Cliarily Registration Iun1ber 109180 CoiiiiJai)y Regisli alion Nuniber NIO52280 Intercomm Iteland (A Company Limited by Guarantee) Tyustees Report and Financial Statements for the ypar ended J1 March 2024 .INIIIIIHIII AEEQY9C 0611112025 COMPANIES HOUSE A02 *AEDvRI08• 2411012025 COMPANIES HOUSE A02
Illtoicortiln lieldn CoiYtPEiily Lim Itecl tjy C•udi dntee l-liiaiicial Statcnioiits Yeai endpd qfj Mai ch 2E124 Contents Pages Truslees. annual i eport (Incoi poratllig Ilie director's report) Indepp.ndLJi)l Examiner's report Slalenient of financial aclivilies (Including Incoine aiid expenclilure account) Statement of financial position Sialemenl of cash flows 10 Noles lo the financial statements 11-19
Iiil(Iic(iftinK I,ul<fnd Con)panJi Limited by Cry UGII ¢11ltee r In8ncial <'tatesrieiits Yeai nnded 31 Mai Lli 202 Ti Llstees Anniial Report (i iicoi poratirig the Dii ectoi s, Ilepoi tl The Iruslees, viho are also Ihg direclois for Ihe piirpo8p8 of con)pany law. pre5enl Iheir repoil and the Iinancial slalemenls ol I1e cliaiily lor Ihe period ended 31 Maicli 2024 Referei)tse 31)d admiiiisti ative delai18 Re9lStei ed chdrity name Inlerconiin Ireland Ch&ll tty iegisti ation +)uinber 109180 Conipany registration liuirber N1052280 Registered office 290 . 292 Aiilrim Road Bellasl BT15 SAA Principal oifice Unil 24. North Belfasl Business Centre 2 Ouncairn Gardens eellasl 8T15 2GG The trustees Ms L Marshall Mi G Trimble Ms A O'Coi)iioi Mr P Loiigliins Mr L Maskey Indepei)dent examiner Paul McAreavey FCA PGM Cliarieied Arcoiinlanls 405 Lisburn Road Bellasl 8T9 7EW Bankers First Trusl 11-1 S Done9811 Square North Bellasl BTI 5G8
In¢<*i(-Olrini Iiel?rifl Conipaiiy Liin Ited by GLiai antee Ffnaiicial statem17t8 Yeai ended 31 WlaiGlI 2024 rrLlSteeJV Aiiniial Repori Iincorpoi atll 19 tfye Dii ectoi s, Repon) (coi?tinued) Stiiictui e. governance and manageinen( Goveiniiig DocuTrient lITERcOMm IRELANO o a compsny limited by guarantee and governed by Ils merriorai)dum and articles ol associalion Boaid of frusre8s There Is a Boarcl ol Trustees responsible lor ovei sigl)l ol company policies anrj procedures Each Triisiee agrees lo Gonliibule up lo £1 In the event ol the charity ¥htinding up I he Twslees glecl Chairnian from among themselve5 al a i)ieeliiig ol the Board ol Truslees io acl a5 Chair lor a period of 12 months Members of tlie Company In addi1 lo Ihe Trustees, Ihere Is 3lso another body. Ihe voliiig Members ol Ihe Company, the eqvivalenl of shareholders Iii a privale conipany. lo whom th8 Trustees are accounlable Tl)Is body appoints Ihe Tfuslees. appioves the Au(iiled Accounls and appoinls the Bank, Auditors and Solicilors lo bo usefj by the comparny. on an aniiual basis al Ilie Annual General Meeting The menibefs ol Ihe Company also agree lo coiilribule up lo £1 In event ol Ilie coinpany winding up Appointinenl ol Irtisiees The Trustees shall be elecled al the Aniiual Geiier81 Meeting by Ihe men)bers presenl Relirino Trustees sha51 be eligible lor re-e1ecln Recruilmenl ol fruslees Is by Invilalion. recoininendalioi) or fequesl Io join Ihe Boaid by Indwiduals The names. backgfound elc are thèn presented lo Ihe ciirrenl Board for a vole Org81?Isalion The direclois mp.el qLiariei ly and are responsible loi Ihe strategic direclion ol Ihe Gompaiiy The day lo day Inanagemenl ol lh8 company Is overseen by the chief execiilive Off¢1 ObJeGtives and aclivilies We have relerred lo the guidance con181ned In the Charily Comm1ss50n's general guidance on public benelil when reviewin9 our aims and obieclives aiid In planning our future aclivilies 117feicomn7 84ckgmund INTERCOMM was foiinded In 1995 as a direcl response lo glowing concerns about seclanan and polilical conllicl al a lime when there was an emer9iiig disconnecl between whal was evolvin9 al the macro polilic81 level and what was happening within and belween grassfo¢Ss communities This disconnecl Cféaled a vacuum In which Ihere was no commLinicalion 01 co-operalion across Inlerfaces ai)d Iiideed ¢ommunilies This was particularfy dangerous In urban areas which suffered a high level ol deaths 8nd IniLifies Iliroughoul the conllicl This crealed serious mislrusl. lear and siispicion acr055 all seclots ol the comniunily Over Ihe lasl 29 years, IN fERCOMM l)as p18yed a pivotal role In Ihe peace-building Process across Ihe Island ol Irolai)d INTERCOMM was established as the resull of oiowing communily concerns aboul Ihe lack of lormal slrLiclures lo deal wilh political and $8clarian uiiresl In Ihe abseiice of m¢aningful Inlercommuiiily conlacl 11 soiighl lo help conslriicl a concrete and viable f)eace
Intkn?Icomrii liel(IiiL Coinpany l_Inll(od bv Gu?rJrileo rinaiirial Statenients Yeai elided 31 ru]aieh ?024 Ti ustees At)nual Reijoi t {Incorpor8ting the fJiieLtOi ' Repoi tl (coniiniJedJ Intertornm Valuès The valLies underpiniiiiig Ilie INTERCOMM IRELAND approach Gre expressed as Foclls on Ihe needs of cofflmunilies, sensitive lo Iheii oxperiences ol eonllicl ai)d the need lo move beyond an Inslilulional foctis 10 peace bLiildin9, Work collaboratively wilh a divèrsè range L)1 partneis ai)d liave a '¢an-do' alliludelbe probleiii solvels. Respect each other. be lair, proiilole equalily, Acl suslaiii(Ibty In¢ludiii9 pr(J)iole a'do iio harm, approacli. Rellecl on. and learn from local and Inlernalional practice Inte0MM Ireland objectives The aim ol INTERCOMM Is lo lor9e collaboralive and i)roductive working relalioiiships cro$s- Interface and Cross-communily wilhiii all communilies and poli181 consliluencies INTERCOMM woiks locally within the conlexl o18elfasl citywide and iegional and i)alional priorilie5 Tlie obieclives or INTERCOMM ale To build peace by woiking wilh all conimunilies and consliluencies lo biiild Irusl and promote Linderslanding belweei) Ihose emerging ffoim ¢onflicl, To allevièie the pioblems ass¢xialed wilh sectarian and political ccnflicl Ihrougli slimulaling economic regeneralioii In Ihe aieas most affecled by Ihe polilical conllicl and endeinic Ineqiialilies In heallh ai)d well.bein9, To Inlegiale praclical experiences ol local leadetship active cilizenship and good r&lalions Into the policy-makiii9 process and. To la¢ilil8ie besl praclice exchange ai)d disseminale peace buildi1)9 learnii)g locally, iegioiially and Inlornolionally A¢hievement5 and pgrfomynce INTERCOMM ¢oi)Iinued lo make a si9nilicanl coi)Ifibulion lo buildiii9 and 5Lislainii)g Ihp peace locally an(i shaiing le550115 Inleriialionally This Is an evoN*ing Coiilexl where anli.peace process elemenls conlinue lo be Intent oli liieliiig tensions aiid wliere mainstream resouices are diminishing rhis Is 8 serious cause for concein Ihal will shape and Inforin lulure prograinnie planning This conlinues lo Involve working wilh local comiruniliesla9encies across Ireland lo cemenl peace al loravregional levels INTIRCOMM fell Ihe ellecl ol Iliis Ilireal direclly with Ihe arresl ai)d charge ol a now.lormef slaff member on an exlfemely senous Issiie ol an anli.peace nalure In Ihis accountin9 period this Incidenl along with the ellecls lo the organ15alion Iroin subseouenl actions ol lund¢rs. necessary slaffinglais¢iplinary action5 and absolule need lor INTERCOMM to prole¢l Ils reputation, had a profound effecl on Ihe operalions of the organisalion This Iiicluded 8 number ol deep avdils oli 11)e organisatn by fvi)ders, especialty relating lo programmes a$Sl81ed wilh Ihe now.lofmer slaff member Cash.Iloiv became a partic(Ilar challenge as Iinanee was wilhheld while audits look place {50me running 01) lo a loiig number of monllis) This also Incliided Ilie need loi a sIralgy look al 11)e pio9ianiiiies we coiild delivei lor had Ihe luluTe abilily lo deliver) given the circum51ance5 Subseque171Iy we cliose lo wiap a niiniber ol exislino Eliding Paramililarism TFO piogfaiiimes ar)d clioose lo nol apply for Iheir future Pfogrammes We also closed down our IFI programmes We continued howevei. lo delivei oli oui Seiious Peace-Building aclivilies across North Belfast and beyond
Iritpi corri rn li •ldn(I Coiiipansl l_lmited bv Crliarantee Final icial %KateimenL¢ l'ear eiidecl 31 March ?024 ri ustees Anrii ial Report (i nroi i?oratinq the Diiectoi s, Repoitl (¢ontiniJed) Arhieveiiie17tS *Tnd pèrfoimaiice (conthnued) Via Ihe North Bellasl Slralegic C?ood Rp.lalrons Programme {NFJSCyRP> we be9iin lo empha51se large Good Relations events, particularfy In Ihe form ol Markels In Pliblic parks These larger events. In Alex¥ndra and Walemiorks Pafks In particular. were able 10 draw In Ihousaiids ol re31deiils lioin across North Bollasl Interlaces lo Good Rpl8lini)s activities In partnership wilh PSNI. An Garda schaa. c0mniuiiY organisalions acxoss Ifeland and wilh Ihe assislance of Ulsler Universiiy Piof85sor Jonny Byrne we delivered a sigiirficaThl piece ol reseaich regarding commuiiilies relalionship wilh Police acioss the Island. funded by 11)e Irish Govl's Depl loi Foreign Affairs Slrategic Partnerships INTERCOMM'S work with slialegic p#rfiiers wlhin 11)e NBSGRP coi)Iii)ues We canlinue lo Ihe vftiy Iinport?i)I slralegic partnership with Duncaiin Comniunily Partnership wilh ihe aini of removinglredesignin9 hlorlh BeNas1 'Peace Walls. Financial review Al Ihe end ol Ihe year SNTERCOMfvI IRELAND had a deficil of pl61,7 brii)ginq the lund balaiice ol INTERCOMM IRELAND lo £2S2.697 The unreslricled fui)d balances amounl lo £239 603 Unresliicled reseNes Iieely available lo spend. Iherefoi e excludin9 fixed assets, resiricled reserves aiid designated resefyes aniounled lo i237,999 Reslricled fiind balances as al 31 March 2024 amounted lo £13.094 Please see 'Goii)g Coii¢ern' 01) page 11 Iof lui Iher delails Principal funding souices INTERCOMM IRELAND has been Wofking lo piomole peace bLiildiiig and lo enhance piooress lo a shared and bellei luliire across Northein Ifeland In Ihese endeavours we have been 5UPPOrted by the Noriliern Ireland CoiMiiiui)Ily Relalioi)s Council (CRC) and Suslrans ReseNes policy The Board has exainineo Ihe charity's reoiiireinenls loi reseNes 11) 11ghl ol Ihe main risk8 In the organisalion 11 has eslablisSied a policy wherebs, Ihe Iiiiiesliicled funds not coiiimilled 01 Invesltd In tangible fixed assels held by the chafily should be beiween 3 and 6 monihs ol Ihe expendilui e Expendilure lor 2024 wa5 £284.854 and Iherefofe Ihe largel Is £71,21410 £142,927 In general luiids The reseThes ale needed lo meet Ihe workinq capilal requirements ol Ihe cha(1ly and Ilie Board are conlidenl Ihal al lh level Ihèy would be able lo ¢onlinue Ilie current aclivilies ol Ihe charity In the event of a significant drop In funding Plan5 lor futiire periods We aim lo slabili$e our exisling programnies ol work whilst developing new slreains ol work We parliculgrly seek, In parlncrship with Duncaiin Commvnily Partnership. lo develop large evenlsigclwilie5 111 Nort17 8e11851 Parks Iparticiilarly Alexaiidra Paikl In landeiii. we seek lo play a partnership role with olhefs In working lo address Issues associaled wilh Ihe wall In Alexandra park (Ihe only Park In western Europe divided hy a peace wall) We also Inlend lo develop lurther the use of Podcasling and new leclinologies lo besl proniole our good pfaclice We especially wisl) 10 seek Ine besl use ol Ihe audio Loiilenl we liold frorn 11)e approx 45 onliiie hislory episodes led by Olir Iriend arid collea9ue Eamoii Phoeiiix. who sadly passed away In November 20?2
liitei poinin IiÈl¢ifi Cornpdny Lim lied l)y CJU¢ll'dfi Lee Fiiiéjn ci81 Str)teIe1l1s Yeiir ended 31 Maich 20A l-i uslpes Annual Report {Incori)oiating the Direclors, Reporl) (¢nntrniJed) rrustees, ie5pon51bilities str3teinent The Iruslees, who a also direclors loi Ihe purposes ol conipany law, are responsible for preparing the Ifuslees, ieporl and Ihe financial slalemenls In accordance with applic8ble law and United Kingdom Accounling Slandards Iuniled l<ingdom Generally Accepted Accouiiling Practice) Company13w requires Ihe charity Iruslees lo prepare financial slalenienls lor e8ch yeaf which give a IrLie and lair view ol the slale ol affair8 of the ch<Jrilable compaiiy and Ihe Incoming resources and application of resources. Includin9 the Iiicome aiid expenditure. for Ihal perd In prepaiii)g Ihese Iinancial slalemeiils, 11)e Iiuslees are reqiiiied lo selecl suitable accounling policies and Ihen apply Ihem consislenlty. observe Ihe melhods and orinciples In the applicable Charilies SORP. niake iudginenls and accouiiling eslimales Ihgt are reasonable and pnidenl, i)repare Ihe Iiiiancial Slalemenls on the g01ng concern basis unless Il Is Inappropriate lo pre5Lime Iha4 the charity will conlinue In business The Iru51ees are responsible for keepin9 8deqLiale accoviiling fecords Ihai are suffi¢ienl lo show and explain Ilie charily's Iransa¢lioiis and disc105e with reasonable accuracy al any Iiine Ilie finai)cial pts8iiion ol Ihe charity and enable Ihem lo ensiire thai Ihe Iinancial slalemeiils comply with Ihe Companies Act 2006 They are also responsible lor saleguarding Ihe assels ol Ihe chanly and lience lor18king reasonable slep5 for Ihe prevenlion and deieclion ol Iraud and oll)ei Irregulariliey Sinall conipany provisions This report has been prepared In accordance wilh Ihe provisions applicable lo con)panies enlilled lo Ihe small mPanieS exemplion The Iruslèes. annual report was appfoved on 15 Oclobei 2025 and $19ned on behalf ol the 8oaid ol li uslees l)y Mr P Louohin Tnjslee
Inlère.orEiffi li #lancl Com pany l.tirito(I b Ji Guai <,n(ee Ilicinc ial Statements Year ended 31 March 2024 IndependeTrt kxaminei'8 Report I report on Ihe financial slalemenls ol INTERCOMM Ifelané lof the year ended 31 March ?024 sel oiil on pages 9 10 20 RespectlV8 responsibilities of Ti ustees and Exarniner As Ihe charily Iruslees (and also the director5 of the Company for Ihe purposes of company lawl YOLI ar8 responsible loi Ihe prep818lion ol Ihe accouiils In accordance with the requireiiiei)Is of the Chaiilies Act (Northern Ireland) 2008 Having salisfied mysell Ihal Ihe charity Is iiol subject lo audil under charily law. and Is eligible lof Independenl examination, Il Is my responsibility lo examine the accoun15 under seGlion 65 of the Charities Acl, follow Ihe procedures laid down In Ihe general Direction5 given by the Chafily Coinmission lor Northerii Ireland under section 65(91{bl ol Ihe Charities Acl, ai)d slate wh8lher particular mallers have come lo my allenlion Basis of Indepèndent exaininer's i eport I have examined youf charity accounts as required under seclion 65 01 the C.harilies Act and my examiiialioii w8s Carried OLII In accordance with Ihe general Oireclions given by the Chanly Commission foi Northern Ireland Linder section 6519)Ib} of the Charities Act The examinalion InclLided a review ol the accounling records kept by Ihe cliarily and a coniparison ol Ihe acGoui)Is presented willi those (ecords 11 also Included consideralioii ol any unusual Items or disclosuies In Ihe 8ccounls. and seeking explanalions from you as ¢liarily Iruslees coiicerning any such mallers My Tole Is lo siale whether any material mallgrs have come lo my a118nlion giving me caiise lo believe l Thal accouiiling re¢or(is were not kept In accordance wilh secIn 388 01 the Companies Acl 2006 2 That Ihe occounls do nol accord with those accounting records 3 That Ihe 8ccounls do nol coinply with the accounting requiremenis of the Charities Act and with the melhods and principles ol Ihe Charilies Slalemenl ol Recommended Pfaclic& applicable lo ch?rilie5 prepaiing Iheir a¢counls Iii accordance wilh 11)e Fin8ncial Reporling Sland8rd apPIable In the UK aild Republic ol Ireland 4 That Iherè Is further Infcrmalion needed for a propel undefslanding ol Ihe accounts lo be reach¢d Indepandent elaminer's statemeii¢ I have coinpleled ry examination and have no conceiiis Iii respecl ol Ilie mallei s1111014} Iisled abDve and. In connection wrth lollowing Ihe Directions ol the Ch8rily Conimission lor Norlhem Ireland, I have found no Imolleis Ilial require diawiiig lo your allenlion Paul McAreavey FC PGM Charterecl Ac 405 Lisburn Road Bellast 8T9 7EVV Date 15 Oclob¢r 2025 uiitants
Ii)tei CO1 l el?nd Cornp<iliV l.1iiiiled b J Gii<ll anlep IiiaDci31 SfAte5Ments Yecir ended J1 March 2024 Staterrient of finaiicial Activitips 11 March 2024 31 March 2023 Uni esti Icted R&sli Icted Total funds fLinds fiinds Total lunds Nole Income arid eiidowments Donalions and legacies Other trading aclivilies Total Income 10,930 97,104 108,034 790,976 18,074 809 050 123 100 Ex pendilure ExpendilLire on charilable 8clivilies Total exponditure 162,319 122,535 284,854 952.100 162 319 122 535 284 854 9S2,100 Assel Impa11menl <400.493) Net lekpenditurel I Income 136,323 161754 543 543 Transfeis belween Iunds Net Inovem•nl In funds 11 J6,323} 125,4311 1161,7541 (543.543) Reconciliation of fui)ds Tolal funds brovghl lOard Total Funds Carried forward 375,926 239 603 38,525 414 451 252 697 957 994 414 451 The slaleinenl ol Iinancial 3clivilies Iiicludes all gains and losses reco9nised In the year All Iiicome and expenditure derive ITOM ¢onliiiuing aclivities Tho iiote$ on puges 1110 19 loim pan 01 Ih饥 Ilnon¢lol $taieihenl$
In1ÉlPO Irolai)rl Coiiipany L Im Ited by Gucil antee Financia5 Sta5ement Year elided .31 Mai cli 2024 Stalpineiil of l-lnaiicidl P osition 31 IV¢ar¢h 2024 31 March 2023 Note Fixed assets l angible fixed assels Inveslmenls 1,604 2,294 225 000 227,294 13 1,604 Curreiit assels Debtors Cash al bank and In hand 14 328,749 154825 483,574 448,319 276 261 724,580 Creditors aiiiounts falling due withiii one yeai 16 232,481 537 423 Net ¢uri ent assets 251 093 181 157 Total assets loss curr8n( liabilities 252 697 414 451 Nel assets 252 697 414,451 Fiinds ol tlie charrty Reslric18d ILinds Uiireslricled luiids 13,094 239,603 38,525 37S,926 Total cliarity fuiids 19 252 697 414 451 These financial slalemenls h8ve been prepared In accordance willi Ihe provisions applicable lo companies subiecl lo Ihe small companies, regime These financi81 s181emenls were approited by the Board ol Iruslees and aiilhorised lor Issue on 15 Oclobef 2025, and are si9ned on behalf ol the Board by Mr P Loughin5 Tr lee Yhe ngres onptsgès 111019 iorm pan ol tl)e¥e IiiiaiiriJl 11$11?enl$
Infeicoriini Iielaiid Coinparjy l.ln Iited bv GLlcil arilpe F iriancial ata leDienis Ye81 eniled 31 Maicli 10?4 Statetnent OY cashfiows 31 Maich 2024 31 March 2023 Note Casl) flows froin operating activities Nel lexpendilure) I InLome Adjiislmenls lor Depreciation ol tangible fixed assels Gains on disposal ol herilage iissels Accrued expenses Changps In Trade and olhef debtors Trade and olher credilors Cash g&neraled from operations Nel cash (used Inlllrom operaling acliwlie5 1161,7541 ($113,543) 690 843 1132,4281 105,713 119,570 196763 238 257 238 2S7 1378,7201 264 939 683.196 683 196 Casli flow5 from Investing aclivilias Disposal ol Inveslmenl propefly Proceeds from sale ol herilage assets Nel cash Iromllused 11)) Invesiing acl1vilS 225,000 400.493 400,493 225,000 Net Ide¢rÈasel I Increase In cash and Cash èqUIV81ents 113,257) 1282.7031 Cash and cash equivalents al beginning of period 296 Jf88 Cash and cash equivalents at end of period 15 628 13,885 The noie3 9np&ge$ 11 to 19 loini Phrt ol ih¢so finlln¢i81 $1Otemenls io
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lrylertsOIYII Il li el?n Corfipariy Limited by Guai ¢intee Inancial Statements Yeai erided 31 Maich 2024 lotes to tlie tinancio I statemeiits (continued) 3 Accountii)g policies (Gontiiiuedl 3 J Judgeinents and IKey sources of estirriation uncertainty The preparalicn of the financial slalemenls requires m8nageinenl lo Inake ILtdgemen19. eslimales and assun)plions that affeel Ihe amounts reported These eslimales arid iudgemenls are conlinually rpviFJwpd arid are ha48d on eyperipiice anrl nlhpr fHrlnis Inrlijdiiiu eyppclalions ol Iiiliirp pvpnls IhHI are believed lo be reason9ble uiider Ihe circumstances 3 4 Fu nd accoui)ting Unreslricled lund5 are available foi use al Ihe discrelion ol Ihe li uslees lo further any of Ihe charily's purposes Designaled fuiids are uiifeslricled funds eaiinafked by the Iruslees (or particular fiiluie proiecl or oinmilnienl ReslriGled funds are subiecled lo reslriclioiis on their expendrture declared by Ilie donor or Ihroush Ihe terms ol an appeal. and fall Into one ol Iwo sub.elasses reslricled Incoime lunds 01 endowment funds 3 S Incoming resources All Iiicoming resourcp.5 are Included Iii the slalemenl of Iinancial aclivilies when enlillemenl has passed lo the charily. Il Is proLiable that the economic benefils aosocialed Ktilh Ihe Iransaclioi) will flow lo Ihe charity and Ihe amounl c81) be reliably measured Tl)e following specific policies are applied lo particular categories ol InGome Income liom donations or gr8nl8 Is reco9iiiseo when Ihere Is ewden¢e ol enlillemenl lo Ihe gifl ieceipl Is probahle ènd Ils 8mounl can be measured reliably le9acy Income Is recognised when receipl Is piobable and enlillemes11 Is ¥slablished Income from donated goods Is measured al Ihe lair value ol Ihe goods iinless Ihis Is Imprac1al lo me85vrè reliably, In which case the value Is derived Iiom the cosl lo the donor or Ihe eslimtiled iesale value Ooiioled lacililie5 and selvices are recognised In the accoun15 wlien ieceived Il Ibe value c81) be reliably measuied No amoLinls ar& Included lor Ihe contribution ol general volunteers Income Ifom conlracls lor Ihe supply ol services Is recognised with the delivery ol Ihe conlracled service This Is cla551fied as unre51ricled Iiinds unless Iliere Is a conlraclLial requireinenl lor Il lo be spent on a particular purpose and returned Il unspenl, In whKh Gase Il rnay be regarded 95 reslricled 12
In+thi coi nin It el2Dcl Corfii)r)ny Liniited by Guai (Intee FinaryGial Staten)en LS Year ended 31 March 2024 Notes to the financial statements (continued) Accounti1)9 policies l¢ontiniJedl 3 6 Resouices expended ExpendilLire Is recognised on an accruals basis as a liability Is Incurred Expendiluie Includes any VAT which cannol be lu51y iecoveied, arid 1$ cldssilied ui)der headii)gs ol the slalemenl ol Iinancial activities lo whicli Il relates expendilure on raising lunds In¢lude5 the costs of all lundraising aclivilies, evenl5. non- clidfil¥ble Iiading aclivilies, and Ihe sale ol donaled goods expendilure on cliarilable aclwilies Includes all costs Inrurred by a charity Iii undeflaking aciivilies Ihal lurther Ils charilable aims lor11)e beiielil of Ils beneliciaries. InclLiding those support cosls and cosis ielaling lo the governance of Ihe chanly apportioned lo chaiilable aGlivilies olhei expenditure Includes all expenditure Ihal 15 neither related Io f8isin9 luiid5 loi the charily nor pafi ol Ils expenditure on charitable aclivilies All ¢osls are allocated lo expendilure categories rellecling the use of Ihe resourGe Diiect costs allribulable lo 3 single aclivily are alloc8led direclty lo11)al aclivily Shared Gosls are apporlioned belween the aclwilies Ihey conlribule lo on a reasonable, iusliliable and coiisislenl basis 3 7 Tangible a$set8 Tan9ible assèls are Initially ieccrded 81 CO51, aiid subsequently slaled 81 cosl less any accumulated deprecialion and Impairmenl losses Any langible assels carried al revalued arnoLiiils ale recorded al the lair value al Ihe dale ol revalvalion le55 any subsequent accumulaled depreciation and subsequenl accumulaled Impairmenl bsses An Increase In lh8 Carryin9 amounl ol an asset as a fesull ol a fev8lualioii. Is recognised In other recognised 9ains and losses, unless Il revèrses 8 charge for Impairmeni thal has previously been (ecognised as expendilure within the sl8lemenl of Iinencial activities A éecrease In Ihe carrying aiiiounl ol an 85sel as a result ol revaluation. Is recognised In Olner recognised gains and losses excepl lo wliicli Il oNsels any previous fevalualion gain, In which case the loss Is shown wilhin other recognised gains and losses on Ihe slalemenl of financial aclwilies Depreciation Depreciation Is calculaled 50 as lo wnle off the cosl 01 valualion of an assel, less Ils residual value, over the useful economi¢ life of Ihal asset as lollows Fixlures and Iillings Equipineftl 25% redLJcin9 balance 25% slraighl line 3 8 Investments Unlisted equily Inveslnienls ale Iiiilially recoi ded al cost, and subsequently measured al laii value If lair value cannol be feliabty measured, assels are measured al cosl less irnpairmenl Listed Inveslnienls are measured al lair value wilh changes In (air value bein9 recognised In Income 01 expenditure 13
Infei Goirrn I relri_.ryd 0111 pany Lim Ited by Ciiiarantee l-lnancial Statercients Year ended 31 Marcli 2024 Notès lo the fi iiaiicial STateiiients (continued) Accounting policies {coi)Iiiiuedl 3 9 Impairment of fixed assets A review for Ind1caloi s ol Impairmenl Is carried oiil al eacli reporting dale, with the iecoverable amounl being esliniated wliere such Indicalors exist Wliere Iliè Lai iyii)g value exceeds Ihe recoverable amounl, the asset Is Impaired accordingly Prior Impairments are also i eviewed for possible reversal al each repofling dale For the purposes ol Impairmenl le51iiig, wlieii Il Is not p05$1ble lo eslimale Ihe recovefable amount ol an Individual asset. an eslimaie Is made ol the recoverable amounl ol the cash_9eneraliii9 unil lo which the asset belongs The cash.generaling unil Is Ihe sinallesl Idenliliable group ol assets that Includes the asset and generales cash Inflows that largely Independenl ol Ihe cash Inflows from olher assets or groiips o18ssels For Impairmenl lesling of gt)odwill. the goodwill acquired In a bu51ness Combination Is. Iron) the acquisilion dale, allocated lo each ol the cash-9enerBlin9 unils11i31 ère expected lo benefil Iiom the synergies ol the eoinbinalion Irrespeclive of whether olher assets or Iiabililies ol the charity are assigned lo those units 3 10 Financial Instruments A Iiiiancial asset or a financial Iiabilily Is recognised only when the charily becomes a pariy lo Ihe conlraclual provisions ol the Instrument Basic Iinancial Inslrumenls a Inilially re¢ogni$ed al Ihe amount receivable or payable Including any relaled Iransaclion cosls Current èsse15 and currenl Iiabililies are subsequenlly rneasured al the cash or olher consideralion expecied lo be paid or i eceived and not discounted Debl Inslfumenls are subsequeiilty measLJred al amortised cost Where Inveslmenls In shares are puolicly Iraded or Iheir fair value can otheise be measured reliably, Ilie Inveslinenl Is subsequently rneasured al lair value wilh changes In lair vallie recogn15ed In IncrMe and expendilure All other such Inveslmenls are siiL)sequentty measured al cost less Impairmenl Other financial Inslfumenls. Including denvAlives. are Inilially iecognised al lair value, unless payment lor an assel Is deferred beyon(J normal business leims or financed al a rate of Inleresl Ihal Is nol a markel rate. Iii which case Ihe 855el 15 measured al Ihe present value ol Ihe fulure paymenls d15counled al a niarkel rale ol Inleresl lor a similar debt Instrument Other financial Insliumenls are subsequently measufed al lair value, th any clianges recognised In Ihe slalemenl of Iin8ncial 8clivilies, with Ihe exceplion of hedging Inslrumenls In a designaied hedging felalionship Financial asse13 Ihal are mea5uied al c051 or amoilised Gosl are reviewed foT obieclive evidence ol Impaimienl al Ihe end ol each reporting clale 11 Ilieie Is obieclive evidence ol Iinpairmenl, an Impairment loss Is iecognised under the appropriate headin9 In Ihe slalemenl ol financMI activities In which the Initial gain was recognised For 811 equity Inslrliinenls regardless ol sigiiilanc8, 811d ollier Iinaiicial assels Ihal are Individlially SnI11¢an1. Ihese are assessed Individually lor Iinpairnienl Olhei financial assets aFe eilher a*sessed Individualty or grouped on the basis ol similar credit risk cl)araclerislics
Iri(ei coniTr. Irel<ind Coi fl panir Lini Ited by Guai'c111tpe Financial tateinents Yeai elided 31 Wlai ch 20?4 Notes to the financial stateinenls (Goiitinued) Accounting policies (continued) Financial Inslruinents Icontin uedl Any reversals ol Impaiiirenl are recc#Ji)Ised Imniedialely, lo the exlenl Ihal the ieversal does nol fesLIII In 2 carrying amounl of Ihe financial agsel Ihal exceeds whal Ilie cariying amounl would have been had the Impairment nol previously been recognised 3 11 Defined contribulioi) plaiis Conliibulions lo delined Gonlribulion plans are ieco9n15ed as an expense In Ihe period In which the related seNice Is provided Prepaid conlribulions are recognised as an assel lo the exlenl Ihal11)e prèpaymenl will lead lo a reduclion In (ulure p3yinenls or 8 cash relund IM)en coiilribulions ale nol expecled lo be sellled wholly within 12 monlhs of Ilie enLI of Ihe reporting dale In whicl) 11)e employees rendef Ihe related seNice. Ilie Iiabilily Iq n)easuied on a discovnled present value basis The unwindin9 01 the d15counl Is recognised as an expense In Ihe period In which arises 4 Limitèd by guaraniee Each ol Ihe members ol Ihe company has gvaranleed lo ¢oiilribule lo11)e assets of Ihe company In Ihe event ol Ihe qame being woiild up Its Ihe exlenl ol E1 5 Donations aiid le9acies Total Funds 2024 Total Fuiid¥ 2023 Unreslricted Rostricted Funds Fufids Donations Donations Giants SEUPB Nl Community Relalions Council IFI - Peace Impacl Progiamme Conlracl Income DFC Slilching Benevole Suslrans 2.460 34,398 18S,186 142,543 373,83S 2.5S3 50,000 2,460 97,104 97,104 4,476 4,476 6,454 6,454 10,930 97.104 108.034 790 976 6 Other Irading activities Total Funds 2024 Total Ftsnds 2023 Ui)i estricled Restricted Funds Funds Room hire 15066 15,066 18,074 15
Intercomm Irelancj Cpofiipai)y Liniited ljy G LJl< i antee Financial Siaternents Year elided J I fviai ch 2024 Notes to the financial stateii ieiils (¢ontincied) 7 Expenditure oli cha ritable activilies by fund type Total Fui)ds 2024 lotal Fiin¢Js 2023 Uni esti icted Restricted Funds ruiids Promolion ol Peace Building Slrale9y Support cosls 53.459 108860 162.319 122.535 17S,994 108 860 284,854 804.ggo 147 110 952 100 122,535 8 Analys5s of support costs Proiiiolion of peace building str&te9y Total 2024 Total 2023 Siam costs Premises Communications and IT Qeneral oftioe Governancr* cosls 61,568 19.37d 4.906 868 61,568 19,372 4.906 868 22.146 108860 61,805 18,598 2,331 4,915 59,461 147.710 108 860 9 Taxatioii The Charily's aclwilie5 fall williin Ihe exempl¢ons affoided by Ihe prov1510ns ol the Income and Corporation Taxes Acl 1988 Accordingty, there Is no laxalion charge In Ihese a¢¢ounls 10 Net lexpenditurel I Inconie Nei (expendilurellincome Is slaled afief chargingllcieililiiig) 31 Mar 24 31 Mar 23 Depieciaiion of tangible Iixeé assets 690 843 11 Staff Costs rhe lolal slBlf cosis ènd oittployge benglils lor Ihe rtpurling pefiod arg analysed as lollows 2024 2023 Wages and salaiies Social securily cosls Employer conlribiilian5 Lo pension plans 142,678 10,129 324,183 27.481 156.758 362,119 The aveiage heBd counl ol eii)ployees diiiing Ihe period vtss 4 (2023 11) No employee received employee benefils of more than £60.000 dunng Ilie year (20Z1 NII) Key Managemenl Peisonnel Koy manageinenl personnel Include all peK50n5 Ihal liave avlhorily ant responsibilily for plannii)g. directing and controlling the acliwlies ol the charity The lolal compensaiion paid lo key managemenl P&rsonnel for Seryes provided lo the chariiy was £80,71912023 r114,8291 16
Illiei GlJflis-Il lieltiiid Cornpany Limited kiy Guai ante8 Fiii<iTrcial Statenierits Year ended 31 Ivlai ch 2024 Noies to the finanoial statements (continued) 12 Triistee ifrmuneration and expens¢s The charily Irusiees were not Pdicl Oi received any nlhef benefits from employment with the Chanly In the year12023 £nil) Ourin9 Ihe year Ihey were nol reiirbiirrJed lor travel expenses12023 £nil} No charily Iruslee received payment loi prolession3101 other sennces supplies lo the cliarily (2023 £nil) 13 Tangible fixed a8sets Fixluros and fittings Equipnient Total Cost Al 1 April 2023 D15posals At 31 Maich 2024 18.662 67,675 (65,1931 2,482 86.337 (65,1931 21,144 18,662 Deprecialion Al 1 April 2023 Chaige lor the penod On disposals At 31 March 2024 16,834 4S7 67.209 233 165.1931 2.249 84.043 890 {65,193) 19,540 17. Carrying amount Al 31 March 2024 Al 31 March 2023 1,371 1.828 233 4efj 1.604 2.294 4 3a Investments During Ihe year Ihe charily disposed of an Iiivesliiienl property lor £225,OC4J The property had been wrillen dc)wn lo E225.000 In Ihe previous year, Iherefore there was no profil or loss on disposal 14 Debtois 31 March 2024 31 March 2023 TTade deblDrs Olher ¢JeblofS 106,750 221 999 328 749 52,882 395 437 448.319 15 Cash and cash gquivalents 31 March 2024 31 March 2023 Cash al bank and In hand Bank overdrafts 154.825 154.197 628 276,261 262,376 13,885
Iriterconini If pl<incF Company l.Imited by Guar¢llitee Fil iancial Statenients Year elided 31 Ivlai cli 2024 Notes to the finaiici41 statemei)tS {continued) 16 Credilurs ainoiints falling due within one year 31 March 2024 31 March 2023 Bank loans and overdiafts Trade credilorB Accruafs and deferred Income Social S8cunly and olher taxes Other Credilors 154,197 262.376 72,706 124,575 57.766 29,453 48,831 232 481 537,423 17 Pensions and other post-retirement benafits defined contribiition plans The amount recognised In In¢ome or expendilure as an expense In rel8lion lo defined conlribution plans was £3.951 {2023 £10,455) 18 Analysis ol charitable funds Uiirestricted funds Ai 1 April In¢ome Expendilufe 2023 At 31 March 2024 General funds 375 926 162 319 239,603 Restricted fund$ At 1 Apiil Incorne 2023 Expenditur¢ At 31 March 2024 NI CRC 8elfas1 Ciiy Council IFI- PIP DFC 97,104 (97,1041 7,775 28,042 2,708 7,775 2,611 2,708 125,431) 38.525 97.104 122.535 19 Analysis of assets between funds Unrestricted liinds 2024 Restricted Total fund$ 2024 funds 2024 Total lil nds 2023 Tangible Iixed a55els Investments Ciirrenl as5els Credilo(s due < lyr 1,604 1.604 2,294 225,000 724,580 537 423 414.451 386,470 148471 239.603 97.104 84 010 483,574 232 481 252 697 18
Inlprcomn Iielc?ficI roniÉJany l_lmited l)y Gliaranip Fii)a ncial Statements Year elided 31 March ?024 otes to tl)e f Iiiancial stateinents (conlinuedj 20 Ethical standard In Common wlh many other enlilies ol our stze and nalure we use our audiiors I Indapendenl examiners lo prepare and subin returns lo Ihe lax authorities and assist willi Ihe preparation ol IhE financial slaleinenls 21 Contingencies A cunlingenl Iiabilily eSt5 lo (epay graiils and Trust monies ret?Ived should cerlain condilions nol be luliilled by Ihe charrty In Ihe Opinion ol the Tru51ees. the leims ol Ihe Lellers of Offers have been. or will be. complied with 3n(i no liability Is expe¢lèd 22 Financial Instruments Trade receivables and Iraée payables ale Initially recognis8d 81 the transactn value 8t7d subsequently carried al Iheir selllemenl value Both have not been discounled lo preseiil value because 1118 Irai)saclion5 are expected lo be 5ellled wiihin 12 moi)Ihs ol the reponing dale 23 Capital Commitments The chafily did nol have any disclosable capilal commilmenls a5 al the 31 March 2024
Intel conil l) li plaiirl Compaiiy Liniitpd hy Cuai ai)teo Yeai ended 31 M?Ich ?024 Management Information The folltswing pa9es do noi form parl of the Iii)anGial slalemen15
iiilei comni li •l?iicJ C.on)p3ny Limitèd by Gudraniee Ye<ll eiideJ 31 Mai ch 2024 Iiicome and ex eiidituie ilCCOUlIt Incorne and endowinents 2024 2023 Donations aiid legacies Doftalions 2.460 34.398 Suslrans Nl Comniunily Relalioi15 Couiicil IFI . Peace Impacl Programme ConlraGI Iiicome DFC Slilching 8enevol8 6,454 97,104 185,186 142.543 373,836 2.553 50.CQO 4,476 108034 790 976 Oiher trading aclivities Room Hire Total Income
Ii)lercoiii£n Ireliind fompany l_rmited bil Gliarantee Yeai endecl 31 Mai ch 2024 Expeiidilure 2024 2023 EKpenditure on chai Itable aclivities Promotion of Peace Building Strategy Activities ui?dertaken directly Wages a11d salaries Employer's NIC Pension cosls Piogramme cosls Travel and subsistence General expenses Deprecialion Proiecl costs Bad debt expense Claim selllemenl cosls DFC grani iepaymenl Repayment ol loan 85,719 6,337 3,134 26,233 1,112 1,121 690 4,250 22,398 25.000 271.832 21,975 6,507 89,737 775 5,403 843 328,389 44,691 4,838 30.000 175 994 2LgLO Support costs Wageslsalaries Employer's NIC Pension costs Lighl and heal Repairs and cleianing Insurance Prinling, poslage aftd slalionery Equipment leasing Telephone Compulei exp?n$es 56,959 3,792 817 2,377 4,483 4,195 868 8.317 1,822 3.084 52,351 5.506 3.948 7.857 6.314 4,427 4,915 2.331 Governance costs Accounlancy lee5 ALidil lees Governance cosls . legal and olher professional fees Bank charges and Iiileie&l 10,892 18.376 20,061 16,030 5,099 6.15S 4,994 Expenditure on chariiable activities Asset Impairment Asset rnpaifmenl Net lexpenditure} I Income
Outlook
Signed accounts
From Brian McFetridge