Short strand Community Forum Annual Report and Unaudit6d Flnancial Statements for the financial year ended 31 May 2023 Quarter Chartèred Accountants st Anne'$ Hou$9 15 Church Street Calhodral Qiiartar Belfast BTI IPG Charlty Number: 100217
Short Strand Communlty Forum TRUSTEES, REPORT for the financial y8ar ended 31 May 2023 The Iruslees wesenl Ihelr Trustees, Report and the unaudlled flnandal slat8Tnonls for Ihe flnanulel year 8ndod 31 May2023. The financial statements are prapared In accordancs wlth the Charilios Act (Noilhern Ireland) 2008, FRS 102 'The Flnandal Reportlng Standard appliGable in 11)e UK and Republlc of Ireland. and Accounting and Reporttng by Charllles.. Statgrnent of Recommondgd Pra¢tlc6 appllcabl8 to charities preparing Ihe]r finandal stalamenls In accordance wllh the Flnanclal Reporung Standard applloable In Ihg UK and R8publl¢ of Iroland {FRS 1021. The Trustees, Report oontalns th8 information requlred tts be provlded In tho Trustees. Annual RepDrt under the Stalemenl of Recommended Pracllc& (SORPI guidelin. The ITuslges ol the company are olso charlly Iruslegs for the purpose of charity law and under th8 companys constllullon are thown as mombers of the board of trustee¥, In this report the trustees ol Short Strand Communlty FONM present a summary of 119 purpose, governenoe, act1lIes, athlevemenls and finances for Ihe financial financlal year 31 May 2023. The charlty18 a registered ¢harlly and h6nce the report and ra$ult8 ar8 pre56nled In a form whlch complies with the requirements of the Charlties Act (Northem Ireland) 2008 and, although Not obllged lo comply with the Statement of Recommended PrarAico applicable in the UK and Republ1¢ of Ir81and FRS 102. th& oi'ganlsalion has impi8mgnt8d its reGomrnendatlon$ there relevant In these financlal slalemenls. Mission, Oble¢tlve¥ and Strategy ObJectl¥es Short Strand Communlly Forum5 main objective is to opBrate a 'cradle lo grave, approach of provldlng s8rvices and facllilles lo loGal resldpnls. Comwunlty davelopmenl k lo the f0rfjfnt of our work. We engage dlredly wtth the ccKnmunily m8king sense of the Issues which affe¢l Ihelr Ilves, sgitlng goals for Improvement and taknng a¢tlon Ilirough empDWgrment and p8rMcipxllve processes. We work In partnershlp ¥th kJ¢al people and aroani8atian8: in conjunction with a numbèr of vdunlary, slalutory and community organi5atlons. We work to collectlvely bring about &ocldl change and improve the 4uallty of life. Trnining and educallon Is a blg naed wllhln Ihe rommunity 8nd we aim lo provlde asslstance to local people to enabl8 them lo apply for, and obtaln 5uilabTe employment through a number of training inilialives. Our local lob dub operalos every Monday and we provlde Irainlng and advice for Iliose deemed e¢onomkally actlve as woll as provlding help wllh applioalion fonns and Snlarview lechnlques. We al80 provide Iralnlng and apprenliceshlps for young peoplo aged betW86n 16-24. Within the G¢)mmunily cenlre. there a varlous groups 8imod at providing care and support for Ihg Chlldren In the local araa. W@ also operate both a prw¢huol and after- School club. computgr drop-ln c¢ntre for 16-25 year olds and 8 very aotlve senk)r ¢lllzen$ group whlch Includos a woew lunch club. A women'$ group provlde servlces such as soclal Irainlng, arotnglherapy, crafts, ¢omputer tralnlng, keep tll. èssonllal skllls and wo11 as a number of olher training Initlalives. structure. Governance and Management structure Key Staff and per80nnel: -.Chalrpgrson" -Paul-McCrory- Senlor Dovelopm6nts Worker- Bernie Mcconnpll The Fotum holds regular month5y board meetings whl¢h have a gc#)d attendance recoid. All rneetings of the Fowm or of Iho committ¢è shall be presldéd ovar by a Chalrporson or Vice-chairperson. If ele¢tÈd. If allher the Chairperson or Wi.Chai)srS0n are present, those present may el¢¢t one of the aforom&ntloned lo tak8 tho ohalr of Ihe meethng, The commilleè m¢ly make such regulations as th¢y consider appropriate for the efflclent Gonducl of tho buslness of the committe6 and the Fowm. They ako appolnl Such staff as they cMslder n8C6S5ary on su¢h lem$ and condillons 8$ thay detennln8. Board rnlnutes are taken al all officlal board me&tlngs In the F0m. An AGM is held every year to dlscuss tho ac¢ounls for the Forum and must be held wllhln 15 monlhs of Ihe last AGM. Ravlw ol Actlvltle4 Achlev¢rnonts and Performancg Thls year we have undertaken more partslership roles in term8 of delfvery of prolo¢t8, those hav8 been mainly wilh organlsallons such a$ Tralning for Womon's Notwork and Belfast Interf8¢e Pro1t, Further extenBions of tundlng ha8 a180 been offered through the EduGation Authority. Our rc4e In delivering the Edu¢allc)n SIF ProleGt has expanded our profll8 %thln East BglfasL
Short strand Communlty Forum TRUSTEES, REPORT for the flnanclal year èlided 31 May 2023 Flnan¢Sal Revlgw The Impact of Covid-19 has brought many Dperatlonal ¢halleng&s for 8hDrt Strand Communlly Forum, like many other organlsatlons we arg endeavouring lo bulld up our resources and sBrvlc66 to resunie a full programme of f>v¢nts. Results and Dividends At th6 6fKI of tho flnon¢ial year the chArity has assets of £26,325 (2022 - £55,613) and Ilabilllle$ of £73,95512022 - £71,632}. Tho net Ilabllities of the ¢harily hava Increasfyd by £{31,6111, In aacordance with the Constilutlon, the trustees r6tlre by rotatlon and, belhg ellglble, offer themselves for rlectIOn. Compllanc¢ wlth Sector-Wld¢ Legislation and Standard8 Tli¢ charlly engages pro-aGtlvgly with leyisl8lion, standards and codes whlch are d&veloped for the &9Ctor. Short Strand Commvnily Forum 9ubscrlb88 to 8nd18 compliant wllh the followinll: Thg Charfllos SORP IFRS 1021 Ap ved by the Board of Tru8tee8 on 8 Soptèfflbei 2023 and slgnad ¢>n Its bohalf by: ccrory Trustpè
Short Strand Communlty Forum STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ethled 31 May 2023 The truslges are responslblo lor preparlng Ilie financlal statements In accordance wllh appllcable law and r9gulallons. The law appllcable lo ch&ritio$ in Northern Ireland raqulres the Iruslees to prepare flnancial stal¢ments for each rinancial year whlch glve a true and fair v18w of the assets, Ilabililles ond flnandal posillon of the Gharlly as at the flnanclal year 6nd dale and of Ihp surplus or deflclt of the ch8rity and olherwlse comply wllh Ihe Charflies Act INorth8m Iroland) 2008. In preparing these financlal stal6m6nls, tho trustee5 are rÈquIr lo: $eleot 8ultable accounting pollcles and apply them contsistently: observe the melhorls and princlples in Ihe Charities SORP make judgements and 88timales Ihat are reasonablo and prudonl,, state whether the ffinanoial slalem6nts have been ppared in accordanc9 vllh the relovant financlal reporting frameworK Identify those standards. and nolo the effect and the reqsons for any materlal d&parlurg from those $tsndards', and prepare the tinancial slalements tsn the going con¢ern basls unl6s8 It Is inappropriate to pregumo that the charlly WUI conttnue In operatlon. The trustee$ conflrm that they havg complled wllh the above requlrements In preparfng th8 flnanclal stalements. AS explained in notè 3, stale whather the appllcable in the UK and Republlc ol Ireland FRS 102 has beon followed., The INsteés ore reswnslble for k88piw adequate accounting records Ihal ara sufficlent to show and explain the ¢harlly's transaction8 and disG105e wilh reasonable accuracy at any time the financlal posltlon of the charity and enable them to ensure that tho flnanclal statements comply 1h the Charftl6s Act (Northern Ireland) 2008. They are also responsible for safeguarding the 3s8ets of the eharfty and hence for taklng reasonable Steps ft)r Iho prevenllon and dèlection of fraud and ollier lffegularilies, rovgd by the Board of Trusteos on 8 8Eptember 2023 and slgngd on Its behalf by: Trusl
Short strand Communlty Forum INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF SHORT STRAND COMMUNITY FORUM We have examlned Ihe financlal statements of tho charily for the tlnanclal year gndgd 31 May 2023, whlch comprise the Sta18m8nt of Flnanclal A¢Uvltios, the Balan¢9 Sheet and the related notes. Thls rerx)rt Ss made solaly to th? tharity's members, a$ a body. in accordance wlth the Charllles Acl (Northern Irelgnd) 2008, Our work lias been undertakon so that we mlghl CDmpllg the flnanclal slalements Ihal we have bgen engag6d to ¢omplle, r6POrt to the Board rjf Tru8lee8 th81 we have done $0, and 8lal8 those matters that w6 have agreed to stsle to them in this report and for no other purpose. To tho full681 extant pemltted by law, wè do not accept or asgumo responslblllty lo anyone othgr than the charlty and the charfty'8 members. as a body, for Dur worK or for thb report. R¢8Pg¢tlve re$pon$ibilltles of trustee8 and exomln¢r The ¢harlly'$ trustees ar& rosponslble for tho proparallon of the flnanEial staloments In accord8nca wllh the requlrements of the Charlties Aot (Northern Ireland) 2008. Th8 charills trusle8s con$lder that ali audit Is not required for Ihls flnanclal year Uhdw the Charfdg5 Act (Northem Iraland) 20C6 and that an Indepen(knl exgmlnatlon Is requlred. It Is our rasponslblllty to: pxamlne the fincial staternenls under s&cllon 65 of Ihe Charltles Aot., follow the procedures lald rhjwn by the general DlrpGtion3 given by the Charlty Comm18slon ft)r Northom Ireland under section 65{9Jlb) Dr tho Charltles Act., and slate whelhpr partirular matlers have Come lo our atlenllon. Bas1$ ol Ind¢pendent examiner's report have examinod your charlly financlal stat&rnenls as requlred under sedon 65 of the Charille8 A¢t and our 6xamlnalion was (•rrled out in accordanca with tho general Directlon8 given by the Charfty Commlsslon for Northern Ireland under sectlon 65{9)(bl OF thè Charitles Act. An examlnallon In¢ludes a review ol the accounllng r6cord8 képt by th8 charlly and a Comparison of the finanEial slatemenl8 presettted wlth those records. 11 also Includes consideration of any unusual ile[r or dlsclosures in tho flnanclal stalemonts and Seeklng explanations from the trustoes concarning any su¢h mat19rs. prweduros undertaken do not provlde all tho 8viden¢e that would ba required in an audil and consequenlly no aplnkjn Is gn as lo wh6thor Iho acoounts presént a 'lrue and falr, view and the report Is Ilm119d to those matter8 Set oul In the slalemonl below. In connection wllh Olir &XaMhtI0n, no mattor has como to our attention wliich glves us oause lo belleve that In, any mglerial respect attounting records were not kept in accordance wllh 5ectl<>n 63 of th& Charllles Act the financial statements do not acGord with thasft accounllng records Ilia finandal slalementg have not been prepared in accordancfa wllh thè Slalement of R8comm8ndèd Pra¢tice appllcable to chaiilies PTaparlng Ihelr accounts In acGordanco with the Finan¢lal Re)porllng Standard ap[CabI& In the UK and Republi¢ of Ireland IFRS1021 th9re15 further information needed for a proper undorstandlng of the accounts to bo reached. Indopèndont examIneS statement W& havo no ooncem.8 and have uume across no othor matters in connecllon with the examlnallon lo whlch attentson shoul drawn in this report In order to enabl6 a propsr undotslandlng of the flnardal stalements to bo r8ached. QUARTER Chartered Accountants stAnne's Hous8 15 Church Stro81 Cathedral Quartar Beifasl BTI 1PG Dat¢: 8 September 2023
Short strand Communlty Forum NOTES TO THE FINANCIAL STATEMENTS for the fhanolal year ended 31 May 2023 GENERAL INFORMATION Short Strand Community Forum Is a ¢harily Incclporated li) Northern Ireland, Th& registered afflce of Ihe company is Sliort Strand Comrnunlty Forum, 26a BeeGhllelrJ Street. Belfasl, Antrim, BT5 4EQ whlch Is k)Iso the principal p18ce of husiness of the company The flnanclal slalernonts have begn presenled In Pound Sl8rllng {£) whlGh Is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following 8¢¢ounling policies liave bgen appllod ¢onslst8ntly In deallng wllli Ilgms whlrh are con8idored material In relation lo the charfty's financial slalements. Basis of preparatlon The financial slat&menl$ have boen prepared under the hl¥lorl¢al Cost conv¢nllon. modified to include cert Items al falr value. The financlal statements have been prepared In acCdanc9 wlth the Statgm&nl of Recommended Pr&otlGe ISORPI "A¢Gountlng and Reporting by Charfties preyarlng their aGcounts In accordanco with the Hnand81 Reporting Standard appli¢abl8 In the UK and Republlc of Ireland FRS 102" applylng Se¢llon 1A of that Standard. A$ permltled by the Companies Act 2006, the ¢tharily has varled the standard form8ts in that act for the Stal'8ment of Ftnan¢lal Adlvlt189 and Ihg BalanGe SheeL Dopathres from tha standard forfflals are to comply with the r6quire.ments of the Chadlies SORP and arè In compllance with section 4.7, 10.6 anil 15.2 of that SORP. statemont of Gompllance The financial ststements of the charily for the flnanclal year éndgd 31 December 2017 havEJ be prepared on the golng concern bas18 aiid in accordance with the Statement of Recomm&nded Pra¢li¢& ISORPI 'AccountiMg and Reporting by Charlll8s prep3rfng Ihelr accounts In accordance wilh the Flnan¢lal Reporting standard appllcabl& In the UK and Republic of Ireland FRS 102" applylng Sectlon 1A of that standard. Incomlng Resources Voluntary income or ¢apltrdl Is Indudod in the Slatem8nl of Financi81 Aotivilie$ wh8n the charity Is legally entitlarl lo It. Its flnanLial value quantified wllh rea$onabl8 certalnly and Ihero Is rea80nable certainly of Its ultlmale rocglpt, Entltlemont to legacles Is consider8d e5tabllshed when tha ahariiy has been nollfied of a dislrlbution lo be made by the executors. Inoome recelved In advance of due performance undor a ctraCt is accounted for a8 daf88d Incomo unlll earnod. Grants for actlviUe$ are re¢ognlsed as Incomo when th8 lated condllions for legal enlillement ha baon mrf. All other incom8 Is accounted for on an a(uuals basls, Resources Expended All resources expended are account for on an accruals bads. Charllabl8 oclivlli8s include c051s of servlce5 arid grants, support CO8ls and depreciation on rolated assets. Costs of generatlng funds slmllarly In¢lude fundraising acllvitie8. Non-staff ¢o$ls not attrlbul8d to one category of acllvlly are alk)c8led or apportionad pro-rata to the staffing of thè relevant SeIE?. Finanw, HR, IT and adminlstrailve staff costs are dlreclly ibu - JLtLb_to individual ac_tivities by.oblecllvo. Governance co8ts are lhose a58ociatod with con8lltutional and slalutory requlraments. Tanuiblo fixod as$8ts and dopr¢¢l8llon Tangible fixed a¥$ats are stated al cost or at V8lu8llon, less accumulated depreciation. The ¢harye.ta depreclatbn 18 Galculatod lo write off the origin81 GWt or valuation of tanglble fixed a8sets, less Ih8lr esumatsd re¥tdual value, over thèlr expeckd useful Ilves as follow8.. Fixtures, fittings and equlpment Motor vehlcle$ 15¥0 Redudng Balance 25% Straight line Oebtcbr8 Debtors are recognlsad at th6 settlement amount du8 after any dlscount offered. Prepayments aro valued 81 the amount prepaid nel of any Irade dlscounts du8. Income rewgnised by tho the ¢harlty from gpvernmgnl 8gencle5 and other G[underS, but not yet received at year énd. 1$ Included In debtors. Gash at bank and In hand Cash at bank and In hand ¢omprises cash on deposll al banks réquiring less Ihan three month8 rv)tice of wllhdrawal. TatIon and doforrod taxatlon No curront or deferred taxation arises as the charlty has been grantad chdrllable gxemplion, Irrecoverable va]ugd added tax Is expensod as Incurred. 10
Short strand Communlty Forum NOTES TO THE FINANCIAL STATEMENTS conllnued for the fin8n¢lal year ended 31 May 2023 GOING CONCERN Short Slr&nd Community Forum ha? a defiGienl bal&nre sheet of £47,630. The defleAenl balance sheol In Shorf Strand Communlty Fornm is duè lo loans made to other Short Strand community groups wllhln the Forum, we have been informed that thpse amounts are not repayable, Thereforo, th9 conlinuatlon of thls charlty Is Tellablts on the support of thes& groups. Short Slrand Communlly Forum have overspent Ihe unrestricted they have received during the flnan¢lal perlod. INCOME CHARITABLE ACTivrriES Unrestrictod R•$trlotgd Funds Fund¥ 2023 2022 Income from ¢haritablg acttvilies 1.703 116,518 148,221 156,475 42 OTHER INCOME Unrgstrfcted R0$trl¢ted Fund$ Fuiids 2023 2022 Other InGorne 7283 EXPENDITLIRE CHARITABLE ACTIVITIES Dlro¢t Costs Othfjr Costs Support Costs 2023 2022 Costs of Charilable actlvities 76,285 103,547 179,832 144,485 SUPPORT COSTS GhaTl¢able A¢tlvlts'es 2023 2022 Support costs Accountancy sgrvlees 101,987 1,560 101,987 1.560 94.009 1.500 103,547 103,547 95.509 ANALY818 OF SUPPORT COSTS 2023 2022 Support Costs Accountancy services 101,987 1,560 94,(KJ9 1,500 103,547 95,509 NET INCOMING RESOURCES 2023 2022 Net Ineomlng Rasources are stated aftgr charglngl{credltlngl: DepreGiallon of tanglble assets Grant8 recelvablg received 6,026 7,632 {7,263) INVESTMENT AND OTHER INCOME 2023 21Y22 Revenue grants received 7,263 11
Short strand Communlty Forum NOTES TO THE FINANCIAL STATEMENTS contlnu¢d for the flnanclal year ondod 31 May 2023 EMPLOYEES AND REMUNERATION Numbor afemployoos The average number of pérsons employed Ilncludlng 8xeculive trusleèsl durlng the financlal year wa8 88 follows.. 2023 Number 2022 Number Aver8ge Employees Tho staff eosts ¢omprlse', 2023 2022 Waggs and salaftes Social security CO8ts 84,323 6,OD1 78,003 6,112 90,324 84,115 10. TANGIBLE FIXED ASSETS Fixtures, flltlngs 4nd equlpment Motor vehiGIg5 Total Co8t Al 31 May 2023 44,645 59,100 103,745 Depreclation At 1 June 2022 Charge for the Itnancial year 14,518 6,026 59,100 73.618 6,026 At 31 May 2023 20,544 59.100 79,644 Net book valu At 31 May 2023 24,101 24,101 At 31 May 2022 80,127 30,127 11. DEBTORS 2023 2022 Amounts owed by connected parlies (Note 161 Amounts owed by related parties 5,423 1,580 7,003 12. CREDITORS Amounts falllng due wlthln ong ygar 2023 2022 Trade creditors Atnounts owed lo ¢onnecl¢d partlos (Note 16) Taxation and Soal security costs (Note 13) Accru$ and dèferred Incom8 2,760 59,996 7,376 1,500 62,311 10,144 1,500 n,955 71.632 12
Short Strand Community Forum NOTES TO THE FINANCIAL STATEMENTS G(Jilinued for the flnanclal year ended 31 May 2023 13. TAXATION AND SOCIAL SECURfry 2023 2022 Credltors: PAYE I NI 10,144 7,3T6 14. RESERVES 2023 2022 At 1 June 2022 {D6flcllySurplus for th& flnan¢lal year 116,019) 131,6111 13S,272) 19.253 Al 31 May 2023 {47,630) {18,0191 15. FUNDS 15.1 RECONCILIATION OF MOVEMENT IN FUNDS UnrestrlGted Re8tr1cted Funds Funds Total Funds At 1 June 2021 Movamenl during thg finanGlal year {35,2721 13.595) (35,2721 19253 22,848 At 31 May 2022 Movement during th& financlal year (38,867) 18,771) 22,848 (22,840) (16,0191 {31,6111 Ai 31 May 2a23 (47,638) (47,630) 15.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1Jun 2022 Incoma Expendlture Transfers ljetween funds Balance 31 May 2023 Restrl¢tod fund5 DSD Be5fast Clty Coundl Training Womens Noiwork Education Aulhorily Other Reslrioled Incomo Community FoundBllon 23,838 4,000 42,420 2,200 70,340 3,7?.0 23,838 4,000 42,420 2,200 93,180 3.720 22,848 22.848 148,518 169,35B Unra$frl¢tod funds UnrestriGted General 138,8671 1,703 10,474 147,8381 rolal funds (16,Q191 148,221 479,832 147,630) 15.3 ANALYSIS OF NET LIAHILn'iES BY FUND Flxed as5gts Charlty use CuTront 8$6ets Curreiit Ilabllltle8 Total Restricted Irusl funds (3,992) 13,992) Unrestrlcted g8n&ral funds 24,101 6,216 (73,9551 {43,6381 24,101 6,216 177,9471 {47,6301 13
Short Strand Communlty Forum NOTES TO THE FINANCIAL STATEMENTS onllnued for the fthancial year ended 31 May 2023 RELATED PARTY TRANSACTIONS The charlty had Iran8aolions with other conneded partles, Tho followlng amounts are recelvable at the finan¢lal year ond,. Balan¢e Movement 2023 In finanGlal year Balanc Maximum 2022 In financial yèar Womens ProJ&ol {5,4231 5,423 SA23 The following amounb are due lo other Conned parties.. 2023 2022 Short Strand Community Cont PlayGar8 Project Short Strand communlty Forum No3 50,473 11.838 43,163 10,278 6,555 82,311 59.996 Nel balancos wllh olh@r connected parties: 2023 2022 Short Slrand Communily Centre Womens ProieGI Ployoare Proleol Short Strand Community Forum No3 {50,473} (43,1631 5,423 (10,278) 18,555) 111,8381 {82,3111 154,5731 In th& oplnlon of the twslegs these amoun19 artse In the ordlnary course of business and the terms of Ih atnounts due are In accordance with Ihe terrrs ordinarily offered ty the charlty. 17. PO8T.BALANCE SHEET EVENTS There have been no signiflcant 6vonl8 affocllng the Charity since the financial year-end, 14
SH T STRAND COMMUNrrY FORU SUPPLEMENTARY INFORMATION TING O THE FINANCIA TATEMEN FOR THE INANCIAL YEAR ENDED 31 MAY 2023 15
Short strand Communlty Forum SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Opsrallng Statement for the financlal year ended 31 May 2023 2023 2022 In¢ome 140,221 156,475 Expen¥e$ Wages and salaries Social gerItY cosls Repalrs and maintenance Proleol Co$15 Printing. postag8 and 8tatlonery Telephone AGcountancy Bank charges Bad debts Depreciolion 84,323 6,001 78,003 6,112 1.240 48.976 80,285 242 549 1,560 398 507 1,500 615 6,026 7,532 179,832 144,485 Miscellaneous inwmg Revenue grants received 7,2e3 Net {deflclt}Isurplus 131,011) 19,253 The supplementsry information does not forTh part of Ihe financlal statements 16