ENAGH YOUTH FORUM
STATEMENT OF FINANCIAL ACTIVITIES(including Income & Expenditure Account) FOR THE
YEAR ENDED 31 MARCH 2024
| 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 2023 Balance carried forward 31 March 2024 |
Total Total Restricted Funds Funds Funds 2024 2023 £ £ £ £ 0 204055 204055 95810 0 7873 7873 4040 0 0 0 0 0 211928 211928 99850 0 163631 163631 97118 0 29286 29286 27431 0 192917 192917 124549 0 19011 19011 -24699 0 0 0 0 0 19011 19011 -24699 0 0 0 0 0 19011 19011 -24699 0 38691 38691 63390 0 57702 57702 38691 |
Total Total Restricted Funds Funds Funds 2024 2023 £ £ £ £ 0 204055 204055 95810 0 7873 7873 4040 0 0 0 0 0 211928 211928 99850 0 163631 163631 97118 0 29286 29286 27431 0 192917 192917 124549 0 19011 19011 -24699 0 0 0 0 0 19011 19011 -24699 0 0 0 0 0 19011 19011 -24699 0 38691 38691 63390 0 57702 57702 38691 |
2023 £ 95810 4040 0 99850 |
|---|---|---|---|
| 97118 27431 |
|||
| -24699 0 -24699 0 -24699 63390 38691 |
Page 1
ENAGH YOUTH FORUM
BALANCE SHEET AS AT 31 MARCH 2024
( 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 14781 0 0 44721 0 44721 0 0 0 1800 0 1800 0 42921 0 57702 57702 0 0 0 57702 |
for Total for 2024 2023 £ £ 14781 22866 0 0 44721 19082 44721 19082 0 0 1800 3257 1800 3257 42921 15825 57702 38691 57702 38691 0 0 57702 38691 |
for Total for 2024 2023 £ £ 14781 22866 0 0 44721 19082 44721 19082 0 0 1800 3257 1800 3257 42921 15825 57702 38691 57702 38691 0 0 57702 38691 |
|---|---|---|---|
| 19082 | |||
| 0 3257 3257 15825 |
|||
| 38691 | |||
| 38691 0 38691 |
The accounts were approved by the committee on 16 December 2024
CHAIR TREASURER
Page 2
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
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 2024
(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 2024
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 2024
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 2024 2023 £ £ £ £ 0 1070 1070 126 0 166483 166483 51560 0 0 0 4500 0 0 0 190 0 23000 23000 17500 0 9900 9900 9707 0 0 0 850 0 0 0 3000 0 0 0 5000 0 0 0 0 0 3602 3602 1147 0 0 0 2230 0 204055 204055 95810 0 7873 7873 4040 0 0 0 0 0 211928 211928 99850 2024 2023 £ £ 0 0 |
|---|---|
Page 6
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
| 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 2024 2023 £ £ £ £ 0 100701 100701 68482 0 31767 31767 14596 0 13646 13646 10475 0 5031 5031 400 0 4771 4771 2474 0 7715 7715 691 0 163631 163631 97118 0 1845 1845 1090 0 634 634 1361 0 0 0 0 0 2555 2555 463 0 1092 1092 2217 0 2607 2607 797 0 7412 7412 11222 0 235 235 0 0 1800 1800 1800 0 249 249 320 0 2772 2772 1 0 0 0 75 0 8085 8085 8085 0 29286 29286 27431 |
|---|---|
Page 7
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
| 6 | NET INCOMING RESOURCES | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| 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 2024 was 2 2023 (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 2024
| 9 | TANGIBLE FIXED ASSETS Unrestricted Restricted Fixtures & Fixtures & Fittings & Fittings & Total Equipment Equipment £ £ COST At 31 March 2023 9516 63833 Additions 0 0 At 31 March 2024 9516 63833 DEPRECIATION At 31 March 2023 9516 40967 Charge for the year 0 8085 At 31 March 2024 9516 49052 NET BOOK VALUE At 31 March 2024 0 14781 At 31 March 2023 0 22866 |
£ 73349 |
|---|---|---|
| 0 73349 |
||
| 50483 | ||
| 8085 58568 |
||
| 14781 | ||
| 22866 |
Page 9
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
| 10 | SUNDRY DEBTORS | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| DC&SDC | 0 | 0 | |
| 0 | 0 |
| 11 CASH AT BANK AND ON HAND Bank Current Accounts 12 SUNDRY CREDITORS Capital expenditure PAYE Accruals |
44721 | 19082 | |
|---|---|---|---|
| 44721 | 19082 0 1457 1800 3257 |
||
| 0 0 1800 1800 |
Page 10
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
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 | |
|---|---|---|---|---|
| 31/03/2023 | Incoming | Outgoing | 31/03/2024 | |
| £ | £ | £ | ||
| Derry City and Strabane District Council PCSP/ CSF | 0 | 1070 | 1070 | 0 |
| National Lottery Community Fund (NLCF) | 0 | 166483 | 166483 | 0 |
| Halifax Foundation NI | 0 | 0 | 0 | 0 |
| ARCS DOJ | 0 | 0 | 0 | 0 |
| NIHE Sustaining Tenancies | 0 | 23000 | 23000 | 0 |
| NIHE SWAG SPOD 2022-23 | 0 | 9900 | 9900 | 0 |
| Keep Northern Ireland Beautiful (KNIB) | 0 | 0 | 0 | 0 |
| CFNI Business Eye Fund | 0 | 0 | 0 | 0 |
| John Moores Foundation NI | 0 | 0 | 0 | 0 |
| EA Support Grant Generic/Non-Targeted | 0 | 3602 | 3602 | 0 |
| NIHE-Community Safety Fund | - | - | - | - |
| 0 | 204055 | 204055 | 0 |
Page 11
ENAGH YOUTH FORUM
NOTES ON AND FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
14 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| General Designated Restricted Total Funds Funds Funds Funds £ £ £ £ Tangible fixed assets 0 0 14781 Current assets 0 0 44721 Current liabilities 0 0 -1800 Net assets at 31 March 2024 0 0 57702 |
14781 44721 -1800 |
|---|---|
| 57702 |
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 2024, 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.