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2025-03-31-accounts

14 November 2025

ADVI001/SJK/SK/003

PRIVATE AND CONFIDENTIAL

The Board of Directors Advice North West 5[th] Floor, Embassy Building 3 Strand Road Derry BT48 7BH

Dear Sirs

Communication of relevant matters arising from our audit year ended 31 March 2025

We are pleased to advise that we have completed our audit and we bring to your attention our observations on the Charity’s accounts and operations which we believe can assist you in improving your accounting systems.

The matters being dealt with are under the following headings

Expected Modifications to the Audit Report

As discussed with you during the course of the audit, there are no modifications to our unqualified audit report.

Material Weaknesses in the Accounting and Internal Control Systems

During the course of the audit we found areas in which there were material weaknesses in the accounting or internal control system.

We include a memorandum noting this weakness together with any recommendations we have for possible improvements which could be made. Our tests may not necessarily disclose all errors or irregularities and should not be relied upon to do so. However, if any irregularity did come to our attention during our audit tests, we would, of course, inform you immediately.

This letter has been prepared for the sole use of the board of directors/ management committee of Advice North West and must not be shown to third parties without our prior consent. No responsibilities are accepted by SJK Chartered Accountants towards any party acting or refraining from action as a result of this report.

Finally, we would like to express our thanks to all staff who assisted us in carrying out our work.

Registered Office 8 Bridge Road, Moira, SJK is the trading name of BT67 0PF SJK CA Ltd. T 077 1556 9717 Director: Stephen Kennedy E info@sjkaccountants.com Company No. NI682291 W www.sjkaccountants.com Member No: 60856

Yours faithfully

…………………………….. Stephen Kennedy ACA, CTA Director SJK Chartered Accountants

14 November 2025

PRIVATE AND CONFIDENTIAL

SJK Chartered Accountants & Registered Auditors 8 Bridge Road Moira BT67 0PF

Dear Sirs,

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your audit of the charity’s financial statements for the year ended 31 March 2025.

These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.

General

  1. We have fulfilled our responsibilities as directors / trustees as set out in the terms of your engagement letter dated 14 November 2025, under the Companies Act 2006 and Charities Act (Northern Ireland) 2008 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.

  2. All the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records.

  3. All the accounting records have been made available to you for the purpose of your audit. We have provided you with unrestricted access to all appropriate persons within the charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission for Northern Ireland.

  4. The financial statements are free of material misstatements, including omissions.

  5. The effects of uncorrected misstatements are immaterial both individually and in total.

Internal control and fraud

  1. We acknowledge our responsibility for the design, implementation and maintenance of internal control to prevent and detect fraud and error, and we believe that we have appropriately fulfilled these responsibilities. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud.

  2. We have disclosed to you all instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in internal control or others where fraud could have a material effect on the financial statements.

  3. We have also disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysts, regulators or others.

Assets and liabilities

  1. The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements.

  2. All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.

  3. We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements.

Accounting estimates

  1. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.

Loans and arrangements

  1. The charity has not granted any advances or credits to, or made guarantees on behalf of, directors.

Legal claims

  1. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements.

Laws and regulations

  1. We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.

  2. There are no claims in connection with litigation that have been, or are expected to be, received which require provision for or disclosure within the financial statements.

Related parties

  1. Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.

  2. We are not aware of any transactions with related parties requiring disclosure in the financial statements in order to comply with the requirements of the Companies Act 2006.

Subsequent events

  1. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.

Going concern

  1. We believe that the charitable company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity's needs. We also confirm our plans for future action(s) required to enable the charity to continue as a going concern are feasible. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity's ability to continue as a going concern need to be made in the financial statements.

Grants and donations

  1. All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.

Incoming resources

  1. The analysis of incoming resources in the financial statements for the year accurately reflects the nature of those funds between those that are restricted for specific use by the charity and those that

are unrestricted which may be used as the charity so wishes in order to advance the objectives of the organisation.

Resources expended

  1. The analysis of payroll costs in the financial statements for the year accurately reflects the allocation of such costs on the basis of time spent on each of the main activities of the charity (i.e. costs of generating funds, charitable activities and governance costs).

Fund accounting

  1. The analysis of restricted and unrestricted funds as set out in the financial statements is a true and fair reflection of the nature of the company’s incoming resources and resources expended during the year.

Other

  1. We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that so far as we are aware, there is no relevant audit information needed by you in connection with preparing your audit report of which you are unaware.

  2. Each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that you are aware of that information.

Yours faithfully

B Heery Director

J Harte Director

Signed on behalf of the board of Advice North West

14 November 2025

Registered number NI056135

Advice North West

Report and Accounts

Year Ended

31 March 2025

SJK

Chartered Accountants & Registered Auditors

8 Bridge Road, Moira, Craigavon, BT67 0PF

Advice North West Report and accounts Contents

Page
Charity reference and administrative details 1
Trustees annual report (including directors' & strategic report) 2 to 4
Independent auditor's report to the members 5 to 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 to 16

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 R French

Members of the management committee

Mr E Doherty Alderman N McMorris Cllr R Farrell Mr G Deeney Mrs C Deeney Mr R Barr (Left 9 June 2025)

Mrs J Gallagher (Left 30 April 2025) Alderman J Montgomery (Left 9 June 2025) Cllr G Donnelly (Started 9 June 2025) Cllr M Reilly (Started 9 June 2025)

Registered office

5th Floor, Embassy Building 3 Strand Road Derry BT48 7BH

Auditors

SJK Chartered Accountants 8 Bridge Road Moira Craigavon BT67 0PF

Accountants

Satori Accounting 11 Orchard Business Park Pennyburn Industrial Estate Derry BT48 0LU

Bankers First Trust Bank Meadowbank Branch Strand Road Derry

Solicitors

Hasson & Company Solicitors 39-41 Clarendon Street Derry BT48 7ER

1

Advice North West Registered number:

NI056135

Trustees Annual Report (including Directors' & Strategic Report)

The trustees have pleasure in presenting their report and the financial statements of the company for the year ended 31 March 2025.

Objectives and activities

Advice North West serves people living in the Derry City & Strabane District Council area. Our service is independent and provides free, confidential, impartial and high-quality advice to everybody regardless of ability, age, gender, gender identity, race, religion, political opinion, sexual orientation and social or economic status. Advice North West staff teams live our guiding principle of A.C.H.I.E.V.E. underpinning all we do in pursuit of a better 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 staff and support their learning and development E - Empower citizens to increase their resourcefulness for living V - Value diversity E - Effect positive change by influencing/lobbying 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 at every point of client contact. With widening inequality in society and increasing levels of detriment and poverty, we expect more people will seek and/or need our help.

The charity is a charitable company limited by guarantee. It is governed by a memorandum and articles of association.

During the year, the charity carried out a number of activities and projects in the furtherance of its objectives:

  1. Provision of advice services across a range of issues such as social security benefits, money advice, employment legislation, consumer rights, housing rights etc in our four main office sites plus outreach advice provision in identified rural and urban areas of Derry and Strabane.

  2. Specific focus on new welfare reform regulations and advising claimants on the impact on their financial wellbeing of new Universal Credit Migration and Disability Benefits.

  3. Influencing Policy and legislative change via Commissioners Hearings.

  4. Operation of Money/Debt advice project to advise users on issues relating to personal debt and implementation of legal debt remedies to assist our clients.

Strategic Report

Achievements and performance (including principal risks and uncertainties, development and performance and key performance indicators)

The main achievements of the charity during the year were as follows:

The directors are satisfied that the performance of the company during the year, in terms of both financial and operational results, is in line with the charity’s constitution and key objectives.

2

Advice North West Registered number:

NI056135

Trustees Annual Report (including Directors' & Strategic Report)

Financial review (including reserves policy)

The net income for the year 2025 was £11,602 (31 Mar 2024 – net expenditure £7,436). The deficit for the year will be added to funds brought forward. Total funds and reserves at the end of the financial year were £288,123.

The charity aims to ensure that liquid funds held at any point in time are sufficient to cover expenditure equivalent to 3 months of all ongoing operating costs (excluding depreciation).

At the year-end date, the charity held cash at bank (on current or short term deposit accounts) of £251,265. Total expenditure for the year was £866,264 (excluding depreciation). The charity, therefore, held funds equivalent to 3.5 months of ongoing operating costs (excluding depreciation).

Plans for future periods

There are no significant changes planned for the forthcoming financial year. The directors will continue to govern the company in line with the constitution in order to achieve the objectives noted above.

Structure, governance and management

The charity is a charitable company limited by guarantee.

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 with details of the registered office and other professional advisors.

The company will be managed on a day-to-day basis by the newly appointed manager from the 01.12.25, who will oversee all operational and financial matters on behalf of the board and reports directly to the board on all such matters.

The board of directors carry out their governance role throughout the year by way of meetings on a monthly basis to review the performance of the company and to make decisions regarding the company’s financial and operational matters. The directors govern the activities of the company in line with the objectives set out in the governing documents of the charity, namely the Memorandum and Articles of Association and the charity’s constitution.

Directors

The directors (also the trustees) who served the company during the 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

3

Advice North West Registered number:

NI056135

Trustees Annual Report (including Directors' & Strategic Report)

Trustees' responsibilities

The trustees, who are also the directors of the company, are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to the auditors

We, the directors of the company who held office at the date of approval of these financial statements as set out above each confirm, so far as we are aware, that:

Auditor

SJK Chartered Accountants are deemed to be reappointed under section 487(2) of the Companies Act 2006.

Small company exemptions

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

In approving the Trustees’ Annual Report, we also approve the Strategic Report included therein, in our capacity as company directors.

By order of the Board

R French Company Secretary 14 November 2025

4

Advice North West

Independent Auditor's Report to the Members of Advice North West

Opinion

We have audited the financial statements of Advice North West (the ‘charitable company’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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 are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the 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 requirements. 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

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees' annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this 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:

5

Advice North West

Independent Auditor's Report to the Members of Advice North West

Matters on which we are required to report by exception

In the light of the 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 included within the trustees' 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:

Responsibilities of directors

As explained more fully in the trustees’ responsibilities statement set out on page 3, the trustees (who are also the directors of the charitable company for the purposes of company 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 trustees 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 trustees are responsible for assessing the charitable 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 trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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 detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the 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. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

6

Advice North West

Independent Auditor's Report to the Members of Advice North West

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company’s members, 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 members 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Stephen Kennedy for and on behalf of SJK Chartered Accountants Chartered Accountants & Registered Auditors

8 Bridge Road Craigavon Northern Ireland BT67 0PF

14 November 2025

7

Advice North West

Statement of Financial Activities for the year ended 31 March 2025

Notes
Income and endowments from:
Donations and legacies
3
Charitable activities
4
Investments
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Governance costs
7
Total expenditure
Net income / (expenditure)
Transfer between funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
£
23,070
1,800
6,374		 Restricted
£
-
850,918
-		 2025
£
23,070
852,718
6,374
882,162
41,681
781,720
47,159
870,560
11,602
-
276,521
288,123		 2024
£
11,305
848,360
6,061
31,244 850,918 865,726
-
22,148
169		 41,681
759,572
46,990		 40,360
786,112
46,690
22,317 848,243 873,162
8,927
-
131,809		 2,675
-
144,712		 (7,436)
-
283,957
140,736 147,387 276,521

All income and expenditure derive from continuing activities

The statement of financial activities includes all gains and losses recognised during the year

8

Advice North West Balance Sheet as at 31 March 2025

Notes 2025 2024
£ £
Fixed assets
Tangible assets 11 10,655 12,934
10,655 12,934
Current assets
Debtors 12 62,848 101,144
Cash at bank and in hand 251,265 182,533
314,113 283,677
Creditors: amounts falling due
within one year 13 (36,645) (20,090)
Net current assets 277,468 263,587
Total assets less current
liabilities 288,123 276,521
Total assets less current
liabilities 288,123 276,521
Charity funds 16
Unrestricted 17 140,736 131,809
Restricted 17 147,387 144,712
Total charity funds 288,123 276,521

These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006 and the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2015).

These financial statements were approved by the directors and authorised for issue on 14 November 2025 and are signed on their behalf by:

B Heery Director

J Harte Director

9

Advice North West Notes to the Financial Statements for the year ended 31 March 2025

1 Accounting policies

(i) General information and basis of preparation

Advice North West is a charitable company limited by guarantee registered in Northern Ireland.

In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are:

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2008, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in the UK and Republic Of Ireland (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic Of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted Practices as it applies from 1 January 2015.

The 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, modified 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 preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(ii) Income recognition

Incoming resources from generated funds consists of income from fees and services generated by the charity from its main charitable activities together with donations and fundraising. All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Incoming resources from charitable activities consists of grants received from various funding bodies to assist the charity in achieving its objectives. Grants of this nature are recognised in the Statement of Financial Activities when the charity is legally entitled to the income and all preconditions for receipt of the funds have been met.

10

Advice North West

Notes to the Financial Statements for the year ended 31 March 2025

(iii) Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to 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 time spent on each of the main activities of the charity, which are:

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

(iv) Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Premises - 5% straight line

Office equipment - 20% straight line

(v) Debtors and creditors receivable/ payable within one year

Debtors and creditors with no stated interest rate 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 resources 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.

Unrestricted 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 the unrestricted funds of the charity.

(vii) Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

11

Advice North West

Notes to the Financial Statements for the year ended 31 March 2025

2
3
4
5		 Net income for the year
Net incoming resources are stated after charging:		 Unrestricted
Funds
£
18,760
4,310
23,070
Unrestricted
Funds
£
-
-
-
1,800
1,800
Unrestricted
Funds
£
-
-		 Restricted
Funds
£
-
-
-
Restricted
Funds
£
663,024
101,688
86,206
-
850,918
Restricted
Funds
£
41,681
41,681		 2025
£
-
4,296
4,200
Total
Funds 2025
£
18,760
4,310
23,070
Total
Funds 2025
£
663,024
101,688
86,206
1,800
852,718
Total
Funds 2025
£
41,681
41,681		 2024
£
-
3,341
4,200

Director's emoluments
Depreciation of owned fixed assets
Auditors' remuneration
Income from donations and legacies
Partnership hosting
Donations and sponsorship
Income from charitable activities
Derry City & Strabane District Council
W.H.S.C.T.
Advice NI
Pensionwise
Expenditure on raising funds
Wages and salaries
Total
Funds 2024
£
6,641
4,664
11,305
Total
Funds 2024
£
658,129
106,925
83,306
-
848,360
Total
Funds 2024
£
40,360
40,360

12

Advice North West Notes to the Financial Statements

for the year ended 31 March 2025

6
Expenditure on charitable activities
Wages and salaries
Staff training
Pensions costs
Rent
Water rates
Heat, light and power
Insurance
Computer and IT support
Repairs and maintenance
Telephone and internet
Postage and stationery
Subscriptions and membership fees
Travel expenses
General expenses
Case management system
Advertising, branding and website
Accountancy fees
Auditor's remuneration
Bank charges
Depreciation charge
7
Expenditure on other costs
Wages and salaries
Legal and professional fees		 Unrestricted
Funds
£
296
28
-
247
185
-
623
-
135
-
1,587
2,203
1,066
2,891
6,438
-
1,551
1,785
435
2,678
22,148
Unrestricted
Funds
£
-
169
169		 Restricted
Funds
£
648,542
3,342
11,752
52,189
179
13,789
2,144
-
313
16,416
-
2,504
2,272
-
-
-
2,098
2,415
-
1,617
759,572
Restricted
Funds
£
46,990
-
46,990		 Total
Funds 2025
£
648,838
3,370
11,752
52,436
364
13,789
2,767
-
448
16,416
1,587
4,707
3,337
2,891
6,438
-
3,649
4,200
435
4,296
781,720
Total
Funds 2025
£
46,990
169
47,159		 Total
Funds 2024
£
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
786,112
Total
Funds 2024
£
45,522
1,168
46,690

13

Advice North West Notes to the Financial Statements for the year ended 31 March 2025

8 Auditor's remuneration

The auditor’s remuneration amounts to an audit fee of £4,200 (2024 - £4,200). There were no accountancy or other non-audit services provided by the auditor to the charity.

9 Trustees and key management remuneration and expenses

The trustees 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:

Raising funds and governance
Charitable activities
The total staff costs and employee benefits were as follows:
Wages and salaries
Social security
Pension contribution costs		 2025
No.
2
25
27
2025
£
678,946
58,563
11,752
749,261		 2024
No.
2
24
26
2024
£
678,398
56,908
10,865
746,171

No employees received total employee benefits (excluding pension costs) of more than £60,000.

11 Tangible fixed assets

Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Premises
14,100
-		 Equipment
£
124,000
2,017		 Total
£
138,100
2,017
14,100 126,017 140,117
10,575
705		 114,591
3,591		 125,166
4,296
11,280 118,182 129,462
2,820
3,525		 7,835
9,409		 10,655
12,934

14

Advice North West Notes to the Financial Statements for the year ended 31 March 2025

12 Debtors
Funding debtors
Prepayments and accrued income
13 Creditors: amounts falling due within one year
Taxes and social security
Pension contributions payable
Trade creditors and accruals		 2025
£
49,440
13,408
62,848
2025
£
17,396
3,971
15,278
36,645		 2024
£
85,312
15,832
101,144
2024
£
-
-
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).

15 Tax status

The company is a registered charity for tax purposes (reference number XN 88408) and is exempt from corporation tax on any income or capital gains arising.

15

Advice North West Notes to the Financial Statements for the year ended 31 March 2025

16 Company limited by guarantee

The company is limited by guarantee and, therefore, there is no issued share capital.

Every member of the company undertakes to contribute to the assets of the company in the event of it being wound up during a period in which they are still a member of the company, including a period of one year from the date that they ceased to be a member, providing the debts were incurred during their period as a member of the company or the debt relates to costs and expenses of a winding up.

The liability of each member in such circumstances is limited to £1.

17 Funds
Funds brought forward
Net income / (expenditure) for the year
Transfers between funds
Funds carried forward		 Unrestricted
Funds
£
131,809
8,927
-
140,736		 Restricted
Funds
£
144,712
2,675
-
147,387		 Total
Funds 2025
£
276,521
11,602
-
288,123		 Total
Funds 2024
£
283,957
(7,436)
-
276,521

Fund transfers represent the amount required in order to properly attribute the split of the charity’s funds and reserves at the year-end date to reflect accurately the net assets of the charity at that date.

18 Net assets
Fixed assets
Current assets
Current liabilities
Total		 Unrestricted
Funds
£
144,072
(3,336)
140,736		 Restricted
Funds
£
10,655
170,041
(33,309)
147,387		 Total
Funds
£
10,655
314,113
(36,645)
288,123

16