REGISTERED CHARITY NUMBER: NIC 100524 ort of the Trustees and Flnancial Statements for the Year Ended 31 March 2024 for Hol Trini Centre Lynn Drake & Co Ltd Statutory Audilors I st Floor 34 B-D Main Street Moira Co, Armagh BT67 OLE Hol Trini Centre Contents of the Financial Statements for the Year Ended 31 March 2024 Page Reference and Adminfistrative Details Report of the Trustees Report OT the Independent Audltors 10 to 12 Statement of Financial Activities 13 Statement of Financial Position 14 Slatemenl of Cash Floivs 15 Notes to the Statement of Cash Flows 16 Notes to the Flnancial Statements 17 to 29 Detgiled Slatement of Financial Actlvities 30 to 31 Hol Trini Centre Reference and Administrative Details for the Year Ended 31 March 2024 TRUSTEES Colette Toman Mary Joyce Maria Moore Nick Connolly PRINCIPAL ADDRESS Holy Trinity Family Centre 26 Norgl¢n Gard¢ns Belfast Co. Antrim BTI 18EL REGISTERED CHARITY NUMBER NIC 100524 AUDITORS Lynn Drake & Co Ltd Statutory Auditors I st Floor 34 B-D Main Streel Moira Co. Armagh BT67 OLE CHIEF EXEC OFFICER Bernie Toner BANKFRS Danske Bank POBOX 183 Donegall Square West Belfast BTI 6JS Hol Trini Centre Re ort of the Trustees for the Year Ended 31 March 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practic¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Chairperson's Report The purpose of the Charity and benefits to the public. All Holy Trinity services aim to improve the advancement of education within the Belfast area. We do this by working in partnerships with local supporting educational services who offers services aimed at Lifelong Learning. Holy Trinity can demonstrate the benefits of mcntal health and educational supporl by Seeing increase members taking parl in our services which will improve their way of life and improve their potential for paid work. The intended beneficiaries are any service user that needs h¢lp and support that will improve their quality of life. The services delivered in the community includes ¢ounselling, mentoring, childcare, senior activities, and volunteering opportunities, these service work towards promoling positive mental health and wellbeing. A high standard of childcare provision follows early years curriculum. Add itional learning disability services include crcative arts, mentoring and counselling that compliment mental health and wellbeing. Holy Trinity can demonstrate these benefits to the community by continued contracls from the funders, waiting list for services, feedback from service users, partnership working, monitoring and evaluation of programmes. The services are aimed at tackling inequalilies that is apparent in areas of poverty. I would like to thank the dedicaled staff and funders that enable the centre to work with our cominunilies lo promote and sustain healthier and meaningful lives. Mary Joyce - Chairperson. OBJECTIVES AND ACTIVITIES Our communlty learning and development approach is based on a commitment to the Empowerment- increasing the ability of individuals and groups to influence community circumstances. Participation supporting people to take part in activities. Inclusion, equal opportunity and anti-discrimination, recognising that some people have more restricted opporlunities and influence so should be given attenlion. Self-determinAtion supporting the right of people to make their own choices. Partnership working- recognising that many agencies can contribute to community learning and development and should work together to make the most of the resources available and to be as effective as possible. Looking at people's skills and Confidence to secure jobs. B¢nefits from services provided include counselling and mentoring lo the community which promotes healthily mental health. A high standard of childcare provision which prornotes healthy eating and dental hygienc facilities. Disability services include programmes on healthy cating drugs and alcohol awareness, mentoring and counselling for health and wellbeing. Holy Trinity can demonstralc these benefits to the community by continued contracts from the funders, waiting list for services, feedback from service users, partnership working and monitoring and evaluation of programmes. The services are aim at tackling inequalities that is apparent in areas of poverty. Hol Trini Centre ort of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Principle activity The principle activity of the organisation is to provide facilities in the interests of social welfare for the education, recreation and leisure time occupation of the residents of the Turf Lodge area of Belfast. Public benefit l.The benefits of these services to the public are, the counselling offers talking therapies, which creates a greater degree of self-awareness and understanding of you and others. This improves self-esteem, and becomes reflective in your personal relationships which in turn will have a positive impact on the larger community. Childcare offers affordable childcare for worktng families but also to families who may need respite. The people of the Belfast area benefit from these services by gaining improvements to mental health, self esteem and self awareness. Elderly pcople benefit from the services by taking part in activities which keep theln active thus reducing illness getting hot meals which provides nulrition and most of all inclusion and knowing what is going on in the local area and further afield. The Disability services provide the users with a friendly inclusive environment were art, music, dance and educational provisioii is available. Holy Trinity services are evaluated by all who make use of the ccntre and its services. There is no potential harm as a result of these services as Floly Trinity has risk management, safeguarding vulnerable adulis, Child protection, Health and safety polices and all staff has acquired the relevant qualifications to deliver the services. There is no profit or private gain by anyone as a result of the services being carried out 2.All Holy Trinity services atm to improve the advancement of education within the Belfast area. We do this by working in partnerships with local supporting educational services such as Upper Springfield Development Trust who offers services aimed at Life Long Learning. Holy Trinity can demonstrate Ihe benefits of educational support by seeing increasc members taking part in courses which will improve their way of life and improve there potential for paid work. The intended bcneficiaries are any service user over 16 + There is no potential harm as a result of these services as Holy Trinity has risk management, safeguarding vulnerable adults, Child protection, Health and safety polices. There is no profit or private gain by anyone as a result of the services being carried out. 3. Holy Trinity is also in the Belfast neighbourhood renewal group. Benefils from these services include counsclling and mentoring to the community whicli proinoles healthily mental health. A high standard of childcare provision which promotes healthy eating and dental hygiene fac iliti¢s. Disabi lity services include programmes on healthy eating drugs and alcohol awareness, mentoring and counselling for health and well being. Holy Trinity can demonstrate these benefits to the community by continued contracts from the funders, waiting list for services, feedback from service users, partnership working and monitoring and evaluation of programmes. There is no potential harm as a result of these services as Holy Trinity has risk management, safeguarding vulnerable adulis, Child protection, Health and safety polices and all staff has acquired the relevant qualifications to dellver the services. There is no profit or private gain by anyone as a result of the services being carried out, 4. Our community learning and development approach is based on a commitinent to the following. Empowerment Participation increasing the ability of individuals and groups to influence Community circumstances. supporting people to take part in activities. Inclusion, equal opportunity and anti-discrimination, recognising that some people have more restricted opportunities and influence so should be given particular attention. Self-determination - supporting the right of people to make their own choices. Partnership working- recognising that many agencies can contribute to community learning and development, and should work together to make the most of the resources available and to be as effective as possible. Looking at people'5 skills and confidence to secure jobs. Hol Trini Centre Re ort of the Trustees for the Year Ended 31 Mareh 2024 ACHIEVEMENT AND PERFORMANCE Overview of Targets Targets reported on Daycare 30 full-time placements per week secured in this reporting period Counsellingl Intervention/ Treatmentl Su&clde Intervention Treatmentl Family Support 982 individual Clients took part in health and wellbeing interventions in this reporting year. 4492 Counsell ing sessions delivered Volunteers 3 Volunteers in this reporting period Trainee Counsellors 2 trainee counsellors completed training needed to gain their counselling qual ificalion Holy Trinity Centre continues to provide services such as creative knitting groups. Continued contracts l. Family Support funded by BHSCT 2. Self Harm contract delivered as lead and a partner in th¢ Community Wellbeing Alliance Funded by PHA 3. Talking Therapies contract delivered as a partner in the Community Wellbeing Alliance funded by BHSCT 4. Exteiision of PHA Protect Life 5. Extension of Victims and Survivors - Adults 6. Belfast City Council - Revenue Grant 7. Pathways 8. Awards for All 9. Rank Start Here Programme l O. Halifax I I. LFT Mind Matters 12. Dfc - Department For Communities 13. BHSCT- Sponsored Daycare Hol Trini Centre ort of the Trustees for the Year Ended 31 March 2024 Standards Investors in People Family I st Award - best Day-care provision in the West Belfast BACP - British Association for Counselling and Psychotherapy Belfast City Council - 5 STARS ***** Award for catering Day- Care Trinity Day care Continues to provide 30 full or 60 part-time placements to local community. As a self-sustaining social economy project day-care offers local affordable childcare at a high standard. The service continues to be inspected annually by the BHSCT and passed this year with only one recommendation. All staff are trained to a minimum of a level 3 or above and continue to personally develop through training provided by the organisation. The service is opened from 8 am to 5 30 pm Monday to Friday. This Project employs 14 full and part time staff. Trinity Community Counselling. Trinity Community Counselling Service offers professional, confidential support to children, young people and adults. Seven core staff, 14 sessional staff and 3 counsellors in Iraining provide sUPPOrt to our beneficiaries. Some of the issues covered are bereaveinent, relationship issues, addictions, depr¢ssion, anxiety, sclf-harm, suicide, trans-gcnerational trauma etc. Referrals are made by GP'S, Hospital Emergency Departments, Health Workers, Family, Friends and the individuals themselves. The core counselling projects are funded by BHSCT, PHA, and VSS. This year the service, outcomes over delivered on the targets set by Department For Communities/ Neighbourhood Renewal, thc organisatio also works in partnership with the Community Wellbeing Alliance lo deliver two counselling contracts, Self-Harm and Talking Therapies. These contracts may be extended for a further year. The counselling service is opened from 10 am to 8 pm Monday, Tuesday, Wednesday, and Thursday to accommodate children and young people and people who work. Friday operates from l Oam to 4 pm. Family Support - 45+ families, children and young people received Family Support Packages, made up of one-to-one mentoring. This is a popular project and results in long waiting lists. This service is a Belfast wide service and is funded under BHSCT. Creative Arts - is a non-funded service and is made up of women from the local community. Volunteer Opportunities In this reporting period we had 3 volunteers supporting the services, Additionally, the centre operates a training scheme which facilitates training placement opportunities for trainee counsellors. Three trainee counsellors successfully completed their training in this financial year. The couns¢lling projects and childcare all employ local people that have a feel and understanding of community needs. 750/0 of staff have been with the organisation for 10 years or more. In-house training for all staff includes Assist Mental Health Isl Aid SELF Harn] Training Staff conlinue own personal development for BACP. Hol Trini Centre ort of the Trllstees for the Year Ended 31 March 2024 Child Prolection IstAid Vuln¢rable Adults training In-depth induction when employment or volunleering commences. GDPR (Gcneral DATA Protection Regulation) training - WRAP OrganisationAI Risk Anlllysis Brexit, Welfare Reform, Cost of Living crisis PIP assessment and lack of funding, project delays or abandonment, procurement regulations, government stability were the main causes for concern for maintaining our services. We are seeing a high number of people that have been left vulnerable because of Changes to welfare reform, such as Universal Bencfits and PIP and the cost-of-living crisis. However, Holy Trinity has a long record of successful risk management through the deliverance of many contracts, experienced managers, policies, and procedures allow us to act quickly to manage change. Steps In place to mitigate agalnsl risks are: GDPR (General DATA Protection Regulation), Staff understand the new GDPR legislation that came out on the 2515118, additionally Policies and Procedures such as Privacy Notices, Client Consent, Client Conlracls and Data Breach reporting measwes have been adapted to comply with the new legalisation. Policies and Procedures are fit for purpose they are reviewed and signed off annually by the Chairperson of the Organisation. Standardslcoherent Governance along with political and financial risk are all taken into consideration and reviewed on a regular basis. Social Risk Welfare Reform/Universal Credit will impact on all our services users which will negatively affect their mental hcalih and wellbeing. Our normal timing of projects run monthly to enable project plans to be implemented and monitored. Mitigated risk will involve. l. Exit Strategy, timely and person centred focused. 2. Moniloring returns to funders on time 3. Monthly meetings with Funders project officers 4. Staff support via direct line management and external supervision. 5. Transparent financial accountability 6. Regular coinmittee meettngs. FINANCIAL REVIEW Financial position The company had net incoming resources for the year of £53,377 (2023: net outgoing resources of £254,422), which reflected the completion of a numbcr of projects during the year. Unrestricted funds increased by £60,602, while restricted funds decreased by £7,225. Hol Trini Centre ort of the Trustees for the Year Ended 31 March 2024 FINANCIAL REVIEW Reserves policy The charity's policy is to retain a level of free reserves, which matches the needs of the organisation both at the current time and in the foreseeable future. The reserves required should be sufficient to meet committed grant expenditure and the running costs for a period equivalent to six months annual expenditure. The charity has developed a plan to establish and maintain this agreed level of free reserves. The charity will continue to monitor compliance with this policy on a regular basis and the Committee will review the appropriateness of the policy annually. Holy Trinity Centre have only one major source of income and income in this source is not always guaranteed. It is crucial therefore to ensure there are sufficient reserves to tide an organisation over while fundraisiiig is done or to allow Holy Trinity Centre to wind up while meeting its obligation to staff and service users if existing sources of income are lost. To avoid closure the Holy Trinity Centre Management Board has agreed to keep a certain level of financial reserves to ensure that main operations can continue for a period of 6 months, 3 months for all staff and an additional 3 months for Director, Day Care Co-ordinator, Counselling Co-ordinator and Finance Administration. The main concerns of the board are to ensure.. that staff can continue working, primarily to secure new funding. Ihat memberslservice users are supported to move on to other services. The reserves should be built up from the unrestricted (earned) income. The level of reserves should be calculated and monitored every 3 months by th¢ Management Board. This policy should be reviewed yearly and whenever there are significant Changes in staff hours or numbers. FUTURE PLANS Future Development for the next 12 months Rctaining and supporting staff, through the cost-of-living crisis will be paramount this year. Posts and projects will be managed according to the safety of all our stakeholders. The continuation and delivery of contracts such as Family Support, SHIP Self -Harm, Talking Therapies, Extension of PHA Protect Life, Victims and Survivors plus contracts with BHSCT for counselling will be the focus of the organisation. Linking and maintaining local partnership that will enhance service delivery that will Create care pathways for the pcople living in our communitics. Additionally, ensuring th¢ Childcare service remains a viable social economy programme which can support staff salaries and reach families that are at risk of isolation. HTC'S trustees will work towards addressing inequalities within the area and be guided by the people that need support and our services. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Hol Trini Centre ort of the Trustees for Ihe Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Management Committee The Committee shall meet not less than 3 times a year and shall not consist of less than 4 or more than l O members. The Committee elected at an Annual General Meeting shall have the power to co-opt further members, who shall be Individual Members and who shall serve until the conclusion of the next AGM provided that the numbers of co-opted members have a right to vote, The Chairperson, Vice-chairperson, Honorary Secretary and Treasurer shall be full Individual Members of the Committee at the first meeting following the Annual General Meeting. Any members of the Committee who fails to attend 6 consecutive committee meetings withoul reasonable excuse shall lose his/her place on the committee which may be filled by co-option in accordance with the above. Employees of the Group shall not be eligible to serve as members of the Committe¢. An Annual General mceting of the Committee shall be held at a time and place determined by the Committee. The meeting shall be held no more than 15 months from the previous meeting. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. FVFNTS SINCE THF END OF THE YEAR Inforination relating to events since the end of the year is given in the notes to the financial statemenls. Hol Trini Centre ort of the Trustees for the Year Ended 31 March 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The tTUStees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the ¢liarity for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently observe th¢ methods and principles in the Charity SORP make judgem¢nts and estimates that are reasonable and prudent stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concern basis unless it is inappropriate to presume thal the charity wil I continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure thal the financial statements comply with the Charities Act (Northern Ireland) 2008, the Charities (Accounls and Reports) Regulations (Northern Ireland) 2015, and Ihe provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities Approved by order of the board of trustees on 5 November 2024 and signed on its behalf by: Mary Joyce - Trustee ort of the Inde endent Auditors to the Trustees of Hol Trinit Centre Opinion We have audited the financial statements of Holy Trinity Centre (the 'charity') for the year ended J l March 2023 which comprise the Statement of Financial Activities, the Statement of Financial Posilion and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in iheir preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its incoming resources and application of resources for the year then ended, have been properly prepared in accordance with United Kingdom Generally Accepted Accounling Practice, and have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audil in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further d¢scribed in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of ihe charity in accordance with the ethical requirements that are relevant to our audil of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe ihat the audit evidcnc¢ we have obtained is sufficient and appropriale to provid¢ a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report lo you where: the trustees, use of th¢ going concern basis of accounting in the preparation of the financial statements is not appropriatc. or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability lo continue to adopt Ihe going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue, Other information The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial stalcments and our Report of the Independent Auditors th¢reon. Our opinion on the financial statements does not cover the other information and, except to the extenl otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsislent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misslated. If we identify Such material inconsistencies or apparent material misstatements, we are required to delermine wheiher there is a material misstatement in the financial statements or a material misstatement of the oth¢r information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. Matters on which we are required to report by exception We have nothing to report in this regard. We have nothing to report in respect of the followiiig matters in relation to which the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion: 10 ort of the Inde endent Auditors to the Trustees of Hol Trini Centre th¢ information given in the Report of the Trustees is inconsistent in any material respect with the financial statements. or sufficient accounting records have not been kept; or the financial statements are not in agreement with the accounting records and returns. or we have not received all the inforniation and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the truslees determine is necessary to enable the preparation of financial staten]ents that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternativc but to do so. Auditor's responsibilitles for the Audit of the financial statements We have been appointed as auditor under section 65(2) of the Charities Aci (Northern Ireland) 2008 and report in accordance with regulations made under section 66 of that Act. Our objectives are to obtain reasonable assurance aboul whether the financial statements as a whole are free from matcrial misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors Ihat includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee thal an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstaternents can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence ihe economic decisions of users taken on the basis of these rinancial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detecl material misstatements in respect of irregularities, including fraud. Based on our understanding of the company and industry, we idenlified the principal risks of non-compliance with laws and regulations as those that have a direct impact on the determination of material amounts and disclosures in the financial statements. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and identified the greatest potential for fraud. We communicated the identified laws and regulations throughout the audit team and remained alcrt to any indications of non-compliance throughout the audit. Audit proccdures performed included, but were not limited to: Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud. Reviewing the financial statement disclosures and testing to supporting documentation. Review of board meeting minutes of those charged with governance. In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments. ort of the Inde endent Auditors to the Trustees of Hol Trini Centre As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also... Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion, forgery, intentional omissions. misrepresentations, or the override of internal Control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charities internal conlrol, Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Perform analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud or error. Conclude on the appropriateness of the Irustees, use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charities abil ity to continue as a going concern. If we conclude that a material uncertainly exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequale, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate ihe overall presentation, structure, and contenl of the financial statements, including the disclosures and whether the financial statements represent the underlying transactions and events in a Inanner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of he audit and significant audit findings, including significant deficiencies in internal control that e ident. during our audit. Lynn Statutory Audi I st Floor 34 B-D Main Stre Moira Co. Armagh BT67 OLE Ltd 5 November 2024 12 Hol Trini Centre Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Charitable Activilies Grants Receivable 449,185 449,185 461,634 Other trading activities Investment income 171,274 1,610 171,274 1,610 159,555 91 Total 172,884 449,185 622,069 621,280 EXPENDITURE ON Charitable activities Direct Charitable Expenditure Governance 107.212 5.070 456,410 563,622 5,070 871,022 4,680 Total 112,282 456,410 568,692 875,702 NET INCOMEI(EXPENDITURE) 60,602 (7,225) 53,377 (254,422) RECONCILIATIOIN OF FUNDS Total funds brought forward 497,263 14,106 511,369 765,791 TOTAL FUNDS CARRIED FORWARD 557,865 6,881 564,746 511,369 The notes form part of these financial statements 13 Hol Trini Centre Statement of Financial Position 31 March 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 10 8,651 3,954 CURRENT ASSETS Debtors Cash at bank 51,869 537.257 17,002 520.645 589,126 537,647 CREDITORS Amounts falling due within one year 12 (33,031) (30,232) NET CURRENT ASSETS 556,095 507,415 TOTAL ASSETS LESS CURRENT LIABILITIES 564,746 511,369 NET ASSETS 564,746 511,369 FUNDS Unreslricted funds Reslricted funds 14 557,865 6,881 497,263 14,106 TOTAL FUNDS 564,746 511,369 The financial statements were approved by the Board of Trustees and authorised for issue on 5 November 2024 and were signed on its behalf by: Mary Joyce - Trustee Colette Toman - Trustee The notes form part of these financial statements 14 Hol Trini Centre Statement of Cash Flows for the Year Ended 31 March 2024 31.3.24 31.3.23 Notes Cash flows from operating activities Cash generated from operations Interest paid 22,971 (383) (267,275) (447) Net cash provided byl(used in) operating activities 22,588 (267,722) Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Interesl received (7,586) 280,923 91 1,610 Net cash (used in)Iprovided by investing activities {5,976) 281,014 Change in cash and cash equivydlents In the reporting period Cash and cash equivalents at the beginning of Ihe reporling period 16,612 13,292 520,645 507,353 Cash and cash equivAlenls at the end of the reporting period 537,257 520,645 The notes form part of these financial statements 15 Hol Trini Centre Notes to the Statement of Cash Flows for the Year Ended 31 March 2024 RFCONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net incomel(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustmenls for.. Depreciation charges Interest received Interest paid (Increase)/decrease in debtors Increase/(decrease) in creditors 53,377 (254,422) 2,889 (1,610) 383 (34,867) 2,799 1,323 (91) 447 8,259 (22,791) Net cosh provided byl(used In) operations 22,971 (267,275) ANALYSIS OF CHANGES IN NET FUNDS Ai 114123 Cash flow At 3113124 Net eash Cash ai bank 520,645 16,612 537,257 520,645 16,612 537,257 Total 520,645 16,612 537,257 The notes form part of these financial statements 16 Hol Trini Centre Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements Summary of significant accounting policies a) General information and basis of preparation Holy Trinity Centre is constituted as a Charity in Northern Ireland and their charity number is (NICI 00524). The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Rccommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in 2019), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2013, the Companies Act 2006 and UK Generally Accepted Practice.. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. "fhe financial staternents are presented in sterling which is the functional currency of the charity.. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless oiherwise stated. {b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the truslees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statemcnts. Restricted funds are funds which are to be used in accordance with specific restrictions Imposed by donors or which have been raised by ihe charity for particular purposes, The cost of raising and administering such funds arc charged against the specific fund. The aim and use of each restricted fund is set oul in the notes to th¢ financial statements. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. (c) Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the incom¢ after any performance conditions have been met, the amount can be measured reliably and it is probabl¢ thal the income will be received. Basis of preparing the financial statements 17 continued. Hol Trini Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Basis of preparing the financial statements For donations to be recognised the charity will have been notificd of the amounts and thc settlement date in writing. If there are conditions attached to the donation and this requires a levcl of performance before entitlement can be obtained then incom¢ is deferred until those condilions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities (SOFA) when receivable. Income received from collections is recognised when received. Donated facilities and donated professional servi¢¢s are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees, Annual Report. For legacies, cntitlement is the earlier of the charity being notified of an impending distribution or the legacy being received, At this point income is recognised, On occasion Icgacies will be notified to the charity however it is not possible to measure the amount expected to be distributcd. On these occasions, the legacy is treated a5 a contingent asset and disclosed. Income from trading activities includes income earned from fundraising events and trading activilies to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recogniscd when entitlement has occurred, The Charity receives government grants which are detailed within the notes to these financial statements. Income from government and oth¢r grants are recognised ai fair value when the charity has entitlement after any performance conditions have been met, it is probable that the incoine will be received and the amount can be measured reliably. If entitlement is not met then Ihese amounts are deferred. (d) Expendilure recognltion All expenditure is accounted for on an accruals basis, inclusive of V AT which cannot be recovered and has been classificd under headings thal aggregale all costs related to the calegory. Expenditure is recognised where there is a Icgal or constructive obligation to make P