Charity registration number 103109 Company registration number N1055942 {Northern Ireland) NORTHWEST COUNSELLING LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023
NORTHWEST COUNSELLING LIMITED CONTENTS Page Charity Information Trustees, report Independent exarninerfs report Statement of financial activities Balance sheet Notes to the financial statements 7-14
NORTHWEST COUNSELLING LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees R Craig N Gahan Charity number 103109 Company number N1055942 Registered office Unit 8 The Vale Centre Greysteel Co Londonderry BT47 3GE Independent examiner Moore INI) LLP 21123 Clarendon Street Londonderry BT48 7EP Bankers Danske Bank Donegall Square West Belfast BT1 6JS
NORTHWEST COUNSELLING LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JULY 2023 The trustees present their report and accounts for the year ended 31 July 2023. The Trust is a charitable company limited by guarantee and accepted as a charity by HM Revenue and Customs under reference N100229. The accounts have been prepared in a¢¢ordance with the a¢¢ounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (as amended for accounting periods commencing from 1 January 2016) Objectives and activities The principal activity of the company is to promote the use of counselling in the local area and to provide counselling services for those in need. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance During the year the charity continued to strive to achieve their objectives of providing counselling services to those in need. The organisation was able to push forward with fund raising and grant applications on the basis of their charitable status. Last year the total number of clients seen by the organisation was 242. Financial review The results for the year are set out on page 5. Total incoming resources for the year decreased to £129,856 (2022 - £137,669) of which 911 was generated by charitsble activities. School's income continued to increase however. Trust and donations income decreased. Totsl resources expended increased to £166,328 {2022 - £122.004) of which 990/0 was expended on direct activities. Counselling fees increased by £40,181 to facilitate increased services to School's. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to beeen three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. Resepies Policy The Trust aims to continue to increase reserves to ensure the stability of its services. employment and evèryday operations of the organisation. Risk Management In accordance with good practice. the charity is developing a Risk Management Policy and is completing a risk assessment. A Corporate Risk Register is being drawn up to prioritise the risks requiring action. The Risk Register will be reviewed and updated on a regular basis or as soon as a potential risk is identified. Analysis for each risk will be detailed in the Risk Register together with the controls currently in place to mitigate the risk and the further actions required to minimise the risk. Going Concern The Trustees have a reasonable expectstion that the Trust has adequate resources to continue in operational existence for the foreseeable future. The principal factors underlying this judgement include- Current levels of financial performance by comparison with budgeted expectations; Continuing support from local bodies Accordingly, the Trust continues to adopt the going concern basis of accounting in preparing the annual financial statements.
NORTHWEST COUNSELLING LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Structure, governance and management The charity is a company limited by guarantee and is governed by its Memorandum and Articles ofAssociation. The trustees, who are also the directors for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were- R Craig N Gahan Appointment of Trustees The Charity Trustees are also Directors of the company. A Trustee is initially elected by the Board in accordance with the Memorandum and Articles of Association. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Organisation The Board of Trustees which administers the Trust meets throughout the year as required. Public Benefit The objectives of the Trust are as listed. The Trust has considered the UK Charity Commission's guidance on public benefit and plans to ensure that it provides public benefit and achieves its objectives as set out in the Trust's Memorandum and Articles of Association. The direct benefits to the individuals using the service include-. The advancement of health and the saving of lives; The advancement of citizenship and Community development. and The relief of those in need by reason of ill-health, disability, or other related disadvantages. The trustees give careful consideration to accessibility for all without discrimination on grounds of politics, religion, race. social or economic background. Th stees. report was approved by the Board of Trustees. R Craig Trustee Dated: 14 May 2024
NORTHWEST COUNSELLING LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTHWEST COUNSELLING LIMITED We report to the trustees on our examination of the financial statements of Northwest Counselling Limited (the charity} for the year ended 31 July 2023. Responsibilities and basis of report As the tnjstees of the Gharity (and also its directors for the purposes of Gompany lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied ourselves that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eSigible for independent examination, we report in respect of our examination of the charity's financial statements carried out under section 65 of the Charities Act. In carrying out our examination we have followed all the applicable Directions given by the Charity Commission for Northern Ireland under section 65191(b} of the Charities Act. Independent examinerfs statement We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any rnaterial respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act. or the financial statemènts do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102>. We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Moore (Nl) LP 21123 Clarendon Street Londonderry BT48 7EP Dated: 14 May 2024
NORTHWEST COUNSELLING LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2023 Unrestricted Restricted funds funds 2023 2023 Total Unrestrlcted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income from: Grants & donations Charitable activities 11,679 118,177 11,679 118,177 19,020 118,649 19,020 118,649 Total income 129,856 129,856 137.669 137,669 enditure on". Charitable activities 165,892 436 166,328 121,568 436 122,004 Net (outgoing)lincoming resources {36,036) (436) (36,472) 16,101 (436) 15,665 Net movement in funds (36,036) (436) (36,472) 16,101 (436) 15,665 Fund balances at 1 August 2022 62,320 6,775 69,095 46,219 7,211 53,430 Fund balances at 31 July 2023 26,284 6,339 32,623 62,320 6,775 69,095 The statement of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
NORTHWEST COUNSELLING LIMITED BALANCE SHEET ASAT31 JULY2023 2023 2022 Notes Fixed assets Tangible assets 10 7,261 5.118 Current assets Debtors Cash at bank and in hand 11 6,715 23,934 19,759 48,354 30,649 68,113 Creditors: amounts falling due within one year 12 5,287 4.136 Net current assets 25,362 63,977 Total assets less current liabilities 32,623 69,095 The funds of the charity Restricted income funds Unrestricted funds 13 6,339 26,284 6,775 62,320 32,623 69,095 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006. for the year ended 31 July 2023. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial ststements were approved by the trustees on 14 May 2024 R Crai Trustee Company registration number N1055942 {Northem Ireland)
NORTHWEST COUNSELLING LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Accounting policies Charity information Northwest Counselling Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Unit 8, The Vale Centre, Greysteel, Co Londonderry, BT47 3GE. 1.1 Accountlng convention The accounts have been prepared in accordance with the charity's Memor8ndum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods Commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial ststements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted fvnds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capitsl must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to tt after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or othemise if the charity has been notified of an impending distribution, the amount is known, and re¢eipt is expected. If the amount is not known, the legacy is treated as a Contingent asset. 1.5 Expenditure Expenditure is recognised once there is a legal or construclive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes the Costs of services undertaken lo further the purposes of the charity and their asso¢iated support costs.
NORTHWEST COUNSELLING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Accounting policies (Continued) 1.6 Tangible fixed assets Tangible fixed assets are initl8lly measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaiment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Fixtures and fittings 100/0 Straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the ststernent of financial activities. 1.7 Impairment of fixed assets At ea¢h reporting end date, the charity reviews the Carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tem liquid investments with original maturities of threè months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial 2ssets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently Garried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is rneasured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not arnortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequentiy measured at amortised cost using the effective interest method.
NORTHWEST COUNSELLING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Accounting policies (Continued) Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Critical accounting estimates and judgements In the application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sour¢es. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Grants & donations Unrestricted Unrestricted funds funds 2023 2022 Donations and gifts 11,679 19,020 Donations and gifts Inner City Trust Donations Eurospar 7,000 4,679 7,000 1,925 10.095 11,679 19,020
NORTHWEST COUNSELLING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Charitable activities Charitable Charitable Income Income 2023 2022 Counselling fees 118,177 118.649 Charitable activities Charitable Charitable Expenditure Expenditure 2023 2022 Staff costs Depreciation and impaimient Counsellors fees 20,518 1,036 128,502 18,393 718 88,321 150,056 107,432 Share of support costs (see note 6} Share of governance costs {see note 6) 14,609 1,663 12,927 1,645 166,328 122,004 Analysis by fund Unrestricted funds Restricted funds 165,892 436 121,568 436 166,328 122,004 10-
NORTHWEST COUNSELLING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Support costs allo¢ated to activities 2023 2022 Rent & Rates Insurance Light & Heat Repairs & Renewals Service charge payable Printing, postage & stationery Telephone Sundry Bank charges Govemance costs 4,560 2,860 2,076 780 832 1,023 1,252 1,103 123 1,663 4,560 1,774 1,758 972 832 766 1,084 1,114 67 1,645 16,272 14,572 Analysed between: Charitable activities 16.272 14,572 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. Employees The average monthly number employees during the year was- 2023 Number 2022 Number Employees Employment costs 2023 2022 Wages and salaries 20,518 18,393 There were no employees whose annual remuneration was more than £60,000. Taxation The charity is exempt from taxation on its activities because all its income is applied for Charitable purposes. 11
NORTHWEST COUNSELLING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 10 Tangible fixed assets Fixtures and fittings Cost At 1 August 2022 Additions 11,785 3,179 At 31 July 2023 14,964 Depreciation and impairment At 1 August 2022 Depreciation charged in the year 6,667 1,036 At 31 July 2023 7,703 Carrying amount At 31 July 2023 7,261 At 31 July 2022 5,118 11 Debtors 2023 2022 Amounts falling due within one year: Trade debtors Prepayments and accrued income 5,591 1,124 18,626 1,133 6,715 19,759 12 Creditors: amounts falling due within one year 2023 2022 other taxation and social security Trade creditors other creditors Accruals and deferred income 185 3,390 62 1,650 43 2,430 13 1,650 5,287 4,136 12-
NORTHWEST COUNSELLING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 13 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 August 2022 Resources expended At 31 July 2023 6.775 (436) 6,339 Previous year: At 1 August 2021 Resources expended At 31 July 2022 7,211 (436> 6,775 14 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside OLJt of unrestricted funds by the trustees for specific purposes. At 1 August 2022 Incorning resources Resources expended At 31 July 2023 General funds 62,320 129,856 (165,892) 26,284 Previous year: At 1 August 2021 Incoming resources Resources expended At 31 July 2022 General funds 46,219 137,669 (121,568) 62,320 15 Analysis of net assets between funds Unrestricted funds 2023 Restricted funds 2023 Total 2023 Fund balances at 31 July 2023 are represented by: Tangible assets Current assetsl(liabilities) 4,206 22,078 3,055 3,284 7,261 25,362 26,284 6,339 32,623 13-
NORTHWEST COUNSELLING LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 15 Analysis of net assets between funds (Continued) Unrestricted funds 2022 Restricted funds 2022 Total 2022 Fund balances at 31 July 2022 are reprèsented by: Tangible assets Current assetsl{liabilities) 1,627 60,693 3,491 3,284 5,118 63,977 62,320 6,775 69,095 16 Related party transactions There were no disclosable related paty transactions during the year (2022 - none). 14-