2024-03-31-accounts - Community Restorative Justice Newry/Armagh

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FINANCIAL STATEMENTS OF

COMMUNITY RESTORATIVE JUSTICE NEWRY/ARMAGH YEAR ENDED 31 MARCH 2024

COMMUNITY RESTORATIVE JUSTICE NEWRY/ARMAGH FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

CONTENTS	PAGE
DIRECTORY AND OFFICERS	3
MANAGEMENT COMMITTEE REPORT	4
ACCOUNTANTS AND AUDITORS REPORT	5
STATEMENT OF FINANCIAL ACTIVITIES	6
BALANCE SHEET	7
NOTES TO THE ACCOUNTS	8

COMMUNITY RESTORATIVE JUSTICE NEWRY/ARMAGH FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

	DIRECTORY
COMMITTEE	Annette Hughes (Chairperson)
	Marita Quinn
	Geraldine Kearns
	Josephine Flynn
	Lesley Morgan
	Colin Hanna
SECRETARY	Marita Quinn
TREASURER	Geraldine Kearns
ADDRESS	Teach Bhaile Bhot
	Cornmarket
	Newry
ACCOUNTANTS	Boyle & Co Accountants (IRE) Ltd
	4 Forkhill Business Centre
	Main Street
	Forkhill
	NEWRY
	BT35 9WE
BANKERS	First Trust Bank
	42/44 Hill Street
	Newry
	Co Down
CHARITY NO.	NIC 103767

COMMUNITY RESTORATIVE JUSTICE NEWRY/ARMAGH

Report of the Management Committee

The Members present their report and the audited financial statements of the organisation for the year ended 31 March 2024.

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
Comply with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements, and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the organisation will continue in business.

The Members are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the organisation. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

1. Principal Activity

The principal activity of the organisation is to provide a nonviolent approach to crime and antisocial behaviour in the Newry/Armagh area. It is recognised as a charity by the Inland Revenue. No change is contemplated in its activities. There was great uptake by the local community during the year and CRJ will continue to be active.

2. Review of the business and future developments

Both the level of business and yearend financial position was satisfactory, and the Members expect that the present level of activity will be sustained for the foreseeable future.

3. Results

An overall surplus of £10,556, resulted from a surplus on unrestricted funds of £24,973 and a deficit on restricted funds of £14,417.

4. Fixed Assets

The movement of fixed assets during the year is set out in Note 8 to the financial statements.

It is the opinion of the directors that the open market value of the organisation’s fixed assets does not differ substantially from the amount at which they are included in the balance sheet.

5. Members

The following Members have held office during the period from the start of the financial year to the date of this report;-

Annette Hughes Enda Hughes Lesley Morgan Josephine Flynn Colin Hanna Imelda McDonald Geraldine Kearns

6. Political and charitable donations

No political donations were made during the year.

7. Auditors

A resolution proposing that Boyle & Co continue to act Auditors of the charity will be put to the Annual General Meeting.

By Order of the Board

Chairperson Date 22 August 2024

COMMUNITY RESTORATIVE JUSTICE NEWRY/ARMAGH

Auditor’s Report for the year ended 31 March 2024

Report of the auditor to the members of Community Restorative Justice Newry/Armagh.

We have audited the financial statements of Community Restorative Justice Newry/Armagh for the year ended 31 March 2024, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. These Financial Statements have been prepared under the historical cost convention, and the accounting policies set out on page 8.

Respective responsibilities of members of the Management Committee and Auditors

The Management Committee is responsible for preparing the report of the Management Committee and the Financial Statements in accordance with United Kingdom law and Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Our responsibility is to audit the Financial Statements in accordance with relevant legal and regulatory requirements and International Standards on Auditing (UK and Ireland).

We report to you our opinion as to whether the Financial Statements give a true and fair view and are properly prepared in accordance with the Constitution dated 10/02/2010. We also report to you if, in our opinion, the report of the Management Committee is not consistent with the Financial Statements, if the organisation has not kept proper accounting records or if we have not received all the information and explanations we require for our audit.

We read the report of the Management Committee, and consider whether it is consistent with the audited Financial Statements. We consider the implications for our report if we become aware of any misstatements or material inconsistencies with the Financial Statements.

Basis of opinion

We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the members of the Management Committee in the preparation of the financial statements, and of whether the accounting policies are appropriate to the charitable company’s circumstances, consistently applied and adequately disclosed.

We planned and performed our audit so as to obtain all information and explanations, which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance as to whether the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming my opinion I also evaluated the overall adequacy of the presentation of information in the financial statements.

Opinion

In our opinion the financial statements give a fair and true view of the charitable company’s state of affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure in the year then ended and have been properly prepared.

Boyle & Co Accountants (IRE) Ltd Accountants

4 Forkhill Business Centre Main Street Forkhill Newry BT35 9WE

Date 22 August 2024

COMMUNITY RESTORATIVE JUSTICE NEWRY/ARMAGH

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 March 2024

Notes INCOMING RESOURCES Activities in Furtherance of the charity’s objectives: Grants receivable 2 Income from charitable activities 2 Total Incoming resources RESOURCES EXPENDED 3 Costs of generating funds: Fundraising and publicity Charitable Expenditure Costs in furtherance of charitable objectives 4 Management and administration 5 Total resources expended Net incoming resources for the year Transfer between funds Balances brought forward Balances carried forward	Unrestricted Funds (₤) 0 7,500 7,500 0 0 57 57 7,443 0 17,530 24,973	Restricted Funds (₤) 215,283 0 215,283 0 58,528 164,465 222,993 (7,710) 0 (6,707) (14,417)	Designated Funds (₤) 0 0 0 0 0 0 0 0 0 0 0	Total Funds 2024 (₤) 215,283 7,500 222,783 0 58,528 164,522 223,050 (267) 0 10,823 10,556	Total Funds 2023 (£) 174,649 975
					175,624
					0 52,023 134,474
					186,497
					(10,873) 0 21,696
					10,823

COMMUNITY RESTORATIVE JUSTICE NEWRY/ARMAGH

Balance Sheet as at 31 March 2024

Fixed Assets Tangible assets Current Assets Debtors Bank Cash at Hand Creditors: Amounts falling due within one year Creditors Bank Net Current Assets Total Assets less Current Liabilities Funds Unrestricted Restricted	Notes 8 9 10	0 12,311 0 (2,395) 24,973 (14,417)	9,916	2024 (£) 640 9,916 10,556 10,556	2023 (£) 853 0 11,645 0
					11,645
					(1,675)
					(1,675)
					9,970
					10,823
					17,530 (6,707)
					10,823

These financial statements were approved by the members of the committee on 22 August 2024 and are signed on their behalf by:

_______ Chairperson Date: 22 August 2024

________ Treasurer

COMMUNITY RESTORATIVE JUSTICE NEWRY/ARMAGH

NOTES TO THE FINANCIAL STATEMENTS

1. Accounting Policies.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Basis of Accounting

The Accounts have been prepared in accordance with the historical cost convention.

Tangible Fixed Assets

Tangible fixed assets are stated at cost. Depreciation is charged at the following annual rate of 25% reducing balance method.

Deferred Government Grants,

Government grants on capital expenditure are credited to a deferred account and are released to revenue over the expected useful life of the relevant asset by equal annual amounts. Grants of a revenue nature are credited to income in the period to which they relate.

Taxation

Community Restorative Justice Newry/Armagh is recognised as a charity by the Inland Revenue and is thus not liable to taxation. No provision has therefore been made for any taxation payable.

2. Incoming Resources.

Incoming resources represents the net amounts received to fund the activities of the charity.


SHSCT DepartmentforSocial Development/DFC Co-operation Ireland Executive office NMDC International Fund for Ireland John Moores Foundation Ulster Community Donation Fundraising Halifax Foundation Total	Unrestricted Funds (£)	Restricted Funds (£)	Designated Funds (£)	Total Funds 2024 (£)	Total Funds 2023 (£) 0 48,679 0 18,980 0 102,250 0 0 975 0 4,740 175,624
	0	0	0	0
	0	47,804	0	47,804
	0	0	0	0
	0	0	0	0
	0	0	0	0
	0	162,480	0	162,480
	0	5,000	0	5,000
	0	0	0	0
	7,500	0	0	7,500
	0	0	0	0
	0	0	0	0

	7,500	215,284	0	222,784

3. Resources expended.

Fundraising and publicity


Adverts Total	Unrestricted Funds (£)	Restricted Funds (£)	Designated Funds (£) 0 0	Total Funds 2024 (£)	Total Funds 2023 (£) 0 0
	0	0		0
	0	0		0

4. Costs in furtherance of charitable objectives


Programme costs Facilitator fees Total	Unrestricted Funds (£)	Restricted Funds (£) 41,470 17,058 58,528	Designated Funds (£)	Total Funds 2024 (£)	Total Funds 2023 (£)
	0		0	41,470	34,194
	0		0	17,058	17,829
	0		0	58,528	52,023

5. Management and administration

Unrestricted Funds (£)	Restricted Funds (£)	Total Funds 2024 (£)
0	122,776	122,776
0	131	131
0	840	840
0	13,076	13,076
0	8,484	8,484
0	1,931	1,931
0	1,916	1,916
0	785	785
0	2,039	2,039
0	572	572
0	8,327	8,327
0	2,160	2,160
0	1,203	1,203
0	69	69
57	156	213
57	164,465	164,522

6. Interest receivable

Interest received during the period was £0.

7. Interest payable There was no interest payable during the period.

8. Fixed Assets.

	Office Equipment	Total
	£	£
Cost at 01/04/23	16,430	16,430
Additions	0	0
Disposals	0	0
Cost at 31/03/24	16,430	16,430

Depreciationat 01/04/23	15,577	15,577
Chargeforthe year	213	213
Depreciationat 31/03/24	15,790	15,790

Net book value at 31/03/24	640	640

Net book value at 31/03/23	853	853

9. Creditors: Amounts falling due within one year.

	2024	2023
	£	£
Creditors and accruals	2,395	1,675

	2,395	1,675

10. Reserves.

	Unrestricted 17,530 7,443	Restricted (6,707) (7,710)	Total 10,823 (267)
	24,973	(14,417)	10,556

11. Post Balance Sheet Events.

The effect of events relating to the year ended 31 March 2024 which occurred before the date of approval of the financial statements by the Management Committee have been included to the extent required to show a true and fair view of the state of affairs at 31 March 2024 and of the results for the year ended on that date.