MACS SUPPORTING CHILDREN & YOUNG PEOPLE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unr•slrictéd funds 2024 R•slrict•d Rèvaluation funds 2024 Total Total reser¥e 2024 2024 2023 14otOS Income from: Donations and legacies Charitable a¢b"vities Other trading aCtIv￿e$ 2 723.731 300 15.882 2.723.731 461,894 21.292 2.713.806 218,706 69,994 461,594 5.410 Total income 467,M4 2 739.913 3,206,917 3,(X)2,506 Expenditure on.. Charrtablg ￿"Y￿eS 498.142 2 769.954 3,268.096 3,051,083 Not outgolng rèsour￿$ bèforè transf•rs {31.1381 (30.0411 {61,179} 148.5171 Gros5 transfets between furKIs 101,349 1101,3491 Net incominglloutgoing) resources 70.211 {30.0411 (101,3491 (61,179} 148,5771 other recognised gains and losse5 Revaluation of tangible fixed asse15 101,349 Net movement In funds 70.211 {30.0411 (101,3491 161,179} 52.772 Fund balan￿5 at 1 April 2023 899,047 67,409 101.349 1,061,805 1,015,033 Fund balances at 31 March 2024 969.258 37.368 1,006.626 1,067,805 The statement of finanual actNilies includes all gains and losses rec￿lsed in Ihe year. The statement of financial activities includes all gains and losses rec(wised in 1he year. All income expend((ure derive frorn conrinuing ￿tl￿tIeS The stalernent of financial acliviti85 also cornplies with the r8quirelr￿ts for an incotn8 3nd 8xpenditure accoiJnl under the Companies Ad 2006. 14- MACS SUPPORTING CHILDREN & YOUNG PEOPLE STATEMENT OF FINANCIAL POSITION AS A T 31 AIARCH 2024 2024 2023 Notes Flxed assels Tangible assets 10 350.417 363,447 Current assets Debtors Cash at bank and in haThJ 11 36,838 877.315 43,583 799,fj01 914.153 843,184 Creditors: aMo￿ts lalling due within one yoar 12 {257.9441 (138,8261 Net current ass•ts 656.209 704,358 Total a55ets less curTrnt liabililie5 1,006,626 1.067,805 The lund5 of the charity Endowmentfijnds Restn"cled income lunds Unrèstricted funds 101,349 67,409 899,(M7 14 15 37,368 969,258 1.006.626 1,067,805 The cornpany is entl￿ed to the exemptm trotn the a￿111 iequiremerrt Cx)nta￿ed in 5e(Xion 477 01 the Comparbie5 Act 2006, for ihe year ended 31 March 2024. The directoTr ackn￿￿jge their responsixltlies for c￿nplyI￿j wth the requirernents of the Companie5 Act 2(K)6 with respect to accounb'ng records and the preparation of financial slatemenls. The members hav6 not required the cclnp￿Y to obtai) an audit ol its financial State￿￿nIS under the ￿quIrementS ol the Cotnpanie5 Act 2006, for the yin question in accordance wth s￿li0n 476. Th&s8 financial ststèments have prepared in accordan￿ with th9 provisions applicab19 to ¢ornpanies subj&d to the small cornpanies regirTE. The financial ststements were approved by the truslees cffi 11 Decanber 2024 Ir Steph8n Gr88n Trusts• Company registration number N1044482 (Northern I￿land> 15- MACS SUPPORTING CHILDREN & YOUNG PEOPLE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating activities Cash generated fromllabsorbed byl operalions 18 85.850 192,7281 Investing aGtivities Purchase ol tangible fixed assets Proceeds from disposal of tsngible fixed assets {8.1361 460.000 Nel ¢a$h {LKs¢d InVgen¢rat¢d fr4m Inv¢$tSny a¢tlvOII¢$ {8.1361 460,COO Financing activities Repayment of bank loar (268,6451 Net cash used in financing actibilies 1268,fA51 Net Increase In cash and cash equlvalents 77.714 98.627 Cash aiid cash equivalents at beginnirwJ of year 799,601 700,974 Cash and cash equivalents at end of ye 877.315 799,601 16- MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng poIi¢itr$ Chority Information MACS Supportir¥J Children & Y¢xJng People is 8 F¥iV8te company limited by gu¥antee ineorp(*ated in N￿thtrM Ireland. The registered offi{* is 303 Onneau Road, Bewasl, 8T7 3GG. 1.1 Accounting convention Th8 finanaal statements hav8 been prepared in accordanc8 I￿th the tharitys gov8ming docurnent, the Companies Act 2006, FRS 102'The Finanual Repoth"ng Standard awl￿ble in 1he UK and Republic of Ireland. and the Charities SORP "Accounting and ReFQrting by tharities". Statement of Recommen(led Practi￿ applicable lo charities preparing their accounts in accordance wtth the Financial Reporting Standard applrable in the UK and RepUl￿1C of Ireland IFRS 1021". The charity is a Pubk'c Ben&fil Entity as defin8d by FRS 102. The finanoal statemenls are ryep3￿ li slertiro, which is the f￿#￿al ujrrew olthe d)arity. Monetary amounts in th8$0 ffinancial $18lem&nts rounded l01he ne8ttrsl £. The linanoal statements have be￿ prepared underthe historical cost conve*ts"on, mixlified to Include the revaluation ol freehold properties and to include investment PlOFert'es certain ￿￿cIal inslruments at lair value. The principal accounting w)licies adopted are set oul below. 1.2 Going CO￿￿M At the time of approving the financial slatements. the twstees have a reasonable ex[￿Otation that the charity has adequate resDurees to conb.nue In operaiional exislenc* tor the foreseeable future. Thus the trustees cx)nlnue to adopt th8 going C£>ncem basis of 8¢xtsuntiny in prep8ring th8 fin8n¢ial stalwnents. 1.3 Charilable funds Unrestricted funds are available for use at the discretion of Ihe tnjstees in furtheran￿ of Iheir tharitable objectives. ReStr￿ted funds are S￿"e(l to S￿￿condItK￿s by donors or gr￿lor5 HS to h¢)w IW rnay be used. The purposes and uses of the restrKted funds are set out in ihe notes io the fmanual staiements. Endowment funts are siW1 to speriffic (￿ndIt￿ by ¢Jonors thai the capi￿1 musl be rnafjntained by the charfly. 1.4 Incorne Incofflg is recognised whèn the charty is legally èntitled to il after any p￿￿rMancE conditions have been mel. tha •JfTivuiiib ￿rI L¥J 'ii¢i4surtxl i¥liiiLply. il i¥ p￿0￿1¥ Ili•Jl lilwii￿ will r￿￿1VE￿I. Cash donaiions are re¢ogni$ed on receipt. Other sI oi Val￿110n ol as*Ls klss Ilwir rfj)sidual valu8S ()V8r 11i8ir usÉful lives on 1he following bases: Fixturés arKI fiitings Comp(Jters 33% straight line 33% The gain or loss arising on the disposal ol an assel is detemiined as the differerKe between Ihe sale proceeds and the carrying value ol the asset. is recx)gnised in the statement of ffinancial acb¥ities. 1.7 Impalmiènt of fix8d ass•ts At &a¢h reporting end dale, Ihe ¢harity reviews ¢arrying 8rnounis of its iangible ass&1S to determine whether ther is any indication that those assets have suffered an irnpairment loss. If any suth indcation exisis. ihe re￿Verable amount ol the asset is estimated in order to determine 1he exlent of impaiment loss {rf anyj. 1.8 Cash and Gash equivalents Cash and cash equivalents Include cash in hand, deposits hdd at call with banks, other short-term liquid investments wtth original maturrties ol three months less. and bank ov￿ra￿S. Bank overdrafts are shown wthin buffowings in current liabilth"es. 1.9 Flnanelal instrum•nts The d)arity has elected to apply the profflsions of Section 11 '8asic Finanual Instruments, and Section 12'0ther Financial Inslrurnents Issues. of FRS 102 to all of rts ffinancial in*ruments. Financial instrurnents r￿￿ISed in the tharity"'s balance il*et when the tharity becomes party to o)ntractual proyislons of the instnjftwt. Financial assets and liabilrties are offsel, vrith Ihe net amounts presenled in the financial statemenls, when there is a legally FJnfor¢eable nghl to set off th& rSwgnis￿ ￿K){Ints and thore is an intention to sdtltr on a n&1 basis or to r&81is the asset and settle the liablity Simultaneously. 835ic financial assets Basicffinancial assets, Nvhich i￿lUde debl(Ks and cash and bar)k balances. *e initially me8sured at transaction price induding transaction costs and are subwwently carried al amorbsed ccBt using the effective interest method unless thè arrangement constitutes a financing transaction. Whe￿ the transaction is rneasured at the present value of ihe fvlure re¢eipts discounted al a market rate of interast. Finan¢k31 assets ¢lasstfigd as rg¢eiv8t>le wtthin ong year are not amorti5ed. 18- MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (co￿lNUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting poli¢i•s Icontinutdl 8a81¢ finJn¢i41 liabilities Basi¢fin8ncial liabilities. Ir￿lUdIng creditor5 and bank loans are iNts"aly recc¥JThsed at tr￿0￿.?n Pri￿ unless the arrangement constitutes a financing tranS￿tiOn. *here the debt inslrumenl is measured al Ihe present value ol the future payments discounted at a market rate of interest Financial liabilth.es cla￿tied as payable wIt￿"n one year are not amothse(l. Debt inslnjments are subsequently G￿led at am(M11g￿ cosL using the effective interest rate method. Trade creditors are obligations io pay for goods or services that have been acquir& in the ordinary course of operations from suppliers. Arnounts paiable are cL3ssified as current liabilities if payment is due within Dne year or less. If not. they are presented as non-ojrrent h"abililies. Trade ¢re¢itors are wognised Initially at transaction price and subsequenuy measured at aMOrbs￿ cost using the effective interest mettKKI. D6rncognltlon of Ilnanclal Ilabllttlas Financial 1th.1￿.eS are derecogni5ed when the cherity's contra(*ual obl•Jations expire or are discharged or cancelled. 1.10 Employee bene)lts Th8 cost of any unus8d FKAiday 8ntit18Th8nt is r8cognis8d in th8 P8fKMI in which Ihe 8mpltsyee's s8rvTrc8s afy rEc8iV8d. TerminatTon benefits a￿ recognrsed immediately as an expense when Ihe charity is demonstrably cO￿ltted to terminate th8 ernployTnenl of an ernployg& or to prDvide lermination bgnofits. 1.11 Retirement benefits PaytThnts lo defned contrit￿lI0rn ￿tire11￿1 benefft s¢*emesaro ¢harged 8$ an expense as they f811 due. Critical accounting estirnaies and judgements In the application of the charivs accounting policies, the truslees are required lo make judgen*nts, estimates and assumpiions aboul1he ¢arryin9 amount of assets and liablities that are not readily app?￿nI from other swr¢es. The estimates and aqsociated assumptions are based on histori(21 eVrien￿ and other facknrs that are consKlered lo b8 relevant. Actual results may differ from these eslbmates. The 85timales and underfwng assuMpti(￿S ￿e reviewe(J on an ongoing basis. ReWs￿S to accounth'ng estimates are recognised in the period in which the estimate is revised vAwe the revtsDn affects only Ihat period, or in the period of th& mision and futuré p&ri(xls wharé Ihe rèvision aff￿tS bolh current a￿1 futur8 pèriods. Incom• from donati¢)ns and l•gaciès Restricted fund5 2024 Restricted funds 2023 Grants 2,723,731 2.713.806 19- MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (co￿lNUED) FOR THE YEAR ENDED 31 MARCH 2024 Incom• from donati¢)ns and l•gaciès Icontinutdl Restricted nds 2024 R88trioted nds 2023 Grants Children In Need NIHE- Supporbng People SLA Public Health Ag8ncy Southern Trust 11,333 1.874.052 114.020 90,072 286,CQO 273.555 64.774 1,908.175 90,012 374,233 251,294 6.251 South Easlem Tiust Belfast Trust Oth8r 2.723,731 2,713,806 Charltable actl¥ltles Unr*strl¢tsd Unro$trl¢t¢d Funds Funds 2024 2023 Rent81 income MACS (￿r￿raisi[vj athib'es 416,415 45.479 149,094 69,612 461.894 218,706 Anatysis by fund Unrèstrictèd funds- gentrral ReSt￿ted lunds 461,594 300 218,706 4fj1,894 218,706 Other trading activities Unrestrlcted fund$ 2024 Restrfcted funds 2024 Total Unrostricted lunds 2023 2024 Other income 5,410 15.882 21.292 69,934 -20- MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (co￿lNUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on ¢harllabl• a¢tivlti•$ Cheritable a¢tiviti¢s 2024 Charitable •¢tivitiè$ 2023 Direct costs Staff ¢osts Depreciab"on and impaiment Establishment costs Staff expenses & travel L&gal & prolessoinal fe&s Communicabons and IT Audit fees other office expenses Staffing training Memberships and Sub￿￿pIlOns Iniere51 payable and similarcharges Fundiai5ing acb"vth"es Activity and residents'al 2.505.864 21,166 403.044 31. 77.517 68.4(K) 2.260,140 40,103 367,425 41, 93,720 29,176 26,011 36,557 8.291 2.725 23,857 33,718 1,459 13,848 138,037 81,761 3.268.096 3.051.083 Analysls by fund Unrestricted ftjnds R*str￿l*d funds 498.142 2,769,954 216,777 2,834,￿ 3,268, 3,051,(￿3 Net movement in funds 2024 2023 Th8 nel movernenl rn 15 Staled after chaigiwI(cre(fitingl." Fees payable for the rf Ihe tharilv's finanrial statements Depreciation of owned fix9d assets 4,800 21,166 40,103 Employees The average rnollthly numb8r of etryloyee5 durirwJ Ihe year wa5: 2024 Nurnber 2023 Number staff 93 21 MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (co￿lNUED) FOR THE YEAR ENDED 31 MARCH 2024 Employ••s Icontinutdl Employment ¢osts 2024 2023 WagEs and salaries Other pension costs 2,442.960 62,904 2.198.012 62,128 2,505.864 2.260,140 The remuneration of key management personnel in the year ivas £193.81212023.. £184.2071. The key managernent personnel of Ihe Charity comwses of 4 members of staff {2022'. 41: the Inierim CEO. Corporate Services Manager and two S8rvice Managets. Th8r8 were no employees wh058 annual remun8ration wa5 than £60.000. Taxation The d)arity is exempt from tsx on irwme and gains falliThJ wrthin secb.on 505 of the Taxes A¢t 1988 or section 252 01 the Taxation of Chargeable Gain5 Act 1992 to tsexlenl Ihat these are applied to its charitable objects. 10 Tangible fixed a55ets Freghold I and buildwvJs Fixturos and ritt￿95 omputers Totsl Cost At 1 April 2023 Additigns 335.IK)O 156.664 130.016 8.136 621,680 8,136 At 31 March 2024 335,￿0 156,664 138,152 629,818 Depreclaiion and Impalrment At 1 Apnl 2023 D8preciation ¢harged in Ihg year 137.013 13.821 121,220 7.345 258,YJ3 21,166 At 31 March 2024 150.834 128.565 279,399 Canwng anount At 31 March 2024 335.￿0 5.830 9.587 350.417 At 31 March 2023 335.IN)O 19,651 8,796 363,447 22- MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (co￿lNUED) FOR THE YEAR ENDED 31 MARCH 2024 11 D•btors 2024 2023 Amounts fdllng due vAthln one year. Trade debtors Other debtors Piep8yments and accrued in¢(Mne 17,273 1,425 18,140 43,583 36,838 43,583 12 Cr•ditors: amounts falling duè within on• y•ar 2024 2D23 Other taxation and SLKial ￿Urity Tiade creditors Other ¢redilors Accruals and deferred incorne 86,699 79.092 14,560 IT.593 91,181 5.085 42, 257.944 138,826 13 Retlrement benefll schemes 2024 2023 D•fln8d contrtbutlon schgm•s Charge io profit or Ioss in ￿Spect of defined ¢xJn1ribution schemes 62,904 62,128 The d)arity operates a defir*d c(￿t￿trAI￿on pensi￿ scheme frjr all qualtying enwoyees. The assets ol the scheme are held sepwalely from those of the charity in an inder*ndenly 3dminislered fl￿(1. -23- MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (co￿lNUED) FOR THE YEAR ENDED 31 MARCH 2024 14 R¢std¢ted lunds The restricted funds of Ihe tharity comprise the unexpended balances of don8tMy)$ and ￿antS held on twst $ubj¢¢t to specific conditions by as to how they may LEed. MoYèm•nt in funds Irwmlng RÈsourees Balarv 8t expended 31 March 2024 Bal￿¢eat 1 Nyil 2023 Belfast Tmst income NIHE- Supporting People SLA Fixed Kqset ReseNe Public Health Agency Southern Trust South Easlem Trust Every Youth Other 251,294 1.9)8.175 1251.2941 11,908,175) 17.3451 193.7061 190.0721 1374,2331 118.1041 127,0251 3Y.330 31,985 93.706 90,072 374.233 21.242 1,191 3.138 2.245 28,079 67.499 2.739.913 12.769.954) 37,368 15 Unrestrlcted funds The unrestricted funds of the chariiy camprise the unexpended balances ol donations and grants which are not subject to specific condilons by donors and grantors as to how they may be used. These irdude designated funds which have been sel asid8 out of unres1ri¢ted funds by the trust&&$ for S￿¢If￿ pwposes. At 1 April 2023 ming rgsources ReSoU￿eS expend•d Transfers At 31 March 2024 Revalualion reserv8 101.349 101,349 867,￿ General funds 899.047 467.004 1498,1421 899.047 467.004 1498,1421 101,349 969.258 Previous year. At 1 April 2022 coming rnsDurc8s Resources exp8nd•d Transfers At 31 March 2023 General funds 924.415 288.700 1216.7771 197.2911 899,047 16 Events after the reporting date Ther8 have b8en no mat8rial 8vents, occurring aft8r the reF4Jting date that r8qUit8 adjustments lo or disclosure in the rinaiiiial 5L3tenienl5. 17 Related party transa￿10￿$ There were no d￿ClOSable Trlated party tranSacti￿S during Ihe year {2023 - ￿￿e). 24- MACS SUPPORTING CHILDREN & YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS (co￿lNUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Cash g*nÈraièd fromllabsorbed by} owations 2024 2023 DefiGil ft)r the year (61.1791 148.5771 Adlustmants lor: Depreciats"on and impairment of tangible ffixed assets 21,166 40,103 Movernents in working caprtal: Decreasellincreasel in debtor5 Increaselldecreasel in credlors 6.745 119.118 IT.￿9) 176,2851 Cash generated fromllabsortjed byl operatsons 85.850 192.7281 19 Analysls of changps In net funds The tharity had no Material debt during 1he year. 25- This document was delivcrcd using clectronic COTnmunicalions and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.