Charlty registratlon number NIC1(H)923 Company registratlon number N1044482 (Northern Ireland) MACS SUPPORTING CHILDREN &YOUNG PEOPLE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
MACS SUPPORTING CHILDREN & YOUNG PEOPLE LEGAL AND ADMINISTRATIVE INFORMATION Trusteès Mr Michael Dawson Mrs Ligourl Dobbin Mr Stephen Green Mr Albert Hamilton Ms Laura-Lee Harbinson Ms Andrea Mccooke Ms Sandra McKillop Mr John Meikleham Mr Gary Mills Ms Aideen O'Neill Ms Karen Mccorry MrAndrew Tubman {Appointed 9 March 20231 {Appointed 3 December 2022) IApp)inted 5 May 20221 (Appointéd 3 December 2022} (Appointed 3 December 2022) (Appointed 3 Decefflber 2022) (Appointed 5 May 2022) (Appolnted 16 November 20231 Charlty numb•r NIC100923 Company numbor N1044482 Reglstgred office 303 Omieau Road Belfast BT7 3GG Audltor Harbinson Mulholland Centrepoint 24 Ormeau Avenue B81fast Co. Antrlm Northèrn Ireland BT2 8HS Banker Ulster Bank Limited Unlversity Road Belfast BT7 1JG Sollcltors McEvoy Sheridan Solicitors 344 Orm8au Road Belfast BT7 2HL Edwards and Co. 28 Hill Street Belfast BT12LA
MACS SUPPORTING CHILDREN & YOUNG PEOPLE CONTENTS Page Trustees, report Independent audltoffs report 8-11 Statement of financlal edlvltles 12 statement of flnanclal posltlon 13-14 Statement of cash flows 15 Notes to the financial statements 16-24
MACS SUPPORTING CHILDREN & YOUNG PEOPLE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trustèes are pleased to present their report together with the financial slatements of the charity for the year ended 31 March 2023. The financlal statements have been prepared in accordance with the Statement of Recommended Practice (SORPI 2005 "Accounting and Reportlng by Charities.. Objectlves and actlvltles The charitable objectives of the company are to provide a range of services for children and young people, aged 6- 25, lyho have not had a fair deal" 1.6. who have experlenced care., homelessness or risk of homelessness; mental health issues,. or are at risk of suiclde and self-harm. in the Belfast, South Eastem and Southern Health and Social Care Trust Ar8as. Support•d Houslng Servl¢o . "Move In to Mova On" (Established 1990) The Supported Housing Service supports young people leaving Care and homeless young people lo make the transltion to interdependence and their own tenancy. We do this by providing indivldualised support to young peoplè that is led by, and tailored to their needs. Support is based on identifd need and is complemented by 8 range of one to one and group work interventions. The Supported Housing Service includes.. 18 self-contained flats located al University Street. Belfast for care leavers aged 16 to 21. 8 selfpcontained flats located at English Street. Downpatrick for 3 care leavers, 3 young horn8less, 1 short term assessment flat for 16-17 year old young homeless and 1 assessment flat for unaccompanied minors. 7 self-conlained flats located at Canal Street, Newry for care leavers aged 16-21. 9 self-contained flats located at Longston8 Street, Lisbum for 3 care leavers, 4 young homeless, 1 short tem) assessment flat for 16-17 year old young homeless and 1 assessment flat for unaccompanied mlnors. Wellbelng Sèrvice - Montal Health Support- "Daro to Dream" (Establlshed 2000) The W611being Service provides one to one support, mentoring, and group work for children and young people aged 16-25 across the Belfast and South Eastem Trust areas. This S8rvice uses volunteers to inspire children and young people by nurturing théir dreams and aspirations and to provide social opportunities promoting positive mentsl health. Floatlng Support Servlco - "Bullding Futures Together" (Establlshed 2003) MACS Floating Support consists of four services in Belfast, Lisburn, Newry and Downpatrick. We offer voluntary, flexiblè and person-centered holistic services to young people aged 16-25 to address homelessness or risk of homelessness and to enable them to establish and maintain interdependent living in the community. Each young person will have a tailored support plan that addresses identified individual needs. We are contracted to provide support to 127 young people in Greater Belfast, 72 young people in Lisbum, 25 young people in Newry and 79 young people in Downpatrick and the surrounding areas al any one time. The Belfast team also includes a Prison Resettlement Programme and a Shared Tenancy Project. "Led By You" (Established 2016) Led by You supports young people to get involved, have their say and it provldes them with opportunities to influence how we do things at MACS. Young people can become young leaders, participate In forums and l¢xallty based sub groups and 98t involved In MACS fvndraislng and volunteering opportunities.
MACS SUPPORTING CHILDREN & YOUNG PEOPLE TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Achievements and porformanco AIM ONE: Gettlng Children and Young People where they want to be Objective Provide a quality seNice to children and young people. Support young people secure and maintain their own tenancies or other accommodation In order to prevent hofflelessness. Develop new models of housing SUPPOrt to pr8vent homelessness. Provide therapeutic interventions for children. Support children and young people to bulld thelr r8sllience and better manage Iheir emotional and mental wellbeing Provide bespoke schools programmes promollng poslllve wellbeing, Improve Outcomes for young people in the following areas., Enjoy and Achieve, B8 Healthy, Stsy Safe, Positive Contribution, Economlc Wellbeing Provide opportuni118s for volunleers to mak8 a dlfference in the Ilves of children and young p8ople Outcomos MACS supported 691 young people 79 young people accommodated in our Supported Housing Services 462 young people supported to find or maintain their accommodation In the community with Floating Support 69 young people were supported In our Wellbeing Service. 25 young people were supported in Shared Tenancies 28 young people were supported by Prison Resettlement 830/0 of young people found accommodation 930 of young people maintained their own tenancies 79 /0 of young people improv8d their mental health 87Yo of young people improved their social n61works 87¥0 of young people accessed the COrCt benefits 84 % of young people are better managing self-harm and suicidal ideation AIM TWO: Led By Chlldr8n and Young People Objactlvès Provlde opportunitles for children and young people to shape services and dellvery. Provide training and development opportunilies for children and young people, Reduce social isolation and improving community cohesion. Influencing strategic change in services for children and young people Outcomes Young peop18 produced our Annual Report for 2021-2022 Young People were 5UPPOrted to participate in NICCY and QUB research called "A Place to Call Home" Young People were supported to participale in the Children'5 Law Centres, "Children's Rights" Consullation. Young people participated In three internal consultations regarding mental health, visitors in Housing and Safeguarding. A young person was selected to go to London to do a fashion shoot to produce new promotional material for Every Youth in partnership with Urban Outfitters. MACS worked in partnership with the South Eastem Trust to develop a practical response to the increasing numbers of unaccompanied and separated children coming into Northern Ireland by supplying assessment flats. 89 % of young people We supported to galn and mainiain paid work 740A of young people were supported to gain and maintain educalion gnd trainlng 92Vo of young people were supported to actively engage in participation and user involvement.
MACS SUPPORTING CHILDREN & YOUNG PEOPLE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 AIM THREE: Drlvlng excellence. Innovation and change through leader5hlp Objectlves Collaborate with other organisatlons Highly skilled and qualified workforce that is agile and ready for change Ensure information and technological infrastructure meet the organisational needs Connect our people systems and services with best HWAdmin practise To be a robust steward of financial resources Consolidat8 govèrnance and strategic leadership To become the employer of choice in the sector Raise the MACS brand and profilè Maintain award winning stalus through the organisation Centre for excellence for professional student placements Outcomes Supporting People Quality Monitoring Tool standards met Shortlisted finalists for the Children and Young People Awards 2023 In catagories - Supporting Child Refugees and Youth Justice Partnered with Habilat for Humanity on their House lo Home Programme. RQIA standards met for all Housing Services Health and Social Care standards met in all Housing Services. Maintained our regislration with the Northern Ireland Charlty Commlsslon Maintained Investors in People Gold Standard Maintained partnership with Every Youth Implemented new cyber security systems Implernented new safeguarding systems Income secured to maintain core services Complied with GDPR requirements Developed a partnership with the Ki8r Group who have donated time, labour and finan to provide children and young peoplè wlth comfortable and welcoming environments to live and visit. Recruited new members for the Board of Directors Board of Directors governanca training completed Reviewed financial syslems and outsourced some financial roles, Commenc8d discussions with Llamau regarding pilotlng Upstream In Northern Ireland. Developed a new partnership with the Nalional Children's Bureau. Completed 65 crUItMent drives. Lobbied and secured funding increases to provide staff with salary uplifts 2 students who had placements In MACS have become full time stsff. Secured core contracts for Shared Tenancies and Prison's Outreach. Invested £33,000 in staff training including specialisms Represented young people providers in the Regional Thematic Group for young people. One staff member was sueSsful in their application to the Open University Social Work course. Delivered a fundraislng Sleep Out event with over 100 participants
MACS SUPPORTING CHILDREN & YOUNG PEOPLE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 AIM FOUR: PROTECT A CULTURE OF COMPASSION. INCLUSION AND RESPECT Values will be at the forefront of Servi delivery To maintain a compassionate and respedtul Workfor that supports and nurtures all staff Working on each other strengths and encouraging leadership capabilities OUTCOMES: Implemented new Organisational Strategi¢ Plan 2020-2024 Completed all recommendations from Investor in People Gold MACS Health and Culture group continued to meet bi-monthly and complet8d objectives on their annual action plan. Commenced organisational restructure based on stratégic need Completed all recommendatlons from Investors in People Gold Ten members of staff took on additional duties and four moved into acting up positions Three staff members completed a 90 mile 4 day walk to raise funds and awareness of youth homelessness. Publlc Baneflt Statèmont Purpose 1: "To provide a support servlc8 to young people with houslng Issues, enabling them to 8Stablish and sustain suitable a¢¢ommodation of their own and to provide supported houslng to those in need of such arrangements which support their transition to their own tenancy," The direct benefits which flow from this purpose are that young people are able to access and maintain suitable accommodation therefore reducing homelessness and risk of 8ViCtlon. The Supported Housing Service and Floating Support Service provide a casework based support Model, which enables young people to identify their own support needs in order to assist them to maintain their accommodation. MACS uses a bespoke outcome monitoring system 'SPIN' to analyse 20 key areas of support which fil under the five higher level areas of; economic well-being, enjoy and achieve, be healthy, stay safe and make a positive contribution. MACS also complete annual service review5 which include 1-1 feedback, group workshops and exit questionnaires with young peoplè leaving the services. This purpose does not give rise lo any harm. The beneficiaries of this purpose are vulnerable young people aged 16 to 25 years who are at risk due to homelessness, family breakdown or a care history and are living in the Belfast, Southern and South Eastern H6alth Trust areas of Northern Ireland. There are no private b8n8flts to trustees, Purpose 2. To provide 8 one to one mentoring service to young people, empowering th8 young person to make choices and encouraging them to realise their potential". The direci benefits which flow from this purpose include a reduction in isolatlon and improved mental health. reduction in self harm and suicidal ideation. increased confidence and self-esteem, and improved coping strategies. Mentoring enables young peopl8 lo have the chance to live, dream and succeed with inspiration from volunteers who choose to spend lime Wlth them. MACS uses a bespoke outcome monitoring system 'SPIN' to analys8 20 key areas of support which fit under the five higher level areas of,. economic well-being, enjoy and achieve, be healthy, stay safe and make a positive contribution. MACS also complete annual service reviews which include 1-1 feedback, group workshops and exit questionnaires with young people leaving the services. This purpose does not give rise to any hami. The beneficiaries of this purpose are vulnerable young people aged 11-25 who are at risk due to suicidal ide8tion, sèlf-harm and mental health issues and are living in the Belfast and South Eastem Health Trust areas. There are no private benefits to trustees. Purpose 3 "To provide interventions to enable increased safety, confidence and self-esleem amongst young people, to relieve financial hardship by the provision of welfare rights, employment and money management advice and provide support to young people to progress into education, employment and training" The direct benefits whlch flow from this purpose Include improved outcomes in relation to young people accessing, participating and completing training prografflmes and securing and maintaining employment. Young people remain safe and increase their 5elfosleem and confidence through peer support and alternative personal developrnent int8rventions.
MACS SUPPORTING CHILDREN & YOUNG PEOPLE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 MACS uses a bespoke outcome rnonitoring system 'SPIN' to analyse 20 k8y areas of sUPPOrt which rrt under the five higher level areas of., economic well-being, enjoy and achieve, be healthy, stay safe and rnake a positive contribution. MACS also complete annual service reviews which include 1-1 feedback, group workshops and exit questionnaires wlth young people leaving the services. This purpose does not give rise lo any hami. The beneficiaries of this purpose are vulnerable young people aged 16 to 25 who are vulnerable and at risk and living in the Belfast, Southern and South Eastèrn Heallh Trust areas of Northern Ireland. There are no private benefits to trustees. New Developments The Tnjslees recognize the challenglng times facing th8 voluntary sector. We have seen a deepening cost of living crlsis adversely affect our young people and staff, as food, housing and fuel prices have risen sharply. Desplte this MACS services have continued to grow and deliver positive outcomes for young people. In the next yèar MACS will focus on consolidating Services and buildlng new opportunilies.. Build on the success of Shared Tenancies and explore opportunities for expanslon. Build on the success of the Prison Resettlement Service. Remodel our Integrated Housing and Floaling Support Services. Pilot Upstream - an early inlervenlion homeless prevention mod81 In partnership wlth Llamau. Develop a new strategic plan for 2024-2028. Continue with the r8structuro of the organisation with a focus on the S8nlor Leadership Team. Invest in digital and mobile technologies lo enhance seNice delivery, Pilot outsourcing finance support. Commence the developmenl of a rsew communicatlon and fundraising strategy. Reserves Policy MACS Supporting Young People would experienc8 financial difficulties if its incorne dropped suddenly or was to run in the future at a levèl conslderably lower than today. If the fall were of a temporary nature caused by a delay in reviewing conlraclual arrangements, then reserves would be needed to cover the income lost during the temporary period. In determining tha level of reselves required, it is necessary to assess how long it would take to wind up MACS and the cost to run it during this period, assuming a major fall in its level of income such that it no longer remalned viable lo continue to operate. Allowance would also need to be made for 18rmlnallon costs such as redundancy and early settlement of18ases and any legal and other professlonal fees arislng durlng thls process. In line with guidance issued by the Charity Commisslon, it would appear prudent to set aslde r8serves representing approximately three months. income or a figure of £400,000 (whichever Is smaller) which should be adjusted each year to allow for both inflation and any major increase in running costs. The actual unrestricted reserves at the year-end were £899,047. The Trustees will closely monitor this 51tuation each year. Flnanclal revlew The results for the year are set out on page 12 to the attached financial statements along with the total funds at the year end. structure, governance and management The charity is a company limited by guarantee, not for profit and not having a share capilal, govemed by its Memorandum and Articles of Association dated 11th February 2021. It is a company incorporated under the Companies Act 2006. The company is a charity recognised by the Commissioner5 of Revenue and Customs (No XR130601. MACS completed registration wilh Northem Ireland Charity Commission on the 251h November 2014 (NIC100923). The Charity is managed by the Senior Management Team and is under the control of the Board of Trustees. The daY-trdaY running of the charity is carried out by Kate Martin {Chi8f Executive Officer).
MACS SUPPORTING CHILDREN & YOUNG PEOPLE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financlal statements were.. Ms Joyce Agnew (Resigned 13 September 2023) Mr Conor Coughlin (Resigned 1 September 20231 Mr Michael Dawson (Appointed 9 March 2023) Mrs Ligouri Dobbin Mr Stephan Green MrAlbert Hamilton Ms Laura-Le8 Harbinson Ms Andrea Mccooke Ms Sandra McKillop Mr John Meikleharn Mr Gary Mills MS Aideen O'Neill Ms Margaret Bryson Mr Brian Mccomiick Mr Martln M8ek Mr Barry Smyth Ms Karen Mccorry MrAndrew Tubman (Appointed 3 December 20221 (Appointed 5 May 2022) (Appointed 3 Dember 20221 (Appointed 3 Decèmber 20221 (Appointed 3 December 20221 (Appointed 11 March 2023 and resigned 13 June 2023) (Resigned 6 March 2023) IReslgn8d 3 Dec8mb8r 2022) (Resigned 3 December 20221 (Appointed 5 May 20221 (Appointed 16 November 2023) Statement of tru8te8s' rèsponsibiliti08 The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected lo prepare the financial statements in accordance with Unlted Kingdom Generally Apted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. The financial statements are required by law to give a true and falr view of the state of affairs of the company and of the proflt or loss of the company for that Period. In preparing these financial statements, th8 trustses are required to: select suitable accounllng policies and then apply them consistently,, make judgements and estimates that are reasonable and prudent; prepare the firbancial statements on the going concern basis unless It is inappropriate to presume that the charity will contlnue its activities. The trustees ar8 responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ststement as to disclosure of Informatlon to auditors In so far as the trustees are aware., there is no relevant audil information of which the charity's auditors are unaware and the trustees have taken all reasonable steps that Ihey ought io make themselves aware of any relevant audit information and to establish thal the auditors are aware of that information. Auditor Harbinson Mulholland, have completed their first audit in a three year agreement 202>2025. The above report has been prepared in accordance with the special provision of Part 15 of the Companies Act 2006 lating to small companies.
MACS SUPPORTING CHILDREN & YOUNG PEOPLE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The trustees, report was approved by the Board of Trustees. Mr Stephen Green Chair of Finance and Audit Comrnittee Trustee Data:
MACS SUPPORTING CHILDREN & YOUNG PEOPLE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MACS SUPPORTING CHILDREN & YOUNG PEOPLE Opinion We have audited the financial statements of MACS Supporting Children & YoLJng People (the 'charity') for the year ended 31 March 2023 whiGh comprise the statement of financial activities, the stalement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has beén applied in their preparation Is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ir8land (United Kingdom Generally Accepted Accounting Practice). In our opinlon, the financlal statements.. give a true and fair view of the state of the charitable CoMpanS affairs as at 31 March 2023 and of its Incoming resources and application of resources, for the year then ended., have been properly pPared in accordancè with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance wlth the requirements of the Companies Act 2006. Ba818 for oplnlon W8 conducted our audlt in accordance with Internalional Slandards on Auditing IUKI IISAS IUKI) and applicable law. Our responslbilities under those stsndards ar8 further described In the Auditors responsibilities for the audit of th8 financial statements section of our report. We a independent of the Charlty In accordanGe with th8 8lhical requirements that are relevant to our audit of the financial statement5 in the UK, inGluding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe thal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to golng concern In auditing the financial slatemenls, we hav8 concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertaintias relating to events or conditions that, individually or collectively, may cast signlficant doubt on the charity's ability to continue as a going concern for a period of at18ast twelve monlhs from when the financial statements are authorised for Issu8. Our responsibilities and the r8sponsibilitie8 of the trustees with respect golng concern are descrlbed in the relevant secllons of thls report, Other Informatlon The other information comprises the information included in the annual report other than the financial statements and our audilols report thereon. The trustees are responsible for the other information contained within the annual r8POrt. Our opinion on the financial statements does not cover the other informatSon and we do not express any form of 8ssurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information Is materially inconsistent with the financial statements or our knowledgè obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material Inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a materi81 misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this olhgr information, we are required to report that fact. We have nothing to report in this regard. Matters on whleh we arè requlred to report by èxception We have nothing to report in respect of the following matters in relation to which the Charilies (Accounts and Reports) Regulations 2008 require us to report to you if. in our opinion.. the information given in Ihe financial slaternents is inconsistent In any material respect with the trustees, report", or sufficient accounting records have not been kept,. or the financial slalements are not in agreement with the accounting records.. or we have not received all the information and explanations we require for our audit.
MACS SUPPORTING CHILDREN & YOUNG PEOPLE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MACS SUPPORTING CHILDREN & YOUNG PEOPLE Responsibilities of trustees As explained fflore fully in the statement of trustees. responsibllltles, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such Internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's abllity to continue as a going concern, disclosing. as applicable, matters related to going concern and using the going concem basls of accounting unless the trustees either intend to liquidate the charitable company Dr to cease operations, or have no realistlc alternative but to do so. Audltorfs responslblllties for tho audlt of the financlal stataments We have been appointed as audltor under section 144 of the Charities Ad 2008 and report In accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Rèasonable assuranc8 is a high level of assuranc8 but is not a guarantee that an audit conducled in accordance with ISAS (UK) will always detect a material mlsslatement when it exlsts. Misstatemenls can arls6 from fraud or error and are conslder8d material if, individually or In the aggr8gat8, they could reasonably bè expected to influenGe the economlc decisions of users taken on the basls of these financial statements. Irregularities. includlng fraud, are instsnces of non-complian with laws and regulations. We design procedures In line with our responsibilities, outlined above, lo detect material mlsstatements In respect of irregularities, including fraud. The extent to which our procedures 8re capable of datecting irregularities, Including fraud, is detailed below.
MACS SUPPORTING CHILDREN & YOUNG PEOPLE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MACS SUPPORTING CHILDREN & YOUNG PEOPLE Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: the engagement partner ensured that the engagement team collectively had the appropriate cornpeten, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations., we identified the laws and regulations applicable to the company through discussions with directors andlor senior management, and from our commercial knowledge and experience of the sector; We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including Companies Act 2006, taxation legislation, data protection, anti-bribery. employment, environmental and health and safety legislation we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audlt. We assessed the susceptibility of the company's financial statements to material misstatement, including obtainlng an understanding of how fraud might occur, by: making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud.. and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; To address the risk of fraud through management bias and override of controls, we: performed analyts'cal procedures to identify any unusual or unexpected relationships., tested joumal entries to identify unusual transactions., assessed whether judgements and assumptions made in detemiining the accounting ests'mates set out in Note 2 were indicative of potential bias-, and investigated the rationale behind significant or unusual transactions; In response to the rlsk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not Simited to.. agreeing financial statement disclosures to underlying supportlng documentation; reading the minutes of meetings of those charged with governance; enquiring of management as to actual and potential litigation and claims,. and reviewing correspondence with HMRC and the company's legal advisors; 10
MACS SUPPORTING CHILDREN & YOUNG PEOPLE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MACS SUPPORTING CHILDREN & YOUNG PEOPLE Use of our report This report is made solely to the company's members, as a body, in accordanc8 With section 391 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an audito¢s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions w8 have formed. Angela Craigan (Senlor Statutory Audltor for and on behalf of Harblnson Mulholland Chartered Accountants Statutory Audltor (90 Iix IA3 Centrepoint 24 Ormeau Avenue Belfast Co. Antrim Northern Ireland BT2 8HS 11
MACS SUPPORTING CHILDREN & YOUNG PEOPLE STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestrfcted Restrlcted Revaluatlon fund8 funds r8serve 2023 2023 Totsl Total 2023 2023 2022 Notès Income from: Donations and legacles Charitable activities Other trading activities Investments 2.713,806 2,713.806 218,706 69.994 2.691,608 200,991 28,462 13 218,706 69,994 Totsl Income 288,700 2,713,806 3,002,506 2,921,074 onditure on: Charitable activities 216,777 2,834,306 3,051,083 3,202,825 Net Incomlngl{outgolng) resources before Iransfers 71,923 (120,500) (48,577) {281,7511 Gross transfers between funds 197,291) 129,523 132.232) Net {outgoing)Ilncomlng re80urces 125.368) 9,023 132,2321 {48,577) 1281,751 } Other rocognlsed galns and Ios8es Rèvaluation of tangibl8 fixed assets 101,349 101,349 32,232 Not movement In funds (25,368) 9,023 69,117 52,772 (249,5191 Fund balan¢8s at 1 April 2022 924,415 58,386 32,232 1,015,033 1,264,552 Fund balances at 31 March 2023 899,047 67,409 101,349 1,067,805 1,015,033 The statement of financlal activities includes all galns and losses recognised in the year. All income and expenditur8 d8rive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account undèr the Companies Act 2006. 12-
MACS SUPPORTING CHILDREN & YOUNG PEOPLE STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2023 2023 2022 Notss Flxed assets Tangible assets 11 363,447 762,201 Currnnt assets Debtors Cash at bank and in hand 12 43,583 799,601 35,614 700,974 843,184 736,588 Credttors: amounts falllng due withln onè yaar 13 1138,826) 1234.1971 Net Curn1 assets 704,358 502,391 Total as80ts1088 ¢urr•nt Ilabllttlos 1,067,805 1,264,592 Credltors: amounts falllng duo after more than one year 14 (249,559) Net a88ets 1,067,805 1,015,033 Capltal funds Endowm8nl funds Gèneral endowment funds Revaluatlon reseNe 101,349 32,232 101,349 32,232 Income funds Restricted funds Unrestricted funds - general 16 67,409 899,047 58,387 924,414 1.067,805 1,015,033 13-
MACS SUPPORTING CHILDREN & YOUNG PEOPLE STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2023 The company is enlitled to thé exemption from the audit requirement contained in section 477 of the Companies Act 2006, for Ihe year ended 31 March 2023. although an audlt has been carried out under sectlon 65 of the Charlties Act (Nl) 2008 . The dlrectors acknowledge their responsibillties for complying with the requirements of the Companiès Act 2006 with respect to accounting records and the preparallon of financial statements. The members have not required thè company to obtain an audit of its financial statements under the requlrements of the Companies Act 2006, for the year in question in accordance with section 476. These fin8n¢lal statements have bè8n prepared in a¢¢ordance with the provlsions appllcable to Companles subject to the small companies reglme. The finandal statements were approved by th8 Trustees on .. Mr Stephen Green Trustèe Company reglstratlon number NIIM4482 14-
MACS SUPPORTING CHILDREN & YOUNG PEOPLE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notes Cash flows from operatlng actlvitles Cash absorbed by operations 19 (92,728) (451,561) Investlng actlvfties Purchase of tsngiblè fixed assets Proceeds from dlsposal of tangible fixed assets Investment income CeIVed 17,280) 460.000 13 Net cash generated froml(usgd In) Invostlng actlvltles 460,000 (7,267) Flnanclng actlvlti08 Proceeds from borrowings Repayment of bank loans (7,7941 1268,645) Net ¢a8h usod In flnanclng actlvltles {268,645) 17,794) Not InGreasg1(decrease) In Cash and ca8h equlvalonts 98,627 1466,622) Cash and cash equivalents at beginnlng of year 700,974 1,167.596 Cash and cash equlvalents at end of y•ar 799,601 700,974 15-
MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng policies Charlty Informatlon MACS Supporting Children & Young People is a private company limited by guarantee incorporated in Northèm Ireland. Th8 registered Offi is 303 Omeau Road, B8lfasL BT7 3GG. 1.1 Accountlng conventlon The financial slatemenls have been prepared in accordance with the charity's Igoveming document], the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102.) and the Charilies SORP "Accounting and Reporting by Charilies.. Statement of Recommended Practice applicable lo charities preparing their accounts in aecordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. (effective 1 January 20191. The Charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prépared in sterling, which is the functional currency of the charity. Monelary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the hlstorlcal cost Convention, modlfled to include the revaluation of freehold properties and lo include investment propertles and certaln financial Instruments al falr valua. The principal accounting policies adopted are set out below. 1.2 Golng concarn At the time of approving the financlal statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existen for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of 8ccounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the dlscretion of the trustees In furtherance of their charitsble objectives. Restricted funds are subject to spe¢ifl¢ conditions by donors as to how they may b8 used, The purp)ses and uses of the restrl¢ted funds are s8t out in the not8S to the flnanclal statements. Endowment funds are subject lo specific conditions by donors that the capitsl must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally enlilled to it after any performan conditions have been met, the amounts can be measured reliably, and it is probable that income will be recelved. Cash donations are recognised on rec8lPt. other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverabl8 In relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or othe188 if the charity has beèn notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a conlingent assèl. 16-
MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng policies Icontlnued) 1.5 Expgndlturè Expenditure is recognised once there is a legal or constructive obligatlon to transfer economic benefit to a third party, it is probable thal a transfer of economic beneffts will be requlred in settlement, and the amount of the obligatlon can be measured reliably. Expenditure is classified by activity. The costs of each activity are mad8 up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct Gosts attrlbutable lo a single activity are allocated directly to that activity. Shared costs which contribut8 to more than one activlty and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent wlth the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on thè portion of the asset's use. 1.6 Tanglblè flxod assets Tangible fixed assets are inltlally measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment lasses, Depreciation is recognised so as to wrlta off th8 Cost or valuation of assets less their residual valu8s over their useful lives on the following bases.. Flxlures and fittings Computers 330/0 Stralght Ilne 33% The gain or loss arlsing on the disposal of an asset is determlned as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impalmient of flxed assets At each rèportlng end date, the charity reviews the carrying amounts of Its tangible assels to det8miln8 whether there Is any indication that those assets have suffered an Impairment loss. If any such indication exists, the COVerable amount of the asset is estimated in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equlvalonts Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-temi liquld investments with original maturities of three months or less. and b8nk ov8rdrafts. Bank overdrafts are shown within borrowSngs in current liabilities. 1.9 Flnanclal instruments The charity has elected to apply tha provisions of Section 11 'Basic Financi81 Instrurnents, and Section 12 'Other Financial Instruments15sues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charftVs 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 sel 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 c05t using the effective InteSt 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 re1vable within one year are not amortised. 17-
MACS SUPPORTING CHILDREN &YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcle$ (Contlnued> Baslc flnanclal Ilabllltl•s Basic financial liabilities, including creditors and bank loans are initially reGognis8d at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a market rate of interest. Financial liabillties classified as payable within one year are not amortlsed. Debt instruments are subs8quently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations lo pay for goods or services that have been acquired In the ordinary coursè of operations from suppllers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are prèsented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortlsed cost using the èffective interest method. Dwecognltlon of flnanclal Ilabilltles Flnancial liabilltles arè d8recognised when the charlty's contractual obllgatlons 8xpire or are dlscharged or canlled. 1.10 Employee beneflts Th8 Cost of any unused hollday entillemenl is recognised In the period in whlch th8 ernployee's services ar8 received. Termination benefits are recognlsed immediately as an 8xpense when the charity is demonstrably committed to terminate the employment of an employée or to provide termination benefils. 1.11 Retlrement beneflts Payments to deflned conlributlon retirement benefit schemes are Charged as an axpense as th8y fall due. Crltlcal accountlng estimates and Judgemonts In the application of the charity's accountlng policies, the trustees are quIffjd to make judgements, estlmates and assumptions about the carrying aTnount of assets and liabilitie5 that are not readily apparent from other sources. The estimates and associated a5sumptlons are based on hislorlcal experience and other factors that ar8 considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. R8visions 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 vIsion affects both current and future periods. Donatlons and legacles Restrlctèd Restrlcted funds funds 2023 2022 Grant Income 2,713.806 2,691,608 18-
MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donations and legacles (Contlnued) Grants recelvable for Corè acllvttlos Children In Need NIHE- Supporting People SLA Public Health Agency Big Lottery Southem Trust South Eastem Trust Belfast Trust other 11,333 1,874.052 114,020 42,000 1,579.362 122,083 79,454 100,949 242,173 305,152 220,435 90,072 286,000 273,555 64.774 2.713,806 2,691,608 Charltable actlvftl•8 Unrestrlcted Unrestrlcled Fund8 Funds 2023 2022 Rental income MACS fundralsing actlviti8S 149,094 69,612 164,319 36,672 218,706 200,991 Other tradlng actlvltles Unrostrlcted Unrestrlcted funds funds 2023 2022 Other income 69,994 28,462 Investments Total Unrestrlctèd funds 2022 2023 Bank interest receivable 13 19-
MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltable activltles Total 2023 Total 2022 Staff costs Depreciation and impalmient Establishment Costs Staff expenses & travel Redundancy C¢YSts Legal & professional fees Communications and IT Audit Fees Other office 8xpense8 Staff training Memberships and subscriptlons Interest payable and simllar charges Fundraising activities Activlty and resldentlal 2,260,140 2,377,730 40,103 40,104 367.425 367,986 41,896 53.023 84,648 28,508 52,719 4,770 28,253 706 2,447 12,560 38,233 111,138 93,720 29,176 4,800 23,857 33,718 2,904 1,459 13,848 138,037 3,051,083 3.202,825 3,051,083 3,202,825 Analysls by fund Unrestrlded funds - general Restrl¢t8d funds 216,777 293,558 2,834,306 2.909,267 3.051,083 3,202,825 Trustoes Sales withln charitable activities Employ8 The average monthly numbar of employees durlng the year was.. 2023 Number 2022 Numbèr Staff 93 86 -20-
MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Employees (Contlnued) Employment costs 2023 2022 Wages and salaries Other pension costs 2,198,012 62,128 2.302,303 75,427 2,260,140 2,377.730 The femuneration of key manag8m8nl personnel in the year was £184,207 (2022.. £143,780). The key management personnel of the Charity comprises of 4 members of staff {2022: 41.. the Interlm CEO. Corporate Services Manager and Iwo Service Managers. There were no employees whose annual ramuneration was more than £60,000. 10 Taxation The charity 15 exempt from tax on income and gain5 falllng within section 505 of the Taxes Act 1988 or section 252 of the Taxatlon of Chargeable Gains Act 1992 to the extent that these are applled to Its charitable objects. 11 Tanglble flxgd as88t8 Frvhold land Flxtur•s Jnd and bulldlng• flttlngs Computsrn Total Cost Al 1 April 2022 Disposals Revaluatlon 693,651 (460,000) 101,349 156,664 130,016 980.331 (460,000) 101,349 At 31 March 2023 335,000 156,664 130,016 621,680 Depreclatlon and Impalrmont At 1 April 2022 Depreclatlon charged In the year 108.567 28,446 109,563 11.657 218,130 40,103 At 31 March 2023 137,013 121,220 258,233 Carrylng amount At 31 March 2023 335,000 19,651 8,796 363,447 At 31 March 2022 693,651 48,097 20,453 762,201 12 Debtors 2023 2022 Amounts falling due withln one year: Prepayments and accrued income 43,583 35,614 21
MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 13 Creditors: amounts falling due wlthln one yaar 2023 2022 Bank loans Other taxation and social security Trade creditors Other crèditors Accruals and deferred income 15 19,086 14,154 144,863 8,617 47,477 91.181 5,085 42,560 138,826 234,197 14 Credltors: amounts falllng duè aftar moro than on• year 2023 2022 Notes Bank loans 15 249,559 15 Loans and overdrafts 2023 2022 Bank loans 268,645 Payable within one year Payable after one year 19,086 249.559
MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 Restricted fund8 The Income fund5 Of the charity include restricted funds comprlsing the following unexpended balances of donations and grants held on trust for specific purposes: Movement In funds Incomlng R•sour¢•$ regources •xpgnd•d Balance at 1 Aprfl 2022 TranJfèr• Balane• at 31 klarch 2023 Belfast Trust income Children In Need COVID Recognition Payment Flxed Asset Reserve NIHE Social Innovatlon Fund other Income PHA RBS South Eastem Trust Southern Trust SP PIF Fund Supportlng People SLA 273,555 11,333 27.035 (302,313) 115,5921 131,3361 (11,6561 (6,3221 28,758 4,259 4,301 50,986 6,322 (21,0781 39,330 21,078 4,435 114,020 {118,4551 32,100 117,6171 286,000 {336,3851 90,072 1114,940) 5,637 15.637) 1,874,052 {1.874,052) 13,596 28,079 50.385 24,868 58,386 2,713,804 (2.834,305) 129,524 67,409 17 Events after tho reportlng dato There have been no mat8r181 events, ¢xcurrlng after the reporting date that require adjustments to or disclosure In the financial ststsments. 18 Rolated party transactlons There were no disc105able related party transactions during the year12022 - none). 19 Cash gènerated from operatlons 2023 2022 Surplusl{deficitl for the year (48,577) (281,751) Adjustments for: Investment income recognised in statèment of financial artivities Depreciatlon and impairment of tangible fixed assets {13) 40,104 40,103 Movements in working capital.. (Increase) in debtors (Decreasellincrease In creditors (7,969) 176.285) {35,614) 215,111 Cash absorbed by operations (92.728) 162,163) 23-
MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 20 Analysi8 Of Ghanges In net funds At 1 Aprfl 1022 Cash flow¥At 31 March 2023 Cash at bank and in hand 700.974 98,627 799,601 Loans falling due withln one year Loans falling duè after more than ona year {19,086) (249,5591 19,088 249,559 432,329 367.272 799,601 -24-