**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 -