CUAN MHUIRE (NI) LIMITED (REGISTERED NUMBER: N1034969) Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The charity's mission statement is as follows: ' Cuan Mhuire is a way of life. It is focused on serving Christ in the person suffering from addiction and its effects. We are wholly inclusive and embrace those who feel marginalised and unloved. The Cuan Mhuire Community seeks to help all to discover their giftedness and their infmite value. Cuan Mhuire provides a lived experience of home, family, and belonging. We are always attentive to providing the highest standards of excellence for those for whom we provide care and support." The company's objects are to promote the relief of sickness and in particular to relieve person5 Wlthout regard to age, sex, race, religion or cr¢ed who are suffering from dependence on alcohol or any other drug or from any illThess, infmity, disability or disease attribulable to resulting from or in any way connected with such dependence. The strategies employed to assist the charity to meet these objectives included the following.. Providing support and residential programmes related to the problems of dependence. Providing aftercare for ex residents. - An outreach prograinme is provided to schools and colleges and other interested and concerned parties. - Focusing upon limiting the hami which comes with dependence. Working towards applying national standards to service and the implementation of the national occupational standards. Working in partnership with other agencies to secure the widest rdnge of services is available that best matches the needs of its client's population. STRATEGIC REPORT Prineipal funding sources The principal funding sources for the Charity are Health & Social Care Board (HSCB)" and "Supporting People Included within incoming resources is a total of £165,000 received from the Health & Social Care Board with £401,715 from Supporting People. Other ndIng comes from the Northern Ireland Housing Executive and through voluntary ontributions from residents. Support llding was received from Health & Social Care Board (Strategic Planning and Perforniance Group) of £33.000 together with £118,841 from the Greystone Trust to aid in the eventual fitting out of the residential units under construction. Cuan Mhuire also relied upon ndIng received throughout the fmancial year from donations and fund raising activities. Investment policy and objectives Aside from retaining a prudent amount in reserves ea¢h year most of the charitys funds are to be spent in the short terni so there are few funds for long terni investment.
CUAN MHUIRE (NI) LIMITED (REGISTERED NUMBER: N1034969) Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023 STRATEGIC REPORT Financial review Reserves policy The DirectOTS and the Local Leadership Group has examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted thnds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months expenditure. Budgeted expenditure for 2022123 is approximately £1,100,000 and therefore the target is between £275,000 and £550,000 of general unrestricted fund5. The reserves are required to meet not only the working capital requirements of the charity but also in conjvnclion with the development project as described in the below paragraph. The actual reserves at 31 March 2023 amount to £1,778,384 which exceeds the average target figure of £412,500 for unrestricted nds. In calculating reserves the net book value of fixed assets held (£6,600,898) have been excluded. This surpassed the policy target of 3 to 6 monihs. The Directors are aware of the events occurring within the fmancial year and will continue to keep under constant review. It remains the strategy of the charity to continue to build reserves and apply resources to the charity's objective5 and mission. DEVELOPMENT The construction of additional long terni residential accommodation commenced at their Newry location on the Dublin Road during the year ended 31 March 2023. It is anticipated that these accommodation units will be completed by December 2023. This is referred to in Note l 8 of the Financial Statements. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The company's name is "Cuan Mhuire (Nl) Limited" The organisation is a charfttable company limited by guarantee, incorporated on the 5th October 1998 and registered a5 a charity in 1998. The Company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. The Directors of the Company for the purposes of charity law and under the company's articles of association shall manage the business of the company and exercise all the powers of the company. Each year a director shall retire by rotation. Ms Maeve Hughes will retire by rotation and being eligible offers herself for re-election. Due to the nathre of the charity's work the Directors seek to ensure that the needs of the service users are approprlately reflected though the diversity of the directors. To enhance this Directors are sought who have an interest and understandtng of the charity's work. Organisational structure Management Consists of eight Directors and a Chief Executive. In addition to the diiectors the company has a Board of Trustees who delegate that all operations of the company are managed by the Board of Directors. The Local Leadership Group and staff meetings monitor fmance, heaiih and safety and other matters that are the responsibility of the charity. The day to day running of the centre is under the control of a inanager who has designated responsibility for particular tasks. The manager also has responsibility for the day to day operational management of the centre, individual supervision of the staff team and ensuring that the team continue to develop their skills and working practices in line with good practice. Induction and training of new trustees The Trustees are familiar with the practical work of the charity. Additionally new trustees are invited and encouraged to familiarise themselves with the work of the charity and in the context within which it operates. Related parties In so far as it is complimentary to the charity's objects, the charity is guided by both local and national policy.
CUAN MHUIRE (NI) LIMITED (REGISTERED NUMBER: N1034969) Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1034969 (Northern Ireland) Registered Charity number 105761 Registered office 200 Dublin Road Newry Co. Down BT35 8RL Trustees LDuffj G Wallace Ms M Hughes Dr F Sheehan P O'Donoghue Solicitor Sr C Filzgerald O Mcconville Occupation Coun5ellor Ms M Doran Registered Nurse C Murphy (appointed 2711012023) Non director trustees O Condon P O'connor N Smith Company Secretary Ms K Bennett Auditors M.B.Mc Grady & Co Chartered Accountants Statutory Auditors Rathmore House 52 St Patricks Avenue Downpatrick Co. Down BT30 6DS Bankers Danske Bank 58 Hill Street Newry Co.Down BT34 4BD STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Cuan Mhuire (Nl) Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the fmancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
CUAN MHUIRE (NI) LIMITED (REGISTERED NUMBER: N1034969) Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2023 STATEMENT OF TRUSTEES, RESPONSIBILITIES - continued Company law requires the trustees to prepare fmancial statements for each fmancial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those fmancial statements, the trustees are required to select 5Ultable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the fanCIal statements; prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any tirne the flliancial positÈon of the charitable company and to enable them to ensure that the fanCIal statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there is no relevant audit infonllation of which the charitable company's auditors are unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infonnation and to establish that the auditors are aware of that inforniation. AUDITORS The auditors, M.B.Mc Grady & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting. Report of the trustees, incorporating a strategi¢ report, approved by order of the board of trustees, as the company directors, on 27 October 2023 and signed on the board's behalf by: Ms K Bennett- Secretary