CAUSE {Nl) Llmlted Company Llmlted by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Tolal funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Other income 26,742 399,878 1.226 30.278 26,742 460.510 1,226 30,278 14,156 390,325 1,866 28,349 60.632 Total incomo 458,124 60.632 518,756 434,696 Expenditure Expenditure on charitable activities Total expendlture 452,262 55.213 507,475 456,174 452.262 55.213 507.475 456.174 Net incomel{expenditure) 5.862 5.419 11,281 (21,478) Transfers beeen funds 5.489 (5.489) Net movement in funds 11,351 (70) 11.281 (21,478) Reconciliatlon of funds Total funds brought fomard Total funds carried fon¥ard 299.857 28.892 328.749 350,227 311.208 28.822 340,030 328,749 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from Gontinuing activities. The notes on pages 18 to 28 fomi part of these financial statements. 15
CAUSE (Nl) Limited Company Limlted by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets TarKJible fixed assets 15 1,558 2,554 Current assets Debtors Cash at bank and in hand 16 16.372 362,535 7.093 380,805 378,907 387,898 Credltors". amounts falling due within one year Net current assets 17 40.435 338.472 61,703 326,195 Total assets less current liabiliti 340,030 328,749 Net assets 340.030 328,749 Funds of the charity Restricted furvjs Unreslricted funds 28.822 311,208 340.030 28,892 299,857 Total charity funds 20 328.749 These financial statements have been prepared in accordance with the FKovisions applicable to companies subject to the small companies, regime. These financial statement5 were approved by the board of trustees and authorised for issue on 10 Decernber 2024. and are signed on behalf of the board by: G Maguire Trustee The notes on pages 18 to 28 form part of financial statements. 16
CAUSE (Nl) Limited Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from opernting activities Net incomel(expenditure) 11.281 (21,478) Adjustments for Depreciation of tangible fixed assets Inlerest payable and similar charges Accrued income 1.615 243 (994) 1.704 245 (4,248) Changes in.. Trade and other debtors Trade and other credrtors (3181 (29,235) (17.408) 4.810 9.621 Cash generated from (4)erations (9,346) Interest paid Net cash used in operating activities (243) (17,651 > (245) {9,591) Cash flows from Investlng actlvltles Purchase of tangible assets Net cash used in investing activities (6191 (6191 (9481 (948) Net decrease in cash and cash equivalents Cash and sh equivalents at beginnlng of year Cash and cash equivalents al end of year (18.270) 380.805 {10,539} 391,344 362.535 380,805 The notes on pages 18 to 28 fi>rni part of these finCial statements. 17
CAUSE (Nl) Llmlted Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General infommtion The charity is a public benefrt entity and a private company limited by guarantee. registered in Northem Ireland and a registered charrty in Northem Ireland. The address of the registered office is Unit 2 Lesley Office Park. 393 Holywo¢)J Road. Belfast, Antrirn, 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 Recommended Practice applicable to charities preparing their accounts in accordance wtth the Financial ReFM)rting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparalion The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilitie5 and investment properties measured at fair value through income (Y expenditure. Th8 financial statements are prepared in sterling. which is the functional currency of the entity. Golng concern Tre are no material uncertainties about the charrvs abilty to continue. Judgements and key sources of estimatlon uncertainty The preparation of the financial statements requires management to make judgements. estimatss and assumptions that affect the amounts reported. These estimates and judgements are conb'nually reviewed and are based on experien and other factors. including expectations of future events that are believed to be reasonable under the circUmstans. Fund accountlng Unrestricted funds are available for use at the discrethjn of the trustees to fijrther any of the charity's pU0$e$. Designated funds are unrestricted funds earmarf(ed by the trustees for particular fLrture project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. ar)d fall into one of tr40 sub-classes.. restricted income funds or endowment fvnds. 18
CAUSE (Nl) Limited Company Limited by Guarantee Notes to the Financial Statements [¢d) Year ended 31 March 2024 Accounting policies (contlnuedj Incoming resources All incoming resources are included in the statement 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 arnount can reliably measured. The following 5Cir policies are applied to particular categories of income: income from donalions or grants is recognised when there is evMJence of entiuement to the gift, re[pt is probable and rts amount be measured reliably. legacy in¢ome is recognised when reoipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impradical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated faalities and services are recognised in the accounts when ceiVed rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income contracts for the supply of services is recognised wth the delivery of the contracted service. This is dassffied as unrestricted funds unless there is a contractual requirement for it to be spent on a particular pUrSe and retumed if unspent. in which case it may be regarded as restricted. Resources expendod Expenditure is recognised on an accruals basi5 as a liability is IncUed. Expendibjre includes any VAT which cannot be fully recovered. and is dassified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities. events, non- charitable trading activtties. and the sale of donated g¢Jods. expenditure on charitsble activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefrt of its beneficiaries, including those support costs and Gosts relab'ng to the 9ovemance of the charity apportioned to charitable activities. other expenditure indudes all expenditure that is neither related to raising funds for the charty nor part of its expenditure on charitable activities. All costs are allocated to expenditijre Catege$ reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs are apportIced ieen the activities they conlribute to on a reasonable. juslifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at st less any accumulated depreaation and impairment losses. Any tangible assets carrred at revalue(J amounts are recorded at the fair value at the date of revaluation less any sUbSeqnt accumulated depreciation and subsequent accumulated impairment losses. 19
CAUSE (Nl) Limited Company Limited by Guarantee Notes to the Financial Statements (wntinuodj Year ended 31 March 2024 Accounting policies (eonllnuad) Tangible assets (continued) An increase in the carying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carying amount of an asset as a resu of revaluation. is recognised in other rec¢yJnised gains and losses, except lo which it offsets any previous revaluation gain. in which case the loss is shown within other re¢ognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to wrtle off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings Equipment 25% straight line 25% straght line Impaimiont of fixed assets A VIeW for indicators of impairment is Caled (xrt at each reporting date. with the recoverable amount being estimated where such indicatrxs exist. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impaimients are also reviewed for FL)ssible reversal at each reporting date. For the purposes of impairment testing, when tt is not POS5ible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unil to which Ihe asset belongs. The cash-generating unit is the SmalSt identifiable group of assets that includes the asset and generates cash InficM that largely independent of the c2sh inflows from other assets or groups of assets. For imparent testing of goothvill. the goothvlll 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 whettr other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset cff a finanaal liability is recognised only vthen the charity becomes a paty to the ontractual provisions of the instrumenL BasiG financial instruments are initialty reccKJnised at the amount recervable or payable including y related transaction costs. Current assets and cuent liabilities are subsequendy measured at the cash or other consideration expected to be paKI or re[Ved and not discounted. Debt instrurn8nts are subsequentty measured at amortised cost. 20
CAUSE (Nl) Llmited Company Llmlted by Guarantee Notes to the Financial Statements {¢onlinu8d) Year ended 31 March 2024 Accountlng pollcles IntInued} Flnanclal Instruments (¢onlinuedJ Where investments in shaS are publicly traded or their fair value can otherwse be measured reliably, the inveslmenl is subsequently measured al fair value with changes in fair value recognised in income and expenditure. Al other such investments are subsequently measured at cost less impaimient. Other financial instruments, iluding derivatlves. are initially recognised at fair value, unless payment for an asset is defeed beyond normal business terms or financed at a rate of interest that is nol 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 simikqr debt instrument. Other finanual instruments are subsequently measured at fair value, viith any changes recognised in the statement of finanaal activitses. with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortiS8d cost are r8viewed for objective eviden of impairmenl at the end of each reporting date. If there is obltiVe evidence of impaimient, an Impaiment loss is recognised under the appropriate heading in the statement of finanLial tiVitieS in which the initial gain was recognised. For all equity instruments regardless of significance. and other finanaal assets that are individually significant. these are assessed individualty for impairnient. Other financial assets are either assessed Individual or grouped on the t48sis of similar credit risk characteristics. Any reversals of impairment are reccMJnised immediatdy. to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had Ihe impairment not PrevUSIY been recognised. Deflned contribution plans Contributions to defined contribution plans are recognis8d as an expense in the period in which the related service is provided. Prepaid contributions are reccgnis&Y as an asset to the extent that the prepayment will lead to a reductiws in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service. the liabilty is measured on discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmlted by guarantee Cause (Nl) is a company limited by guarantse and has no share capttal. In the 8V8nt 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 Limlted by Guarantee Notes to the Financial Statements (e<)nlinu•d) Year ended 31 March 2024 Donations and legacles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations Gift Aid 20,773 5,969 20.773 5.969 10,552 3,604 10.552 3,604 26,742 26.742 14.156 14,156 Charitable actlvltles Unrestricted Funds Restricted Tolal Funds Funds 2024 DHSS & PS (NI) Belfast Health & Social Care Trust Southern Health & Social Care Trust Westem Health & Soaal Care Trust South Easlem Health & Social Care Trust Fund Generation Training Fundraising events Garfield Weston CFNI Grant- Carer CFNI Grant- Mental HeaEth CLEAR Proje Nationwide 12.376 12,376 182,445 43,014 66,715 45,149 396 27,159 35.000 35,039 182.445 43.014 66.715 45.149 396 27,159 35.000 35.039 13.217 13,217 399.878 60.632 460,510 Unrestricted Funds Restricted Totsl Funds Funds 2023 DHSS & PS (NI) Belfast Health & Social Care Trust Southern Health & Social Care Trust Westem Health & Social Care Trust South Eastem Health & Social Care Trust Fund Generation Training Fundraising events Garfield Weston CFNI Grant- Carer CFNI Grant- Mental Heath CLEAR Project Nationwide 24.750 24,750 177,309 36,620 64,434 43.606 396 14,263 177.309 36,620 64,434 43.606 396 14,263 13.379 1,625 4,143 9,800 13.379 1.625 4.143 9,800 336,628 53,697 390,325
CAUSE (Nl) Limited Company Limited by Guarantee Notes to the Financial Statements {conllnvodJ Year ended 31 March 2024 Other trading activities Unrestricted Funds Restricted Total Funds Funds 2024 Membership Tesco 1.226 1,226 1,226 1,226 Unrestricted Funds Restricted Total Funds Funds 2023 Membership Tesco 866 1.000 1.000 866 1.000 1,866 Other income Unr&8tricted Restricted Total Funds Funds Funds 2024 BHSCT- Respite SEHSCT - Respite 30,078 200 30.078 2C(J 30.278 30.278 Unrestricted Funds Restricted Total Funds Funds 2023 BHSCT - Resprte SEHSCT- Respite 27.949 400 27.949 400 28.349 28.349 Expenditure on charitable activities by actlvlty type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Providing Support to Carers Governan CA)sts 459.798 39.017 8,660 498.815 8,660 448,216 7,958 456,174 459,798 47,677 507,475 23
CAUSE (Nl) Limited Company Llmlted by Guarantee Notes to the Financial Statements {contthu8(9 Year ended 31 March 2024 10. Provlding support for carers Providing SUPFQrt to carers Total 2024 Total 2023 Staff costs Premises Communications and IT General office Finance costs Govemance costs 23,117 9,769 5.258 630 243 8,660 23.117 9,769 5,258 630 243 8,660 18,660 8,837 5,133 1.970 245 7.958 47.677 47.677 42,803 11. Net incomel(expenditure) Nel incomel(expenditure) is stated after Chargin{crediting). 2024 2023 Depreciation of tangible fixed assets 1.615 1,704 12. Auditors remuneration 2024 2023 Fees payable for the audit of the financial statements 6.230 5.689 13. Stsff costs The total slaff costs and employee beneffts for the reporting period are analysed as fcllows.. 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 330.240 18.848 4.813 266,579 14,444 3,975 353,901 284,998 The average (x)unt of employees during the year was 16 (2023: 15). No employee received employee efftS of more than £60,0(K) during the year (2023: Nil). 24
CAUSE (Nl) Limited Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2024 13. Staff costs (contlnu¢d) Key Management Personnel Key management personnel inde all persons that have authority and responsibility for pLqnning, directing and controlling the activitEs of the charity. The total compensation paid to key management personnel for services provided to the charity was £36,653 (2023:£39,4571. 14. Trustee remunerdtion and expenses No remuneration or other benefits from empbyment with Ihe charity a related entity were received by trustse5. 15. Tangible fixed assets Fixtures and rIngS Equipment Total Cost At 1 April 2023 Additions Disposals 4,170 37.589 619 (1.219) 36.989 41.759 619 11,219) 41,159 At 31 March 2024 4,170 Depreciation At 1 April 2023 Charge for the year Diswsals At 31 March 2024 4.170 35.035 1.615 (1,219) 35.431 39.205 1,615 {1,219) 39,601 4.170 Carrying amount At 31 March 2024 1.558 1,558 At 31 March 2023 2.554 2,554 16. Debtors 2024 2023 PpaYents and accrued income 16.372 7,093 17. Creditors: amounts falling duo within one year 2024 2023 Accruals and deferred income Pension fund Other GreditOf5 38.526 1,909 28,657 857 32.189 40,435 61,703 25
CAUSE (Nl) Limited Company Llmlted by Guarantee Notes to the Financial Statements (ctinlinu•dJ Year ended 31 March 2024 18. Deferred income 2024 2023 At 1 Aprl 2023 Arnount released to income Arnount deferred in year At 31 March 2024 18.093 (18.093) 19.995 41,257 (41,257) 18,093 19.995 18,093 19. Pensions and other post retirement beneffts Defined contribution plans The amount recogntsed in income or experKJiture as an expense in relation to defined contribution plans was £4,813 (2023: £3,975). 20. Analysis of charitable funds Unrestricted funds At 31 March 2024 1 April 2023 Income Expenditure Transfers General ftmds 299.857 458,124 (452.262) 5.489 311.208 At 31 March 2023 1 April 2022 Inl Expenditure Transfers General funds 273,939 351.650 (325.732) 299,857 26
CAUSE (Nl) Limited Company Limited by Guarantee Notes to the Financial Statements feortinu8d) Year ended 31 March 2024 20. Analysls of charltable funds (¢onllnuedJ Restricted funds At 1 April 2023 At 31 March 2024 Income Expenditure Transfers DHSS&PS INI) CLEAR Project Respite Funds CFNI - Carers CFNI - Mental Health Belfast City Council Tesco Nationwide 12.376 13.217 (12.376) (13,217) (1,000) (26.353) (2,267) 6.489 20.136 2.267 15,489) 35.039 28,822 28.892 60.632 (55,213) (5.489) 28.822 At 1 April 2022 At 31 March 2023 Income Expendtture Transfers DHSS&PS {NI) CLEAR Project Respite Funds CFNI - Carers CFNI - Mental Health Belfast City Counal 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) (1,000) (9,800) (130.442) 6,489 20,136 2,267 1,000 9.800 76.288 83,046 28,892 A transfer has taken pla in the year from reslrthd to unrestricted to account as the income is no longer restricted as this is contract income. 27
CAUSE (Nl) Llmited Company Llmlted by Guarantee Notes to the Financial Statements {ntinu•) Year ended 31 March 2024 21. Analysls of net assets between funds Unrestricted Funds RestrTrcted Total Funds Funds 2024 Tangible red assets Current assets Creditors less than 1 year Net assets 1.558 350.085 (40.435) 311.208 1,558 378.907 140,435} 340,030 28.822 28.822 Unrestricted Funds Restricted Totsl Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2.554 326.817 (29.514) 299.857 2.554 387.898 161,703} 328,749 61.081 <32,189) 28.892 22. Taxation The Charity's actiwties fall within the exemptions atk*ded by the provtsions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts. 23. Contlngencies A contingent liabilty exists to repay grants and Trust monies received should certain conditions not be fu5filled by the charity. In the opinion of the Trustees. the terms of the Letters of Offers have been, or will be. complied wtth and no liabilty is expected. 24. Elhical standards In common with many other t)usinesses of our size and nature we use our aurfrtors to prepare and submit retums to the tsx authorities and assist wtth the preparation of the financial statements. 25. Anatysls of changes In net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank arKI in ha1 380,805 (18.270) 362,535 26. Related parties The Trustees have considered guidance in relation to related party transactions and believe there are m transactions that require disclosure. 28