3i · requirernents of the companies act2014. ftlatters on which we are required to report by the...
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eompamy reglstration number: 29120S
SAFE IRELAND NATIONAL SOCIAI. CHANGEAGENCY CLG
Financial statements
for the financial year ended 3i December 2016
SAFE IRELAB{S }8AT!ONAI- SOCIAL CFIANGE AGENEY CLG
eontents
Directors and other information
Directors report
Directors responsibilities statement
lndependent auditor's repon to the members
Income and Expenditure Account
Statement of income and retained earnings
Balance sheet
Slaiei'nent of cash flows
Notes to the finaneial statements
Page
1
2-3
4
5-6
7
I
I
10
11-15
Eireetors
Secretary
Gornpany number
Hegistered offiee
Eusiness address
Aud0tor
Bankers
SAF'E IffiELAND I'TATIO$IAL SCICIAL CHANGE AGENGY G!-GCompany limitcd by guarantee
Efreators and other information
ANN LARKXI{
DEIRDRE LAWLORSIOBHAN McKENNAKATHLEEN MTJRPHY
ANNAMARIE FOLEYDENISE DUNNEANGELA COURTNEY
ANN LARKIT{
291205
NO.5 CENTRE COURTBLYRY tsIJSINESS PARKATHLONECO. WESTMEATH
NO.5 CENTHE COURTBLYBY BIJSINESS PARKATHLONECO. WESTMEATI{
O'SULLIVAN, KEEGAN & CO.21 PEARSE ST,ATHLONECO. WESTMEATH,
ALI.IED IRISX.iBANKKEI-LSCO MEATF{
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SAFE IRELAND $.€ATS&NAL SOCNAL EHANGE AGESICY CLG
D0reetens repod
The directors present their annual report and the audiied financial statements of the company for thefinancial year ended 31112116.
DireclorsThe names of the persons who at any time during the financial year were directors of the cornpany are asfollows:
ANN I.ARKINDEIRDRE LAWI.CRSIOBI{AN McKENNAKATFTLEEN MUBPFIYANNAMARIE FOLEYDENISE DUNNEANGEI-A COT.JRTNEY
Frincipal activitiesSafe lreland National Social Ghange Agency GLG represenls refuges and support seruices that are workingin ihe area of violence against women. lt aims ts be an agent ol change in lrish society, a resource to ilirnembers, and a co-ordinator of agreed high shndards of praetice and procedures in services, as well asreflecting h(;h standards of professionalism in its own progtam of activities. lt operates frorn its prernises atNo" 5 Centre Court, Elyry Buslness Park, Athlone, Co. W+stmeath.
Principal risks and uncertaintiesThe Directors have not identified any specific risks or uncertainties affecting the Company, The costs ofrunning the Company are consistent with prior year and are expected to remain constant in lhe future.There, the directors do not foresee any risks or uneertainties in this regard.
Likely future developrnenlsThe Direclors are not expecting to make any significate changes in the nature of the business in the nearfuture.
Aecounting recordsThe measures iaken by ihe directors to secure compliance with the requirements of sections 281 lo 285 ofthe Companies Act 2014 with regard to the keeping of accounting records are the implementation ofnecessary policies and procedures for recording iransactions, the employrnent of competenl accountingpersonnel with appropriate expertise and the provision of adequate resources lo the financial furrction. Theaccounting records of the company are located at the Registered Office.
Helevant audit infonnationln lhe case oi each of tho persons who are directors at the time this report is approved in accordance withsection 332 of Companies Act 2014:
' so far as each director is aware, there is no relevant audit information of which the company's statutoryaudilors arg unaware, and
' each director has taken all the steps that he or she ought to have taken as a director in srder to makehimself or herself awars of any relevant audil information and to establish that tfTe cornpany's staiutoryauditors are aware of that information.
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SAFE IRHLAffiD NATBOhBAL SOCIAL &ffiAtrGE AGS$UCV CLG
Bireetors nepoffi (aomtinued)
This report was approved by the board of dinectors on 25104t17 and signed on behalf of the board by:
G,*< lne^&* d)-*ze*; l'/'{n***ANN LARKINEirector
SIOBI-{AN, McKENNADirector
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$AFE IffigLAfrID FIAT}OF,IAL S&GIAL Eft{A*{GE AGENGY CtG
Direetors nespensihiiifies statermeert
The directors are responsible for preparing the directors report and the financial statefi.Ients in accordancewith applicable lrish law and regr.llations.
{rish cornpany law requires the directors to prepare financial statements for each financial year. Under thelaw, the directors have elected to prepale the financial statements in accordance with Conrpar-ries Act 2014and FRS 102 'The Financial Beporting Standard applicable in the UK and RepuUic
"t Iretar'0" issued by the
Financial Reporting Council, and promulgated by ihe lnstitute ol Certified iruntic Acctuntants in lreland,Under- Gornpany law, lhe directors must not appr6ve the financial statements unless they are satisfied thatthey give a true and fair view of the assets, Iiabiiities and financial position of the company as at the financialyear end date and of the profit or loss of the company for the finincial year and oth'enwise comply witn inJCompanies Act 2014.
ln preparing these financial statements, the directors are required to:' select suitable accounting policies and then apply them consistently;' make judgments and accounting estimates that are reasonable and prudent;" state whether the financial statements have been prepared in accordanee with applicable accounting
siandards, identify those standards, and note the effect and the reasons for any materiat departure fror[those standards; and
3 prepare the financial statements on the going concern basis unless it is inappropriate to presume that thecompany will continue in business"
The directors are responsibleJor ensuring that the company keeps or causes to be kept adequaie accountingrecords which correctly explain and record the transactioni of the company, enable
"at any iime the assetiliabilities, financial position and profit or loss of the company to be oetermined with reaionable
"""rrr"y,enable them to ensura that the financial statements and diiectirs report comply with the Companies Act 20.,4and enable the financial stalements lo be audited. They are also r6sponsinie for sateguiroing the assets ofthe cornpany and hence for taking reasonable steps ior the preyention and detection ot fraud and otherirregularities
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we have audited the financial statements of $AFE TRELAND NAT|oNAL SoctAL oHANIGE AGENcy cLGtor the year ended 31112116 which connprise.the profit and loss account, statement of income and retalnedearnings, balance sheet, statement oi cash fl6ws and related notes. The reterint financial reoorrinofrarnework tlrat has been applied in their preparation is the Companies Act ZA14 and FR'S'i'ilff; ;ffi;];jReporting standard applicable in the uK and Republie of lreland.issueo ny ine Finun.i"l Reporling counciland promulgated by the lnstitute of certified public Accountants in lreland.
This report is made solely to..the cornpan/s members, as a body, in accordance with section 3g1 of ilreCompanies AcL2014. Our audit work has been undertaken so that we might state to the compan/s mernbersthose matters we are required to state to them in an auditor. r"fiort andloruo uth"r. prrpo"". To the fullestextent permitted by law, we do not accept or assum€ responsibility to anyone other rrdn trre ."*pa6y unJtn*company'S mernbers as a body, for our audit work, for this report, Lr tor the oplnions we fraye formed.
Respective responsibilities of directors and auditorAs explained more fully in lhe directors responsibilities staternent sel out on page 4, the directors areresponsible,lor the preparation of the financial statements and for being satisfiuO fi"tir,ey give a true and fairview and otherwise comply with the companies.A g\?014. our responsibility is to audit and express an opinionon the financial staternents in accordance with lrish law and lniernationat Standards on Auditing (UK andlreland). Those standards require us to comply with the Auditing Piactices-aofi;;- Ethical standards forAuditors.
Seope of tlre ardit of the finaneial statementsAn ar;dit involves obtaining evidence about the amounls and disclosures in the financial statements st:fficientto Eive reasonable assurance that the finaneial statements are free trom rnateriii misstatement, whethercaused by fraud or error' T'his includes an assessment of: whether the accounting policies are appropriale tothe company's circurnstances and have. been consistenlly applied ;d ;6dately disctosed; thereasonableness of significant accounting estirnates madg by the directors; and the overall presentatiofl of thefinancial statements' ln addition, we reJd all the financial and non-financial information in trre directors repoftto identity nnaterial inconsistencies with the audited financial starernents and to ioenrity any information that isapparently materially incorrect based on, or malerially inconsistent with, tfre rnowleo$e-acquireo by us in thecourse of performing the audit. lf we become aware of any apparent material misstaternents orinconsistencies we consider the implications for our report.
Opinion on financial staternentsln our opinion the financial staternents:' give a true and fair view of the assets, liabilities and financiat position of the company as at 91/12116 and ofits loss for the year then ended; and' have been properly prepared in aecordance with lhe relevant reporting framework and, in particular therequirernents of the Companies Act2014.
ftlatters on which we are required to report by the companies Act 2014" We have obtained all the information and explanations which we consider necessary for the purposes ofour audit.
" ln our opinion the accounting records of the company were sufficient to permit the financial stateylents tobe readily and properly audited"' The financial statentents are in agroement with the accounting records.' ln our opinion the information given in the directors report is consistent with the financial staternents.
lmdepemdemt auditor's repoffi to the membcns ofSAFE IRELATqE iltATICIHAL SOeHL CHATGE AGETOY eLG
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lndependemt auditor's repo* to il.ae rflembers ofSAFE |RELATD NATIOT,{AI. SoelAL CT{AHGE AGEnxcY GLG (eontinued}
Itlatters sn which we are required to repod by excepttonwe ttave nothing to report in respect of our obligalion under the companies Act 2014 which require us toroport to you if, in our opinion, the disclosures of directors remuneration inO transactions specified by sections305 to 312 of the Act are not made.
4.1l\,-,4' f /,@) *"., c f{*
DONAI- KEEGAN, C"P.ilA
For and on behalf ofO'SULLIVAN, KEEGAN & CO.21 PEANSEST.ATHLOT!ECO. WESTMEATI.{"
25/04/'t7
Fage 6
Income
Gross Inconne
Administrative expenses
Expemditure over tncome
Exeess Expenditure oyer lncome
SAF€ IRE!-Af.ID I'IATIOhIA&- S0CIAL CFIANGE AGEhICY GLG
lncome and expenditure aceountFlmanclal year ended gI/iA16
Note
2016 2015€€666,299 540,636
666,289 540,636
{694,634) {541,541)
{28,345) (90s)
{28,345) (905)
Ali the activities of the company are from eontinuing operations.
The company has no other recognisec items of inconre and expenses other tl-lan ihe results for the financialyear as set out above.
The m@tes @ix pages 11 to i5 form pa,t of tEaeee f{elame$al $taterees:?s.
Fage 7
4
SAFE ffiEE.AruO IqATM9{AB- SOGIAL EHANGE AGEhXEY CLG
$tatemecit of income and retained earmimgs' Flnamcial year ended 37l1Yi6
2015E
{28,345) {eos)
1 'tr 8,041 1 19,946
89,696 '1 18,041
2016E
Loss for the financial year
Hetained earnings at the stant of the tinancial year
Retained earmings at tlre end of the finamcial year
Fage I
Fixed assetsTangible assets
eurrent assetsDebtorsCash at bank and in hand
Greditors; amoumts faiting duewithin one year
ldet eurrent as@t$
Total assets less eurrent liabilities
hlet assets
eapitaland reservesProfii and loss account
Menobers funds
$AFH TffiELANB NAW&ruAL SOCfiAL CF{A&IGE AGEffiey eLG
Baiamec sg?eet
As at 31/12/16
9fi{A
${ete € €
6 2,939
2,939
7 17,339241,213
201 5
€€
677
677
218,552
E (131,795)
1,667223,090
224,757
(1 07,393)
8$,757
89,696
89,696
89,696
89,896
tSo,dA*L /,/ "/G4.q-SICBHAN McKEI\NADirector
The motee sm pages x'l to trS form part of thcse *imameiag statermemts"
117,364
I 18,041
1 19,041
1 18,041
119,041
These financial statements were approved by the board of directors on 25/o4/17 and signed on behalf o, theboard by:
- r i^#a,.,7 /a{-WAI{I\JLAFiKINJ
Director
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SAFE {ffiELAtrB NAYTSffiAL SCICBAL CHANGffi AGffitrEY CLG
Stateffient of aash flowsFiraame!'a$ year eetded 3t/'Xeli6
eash fBows fnom opcrating aatEwitiesLoss for the financial year
Adjustrnents for:Eepreciation of tangible assetsAccrued expensesl(inconr e)
Changes in:Trade and other debtorsTrade and other creditors
Cash generated from operations
Net cash used in operating activities
Sash fiows frorm invest6ng eetivEtEesFurchase of tangible assets
Net cash used in investirrg activities
Net ircerease/(deerease) in eash and easle equlvalcntseash and eash equlvatrents at begEr:roing of fimancia$ year
Cas$: aald oash equivalemts at end sf flmamcia8 year
2016
€
(28,345)
1,639(883)
t15,672)25,285
2015zL
(e05)
338(610)
(5,521)
{20,092)
(17,977) {26,790)
(17,s77) {26,7e0)
(3,900) (1,015)
-E{ry) -!,015)
t21,877) {27,8A5)223,090 250,995
201,213 223.OgO
Pegc t&
2.
SAF€ IRELANP MAT!CIIIIAL SsclAL GHAHGE AGE'{CY GLG
Hotes to the financial statementsFinaneial year ended Blti?/16
Statemertt of eonrptrlanee
These tinancial statements iave been prepared in connpliance with FRs 102, The Finanrcial RepofiingStandard applicable in the IJK and Republie of lreland,.
Aecounting polieies
Basis sf preparationThe financial statements r,3yq !.Tn prepared on the historical cost basis, as moditied by the revaluation ofcertain tinancial assets and liabilities and investment properties measured at fair value through profit or loss,
The financial statements are prepared in Euro, which is the functional cunency of the entity.
Transltion to FRS't02The entity lransitioned from previous lrish GAAP to FHS 102 as at 01/01/15. Details of how FHS ]02 hasaffected the reported financial position and financial performance is given in note .10.
Tanglble assetsTangible assets are initially recorded at cost, and are suhsequentiy stated at cost less any accumutateddepreciation and irnpairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluationless any subsequent accurnulated depreeiation and subsequent accumulated impairnleni to."u.,
An increase in the carrying amounl of an asset as a result of a revaluation, is recognised in othercomprehensive income and accumulated in capital and reserves, excepl to ihe exterit it reverses arevaluation decrease of the same asset previ6usly recognised in profit or loss. A decrease in thecarrying amount of an asset as a result of ievaluation is re'cognised in other cornfrenensive income tothe extent of any previou_siy recognised revaluation increasiaccumulated in Jdpital and reserves inrespect of that asset. Where a revaluation decrease exceeds the accurnulateo revaluation gainsaccurnulated in capital and reserves in respect of that asset, the excess shall be recognised in prjtit orloss.
DepreciationDepreciation- is calcuelated so as to wrfte otf the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:
lf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation ii revised prosflectively to reflect tfre new estirnates.
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SAFE IRELAND NATIONAL SOCIAL CHANGE AGENCY CLG
Notes to the financial statements (continued)Financial year ended 31112116
lncome
lncome arises from
Funding lncome (see below)
2016 2015€€
666,289 540,636:
-ol the lncome is attributable to the principal activity of the company wholly undertaken inThe wholelreland.
TUSLA FundingThe Community Foundation for lreland lmpactGrantsThe Community Foundation for lreland Donor Funds
POBAL (DECLGiDHPCLG)coscTHE WHEELINASC ProjectSNAP ProjectDept. of JusticeOther lncome
Operating loss
Operating loss is stated after charging/(crediting):
Depreciation of tangible assetsFees payable for the audit of the financial statements
2016 2015€€
269,000 251,75010o,0oo 91,00065,00080,758 74,606
40,0006,538 5,969
20,681 45,39856,979 18,722
5,500 6,40061,833 6,791
686,289 540,636
2016 2015€€
1,638 3382,591 2,591
Page12
4.
SAFE 5ME[.4$'8S NATSO${AL S@O!A!. EHAruGE AGE${CV CLG
$lotes to the fistarnel"a[ statemeslts ieontimued]Finamelal ycar emded 3iliU16
Statf eosts
The average number of persons employed by the company duringdirectors, was as follows:
Employees
The aggregate payroll costs incurred during the financial year were:
Wages and salariesSocial insurance coslsOther retirement benelit costs
the financial year, including the
2016 2015l'lumber Number
54
20r6€
202,55A
28,22515,129
305,910:
2015c
193,421
20,79311,721
225,935-...-'-...::]'-.---
FaEe'!3
SAFE IRELAB{D f,{AT!O3.IAB- SOGiAL Gfr{A${GE AGET.IGY CLG
b8etes tCI the firtaneEatr statermcnts {eontimued)Finaneial yean ended 3Xl1U'16
6, TangibNe assets
eostAt 01/01/16Addilions
At31t'12fl6
DepreeiationAt 01/01116
Charge for thefinancialyear
At 31/1416
Carrylng amountAr 31/12/X6
CostAr 01/01/15Additions
At31/',tzJ15
DepreciationAr 01/01/15
Charge for thefinancialyear
A:t.31t12/15
Garuying amountAt 31112/15
Fixtures,fittings andequipment
EE
1,015
3,900
338
1,638
Fixtures,littings andequipment
€
1,015
4,9.i5 4,915
Total
€,
1,0'15
3,900
338
1,638
1,976 1 ,976
2,939 2,939
Total
1 ,015
1,0't 5 1,015
338 338
338338
677 677
Page 14
SAFE {ffiEtA$SS NATfiO&I-&L S&CfiAE- CHAhfGE AGEI{GV SE-G
t{otes to the finameia! statememts (eomtialued}Financiaf, year en'rded 3'l/1916
v" Debtors
Trade debtorsPrepayments and accrued incorne
8. eredEtors: arnoumts fa$limg due wEthln one ycar
Trade creditorsDeferred incomeTax and social insurance:
PAYE and socia!welfareAccruals
20'!6€
15,364
1,975
17,339
-2016
€37,15''82,000
8,5074,137
i ai 708
201 5
€
't,667
1,667
2A15
€18,26277,253
6,8585,020
107,393
6
{n
Employee benetits
Theamounl recognised in profit or loss in relation to defined contribution plans was €'lS,129 (2015:€1"t,721).
Transitiom to FBS 102
These are the first financial statements thai cornply with FRS 't02. The company transltioned to FRS102 on 01/01/15.
Reconciliation of equltyNo transitional adjr.lstrnents were roquired.
Reconciliation of profit or loss for the financial yearNo transitional ad.lustments were required.
Approval of financial statements
The board of dlrectors approved these financiail statements for issue on 25 April 2017.
"! x.
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SAFE IRELAT.€B B{ATIOhIAL SOGIAL EHANGE AGE${CV EtG
The follorp6mg pages do mot fonm part of the statutory aeeoslslts"
SAFE IHELAND IUATIOI{AI- $OE!A!. CI{AT.TGE AGEilCY CLG
Eetailed lneorne and Expenditure Accoucnt
Financial ycar ended 31/1U16
laleoffi?e
Overheads
Administrative expensesWages and salaries
Employer's PRSI contributionsStatf pension costs - defined contributionStaff training and supportPremises coslsOther office costsProjeets deliveryNotworklng and representationICT costsTravelling and subsistenceBoard costsFinancial management costsAuditors remuneration
Bank chargesDepreciation of tangible assets
Operating loss
Loss om ordinary actlvlties before taxation
666,289 540,636
2016€
666,289
(262,556)
{28,225){15,129)
{4,615){14,951)
(2,926)(290,926)
(2,204)
{'t7,870){22,369)
(6,453)(21,525)
{2,591}{656)
(1,638)
{694,634)
{28,3r'.s]
(28,345)
201 5tli
540,636
(541 ,541)
(e05)
__f9?
{193,421)
{20,793)(11,721)
(5,410)
114,628)
t4,460)(218,824)
(3,348)(16,811)(15,366)
(7,350)
{25,830)
{2,591)(650)(338)
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