Advicè North West Reglstered numbar: N1056135 Trustaes Annual Raport lincludlng Directors. & Stratagic Report) The trustees have pleasure In presenting their rewrt and the finanual ststements or the company for the year ended 31 March 2023. Oblectlves and actlvltles The principle objective5 and activities of the charity Ouring the year continued to be the relief of poverty, sickne85 and distress in all seclions of the communily, Ihe adVanMeNt of education and prole¢lion of health thetsY ensuring people do not suffer through Ignorance of their rights or Serwices available to them. The principle ol Advi Norih Wesl is that we provide free, impartial, confidential and independent support and advoc2cy over a number of areas of 18w induding social security benefits. money adviceldebt, employment leglslation. consumer issues, health, housing rights and olher legal mallers. The charity is a charitable company limited by guarantee. It is governed by a memor8ndum and articles or association. During the year, the charity carried out a number of acliwties and projects in the furtherance of Ils objectives.. 1. Pros1On of advic8 serceS across 8 range of issues such as soci85 security benefits, rnoney advice, employment legislalion. consumer rights, housing rights et¢ in our four main orrice sites plus oulreach adirice provision in idenlified rural and urban areas of Derry and Slrabane. 2. Speufic focus on new wplfare reform regulations and advising claimants on the impacl on Ihelr finan(xal 11- being of new Universal Credit Migration 8nd Disability 8enefils. 3. Influencing Policy and legislative change via Commissioners Healings. 4. Operation of MoneylDebt advice project to advise users on Issues relallng lo personal debt and implementatlon of le9al debt remedies to assist our dients. strate IcRe ort Achlevernents and p8rfomiance Ilncluding prlnclpal risks and uncertalntles, devglopment and performance and key p8rforman¢e Indlcatorsl The maln achievements of the charity durfng the year were as follows.. 1 Increasing seTr7 deliverable melS to ensure no accessibility barriers for our c1ients- lo Indude face- to fao apprynlments. Telephone AdCe, Email Advice 8nd provision of Information talks to Communities. 2 Furth8r Inveslmenl in new digSlal technology, Mfjlh new linked telephone system aniJ Teams transforming how we inleracl ryth our dienls Funders and each olher. 3 Delivery of Enhanced Specialist Tr8ining for all staff facilitated vla CPAG. Law Centre. Advice Nl. 4 Retention of sp1811st Debt Unit and Tribunal Riohls Unit. S Retention of funding and collaborative partn8rs in Ihe delivery of ouraSms. values and objectives. The direclois are satisfied that the performance of the company during the year, in teims of both rinanaal and operational results, is in Ilne wth the charily's constitution and key objectives. Financl81 review Ilncludlng reserves pollcyl The net income for the year was £24,421 131 Mar 2022- net expenditure £23,785). The surplus for the yearwll be added lo fund5 brought forwdrd. Total funds and reserves at the end of the financial year were £283.957. Th8 charity aims to ensure that liquid funds held at any point in tlme are sufficlent to cover expendlture equivalent to 3 rnonlhs of all ongoing operating cost5 (excluding depreciation). At the year-end date, Ihe charity held cash al bank lon cuffent or short tem deposit accounts) of £227,856. Total expendilure for the year was £838,888 (excluding deprecialionl. The charity. therefore, held funds equiva18nt to 3.3 months of ongoing operatlng costs lexcluding depreciation).
Advic6 North West Reglstered number.. N1056135 Trustees Annual Roport {Includlng Directors. & Strataglc Report) Plans for future perlods There are no significant changes planned for the forthcoming fin8nual year. The directors wryll contlnue io govern the company in line wlh the constitLrtion Sn order lo achieve the objectives noted above. Structure. governance and management The charity is a charilable company limited by guarantee. The company is governed and managed by the board of dIorS. The directors served Ihe company Ihroughoul the year are showi On pages 1 and 2. together wlh details of Ihe registered tsffice and other professional advisors. The Cornpany is managed on a day-ltrday basi5 by Mrs J Gallagher. vtho oversees all operational and finan81 mallers on behalf of the board and reports directly lo the board on all such mallers. The board of dire¢lors rarry out their governance role throughout the year by way of meetings on a monthly basis lo rewew the performan¢e of the company and lo mak8 decisions gardIng the companls financSal and operalional matters. The directors govern Ihe aelivilies of the company in line ryth Ihe obje¢lives sel out in the governing documents of the tharity, namely Ihe Memorandum and Articles of Association an¢J Ihe ¢haritls con51itulS0n. DlrectOTS Th8 directors lalso the Irusleesl vtho Served the wmpany during the period were as follows.. Mr P Gray Ms S Duffy Mr S McPherson Ms 8 Heery Mr$ J Harte Mr K Bradley Mc C M¢Keone Mrs M Quigley M5 WA Kirk Trustees, responsibilities The 1rn8tees, who are also the d1ClorS of the company, are responsible for preparing the Annual Report ané the flnan¢ial statements in accordance wqih applicable lawand regulalions. Company law requires tha trustees io Ppare finan81 slatements for each financial year. Under that law Ihe Iruslee5 have elected lo prepare the financial slalemenls in accordance with Unlled Kingdom Generally Actspled Accounling Praelits (United Kinodom Accounlin9 St3ndard$ and applicable lawl. The financial statements are required by law lo give a true and fair wew ol the state of affairs of Ihe company and Of the profil or loss of the company for Ihal period. In preparlng these finan¢4al slalemenls, the Iruslees are required to". select suitable accounllng polldes and then apply them conslslenlly, makejudgement8 and eslimales that are reasonab18 and prudent.. prepare the linancial slaternenis on the going ¢oncem basis unless il is inappropriate lo presume that Ihe company wll continue in busines8. The trustees are responsible for keeping proper accountlng re¢Cd3 that dise105e 1th reasonaue accuracy at any time the financial position of the company and enable Ihem to ensure that the financial slatetnents Comply wlh the Companles A¢1 2006. They are also responslble for Safeguarding the 8ssels ol the company and hents for taking reasonable steps for the prevenlion and detec.0 of fr8ud and other ittegularilies. Dlsclosure of Informatlon to the auditors We, the dlre¢tors of the ¢x)mpany who held Offi al Ihe date of approval ol these financial statements as set out above each confirm. so far as we are aware, ihal.. there is no ielevznt aud51 information of vthich the companvs auditor is Unawa., and the dire¢lor$ have laken all step5 that they ouohl lo have taken to make themselves aware of any relevant audit informalion and lo eslablish Ihal Ihe auditor is aware ol Ihal inforrnation.
Advice North West Registered numb&r'. N1056135 Trustees Annual Raport lincluding Dlrectors. & Strateglc Reporti Audltor SJK Charted Account8nt5 a deemed to be reappointed under section 487121 of the Companies Act 2006. Small company exemptlons Thi5 report has been prepared In accordan wth the special provision5 for small companie5 under Part 15 of the Companies Act 2006. In approwng the Trustees, Annual Report. we also approve the Strategic Report included therein, in our capacily as company directors. By order of the Board Mrs J Gallagher Company Secretary 1 December 2023