Cliarily Registration I￿un1ber 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 *AEEQY￿9C* 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 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 s￿cha￿a. c0mniuii￿Y 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)te￿Ie1l1s 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, Ihe Charilies Acl (Northerii Irelai)dl 2008 and11)e Companies Acl 2006 Inlefcomin Ireland meels Ihe defirnilion ol a public benefit enliiy linder FRS 102 3 Accoviiting policies 3 18asis of preparation ie fiiiancial slaleineiils have beei) prepared on Ihe liisloncal cosl bas18, as moclified by the rev8lualion ol certain financial assels and Iiabililies and Inveslinenl properiies measured al lair value Ihrougli Incoffle cr expenailure The financial slalempnls are prepared In sterling, which Is the lui)clional curiency of Ihe eiilily 3 2 Goin9 concern I he Board aGknowledge Ihal Ihere was a delicil 01 £161,754 (2024 deftcil £5J3,5431 showino In Ihe aGcoiinls lor Ihis 12 monlh accoui)Iing penod The Board ale however•salisfied wilh the Financial Review {P&4ge 6), delailii)g Ils ove¥all cui renl position They also acknowled9e Ihai the accounting period dèlicils In bolh accounting periods were due lo extreme and unique circuinsiances desciibed below The Board appreciates that the recorded deficil lor11)e 2 accounling periods was essei)Iially (iue lo 2 major factors 8) Approximalely Ihree-quarters ol the delicil In Ihe period lo 31 fvlarch 2023 was due lo a ievalualioi1 ol the property which reduced Ils value from £625,493 10 £225.OQO Th15 accounls foi £400.493 of Ihe deficit reporied Iii Ihe period lo 31 MarGh 2023 b) The Board also acknowledge Ihal the delicil lor Ilie year lo 31 March 20241£161,754) and reinaindei ol the defi¢il ¢0 31 Maich 2023 (£143,050) wa5 dve lo uninlended consequences arising Irom a serious slaffing disciplinary rnaller and assoGialed legal cosls This resulled In Ihe iieed lor the charily lo fund cole piogramme and wage paymenls Irom ioserves on a temporary basis whilst funders and partners sa115fied Ihemsetves as lo Ihe Charily's handlin9 of Ihe staffing Issue The Boaid h8s carried oul an a5ses5menl on Ilie gDing coiicern $181us ol Ilie Charity and giveii Ihe level ol i eserves and the proiecled 11)come and expeno5iliire (or the 2025 year onw8id5, Ihe Boaid are Iherefore confident Ihal the Cliarily will be able lo operale foi 12 monil)s Irom Ilie dale ol signiiicJ ol these accounts 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 Imprac1￿al 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 othe￿ise be measured reliably, Ilie Inveslinenl Is subsequently rneasured al lair value wilh changes In lair vallie recogn15ed In Incr￿Me 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 sigiiil￿anc8, 811d ollier Iinaiicial assels Ihal are Individlially S￿nI11¢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 Date Mon 2011012025 08 30 To Conor Maskey 2 attachments12 MBI Signed - Intercomm Ireland 31-03-24 FULL pdfr Signed - Inlercornm Ireland 31-03-24 Charitycommissionn1 pdf. Hi Conor Please find attached the signed accounts as discussed If you have any Queries please do not hesitate lo contact me Kind Regards Brian McFetridge FCA Senior Audil & Accounls Manager My normal working hours are Monday to Thursday 8am to 4 30pm 8elf8St Office 405 Lisburn Road, 8elfasl 8T9 7EW 1 028 9066 3111 f 028 9066 4466 Lurgan Office 12 Windsor Avenue, Lurgan BT67 9BG t 028 3832 2071 f 028 3832 9939 PGM is thg trading namg ol PGMCA Lid l Oif4Ctor Paul G Mcfveavèy FCA CompBny No Nl 6120701 Rtysl•od ai t)ur B*lt•Sl oifK• This email. and 8ny fil85 Iransmiiiod wtih it, Is confidential and lor use by the a¢¢reSS￿ Ifyots ar* not Ihè Inionde(S recipigr)l you rnusl not us• d15close dislribuie copy, pnnt or relay tsn this rnes58ge Please IIOIty Ihe sender by reiufn &"m811 and then delele ¢he mess8oe from ￿ur cfjmpvt¢r Any vifrw 8/pr8ssed In this massage ao lfvJse ol ihe Indiwrtual sènder excepi whgre speofi¢ally slaled its b8 the wows ol PGM Whilsi 811 èflorts are made lo s•fèguard In)ound and outtxy￿nd emails. we do accept 8ny responsibility lof virv$¢8 and tl IS your respon¥knlily to scan any 81lachmnl8 IEFfAGOXlecc8f65-ad50-48c3-902b- 65867995b45bX4a16cbc28cfe364fb628a78d178c29466c2165bOXb933S06b1e381df5b6f1 a74b389efe7dZZ