Company Registration Numbor: N1631839 Community Advice Newry. Mourne & Down (A company limited by guarantse, not havlng a share capital) Annual Report and Audited Financial Statements for the financial year ended 31 March 2024 Daly Park & Company Ltd Chartered Accountants and Registered Auditors 6 Trevor Hill Newry Co. Down BT34 1DN Northem Ireland
Community Advice Newry, Moume & Down {A company limited by guarantee. not having a share capital) CONTENTS Page Reference and Administrative Information Directors, Annual Report ststement of Directors, Responsibilities Independent Auditor's Report 9- 11 Statement of Financial Activities 12 Balance Sheet 13 Notes to the Financial Statements 14-17 Supplementary Infomiation relating to the Financial Statements 19
Community Advice Newry, Mourne & Down {A cornpany limited by guarantee, not having a share capitsll REFERENCE AND ADMINISTRATIVE INFORMATION Directors Paul Kane Clive Wallington Nadine Havem Samuel Mccallister Artur Kmiecik Aoife Downey (Resigned 4 March 2024) Andrew Savag8 (Appointed 16 September 2024) Judith Poucher (Appoinled 16 September 2024) Carol Magee (Appointed 16 September 2024) Micha81 Cl8ments (Appointed 3 June 2024) Cassie Chambers (Appointed 16 Septernber 2024) Chalrper80n Paul Kane Company Reg18tratlon Number Nl831839 Registered Offlce and Prlnclpal Addr888 Ballybot House 28 Comrnarket Newry Co. Down BT35 8BG Northem Ireland Auditors Daly Park & Company Ltd Chartered Accountants and Registered Auditors 6 Trevor Hill Newry Co. Down BT34 1DN Northern Ireland Prlnclpal Bankern First Trust Bank 42-44 Hill Street Newry Co Down BT341AU Northern Ireland Sallcltors Luke Curran & Co. Solicitors 6 Marcus Square Newry Co. Down BT34 1AY Northern Ireland
Community Advice Newry, Mourne & Down {A cornpany limited by guarantee, not having a Share Gapital) DIRECTORS. ANNUAL REPORT for the financial year ended 31 March 2024 The directors present their Directors, Annual Report, combining the Directors, Report and Trustees, Report, and the audited financsal ststements for the financial year ended 31 March 2024. The financial statements are prepared in accordan with the Companies Act 2006, FRS 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charitie6'. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Directors. Report contains the information required to be provided in the Directors, Annual Report under the Statement of Recommended Practice (SORP) guidelines. The directors of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as member6 of the board of trustees. In this report the directors of Community Advi Newry, Moum& & Down present a summary of its purpose, governance, adiviti8s, achi8v8m8nts and finances for the financial financial year 31 March 2024. The company is a registered charity and hence the report and results are presented in a form which complies wlth the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practi (Charities SORP effective January 2015), the organisation has implemented Its recomm8ndalions wher6 relevant in these financial statements. Revlew of Actlvllle8, Achlevements and Perforniance Community Advice Newry Mourne & Down has four key principles which helps us to fulfil our aims., 1. Independent.. We will always act in the interest of our clients, without influence from any other outside Ix)dies. 2. Impartial.. We don't judge our clients or make assumptions aboul them. Our Servi 15 open to everyone, and we treat everyone equally. 3. Confidential.. We won't pass on anything a client tells us, or even if the fact that they visit us, without Ihelr Pemiission. 4. Free.. NOne has to pay for any part of the Servi we provlde. No one else sees so many people with 80 many dlfferent problems, and that glves us a unique insight into the chall8nges people are facing today. Whoever you are, whatever the problem. we are here to help-by phone, by email, online WhatsApp, and in person. Our staff and volunteers see so many p80ple with so many kinds of problems and that gives us a unique insight into the challenges people are facing today. Wlh the right eviden, we Gan show big organisations-from companies right up to local and regional government-how they can make things better for people. We want to see every person in our communty empowered to rnake d8cisions and exercise their rights, where everyone had dignity in living and where all are treated fairly by those holding or exercising power. Our vision and the charllls purpose are.. 1 The protection and preservation of health. 2 The relief of poverty, sickness and distress. 3 The advan¢ern8nt of education. As an organisation we Gontinue lo make progress in providing a searnless customer joumey for members of our local community to access our services through the various channels mentioned above. The past year has been extremely challenging for our clients who were faced with rising inflation and soaring food, energy and housing costs. Many clients experienced financial difficulties, job losses, relationship bre8kdowns, mounting debts and poor fflental health. The strain on household5 was immense and in¢r8asingly people in full time employment came to us for advice. One of the key strengths of the organisation is the availability of inGome maximisation calculations for every client, often this has resulted in some clients re¢8iving benefits which they did not know they were entitled to. We have also supported dients at Tribunal Appeal which has resulted in several back payments for clients who initially had received no award. The total amount of Financial Gain for our clients during this reporting period is £7 million which nol only benefit the individual and their families but also the local community of Newry Mourne & Down. Delivering high quality, holistic inforfflation and advice is crucial in the relief of poverty, sickness and stress. People are coming to us for help with increasingly complex problems and oplions to resolve such issues can be limited. Despite these challenges we are proud to say that our Charity rose to the task. But we cannot do it alone and we know the impact of building and maintaining meaningful partnerships. Collaboration and Partnership working has always been important in the Charity Sector and from COVID and the cosl-ol-living- risis this has become so much more important. One of these partnerships is the Strategic Stakeholder Forum which is the body representing the
Community Advice Newry, Mourne & Down {A company limited by guardntee, not havlng a Share capltsl) DIRECTORS, ANNUAL REPORT for the financial year ended 31 March 2024 community voluntary and social enterprises in Communty Planning within the Newry Mourne & Down District Council area. Other partnerships are The Age Friendly Allian, Wellbeing Action Partnership and The Migrant Forum. Working closely together has seen the development of referral pathways with a wide variety of organisations. Wthout having these referral pathways our clients would not only be worse off financially but many would be struggling mentally. Staff can provide the initial advice, but should on-going support be required we rAn access the pathway very quickly. Examples are Foodbank's, Women's Aid, Training Programmes, Social Prescribing groups. Equally our partners can access our seNices using our Digital Referral System which is on our website. We have also developed good working partnerships with the Multi-DisGiplinary Teams which are based in GP Surgeries across both the Southern and South- Eastem Trusts. This has allowed Social Workers, Health Visitors and District Nurses to refer to our seNices and they often accompany their service users to the appointment as they have a good knowledge of both the seNice user and their families. This partnership has shown with support from the Health Care Professional and Community Advice the dient has reduced stress and anxiety less dependence on drugs and alcohol. I believe the time is right for the Health Servic8 to put long term investment into advice provision and by dolng thi8 money is saved for the health Servi in the long terffl. Thls year has seen an increase in the number of requests from lacal community groups such as Men'8 Sheds, Mental Health Charities. Local Community Groups, SVDP, to deliver presentations on who we ar8 and what we do to help those who most need it in our local community. This has increased awareness of our service not only to those who have attended the sessions, but they have been able to bring Ihe information back to family friends and others in the Gommunity. Many of the groups who we presented to are now using our Digital Referral Pathway. With the ongoing cost-of-living Grisis many organisations have asked us to deliver budgeting sessions to their employees and to their servic8 users. Thes8 $8ssions have been invaluable in passing tips and improving the financial capability of those attending. Throughout the year we have provided staff and volunteers Wlth training which is important for their Continual personal development. Training has been delivered internally and delivered from external organisats'ons. We listen to what our slaff and volunteers require lo a5slst them In delivering a hight quality service. The Trustee Board have actively assisted and worked with the Manager and her leam throughout the year, to assisl in m8king the right things happen for the orgaTbiSation. W)ilst governance is a key area of responsibility, efforts are also aimed al providing leadership using the skill sets that each Trustee brings to the organisation and with the objective of optimising the effectiveness of the organisation. All d8cision6 that are made are fundamental to the service, our clients and staff. One of the key objectives going forward for the Board is the recruitment of new Directors for the Board. In setting Ihe objectives, and for the planning ahead, the Trustee Board have given careful consideralion to the Charity Commission for Northern Irelands guidance on public benefit, lo ensure that the activities have helped to achieve the charity's purpose and provide a benefit for the beneficiarie5. Many thanks to all our Funders who, without their belief in the work thal we do, we would not be able to make an impact on our community. Our core funding comes from Department for Communities and Newry Mourne & Down District Council. They have supported us in the delivery of the Debt Project, Welfare Reform, Tribun81 Representslion and Generalist Advice & Information. We secured funding from Southern Health & Social Care Trust which allowed us to support clients in rural isolated communities. Funding was also seGured from the Southem Public Health Agency for our Advi 4 Health project which allows us to support patients and slaff in Daisy Hill Hospital. Part of this funding also goes towards AdviGe 4 Health clinics for Ethnic Minority & Migrants including Travellers living in the Newry & Moume Area. The other part of this funding provides terrninally ill patients and their families in the Southern Area Hospice to receive support and advice in the Hospice. As part of the pilot for the Social Supermarkel we received funding as part of the wraparound service. We provided additional advice hours and secured £23,000 in unclaimed benefits for those who used the Social Supermarket. Under the UK Levelling Up Funding in partnership with Southern Regional College, Clanrye Group and Wom8n's Aid the project Employ Me was developed and we have received £24 for a two-year period. I would like to thank the Board for their support and guidance during 2023124 involving many meetings and zoom calls. We have an exlIent Board with each Director bringing a wealth of experience to the table and they all volunteer their time and commitment in supporting the Team and rnyself in helping to achieve the objectives of the organisation. Our staff and volunteers despite the ongoing challenges of increasing demand and complexity of client need have the most incredible knowledge, skills, experience, commitment and caring attitude. I couldn't ask to be surrounded by
Community Advice Newry, Mourne & Down {A company limited by guarantee, not having a share capitsll DIRECTORS, ANNUAL REPORT for the financial year ended 31 March 2024 a more amazing team, and I thank you all. Finally, we know that challenges for members of our community will continue beyond 2023124, but I fe81 confident that as a Servi we will be here to support them in any way we can. Rosemarie Mc Donnell CEO Community Advice Newry Mourne & Down Flnanclal Review The financial statements are presented in the standard forrnat required by the Companies Act 2006 and the Charities SORP. The Slatement of Financial Activilies (SOFA) shows the gross income from all sources. Flnanclal Results At the end of the financial year the company has assets of £419,218 (2023 - £384,492) and liabilities of £14,947 (2023 - £775). The net assets of the company have increased by £20,554. Directors The directors who served througttout the financial year, except as noted, wer8 as follows: Paul Kane Clive Wallington Nadine Havern Samuel Mccallister Artur Kmiecik Aoife Downey (Resigned 4 March 2024) Andrew Savage (Appointed 16 September 2024) Judith Poucher (Appointed 16 September 2024) Carol Magee (Appointed 16 September 2024) Michael Clements (Appointed 3 June 2024) Cassie Chambers (Appoint8d 16 September 2024) In accordance with the Artlcles of Association, the diredors retire by rotation and, being eligible, offer themselves for re-electlon. Compllance wlth Sector-wide Leglslatlon and Standard8 The company engages pro-actively with legislation, stsndards and codes which are developed for the sector. Community Advi Newry, Mourne & Down subscribes to and is compliant with the following= The Companies Act 2006 The Charities SORP (FRS 102) Publlc B8n&fit statement In setting our objectives and plannlng cur activities for the year the trustees have given careful consideration to the Charity Commission for Northem Ireland's statutory guidan on public benefft to ensure that the activities have helped achieve the charity purposes and provide a benefit to the benefiGiaries. Chalrmans Report The Board of Directors of Community Advice Newry Moume and Down would like to express thanks to the outgoing Chief Executive, Rosemarie McDonnell for her outstanding service to Community AdvirA for over a decade in this role. Her energy, posiiivity, knowledge and human empathy have helped put whal was a newly merged organisation into a leading cornmunity advice hub, a focal point for our citizens. In addition, we would wish to welcome the incoming Chief Executive, Kellie Murray and offei her our full support in the years ahead. Thanks, must also go to Anne Burns and her new supervisory team for their sterling work to date and for enthusiastically taking up the challenges which they will face in the years ahead. The work of the management and supeNisory team has been made easier by the staff and volunteers who deliver, without stint, an exceptional SeN1 and who have helped our community find a path through what was On again the most challenging of years. As Chair I would personally wish lo thank the whole of the Board who have voluntsered their time and expertise not only to attend Board meetings but to undertake a variety of other duties, often unseen, without which we could not have functioned effectively as a Board. It is most encouraging to see that at the end of this year we have added additional members of high quality and experien to our ranks. Vvhilst the worst of the COVID-19 infection 15 V11 behind us, some of the longtail consequences linger on to afflict our population. Long term physical and mental health issues persist and were added to by COVID.
Community Advice Newry, Mourne & Down IA company limited by guardntee. not having a share capitsll DIRECTORS. ANNUAL REPORT for the financial year ended 31 March 2024 The stark reality of the cost-of-living crisis. caused by a multitude of factors, has continued_ The manifeslations-a decline in real incornes for many. high fuel. heating and food costs, rising rents and accommodation shortages- still remain, and seek to squeeze the very soul out of our community. It 15 Ftoped that a return to regional strategic political leadership will go some way to ameliorate this situation. However, Newry Mourne and Down is a resilient and inherently caring community. This resilience has been contributed to by the work of Community Advi who have continued to give free, independent, confidential and impartial advi and advocacy, accessible to everyone across the whole of the council area. This seNice has been delivered in ever new and imaginative ways to an even great8r number of clients whilst having at its core a one-lo- one, fa-to-faCe relationship, so key to client Confiden and organisational success. It is worthwhile noting that this year trends noted last year have continued. One such trend has been the grovAh in inter-related issues being presented by clients. No longer do clients present with one standalone issue,. rather Ihey often present with complex issues which stretch and challenge our response. Another trend has been the increase in issues which may not be perceived by others as typical of our work. Hence whilst the issues of welfare benefits are still of major significance, around foty percentage of issues presented by clients are non- benefits issues. A final trend worth recording has been the growth in cross-bord8r issues often related to people working in two legal and political jurisdictions, made more problematlc by Changes in tsxation policles which hav6 hit hard both ¢ross-border workers and employers. One measure of the success we have had in dealing with the above is the financial gain obtalned for our Glienls. Over £7 million in gain has gone directly to them, and indirectly to the Gommunity, in addition to over £2 million in debt resolution by Money Adviser. Another measure has been the overwhelming positive feedback which we have received from those clients who w8 hav8 had the pleasure to help and in so doing have reduced th8 stress in their lives. Community Advice does not work in isolalion. Wilhout our funders, including the Department for Communllles, Newry Mourne and Down Council, Southern Regional Health Trust, the Public Health Agency, the Money and Pensions Service and the many private donors, we Simply could not have delivered our sep11 lo Ihe community. In the year ahead we will continue to work closely with them and seek their ongoing support and understanding. Likewlse, w8 will continue to join with our sisler community and statutory organisalions to help deliver an increasingly linked up service lo and for all. This r6POrt will detail what we have done and for whom we hav8 done it. It will help demonstrate an organlsation that has shown flexibility and responsiveness,. an organisation that has shown that it not only uses it8 head but also lislens to ils heart,. an organis8tion that has visibly contnbuled to the resilien of th6 community, a community in which it is firmly anchored,. an organisation which has added significantly to the monetary value of that community: an organisation whose people are fully committed to its Vision, Mission and Values. The financial staternents are prepar8d in accordance with the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and accounling and reporting by the Charities Statement of Recommended Practice applicable lo charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. In this report the Dlrectors of Community Advice Ne Mourne and Down present a summary of its purpose, governance, activities, achievements and finances for the financial year. Paul Kane Chair of Board ofTrustees The Auditors The auditor5, Daly Park & Cornpany Ltd, (Chartered Accountsnts) have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2CO6. Approved by the Board of Director8 on 13 December 2024 and slgnad on Its behalf by: Paul Kane Director Clive Wallington Director
Community Advice Newry, Mourne & Down IA cornpany limited by guarantee, not having a share capital) STATEMENT OF DIRECTORS, RESPONSIBILITIES for the financial year ended 31 March 2024 The directors are responsible for preparing the finanaal statements in accordan with applicable law and regulations. Company law requires the dir8Ctors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with Uniled Kingdom Generally Accepted Accounting Pra1 (United Kingdom Accounting Standards and applicable law) including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company law the direclors must not approve the financial ststements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the net income or expenditure of the company for that period. In preparing these finanaal statements, the directors are required to: select suitable accounting policies and apply thern consistently., obseNe the methods and principles in the Charities SORP make judgements and accounting estimales that are reasonable and prudent-, state whether the financial statements have been prepared in accordancè with applicable a¢¢ounting standards, identify those standards, and note the effect and the reasons for any malerial departure from those standards., and prepare the financial stalements on the golng concern basis unless It Is inappropriate to presume that the company will continue in operalion. The directors are responsible for keeping adequate accounting records thal are sufficient to show and 8xplaln the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Acl 2006 and. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detedion of fraud and other irregularilies. In so far as the dlrectors are aware,. there is no relevant audit information IlnfoTmation needed by the company's auditor In connection with preparfng Ihe auditor's report) ofwhich the company's audltor is unaware, and the directors have taken 811 the steps that they ought to have tak8n as directors In order to make Ihems81ves aware of any relevant audit information and to establish that the Gornpany's auditor is aware of that information. Approved by the Board of Oirector8 on 13 December 2024 and slgned on It8 behalf by: Paul Kane Dlrector Clive Walllngton Director
INDEPENDENT AUDITOR'S REPORT to the Members of Community Advice Newry. Mourne & Down IA Gompany limited by guarantee, not having a share capital) Report on the audit of the finanGial statements Opinion We have audited the company financial slaternents of Community Advice Newry, Moume & Down fthe company,) for the financial year ended 31 March 2024 which comprise the Statement of Financial Aclivities (incorporating an Income and Expenditure Account), the Balance Sheet and notes to the financial stslements, including the summary of significant accounting policies set out in note 2. 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" and Accounting and Reporting by Charities.. statemenl of Recommended Practice applicable to charities preparing their accounts in accordan with FRS 102. In our opinion, when reporting in accordance with a fair presentation framework the financial statements-. give a true and fair view of the slate of Ihe company's affairs as at 31 March 2024 and of its surplus for the financial year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charitie8 Act (Northern Ireland) 2008. Ba616 for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditols responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe that the audit evidence we have obtained is suffiuent and appropriate to provide a basis for our opinion. Concluslon8 relatlng to golng con¢orn In auditing the financial statements, we have concluded that the directors, use of the going concem basis of accounting In the preparation of the financial statement8 is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from the date when the fin8nGial ststem8nts are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to golng concem are described in the relevant Sections of this report. Other InformatSon The other information comprises the infomiation included in the annual report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial 51atements does not cover the other informalion and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is malerially inconsistent with the financial slatements or our knowledge obtained in the course of the audil, or otherwise appears to be rnaterially misstated. If we identify such rnaterial inconsistencies or apparenl material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude Ihal there is a material misstatement of this other information, we are required lo report that fact. We have nothing to report in this regard. Opinion on other matter prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the DireGtors' Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements- and the Directors, Annual Report has been prepared in accordance wilh applicable legal requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of Community Advice Newry, Mourne & Down IA company limited by guarantse. not havin9 a share capital) Matters on which we are required to report by exception In the light of our knowledge and understanding of the Gompany and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors, Annual Report. We have nothing to report in respect of the following matters where the Cornpanies Act 2006 requires us to report to you if, in our opinion- adequate accounting records have not been kept,. or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of directors, remuneralion specified by law are not made., or the directors were not ents'tled to prepare the financial ststements in accordance with the small companies regime and tak8 advantsge of the small companies, exemption in preparing the Directors, Annual Report. Responsibilities of directors for the financial 8tstements As explained more fully in the Statement of Directors, Responsibilitie5 set out on page 9, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statefflents that are free from material misstatement, whether due to fraud or error. In preparing the finanaal 5tatemenls, the directors are responsible for a56essing Ihe COMpanS ability to continue as going GOnrn, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless management either intend5 to liquidate the company or to cease operations, or has no realistic alternative bul to do so. Audltorfs responsibllltl8s for the audit of the financial 8tatements Our objectives are to obtain reasonable assuran about whether Ihe finanrial stalemenls as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that indudes our opinion. Reasonable assurance is a high level of assuran. but is not a guarantee Ihal an eudit conducted in accordance with ISAS IUKY will always detect a material mi6Statement when it exists. Misstatements can arise from fraud or error and are considered material if, indlvidually or in Ihe aggregate, they could reasonably be expected to influence the economic dedsions of u8er8 taken on the basis of these financjal statements. Irregularities, including fraud, are Instance8 of non-compllance wlth laws and regulations. We deslgn procedures in line with our responsibilities, outlined above, to detect matertal misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularilies, including fraud is detailed below.. Further Information regarding the 8cope of our rpOnSIbl11t1eS as audltor As part of an audit in accordance wilh ISAS (UK), we exercise professional judgement and maintain professional s¢eplicism Ihroughout the audit. We also.. Identify and assess the risks of material misstatement of the finanaal statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit eviden that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omission5, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevanl to the audit in order to deslgn audit procedures that are appropriate in the circumstanc8s, but not for the purpose of expressing an opinion on the effectiveness of Ihe company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disdosures made by directors. Conclude on the appropriatene86 of the directors, use of the going Canrn basis of aCuntIng and, based on the audil evidence obtained, whelher a material uncertainty exists relaled to evenls or condib'ons that may casl significant doubt on the company's ability to continue as a going concern. If we condude that a material uncertainly exists, we are required to draw attention in our Audito¢s Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our GonGlusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the the company to ase to continue as a going concern. Evaluate the overall presentation, structure and content of the finanGial statements, including the disclosures, and whether the financial statements represenl the underlying transactions and events in a manner that achieves fair presentstion. 10
INDEPENDENT AUDITOR'S REPORT to the Members of Community Advice Newry, Mourne & Down IA company limited by guaiantee, not having a share capiLIll We comlnunicate with those charged with governance regarding, among other matters. the planned scope and timing of the audit and significant audit findings, including any significanl defficiencies in intemal control that we identify during our audit. The purpose of our audit work and to whom we owe our re5ponslbllltle3 This report is rnade solely to Ihe Gompany's members, as a body, in accordance with Chapter 3 of Part 16 of the Compani8s Act 201A. Our audit work has been undertaken so that we might state to the companvs members those matters we are required to slate to them in an audito¢s report and for nc other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone Qther than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have forrned. Darragh Co r (Senior Statutory Auditor) for and on behalf of DALY PARK & COMPANY LTD Chartered Accountants and Registered Auditors 6 Trevor Hill Newry Co. Down BT34 1DN Northern Ireland 13 December 2024
Community Advice Newry, Mourne & Down IA company Ilmited by guarantee, not having a share ¢apitall STATEMENT OF FINANCIAL ACTIVITIES Ilncorpordting an Income and Expenditure A¢counti for the financial year ended 31 March 2024 Unrestricted Funds 2024 Total Unrestricted Funds Funds 2024 2023 Total Funds 2023 Note8 Incomlng Resources Voluntary Income Other income 27,943 556,223 27,943 556,223 1,863 652,309 1,863 652,309 Total incomlng resource8 584,166 584,166 654,172 654,172 Resources Expended Raising funds 563.612 563,612 638,076 638,076 Net Incomingloutgolng resource8 before transfers 20,554 20,554 16.096 16,096 Gross transfers beeen funds Net movement In funds for the financlal year 20,554 20,554 16,096 16,096 Reconcillation of fund8: Total funds beginning of the year 12 383,717 383,717 367,821 367,621 Totsl fund8 at the end of the year 404,271 404,271 383,717 383,717 The Statement of Financial Activities includes all gains and losses re¢ognis6d in the financial year. All Income and expenditure relate to continuing adivities. The notes on pages 14 to 17 form part of the financial slalements 12
Community Advice Newry, Mourne & Down {A company limited by guardntee, not havlng a Share Gapital) Company Number- N1631839 BALANCE SHEET as at 31 Mah 2024 2024 2023 Fixed Assèts Tangible assets 2,866 3,828 Current Assets Debtors Cash at bank and in hand 94,911 321,441 225,988 154,676 416,352 380,664 Credltor8: Amount8 falllng due wlthln one year 10 (14,947) (775) Net Current A880ts 401,405 379.889 Totsl Assets less Current Llabllltle8 404,271 383,717 Funds General fund (unrestricted) 404,271 383,717 Total fund8 12 404,271 383,717 These finan¢i81 statements have been prepared in accordance wlth the special provisions relating to small companies within Part 15 ofthe Companies Act 2006. Approved by the Board of DlrectOT8 and authorlsed for188ue on 13 December 2024 and slgned on Its behalf by Paul Kan Director Clive Wallington Dlrector The note5 on page5 14 to 17 fomi part of the financiol slalernents 13
Community Advice Newry, Mourne & Down IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMATION Communty Advi Newry, Mourne & Down is a company limited by guarantee incorporated in Northern Ireland. The registered Offi of the company is Ballybot House. 28 Cornmarket, Newry, Co. Down, BT35 8BG, Northem Ireland which is also the principal place of business of the company The financial statements have been presented in Pound Sterling (£) which is also the fundional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following aOUnting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial ststements. ststement of compllance The financial statements ofth8 company for the finanual year en(Jed 31 December 2017 have been prepared on the going ¢oncern basis and in accordance with the Staternent of Recommended PractiGe (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland FRS 102.. Cash flow 8tatement The company has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement because it is classified as a small company. Incomlng Re80urce8 Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled to it, its finanaal value can be quantified with reasonable Gertainty and there is rea60nable Gertainly of its uttimate receipt. Entitlement to legacies is considered established when the company has been notified of a dislribution to be made by the executors. Income reiVed in advance of due performance under a contract is account8d for as deferred income until eamed. Grants for activities are recognised as Income when Ihe related Condilions for legal enlitlement have been met. All other income is accounted for on an accruals basls. Re8ource8 Expended All resources expended are accounted for on an accruals basis. Charitable activities include costs of ServIS and grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non-slaff costs not attributed to one category of activity are allocated or apportioned pro-rata to the staffing of the relevant service. Finance, HR, IT and adminislrative staff cos15 are diredly attribulable to individual activities by objeGtsv8. Governance costs are those associated with constitutional and slatutory requirements. Tangible flxed assets and depreclatlon Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated lo write off the original cost or valuation of langible fixed assels, less their estimated residual value, over thelr expected useful lives as follows.. Fixtures, fittings and equipment 25¥0 Reducing balance Debtor5 Debtors are recognised at Ihe settlement amount due after any discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. Income recognised by the company from government agencies and other co-funders, but not yet received at year end, is included in debtors. Cash at bank and In hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. The Chatity is exempt from lax. 14
Community Advice Newry, Mourne & Down IA company limited by guarantee. not having a Share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financbal year ended 31 March 2024 INCOME DONATIONS AND LEGACIES Unrestrlctsd Restricted Funds Funds 2024 2023 FundraisinglDonations 27,943 27,943 1,863 OTHER INCOME Unrestrlctsd Restricted Funds Fund8 2024 2023 Grants 556,223 556,223 652,309 EXPENDITURE RAISING FUNDS Dlrect Costs other C08ts Support Costs 2024 2023 Administrative Expenses 448,089 115,523 563,612 838,076 NET INCOMING RESOURCES 2024 2023 Net Incomlng Resource8 are 8tated after charglngl(credltlng): Depreciation of tangible assets 962 1,281 INVESTMENT AND OTHER INCOME 2024 2023 Bank interest 510 EMPLOYEES AND REMUNERATION Nurnr of ernployee8 The average number of persons employed (including executive directors) durlng the financjal year wa5 a8 follows.. 2024 Number 2023 Number Administration 22 22 The staff costs cotnprise.. 2024 2023 Wages and salaries Pension costs 448,089 23,438 505,489 26,109 471.527 531,598 15
Community Advice Newry, Mourne & Down {A cornpany limited by guarantee, not having a Share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2024 TANGIBLE FIXED ASSETS Fixiures, fittings and equipment Totsl Cost At 31 March 2024 45,442 45,442 Depreciation At 1 April 2023 Charge for the financial year 41,614 962 41,614 962 At 31 Mah 2024 42,576 42,576 Net book value At 31 March 2024 2,866 2,866 At 31 March 2023 3,828 3,828 DEBTORS 2024 2023 Trade debtors Other debtors 800 94,111 800 225,188 94,911 225,988 10. CREDITORS Amounts falllng due wlthln onè year 2024 2023 Trade creditors Taxation and social security costs Accruals and deferred income 152 14,641 154 510 265 14,947 775 11. RESERVES 2024 2023 At the beginning of the year Surplus for the finanaal year 383,717 20,554 367,621 16,096 Al the end of the year 404,271 383,717 16
Community Advice Newry, Mourne & Down IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2024 12. FUNDS 12.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted Funds Totsl Funds At 1 April 2022 Movement during the financial year 367,621 16,096 367.621 16,096 At 31 March 2023 Movement during the financial year 383,717 20,554 383,717 20,554 At 31 March 2024 404,271 404,271 12.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 Aprfl 2023 Income Expendlture Transfers between funds Balance 31 March 2024 Unre8trictsd funds Unrestricted Income and Expenses 383,717 584,166 563,612 404,271 Total fund8 383,717 584,166 563,812 404,271 12.3 ANALYSIS OF NET ASSETS BY FUND Flxed assgts - charlty uso Current a$8et8 Current Ilabi14tle$ Total Unrestricted general fvnds 2,866 416.352 (14,9471 404,271 2,866 416,352 (14,9471 404,271 13. STATUS The company is limited by guarantee not havlng a Share capital. The liability of the members is limited. Every rnernber of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one year thereafter. for the payment of th8 debts and liabilities of the cornpany contraGted before they ceased to be fflembers, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as m8y be required, not exceeding £ 1. 14. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 17
COMMUNITY ADVICE NEWRY MOURNE & DOWN IA company limitsd by guarantse. not having a share capltsll SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 NOT COVERED BY THE REPORT OF THE AUDITORS 18
Community Advice Newry, Mourne & Down (A company limited by guarantee, not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 March 2024 2024 2023 Income 583,656 654,172 Expenses Wages and salaries Staff defined contribution pension costs Staff training Rent & Service charges Insurance Printing & stationery Advertising Telephone Computer costs Travel & Training Legal and professional Audit Fees Bank charges General expenses Subscriptions Depreciation 448,089 23,438 1,872 40,644 9,416 2,247 3,833 829 3,778 7,486 5,267 2,476 646 5,323 7,306 962 505,489 26,109 1,098 25,781 8,145 5,367 22,979 3,725 7,599 10,406 6,300 2,400 306 9,116 1,975 1,281 563,612 638,076 Ml6cellaneou8 Income Bank interest 510 Not 8urplu8 20,554 16,096 The supplementary information does not form part of Ihe audited financial statements 19