COMPANY REGISTRATION NUMBER: N1618264 CHARITY REGISTRATION NUMBER: NIC100033 Dreamscheme Northern Ireland Company Limited by Guarantee Unaudited Financial Statements 30 March 2023 FEB CHARTERED ACCOUNTANTS Chartered accountants Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG Dreamscheme Northern Ireland Company Limited by Guarantee Financial Statements Period from 1 April 2022 to 30 March 2023 Page Trustees, annual report (incorporating the directorfs report) Independent examinerfs report to the trustees 10 statement of financial activities (including income and expenditure account) Statement of financial position 11 12 Notes to the financial statements 13 The following pages do not form part of the financial statements Detailed statement of financial activities 22 Notes to the detailed statement of financial activities 23 Dreamscheme Northern Ireland Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Period from 1 April 2022 to 30 March 2023 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the period ended 30 March 2023. Reference and administrative details Registered charity name Dreamscheme Northem Ireland Charity registration number NIC100033 Company registration number N1618264 Principal office and registered 77a Saintfield Road office Belfast Northern Ireland The trustees Mr D Currie Mr W K Mcclean Mr D A Nicholl Mr D J Wilson Ms H E Grills Mr J A Mcvicker (Appointed 19 May 2023) Independent examiner Michael Flannigan FCA Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG Dreamscheme Northern Ireland Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (continued) Period from 1 April 2022 to 30 March 2023 Structure, governance and management Our governance Dreamscheme was set up as a ¢ompany limited by guarantee in May 2013 {NI 618264) and registered as a charity with the Charity Commission for Northern Ireland in March 2014 (NIC 100033). Dreamscheme is governed by a Board of six Trustees, two of whom are qualified a¢¢ountants, two are successful entrepreneurs with extensive business experience al senior management (MD) level and the other two Trustees have many years, experience at Director and senior management level in the voluntary sector. The Board is supported by a Board Administrator. The Chairman is a recognised expert in corporate governance. The Treasurer (a qualrfied accountant) is responsible for ensuring that sound financial systems and controls are in place. Supported by our accountanls, the Treasurer ensures Compliance with all charity and company law requirements. None of the Trustees are members of the company and no Trustee has any beneficial interest in the company. The Trustees mel seven times during 2022123. The Trustees have appointed a Chief Executive lo manage the day-to-day operations of Dreamscheme Norlhern Ireland within a Framework of Control established by the Trustees. All of our Trustees, staff and volunteers are subject to Disclosure & Barring Setvice (Access Nl) check5 and receive regular training on our Safeguarding Children and Young People Policy and child protection matters. Our Safeguarding Policy is refreshed annually, and safeguarding is an item on the agenda of every Board meeting. Reserves Policy Reserves are the part of a charity's unrestricted funds that are freely available to spend on any of Ihe charity's purposes. The definition excludes restricted income funds and endowment funds, although holding such funds influences our reserve policy. 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 restricted funds not committed or invested in tangible fixed assets held by the charity should be 3 months of the expenditure. The reserves are needed to meet the working capital requiremenls of the charity and the Board are Confident that at the level agreed they would be between 3 monlhs of the expenditure. The restricted fund is currentty in deficit, but the charity's policy will be to transfer funds from the u nreslricted reserves to return the reslricted funds to a surplus position. Dreamscheme Northern Ireland Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Period from 1 April 2022 to 30 March 2023 Objectives and activities Our purpose and ethos Dreamscheme Northern Ireland was established in June 2004 and, since then, we have been working with at-risk young people between the ages of 11 and 18 in Belfast, Lisburn & Castlereagh and more recently Antrim. We are a youth development organisation seeking to bring about positive transfomiation in young people and communities. We do this through delivering targeted interventions, including detached youth work, drop-in sessions, diversionary programmes, mentoring. developmental activities and community work. The five core aims of Dreamscheme Northern Ireland are to.. 1. Provide young people in disadvantaged areas with attractive alternatives to risk taking behaviours, anti-social activity, civil unrest and crime 2. Connect young people with their local communities and encourage active, positive citizenship on the part of young people 3. Challenge racist and sectarian behaviours, combal prejudice and create a safe space for young people to explore ideas 4. Affinn young people, encourage ambition, build potential and encourage a sense of self-worth 5. Develop young people with skills and abilities to become future leaders in their communrties At the core of our existence is our desire to transform the lives of at-risk young people in disadvantaged areas of Northern Ireland. Motivated by Christian compassion, we believe in the worth of every young person regardless of their background and have a deep commitment to making a difference. We aim to provide hope, long-term practical support and positive role models. Overall progress In our Annual Report last year, we set out three main priortties for 2022123.. 1. Delivering our full Dreamscheme programme to the young people across our five current areas of operation 2. Expanding Dreamscheme Northem Ireland's operations into one major ¢entre outside Greater Belfast where there is a signtficant and unmet need 3. Expanding our mentoring programme in schools l am pleased to report that we have made signtficant progress on all three fronts. 1. Delivering our full Dreamscheme programme Dreamscheme continues to deliver excellent work in our core hubs and we have made a real difference in the lives of our young people Ihis is evidenced by the positive feedback received from the young people themselves, their parents, communrty leaders etc. Dreamscheme Northern Ireland Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) fcontintsed) Period from 1 April 2022 to 30 March 2023 2. Expanding our operations outside Greater Belfast In January 2023, we launched a new Dreamscheme operation in the Ballycraigy Estate in Antrim an area of serious deprivation and unmet social need. This followed a very successful pilot scheme undertaken in the Summer of 2022. 3. Expanding our mentoring service in schoo15 We expanded our mentoring work in schools and are now working with 42 pupils in four schools. In the past year, we provided 270 mentoring sessions. Dreamscheme Northern Ireland Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Period from 1 April 2022 to 30 March 2023 Achievements and performance Who did we reach? During 2022123, Dreamscheme Northem Ireland supported 340 young people across our five Centres and our new Antrim operation. What did we do? We delivered 587 youth work activities including 41 evenings of street work {East Belfast, Botanic, Castlereagh), 276 Centre-based group activities provided with our core programmes and 270 mentoring sessions. We currently have 33 volunteers who delivered 3800+ voluntary hours in the past year. What difference did we make? Dreamscheme Northern Ireland is committed to measuring the impact and p051tNe outcomes of our work with young people. According to our end-of-year survey of participants involved in our mentoring and Centre-based programmes: 93% of respondenls learned something new through Dreamscheme programmes- 84/0 of respondents had improved their emotional and mental wellbeing- 84 /0 believed Dreamscherne had empowered them to give back to their community- 82'k thought that Dreamscheme had helped them improve their relationships- 100°/o of participants were 'satisfied' or 'very satisfied, wrth the youth services provided by Dreamscheme (with 830/0 'very satisfied'l 1000/0 of mentees would recommend our mentoring service to a friend 7 young leaders completed Dreamscheme's youth leadership programme and are now actively leading in their community Feedback from parents "Dreamscheme has been the glue that has kept our family togetherf. "A wonderful place full of amazing people who have time for the younger generation and see the best in these kids. They encourage the kids to make the best of themselves, give them the drive to be better people and better to each otherf, "Both my children have participated in the programmes, and l cannot stress enough how invaluable Dreamscheme is to the local youth during their teenage years" "They give young people a safe space to be themselves and be honest. They are also a space to grow and learn in a fun wayl The programmes are just what they need.. "Dreamscheme is a lrfeline for young people in our community providing a safe space and great opportunities" "Dreamscheme is a great organisation that loves young people and aims to help them thrive in their life through building long lasting relationships as well as impacting communities Feedback from schools Dreamscheme Northern Ireland Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continue¢¥ Period from 1 April 2022 to 30 March 2023 "Dreamscheme is our number one external support partner in Breda, and we're proud to have you as part of our school community. Lizzie and Jonny have built excellent relationships with their students and this has impacted on improved behaviour, increased self-confidence and esteem and improved relationships for our pupils" Gillian Scott, Vice Principal. Breda AGademy Feedback from young people "Dreamscheme is so good. IVS like my safe place" "I would recommend Dreamscheme to everyone, I have so much fun every time I go. and it has helped me to become more confident" "Dreamscheme enables young people to feel valued. That someone is actually interested in them and cares for them. It also gives them opportunities to learn. To learn new skills and also learn something about themselves. And all of this is done with an element of fun and a relaxed atmosphere" "Dreamscheme engages young people in ways that parents and teachers cannot. Relating to us and supporting us in a vulnerable slage of life and leading us towards positive life choices "Dreamscheme is a fun and safe place with leaders who have become like family" One of the highlights of the year In May 2022, one of our volunteers (Chloe Chapman), who has come up through Dreamscheme from the age of 12 to becoming a young leader and now a volunteer, accompanied our Chairman, David Nicholl, to a Garden Party in Buckin9ham Palace in recognition of the award of the Queen's Award for Voluntary Service to Dreamscheme Northern Ireland in 2021 (the Garden Party was deferred to 2022 due lo Covid-19}: QAVS Citation.. Making a difference to and bringing hope into the lives of young people in their local communities. "Her Majesly and the QAVS National Committee have seen the way in which the work of Dreamscheme is delivering for young people in this and other areas across the City, and they have judged this Outstanding outstanding in vision, delivery and in achievement." Lord Lieutenant for Belfast, Fionnuala Jay O'Boyle CBE Challenges faced during the past year The significant expansion of our work during the past year both in lemis of geographical expansion and the growth of our mentoring service in schools has put significant pressure on our staff team. We recruited Iwo new part lime youth workers during the year to address this issue. However, we have been struggling to cope wtth the corresponding growth in finance and fundraising activity where we have traditionally been reliant on Truslees to undertake much of this actNlty. This is no longer a realistic option going forward if we are to deliver our ambitious plans for growth. Unfortunately, Dreamscheme was unsuccessful in recruiting a Fundraising Manager and Finance Officer over the past year despite several attempts to do so. Equality Dreamscheme accepts young people from all communities and backgrounds. We work with young Dreamscheme Northern Ireland Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Period from 1 April 2022 to 30 March 2023 people.. With little or no involvement in any other youth groups or organisations- Vulnerable to exploitation by paramilitary organisations Hanging around hot spots late at night wrth potential for anti-social behaviour- Engaged in risk taking activitie5 e.g. drug and alcohol misuse From marginalised groups such as migrants and Roma young people Our mentoring service in schools support5 vulnerable pupils, many with mental health issues, serious family problems, behavioural issues (as evidenced by suspensions from school) and many of whom have given up on education and any hope for their future. Financial review Our financial perfomiance in 2022123 Dreamscheme generated an overall defictt of £14,098 for 2022123 with income of £198,365 and expenditure of £212.463. This deficit compares to a budgeted surplus of £314. Our total unrestricted reserves were £43,633 at 31 March 2023 compared to £62,731 at 31 March 2022. The results for the financial year are set out in more detail in the Statement of Financial Activities at page 11. The principal reason for the deficit in 2022123 was a shortfall of £25,000 in statutory income received against the budgeted figure. This was largely caused by the decision of a large local authority to cut back significantly on the funding that it provides to the voluntary sector. The Trustees have revised the statutory income target for 2023124 downwards to reflect this ongoing situation and have refocused our fundraising efforts on Trust Funds and corporate & individual donors lo compensate. This revised strategy has already bore fruit in the first quarter of 2023124. The Trustees are satisfied that our financial reporting system5 are exlremely robust and generate high quality financial information for Trustees and staff. The Trustees consider a detailed financial report and a fundraising report at every meeting. Dreamscheme Northern Ireland Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conunuedj Period from 1 April 2022 to 30 March 2023 Plans for future periods Our plans and priorilies over the next three years include the following.. Expanding Dreamscheme's operations into three new a￿aS of serious deprivation across Northern Ireland where there is an unmet need Delivering our full Dreamscheme programme to 160 young people across our frve existing areas of operation Expanding our mentoring programme in schools - there is a huge unmet need for this service and we have been approached by several schools who want to work in partnership with us. Public Benefit Statement Purpose 1.. the advancement of education spe¢tfically to provide education, training and support to any groups establishing projects calculated to develop the physical, spiritual and mental capacities of young persons under the age of 25 that they may grow to full maturity as individuals and members of society and their conditions of life may improve. What benefit flows from this purpose? Dreamscheme Northern Ireland- Provides young people in disadvantaged areas with attractive alternatives to risk taking behaviours, anti-social activity, civil unrest and crime Connects young people with their local communtties and encourage active. positive citizenship on the part of young people (e.g. through providing community volunteering opportunities) Provides the statutory authorities (e.g. police, health and emergency services) with opportunities to connect with at risk young people in a posittve manner Challenges racist and sectarian behaviour. combats prejudice and creales a safe space for young people to explore ideas Affirms young people, encourages ambition, builds potential and encourages a sense of self-worth Can we demonstrate benefit? "The work that Dreamscheme does is having a real positive impact in engaging young people mosl at risk and helping to reduce anti-social behaviour in the area. I wish that there could be more projects like Dreamscheme Nl operating across olher neighbourhood5 of Castlereagh.. Derek Martin, Commander Castlereagh, Police Service of Northern Ireland IPSNI) We undertake surveys of the young people who attend Dreamscheme and regularly obtain feedback from the PSNI and other funderslpartners on the benefrts delivered as a result of our activities (mostly through independent evalualions). A recent evaluation report (commissioned by Casllereagh Borough Council Leisure Services) found Ihat= young people on our restorative justice placements had experienced a positive shift in attitudes toward offending,. community work by young people had resulted in better community relations and a greater sense of 'community safety the scheme had improved the general outlook and self-esteem of young participants-, workshops had helped to change attitudes to harmful attitudes and activitie5- the outings 'Reward Points. programme had been highly valued by young people many of whom would not otherwise have been able to participate in the activities on offer. Is there any harm or possibility of harm and, if so. is it outweighed by the benefit? The only harm that we have identified through our risk assessment is the possibility of harm to our staff and volunteers al the hands of one or more young people but this is a moderate to low risk and is outweighed by the substantial and demonstrable benefits delivered through our projects and activities. Who is the benefit fo The young people that Dreamscheme serves are aged 13 - 18 years and include.. Young people with little or no involvement in any other youth groups or organisations Young people who are vulnerable to exploitation by paramilitary organisations Those who have been involved in previous polrtical unrest and l or violence Those hanging around hot spots late at night with potential for anti-social behaviour Young people engaged in risk taking activities e.g. drug and alcohol misuse. Dreamscheme Northern Ireland Company Limited by Guarantee Trustees, Annual Reptsrt (Incorporating the Directorfs Report) (eon¢lnuettJ Period from 1 April 2022 10 30 March 2023 8mall Gornpany prnvlslons Thls rcpDrt hr)t> boon proparctl In aCcordar￿0 wilh tho provisi)n5 appllcabk lo companies enltlled to Ihe small companies cxcmpiion. The Iru5tees' annua report was approved on 18 Al￿￿$t 2023 grxl slgned on behalf of the knard of tTUStees by.. Mr D A Nicholl Trustee Dreamscheme Northern Ireland Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Dreamscheme Northern Ireland Period from 1 April 2022 to 30 March 2023 I report to the trustees on my examination of the financial statements of Dreamscheme Northem Ireland ('the charity,) for the period ended 30 March 2023. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 A¢t'l. You are satisfied that the accounts of the company are not required by charity or company Saw to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are nol required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Direction5 given by the Charity Commission for Northem Ireland under section 65(9)(b) of the 2008 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting record5 were not kept in respect of the charity as reqL5ired by section 386 of the 2006 Act., or the financial statements do not accord with those records-, or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. H K&L3L Michael Flannigan FCA Independent Examiner Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG 10 Dreamscheme Northern Ireland Company Limited by Guarantee statement of Financial Activities (including income and expenditure account) Period from 1 April 2022 to 30 March 2023 Year to 31 Mar 22 Period from 1 Apr 22 to 30 Mar 23 Unrestricted Restricted funds funds Total funds Total funds Note Income and endowments Charitable activities Investment income 91,796 156 106,413 198,209 156 209,240 Total income 91,952 106.413 198,365 209,253 Expenditure Expenditure on charitable activities Expenditure on governance costs Total expenditure 109,726 1,324 101,413 211,139 1,324 189,613 1,478 111,050 101,413 212,463 191,091 Net lexpenditure)lincome and net movement in funds (19,098) 5,000 (14,098) 18,162 Reconciliation of funds Total funds broughl foward Total funds Carried forward 62,731 62,731 44,569 43,633 5,000 48,633 62,731 The statement of financial activities includes all gains and losses re¢ognised in the year. All income and expenditure derive from continuing activities. The notes on pages 13 to 20 fomi part of these financial statements. 11 Dreamscheme Northern Ireland Company Llmlled by Guarantee Statement of Financial Position 30 March 2023 30 Mar 23 31Mw22 Fixed ass•ts Tangib18 fix8d a$￿t8 14 1,217 629 Current as5È1s Debtors Cash al bank arxl In hand 16 14,773 43,2 58.069 8,045 75.127 83,172 Credltors-, arnounts falllng ttu• wlthln one year Net current assets 16 10,653 47,416 48,633 48,633 21.070 62,102 62,731 62.731 Total asséts loss curr•nl Ila)Illll•s Net aSSEIs Funds of the rharity Restricl@d lunds UnrestfStst&l thnd$ 5.000 43,633 62,731 Total charlty funds 18 48.633 62,731 For the Feriod ending 30 March 2023 Ihe charity was enlilled lo exemption from audit under section 477 of the Companies Act 20C￿ relatvig to smau companies. DIr￿tOrs, responsibilitle& The mernbers have not requlred the C￿panY to obtaln an audit of fts finandal statements fof the porlod In quesllon accordance wlth sectkjn 476-, The directors acknowle(13e th￿r responsibilit￿S for conplsring the requif8ments of the Act wfjth respect to accoLmting re￿dS and the preparation of finar￿￿31 statements, These finanual staten%nts have been pre￿red in aGGry(18nG8 y￿th th8 pfoYK%ions applicable lo Gompani8s subject to the smam companies, regime. Thoso fina￿la1 sialoffténis wcrL' approved by Ihe board ol trustees and 3uthorlsed ￿ issue on 18 August 2023, and are si￿ed on behalf of Ihe board by.. Ir D A Nlcholl Trustèe The notès Ofi PA9èA 13 to 20 IDmi part tsf thesè fflnanclal statements. 12 Dreamscheme Northern Ireland Company Limited by Guarantee Notes to the Financial Statements Period from 1 April 2022 to 30 March 2023 General infomiation The charity is a public benefit entity and a private Gompany limited by guarantee, registered in Northern Ireland and a registered charty in Northern Ireland. The address of the registered office is 77a Saintfield Road, Belfast, Northem Ireland. Staternent of compliance These financial statements have been prepared in complian￿ with FRS 102, 'The Financial Reporting Standard appli¢able 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 (FRS 102) (Charities SORP {FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabillties and investment properties measured at fair value Ihrough income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going Concern There are no material uncertainties about the chartty's abilty to continue. Fund accounting 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