BangorAlternatives Limited (A company Limited by Guarantee, not having share capital) Unaudited annual report Year Ended 31 March 2024 Company No: N1603174 Charity No: XT0263341 NIC106266
BangorAlternatives Limited Year Ended 31 March 2024 Table of Contents Page Company Information Report of the Trustees 24 Report of the Independent Examiner Statement of Financial Activitie5 Balance Sheet Notes to the Financial Statements 10-14
Bangor Alternatives Limited Year Ended 31 March 2024 Company Infomiation Trustees The Trustees who served the chartty during the period were as follows: Ms J Brown Mr T Winstone Registered Office 2 Kilcooley Square Bangor Down BT19 1SH Independent Examiner HMCI Limited Chartered Accountants & Registered Auditors 28-30 Old Mountfield Road Omagh Co. Tyrone BT79 7BJ Registered Charity No. XT026334 NIC106266 Registered Company No. N1603174
BangorAlternatives Limited Year Ended 31 March 2024 Report of the Trustees The trustees, who are also the directors for the purposes ofcompany law. present their report and the financial ststements for the year ended 31 March 2024. Structure, Governance & Management Governing Document The organisation is a company limited by guarantee, incorporated on 18th of May 2010. The company was established under a Memorandum of Association and is governed under its Articles ofAssociation. Recruitment and Appointment of Management Committee The directors ofthe company are part ofthe wider rnanagement committee. Not all members of the management commtttee are directors ofthe company. Underthe requirements ofthe Mernorandum and Articles ofAssociation the office bearers of the Management Committee are elected to serve for a period of one year. afterwhich they must be reelected atthe nextAnnual General Meeting. Risk Management The Management Committee has conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Signtficant extemal risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal Gontrol risks are minimised by the implementation of procedures for authorisation of all transactions and projects. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charrty. Organisational Structure Nl Alternatives Ltd has a Board of up to six members who meet quarterly and are responsible for the strategic direction and policy of thè Gharity. At present the Board has six members from a variety of professional backgrounds relevant to the work ofthe charity. The Secretary also sits on the Board but has no voting rights. A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the Chief Executive, along with the Services, Operations and Finance and Administration Managers. The Chief Executtve is responsible for ensuring that the charity delivers the seNices specified and that key pèrformance indicators are met. Related Parties The company acts as an umbrella body for eight local-based restorative justice organisations, and these organisations are represented on the Board.
BangorAJternatives Limited Year Ended 31 March 2024 Report of the Trustees (continued) Objectives and Activities The company's objects and principal activities are to promote a non-violent restorattve community response lo justice issues. Bangor Altematives will identify needs, often in partnership with local communitiès and other voluntary and statutory bodies, relating to safety and conflict within communities, and will attempt to heal relationships in a restorative way. At the same time, it hopes to raise community awareness on the issues affecting young people and adults who are deemed to be at risk. The main objectives and acttvtties of the company are.. To organise within the communityto devise non-violent altematives to issues of community juslice. To help and work with young people in order to resolve the problems affecting their lives. To direct young people away from destructive and dangerous practices towards healthy and onstructive activities. To enable young people to personally rpflect on the potentially damaging consequences of risky and criminal behaviour. To address areas of weakness and failure within the formal criminal justice system To heal relationships within the community and to promote better relationships beeen the community and statutory agencies. To work towards a sustainable model of delivery for as much of the company's services as possible. Principal Funding Sources The principal funding sources for the company are the Department for Communities (DFC). the Ireland Housing Executive, The Communities in Transition Programme, and the British Shared Prosperity Fund. As a result of increasing constraints on govemment expenditure, as well as expansion of its base, the charity has to seek funding from a much broader group of agencies. The involvement of the charity with a governrnent-sanctioned 'Round Table, grouping of statutory agencies interested in issues of community justice is proving particularly useful in identifying possible opportunities for a much wider and strategically orientated range of ftjnding for the future. There is a government-approved Protocol in place that promotes better working between the charity as community-based restorative justicè scheme and ststutory organisations within the formal justice sector. Services Mediation, Advocacy and Community Support: The MACS programme offers mediation, support, Advocacy and positive interventions to local tenanls involved in neighbourhood or community disputes.
BangorAlternatives Limited Year Ended 31 March 2024 Report of the Trustee5 (continued) Neighbourhood Renewaucommunity Development: Alternattves is strategically placed to address issues of Gommunity safety and renewing Communities through the following strands of work.. Intensive Youth and Family support with young people involved in anti-social behaviour. Prevention work with groups of young people involved in anti-social behaviour. Delivery ofcultural awareness programmes. Sessions delivered in local schools Parent Support Victim Support Development and delivery of crime prevention sessions Conflict transformation work- bonfire- interface and removal of paramilitary murals. Development of volunteer programme within communty Promotion and facilitation of medialion. start Programme: start Programme is an employability and personal development programme for young people aged 16 to 24 years old who need employment, training or education in partnership with Include Youth and funded by British Shared Prosperity Fund. SAFE Programrne: SAFE is an initiative facilitated by Bangor AlternatNes (lead partner) alongside Rathgill Community Association, as a key delivery and engagement partner. This programme is funded by the Executive Office as part of the Community Safety strand of the Communities in Transition Project. The SAFE programme will involve bringing residents together to discuss community safety issues and identify community lead resolutions. This programmewill includethe establishmentof a'communtty Engagement Forum, who will consist of residents from Kilcooley, Rathgill and neighbouring areas. The Forum will be involved with co-designing educationlawareness raising events. information and learning visits and local relationship building. The aim of the projèct is to create safer communities for everyone. STARS Programme: Community Restorative Justice Ireland and Northern Ireland Altematives are delivering the STARS - Striving To Achieving a Restorative Society programme. CRJI has taken the lead in this with NIA being a partner. NIA will work with 4 of the designated key areas - Shankill, East Belfast, Bangor and Carri¢kferguslLarne, with CRJI working with the other 4. CRJI and Alternatives provide an opportunity to establish a presence throughoutthe eight areas, training and nurturing a new cohort of communty leaders to support the work provided through restorative justice practices.
BangorAlternatives Limited Year Ended 31 March 2024 Report of the Trustees (continued) The focus of the programme is to identify key individuals across the designated areas130 in each) who are interested in receiving restorative training and support to ultimately help embed restorative approaches in each community. This will hopefully lead to the outcomes detailed below= Increased understsnding of the difference belween restorative justice and restorative practice.. Increased understanding of the benefits of restorative methodologies and knowledge of how restorative practices have been used to improve outcomes for indtviduals. families and communtties both in Nl and more widely; Increased interest in using and adopting restorative approaches to service delivery in CIT areas., and Increased advocaw for the adoption of restorative approaches in each CIT area. DARE Pro ramme: DARE is an initiative facilitated by Northern Ireland Alternatives and 'Bangor Yes, (Extern). This programme is funded bythe Executive offi as part of the Children and Young People strand of the Communities in Transition Project. The programme engages with Primary School aged children from the Rathgill and Kilcooley area around their personal and social development and supports the children and theirfamilies to improve educational attainment. This programme also engagès with Post Primary School aged children from the CIT area. The programme aims to raise aspirations for participants and support them to achieve goals bespoke to each young person. DARE Programme has implemented a Youth Key Stakeholders Forum, as well as facilitsling several events and campaigns designed to help young people and parents access services and support. Financial Review This year Bangor Altematives continued to work through our programmes including Neighbourhood Renewal, MACS, Communities in Transition, and the Start Programme.
Bangor Alternatives Limited Year Ended 31 March 2024 Report of the Trustees (continued} Dire¢tors' Responsibilities Company law requires the directors to prepare financial statements for each financial period which give a true and fair view of the state of the affairs of the Charitable company and of its financial posstion at the end of that period. In preparing these financial statements, the directors are required to.. select suitable accounting policies and apply them consistently., makejudgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed subject to any departures disclosed and explained in the financial statements., and prepare the financial statements on the going ¢on¢em basis unless it is inappropriate to presume that the Company will continue in business. The Directors have overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies A¢t 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement of Disclosure of Information to Examiner So far as each of the Directors in office at the date of approval of these financial statements are aware-. There is no relevant information ofwhich the examiner are unaware: and They have taken all the steps they ought to have taken as Directors in order to make themselves aware of any relevant information and to estsblish that the examiner are aware of that information. Examiner In accordance with Article 382 of the Companies Act 2006, a resolution proposing that HMCI Limited be appointed as independent examiner of the company will be put to the Annual General Meeting. Registered office 2 Kilcooley Sqliare Bangor Down BT19 1SH Signed by order of the trustees Tom Winstone Secretsry Date-. 1211212024
BangorAlternatives Limited Year Ended 31 March 2024 Independent Examiner's ReportTo The Members of BangorAlternatives Limited We report on the accounts of the company for the year ended 31 March 2024 which are set out on pages 8 to 14. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible forthe preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied ourselves that the charity is not subject to audit under Company law. and is eligible for independent examination, it is our responsibility lo.. •examine the accounts under section 65 of the Charities Act: •follow the procedures laid down in the general Directions given by the Chartty Commission for Northern Ireland under section 65191(bl of Ihe Charities Act- and •State whether particular matters have come to our attention. BASIS OF INDEPENDENT EXAMINER'S REPORT We have examined your charity accounts as required under section 65 of the Charities Act and our examination was Carried out in accordan with the general Directions given by the Charity Commission for Northern Ireland undersection 6519)Ib) ofthe Charities Act. The examination included a review of the accounting records kept by the charity and a Gomparison of the accounls presented with those records. It also included consideration ofany unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees conceming any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe: 1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006- 2. That the accounts do not accord with those accounting records- 3. That the accounts do not comply with the accounting requirements of section 396 of the companies Act 2006 and with the methods and principles of the Charities Statement of recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland- 4. That there 15 further information needed for a proper understanding ofthe accounts to be reached. INDEPENDENT EXAMINER'S STATEMENT I can confirm that l am qualified to undertake the examination because l am a registered member of Chartered Accountsnts Ireland which is one of the listed bodies. I have completed my examination and have no concems in respect of the matters11) to14) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawing to your attention. Mr Rodney Hamill Bso FCA HMCI Limited TIA Hamill Mcllwaine 28-30 Old Mounffield Road Omagh BT79 7BJ Date: 1211212024
BangorAlternatives Limited Year Ended 31 March 2024 Statement of Financial Activities (incorporating an income and expenditure account) Total Funds 2024 Total Funds 2023 Unrestricted Restricted Notes Income and endowments from: Donations and legacies Total Income and endowments 26,547 26,547 17,977 26,547 26,547 17.977 Expenditure on: Charitable Activities 126,055) 126,055 (26,0551 {17,631) Total Expenditure (17,631) Net income l (expenditure) for the year Transfers beeen funds 492 492 346 Net movement in funds 10 492 492 346 Reconciliation of funds: Total funds brought fotward Total Funds Carried Forward 4.143 4,143 (3,290) 12,798) 853 1,345 507 853 All income derives from continuing activities, therefore no statement of recogniséd gains or losses is given. The notes on pages 10 to 14 forrn part of these financial statements.
BangorAlternatives Limited Year Ended 31 March 2024 Balance Sheet as at 31 March 2024 Note 2024 2023 Fixed Assets Tangible assets Current Assets Cash at bank and in hand 1,745 1,745 3,925 3,925 Creditors.. amounts falling due within one year NET CURRENT ASSETS 1400) (3,072) 1,345 (8531 NET ASSETS 1.345 853 Represented by.. Unrestricted Funds 11 4,143 12,798> 1,345 4,143 (3.290) (853) RestriGted Fund Forthe year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for.. (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. These financial statements were approved by the members ofthe committee and authorised for issue on the 12th December 2024 and are signed on their behalf by-. Tom Winstone Secretary Company Registration Number.. N1603174 Charity Registration Number- XT026334 1 NIC106266 The notes on pages 10 to 14 form part ofthese financial statements.
Bangor Alternatives Limited Year Ended 31 March 2024 Notes to the Financial Statements 1 COMPANY INFORMATION Bangor Alternatives Limited is an incorporated charity registered in Northern Ireland, with its offices located at, 2 Kilcooley Square, Bangor, Down, BT19 1SH. 2 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation in the preparation of the financial slatements are as follows= a) Basis of preparation The financial statements have been prepared in accordance with AGcounting 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) (effective 1 January 2015)- (Charities SORP IFRS 102), and Ihe Companies Act 2006. b)Preparation of the accounts on a going conGern basis Due to the level of reserves in place the trustees assess that the charity is a going concem. c}Fund Accounting General funds are unrestricted fvnds which are availablè for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. General funds may be transferred to designated funds where Trustees wish to use these funds for a specific purpose. Such funds may be transferred back to general funds once the criteria for the designation have been met or are no longer applicable. Restricted funds are funds which are to be used in accordance with specffic restrictions imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administertng such funds are charged against the speGffic fund. The aim and use of restricted funds is set oul in the notes to the financial statements. Restricted funds may only be transferred to general or designated funds once thè criteria for restrtction have been discharged or no longer apply. d) Income Recognition Policies Items of income are reoognised and included in the accounts when all of the following criteria are met= The charity has entitlement to the funds., any performance conditions attached to the item of income has been met or are fully within the control of the charity. there is sufficient certainty that receipt of the income is considered probable: and the amount can be measured reliably. e} Donated services and facilities In ac¢ordance with the Charities SORP 2015 (FRS 102), the general volunteer time of supporters is not recognised. f) Interest Receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity- this is normally upon notffication of the interest paid or payable by the Bank. 10
Bangor Altematives Limited Year Ended 31 March 2024 Notes to the Financial Statements {continued) 2 ACCOUNTING POLICIES (continued) g) Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity hèadings: Expenditure on charitable activities includes the promotion and development of music and activities undertaken to further the purposes ofthe charity and their associated support costs. h}Cash at bank and in hand Cash at bank and cash in hand includes Gash and short terTn highly liquid investments with a short maturity of three months or less from the date of acquisition or opening the deposit or similar account. il Allocation of support costs Support costs are those functions that assist the work ofthe chartty but do not directly undertake charitable activities. Support costs include back office costs. finance. personnel, payroll and govemance costs which support the Charity's programmes and activities. These costs have been allocated to expenditure on charitable activities. jITangible Fixed Assets Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows= Asset Category: Annual Rate Fixtures & Flttings 25% Straight Line The carrying values of tangible fixed assets are reviewed for impairment when events or circumstances indicate the carrying value may not be recoverable. k} Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discount due. l} Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at Iheir settlement amounl after allowing for any trade discounts due. ml Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic finanGial instruments are initially recognised at transaction value and subsequently measured at their settlementvalue with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constsnt rate calculated using the effective interest method. n)Taxation The company is a registered charity and the charitable tax exemptions are therefore being claimed to the extent that income andlor gains are applicable and applied to charitable purposes only. These exemptions will remain in place as long as income and expenditure is applied to charitsble purposes only.
BangorAlternatives Limited Year Ended 31 March 2024 Notes to the Financial Statements (continued) 3 Income from Donations and Legacies Unrestricted Restricted 2024 2023 Nl Altematives RHACCS 26,147 400 ,547 26,147 400 ,54 17,977 17. 4 Costs ot Charitable Activities by Fund Type Unrestricted Restricted Total funds 2024 Total funds 2023 Charitsble activities 26,055 26,055 17.631 26. 5 Results forthe year The results for the year has been arrived at after charging the following: 2024 2023 Depreciation 1.863 12
Bangor Altèrnatives Limited Year Ended 31 March 2024 Notes to the Financial Statements (continued) 6 Analysis of staff costs: No salaries orwages have been paid to employees, including thè members ofthe committee. during the period. 7 Related Party Transactions During the period Bangor Alternatives Ltd entered into transactions with Northern Ireland Altematives Ltd, a related paty. Amounts due to Nl Altematives Limited at the stsrt of the year had been forgiven and recognised in the Income and Expenditure by reducing the current year Program Costs. At the Balance sheet date the balance owed was £Nil {2023: £2,672). None of the trustees receive remuneration or olher benefit from their work with the charity. 8Tangible Fixed Assets Fixtures & ftttings Total As at 1 April 2023 Additions 7,450 7,450 7,450 7,450 Depreciation As at 1 April 2023 Charge for the year 7,450 7,450 7,450 7,450 Net Book Value As at 31 March 2024 As at 31 March 2023 9 Creditors: amounts falling due within one year 2024 2023 Related paty creditor Accrual 2,672 400 3,07 400 400 10 Analysis of movements in fund5 Opening balance Incoming resources Resources expended Transfer Total funds at between 31 March funds 2024 General fund Restricted fund 4,143 (3,2901 85 4,143 (2,7981 45 26,547 ,547 {26,055) 55 13
Bangor Afternatives Limited Year Ended 31 March 2024 Notes to the Financial Statements (continued) 11 Analysis of net assets between funds Tangible Fixed Assets Net Current Assets Total Unrestricted Income Funds Restricted Funds Total 4,143 2,798 1,345 4,143 2,798 1,345 14
Bangor Alternatives Limited Year Ended 31 March 2024 Management Information The following pages do not form part of the statutory financial statements which are the subject of the independent examiner's Teport on page 7. 15
Bangor Alternatives Limitsd Year Ended 31 March 2024 Detailed Statement of Financial Activities INCOMING RESOURCES 2024 2023 Nl Alternatives RHACCS Total Income 26,147 400 26,547 17,977 17,977 EXPENDrruRE CHARITABLE ACTIVITES Accountancy Programme costs" Depreciation Bank Fees TOTAL EXPENDrruRE 400 15,252 1,863 116 17,631 26,010 45 26,055 NET INCOMING RESOURCES FOR THE YEAR 492 346 "Programme costs have been adjusted for the removal of a related party balance of£2.672 in the year. 16