Registered number N1056135 Advice North West Report and Accounts Year Ended 31 March 2024 SJK & Com an Chartered Accountants & Registered Auditors 8 Bridge Road, Moira, Craigavon, BT67 OPF
Advice North West Report and accounts Contents Page Charity reference and administrative details Trustees annual report (including directors, & strategic report) Independent auditor's report to the members Statement of financial activities 2104 5t07 Balance sheet Notes to the financial statements 10t016
Advice North West Charity reference and administrative details Company registration number NIC104965 Charity tax reference XN88408 The board of directors Mr P Gray Mr S McPherson Mrs J Harte Mr K Bradley Ms S Duffy Ms B Heery Mr C McKeone Company secretary Mrs J Gallagher Members of the management committee Mrs J Gallagher Mr E Doherty Alderman N Mcmorris Mrs R French Cllr R Farrell Mr G Deeney Alderman J Montgomery (Started June 2024) Mr R Barr (Started June 2024) Mrs C Deeney (Started June 2024) Cllr G Donnelly (Left June 24) Cllr L Seenoi-Barr (Left June 24) Cllr C Devine {Left June 24) Registered office 5th Floor, Embassy Building 3 Strand Road Derry BT48 7BH Auditors SJK Chartered Accountants 8 Bridge Road Moira Craigavon BT67 OPF Accountants Satori Accounting 11 Orchard Business Park Pennyburn Industrial Estate Derry BT48 OLU Bankers First Trust Bank Meadowbank Branch Strand Road Derry Soli¢ltors Hasson & Company Solicitors 39-41 Clarendon Street Derry BT48 7ER
Advice North West Registered number: N1056135 Trustees Annual Report lincluding Directors. & Strategie Report) The Ituslees have pleasure in presenting their report and the financial slalemenls of the company loi the year ended 31 March 2024. Objectiv8s and activiti&$ Advice North Wesl serves people living in Ihe Derry Cily & Slrab8ne District Council area. Our service 15 independent and provides free, conlidenlial, impar1181 and high-qualily advi lo everybody iegardless ol ability, age, gender, gender identity. race, religion, polilical opinion, sexual orientation and social or economic status. Advice North Wesl slaff teams live our guiding prin¢iple of A.C.H.l.E.V.E. underpinning all we do in pursuit of a beller life for our clients. A Advance and Promote Equality C Challenge discrimination and injustice H - Help and advocate on behalf of our marginalised and vulnerable I Invest in our slaff and support Iheir leaming and development E - Empower cilizens lo increase their resourcefulness loi living V V81ue diversity E - Effect positive change by influencingllobbying policymaker. Advice North Wests professional and skilled staff meet client needs in all Advice Areas and Specialisms. We deliver a quality assured consistent advice service al every point of ¢lienl contact. Wilh wdening inequality it) society and increasing levels ol delrimenl and poverty, we expect more people wll seek andlor need our help. The ¢harily is a ch8rilable company limiled by guarantee. 11 is governed by a memorandum and 8rticles of a550cialion. During the year. the charily carried out a number ol activities and projects in the furtherance of ils objeclives.. 1. Provision of advice setvi¢es across a range of issues such as social secuiily benefits, money advice. employment legislalion, consumer lights, housing rights etc in our four main office siles plus outreach advice provision in identified iural and urban areas of Derry and Slrabane. 2. Specific focus on new welfare reform regulations and advising ¢laimanls on Ihe impact on their financial well- being ol new Universal Credit Migration and Disabilily Benefits. 3. Influencing Policy and legislative change via Commissioners Hearings. 4. Operation of MoneylDebl advice proje¢l lo advise users on issues relating lo person81 debt and implementation ol legal debt remedies lo assist our clients. Stratè iGRe ort Achlovements and pèrformancè lincluding principal rlsks and uncertainti8$, development and performan¢è and key performance indi¢atorsl The main achievements ol the charity during the year were as follows.. 1 Increasing servi¢e deliverable models lo ensure no acssibilI1Y barriers for our clients- to include face- to lace appoinlmenls, Telephone Advice , Email Advi and provision of Information talks lo Communities. Give tailored advice across multiple advice areas in an efficient and ¢osl-effeclive way. 2 Digital technologies have ciealed new ways lo serve clients and we musl keep pace wlh modeTll expeclalions, meeting more demand in a tailored and streamlined way. We wll continue to develop our clients overall user experience ol wilh new linked telephone system and Teams transforming how we inleracl th our ¢lienls funders and each other. 3 Delivery of Enhand Spe¢ialisl Training lor all staff facililaled via CPAG. Law Cenlre, Advice Nl. 4 Retention of Specialist Debt Unil and Tribunal Rights Unil. 5 Diversification of funding model and collaboralion with stakeholders whilst consolidalion ol current financial streams. Ensure we have a sustainable financial resource model lo meel multidisciplinary and cross functional workin9 with Agile and inlegralive piocesses Ihal can respond rapidly lo change. Relenlion ol funding and collaborative partners in the delivery of our aims, values and objectives. The directors 8fe satisfied that the performance ol the company during tho year, in lerms of both financial and operational results, is in line wlh the charity's conslilulion and key objedives.
Advice North West Registered number: N1056135 Trustees Annual Report Ilncluding Dlrectors, & Strategic Report) Financial revlèw (including reserves pollcyl The nel expenditure for the year 2024 was £7,436131 Mar 2023 - nel income £24,421). The deficil for the year ill be deducted from funds broughl Iotward. Tolal funds and reserves al the end ol the financial year were £276.521. The charity aims lo ensure Ihal liquid lunds held al any point in lime are sufficient to cover expenditure equivalenl lo 3 months ol all ongoing operaling costs lexcluding deprecialionl. At the year-end dale, the chaiily held cash al bank lon Currenl or shorl lerm deposil accounts) of £182.533. Tolal expenditure for Ihe year was £869,821 lexcluding depreatIon). The charily, therefore, held funds eauiv8lenl lo 2.5 months of onaoina ODeialino costs lexcludina deDre¢ialionl. Plans for futurè parlods There are no significant change5 planned lor the forthcoming financial year. The dire¢lors will continue to govern the company in line wlh Ihe constilulion in order to achieve Ihe objectives noted above. Structuro, governanc8 and managèment The ¢harily is a charitable ¢ompany limited by guaianlee. The company is governed and managed by the board of directors. The directors who served the company throughout the year are shown on pages 1 and 2, together Vwilh details of the registered office and other professional advisors. The company is managed on 8 day-lo-day basis by Mrs J Gallagher, who oversees all operational and financial matters on behalf of Ihe board and reports directly to the board on all such mallers. The board of directors carry out their governance role Ihroughoul the year by way of meetings on a monthly basis lo review Ihe performance of the company and lo make decisions regarding the company's financial and operational mallers. The directors govern Ihe activities of the ¢ompany in line with the objectives sel oul in the governing documents of the charity, namely the Memorandum and Ariicles of Assoaalion and the charity's conslilulion. Dirgctors The directors lalso the Ifusleesl who served the company during Ihe period were as follows-. Mr P Gray Ms S Duffy Mr S McPherson Ms B Heery Mrs J Harte Mr K Bradley Mc C McKeone
Advice North West Registered number.. N1056135 Trustees Annual Report Ilncluding Directors. & Strateglc Report) Trustees. responslbilities The Iruslees, who are also the directors of the company, are responsible lor preparing the Annual Report and the financial slalemenls in accordance wlh 2pplicable18w and regulations. Company law requires the Iruslees lo prepare financial slalemenls lor ea¢h financial year. Under that law the Iruslees have elected lo prepare the financial slalemenls in accordance wlh United Kingdom Generally Accepted Ac¢otJnling Pr8clice (Uniled Kingdom Accounting Standards and applicable lawl. The financial slalemenls are requifed by law lo give a Irue and fair view of the slate ol affairs of the company and of the profil or loss of Ihe company for that period. In prep¥ring these financial slalemenls, the Iruslees are required lo.. select suilable accounting policies and then apply Ihem consislenlly.. make judgeTnenls and eslimales that are reasonable and prudent., prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the company wll continue in business. The Ituslees are responsible lor keeping proper accounting records Ihal disdose vilh reasonable accuracy al any lime the financial position ol the company and enable them lo ensure Ihal the financial slalemenls ¢omply wlh the Companies Act 2006. They are also responsible loi safeguarding Ihe assels of the COpanY and hence lor taking reasonable steps for the prevention and detection of fraud and olher irregularities. Dlsclosure of Information to the audltors Vve. the dire¢lofS of the company who held office al the date of approval of Ihese financial slalemenls as sel oul above each confirm. so lar as we are aware, Ihal.. there is no relevant audit informalion ol which the cornpany's audilor is unaware., and the direclors have laken all sleps that they Dughl lo have laken lo make themselves aware of any relevant audit information and lo eslablish that the audilor is aware ol Ihal information. Auditor SJK Chartered Accounlanls are deemed lo be reappointed under section 487121 of the Cornpanies Acl 2006. Small company exèmptlons This report has been prepared in accordance wth the special provisions for small companies under Pari 15 of the Companies Acl 2006. In approving the Truslees. Annual Report, we also approve the Slralegic Report included therein, in our capacity as company directors. By order of the Board Mrs J Gallaghar Company S¥¢r•tary 4 Novembor 2024
Advice North West Independent Auditor's Report to the Members of Advice North West Oplnion We have audited the financial slalements of Advice North West {Ihe 'ch3ritable company'l for the year ended 31 March 2024 which comprise the Slalemenl ol Financial Activities. the Balan Sheet and notes to the financial slalemenls, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, includin9 Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Iroland (United Kingdom Generally Accepted A¢¢ounling Praclicel. In our opinion the financial slatemenls.. give a true and fair view of the slate of the charitable MpanY'S affairs as 8131 March 2024. and tsf ils incoming resour¢es and application of reSoUrs, including ils income and exp&ndilure, for the year ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements ol the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financi81 slalemenls section of our report. We are independent ol the Charitable company in accordan with the elhi¢al requirements that are relevant lo our audit of the Iinancial slalemenls in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to golng concern In audilino the financial slalemenls, we have concluded Ihal the Iruslees. use of the going concern basis of accounting in the prepar81ion of the financial slalemenls is appiopriale. Based on the work we have performed. we have not identified any material uncertainties relating lo events or conditions that. individually or collectively, may cast significant doubl on the charitable company's ability lo continue as a going concern for a period of al least 1ve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the Tesponsibililies of the Iruslees with respect lo going concern are described in the relevant sections of this report. Other informatlon The other information comprises the information included in the Iruslees, annual report. other than the financial slalemenls and our auditor's report Ihereon. The Iruslees are responsible foi the other information. Our opinion on the financial statements does not cover the other information and, except lo the exlenl olherwise explicitly slated in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial slalements or our knoedge obtained in th& course of the audit or otherwise appears lo be materially misslaled. If we idenlify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise lo a material misslalemenl in the rinancial statements Ihems&Sves. If. based on the work we have performed, we conclude that there is a material misslalemenl of this other information. we are required lo report that fact. We have nothing lo report in Ihis regard. Oplnlons on other rnatters prescribed by the Companies Act 2006 In our opinion, based on the WOTk undertaken in the Course ol the audit.. the information given in the Iiusl&es' report prepared for the purposes of company law, for the financial year for which the financial slalemenls are prepared is consislenl with the financial stalemenls., and the direcloTS' report included within the Iruslees, report has been prepared in accordan with applicable legal requirements.
Advice North West Independent Auditor's Report to the Members of Advlce North West Matt&rs on whl¢h we are requlred to report by exception In the light of the knoedge and understanding of the charitable company and ils environment obtained in the Course of the audit, we have not identified material misslalemenis in the directors, report included within the Iruslees. report. We have nothing lo report in respect of the following mallers in ielalion lo which the Companies Act 2006 requires us lo report lo you if, in our opinion.. adequate accounting records have not been kepl. or returns adequate for our audit have not been received from branches not visited by us., or the financial slalemenls are not in agreement with the accounting records and reluTns.' or certain disclosures of directors, remuneration specified by law are not made.. or we have not received all the informalitsn and explanations we require lor our audit., or the trustees were not enlilled to prepare the financial slalemenls in accordan with the small companitss regime and take advantage of the small ¢ompanies' e%emplions in preparing the direclors, report and from the requiremenl lo prepare 8 strategic report Responslbllities of directors As explained more fully in the Iruslees, responsibilities slalemenl sel out on page 3, the trustees (who are also the directors of the charitable company for the purposes ol company law) are responsible for the preparation ol the financial slalements and for being satisfied that they give a true and fair view, and for such internal control as the Iruslees determine is necessary lo enable the preparation ol financial $18lemenls that are free from material misslalemenl, whether due lo fraud or error. In preparing the financial slalemenls, the Iruslees are responsible for assessing the charitable company's ability lo continu& as a going concern, disclosing, as applicable, mallers related lo going conrn and using the going concern basis of accounting unless the Iruslees either intend to liquidate the charitable company or to cease operations. or have no realisti¢ allernalive bul lo do so. Auditor's responsibilltles for the audit of the flnancial statements Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misslalemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misslatemenl when il exists. Misslatemenls can aiise from fraLtd or eiror and are considered material il, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slalemenls. Irregularities, including fraud, are instances of non-compliance with 18ws and regulations. We design procedures in line with our responsibilities. outlined above, to delecl material misslalemenls in respect tsf irregularities, including fraud. Because of the inherent limilalions of an audit. there is a risk that we will not deled all irregularities, including those leading lo a material misslalomenl in the financial slalemenls or non-¢ompliance with regulation. This risk increases the more that compliance with a law or regu181ion is removed from the events and Ir8nsaclions reflected in the financial slalemenls. as we will be l&ss likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occuriing due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission 01 misrepresenlalion. As part of an audit in accordance with ISAS IUKI, we exercise professional judgment and maintain professional s¢epticism throughout the audit. We also.. Identify and assess the risks of material misslalemenl of the financial slatemenls, whether due lo fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not delecling a material misslalemenl resijlling from fraud is higher than for one resultin9 from error, as fraud may involve collusion, forgery, intentional omissions. misrepresenlalions, or the override of internal control. Obtain an und&rslandin9 of inleinal ctsnlrol relevant to the audit in order to design audit procedures Ihal a appropriate in the circumstances, bul not for the purpose of expressing an opinion on the effectiveness of the charitable company's internal ¢onlrol. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting eslimales and related disclosures made by the direclors. Conclude on the appropriateness of the Iruslees, use of the going concern basis of accounting and, based on the audit evidence obl8ined. whether a material uncertainly exists related to events or condllions that may cast significant doubt on the charitable companls ability lo continue as a going cOnrn. If we conclude that 8 malerial UnrtainlY exists. we are required to draw attention in our audilorfs report to the related disclosures in the financial statements or. if such disclosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence obtained up lo the dale of our auditor's report. However, future events or ¢ondilions may cause the charitable comp8ny lo ase lo continue as a going ¢oncern. Evaluate the overall presentation, structure and content of the linancial statements, includin9 the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation lie. gives a true and fair view).
Advice North West Independent Auditor's Report to the Members of Advice North West We communicate wilh those charged with governance regarding, among other matters. the planned scope and liming of the audit and signili¢anl audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely lo the ¢harilable companls members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Acl 2006. Our audit work has been undertaken so that we might stale lo the charitable company's members those matlers we are required to slate lo them in an auditor's report and for no other purpos6. To Ihe fullest ex1ent permilled by law, we do not accept or assume responsibilily lo anyone other than the charitable company and the ¢harilable company's members #s a body. for our audit work. for this report, or foT the opinions we have formed. Mrstephen Kennedy for and on bfihalf of SJK Chartered Accountants Chartered Accountants & Registered Auditors B Bridge Road Craigavon Northern Irèland BT67 OPF 4 November 2024
Advice North West Statement of Financial Activities for the year ended 31 March 2024 Notes Unrestrlcted Restrlcted 2024 2023 Income and endowments from: Donations and legacies Charitable activities Investments 11,305 11,305 848,360 6,061 13,638 853,989 2,016 848,360 6,061 Total income 17,366 848,360 865,726 869,643 Expenditure on: Raising funds Charitable aclivilies Governance costs 40,360 762.478 45,522 40,360 786,112 46,690 38.569 758,958 47.695 23,634 1,168 Total expenditure 24,802 848,360 873,162 845.222 Net income I lexpenditurel 17,4361 17,436) 24,421 Transfer beleen funds Reconciliation of funds: Total funds brought forward 139.245 144,712 283,957 259,536 Total funds carried forward 131,809 144,712 276,521 283,957 All income and expenditure derive from continuing activities The statement of financial activilies includes all gains and losses recognised during the year
Advice North West Balance Sheet as at 31 March 2024 Notes 2024 2023 Fixed assets Tangible assets 12,934 12,934 11,233 11,233 Current assets Debtors Cash al bank and in hand 12 101,144 182,533 283,677 68,977 227,856 296,833 Creditors: amounts falling due within one year 13 120,090) {24,109) Net Current assets 263,587 272.724 Total assets less current liabilities 276,521 283,957 Total assets less current liabilities 276,521 283,957 Charity funds Unrestricted Restricted Total charity funds 16 17 17 131,809 144,712 276,521 139,245 144,712 283,957 These financial statements have been prepared in accordance with the special provision5 for small companies under Part 15 of the Companies Act 2006 and the Statement of Recommended Practice Accounting and Reporting by Charities ISORP 2015). These financial statements were approved by the directors and aulhorised for issue on 4 November 2024 and are signed on their behalf by.. S Mc Pherson Director B Heery Director
Advice North West Notes to the Financial Statements for the year ended 31 March 2024 Accountlng policies (i) General informatlon and basis of preparation Advice North Wesl is a charitable company limited by guarantee registered in Northern Ireland. n the event of the charity being wound up. the liability in respect of the guarantee is limited to £1 pei member of the charity. The address of the registered offiTr is given in the charity information on page 1 of these financial slalements. The nature of the charity's operations and principal activities are.. .Ethe relief of poverty, sickness and distress in all sections of the community .Ethe advancement of education and protection of health thereby ensuring people do not suffer through ignorance of their righls or servi$ available to them .Q)rovide free, impartial, confidential and independent support on consumer issues, employment legislation, social secLJrity benefits, money advice, health, housing rights and other legal mallers The charity conslilules a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issueL1 on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021, the Charities Act (Northern Ireland) 2008, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015. rhe financial statements have been prepared in accordance with Accounting and Reporting by Charities-. statement of Recommended Practice applicable lo charities in the UK and Republic Of Ireland {FRS 1021 issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic Of Ireland IFRS 102). Ihe Companies Act 2006 and UK Generally Accepted Practices as il applies from 1 January 2015. rhe charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. The financial statements have been prepared to give a 'true and fair, view and are prepared on a going concern basis under the historical cost convention, modifi'ed to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparalion of these financial statements are sel out below. These policies have been consistently applied to all years presented unless otheiSe stated. (li) Income recognition Incoming resources from generated funds conslsts of income from fees and services generaled by the charity from ils main charitable activities together with donations and fundraising. All incoming resources are included in Ihe Statement of Financial Activities {SoFAI when the charity is legally entitled to the income after any perf0mlan conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Incoming resour8 from charitable activities consists of grants reiVed from various funding bodies lo assist the charity in achieving its objectives. Grants ol this nature are recognized in the Statement of Financial Activities when the charity is legally entitled lo the income and all preconditions for receipt of the funds have been met. 10
Advlce North West Notes to the Financial Statements for the year ended 31 March 2024 {iii) Expenditure recognltion All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related lo the category. Where costs cannot be directly attributed lo particular headings they have been allocated to activities on a basis consistent with use of the resources. Staff costs have been allocated on the basis of lime spent on each ol the main activities of the charity, which are.. @Generating funds (Ihose activilies iiivolved with raising funds and funding applications} Charilable aclivilies {Ihose activities associated with the charity's objects} OGovernance costs (management and adminislralion of the charilyl Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. (Iv) Depre¢latlon Depreciation is calculated so as lo write off the cost of an asset, less its eslimaled residual value, over the useful economic life of that asset as follows.. Premises 5¥0 Straight line Office equipment- 200/0 Straight line (v) Debtors and credltors receivable/payable withln one year Debtors and creditors with no stated interest rale and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure (vi) Fund accounting Restricted Funds Incoming resour8 of the company which are provided for a specific purpose, together with the resources expended to which they relate, form part of the restricted funds of the charity. Unreslricled Funds Incoming resources which are generated by the charity's own efforts or provided with no specific preconditions, together with the resources expended to which they relate, are disclosed as part of Ihe unreslricled funds of the charity. (vll) Going concern The financial slalemenls have been prepared on a going concern basis as the trustees believe that no material uncertainties exi81. The trustees have considered the level of funds held and the expected level of income and expenditure lor 12 months from authorising these financial stalemenls. The budgeted income and expenditure is sufficienl with the level of reserves for the charity to be able to continue as a going concern.
Advice North West Notes to the Financial Statements for the year ended 31 March 2024 2 Net income for the year 2024 2023 Net incomin resources are staled after char Director's emoluments Depreciation of owned fixed assets Auditors, remuneration in 3,341 4,200 8,334 4,200 3 Income from donatlons and legacies Unre$trlctgd Funds Rgstricted Funds Total Funds 2024 Total Funds 2023 Partnership hosting Donations and sponsorship 6.641 4,664 6,641 4.664 11,233 2,405 4 Income from charltable activltles Unrestricted Funds Restrlct8d Funds Total Funds 2024 Totsl Funds 2023 Derry City & Strabane District Council S.T.E.P. Nl Immigration Project W.H.S.C.T. Advice Nl 658,129 658.129 694.919 17.460 67,227 74,383 106,925 83,306 106,925 83,306 848,360 848,360 853,989 S Expendlture on raislng funds Unrgstrlctad Funds Restricted Funds Totsl Funds 2024 Total Funds 2023 Wages and salaries 40,360 40,360 38,589 40,360 40,360 38,569 12
Advice North West Notes to the Financial Statements for the year ended 31 March 2024 6 Expenditure on charitable activltles Unrestricted Funds Restrlcted Funds Total Funds 2024 Total Funds 2023 Wages and salaries Staff training Pengions costs Rent Water rates Heat, light and power Insurance Computer and IT support Repairs and maintenance Telephone and internet Postage and slalionery Subscriptions and membership fees Travel expenses General expenses Case management system Advertising, branding and webslte Accounlancy lees Auditor's remuneration Bank charges Depreciation charge 649,424 2,186 10,865 52,465 344 13,656 2,666 4.291 454 15,952 603 649.424 2,186 10,865 52,465 344 13,656 2,666 4,291 454 15,952 5,181 3,513 2,004 2,786 6,231 4.740 1,371 4,200 442 3.341 633,315 140 9,917 48,811 214 12,524 2,040 3,549 852 16,628 3.040 3,276 887 1,991 6.438 4,578 3,513 2,004 2,786 6,231 4,740 1,371 4,200 442 2,384 4,200 418 8,334 3,341 23,634 762,478 786.112 758,958 7 Expendlture on other costs Unrestri¢tèd Funds R&stricted Funds Total Funds 2024 Totsl Funds 2023 Wages and salaries Legal and professional fees 45,522 45,522 1,168 46,690 43.536 4,159 47.695 1,168 1,168 45,522 13
Advice North West Notes to the Financial Statements for the year ended 31 March 2024 8 Auditor's remuneration The atjditor's remuneration amounts lo an audit fee of £4,200 12023 - £4,200). There were no accounlan¢y or other non-audil serwces provided by the auditor to the charity. 9 Trustees and key management remuneration and expgnses The Iruslees neither received nor waived any remuneration during the year, nor did the trustees have any expenses reimbursed during the year. 10 Staff costs and employee benefits The average monthly number of employees during the year was as follows.. 2024 No. 2023 No. Raising funds and governance Charitable activities 24 25 26 27 The total staff costs and employee benefits were as follows: 2024 2023 Wages and salarie5 Social security Pension contribution costs 678,398 56,908 10,865 746,171 665,311 50,109 9,917 725.337 No employees received total employee benefits (excluding pension costs) of more than £60,000. 11 Tangible flxed assets Premlse8 Equipment Total Cost At 1 April 2023 Additions 14,100 118,957 5,043 124,000 133,057 5,043 138.100 Al 31 March 2024 14.100 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 9,870 705 111,954 2,837 114.591 121,824 3,342 125,166 10,575 Net book value Al 31 March 2024 3,525 9,409 12,934 At 31 March 2023 4,230 7,003 11,233 14
Advice North West Notes to the Financial Statements for the year ended 31 March 2024 12 Debtors 2024 2023 Funding debtors Prepayments and accrued income 85,312 15.832 101,144 49,627 19,350 68.977 13 Creditors: amounts falling due within one year 2024 2023 Pension contributions payable Trade creditors and accruals 2.351 21,758 24,109 20,090 20,090 14 Related party transactions There were no transactions with related parties during the year which require disclosure under SORP 2015 {FRS 102} 16 Tax status The company is a registered charity for lax purposes (reference number XN 884081 and is exempt from corporation tax on any income or capital gains arising. 15
Advice North West Notes to the Finan¢ial Statements for the year ended 31 March 2024 16 Company Ilmited by guarantee The company is limited by guarantee and, therefore, there is no issued share capital. Every member of the company undertakes lo Contribute lo the asset5 of the company in the event of il being wound up during a period in which they are still a member ol the company, including a period of one year from the date that they ceased lo be a member, providing the debts were incurred during their period as a member of the company or the debt relates lo costs and expenses of a winding up. The liability of each member in such circumstances is limited lo £1. 17 Funds Unro$trlctèd Funds Restricted Funds Total Funds 2024 Total Funds 2023 Funds brought forward 139,245 144,712 283,957 259,536 Nel income I (expenditure) for the year { 7,4361 17,4361 24,421 Transfers between funds Funds carried forward 131,809 144.712 276,521 283,957 Fund transfers represent the amount required in order to properly attribute the split of the charity's funds and reserves at the year-end dale to reflect accurately the nel assets of the charity al that date. 18 Net asset8 Unrestricted Funds Rèstricted Funds Totsl Funds Fixed assets Current assets Current liabililies 12,934 141,272 {9,494} 12,934 283,677 (20,0901 142,405 110,5961 Total 131,809 144,712 276 521 16