Company Registration Number: NI038784 HM Revenue & Customs Charity Registration Number: XR28895 NI Charities Commission Reference Number: NIC103426
(Private Company, limited by guarantee without Share Capital Exempt from using Limited)
Report and Financial Statements for the year ended 31st March 2024
Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE
Sustainable Northern Ireland Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31st March 2024
| Notes | Totals 2023 £ Totals 2024 £ Restricted funds £ Unrestricted Funds £ |
|---|---|
| Fund balances carried fwd at 31st March Fund balances brought fwd at 1st April Reconciliation of funds Net movement in funds for the year 10 Transfers between funds Net income / (expenditure) for the year Total expenditure 4 Depreciation of assets 4 Other expenses 4 Legal & professional fees On other items 4 Programme costs 4 General administration costs 4 Travel & training costs 4 Premises costs 4 Employee costs on charitable activities 4 Promotional costs on raising funds Expenditure Total income 3 Investment income from other activities 3 Other sources 3 Business income and sponsorship from charitable activities 3 Grants 3 Donations from donations and legacies Income |
356 459 - 459 60,000 60,000 - 60,000 16,250 21,050 - 21,050 78,000 72,449 - 72,449 - 0 - - |
| 154,606 153,958 0 153,958 |
|
| - 0 - - 1,372 742 - 742 3,551 9,625 - 9,625 1,682 1,166 - 1,166 7,998 21,899 - 21,899 3,129 1,319 - 1,319 7,531 5,474 - 5,474 120,829 143,898 - 143,898 4,434 179 - 179 |
|
| 150,526 184,302 0 184,302 |
|
| - 0 - - 4,080 (30,344) 0 (30,344) |
|
| 71,893 75,973 - 75,973 4,080 (30,344) 0 (30,344) |
|
| 75,973 45,629 0 45,629 |
The statement of financial activities includes all gains and losses in the year.
The notes on pages 15 to 21 form part of these financial statements.
Page 12 of 21
Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE
Sustainable Northern Ireland Statement of Financial Position (Balance Sheet) as at 31st March 2024
| Notes | 2023 £ 2024 £ |
|---|---|
| Total funds 16 Environmental Fund 16 Single Use Plastic (SUP) Project Restricted income funds: 16 General funds Unrestricted income funds: The funds of the charity Net assets Creditors:amounts falling due after more than one year TOTAL ASSETS LESS CURRENT LIABILITIES Net current assets 13 Creditors:amounts falling due within one year Cash at bank and in hand 12 Receivables Current Assets 11 Tangible assets Fixed Assets |
- - |
| 0 0 |
|
| 79,784 59,888 756 2,130 |
|
| (4,567) (16,389) 80,540 62,018 |
|
| 75,973 45,629 |
|
| - - 75,973 45,629 |
|
| 75,973 45,629 |
|
| 75,973 45,629 |
|
| - - - - 75,973 45,629 |
|
| 75,973 45,629 |
The notes on pages 15 to 21 form part of these financial statements.
For the year ending 31st March 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements on pages 3 to 21 were approved by the Board of Directors on 10th December 2024 and signed on their behalf by:
Rachael Singleton Chair of Board of Directors
Keith Patterson Treasurer
Page 13 of 21
Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE
Sustainable Northern Ireland Statement of Cash Flows for the year ended 31st March 2024
| Notes | 2023 £ 2024 £ |
|---|---|
| Net funds at 31st March 2024 Net funds at 1st April 2023 (Decrease) / increase in cash for the year Reconciliation of net cash flow to movement in net funds (Decrease) / increase in cash for the year 11 Capital expenditure 18 Returns on investment and servicing of finance 17 Net cash (outflow) / inflow from operating activities |
- - 356 459 5,939 (20,355) |
| 6,295 (19,896) |
|
| 73,489 79,784 6,295 (19,896) |
|
| 79,784 59,888 |
The notes on pages 15 to 21 form part of these financial statements.
Page 14 of 21
Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE
Sustainable Northern Ireland Notes forming part of the Financial Statements for the year ended 31st March 2024
1. Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the Financial Statements are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year .
1.1
Basis of preparation
The financial statements are prepared in accordance with 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) (effective from 1st January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 Sustainable Northern Ireland meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The charity has availed itself of S.396(4) of the Companies Act 2006 and adapted the Companies Act 2006 formats to reflect the special nature of the charity’s activities. No separate Statement of Financial Activities has been presented for the charity alone as permitted by the Companies Act 2006 and paragraph 304 of the SORP.
1.2 Reconciliation with previously Generally Accepted Accounting Practice
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP (FRS 102) the restatement of comparative items was required.
No restatements were required.
1.3 Preparation of the accounts on a going concern basis
The trustees are of the view that the reserves of the charity are only marginally below the minimum requirement of the charity’s reserves policy and thus the immediate future of the charity for the next 12 to 18 months is secure and on that basis the charity is a going concern.
1.5 Income
Items of income are recognised and included in the accounts when all of the following criteria are met:
-
the charity has entitlement to the funds;
-
any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity;
-
it is probable that the income will be received; and
-
the amount can be measured reliably
Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.
Grants receivable
Grants receivable which relate to the year are credited to income within the Statement of Financial Activities, with unspent balances being carried forward to subsequent years within the relevant fund.
Specific debts are recognised where approved grant expenditure exceeds grant income received to date.
Grant income relating to future periods is carried forward under creditors.
1.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Page 15 of 21
Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE
Sustainable Northern Ireland
Notes forming part of the Financial Statements for the year ended 31st March 2024
1. Accounting Policies (cont’d)
1.7a Fund accounting - unrestricted funds
General funds are unrestricted funds which are available for use at the discretion of the director/trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. The fund comprises the accumulated surpluses and deficits of unrestricted income and expenditure.
1.7b Fund accounting - restricted funds
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of administering such funds are charges against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income and gains are allocated to the appropriate fund.
1.8 Expenditure and irrecoverable VAT
Expenditure is recognised once there is legal or constructive 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 is classified under the following activity headings:
-
Expenditure on raising funds comprises the costs of marketing and promoting the charity and its activities;
-
Expenditure on charitable activities includes the direct costs allocated to the performance of activities undertaken to further the purposes of the charity and their associated support costs;
-
Expenditure on other items represents those items not falling into any other heading.
-
The charity is not registered for Value Added Tax and so all items in the financial statements are stated gross of VAT where applicable.
1.9 Allocation of costs to funds
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources.
1.10 Fixed Assets
Fixed assets are stated at cost less accumulated depreciation. Expenditure is recognised as capital in nature for:
- Fixtures & Fittings Amounts over £1,000
Depreciation is provided to write off the cost of fixed assets over their anticipated useful lives. Depreciation is provided at the following rates:
- Fixtures & Fittings 25.00% straight line
1.11 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
1.12
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.13 Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 16 of 21
Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE
Sustainable Northern Ireland
Notes forming part of the Financial Statements for the year ended 31st March 2024 (cont’d)
1.14 Pensions
The amount charged to the Statement of Financial Activities represents the contributions payable by the charity during the year.
1.15 Transition to FRS 102
The transition date was 1st April 2015.
There was no requirement to restate any comparative balances in making the transition to FRS 102.
2. Legal status of the charity
The charity is a company limited by guarantee, registered in Northern Ireland no. NI038784. The members of the company are the directors named herein. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
The company is registered with HM Revenue & Customs as a charity (ref: XR28895) and is also registered with the Charity Commission for Northern Ireland (ref: NIC103426).
3 Income
| Totals 2023 £ Totals 2024 £ Restricted funds £ Unrestricted Funds £ |
|
|---|---|
| Sponsorship Innovate UK LFT Charitable Tust Dormant Accounts Fund NI Subscriptions and Grants received Donations received from donations and legacies |
- 0 - - - 25,634 - 25,634 - 7,000 - 7,000 60,000 39,815 - 39,815 - 0 - - |
| Total from donations and legacies | 60,000 72,449 0 72,449 |
| NI Housing Executive NI Assembly Income from LAs for SDO Subscriptions and Grants received Business income from charitable activities |
6,000 6,000 - 6,000 6,000 6,000 - 6,000 66,000 48,000 - 48,000 16,250 21,050 - 21,050 |
| Total from charitable activities | 94,250 81,050 0 81,050 |
| Other income from other activities |
- 0 - - |
| Total from other activities | - 0 - - |
| UK bank interest received from investments |
356 459 - 459 |
| Total from investments | 356 459 - 459 |
| GRAND TOTAL OF INCOME RECEIVED | 154,606 153,958 0 153,958 |
Page 17 of 21
Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE
Sustainable Northern Ireland
Notes forming part of the Financial Statements for the year ended 31st March 2024 (cont’d)
| 4 | Expenditure | |
|---|---|---|
| Totals 2023 £ Totals 2024 £ Restricted funds £ Unrestricted Funds £ |
||
| Promotional costs on raising funds |
4,434 179 - 179 |
|
| Total on raising funds | 4,434 179 0 179 |
|
| Project costs Meeting expenses Conferences and events Publications Programme costs IT, internet and website costs Postage & stationery Telephone General administration costs Travel and training costs Other premises costs Insurance and security Rent Premises costs Recruitment expenses Pension costs Subcontracted staff Wages and salaries Employee costs on charitable activities |
- 842 - 842 608 0 - - - 324 - 324 1,074 0 - - 7,441 21,686 - 21,686 151 11 - 11 406 154 - 154 3,129 1,319 - 1,319 1,734 0 - - 1,193 1,412 - 1,412 4,604 4,063 - 4,063 - 0 - - 8,011 12,458 - 12,458 - 0 - - 112,818 131,440 - 131,440 |
|
| Total on charitable activities | 141,169 173,709 0 173,709 |
|
| Sundries Subscriptions Bank charges Other expenses Other professional fees Payroll & Accounts bureau fees Accountancy fees Legal & professional fees on other items |
29 0 - - 1,302 742 - 742 41 48 - 48 - 6,073 - 6,073 1,751 1,751 - 1,751 1,800 1,800 - 1,800 |
|
| Total on other items | 4,923 10,414 0 10,414 |
|
| GRAND TOTAL OF EXPENDITURE | 150,526 184,302 0 184,302 |
Page 18 of 21
Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE
Sustainable Northern Ireland
Notes forming part of the Financial Statements for the year ended 31st March 2024 (cont’d)
5 Staff costs and numbers
| Totals 2023 £ Totals 2024 £ Restricted funds £ Unrestricted Funds £ |
|
|---|---|
| Staff training & travel Pension contributions SMP reclaimed Wages and salaries |
3,129 1,319 - 1,319 8,011 12,458 - 12,458 - (11,706) - (11,706) 112,818 143,146 - 143,146 |
| 123,958 145,217 0 145,217 |
No employee received emoluments of more than £60,000
The average number of persons, including part-time staff, employed on UK contracts was 4 (2023: 3)
6 Trustee remuneration and Related Party Transactions
Members of the Board of Directors (who are also the Trustees of the charity) receive no remuneration for their services. The Director / Trustees of the charity are eligible to receive reimbursement of out of pocket expenses incurred whilst representing the charity. The expenses borne by the charity in 2023/24, paid to the directors of the charity were £nil (2023: £nil).
7 Net incoming resources for the year
| Unrestricted | Restricted | Totals | Totals | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | funds | 2024 | 2023 | |||||
| £ | £ | £ | £ | |||||
| Net incoming resources are stated after | ||||||||
| charging: | ||||||||
| Depreciation on tangible fixed assets | 0 | - | 0 | - |
8 Pension costs
The company operated defined contribution schemes in respect of its staff. The schemes and their assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £12,458 (2023: £8,011).
9 Taxation
As a charity, Sustainable Northern Ireland is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or 2256 of the Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
10 Transfers between the funds
| Totals 2023 £ Totals 2024 £ Restricted funds £ Unrestricted Funds £ |
|
|---|---|
| No transfers in the year | - 0 - - |
| 0 0 0 0 |
Page 19 of 21
Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE
Sustainable Northern Ireland
Notes forming part of the Financial Statements for the year ended 31st March 2024 (cont’d)
| 11 12 |
Tangible Fixed Assets | ||
|---|---|---|---|
| Totals £ Furniture, fixtures & fittings £ Office equipment £ |
|||
| At 31st March 2023 At 31st March 2024 Net Book Value At 31st March 2024 Charge for year At 1st April 2023 Depreciation At 31st March 2024 Additions At 1st April 2023 Cost Debtors |
0 - - 65,794 22,618 43,176 |
||
| 65,794 22,618 43,176 |
|||
| 0 - - 65,794 22,618 43,176 |
|||
| 65,794 22,618 43,176 |
|||
| 0 0 0 |
|||
| 0 0 0 |
|||
| Totals 2023 £ Totals 2024 £ |
|||
| Prepayments and accrued income P.A.Y.E. control account (refund due) Grant and fee income receivable Revenue invoices outstanding |
756 780 - - - - - 1,350 |
||
| 756 2,130 |
| 13 | Creditors: amounts falling due within one year | |
|---|---|---|
| Totals 2023 £ Totals 2024 £ |
||
| Accruals and deferred income Income received in advance Pension contributions payable P.A.Y.E. control account Ordinary creditors |
1,800 7,477 - 6,000 - - - - 2,767 2,912 |
|
| 4,567 16,389 |
Page 20 of 21
Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE
Sustainable Northern Ireland
Notes forming part of the Financial Statements for the year ended 31st March 2024 (cont’d)
14 Analysis of charity net assets between funds
| Totals 2024 £ Restricted funds £ Unrestricted funds £ |
||
|---|---|---|
| 45,629 0 45,629 (16,389) - (16,389) Current liabilities 59,888 - 59,888 Current Assets - bank and cash 2,130 - 2,130 Current Assets - debtors 0 - - Fixed Assets Financial Commitments At 31st March 2024 the company has no annual commitments under non-cancellable leases nor any other financial commitments that are not recognised in the accounts (2023: £nil). Sustainable Northern Ireland has entered into a number of long term contracts for the supply of services all of which are cancellable. Statement of Funds |
(16,389) - (16,389) 59,888 - 59,888 2,130 - 2,130 0 - - |
|
| 45,629 0 45,629 |
||
| At 31 Mar 24 £ Transfers £ Outgoing resources £ Incoming resources £ At 1 Apr 23 £ |
||
| Total funds Total restricted funds Environmental Fund Single Use Plastic (SUP) Project Total unrestricted funds General reserve |
45,629 - (184,302) 153,958 75,973 |
|
| 45,629 0 (184,302) 153,958 75,973 |
||
| 0 - - - - 0 - - - - |
||
| 0 0 0 0 0 |
||
| 45,629 0 (184,302) 153,958 75,973 |
15 Financial Commitments
16 Statement of Funds
The general reserve represents the free funds of the charity which are not designated for particular purposes .
17 Reconciliation of changes in resources to net cash inflow from operating activities
| 2023 £ 2024 £ |
|
|---|---|
| Net cash (outflow) / inflow from operating activities Increase / (decrease) in creditors (Increase) / decrease in debtors Net (outgoing) / incoming resources before investment income |
2,093 11,822 122 (1,374) 3,724 (30,803) |
| 5,939 (20,355) |
18 Returns on investment and servicing of finance
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| UK bank interest received | 459 | 356 |
Page 21 of 21
Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE