COMPANY REGISTRATION NUMBER: Nt062692 CHARITY REGISTRATION NUMBER: NIC100228 Clonard Monastery Youth Centre Company Limlted by Guarantee Unaudited Financial Statements 31 March 2024 VEL Chartered accountants 22 Graat Victoria Street Belfast BT2 7BA
Clonard Monastery Youth Centre Company Llmlted by Guarantee Flnanclal Stalements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial activrfties (including income and expenditure account) Statement of financial Posilion Notes to the financial statements
Clonard Monastery Youth Centre Company Llmlted by Guarantee Truslees, Annual Report (Incorporatlng the Dlrector's Report) Year ended 31 March 2024 The Irustees, who are also the directors for the purposes of company law, present their report and the unaudited financRI statements of the charity for the year ended 31 MaTch 2024. Reference ond admlnlstratlve detalls Reglstered ¢hartty name Glonard Monastery Youth Cantre Charfty reglstrallon number Company reglslratlon number N1062692 Prfnclpal offlce and reglstsred Clonard Monastery offl¢e 1A Ck)naTd Gardens Bèllast BT13 2RL NIG100228 The trustees Mrs Geraldine Stinton Mr Patrick Murphy Mr Brendan Dineen Mr Paul Shgvlin Mr Christopher M¢Closkey MTS Rila Burke Rov Peter Bums Mr Piarais Mccaffery Mr Bary Fogan Mr John Leo McGurk Rev Brendan Kelly (Resignod 16 January 2024) {Resigned 1 August 2023) {Appointed 1 Augusl 2023) IAppoint8d 1 August 2023) (Appointed 1 August 2023) Independent examlner Mr Kieran Mccaughey FCCA 22 Great Victoria Street Belfast BT2 78A Structure. governance and man8gemenl The Charity is a charitabl8 company limiled by guarantee and was incorporated on 17th January 2007. It is governed by a memorandum and articles of association. Due lo the nature of the charity trustees are appointed on Ihe basis ol th8ir expertise. We specifically look lor trustees who have proven expertise in youth issuès and current legislation related to young people. The Board is reviewed annually io ensure that the appropriate mlx ol skills is maintained and to identify if any further skills are required lo ensurè the company locuses on ils core work.
Clonard Monastery Youth Centre Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Dlrectorfs Report) (conllnu8dJ Year ended 31 March 2024 Structurei govemanee and managemenl (conllnu•dJ Tralnlng TIu5tees are already familiar wllh the practical work ol Ihe charity and are invited to attend charitabl8 mernbership awareness events and govemance training arKI seminars. Now trustees are required to participate in govèrnance training or9anis8d annually. Objectlves and acllvllles Prlnclp81 acllvlty and buslness rev19W The principal activity of the Charity is to support young F0p[e to realise their full potential and become activo citizens in soctety, through theÉr participation in. and association with. goals and principles Ihat are educative, participalive, enabling and promote equality of opportunity and social inclusion. The directors are satisfied vh the project to da16 and the results arè in line with oxpecktions. Mlsglon statemenl Clonard Monastery Youlh Cenire supports young people to realise their full potsntial and become active citizens in society, through their participation in. arKI association with goals and principles that are educatiV8, pwticipative. enabling and promote eqUaty of opportunity and social inclusion.
Clonard Monastsry Youth Centre Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Dlrector's Report) (conNnu•d) Year ended 31 March 2024 ObjeIVeS and a¢tlvllles f¢onth) Oblectlves and acllvltles Our programmes are based on The Model for Effective Practice (Youth Work Curriculum for Northern Ireland} and include: Plan and facilitate a programme and employ staff to meet the criteria set by OFMIDFM, to 'increase access to mainslream youth services in disadvantag6d aroas, to support SP8cifi¢ targeting of those who may be at greater r6sk of soclal exclusion, materialisalion or isolation because they experience a combination of bariiers to leaming. Drop-ln facilities for members each weekday evening Irom 19:LIO to 22.00. induding snooker. pool. lootball & other entertainm8nt Youth Projects 5ubj8ct to successful funding applicalions. whieh are agg and abilty specif. Training for young people aged 15 ptus. Communty Relalions Projects wth a range ol partners. induding Ledley Hall Boys and Girfs Club. Mounlcollyer Youth Centre. YMCA. and Clonard Residents Summer programme Make facilities available tor Irish Dance, and lootball training io local community groups Out-door residential experiences: InternatÈonal Experioncos. In association with Clan Mor Sure Start we offer training facililies for young parents and wovide Crèche for them for the year they are with us, and: We offer issue-based programmes in associallon with a range of partn8rships and external groups. Publ1¢ benefll Clonard Monastsry Youth Centre has striv8d to promots the benefit of children and young people in the Clonard area. through a range of dèvelopmental and educalional programmes throughout the year. Over the course of the year we provided young peopl6 yth opportunities to develop emolionatly. physrcally and spiritually a5 well as providlng y04Jng people with the opporiuntty to tako part inieffnaiional trips and vlow Iho workl in a wider conlexl. All programmes and s8Nices olfered in tho youth conlre have promoted capacty buikling and encouraged growih and greater self-esteem and leadership skills in young people.
Clonard Monastery Youth Centre Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Dlrector's Report) (conNnueO) Year ended 31 March 2024 Straleglc report The following sections lor achievements and performance and linanciai review form the strategic report of the Charity- Achlevements and partomiance In the past year we inoraased our attendances and mgmbership numbers as young people availed of the brand new facilities after refUlShment. We were able to pian and organise 2 international learning experiences which will lake place in the coming year. We also developed a junior and senior youth lorum within the youth ntre who spearheaded some lantastic Work within the youth cgntre and allowed us to grow from strength to strength. Our dotached workers continuéd to engage with yourvj people in and around the CFonard and Springfield Road areas and provided young pe0F8 with much needed support and guidanc throughout the year. Programmes wlth Youth Justice Agency to help raise awareness of tssues of anti-social bohaviour. Flnanclal revlew Fundlng is sourced from the following.. Contributions from members Grant from Educaiion Authorty Other grants received following *ication by staff for funding.
Clonard Monastery Youth Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) (¢ontlnuedJ Year ended 31 March 2024 Flnanclal revlew f4*nlinued) Reserves pollcy The Irusl6es have examined Ihe chariws requirnm8ftts for rèserves in light ol ihe maln risks to the organisation. li has established a policy whoreby Iho unrestricted funds not committed or invested in tangible fixed assets held by the charity should be one year's expendilure. Tho charity has budg8ted expendilure in 2024125 ot £150.000 inclusive of ihe stalf and premises costs that are met Irom reslricled funding and ihe trustees wsll target to have reserves of £150.000. Ttp reseNes are noeded io meet the worklng capitsl requirements DI the Charity and the trustees are conlKJeni Ihal ai this lovel of lunding Ihey M7uld be able lo continue the CLtrrenl activilps ol the charity in the event of a signili¢anl drop In funding. The present level ot unrestricled reseryes of £67.418 is significanlty short of the target level. Alihough the stralegy is to continue lo build reseNes. the trustees ar6 wall aware that tt is unlikeFy that the target can be reached for at leasl five years. In the short ter the Iruslees have also considered Ihe extent lo which exisling activities and expendituro could be curtailed. should suoh circumstances arise. Plans lor future years The charity plans continuing the activities outlined above in future years. Sfflall company provlslons This report has be8n prepared in accordance wtth the provtsions applicable lo companies entilled lo the small companies exemption. Thg Imsl8es' annual reporl arHI Ihe strategic report wero aFvroved on 6 December 2024 arKf sned on bthalf of the board ol trusle¢s by.. Mrs Geraldine Slinton Truslee Mr Brendan Dineen Trustee
Clonard Monastery Youth Centre Company Limited by Guarantee Independent Examiner's Report to the Trustees of Clonard Monastery Youth Centre Year ended 31 March 2024 I report to the trustees on my examination of the financial statements of Clonard Monastery Youth Centre (Yhe charity) for the year ended 31 March 2024. Responslbllltles and basls of report As the trustees of the company (and also tts directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act.). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitys financial statements as carried out under section 65 of the 2008 Act. In carryÉng out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the 2008 Act. Independent examlnevs statement I have completed my examination. I confirm that no matters have come to my attenlion in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act: or the financial statements do not accord with those records. or the financial statements do not comply vbith the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Reputlic of Ireland (FRS 102). I confirm that Ihere are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Mr Kieran Mccaughey FCCA Independent Examiner 22 Great Vlctoria Street Belfast BT2 78A 16 December 2024
Clonard Monastery Youth Centre Company Llmlted by Guarantee Statement of Flnancial Activitles (Includlng Income and expendilure account) Year ended 31 March 2024 2024 Unreslricled Restricted lunds funds Total lunds Total funds 2023 Note Income and endowments Donations and legacies Charitable activities Oihei Irading aclivities Total Income 5,122 7,031 17.087 4,185 137.748 9,307 144,778 17.087 6,688 200,562 17.929 29.240 141.933 171,172 225.179 Expendlture Expenditure on raising fvnds= Cosls of other Irarfing a¢liwlies Expendslure on charitable activities Total expendlture 1,084 26.796 1,084 216.966 3.471 284.531 190,171 127.880) 1190,1711 {218.050) (288.002) Net expendlture and nel movement In funds 1,360 (48,2381 146,878) 162.823) Reconciliatlon ol lunds Total funds brought forward Total funds carrled foNard 75.426 76.786 644,803 596.565 720.229 783.052 720.229 673,351 Th6 statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notgs on page¥ 9 10 21 lomi part of thosg flnancial $laternenl$.
Clonard Monastery Youth Centre Company Llmlted by Guarantee Slatement of Flnancial Posltlon 31 March 2024 2024 2023 Note Flxed assets Tangible fixed assgts 14 580.071 632.558 Current asgelg Debtors Cash al bank and in hand 15 61 93.219 89.152 93,280 89.152 Credllors: amounts lalllng due wllhln one year Nel ¢urrenl ass$ 16 1.481 93,280 673,351 87,671 720.229 Total assels less curront Ilabllftles Funds ol the charlty Restricted funds Unrestricted funds 596.565 76.786 644.803 75.426 Total charlty tunds 18 673.351 720.229 For the year 8nding 31 March 2024 the charity was entitled to exemplion from audit under section 477 ol the Companies Act 2006 relating lo small companies. Diroclors, responsibilities: The m9mbors hav9 not required the company to obtain an aurfit of its linancial statèments for the year in question in accordance with seclion 476: The directors a¢knoedg6 Iheir responsibilities for complying with ihe requirements of the Act with respect to accounling records and the preparation of financial statements. These financial staloments have been prepared in accordance wilh the provisions applicable to companios subject to the small companies. regime. Thèse financial statemeTJtS Ware approved by the board ol trust8es and authorised for issu8 on 6 December 2024. and are signed on behalf of Ihe board by: eic Mrs Geraldine Stinton Trustee Mr Brendan Dineen Trustee Tho notes on pag85 9 to 21 fomi part ol thege Ilnanclal stalements.
Clonard Monastery Youth Centre Company Llmlted by Guarantee Notes lo the Flnanclal Statements Year ended 31 March 2024 General Informatlon The charity is a public benefit entity and a privale company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered officè is Clonard Monastery, 1A Clonard Gardens, Belfast, BT13 2RL. Stalemenl of compllance These financial statements ha boen prepared in compliance wtth FRS 102. The Financial Rewrting Standard applicable in the UK and Ihe Rgpublic of Ireland. the Slatemenl of Recommended Practice applicable to charities preparing their accounts in ac¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounllng pollcles Basls ol preparallon The financial siatements have been prepared on the historical cost basls, as m(KJrfied by the revaluation of certain financial assets and liabilitios and invoslment properties measured at fair value through income or expgndilure. The financial stalements are prepared in sterling, which is the fur¢tional ourrency of the entity. Golng concern There are no material uncertainties about th6 chadtys abllity to continuo. Judgements and koy sources of esllmatlon uncertalnty The preparation of the financial statements requires management to make judgemènts, estirnales and assumwions that affect the amounts reported. These estimates and judgem6nts are continually reviewed and are based on experience and other factors. including expectations of future evonts that are believed to be reasonable under the Circumsts$S. Signilicant judgemenls There are no judgements (apart from those involving eslimalion$) Ihat management has made in the procass of applying the entitys accounting policies that have any 5ignilicant effect on the amounts recognised in the financial slatements. Key sources of estimation uncertatnty Accounting estimates and assumptions arè made con¢eTning thè future artd, by th8ir nature. will rarely equal the related actual outcome. Ther8 are no key assumptions and other sources of estimation uncertainty that have a signiftcant risk of causing a material adjustment to the carrying amounts ol assets and liabilitles within th8 next financial year. The preparation of ihe financial statements requires management to make judgements. estimates and assumptions Ihat affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including exp8ctations ol future evenls that ar8 bgliev8d to be reasonable under the circumslances.
Clonard Monastery Youth Centre Company Llmlted by Guarantee Notes to Ihe Flnanclal Statements (¢onllnwdJ Year ended 31 March 2024 Accounllng pollcles (confthuodj Judgements and key gources of egumallon uncertalnty (CortInu) Fund accountlng Unrestricted funds are availablg IOT use at the discrolton of the trusiee$ to further any of the charivs purposes. Dèstgnatsd funds are unrestricted funds eamarked by the trustees for parbcular firture project or commltmenl. ReslriGted funds are subjected to restriclions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of two sub-classes.. restricted income funds or endowm9nt funds. Incomlng resourcos All Incoming resources are included in the statement of financial a¢livities when entitlement has passed to the charity. it is probable that the economic benefits associated with the transaclion will Ilow to the charity and the amount can be reliabty measured. The following specific polrcies are applied to parlicuiar categories of income". income from donations or grants is recognised when there is evidence of entitlement to th gift, re¢alpt is probable and its amount can bo measured reliably. legacy income is recognised whtn reGeipt is probable and entitlement is eslablished. income from donated goods is measured at Ihe fair value of the goods unless this is impracticd to measure reliabty, in which case tho value is derived from the cost to the donor or the estimaled resale value. Donated facilities and servrces are recognrsed in the accounts when receNed If tho valu8 can be reliably measurod. No amounts are included for the contribution of general volunteers. income Irom contracts for Ihe supply of services is recognis8d with the delivery of the contracted seNice. This is classified as unrestricted funds unless there is a contractual requirèment for it to be spent on a partrcular purpose aTKI returned if unspent. in which case it may be regarded as restricted. 10-
Clonard Monastery Youth Centre Company Llmlted by Guarantee Notes to the Flnanclal Statements {ntInued) Year ended 31 March 2024 Ac¢ountlng pollcle$ (conllnu8d) Resources expended Expenditure is recognised on an accruals basi$ as a liability is Incurred. Expenditure includes any VAT whh cannot be fully recovered. and is classified under headings of the statement of financial actlvitios to which it relates.. expendilure on raising hjnds includes the cosls of all lundraising activitie5. events, non- charitable trading actiwties, and the sale of dorkiled goods. expenditure on Charitable acliviues includes all costs incurred by a charity in undertaking activilios that further its ¢harilab16 ams for the beneftt of ils beneliciaries, Including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includ8s all expenditure that is netther related to raising funds for the charity nor part of tls expenditur8 on charitable actNbkn8s. All costs are located to expenditure categories reflecling th& use of the resource. Direct costs attributable to a single activity are allocated diredy to that activity. Shared costs are apportioned bglween the aclivities they conlribute lo on a reasonable. juslifiable and consistent basis. Tanglble assets Tangible assats are initially record&d at cost. and subsequently stated al cost loss any a¢cumulated deprecialion and impairment lossos. Any tangible assets carii8d at revalued amounts are record6d at the fair value al thè date of revalualion less any subsequgnt accumulated depreciation and subsequent accumulated impaimient losses. An Increase in the carrying amount ot an asset as a result of a rèvaluation. is recogntsed In other recognised gains and losses. unless il reverses a charge for impaimient that has previously been recognised as expenditure wtthln the statement of financial aclivilies. A decrèase in Ihe caThying amount of an asset as a result ol rovalualion. is recognised in other rocognised gains and losses. exc8PI to which it offsets any prevtous revaluation gain. in which ¢as8 the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclatlon Dèpreciation is calculated so as to wrila off the cost or valuation of an asset, less its residual value, over th9 useful oconomic life of that asset as lollows: Short leasehold property Impairment ol tixed assets PA straight line A revigw lor Indicaltsrs of impairmenl15 Carried our at each rèportin# date, th Ihe racov8r&ble amount boing esdmaled wherg sucb ithdi¢atvrs &xisl. Whore the cartylng exceeds tho recovèrable am¢)unt. the asset is impaired accordingly. Prior impairments are also reviewed lor possibie rev8rsal at each reporting date. 11
Clonard Monastery Youth Centre Company Llmlted by Guarantee Notss to the Flnanclal Statements (conflnu•dJ Year ended 31 March 2024 Aecountlng pollcleg (¢onthJuo Impalmienl ol Ilxed a¥sel$ (eonffnuod) For the purposes of impairment testing, whèn it is not possible io eslimate the recoverable amount of an individual asset, an èstimatp Is made of ihe recoverable amount ol the cash- generating unit to which Ihe assot bolongs. The cash-generating unit is the smallest identifiable group of assets Ihat includes the asset and geneTates cash inflows that largely indepen(Jent of the cash inflows Irom other assets or groups of assets. For impairment tesllng of goodwill, the goodwill acquired in a business combinalion is. from the acquisition date, allo¢aled to each of the rash-generating units that are oxpected to bonefit from the synergies of the combinalion. irrosp9clive ol whelh8r other assels or liabilities of the charity are assigned to those units. Flnanclal Instruments A financial asset or a financial liabilty is recogntsed only when ihe charity beoomes a paty to the contractual provisions of the inslrurnent. Basic financlal instruments are initially recogniseLI at the amount receivable or payable inclu(fing any related transa[0D cosls. Current assols and current liatylilies are subsequently m@asur6d ai the wh or other consideration expected to be paid or received and not discounted. Debt inslruments are subsequently measured at amorttsed cost. Wherè investments in shares are publicly traded or their fair value can otherwise be measured reliably. the investment is subsequently measured at fair value with changes in lair valuo recognlsed In Incomè and expendilurg. All other suoh investments are subsequently measured at cost less impairrnent. Other financial instruments. including derivatives, are initially recognised at fair value, urFIoss payment for an asset is delerred beyond normal business tèrms or financed at a rate of inlerost that is not a market rate, in which case thè asset is measured al Ihe present value of the future payments discountad at a markèt rate of interest for a similar debt inslrument. Olher linarTrrJal instrumènts arg subsequonly measurtKF ai Ir value. wilh any changes r8cognised in the statemenl of financial activities, with the oxception ol hedging instrumenls in a deslgnated hedging relationship. Financial assets that are measured al cost or amortised cost ara vieWed for obj8Ctrvp evideTKè of impairment at the end of each reporting date. It ther8 is oLiective evidence of impairment. an impairment loss is recognised undér the appropriate heading in Ihe statemenl of financial activities in which the initial gain was recognisad. For all equity in51ruments regardless of signrficance, and other linanclal assets that are individually significanl. thgse are assessed individually lor impairment. Other financial assets are eilher assess8d individually or grouped on the basis of similar credit risk characteristics. 12.
Clonard Monastery Youth Centre Company Llmlted by Guarantee Notes to the Flnanclal Statements [nI}nU•d) Year ended 31 March 2024 Accountlng pollcles {¢onithu•d) Flnanelal Instruments (cortlnu•dJ Any reversals of impairment are recognised immediatsly. to the extent that thè reversal does not result in a carrying amount of the linancial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Deflned conlrlbuuon plans Conirfbutions lo delined contribulion plans are reeogntsed as an expense In the period In which the rblaled servio is provided. Prepaid contribultons aro recognised as an asset to the extent that the prepayment will lead to a Teductioft in future payments or a cash refund. When contributrons ar8 rt expected to be settled wholty within 12 months of the and of the reportiry date in which the employees rendèr the related servlce. the fiability is m8asured on a (fiscourted present value basis. The unwinding of the discount is recognised as an expense in th8 period in which it arises. Llmlted by guaranlee Iv?ry momber vndertakcs to conliiliule to ihe a5sats Df the company in thg event of the company b61ng wound up while they are a member, or within one year of ¢easing to be a member, for payment of tha debls and liabilities ol the company contracted before they ceased to be a member and of the costs, charges and expenses of winding up and for the adjustment of Ihe rights of the contributorres among themselves, such amount as may be required. not exceeding £1. Donallons and legaeles Unrestricted Funds Restrioted Tolal Funds Funds 2024 Donatlons Donations 5.122 4,185 9.307 Unrestricted Funils Restricted Total Funds Funds 2023 Donatlons Donations 3,354 3,333 6.688 13-
Clonard Monastery Youth Centre Company Llmlted by Guarantee Notes 10 the Flnancial Statements (conllnii•dJ Year ended 31 March 2024 Charflable octlvllles Unrestrtcted Funds Reslricled Total Funds Funds 2024 Holy Trinlty Youth Collegg Addilional summer activities Educalion Aulhority Building Refurb Cape Town Work Ready 1.645 5,386 1,645 112.375 6,729 19,329 4.700 144.778 106.990 6,729 19,329 4.700 7,031 137,748 Unreslricled Funds Restrlcted Total Funds Funds 20Zd Holy Trinty Youlh College Additional summer activities Education Authotity Building Refurt) Cape Town Work Ready 2,234 2,030 196,022 2.234 2,030 196.298 277 277 200,286 200.562 Other Iradlng acllvlllgs Unrostricted Totsl Funds Unrestricted Total Funds Funds 2024 Funds 2023 Shop income Club admission fees Rontal inc0rn9 534 4.067 12,486 17.087 534 4,067 12.486 5.605 2,617 9.707 5.605 2.617 9,707 17,929 17.087 17.929 Costs of other Iradlng acllvltles Unrestricted Funds Aeslricted Total Funds Funds 2024 Costs of othar Irading aclivities . Shop costs 1.084 1,084 Unrestriet Funds Restricted Total Fur8 Fund$ 2023 Costs of oth8r trading aclivities - Shop costs 1,475 1,996 3,471 14-
Clonard Monastery Youth Centre Company Llmlted by Guarantee Notss lo the Flnanclal Statements (eonthiEr•d) Year ended 31 March 2024 Expendlture on Qharllable actlvltles by fund typ• Unrastricled Restricted Tolal FurKI$ Funds Funds 2024 All activities Support costs 25.296 1,500 26,796 190,171 215.466 1.500 216,966 190.171 Unreslricled Funds Restricted Total Funds Funds 2023 All a¢tivilies Support ¢osts 27,832 1.300 29,132 255,399 283,231 1,300 255.399 284,531 10. Net expendllure Net expenditure ts stated after chargil{crediting). 2024 2023 Depreciation of tangible fixed assets 52,487 52,487 11. Independenl examlnatlon fees 2024 2023 Fees payable to Ihe independent examiner for: Independenl examination ol the linanciaf slalements i.soo The ind8p&nd8nl 8xaminalion fees are a donated service. 12. Slaff costs The total staff costs and employee benefils for the reporting perlod are analysed as follows: 2023 Wages and salaries Social security cosls Employer Contributions to pension plan$ 83.835 122.299 612 1.416 124.327 1.724 85.559 15-
Clonard Monastery Youth Centre Company Llmlted by Guarantee Notes to the Flnanclal Statements l¢onllftu•d) Year ended 31 March 2024 12. Staff costs (conlln(mdJ Tho average hoad count of employees durlng the year was 13 {2023: 17). The average number of full-time equivalent employees during the year is analysed as follows- 2024 2023 No. Management YoLrth workers No employee received omployee bénelils of more than £60.000 during the year12023.- Nil). Key Management Personnel The trustees are considered to be the key management personnel and they have received no remuneration or other benefits lor the services provided to the charity. 13. Trustee remuneratlon and expenses No remuneration or other benefits from employment W7th the charity or a related entity were received by the trustees. 14. Tanglble Ilxed assets Short leasehokl property Cosl At l Apr 2023 and 31 Mar 2024 Depreclatlon At 1 Apr 2023 Charge forthg r At 31 Mar 2024 787.300 154.742 52.487 207.229 Carrylng amounl At 31 Mar 2024 580.071 632,558 At 31 Mar 2023 15. Debtors 2024 2023 Other debtors 61 16-
Clonard Monastery Youlh Centre Company Llmfted by Guarantee Notes 10 the Flnanclal Statements (conllnuedl Year ended 31 March 2024 16. Credllors: amounts lalllng duo wlthln one yeaf 2024 2023 Social security and other taxes 1,481 17. Penglons and other post retlrement beneflls Deflned contrlbullon plan3 The arnount recognised in income or oxpenditure as an expense in relation to defined contributton plans was £1,724 (2023: £1,416). 1& Anatysls ol charltable lunds Unreslrlcled funds Ai 1 Apr 2023 Incoma Expenditure 31 Mar 2024 General funds Designated Fund l - desc in alcs 75.426 18.014 11,226 29,240 (27.880) 65.560 11.226 75.426 (27.880) 76.786 At Income Expenditurè 31 Mar 2023 At 1 Apr 2022 General funds Designated Fund 1- desc in alcs 84.473 21.560 (30,607} 75.426 84,473 21.560 (30.607) 75.426 17-
Clonard Monastery Youth Centre Company Llmlted by Guarantee Notes 10 the Flnanclal Stalements (¢onllnued) Year ended 31 March 2024 18. Analys1$ of charllable funds (¢ffithyMd) Reslrlcled funds At Income Expenditure 31 Mar 2024 At 1 Apr 2023 Parent and toddler group capital fund Overheads fund Building refurbishment Summor prograrnme CHAMPS Summer expenses EA inclusion WIP TBUG Sumrner Hours Ledley Hall Awards for all Planned Inlgrvention MIS training furKJ Jobstart Yothhlink Sported Tl Refund New Yolk Girls Group Gape Town WO Ready Building Refurt) 10.000 10.000 1.692 574.260 97.111 (95,419) (51.733) 625.993 965 4,185 5.150 4.652 (4,652) 7.845 (2.382) (5,227> 5,463 5.227 19,329 4,700 6.729 (19,3291 {4,700J {6.729) (190.171) 644.803 141.933 596.565 At Income Exp8ndilure 31 Mar 2023 At l Apr 2022 Parent and toddler group capital furKI Overheads fund Building refurbishment Summer programme CHAMPS Summer expenses EA inclusion WIP TBUC Summer Hours Ledley Hall Awards for all Planned Interyention MIS training fund 10.000 10.000 99,101 (99,101) (51,733) (4,050) (7.710) (1.0001 126.6381 17.4711 {1.615} (25.543} 12,350} 677.726 625,993 4,050 8.675 1,000 26,638 7,471 9.460 25,543 172 2.178 18-
Clonard Monastery Youth Centre Company Llmlted by Guarantee Notes to the Flnanclal Slatements l¢onUnuo(1) Year ended 31 March 2024 18. Anatysls of charllable funds iconWnu8d) Jobstart Youthlink Sported Tl Relund New York Girls Group Cape Town Work Ready Building Refurb 16,433 4.210 2,000 2,71)0 4,841 116,433) (4,2101 (2.000) {2.700) (4.841 J 698.579 203.619 {257.395) 644.803 19.
Clonard Monastery Youth Centre Company Llmlted by Guarantee Notes to the Flnanclal Statements (conllnuod) Year ended 31 March 2024 18. Anatys18 of ¢harltable funds (¢onllnuedJ The parent and toddler group capital expenditure fund has been provlded by Clan Mor Sure Start as a contributk)n to the cosl of renovating the outstde play area. The ovorheads fund is an annual grant provided by the Education Authority as a contribution towards Ihe recurrlng costs, Including $lafl costs, associated with the general running costs ol Iho youth centre. Building rofurbishment was funding by the Department of Edu&*ion as part of the recently completed capital build rgfurt)ishm8nl of the centre. Summer Programme CP is money provided from Clonard Partnership that allowed the extension of the summer provision for an èxtra week. Awards for all - A grant to support the centre in providing solveS to young people throughout the winter. The grant enabled us to cover admission costs durlng the cost of living crisis. to provid& f¢xJd for the young people and various other activities. GHAMPS Fundraising was the offorts ol the young people taking part in CHAMPS that raised the complele funds needed to pay for the trip lo Paris which is done annually as part of the programm8. EA Local Projecl - To fund heallh, well-being. learning and achieving programmes. The fnding was also used provide young people tho OprtunIty to gain OCN quaiifications in Youlh Work and Personai Relationships. TBUC Summer Hours Ledley Hall - CMYC took part in a TBUC Summer Programme with Ledley Hall. who as lead partner received fuling from EA to deliver the programme. The funding enabled the staff from CMYC lo assisl in lh8 d8ltvery of lh6 camp. CMYC paid all staff involved from the youth centre which was invoiced to LleY Hall to recoup the costs. The Planned Interventions Programme funds ¢ommunity activity to divert young peopl& from anti- social behaviour and to deal with heightened iension around interfaces. This delicit will bg addressed with further fundraisiw efforts in tho coming year. MIS Training Fund - EA promded voluntary units funding to purchase IT equipment and purchase an online information managernant system that each unit could use. Jobstart - Funding from th8 Department tor Communlties which was an iniliative to ernploy young people (aged 20) for 9 months who were not in education, employment, or Iraining to assist young people with lech skills such as using Ipads, Macbooks and 3D printers. Youthlink - Youthlink provided lunding to run a cross Community good relalions programme belwe6n young pgople from Clonard and young people from Mounlwllyer. Sported - Sported cost of living grant was received to offset the lose we were taking due to not charging members in from October lo April, we stopped charging young people in due to Ihe rising cost of living. Tl Relund - Tl refund was a refund from the bus company Travel Ireland due to a trip we had booked wFih Ih8m falling through. New Yoth Girls Group - New York Girls Group was funding raised to ¢aTry Out an intemational visit to New York exploring Irish American History and the impact of immigration. -20-
Clonard Monastery Youth Centre Company Llmlted by Guarantee Notes lo the Flnanclal Statements (conllnuod) Year ended 31 March 2024 18. Analysis of charltabl8 lunds (¢onHnued) Cape Town Prolect - This was th8 tundraislng effort of young people from Clonard to travel to Cape Town, South Afrtca lo engag9 in a programme with organisatlons to explore and learn about themes that are relevant to the liv85 of the young p90pie. These themes included povetyfinequality. living in divided cities, living wrth history and gender-based violence. Work Ready Project - To proviye young peopl8 wlh patd volunteering experience which included supporting slaff to facilitate games. activities and programmes to children from P5-P7. The young people on tho programme also completed sessions with Springvale staff to devel¢JP CV, job application and employability skills. 19. Analysls of net assets between lund$ Unrestricted Funds Restricted Tolal Funds Funds 2024 Tangible fixod assets Current assets Creditors less than 1 year Nel assets 8,290 69.472 571.781 23,808 580.071 93.280 77.762 595.589 673.351 Unrestricted Funds Restrided Total Fund5 Funds 2023 Tangible fixed assgls Current assets Creditors less than 1 year Net assets 9.043 66.383 623.515 22,769 (1.481) 644,803 632,558 89.152 (1.481 } 720.229 75.426 20. Related partles Clonard Monastery Youth Gentre recetves a rent free18ase from The Monastèry. -21.