South Belfast Alternatives IA company Limited by Guarantee. not having share capital) Unaudited annual report Year Ended 31 March 2024 Company No.. N1624139 Charity No- XT18195 1 NIC100790
South Belfast Alternatives Year Ended 31 March 2024 Table of Contents Page Company Information Report of the Trustees 2 Report of the Independent Examiner statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-13
South Belfast Alternatives Year Endèd 31 March 2024 Company Information Trustees The Trustees who served the charity during the period were as follows: Mr E Rainey Mr B Smith Ms D Wright Mr G Bowden Secretary Mr T Winstone Registered Office 33 Donegall Pass Belfast BT71DQ Independent Examiner HMCI Limited Chartered Accountsnts & Registered Auditors 28-30 Old Mounffield Road Omagh Co. Tyrone BT79 7BJ Registered Charity No. NIC100790 Registered Company No. N1624139
South Belfast Alternatives Year Ended 31 March 2024 Report of the Trustees The trustees. who are also the directors forthe purposes of company law, present their report and the financial statements for the year ended 31 March 2024. Structure, Governance & Management Governing Document The organisation is a private company limited by guarantee, incorporated on 16th April 2014 and registered as harity on 30th October 2014, Charity number NIC100790. The company was established under a Memorandum ofAssociation and is govemed under its Articles of Association. Recruitment and Appointment of Management Committee The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Managernent Committee are elected to serve for a period of one year after which they must be re*lected at the next Annual General Meeting. Risk Management The Board has conducted a review of the major risks to which the charity is exposed. A risk register has been eslablished and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. Organisational Structure South Beffast Alternatives comes under the Nl Alternatives management Committee. Nl Alternatives Ltd {"NtA") has a Board of up to six members who meet quarterly and are responsible for the strategic direction and policy of the charity. At present the Board has six members from a variety of professional baGkgrounds relevant to the work of the charity. The Secretary also sits on the Board but has no voting rights. Objectives and Activities The company's objects and principal activities are to promote a non-violent restorative communty response to justice issues in South Belfast. South Belfast Alternatives will idèntfy needs, often in partnership with local communÈties and other voluntary and statutory bodies, relating to safety and conflict within communities, and will attempt to heal relationships in a restorative way. At the same time, it hopes to raise community awareness on the issues affecting young people and adults who are deemed to be at risk. The main objectives and activities of the company are: To organise within the community non-violent alternatives to issues of communty justice. To help and work with young people in order to resolve the problems affecting their lives. To direct young people away from destructive and dangerous practices and towards healthy and constructive activities. To enable young people to personally reflect on the potentialty damaging consequences of risky and criminal behaviour. To address areas of weakness and failure within the formal criminal justice system. To heal relationships within the community and to promote better relationships beeen the community and statutory agencies. To work towards a sustainable model of delivèry for as much of the company's services as possible.
South Belfast Alternatives Year Ended 31 March 2024 Report of the Trustees (continued) Achievements and Perfom)an¢e Youth Action Partnership (YAP) The aim of the project is to engage with young people who are availing of youth provision across the areas but also to target those who are categorised as 'hard to reach and disaffected,. Delivering training & capacity building, specific issue-based programmes and developing 'community champions,, under the themes of good relations, building better relationships, restorative practices, active citizenship. connectivity across the 3 communities and providing greater opportunities for inclusion of young people from ethnic minority backgrounds. This 7 year project ended in March 24 and delivered= 52 separate Training projects were conducted involving 636 young people 76 Good Relations projects werè conducted involving 1088 young people 48 Active Citizenship projects were conducted involving 715 young people In addition. 40 different events, involving 2800 participants, were conducted Mediation, Advocacy and Community Support (MACS) Exploring a programme on Racism I Sectarianism in sport. Have metwith senior management from IFA and have a number of test cases being rolled out. This year MACS has delivered= 33 cases to address issues of racial or hate incidents or crimes situations. including potential volatileltense 39 adult trainings programmes and workshops delivered on anti-racism andlor restorative practices delivered to communities with over 500 participants. 33 youth trainings anti-racisrn, diversity and restorative training programmes delivered to young people with 934 participants. 17 youth prevention projects delivered focusing on restorative justice, diversity & tolerance with 387 participants. 183 victims supported as a result of racial harassment or hate crime. 197 1-2-1 IYS sessions (providing cullural awarenesslrace hate appreciation). 46 cultural diversity and community safety events to promote understanding with a totsl of 1884 participants attending. 24 Mediations. 17 threat verifications. Department for Communities (DFC) 12 Community Relations Projects Supported 77 people involved in volunteering 26 community I voluntary groups supported 13 people attaining a formal qualrfication from participation in adult education 39 students in further & higher education participating in educational projects
South Belfast Alternatives Year Ended 31 March 2024 Report of the Trustees (¢ontinued> Directors, Responsibilities Company law requires the directors to prepare financial statements for each financial period which give a true and fair view of the state of the affairs of the charitable company and of its financial position at the end of that period. In preparing these financial statements, the directors are required to.. select suitable a¢¢ounting policies and apply them consistently., makejudgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed subject to any departures disclosed and explained in the financial statements; and prepare the financial statements on the going Concern basis unless it is inappropriate to presume that the company will Continue in business. The Directors have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose wtth reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the finan¢ial statements comply with the Companies Act 2006. 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. ststement of Disclosure of Information to Examiner So far as each of the Directors in office at the date of approval of these financial statements are aware.. There is no relevant information ofwhich the examiner are unaware-, and They have taken all the steps they ought to have taken as Directors in order to make themselves aware of any relevant information and to estsblish that the examiner are aware of that infomiation. Examiner In accordance with Article 382 of the Companies Act 2006, a resolution proposing that HMCI Limited be appointed as independent examiner of the company will be put to the Annual General Meeting. Registered office 33 Donegall Pass Belfast BT71DQ Signed by order of the trustees Tom Winstone Secretary Date.. 1211212024
South Belfast Alternatives Year Ended 31 March 2024 Independent Examinerfs ReportTo The Members of South Belfast Alternatives We report on the aGcounts of the company for the year ended 31 Maroh 2024 which are set out on pages 7 to 13. RESPECTIVE RESPONSIBILITIES OFTRUSTEES AND EXAMINER As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible forthe preparation ofthe accounts in accordance with the requirements ofthe Companies Act2006. Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to- •examine the account5 under section 65 of the Charities Act, •follow the procedures laid down in the general Directions given by the Charty Commission for Northern Ireland under section 65{9llb) of the Charities Act- and •State whether particular matters have corne to our attention. BASIS OF INDEPENDENT EXAMINER'S REPORT We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in aocordance with the general Directions given by the Charity Commission for Northem Ireland under section 6519)Ib) ofthe Charities Act. The examination included a review ofthe 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. Our role is to state whether any material matters have come to our attention giving us cause to believe: 1. That accounting records were not kept in accordance with section 386 ofthe Companies Act 2006; 2. That the accounts do not accord with those accounting records., 3. That the accounts do not comply with the accounting requirements of section 396 of the companies Act 2006 and with the methods and principles of the Charities Statement of recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland- 4. Thatthere is further information needed for a proper understsnding ofthe accounts to be reached. INDEPENDENT EXAMINER'S STATEMENT I can confirm that l am qualified to undertake the examination because l am a registered member of Chartered Accountants Irèland which is one of the listed bodies. I have completed my examination and have no concerns in respect of the matters11) to141 listed above and, in connection with following the Directions of the Charity ComTnission for Northern Ireland, I have found no matters that require drawing to your attention. Mr Rodney Hamill Bsc FCA HMCI Limited TIA Hamill Mcllwaine 28-30 Old Mounffield Road Omagh BT79 7BJ Date: 1211212024
South Belfast Alternatives Year Ended 31 March 2024 Statement of Financial Activities (incorporating an income and expenditure account) Total Funds 2024 Total Funds 2023 Unrestricted Restricted Notes Income and endowments from: Donations and legaciès Total Income and endowments 2,118 71,800 73,918 65,836 2,118 71.800 73,918 65,836 Expenditure on: Charitablè Activities Total Expenditure (9531 51.106 1,7061 (52,059) 163,4521 3,45 Net income l (expenditure) for the year Transfers befeen funds 1,165 20,694 21,859 2,384 Net movement in funds 10 1,165 20,694 21,859 2,384 Reconciliation of funds: Total ftjnds brought fotward Total Funds Carried Forward (2,491) (12,156) (1,3 6} ,538 (14,647) 7.212 117.031) 4,6471 All income derives from continuing activities, therefore no statement of recognised gains or losses is given. The notes on pages 9 to 13 form part of these financial statements.
South Belfast Alternatives Year Ended 31 March 2024 Balance Sheet as at 31 March 2024 Note 2024 2023 Ftxed Assets Tangible assets CurrentAssets Cash at bank and in hand 4,282 4,125 4,696 4,696 3,749 3,749 Creditors.. amounts falling due within one year NET CURRENT ASSETS (1,766} {22,5211 2,930 (18,7721 NET ASSETS 7.212 14,647 Represented by: Unrestricted Funds Restricted Fund 11 {1,326) 8,538 7,212 48,754 12,156 (14,647) For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its financial statements for the year ended 31 Mar¢h 2024 in accordance wth Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for.. (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and (bl preparing financial statements which give a true and fair view of the state of affairs ofthe company as at the end of each financial year and of its profit or loss for each financial year in accordance wtth the requirements of Sections 394 and 395 and which othemse comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. These financial statements were approved by the members ofthe committee and authorised for issue on the 121h December 2024 and are signed on their behalf by= Tom Winstone Secretsry Company Registration Number.. N1624139 Charity Registration Number: NIC100790 The notes on pages 9 to 13 fom part of these financial ststements.
South Belfast Alternatives Year Ended 31 March 2024 Notes to the Financial Statements 1 COMPANY INFORMATION South Belfast Alternatives is an incorporated charity registered in Northern Ireland. with its offices located at, 33 Donegall Place, Belfast, BT7 1DQ. 2 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sourGes of estimation in the preparation of the financial statements are as follows-. a) Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 20151- (Charities SORP IFRS 102), and the Companies Act 2006. b)Preparation ofthe accounts on a going concern basis Due to the level of reserves in place the trustees assess that the charity is a going COnrn. c)Fund Accounting General funds are unrestricted funds which are available for use at the discretion ofthe Trustees in furtheran 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 Trustees for particular purposes. General funds may be transfèrred to designated funds where Trustees wish to use these funds for a specific purpose. Such funds may be transferred back to general funds once the Griteria for the désignation have been met or are no longer applicable. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of restricted funds is set out in the notes to the financial statements. Rèstricted funds may only be transferred to general or designated funds once the criteria for restriction have been discharged or no longer apply. d}Income Recognition Policies Items of income are recognised and included in the accounts when all of the following criteria are metr. The charity has entitlement to the funds-, any performance conditions attached to the item of income has been met or are fully within the control of the charity. there is sufficient certainty that receipt of the income is considered probable., and the amount can be measured reliably. el Donated services and facilities In accordance with the Charities SORP 2015 (FRS 102), the general volunteertime ofsupporters is not recognised. Q Interest Recetvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normalty upon notification of the interest paid or payable by the Bank.
South Belfast Alternatives Year Ended 31 March 2024 Notes to the Financial Statements (continued) 2 ACCOUNTING POLICIES (continued) g) Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activty headings: Expenditure on charitable activities includes the promotion and development of music and activities undertaken to further the purposes ofthe charity and their associated support costs. h)Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening the deposit or similar account. i) Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charttable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's prograrnmes and activities. These costs have been allocated to expenditure on oharitable activtties. j) Tangiblè Fixed Assets Individual fixed assets are capitalised at cost and are depreciatèd over their estimated useful economic lives on a straight line basis as follows.. Asset Category". Annual Rate Fixtures & Frttings 250/0 Straight Line The carrying values of tangible fixed assets are reviewed for impairment when events or circumstances indicate the Garrying value may not be recoverable. k) Debtors Trade and otherdebtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discount due. 11 Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. rnl Financial instruments The charity only has financial assets and financial liabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at the carrying value plus accrued interest less repayments. The financing charge to expenditure is at a constant rate calculated using the effective interest method. n)Taxation The company is a registered charity and the charitable tax èxemptions are therefore being claimed to the extent that income andlor gains are applicable and applied to Gharitable purposes only. These exemptions will remain in place as long as income and expenditure is applied to charitable purposes only. 10
South Belfast Alternatives Year Ended 31 March 2024 Notes to the Financial Statements (continued) 3 Income from Donations and Legacies Unrestricted Restricted 2024 2023 YAP GVRT NIA Cooperate Ireland The Open Untversity PHA Radius Housing Jubilèe Fund KWSS LTE Other NIHE TWN DFA 1,300 1,000 8,622 30,040 2,963 55,201 2,500 2,000 2,752 2,384 4,263 55,201 2.500 2,000 2,752 2,384 3,375 8,800 9,030 451 3,961 818 818 4,000 4,000 557 65,83 ,118 1,800 ,91 4 Costs of Charitable Activities by Fund Type Total funds 2024 Total funds 2023 Unrestricted Restricted Charitable activities 953 51.106 52,059 63,452 5 Results for the year The results for the year has been arrived at after charging the following.. 2024 2023 Depreciation
South Belfast Alternatives Year Ended 31 March 2024 Notes to the Financial Statements (continued) 6 Analysis of staff costs: No salaries or wages have been paid to employees, including the members ofthe committèe, during the period. 7 Related Party Transactions During the period SoLrth Belfast Altematives entered into transactions with Northern Ireland Altematives Ltd, a related party. Amounts due to Nl Alternatives Limited at the start of the year had been forgiven and recognised in e Income and Expenditure by reducing the current year Program Costs. At the Balance sheet date the balance owed was £Nil (2023.. £20,755). None ofthe trustees receive remuneration or other benefrt from theirwork with the charity. 8Tangible Fixed Assets Fixtures & fittings Total As at 1 April 2023 Additions 10,991 157 11,148 10,991 157 11,148 Depreciation As at 1 April 2023 Charge for the year 6,866 6.866 6,866 6,866 Net Book Value As at 31 March 2024 4.282 4.282 As at 31 March 2023 4,125 4.125 9 Creditors: amounts falling due within one year 2024 2023 Related party creditor Accrual 20,755 1,766 1,766 1,766 10 Analysis of movements in funds Opening balance Incoming resources Resources expended Transfer Total funds at between 31 March funds 2024 General fund Restricted fund (2,4811 {12,156) 2,118 71,800 (953) (51,106) 52, 11,326) 8,538 12
South Belfast Alternatives Year Ended 31 March 2024 Notes to the Financial Statements {continued) 11 Analysis of net assets befvieen funds Tangible Fixed Assets Net Current Assets Total Unrestricted Income Funds Restricted Income Funds Total 4,282 (5,608) 8,538 2,930 11.3261 8,538 7,212 4,282 13
South Belfast Alternatives Year Ended 31 March 2024 Management Infomiation The following pages do not form part of the statutory financial statements which are the subject of the independent examinerfs report on page 6. 14
South Belfast Alternatives Year Ended 31 March 2024 Detailed Statement of Financial Activities INCOMING RESOURCES 2024 2023 YAP GVRT NtA Cooperate Ireland The Open University PHA Radius Housing Jubilee Fund KWSS LTE Other NIHE TWN DFA 1,000 8,622 30.040 4,263 55,201 2,500 2,000 2,752 2,384 3,375 8,800 9.030 451 3,961 818 4,000 557 Total Income 73,918 65,836 EXPENDITURE CHARITABLE ACTIVITES Office expenses Computer Costs Bank charges Accountancy Depreciation MISlIaneOuS Programme costs, 743 324 911 186 400 1,573 207 59,851 195 15 51,106 TOTAL EXPENDITURE 52,059 63,452 NET INCOMING RESOURCES FOR THE YEAR 21,859 2,384 "Programrne costs have been adjusted for the removal of a related party balance of £20,755 in the year. 15