Company Number: N1615082 Charity Commission for Nl: 104726 PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by guarantee) ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limlted by Guarantee) CONTENTS Page General Infonnation Directors. Report Independent Auditor's Report 7-10 Statement of Financial Activitles li statement of Financial Position 12 Statement of Cash Flows 13 Notes to the Flnancial Statements 14-22 CavanaghKelW
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) GENERAL INFORMATION Directors Dr Jennifer Ann Betts Vivian McKinnion Peter Murray Kerri Pollock Clara Scannell (Appointed 31 August 2022) Rev William Shaw Stephen Trueick (Appolnted 27 July 2022) lude Copeland (Appointed 27 June 2023) Registered Office 279-281 Antrlm Road Belfast BT15 2GZ Company registration number N1615082 Charity Commission for Nl number NIC104726 Auditors CavanaghKelly 36-38 Northland Row Dungannon BT71 6AP Bankers Ulster Bank 202-206 York Street Belfast BT15 IHY CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The director5, who are the trustees for the purpose of charity law, present their report and the audited financial statements of the charitable company for the year ended 31 March 2023. The financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (FRS 102) and the Companies Act 2006. Reference and Admlnistration Details The reference and administration details of the charity are as shown on page 2. Objectives and Activitles Objectives The charity's objectives are specifically restricted to the following.. To advance health and the saving of lives and in particular.. a. contribute to the prevention of suicide and self-hami by offering early Intervention and other assistance to those at risk, their families and/or their carerfs; b. promote the fostering of positive menta5 health and improving the emotlonal wellbeing of people residing in Ireland To advance the education of the public and raise awareness of, the causes and effects of suicide, the action5 that can be taken to prevent suicides and the support avallable to reduce suicides. PIPS, Mission Statement We help individuals, families and organisations who have been affected by suicide or mental un-wellness and we do thls by: Provid ing support and counselling services in an accessible and non-judgmental space for individuals to understand themselves and to better navigate their personal path in life; Provlding a neutral, compassionate and supportive environment by offering a space for peer groups to share their experiences of emotional challenges. Working with organisations to nurture a culture of awareness and understanding of mentsl wellness, by providlng specialist training and volunteering opportunities; Worklng with local communities and government bodies to Influence societal change wlth the aim to advance the understanding of suicide and mental wellness within Ireland. PIPS, Vision Statement Striving for a compassionate society free from suicide. Building upon success The organisation ha5. at its core, a commitment to the community, appropriate intervention5 and servi5 along with core principles and value5. PIPS Values l. We value active and non-judgemental listening to fully understand the needs of our clients and stakeholders, to promote positive change. We value engaglng with our clients and Stakeholders in a compassionate and empathetic manner, to deepen connections and support transformational change; 3. We value the ability to be adaptable and flexible in an ever changing world, movlng qulckly and decisivelyi 4. We value respect by accepting each individual for who they are which enables u5 to build strong relationships based on trust and safety; 5. We value confidentiality as the foundation of maintaining trusting relationships with our Stakeholders, by handling all information with the utmost care, privacy and in keeping with ethical boundaries. CavanaghKelly'
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) DIRECTORS. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023 6. We value our courage to do the right thing, influence societal change. by challenglng the status quo and transforming our communities. 7. We value our Commitment to ExllenCe in promoting mental wellness by maintaining the highest standards, by continually learning. improving and innovatingi 8. We value integrity as the fundamental basis of how we operate, by consistently behavlng In a moral, ethical, transparent, accountable and honest manner; 9. We value self-determination where individuals have the right to make their own decisions and choices, SO that they become active participants in their own journey. The organisation's key strengths include: Excellent reputation and commitment built up over many years; Recognised brand and service with Suicide Prevention and Self Harm; Excellent diverse committed team of staff, board and volunteers. No appointment needed, crisis drop in servlce available. strategic Goals PIPS, Board, staff, volunteers and families are working together to deliver on the following strategic goals: To be recognised as a provider of diverse high-quality services which prevent suicide and promote mental wellnes5 thmughout Irelan(i; To evaluate and optimise organisational resources to ensure that a high quality of service is delivered consistently to all Stakeholders; To increase public engagement and strengthen flnancial resilience in order to support our service delivery; To Influence societal policy and empower individuals and communities in the area of mental health. PIPS ha5 a small dedicated team of paid staff and volunteers 5UPPOrting those in need, operatlng the 'no appointment, servlce. The Charity provides immediate support without delay whilst providing a gateway and referral mechanism to a range of other specialist services in addition to facilitating family peer sUPPOrt groups. PIPS, Care Team Services PIPS, care Service has continued to provide one to one counselling and befriending throughout the COVID Pandemic, initially worklng remotely, then returning when safe to do so. There has been a rise in the number of people accessing the service, where crisis response action has been required. As a direct result of thls increase, pips has increased its rellance on volunteer counsellors and recruited two addition31 Child and Youth Counsellors. During this porting period PIPS had carried out 11,558 client sessions (2022.. 15,057), of which 3,345 were children (age 4- 18yrs old) (2022: 2,204). This total increase in clients during this period has been due mainly to post Covid lockdown and resultant isolation coupled with financial concerns lftjrlough. PIPS Care Team receive referrals from other voluntary and statutory organisations and also make referrals to other agencies and signpost as appropriate. Social media Social media activity, engagement and ft)Ilowers includes. Facebook like5 20.649 (2022.. 20,085); Instagram followers 4,184 {2022: 2,785) and X (previously Twitter) followers 6.277 (2022: 6,188). Events and Fundraising A limited amount of fundraising events were held by donors during this reporting period, as people return to a post-COVID society. CavanaghKelly'
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) DIRECTORS, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023 Flnancial Revlew Public Benefit Statement The director5 of PIPS Suicide Prevention Ireland confirm that they have complied with their duty under section 4(b) of the Charities Att (Northern Ireland) 2023 to have regard to the Charity Commission for Northern Ireland's guidance on public benefit and that the public benefit requirement has informed the activities of the charitable company in the year ended 31 March 2023. Financlal Performance The financial performance was in line with the Board of Directors. expectations. The charltable company mains in a sound financial position at the year end. The results for the year are set out In detall on pages li to 22. The charitable company had total income for the year of £642,772 (2022.. £538,353), total expenditu of £536,023 (2022.. £440,879) and returned net incoming resources for the year of £106,749 (2021: £97,474). At 31 March 2023, the total funds of the charitable company amounted to £570,568 (2022: £463,819) comprising of £570,568 of unrestricted funds. The Trustees consider that the unrestricted funds of the charity are sufficient and adequate to fulfil its obligations. Principal sources of funding and how this has supported the key objertives ofthe charitable company are disclosed in the notes to the financlal statements. Reserves Policy The charitable company does not maintain a fomièl reserves policy. However, the Board of Directors continue to monitor the level of reserves held by the charitable company and are satisfied that these are adequate to meet any unforeseen expenditu incurred. The target for unrestricted fijnd reserves is twelve month5 running costs in cash at bank. structure, Governance and Management Organisational structure The charitable company is a company limited by guarantee, not having a share capital. The charitable company was established under a Memorandum of Association whlch established the object5 and power5 of the charitable company and is govemed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. In accordan with the Articles of Association, the members to retire by rotation shall be those who have been longest in office since their last election, and the relevant motion will be put at the Annual General Meeting. A retiring member shall be eligible for re-election. Dlrectors The Directors during the year are the same as the Directors as listed on page 2. Taxation status The company is recognised as a charity by HM Revenue & Customs. Accordingly, the company has availed of the exemptions contained in Chapter 3 Part 11 Corporation Taxes Act 2010 and Section 256 Taxatlon of Chargeable Gains Act 1992. CavanaghKelly°
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) DIRECTORS. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023 Directors. Responsibilities Statement The dirertors are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the d1ctOrS are required to: select suitable accounting policies and apply them consistently; observe the methods and principles in the Charities SORP (FRS 102); make Judgements and estimates that a reasonable and prudent; state whether applicable UK Accounting Standards have been followed, 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 inapproprlate to presume that the charitable company will continue in operation. The directors are responsible for keeplng adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financlal statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement of Disclosure of Information to Auditor In so far a5 the directors, who held office at the date of approval of these financial statements, are aware: There is no relevant audit information of which the company's auditor is unaware. and The directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit infomiation and to establish that the auditor is aware of that informatlon. Small company exemption This report has been prepared in accordance with the special provlsions relating to small companies within Part 15 of the Companies Act 2006. Auditors CavanaghKelly are deemed to be reappointed auditors in accordance with Section 487(2) of the Companies Act 2006. Thisr port asa ved by the Board on 11 October 2023 and signed on its behalf by: Rev William Shaw Director Company Registration number: N1615082 Charity Commission for NI number: 104726 CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 Opinion We have audited the financial statements of PIPS Suicide Prevention Ireland ('the charitable company,) for the year ended 31 March 2023 which comprise the Statement of Financial Activities. the Statement of Financial P051tion, the Statement of Cash F5ows and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied In their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice) applying Settion IA of that standard. Thls report is made solely to the charitable company's directors, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's directors those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's directors as a body, for our audit work, for this report, or for the opinions we have ft)rmed. In our opinion the fsnancial statement5: glve a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its total incoming resources and expenditure of resources, including Its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinlon We conducted our audit in accordan with International Standards on Auditing (UK) (ISAS (UK}) and applicable law. Our responsibilities under those standards a further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with ethical requirements that are relevant to our audit of the financial statefnents in the UK, includlng the FRC'S Ethical Standard. and we have fulfilled our other ethical responslbllities in accordance with these requirements. We believe that the audit eviden we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respert of the following matters In relation to which ISAS (UK) require u5 to report to you where: the directors, use of the going concern basis of accounting in the preparation of the financlal statements is not appropriate- or the directors have not disclosed in the financial statements any identified material uncertainties that fnay cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023 other Information The directors are responsible for the other information. The other information comprises the information included in the Directors, Report, other than the financial statements and our Auditor's Report thereors. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audlt of the financial statements, our responsibility IS to read the other information and, in doing so, consider whether the other information is materially inconsistent with the finanual 5tatement5 or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies, or apparent material misstatements. we are required to determine whether there is a material misstatement in the financlal statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material mlsstatement of this Other information we are required to report that fact. We have nothing to report in th15 regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinlon, based on the work undertaken in the course of the audit.. the information given in the Directors. Report for the financial year for which the financial statements are prepared is consistent with the financial 51atements; and the Directors, Report has been prepared in accordantr with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtalned in the course of the audit, we have not identified material misstatements in the Directors, Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires US to report to you IF, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branche5 not Visited by us; or the flnancial statements are not in agreement with the accounting records and returns- or certain disclosures of directors, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audlt. or the directors were not entitled to prepare the financial statements in accordance wlth the small companies, regime and take advantage of the Small companies, exemption In preparing the Directors. Report. Responsibllities of Dirertors As explained more fully in the Directors. Responsibilities Statement, the directors (who are also the trustees of the charitable company for the purpose of charity law), are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intends to liquidate the charitable company or to cease operations, or has no realistic altemative but to do so. CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023 Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audlt conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, includln9 fraud, are instances of non-compliance with laws and regulations. The objectives of our audit In respect of fraud are to assess the risk of material misstatement due to fraud, design and implement appropriate responses to those assessed risks and to respond appropriately to instances of fraud or suspected fraud identified during the course of our audit. However, the primary spOnsibl11tY for the prevention and detection of fraud rests with management and those charged wlth governance of the company. In Identifying and assessing risks of material misstatement in re5peci of irregularities, Includlng fraud and non-compliance with laws and regulations, our procedures included the following: We obtained an understanding of the legal and regulatory requirements applicable to the charitable company's financial statements and considered the most significant are the Companies Act 2006 and Financial Reporting Standards (FRS102}; We have assessed the risk of material misstatement of the financial statements, including risk of material misstatement due to fraud and how It might occur by holding discussions with management and those charged with governance. We enquired of management and those charged with govemance as to any known instances of non- compliance or suspected non-compliance with laws and regulations. Understanding the intemal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. and Discussions amongst the audit engagement team regardlng how fraud might occur In the financlal statements and any potential indicators of fraud. As part of this discussion, we identified the following potential areas where fraud may occur-. timing of revenue cognItion and management override. The audit response to risks identified included: Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with the relevant laws and regulations above; Performing analytical prOdureS to identify any unusual or unexpected relationships that may indicate risk of material misstatement due to fraud- In addre551ng the risk of fraud through management override of controls, testlng the appmpriateness of Journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are reasonable and evaluating the business rationale of any Significant transactions that are unusual or outside the normal course of business. CavanaghKelly"
PIPS SUICIDE PREVENTXON IRELAND (Charitable Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2023 A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.or uk ditorsres onsibilities. This description forms part of our auditor's report. Mr. Ryan Falls FCA (Senior Statutory Auditor} For and on behalf of CavanaghKelly Chartered Accountants and Statutory Auditors 36 38 Northland Row Dungannon Co. Tyrone BT71 6AP Date: 10 CavanaghKelly"
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PIPS SUICIDE PREVENTION IRELAND (Charitsble Company Limited by Guarantee) STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023 Note 2023 2022 Fixed Assets Property, Plant and Equipment 240,618 219,177 Current Assets Inventories Receivables Cash at bank and In hand li 6,949 438 082 445,031 6,370 443 478 449,848 Payables: #mounts falling due within one year (54,754) (127,241) 12 390 277 322 607 Net Current assets/(liabilities) 630,895 541,784 Total assets less current liabilities Payables: amounts fallin9 due after more than one year (60,327) (77,965) 13 570 568 463 819 Net Assets REPRESENTED BY: Designated Funds Unrestricted Funds Restrlcted Funds Total Funds 14 14 14 570,568 419,079 44,740 463 819 570 568 These financial statements have been prepared In accordance with the special provisions of the Companies Act relating to small companies. The notes on pages 14 to 22 form an integral part of these financial statements. financial statements were approved and authorised for issue by the directors and signed on their Th eter Murray Director Date: Company Registration number: N1615082 Charity Commission for NI number: 104726 12 CavanaghKelly'
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Cash flows from operating artivities Surplusl(Deficit) for the year 106,749 97,474 Adjustments for.. Depreciation Release of deferred income 22,761 103,315 (149,568) (135,887) 22,761 Movements in working capital: Movement in receivables Movement in payables (579) (72,487) 73,066) 1,031 27,856 28,887 Net cash (used in)/generated from operntlng activities 56,444 (9,526) Cash flows from investing activities Payments to acquire property, plant and equlpment Repayment of borrowings (44,203) (17,637) (61,840) (59,385) 13,5851 (72,970) Net (decrease)/increase in cash and cash equivalents (5,396) (82,496) Cash and cash equivalents at beginning of financial year Cash and cash equivalents at end of financial year 443,478 438,082 525,974 443,478 Cash and cash equivalents consist of: 2023 Z022 Cash at bank and in hand 438.082 443,478 13 CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitsble Company Limited by Guarantee) NOTES TO THE FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 I. GENERAL INFORMATION PIPS Suicide Prevention Ireland is a charitable company limited by guarantee, incorporated in Northern Ireland. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company. The address of the registered office is as shown on page 2. The charltable company constitutes a public benefit entity as defined by FRS 102. 2. ACCOUNTING POLICIES The followlng accounting policies have been applied con5iStently in dealing with item5 which are consldered material in relation to the charitable company's finanaal statements. statement of Compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) Sertion IA effective l January 2021 (Second Editlon), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of Preparation The financial statement5 are prePad on a going conr basis under the historical cost convention unless otherwise stated in the relevant accounting policy. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charitable company's finanaal statements: Inrne and Endowments i) Charitable Activities Income from charitable actlvities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. It 15 recognised as earned as the related services or goods are provided. Grant income is recognised in the Statement of Financlal Activlties when receivable. Grant income included in thi5 category provides funding to support projects and is recognised where there is entitlement, rtaInty of receipt and the amount can be measured with sufficient reliability. ii) Donations and fundraising Income from donations or fundraising is COgnised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. iii) Other income Income from donations or fundraising is recognised when there Is evidence of entitlement, receipt is probable and its amount can be measured reliably. 14 CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL sfATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIE5 (continued) Expenditure Expenditu is recognised when a liability is incurred. Contractual arrangements and performance related grants a recognised as goods and services are supplied. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with use of resources. Staff costs and overhead expenses are allocated to actlvities on the basis of staff time spent on those activities. i) Charltable activities This compromises all the resources applied by the charitable company in undertaking its work to meet its charitable objectives. Charitable activities will include the costs of governance arrangements to the general running of the charitable company. Fund Accountlng The charitable company has three types of funds for which it Is responsible at the year-end: Designated Funds Such funds are held by the charitable company to meet the costs of future capital projects. The charitable company aim5 to withhold a portion of its surpluses each year to help meet these costs. These funds are in addition to the charitable company's reserve policy. Unrestrirted Funds - Funds which are expendable at the dlscretion of the direttors In furtherance of the objectives of the charity. In addition, funds may be held In order to finance capital investment and working capital. Restricted Funds - Income received for specific purposes. Such purposes are withln the overall aims of the charity. Property, Plant and Equipment and Depreciation Property, plant and equipment are initially recorded at cost. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Freehold Land & Buildings Property improvements Fixtures. Fittings and Equipment 1% Straight Line IO% Straight Line 20% Reducing Balan Taxation As a charity, the charitable company is not liable to Corporation Tax. Trade and other receivables Trade and other receivables are initially recorded at fair value and thereafter stated at cost less impairment losses for bad and doubtfijl debts. Trade and other payables Trade and other payables are initially recognised at fair value and thereafter stated at cost. CavanaghKelly" 15
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 2.10 Critical accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other source5. The estimates and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estlmate5 and underlying assumptions are reviewed on an ongoing basis. Revislon5 to accounting estimates are recognised in the period in which the estimate is revised were the revision affects only that period, or in the period of the revision and future periods were the revision affects both current and future periods. Critical judgements in applying the entity s accounting policies There are no critical judgements In applying the company's accounting policies. Critical accounting estimates and assumptions There are no actual accounting estimates and assumptions. 2.11 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term highly liquid investments with original maturities of three months or less. 2.12 Going Concern The financial statements are prepared on a going concern basis. Taking account of the risk review undertaken by the directors, they do not consider there to be a risk to the going concern 5tatUS Df the charitable company. 2.13 Finance Costs Finantr Costs are charged to the Statement of Financial Activities over the term of the debt. 2.14 Financial instruments i) Financial assets Basic financial assets, including trade and other re1vable5, cash and bank balances and amounts owed by related parties and are initially recognised at transaction pri, unless the arrangement constitutes a financing transaction, where the trnnsaction is measured at the present value of the future receipts discounted at a market rate of Interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objectlve evidence of impairment. If an asset Is impaired the impairment10sS is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective Interest rate. The impairment loss is recognised in profit or loss. If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. 16 CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 Financial asset5 are derecognised when: a) the contractual rights to the cash flows from the asset expire or are settled; or b) substantially all the risks and rewards of the ownership of the asset are transferred to another partyi or c) despite having retained some significant risks and reward5 of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the a55et to an Un lated third party without imposing additional restrictions. ii) Financial liabilities Baslc financial liabilities, including trade and other payables, bank loans and overdrafts and amounts owed to related parties are initially recognised at transartion price, unless the arrangement constitutes a financing transaction, where the debt instrument Is measured at the present value of the future recelpts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, uslng the effective Interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it Is probable that some or all of the frdcility will be drawn down. In this case, the fee is deferred until the drdw-down occurs, To the extent there 15 no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for Ilquidity services and amortised over the period of the facility to which it relates. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if paymentls due within one year or less. If not, they are presented as non-current liabilities. Trade payable5 are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 111) Offsetting Financial assets and liabilities are offset. and the net amounts presented in the financial statements when there is a legally enforceable right to sef off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 2.13 Pensions The charity operates a defined contribution pension scheme which is a pension plan under whlch fixed contrlbutions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund doe5 not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for the servi, the excess is recognised as a prepayment. CavanaghKelly° 17
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 3. XNCOME AND ENDOWMENTS Unrestrfcted Funds 2023 Restricted Funds 2023 Unrestricted Funds 2022 Restricted Funds 2022 Charitable activities: Capital grants Revenue grants 42,302 129,707 16,395 242,348 242 348 172 009 Total from charitable activlties Donations and legacies: other income Donations 7,342 393,082 9,923 340,026 400 424 349 949 Investment Income Bank deposit interest Total Income 400 424 366 344 172 009 18 CavanaghKel
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 4. RESOURCES EXPENDED Unrestricted Restrirted Unrestricted Funds Funds Funds 2023 2023 2022 Restricted Funds 2022 Salaries and wages Direct projert and fundraising costs Volunteer expenses Rent and water charge5 Insurance 36,724 19,031 15,412 3.380 3,546 10,767 32,634 17,723 27,024 27,990 18,731 9,592 6,137 9,254 20,625 6,966 1.386 22,761 298 242,348 123,451 1,323 10.237 951 126,752 808 181 1,770 3,609 7,554 2,745 11,152 12,707 17,840 16,418 5,664 2,934 5,498 64,894 5,998 413 Light, heat and power Repairs and maintenan Cleaning, hygiene, health and safety Postage, stationery and printing Promotlon and advertising Telephone and internet Computer expenses Travel and 5ubsi5tence Audit and accountancy Professlonal fees Sundry expenses Subscriptions Depreciation Bank charges Loan interest 34 558 132 172 12,460 363 1,221 3,694 3,034 Total expenditure 293 675 242 348 309 245 131 634 CavanaghKel 19
PIPS SUICIDE PREVENTION IRELAND (Charitable company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 5. NET INCOME / EXPENDITURE FOR THE YEAR Net Income l (expenditure) is stated after charging l (crediting): 2023 2022 Depreciation of property, plant and equipment Independent auditors, remuneration 22,761 5,000 13,681 4,500 6. AUDITORS, REMUNERATION The independent auditor5, remuneration amounts to £5,000 {2022: £4,500) 7. STAFF COSTS AND EMPLOYEE BENEFrrs The average number of persons employed by the company during the year was 11 (2022: 11). The total staff costs and employees. benefits was as follows.. 2023 2022 Wages and salarie5 Social Security Costs Pension costs 257,450 16,466 233,116 13,063 279,072 250,203 No employee of the charitable company received total employee benefits of more than £60,000. 8. DIRECTORS EMOLUMENTS The dlrectors received nor waived any remuneration or other benefits during the year and no reimbursement of expenses. 20 CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 9. PROPERTY, PLANT AND EQUIPMENT Freehold land and buildings Property improvem ents Flxtures, rittings and equipment Total Cost At l Aprll 2022 Additions 141,094 93.621 19,367 60.567 24,836 295,282 44,203 D15posals At 31 March 2023 141,094 112.988 85,403 339,485 Depreciation At l April 2022 Charge for year Disposals At 31 March 2022 8,462 1,411 42,511 10,525 25,132 10,826 76,105 22,762 9,873 53.036 35.958 98,867 Net Book Values At 31 March 2023 131,221 59,952 49,445 240,618 At 31 March 2022 132,632 51,110 35,435 219,177 10. Security At 31 March 2023, there was one outstanding charges held against the company relatlng to the property held by the charitable company. Abbey House, in Enniskillen. The charge, dated 27 January 2016, is held by U15ter Community Investment Trust. 11. RECEIVABLES 2023 2022 Grants and other receivables Prepayments and accrued income Other debtors 2,205 4,744 989 4,744 637 CavanaghKel 21
PIPS SUICIDE PREVENTION XRELAND (Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 12. PAYABLES: amounts falling due within one year 2023 2022 24,892 7,914 1,131 7,921 24,892 20,521 5,836 11,439 Loans Trade creditors other taxes and social security Other creditors and accrued expenses Deferred income 127 241 13. PAYABLES: amounts falling due after one year 2023 2022 60,327 77,965 Loan5 The loan is secured by mortgage and debentures over the charitable company's land and buildings. 13. ANALYSIS OF NET ASSETS Designated Funds Unrestricted Funds Restricted Designated Funds Funds Unrestricted Restricted Funds Funds 2023 2023 2023 2022 2022 2022 Property, Plant & Equipment Current Assets Current Liabilities Non-current Liabilities 240.618 219,177 445,031 (54,7541 405,107 (127,241) 77.965 419 078 44,740 570 568 14. ANALYSIS OF FUNDS Openlng balance Income Expenditure Transfers between funds Closing balance Greystone Charitable Trust National Lottery VCSE COVID Recovery BCC PPE capital grant 32.302 8,779 1,159 2.500 242.348 (242,348) (32,302) (8,779) (1,159) (2,500) Restricted Funds 242 348 242 348 Unrestricted Funds 419 079 400 424 293 675 570 $68 Total Funds 463 819 642 772 536 023 570 568 All restrlcted funds are considered to have been properly expended in the course of the charity'5 activities. 22 CavanaghKelly°