Informing Choices Nl (Trading as ICNI) Ltd Company Limited by Guarantee Ststsment of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted fund5 Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities 406 13,360 357.078 357,484 13,360 319,966 6,360 326,326 Total income 13,766 357,078 370,844 Expendlture Expendtture on charitable activities Total expendlture 2,452 345,666 348,118 317,472 317,472 2,452 345,666 348,118 Net Income and net movement in funds 11,314 11.412 22,726 8,854 Reconclllatlon of funds Total funds brought forward Total funds carrled forward 52,272 16,583 68,855 91,581 60,001 68,855 63,586 27,995 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 10 to 17 forni part of these financlal statements.
Informing Choices Nl (Trading as ICNI) Ltd Company Limited by Guarantee ststement of Financial Position 31 March 2024 2024 2023 Noto Current assots Debtors Cash at bank and in hand 14 8,127 100,253 7,855 84,485 108,380 92.340 Credltors: amounts falling due within one year Net current assets 15 16,799 23,485 68,855 68,855 91,581 91,581 Total assets less current liabllities Net assets 91,581 68,855 Funds of the charlty Restricted funds unstrICted funds 27,995 63,586 91,581 16,583 52,272 68,855 Total charlty funds 17 For the year ending 31 March 2024 the charity was entitled to exemption trom audit under section 477 of the Companies Act 2006 relating to srnall companles. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Actwith respect to accounting records and the preparats'on of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 27 November 2024, and are signed on behalf of the boa Dr A Simpson Trustee MrRGow Trustee Tho notes on pages 10 to 17 form part of these financial statements.
Informing Choices Nl (Trading as ICNI) Ltd Company Limited by Guarantee ststement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operatlng activitles Net income 22,726 8,854 Adjustments for.. Interest payable and similar charges Accrued income 79 (3,072) 66 (3,843) Changes in.. Trade and other debtors Trade and other creditors (272) (3,614) 15,847 (5,921) (6,966) (7,810> Cash generated from operations Interest paid Net cash froml(used in) operating activities (79) 15,768 {68) (7,876) Net Increa8elldecrea80) In cash and cash equlvalents Cash and cash equivalents at beginnlng of year Cash and cash equlvalents at end of year 15,768 84,485 100,253 (7,876) 92,361 84,485 The notss on pages 10 to 17 forni part of these financlal statements.
Informing Choices Nl (Trading as ICNI) Ltd Company Limitsd by Guarantse Notes to the Financial Ststements Year ended 31 March 2024 General infomiation The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 3rd Floor, Ascot House, 24-31 Shaftesbury Square, Belfast, BT2 7DB, United Kingdom. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable In the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP {FRS 102)) and the Companies Act 2006. Accountlng policies Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at falr value through income or expenditure. The financial ststements are prepared in sterling, which is the functional currency of the ents-ty. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estlmation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. 10
Informing Choices Nl (Trading as ICNI) Ltd Company Limitad by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Accounting policies (continued) Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it 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 particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded a5 restricted. Resourcos expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement offinancial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aim5 for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic fi'nancial instruments are initially recognised at the amount receivable or payable including any related transaction costs. 11
Informing Choices Nl (Trading as ICNI) Ltd Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 March 2024 Accounting policies fconllnued) Financial Instruments (contlnued) Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significan, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that eXedS what the carrying amount would have been had the impairment nol previously been recognised. Deflned contrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The company is an incorporated company limited by guarantee with charitable status. The liability of the members is limited to £1 per member. 12
Informing Choices Nl (Trading as ICNI) Ltd Company Limited by Guarantaa Notes to the Financial Statements (continued) Year ended 31 March 2024 Donauons and legacles Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donats'ons 406 406 Grants Department of Health Public Health Agency Joseph Rowntree Charitable Trust Joseph Rowntree Charitable Trust (COL) Halifax Foundation Ideas Fund OCN NI 84,324 164,941 58,400 84,324 164,941 58,400 49,413 49,413 406 357,078 357,484 Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donations 699 699 Grants Department of Health Public Health Agency Joseph Rowntree Charitsble Trust Joseph Rowntree Charitable Trust (COL) Halifax Foundation Ideas Fund OCN NI 58,647 159,032 52,685 11,024 500 34,571 2,808 319,267 58,647 159,032 52,685 11,024 500 34,571 2,808 319,966 699 Charitsble activities Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Training 13,360 13,360 6,360 6,360 13
Informing Choices Nl (Trading as ICNI) Ltd Company Limited by Guarantee Notes to the Financial Ststements {contlnued) Year ended 31 March 2024 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Speakeasy Just Ask Sexual Health Information & Advi Advocacy Counselling Masculinity project Menopause project Talk Together Other charitable expenditure 20,697 74,930 65,092 55,459 57,772 3,321 28,737 16,892 22,766 20,697 74,930 65,092 55,459 57,772 3,321 28,737 16,892 25,218 348,118 2,452 2,452 345,666 Unrestricted Funds Restricted Total Funds Funds 2023 Speakeasy Just Ask Sexual Health Information & Advice Advocacy Counselling Masculinity project Menopause project Talk Together other charitable expenditure 27,800 64,641 64,591 57,849 18,716 2,000 10,148 20,520 49,419 315,684 27,800 64,641 64,591 57,849 18.716 2,000 10,148 20,520 51,207 1,788 1,788 317,472 Expenditure on charitable activities by activlty typo Activities undertaken Total funds directly 2024 Total fund 2023 Speakeasy Just Ask Sexual Health Information & Advice Advocacy Counselling Masculinity project Menopause project Talk Together Other charitable expenditure 20,697 74,930 65,092 55,459 57,772 3,321 28,737 16,892 25,218 348.118 20,697 74,930 65,092 55,459 57,772 3,321 28,737 16,892 25,218 348,118 27,800 64,641 64,591 57,849 18,716 2,000 10,148 20,520 51,207 317,472 14
Informing Choices Nl (Trading as ICNI) Ltd Company Limited by Guarantee Notes to the Financial Statements (cofttinuedl Year ended 31 March 2024 Analysis of support costs Other charitable expenditure Totsl 2024 Total 2023 Govemance costs 3,000 3,000 3.600 10. Audltors remuneration 2024 2023 Fees payable for the audit of the financial statements 3,600 11. Independent examination fees 2024 2023 Fees payable to the independent examiner for,. Independent examination of Ihe financial statements 3,000 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 214,654 14,700 4,886 234.240 198,346 11,560 4,513 214,419 The average head count of employees during the year was 8 (2023.. 8). The average number of full-time equivalent employees during the year is analysed as follows.. 2024 2023 No. No. Number of staff No employee received employee benefits of more than £60,000 during the year (2023: Nil). Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for seNices provided to the charity was £98,797 (2023'.£96,801 ). 13. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 15
Informing Choices Nl (Trading as ICNI) Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 14. Debtors 2024 2023 Trade debtors Prepayments and accrued income 6,844 1,283 1,715 6,140 8,127 7,855 15. Creditors: amounts falling due wlthin one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes Other credrtors 8,769 3,446 4,584 8,046 6,518 4,421 4,50Q 23.485 16,799 16. Pen8ions and other post retirement beneflts Deflned contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £4,886 (2023.. £4,513). 17. Analysis of charitable funds Unrestricted funds At 1 Aprll 2023 At 31 March 2024 Income Expenditure General funds 52,272 13,766 (2,452) 63,586 At 1 April 2022 At 31 March 2023 Income Expenditure General funds 47,001 7,059 (1,788) 52,272 16
Informing Choices Nl (Trading as ICNI) Ltd Company Limited by Guarantee Notes to the Financial Statements (c¢)ntlnued) Year ended 31 March 2024 17. Analysis of charitable funds (conunued) Restrlcted funds At 1 April 2023 At 31 March 2024 Income Expenditure Department of Health Public Health Agency Joseph Rowntree Charitable Trust Community Foundation Nl Halifax Foundation Ideas Fund OCN NI 84,324 164,941 58,400 180,538) (164,040) (55,459) 3,786 901 13,344 10,403 6,180 49,413 (45,629) 9,964 16,583 357,078 (345,666) 27,995 At 1 April 2022 At 31 March 2023 Income Expenditure Department of Health Public Health Agency Joseph Rowntree Charitable Trust Community Foundation Nl Halifax Foundation Ideas Fund OCN NI 58,647 159.032 63,709 {58,647) (159,032) (57,8491 {180) (6,500> (30,668) {2,808) (315,684) 4,543 180 6,000 2.277 10,403 500 34,571 2,808 319,267 6,180 13,000 16,583 18. Analysls of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Current assets 63,586 27,995 91,581 Unrestricted Funds Restricted Total Funds Funds 2023 Current assets 52,272 16,583 68,855 19. Analysls of changes in net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank and in hand 84,485 15.768 100,253 17