Company Number - N1611585 Charity Number - 105750 MIGRANT CENTRE NI LTD (a company Ilmited by guèrantee not havin9 a share capltal) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 •AEHTR2BS* 2011212025 COMPANIES HOUSE A14
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Company Number - N1611585 Charity Number - 105750 MIGRANT CENTRE NI LTD (a company limited by guarantee not havin9 a share capital) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
MIGRANT CENTRE NI L TD FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS Page Contents Officers Directors, Report Auditor's Report statement of Financlal Activltles Balance Sheet io Notes to the Financial Statements li
MIGRANT CENTRE NI L TD FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 OFFICERS DIRECTORS Chair Mr G Tubrltt Secretary Ms N Donnelly Treasurer Mr K Doherty Board members Dr T Oriola Ms T Olatunbosun (appointed l May 2023) (appointed 16 October 2024) COMPANY SECRETAR Y Ms J Flett (resigned 12 March 2020) AUDITOR Minshull & Co Chartered Accountants and Registered Auditor 19 Crescent Business Park LISBURN BT28 2GN BANKERS First Trust Bank 35 Universlty Road BELFAST BT7 IND HEAD OFFICE AND REGISTERED OFFICE Unit 3 Cido Business Complex Charles Street Lurgan Ci41GAVON 8T66 6HG COMPANY REGISTRA TION NUMBER - N1611585
MIGRAIVT CENTRE NI L TD FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 DIRECTORS, REPORT The directors, who also act as trustee5 for the charltable activltles of the company, present thelr annual report together with the financial statements for the year ended 31 March 2025. STATEMENT OF DIRECTORS, RESPONSIBILITIES Company law requires the directors to prepare financlal statements for each financlal period which give a true and fair view of the state of the affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements the directors are required to select suitable accounting policies and then apply them consistentlyi make Judgements and estlmates that are reasonable and prudent. prepare the financial statements on the going concern basis unless It is inappropriate to presume that the company will continue in business. The directors have elected to prepare the financial statements in accordance with UK GAAP and confirm that under company law they must not approve the financial statements unless they are satisfied that they give a true and falr view of the stale of the company's affalrs and of the surplus or deficit for that period. The reporting framework that has been applied is the Charitie5 SORP (20151 FRS 102 The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure the financial statements comply with the Companies Act 2006. They are also responslble for safeguarolng the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. OIRECTORS The company's Articles of Association reqLsire all the directors, that 15 the member5 of the board, to retire after two years in office, consequently the members require re-election this year. OBJECTIVE The company 15 established to protect the rlghts of mlgrant workers In Northern Ireland, to tackle racism and to eliminate barriers agalnst migrant workers and to advance educatlon and raise public awareness about their rights. The company has the power to do anything which is calculated to further Its objects, or is conducive or Incidental to doing so. In partlcular the company has the power to do the folloY4ing provided thal any campaigning or political activities are conducted only to the extent that the directors are satisfied that they are in the furtherance of the company's charitable objects and an effective use of its resources.. to encourage partlclpation via capacity building of migrant communitles and mlgrant community organisations to provide advocacy, advlce and support servlces to migrant workers to increase the employability and promote equal access to public services and facilities for migrant workers through education, training and referrals to educate and raise public awareness on the rights of migrant workers by tralnlng, publications. lectures. use of media, public advocacy and other means of communication to undertake and disseminate research and to produce pollcy and other relevant submisslons in support of the protection and promotion of the rights of migrant workers to accept gifts and to raise funds. In doin9 $0 the company must not undertake any substantial permanenttrading activity and must comply with any relevant statutory regulations RELATED PARTIES The Belfast office operated from the same premises as Ballynafelgh Community Oevelopment Associaiton. AUDXT INFORMATION So far as the company's directors are aware there is no relevant audlt Information of which the company's auditor5 are unaware, and each director has taken such Steps as he/she ought to have taken as a director to make him/herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.
MIGRANT CENTRE NI L TD FINANCIAL sfA TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 DIRECTORS, REPORT (continued) MEMBERSHIP The members of the company are the initial subscribers, Ms J Flett and Mr P Yu, and other nominees of the Northem Ireland Council for Ethnic Minorities. This is currently under review due to the status of Northern Ireland Council for Ethnic Minorities. (5) If the nomlnee Is an organlsation It should be non-statutOry• not for prollt, non-party political and support the objects of the company If the nominee is not an organisation he/she must have written consent from hislher organisatlon on the acceptance of the nominatlon from the Northern Ireland Council lor Ethnic Mlnorities ACTIVITIES During the year the migrant centre has provided advice and advocacy to ethnic minority individuals and organisations provided training and development for bi-lingual volunteers provided assistance with the Capacity Building Program for ellinlc minoritics provided antl-racism training and educalional programs delivered arts based good relations activities through the Belonging Project These activitie5 have formed part ol the grant projects run under the main funders this year includin9 Comlc Relief, Vlctim Support Nl (lead partner Hate Crime Advocacy Scheme funded by Doj), Advice Nl (lead partner in Home office funded EUSS support programme), The Rank Foundation, The National Lottery Community Fund, Justice Together Collaboration, The Alan & Babette Sainsbury Charitable Fund, PSNI and The Tudor Trust. Each project has at least one designated employee who manages that project and reports rnonthly to the directors. RESULTS The surplus for the year was £23,966 (2024: £ 34.888 ) FINANCIAL REVIEW & RESERVES POLXCY The siirplus at 31 March 2025 was £102,255 The directors have passed that the company should endeavour to achieve and maintain reserves coverlny liiiiited unfunded core activity and these reserves should be readily available. Overheads remain very low facilitating this without significnant reserves. The proflle of expenditure Is as agreed with the funders in order to achieve the stated objectives and the balance of sUPPQrt cost5 are covered by the additional funds received. The reserves Should increase. General funds are unrestricted funds which are available for use at the discretlon of the directors in furtherance of the general objectives of the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the directors for partlcular purposes. The aim and use of each designated fund Is set out In the notes to the financial statements if identified as such. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The cost of raising and administering such funds are charged against the specific fund. FUTURE PLANS The company has obtained funding for its activities in the medium term and while the activitles of the company are quite limited the directors are always looking at way5 that the objectives of the company can be furthered and researching potential funding sources for these.
MIGRANT CENTRE NI L TD FINANCIAL STA TEMENTS FOR THE YEAR EAIDED 31 MARCH 2025 DIRECTORS. REPORT (continued) IMPACT OF COVID-19 The impact of coranaviru5 restrictions meant that there was naturally more concentration on remote activities, which ran successfully for that period. The situation now resolved, there has been no real impact on the charity's sustainability due to the low overhead model and sufficient reserves. Most financial activity IS tied up in funded projects that were able to continue quite successfully despite being carried out remotely if necessary. Any thal would have involved gatherings, especially indoors, had ceased in lockdown but activity continues at present very much as normal. The directors are satisfied that they have made necessary adjustments to ensure that Migrant Centre NI Ltd will continue to achieve its objertives. GOING CONCERN The directors, having considered the charity's income streams, financial means and strategy for dealin9 with issues such as the impact of Covid- 19, over the next 12- 18 months, are satisified that Ihe going concern basis is approprSate. TAX STATUS The Inland Revenue accepted the charitable status of the company from 7 March 2012 and reglstered it as such under the reference XT38551. The company is re9iStered with the Charity Commission for Northem Ireland under number 105750. SMALL COMPANY RULES This report has been prepared in accordance with the special provi5ion5 of Part 15 of the Companie5 Act 2006 (c46} relating to small companies and in accordance with the Financlal Reportln9 Standard 102. AUDITOR The auditor, Donald R Minshull of Messr5 Mlnshull & Company, Chartered Accountants and Statutory Auditor, offers himself for re-appointment. Mr G Tubri Director BY ORDER OF THE BOARD Date 18 December 2025
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MIGRANT CENTRE NI LTD Opinlon We have au¢Jited the financial statements of Migrant Centre NI for the year ended 31 March 2025 which comprise the Statement of Financial Activity, ilalance Sheet and related notp.4 io the financial stat¢mertts. including significant accounting policies. The finan¢ial reportin9 framework that has been applied in their preparation is applicable law and United KingdoiTI Accountlng Siandarrts. including The Charltles SORP IFRS1021. In our opinion the financial statements: give a true and falr vlew of the state of the company's affairs as at 31 March 2025. •nd of its surplus for the year then ended; hove been propedy prepared In aecurdanee with Unlted Klngdorn Generally Actepted Accounting Prath¢e.' and have been prepare¢J in accordance with Ihe re0v1MentS of the Companies Act 2006. 8asls for oplnlon We conducted our audlt ith 4¢¢grdan¢e with International Standards on Audibn9 Ivkl {ISAs IVK}l and applicable law. Our responsibilities under those standar(Js are further described In the Auditor's responslbilities for the èudit of the finantlal staternertts sectlon of our report. We are Int1ependent ol the company In Jccordance wllh the ethi¢41 reouirement5 that are relevant ro our audir of the Ilnanclal statements In the UK. Including the FRC'5 Ethlcèl Stondard. and we have fulfllled our other ethlcal responslbllities In accordance with these requiremertts. we believe that the audit t¥ence we have obtained Is sufficient and appropriJte to pro¥e a basis lor our opinion. Concluslons relatlng to golng concern In auéitin9 the financlal statements, we have concluded that the dlrector's use of the going concern ba5 of accountlng In the preparotion of the 11rt8ncial statements is approprlate. Our evaluatlon of the directors, assessment of the entSty's ablllty 10 continue to adopt the going concern bJs15 of accountino Incly¢Jed On ex4mlnation ol rhe cash Inflows and outllows prolecred over the nexr 12 months runnlng all the current projects. These prolects all provide sufflclenl fundlng to cover overheads and 5UPPOrt - backed up by budgets ltsr the future and hlstoric ability to cover these c05t5. Based on the work we have performed, we have not Identlfled any materlal uncertjlntles relatlng to events or condltlons that, Individually or collectively, may cast slgniflcant doubt on the company's abllity to ¢ontlnuè as i goln9 c¢)n¢ern lor a perlod ol at least 12 months from when the financial statements are authorised for Issue. Our responslbillties and the responslbllltles of the dlrectors wlth respec¢ to golng concern are destrlbed In the relevant sertlons of thls port. Other Informotlon The other In¢omiatlon ¢omprises the information included In the annual report, other than the flnancial statements and our audltorfs report thereort. The dlrectors are responsible for the other Infom)ation contained wlthln thè ènnuèl report. Our opini¢*n on the finan¢lal staternents does not cover the other Inform•tloTh and. except to tht extent tstherwise explieitly stated in our report, we do not expres5 any form ol assurance conclusion thereon. Our responslblllty is to read the other Informatlon and, in doino so. conYder whether the gther ¢nformation is materially inconsistent with the financial statements or our knowledge obtalned in the course of the audit, or otherwise appears its be materially misstatef1. If we i(Jentify such rnatenal Inconsistencies or apparent material mls5tatements we are requlred io determine whether this 9ives rise to a mater+Jl mlsstaternent In the linantlal statements them5elve5. If, based on the work we have perfomied. we conclijde that there Is a maierlèl rnlsstètement ol thls orher Inlormatlon, we are requlred to report that lact. We have nothin9 to report in this regard.
INDEPENDENT AuDOR's REPORT TO THE MEMBERS OF MIGRANT CENTRE NI LTD (continued) Oplnions on other matter5 prescribed by the Companie5 Act 2006 In our opinion, based on the work undertaken in the course of the audit= the Information given sn the dirertors. report for the fihant¢al year for which the financial statements are ppared Is consistent with the nnanclal statements.. and Ihe dlrectors, report ha5 been prepared in accordance with applicjble legal requirements. Matters on which we are required to report by exception In the light of the knov41edge and understandlng of the company and its environrnent obtained the course of the audlt, we have nor Identified materiol missratements In the dlre¢(ors' report. We havè nothing to report in respect ol the followlng matters tn relation to which the Companie5 Act 2006 requires us to report to you il, in our opinion.. deoua¢e accountlng records have not been kept, or retums Jdeqyate lor our audit h41ve not been re¢elved Irom branches not vlsited by us; or Ihe financial statements are not In aoreement wlth the accountln9 records and returns,. or ¢ertain disclosures ol dire£iors' remuneration speclfled by law are not made; or we have not received all the infomiarion Jnd explanatlons we requlre for our audit,. or the tjlrectors were not entitled to prepare the iinart¢i•l statements In )¢cordanct with the smbll companSes re9lme take advantage of the small companle5' exemptions in preparlng the directors, report and from the reoulrement to prepare a strateglc report. Responslbllltle5 01 dlrector5 A5 exploin¥d more fully In the directors, responslbllitles sratement, the directors are responslble for the preparètion of the financlal 5tat¢ments and for being satisfied that they give a true and fair view, and for such Internjl control as the directors determlne Is necessary ro enable the preparatlon of flnancl4l 5tJtements thbt Jre free from material mlsstatement. whether due to fraud or eri'or. In pparirn9 the financlal statements, the d1CtorS are responslble for J55e5sing the company's 41billty to contlnut as a going concern, discloslng. as appllc)ble, matters related to going Concern and using the going toncem bbsis ol accountlng unless the dlrectors elther Intend to Ilould)te the Company or to Cease operatlons. or have no reollstlc alrernatlve but to do so. Auditor's responsibilities for the audlt of the flnanclal statements Our oblectives a io obtain aSonable assurance about whether the nnanclal statements as o whole are free from mate&1 mlsstorement. whether due to Ifaud or error. and to Issue an audltar's report that Intludes our opinlon. Reasonablè assurarKe Is • hlgh level of J5sur•nce. but is not a guaroniee thot an audit conducted In accordance with ISAS IUKI wlll always detect a materlal misstètement when it exists. Misstatements can arlse from fraud or error and are considered materlol If, Individually or in the aggregate. they coul¢J reasonably be expecte¢Y to influence the econgmic decisions of users taken on the basis Qr these financial statements. Irregul•rltles, including Iraud, are instan¢es of non-compllance wlth laws and regulations. We desi9n procedures in Ilne wlth our responsibilities. outlined above, to detect material mlsstatements In respect of irregulanties, Including fraud. The specifi proce¢Jures for this engagement and the extent to whlch these a capable of detecting Irregularities, Includlng fraud 15 detailed below.. we performed analytlc41 procedures. and reviews, to identify large, recurrlng of unusual Items and fully examined and verlfled each- we examined •ll tronsacllons ol th¢ tompany to ensure all items are properly recorded and properly approved by management.. we examlned the operatlon of funded O¢iivities ta ensure ill manles are prapedy claimed and spent and that no expense is duplicated In grant clalms., we ensured there were no expen5e5 included, or income excluded, that we found evi*Jence of antj that was not accounted for appropdately.
INDEPENDENT AuorroR'S REPORT TO THE MEMBERS OF MIGRANT CENTRE NI LTD (continued) Because of the inherent limltations of an 3UL1it, there is a risk that we wlll not 4Yetect all irregularities, includino those leadin9 to a material misstatemenr in the flnanclal statements or non.compliance with re9ulation. Thls rtsk increases the mgre thar cornpliance with a law or regulation Is removed Irtsm the events and transactions reflected in the fin4ncl•l statements. as we will be less 1Skely to become aware of instances of IlOi)"compliance. The risk Is also areatef re9arding Irr¢gularities occumno due to fraud rather than error. as fraud involves intentional toncealmenr, forgery collusion, omission or misrepresentation. As port ol an audit in •¢cordance wilh ISAS (UKI, we exerclse prolesslonal Ivd9ment and m•intaln prolessional scep¢Sci5m throu9hout the audit. We also.. ldents.fy and asses5 the risks of rnaterial misstatement of the financial statements, whether due to fraud or error, desl9n and perform aLtdit procedures responsive to those risks, Jnd obtain audit evidence that is sufficient and appropilate to provlde a basls for our opinion. The risk of not detIng a material misstarement resulting from mlsrepresentatlons. or the override ¢1 In¢ern)l ¢ontrol. Obtain an unt1erstandin9 of Internal control relevant to the audii In order to design audit procedures that are pprtspriate in the orcumstances, but not for the purpose of expressln9 an opinion on the eftectiveness of the company's intemal control. Evaluate the approprlaleness of occountlng polkles used and the reasonableness ol accountyng estlmates and related dlsclosures made by the dlrectors. Conclude on the approprlateness of the d1ctorS. use ol the going concern basis of accountlnq and. based on the ydit evidence obtained, whether a material uncertalnty exists related to events or conditions that may cast $1gnificant doubt On ihe company's abllity ro CC+niinue as a ooing concern. Jf we conclude that a moteilal uncertainty e%lsrs, we are required to draw attenison In our Judltor's report to the related dlsclos¢Jres In the Ilnanclal statements or. if such disclosurès are in4sJequatÈ, to modily our opirtion. Our concluslons are based on the audit evidence obtained up to the date of our auditor's report. However, futu events or condltlons may cause the company to ceèse to continue as a 90in9 concern. Evaluate the overall presentatSon. structure and contènt of the fln•n¢l•l s¢)iements. Including the dIsclosu$. •Ad whethei the Ilnjncial statement5 represent the underlylng trjnsjrtlons •nd events In b rnann¢r thot •chleves lrylr presentatlon {le. gives a true and lasr view). We communlcate wlth those charyed wlth governance regarding. among other rnatters, the planned scope and tlmlng of the audit and 5ignin¢ant 4udit firtdinos, In¢ludino any si9n4ficant delicleneies In Iniemal control that we identlly dLtrln9 our audlt. Use of our report This report is made solely to the company's members, as a body. In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been vndertal(en $0 that wè mlght state to thè company's members thos• matters wè art reouired to state to them in an oudltorfs report ond for no other purpose. To the Ivllest extent pem)ltted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audlt work. for thls'report. or for the opinlons we have formeo. On behalf of DONALD MTNSHULL FCA - Senior Statutory Audltor Statutory Auditor Minshull & Co Statutory Auditor 19 Crescent Business Park Li5burn B T28 2GN Date 18 December 2025
MIGRANT CENTRE NI L TD FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 IIVCOMING RESOURCES Note restricted unrestricted total total Incoming resources from charitable actlvltles Activities for generating funds Donations and Unrestricted Grants Other income Incomlng resources from charitable activltles Revenue grants and conlracts credited 24,015 24,015 37,000 loo 503,8S9 503,859 308,452 503,859 24,015 527,874 345,552 EXPENDITURE ON CMARITABLE ACTIVITIES Charltable actlvltles - dlrect costs Programme expenses Grants and awards made Venue and accommodation hire 36,659 119,987 2,949 36,659 119,987 2,949 41,397 Total (159,595) (O) {159,59S) (41,397) Income less charitable actlvitles dlrect costs 344,264 24,015 368,279 304, 155 Charitable activities support costs Rent and service charge Rates Insurance Heat and Ilghl Building maintenance Equipment repairs and leasing Telephone Postage, stationery and office supplies Advertlslng and publiiity Wages and salaries Staff pension scheme Training & conferences . employees and member groups Bank Interest and charges Depreciation Sundry expenses 21,933 21,933 21,137 (799) 1,252 843 1,337 707 1,337 707 3,874 4,127 2,765 1,923 255,655 7,949 325 485 3,874 4,127 2,765 1,923 255,655 7,949 325 48S 49 1,707 4,074 2,374 189 190,2S7 5,527 2,148 509 47 49 Governance costs Accountancy & Audit Fees Legal and professional fees 6,299 36,885 6.299 36,886 4,567 35,435 Total (344,264) {49) {344,313) (269,267) Net income{expenditure) for the period 23,966 23,966 34,888 Total funds brought forward at l April 2024 78.289 78,289 43, 401 Total funds carrled forward at 31 March 2025 102,255 102,255 78,289 The company made no other gains or losses during the year other than those stated above The notes on pages 11 to 14 form part of these accounts
MIGRANT CENTRE NI L TD FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Tangible Fixed Assets 48 Current Assets Debtors Prepaid expenses Grants receivable Cash at bank and on hand 1,264 33,287 514,507 1,085 18,302 301,326 549,OS8 320, 713 Llabllltles (amount5 falling due within one year) Revenue grant5 deferred Accruals 424.009 22.794 228,497 13,975 446,803 242,472 Net Current Assets 102.255 78,241 N•t Assets 102,255 78,289 FUNDS General reserve - Unrestricted Funds 102,255 78,289 Restricted Funds Balance at 31 March 2025 102.255 78,289 The directors have acknowledged thelr responsibllitles for ensurlng that the company keeps accountlng records which comply with Section 386 and prepares accounts In accordance with the requirements of Section 393 of the Companies Act 2006, so far as applicable to this company .These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companles regime and in accordance with the Charities SORP (FRS 102). Approved, and authorlsed to be Issued. by the Board of Oirectors on the date below and signed on its behalf by Mr G Tubritt Director Date 18 December 2025 The note5 on pages 11 to 14 form part of these accounts 10-
MIGRANT CENTRE NI LTD FIIVANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS I. ACCOUNTING POLICIES The followin9 accounting policies have been used consistently in dealing with items which are considered material In relation to the charity's financial statements. (a) Basis of Preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charitie5.' Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland ( FRS 102){effective l January 20 151 (Charities SORP IFRS 102)), the Financial Reporting Standard appllcable In the UK and Republic of ireland and the Companies Act 2006. The company meets the definltion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transacton value unless otherwise stèted in the relevant accounting policy note. (b) Reconciliation With Previous Generally Accepted Accounting Prartice In prepar4n9 the accounts. the directors have decided that in applyin9 the accounting policies requlred by FRS 102 and the Charltles SORP FRS 102 no restatement of comparative items was requlreo. (c) Preparatlon ol the A¢counts on a Golng Concern 8asls The company reportee £23,966 cash Inflow for the year and the directors have formulated a strategy that will secure the immediate future of the company for the next L2 to 18 months and on that basis the charity is going concern. (d) Income Income is recognised when the company has entitlement to the funds, any performance conditions have been met, it Is probable that the income will be received and the amount can be measured reliably. Inctsme from government and other grants, of a revenue nature. Is recognised when the company has entitlement to the funds, any performance conditions attached to the grants have been met, It is probable that the income will be received and the amount can be measured reliably and is not repayable to the funder. Capital grants are amortised in Ilne with the depreciatlon of the associated assets, the purchase of which has been, funded by Said grants. (e) Donated Servlces and Facilitles Donated professional services and donated facilities are recognised as income when the company has control over the item, any condltlons associated with the donated item have been met. the reteipt of economic benefit from the use of the Item by the charity is probable and the economic benefit can be measured rellably. In accordance with the Charities SORP {FRS 102) general volunteer time is not recognised. On recelpt, donated professional services and donated facllities are recognlsed on the basis of the value of the glft to the charlty which is the amount the charity would have been wllling to pay to obtain services or facilities of equivalent economic benefit on the open market. a corresponding amount is then recognised In expenditure in the period of receipt. (i) Interest Recelvable Interest on funds held on deposit is included when receivable and the amount can bemeasured reliably by the companyi normally upon notification of the Interest paid or payable by the financial institution. 11
. MIGRANT CENTRE NI L TD FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE FINANCIAL STA TEMEAITS (contd) (g) Fund Accounting Unrestritted funds are available to spend on activities that further any of the purposes of the company. Designated funds are unrestricted funds of the charity that the directors have decided at their discretion to set aside to use for a speciflc purpose. Restritted funds are donations %yhlch the donor has specified are to be solely used for particular areas of the company's work. (h) Expenditure and Irrecoverable Value Added Tax Expenditure is recognised once there Is a legal or constructlve obligatlon to make a payment to a third party, It is probable that settlement will be requireo and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. costs of ralslng funds comprise the costs of commercial trading expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the company governance and support costs include all other costs Irrecoverable Value Added Tax is charged as a cost against the activity for which the expenditure was incurred. Support Costs Support costs are dlsc105ed separately In the Statement of Flnanclal Actlvltles. (i) Tangible Fixed Assets and depreciation Tan9ible fixed assets costin9 £200 or more are stated in the accounts at orlginal cost less depreclatlon in order to write off the cost of flxed assets, over thelr estlmated useful live5, using the following annual rate Fixtures, fitting5 and equipment 25¥0 Straight line (k) Debtors Debtors and accrued Income are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid. Cash at Bank and In Hand Cash at bank and cash in hand includes cash and short term highly liquid investments. with a short maturity of three months or less from the date of acquisition or opening of the deposit or simialr account. (m) Creditors and Provlslons Creditors and provisions are recognised where the company has a present obligation resulting from a pas¢ event that will probably result In the transfer of funds to a third party and the amount due to settle the obligation can be rneasured or estimated reliably. Creditors and provisions are normally reco9nised at their settlement amount after any dlscounts. (n) Financial Instruments The company only has financial assets and financlal liabilities of a kind that Qualify as basic financlal Instruments. Basic financlèl instrument5 are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loan5 which are subsequently measured at amort15ed c05t using the effective interest method. 12-
MIGRANT CENTRE NI L TD FINANCIAL STA TEMEAITS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE FINANCIAL sfAfEMENrs (contd) (o) Exemption from preparing a cashflow statement Exemption has been taken from preparing a cashflow statement on the grounds that the company qualiffies as a small company. (p) Company status and members liability The company is limited by guarantee. The members are tlie trustees, that is thg committee as listed on page 2. The liabllity in respect of the guarantee is £1 per member of the charlty. 2. DEFICIT/SURPLUS FOR THE YEAR IS STATEO AFTER CHARGING: Accountancy Fees Audit Fees 3. TANGIBLE FIXED ASSETS 3,150 3,150 TOTAL Fixtures & Eouipment COST at l Aprll 2024 Additions 2,077 2,077 at 31 March 2025 2,077 2,077 DEPRECIATION at l April 2024 Charge for the Period 2,028 49 2,028 49 at 31 March 2025 2,077 2,077 NET BOOK VALUE at 31 March 2025 4. REVENUE GRANTS 2025 2024 Grants received Department of Foreign Affalrs and Trade.. Reconcillatlon Fund Comic Relief Alan & Babette Sainsbury Charitable Fund Victim Support Nl The Rank Foundation Joseph Rowntree Charltable Trust Armagh, Banbridge and Craigavon 8orouyli Council Community Foundation Northern Ireland Advice Nl The National Lottery Community Fund Community Pharmacy Tudor Trust Justice Together Collaboratlon A B Charitable Trust Other Grants 320.000 10,000 51.907 16,223 55,000 3.783 119.648 21,224 17,302 2,000 10,000 SO, 73S 29,615 2,568 49,810 51, 900 2,400 73, 500 26,237 64,301 4,000 1,000 1,801 684,386 228,497 (18.302) 300,566 Amounts deferred at 31 March 2024 Amounts accrued at 31 March 2024 238, 977 (20,896) 894,581 (424.009) 33.287 518,647 (228,497) 18,302 Amount5 deferred at 31 March 2025 Amounts accrued at 31 March 2025 503,859 308,452 13
MIGRANT CENTRE NI L TD FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE FINANCIAL STA TEMENTS (contd) 5. DIRECTORS The directors received no emoluments nor expenses during the period. 6. EMPLOYEES Number of employees The average monthy number of persons employed by the company, excluding directors, during the year was: 202S 2024 number number 12. io Development Officers 12 io The remuneration paid to the employees was Wages and salaries 255,655 190.257 Pension Contributrions (money purchase scheme) 7,949 5,527 7. RESTRICTED FUNDS SUMMARY Opening Balance Income/ Expendlturel Credits Transfers Closing Balance Comic Relief Alan & Babette Sainsbury Charitable Fund Victim Support Nl The Rank Foundation Joseph Rowntree Charitable Trust Armagh, 8anbridge and Craigavon Borough Councll Community Foundation Northern Ireland Advice Nl The National Lottery Community Fund Tudor Trust Justice Together Collaboration A B Charitable Trust Other Grants 164,259 9.589 51,855 24,772 46,510 4,855 99,511 35,000 16.498 11,635 35,025 4,000 350 [164,259) (9,589) (51,855) (24,772> {46,510) (4,855) (99,511) {35,000) (16.498) (11,635) (35,02S) (4,000) {350) 503,859 (503,859) 8. RELATED PARTY There were no related party transaction5 to note. 9. CORPORATION TAX The company is exempt from tax on Income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxatlon of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 10. GENERAL INFORMATION Migrant Centre Nl Limited is a private company, limited by guarantee, registered in Northern Ireland. The company's registered number and registered office address can be found on the officers page, page 2. 11. PENSION COSTS AND OTHER POST-RETIREMENTS BENEFITS The company operates a defined contribution pension scheme - contrlbutions are charged to profit or loss in the period to which they relate. 12. PRESENTATION CURRENCY The presentation currency of these flnancial statements Is pounds sterling (£GBP). 14-