Company Number: N1615082 Charity Commission for NI: 104726 PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by guarantee) ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) CONTENTS Page General Information Directors, Report Independent Auditor's Report 7-10 Statement of Financial Activities li statement of Financial Position 12 Statement of Cash Hows 13 Notes to the Financial Statements CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) GENERAL INFORMATION Directors Dr Jennifer Ann Betts Vivian McKinnon Peter Murray Kerri Pollock Clara Scannell Rev William Shaw Stephen Trueick (Resigned 27 July 2024) lude Copeland (Appointed 27 June 2023) Registered Office 279-281 Antrim Road Belfast BT15 2GZ Company registration number N1615082 Charity Commission for NI number NIC104726 Auditors CavanaghKelly 36-38 Northland Row Dungannon BT71 6AP Bankers Ulster P>ank 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 2024 The directors, who are the trustees for the purpose of charity law, present their report and the audited flnancial statements of the charitable company for the year ended 31 March 2024. 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 Administration Details The reference and administration details of the charity are as shown on page 2. Objectives and Activities 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-harm by offering early intervention and other assistance to those at risk, their families and/or their carer's. b. promote the fostering of positive mental health and improving the emotional wellbeing of people residing in Ireland To advance the education of the public and raise awareness of, the causes and effects of suicide, the actions that can be taken to prevent suicides and the support available 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 this by- Providing 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; Providing a neutral, compassionate and supportive environment by offering a space for peer groups to share their experience5 of emjtional challenges., Working with organisations to nurture a culture of awareness and understanding of mental wellness, by providing specialist training and volunteering opportunities; Working with local communities and govemment bodies to influence sixietal change with 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 has, at its core, a commitment to the community. appropriate interventions and services along with core principles and values. 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 engaging 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, moving quickly and decisivelyi 4. We value respect by accepting each individual for who they are which enables us to build strong relationships based on trust and safety- 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 2024 6. We value our courage to do the right thing, influence societal change, by challenging the status quo and transforming our communities; We value our Commitment to Excellence in promoting mental wellness by maintaining the highest standards, by continually learning. improving and innovating: 8. We value integrity as the fundamental basis of how we operate, by consistently behaving in a moral, ethical, transparent, accountable and honest manner; 9. We value self-detemiination where individuals have the right to make their own decisions and choices, so that they become active participants in their own joumey. 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 service 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 wellness throughout Ireland; 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 financial resilience in order to support our service delivery. To influence societal pollcy and empower individuals and communities in the area of mental health. PIPS has a small dedicated team of paid staff and volunteers SUPPOrting those in need, operating the 'no appointment, service. 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 working 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 this increase, PIPS has increased its reliance on volunteer counsellors and recruited two additional Child and Youth Counsellors. During this reporting period PIPS had carried out 13,801 client sessions (2023: 11,558), of which 5,954 were children (age 4-18yrs old) (2023.. 3,345). This total increase in clients during this period has been due mainly to post Covid lockdown and resultant isolation coupled with financial concerns /furlough. 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 followers include: Facebook likes 20,856 (2023: 20,649) and followers 22,092; Instagram followers 4,589 (2023: 4.184) and X (previously Twitter) followers 6,274 (2023: 6.277). Events and Fundraising During the year ended 31 March 2024. a total of 260 fundraising and awareness events were held. CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) DIRECTORS. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Financial Review Public Benefit Statement The directors of PIPS Suicide Prevention Ireland confirm that they have complied with their duty under section 4{b) of the Charities Act (Northern Ireland) 2024 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 2024. Financial Performance The financial performance was in line with the Board of Directors. expectations. The charitable company remains in a sound financial position at the year end. The results for the year are set out in detail on pages li to 22. The charitable company had total income for the year of £840,230(2023: £642,772), total expenditure of £593,493 (2023: £536,023) and returned net incoming resources for the year of £246,737 (2023.. £106,749). At 31 March 2024, the total funds of the charitable company amounted to £817,305 (2023: £570,568) comprising £325,000 designated funds (2023: nil) and £492,305 of unrestricted funds (2023: £570,568). 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 objectives of the charitable company are disclosed in the notes to the financial statements. Reserves Pollcy The charitable company's trustees regularly vieW reseNes, using the Reserves Policy to support both the Financial Strategy and the Strategic Plan. A risk-based approach is used to calculate an optimal amount of reserves that looks at reliability of income, costs for re-organisation of activities, and specific liabilities. Amounts are included for risks we are aware of as well as contingencies to allow PIPS Charity to cope with unexpected costs and opportunities. We principally hold reserves to: protect the continuity of PIPS Charity work against uncertain future income streams; provide the capital needed to finance investment in operations; provide funds to replace assets: to cover for specific liabilities and identifiable risks. to allow PIPS Charity to respond to unexpected opportunities that can further mission; and to allow PIPS Charity to meet contractual obligations. The trustees have set optimal reserves approximately six months expenditure. As at 31 March 2024, the level of Free Reserves (defined as total general unrestricted fijnds. less tangible assets and excluding defined benefit pension obligations and long-temi commitment5) stands at £626,029 thereby exceeding the optimal reserves figure. PIPS Charity has designated reserves of £325,000 (2023: £nil) and restricted reserves of £nil (2023: £nil). The designated reserves are held to represent reserves that are not available for other activities since they have been allocated to be utilised to maintain the level of reserves at the required level. Restricted reserves relate to income to be used in accordance with specific restrictions imposed by funders and therefore do not form part of general reserves. This Reserves Policy is reviewed annually at our Audit and Risk Committee as part of our internal financial control systems. 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 which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. CavanaghKelly'
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) DIRECTORS. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 In accordance with the Articles of Association, the members to retire by rotation shall be those who have been longest in office since their last elertion, and the relevant motion will be put at the Annual General Meeting. A retiring member shall be eligible for re-election. Directors 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 Taxation of Chargeable Gains Act 1992. Directors. Responsibilities Statement The directors are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (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 directors 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 are reasorsable 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 inappropriate to pSuMe that the charitable company will continue in operation. The dirertors are responsible for keeping 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 financial 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 infomiation 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 information and to establish that the auditor is aware of that infomiation. Small company exemption This report has been prepared in accordan with the special provisions relating to small companies within Part 15 of the Companies Att 2006. Auditors CavanaghKelly are deemed to be reappointed auditors in accordance with Section 487(2) of the Companies Act 2006. This report approved by the Board on 2024 and signed on its behalf by: Re Director Shaw Company Registration number: N1615082 Charity Commission for Nl number: 104726 CavanaghKelly'
PIPS SUICIDE PREVENTION IRELAND {Charitable Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Oplnlon We have audited the financial statements of PIPS Suicide Prevention Ireland {'the charitable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows 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. This 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 fomied. In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its total incoming resources and expenditu re 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 ppared in accordance with the requirements of the Companies Att 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards a further described in the Auditor's i-esponsioilities for the audit of the fiiiancial statemeiits sertion of our report. l.ve are Independent of the company in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these quirements. We believe that the audit evidence 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 respect of the following matters in relation to which ISAS (UK) require us to report to you where: the dirertors, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or the directors have not disclosed in the financial statements any identified material uncertainties that may 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 Limlted by Guarantee) INDEPENDENT AUDITOR'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 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 thereon. Our opinion on the financial statements does not cover the other inforniation and. except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connertion with our audit 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 financial statements 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 financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of thi5 other information we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, 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 statements- and the Direttors, Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exceptlon In the light of our knowledge and understanding of the charitable company and its environment obtained 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 Art 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 branches not visited by us; or the financial 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 audit. or the (iirectors were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, exemption in preparing the Directors, Report. Responsibilities of Directors 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 Dirertors 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 concem. 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 alternative 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 2024 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 audit conducted in accordance with ISAS (UK) will always detett 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, including 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 responsibility for the prevention and detection of fraud rests with management and those charged with governance of the company. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedure5 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 governance as to any known instances of non- compliance or suspected non-compliance with laws and regulations. Understap,ding the interi)al controls established to mitigate risks related to fraud or non-compliance with laws and regulations. and Di5CUSsions amongst the audit engagement team regarding how fraud might occur in the financial 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 recognition and management override. The aLbdit 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 procedures to identify any unusual or unexpected relationships that may indicate risk of material misstatement due to fraud" In addressing the risk of fraud through management override of controls, testing the appropriateness 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 nomial course of business. CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 A further description of our responsibilities forthe audit of the financial statements is located on the Financial Reporting Council's website at www.frc.or orsr onsibilities. This description fomis part of our auditor's report. Mr. Ryan Falls FCA (Senlor Statutory Audltor) For and on behalf of CavanaghKelly Chartered Accountants and Statutory Auditors 36- 38 Northland Row Dungannon Co. Tyrone BT7 1 6AP Date: 10 CavanaghKelly"
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PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) STATEMENT OF FINANCIAL posrrIoN AS AT 31 MARCH 2024 Note 2024 2023 Fixed Assets Property, Plant and Equipment 230,345 240,618 Current Assets Inventories Receivables Cash at bank and in hand li 6,855 706 912 713,767 6,949 438 082 445,031 Payables: amounts falling due within one year 12 (87,738) (54,754) Net Current assets/{liabilities) 626 029 390 277 Total assets less current liabilities 856,374 630,895 Payables: amounts falllng due after more than one year (39,069) (60,327) Net Assets 13 817 305 570 568 REPRESENTED BY: Designated Funds Unrestricted Funds Restricted Funds Total Funds 14 14 14 325,000 492,305 570,568 817,305 570,568 These financial statements have been prepared in accordance with the special provi5ion5 of the Companie5 Act relating to small companies. The notes on pages 14 to 22 form an integral part of these financial statements. These financial statements were approved and authorised on rectors and signed on their behalf by: 024 for issue by the er irector 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 2024 2024 2023 Cash flows from operating activities Surplus/(Deficit) for the year 246,737 106,749 Adjustments for.. Depreciation Release of deferred income 22.969 22,761 269,706 129,510 Movements in working capital: Movement in receivables Movement in payables 94 32,984 33,078 (579) (72,487) (73,066) Net cash (used in)/generated from operating activities 302,784 56,444 Cash flows from investing activities Payments to acquire property, plant and equipment Repayment of borrowings (12,696) {21,258) {33,954) (44,203) (17,637) (61,840) Net (decrease)/increase in cash and cash equlvalents 268.830 (5,396) Cash and cash equivalents at beginning of financial year 438,082 443,478 Cash and cash equivalents at end of finanaal year 706,912 438,082 Cash and cash equivalents consist of: 2024 2023 Cash at bank and in hand 706.912 438,082 13 CavanaghKelly'
PIPS SUICIDE PREVENTION IRELAND {Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 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 charitable company constitutes a public benefit entity as defined by FRS 102. 2. ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charitable company's financial 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) Section IA effective l January 2021 (Second Edition), 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 statements are ppared on a going concem basis under the historical cost convention unless otherntise 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 financial statements: Income and Endowments i) Charitable Activities Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. It is recognised as earned as the related services or goods are provided. Grant income is recognised in the Statement of Financial Activities when receivable. Grant income included in this category provides funding to support projects and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability- ii) Donations and fundraising Income from donations or fundraising is recognised 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 STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES (continued) Expenditure Expenditure is recognised when a liability is incued. Contractual arrangements and performance related grants are recognised as goods and services are supplied. Where costs cannot be d1CtlY 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 artivities on the ba515 of staff time spent on those artivitie5. Charitable activitles 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 Accounting The charitable company has the 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 aims 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. Unrestricted Funds - Funds which are expendable at the discretion of the dirertors 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 aims of the charity. Income received for specific purposes. Such purpose5 are within the overall Property, Plant and Equipment and Depreclation Property, plant and equipment are initially corded at cost. Depreciation is provided at rates calculated to write off the c05t le55 residual value of each asset over its expected useful life, as follows: Freehold Land & Buildings Property improvements Fixtures, Fittings and Equipment 1% Straight Line IOO/o Straight Line 200/0 Reducing Balance 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 Sosses for bad and doubtful debts. Trade and other payables Trade and other payables are initially recognised at fair value and thereafter stated at cost. 15 CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 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 sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions 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 Golng 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 conTrm status of the charitable company. 2.13 Finance Costs Finance Costs are charged to the Statement of Financial Activitie5 over the term of the debt. 2.14 Financlal instruments i) Financial assets Basic financial assets, including trade and other receivables, cash and bank balances and amounts owed by related parties and are initially recognised at transaction price. unless the arrangement constitutes a financing transaction, where the transaction 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 amortlsed cost are assessed for objective evidence of impairment. If an asset is impaid the impairment loss 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 2024 Financial assets 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 rewards of ownershipi control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party Without imposing additional restrictions. ii) Financial liabilities Basic financial liabilities, including trade and other payables, bank loans and overdrafts and amounts owed to related parties are initially recognised at transaction price, unless the arrangement constitute5 a financing transaction. where the debt instrument is measured at the present value of the futu receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using 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 facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is 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 liquidity 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 busine55 from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transattion price and subsequently measured at amortised cost using the effective interest method. iii) Offsetting Financial assets and liabilities are offset, and the net amounts presented in the financial statements when there is a legally enforceable right to set 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 which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does 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 service, the excess is CogniSed as prepayment. 17 CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 3. INCOME AND ENDOWMENTS Unrestricted Funds 2024 Restricted Funds Unrestricted Funds Restricted Funds 2024 2023 2023 Charitable activitles: Capital grants Revenue grants 314,288 242.348 Total from charitable activities 314 288 242 348 Donations and legacies: other income Donations 7,316 518,626 7,342 393,082 525 942 400 424 Investment Income Bank deposit interest Total income 525 942 314 288 400 424 242 348 18 CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 4. RESOURCES EXPENDED Unrestricted Restricted Unrestricted Funds Funds Funds 2024 2024 2023 Restricted Funds 2023 Salaries and wages Direct project and fundraising costs Volunteer expenses Rent and water charges Insurance Light, heat and power Repairs and maintenance Cleaning, hygiene, health and safety Postage, stationery and printing Promotion and advertising Telephone and internet Computer expenses Travel and subsistence Audit and accountancy Professional fees Sundry expenses Subscriptions Depreciation Bank charges Loan interest Bad debts provision PAYE late payment interest 44.061 23,014 314,288 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 3,694 242,348 4,160 3,315 17,947 22,986 19,107 13,770 7,972 18,566 6,227 21,037 7,960 31,403 6,064 3,336 22.969 235 3.634 815 627 Total expenditure 279 205 314 288 293 675 242 348 19 CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 5. NET INCOME I EXPENDITURE FOR THE YEAR Net income l (expenditure) is stated after charging l (crediting): 2024 2023 Depreciation of propertyi plant and equipment Independent auditors. remuneration 22,969 5,000 22,761 5,000 6. AUDITORS. REMUNERATION The independent auditors, remuneration amounts to £5,000 (2023: £5,000) 7. STAFF COSTS AND EMPLOYEE BENEFrrs The average number of persons employed by the company during the year was 11 (2023: 11). The total staff costs and employees. benefits was a5 follows: 2024 2023 Wages and salaries Social Security Costs Pension costs 324,765 26,699 6,885 358,349 257,450 16,466 5,156 279,072 No employee of the charitable company received total employee benefits of more than £60,000. 8. DIRECTORS EMOLUMENTS The directors received nor waived any remuneration or other benefits during the year and no reimbursement of expenses. 20 CavanaghKelly"
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 9. PROPERTY, PLANT AND EQUIPMENT Freehold land and buildings Property improvem ents Fixtures, fittings and equipment Total Cost At l April 2023 Additions Disposals At 31 March 2024, 141,094 112,988 85,403 12,696 339,485 12,696 141,094 112,988 98,099 362,181 Depreciatlon At l April 2023 Charge for year Disposals At 31 March 2023 9,873 1,411 53,036 11,299 35,958 10,259 98,867 22,969 11,284 64.335 46,217 121,836 Net Book Values At 31 March 2024 129,810 48.653 51.882 230,345 At 31 March 2023 131,221 59,952 49,445 240,618 10. Security At 31 March 2024, there byas one outstanding charge held against the company relating to the property held by the charitable company. The charge, dated 27 January 2016, is held by Ulster Community Investment Trust. 11. RECEIVABLES 2024 2023 Grants and other receivables Prepayments and accrued income Other debtors 2,205 4,744 6,855 12. PAYABLES: amounts falling due within one year 2024 2023 Loans Trade creditors Other taxes and social security other creditors and accrued expenses Deferred income 24,892 12,941 19,704 10,652 24,892 7,914 1,131 7,921 21 CavanaghKelly'
PIPS SUICIDE PREVENTION IRELAND (Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31 MARCH 2024 13. PAYABLES: amounts falling due after one year 2024 2023 Loans 39,069 60,327 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 Restrirted Funds Deslgnated Funds Unrestricted Restricted Funds Funds 2024 2024 2024 2023 2023 2023 Property. Plant & Equipment Current Assets Current abilItieS Non-current Liabilities 230.345 240,618 325,000 369,217 (68,188) 19,550 (19,550) 445,031 {54.754) 325 000 492,305 570 568 14. ANALYSIS OF FUNDS Openlng balance Income Expendlture Transfers between funds Closing balance Deslgnated Funds 325,000 325,000 Restricted Funds Anonymous benefactor Lorna Byrne Foundation Belfast City Council Dormant Accounts Funds 244,059 12,896 24,000 33,333 (244.059) {12,896) (24,000) (33,333) 314 288 Unrestricted Funds 525 942 279 205 325 000 492 305 Total Funds 570 568 840 230 S93 493 817 305 All restricted funds are considered to have been properfy expended in the course of the charity's activities. Designated funds represent monie5 earmarked by the charity to maintain a level of reserves for future unforeseen costs. 22 CavanaghKelly"