PUBLIC POLICY FORUM NI LIMITED (PIVOTAL) FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Registered Charity No: NIC108659
DRENNAN Independent examinerfs report to the charlty trustees of the Publlc Pollcy Forum Nl Ltd Charltable Companv I report on the ac¢ounts of the company forthe year ended 31 March 2024. Respective responslbllltles of ¢harity trustees and examlner As the charity trustees land the dlrettors of the company for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companie5 Att 2006. Having satisfied myself that the charity is not subject to audit under company law as the charity is a small company charity, it is exempt from audit in accordance with settion 477 of the Companles Att 2006, and is eligible for independent examination, it is my responsibllity to.. examlne the accounts under section 65 of the Charities Art follow the procedures said down in the 8eneral Dire¢tions given by the Charlty Comrnlsslon for Northern Ireland under settlon 6519}Ibl of the Charities Act state whether matters have come to my attentlon. in Basls of Independent examlnerfs report I have examined your charity accounts as required under sertion 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Comrnisslon for Northern Ireland under settion 65(9llbl of the Charitles Act, The examlnatlon included a review of the accounting records kept by the charity and a cornparison of the accounts presented with those records. It also included consideration of any unusual Items or disclosure5 in the accounts and seeklng explanatlons from you as charlry trustees concerning any Such matters. 07730 309081 nlo ft k¢iiondi"enncinl)Ins.c.om
My role is to state whether any materlal rnatters have come to my attention giving rne cause to beliéve: l. That accountlng records were not kept In accordance with 5ectlon 386 of the Companles Att 2006 2. That the accounts do not accord with those accounting records provided, 3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Att 2006 and wlth the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland 4. That there is further Information needed for a proper understandlng of the accounts to be reached. Independent examlnerfs statement I have completed my examination and have no concerns in respect of the matters111 to141 listed above and, in connectlon with following the Directions of the Charity Cornmlssicn for Northern Ireland, I have found no matters that require drawing to your attention. The accounts have been prepared uslng the accrual method. This report is made 501ely to the charitable companls members, and work has been undertaken to that I mi8htstatetothe charitable company's rnembers those matters which are required to st3te to them in this report and for no other purpose. To the fullest extent perrnitted by law, I do not accept or assume responsibility to anyone other than the charitable compan$ members and the charitable company's members as a bodyi for this report, or for the opinion51 have formed. Karen Drennan Karen Drennan Business Management Servlces Chartered Accountant 101 Killinchy Road Comber BT23 SNE IOJunÉ 2024
PUBLIC POLICY FORUM NI LIMITED- PIVOTAL STATEMENT OF FINANCIAL ACTIVITIES AS AT31 MARCH 2024 Total Funds 2024 Note Unrostrieted Restrieted Income from: Donation5 aiid legacics Other Trading Activities Investments 100,000 37.307 100,000 37J07 Total Ineome 137J07 137J07 Expenditure on: Raising Funds Oth¢r Trading A¢tiviti¢s 144,669 144,669 Total ExpeDditure 144,669 144,669 Net {Expenditure)/Income (7,362) (7a62) RèeoneiIiation of funds: Total funds brought forward 58,928 58,928 Total funds carried forward Sl,566 51,566
PUBLIC POLICY FORUM IYI LIMITED - PIVOTAL INCOME AND EXPENDITURE ACCOUNT AS AT 31 MARCH 2024 Total 2024 Total 2023 Income Interest and investment income 137,307 86.525 Gross income 137,307 86,525 Expenditure 144,669 95,854 Total expenditure 144,669 95,854 Net income (7,362) (9.329)
PUBLIC POLICY FORUM NI LIMITED- PIVOTAL BALANCE SHEET AS AT31 MARCH 2024 Note 2024 2023 Fixed Assets Tangible assets Current *ss¢ts Other DebtOTS Cash at bank and in hand 15 7,053 46,664 53,717 7,053 54.064 61,117 Creditors: Amounti fAlling duewlthin oneyeAr 16 {2,151} (2.189) Net eurrent gssets 51,566 58.928 Creditors. Amounts falling due after mort than one year A7 Net assets 51,566 58,928 Charity Funds Restricted fLLnds Unrestricted funds 19 19 51,560 58.928 51,566 58.928 These financial stmentS have been prepared in accordan¢e with the special provision5 for small companies under Part 15 of the Companies Act 2006. These financial statements on the following pages wer¢ approved by the Tntstees and authorised forissueon 11 2ol(F Trustee Trustee Th¢ notes on the following pages fomi part of these financlal Siatements. Company Registration Number: Nl 656617
PUBLIC POLICY FORUM NI LIMITED- PIVOTAL STATEMEiYT OF CASH FLOWS AS AT 31 MARCH 2024 Note Total 2024 Totsl 2023 Cash flow frnm operating activities 21 {7,362) (9J29) Net cash now from op¢rating activities (7,362) {9?29} Changes fin: Trade and other debtors Trade and other Creditors 947 (1060) (38) Net eash tloiv from operAtRng activities (38) (913) Cash flow from financing activities Proceeds from bank loan Repayment of bank loan Net fasb flo)v from financing actiyitie Net decrease in cash and eash equivalents (7,400) (10,242) Cash and cash equivalents at beginning of year 54,064 64J06 Cash and cash equivalents at end of year 46,664 54,064
PUBLIC POLICY FORUM N I LTD NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICES General Information and basls of preparation The Publi¢ Policy Forum Nl Ltd is a charitable company and not having a share capilal and 15 r¢gI5tcd in North¢rn Ir¢land. The financial ststements have been prepared under the historieal cost convention and in accordance with applicable United Kingdom accounting standards and the Ststement of Recomrnended Practice by the Charity Commission for Northern Ireland. Statement of Compliance The financial statements have been prepared in compliance with the Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable n the United Kingdom and Republic of Ireland {FRS 102), the Charitie5 Act (Northern Ireland) 2008, Charities Act (Northern Ireland) 2013, Charitie5 (Accounts and reports) Regulations (Northern Ireland) 2015. the Cornpanie5 Act 2006 and UK Generally Accepted Practice. The financial statements are prepared on a going concem basis under the historical cost convention. The financial statements are prepared in sterling which 15 the functional currency of the charitable company and rounded to the nearest £1. Fund accounting- unrestrlcted funds The charitable cornpany's unreslri¢ted funds consist of a general fund which is expendable at the discretion of the twsteeq in fLlrtherance of the eharitable objects of the organisation. The trustees may at their discretion designate funds for specific purposes but the designations does not legaIly restrict the tntees. discretion to apply the funds. Fund ac¢ounting- restricted funds The charitable company's restricted funds ¢onsist of funds wh¢r¢ the donor has imposed restrictions on the use of the funds. Income re¢ognition All incoming resources are included in the Ststement of Financial Activities (SOFA) when the charitsble company is legally entitled to the income after any performance conditions have bee meL the amount can be Measured reliably and it is probable that the income will be received. For donations to be re¢o£nised the charitable company will have been notified of the amounts and the settlement date in writing, If there are conditions attach¢d to the donation and this requiTe5 a level of perfonnance before entitlement can be obtained then income Is deferred uniil
those conditions are fully met or the fulfilment of those conditions is within the control of the haritable company and it is probable that they will be fulfilled. Voluntsry income received by way of donations and gifts is credited to revenue on a receivable basis. For legacies, entitlernent is the earlier of the charity being notitied ot'an impending distribution or the legacy being received. At this point incorne is recognised. On occasion legacies will be notified to the charitable company however it is not possible to me&sure the amount expected to be distributed. On these occasions. the legacy is treated as contiTJgent asset and disclosed. Income from grants are recognised at fair value when the charitable company has entitlement after any rfoan(C conditions have been met. it is probable that the income will be receive and the amount can be measured reliably. If entitlement 15 not met. th¢E] thesc amounts arc d¢f¢rr¢d, R¢v¢nue grants are credited to incoming resources on the earlier dafr of when they are received or when they are receivable, unless they relate to a specified tUre period. Grants which contribute towards specific expenditure on fixed assets are credited to the Statement of Financial Activities in full upon receipt. A¢¢rned Intome Income from certain events has been accrued as the concerned event occurred before the year end. Vglue Added Tax The charitable company is not registered for VAT purp05ed' therefore. expenditure is shown 8ross ot"VAT. Expenditure RecognltRon All expenditure is accounted for on an accruals b8sis and hks been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or con3tructivc obligdtion to Inak-c paymcnts to Ihird p&rtiC5. it is probable thai the scttlcmcnt will be required. and the amount of the obligation can be measured reliably. It is categorised under the following headings.. Costs of raising funds comprises of direct costs. and Expenditure on charitable activities comprises those costs incurr¢d by the charitable company in the delivery of Its activities and services for its beneficiaries and includes direct costs for example. salary costs. eonsultancy costs, travel and subsistence and an apportionment of support costs
Support costs allocation Support Costs are those ihat assist the work of the charitable company but do not directly represent charitable activlties and include office cosis, governuncc LUSL4 ddministtative payroll costs. Thcy ar¢ in¢ury¢d directly in support of expenditure on the objectives of the ohgritable company. Where support costs cannot be directly attributed to headings. they have Lren allocated to C05t of raising funds and expenditure on charitable activities on a basis consistent with use of the r¢sources. The analysis of these costs is included in note 7. Taxation As a charitable Company. the company benefits from various exemptions afftjrded by tax legislation. It is therefore not liable to corporation tax on in¢ome or gains falling due within those ex¢mptions. Recovery is made of tax deducted from receipts under gift aid. Going Conc¢rn The financial ststement has been prepared on a going concern basis as the Trustee5 believe that no material uncertainties exist. The Trustees have considered the level of funds held and expected level of income and expenditur¢ is suffI¢ient with the level of reserves for the charitabl¢ company to be able to continue as a going concern. 2. Status The company is a company limited by guarantee. The company is accepted as a charity by H M Revenue & Customs within the definition of Section 506(1) of the Income and Corporation TeS Act 1998. The company has been registered by the Charity Commission for Northern Ireland since March 2022 (charity numkr NIC108659).
PUBLIC POLICY FORUM NI LIMITED- PIVOTAL NOTES TO THE FINANCIAL STATEMENTS (Conlinued) ASAT31 MARCH2024 Income from donations and legacies Unrestrieted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Programme Sponsorship Fundraisins & Donations Other income 16,557 96.000 4,000 116,557 16,557 96.000 4.000 116,557 15.000 32,000 8,000 55.000 Incom¢ from Oth¢r Trading A¢tivitie$ Unrestricted Funds Restricted Funds Total Funds Total Funds 2023 2024 Equality Commission Nl Joseph Rowntree Foundation The Department of Education Training & Other income 29.750 20,000 20.000 300 1.475 31,525 750 20,750 750 20,750 Income from investments 2024 2023 Interest
PIIBLIC POLICY FORllhl Nl I_11¥IITF.D- PIVOTAI. NOTES TO THE FINANCIAL STATEMENTS (Coptinued) AS AT3111IARCH 2024 Analy$ls of eXpenl¢ure A¢tiviti¢s undertaken directly Grant lundins of actLVlties Support Total 2024 costs Research & Publications Communication & Engagement Governance & AdmIntratIOn Fundraising 90,067 30.888 9,648 9.648 140.251 2.935 913 285 28.5 4.418 93,(J02 31,801 9.933 9,933 144.669 Analysis of ¢xpefidlture ALiivt11&8 undcrtakei) dire¢dy (Jron¢ lunding of a¢iiviLi Supporf costs Tot*1 2023 Rcs¢orcli & Publicuiions CoEnmuni¢oLio]i & fnBusGm¢nt Goveniance & Administration Fundraising 53,432 25,025 7,097 7,097 92.651 1,703 856 55,135 25.881 7A19 7.419 322 3,203 Allocation of 5UPPOrt ¢0$15 Raisiiig funds Charilable activity Tot41 2024 Gov¢mance & Adtninistration Finance Dcpr#ciaiion 600 108 600 108 708 708 Allotation Of support ¢osts ft511]g fund5 ChaTilabl Total 2023 U41jViiy CiovemanL Finan¢e Depr¢¢i&tion 600 99 600 99 699 699 Gov¢rnan¢e Costs 2024 2023 Indcpendenl ExaniiJ)ers Cnsis TtU51Ks remuncrnlion Tru51ee e.xpensps Legal ond professional fees O(her 600 6011 542 1.142 600
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PIIBLIC POLICY FORIIM NI LIMITED- PII'OT,IL NOTES TO TFIE FINANCIAL gfATEMENfs (Contlnmed) AS A'I. 31 NIARCH 2024 10. Net in¢om¢ for th¢ y¢ur Tliis is stalcd aller¢harging:" 2024 2023 Inthpendent Examinths Fee Depreciation of fixed assets 0[tIng leose payrneTrts 600 6110 11. Independent Examiner'$ remuneration The independent examin¢rfs ren)uneration ttmounts to £600 and other services of £Nil 12. Truste¢s Ind key m8nagemtnt personttel remunerntloll And expenses The Trustees neither received nor ivaived an). remuneratioii during Ih¢year. 'I'h¥ total wnouiit of#mplov<¢ b¢iri(S [l¥¢d by key njanagement personncl is £44.496. 13. Stslf eosts and ¢mployte benefits Th¢ overoge number of employ¢c5, emplo)'¢d bv the compan), durfng Ihe period April 2023 - Marcli 2024 as 2. 2024 Numbtr 2023 Nurnber RJisiL)g funds ChAritabk actLVitÈes Gov¢rnunce Thc iotat costs and emplo)'e¢ benefits incurrcd duriiig the )'eor ivos as folloms: 2024 2023 W8B¢s and 5a]Arie$ Sociul security i(151s Defined ¢ontribution pcnsitsn costs 79.49.% 62.8 2,144 6,251 70.936 7.950 90.902 No en1p1e TeceivEd total einploy¢e benefits. (excludin8 employer pension eosls) of more than £60.000 during the nod April 2023 - March 2024. 2024 2023 Allo¢atedio.- RSIng lund&' Charitabl¢ a¢tivity 90.902 90.902 70,936 70.936
PLIBLIC POLICY FORU1 NI LIMITED- PIVOTAL NOTES TO THE FINIINCIAL STATEIE1¥T5 (Cohilnuedj AS AT31 lARCH 2024 14. Tthxntion The ¢haTitllbl¢ MPally is a rcgistercd charit}. and os such. i5 cntitlcd to certain exemptions OEI income and profiLS from investments and surplys¢s on any trading activitses carried out in the lurtherance ot the eharithble coinp8tty$ PTimary objective5. if these profits Dnd Surpluses tLre uppli¢d solcly for GharlbI¢ purpos. The ¢harity is n¢)i resislered for VA'I. and accordin81)'. all their expendiiure is inclusii'e of VA'f incurred. 15. Debtors 2024 2023 Prepayments ond acerued income Amounts by related p?rt>' 7,053 7.053 l& Credltorx:.¥mounts falling due wl¢bih one yehr 2024 2023 Bank. loans and overdratLs OtheriL¥ ar2d social Srity Other creditors Amounts owcd to rclated party Aecrusls tkfKrrid inwine 2,189 2,189 2,189 2,189 77. Creilitors: .amoullts falling due after more thaD one year 2024 2023 B8nK loans and overdrafts 18. Ptll¥lDIIiI The company op¢rates a mone)- purtha5e pension schcme tor its emplo)ees. Tjie &ss¢is ol-th¢ sthcllie arc held sttparaiely from thosE Ot the company in an ind¢penilet]ilv odminisleTed fund, 'Th¢ pension Gos15 ¢harg¢ r¢pr¢sGnL5 Gonlribulion5 payabl¢ by th¢ COJTJpuny to Uje fwjd and wiiounted £11,129120L?_2023 £8.7551 Th¢ amount of pEIisioii COSi& accru¢d ai U?¢ Lnd lliiiounl¢d to £21¥912023-2024- 121891. 19. Analysb of net assets between funds Tangiblc fixed Net curTent Long Lem) liabiliti¢s asxts assets 2024 SlJ66 51.566 RestrK¢led Totol 51.566 51.566
PIIBLIC POLICI, FORIIM NI LIfvIITED- PlV(YfAL NOTES TO TIIE FINANCIAL SI'A'fEThiENTS (Conlinu¢d) ASAT31 MARCH 2024 20. Fund reconclliations Ilnr¢stricted funds alR[l Ui xl 31-Mar 2023 Income Exp¢iidiiure Trnn5f¢ 31 hlAreh 2024 Gencral J)¢signai 58.928 137,307 1144.6691 51.566 58,928 137,3Q7 1144,6691 51WO IlnTeRrrieted fiJnd2 con#ist of funds ii.hich are wend4blÈ 2t the digeretion of the Chaxty in fvrtherance of its objeetiveg. In additson io upendItU on pctivili¢s 5u¢h full(Ls may b¢ h¢ld in order io finanLe capital iniYstmLni and N'orkin8 Lapit. 21. RttontllitioTr of Det 5ncome to net r8sh lloTh from optrAting ¥¢tivities 2023 NL4 irs¢om¢ fof the year 7J62 gJ29 Depreciation and imp&irnient of tllngible fixcd assets Inicrwi from iny1]NGlS In¢r¢ose in dEbior5 Incr¢¢ in creditors 1381 IlJ60) Net c&sh Iloiv from operAtin8 activities 17.4noi {111,2421 No wntT&¢ts had bF¢n plar¢d for fuiu¥¢ ¢upitol a¥p¢ndiiure 01 Lli¢ balwJi Sheet dot¢. 23. CONTINGENT LIABILITIES Thc company l?a5 a coniingcni liabilit5. to repay recElI'ed ifllie compan}, frails to compli, i%'ith ¢ertsLin onditio 5tipulai¢d in ihr Il1[E ofiFrr¢r un¢J¢F M"hiEh t]IL grJiit5 iv¢r¥ paid. I'lic diririors Uo noi expeci a]]y claims io b¢ mEdc in Ihis rLspect. 24. CONIPANY LIN.IITED B), CIIARANTEE The Publii Policy Forum Nl Lid is a cotnp8ny limiled by 8uarllniee ha¥'ing no share capital. It is governed by M70Tand[n aud Articlc5 ofAssoGiuliotL and tlie lillbilit). of thL' mtnibcr5 15 limiicd an amDuJil not &xceedin8 £1. 25. ETHIC.AL STANDARDS In common iyith many other OTganis8tions of our SI aJ]d nature. use our ind¢p¢nd¢nt ¢xaminer to prepare ind assist ii'ith the pwllraiion of the financial statements.
PUBLIC POLICY FORUM NI LIMITED - PIVOTAL DETAILED INCOME IIND EXPENDITURE ACCOUNT AS AT 31 MARCH 2024 2024 2023 INCOME GRANTS Department of Foreign Affairs International Public Policy Observatory 10,557 15,000 16,557 15,000 OTHER INCOME Research Income Other Incom¢ Donations Gift Aid 20,000 750 96,000 4.000 30,050 1,475 32,000 8,000 120,750 71,525 TOTAL INCOME 137,307 86,525 EXPENDITURE Central Costs Salaries and NIC Pension Contributions Stsff travel and subsistence Staff training and conferences Administration and otyice costs (Note I Selection and Recruitmcnt Costs 82,952 7,950 800 579 3,039 64,682 6,254 318 2,885 1209 95J20 75J48 Communication & En Research & Publication5 Comrnunications & Engagement Design & Print ement 37,914 5,610 5.825 14,045 5?65 1,196 49349 20,506 TOTAL EXPENDITURE 144,669 95,gs4 TOTAL INCOME (Page xx) 137J07 86,525 SI7RPLUS FOR THE YEAR 7a62 9029
PUBLIC POLICY FORUM NI LIMITED - PIVOTAL DETAILED INCOME AND EXPENDITURE ACCOUNT (Continued) AS AT 31 MARCH 2024 otel 2024 2023 ADMINISTRATION AND OFFICE COSTS Telephone. computer & IT costs Printing. stationery and postsge Insurance PayToII Fees Independent Examiners Fee Professional & Legal Fces Membership & Subscriptions Bank charges General Expenses 328 156 623 489 600 53 215 108 651 772 309 600 475 293 99 TOTAL ADMINISTRATION AND OFFICE COSTS 3,039 2,885