ENAGH YOUTH FORUM
STATEMENT OF FINANCIAL ACTIVITIES(including Income & Expenditure Account) FOR THE
YEAR ENDED 31 MARCH 2023
| Unrestricted Funds Notes Income and Expenditure Incoming Resources Voluntary income Donations and grants 3 Activities for generating funds; Courses, rents and childcare Investment Income 4 Total Incoming Resources Resources expended Charitable activities 5 Governance costs 5 Total resources expended Net incoming resources before transfers 6 Transfers between funds Net incoming resources for the year Other recognised gains and losses Net movement in funds Reconciliation of funds Balance brought forward 1 April 2022 Balance carried forward 31 March 2023 |
Total Total Restricted Funds Funds Funds 2023 2022 £ £ £ £ 0 95810 95810 121721 0 4040 4040 2144 0 0 0 0 0 99850 99850 123865 0 97118 97118 128856 0 27431 27431 21722 0 124549 124549 150578 0 -24699 -24699 -26713 0 0 0 0 0 -24699 -24699 -26713 0 0 0 0 0 -24699 -24699 -26713 0 63390 63390 90103 0 38691 38691 63390 |
Total Total Restricted Funds Funds Funds 2023 2022 £ £ £ £ 0 95810 95810 121721 0 4040 4040 2144 0 0 0 0 0 99850 99850 123865 0 97118 97118 128856 0 27431 27431 21722 0 124549 124549 150578 0 -24699 -24699 -26713 0 0 0 0 0 -24699 -24699 -26713 0 0 0 0 0 -24699 -24699 -26713 0 63390 63390 90103 0 38691 38691 63390 |
|---|---|---|
| 128856 21722 150578 |
||
| -26713 0 -26713 0 -26713 90103 63390 |
Page 1
ENAGH YOUTH FORUM
BALANCE SHEET AS AT 31 MARCH 2023
| ( Unincorporated body) Unrestricted NOTES funds FIXED ASSETS Tangible Assets 9 CURRENT ASSETS Sundry debtors 10 Cash at bank and in hand 11 CURRENT LIABILITIES Bank loans &overdrafts 11 Sundry creditors 12 NET CURRENT ASSETS NET ASSETS THE FUNDS OF THE CHARITY Restricted income funds 13 Unrestricted income funds General 14 Total charity funds |
Restricted Total funds £ 0 22866 0 0 19082 0 19082 0 0 0 3257 0 3257 0 15825 0 38691 38691 0 0 0 38691 |
for Total for 2023 2022 £ £ £ 22866 30951 0 1889 19082 33599 19082 35488 0 0 3257 3049 3257 3049 15825 32439 38691 63390 -6291 38691 63390 0 0 6284 38691 63390 66020 |
|---|---|---|
The accounts were approved by the committee on 02 October 2023
CHAIR
TREASURER
Page 2
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
1 NATURE OF THE CHARITY
The organisation is unincorporated.
2 ACCOUNTING POLICIES
The financial statements are prepared on the going concern basis under the historical cost convention and in accordance with applicable accounting standards in the United Kingdom, the Statement of Recommended Practice (SORP 2005) "Accounting and Reporting by Charities" issued in March 2005. A summary of the more
important accounting policies, which have been applied consistently, is set out below.
CASH FLOW STATEMENT
The trustees have taken advantage of the exemption in Financial Reporting Standards No 1 (revised) from including a cash flow staement in the financial statements on the grounds that the company is small.
INCOME
- (I) Grants
Grants represent all amounts received and receivable during the year.
Grants that relate to specific capital expenditure are treated as restricted income which is credited to the Statement of Financial Activities. Revenue grants are credited to the Statement of Financial Activities in the same year as the expenditure is incurred.
- (ii) Donations
This comprises amounts received during the year.
(iii) Investment Income
Investment income is accounted for as follows :
-
Bank deposits interest received and receivable during the year
-
(iv) Other Income
This includes all other income received and receivable during the year.
EXPENDITURE
- (I) Direct charitable expenditure
This represents all expenditure directly attributable to charitable causes.
Page 3
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
- (ii) Governance costs
This includes all other expenditure not directly allocated above and a proportion of the overhead costs attributable to management and administration.
TANGIBLE FIXED ASSETS
The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.
Depreciation is calculated to write off the cost of tangible fixed assets over the expected useful economic lives of the assets concrened. The annual rates used for this purpose are :
Buildings 2% on a straight line basis.
Fixtures and Fittings 25% on a straight line basis
TAXATION
- (I) Corporation tax
As a charity, the company is not liable to corporation tax.
- (ii) Irrecoverable VAT
All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
PENSION COSTS
The organisation does not operate a pension scheme.
Page 4
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
The organisation has various types of funds for which it is responsible and which require separate disclosure. These are as follows:
- (i) Restricted income funds
Donations received which are earmarked by the donor for specific purposes. Such purposes are within the overall aims of the organisation.
(ii) Designated funds
The company may at its discretion set aside funds for specific purposes which would otherwise form part of the general reserve of the organisation.
(iii) Unrestricted income funds
Funds which are expendable at the discretion of the organisation in furtherance of the objects of the charity. In addition funds may be held in order to finance capital investment and working capital.
Page 5
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
INCOMING RESOURCES
| 3 Grants received Unrestricted Funds Notes Derry City and Strabane District Council PCSP/ CSF National Lottery Community Fund (NLCF) Halifax Foundation NI ARCS DOJ NIHE Sustaining Tenancies NIHE SWAG SPOD 2022-23 Keep Northern Ireland Beautiful (KNIB) CFNI Business Eye Fund John Moores Foundation NI Rural Area Partnership in Derry (Rapid) EA Support Grant Generic/Non-Targeted NIHE-Community Safety Fund Income generation and donations Investment Income 4 4 INVESTMENT INCOME RECEIVED Bank Interest |
Total Total Restricted Funds Funds Funds 2023 2022 £ £ £ £ 0 126 126 2689 0 51560 51560 79453 0 4500 4500 0 0 190 190 6475 0 17500 17500 0 0 9707 9707 0 0 850 850 8649 0 3000 3000 0 0 5000 5000 0 0 0 0 242 0 1147 1147 10500 0 2230 2230 13713 0 95810 95810 121721 0 4040 4040 2144 0 0 0 0 0 99850 99850 123865 2023 2022 £ £ 0 0 |
|---|---|
Page 6
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
| 5 RESOURCES EXPENDED Unrestricted Funds Direct Charitable Expenditure Salaries Activities and learning projects Accredited Courses and training Marketing & publicity Venue Hire Travel costs Governance costs Insurance Repairs and renewals Cleaning Telephone Heat and light Printing,postage and stationery Legal and professional fees Rates-NI Water Accountancy Bank charges and interest General expenses Membership Depreciation |
Total Total Restricted Funds Funds Funds 2023 2022 £ £ £ £ 0 68482 68482 80047 0 14596 14596 29480 0 10475 10475 11703 0 400 400 882 0 2474 2474 950 0 691 691 5794 0 97118 97118 128856 0 1090 1090 1000 0 1361 1361 175 0 0 0 768 0 463 463 2113 0 2217 2217 1385 0 797 797 1377 0 11222 11222 1500 0 0 0 207 0 1800 1800 1800 0 320 320 296 0 1 1 2264 0 75 75 185 0 8085 8085 8085 0 27431 27431 21155 |
|---|---|
Page 7
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
| 6 | NET INCOMING RESOURCES | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| Net incoming resources is after charging | |||
| Depreciation | 8085 | 8085 | |
| Accountant's Remuneration | 1800 | 1800 |
7 COMMITTEE'S EMOLUMENTS
The committee members received no emoluments during the year.
8 EMPLOYEE INFORMATION
The average number of full time employees of the charity for 2023 was 2 2022 (2)
No employees earned £60,000 per annum or more.
Page 8
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023
| 9 | TANGIBLE FIXED ASSETS Unrestricted Restricted Fixtures & Fixtures & Fittings & Fittings & Total Equipment Equipment £ £ COST At 31 March 2022 9516 63833 Additions 0 0 At 31 March 2023 9516 63833 DEPRECIATION At 31 March 2022 9516 32882 Charge for the year 0 8085 At 31 March 2023 9516 40967 NET BOOK VALUE At 31 March 2023 0 22866 At 31 March 2022 0 30951 |
£ 73349 |
|---|---|---|
| 0 73349 |
||
| 42398 | ||
| 8085 50483 |
||
| 22866 | ||
| 30951 |
Page 9
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
| 10 SUNDRY DEBTORS DC&SDC 11 CASH AT BANK AND ON HAND Bank Current Accounts 12 SUNDRY CREDITORS Capital expenditure PAYE Accruals |
2023 £ 0 0 19082 |
2022 £ 1889 1889 33599 |
|
|---|---|---|---|
| 19082 | 33599 0 1249 1800 3049 |
||
| 0 1457 1800 3257 |
Page 10
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
13 RESTRICTED INCOME FUNDS
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants to be applied for specific purposes :
| Balance at | Movements | In Fund | Balance at | |
|---|---|---|---|---|
| 31/03/2022 | Incoming | Outgoing | 31/03/2023 | |
| £ | £ | £ | ||
| Derry City and Strabane District Council PCSP/ CSF | 0 | 126 | 126 | 0 |
| National Lottery Community Fund (NLCF) | 0 | 51560 | 51560 | 0 |
| Halifax Foundation NI | 0 | 4500 | 4500 | 0 |
| ARCS DOJ | 0 | 190 | 190 | 0 |
| NIHE Sustaining Tenancies | 0 | 17500 | 17500 | 0 |
| NIHE SWAG SPOD 2022-23 | 0 | 9707 | 9707 | 0 |
| Keep Northern Ireland Beautiful (KNIB) | 0 | 850 | 850 | 0 |
| CFNI Business Eye Fund | 0 | 3000 | 3000 | 0 |
| John Moores Foundation NI | 0 | 5000 | 5000 | 0 |
| EA Support Grant Generic/Non-Targeted | 0 | 1147 | 1147 | 0 |
| NIHE-Community Safety Fund | - | 2,230.00 | 2,230.00 | - |
| 0 | 95810 | 95810 | 0 |
Page 11
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
14 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| General Designated Restricted Total Funds Funds Funds Funds £ £ £ £ Tangible fixed assets 0 0 22866 Current assets 0 0 19082 Current liabilities 0 0 -3257 Net assets at 31 March 2023 0 0 38691 |
22866 19082 -3257 |
|---|---|
| 38691 |
Page 12
Independent examiner's report to the charity trustees of Enagh Youth Forum
I report on the accounts of the Trust for the year ended 31 March 2023, which are set out on pages 1 to 12.
Respective responsibilities of charity trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.
It is my responsibility to :
-
1 examine the accounts under section 65 of the Charities Act
-
2 follow the procedures laid down in the general Directions given by the Commission under section 65(9) (b) of the Charities Act
-
3 state whether particular matters have come to my attention.
Basis of independent examiner's report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9) (b) of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
1 That accounting records were not kept in accordance with section 63 of the Charities Act
-
2 That the accounts do not accord with those accounting records
-
3 That the accounts do not comply with the accounting requirements of the Charites Act
-
4 That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
NOEL DUDDY F.C.A. CHARTERED ACCOUNTANT 6 LINDENWOOD PARK DERRY
02 OCTOBER 2023