COMPANY REGISTRATION NUMBER: N1028090 CHARITY REGISTRATION NUMBER.. 107044 Law Centre (N.1.) Company Limited by Guarantee Financial Statements 31 March 2025 Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN
Law Centre (N.1.) Company Llmited by Guarantee Financial Ststements Year ended 31 March 2025 Page Trustees, annual report (incorporating the director's report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) 14 statement of financial position Statement of cash flows 15 16 Notes to the flnancial statements The following pages do not form part of the financial statements Detailed statement of financial activities 31 Notes to the detailed statement of financial activities 32
Law Centre (N.1.> Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) Year ended 31 March 2025 The trustees, who are also the director$ for the purposes of company18w, present their report and the flnancial statements of the charity for tha year ended 31 March 2025 Referpncè and administrative details Registered charity name Law Centre IN.I.I Charlty reglstratlon number 107044 Company reglstratlon number N1028090 Principal offlce and r8glstered State Bulldlngs 2 Arthur Place office 3rd Floor Belfast BTI 4HG The trustees M Anyadike-Danes C Mccauley T Evans E McGuinness P Quirk P Colton J Donaghy M Greene L Hanna M McGuigan (Appointed 15 October 20251 {Resigned 20 August 20251 (Resignod 28 February 20251 Auditor Finegan Gibson Ltd Chartered accountants & slalulory auditor Causeway Tow¢r 9 Jame8 Street South 8elfasl BT2 8DN Bank•rs Unity Trust Bank 9 Brindley PlaGe Birmingham B12HB
Law Centre (N.1.) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continu•dJ Year ended 31 March 2025 Structure, governance and management Key management personnel CEO CEO Director of Legal SeNices Director of Innovation & Engagement Head of Finance & Business Sèivices Head of Migration Justice Head of Social Security Governing doeumeiit Law Centre Nl is a company limited by gLtraranlee and is governed by ils Articles and Memorandum of Association dated June 1994. These are currently under review and will be endorsed at the AGM in January 2026. The Centre is 8 regislergd Charity wllh HMRC and the Northern Ireland Charity Commission. Eddie Lynch (Appointed Jan 20251 Ursula O'Hare IResigned Jan 20251 Samantha Park (Resigned De¢ 20241 Sarah Corrigan Julie Wilkinson Elizabeth Griffith (Jan 20251 Owen McC1061<ey (Jan 2025) Appolntment of trustees The Manageinenl Committee {Boardl, who acts as the directors of the compsny, are elected by the Law Centre members and members may also be co-opted to ensure the Board benefits from a diverse raiige of relevant sl(ills and experience, At 31 st March 2025 the 8oard had 8 members. Trustee Induction and training Training and tsupport to the Board is organised, as required. A register of interests Is also maintained. Arrangements for setting pay and remuneratlon of key management personnel Pay for the senior Staff team is set by the Board in line with NJC scales. Organisation structure and how the charlty makes docisions The Board meets at least 7 limes per year lo set the strategy for the organi$81ion and lo rece5ve reports on the operational activity of the charity including financial reports. An ExeGutive Working Group supports Ilie Board in exercislng 518 duties lo ensure good governance. Trustees give of their lime freely and no trustee received remuneration in the year, A Chief Executive Officer is appointed lo manage the day-lo-day business of Ilie Charity and r&port$ lo tho Board. Rolatlonshlps with rolat6d parties No Iruslee has bonefited Irom their relationship with Law Centre Nl. Law Centre (Nl} is a member of tha Law Centre NeOrk, a UK wide body of law cenlres, Rlsk Managenieiit Tho Iruslees maintain a rSsl< regislor which examine5 the major risks that the organisalion faces In itg operalioiis. There Is a system lo monllor and Control these risks to miligale any impacl that they Could have on the organisalion. R@cruitmeiil and retention remains the bi9gesl risk lo the organisalion and is exacerbated by uncompetitive salary levels, particularly for 8pecialisl legal posts There has also been a significant turnover In the senior Inanagemenl team in the p8$1 year with the CEO. a Director and Head ol Se¢tlon all leaving around the same lime. An interim management glructur@ has been pul in place lo support this transition with a wider managemont reviow planned f¢r 2025,
Law Centre (N.1.) Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2025 Objectives and actlvities The core objectives of Law Centre Nl are.. (11 the relief of persons in necessilous circumstances resident or working in Northern Ireland by providing such persons with legal services or advice upon terms appropriate to their means., 121 lo advance the education of persons resident or working in Northern Ireland. These objectives are primarily promoted through the delivery of a free and independent regional legal advice and assistance service lo members of the public and on referral from advisers as well as legal representation In key areas of sooial welfare law., social security, employment law, asylum, immigration and trafficking law, Other key objectives include.. To progress complex 8nd or strategic cases which make a wider strategic difference to those Ilving In Northein Ireland,, To influonce and develop law, pollcy and practice in our areas of legal practice lo achieve logal 8nd policy outcomes across communities and to help change lives., To increase public awareness and understanding of law through accessible public legal informatioii To promote excellence In the Nl advice sector by supporting the sector with leg81 updates through training, adviser network convenings and quality assurance; To support advisers lo deliv$r gener¥li¥t advi¢e services by providing practitioner information resources tailored lo their work,. To develop the social justice lawyers of th@ future. by providing clinical legal practice opportunities for 51uden15, legal advice apprenticeships and volunteers, To increase the public awareness of the organisalion and the work we do so that people ar& aware of the Law Centre services as the regional law centre in Nl. Stratsgic report The following Sections for achieveinents and performance and financial raview form the strategi¢ report of the charity.
Law Centre (N.1.) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlrector's Report) (¢on¢inuod) Year ended 31 March 2025 Achlevements and performance The Law Centre ha5 experienced a period of significant change in the last year. In January 202 5, we welcomed Eddie Lynch as CFO, followiiig the resignation of Ursla O'Hare, The Board and staff of the Law Centre would likè lo acknowledge and thank Ursula for the sterling contribution she made during her 18 year tenure with the organisalion and most notably acknowledge the leadership and stewardship she brought over the last 8 years as CEO. At the end of January 2025, we also relocated to new premises in Belfast City Centre The relocation provides a long term stability to the organisalio and supports the ongoing growth and needs of the organisalion for the future. The organi5alion has continued lo offer high quality legal advice, advocacy and support lo both members of the public and the front line advice sector over Il1Ss period. Some of the key achievements this year were.. 1 Assisted 3,889 people in respect of their legal needs, which Included providing reprosentation and casework assistance in 1,163 instances, 2. Provided 17,904 pieces of advice to people living in Northern Ire5and In respect of their leg81 enlillements. 3. Secured financial outeomes in excess of £1.9 million for our ¢1Sent$. 4, Delivered e prcgramme of professional learning across all areas of our work that contrlbuted lo increasing the capacity of the iiidependenl advice sector and the wider voluntary and community sector In lolal we provided training lo 589 people 5. Operated an advice Ilne seNice which had over 10.000 enquiries from 5.569 people 6. We produced and h05ted a range of aGcfyssible legal resources and information guides on our website covering all areas of our work. 7. We have seen increased engagement on our website with a total of 41,000 active userg dufing this period. 8. We provided student placement opportunitl¢s lo 18 final yoar Law Students from QLteens University Belfast as part of the School of Law. Clinical Law Programme. 9. AS the convener of Ihg Cliff Edge Coalition we worked to proteGt and extend welfare reform mitigaton$ across Nl, 10. Through our legal and policy work, progressed ch8nge8 in relation to Discretionary Support, Welfare Supplemen18ry Payments and Bereavement Support and secured a commitment from Department for Communities lo review 2700 ¢a¥e$ for polenli81 errors disadvantaging social s&Gurily claimants. 11. Coiiducled public intere81 litigation on soGial seGurily mallors at tho TrSbunal, Commissicnor, High Court and Court of Appeal. 12 Grown the membership of Refugee & Asylum Forum lo more than 100 organisalions. 13. Published two research reports with policy recommendations to address homophoble abuse In
Law Centre (N.1.) Company Limited by Guarantee Trusteps, Annual Report (Incorporating the Director's Report) (conlinuedj Year ended 31 March 2025 asylum accommodation and lo ensure that migrant suNivors of domestic abuse have access to free healthcare. 14, Developed a programme of aclivitieg to support staff well being Full details on all the work achieved by the Law Centre for the period 2024125 Is published in our Annual Impact Reviow. Financial review Tho Law Centre is funded through departmental agencies and a number of philanthropic funders. For this financi*l period deparlmenlal 5UPPQrt accounts for 60D/o of total income and is funded through the Department for Communities. Department for Economy and The Executive Office. Philanthropic funders account for 33Q/o and in¢lude$ support from Tho Oak Foundation, Th8 Legal Education Foundation. AB Charitablo Foundation, the Justice Together Inilialive, ComlG Relief and NalionaS Lollery. Self-generated income accounts for 7 /• ol our income and is achieved through the dellvery of services including training, membership and legal services. A detailed view of the financial statements for the reporting period arfj sel out a¢ross pages 14 - 16. In summary, we are reporting a net surplus of £218,214 with 8 fund balance of £830.126 al 31st March 2025 {2024.' £611,912). After transfers made in year the composite of this balance 1$ unre51ricted £511,846, restricted £240,517 and designated funds £77,763. Funds generated from training continue lo be ring-fenced in a dèsignated fund lo be Ltsed solely for the furtherance and development of trainlng. Thi5 is in accordance with the requirements of current VAT legislation, to ensure that future training income continues lo be exempt for VAT purposes. The total designated fund for training purposes is £64,707. Reserves Pollcy and going concern The Trustee5 recognise th8 need lo ensure an appropi-iale level of reserves lo safeguard th9 charity against any lime 18pse in funding and any further reducllon lo resources. The current policy aims 10 achieve a reserves largel that represents al least 3 months operating Gosts, At the reporting date the 'froo ros&rves' balance (unre8lricled resorves less design31ed r8serv$s less fixed asselsl 15 £480,872, this represents 3.55 month6 operating costs. The reseNes policy is kept under ievi8w and is reviewed annu811y. The TrLlStees have considered golng concern in the preparatlon of these statements and identify no oncerns.
Law Centre (N.1.) Company Limlted by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnuodj Year ended 31 March 2025 Plans for future parlods Over the course of the pa81 year we have continued to progress and develop our work across our three main areas of social securfly, immigi'alion and employment rights. This includes the provision of strategic legal 2dvice and repre5enlalion, as well as continuing lo remain active in promoling individual rights through effectively challenging and advocating for change on government politsy. lo b8n&fit th wider society.we are also in the process of reviewing our organisalional structure lo ensure we will effectively deliver against our strategic p18n priorities in the coming years. Our Mlgralion Jusllce Project commenced a new piece of researGh into Ihe development needs of the community and voluntary sector in relation to providing advice and support lo asylum 3eoker8 in the Belfast City Council area. Our immigration work continues to be in great demand, and it is b6ing conducted in a Sometimes difficult and uncertain political and societal environment. The issue of migration is now one of the top political debates across the UK and we expect our work in the future lo involve significant input inlo 8ny prop05ed policy or legal changes that may impact this cllent group Following a training needs suNey conduct6d with our membership, we are a150 carrylng out a r@V16W of our training oulpul lo ensure it matches the needs and expectations of the advice sector. This als¢ forms part of our response lo the Dopartmont for Communities consultation on tho future of Ihe indeppndent advice and debt sector in Northern Ireland. We are also looking al how we can adopt lo the fast Ghanging technological advancements that are taking place, and in particular how Al can be Lttilised elfeclively in our work going forward. There continues to be huge demand for our support in relation lo social securily matters, with the Government's Green Paper and subsequent changes meaning that Ihare is an increased need for advice. support and infomation lo the advice sector 8cross Northern Ireland, Our Employmont Rights team continues to provide advice and support to client$ who may be at risk of exploilalion at work. We focus our work on the rights of agency, casual and migrant wgrkers and are also involved in identifying cases of people Irafficklng or forced labour in certain industries. W& eonlinue 1¢ monitor the progress of the 'Good Jobs, Employment Rights Bill which is workin9 Its way through the legislative process in the Nl Assembly. Wo will continue lo convene both the R&fuge8 and Asylum Forum and th$ Cliff Edge Coslilion lo ensure th81 many vulnerable citizens have their rights protected and are supported across a range of challenging areas. We also ¢tsntinue to run our Clinical Law Programme with final year Law students al Queen's University Belfast. wliich is 8 strategic project aimed al Incr6asing the number of lawyers lo practice in the social justice arena in th8 future. Trustees, responsibllltlas statement The trustees, who are also directors for the purposes of compaiiy law, are I'esponsible for preparing the trustees, report and the financial st8temen15 in accordance with applicable law and United Kingdam Accounting Standards {Uniled Kingdom Generally Aorepled Accounting Praclicel.
Law Centre (N.1.) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlrector'5 Report) (contlnued) Year ended 31 March 2025 Company law require$ the charity Iruslees lo prepare financial statements for each year which give a true and lair view of the slate of affairs of th@ charitable company and the incoming resources and applicalion of resources, including the income and expenditure, for that period. In preparing tliese financial slalements, the trustees are required to.. select suitable accounting pollries and then apply them consistently., observe the method8 and principles in the applicable Charitles SORP.. make judgments and accounting eslimales that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disGlosed and explained in the financial statements, prep81'6 thè financial statements on the going concern basis unless il Is inappropriate Io presume that the charity will continue in business. The Iruslees ar8 responsible for keeping adequate accounting records that are Suflicienl to show and explain the charity's transactions and dig¢10ge with reasonablo accuracy 81 any lime the finan¢lal position of the charity and enable them to ensure that the financial Statements compty with the Comp•nies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for laklng reasonable steps for the prevention and detection of fraud and other irregularities. Auditor Each of the person8 who 1$ a Irvslee at the date of approval of this report nfIn$ that.. so far as they are aware, there is no relevant audlt information of which the charity'g auditor is unaware., and they have lakon all steps that they ought lo have taken as a trustee lo make themselves aware of any relevant audlt information and lo esl8blish th81 the charity's auditor is aware of that information. The trusleos, annual report and the strategic r¢3port were approv8d on 19 November 2025 and signed on behalf of the board of trustees by: J Donaghy Trustee
Law Centre (N.1.) Company Limited by Guarantee Independent Auditor's Report to the Members of Law Centre (N.1.) Year ended 31 March 2025 Oplrtlon We have audited the fin8ncial statements of Law Centre IN.I,I Ithe 'charity'l for the yèar ended 31 March 2025 which comprise the statement of fin8ncial activities {in¢luding income and expenditure account), statement of financial position, statement of cash flows and the r$latod notes, including a summary of significant accounting policios. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pr8clicel. In our opinion the finan¢i81 slalemenl5, give a true and fair view of thts state of the charity's affa5rs as at 31 March 2025 and of rt8 incoining resources and application of resources, including 113 income and expenditure, for the year tlien ended., have been properly prepared in ac¢ord8nce with United Kingdom Generally Accepted Accounting Practice., have been prepared in a¢cordanGe with the requirements of the Companies Act 2006, Basls for oplnion We condLtcled our audll In accordance with International Standards on Auditing (UK) IISAS IUKII and appliGablo law. OLtr responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We aro independent of the charity in a¢cordance with the elliical requirements that 3re rolevant lo our audit of the financial Staleinents in the UK, inGluding the FRC'S Ethical Standard, and we have fulfilled our other Éthical responsibllities in accordance with these requiromenls. We believe that th6 audit evidence we have obtained is sufficient and appropriate lo provld8 8 basls for our oplnion. Conclusions relatlng to golng concern In auditing th@ financial slatomenls, we have cgnGluded that tho Irustee5' use of the 90ing concern basis of accounting in the preparation of the financial slalements is appropriate, 88$ed on the work w¢ hgvo performed. we have not identified any material uncertainties relating lo events or conditions Ih8t, individually or collectively, may cast significant doubl on the charity's ability lo continue as a going concern for 8 period ¢f al least twelve months from when the financial slalements are aulhorised f¢r issuo, Our responsibililies and the responsibilitie5 of the Iruslees with respect to going concern 8re des¢rlbed in the relevant sections of this report.
Law Centre {N.l.) Company Limited by Guarantee Independent Auditor's Report to the Members of Law Centre (N.1.) feonllrtts•dJ Year ended 31 March 2025 Othèr Information The other information comprises the information included in the annual report. other than the financial statemen15 and our auditor's report thereon. The Iru51ees are responsible for the other information. Our opinion on the financial slalements does not cover the other information and, except to the exlenl otherwise explicitly staled in our report, we do not express any forin of assuranGe conclusion Ihereon. In connecliori with our audit of the financial stalemenls. our responsibility is lo read the ollier infonnalion and, in doing so, consider whether the olher informalion is materially inconsistent with the finaiicial slalemenls or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material in¢onslstencies or apparenl material misslalements, we are required lo determine whether there is a mal$rial misslalemenl in the financial statemen15 or material misslalemenl of the other information. If, based on the work we have performed, we conclude that there is a material mi$8tatement of this other infomalion, we are required lo report that faci. We have nothing lo report in this regard, Oplnlons on other matters prescribad by tho Companles Act 2006 In our opinion, based on the work undertaken in the coutse of the audit: the information given in the trustees, report for the financial year for which the financial statements are prepared Is consistent with the fin8ncial stalgmen15'. and the trustees, report has been prepared in accordance with 8pplicable legal requirements. Matters on whlch we arg required to report by exceptlon In the light of the knowledge and understanding of the charity and ils gnvironmenl obtained in the course cf the audit, we have iiol identifiéd m8ten81 misstalÉm&nls in the trustees, report. We liave nothiiig lo report in respect of the followin9 matters in relation lo which the Companies A¢t 2006 requires us lo report lo you if, in our opinion., adequate accounting records liave not been kept, or relurns adequate for our audit have not beeii received from brancho5 not visited by us., or the fin8nclal slalgmenlg are not in agroernenl wllh the aecounllng record8 and feturn8-, or certain disclosures of trustees. remuneration specified by law are not mado,, or we have not received all th8 information and explanations we require for our audit. Responslbllltles of trust998 As explained more fully in the Iru8tees' responsib51ilies st8lement, the Iruslees (who are a150 the directors for the purposes of company lawl are responsible for tho preparation of the financial stalernents and for being Satisfied Ilial they give a true aiid fair view. and for such internal control as the Iruslees determine is necessary lo enable the preparation of financial statements that are free frorn material misstatement, whether due to fraud or error.
Law Centre (N.1.) Company Llmited by Guarantee Independent Auditorfs Report to the Members of Law Centre (N.1.) (conilnuedj Year ended 31 March 2025 Our responsibility is to audit and express an opinion on the financial slalemen15 in aG¢ordance with applicable law and International Standards on Auditing IUKI Those standards require Lts to comply with the Financial Reporting Council's IFRC'S) Ethical Standard for Auditors,, in the ¢ircumsta n¢es sel out in note 2710 the financial statemenls, In preparing the financial statement5, the trustees are responsible for assessing the charlly's ability to onlinue as a going concern, disclosin9, as applicable, niatters related lo going concern and using the going concern basis of accounting unle55 the IFu51oes either intend lo liquidate the Charity or lo cease operations, or have no realistlc alternative bul lo do so. 10
Law Centre (N.1.) Company Limited by Guarantee Independent Auditor's Report to the Members of Law Centre (N.1.) fcontlnu•d) Year ended 31 March 2025 Audltor's rèspon3ibilities for the audlt of the financial statements Our objectives are lo obtain reasonable assurance about whether Ihe financial statements as a whole 8re free from material misstalemenl. whether due lo fraud or error, and lo issuè an auditor's report that includes our opinion, Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misslalement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggr&gale, they could reasonably be expected lo influenGe the economic deGision$ of users taken on tlie basis of these financial statements. Irregularities, including fraud, are instanGes of non-compliance with laws and regulations, We de$i9n procedures in line with our responsibilities, outlined above, lo detect material misslalemenls iri respect ol irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below, In i¢Jenlifying and assessing risks of material misstalemenl In respecl of irregularities, including ffaud and non-compliance with laws and regulations, we considered the following.. the nature of the industry and sector, control @nvironm@nt and business performance includlng the design of the remuneration policies, key drivers for directors, remuneration, bonus levels and performance largels., results of our enquirie8 of management about their own identification and assessment of the risks of irregularities., any mallers we identified having obtained and revlewed d¢curnentation of their polieies and procedures relating to: identifying, evaluating and complying with 18W8 and regulations and whèther management were aware of any instanres of non-complianc6,' delecling and responding lo the risks of fraud and whether managem¢nt have knowledge of any actual, suspected or alleged fraud.. the internal controls established lo miligale risks of Iraud or non-compliance with l?ws and regulations, the matters discussed among the audlt eng8gemenl team including signlficant component audit teains and rolevanl internal specialists, including lax and valuations specialists regarding how and where fraud might o¢¢ur in tho financial statements and any potential indic8tors of fraud. As a result of these procedures, we ¢onsidered the opportunities and incentives that may exist wllhin the organlsalion for fraud and identified the greatest potential for fraud, In common wlth all audlls under ISAS (UK), we are also required lo perform specific procedures lo respond lo the risk of management override. We also obtained an understanding of the legal and regulatory frameworks in operation, focu8lng on provlsions of those law5 and regulatlDns that liad a direct effect on the delerminalion of material amoLtnls and dlsclosures In the financial stalemerTrts, Tho key laws and regulation5 we considered in this context included ongoing compliance with the UK Companies Act and tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial slalements bul Gompliance with which may be fundamental for their ability lo operate ar to avoid a material penalty 11
Law Centre (N.1.) Company Limited by Guarantee Independent Auditor's Report to the Members of Law C8ntre (N.1.) (conllnuedj Year ended 31 March 2025 As part of an audit in accordance with ISAS (UK), we Èxercise professional judgmerbt and maintain professional scepiicism throughout the audit. We a150'. Identify and assess the risks of material misstatement of the financial statements, whethe¥ d ue lo fraud or error. design and perform audit proceduies responsive to those risks, 8nd obtain audit evidence that is sufficient and appropriato lo provide a basis for our opinion. The risk of not detecting a m8leri81 misslalemenl resulting from fraud is highef than for one re8ultlng from error, as fraud may involve collusion. forgery, intention81 omlssions, misrepr&senlalion8, or the overrtde of intern81 control. Obtain an understanding of internal control relevant lo the audit in order lo design audit procedures that are appropriate iii the circumstances, but not for the purpose of expressing an opinion on Ilie effectiveness of the Internal control, Evaluate Ilie appropriateness of accounting policies used and the reasonableness of accounting eslimales and related disclosures made by the tru51ees. Conclude on the approprialenp3s of the trustees, use of the going Concern basis of 8¢counting and, based on the audit evidence obtained, whelher a material uncertalnly exists related lo ev@nls or conditions that may cast significant doubl on tho charity's ability lo continue as a going concern. If we conclude that a material uncertainly exists. we are required lo draw allenlion in our auditor's report lo the related disclosures in the financial statements or, if such disclosures are inadequate, lo modify ovr opinion. Our conclusions are based on the audit evidence obtained up to the date of our audilorfs report. However, future events or conditions may c8use the charity lo cease lo continue as a going concern. Evaluate the overall presentation, structure and eontenl of the financial stalemenls, including the disclosures, and whether the financial statements represent the underlying transactions and even15 in a manner Ilial achieves fair presentation. We communicate with those Charged with governance regardlng, among other matters, the planned scope and timing of the audit aiid significant audit findings, including any significant deficiencies in internal ¢ontrol that we Identity during our audll, 12
Law Centre {N.l.) Company Limited by Guarantee Independent Auditor's Report to the Members of Law Centre (N.1.) (conilnugdj Year ended 31 March 2025 A5 explained more fully in the Trustees, Responsibilities Slalement {set out on page 61, the Injslees are responsible for the preparation of the financial slal8men15 and for being satisfied that they give a true and lair view. Our responsibility is lo audit aiid express an opinion on the financial statements in accordance with applirable law and International Standards on Auditing (UKI. Those standards require us to comply with the Financial Reporting Coun¢il's {FRC's} Elhic81 Standard for Auditors,, in the circumstances set out in note 27 to the financial slalemants. Use of our T8POrt This report is made solely lo the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Ccmpanies Act 2006. Our audit work has been undertaken so that we might slate to the harity's members those matters we are required lo slate lo them In an auditor's report and for no other purpose, To the fullest extent permilled by law, we do not accept or assume responsibility lo 8iiyone other than the charity and the charily'5 members as a body. lor our audit work. for this report, or for the opinions we have formed, Paul Dolan (Senior Statutory Audilorl For and on behalf of Finegan Gibson Ltd Cliartered acGountants & statutory auditor Causeway Tower 9 James Slreol South Belfast BT2 8DN 19 November 2025 13
Law Centre (N.1.) Company Llmited by Guarantee Statement of Financial AGtlvities (includlng Income and expenditure account) Year ended 31 March 2025 2025 Restricted funds Total funds Total fund5 2024 Ufireslricled funds Noto In¢ome and endowments Donations and legacies Charit8ble aclivities Other trading activities Investment income Other income 1.022 126,746 74,022 5,504 5,004 212,298 1,022 1,450,849 95,369 5,504 5,004 1,557,748 1.203 1,053.153 98.510 4,082 455 1.324,103 21,347 Total income 1,345,450 1,157,403 Expenditure Expenditure on Charllable 8¢1iviti&s Other expenditure Total expendlture 10,11 12 133.933 1.241 1,204,360 1.338,293 1,241 1,339,534 1,124,847 13S.174 1,204,360 1,124,847 Not Incomo 77.124 141.090 218,214 32.556 Tran$fers between fund3 83.288 183.2881 Net movement In funds 160,412 57,802 218,214 32,556 Reconclllatlon of funds Total lund5 brought forward Total funds carried forward 429,197 589,609 182,715 611,912 579,358 611,912 240,517 830,126 The statement of financial activities Include5 all gain3 and10sse8 recognised In the year. All in¢ome and expenditure derive from continuing activitie$, The note$ on pagos 17 to 28 form part of 111980 finan¢lal 8tatomgnt5. 14
Law Centre (N.1.) Company Limited by Guarantee statement of Financlal Posltion 31 March 2025 202S 2024 Noto Flxed assets Tangible fixed assets 18 30,974 24,848 Current assets Debtors Cash at bank and in hand 19 398,002 556,774 395,331 283.983 954,776 679,314 credltors: amounts falllng due wlthin one year Net curront assets 20 155,624 92,250 587,Q64 611.912 799.152 Total assets less Gurront liabiliti93 830,126 83Q.126 Not assets 811.912 Funds of the charlty Reslrieled funds Unrestricted funds 240,517 589,609 182.715 429.197 Total charity funds 23 830,126 611,912 These financial statements were approved by the board of trustees and aulhorised for is$ue cn 19 November 2025, and are signed on behalf of the board by: J Don8ghy Trustee Thg notes on pa9eB 17 to 29 form part of th•$9 fln4n¢lal gtstgments. 15
Law Centre (N.1.) Company Llmlted by Guarantee statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from oporating aGtivities Net income 218.214 32.556 Adjuslmoiits for Depreciation of tangible fixed assets Other Interest receivable and similar Income Loss on disposal of tangible fixed 8ssels Accrued income 7,187 5,5041 1,241 13,4161 10,469 14,082) (17.8041 Chongps in. Trade and other debtors Trade and other creditors .12,672} (138,1641 66,790 110,2581 1125,2831 Cash gener8ted from operations 281.820 Interest received 5,504 4,082 1121.201} Nel cash fromllused in) operating 8ctivili8s 287,324 Cash flows from investing actlvitles Purchase of tangible 8$s6ts Nel cash used in investing activities 114,533) 114,5331 112,081) 112,081) Not Increasel{d8crgase) in cash and cash equlvalents Cash and cash equivalents at beginning of year Cash and cash aqulvalents at end of year 272,791 283,983 {133,282} 417,265 283,983 556,774 Thg notes on poggo 17 to 29 fomi part of the¥9 fin4nclal statemgnls. 16
Law Centre (N.1.) Company Limited by Guarantee Not85 to the Financial Statements Year ended 31 March 2025 General informatlon Th6 charity is a public benefil enlily and a privat¢ Gompany limited by guarantee, reglsiered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is Slate Buildings 2 Arthur Place, 3rd floor, 8elfasl, B T14HG. Statement of compllance These financial statements liave been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic ol Ireland,, the Stal&menl of Recommended Practice applicable lo charit1es preparing their a¢counls in accordance with th& Financial Reporting Standard applicabl£4 in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accounting pollcles Basis of preparation The financial statements have been prepared on the historical cost basis, as modifl¢d by the revaluation of ¢ertaln financial assets and liabililies and inv¢stmènt properties measured at fair value through income or expenditure. The financial slatem8nts are prepared in sterllng, which is the fun¢lional currency of the entity. Going concern There are no material uncertainties about the charity'$ ability lo continue. Judgement3 and key sources of estimation uncertainty The prepar81ion of the financial statements requires management lo make judgements, estimates and assumptions Ihal affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and othor factors, including expectations of future evenl8 that are believed lo be r&asonable under the circumstances. Fund a¢countlng Unreslricted funds are available for tJ5e al the dls¢reilon of thè trustees lo further any of the charity's purposes. Desigiiated funds are unro$lricled funds earmarked by the Iruslees for particular future project or commitment. Restricted funds are subjected lo r@striclions on their exper)diture declared by the donor or through the terms of an appoal, and fall Into one of two sub-classes.. reslrictod income lund$ or endownienl funds. 17
Law Centre (N.1.) Company Limited by Guarantee Notes to the Flnanclal Statements fcontlnuedj Year ended 31 March 2025 A¢countlng pollcles fronlinuedj Iiicoming resources All incoming resources are included in the statement of financial activities when entltlement has p8s$ed to the charity., il is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured, The following specific policies are applied to Perticular categories of income,. income frorn donations or grants is re¢ognised when there is evidence of entlllemenl to the gift, receipt is probable and ils Amount can be measured rellably. legacy income is recognised when receipt Is probable and entrtlemenl is established. incom@ from donated goods is measured al th& fair value of the goods unless Ihls is impractical lo measure reliably. in which case the value is derived from the cost lo the donor or the estimated resale value. Donated lacililie5 and gervices are recognised in the accounts when ieceived if the value can be reliably measured, No amounts are included for Ihe contribution of general volunteers. income from contracts for the supply of services is recDgnised wtth the delivery of the contracted servi¢e. This is classified as unreslricled funds unless there is a contractual requirement for il lo be spent on a particular purpose and returned if unspent, in which case it may be regarded as reslricled. Re8ourc8s expended Expenditure is recognised on an accrua15 basis as a liability is incurred, Expenditure includes any VAT which cannot be fully recovered, and is classified under he8dings of the statement of finanGial aclivi1Ses lo which it relatQS". expenditure on raising funds include5 the costs of all fundraising actlvltios, events, non-charilable trading activitie8, and the $81e of donated goods. gxpendjlure on Gharitible acllvilieg includes all co3ls incurred by a charity in undertaking 8clivilies that further ils ch8rilable aim5 for the benefit of its boneficiaiies, including those support costs and costs relating lo the governance of the charity apportion6d to charitable a¢tivilies. other expenditure Include5 all expendllure that is neither related to raising funds for the charity nor part of ils expenditure on charitable activities, All costs are allocated to @xpendilure categories reflecting the use of the resource Direct costs 8ttribulablo to a slngle actlvlly are allocated directly lo Ih8t aclivily, Shared costs are apportioned between the acllvilies they contribute tc on a reason8ble, ju81ifiable and consistent bagis. Tanglble assets Tangible 855ets are initially recorded al cost, and subsequently stated at cost less any accumulated depreciation and impairment 105s68. Any tangible assets carried al revalued amounts are recorded at the fair value at the dal¢ of revaluation 1888 any subsequent accumulated depreGiatlon and subsequent accumulalod Impairment losses. 18
Law Centre (N.1.) Company Limited by Guarantee Notes to the Financial Statements fcanlinuedj Year ended 31 March 2025 Accounting polleles (conllnuodl Tanglble assets (con¢lnugd) An increase in the carrying amount of an asset a5 8 result of a revaluation, is recognised in other recognised gains and losses, unles5 il reverses a charge for irnpairment that has previously been recognised a5 expenditure within the statement of financial aclivilies. A decrease In the carrying amount of an asset as a resull of revaluation. is re¢ognised in other recognised 9ains and losses, except lo which it offse15 any previous revaluation gain, in which ¢a$e the loss is shown within other recognised gains and losses on the slatement of flnancial activities DeprÈclatlon Depreciation is calculated so as lo write off the cost or v8luation of an asset, less ils resldual value, over the useful economic life of Ihal asset as follows., Compulor Equipment Fixtures and fitting$ Office Equipment 250/0 Straight line 1 OQ/o slraighl line 200/0 61raighl line Impalrment of fixed assets A review for indicators of impairrnenl is carried out at each reporting date. wllh the recoverable arnount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accoidingly. Prior impairments are also reviewed for possible rever$al at each reporting date. For the purposes of impairment l¢sting, when il is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the Lash-generaling unil to which Ilie assel belongs. The cash-gonerating unit is the smallest identifiable group of assets that in¢ludes the asset and generates cash inflows that largely independent of the cash Inflow5 from other assets or groups of a55els For imp8irmenl te$ling of goodwill. the goo¢Jwlll acquired In a business ¢omblnalion 1$, from the acquisltion dale, allocated lo each of the ca5h-generaling units that are expected to benefit from the synergies of tlie combination, irrespecliva ol whether other assets or liabilities of the charlty 8re assigned lo those units. Flnancial Instruments A financial asset or a financi81 li8bllity is recognised only whÉ¥n the charity b8comes a party to the ¢ontra¢lLial prov15ions of the inslrumenl. Basic financi81 Instruments are Initially recognised at the amount receivable or payable including any related transaction ¢o$t$, Current assets and current liabilities are subsequently measurod at the cash or ollier consideration expecl8d lo be paid or recelved and not discounted. Debt instruments are subs8quenlly measured al amortlsed cosl. 19
Law Centre (N.1.) Company Limited by Guarantee Notes to the Financial Statements (conllniicd) Year ended 31 March 2025 AGcounting pollcles {eontlnuédJ Financlal Instriiments (contlnuealj Where investments in shares are publicly traded or their fair value can othemise be measured reliably, the investment is subgequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investmenls are subsequently measured al cost less impairment. Other financial instruments, including derivalives, are inltially recogni8ed at fair value, unless payment for an asget is deferred b8yond normal business terms or financed al a iale of interest that is not a market rate, in which case thè asset is measured al the present value of the future payments discounted al a market rale of interest fg1' a similar debt instrument. Other financial inslruinents are subsoquenlly measured al fair valuo, wSth any Changes recognised in the statement of financial activities, with the exception of hedgin9 instfumenls in designated hedging relallonship. Financial assets that are measur@d al cost or amortised cost are revi8wed for objective evidence of impairment al the end of e8ch reporting date. If there is objective eviden¢e ol impaifment, an impairment loss is recognised under the appropriate h&•ding in the ¥lalement of financial aclivilie5 in whlGh Ihe initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assols are either assessed individually or grouped on the basis of similar credit risk cheraclorislics. Any reversals of impBirmenl 8re recognised immediately, lo the extent that the reversal does not I'esult in a carrying 8mounl of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been re¢ognised. Deflned Gontrlbutlon plans Contributions to deflned contribution plans are recognised as an expense in the period in whlch the r61aled service is provided, Prepaid contributions are reGognised as an asset to the extent that the prepayment will lead to a reduction iii future payments or 8 cash refund. When Gontribulions are not expected to be settled wholly within 12 months of the end of the reportlng date in which the employees render the related service, the liability is measured on a discounted present value basis, The unwinding of the discount is reco9nised as an exp8n5e in the period in which il arises. Llmlted by guarantee Law Centre (Nl) is a private chorllable company limited by guarantee incorporated in Northern Ireland. The registered office Is State Buildings 2 Arthur Place, 3rd Floor, Belfast, Northern Ireland. BT14HG. 20
Law Centre (N.1.) Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2025 Donatlons and1ggaGies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donations 1,022 1,022 1,203 1,203 Charltablo aGtivities Unreslricled Funds Restricted Total Funds Funds 2025 Department for Communities Department for the Economy The Lègal Education Foundatlon The Oak Foundation The Executive Office Comic Relief Grant AB Charitable Trust Justice Together National Lottery Communlly Fund 27.028 488,840 158,280 54,981 168,350 278,302 33,335 515,868 158,260 107.044 176.005 278,302 48,325 25,000 66,S70 75.365 52,063 7,655 15,ODO 25.000 66,670 75,365 1,324.103 126,748 1.450,849 Unrestricted Funds Restricted Total Funds Funds 2024 Departineiil for Coinmunilies Department for Ilie Economy The Legal Education Foundation The Oak Foundation The Executive Office Cornic R&lief Grant AB Charitable Trust Justice Together National Lollery Community Fund 529,356 176,404 3S,872 121,508 11 5,680 529,356 176.404 36,872 121,508 115,680 73,333 73,333 1,053,153 1,053,153 21
Law Centre {N.l.) Company Limited by Guarantee Notes to the Financial Statements fcontlnued) Year ended 31 March 2025 Other trading actlvltlès Unrestrictèd Funds Reslrlcled Total Funds Funds 2025 Fees from associate members Feos frorn full members Training fees Legal costs received Belfast City Council Legal Support Project 3,643 2.281 54,340 13,758 3,643 2,281 54.340 13,758 21,347 21,347 95,369 74,022 21,347 Unreslricled Funds Reslricled Total Funds Fund8 2024 Fees from associate members Fees from full members Training fees Legal costs received Belfast City Coun¢il Legal Support Project 3,663 2.294 45,975 19,050 3.663 2,294 45,975 19,050 6,000 21,528 98,510 6,000 21,528 27.528 70,982 Investment Income Unrestricted Total Fiinds Unrestricted Total Funds Fltnds 2025 Funds 2024 Bank interest receivable 5,504 5,504 4.082 4.082 Other income Unreslrlcled Total Funds Unrastricled Total Funds Fiinds 2025 Funds 2024 Other Income 5,004 5.004 455 455 22
Law Centre (N.1.) Company Limited by Guarantee Notes to the Flnancial Statements fconllnuedj Y8ar ended 31 March 2025 10. Expendlture on charitable actlvitles by fund type Unreslricled Funds Restricted Total Funds Funds 2025 Costs in furtherance of charitable activities Support costs 128.301 5,632 133,933 1,204,360 1,332,661 5.632 1,338,293 1,204,360 Unrestricted Funds Restricted Total Funds Funds 2024 Costs in furtherance of charitable activrties Support costs 102,932 1.017,144 4,771 1,120,076 4,771 1,124,847 102,932 1,021,915 11. Expenditure on charltable actlvltles by actlvlty type Activities undertaken dire¢lly Support costs Total funds 2025 Total fund 2024 Costs in fuithersn¢e of charitable activilie Governance ¢0s1s 1,332.661 1.332,861 5.632 1,120,076 4,771 1,124,847 5,632 5,632 1,332.661 1,338,293 12. Other expendlture Unreslricled Total Funds Unre$tricted Total Funds Funds 2025 Fund8 2024 Lo¥$ on disposal of tanoible fixed asse15 held for ¢h8rily's own use 1.241 1,241 13. Taxatlon The Company is 8 r8glstered charity, and as such is enlilled lo tax exemptlons on income and profit5 in furtherance of the chsrity's prlmsry objeclfves. 14. Net Income Net incorne 1$ Slated after chargingl{crediting)'. 2025 2024 Depreci81ion of tanglble fixed 8ssel Loss on disposal of tangible fixed as$el8 7,1S7 1,241 10,469 23
Law Centre {N.l.) Company Limited by Guarantee Notes to the Financial Statements (Continu Year ended 31 March 2025 15. Auditors remuneration 2026 2024 Fees payable for the audit of the financi81 statements 5,211 4,386 16. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Social securlly costs Employer contributions lo pension plans Other employee benefits 824,539 76,490 51,437 5,000 957,466 758,887 70,996 48,476 878,359 The average head count of employees during the year was 2512024.. 281. No employee received employee b8nefils of more than £60,000 during the year12024- NIII. Key Management Personnel Key management personnel include all persons that have authority and r8sponsibilily lor planning, directing and controlling the activities of the charity, The lolal compensation paid lo key management personnel for services provided to the charity was £329.44712024.'£206.2901. q7. TrLlStee remun8fatlon and expense$ The Charity trustees were not paid or received any other benefits from employment with the Charily in Ilie year12024., £Nill. Thero was no expenses reimbursed to Trustees during the year 12024. £Nill 24
Law Centre (N.1.) Company Limlted by Guarantee Notes to the Flnancial Statements fconllnued) Year ended 31 March 2025 18. Tanglble fixed assets Computer Fixiures and Equiprnenl fillings Office Equipment Total Cost At 1 April 2024 Additions Disposols At 31 March 2025 59.596 7,752 112,7331 54,615 50,030 4,642 (10,2911 44,381 6,595 2,139 1981) 7,753 116,221 14.533 {24,0051 106,749 Depreclatlon At 1 April 2024 Charge for the year Disposals At 31 March 2025 45,847 4,343 {12.3631 37,827 43,885 2,148 {9,600} 36,433 1,641 676 1802} 1,515 91,373 7,167 122,765) 75,775 Carrying arnount At 31 March 2025 1$,788 7,948 6,238 4,954 30,974 Al 31 March 2024 13,749 6,145 24.848 19. Debtors 2025 2024 Trade debtors Prepayments and accrued income Other debtors 18,594 29,528 349.880 109,564 37,913 247,854 395,331 398,002 20. Credltors: amounts falllng due wlthln one year 2025 2024 Trade creditors Accruals and deferred incom Soci81 security and cther taxes Other creditors 43,611 12,282 17,589 82,142 155.624 36,484 16,696 20,066 19,004 92,250 25
Law Centre (N.1.) Company Limited by Guarantee Notes to the Flnancial Statements (eonilnu•d) Year ended 31 March 2025 21. Deferred Income 2025 2024 At 1 April 2024 Amount released lo income Amount deferred in year At 31 March 2025 3,488 13,4881 2,490 2,490 3.595 12,5451 2,438 3,488 22, Pensions and other post rotlrement beneflts Deflned contribution plan8 The amount recognised in income or expendlture as an expense in relation lo dafined contribution plans was £51,43712024. £48,478). 23. Analysls of charltable fund8 Unr6Strlcted funds At 31 March 202 At 1 April 2024 Income Expenditure Transfers General funds Designated Fund Capital assets Designated Training Designdled Allanli Philanlhropie5 356,296 157,958 185,9261 83,518 511,846 52,164 54,340 {41,567} (2301 64,707 20,737 {7,6811 113Jf,1741 13,056 429,?97 212,298 83,288 589,609 Al 31 March 202 Al l April 2023 Income Expenditure Transfers General funds Designated Fund - Capital assets Designaled Training Designated A118ntic Philanthropies 328,502 31.397 {47,243) 43,640 356,298 5,074 56,442 {5,074) 140,5531 45,325 {9,050} 52,164 30,799 {10,062} (102,9321 20,737 420,817 76,722 34,$90 429,197 26
Law Centre {N.l.) Cornpany Limited by Guarantee Notes to the Financlal Statements fcoAtlnu*dJ Year ended 31 March 2025 23. Analysis of cliarltabla funds (coili1ndJ Restricted f unds At 31 Mareh 202 At 1 April 2024 Income Expenditure Transfers Department for the Economy Slralegl¢ Litigation Department for Comniunilies RISP Department for Communities - WRSP Queens University Belfast Department for Communities - SVPR The Legal Education Foundation - Law & Policy The Oak Foundation Community Justice Fund The Legal Education Foundation 8elfasl City Council The Executive Office - MEDF The Executive Office JLtslice Together TEO Immigration Comic Relief National Lottery 144 54,182 158,260 (155,353) (1,933) (54.182) 1,118 370,781 1370.7811 118.059 {118,0591 7,817 21,347 {19,2191 15,3Q31 4,842 11.974 21,447 111.9741 (8,225) 168,350 196.6551 84,917 11,602 12,073 64,981 157,755) {1181 8,828 11,955 53,65G 224,646 86,670 153,726) 1223,8661 180,762) 1701 650 49,254 11301 {1301 63,476 33.335 75,365 18,159) 119,9071 1,345,450 11,204,360) 11,411) 23,785 55,458 182.715 183,2881 240,517 At 31 March 202 At 1 April 2023 Income Expendlture Transfers D&partmenl for the Ecoiiomy Str2tegic Litigation Department for Communitiés- RISP Departnient for Communllie$ - WRSP Queens University Bolfast Department for Communities - SVPR 162 54,182 176,404 1174,7921 11.63CI 144 54,182 373,084 (370,8571 {2,2271 127,545 1127,5261 1191 21,528 17.5171 16,1941 7,817 168 28,727 128,7271 11681 27
Law Centre (N.1.) Company Limited by Guarantee Notes to the Financial Statements {continuedJ Year ended 31 March 2025 23. Analysis of Gharitable funds {contlnuodJ The Legal Eduralion Foundation Law & Policy The Oak Foundation Community Justice Fund The Legal Education Foundation Bellasl City Council The Executive Office - MEDF The Executive Office Justice Together TEO Immigration Comic Relief National Lottery 11,974 27,575 1,103 11,974 21.447 121,508 1123,6461 11,103) (3,990) 5.401 7,843 36,872 6,000 129,8681 11,770) (8Q31 11,602 12.073 40,552 60,000 73,333 15,128 140,867) 152.289) 151,3581 111,795) 115 {8,3041 18,0371 13,3331 593 49,538 63,476 158,539 1.080.681 (1,021,915) 134,590) 182,715 Law Centre Nl are in partnership wllh The British Red Cross for the delivery of Immigration Advice Services in Northern Irelaiid, funded by The Executive Office. I ncomo for this Project was £224k, of which £62k re1318s to Red Cross. Transfers between Reslricled and Unrestricted Fund5 represent management charges reallocated from Restricted Funds to Unreslricled Funds, together with the proportionate share of overhead and administrativ8 costs incurred in delivering activities funded by restricted inGome, 24. Analysls of net assets between funds Unroslrlcled Fund5 Reslrieled Total Funds Funds 2025 Tangible fixed a89013 Current assets Creditors les¥ than l year Net assets 30,974 571,448 175,334) 527,088 30,974 954.776 {155,S241 830,126 383,328 (80,290) 303,038 Unreslrlcted Funds Restricted Total Fund$ Funds 2024 Tangible fixed assets Current assets Creditor5 less tli8n 1 year Net assets 24,848 483,271 178.9221 429,197 24,848 675,314 192,2501 611,912 196,043 113,328) 182,715 28
Law Centre (N.1.) Company Limited by Guarantee Notes to the Financial Stat8ments fconlinued) Year ended 31 March 2025 25. Analysis of changgs in net debt At Al 1 Apr 2024 Cash flows 31 Mar 2025 Cash al bank and in hand 283,983 272,791 558,774 26. Contingencies A contingent liability exi51s lo repay grants and Trust monies received should certain conditions not be fulfilled by the charity In the opinion of the Trustees, the terms of the Lett¢rs of Offers have been, or will be, complied with and no liabllily is expected. 27. Ethlcal standards In common wllh many other businesses af our size and nalLtre we use our auditors lo prepare and submit returns to tho lax authorities and as51St with the prepaialion of the financial slalemenls. 29