Page 9 ALL SAINTS YOUTH CLUB STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024 Unrestricted Funds Restricted Funds Total Funds Total Funds 2024 2023 Note Income from: Donations and l¢gaci¢s Other 441 4,080 85,492 85,933 4,080 130,924 5,732 Total Income 4,521 85,492 90,013 136,656 Expenditure on: Charitabl¢ activities.. (92,171) (92,171) (134,475) Total expenditure (92,171) (92,171) (134,475) Net IDcomel(expenditur¢) for the year 2,181 4,521 (6,679) (2,158) Transfer between fuuds (6,679) 6,679 Net movement between fuDd$ (2,158) (2,158) 2,181 Reconciliation of fund$ Total funds brought fonvard 4,543 4,543 2,362 Total funds carried forward 2J85 2,385 4,543 The Sialement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relale to continuing activities.
Page 10 ALL SAINTS YOUTH CLUB BALANCE SHEET 31 MARCH 2024 2024 2023 Not• Current Assets Cash at bank and in hand 5,716 13,346 13.346 5,716 Creditors= Amounts falling due wlthin one year 11 (3J31) (8,803) Net eurrent agsets 2?85 4,543 Total a55etJ lem ¢urYent Ilabllitie8 2,385 2,385 4,543 4,543 Net a8$ets Ch*rlty fund$ Unrestricied fvnds R¢stri¢ted funds 13 2?85 4,543 Total funds 2J85 4,543 Th e financial statements were approved by the tru5t¢¢s and authori5ed for issue on the and Are si8ned on their behalf by,. Trustee Trustee
Page 11 ALL SAINTS YOUTH CLUB STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note Cash flow from operat6ng aedvltles Net cash flow from operatfjng actlvlties 15 (7,630) (7,630) 2,430 2,430 Net (decrease)lincrease ID Cash and cash equivalent5 (7,630) 2.430 ¥1 Cash ind ¢a$h equlvalents at l April 2023 13J46 10,916 Cash and cash equlvalents at 31st Marth 2024 5,716 13,346 Cash And cash equivalents conslst of: Cash at bank and in hand 5,716 5,716 13,346 13,346 Casb and cash equlvalents at 315t March 2024
Page 12 ALL SAINTS YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PRIIYCIPAL ACCOUNTING POLICIES (a) General information and basls of preparation The All Sainls Youih Club is a charity and is registered in Northern Ireland. The address of th¢ registered office is given in the charity infonnation on page l of these financial statements. The charity is established under a Trust deed. The charily constitutes a public benefit enliiy as defined by FRS 102. Statement of com liance The financial statements have been prepared in accordance with the accounting policies set out in notes to the financial slatements and Comply with the charity's governing document. charity law for Northern Ireland and and applicable accounting standards, Accounting and Reporling by Charities.. Slatement of Recommended Practice applicable lo charilies preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in ihc Unilcd Kingdom and Republic of Ireland (FRS 102), the charity's governing documcnt, the Charities Act (Northern Ireland) 2008, Charities Act (Northern Iland) 2013, The Charilies (Accounts and Reports) Regulations (Northern Ireland) 2015 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concem basis under the historical cost convention. The financial statemenls are presented in sterling which is the functional currency of the charily and rounded to the nearest £ l. The significanl accounting policies applied in the preparation of thes¢ financial statements are sel out below. These policies hav¢ been consistently applied io all years presented unless otherwise staled. These financial ststements have been prepared under the historical cost convention and on the accruals basis. Last year's financial stalements were prepared on a receipts and payments basis. Th¢ results for the prior year have not been restated as the adjustments from receipts basis to accruals basis of accounting were immaterial. (b) Fund accountillg - Unrestricted funds Th¢ unrestricied fvnds of the charity consist of a General Fund which is expendable at the discretion of the trustees in furtherance of the charitable objeclives of ihe charity and which has not been designated for other purp05¢5. - Restricted funds Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these crileria is charged to lh¢ fund, together with a fair allocation of overheads and support Costs (c) IDcome r¢¢ognitlon All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally enlitled to the income after any perforniance conditions have been met, the amount can be Measur reliably and it is probable ihat the income will b¢ received.
Page q3 ALL SAINTS YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS (contlnu8d) YEAR ENDED 31 MARCH 2024 PIUNCIPAL ACCOUNTING POLICIES (¢ontlnuedJ (c) Income re¢ognltlon (contlnued) No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Income from government and other grants are recognised at fair value when the charity has entitlemenl after any perfonnanrx conditions have been met, it is probable thai the income will be received and the amount can be measured reliably. If entitlement is not md ihen these amounls are deferred. Revenue granls are credited to incoming resources on the earlier dale of when ihey are received or when they are receivable, unless they relate to a specified fuiure period. Grants which contribute towards specific expenditure on fixed assels are credited to the SOFA in full upon reipl. (d) Expenditure recognitlon All expenditure is accounted for on an accruals basis and has been classified under headings thai aggregale all costs relatcd io the calegory. Expenditure is recognised where the is a legal or constructive obligation lo make payments to third parties, it is probable that the setilement will be required and the amount of the obligation con be measured reliably. It is categori5ed under the following headings". Expenditure on charitable activities comprises those costs incurred by the chariiy in the delivery of its a¢tivities and services for its beneficiaries and includes salary costs and an apportionment of support costs; Other expenditure represents those items not falling inlo the categories above. (e) Support costs allocatlon Support costs are those that assisi ihe work of the charity but do not directly represenl charilable aclivities, for example, governance cosls. The analysis of these costs is included in note 5. They are inCued directly in support of expenditure on the objects of the charity. Where support costs cannot be dir¢ctly altributed to particular headings th¢y have been allocated to expenditure on charitable activities on a basis consistent with use of the resources. Staff costs and overhead expcnses are allocated to aclivities on the basis of staff time spenl on those activilies. (fj Taxation The charity is not registered for VAT and, accordingly, all their expenditure is inclusive of any VAT incurred. (g) Debtors and eredltors reeelvable I payable Ivithin one year Debtors and creditors wilh no stated interest rate and receivable or payable within one year are recorded at transactlon price. Any losses arising from impaimient are recognis¢d in ¢xp¢nditure.
Page 14 ALL SAINTS YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS (contlnu•d) YEAR ENDED 31 MARCH 2024 1. PRINCIPAL ACCOUNTING POLICIES (contlnu•d) (h) Coing concern The financial slatements have been prepared on a going concern basis as the truslees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expecled level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of resources for the charily to be able to continue as a going concern. (l) Judgements and key sources of eslimation uncertainty The preparation of the financial statements requires the trustees to make judgemenls, estimates and assumptions that affect the amounts reported. These eslimates and judgements are continually reviewed and ar¢ based on experienL'e and othcr factors, including expeciations of future events that ar¢ b¢li¢v¢d to be reasonable under the circumslances. 2. INCOME FROM DONATIONS AND LEGACIES Unrestrlcted Restrlcted Total Funds Unrestricted Restricted Total Funds Funds Funds 2024 Funds Funds 2023 Donations Grants 441 441 85,492 1,210 741 128,973 1,951 128.973 85,492 85,492 441 85,933 1,210 129,714 130,924 3. OTHER INCOME UDre5tricted Restricted Total Funds Unrestricted Restricted Total Funds Funds Funds 2024 Funds Funds 2023 Admissions Pitter Patter Dances l Feis 3J20 420 340 3,320 420 340 3,657 315 1,760 3,657 315 1,760 4,080 4,080 5,732 5,732
Page 15 ALL SAINTS YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS (contlnuedj YEAR ENDED 31 MARCH 2024 4. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Activities undertaken Direcily Unrestricted Total 2024 Restricted Total 2024 Support costs Total 2024 Youth club 80,853 11,318 11,318 92,171 92,171 92,171 92,171 80,853 Activities undertaken Directly Unrestricted Total 2023 Reslricted Total 2023 Support costs Total 2023 Youth club 120,760 13,715 134,475 787 133,688 133,688 120,760 13,715 134,475 787 S. ALLOCATION OF SUPPORT COSTS Basis of allocation Youth Club Total 2024 Youth Club Total 2023 Govemance (note 6) Time spent OlleC nLnning costs Cost Repairs & mainlenance Professional fees Oiher costs Bank charges & other interest 1,200 6,115 1,200 6,115 1,200 8,013 1,200 8,013 Cost Cost Cost 1,102 1,102 993 993 2,522 2,S22 3,113 3,113 Cost 379 379 396 396 IlJ18 IlJ18 13,715 13,715
Page 16 ALL SAINTS YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS (tantlnu YEAR ENDED 31 MARCH 2024 6. GOVERNANCE COSTS Unrestricted Re5tri¢ted Total Funds Unrestricted Funds Funds 2024 Funds Restricied Total Funds Funds 2023 Independent examiner's fees 1200 1,200 1,200 1.200 1,200 1,200 1,200 1,200 IYET (EXPENDITURE) I INCOME FOR THE YEAR This is staled afier charging l (crediting): 2024 2023 Independent examiner's fees 1,200 1,200 INDEPENDENT EXAMINER'S REMUNERATION The indq)end¢nt examiner's remuneralion amounls to an independent examiner's fee of £1,200 (2023: £1,200). TRUSTEES, AND KEY MANGEMENT PERSONNEL REMUNERATION AND EXPENSES The trustees neither receivd nor waiv¢d any remuneration during the year (2023: £Nil). The lotal amount of employee benefits received by key management personnel is £Nil (2023: £Nil). The charity considers its key management personnel io be the trustees. Nil (2023: Nil) trustees are accruing pension arrdngements. The truslees did not have any expens¢s reimbursed during the year (2023: £Nil).
Page 17 ALL SAINTS YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS (contlnu•d) YEAR ENDED 31 MARCH 2024 10. STAFF COSTS èlND EMPLOYEE BENEFITS The average monthly number of employees during the year was as follows.. 2024 Number 2023 Number Charitable activities 10 10 The total staff costs and employees, benefits was as follows.. 2024 2023 Wages and salaries Social security Defined contribution pension costs 62,073 81.202 919 936 62,992 82,138 Staff costs are allocated as follows: 2024 2023 Allocated to: Youth club 62,992 62,992 82,138 82,138 No employees received iolal employee benefits (excluding employer pension costs) of more than £60.000. I I. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals PAYE & NIC Other creditors 1,200 2,323 5,280 2,039 3a31 8,803 12. CONTINGENT LIABILITY The charity has a contingent liabilily to repay granls received if the charity fails to comply with certain conditions stipulated in the letter of offer and tenns and conditions of contract under which the grants were paid. The trustees do not expect any claims to be made in this respect.
Page 18 ALL SAINTS YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 MARCH 2024 13. FUND RECONCILIATION Unrestricted fund$ Balance at l Apr 2023 Balance at Income Expenditure Transfers 31 Mar 2024 Unrestricted fund 4,543 4,521 (6,679) 2,385 Balance at l Apr 2022 Balance at 31 Mar 2023 Income Expenditure Transfers Unre5tricled fund 2,362 6,942 (787) (3,974) 4,543 Fund descriptio The unreslricted funds of the chariiy consisl of a General Fund which is expendable at the discretion of the trustees in furtherance of the charitable objectives of the charity and which has not been desigmated for other purposes. Restricted funds Balance at l Apr 2023 Balance at Income Expenditure TrAnsfers 31 Mar 2024 Restricted fund 85,492 (92,171) 6,679 Balance at l Apr 2022 Balance at 31 Mar 2023 Income Expenditure Transf¢r5 Restrictd fund 129.714 (133,688) 3,974 Fund description The Restricted funds are to be used for specified pUoseS as laid down by the donor. Expenditure which meets these criteria is charged to the fund. together with a fair allocation of overheads and support costs. Transfers Funds are transferred from u[eStrICt fimds io restricted funds to cover shortfalls in restricted funding.
Page 19 ALL SAINTS YOUTH CLUB NOTES TO THE FINANCIAL STATEMENTS (eontlnu•d) YEAR ENDED 31 MARCH 2024 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrlcted Restrlcted Total Unrestricted Restricted Funds Funds 2024 Funds Funds Total 2023 Cash at bank and in hand Other current assetsl 2,385 3a31 5,716 4,543 8,803 13,346 (3J31) (3,331) 2.385 (8,803) (8,803) 4,543 2J85 4,543 IS. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 N¢t (expenditure) l income for ihe year De¢r¢ase/(Increase) in debtors (Decreaseylncrease in creditors Nel cash flow from operating activiti¢s (2,158) 2,181 9,600 (9.351) 2,430 (5,472) {7,630) 16. RELATED PARTY TRANSACTIONS An unsecured loan was received from All Saints Parish Church during the year of £2,000. This loan was repaid in full befor¢ the year end (2023: £Nil). 17. ETHICAL STANDARDS In common with many other organisalions of our size and nature, we use our independent examiner to prepare and assist in the preparation of the financial statements. 18. PROPERTY In accordance with the policy of the Diocese of Down and Connor, title to the club premises at 2 Cushendall Road, Ballymena, Co Antrim is held by Diocese of Down and Connor Trustee, the sole Trustee of Down and Connor Diocesan Trust. I'he Trusi has designated the property for th¢ ex¢lu5iV¢ use of the Youih centre.