Charity registration number NIC100849
Company rogistration number N1622215 (Northern Ireland)
YOUTH INITIATIVES (NORTHERN IRELAND)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

YOUTH INITIATIVES (NORTHERN IRELAND)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr K Humphrey
Mr R McFadden
Ms D McNally
Mr S Mcvltte
Secretary
Ms K Wlllis
Charlty number
NIC100849
Company number
N1622215
Regl$ter•d office
50 Colln Road
Poleglass
Belfast
8T17 OLG
Audltor
GMCG BELFAST
Chartered Accountants & Statutory Auditor
Alfred House
19 Alfred Street
Belfast
BT2 8EQ
Bankers
Bank of Ireland
University Road
Belfast
BT7 1NH
Sollcltors
Hewitt Gilpin Solicitors
Thomas House
14-16 James Street South
Belfast
BT2 7GA

YOUTH INITIATIVES (NORTHERN IRELAND)
CONTENTS
Pago
Trustees, report
Independent audltorfs report
Statement of finandal activltles
17
Balance sheet
18
Statement of cash flows
19
Notes to the financSal statements
20-32

YOUTH INITIATIVES (NORTHERN IRELAND)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
2024
2024
Total
Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and
legacies
Charitable activities
110,427
23,182
957,608
1,068,035
23.182
107,540
42,014
741,095
848.635
42.014
Total income
133,609
957,608
1,091.217
149,554
741,095
890.649
endlture on:
Charitable activities
166,130
942,497
1.108,627
222.657
783,484
1,006,141
Net (outgolng)Ilncomlng
resourc•s before
transfers
(32,521)
15,111
(17,410)
(73,103)
(42,389) (115,492)
Gr05S transfers
be￿een funds
470
(470)
19,917
(19,917)
Net (expendlture)lincome
for the yearl
Net movement in funds
(32,0511
14,841
(17,410)
(53.186)
(62,306) (115,492)
Fund balances at 1 April
2023
166,527
656.634
823,161
219,713
718.940
938,653
Fund balances at 31
March 2024
134.476
671,275
805,751
166,527
656,634
823,161
The ststement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies wilh the requirements for an income and expenditure account
under the Companies Act 2006.
17-

YOUTH INITIATIVES (NORTHERN IRELAND)
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Fixed a55ets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
10
631,904
657.532
11
112,905
128,025
52,668
157.644
240,930
210,312
Credltors: amounts falling due withln
ono year
12
(67,083)
(44,683)
N8t current assets
173,847
165,629
Total assets l•s$ current Ilabllltlel
805,751
823,161
Income funds
Restrlcted funds
Unrestricted funds
14
671,275
134,476
656,634
166,527
805,751
823.161
These finanaal statements have been prepared in accordance with the provisions applicable to companies subject
to the small companles regim8.
The financial statements were approved by the Trustees on .
McFa
stee
en
Company Reglstratlon No. N1622215
18-

YOUTH INITIATIVES (NORTHERN IRELAND)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activitles
Cash absorbed by operations
21
{29,619)
(14,634)
Investlng adlvltles
Purchase of tangible fixed assets
(640)
N•t cash used In Inv•stlng actlvltles
(640)
Not cash us•d In flnanclng actlvltles
Net decrease In cash and cash equlvalents
(29.619)
(15,274)
Cash and cash equivalents at beginning of year
157.644
172,918
Cash and cash oqulvalants at ond of year
128.025
157,644
19-

YOUTH INITIATIVES (NORTHERN IRELAND)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollci&s
Charity Informatlon
Youth Initiatives (Northem Ireland) is a private company limited by guarantee incorporated in Northern Ireland.
The registered office Is 50 Colin Road. Poleglass, Belfast. BT17 OLG.
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the charitvs Articles of Association, the
Companies Ad 2006 and °Accounting and Reporting by Charities: Statem8nl of Recommended Practice
applicable to charities preparlng their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The Gharity is a Public
Beneflt Enkn'ty as deflned by FRS 102.
The financial ststements are prepared in sterling. whlch Is the fijnctional currency of the charfty. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The prlncipal accountlng
policles adopted are set out below.
1.2 Golng concern
These financial statements have been prepared on a going concern basis. The charty's unrestricted funds at
the year end amounted to £134,476 whith equates to one and a half months. expenditure. The trustees
acknowledge the18v81 of reserves is under the ReseNe Policy target of 3 to 6 months of operational costs.
The tTUStees are committed to achieving the targeted level and continue to monitor the level of unrestricted
reserves.
Having considered the current level of funds and confimied future funding. the trustees consider that the
charity has adequate resources to continue in op8ration for at least iwelve months following the signing of
these financial statements.
1.3 Charitable funds
Unrestrided funds are available for use at the dlscr8tlon of the trust88s in furtherance of their charitsble
objectives.
Restricted funds are subject to speclflc conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial ststements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance wnditions have been met,
the amounts can be measured reliably. and it is probable thal income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notffied
of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recogni5ed at the time of the donation.
-20-

YOUTH INITIATIVES (NORTHERN IRELAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (Continued)
1.5 Exp8nditure
Expenditure Is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement. and the amount of
the obligation can be measured rellably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs Involved in undertaking each activity- Direct costs attribulable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs whlch are not attributable to a single activity are apportioned between those activities on a basis
consistent wlth the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation tharges are allocated on the portion of the asset's use.
Expenditure is recognised On￿ there is a legal or constructlve obligation to transfer economlc benefit to a
third party, it is probable that a transfer of economic benefsts will be required in settlement and the amount of
the obligatlon can be measured rellably. Expendilure is classified by actlvity. The cost5 of each activity ar8
made up of the total of direct costs and shared costs. including support costs involved in undertaking each
activity- Direct cost5 attributable to a single activity are allocat8d directly lo that activity. Shared costs which
Gontribute to more than one activity and 5UPPOrt costs which are not attributable to a single activity are
apportioned between those activities on a basis consistent with the use of resources. Central staff costs are
allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's US8.
Support costs are those costs incurred directly in support of expenditure on the objects of the company and
include project management carried out at H8adquarters. Govemance costs are those incurred in conn8Ction
with administration of the company and compliance with constitutional and statutory requirements.
Charltable actlvities and Governance costs are costs incurred on the companvs operations, including support
costs and costs relating to the governance of the company apportioned to charitable activities.
1.6 Tanglble fixed ass8ts
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of
depreciation and any impairment losses.
Depreciation Is recognlsed so as to write off the cost or valuatlon of assets less thelr residual values over thelr
useful lives on the following bases..
Leasehold land and bulldlngs
Flxtures and fittings
Computers
Motor vehicles
2% Stralght Line
10% Straight Line
33Y. Straight Line
20 % Straight Line
The gain or loss arising on the disposal of an asset is det8miined a5 the difference betW8en the sale
proceeds and the carrying value of the asset, and is recognised in the ststement of financial activities.
1.7 Impalrment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to detemiine
whelher there is any indication that those assets have suffered an impainnent 1055. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient
loss (rf any).
1.8 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, d8POSits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
21

YOUTH INITIATIVES (NORTHERN IRELAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcies (Continued)
1.9 Flnancial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Flnancial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceablé rlght to set off thè r8cognised amounts and there Is an intention to S8tt1e on a
net basis or to realise the asset and settle the liability simultaneously.
88slc financlal Jssets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transactlon price includlng transaction costs and are sub58quently carried at amortised cost using the
effective interest method unless the arrangemenl constitutes a financing transaction, where the transaction is
m&asured at the present value of the future r8C81Pts discounted at a market rate of inl8r8St. Financial assets
classified as receivable within one year are not amortised.
Baslc flnanclal118bllltles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument is measured at the present
value of the future payments dlscounted at a market rate of interest. Financial liablllties classlfied as payable
within one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired In the ordinary course of
operations from suppliers. Amounts payable are classrfied as current liabilities if payment is due within one
year or less. If not. they are presented as non-current liabllities. Trade creditors are r8cognised initially at
transaction price and subsequently measured at amortised cost using the effective interesl method.
Derecognltlon of flnanclal118bllltles
Financial liabilities are derecognised when the charfty's contractual obligations expire or are discharged or
cancelled.
1.10 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
receiv8d.
Termination benefits are recognised immediately as an expense when the tharity is demonstrably committed
to terminate the employment of an employee or to provide terminatlon benefits.
1.11 Retlrement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
-22-

YOUTH INITIATIVES (NORTHERN IRELAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Crltical accountlng estlmates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptlons are based on hlstorical experience and other factors that
are considered to be relevant. Actual results may differ from these estirnates.
The estimates and underlying assumptions are reviewed on an ongolng basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision aff8cts only that
period. or in the period of the revision and future periods where the revision affects both current and future
periods.
Key sources of estlmatlon uncertainty
Flxed Assets
The annual depreclation charge on fixed assets depends primarily on the estimated lives of each type of asset
and estlmates of residual values. The directors regularfy revlew these asset lives and change them as
necessary to reflect current thinking on remaining lives in light of prospedive economic utilisation and physical
condition of the assets concern8d. Changes In ass8t1Sves can have a signlficant impact on depr8clation and
amortisation charges for the period. Detail of useful lives is included in the accounting policies.
Debtors
Short terrn debtors are measured at transaction price. less any impairment. Impairment of such debtors
involves some estimation uncertainty.
-23-

L(> 0 ¢3)
ro
511"
CfDO)

YOUTH INITIATIVES (NORTHERN IRELAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable actlvltles
2024
2023
Sales within charitable activities
Outreach and Cross Community Youth Work
5,000
18,182
42,014
23.182
42,014
Income from charitable activStles In the current and prfor year are from unrestrScted funds.
Charltable actlvltlo8
2024
2023
Staff costs
Programme costs
Resources materlals
Equipment and softwar8
Transportation
Accommodation costs
Tutorlfacilitator costs
Partner ag8ncy 8xpense
First aid suppli8S
Tralnlnglqualifications costs
559,922
71,601
21,507
3,915
31.796
46,207
15.594
19
13,000
513,656
64,661
22,063
17,902
26,077
39,856
12,252
6,067
763,561
702,534
Share of support costs (see note 6)
Share of governance costs (see note 6)
307,785
37,281
287,092
16,515
1,108,627 1,006,141
Analysls by fund
Unrestricted funds- general
Restrirted funds
166,130
942,497
222,657
783,484
1,108,627 1,006,141
-25-

YOUTH INITIATIVES (NORTHERN IRELAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Govarnance
costs
costs
2024
Support Governance
costs
costs
2023
Staff costs
General ovethead5
Meeting refreshments
Fees and subscriptlons
Sundry expenses
Depreciatlon
Fundraising and
newsletter
Other expanses
184,047
39,942
5,117
6,319
12,303
25,628
184,047
39.942
5,117
6,319
12,303
25,628
172,26g
32,284
5,734
6,781
9,934
31,370
172,269
32.284
5,734
6,781
9,934
31,370
1,752
32,677
1,752
32,677
4,318
24,402
4,318
24,402
Audlt f8es
Insurance
Extemal evaluation
Legal and professional
fees
Accountant fees
4,680
6,128
9,349
4,680
6,128
9,349
4,080
7,822
1,589
4,080
7,822
1,589
17,124
17,124
2,628
396
2,628
396
307,785
37,281
345.066
287,092
16.515
303,607
Analysed be￿88n
Charitable activitles
307,785
37,281
345.066
287,092
16.515
303,607
Governance costs includes payments to the auditors of £4,680 (2023 - £4,080) for audit fees.
Trustees
Non8 of the trustees lor any persons connected with them) received any remuneration or benefits from Ihe
charity durlng the year.
Employees
The average monthly number of employees durfng the year was:
2024
Number
2023
Number
34
35
Employment costs
2024
2023
Wages and salarie5
Social security costs
other pension costs
680,249
46,391
17,329
628,404
41,176
16,345
743,969
685,925
-26-

YOUTH INITIATIVES (NORTHERN IRELAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees (Continued)
There werè no 8mployees whose annual remuneration was more than £60,000,
Taxatlon
The charity Is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
10 Tangible flxed assets
Leosehold Flxture$ and
land and
Ilttlng•
bulldlngs
Comput•r• Motor v•hl¢hs
Totsl
Cost
At 1 Aprll 2023
776,077
49,651
42,650
22,140
890,518
At 31 March 2024
776,077
49,651
42.650
22,140
890,518
Depreclatlon and Impalrment
At 1 April 2023
Depreciation charged In the year
139,841
15,522
45,211
539
25,794
9,567
22.140
232,986
25,628
At 31 March 2024
155,363
45,750
35,361
22.140
258,614
Carrylng amount
At 31 March 2024
620,714
3,901
7.289
631,904
At 31 March 2023
636,236
4,441
16,855
657,532
11 Debtor8
2024
2023
Amounts falllng duo wlthln one year:
Trade debtors
Other debtors
Prepayments and accrued income
5,366
106,755
9,965
41,955
748
112,905
52,668
12 Credltors: amounts falling dua within one year
2024
2023
Notes
Defe￿ed in¢om8
Other creditors
Accruals and deferred inGome
56,434
7,399
3,250
31,096
7,527
6,060
67,083
44,683
-27-

YOUTH INITIATIVES (NORTHERN IRELAND)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Deferred Income
2024
2023
Oth8r deferred incom8
56,434
31,096
Defèrred income Is Included in the flnancial statem8nts as follows:
2024
2023
Deferred income is Sncluded within:
CUr￿nt liabilltles
56,434
31,096
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
31,096
(31,096)
56,434
111,088
(111,088)
31.096
Deferred income at 31 March 2024
56,434
31,096
The deferred income arises in respect of income being received in the year which relates to a future
accounting period and in respect of income received in the year where conditions for recognition have not yet
been satisfied. The income will be released to the Statement of Financial Activlties in the period to which it
relates.
-28-

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YOUTH INITIATIVES (NORTHERN IRELAND)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Explanatory notes to the funds
Unrestricted Funds
General Funds
Thls fund includes all core funding that the charity receives and is èxpendable at th8 discretion of the directors
for the general purposes of the charity.
Restricted Funds
Restricted funds comprise of the Building Fund of £820.714 (2023 £634,576) and rernaining restricted fund
balance5 held for a specific purpose of £50,561 (2023 - £22,058). Detai15 of the restrlcted funds are as noted
below.
Buildlng Fund The buildSng fund was accumulated to finance the construction of the charity's youth faclllty.
The b31anc8 on the fund repr8sents the net book value of the building and fixtures 8nd fittings held as fix8d
assets on the balance sheet.
Ardbarron Trust - To fund Youth Ministry workers, general management and core costs.
Armagh, Banbridge. Craigavon Clty Council- To support Banbridge Good Relatlons
BBC Children in Need NUTS Project- To fund the salary and programrne costs of NUTS West Belfast.
Belfast City Councll - To fund communSty support in the Colin. West Belfast Area.
Ben8fact Trust - To fund the Missing Youth project costs.
Charis Community - To fund faith development project costs.
Community Relations Council (CRC) Core- To fund the salary of the Good Relations Development Officer.
Communlty Relations Council (CRC) Step Up, Step Out- To part-fund volunteer costs.
Community Relatlons Council (CRC) Show grant - To part-fund Crosslinks show.
Department of Foreign Affalrs & Trade - Reconciliation Fund {ROII To fvnd Cross Communlty Programme
costs.
Department for Communlties- CED- To part-fund Prolect Support Worker salary and overheads.
Department for Communitl8s - Job Start- To fund salari8s for Jobstart employees.
Duke of EdinburghlJoint Initiative Award- To fund Duke of Edinburgh centre set-up.
Education Authority Regional Strategic Grant - To part fund the salaries, core costs for supporting member
organisations.
Education Authority local support grants- To fund local Branch Programme costs.
Education Authority Planned Intervention West- To fund summer intervention in West Area.
Education Authority Strand Road & Ballymacarrett- To fund Strand Road (East Area) activities and salaries.
Education Authority TBUC 11-14s- To fund Summer programm8 costs.
Education Authority TBUC 15-18s- To fund Summer programm8 Costs.
-30-

YOUTH INITIATIVES (NORTHERN IRELAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Explanatory notes to the fund (continued)
Education Authority - Small Grants - To fund small projects in 2 of Youth Inits'atives areas.
Garfield Weston Foundation - To fund core youth work costs.
House of Vic-Ryn- To fund youth mlnistry salaries.
Koch Foundation - To fund falth development project costs.
Liberty IT- To support the youth volunteer leadership programme.
Newry Moume & Dovm - To provlde early interventlon and diversionary activities In Downpatrick.
Natlonal Lottery - To fund 13-18s youthwork In YI East and West Areas.
To fund an Antl-Ra¢ism programme of research and campaign work, and
Paul Hamlyn Foundation
Infrastructure development.
Paul Hamlyn Foundation Bytes research grant - To fund promotion of the Positlve Spark5 webslte.
PCSP - To fund diversionary activities in Lisbum.
Rank Foundation - Start Here - To fund the salary for media internship.
Rank Foundation - Aspire Programme - To fund the salary for youth work internship.
To fund salary, programme and
SEUPB Peace Plus 3.2, YMCA Empower to Transform programme
overheads to deliver E2T programme.
SEUPB Peace Plus 3.2, Include Youth Strive programme To fund salary. programme and overheads to
deliver Strive programme.
Soutter Charitable Trust- To fund Youth Initiatives faith development project costs.
The Executive Office Central Good Relatlons Fund Crossllnks To fvnd East and West Belfast Crossllnks
programme and salary costs.
The ExecutNe Office Central Good Relations Fund Artbridge - To fund Foyle Artbridge programme and Salary
costs.
TBF Thompson Trust- To fund Banbridge Staff salaries.
Urban Villages - To fund the OutreachlDetached work in West Belfast.
Youth Actlon - To fund Social Action Projects in East Belfast.
Transfers
During the year, there were transfers of £470 from restricted fvnds to unrestricted funds. This relates to
expenses that were misallocated to unrestricted funds in a previous year.
-31

YOUTH INITIATIVES (NORTHERN IRELAND)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Analysls of net assets between funds
Unrostricted Restricted
funds
funds
2024
2024
Total Unrestricted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Fund balances at 31
March 2024 are
represent8d by:
Tangible assets
Cu￿ent assetsl(liabilities)
11,190
123,286
620,714
50,561
631,904
173.847
22,956
143.571
634,576
22,058
657,532
165.629
134,476
671,275
805.751
166,527
656.634
823,161
The unrestricted net current assets of the charity at 31 March 2024 total £123,286 (2023 £143,571). This
flgure represents the charity's free reserves.
18 Pension commitments
The charity operate5 a defin8d contribution pension scheme. The assets of the scheme are h8ld separately
from those of the charity in an independently admlnistared fund. The penslon cost charge represents the
contributions payable by the charity to the fund and amounted to £17,329 (2023 - £16,345).
19 Financial commitments• guarantees and contlngent Ilabilities
A portion of grants received may becom8 repayable if the company fails to comply with the tenns of letter
of offer.
20 Relatad party transactlons
There were no disclosable related party transactions during the year (2023 - none).
Remuneration payable to key management personnel in the year was £148.354 (2023 - £132,956).
21 Cash gen•rated from operatlons
2024
2023
Deficit for the year
(17,410)
(115,492)
Adjustment5 for.
Depreclation and Impairment of tangible fixed assets
25.628
31,369
Movements in working capltal:
(Increa5e)Idecrease debtors
(Decrease)lincrease in creditors
Increas81{decrease) In deferred income
(60,237)
(2.938)
25,338
143,175
6.306
{79,992)
Cash absorbed by operations
(29,619)
(14,634)
22 Analysis of Changes in net funds
The charity had no debt during the year.
-32-