2024-03-31-annual-report

Charity registration number NIC100110

Company registration number NI028045 (Northern Ireland)

COMMON YOUTH LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

COMMON YOUTH LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Dr J Deacon
	C Dixon
	F Harris
	D McCluskey
	D Schubotz
Secretary	A McLaren
Charity number	NIC100110
Company number	NI028045
Registered office	Cathedral House 2nd Floor
	23-31 Waring Street
	Belfast
	BT1 2DX
Auditor	Harbinson Mulholland
	Centrepoint
	24 Ormeau Avenue
	Belfast
	Co. Antrim
	Northern Ireland
	BT2 8HS
Bankers	Ulster Bank Limited
	11-16 Donegall Square East
	Belfast
	BT1 5UB
	Aldermore Bank
	Western House
	Lynch Wood
	Peterborough
	PE2 6FZ
	Nationwide Building Society
	Kings Park Road
	Moulton Park
	Northampton
	NN3 6NW

COMMON YOUTH LTD

CONTENTS

	Page
Trustees' report	1 - 4
Independent auditor's report	5 - 7
Statement of financial activities	8
Balance sheet	9
Statement of cash flows	10
Notes to the financial statements	11 - 20

COMMON YOUTH LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: 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)" (effective 1 January 2019).

Objectives and activities

Common Youth’s mission statement is:

“To ensure that all children and young people have access to high quality, free and confidential sexual health services, as well as education and support. To enable them to make informed, active choices about their personal and sexual relationships so they can enjoy their sexuality without harm.”

Common Youth provides clinical and educational services for young people and training for professionals. We provide a seven day a week clinic service in Belfast city centre (8 sessions) and a two session a week clinic in Coleraine. We offer free confidential sexual health advice as well as condoms, contraception, STI testing and treatment, pregnancy testing, emergency contraception and information and advice for under 20s. Common Youth also offer an integrated STI testing and treatment service and a male only clinic for under 25s. Information workers in Belfast city centre premises assist in the busy clinics to ensure that young people have an opportunity to access health promotion messages and they also provide support for the increasingly busy STI clinic sessions.

Education and training is a key aspect of our work and we continue to respond to requests for professional training. We deliver innovative services designed with the help of young people. We provide services across three key areas:

• Clinical and support services;

• Education and training; and

• Advocacy, campaigning, lobbying and influencing.

We work within a quality assurance framework and Generation 5 of Investors in People; this ensures that Common Youth’s services for young people are consistently the best.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

• 1 -

COMMON YOUTH LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance

As I reflect on the past year, I am proud of the significant progress we’ve made in supporting the sexual health and well-being of young people across Northern Ireland.

Through our comprehensive, seven-day-a-week clinical service, along with professional training, innovative outreach programs, and educational workshops, we’ve reached over 7,000 young people. We’ve provided them with essential information, resources, and clinical services. Our commitment to creating a safe, inclusive, and nonjudgmental environment has empowered young people to take control of their health, ask important questions, and make informed decisions.

Our work continues to be guided by the voices of the young people we serve. This year, our Participation group led the planning of a highly successful event focused on hormone health at 2 Royal Avenue. Over 50 young people attended, engaging with the topic through a variety of activities, arts and crafts, and a thought-provoking panel discussion.

Common Youth remain dedicated to offering an integrated sexual health service, which includes a uniquely accessible STI and contraception service. This year, we’ve observed a rise in gonorrhoea cases, and we are pleased to have been able to directly treat these young people, ensuring their sexual health needs have been met.

Additionally, we’ve continued to provide a safe space for young people to talk to a counsellor. Our walk-in service remains available daily, with a counsellor on duty to offer support to any young person who needs it. With an increase in the demand for this service, especially from young people who often lack adequate support networks, we are committed to ensuring that this vital resource is available at every clinic session. As the complexity of needs continues to rise, we are determined to meet these challenges head-on.

Our education team has been busy delivering Relationship and Sexuality Education (RSE) programs within the community, with 85 programs conducted across five trust areas. In addition, the team has delivered 82 workshops in schools, reaching over 2,400 pupils. These efforts highlight the trust and confidence our community and schools place in us as a reliable resource for sexual health education.

None of this would be possible without the unwavering commitment of our dedicated staff, who go above and beyond to ensure the needs of young people are met.

Plans for the Future

Looking ahead, we remain resolute in our mission to break down the barriers that prevent young people from accessing the services and support they deserve. As the landscape of sexual health continues to evolve, we are adapting to meet these changes especially around social media and misinformation, expanding community partnerships, and prioritizing sexual health services for young people. Our goal is to ensure every young person has the knowledge, support, and resources they need to thrive, both now and in the future.

Financial review

The company is a non-profit making organisation. The results are set out in detail on page 8. The company had net incoming resources for the year of £5,044. The principal funding sources of the charity are by way of grant, principally from the Public Health Agency and Trusts.

Reserves Policy

The trustees have examined the charity’s requirements for reserves in light of the main risks to the funding of the organisation. Unrestricted free reserves are currently £336,239, as detailed in note 21, and this level of reserves would be sufficient to fund the organisation’s running costs for a period of six months at current levels of spending and cover redundancy payments for the current staff. The trustees consider this level of reserves to be adequate to meet the needs of the charity.

• 2 -

COMMON YOUTH LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to 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 with charity status. The company is governed under its 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 not exceeding £5.

Recruitment and Appointment of Trustees

The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Articles of Association the number of trustees shall not be less than five nor more than 20 persons appointed by the board. The trustees appointed by the board are required to retire on the third anniversary of the date of his or her last election or appointment and is eligible for a re-appointment for one further period.

The trustees of the company have a mix of business, medical, research and equality skills. In the event of particular skills being lost due to retirement or resignation, suitable individuals are approached to offer themselves for appointment as trustees.

Trustee Induction and Training

Most new trustees 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 responsibilities as directors.

Risk Management

The trustees have carried 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.

Key Management

During the year in review the day to day running of Common Youth was overseen by Arlene McLaren (CEO) and the Senior Management Team, consisting of Lead Doctor, Senior Nurse and Operations Manager.

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 statements were:

Dr J Deacon

C Dixon F Harris D McCluskey D Schubotz

• 3 -

COMMON YOUTH LTD

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Statement 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 statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state 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 these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and 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 operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that 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.

Auditor

In accordance with the company's articles, a resolution proposing that Harbinson Mulholland be reappointed as auditor of the company will be put at a General Meeting.

The trustees' report was approved by the Board of Trustees.

A McLaren Secretary

5 December 2024

• 4 -

COMMON YOUTH LTD

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF COMMON YOUTH LTD

Opinion

We have audited the financial statements of Common Youth Ltd (the ‘charity’) for the year ended 31 March 2024 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 preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to 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 disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the group's or the parent company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

• 5 -

COMMON YOUTH LTD

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMON YOUTH LTD

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

• the information given in the financial statements is inconsistent in any material respect with the trustees' report; or

• sufficient accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, 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 internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, 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 but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the company through discussions with directors and/or senior management, and from our commercial knowledge and experience of the sector;

We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

• identified laws and regulations were communicated within the audit team 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 material misstatement, including obtaining an understanding of how fraud might occur, by:

• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;

• 6 -

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 relationships;

• tested journal entries to identify unusual transactions;

• assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 2 were indicative of potential bias; and

• investigated the rationale behind significant or unusual transactions;

In response to the risk of irregularities and non-compliance 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 governance;

• enquiring of management as to actual and potential litigation and claims; and

• reviewing correspondence with HMRC and the company’s legal advisors;

Use of our report

This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's 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 a body, for our audit work, for this report, or for the opinions we have formed.

Angela Craigan (Senior Statutory Auditor) for and on behalf of Harbinson Mulholland Chartered Accountants Statutory Auditor

5 December 2024 Centrepoint 24 Ormeau Avenue Belfast Co. Antrim Northern Ireland BT2 8HS

Harbinson Mulholland is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

• 7 -

COMMON YOUTH LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 459,574 283,968 Charitable activities 4 11,339 - Investments 5 6,353 - Total income 477,266 283,968 Expenditure on: Raising funds 6 13,720 - Charitable activities 7 470,868 281,073 Total expenditure 484,588 281,073 Net gains/(losses) on investments 12 9,471 - Net income/(expenditure) 2,149 2,895 Transfers between funds (2,064) 2,064 Net movement in funds 9 85 4,959 Reconciliation of funds: Fund balances at 1 April 2023 449,148 14,754 Fund balances at 31 March 2024 449,233 19,713	Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 743,542 438,675 240,744 11,339 7,050 - 6,353 5,747 - 761,234 451,472 240,744 13,720 21,665 - 751,941 417,664 263,479 765,661 439,329 263,479 9,471 (6,978) - 5,044 5,165 (22,735) - - - 5,044 5,165 (22,735) 463,902 443,983 37,489 468,946 449,148 14,754	Total 2023 £ 679,419 7,050 5,747 692,216 21,665 681,143 702,808 (6,978) (17,570) - (17,570) 481,472 463,902

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

• 8 -

COMMON YOUTH LTD

BALANCE SHEET

AS AT 31 MARCH 2024

Notes Fixed assets Tangible assets 14 Investments 15 Current assets Stocks 16 Debtors 17 Cash at bank and in hand Creditors: amounts falling due within one year 18 Net current assets Total assets less current liabilities The funds of the charity Restricted income funds 19 Unrestricted funds 20	2024 £ 17,200 68,996 352,674 438,870 (82,918)	£ 10,640 102,354 112,994 355,952 468,946 19,713 449,233 468,946	2023 £ 31,705 46,745 360,360 438,810 (87,259)	£ 19,468 92,883
				112,351 351,551
				463,902
				14,754 449,148
				463,902

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024, although an audit has been carried out under section 65 of the Charities Act (NI) 2008 .

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 5 December 2024

C Dixon Trustee

D McCluskey Trustee

Company registration number NI028045 (Northern Ireland)

• 9 -

COMMON YOUTH LTD

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Notes Cash flows from operating activities Cash (absorbed by)/generated from operations 25 Investing activities Purchase of tangible fixed assets Purchase of investments Investment income received Net cash generated from/(used in) investing activities Net cash used in financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year	2024 £ (1,005) (2,639) 6,353	£ (10,395) 2,709 - (7,686) 360,360 352,674	2023 £ (9,208) - 5,747	£ 2,125 (3,461) - (1,336) 361,696 360,360

• 10 -

COMMON YOUTH LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Common Youth Ltd is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Cathedral House 2nd Floor, 23-31 Waring Street, Belfast, BT1 2DX.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: 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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must 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 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 if probable and entitlement is established.

• income from donated goods 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 contract 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.

• 11 -

COMMON YOUTH LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 Expenditure

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 raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurrent 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. share costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis .

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements over the life of the lease Fixtures and fittings 25% straight line Computer and video equipment 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, 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 replacement cost and cost.

Net realisable value is the estimated 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 2024

1 Accounting policies

(Continued)

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised 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 terminate 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 2024

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts - - Grants 459,574 283,968 459,574 283,968 Grants receivable for core activities Public Health Agency Grants 459,574 239,887 Belfast City Council - 3,466 Department of Health - 40,615 Clear Project - - 459,574 283,968	Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ - 1,373 - 743,542 437,302 240,744 743,542 438,675 240,744 699,461 437,302 235,933 3,466 - 3,297 40,615 - - - - 1,514 743,542 437,302 240,744	Total 2023 £ 1,373 678,046
		679,419
		673,235 3,297 - 1,514
		678,046

4 Income from charitable activities

	Unrestricted	Unrestricted
	funds	funds
	2024	2023
	£	£
Charitable activities
Education work	11,339	7,050

• 14 -

COMMON YOUTH LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

5 Income from investments

	Unrestricted	Unrestricted
	funds	funds
	2024	2023
	£	£
Interest receivable	6,353	5,747

6	Expenditure on raising funds
		Unrestricted	Unrestricted
		funds	funds
		2024	2023
		£	£
	Fundraising and publicity
	Other fundraising costs	13,720	21,665
7	Expenditure on charitable activities
		Charitable	Charitable
		activities	activities
		2024	2023
		£	£
	Direct costs
	Staff costs	283,096	265,825
	Clinic supplies	80,027	60,882
	Service publicity	20,507	26,439
	Other staff costs	113,725	129,103
	Other costs	251,216	195,492
		748,571	677,741
	Share of support and governance costs (see note 8)
	Support	370	402
	Governance	3,000	3,000
		751,941	681,143
	Analysis by fund
	Unrestricted funds	470,868	417,664
	Restricted funds	281,073	263,479
		751,941	681,143

• 15 -

COMMON YOUTH LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8 Support costs allocated to activities

Bank charges Governance costs Analysed between: Charitable activities 9 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets	2024 £ 370 3,000 3,370 3,370 2024 £ 3,000 9,833	2023 £ 402 3,000
		3,402
		3,402
		2023 £ 3,000 7,856

10 Trustees

During the year ended 31 March 2024 reimbursements for expenses were made to Trustees amounting to £Nil (2023: £1,380).

11 Employees

The average monthly number of employees during the year was:

Employment costs Wages and salaries	2024 Number 10 2024 £ 408,931	2023 Number 12
		2023 £ 404,500

The total amount of employee benefits received by key management personnel was £98,620 (2023: £121,305). The charity considers its key management personnel to be all persons who direct and control the activities of the charity.

The number of employees whose annual remuneration was more than £60,000 is as follows:

		2024	2023
		Number	Number
£60,001	to £70,000	1	-

• 16 -

COMMON YOUTH LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

12 Gains and losses on investments

	Unrestricted	Unrestricted
	funds	funds
	2024	2023
Gains/(losses) arising on:	£	£
Revaluation of investments	9,471	(6,978)

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Tangible fixed assets

Leasehold improvements Fixtures and fittings Computer and video equipment £ £ £ Cost At 1 April 2023 90,147 28,802 90,671 Additions - - 1,005 At 31 March 2024 90,147 28,802 91,676 Depreciation and impairment At 1 April 2023 90,147 28,802 71,203 Depreciation charged in the year - - 9,833 At 31 March 2024 90,147 28,802 81,036 Carrying amount At 31 March 2024 - - 10,640 At 31 March 2023 - - 19,468	Total £ 209,620 1,005
	210,625
	190,152 9,833
	199,985
	10,640
	19,468

• 17 -

COMMON YOUTH LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

15 Fixed asset investments

Cost or valuation At 1 April 2023 Additions Valuation changes At 31 March 2024 Carrying amount At 31 March 2024 At 31 March 2023 16 Stocks Clinic supplies 17 Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income 18 Creditors: amounts falling due within one year Other taxation and social security Trade creditors Other creditors Accruals and deferred income	Listed investments £ 92,883 2,821 6,650 102,354 102,354 92,883 2024 2023 £ £ 17,200 31,705 2024 2023 £ £ 52,652 16,648 16,344 30,097 68,996 46,745 2024 2023 £ £ 7,775 - 41,899 65,481 1,988 - 31,256 21,778 82,918 87,259

• 18 -

COMMON YOUTH LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Balance at 1 April 2023 r £ SEHSCT Training 396 PHA RSE 14,358 PHA Service Enhancement - PHA C Card - PHA Other - DoH Community Foundation - Belfast City Council - 14,754	Movement in funds Incoming esources Resources expended £ £ - - 91,613 (86,678) 80,000 (80,322) 53,974 (55,486) 14,300 (14,300) 40,615 (40,845) 3,466 (3,442) 283,968 (281,073)	Transfers Balance at 31 March 2024 £ £ - 396 - 19,293 322 - 1,512 - - - 230 - - 24 2,064 19,713	Transfers Balance at 31 March 2024 £ £ - 396 - 19,293 322 - 1,512 - - - 230 - - 24 2,064 19,713
			19,713

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At 1 April	Incoming	Resources	Transfers	Gains and	At 31 March
	2023	resources	expended		losses	2024
	£	£	£	£	£	£
General funds	449,148	477,266	(484,588)	(2,064)	9,471	449,233
Previous year:	At 1 April	Incoming	Resources	Transfers	Gains and	At 31 March
	2022	resources	expended		losses	2023
	£	£	£	£	£	£
General funds	443,983	451,472	(439,329)	-	(6,978)	449,148

21 Analysis of net assets between funds

Unrestricted Restricted funds funds 2024 2024 £ £ At 31 March 2024: Tangible assets 10,640 - Investments 102,354 - Current assets/(liabilities) 336,239 19,713 449,233 19,713	Total 2024 £ 10,640 102,354 355,952
	468,946

• 19 -

COMMON YOUTH LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

21 Analysis of net assets between funds

Analysis of net assets between funds			(Continued)
	Unrestricted	Restricted	Total
	funds	funds
	2023	2023	2023
	£	£	£
At 31 March 2023:
Tangible assets	19,468	-	19,468
Investments	92,883	-	92,883
Current assets/(liabilities)	336,797	14,754	351,551
	449,148	14,754	463,902

22 Events after the reporting date

There have been no material events, occurring after the reporting date that require adjustments to or disclosure in the financial statements.

23 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

24 Analysis of changes in net funds

The charity had no material debt during the year.

25 Cash generated from operations Surplus/(deficit) for the year Adjustments for: Investment income recognised in statement of financial activities Fair value gains and losses on investments Amortisation and impairment of intangible assets Depreciation and impairment of tangible fixed assets Movements in working capital: Decrease/(increase) in stocks (Increase)/decrease in debtors (Decrease)/increase in creditors Cash (absorbed by)/generated from operations	2024 £ 5,044 (6,353) (6,832) - 9,833 14,505 (22,251) (4,341) (10,395)	2023 £ (17,570) (5,747) 6,978 (2,838) 7,856 (13,850) 12,979 14,317
		2,125

• 20 -