Charity registratlon number NIC100110 Company registration number N1028045 (Northern Ireland) COMMON YOUTH LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
COMMON YOUTH LTD LEGALAND ADMINISTRATNE INFORMATION Truste9¥ Dr J Deacon C Dixon F Harris D Mccluskey D Schubotz Secretary A MGLaren Charlty number NIC100110 Company numbèr N1028045 Règlstorod offico Cathedral House 2nd Floor 23-31 Waring Street Belfast BT1 2DX Audltor Harbinson Mulholland Centrepoinl 24 OTmeau Avenue Belfast Co. Antrim Northern Ireland BT2 8HS Banker• Ulster Bank Limlted 11-16 Donegall Square East Belfast BT15UB Ajdermore Bank Western House Lynch Wood Peterborough PE2 6FZ Nationwide Bullding Soclety Kings Park Road Moulton Park Northampton NN3 6NW
COMMON YOUTH LTD CONTENTS Page Trustses. report Independent auditols report ststement of financlal actlvltles Balance sheet Statement of cash flows 10 Notes to the financlal staternants
COMMON YOUTH LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trusteas present their annual report and financial statements for the year ended 31 March 2023. Th8 financial statements hav6 baen prepared in accordance with the accounting policies set out in note 1 to Ihe financial statements and comply with the charitys goveming document, the Companies Act 2006 and 'Accounling and Reporting by Charities: Statement ol Recommended Practice applicable to charities preparing their a¢counls in accordance with the Financial Reporting Stand8rd applicable in the UK and Republic of Ireland IFRS 1021" {8ffective 1 January 20191. ObJ¢¢tlv•s and adlvltlos Common Youth's mission ststèment Is: 'To ensure that all ¢hlldren and young people have a¢c&ss to high quality, fr88 and confidenllal sexu81 health services. as well as education and 5UPPQrt. To enable Ihem to make infonned, actSve cholces about Ihelr personal and sexual relatsonships so they can enjoy Ihelr sexuality without harm. Common Youth provides cliniGal and educational 8eTvices for young people and training for prolessionals. We provide a seven day a week clSnic service in 8elfast city centre {8 session$) and a session a week clinic In Coleraine. We offer free confidential sexual health advice as well as condoms, contraception. STI testing and Irealmenl, pregnancy lesling, emergency conlrac8Ption and information and advice for under 20s. Common Youth also offer an integrated STI 18sling and treatment service and a male only dinic for under 25s. Infomiation workers In Belfast clty centre PTemlses a85iSt In the busy clinics to ensure Ihgt young people have an opportunlly to acce65 health promotion messages and they also provide support for the increasingly busy STI clinic sessions. EduGatlon and training is a key aspect of our work and we continue to respond to requests for professional Irainlng. We deliver innovallve seNices deslgned with Ihe help of young people. We provide servic85 across Ihree key areas.. Clinical and support Services. Education and training- and Advocacy, campalgnlng, lobbylng and Influencing. We work wllhin 8 quality assurance framework and Generation S of Inveslors in People., Ihls ensures that Common Youth's services for young people are consistently the besL The trustees have PBld due gard to guidance Issued by the Charity Commlsslon in deciding whal acllvltles the charily should undertake.
COMMON YOUTH LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Achlevements and perfomiance Looking back over the last 12 months, l am pleased to say that Common Youth have had another successful year. Not only have we continued to provide an integrated conlraceplive, sexual health and counselllng service for young people under 25, we have also had Ihe pleasure of celebrating a massive 30 years in sexual health. Now that is su¢c&ssl There is much lo ¢elebrate, and I feel very honoured to have been a part of 20 of those 30 years. Over the lasl three decades. we have grown from offering 2 weekly sessions to running a 7 day a week seNice with 10 clinical sessions across Belfast and Coleraine. The addition of an educatlon unit, training unil, and counselling unit has allowed us to offer a unique, integrated approach lo supFh)rting young people with their sexual health and wellbeing. Our participation group continues lo keep us focused on Ihe ever-evolving needs of young people allowing us to P05ibon ourselves lo best meet those needs as we move forward as an organisation. Common Yovlh is 8 drop-in clinic offerlng a full range of conlraceptlon and STI testing and treatment seNices. We take gre81 pride in our relaxed and inclusive atmosphere and our non-jsjdgemental approach: this year we provided ,549 consultallons. Young peopl& have voted with their feel and have dearly beneflted from our holistic approach. This year we successfully seCUd funding for a full-tirne counsellor. This role allows us to provide a vital service to young people who require both acute and ongoing support wlh a range of challenges in their lives. Our counselling seiCe encompasses adolescent mental health counselling, pre and post abortion counselling. and counselling for those affected by sexual assault. abuse and exploilalion. This service has Gomplimented our existing provision by increasing our ability to support those most in need in an environmant that they trust. Many vulnerabl8 young people have reported feeling empowered and 'heard' for lh8 first time. Common Youth recognised the need to in¢r8ase condom distributlon 2nd encourage use amongst the youth population considering the high number of positive pregnancy tests and positive Chlamydia and Gonorrhoea tests this year. We have worked closely with the universities by providing STI testing and condoms as well as additional STI sessions in our Belfast and Coleraine clinics. We have also been working in partnership with the Public Health Agency and organisations across Northern Ireland to provlde young people aged 1 &25 have with free condoms and lubricant through the C-card scheme. The project launches in 2023 with training. data m8nagemenl and condom distr¢bution courtesy of Common Youth. Our Education Team has continued to engage with schools and youth seNlces across Northern Ireland. We have deliver8d our fact-based, youth ¢enlr8d RSE programmes to 2,100 young people in schools and 426 young people In the community, ensuring that young people's right to inclusive, objective information is met. Plans for th• Futuro Looklng to the future, we plan lo contlnue providing a one slop shop for young people's sexual heallh need$. Responding lo the increasing needs related to mental health and well-being and young people with complex challenges by providing access lo counselling, psychos8xLbal Counselling, well-boing support and educational inteNenlions. We plan lo provide training for profe55ionals around the new RSE curricsjlum set to be introduced In schools, launch the Common Youth podcast and expand our specialist clinical seTviGe5 for young pgople with L8aming Disabilities. Thanks to 811 our $18ff, volunteers and p8rtlClP81ion gmup for their continued dedication 8nd passion m8lttng Common Youth so successful over the last 30 years. Roll on the next 301 Flnancial revlgw The company is a non-profit making organisalion. The results are set out in detail on page B. The company had nel outgoing resources for the year of £17,570. The princip81 funding sources of the charity are by way of grant, principally from the Public Health Agency and Tnjsts. Resgrves Pollcy The tnJsle8s have examined the charity'5 requirements for reserves in light of the main risks to the funding of the organi5ation. Unrestricted free reserves ar8 currently £336,797. as detailed in note 19, and this level af reserves would be sufficient to fund the organi5ation's running costs for a period of six months at CLJrrenl levels of spending and cover redundanry payments for the current staff. The trustees consider thls level of reserves to be adequate to meel the needs of the charity.
COMMON YOUTH LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 It Is the policy of the charlty that unrestricted funds whlch have not been designated for a specific use should be malnlained at a lev81 equivalent lo beiween three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of 8 significant drop in funding. they will be able to continue the charity's cuffenl activitie5 while consideration 15 given lo ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Structure. governance and management Governing Document The organisation is a company limited by guarantee wlth charity statu8. The company is gov8rned under Ils Articles of Association which established the objects and powers of the company. In the event of the company being wound up members are required to contribute an amount nol exceeding £5. Re¢rullm8nt and Appolntment of TN•tees The directors of th8 company are also charity trustees for the PUTposes of charity law. Under the requir8ments of the Articles of Association the numbar of trustees shall not be less than five nor more than 20 persons appointed by the board. The Irusla&s appointed by the board are required lo retire on Ihe third anniversary of the data of his or h8r last elecllon or appointment and Is ellglbl8 for 8 r8-appolntment for one furth8r pedod. The Iruslees of the company havé a mlx of business, medic81, resèarch and equality skills. In the event of particular skills b8ing lost due lo retirement or resignation, sultsble individu818 ar8 approached to offer themselves for appointment a5 trustees. Trustse Induction and Tralning Most new tru51ees are already familiar with the work of the charity. New trustees are encouraged to attend suitable training courses to familiarise themselves with both the work of the charity and their responsibilili&s as directors. Rlsk Management The trustees have c8rrled out a review of the major risks to which the charity is exposed, and where appropriate have put in place systems and controls to mitigate the effects of those risks. Koy Management During the year In review the day to day running of Common Youth was overseen by Arfene McLaren (Director) and the Senior Managemènt Team, consisting of the SeTvIces and Training Manager and Senlor Doctor. The trustees. who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial 5taternents were.. Dr J Deacon C Dixon F Harris D Mccluskey O Schubotz C Tubridy E Paul8y (Resigned 13 December 20221 (Resigned 28 June 2022)
COMMON YOUTH LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Slatement of trustees. responsibilities The trustees, who are also the directors of Common Youth Ltd for the purpose of company law, are responsible for preparing the Trustees, Report and the financial slalemenls in accordance with appllcable law and Unlted Kingdom Accounting Siandards {Uni18d Kingdom Generyally Accepted Accounting Practice), Company Law requires the trustees to prepare flnancial statements for each financial y&ar which give a true and falr view of the slate of affairs of the charity and of the incoming resources and application of resources, including the Income and expenditure, of the charitable company for that year. In preparing the88 financSal statements, the trustses are required to: select suitsble accountlng pollcie$ and then apply them consistently,. - observe the methods and prlnciples in the Charfties SORP: make judgements and estimates that are reason8ble and prud8nt- and prepare th8 financial statements on the golng concem basis unless 11 is inappropriate to presume that the charlty will continu& in operation. The trusl88s are responsible for keeping adèquate accounting Tecords that dlsclose wlth reasonable 8ccur8cy at any lime th8 financ181 position of the charfly 8nd enable them lo ensure that the financial slatements comply wlth the Gompanies Act 2006. They Bre also responsible for safeguardlng the assets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregul8rities. Audltor In accordance wllh the companV5 articles, a resolution proposing that Harbinson Mulholland be reappolnted as auditor of the company wll b& put at 8 General Meeung. etru lees, report as approved by the Board of Truslae8. I,M Wlqcts A McLaren Se¢retsry Date: .
COMMON YOUTH LTD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF COMMON YOUTH LTD Oplnlon We have audited the financial statements of Common Youth Ltd (the 'charity'l for the year ended 31 March 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements. including significant accounting policies. The financial reporting framework that has been applied in their prep8ration is apICable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Flnanci81 Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom GenerallyA¢cepted Accounting Practlco). In our opinion, the financial statements.. give a true and fair view of Ihe state of the ¢hantable company's affairs as al 31 March 2023 and of its incoming sourceS and application of resources, for the year then ended.. have been properly prepared in accordance wlh United Kingdom Generally Accepted AccounUng Practice. and have b88n prepared In accordance wlth the requlrements of the Companles Act 2006. Basis for oplnlon We conducted OUT audit in accordance with International Standards on Auditing {UKI {ISAs (UKI) and applicable law. Our responsibilities under those standards are further descTtbed in the Auditorfs responsibilities for fhe audit of the financi81 statements 5e¢tion of our report. We are independent of the rhanty in accordance with the ethical requirements that are relevant to our audit of the financial 51alements in the UK, including the FRC'S Ethic81 Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obl8lned is sufflclent and appropriate lo provlde a basls for our oplnlon. Conclusions relatlng to golng concern We have nothing lo report in respect of the followong matters in relatson to which the ISAS IUKI require us lo report to you were.. the directors, use of the going concern basis of accounting in the preparation of the financial statements Is not appropriate; or the directors have not disclos&d in the financial slal&men18 any identified material uncertaintles that may cast slgnlficanl doubl about the group's or tha P8Tent company's ability lo continu& lo adopt the going concem basis of accounting for a period of al least e1ve months from the date when the financial statem8nls are authorised for issu8. Other informatlon The other information comprises the information Induded in the annual report other Ihan the financial statements and our auditor's report thereon. The trustees are responsible for the other infoffft81ion contained within the annual report. Our opinion on the financial slalemenls does not cover the other infonnalion and we do not exprèss any form of assurance conclusion thereon. Our responsibility is to read thé other information and, in doing so, Consider whether the other information Is aterially inconsistent with the financial statement5 or our knowledge obtained in the course of the audit. or otherwise appears to be materially rni55taled. If we identify such material inconsistencies or apparent malerial mi551atements. we are requlred lo determine whether this gives rise lo a malenal misstatement in the financial slat8ments themselves. If, b8sed on the work we have performed, we conclud8 that there is a material Tllisstatemenl of this other information, we are required lo report that fact. We have nothing to report in this regard.
COMMON YOUTH LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMON YOUTH LTD Mattèrs on whlch we are required to Teport by exceptlon We have nothing lo repart in respect of the following matters in relation to which the Charities (Accounts and Reportsl Regulations 2008 require us to report to you if. in our oplnlon.. the inform8tion given iri the financial stat8ments 15 inconsistent in any material respect wilh the trustees, report,. or sufficient accounting records have not been kept., or the financial statements are not in agreement with th8 accounting records,. or we have not received all the information and explanations we require for our audit. Respon81bllltles of trustees AS explained more fully in the statement of trustees, responslbilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inlemal control as the trustees determine is necessary to enable the preparation of financial statem8nts that are free from material misstslement, whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continu8 as a going concern, discloslng, as applicable, mall8r$ r$laled to going concern and using the going concem basis of accounting unless the Iruslees 8Slher Inlend to liquidate th8 charitable company or to c&ase operations, or have no realistlc alt8rnatlV8 but to do so. Audltoe8 re8ponsibiliti•s for thg 8udlt of the financial stst8rnent8 Our objectlves are to obtaln re8sonable assurance about wh8ther th8 finandal stat8m8nls as a who18 are fr&8 from material mlsstatemenl. whether due to fraud or error, and to issue an auditor's report that Includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS {UKI will always detect a material misstalemenl when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could wasonably be expected to influence the economic decisions of users taken on Ihe basis of these financial Statements. A further description of our responsibilities is available on th& Financial R8POrting Council's websit& al.. https'.11 wvM.frc.org.ukJaudltorsresponslbllltles. This descrlplion forms part of our audltor's pOrt Our approach to idenllfylng and assesslng th& rlsks of material mlsstatement In raspect of Irregularilles, includlng fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured Ihal the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with appliGable laws and regulations., we identifi8d the laws and reguSalions applicable to the company through discussions with directors andlor senior management, and from our commercial knowledge and experience of the sector.. Wa focused on specific laws and regulatlons which we considered may have a dlr8ct material eff8cI OD the financial statements or the operallons of the cornpany, includlng Companles Act 2006, taxation leglslation, data protection, anti-bribery, employment, environment818nd health and safety legislation we assessed the extent of compliance with the laws and regulab'ons identified above through making enquiries of management and inspecting legal correspondence,. and identified laws and regulations were communicated within the audit tearn regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company s financial statements to materlal misstslemenl, Indudlng obtaining an understanding of how fraud might oGGur, by.. rnaking enquiries of rnanagement as to where they considered there was susceptibility to fraud, their knowledge of adual, suspected and alleged fraud: and onsidering th8 internal controls in place to mitigale risks of fraud and non-compliance with laws and regulaliori5',
COMMON YOUTH LTD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMON YOUTH LTD To address the risk of fraud through management bias and override of controls, we.. performed analytical procedures to identify any unusual or unexpected rèlationships; tested journal entries to identify unusual transactions; assessed whether judgements and assumptions made in determining the accounting e5timales set out in Note 2 were indicative of potential bias,. and investigated the rationale behind significant or unusual transactions., In response to the risk af irregularities and noTFcompliance with laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with govemance-, enquiring of management as to actual and potential litigation and daims., and reviewing correspondence with HMRC and the company's legal advisors,, Use of our report This report is made solely tc the company's members, as a body, in accordance with section 391 of the Companies Act 2006. Our audit work has been underteken so that we might state to the company's members those matters we are required to slate to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as 8 body, for our audit work, for this report, or for the opinions we have formed. +L c,~ Angela Craigan (Senior Statutory Auditor) for and on behalf of Harbin80n Mulholland Chartered Accountants Statutory Auditor Centrepoint 24 Omieau Avenue Belfast Co. Antrfm Northem Ireland BT2 8HS Harbinson Mulholland is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor ofa company under section 1212 of the Companies Act 2006.
COMMON YOUTH LTD STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrèstricted Restrfcted funds fund6 2023 2023 Total Unrestrictsd Restrictsd funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Chantable activitles Investments 438,675 7,050 5,747 240,744 679.419 7.050 5.747 469,097 9.844 3.647 152,456 621,553 3,647 Total Income 451,472 240,744 892,216 482.588 152,456 635,044 Ex endlture on: Raising funds Charitable activities 21,665 417,664 21.665 681,143 18,124 437,956 18,124 550,667 263.479 112,711 Total expendltura 439,329 263.479 702,808 456,080 112,711 568,791 Net gainslllosses) on investments 11 16,9781 {6.978) 5.952 5,952 Nèt Incomlnglloutgolng) re8ourco5 before transfer8 5,165 122,7351 117,5701 32,460 39.745 72,205 Gross transfers beten funds 25.122 125,1221 N•t movement In funds 5,165 122,735} 117,5701 57,582 14,623 72,205 Fund balances 811 Aprll 2022 443.983 37,489 481.472 386,401 22,866 409,267 Fund balan¢e• at 31 March 2023 449,148 14.754 463,902 443,983 37.489 481,472 The ststement of finanaal activities indud8s all gains and losse5 r8cognlsed in the yéar. AJI income and expenditure derive from conlinulng activilles. The statement of financi81 activities also complies with the requirement8 for an income and expenditure account under the Companie5 Act 2006.
COMMON YOUTH LTD BALANCE SHEET ASAT31 MARCH 2023 2023 2022 Nots8 Flxed assets Tangible assets Investments 13 14 19,468 92.883 18,116 97.023 112,351 115,139 Current assèts Stocks Oebtors Cash at bank and in hand 15 18 31,705 46.745 360,360 17,855 59,724 381,696 438.810 439.275 Cr•dltor¥: amounts falllng due wlthln on8 year 17 187,2591 {72,9421 Net current assets 351,551 366,333 Total assets less current Ilabllltles 463,902 481,472 Income funds Reslricled funds Unrestrlcled funds 18 14,754 449,148 37,489 443.983 463,902 481,472 The company Is entitled to the exemption from the audit requirement contained in $8clion 477 of the Comp8nies Act 2006. for the year ended 31 March 2023, although an audit has been carri8d out under section 65 of the Charitles Act INI) 2008 . The directors acknowledge thelr responslbllltles for complylng with the requlrements of the Companies Acl 2006 th respect lo accounting records and the preparation of financial slalemenls. The members have not required the company lo ob18in an audit of its financial statements under th8 requlrements of the Companies Act 2006, for the year in question in accordanGe with section 476. These financial statements have b&en prepared in accordance with th8 provislons applicable lo companSes subject lo the small companie5 regime, The financial statements were approved by the Trustees on ..i%.... O q ...2. C Dixon Trust•• D Mccluskey Trusteg Company registratlon number N1028045
COMMON YOUTH LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notes Cash flows from owratlng acllvltles Cash generated from operallons 21 2,125 49,911 Investlng actlvltles Purchase of tangible fixed a88ets Purchase of investrnents Investment income received 19,2081 117.254) 12,697) 3,647 5,747 Net cash u8•d In Invesling actlviti08 13,4611 (16,304) Net cash usod in financlng actlvltles Ntst {d&crease)nncreas• In cash and cash equlvalents {1,3361 33,607 Cash and cash equlvalents at beglnnlng of ye8r 361.696 328,089 Cash and ¢a$h equlvalents at end of year 360.360 361,696 10-
COMMON YOUTH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Charlty Informatlon Common Youth Ltd is a private company limited by guarantee incorporated in Northem Ireland. The regist8red office is Cathedral House 2nd Floor. 23-31 Waring Street. Belfast, BT120X. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Igoverning documentl, the Companies Act 2006, FRS 102 'The Financial RepOlng Standard applicable in the UK and Republic of Ireland" I"FRS 102.) and the Charitles SORP "Accounting and Reportlng by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021" leffeclive 1 January 2019)- The charity is a Public Benefit Entity as defined by FRS 102. The financlal sialemenls are prepared in sterling, whlch Is the functional currency of the charity. Monetary amounts in these financial statements aré rounded to the nearest £. The financial statements have bèen prepared under the hlstorlcal cost convention, modified to include the valuation of freehold properties and lo includ8 investrnenl properties and certain financial instrurnenls al fair value. The principal accounting policies adopted are set out below. 1.2 Going Goncem At the tlme of approvlng the financial statements, the ITUStees have a reasonable expeclallon that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the truste88 continue to adopt the going concem basis of accounts'ng in preparing the financial statements. 1.3 Charltable funds Unrestrided funds are available for use al the discretion of the trustees in furtherance of their charftable obiectives. Restricted fvnds are subject lo specific conditions by donors as lo how they may be used. Th8 purt)oses and uses of the restricted fund5 are set out in the notes to the financial Statements. Endowment funds are sublecl to specific conditions by donors that the capilal musl be maintained by the charity. 1.4 Income All incoming resources are included in the statement of financial activities when entitlement has passed to the charity- it is probable that the economic benefits associated with the Iransaclion will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular cal8gorie5 of income.. income from donations or grants is recognised when Ih8re is evidence of entitlement lo the gi receipt Is probable and Its amount can be measured reliably. legacy income is reeognised when receipt if probable and entitlement is estsblished. Income from donated goods measured al the falr value of the goods unless this is impractical to measure reliably, in which case th8 value is derived from the cost lo the donor or the estimated resale value. Donated facilities and seNices ar9 recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contrlbution of general volunteers. Income from contracts for the supply of service5 15 recognised with Ihe delivery of the contract service. this is classthed as unreslTiCted funds unless there 15 a ntraCtUal requirement for il lo be Spent on a particular purpose and return8d if unspent, in which case it may be regarded a5 restricted. 11
COMMON YOUTH LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting pollcles {Continued) 1.5 Expendlture Expenditure Is recognised on an accruals basis as a liablllly is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of lh8 statement of financial activities to which it relates.. expenditure raislng fijnds includes the costs of all fvndraising activities, events, non-charitable trading aclivilies. and the sale of donated goods. expenditure on charStable activities Includes 811 costs incurrent by a charity in undertaking aclivitles that further its charitable aims for the benefit of it5 beneficiarles, Indudlng those support ¢o$ls and costs rel8tlng to the governance of the ch8rity apportioned to charitsble actsvilies. Other expenditure includes all expenditure that 15 nellher related to ralslng funds for the charSty nor part of ils expenditure on chanlable 8Ctivili8s. All costs are allocated to expenditure categories reflecting the use of the resourc8. Direct costs allribulable lo a single actlvity are allocated dlrectly to that activity. share cosls are apportioned be•een Ihe aclivltles they contribut6 to on a reasonable, justifiable and consistent basis . 1.6 Tangible flxgd a588ts Tangible fixed assets are initially measured at cost and subsequently measured at C05t or valuation, net of depreciation and any impairment losses. D8pr8clallon is recognlsed 80 as to write off th8 Cost or valualon of assets1855 th8lr r&8idual value5 over IheSr useful lives on the following bases: Leasehold improvements Fixtures and fittings computer and video equipment over the life of the lease 25Vo slraighl lin8 33% slraighl line The gain or loss arfslng on the disposal of an asset is delemilned as th8 difference been the s818 proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Flxed assèt Invèstmenls Flxed asset investments are initially measur8d al transaction prlce excluding transactlon costs, and are subsequently measured al fair value at each reporting dale. Changes in falr value are recognlsed in net InMe1[expend1IUrel for the year. Transaction costs are expensed as incurred. 1.8 Impairni•nt of flxed assets At each reporting end date. the charity reviews the carrying amounts of ils tangible assets to determine whether Ihere Is any indication that those assets have suffered an impairrnent loss. If any Such indication ex151s, the recoveTable amount of tha asset is e5tlmated in order to delemiine the extent of the impairment loss (if any). 1.9 stocks Stocks are stated al the lower of cost and estimated selling price less costs lo complete and s811. C05t comprisgs direct materials and, where appSicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replaGemenl cost and cost. Nel realisable value is the estimate(I selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 12-
COMMON YOUTH LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policiès (Continued) 1.10 Cash and cash equivalents Cash and cash equlvalents include cash In hand. deposits held at call with banks, other short-lerm Ilquid investments with original maluriliÈs of thr68 months or less, and bank overdrafts. Bank overdrafts are shown thin borrowings in current liabilities. 1.11 Flnanclal instruments The charity has elected to apply the provisions of Section 11 'Basic Financial InstnJm8nls' and Section 12 'Other Financial Instruments Issu8s' of FRS 102 10 all of ils financial instruments. Financlal Instruments are r&cognSsed In the charity's balance sheet when tho charlty becomes party lo the contr8Ctual prov08ions of the Instrument. Flnancial assets and Ilabllllies are offset, wlth the net amounts presented in the flnancSal slat&ments, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a n8t basis or lo r8alise the a55et and settle the liability simultaneously. Basic flnanclal assets Basic financial assets, whith include debtors and cash and bank bal8nc8s, are initially me8sur8d al transaction price includlng tr8nsaction costs and are subsequently carrled at amortlged cost uslng the 8ffective interest method unless the arrangement constitutes a financing transaction, where the transaction Is measured at the present value of the future receipts discounted at a market rate of interest. Finanrjal assets classified as receivable within one year are not amortised. Baslc flnancial Ilatjllltles Basic financial liabilities. including creditors and bank loans are inilially recognised at transaction price unle55 the arrangement conslilules a financlng transaction, where the debt instrument 19 measured at the present value of the future payments discounted al a market rale of interest. Flnanclal Ilabilities rJas8ifi8d as payable within one yaar are not amortised. Debt instruments are subsequently carried at amortised cost. using th8 effedlve Inler&st rate rnelhod. Trade Greditors are obligations lo pay for goods or servi¢es that have been acquired in the ordinary course of operations from suppli8rs. Amounts payabl6 ar8 classified as currant liabilities if payment is due within one year or less. If not, they are presented as nonUrrent liabllitles. Trade credilors are recognlBed inStS8lly at tran$acUon price and subsequently measured at amortised cost uslng Ihe effective Interest method. D•recognltlon of flngnclal Ilabilirfes Flnancial liabilities are derecognised when thè charfty's contractual oblSgations expire or are discharged or Cancelled. 1.12 Employee nefIts The cost of any unused holiday entitlement 1$ recronised in the Period In which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to temiinale the employment of an employee or to provide termination benefits. 13-
COMMON YOUTH LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Critlcal accounting eslimates and ludgements In the application of thè charity's accounting policies, the ITUSt88s are required to make judgeman18, estimates and assumptions 8bout the caTrylng amount of assets and Ilabililies that are not r88dily apparent from other sources. The esllmates and associated assumptions are based on historical 8xperience and other factors that are Considered lo be relevanL Actual results may differ from these estimates. The estimates and underlying assumptions are revièwed on an ongoing basis. Revisions lo accounting estimates are rècognised in the period in which the estimate is revised where the revision affects only that p8riod, or In th8 period of the revlslon and future periods where Ihe revislon affects both current and futura periods. Donation• ondlogacles Unrestrlcted Restricted funds fund• Total Unrestrlcted Restrlctsd funds funds Totsl 2023 2023 2023 2022 2022 2022 Donations and glfts Grants 1.373 437.302 1.373 678,046 80 469.017 80 621.473 240,744 152,456 438,675 240,744 679,419 469.097 152,456 621.553 Grants r8celvable for corn actlvltles Public Health Agency Grants Belfast City Council Department of Health Halifax Clèar Project 437,302 235.933 3,297 673.235 3,297 469,017 107,546 3.570 35.340 6,000 576,563 3,570 35,340 6.000 1,514 1.514 437,302 240,744 678,046 469,017 152,456 621,473 Charitabl• actlvltles Unrestri¢ted Unrestrlcted fuDd8 funds 2023 2022 Education work 7,050 9,844 14-
COMMON YOUTH LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Investments Unrestrlcted Unr•strlcted funds funds 2023 2022 Interest rectlvable 5.747 3.647 Ralslng funds Unrestrlctsd Unre•lrlctsd fund$ fund• 2023 2022 Fundraisin and ubli other fundraising costs 21,665 18,124 21,665 18,124 Charitable activitlos Charltabl• Charltabl& actlvltie8 actlvltles 2023 2022 Staff Costs Cllnlc supplles SeNlce publicity Other staff costs Other costs 265,825 60,882 26,439 129.103 195.492 220,076 50,237 15,735 124.011 137,239 677,741 547,298 Share of 5UPPOrt costs {see note 81 Share of govgrnance costs (see note 8) 402 3,000 369 3.000 681,143 550,667 Analy513 by fund Unrestricted funds Restricted funds 417.664 263,479 437,956 112,711 681.143 550.667
COMMON YOUTH LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support cosls Support Govemance costs costs 2023 Support Governance costs costs 2022 Bank charges 402 402 369 369 AudSt fees 3,000 3,000 3,000 402 3,000 3.402 369 3,000 3,369 Analysed beeen Charilable activities 402 3,000 3,402 369 3,000 3.369 Govemance costs Includes payments to the audltors of £3.000 (2022- £3.0001 for audlt fees. Trustees During the year ended 31 March 2023 reimbursements for expenses were made to Trustees amounting lo £1,38012022 £Nill. 10 Employees The average Monthly number of employees durlng the year was: 2023 Number 2022 Number 12 11 Employrn•nt costs 2023 2022 Wages and s818rles 265,825 220,076 The total amount of employee benefits roceived by key management personn61 was £121,30512022: £128,452). The tharily consider5 115 key mana9emenl personnel lo bg all persons who direcl and control the activities of the charity. There were no 8mployees whose annual remuneration wa5 more than £60,000. 11 Net galnsll1055951 on Investments Unrestrlcted Unre¥tricted funds funds 2023 2022 Revaluation of investments 16,9781 5.952 16-
COMMON YOUTH LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Net galnsl(losses) on investmenls {Contlnuedl 12 Taxatlon The charity is exempt from lax on income and gains falling wlthin section 505 of the Taxes Act 1988 or s&ction 252 of the Taxationof Chargeable Gains Act 1992 to the extent that thes& are applied to its Charitable ob16cts. 13 Tanglble flxed assets Lgas•hold Nxtur•• jnd c4mput•r and Improvem•nts flttlngl vld•o •qulpment Tolal Cost At 1 AprS12022 Additions 90,147 28,802 81,463 9.208 200,412 9.208 At 31 March 2023 90.147 28,802 90,671 209,620 D•preclatlon ¥nd Impairnient At 1 April 2022 Depreclation charged in the year 90,147 28.802 63.347 7.856 182,296 7,856 At 31 March 2023 90.147 28.802 71,203 190,152 Carrylng amount Al 31 March 2023 19,488 19,468 At 31 March 2022 18,116 18,116 14 Flxed asset Invastments Lljted Investments Cost or valuatlon At 1 April 2022 Valuation changes 97,023 14.1401 At 31 March 2023 92,883 Carrylng amount At 31 March 2023 92,883 At 31 March 2022 97,023 All investments shown above are held al valuation. 17-
COMMON YOUTH LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 15 Stocks 2023 2022 Clinic supplies 31.705 17,855 16 Debtors 2023 2022 Arnount8 falllng due wlthln one year: Trade debtors Pr8payrn8nts and accrued incom8 16,648 30,097 16,324 43.400 46,745 59,724 17 Cr•dltors: 8mountB falllng duo wllhln one year 2023 2022 Other tsxats'on and social security Trade creditors Accrualg and deferred Income 8,470 42,750 21,722 65,481 21,778 87,259 72.942 18 R•8trlct•d funds The Income funds of the charity include restricted funds compdslng the following unexpended b81ances of donations and grants held on trust for specific purposes.. Movèment in funds Ineomlng rnsourc88 8al•nc• at 1 Aprll 2022 Ra50urce• Balanc• Bt expended 31 March 2023 SEHSCT Training PHARSE PHA Servica Enhancement PHAOther HalifaxDoH Community Foundation 8elfast City Councll Clear Prolecl 396 396 14,358 88.074 120,237 27,622 173,716) {120,237} 127,622) 135,340) 11,7531 13,2971 11,5141 35.340 1.753 3,297 1,514 37.489 240.744 1263.4791 14,754 18
COMMON YOUTH LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 19 Analysls of net assets between funds Unrestricled Restrlclgd funds fund8 2023 2023 Total Unre3trlct¢d Restrlcted funds funds 2022 2022 Total 2023 2022 Fund balances at 31 March 2023 are represented by: Tangible assets Investments Current assets/(li8bilitiesl 19.468 92,883 336,797 19,468 92,883 351,551 18,116 97,023 328,844 18,116 97.023 366,333 14,754 37,489 449.148 14,754 463.902 443,983 37,489 481,472 20 Relaled party transactlons There wer8 no dlsclosable related paty transactions during th8 year (2022 - none). 21 Cash g•n•rated from op•ratlon8 2023 2022 (Deficitysurpus for the year 117,5701 72.205 Adjustment5 for: Investment income recognised in statement of flnanclal actlvltles Fair value gains and losses on investments Amortisalion and imp81rment of Sntangible assets Depreciatlon and Impairment of tsngible flxed asse15 15,7471 6,978 12.8381 7,856 13,6471 15.9521 3,853 Movements In working c8pStal: (Increaselld8crease in stocks Decreasel{increase) in debtors Increaselldecrea5el In credltors {13,850} 12,979 14,317 1.170 111,2751 16.4431 Cash gonerated from operatlons 2,125 49,911 22 Analysls of changes In net funds The charity had no debt during the year. 19-