REGISTERED COMPANY NUMBER: N1034969 (Northern Irèland) REGISTERED CHARITY NUMBER: 105761 Reporl of the Trustees and Finan¢ial Slalements for the Year Ended 31 March 2¢24 for CUAN MHUIRE IfsAII LIMITED M,B,Mc Grady & Co Chartered Ac¢ounlant5 Slatulory Auditors Ralhmore Housè 52 $1 Palri¢k$ Avenue Downpalri¢k Co. Down BT30 6DS
CUAN MHUIRE INI) LIMITED Contènts of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2021 Page Report af the Trusteeg Report ol the Independent Auditors 6 to 9 Statement of Financial Activities io Balance Sheet Cash Flow Staternent 12 Notes to the Cash Flow Slatement 13 Notes to the Financial Statemenls 14 10 22
CUAN MHUIRE INI) LIMITED (REGISTERED NUMBER: N1034969} Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024 The Irusleès who are also directors of Ihe Charity for the purposes of Ihe Companies Aet 20061 pre$enl their report with the financial slalements ol the charily for the yèar ended 31 Mar¢h 2024. The lyusteès have adopted the provisions ol A¢¢ounlin9 and Reporting by Charities: Slatement of Re¢oMmended Practice applicable lo ¢harilies preparing Iheir aecounl$ in a¢¢ordan¢8 wilh tho Financial Reporling Slandard applicable the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES ObJe¢tives and aim$ Thg eharily s mission slalement 1$ as f¢llow$: Cuan Mhuire is a way of life, It is fo¢u5ed on serving Christ in the person $uffering from addi¢lion and 11$ effects, We are wholly inelugive and embraee those who feèl marginalised and unloved, The Cuan Mhuire Community seeks lo help all lo discover their giflednes$ and their irtfinile value. Cuan Mhuire provides a lived experien¢e of home, familyi and belonging. We are always allentive lo providing the highesl ilandards of excellence for those for whom wè provide ¢are and $upporl.' The company's objects are to promote the reliel of si¢kne55 and in parli¢ular to relieve persons wilhoul regard lo age sex, race, religion or creed who are sufferirtg from dependeneè on al¢ohol or any other drug or from any illnesS1 infirmilyr disabilily gr disèase atlribulablé to resulting from or in any way conne¢led with su¢h dependen¢e. The slralegies employed lo as1181 the ¢harity to meel these obie¢tives Included the following: Providing support and residential pro9rammes relaled lo the problems of dependence, Providing aftercare for ex residents, An oulreach programme 1$ provided lo schools and collo9e$ and other interested and concerned parlie$. Foeusing upon limiting Ihe harm which comes wilh dependen¢e, Working towards applying nalional slandards lo sèrvice and the implemenlalion ol the national oceupational slandards, Workirtg in partnership with other agencie$ to seeure Ihe wides1 range of servi¢es is available Ihal bes1 matehes Ihe needs of 11$ client'$ population. Publie benefit Cuan Mhuire offer$ a place of rehabililalion and support to those with addiction issues. The charily operate5 an open door approach in which admission lo Ihe residential programmes ¢an be accessed thvou9h communily addietion ieivioe$i hospitals and individuals IheMselve9. On admissioh Cuan Mhuire provTdes a $afè and $lru¢tured envirortment in which a residential rehabilitation programme TS dolermined either through a Iwelve week alcohol and gambltng programme or a twertly week drugs programmè. An inlegratad care programme is eslabliihed throughout Ihe individual's involvement with Cuan Mhuire Irom the point ol enlryi to ¢OMplelion of Ihe programme and lo their reinle9ralion into the comrnurtily, Cuan Mhuir8 has a residential capacily of ninely.two beds at their lo¢ation ott Ihe Dublin Road, Nèwry, Wilh5n the year 421 individuals availed of Ihe charily's rehabililalion pigrammes of whi¢h 94 /0 ol Ihe$e individual$ sought help from al¢ohol and drug related i$$e$.From the lolal adMiSSiaM$ 67•/• compleled their individual programmes though Cuan Mhuire ¢onlinues lo strive lo meel Ihe need$ af tho$e who, for one rea$on or another, did not slay with their programme to ¢oMpletion. The eharity provide$ Care and $upporl lo individuals at each stage of their involvement in the rehabililatiotr) programme and this exlends lo Ihe provision ol aftercare ¢are $ervi¢es, Cuart Mhuire considers aflerear6 lo play a vilal part the poStre51d¢tS road to recovery. To this extent during Ihe year Cuart Mhuile regi$tèred 3 200 altendees to their Dublin Road ¢enlro and OLtlrea¢h eenlres in Belfast and Omagh for afler¢are supporl and guidan¢•. Cuan Mhuire $aeks to Continue Iheir rolo WTlh the Community lo bring support lo those with addi¢tion is$ues and lo en9ur8 that all Iho$e with addiction issue$ know Ihere is someon& there for them.
CUAN MHUIRE INI) LIMITED (REGISTERED NUMBER. N10349691 Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Prin¢ipal funding $our¢es The principal funding $ouice$ for Ihe eharily are IIHeallh & Soeial Care Board (HSCBI and Ilsupporling Peoplè,, In¢luded wilhin incoming resources is a lolal of £q65,000 reeeived from the Health & So¢ial Care Boaid wilh £424 970 from SupporlTng People, Other funding comes from Ihe Northern Ireland Housing Exe¢ulive and Ihrough voluntary ¢onlribulion$ from residenls. Funding wa$, alsoi received from the Magill Trust of E12 480 logether with £2,400 from the Community Development & Health Network to aid the ¢harily'$ ongoing obje¢tive$ of Support and guldaneo lo Ihose wilh addielion i53ues. CLtan Mhuire also relied upon funding reoeived Ihroughout the finan¢ial year from donation$ and fund raising aclivilies. Investment policy and objective$ Aside from r8lainin9 a prudent amount in reserves ea¢h year mosl of the eharilylg funds are lo be spent in Ihe short term $0 there are few fund$ for lon9 term inveslrnenl. Reserves poli¢y The Direetors and Ihè Lo¢al Leadership Group has examined Ihe charity's requirement$ for reserves in light of Ihe main risks lo the organisalion, 11 has established a policy whereby Ihe unreslrioled funds not Committed or invested in tangible lixed assets held by Ihe ¢harity Should be belween 3 and 6 months expenditure, Budgeted expendilure for 2023124 19 approximately £1,275,000 and therefore the target 1$ belweett 2318,750 artd £637,800 of general unreslricled funds. The ¥eserve9 ara required lo meel nol only thè working eapilal requirements of Ihe charity bul also in ¢oryun¢tion with the developmenl project as des¢ribed im the below paragraph. The actual reserve4 al 31 March 2024 amount lo £767,868 whieh exceeds the average largel figure of E478 125 for unreslricted funds. In ¢aleulaling re$èYves Ihe net book value of fixed asset$ held (£7,668,828) have been gxcluded. This $uipa$8ed the policy largel of 3 10 6 Months. The Direclors are aware of Ihe evenl$ o¢¢urrin9 Within Ihè finan¢ial year and will ¢ontinue lo keep under ¢onslant review. 11 remains Ihe strategy of the ¢harity to Cohtinue lo build re$erve$ and apply re$our¢os lo the eharity $ gbjeclives and mii$ion. DEVELOPMENT The can$trtJ¢tion of additional long term residential a¢¢oMmodalion which continued in Ihis finan¢ial year wa$ ompleled and formally opened on 28 June 2024, The newly opened accommodation at Iho charl15 lo¢aliott on Ihe Dublin Road will provide Iwelvo two bèdroom aparlmenls, This accommodalion will provide urgenlly needed support lor Iho$e who are homeles$ or for those who nèed additional lime as parl ol thè eontinuum of $upporl that su$lain$ re¢oveiy and minimises relap$e to Iheir addiction. Thi$ ig referred to in nole18 of Ihe Financial Slalements, In going forward the ¢harity has Iccused their altention on both the physical and mental well.being of Iheir $ervi¢e usèr5 as an extension lo their rehabilitation pro9raMmè. With suppoil Irom benefaetor$ Cuan Mhuire havo developed and ¢reated a stale of Ihe art gym allowin9 re$idenls a place where Ihey havè space to Ihemselv8$ during Iheir rehabililalion lime wilhin Cuan Mhuire, To ensure the ¢onlinuily of Ihe quality of Ihe rehabilialton programmès provided Cuan Mhuire underlakes Iho 5ervi¢es of CHKS a leading health and social care assurance and ac¢redilatioh ¢ompanyr to annually assess thè eharily performan¢0, Accredilalion was awarded by not only CHKS but al$0 by ISO on their programme delivery to service U8ars,
CUAN MHUIRE {NI) LIMITED IREG15TERED NUMBER: N1034989} Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing do¢umèht The company'$ name is Ilcuan Mhuire (Nll Limiledll The organisation is a eharilable company limiled by guaranlee incorporaled on the 5th Oclober 1998 and regislered as a eharily in 1998. The Company was eslablished und#r a memorandum of assoeiation whi¢h established Ihe obje¢ls and powers of thè charitable company and 1$ governed under 11$ Articleg of A$s0¢ialion. In Ihe Èvent of the Company being wound up members are iequired to ¢onlribult an amount not ex¢eeding £1, The Director$ of Ihe Company for the purpoies ol charity law and under the company's arli¢les of asso¢ialion shall manage the bu8ittess of the Company and exerci$e all the power$ of Ihe company. Ea¢h year a director ihall retire by rolalion, Mr Leonard Duffy will relire by rotation and being èligible offer$ himself for re.election. Due lo the nature ol the charity s work the Director$ seek lo ensure Ihal the need$ of thè servi¢e user$ are appropriately rtlle¢ted though the diversity of the dire¢lors. To enhan¢e thi$ Directors ale saught who have an intere$l and understanding of the charity s work. Organi5ational slruclure Management eonsisls of ei9hl Diyeelors and a Chsef Execulive. In addition lo the directors the Company has a Board of Truslee$ who delegate Ihal all operations of the company are managed by Ihe Board of Directo¥g. Tha Local Leadership Group and Slaff meetings Monilor finan¢e, health and safely and other matters Ihat are Ihe responsibility of Ihe charity, The day to day iunning of Ihe ¢enlre 1$ under the eonlrol of a Manager who ha$ designated re5ponsibilily for parli¢ular tasks, The manager also has responsibility for Ihe day lo day operational management of the cenlre, individual $upervision of the $lafl team and ensuring that the team ¢ontinue lo develop Iheir skilli and working practices in line wilh gcod pra¢lTCè. Inductlon and training of new trustees The Trustee$ are familiar with the pra¢li¢al work of the charity. Additionally new Iru$lee$ are invited and encouraged lo familiarise Ihemselves wilh thè work of the ¢harity and in the context within which il operale$, Related partiei In go far as il is complimentary to the charity s obje¢lsi the eharity is guided by both local and nalional policy, REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1034969 (Norlhern Ireland) Registered Charity number 108781 Registered office 200 Dublin Road Newry Co. Down BT35 8RL
CUAN MHUIRE (NI) LIMITED (REGISTERED NUMBER: N1034969) Report of the Tru$lee$ FOR THE VEAR ENDED 31 MARCH 2024 Tru$teo5 L Duffy G Wallace Ms M Hughès Dr F Sheehan P O'Donoghue Soli¢ilor Sr C Filxgerald O M¢Conville O¢¢updlion Counsellor M$ M Doran Registered Nurse C Murphy Membev of the Legislative Assembly lappoinled 2711012023) Non dire¢tor trustees O Ccndon P Olconnor N Smith Company Secretary Ms K B8nnelt Auditors M,B.Mc Grady & Co Chartered A¢counlanl$ Slatulory Auditor$ Rathmore House 52 St Palrioks Avenue Downpalrick Co. Down BT30 6DS Banker$ Danske Sank 58 Hill Slreel Newry Co.Down BT34 4BD STATEMENT OF TRUSTEESI RESPONSIBILITIES The Iruslees (who are also the dire¢lor$ of Cuan Mhuire (Nll Limited lor the purposes of ¢ompany law) are responsible for preparing the Report of the Truslees and the financial $lalemenls in a¢¢ovdan¢e with appli¢able law and United Klngdom Accounting Standards (Uniled Kingdom Gènerally Ac¢epled Accounting Pra¢tice). Company law requires the trustees lo prepar& finafjeial 8lalemenls for each financial year which give a Irue and fair view of the Slale of affairs ol the charitable Company and of the incoming resources and application of re$our¢e$, including Ihe income and expendilure, of the eharilable company for that period. In preparing Iho$è linan¢ial statemenls, Ihe trustees are required to $ele¢t suilablo a¢¢ounling poli¢ie$ and then apply them ¢onsislehllyi ob$erye the methods and principles in the Charity SORP. Make judgements and e$liMate$ that are rea$onable and pyudenl. stale wholher appli¢abl8 accounling slandards have been followed, Subject to any material deparlure$ disclosed and explained in the financial slalement$' prepare the finan¢ial slalemenls on Ihe going concèrn basis unles$ it 19 inappropriate lo presume that the charitable company will Continue in bu$lness.
CUAN MHUIRE INI) LIMITED (REGISTERED NUMBER: N1034969) Report of the Tru$lee$ FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEE51 RESPONS131LITIES . Continued The Iruslees are responsyble for keèping proper accounting records which dis¢l0se with Yeasonable accura¢y al any lime the financial po$ilion of the Charilable company and to enable them to eh$ure Ihat Ihe financial slalemènt$ Comply wilh the Companies Act 2006, They are also responsible for safeguarding the assats of Ihe Charitable company and henee for taking reasonable $lep$ for Ihe prevention and deleelion of fraud and othér irvegularilies. In $0 far as the Iru$lee$ are aware., there is no relevant audil infoimalion of which the charitable company s auditor$ are unaware. and the Iru$lees have taken all steps that thèy ought lo hav6 taken lo make Ihemselves aware of any relevant audil infarmation and lo establish Ihat the auditor$ are aware of that information. AUDITORS The audilorsi M.B,Mc Grady & Coi will be proposed for rè.appoinlment al the forlheoming Annual General Meeting. Reporl of Ihe trustee5, in¢orporating a slralegi¢ reporti approved by order of Ihe board of Iruslees, a$ Ihe ¢ompany direelors, on 4 October 2024 and signed on Ihè boardls behalf by: MS K Bennelt . Se¢retary
Report of the Independenl Auditors to the Trustee$ and Membèrs of Cuan Mhuire INI) Limlted (Registered number: N10349891 Opinion We have auditsd the financial Slatemenls ol Cuan Mhuire (Nl) Limited (Ihe leharitable ¢OMpany') for tho year ended 31 March 2024 which comprise the Slatement of Financial Aclivittes the Balan¢È Sheèt, the Cash Flgw Slalement and notes lo thè linancial slaleMenl$ in¢luding a 4UMmary of significanl accounting policies, Thè finan¢ial reporlin9 Iramèwork that has been applied in their preparalion is appli¢able law and United Kingdom Accounting Slandards (Uniled Kingdom Generally A¢¢epled Accounting Practice), In our opinion Ihe linanoial slalemenls: give a true and fair view of Ihe slate of Ihe ¢harilabl8 eompany s aflair$ as at 31 March 2024 and of 11$ incoming resour¢e$ and application ol resour¢es, including ils income and expendilure for the year Ihen ended. have been properly prepared in accordanee with United Kingdom Generally Accepted Accounting Pracli¢e; and have been prepared in acecrdan¢e wilh the requirements of the Companies Act 2006, Basis for opinion We ¢onducled our audil in ae¢ordan¢e w¥lh Inlernalional Standards on Auditing (UK) (ISAS (UK)) and applicable law, Our respohsibllities under Ihosè standards are fuilher described in Ihe Auditors re$pon$ibililies for Ihe audit of the financial slalemenls section of our report. We are independent of the charitablè Company in accordanee with Ihe elhi¢al requirements that are relevartl lo our audit ol Ihè financial slalements in the UK, including tho FRC'S Ethical Slandard, and we have fulfilled our other elhical responsibilities in accordance with Iheie requirements, We believe that Ihe audit èvidence we have obtained 51 $ufficienl and appropriato lo provide a ba$1$ for our opinion. Con¢lugion$ relating to going eon¢8rn In auditing the financial slalemenls we have coxeluded Ihat the Iruslees, use of Ihè goin9 ¢on¢ern basis ol ac¢ounling in the preparation of Ihe financial $tatemenl$ is appropriale, Based on tho work we have performèd we have not identified any material tlncerlainties relaling to events or QDndilioni Ihal individually or ¢ollectivelyi May cast iignifi¢anl doubt on Ihe charitable company'$ ability lo ¢ontinue as a goin9 Concerrt for a period of at least twelve monlhs from when Ihè finan¢ial sldlemenls are aulhorised for ig$uè. Our responsibilities and Ihe responsibilities of Ihe trustees with respect Io going concern are described in Ihe relévanl $e¢lion$ of this reporl. Other information The Iruslees are responsible for the olhtr inloymation. The ¢lher information ¢ompri$e$ the informalion included in Ihe Annual Report, other Ihan Ihe financial slalemenls and our Report of Ihe Independenl Audilors Ihereon. Our opinion on Ihe financial slalemenls does not cover the other informalion and, excepi to Ihe extent olherwi$e expli¢illy $laled in our reporl we do not expre$$ any form ol a$$uranee eon¢lu$ign Ihereon. In connection with our audit ol lh8 linaneial $laleMenls, our rè$ponsibilily li to read the other information and in doing 501 consider whether the olher information 1$ materially in¢on$islènt with the financial slatemenls or our knowledge obtained in the audil or otherwise appear$ lo be malevially misstated. If we identify su¢h material ineon$isten¢ies or apparenl material Mis8lalemehl$ wo aro required to delermine whether this gives rige lo a Malerial mi$slaleMenl in the financial statements themselves, If, based on the wark we have performed, we ¢on¢lude that Ihera is a material mi55lalement of this other information, we are required to reporl that fael. We have nothing to reporl in this regard. Opinion$ on other matters prescribed by the Companies A¢t 2006 In our opinion, baled on the work undertaken in the eourse of th& audit: Ihe information givtn in the Repoit ol the Trustee$ for the financial year for whi¢h Ihe financial $lateMenlg are preparèd 1$ consistent with the financial $talements,' and Ihe Report of the Trustees hag been prepared aceordance wilh appli¢able legal requirements.
Report Df the Independont Audltors to the Tru8teÈ$ and Members of Cuan Mhuire (Nll Limited (Registered number: N10349891 Matters on which we are required to report by exceplion In thè light of Ihe knowledge ahd understanding of the charitable Company and ils environment Qblained in Ihè eourge ol th6 audit, we havo not identified material Mi$$lalements in Ihe Reporl of Ihe Tru$lee$. We have nothing lo reporl in respecl ol the following matlers where the Companies Act 2006 requir4$ us lo reporl to you if, in our opinion: adequate aceounling records have nol been kept or returns adequate for our audit havo not been received from bran¢h¢s not visited by us,. or the financial statements arè not in agreement with Ihe aecounling re¢ord$ and returns,. or ¢erlain dTsclo$ures of Iruslee$' remuneration specified by law are not Made. or we have not re¢eived all th8 information and explanations wo require for our audit. Responsibilities of tru51ee$ As explained more fully in Ihe Slalemenl ol Tru$tee$l Respon$ibililie$ the Iruslee$ (who are also Ihe direelors of charilable company for the purposes of company law) are respoMSible for the preparalion of the finan¢ial slalefflents and for being salisfied that they give a true and fair view and for such inlernal control as the Iluslees detprmino is necessary to enable the preparation of financial stalements Ihal are free from material Misslalemenl, whelher due lo fraud or error. In preparing the financial slalemenls, thè liuslees are responsible for a$$essing the charitable eompany's ability lo cont5nue as a going ¢onceYni di$¢losingi a$ applicable, mallers related lo goirtg ¢oncern and using the going ¢oncern ba$1$ of ae¢ounting unless the Irustee$ either illtend la liquidale the charitable ¢ompany or lo cease opÈralion$ or hav no realisli¢ allernalive but lo do so.
Report of the Independent Auditor$ to thè Truitees and Memberg of Cuan Mhuire INI) Limited (Registered number: N1034969) Our re$pon$ibilities for thé audit of the financial Statements Our objective$ are to oblain reasonable assuian¢• about whether Ihe financial slalemenls ag a whole arè free from material misslalemettt whether due lo fraud or er¥ori and lo issue a Report of the Independent Audilorg Ihal in¢ludè$ our opinion, Rea$ottable a$surancè is a high lèvel of assurancel but is riot a guaranlee Ihal an audil ¢onducled in a¢cordart¢e with ISA5 (UK) will always detècl a Material Mis$lalement when il exisls. Mis$lateMents ean arise from fraud or error and are considered malerial if individually or the aggregate they ¢ould reasonably be expected to influen¢0 Ihe economie de¢isions of users laken on Ihe basis of these finaneial statement$. Irregularilies including fraud, are instan¢85 of non.eoMplian¢e wilh laws and regulations, We desigh pro¢edures in line with our responsibilities, oullined above lo delecl material misslalemenls in re$pe¢t of irregularilies including fraud. The extent lo which our procedure$ are eapable of delecling iiregularilie$ including Iraud is detailed below. Our approach lo idenlifying and assessing the risks of Material misslalement in respe¢l of irregularities, Includin9 Iraud and non.complian¢e with laws and regulations, wa$ a$ lollows: the engagemènt partner ensured thal thè engagemenl leam eollectively had the appropriate Compelencei ¢apabilities and $kills to identify or re¢ogni5e non*¢omplian¢e with applicable laws and regulations. wo identified Ihe law$ and re9ulalions applicable la the eompany Ihrough disou$$iong with dIrlorI and olher management and from our knowledge and experien¢e of Ihe $e¢tor the company operate$ wilhin. we fo¢used on Specific laws and regulations which we eonsidered may havo a direct material effecl on the financial $lalemenls or the operation$ of Ihe Company including the Companies A¢1 2008 charity and taxation 18gi$lalion data proleclion, anli.briberyJ employment environmental health and $afety legislaliom., we assessed Ihe exlenl of complianee with the laws and regulations identified above through makin9 enquiriej ol management and t119pe¢ting legal ¢orre$pondence,' and identified laws and resulalions were communicated within the audil team regularly and the leam remained alerl to Inslances of nonwcompliance throughout Ihe audit. We asse$$ed the $u$cÈplibility ol Ihè Company's financial slalemenls to malerial misstatement, ineluding oblaining an uMder$tanding of how fraud mi9ht o¢¢uri by., making ehquiries of Manasem8nl as lo whère they considered there was $us¢eplibilily to Iraud, their knowledge of actual, $uspe¢led amd alleged fraud. and eonsidering the inleinal controls in place lo mitigate rT$ks of fraud and non.¢omplian¢e with laws and regulations, To addre59 Ihe risk of fraud through management bia$ and override of eonlrols, we: performed analylical pro¢edures lo idenlify any unusual or unexpeeled relalianship$' lesled journal entries lo identify unusual Iransa¢lions' asse$$ed whether judgemenls and assumptions made in deterrninin9 the accounting estimates sel oul in Ihe noles were indicalive of potential bia$. and invesligaled the rationale beh5nd significant or unusual Iransa¢lions. In re$ponse to Ihe risk of irregularities and non•¢omplianee wilh laws and regulalions wa designed procedures which 1ClUded, but wero not Iimiled ID: agreelng linancial slatemenl diselosures to underlying $upporting dooumenlalion. reading the Minutes of meetings of those charged with governance. enquiring of managemenl as lo a¢tual and potential liligati¢n and claims. and reviewing ¢orreipondence wilh HM Revenue & Cu$laM$ relevant regulators including Iho Health and Safely Executive, and the COMpaNy'$ legal advisors. There are inherenl limilatiort$ in our audit prccedurei de$¢ribed above. The morè removed Ihal laws and re9ulations arè from financial Iran$aclion$, thè les6 likely il 1$ Ihat we would beooM8 awarè of non.CCMplian¢e. Auditing slandaYd$ also limil Ihe audit procedures required lo idenlify non.¢ompliance with law$ and regulations to enquiry of the directors and other management and the inspeelion ol regulalory and legal eorrespondenc8, il any. Material misilalementi that arise due to fraud can be harder lo detect than Ih0$6 thal arige from error as Ihgy may involvè deliberatè concealment or ¢ollusion,
Report of the Independenl Auditors to the Tru$tee$ and Members af Cuan Mhuire (Nl) Limited {Regislered number: N1034969} A furlher des¢ription of our ¥e$ponsibilities for Ihe audit of thè financial 51ateMenl$ is loeated on the Financial Reporting Coun¢il's website al www.fr¢,org.uklaudilor$rè$pongibililies. This de$criplion forms parl Of our Report of the Independent Auditors. Use of our report Thi$ reporl is Made solely to the charitablè compatty's membersi aj a bodyr in ae¢ordance with Chapter 3 of Parl 16 of the Companies Act 2006, Our audit work has been undertakèn $0 Ihal wè might slate lo Ihe ¢haritable companys members Iho$e matters we are required lo stale lo Ihem in an auditors reporl and for no other purpose, To the fullest extent permi118d by law, we do not a¢cepl cr assume responsibility lo anyone other than the charitable company and the ¢haritable company s Members as a badyi for our audil work, for thi5 rèport, or for the ¢pinion$ we have formed. Conaill M¢Grady ISI tory Auditor) for and on behalf of M.B.M¢ Grady & Co Charlered A¢¢ounlanl$ Slatulory Audilor$ Rathmore House 62 St Palrieks Avenue Downpalri¢k Co, Down BT30 6DS 4 October 2024
CUAN MHUIRE INIJ LIMITED Statemenl ol Finan¢ial Activities (Ineorporatin9 an Income and Expendilurè Account) FOR THE YEAR ENDED 31 MARCH 2024 3113124 Total funds 3113123 Total funds Unrestricted ftlnds Restricted funds Nole$ INCOME AND ENDOWMENTS FROM Donalions and legacies 79,944 79,944 63,396 Inveslmenl in¢ome Other income 1,326 906,094 1,326 1,510,944 576 1,524,OS1 604,850 Total 987,364 604,850 1,592,214 1,588,023 EXPENDITURE ON Charitable a¢tivities Alcohol & Drugs Rehabilitalion 930,796 616,833 1,547,629 1,378,121 Other 900 900 3,265 Total 921,696 616,833 1,548,529 1,381,386 NET INCOMEIIEXPENDITUREI 5B,668 {11,983) 43,685 206,637 RECONCILIATION OF FUNDS Total funds brought forward 8,379,282 157,110 8,536,392 8,229,755 TOTAL FUNDS CARRIED FOR WARD ,434,950 148,127 8,580,077 ,536,392 The noles form parl of these finan¢ial $latemenls io
CUAN MHUIRE (NI) LIMITED {REGISTERED NUMBER: N1034969) Balan¢e Sheel 31 MARCH 2024 3113124 3113123 Notes FIXED ASSETS Tangible assels 7,668,828 6,600,898 CURRENT ASSETS Stock$ Debtor$ Ca$h at bank and in hand 13 14 13,241 189,395 840,320 12,272 2Q9,784 1,772,171 1,042,956 1,994,227 CREDITORS Amounts falling due within one year 15 (131,707) (58,733) NET CURRENT ASSETS 911,249 1,935,494 TOTAL ASSETS LESS CURRENT LIABILITIES 8,580,077 8,536,392 NET ASSETS ,580,077 8,536,392 FUNDS Unreslrleted fi4ndi Reslrieted furtd$ 17 8,434,950 145,127 ,379,282 157,110 TOTAL FUNDS 8,580,077 8,536,392 The financial slalemenls wère approved by the Board ol Trusleeg and aulhori8ed for issue on 4 October 2024 and were signed on itg bthalf by: L Duffy . Trustee The notes form parl ol these linancial slalemenl$ 11
CUAN MHUIRE INI) LIMITED Cash Flow Slatement FOR THE YEAR ENDED 31 MARCH 2024 3113124 3113123 Notes Cash flow$ Irom operating activities Cash generaled from operations 3S4,520 299,979 Net ¢a$h provided by operating aclivilios 354,520 299,979 Ca$h flows from investing a¢tivitie$ Pur¢hase ol tangible fixed assets Interest received 11,287,697) 1,326 (509,415) 576 Net cagh u$ed in invesling activities {1,286,3711 (508,839) Change in oash and ea$h equivalents in th& rÈporting period Ca$h and cash equivalents at the beginning of the reporting period Cash and cash equivalenls at the end of the reporting p8Yiod (931,851) (208,860) 1,772,171 1,981,031 840,320 1,772,171 The ngles forrn parl of these lixan¢ial slatemenls 12
CUAN MHUIRE INI) LIMITED Note$ to the Cash Flow Statement FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 3113124 3113123 Net in¢oMe for th8 reporting period la$ per the Statement ol Finaneial Activities) Adjustments for: Depre¢ialion charges Inleresl reeeived In¢re3ge in slo¢ks Decreasel(increa$el in deblors Inereaselldecrease) in creditors 43,685 206,637 219,767 11,326) 19691 20,389 72,974 189,204 (578) (237) 190,841) (4,208) Net cash provided by operationi 354,520 299,979 ANALYSIS OF CHANGES IN NET FUNDS At114123 Cash flow Al 3113124 Net ca$h Cash at bank and in hand 1,772,171 1931,851 ) 840,320 1,772,171 (931,851) 840,320 Total 1,772,171 (931,8511 840,320 Thè notes fomi parl of these linan¢ial $latemenls 13
CUAN MHUIRE {NI) LIMITED Notes lo the Finaheial Stalemenls FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of prèparing the finan¢ial statement$ The financial $lalemenls of the Charilable ¢ompanyi whi¢h is a publi¢ benefit enlity under FRS 102 have been prepared in a¢cordan¢e with the Charitie5 SORP {FRS 102) IAccaunling and Reporting by Charities: Slalemènt of Recommended Praelicg appli¢able lo charilie5 preparing their a¢¢ounls in accordan¢e with the Finan¢Tal Reporling Standard applicable in lh& UK and Republi¢ of Ireland IFRS 1021 (effective 1 January 2019),, Financial Reporting Standard 102 IThe Finarteial Reporling Standard applicable in Ihe UK and Republic of Ireland? and the Companies Aet 2006. The financial slalernenls have been prepared under the histori¢al cosl convention. Income All income is reco9nised in the 51alemenl of Financial Acliviliei once Ihe charily has enlillemenl lo tho fund$ il 1$ probable Ihat the in¢ome will be received and the amount can be measured reliably. Expenditure Liabilities arè reco9nised as expenditure as Soon as there is a legal or ¢on8lYuetive obligation commilling the ¢harily lo that expènditure, it is pvobable that a Iransfer of economie benefits will be required in settlement and the amount of the obligation can be Measured reliably. Expenditure 1$ a¢¢ounled for on an accruals basis and ha$ been ¢la$sified under heading$ thal aggregate all ¢o$l related lo the category, Whero ¢osl8 Cannol be directly allribuled lo parli¢ular heading5 they have been allocated lo aclivilies on a basis congistent with the use ol re$ouree$, Tangible fixed as8els Depre¢iatiott is provided at the following annual rales in order to wrile off each asset over it$ e$timaled useful life. Freehold property Planl and Machinery Fixtures and fitling$ Molor vehi¢le$ Compuler equipmenl 20A on cost 20f/•¢J on reducin9 balance 20Q/o on reducing balan¢e 20/• on redu¢ing balaneo 20/4 on reducing balance Sto¢k5 Sloeks ar6 valued al the lower ol ¢osl and net realisable value, aftsr making due allowanee for obsolele and slow moving items. Taxation Th¢ eharily is exempt from eorporalion lax on 11$ Charitable a¢livilie$. Fund accounting Unreslri¢ted funds ¢an be used in aceordance with the eharilable objectives al the discrelion of the Iruslees.Unr8slricted funds include a revalualion reserve representing tho rellatement of fixed assets at markel values. Designated funds are unreslrieled funds earmarked by the Matr7agemenl Committeè for particular purpo$ei, Re$lri¢ted funds Can only be u$ed for parlieular re¥trieted purposeg wilhin the objecls of the ¢harily. Reslri¢ticng ari$8 when $pecifTed by the donor or when fund$ arg rai94d for particular r¢$lricted purposés. Furiher explanalion ol Ihe nature and purpose of each fund 18 included in the noles to the finan¢ial slatemenli. Hire pur¢haie and leasing commitments Rentals paid under operatlng lea$e$ are charged to Ihe Statement of Financlal A¢livitles on a $lralghl line basis over Ihe peilod of thè lease. 14 Continued,..
CUAN MHUIRE (NII LIMITED Notes to the Financial Statem8nt5 . Continued FOR THE YEAR ENDED 3f MARCH 2024 ACCOUNTING POLICIE5 . continued Pension eosts and other pa8l*retirement benefits The charitable Company operales a defined contribution pen$ion scheme. Contributions payable lo the charitable eompany's pen$ian scheme ar6 Charged to Ihè Slalomehl of Financial A¢livitie$ in the period lo whieh Ih8y relale, DONATIONS AND LEGACIES 3113124 3113123 Donalions received 79,944 63,396 INVESTMENT INCOME 3113124 3113123 Deposit account interest 1,326 B76 OTHER INCOME 3113124 3113123 General incoMO Inhouse in¢ome Capilal grant income 1,295,625 215,319 1,211,665 193,545 118,841 1,510,944 1,524,031 General in¢ome 2024 2023 Supportin9 People Nl Housing Exe¢utive HSCB Stralegi¢ Planning & Performan¢e Group BSO Residen1$ eonlribulion$ 424,970 290,256 165,000 401,715 268,851 165,QOO 33,000 20,989 320172 1277 622 1209 707 Grant income 2024 2023 Sisters ol Mercy Magill Trusl Community Development & Heallh Network 3,123 12,480 1,958 Tola or Yea 1295 625 1211665 15 continued.
CUAN MHUIRE INI) LIMITED Note$ to the Finan¢ial Slatemenls . Continued FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE ACTIVITIES COSTS Support eosts {see note 6) Dlreel Cosls Totals Alcohol & Drug5 Rehabililalio 909,692 637,937 1,547,629 SUPPORT COSTS Governance ¢0Sts Management Finan¢e Totals Alcohol & Drugs Rehabililalion 625,683 8,004 4,250 637,937 Included within governance eosl$ aye audil fees of £4 25012022 E3,0001 NET INCOMEIIEXPENDITUREI Net in¢ornel(èxpenditurel is stated after charging1{crediting)', 3113124 3113123 Auditors remuneration Depreciation . owned assels Olher operating lea$eg 4,250 219,767 10,385 4,250 189,204 10,407 TRUSTEESI REMUNERATION AND BENEFITS There were no Irusleeg, remuneralion or other benefits for the year ended 31 March 2024 nor for Ihe year ended 31 Mar¢h 2023, Truslees, expenses There were no Irustees, expense$ paid for Ihe year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 3113124 3113123 Wa985 and salaries Social securiiy costs Olher pension ¢osls 606,584 46,394 9,831 566,098 38,643 9,476 662,809 614,216 Thè average Monthly number ol employees during the year wa$ as followi: 3113124 41 3113123 38 Total number ef $laff No errtployees received emoluments in 8xces$ af £60 000. 16 ¢onlifjued...
CUAN MHUIRE INI) LIMITED Noles to the Finan¢ial StatemeMIs continued FOR THE YEAR ENDED 31 MARCH 2024 io, COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslri¢ted funds RegtrTcled funds Total funds INCOME AND ENDOWMENTS FROM Donalion$ and legacies 62,898 500 83,398 Inve51m6nt income Other income 578 784,526 576 1,624,051 739,525 Total 847,998 740,025 1,588,023 EXPENDITURE ON Charitable aetivitie$ Alcohol & Drugs Rèhabilitation 745,033 633,088 1,378,121 Other 3,265 3,265 Total 748,298 633,088 1,381,386 NET INCOME 99,700 106,937 206,637 RECONCILIATION OF FUNDS Tolal funds brought farward 8,279,582 50,173 8,329,751 TOTAL FUNDS CAfiRIED FORWARD 8,379,282 157,110 8,536,392 11. GOING CONCERN The financial statements have been prepared on the a8$urnplian that Ihe Company 1$ able lo earry gn ils business a$ a go(ng con¢ern which th6 direclors ¢onsider appropriate having regard to Ihe results ol tho financial year. On Ihis basis thè directors ¢ortsider il appropriate lo prepare Ihe financial $lateMenls on a goi119 ¢on¢ern ba$i$. However Should Ihe company not be ablè to meet ils ¢ommilmenls long term the going Concern ba$is used in preparing the eompanyls financial statements may be invalid and a4iuslmenls would have lo be made to a4lusl thè value ol ils as$et$ lo Iheir realiabl8 amount and lo provide for any furlher liabililies which may ari$è. The financial $lalemenls do nol in¢lude any a4iuslment lo the eompanls assets or liabilities that mishl be necessary Should thi$ basis not conlinue lo be appropriate, 17 cofilinued...
CUAN MHUIRE (NI) LIMITED Notes to the Financial Statement$ * ¢onlinued FOR THE YEAR ENDED 31 MARCH 2024 12. TANGIBLE FIXED ASSETS Fixturei and litting5 Freehold property Plant and machinery COST At 1 April 2023 Addition$ 8,614,772 1,273,940 142,362 12,219 37,518 Al 31 Mar¢h 2024 9,888,712 154,581 37,518 DEPRECIATION Al l April 2023 Charge for year 2,112,283 197,338 49,930 20,926 35,560 391 Al 31 March 2024 2,309,621 70,856 35,951 NET BOOK VALUE Al 31 March 2024 7,879,091 83,725 1,567 Al 31 March 2023 6,502,489 92,432 1,958 Motor vehicles Computer equipment Totals COST Al l April 2023 Addilion$ 12,700 16,417 1,538 8,823,769 1,287,697 At 31 March 2024 12,700 17,955 10,111,468 DEPRECIATION Al l April 2023 Charge for year 9,578 625 15,520 487 2,222,871 219,767 At 31 March 2024 10,203 16,007 2,442,638 NETBOOK VALUE At 21 March 2024 2,497 1,948 7,668,828 Al 31 March 2023 3,122 897 6,600,898 18 eonlinued...
CUAN MHUIRE (NII LIMITED Notès to thè Finaneial Stalement$ . continued FOR THE YEAR ENDED 31 MARCH 2024 13. STOCKS 3113124 3113123 Stockg 13,241 12,272 14, DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113124 3112123 Trade debtor$ Prepayment8 and acerued income 57,070 132,325 94,828 114,956 189,395 209,784 15, CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113124 3113123 Trade eredilors VAT Accruals and dèferrod ineome 106,483 1,510 23,714 31,475 2,639 24,599 131,707 58,723 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 3112124 Total funds 3113123 Total funds Unrestricted funds Restri¢ted funds Fixed a$$els Current assets Current liabililieg 7,601,300 965,357 1131,707) 67,528 77,599 7,668,828 1,042,956 (131,707) 6,600,898 1,994,217 (58,733) 8,434,950 143,117 ,580,077 8,536,392 17. MOVEMENT IN FUNDS Net movement in fundy At 3113124 At114123 Unrestricted fvndg General fund ,379,282 55,668 8,434,950 Restri¢t8d funds Reitrieled Fund 157,110 (11,983) 145,127 TOTAL FUNDS 8,536,392 43,685 ,580,077 19 continued..,
CUAN MHUIRE INI) LIMITED Note$ to the Financial Slatemenls . ¢ontinued FOR THE YEAR ENDED 31 MARCH 2024 17, MOVEMENT IN FUNDS . continued Nel movement in lund$, in¢luded in thé above arÈ a$ follows: Inooming resource$ Resources oxpènded Movemènt in funds Unr8itri¢ted lund$ General fund 987,364 (931,696) 55,668 Restvieted fund$ Re$lri¢led Fund Community Dovelopmenl & Health Nelwork Magill Trust 589,970 1601,9531 (11,983) 2,400 12,480 12,400) (12,480) 604,880 {616,8331 (11,983) TOTAL FUNDS 1,592,214 (1,548,629) 43,686 Comparatives for movement in fundj Net Movement in fund9 At 3113123 At 114122 Unrestricted fundi Gerteral fund 8,279,582 99,700 8,379,282 Restricted fundg Rtr$lricted Fund 50,173 106,937 157,110 TOTAL FUNDS 8,329,755 206,637 ,536,392 Comparativg net movement in fundg, lrtcluded in the above are as follow$: In¢omin9 resources Re$our¢¢$ expended Movement in fundg Unre9tricted funds General fund 847,998 (748,298) 99,700 Reslricted funds Rè$lricted Fund 740,025 (633,088) 106,937 TOTAL FUNDS 1,588,023 (1,381,386) 206,637 20 eontinued...
CUAN MHUIRE INI) LIMITED Nole$ to the Financial Statements . continued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS . continued A current year12 monlhy and prior year 12 monlhs combined position 1$ as lollow$: Net movement in fundg At 3q13124 At114122 Unre$tr¥¢ted funds General fLtnd 8,279,582 155,368 8,434,950 Restri¢ted fundfj Reslricted Fund 50,173 94,954 145,127 TOTAL FUNDS 8,329,755 250,322 ,580,077 A cuirenl year 12 months and prior year q 2 monlhs combined nel movemenl in fund5, included in Ihe above ar¢ as follows: Incoming resourcei Re$our¢es expended Movement in fund$ Unr8strT¢led funds General fund 1,835,362 (1,679,994) 15S,368 Re$tricted fund$ Restri¢led Fund Communily Development & Health Nelwork Magill Trust 1,329,995 (1,235,041) 94,964 2,400 12,480 (2,400) (12,480) 1,344,875 (f,249,921) 94,954 TOTAL FUNDS 3,180,227 (2,929,915) 2SO,322 18. CAPITAL COMMITMENTS 3113124 3113123 Conlra¢ted bul nol provided for in the financial slalemènls 298,000 1,1CrJ,000 Cuan Mhuire (Nll Limited has under ¢on$lruction additional re5id•nlial units at Ih6ir sito on the Dublin Road. Work during Ihe year ended 31 March 2024. The projeol was Complèted in the followin9 linancial year wilh the aparlmenls being formally opened on 28 June 2024. The Trustees have made a capilal ¢cMmitmenl nol Contracted, lo the upgrading of the ¢harity'$ sewage Irtalmenl plant at ils premi$e$. 11 is estimated by the Tru$lees Ihal th8 ¢apilal outlay of this piojeet will be in the region of approximately £200,000 wilh work anticipated lo ¢omMéneo in Ihe 2024125 linancial year, There wero no further oapilal eommilmenlg eilh8r conlra¢led for or ehtered inlo in respect of any other projèct. 21 eontinued..
CUAThI MHUIRE (NII LIMITED Note$ to the Financial Statements . eontinued FOR THE YEAR ENDED 31 MARCH 2024 19. RELATED PARTYDISCL05URES There were no relaled party Iransaclions for the year ended 31 March 2024. 22