Charlty Registration Number N1100141 Company Registratlon Number N1031276 (Northem Ireland) FORTH SPRING INTER COMMUNITYGROUP ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
Charity Regl8tr8tlon Number N1100141 Company Registratlon Nurnbor N1031276 (Northem Ireland) Page Legal &Adminlstrative Inlormatlon Trustees, Report 2-10 Accountant's Report 11-16 Statement of Financlal Activities 17-19 Statementof Financial Position 20 Notes to the Flnancialstatements 21-28
FORTH SPRING INTERCOMMUNITYGROUP LEGAL AND ADMINISTRATIVE INFORMATION Trustees E Petersen Chair C Fitzpatrick Secretary Drj Meegan H Smith D Harvey C O'Doherty DQulnn L O'Lynn J Chalk Resigned 1° March 2023 Reslgned 14° March 2023 Chartty Number N1100141 Company Numbar N1031276 Prlnclpal Address 373-375 sprlngrield Road Belfast BT12 7DG Reglstered Office 373-375 Springfleld Road UnltyTrust Bank Belfast 8T12 7DG Accountants DMW Accountants{2011) Ltd Townsond Enterprise Park Townsend Street Belfast BT13 2ES BAnker8 UnityTrust B8nk 9 Brlndley Place Blrrnlngham B12HB Sollcltors A&L Goodbody Northern Ireland 42-46 Fountain StrBet Belfast BT15EF
FORTH SPRING INTER COMMUNITY GROIJP TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR EIYDED 31 MARCH 2023 The Trustees present their annual report 8nd flnancial statements for the year ended 31 March 2023. The financial statements have been prepared in accordance w¢th the accounting policies set out In not8 1 to the flnancial statements and Gomplywlth the Charities Articles of Association, the Companies Act 2008 and Accounting and Reportlng by Charities: Statement Of Recommended Practice appllcable to charities preparing their accounts in accordance with the FinÉnci81 R8porting standard applicable in the UK and Republic ot Ir81and IFRS 102) ieffe¢tiV8 l January 2019) Objectives and Activltles The PUTposeforwhich Forth Springinter Community Group is establish8d can be summarised as uslng a community d8velopment approach to improve the conditions of life of local residents. to improve 50CI81 cohesion and communlty reL*ions inthe area. The dlrect beneflts flowlng from the purpose Include Improvements in areas of 80¢ial welfare such as improved health and 8ducatlonal outcomesthrough Ihe provlslon of programmes and suppon. support forthosa In need and support forthe aged as well as Improved communlty relatlons In the Sprlngfleld Road area of B81fast and wider areas. Further benefits include improvemenis in social cohesion, community retations and access to facilities Inam8lythe locaL communlty centre) Forthspring creates ac¢essto programmes which address identified needs forall age groups such es children's and youth programmes, arts-based. soclal and gardeningprogrammes. Another direct benefit sthe encouragement and incF8ased motlvatlon amongst local peopleto get involved in thelrcommunity and brlngabout change. These benefits will be evidenced through feedback frorn participants who take part In actlvltles and programmes organised and dellvered withln the centre such as children's and young people's activitles. health and educational activilies, older people'$ pro8r8mmes, community development and citlzenship progr8mmes. In some instances independent evaluations of activitles are collected, record8d and an8lysed for impact. We will also record the levels of p8rticlpallon In cross community activity and the numberof programm8s and activftles offered at OUT shared facility. A public AGM will be held yearty, On a quart8rly basis the organlsatlon wlll produce a newsletterthat WILI be distrlbuted widely. The direct beneficiaries are local r8sldents of the wlder Sprlngfleld Road area of Belfast. The only private benefit flowing from thls purpose is incldentsl and necessary. In order to dellver the actlvltles to achieve the purpose. trustees and staff may receive training and an Increase In skills as a result of being involved with the Charity. ThèTrustees have paid due regard to guidance i88ued bythe Charity Commlsslon in decidingwhat 8Ctivities the charity should undertake.
FORTH SPRING INTER COMMUNITY GROUP TRUSTEES, REPORT (INCLUDING DIRECTORSI REPORD (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Achlevemants and Performance This has been a signlflGantyearforus at Forthsprlng. We have marked our25th birthday looklng backwith gratitude ata quarterofa centuryofcross Gommunitypeacebuildingworkthrough a whole varietyof programmes which remain strong and purposeful 2nd impacttul in our community- We are gratefulto those involved In springfield Road Methodist Church. the Cornerstone Communlty8nd the Currach Communitywho had the vlslon to establish a new communlly project and to resource with thairtimeand encouragementfor manyyears. It is a trlbutetothevarious board rnembers, staff members and participants in the project that 26 years later we 8r8 slill movlngforward as a project and celebrating our resilience and pers8verance. All of our projects have corrtinued and sust8ined their work and we were abletotake p8rt in Good R81ations weekto rnark our anniversary. Thanks too to ourfunders who have again demonstrated theirconfidence in ourpertormance goingforward. Thetru5tees also wish to 8xpre$s their appreciatlonto all members ofthe staff team and to ourvolunteers fortheir commltment and creativity in fulfllling their roles within Forthsprlng. It has been a ch8llengingyearfor us also aswe sawourdirector depart and an Interlm directorwas appolnted to see us through the challenges of an uncertaln and Increasingly Gompetltlve fundlng landscape. We have also been made awarethat Belfast Central Mission. the owners of our buildin&wlsh to sell the 88setto us, whi¢h w8 8r8 grateful for although the significant increase in rent and ¢h811gnges of ralsingthe flnance to purchase the property have placed u5 und8rconsld8r8b18 pressure. Our highlights th18 ye8r include: Celebratlon of our25th anniversary Consistent attendances of children at creative free play sessions Local and International volunteers Involved in our Projects Significant engagement with our detached youth workers across our community Meaningful Interventlons wlth chlldren and young people onllne and face to face throughout the year Adult counselling $ession8 to support family wéllbeing Self care, rnassage. reflexology, and wellbelng sesslons Exercise classes, adult education 8nd online 8ccredf(ed courses Excellent $8rvlce yearfeedback acros5 all programme are85 through robust 8V81uations. Newrnembersof ourboard signlflcant partnershlp worklngwlth manydlfferent groups. Programme Work: Our programme work remains focused and purp08eful. We are grateful for dedicated teams of stgff and volunt88rs wno dellver a rich broad offerlng of programm8 across the organisation, both centre bAsed and out into the cornmunlty and Into the streets. We continue to meet our targets and regularty celebrate good news stories oftransformation and change. Atthe heart of all ofour programmes is relationshlp buildingand after26ye8rsw8 are firmly rooted in our community8ndtrusted by people who continueto access ourseNice. We are also beginningto considerourstrateyjcdirection forthe nextthree yearsas we take ownership ofthe building and are currentlydevelopingvi8lonfor new Pfoje¢tswhi¢h V1[take0Ur programme forward.
FORTH SPRIING INTER COMMUNITY GROIJP TRUSTEES, REPORT ONCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR 31 MARCH 2023 MUMO: The core partnershlp group went from Strength to strength between Movlng Up Movin8 On IMUMOI and.- * St Clare's Primary School Springfield Primary School Relate Nl MUMO'S work contlnued to be guided bythe amazlng MUMO Advisory Parents Group who never cease to ama2e staff with their creat5vity, cornmitment and fantastic programming Ideas. Two members of this group represent MUMO on the board of Forthspring Inter Community Group. Throughout the year, exciting new partnership5 were developed and existing partnerships strengthened Indudlng with.. Family Support Hubs, Grow Nl. Full Service Communlty NelAvork IFSCN). Partlcipatlon and the Prartice of Right5, Belfast Children's Festival, Northerft Ireland Science Festival; Storehouse and Educatlon Matters. In-school work has been essential, focused. strategic and effective-. literacy and numeracy support. frlendship groups, nurture groups, photo joumalSn& team challenges, mindfulne55, walking ch8llen8es. Relate Nl delivered counselling proEramme in the two schools. Schools. work has grown through partnerships wlth new primary schoo15 who hosted P7 transltion programmes which MUMO'5 children's support worker delivered in partnership wlth FSCN. Throughout the year, MUMO welcomed the Playgroup in Springfield Primarykhool and the P6 class In St. Clare's Primary School, teachln8 children how to plant, grow and harvest food. MUMO'S work ha5 been a Ilfeline for many parents with wellbelng workshops, exercise clas5e5, gardenlng, a 5in8ing programme, a¢credlted programmes, cooking, and monthly Family Matters 5es51ons where families did an artivity and ate together. Throughout the year. MUMO was increasingly asked to help participant5 With devastating cost of livlng crisi5. Working wlth Family Support Hubs and other providers, MUMO was able to dlsseminate food and enerbry voucheT5 to local families throughout the year. Youth Matters.. Our youth programmes have returned to thelr usual deliverywith ourjunior and senior groups in centre engagingwith a wide and creatlvovarletyofprogramming. alongside our detached youth workwith our highly qualified and experlenced team of youth workers connecting with young people In various locations around ourGommunity- We have a very experienced programme manager and a regu18rte8m of fouryouth workers commltted to dellveringto a significant numberofyoungpeople across our area. Our young people really appre¢Sate building rel8tlonshlps through our work. One sald "If Forthspring wasn't a thlng, I neverwould have met friendsfrom the otb.er side of the peacewall. I wouldnl have even known Brannagh and Niamh who are my closestfriends" Junioryouth club took place onTuesday and Fridayevenlng8 and came backstrongiythisy88rwith Senior Youth club happening on Wednesdays and Thursdays. It was an eventfulyear with a vlsitfromthe Chlldren'sComrnission8r Koullayiasouma and a very busy Summerschemethrough July and August, Involving a variety of creative 8Ctivities and trips. Our Halloween roller dlsco was particularly memorable. And our Reach Your Peakwellbeing programme brought a sense of adventureto our Seniargroup. Drum clrcLe8, ice skating. movle night$, art projects, first aid trainin& D8nce with Diverslty. Lad's group and Youngwom8n's group, and Breakthe biasfocusfor Intern8tlonalWomens' Day. It has bean a busytlme in Youth Matters and a productive y88r of¥vork undertaken by Dur youngpeople.
FORTH SPRING INTER COMMUNITY GROUP TRUSTEES, REPORT (ThCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Springers.. Springers continued to provide high quality childcare duringterm time and full day cover over holiday times. We have drawn chlldren from ourtwo local schoolsst Clare's Primary, Springfield Primaryand also from Cliftonville Primary. We have offered a wido variety of activities and trlps, includingarts and crafts. a vgry busy summer scheme. visitingmowlÈm Park, Belfastzoo, Newcastle, Bangor. cookingsessions, 2nd a combinod trip wjth MUMO andyouth Mattersto Carnfunnock Country Park. We supportthe children in completingtheir homework and encourage the older chlldr8n to be more Independentby h81plngwlth snacks and actlvltles. Our Germanvolunt8er dld German w88kwlth the chlldren and we continue to offer pl8¢8ments for childcare trainees. Our Play coordinator and 88818tant Play coordinator heve completeLY furthertraining in Child Protection and First Aid. Our assislant play coordinator was studyingfor h8r18vel f Ive Diploma in Leadership forthe Children and Youngpeople's Workforce- Earlyyears {Adv8nce Pr8Ctice) Comrnunity Groups: Forthspring is a focused communityspace open to allwithin our community. We areverygrateful and supportive ofthe varlous groupswhich use ourfaciif(les.The art group. the tea dancers. Autism Nl and Ats us Nai mental health support group foryoung people contlnue to meet aswellas other community events. Our communitygarden was well used byvarlous groupswithin our communlty. Internal Governance: We remain very grstefulto all ofour board membersforthelrtlme and commltmentto thework at Forthspring. The chg{leng9s of Ipading8 communitygroup arg significant currentlyarid wethankour trust88sfortheirwllingness to enable Forthspringto continue to serve ouroommunity. There has been much forthe board to reflect on as we 8ndeavorto purchase our buildingand we ar8 currently conslderlng pur6ulng European capital fundingthrough SEUPB. We contlnue to develop our strategic plan in response to the challenges ofgrowrh we are facing. We remain committed atso to growingour board and addingfvrther skills 8nd experienceto our existingcapacity in a number ot producttve convers8tlons about future dlreetion. We also engaged In some Mindset tralnlngfacilitated by one of our board members. aulldlng Malntenance: We hav8 focused on Health and Safety in the buildingthlsye8r, receivingdetailed reports from Citation whl¢h we have studied carefullyand imp18mented their recommendations. We are aware ofthe age of ourbulldlng and th8 ch811engeswe will increasingiyfac8 in thefuture with the angfabrIC around us. We are cornmitted to providinga w8rm, comfortabl8, $8fe space for811 ofour partlcipants and staff. External Relatlonships.. Belfast Multl cultural Associatlon have contlnu8d to sh8re our buildlng, offerlng practlcal supportto many Musknm families in and beyond our Communlty. We have developed a solid friendship with them which wewillcontinueto pursue in th8 future. Our partnershlp wlth City Llfe Projects contlnues for Departrnentfor Communitles shared funding. We also enjoye wide and growing ngtworkof relation8hip$ In our community, being partof the Communlty Safety Partneishlp. th8 Clonard Mld-shanklll Initiative and two local FamllySupportHubs. Partnerships are too extensive to rnentlon here, but span communlty 8nd voluntary. educatlonal. statutory, rlEhts based, creative and buslness sectors.
FORTH SPRING INTER COMMUNITYGROUP TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THEYEAR ENDED 31 MARCH 2023 Staff and Volunteer8: Ourstaff tÈ8m remains as committed as everto the mission and vislon of Forthsprlng. We have a regular rhythm of meetlngs of team18aders. full staff. and Indlvldual staff teams forthe different aspects ot th8 work. Wa continue to enjoy signiflcant Input trom our interngtlonal and local volunteers. supporting the st8ff in a wide variety of projects and initiatives. Our relationship with Eirane in Germany. a volunteer sending organisation, has been in place for manyyears now and we hope this will continue. Flnancial ievlew The results are set out In detail on pages 17 to 28. The chafity returned net outgoing resources forthe year of £1699.0012022- net outgoing resources of £1.967) leaving unrestricted funds of £45.551 12022- £43.8521 and restrict8d funds of É276,134 {2022- £276.134). The dlrectors conslderthat the unrestricted funds of the charity have sufficient resources and assets available which are adequata to fulfill thelr obligations. It is the pollcy of the charltythat unrestrlcted funds which have not been designated for a speclflc use should be malntalned at a level equlvalent to beeen three and six month's expendlture. The trustees consider that ieserves at this level will ensure that. In the event of a slgnmcant drop In fundlng. they will b& able to contlnue the charity's curr8nt activlties while consideration is liven to ways in which additional funds maybe iaised. This level of reserves has been maintalned throughoutthe year. The trustees have assessed the major risks to whlch the charlty is exposed, and are satlstied that Sy8terns are in plac8 to mltigate exposureto the major risks. A comprehensive rlsk r8gister wa8 carried out In 2021. This Is revlewad annually.
FORTH SPRING INTERCOMMUNITYGROUP INDEPENDENT AUDITOR'S REPORT<CONTINUED) TO THE MEMBERS OF FORTH SPRING INTER COMMUNITY GROUP Responsibi(iti8s of Trustees As explained more fully in the statement of trustees. responslbilities, the tru¥(ees. who 8re also the directors of the charlty for the purpose of company law, are responslble for the preparatlon of the flnancial statements and for being satisfied th8t they give a true and fairview, and for such internal control as the trustees determine Is necessary to enable the pr8paration of financial statements that are fre6 from m8terlal misst8tement, whether due to fraud or error. In preparingthe financial statements, the trustees are responsible for assessingthe chaiity's ability to continue as a going concern, dlsclosing. as appllcable. matters related to going concern and usingthe golng concern basis ol accounting unlessthe trustees elther Intend to liquidate the charitable company or to cease operations. or have no realistlc alternative but to do so. Auditor's r8sponsibllitles for the audit of the financlal statements Our objectives are to obtain reasonable assur8nce aboutwhetherthe financial statements as a whole are f ree from material misstatement. whether due to fraud or error, and to issue an auditor's r8POrt that includes our opinlon. Reasonable 88surance is a high level of a83urance but is not 8 guarantee that 8n audit conducted In accordance wlth ISAS IUKI will always d8tect a material misstatement when it exists. Mjsstatements can arise from fraud or error and 8re consldered material if. individually or in the aggregate, they could reasonably be expected to influènce the economic decisions of u8ers taken on the basis of thes8 f inancial statements. Irregularities, in¢ludingfr8ud, are Instsnces of non-complian¢e with laws and regulations. We design procedures in line with our responsibilltles. outllned above, to detect material misstatements in respect of irregularities. Includlngfraud, the extent to which our procedures are capable of detecting Irregularltles, including fraud, is detailed below.
FORTH SPRING INTER COMMUNITY GROUP INDEPENDENT AUDITOR'S REPORT(CONTINUED) TOTHE MEMBERS OF FORTH SPRING INTER COMMUNITYGROUP Extèntto whl¢htheaudftwas considered capable of dete¢tingirregui8rltles, Includingfvaud We identify and Bssess the risks of material misstatement of the financial statements. whether due to fraud or error, and then design and perform audit procedures responslve to those risks, includlng obtaining audit evidence that is sufficient and appropriate to provide a ba818 for our opinion, In idènttying and assesslng potential risks of materlal mlsstatement in respect of irregularities, Including fraud and non-complianceswith laws and regutstions, we considered the following: Th8 nature ofthe industry and sector, control environment and business performance, including the charitable company's r8muneration policies for directofs, bonus lev81s and performance targets. It any: Results ofour enqulrles of management aboLrtthelrown identrfication and assessmentofthe rlsks of Irregu18rltles. Any matter$ we identified having obtained and revlewed the charitable company's documentation of thelr pollcl8s and procedures relatingto: Identifylng. evaluatlng and Complylngwith laws and regulations and whetherth8y were aware of any instance ofnon-compliancè: Detectingand respondlngtothe rlsks offraud and whetherthey have knowledge ofanyactual, suspected or alleged fr8ud' and Th8 internal controls estabushedto mltlgate rlsks of fraud or non-¢ompliance with laws and regulatlons: The matters dlscussed amongthe audltengagementteam regardinghow and where fraud might occur In the financial stateTnents and Potential indicators of fraud. As a result of these procedures. we ¢onsldered the opportunities and incentives that may exist within the ch8rltable companyforfraud and Identrfieo the greatest potential tor fraud In Income reGognltion. In common with all audits underlSAs (UK). we are also requlred to perform speciflG procedures to respond tothe risk of man8g8mentoverride. We also obtalned an understsndingof the legal and réEuLatoryfr8rneworksthatthe company operates in, focuslng on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures In the flnancial statements. The key laws and reguL8tions we considered in thls context Included the Companies Act 2006, and local tax18gislation. In addition. we con8ider8d provlslons of other laws and regutationsthat do not have a direct effect on the fin8nci81 statements but compliance with whlch may befundamentalto the ch8rltable company's ability to operate or to avoid a material penaLty. -1
FORTH SPRING INTER COMMUNITYGROUP INDEPENDENT AUDrroR'S REPORT{CONTINUED) TOTHE MEMBERS OF FORTH SPRING INTERCOMMUNITY GROUP Audit response to risks Identifled Our procedures to respond to the risks identified included the following: Revlewing the flnancial statement disclosures and testlng to supporting doGumentation to assess compllance wlth provlsions of relevant laws and regulations described as having a direct effect on the financial statements; Enquiring of m8nag8ment concerning actual and potgntlal Iltlgatlon and claims; Performing 8nalytical procedures ta id8ntify any unusual or un8XP8Cted re18tionshlps that m8y indicate risks of material misstatement due to fraud. Reading minutes of meetings ofthose charged with governance and feviewing correspondence with tax authorities; and In addresslngthe rlsk of fraud through management overrlde of controls, testlngthe appropriateness of journal entries and other adjustments,. assessingwnether the judgements madg in maklng accounting estimaies are indicative ot a potential blas. and evaluating the business r8tion81e of any significant transactions that are unusual or outside the normal course of business. We also ¢ommuniGated relevant identified laws and regulations and potantlal fraud risks to all engagement team members and remained alert to any indication5 of fraud or non-compllance with laws and regulations throughout the audit. Owlng to the inhgrgnt limltations of an audtt, there is 8n unavoidable risk that we may not have d8teeted some materi81 misstatements in the financial statements. even though we have properiyplanned and performed our audlt in accordance with auditlngstandards. In addltlon, as with any audlt, there remains a hlgher rlsk of non-detection of Irregularities, as they may involvo Collusion. forgery. Intentional omissions, misrepresentatlons, or the override of internsl eontTols. We ar8 not r8sponslbl8 for preventing non-compliance and cannot be expectedto detect non-compLian¢e with all laws and regulations. A fvrther descriptlon of OUT responsibillties is available on the Financlal Reporting Council's website 8t". hltps:Iwww. frc.org.uklaudrtor8 re8pon.%ibilities. Tlils des¢rlptlon forms part of our audltor's report. -1
FORTH SPRING INTERCOMMUNITY GROUP INDEPENDENT AUDITOR'S REPORT(CONTINUED) TO THE MEMBERS OF FORTH SPRING INTERCOMMUNrrYGROUP Use of Our Report Thls report is made solelyto the charltable company'8 members. as a body. In accordance with Chapter 3 of Part 16ofthe Companies AGt2006. Our auditwork has been undertaken sothat we might state to the chsritable company's members those matterswe 8re requiredto stateto them in an auditor's report and for no other purpose. Tothe fullest 8Xtent permitted by Law. we do notaccept or assume responsibility to anyone otherthanthe charitable ¢ompanyand the charitable company's members as a body. for our audit work, for this report. or for the opinions we have formed. Mr D8niel G. Walsh, BSSc{HONS) ACPA forand on behalf of DMWAGcountants (2011) Ltd Townsend Enterprlse Park Townsend Street Belfast BT132ES Date= -1
FORTHSPRING INTER COMMUNITYGROUP STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2023 TOTAL GRANTS & DONATIONS 438,349.00 TOTAL EXPENSES 436,650.00 NET SURPLUS 1.699.00 -17-
FORTHSPRING INTER COMMUNITYGROUP STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 315TMARCH 2023 Departmentforcommunities 25,669.00 Nl Community Re18tions Council 12,312.00 Education Authority TBUC 15.000.00 Educ8tion Authority Registration 3,000.00 Education Authority FOTS 2,400.00 The National Lottery Fund 165,983.OQ TNL Cost of Living Grant 21,994.00 TheTudor Trust 35,000.00 DOJ Police PropetyFund 7,997.00 UKYouth 22.000.00 Belfast City Councll Revenue 13,000.00 Belfast Cty Coun¢ll Small Grants 11,494.Ixi Garfield Weston Foundatlon 20.000.00 CGRFTEO 12.150.00 Halrfax Foundation 4,500.00 Publlc Health Ag8ncy 5,894.00 DOH SPPG Bright Start 8.384.00 Afterschoollncome 31,340.00 Donations 6,229.00 Rent Income 9,000.00 Groundwork UK 500.00 SSE Electrlc 600.00 HSBC 800.00 Youth Llnk 2,203.00 Ati State 900.00 TOTAL GRANTS 438.349.IXI -18-
FORTH SPRING INTERCOMMUNITYGROUP STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31-MARCH 2023 *t Wages 299,872.00 Pension 8.856.00 Programme Costs 33,997.00 Rates Water 1,061.00 Rent 3,668.00 Insurance 4,794.00 Repalrs & MalntenanGe 2.530.00 Heat & Light 18.746.00 Telephone & BB 6.411.00 Consultancy Dlrector 6.900.00 Consultancy H.R. 964.00 Counselling 10,750.00 Accountancy Fees 2,000.00 Transport 5,966.00 Travel Expens8S 704.00 Prlnting, Postage & Stationery 957.00 Tralnlng Costs 1,890.00 Cleaning Expenses 1,465.00 Bankcharges 240.00 Sundry Expenses 3,891.00 Dgpreciation 20.988.00 Totsi Expenses 436,650.00
FORTH SPRING INTERCOMMUNITY GROUP STATEMENTOF FINANCIAL POSITION ASAT31 MARCH 2023 2023 2022 Flxed Ass8t8 Tangible Assets 99,959 120.942 Current A8$e28 Debtors C8sh at Bankand in Hand 56,723 195,120 59.450 149.021 251.843 208,471 Creditors". Arnounts falllng due withln one year (30.117) 19,427) Net Current A88et8 221,726 199,044 Total Assets less Current Uablutles 321685 319,986 Inoome Funds Restricted Funds UnStrIcted Funds Surplus for the Year 276,134 43,B52 1.699 276.134 43.852 321,685 319.986 These flnancial statements have been prepared in accordance with the provisions applicabl8 to companies sublectto th8 small companies regime. The financial $tatementswefe appToved bytheTrustees and Authorised for Issue on 18 December 2023 and signed on th8ir b9half by: C Fitzpatrlck Trustee C O'Doherty Trusta -2
FORTH SPRING INTER COMMUNITY GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THEYEARENDED 31 MARCH 2023 Accounting Policies Charity Intormation Forth Spring Inter Community Group is a private cornp8ny limited by guarantee incorporated in Northern Ireland. The registere(i office is 373-375 Springfield Road, Belfast, BT12 7DG. Accounting Conventlon The financial statements have been prepared in ac¢ordancewiththe chartys Memorandum and Articles of Association. the CompaniesA¢t2008, FRS 102"The Financial Reportingstandard applicable in the UK and Republi¢ of Ireland" I'FRS 102.) and the Charitles SORP"Accounting and Reporting by Charities: Statementof ReGommended Practlce applicable to charities preparingthelr accounts in accordanca with the Financial Reportingstandard appllc8ble In the UK and Republic of Ireland IFRS 102)" leffective 1 January 2019). The charity is a Publlc Benefit Entity 88 defined by FRS 102, The charlty has taken advantage of the provisions In the SORP for charltles not to prep2re a Statement of Cash Flows. The financial statements 8re prepared In sterling. whl¢h is the functional currency of the charity- Monet8ry 8mounts inthesè financial statements are rounded tothe nearest£. The financial statements have baen prepared under the historical cost conventlon. The princlpal accounting policies adopted are Set out below. Going Concern At the tlme of approvingihe financial statements, the trustee$ havp a reasonable expect8tSon that the charity has adequate resources to continue In operational existence for the foresee8ble future. Thus the trustees continue to adopt the golng concern basis of accounting in preparlng the f Inanclal statements. Charltable Fund$ Unrestrlcted funds are avallable for use at the dlscretion of th6 tru8tees in furtherance of thejr charitable obj8Ctlves. R8Strlcted funds are 8ubJgctto speclfic condltlons bydonors as to howthey may be used. The purposes and uses otthe restricted funds are set out In the notes to thefin8nc1818tatements. Income Income Is re¢ognised when thp charity is legally entltled to It after any performance condltlons have been met. the 8mountS C8n be measured rellably. and it Is probable that Income wlll be received. Cash donatlons are r8cognised on receipt. Otherdonation8 are recognlsed once the charltyhas been notifled of the donation. unless performance conditions require deferral ofthe amount. Income tax recoverable in relation to donatlons recelved under Gift Aid or deeds of covenant Is recognlsed atthe time of the donation. The charity re¢glves grants in respect of the provision of specified servicesi projects 8nd actimties. Income fiom government and other grants are recognlsed atfalrvaluewhenth8 charity has entitlement aft8r any perfortnance conditions have been met, St is probable that the incomewill be recelved and the amountC8n b8 me8sur8d reliably. Itentitlernent Is notmetthen these amounts are d8f8rred. -21-
FORTH SPRING INTER COMMUNITY GROUP NOTES TO THE FINANCIAL STATEMENTS{CONTINUED) FOR THEYEAR ENDED 31 MARCH 2023 Accounting Polici88 (Contlnued) Intereston funds h81d on deposlt Is Included when receivable and the amount can be m88sured reliably bythe charity; this is normally upon notlflcation of the interest pald or payable by the bank. Expendlture All expenditure 18 accounted for on an accruals basis and has b8en classlfièd under headlngs that aggregate all costs related to the category. Expenditure is recognised where there Is a legal or constructive obligation to make payments to third parties, it IS Probable that the settlement will be required and the amount of the obligatlon can be measured reliably. It is categorlsed under one of the following headings: Costs of raislng funds. Expenditur8 on charitab18 activities and other expendlture. Irrecoverable VAT is charged as an expense against the activity for which expenditure aros8. Support costs ar8 those that assist the work of the charity but do not directly represent charitable activities and IncLude office costs, governance costs. depreciation cost5 and administrative payroll costs. They are Incurred directly in support of expenditure on the objects ofthe charity and include project managernent Carried out atthe office. Offlce costs, depreclation costs, governanGe Gosts and payroll costs ar8 allocated to charltable activities ba58d on usage. The allocation of the support ¢osts is anaLys&d in Note 7. Tanglble Flxed A$set8 Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over theSr useful lives on the following bases., Leas8hoid Improvements Plant and Equipment Fixtures and Flttlngs 4% straight line straight line over 22 years 25% straight line The ggin or loss arislng onthe disposal of an assét is determined as the diff8rence b8Oenthe sale proceeds and the carrylng value of the asset. and is recognised in th8 Statement of flnancial activities. Cash and C8sh Equlvalent8 Cash and cash equivalents include cash Sn hand. d8POSlts held at call with banks, other 8hort- tarm liquid investments wlth orlgsnal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wlthln borrowings in current liabilities. Financlal Instruments The charity has elect8d to apply the provisions of Section 11 'Basic Flnancial Instruments, and Sectlon 12 '0ther Financial Instruments Issues. of FHS 102 to all of it5 financial instrumonts, Financièl instruments are Teoognised In the charFty'8 balance sheetwhen the charity becomes partyto th8 contractual provisions of the instrument. Financial assets and liabilitles are offset, wrth the net amourrts presented in the financlal statements. when there is a gallY enforceable right to set off the recognised amounts and there is an Intention to settle on a n8t basis or to raallse th8 asset and settle the abiLity simultaneously.
FORTH SPRING INTER COMMUNITYGROUP NOTESTOTHEFINANCIALSTATEMENTS{CONTINUED) FOR THEYEAR ENDED 31 MARCH 2023 Baslc Flnanclal Ass¢t$ Basic financial assets, which includ8 d8btors antj casr) and tsank balances, are initially measured at transaction price Includlng transaction cost8 and are subsequently carried 8t amortised cost uslngthe effective interest method unlessthe aTranEement constitutes a flnanclngtransactlon, where the transaction is measured at the present vaLue of the future re¢eipt$ discounted at a market rate of interest. Fln8ncial assets classified as receivable within oneyear are not amortised. -23-
FORTH SPRING INTER COMMUNITYGROUP NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31st MARCH 2023 Accountlng Polieles {Continued} Basic Financlal Liabiiitles Basic financial liabllitles, includlng creditors and bank loans are initially recognised at transaction price unless the arrangement constFtut8s a financing transaction, where th8 debt instrument is measured at the present Value of ihe future paymtrnts dis¢ounted at a market rate of interest. Financial liabilities classified as payab18 Wlthin on8 y8ar are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective frnterest rate method. Trade creditors are obligalions to pay for goods or seNlces that have been acquired in the ordlnary course of operations from supplier$. Amounts payable are classified as current liabilities rf payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction PTi¢e and subsequently measured et amortised cost usingthe effective interest method. Derecognltlon of Financial Liabilities Financial liabilities are derecognised when the charity'g contractual obligations expire or are discharged or cancelled. Employ69 Beneflts The cost of any unused holiday entitlement is recognised in the period In which the employee's services are received. Termination oenefits are recognised immediately as an expense when the charity is demonstrably commltted to termlnate the employment of an employee orta provide termination benefits. 1.10 Rotiroment Benoffts Payrn8nts to deflned contrlbutlon rellr8ment b8neflt schemes are charged as an expense asthey fall due. Critical AcGountlng Estlmates and Judgements In the application of the charity's acCountng pollcles, the trustees are required to make judgements. 8¥timates and a88umptlons about the carrylng amount of as8ets and Ilabilitles that are not readlly apparent from other sourc85. Th8 8Stim8te8 and 88so¢iated assumptions are based on historical experience and otherfactors that are considered to be relevant. Actual results may differ from these estlmates. The estimates and underlylng assumptlons are r8vlewed on an ongoiTtg basis. Revlslons io accounting estimates are recognised in the period in whlch the estimate is revised where the revision affects only that period, or in the period of the revlsion and future periods where the revision affects both current and futur8 P8rlods.
FORTH SPRING INTERCOMMUNITY GROUP NOTESTOTHE FINANCIALSTATEMENTS (CONTINUED) FOR THEYEAR ENDED318t MARCH 2023 Crltlcal ac¢ountlng estlmate8 and judgements (Contlnued} Key sources of estimatlon uncert8inty Flxed A868t8 The annual depreciation charge on fixed assets depends primarily on the estimated lives ol each type of asset and estimates of residualvalues. The trustees re8uiarLyrÈviewthese assets lives and changethem as necessary to reflect current thinking on remalnlng Ilves in light of prospectiva economlc Lrtilisation and physlcal condltlon of the assets concerned. Changes in assets lives can have 8 significant impact on depreciation charges for the perlod. Detall of the useful lives is included in the accounting policies. Restricted and unrestricted funds Judgements are m8de in relation to allocation of income and expenditur8 to r8Stricted and unrestrlcted funds. The trustees consider it appropriate to allocate these funds based on interpretation of donations recelved. Support costs Judgements are made In relIOn to tne allocation of support costs of the char]ty to its charitab19 activlties. The trustees consider It appropriata to allocate these Costs b8sed on the allocation Df grant funding to the charltable activities in the year. Defarrod and accrued Incomè Income is defcrred or accrued based on when thG trust08s bgllgve the company Is legally entlt18d to tt sfter any performance condition8 have boen met, the amounts can be m8asured reliably, and11 Is probablethat Income wlllbe received.
FORTH SPRING INTERCOMMUNITYGROUP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31" MARCH 2023 6 D8scrlptlon of charltab(e actlvltles Forthspring We seek to enhance life opportunitles and to enable sustained relatlonships wtthln and across communities through 2 diverse range of programmes end activities. Movlng Up Movingon Moving Up Movlng On IMUMOI started in 201 S and works in p8rtnership with Springfield Primary School and St. Clare's PrimarySGhool to provide support 8eNicesfor children and parents. Springfield Primary School and St. Clare's Primary are the two core schools. NUMO also delivers activities in a smallsmount of other schools to replicatethe programme and sh8r8 good practic8 family supponworkwith more schools. Youth Matters The Youth Matters ProJe¢t Is a cross-communityyouth projectwhlch engagaswithyoungpeopie aged 8 to 18 via a range of ¢entre-based activities. group work and detached provision. Sprlngers Springers has been offering quallty. affordable afterschool Ghildcare durlngterm-tlme and full-time day care in school holiday periods since 2009.
FORTH SPRING INTER COMMUNITYGROUP NOTESTO THE FINANCIALSTATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 MARCH 2023 Trustee8 None of the trustees lorany persons oonnected with them) received any remuneration or benefits from the charity during the year. Employee8 The average monthly number of employees duringtheyearwas: 2023 Number 2022 Number 14 14 Employment costs 2023 2022 Wages and SaiarleslEmpLoyers NIC Otherpension costs 299,872 249,823 8.856 5.079 308,728 270.678 There were no employees whose 8nnu8l remuneration w8$ more than £60,000. 10. Tran8ters Transfers in the year from unrestricted to restricted w8r8 8 result of oveT8pend of funding. Transfers In the year from r8Stricted to unrestricted were to cover mls8lloc8tion of unrestricted funding on the prior year. -27-
FORTH SPRING INTERCOMMUNITYGROUP NOTESTO THE FINANCIAL STATEMENTS{CONTINUED) FOR THEYEAR ENDED31 MARCH 2023 11. Tangible fixed assets L88sehold Plant and Improvements equlpment Flxtures and flttingg Total Cost At 1 Aprll 2022 444 920 186,692 14,410 646,022 At31 March 2023 444 920 186.692 14.410 646.022 Depreci8tlon and Impalrment At 1 April 2022 Depreciation Charged in the year 436,026 8,894 79,307 8.486 9,747 3.603 525,080 20.983 At 31 Maich 2023 444,920 87.793 13,350 546,063 Cairying amount At 31 MarGh 2023 98.899 1,060 99,959 At 31 M8r¢h 2022 8.894 107,385 4,663 120.942 2-2a2S Plant and equipm8nt includes coststot811ing£147.556 fund8d bythe Education Authorty. A Deed of Covenantand Cliarge dated 23 February2016 reserves the premlses foryouth purposes for a perlod of22 years and provides other covenants and restrictions for repayment of grant in the event of a breaGh of the Deed. 12. Debtors 2023 2022 Amountsfallingdue within one year. Tr8d8 debtors Prepayments and accrued inGome 1.547 57,903 56,723 56,723 59,450 13. Credltors: amounts falllng due wfthln ono year 2023 2022 Othertaxation and sOCi8I s8curity Other Gredftors Accruals and deferred Income 13,187 5,079 11.851 1.409 8.018 30.117 9.427 -2