Charity Registration Number: 109180 Company Registration Number.. N1052280 Intercomm Ireland (A Company Limited by Guarantee) Trustees Report and Financial Statements for the year ended 31 March 2025 AEHYV6NM 2211212025 COMPANIES HOUSE A30
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Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Contents Pages Trustees, annual report (incorporating the directorfs report) Independent Examiner's report Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows 10 Notes to the financial statements 11-18
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Trustees Annual Report (incorporating the Directors, Report) The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the period ended 31 March 2025. Reference and admlnlstratlve detalls Registered charity name Intercomm Ireland Charity registration number 109180 Company registration number N1052280 Registered office Unit 24. North Belfast Business Centre 2 Duncairn Gardens Belfast BT15 2GG Prlnclpal office Unit 24, North Belfast Business Centre 2 Duncairn Gardens Belfast BT15 2GG The Trustees Ms L Marshall Mr G Trimble Ms A O'connor Mr P Loughins Mr L Maskey Key Management Personnel Conor Maskey Gordie Idvalker Independent examiner Paul McAreavey FCA PGM Chartered Accountants 405 Lisburn Road Belfast BT9 7EW Bankers AIB 11-15 Donegall Square North 8elfast 8T15GB
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Trustees Annual Report (incorporating the Directors, Report) Structure. governance and management Governing Document INTERCOMM IRELAND is a company limited by guarantee and governed by its memorandum and articles of association. Board of Trustees There is a Board of Trustees responsible for oversight of company policies and procedures. Each Trustee agrees to contribute up to £1 in the event of the charity winding up. The Trustees elect a Chairrnan from among themselves at a meeting of the Board of Trustees, to act as Chair for a period of 12 months. Members of the Company In addition to the Trustees, there is also another body, the voting Members of the Company, the equivalent of shareholders in a private company, to whom the Trustees are accountable. This body appoints the Trustees, approves the Audited Accounts and appoints the Bank, Auditors and Solicitors to be used by the company, on an annual basis at the Annual General Meeting. The members of the Company also agree to contribute up to £1 in event of the company winding up. Appointment of trustees The Trustees shall be elected at the Annual General Meeting by the members present. Retiring Trustees shall be eligible for re*lection. Recruitment of Trustees is by invitation, recommendation or request to join the board by individuals. The names, background etc are then presented to the current board for a vote Organisation The directors meet quarterly and are SPonSible for the strategic direction of the company. The day to day management of the company is overseen by the chief executive officer. Objectlves and actlvltles We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Inte0MM Background INTERCOMM was founded in 1995 as a di ct response lo growing concerns about sectarian and political conflict at a time when there was an emerging disconnect between what was evolving at the macro political level and what was happening wilhin and beeen grassroots communities. This disconnect created a vacuum in which there was no communication or co-operation across interfaces and indeed communities. This was particularly dangerous in urban areas which suffered a high level of deaths and injuries throughout the conflict. This created serious mistrust, fear and suspicion across all sectors of the community. Over the last 28 years, INTERCOMM has played a pivotal role in the peace- building process in across Ihe island of Ireland. INTERCOMM was established as the result of growing community concems about the lack of formal structures to deal with political and sectarian unrest in the absence of meaningful intercommunity contact. It seeks to help construct a concrete and viable peace.
Intercomm Ireland Company Limited by Guarantee Financial Ststements Year ended 31 March 2025 Trustees Annual Report (incorporating the Directors, Report) Intercomm Strategic Vision to help create a united community, based on equality of opportunity, the desirability of good relations and reconciliation, one which is strenglhened by Its diversity, and where the blight of economic deprivation has been eradicated through successful community led regeneration and conflict resolution. Intercomm Objective8 1. To build peace by working with communities and constituencies by building trust and promoting understanding beeen those emerging from conflict., 2. To alleviate the problems associated with sectarian and political conflict through stimulating economic regeneration in areas most affected by the political conflict: 3. To integrate practical experiences into the policy-making process; and 4. To facilitate best practice exchange and disseminale peace building learning locally and internationally. Strategic report The following sections for achievements and performance and financial review form the strategic report of the charily. Achievements and performance Intercomm continued to make a significant contribution to building and sustaining the peace locally and sharing lessons internationally. This is an evolving context where anti-peace process elements continue to be intent on fuelling tensions and where mainstream resources are diminishing Itis a serious cause for concern that will shape and inform future programme planning. This continues to involve working with local communitieslagencies across Ireland to cement peace at locallregional levels. After the selling of our building asset 290-292 Antrim Rd and move to the new shared premises along with Duncairn Community Partnership, this has enabled us lo continue operating in a 'shared-space' environment (on a North Belfast safe interface location). We continued to deliver on our important and relevant Peace-Building activities across North Belfast and beyond. Via the North Belfast Strategic Good Relations Programme {NBSGRP) we continued to emphasise large Good Relations events, particularly in the form of Markets in public parks. The larger events, in Alexandra and Waterworks Parks in particular, were able to draw in thousands of residents from across North Belfast interfaces to Good Relations activities. Our Executive Director resigned during the reporting period, however as a Board Member still continues to play a significant advisory role on serious Peace Building matters at the highest levels within local government and Irish Govemment structures. including within Policing in both jurisdictions. Over the forthcoming reporting period Intercomm will facilitate an exercise for 8 new Strategic Plan (3- 5 yrs) taking on board our acute changed strategic circumstances over the past few years.
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Trustees Annual Report (incorporating the Directors, Report) Strategic Partnerships Intercomm's work with strategic partners within the NBSGRP continues. We continue to work the extremely important strategic partnership with Duncaim Community Partnership with the aim of removinglredesigning North Belfast 'Peace Walls,. Financial review At the end of the year INTERCOMM IRELAND showed a deficit for the year of £56,795 bringing the fund balance of INTERCOMM IRELAND to £195,902. The unrestricted fund balances amount to £193,748 and restricted fund balances of £2,154. Principal funding sources INTERCOMM IRELAND has been working to promote peace building and to enhance progress to a shared and better future across Northern Ireland. In these endeavours we have been supported over the years by the Northern Ireland Community Relations Council ICRC), the Atlantic Philanthropies (Nl}, The Executive Office (formally the Office of the First and Deputy First Minislerl, International Fund for Ireland (IFI) and the Special European Programmes Body. Reserves pollcy The board has examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be beeen 3 and 6 months of the expenditure. Expenditure for 2025 was £173,261 and therefore the target is £43,315 to £86,630 in general funds. The reserves are needed to meet the working capital requirements of the charity and the board are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. Plans for future periods We aim to stabilise our existing programmes of work whilst developing new streams of work. We particularly seek, in partnership with Duncairn Community Partnership, to develop large eventslactivities in North Belfast Parks (particularly Alexandra Park), In tandem, we seek to play a partnership role with others in working to address issues associated with the wall in Alexandra Park {the only Park in western Europe divided by a peace wall). We also intend to develop further the use of Podcasting and new technologies to best promoie our good practise. We especially wish to seek the best use of the audio content we hold from the approx. 45 online hislory episodes lead by our friend and colleague Eamon Phoenix, who sadly passed away in November 2022.
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Trustees Annual Report (incorporating the Directors, Report) Trustees. responsibilities statement The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources. including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to-. select suitable a¢UntIng policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure Ihat the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor Each of the persons who is a trustee at the date of approval of this report confirms that= so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware., and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees, annual report and the strategic report were approved on 16 December 2025 and signed on behalf of the board of trustees by. Mr P Loughins Trustee
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Independent Examiner's Report I report on the financial statements of INTERCOMM Ireland for the year ended 31 March 2025 set out on pages 8 to 18. Respective responsibilities of Trustees and Examlner As the charity trustees (and also the directors 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 Charities Act (Northern Ireland) 2008. Having satisfied myselfthat the charity is not subject to audit under charity law, and is eligible for independent examination, it is my responsibility to.. examine the accounts under section 65 of the Charities ACL follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65191{b) of Ihe Charities Acl., and stale whether particular matters have come to my attention. Basis of Independent examlner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(91(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented wilh those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material mailers have come to my attention giving me cause to believe.. 1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act and with the methods and principles of the Charities Statement of Recommended Practice applicable to charilies preparing their 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 understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (11 to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Irelang I have found no matters that require drawing to your attention. Paul McAreavey FCA PGM Chartered Accoun 405 Lisburn Road Belfast BT9 7EW Date: 16 December 2025
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Statement of Financial Activities 31 March 2025 31 March 2024 Unrestricted Restricted Total funds funds funds Total funds Note Income and endowments Donations and legacies Other trading activities Total Income 7,084 101,882 108,966 108,034 15,066 123,100 101882 116 466 Expenditure Expenditure on charitable activities Total expenditure 60,439 112,822 173,261 284,854 112 822 173 261 284,854 Net lexpenditure) Transfers betrween funds Net movement In funds 145,855) 110,9401 156,795) (161,754) Reconciliation of funds Total funds brought forward Total funds carrled forward 239 603 193 748 252 697 195 902 414 451 252,697 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The note$ on pages 11 to 18form part otthe$e flnonclolst9t¢ment$.
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Statement of Financial Position 31 March 2025 31 March 2024 Note Fixed assets Tangible fixed assets 13 1,028 1,604 Current assets Debtors Cash at bank and in hand 14 15 60,282 158 543 218,825 328,749 154,825 483,574 Crodltors: amounts falllng due wlthln one year 16 232 481 Net current assets 194 874 251093 Total assets less current Ilabllltles 195 902 252 697 Net assets 195 902 252 697 Funds of the charlty Restricted funds Unrestricted funds 2,154 193,748 13,094 239,603 Total charity funds 19 195 902 252 697 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 Ihe Board of trustees and authorised for issue on 16 December 2025, and are signed on behalf of the Board by.. Mr P Loughins Trustee Company Registration Number.. N1052280 The noteson pages 11 to18forrn partotthes8 financlal8tst•ment8.
Intercomm Ireland Company Limited by Guarantee Financial Ststements Year ended 31 March 2025 Statement of Cashflows 31 March 2025 31 March 2024 Note Cash flows from operating activities Net (expenditure) l income Adjustm8nls for Depreciation of tangible fixed assets Changes in.. Trade and other debtors Trade and other creditors Cash generated from operations Net cash (used inllfrom operating activities 156,795) (161,754) 576 690 268,467 119,570 196,763 238,257 238.257 157 875 157 875 Cash flows from investing activities Disposal of investment property Net cash from investing activities 225,000 225,000 Net Increaso1(docrease) In cash and cash equlvalents 157,875 (13,257) Cash and cash equivalents at beginning of period 628 Cash and cash equivalents at end of perlod 158,503 628 The notes on pages 11 to 18form partofthesefinonclalstotsments. 10
Intercomm Ireland Company Limited by Guarantee Financial Ststements Year ended 31 March 2025 Notes to the financial statements 1. General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northem Ireland. The address of the registefed Offi is Unit 24, North Belfast Business Centre, 2 Duncairn Gardens, Belfast, BT15 2GG. 2. 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 IFRS 1021 (Charities SORP IFRS 10211, the Charities Act (Northern Ireland) 2008 and the Companies Act 2006. Intercomm Ireland meets the definition of a public benefit entity under FRS 102. 3. Accountlng pollcie8 3.1 Basls of preparation 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 fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity 3.2 Going concern The Board acknowledge that there was a deficit of £56,795 (2024.. deficit £161,754) showing in the accounts for this 12 month accounting period. The Board are however satisfied with the Financial Review (page 51, detailing its overall current position. They also acknowledge that the accounting period deficits in both accounting periods were due to extreme and unique circumstances described below. The Board appreciates that the recorded deficit for the 2 accounting periods was essentially due to 2 major factors.. a) The Board acknowledge that the deficit for the year to 31 March 2024 (£161,754) was due to unintended consequences arising from a serious staffing disciplinary maller and associated legal costs. This resulted in the need for the charity to fund core programme and wage payments from reserves on a iemporary basis whilst funders and partners satisfied themselves as to the Charity's handling of the staffing issue. b) Expenditure has been reduced considerably in the year ended 31 March 2025 resulting in a deficit for the year of £56,795 compared to £161.754 for the year ended 31 March 2024. The Board has carried out an assessment on the going concern status of the Charity and given the level of reserves and the projected income and expenditure for the 2026 year onwards, the Board are therefore confident that the Charity will be able to operate for 12 months from the date of signing of these accounts.
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Notes to the financial statements (continued) 3. Accounting policies (continued) 3.3 Judgements and key sources of estimatlon uncertalnty 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. 3.4 Fund accountlng 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-classés.. restrlcted income funds or endowment funds. 3.5 Incoming resources All incoming resources are included in the statement of financial activities when entillement 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 as restricted. 12
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Notes to the financial statements (continued) Accounting policies Icontinued) 3.6 Resources 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 of financial 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. expendilure on charitable activities includes all costs incurred by a charity in undertaking activities that further Its charitable aims 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 activilies they contribute to on a reasonable, justifiable and consistent basis. 3.7 Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assels carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure wilhin the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value. over the useful economic life of that asset as follows.. Fixtures and fittings Equipment 250/0 reducing balance 25°/o Straight line
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Notes to the financlal statements (continued) Accounting policies (continued) 3.8 Impaimient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. 3.9 Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. 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 significance, 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. 14
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Notes to the financial statements (continued) Accounting policies (continued) Financial instrument8 (contlnued 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 exceeds what the carrying amount would have been had the impairment not previously been recognised. 3.10 Defined contribution 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. Vvhen 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 a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 4. Llmlted by guarantee Each of the members of the company has guaranteed to contribute to the assets of the company in the event of the same being wound up to the extent of £1. 5. Donations and legacies Total Funds 2025 Total Funds 2024 Unrestrlcted Restrlcted Funds Funds Grants Nl Community Relations Council Contract Income Sustrans TEO Ashton Community Trust 101,882 101,882 97,104 4,476 6,454 6,850 234 6,850 234 7,084 101,882 108 966 108,034 6. Other tradlng actlvltlas Total Funds 2025 Total Funds 2024 Unrestricted Restricted Funds Funds Room hire 7,500 7,500 15,066 7. Expenditure on charitable activities by fund type Total Funds 2025 Total Funds 2024 Unrestricted Restrlcted Funds Funds Promotion of Peace Building Strategy Support costs 5,473 54,966 60,439 112,822 118,295 175,994 108,860 284 854 112,822 173,261 15
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Notes to the financial statements (continued) 8. Analysis of support costs Promotion of peace building strategy Total 2025 Total 2024 Staff costs Premises Communications and IT General office Govecnance costs 61,568 19,372 4,906 868 40,033 8,936 875 5,122 54,966 40,033 8,936 875 5,122 108,860 9. Taxation The Charity's activities fall within the exemptions afforded by the provisions of the income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts. 10. Net (expenditure) Net lexpenditurel is stated after charging.. 31 Mar 25 31 Mar 24 Depreciation of tangible fixed assets 576 690 11. Staff Cost3 The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 76,461 3,310 142,678 10,129 156,758 The average number of employees during the period was 2 (2024.. 4). No employee received employee benefits of more than £60,000 during the year (2024-. 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 services provided to the charity was £80,595 (2024.. £80,719) 12. Trustee remuneration and expenses The charity trustees were not paid or received any other benefits from employment with the Charity in the year (2024.. £nil). During the year they were not reimbursed for travel expenses (2024.. £nil). No charity trustee received payment for professional Of Other serwices supplies to the charity (2024.. £nil). 16
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Notes to the financlal statements (continued) 13. Tangible fixed assets Flxture8 and fittings Equipment Total Cost At 1 April 2024 At 31 March 2025 18,e62 18,662 21,144 21,144 2,482 Depreciation At 1 April 2024 Charge for the period At 31 March 2025 17,291 343 17,634 2,249 233 2,482 19,540 576 20,116 Carrying amount At 31 March 2025 At 31 March 2024 1,028 1,371 1,028 1,604 233 14. Debtors 31 March 2025 31 March 2024 Trade debtors Other debtors 49,472 106,750 221999 328 749 60,282 15. Cash and cash equivalents 31 March 2025 31 March 2024 Cash at bank and in hand Bank overdrafts 158,543 40 158 503 154,825 154197 628 16. Credltors amounts falling due wlthln one year 31 March 2025 31 March 2024 Bank loans and overdrafts Accruals and deferred income Social Security and other taxes 40 18,258 154.197 29,453 48,831 232,481 17. Pensions and other post-retirement benefits defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £4,134 (2024.. £3,951). 17
Intercomm Ireland Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Notes to the flnanclal statements (continued) 18. Analysis of charitable funds Unrestricted funds At 1 April Income Expenditure 2024 At 31 March 2025 General funds 239,603 60 439 193 748 Restricted funds At 1 April Income Expenditure At 31 March 2024 2025 NI CRC Belfast City Council IFI PIP DFC 101,882 (101,882) (7,775) (2,611) (554) 7,775 2,611 2,708 2,154 13 094 101 882 112 822 19. Analysis of assets between funds Unrestricted funds 2025 Restricted Total funds 2025 funds 2025 Total funds 2024 Tangible fixed assets Current assets Creditors due < 1yr 1,028 210,171 1,028 218,825 1,604 483,574 232 481 252 697 8,654 193 748 2,154 195 902 20. Elhlcal standard In common with many other entities of our size and nature we use our auditors l independent examiners to prepare and submit retums to the tax authorities and assist with the preparation of the financial statement5. 21. Contingencies A contingent liability exists to repay grants and Trust monies received should certain conditions not be fulfilled by the Charity. In the opinion of the Trustees, the terms of the Letters of Offers have been, or will be, complied with and no liability is expected. 22. Financial instruments Trade receivables and trade payables are initially recognised at the transaction value and subsequently carried at their settlement value. Both have not been discounted to present value because the transactions are expected to be settled within 12 months of the reporting date. 23. Capital Commltments The charity did not have any disclosable capital commitments as at the 31 March 2025. 18