COMPANY REGISTRATION NUMBER: N1020966 CHARITY REGISTRATION NUMBER: NIC102992 Disability Action (Nl) Employment & Training Company Limited by Guarantee Financial Statements 31 March 2025 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 Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directorfs report) Independent auditorfs report to the members Statement of financial activities (including income and expenditure account) 12 Statement of financial position 13 statement of cash flows 14 Notes to the financial statements 15
Disability Action (Nl) Employment & Training Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 The trustees. who are also the directors for the purposes of company law, present their report and tho financial slatements of the charity for the year ended 31 March 2025. Reference and administrative detalls Reglstered charlty namo Disability Action {Nl) Employment & Training Charlty roglstratlon number NIC102992 Company registration number N1020966 Principal office and registered Portside Business Park offlca 189 Airport Road West Belfast BT3 9ED The trustees P Bray G Maguir8 M Marshall J Carberry Company socretary A Brown Auditor Flnegan Glbson Ltd Chartered accountants & statutory auditor Causeway Tower g James Street South Belfast BT2 8DN
Disability Action (Nl) Employment & Training Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) fcontlnued) Year ended 31 March 2025 Structure, governance and management Disability Action {Nll Employment & Training is a company limited by guarantee and a wholly owned subsidiary of Disabilily Action INI). Charhable Status Disability Action (Nl) Employment & Trainlng has r8gist8red its charitable ststus with the Charity Commission for Northern Ireland. Its Charity Number is NIC102992. Recruiting and Appolntlng Trustees Th6 charity is governed by up to three trustees selected by its parent company Disability Action (Nl> and they are appointed by the board of Disabilrty Action {Nl) to confirm to the Memorandum and Articles of Association. Newly appointed trustees undèrgo an induction process and receive an induction pack. When necessary, trustees are appointed to sub-commillees which best match their skills and are supported by the relevant senior staff member. The board meets quartely wllh sub-committees meeting on an ad hoc basis. The work of all sub-committees is presented to Ihe board for ils approval and the board refers issues to specific sUCOmmItt6s. Each sub-committee contains at least one board member. Risk Management Statemont The Board of Trustèes conducts an ongoing review of the charity's operational risk management processes. This has been established in order lo 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 div6rsification of charitable activities. In addition, corporate risk is managed by ensuring that appropriate insurance cover Is in place and adhering to rigorous int8rnal financial controls.
Disability Action {Nl) Employment & Training Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnuedj Year ended 31 March 2025 Objectlves and activitiè5 Disability Action's Strategic plan for 2022 - 26 sets out a vision of a truly inclusiv8 soclety where our mission is to support Human Rights for All. Our 5 key strategic principles are to •Advocate for human rights for all Change attitudes to enhance social inclusion and independence Support through skills and &mployment Educate lo empower through training Be a sustainable organisation The charity manages the Employment Support Programme under contract with the Department for Communities {DfCI. This programme supports individuals with significant disabilities in employment. The charity represents people regardless of their disability,. whether that is a physical, menlal health. sensory. hldden or learning disability. Disability Action INII, our parent Company, is a member of a number of neOrk organisations e.g NICVA and Children Nl and has strong relationships with the private sector e.g Northem Ireland Chamber of Commerce and Industry and public sector groupings e.g Equality Commission Benefit from all these networks is sharad with the charity. Strategic report The following sections for achievements and performance and financial review fomi the strategic report of the charity. Achievements and performance The Employment Support Schem6 (ESS) is a legacy programme fund8d by Dfc. This programme will end when all participants are moved on. Disability Aclion continue to support 31 people in various organisation across Nl. Financial review The charitys only source of funding is from the 08partment of Communities in r81ation to its core servic8s of Support in Employment and Support in Training. The main categories of expendilure are direct staff costs, representing $8°A of revenues (2024-29%) and retention amployèes. representing 32 % revenues (2024_710/01. The Northem Ireland Charities Pension Scheme {NICPS) is a multi-employer final salary scheme which was closed in 2009. There are currently 444 scheme members and 11 actively participating 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 2025 was £288,409 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) fcontinu) Year ended 31 March 2025 Plans for future periods The Department of Communities have undertaken a consultation on ending the ESS.'Disability Action and many disabled peoples. represenlatives are vehemently opposed to closing Ihe scheme, risking the jobs of those supported through ESS. There has been no feedback frum the consultation process or indication of their intention. 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 Gharily trustees to prepare financial statements for each year which give a true and fair view of th8 State of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditur8, 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., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, sublect to any material departures disclosed and explained in the financial statements., prepare the finan¢i81 ststements on the golng concem basis unless It is inappropriate to presume that the charity will continue In business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accLJracy al any time the financial position of the charity 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 far the prevention and detection of fraud and Dther irregularities. Auditor Each of the persons who is a trustee at Ihe dale of approval of this report CDnfirms that- so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware" and Ihey have taken all steps that they ought to have taken as a tnjstee to make themselves aware of any relevant audil information and to estsblish that the charity's auditor is aware of that information.
Disability Action (Nl) Employment & Training Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {eontinu•d) Year ended 31 March 2025 The trustees, annual report and the strategic report were approved on 11 November 2025 and sign&d 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 2025 Opinion We have audited the financial ststements of Disability Action {Nll Employment & Training (the 'ch8riV) for the year ended 31 March 2025 which comprise the statement of financial activities {including income and expenditure account), slatement of financial position, slatem8nt of cash flows and the related notes, including a summary of Signifint accounting policias. The financial reporting framework that has been applied in their prèparation is applicable law and United Kingdom Accounting Standards, including FRS 102 Thé Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements.. give a true and fair view of the slate of the ¢haritVs affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; hav8 been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., have b88n pr8pared in accordance with Ihe r8quirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with Intsrnational Standards on Auditing (UK) IISAS (UKII and applicable law. Our responsibilities under those standards are further described in the auditorfs responsibilities for the audit of the financial slatements sedion of our report. We are Independenl 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'S Ethical Standard. and we have fulfi118d our other ethical responsibilities In accordanc8 Wlth thèse requiréments. We believe that the audit evidenc8 we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In audiling the financial statements, we have concluded thae the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropri8te. 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 slgnificant doubt on the charit$ ability biiiitii)ue as a yuiiiy LUllL¥llI Ivi d V¥IiULi uf dl led51 Iw¥lv¥ ii1uiillis Ii'uiii vwl)è11 1118 fiiiaiicial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in th8 relevant S8clions of this report.
Disability Action (Nl) Employment & Training Company Limited by Guarantee Independent Auditor's Report to the Members of Disability Action {Nl) Employment & Training (Gontlnued) Year ended 31 March 2025 Other Informatlon The other Information comprises the infomalion included in the annual r8POrt, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information 2nd, exc8Pt to the extent otherwise explicitly staled in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility IS to read the other infomation and, in doing so, consider whether the other informalion is materially inconsistent wilh the financial slalements 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 lo determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If. based on the work we hava 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 thls regard. Opinions on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken In the course ofthe 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 appllcable legal requirements. Matters on which we are required to report by exceptlon In the light of the knowledge and underslanding of the charity and its environment obtained in the course of the audit, we have not Idenllfied material misststements In the trustees, report. We have nothing to report in respect of the following matters in relation to which the Compani8s Act 2006 requires us to r8POrt to you if, in our opinion= adequate accounting records have nol been kept, or returns adequate for our audit have not been reiVed from branch8s not visited by us- or the financial statements are not in agreement with the accounting records and r8turns- or certain disclosures of trustees, remuneration specified by law are not made,. or we have not recèived all the infomiation 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 (eondnued) Year ended 31 March 2025 Responsiblllties of Irustees As explained more fully in the trustees, responsibilitles statement, 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 internal control as the trustees detemiine is necèssary to ènabla thè prèparation of financial ststements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trusteès ar6 responsible for assessing the charity's ability to continue as a going conM. disclosing, as applicable, matters related to going concem and using the going concem 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 fcontlnued) Year ended 31 March 2025 Auditorfs responsibilitie$ for the audlt of the flnanclal 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 eOr, and to issue an auditor's 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 arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic dècisions of users taken on the basis of these financlal 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 respect of irregularities, including fraud. The extent to which our proureS are capablé of detecting irregularities, including fraud is detailed b810w'. In identifylng and ass8ssing risks of material misstatement in respect of irreguSarities. including fraud and rtron-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. bonus18vels and perfomance targets: results of our enquiries of management about their own identification and assessment of the risks of irregularities., any matt8rs w8 identified having obtained and reviewed documentation of their policies and procedures relating to: identifylng, evaluating and complying with laws and regulatlons and whelher management were awar8 of any instances of non-compliance,. detecting and responding to the risks of fraud and wh8th8r 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 tax and valuations specialists regarding how and where fraud mlght occur in the financial statements and any potential Indlcators of fraud. As a result of these procedures, w8 considered the opportunlties and Incentlves that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAS (UKI, we are also required to perform specific procedures to respond to the risk of managémèht ovèrrlde. We also obtained an understandlng of the legal and regulatory frameworks in operation. focusing on provisions of those laws and regulalions Ihal had a direct effect on the determination of material amounts and disclosur8s in the financial statements. The k8y 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 statern8nts but compliance with which may be fundamental for their ability to operate or lo 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 fconllnued) Year ended 31 March 2025 As part of an audit in accordance with ISAS {UK), we exercise professional judgment and maintain professional sptiCIsM throughout the audit. We also: Identify and assess the risks of malerial misstatement of the financial statements, whether due to fraud or error, design and perform 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 froffl 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 a(Jdit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Ihe internal control. Evaluate the appropriateness of accounting policies used and the reasonablenes5 of accounting estimates and related disclosures mad8 by the trustees. Conclude on the appropriateness of the trustees. use of the going concern basi5 of accounting and. based on Ihe audit evidence obtained, whelher a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going conM. If we conclude that a material uncertainty exists. we are r6quir8d to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinlon. Our conclusions are based on the audlt evidence obtained UP lo 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 presentation, structure and content of the financial statements, includlng the disclosures, and whether the financial statements represent the underlying transaclions and events in a manner that achi8ves fair presentation. We communicate with those charged with govemance 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 (eontinu8dJ Year ended 31 March 2025 As explained more fully in the Trustèes. 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 {UK). Those siandards require us to comply with the Financial Reporting Council's IFRC's} Ethical Standard for Audttors., in the circumstances set out in note 26 to the financial ststements. Use of our report This report is made solely to the charitys mèmbers, 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 members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extént pemitted by law. we do not accept or assume responsibility to anyoné 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 IFCA) {Senior Slatutory Auditor) For and on behalf of Finegan Gibson Ltd Chartered accountants & ststutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN 11th November 2025 11
Disability Action (Nl) Employment & Training Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowmants Charitable activities Investment income 537,825 537,825 509,864 Total Income 537,831 537,831 509,869 Expenditure Expenditure on charitable activities Total expenditure 512,156 512,156 648,898 512,156 512,156 648,898 Net Incom81(expenditure) and net movement in funds 25,675 25,675 (139,029) Reconciliation of funds Total fvnds brought forward Total funds carriad forward {447,607) 1447,607) (308.578) (421,932) 1421,932) 1447,607) The statement of financial activities includes all gains and losses recognised in the year. All income and expendlture derive from continuing activities. Th8 notos on pages 15 to 27 form part of these financlal statemants. 12
Disability Action {Nl) Employment & Training Company Limited by Guarantee ststement of Financial Position 31 March 2025 2025 2024 Note Current assets Debtors Cash at bank and in hand 14 45,844 60,449 48,200 106,512 154,712 106,293 Creditors: amounts falllng dua withln one year Net current liabilities 15 203,219 242,575 96,926 87,863 Total assets less current Ilablllties 196,926) (87,863) Credltors: amounts falling due after more than one year 16 36,597 47,421 Provisions 18 288,409 312.323 Net liabilities 1421,932) (447,607) Funds of the charlty Unrestricted funds (421,932) (447,607) (421,932) 1447,607) Total ¢harlty funds 21 These financial ststem8ntS W8re approved by the board of truste8s and authorised for issue on 11th November 2025, and are signed on behalf of the board by: M Douglas Trustee P Bray Trustae Th8 notes on pages 15 to 27 form part of these financial ststaments. 13
Disability Action (Nl) Employment & Training Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operating activities Net incomel(expenditurel 25,675 1139,029) Adjustments for.. Other interest receivable and similar income Accrued expensesl{income) (6) 20,050 (5) 13,928) Changes in.. Trade and other debtors Trade and other credytors Provisions and employee benefits Cash gènerated from operations 2,356 (71,591) (23,914) (47,4301 {18,958) (99,465) 175,129 (86.256) Interest received Net Cash used in operatin9 activities (47.424) (86.251) Cash flows from flnancing activities Proceeds from loans from group undertakings Net cash froml(used in) financing activities 1,361 (6.637) (6,637) 1,361 Net decrease In cash and cash oqulvalents Cash and cash equivalents at beginning ot year Cash and cash Oqulvalents at end of yoar (46,063) 106,512 (92,888) 199,400 106,512 60.449 The notes on pages 15 to 27 fomi part of these financial sLitements. 14
Disability Action (Nl) Employment & Training Company Limited by Guarantee Notes to the Financial Ststements Year ended 31 March 2025 General inforniation 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 compliance These financial statements 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 accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical wst basis, as modified by the revaluation of certain financial assets and liabilitles and investrnent properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the fvndional currency of the entity. Going concern Disabllity Action (Nl) Employment & Training has significant contractual commltments to the costs of paying for its share of the Northem Irgland Charities Pension Scheme's (NICPS) final salary pension scheme deficit. Note 19 to the financial statements provides detailed informallon on this pension scheme which was closed to new members in 2009. Disability Action INI) Employmént & Training is ¢urrenlly making a fixed annual payment to mèet its share of the deficit based on the latest (30th September 2022} scheme actuarial valuation. The liability for future payments measured at their present value is recognised as a liability in the financial stslements and the Statement of Financial Position shows significant net liabilities as a result. The Trustees are confident that annual fi'xed targets are set lo ensure that the organisation is able to make these annual deficit payments and remain financially sustainable. Net liabililies on the Statement of Financial Position are £421,932. Liabilities include amounts owed to group undertakings of £114.418. The trustees are also trustees of Disability Action {Nll and they verify the ongoing financial support of the controlllng charity to Disability Action (Nl) Employment and Training. The Trustees consider that there is no material UnrtaintY related to these events or conditlons and they therefore deem it appropriate lo prepare financial statements on a going concem basis. 15
Disability Action (Nl) Employment & Training Company Llmited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 March 2025 Accounting policies (eontinued) Judgements and key sources of eslimation uncèrtainty The preparation of the financial statements requires management to make judgements. estimates and assumptions that affect the amounts reported. These esllmates and judgements are continually reviewed and are based on experien and other factors. including expectations of future 6vents that are believed to be reasonable under thè circumstances. Significant Judgements The judgements (apart from those involving estimatlons) thal management has made in the process of applying the entity's accounting policies and that have the most slgnificant effect on the amounts recognised in the financial statements are as follows.. Management must choose an appropriate percentage rate for discounting future payments in order to value the pension liability disclosed in note 19. Key Sources of estimation uncertainty Accounting estimates and assumptions are made concerning the future and by their nature will rarely 8qual thè related actual outcome. 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 wlthln 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 lo change in the fvture. Fund accounting Unréstricted 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 ttustees for particular future project or commitment. Restricted funds ar8 subjected lo restrictions on their 8xpenditure 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 fcontlnued) Year ended 31 March 2025 Accounting pollcles {contlnued) Incomlng resources All incoming resources are included in the ststement of financial activities when entidement has passed to the charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donattons or grants is recognised when there is evidence of entitlement to Ihe 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 the goods unless this is impraclical 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 recelved rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from conlracts for the supply of seN1$ is recognised with the dèlivery of the contracted service. This is Classified as unrestricted funds unless there is a contractual requirement for tt to b8 spént on a particular purpose and returned if unspent. in which cas8 it may be regarded as restricted. Resources expended Exp8nditure is r8cognlsed on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannol be fully recovered, and is dassified under headings of the statement of financial activlties to which it rèlates: expenditure on raising funds includes the cosls of all fundraising activities, events, non-charitsble trading activities, and the sale of donated goods. expenditure on charilable activities includes all costs incurred by a charity In undertaking activities that further its charitable aims for the benefit of its beneficiari8s, including those support costs and costs r8lating to thè govemance of the charity apportioned to charitable activities. other expenditure inciudes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resourc8. Dlrect costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned bemeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequenlly stated at cost less any accumulated depreciation and impairment losses. Any langible assets carried at revalued amounts are recorded at the fair value at the date of revaluation 18ss any subsequent accumulated depreciation and subsequent accumulated impaiment losses. 17
Disability Action (Nl) Employment & Training Company Limited by Guarantee Notes to the Financial Statements (contlnu Year ended 31 March 2025 Accounting policies (conllnued) Tangible assets (¢onllnuedJ An increase in the carrying amount of an asset as a résult of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairmenl that has previously been recognlsed as èxpenditure within the statement of financial activities. A decréase in the carying amounl of an asset as a r6suIt of revaluation, is recognis6d in oth8r rècognised gains and losses. except to which it offsets any previous revaluation gain, in which case the loss is shown within othtsr 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 thal asset as follows: Equipment 15 % straight line Impairnient of fixed 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 accordlngly. Prior impalmients are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to eslimate 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 id&ntrfiable group of assets that includes Ihe asset and generates cash inflows that largely independent of the cash inflows from othèr assets or groups of ass8ts. For impainnent testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those unlts. Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants ar8 not recognised until there is reasonable assuran that the charity will comply with the conditions attaching to them and the grants will be received. Where the grant doès not impose specified future performance-related conditions on tha 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. Whera grants received are prior to satisfying the revenue recognition criteria, they are recognised as a 18
Disability Action (Nl) Employment & Training Company Llmlted by Guarantee Notes to the Financial Statements {continu8d) Year ended 31 March 2025 Accounting policies (Continued) Provisions Provisions are recognised when the entity has an obligation at the reporting date as a result of past event. it is probable that Ihe entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimaled raliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an axpense. Provisions are initially measured at the best estimate of th6 amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusled to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previousty recognised are recognised in income or expenditure unless the provision was originally recognised as part of thè cost of an asset. When a provision is measured at the present valu6 of the amount expected to be required to settl6 thé 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 8xpendlture heading. Financial instruments A financial asset or a financial liability is recognised only wh8n the charity becomes a party to the contractual provisions of the Instrumenl. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Currenl assets and current liabilities are subsequentiy measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in sharès are publlcly 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 impairment. Other financial instruments, including derivatives, ar8 initially recognised at fair value, unléss payment for an asset is d6ferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measuréd at the presenl value of the future payments discounted at a market rate ot Interest tor a similar debt IrbSt(uthètlt. Other financial Instruments are subsequently measured at fair value. with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are revlewed for objective evidence of impaiment at the end of each reporting date. If Ihere is objective eviden of impaimient, an impaimient loss is recognised under the appropriate heading in the ststement 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 (ntInUed) Year ended 31 March 2025 Accounting policies (¢ontlnugd) Financial instruments (¢ontInu} For all equity instruments regardless of significance, and other financial assels that are individually significant, these are assessed individually for impairment. Other financlal 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 th8 financial asset that eXedS what th8 carrying amount would have been had the impairment not previously been recognlsed. Defined Contrlbutlon plans Contributions to defined contribution plans are recognised as an expense in tha period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that th8 prapaymgnt will lead to 8 reduction in fvture payments or a cash refund. When conlrlbutions are not expeded to be settled wholly within 12 months of the 8nd of the reporting date in which the employees render the related seNice, 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 charilable company contracted before it ceas8S to be a member. and of the costs, charges and expenses of winding up, and for th8 adjustment of the rights of the contributories among themselves, such amount as may be required not exceeding £1. Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Training and employment ag6ncy grants Ho$t •mploy•r$ 450,726 87,099 450,726 87,099 432,206 77,658 509,864 432,206 77,658 509,864 537,825 537,825 Inveslmont incomo Unrestricted Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Bank interest receivable 20
Disability Action (Nl) Employment & Training Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 Expendituro on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Employrllent and training Support costs 507,156 5.000 507,156 5,000 644.416 4,482 644,416 4.482 512.156 512.156 648,898 648,898 Expenditure Dn charitable activities by activity type Artivities undertaken directly Support Costs Total funds 2025 Total fund 2024 Employment and training Govemance costs 507.156 507,156 5,000 644.416 4,482 648,898 5,000 5,000 507.156 512,156 Taxation The Company is a registered charity, and as such is entlued to tax exemptions on income and profits in furtherance of the charity's primary objectives. 10. Audltors remuneratlon 2025 2024 Fees payable for the audit of the financial statements 5,000 4,990 11. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 111,200 7.078 23,222 116,837 6,913 186,764 141.500 310,514 The average head count of employees during the year was 712024- 81. The average number of full-time equivalent employees during the year is analysed as follows.. 2025 2024 No. Number of staff No employee received employe8 benefits of more than £60,000 during the year (2024.. Nil). 21
Disability Action {Nl) Employment & Training Company Limlted by Guarantee Notes to the Financial Statements {continu8dJ Year ended 31 March 2025 12. Trusteè rèmuneration and expenses No trustee received any remuneration or reimbursement of expenses from the charity durtng the year. 13. Tangible fixed a55et5 Equipment Cost At 1 April 2024 and 31 March 2025 Depreciation At 1 April 2024 and 31 March 2025 Carrying amount At 31 March 2025 18.921 18.921 At 31 March 2024 14. Debtors 2025 2024 Trade debiors 45,844 48,200 15. Creditors: amounts falllng due wlthln one year 2025 2024 Trade creditors Amounts owed to group undertakings Accruals and deferred income Social security and other taxes Pension contributions due Other creditors 17,634 114,418 52,593 9,338 612 8.624 58,303 113,057 37,212 20,131 672 13,200 203,219 242,575 46. Creditors." amounts talling due after more than one year 2025 2024 TPT Pension - LT 36,597 47.421 22
Disability Action (Nl) Employment & Training Company Limited by Guarantee Notes to the Financial Statements (c<>nthiued) Year ended 31 March 2025 17. Deferred income 2025 2024 At 1 April 2024 Amount released to income Amount deferred in year At 31 March 2025 4,669 {4,669) 11,695 (11,695) 4.669 4,669 18. Provlslons Pensions and similar obllgatlons At 1 April 2024 other movements Contribution paid At 31 March 2025 312,323 7.511 (31,425) 288,409 23
Disability Action (Nl) Employment & Training Company Limlted by Guarantee Notes to the Financial Statements (oontinuedj Year ended 31 March 2025 19. Pensions and other post retirement benefits The company participates in the scheme, a mulli-employer scheme which provides benefits to some 11 non-associated employers. The scheme is a defined benefft scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribulion scheme. The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 December 2005. This, together with documents issued by the Pensions Regulator and Technical Acluarial Stsndards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK. The scheme is classified as a 'last-man standing arrangement,. Therefore the company is potentially liable for other participating employers. obligatlons rf those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. PartiClP8ting 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 shortfall, the Trustee has askèd the participallng 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 participaling employer in line with their estimates share of the scheme liabilities. Where 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 contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disdosures. The unwinding of the disUnt rate is recognised as a finance cost. PRESENT VALUE OF PROVISION 2025 2024 2023 2025 2025 Present value of provision 288.409 312,323 137,194 RECONCILIA TION OF OPENING AND CLOSING PROVISIONS 2025 2024 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 312,323 13,915 (31,425) (6,404) 137,194 6,266 (31,425) 7,612 192,676 312,323 288,409 24
Disability Action (Nl) Employment & Training Company Limited by Guarantee Notes to the Financial Statements (¢onllnuedJ Year ended 31 March 2025 INCOME AND EXPENDITURE IMPACT 2025 2024 Interèst expense Remeasurements- impact of any change in assumptions Remeasurements- amendments to the contribution schedule Contributions paid in r8spect of future service. Costs recognised in income and expenditure account 13,915 (6,404) 6,266 7.612 192,676 'includes defined contribution schemes and future Servi contributions li.e. excluding any deficit reduction payments) to defined benefit schemes which are treated as defined contribution schemes. To be completsd by the company. ASSUMPTIONS 2025 2024 2023 Rate of dlscount The discount rates shown above are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give th8 sam8 results as using a full AA corporate bond yield curve to discount th8 sam8 recovery plan contributions. 20. Government grant5 The amounts recognised in the financial statements for govemm8nt grants are as follows: 2025 2024 Recognised in creditors-. Deferred government grants due within one year 4,669 11,695 21. Analysls of charltable funds Unrestrfctod funds At 31 March 202 At 1 April 2024 Income Expenditure General funds (447.607) 537,831 1512,156) (421,932) At 31 March 202 At 1 April 2023 Income Expenditure General funds (308,578} 509,869 1648,8981 {447.607) 25
Disability Action (Nl) Employment & Training Company Limited by Guarantee Notes to the Financial Ststements (contlnvodj Year ended 31 March 2025 22. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Current assets Creditors less Ihan 1 year Credilors greater than 1 year Provisions 106,293 106,293 (203.219) 1203,219) (36.5971 {36,597) (288,409) (288,409) 1421,932) 1421,932) Net liabilities Unrestricted Total Funds Funds 2024 Current assets Creditors18SS than 1 year Creditors grealer than 1 year Provisions 154.712 154,712 {242.575) 1242,575) (47,4211 {47,421) {312,323) 1312,323) (447.607) (447,607) Not Ilabllllles 23. Analysis of Changes In net debt At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand Debt due within one year 106,512 (113,057) (6,545) (46,063) 60,449 (1,361) 1114,418) (47,424) (53,969) 2& Contingencies A contingent liability exists to repay grants and Trust monies received should certain condFtions 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 expected. 26
Disability Action (Nl) Employment & Training Company Llmlted by Guarantee Notes to the Financial Statements fcontinuedj Year ended 31 March 2025 25. Related parties th Dlsability Action (Nl) Relationship - Disablllty Action (Nl) is deemed to be the charftabl8 company's parent company. Nature of transactions during the year: 2025 2024 Amount owed to r91atgd party at year end 64,302 62,940 Outstanding balances are unsecured and interest-free. With Disability Action Tradeable SeThlces Llmlted Relationship - Disability Action Tradeable Services Limited is a wholly owned subsidiary of Disability Action (Nl). Nature of transactions during the year: 2025 2024 Amount owed to related party at year end 50,116 50,116 Outstanding balances are unsecured and interest-free. The trustees of Disability Action (Nl) Intend lo offer ongoing flnanclal support to Disability Action (Nl) Employment & Training, which is considered to be a subsidiary entity. The financial ststements of Disability Action INI) Employment & Training a5 at 31 March 2025 show net current liabilities of £96,926 non current liabilities of £36,597 and a pension provision of £288.409 resulting in total net liabilities of £421,932. 26. Ethical standards In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to thè tax authorities and assist wllh the praparatlon of the financial stst8ments. 27
Disability Action (Nl) Employment & Training Company Limited by Guarantee Management Infomiation Year ended 31 March 2025 The following pages do not fomi part of the flnanclal statements. 28
Disability Action (Nl) Employment & Training Company Llmlted by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowments Charitsble actlvltles Training and employment agency'grants Host employers 450.726 87,099 432,206 77,658 537,825 509,864 Investment Incom• Bank interest receivable Totsl incomo 537,831 509,869 29
Disability Action {Nl) Employment & Training Company Limited by Guarantee Notes to the Detailed Statement of Financial Activltles Year ended 31 March 2025 2025 2024 Expenditure on charitable actlvltles Employment and tralnlng Actlvlties undertaken directly Wageslsalariès Employerfs NIC Pension costs General expenses Bad debt ReVDir Gross Pay ES Admin fee 111,200 7,078 23,222 29 1,827 361,923 1,877 116,837 6.913 186,764 1.592 330,433 1,877 644,416 507,156 Governance costs Audit fees Legal and other prof8ssional fèes 5,000 4,990 {508) 4,482 5,000 Expendlture on Charitsble activities 512,156 648,898 Net incomel(expenditure) 25,675 1139,029) 30