CAUSE (Nl) Lirnited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and legaGie5 Charitable activities Other trading activities Investment iriGOIMe Other income 14.156 336.628 866 14,156 390,325 1.866 29.234 442,622 889 226 30,539 53,697 1.000 28,349 28,349 Total income 351.650 83.046 434,696 503.510 Expenditure Expenditure on charitable activities Total expenditure 10 325.732 325.732 130,442 130.442 456.174 456,174 414,030 414,030 Net (expenditure)lincome and net movement in funds 25.918 (47.396) (21.478) 89,480 Reconciliation of funds Total funds brought forward Total funds carried fonNard 273,939 76,288 350.227 260,747 299.857 28,892 328,749 350,227 The statement of financial acttvrties indudes all gains and losses recognised in the year. All income and expenditure dertve from continuing activities. The notes on pages 18 to 28 form part of these financial ststements. 15
CAUSE (Nl) Limited Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Fixed assets Tangible fixed assets 16 2,554 3,310 Current assets Debtors Cash at bank and in hand 17 7,093 380,805 11,764 391,344 387.898 403,108 Creditors: amounts falling due within one year Net current assets 18 61,703 56,191 326,195 328,749 346,917 Total assets less current liabilities 350,227 Net ass•ts 328,749 3JO,227 Funds of the charity Restricted funds Unrestricted fund5 28,892 299,857 76,288 273,939 Total charity funds 21 328.749 350,227 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 9 December 2023, and are signed on behalf of the board by". Dr G Dickson Trustee The notes on pages 18 to 28 form part of these financial statements. 16
CAUSE (Nl) Limited Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2023 2023 2022 Cash flows from operating activities Net (expenditure)lincome (21,478) 89.480 Adjustments for Depreciation of tangible frxed assets Other interest receivable and similar income Interest payable and similar charges Accrued (income)lexpenses 1,704 2,102 (226) 196 8,040 245 (4.248) Changes in.. Trade and other debtors Trade and other creditors 4,810 9,621 (3.609) 9,247 Cash generated from operations (9,346) 105,230 Interest paid Interest received {245) (196) 226 Net cash (used in)Ifrom operating activities {9,591) 105,260 Cash flows from investing activitles Purchase of tangible assets Net cash used in investing activities (948) {948) {928} {928) Net (decrease)lincrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (10,539) 391,344 104,332 287,012 380,805 391,344 The noteg on pages 18 to 28 fomi part of these financlal statements. 17
CAUSE (Nl) Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General infomiation The charity is a public benefft entty and a private company limited by guarantee. registered in Northern Ireland and a registered charty in Northern Ireland. The address of the registered office is Unrt 2 Lesley Office Park. 393 Holywood Road, Belfast. Antrim. BT4 2LS, Northem Ireland. 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 R0mended Practlce applicable to chanties preparing their accounts in accordance 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 cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of thé entity. Going concem There are no material uncertainties about the chaws abilty to continue. Judgements and key sources of estimation uncertainty The preparation of the financial ststements requires management to make judgements, estimates and assumptions that affed the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of two sub-classes.. restricted income funds or endowment funds. 18
CAUSE (Nl) Limited Company Limited by Guarantee Notes to the Financial Statements (conthiu Year ended 31 March 2023 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefrts associated wtth the transaction will flow to the charity and the amount can be reliably measured. The following speGifi'c policies are applied to particular categories of income= income frorn donations or grants is recognised when there is èvidgnce of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised vthen receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is d@rivpd from th@ cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed rf unspent, in which case it May be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expendtture on raising fvnd5 includes the costs of all fundraising activities. events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable actNities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of rts beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is netther related to raising funds for the charty nor part of its expenditure on charitable activities. All costs are allocated to expendFture categorres reflecting the use of the resour. Direct costs attributable to a single activty are allocated directly to that actiVty- Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assets are inrtially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impainnent losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 19
CAUSE (Nl) Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Accounting policies (¢ontinued) Tangible assets (continued) An increase in the carrying amount of an asset as a resutl of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impaimient that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated 50 as to write off the cost or valuation of an asset. less its residual value. over the useful economic lrfe of that asset as follows: Fixtur¢s ond fittings Equipment 25% straight line 250h straight line Impairnient of fix assets A review for indicators of impairment is carried out at each reporting date, wtth the recoverable amount being estimated where such indicators exist. IAlhere the carrying value exceeds th8 recOvebIe amount, the asset is impaired accordingly. Prior impaimients are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing. when tt is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating untt to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefrt from the synergies of the combination, irrespective of whether other assels or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liabilty is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequentty measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequentty measured at amortised cost. 20
CAUSE (Nl) Limited Company Limited by Guarantee Notes to the Financial Ststements (conlinued) Year ended 31 March 2023 Accounting policies (continue Financial instruments (¢ontlnuedJ Vvhere investments in shares are publicly traded or their fair value can othenNise 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 dertvatFves, are initially recognised at fair v8lu@. ijnlp.ss payment for an asset is deferred beyond nomial business temis or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial acttvities. with the exception of hedginq instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impainnent at the end of each reporting date. If there is objectNe evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of signfficance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a carying amount of the financial asset that exceed5 what the carrying atnount would have been had the impairnent not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly wtthin 12 months of the end of the reporting date in which the employees render the related service. the liabilty 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. Ltmited by guarantee Cause (Nl) is a company limited by guarantee and has no share capital. 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. 21
CAUSE (Nl) Limited Company Limited by Guarantee Notes to the Financial Statements (¢onlinued) Year ended 31 March 2023 Donations and legacies Unrestricted Totsl Funds Unreslricted Total Funds Funds 2023 Funds 2022 Donations Donations Gift Aid 10.552 3.604 10,552 3,604 24,668 4,566 24,868 4,566 14,156 14,156 29,234 29,234 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2023 DHSS & PS (NI) Belfast Heatth & Social Care Trust Southern Health & Social Care Trust Western Health & Social Care Trust South Eastern Heah & Social Care Trust Fund Generation Training Fundrasing events CFNI Grant- Carer CFNI Grant- Mental Health CLEAR Project Belfast City Council VSCE Fund Nationwide 24.750 24,750 177,309 36,620 64,434 43,606 396 14.263 13,379 1,625 4,143 177,309 36,620 64.434 43.606 396 14.263 13,379 1,625 4.143 9,800 9,800 336.628 53,697 390,325 Unrestricted Funds Restricted Total Funds Funds 2022 DHSS & PS (NI) Belfast Health & Social Care Trust Southern Health & Social Care Trust Western Health & Social Care Trust South Eastem Health & Social Care Trust Fund Generation Training Fundrasing events CFNI Grant - Carer CFNI Grant- Mental Health CLEAR Project Belfast City Council VSCE Fund NationwKle 30,940 30,940 169,528 34,697 61,992 41,954 7,503 18,538 21,660 41,313 7,041 3,719 3,737 169,528 34,697 61,992 41,954 7,503 18.538 21,660 41.313 7,041 3.719 3,737 334,212 108,410 442,622 22
CAUSE (Nl) Limited Company Limited by Guarantee Notes to the Financial Statements (continueo) Year ended 31 March 2023 Other trading activities Unrestricted Funds Restricted Total Funds Funds 2023 Membership Tesco 866 1,000 1,000 1.000 1,866 Unrestricted Funds Restricted Total Funds Funds 2022 Membership Tesco 889 889 889 889 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 226 226 Other income Restricted Total Funds Funds 2023 Restricted Total Funds Funds 2022 BHSCT- Respite SEHSCT- Respite WHSCT- Resprte 27,949 400 27,949 400 27,949 600 1,990 27,949 600 1.990 28.349 28,349 30,539 30,539 10. Expenditure on charitable activities by activty type Activities undertaken directly Support costs Total funds 2023 Total fund 2022 Providing Support to Carers Governance costs 413.371 34,845 7,958 448,216 7,958 401,688 12,342 413,371 42,803 456,174 414,030 23
CAUSE (Nl) Limited Company Limited by Guarantee Notes to the Financial Statements (conlinueoj Year ended 31 March 2023 11. Providing support for carers Providing support to carers Total 2023 Total 2022 Staff costs Premises Communications and IT General office Finance costs Governance costs 18.660 8,837 5.133 1,970 245 7.958 18.660 8,837 5,133 1.970 245 7.958 18,933 8,740 5,579 777 196 12,342 48,567 42.803 42,803 12. Net (expenditureyincomÈ Net {expenditure)lincome is stated after chargingl(crediting): 2023 2022 Depreciation of tangible fixed assets 1,704 2,102 13. Auditors remuneration 2023 2022 Fees payable for the audit of the financial statements 5,689 5,418 14. Staff costs The total staff costs and employee benefrts for the reporting period are analysed as follows: 2023 2022 Wages and salaries Social security costs Employer contributions to pension plans 266,579 14,444 3,975 270,468 14,257 4,217 284.998 288,942 The average head count of employee5 during the year was 15 (2022.. 16). No employee received employee benefits of more than £60.000 during the year (2022.. Nil).
CAUSE (Nl) Limitod Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 March 2023 14. Staff Costs (¢ontinued) Key Management Personnel Key management personnel include all persons that have authority and responsibilty for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £39,457 {2022.'£37,463). 15. Trustee remuneration and expenses No remuneration or other beneffts from employment with the charty or a related entity were received by the trustees. 16. Tangible fixed assets Fixtures and lrtlings quipment Total Cost At 1 April 2022 Additions 4,170 36.641 948 40,811 948 At 31 March 2023 4.170 37,589 41,759 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 4.170 33,331 1,704 37,501 1,704 4,170 35,035 39,205 Carrying amount At 31 March 2023 2,554 2,554 3,310 At 31 March 2022 3.310 17. Debtors 2023 2022 Trade debtor5 Prepayments and accrued income 1,800 9,964 7,093 7,093 11,764 18. Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income Social security and other taxes Pension fund Other credrtors 28,657 55,930 261 857 32.189 61,703 56,191 25
CAUSE (Nl) Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontinue(g Year ended 31 March 2023 19. Deferred income 2023 2022 At 1 April 2022 Amount released to income Amount deferred in year At 31 March 2023 41,257 (41,257) 18,093 30.145 (30,145) 41,257 18,093 41,257 20. Pensions and other post retirement benefts Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £3,975 (2022.. £4.217). 21. Analysis of charitable funds Unrestricted funds At 1 April 2022 At 31 March 2023 Income Expenditure Transfers General funds 273,939 351.650 (325,732) 299,857 At 1 April 2021 At 31 March 2022 Income Expenditure Transfers General funds 244,011 364.561 (338.370) 3,737 273,939 26
CAUSE {Nl) Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 21. Analysis of charitable funds (continueo) Restricted funds At 1 April 2022 At 31 March 2023 Income Expenditure Transfers DHSS&PS (NI) CLEAR Project Respite Funds CFNI - Carers CFNI - Mental Heatth Belfast Cty Council VSCE Fund Tesco Nationwide 2.671 1,390 12,231 19,104 38.559 2,333 24,750 4,143 28.349 13.379 1.625 (27,421) (5,533) (34,091) (12,347) (37,917) {2,333) 6.489 20,13G 2,267 1,000 9,800 83.046 (1,000) (9,800) (130,442) 76,288 28,892 At 1 April 2021 At 31 March 2022 Income Expenditure Transfers DHSS&PS (NI) CLEAR Project Respite Funds CFNI - Carers CFNI - Mental Health Belfast City Council VSCE Fund Tesco Nationwide 30.940 7.041 30.539 21.660 41.313 3,719 3.737 (28.269) (7,041) {33,654) {2.556) (2.754) (1,386) 2,671 1,390 12,231 19,104 38,559 2,333 1,390 15,346 {3,737) 16,736 138.949 (75,660) (3,737) 76,288 A transfer from restricted to unrestricted funds has taken place in the year to account for restricted expendriure that was recorded as unrestricted expenditure in the prior reporting period. 27
CAUSE {Nl) Limited Company Limited by Guarantee Notes to the Financial Statsments (continued) Year ended 31 March 2023 22. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2,554 326,817 (29.514) 299.857 2,554 387.898 (61,703) 328,749 61,081 (32,189) 28,892 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible red assets Current assets Creditors less than 1 year Net assets 3,310 298,343 (27.714) 273,939 3,310 403,108 (56,191) 350,227 104,765 (28.477) 76,288 23. Taxation The Charity's activities fall wtthin the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly. there is no taxation charge in these accounts. 24. Contingencies A contingent liability exists to repay grants and Trust monies received should certain conditions not be fulfilled by the charty- In June 2023, a repayment of £32k retumed to CFNI Mental Health Fund due to an underspend in funding On the prqect had ended. 25. Analysis of changes in net debt At At 1 Apr 2022 Cash flows 31 Mar 2023 Cash at bank and in hand 391,344 (10,539) 380,805 28