_**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