Charity Accounts Intelreading the accounts so you don’t have to

NOW Project Limited

Northern Ireland charity NIC100093 · record on the register of charities in Northern Ireland (CCNI) · accounts PDF · all Northern Ireland charities

Latest income
£5.0m
Latest spending
—
Accounts read
FY2025

Website: www.nowgroup.org

Financial health, per FY2025 accounts

The accounts state that the charity reported a net expenditure of £124,848 for the year, resulting in a decrease in total net assets from £1,646,682 to £1,521,834. Per the trustees' report, unrestricted reserves stood at £1,296,401 at year-end, which the charity considers to be £417,817 in free reserves representing two months of operating costs. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Related-party transaction: The Now Project Limited paid graphic design costs of £24,120 to Gerry-Can Graphic design a business owned by Gerry Monaghan, husband of CEO Maeve Monaghan. As at 31 March 2025 amounts owed to Gerry-Can Graphic Design totalled £5,400.
“During the year ended 31 March 2025 The Now Project Limited paid graphic design costs of £24,120 to Gerry-Can Graphic design a business owned by Gerry Monaghan, husband of CEO Maeve Monaghan. During the year Gerry Monaghan also provided pro-bono support amounting to £21,265 to The Now Project Limited. As at 31 March 2025 amounts owed to Gerry-Can Graphic Design totalled £5,400 (2024: £265).” — page 37
Per FY2025 accounts as filed with CCNI.
Related-party transaction: The Now Project gave a grant of £185,187 to related party entity Now Training and Employment Enterprise CLG.
“During the year ended 31 March 2025 The Now Project Limited paid graphic design costs of £24,120 to Gerry-Can Graphic design a business owned by Gerry Monaghan, husband of CEO Maeve Monaghan. During the year Gerry Monaghan also provided pro-bono support amounting to £21,265 to The Now Project Limited. As at 31 March 2025 amounts owed to Gerry-Can Graphic Design totalled £5,400 (2024: £265).” — page 37
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Included within debtors is £20,203 due from Gauge NI C.I.C.
“During the year ended 31 March 2025 The Now Project Limited paid graphic design costs of £24,120 to Gerry-Can Graphic design a business owned by Gerry Monaghan, husband of CEO Maeve Monaghan. During the year Gerry Monaghan also provided pro-bono support amounting to £21,265 to The Now Project Limited. As at 31 March 2025 amounts owed to Gerry-Can Graphic Design totalled £5,400 (2024: £265).” — page 37
Per FY2025 accounts as filed with CCNI.
Fundraising cost ratio: 347421.0% of fundraised income
“The total amount of employee benefits received by key management personnel in the period was £347,421 (2024: £305,172). The Charity considers its key management personnel comprises of the Chief Executive Officer, Chief Operating Officer, Chief Services Officer and Director of Funding and Impact.” — page 31
Per FY2025 accounts as filed with CCNI.
Independent examiner: AAB Group Accountants Limited
Per FY2025 accounts as filed with CCNI.
Register data and accounts from the Charity Commission for Northern Ireland, used under the Open Government Licence. Automated analysis; the filed accounts are authoritative.