Charity registration number NIC100849 (Northern Ireland) Company registration number NI622215 YOUTH INITIATIVES (NORTHERN IRELAND) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ## YOUTH INITIATIVES (NORTHERN IRELAND) ## LEGAL AND ADMINISTRATIVE INFORMATION ## eee |Trustees|MrR McFadden|| |---|---|---| ||Ms D McNally|| ||Mr S McVitte|| ||MrJ Lilly|(Appointed 19 June 2024)| ||DrM McFeeters|(Appointed 19 June 2024)| ||Mrs E Smyth|(Appointed 19 June 2024)| |Secretary|MsKWillis|| |Charity number||| |Company number|NI622215|| |Registered office|50 Colin Road|| ||Poleglass|| ||Belfast|| ||BT17 0LG|| |Auditor|GMcG BELFAST|| ||Chartered Accountants & StatutoryAuditor|| ||Alfred House|| ||19 Alfred Street|| ||Belfast|| ||BT2 8EQ|| |Bankers|Bank ofIreland|| ||University Road|| ||Belfast|| ||BT7 1NH|| |Solicitors|Hewitt& Gilpin Solicitors|| ||73 Holywood Road|| ||Belfast|| ||BT43BA|| Dennen eee eee ## YOUTH INITIATIVES (NORTHERN IRELAND) ## CONTENTS ||Page| |---|---| |Trustees’ report|1-12| |Independent auditor's report|13 - 18| |Statement offinancial activities|19| |Balance sheet|20| |Statement ofcash flows|21| |Notestothefinancialstatements|22-34| ## YOUTH INITIATIVES (NORTHERN IRELAND) ## STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT ## FOR THE YEAR ENDED 31 MARCH 2025 |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| |||funds|funds||funds|funds|| |||2025|2025|2025|2024|2024|2024| ||Notes|£|£|£|£|£|£| |Income from:|||||||| |Donations and legacies|3|78,480|1,386,587|1,465,067|110,427|957,608|1,068,035| |Charitable activities|4|29,179|-|29,179|23,182|-|23,182| |Total income||107,659|1,386,587|1,494,246|133,609|957,608|1,091,217| |Expenditure on:|||||||| |Charitable activities|5|32,542|1,374,747|1,407,289|166,130|942,497|1,108,627| |Total expenditure||32,542|1,374,747|1,407,289|166,130|942.497|1,108,627| |Net income/(expenditure)||75,117|11,840|86,957|(32,521)|15,111|(17,410)| |Transfers between|||||||| |funds||(226)|226|-|470|(470)|-| |Net movement in|||||||| |funds|7|74,891|12,066|86,957|(32,051)|14,641|(17,410)| |Reconciliation of funds:|||||||| |Fund balances at 1 April|2024|134,476|671,275|805,751|166,527|656,634|823,161| |Fund balances at 31 March|||||||| |2025||209,367|683,341|892,708|134,476|671,275|805,751| The statement offinancial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. -19- ## YOUTH INITIATIVES (NORTHERN IRELAND) ## BALANCE SHEET ## AS AT 31 MARCH 2025 ||||2025|||2024|| |---|---|---|---|---|---|---|---| ||Notes|£||£|£||£| |Fixed assets|||||||| |Tangibleassets
Current assets|11|||615,570|||631,904| |Debtors
Cash atbankand inhand|12|180,442
149,633|||112,905
128,025||| |Creditors: amounts falling due within||330,075|||240,930||| |oneyear|13|(52,937)|||(67,083)||| |Net currentassets||||277,138|||173,847| |Totalassets less current liabilities||||892,708|||805,751| |income funds|||||||| |Restrictedfunds
Unrestricted funds|16|||683,341|||671,275| |Designated funds|17|18,017|||-||| |General unrestricted funds||191,350|||134,476||| |||||209,367|||134,476| |||||892,708|||805,751| These financial statements have been prepared in accordance with the provisions applicable to campanies subject to the small companies regime. The financial statements were approved by the Trustees on -0/:WOP **----- Start of picture text -----**
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Company Registration No. NI622215 -20- ## YOUTH INITIATIVES (NORTHERN IRELAND) ## STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 **----- Start of picture text -----**
|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from/(absorbed|by)|24| |operations|29,614|(29,619)| |Investing|activities| |Purchase|of tangible|fixed|assets|(8,006)|-| |Net|cash|used|in|investing|activities|(8,006)|-| |Net|cash|generated|from|financing|activities|-|-| |Net|increase/(decrease)|in|cash|and|cash| |equivalents|21,608|(29,619)| |Cash|and|cash|equivalents|at|beginning|of year|128,025|157,644| |Cash|and|cash|equivalents|at|end|of year|149,633|128,025| **----- End of picture text -----**
-21- ## YOUTH INITIATIVES (NORTHERN IRELAND) ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 - 1 Accounting policies ## Charity information Youth Initiatives (Northern 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 Accounting convention The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006 and “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 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. - 1.2. Going concern These financial statements have been prepared on a going concern basis. The charity's unrestricted funds at the year end amounted to £209,367 which equates to two and a half months’ expenditure. The trustees acknowledge the level of reserves is under the Reserve Policy target of 3 to 6 months of operational costs. The trustees are committed to achieving the targeted level and continue to monitor the level of unrestricted reserves. Having considered the current level of funds and confirmed future funding, the trustees consider that the charity has adequate resources to continue in operation for at least twelve months following the signing of these financial statements. - 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. - 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. -22- ## YOUTH INITIATIVES (NORTHERN IRELAND) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 - 1 Accounting policies (Continued) 1.5 Expenditure 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 reliably. 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 attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support 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 are allocated on the portion of the asset's use. 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 reliably. 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 attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support 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 use. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities. ## 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |Leasehold land and buildings|2% Straight Line| |---|---| |Fixtures and fittings|10% Straight Line| |Computers|33% Straight Line| |Motorvehicles|20%StraightLine| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. - 1.7. Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). - 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits 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. -23- ## YOUTH INITIATIVES (NORTHERN IRELAND) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ## 1 Accounting policies (Continued) ## 1.9 Financial 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. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## Basic financial liabilities 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 discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at 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 classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. ## 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. -24- ## YOUTH INITIATIVES (NORTHERN IRELAND) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ## 2 Critical accounting estimates 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 assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects 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 estimation uncertainty ## Fixed Assets The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset and estimates of residual values. The directors regularly review these asset lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation and amortisation charges for the period. Detail of useful lives is included in the accounting policies. ## Debtors Short term debtors are measured at transaction price, less any impairment. involves some estimation uncertainty. Impairment of such debtors ## 3 Income from donations and legacies |Unrestricted|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| ||funds|funds||funds|funds|| ||2025|2025|2025|2024|2024|2024| ||£|£|£|£|£|£| |Donations and gifts|77,731|-|77,731|109,770|44,340|154,110| |Grants|-|1,374,287|1,374,287|-|938,606|938,606| |Less: deferred income|-|12,300|12,300|-|(25,338)|(25,338)| |Other|749|-|749|657|.|657| ||78,480|1,386,587|1,465,067|110,427|957,608|1,068,035| |Income from charitable activities||||||| |||||Unrestricted||Unrestricted| ||||||funds|funds| ||||||2025|2024| ||||||£|£| |Charitable activities||||||| |Sales within charitable activities|||||-|5,000| |Outreach and Cross Community|Youth Work||||29,179|18,182| ||||||29,179|23,182| - 4 Income from charitable activities -25- ## YOUTH INITIATIVES (NORTHERN IRELAND) ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ## 5 Expenditure on charitable activities ||Charitable
activities|Charitable
activities| |---|---|---| ||2025|2024| ||£|£| |Direct costs||| |Staffcosts|730,754|559,922| |Programme costs|84,997|71,601| |Resource materials|26,860|21,507| |Equipment and software|23,949|3,915| |Transportation|38,203|31,796| |Accommodation costs|49,356|46,207| |Tutor/facilitator costs|19,490|15,594| |First aid supplies|1,039|19| |Partner agency expense|41,657|13,000| ||1,016,305|763,561| |Share ofsupport and governance costs (see note 6)||| |Support|371,879|307,785| |Governance|19,105|37,281| ||1,407,289|1,108,627| |Analysis by fund||| |Unrestricted funds|32,542|166,130| |Restricted funds|1,374,747|942,497| ||1,407,289|1,108,627| |Support costs allocated to activities||| ||2025|2024| ||£|£| |Staff costs|243,846|184,047| |Depreciation|24,340|25,628| |General overheads|38,750|39,942| |Meeting refreshments|7,432|5,117| |Fees and subscriptions|7,168|6,319| |Sundry expenses|12,205|12,303| |Fundraising and newsletter|1,996|1,752| |Other expenses|36,142|32,677| |Governance costs|19,105|37,281| ||390,984|345,066| |Analysed between:||| |Charitableactivities|390,984|345,066| ## 6 Support costs allocated to activities «26 « ## YOUTH INITIATIVES (NORTHERN IRELAND) ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 **----- Start of picture text -----**
||||||||||| |---|---|---|---|---|---|---|---|---|---| |7|Net|movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Fees|payable|for the|audit|of the|charity's|financial|statements|4,500|4,680| |Depreciation|of owned|tangible|fixed|assets|24,340|25,628| **----- End of picture text -----**
## 8 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## 9 Employees The average monthly number of employees during the year was: **----- Start of picture text -----**
|||||| |---|---|---|---|---| |2025|2024| |Number|Number| |42|34| |Employment|costs|2025|2024| |£|£| |Wages|and|salaries|886,277|680,249| |Social|security|costs|65,108|46,391| |Other|pension|costs|23,215|17,329| |974,600|743,969| **----- End of picture text -----**
There were no employees whose annual remuneration was more than £60,000. ## Remuneration of key management personnel Remuneration payable to key management personnel in the year was £164,200 (2024 - £148,354). ## 10 Taxation The charity is exempt from income tax and capital gains tax to the extent that its income and gains are applied for charitable purposes. No tax charge has arisen in the year. -27- ## YOUTH INITIATIVES (NORTHERN IRELAND) ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 |11.|Tangible fixed assets|||||| |---|---|---|---|---|---|---| |||Leasehold
jand and
buildings|Fixtures and
fittings|Computers|Motor
vehicles|Total| |||£|£|£|£|£| ||Cost|||||| ||At 1 April 2024|776,077|49,651|42,650|22,140|890,518| ||Additions|-|2,937|5,069|-|8,006| ||At 31 March 2025|776,077|52,588|47,719|22,140|898,524| ||Depreciation and impairment|||||| ||At 1 April 2024|155,363|45,750|35,361|22,140|258,614| ||Depreciation charged in the year|15,522|644|8,174|-|24,340| ||At 31 March 2025|170,885|46,394|43,535|22,140|282,954| ||Carrying amount|||||| ||At 31 March 2025|605,192|6,194|4,184|.|615,570| ||At 31 March 2024|620,714|3,901|7,289|.|631,904| |12|Debtors|||||| ||||||2025|2024| ||Amounts falling due within one year:||||£|£| ||Trade debtors||||9,362|5,366| ||Other debtors||||170,642|106,755| ||Prepayments and accrued income||||438|784| ||||||180,442|112,905| ## 13 Creditors: amounts falling due within one year ||||2025|2024| |---|---|---|---|---| |||Notes|£|£| ||Deferred income|14|44,134|56,434| ||Other creditors||5,553|7,399| ||Accruals||3,250|3,250| ||||52,937|67,083| |14|Deferred income|||| ||||2025|2024| ||||£|£| ||Otherdeferredincome||44,134|56,434| Deferred income is included in the financial statements as follows: -28- ## YOUTH INITIATIVES (NORTHERN IRELAND) ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ## 14 Deferred income (Continued) **----- Start of picture text -----**
||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Deferred|income|is|included|within:| |Current|liabilities|44,134|56,434| |Movements|in|the|year:| |Deferred|income|at|1|April|2024|56,434|31,096| |Released|from|previous|periods|(56,434)|(31,096)| |Resources|deferred|in|the|year|44,134|56,434| |Deferred|income|at|31|March|2025|44,134|56,434| **----- End of picture text -----**
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 Activities in the period to which it relates. - 15 Retirement benefit schemes **----- Start of picture text -----**
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |Defined|contribution|schemes|£|£| |Charge|to|profit|or|loss|in|respect|of defined|contribution|schemes|23,215|17,329| **----- End of picture text -----**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. -29- ||||S=
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FEO|| ## YOUTH INITIATIVES (NORTHERN IRELAND) ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ## 17 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||At 1 April|Incoming|Resources|Transfers|At31 March| |---|---|---|---|---|---| ||2024|resources|expended||2025| ||£|£|£|£|£| |Minibus Fund|-|18,017|-|-|18,017| |General funds|134,476|89,642|(32,542)|(226)|191,350| ||134,476|107,659|(32,542)|(226)|209,367| |Previous year:|At 1 April|Incoming|Resources|Transfers|At31 March| ||2023|resources|expended||2024| ||£|£|£|£|£| |Generalfunds|166,527|133,609|(166,130)|470|134,476| ## Minibus Fund Minibus Fund relates to income raised to fund anticipated capital expenditure on a new minibus. ## 18 Analysis of net assets between funds ||Unrestricted|Restricted|Total| |---|---|---|---| ||funds|funds|| ||2025|2025|2025| ||£|£|£| |At 31 March 2025:|||| |Tangible assets|10,378|605,192|615,570| |Current assets/(liabilities)|198,989|78,149|277,138| ||209,367|683,341|892,708| ||Unrestricted|Restricted|Total| ||funds|funds|| ||2024|2024|2024| ||£|£|£| |At 31 March 2024:|||| |Tangible assets|11,190|620,714|631,904| |Current assets/(liabilities)|123,286|50,561|173,847| ||134,476|671,275|805,751| This figure includes £18,017 (2024 - £nil) that is designated for specific purposes leaving a balance of free reserves totalling £180,972 (2024 - £123,286). -31- ## YOUTH INITIATIVES (NORTHERN IRELAND) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ## 19 Explanatory notes to the funds ## Unrestricted Funds ## General Funds This fund includes all core funding that the charity receives and is expendable at the discretion of the directors for the general purposes of the charity. ## Restricted Funds Restricted funds comprise of the Building Fund of £605,192 (2024 - £620,714) and remaining restricted fund balances held for a specific purpose of £78,149 (2024 - £50,561). Details of the restricted funds are as noted below. Building Fund - The building fund was accumulated to finance the construction of the charity's youth facility. The balance on the fund represents the net book value of the building and fixtures and fittings held as fixed assets on the balance sheet. Ardbarron Trust - To fund Youth Ministry workers, general management and core costs. Armagh, Banbridge, Craigavon City Council - To support Banbridge Good Relations BBC Children in Need NUTS Project - To fund the salary and programme costs of NUTS West Belfast. Belfast City Council - To fund community support in the Colin, West Belfast Area. Benefact Trust - To fund the Missing Youth project costs. Community Relations Council (CRC) Core - To fund the salary of the Good Relations Development Officer. Community Relations Council (CRC) Step Up, Step Out - To part-fund volunteer costs. Community Relations Council (CRC) Show grant - To part-fund Crosslinks show. Department of Foreign Affairs & Trade - Reconciliation Fund (ROI) - To fund Cross Community Programme costs. Department for Communities - CED - To part-fund Project Support Worker salary and overheads. Department for Communities - Job Start - To fund salaries for JobStart employees. Duke of Edinburgh/Joint 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 programme costs. Education Authority TBUC 15-18s - To fund Summer programme costs. -32- ## YOUTH INITIATIVES (NORTHERN IRELAND) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ## 20 Explanatory notes to the fund (continued) Education Authority - Small Grants - To fund small projects in 2 of Youth Initiatives areas. Garfield Weston Foundation - To fund core youth work costs. House of Vic-Ryn - To fund youth ministry salaries. James Brown Funeral Services - To provide activities and workshops to promote mental and physical wellness for young women in East Belfast. Koch Foundation - To fund faith development project costs. LFT - Youth Impacting Community Project is to provide an opportunity for twenty volunteers to take part in the Volunteer and Leadership Development Programme for one year. Newry Mourne & Down - To provide early intervention and diversionary activities in Downpatrick. National Lottery - To fund 13-18s youthwork in YI East and West Areas. Paul Hamlyn Foundation - To fund an Anti-Racism programme of research and campaign work, and infrastructure development. Paul Hamlyn Foundation Bytes research grant - To fund promotion of the Positive Sparks website. > PCSP- To fund diversionary activities in Lisburn. Rank Foundation - Start Here - To fund the salary for media internship. Rank Foundation - Aspire Programme - To fund the salary for youth work internship. SEUPB Peace Plus 3.2, YMCA Empower to Transform programme - To fund salary, programme and 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 Relations Fund Crosslinks - To fund East and West Belfast Crosslinks programme and salary costs. The Executive Office Central Good Relations Fund Artbridge - To fund Foyle Artbridge programme and salary costs. TBF Thompson Trust - To fund Banbridge Staff salaries. Youth Action - To fund Social Action Projects in East Belfast. Youth Justice Agency - To provide a bonfire focused intervention project in Derry/Londonderry. Youth Link/EA Youth Development - To collectively deliver OCN Level courses to part time and volunteer youth work staff in EA registered groups. ## Transfers During the year, there were transfers of £226 from unrestricted funds to restricted funds. -33- ## YOUTH INITIATIVES (NORTHERN IRELAND) ## NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 ## 21 Pension commitments The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents the contributions payable by the charity to the fund and amounted to £23,215 (2024 - £17,329). ## 22 Financial commitments, guarantees and contingent liabilities A portion of grants received may become repayable if the company fails to comply with the terms of letter of offer. ## 23 +Related party transactions There were no disclosable related party transactions during the year (2024 - none). **----- Start of picture text -----**
||||||||| |---|---|---|---|---|---|---|---| |24|Cash|generated|from/(absorbed|by)|operations|2025|2024| |£|£| |Surplus/(deficit)|for the|year|86,957|(17,410)| |Adjustments|for:| |Depreciation|and|impairment|of tangible|fixed|assets|24,340|25,628| |Movements|in|working|capital:| |(Increase)|in|debtors|(67,537)|(60,237)| |(Decrease)|in|creditors|(1,846)|(2,938)| |(Decrease)/increase|in|deferred|income|(12,300)|25,338| |Cash|generated|from/(absorbed|by)|operations|29,614|(29,619)| |25|=|Analysis|of changes|in|net funds| **----- End of picture text -----**
The charity had no material debt during the year. -34-