## **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. ## **Independent examiner's statement**