opinion of the Trustees, the terms of the Letters of Offers
have been, or will be, complied with and no liability is expectsd.
26

Disability Action {Nl) Employment & Training
Company Limited by Guarantee
Notes to the Financial Statements l¢ontinued)
Year ended 31 March 2024
26. Relatsd partios
With Disability Action (NIJ
Relationship- Disability Action (Nl) is deemed to be the charitable company's parent company.
Nature of transactions during the year..
2024
2023
Amount owed to related paty at year end
62,940
69,578
Outstanding balances are unsecured and interest-free.
Wlth Disability Action Tradeable Servlces Llmlted
Relationship - Disability Action Tradeable Services Limited is a wholly owned subsidiary of
Disability Action (Nl).
Nature of transactions during the year:
2024
2023
Amount owed to related paty at year end
50.116
50,116
Outstanding balances are unsecured and interest-free.
The trustees of Disability Action (Nl) intend to offer ongoing financial support to Disability Action
(Nl) Employment & Training, which is considered to be a subsidiary entity. The financial
statements of Disability Action (Nl) Employment & Training as at 31 March 2024 show net current
liabilities of £87.863 non current liabilities of £47.421 and a pension provision of £312.323
resulting in total net liabilities of £447,607.
27. Ethical standards
In common with many other businesses of our size and nature we use our auditors to prepare
and submit returns to the tax authorities and assist with the preparation of the financial
statement5.
28. Taxation
I he Lompany Is a regislered charity, and as such Is entitled to tax exemptions on Income and
profits in furtherance of the charity's primary objectives.
27