MACS SUPPORTING CHILDREN & YOUNG PEOPLE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 MARCH 2024 The Irustees are pleased to presenl lh￿ report iogetherwilh the financial statements ol the tharity lor tt* year ending 31 March 2024. The finanaal statements have been prepared in accordance with the Staternent of Recommended Practice ISORPI 20CI5-Aecounb'ng and Reporting by CharitEs" Th& finan¢ial ststemenls hav$ bpen prepared in a¢cordan¢g Wth Iht) a¢¢ounb"ro poliues set Otjl in nota 1 to tho financial slatements and comply with the charity'5 governing document. the Companies Act 2006. FRS 102"The Financial Rewrting Standard applicable in ihe UK and Republic of I￿land. the Charities SORP"AccountirwJ and Reporbng by Charities.. Sial8rnent of REcorntn8ndEd Pr*ice applicable to charities PtEparing their accounts in accordanc8 wth th8 Financial Reporting Standard applicable in the UK and Repubknc of Ireland IFRS 102)". Obj¢¢tive$ and a¢tiviti•s The charitable objeclives of the c￿llpany are io provide a range of $wvi￿ for chddren and y￿ng people, aged 6-25, trho have not had a lair deal". i.e. who have experienced care., ￿leleSSnesS or risk of homelessness,. mental health issues- or are ai risk of suicide 8rn1 seK-h8rm. in the Belfast. Soulh Eastem, 8MJ Swihern Fkatth anJ So¢Aal C8re Trust Areas. Supportod Houslng Servlc8 -.m￿ In lo Move On- IEstabllshod 19901 The Supported Housing Service support5 young people leaving care on¢J hO￿elesS yowg people lo niake the transitlDn tD interdepenthnce and their own tenancy. We do this by providing individuali5ed support lo young Feople thal is led by. tailored to thèir naads. Support is basèd on identtfied naads and is complamented by a range ol onè-lo-one and group work int8rventions_ The Supported Housing Service indudes- 18 Self-contain￿ flais Ioc21•d 2t University Str￿6 Belfa81 for car• lèavars agad 16 to 21. 8 self-contained flats located at English Street Downpatrick for 3 care leaver5. 3 young horneless. 1 Short-t￿[n assessment flat for 16-17 sear-old yourwJ homeless. and 1 as5es5ment ftat for unarLompanied minors. 7 sew-contained llats localed at Canal Streel. Newry (or care leavers aged 16-21. 9 sdf-contained flat5 located at Long5tone Streel. Lisburn for 3 care leavers, 4 young homeless. 1 short-tertn 8sse5srnent flat for 16-17 5tar-old yourwJ homeless aThJ 1 assessment flat foi wacComp￿led rninors. Wellbeing Service- Mental Health Support--Dare to Dream- {Established 20001 The Wellbeing Service provides one-to-one iUPPDrt. mentoring. and group work for chldren and young peopb aged 16-25 across thè South Eastem Trust arè88. This Serv￿ usos vOl￿t0&r$ to inspirè childr&n and young pgopla by nurturing t￿￿1r dreams and aspirations and lo provide swal opt)ortunities promoting positive mental healh. Floating Support Ser¥ice-"Building Futures Together (Established 20031 MACS FloatiThJ Surport consists of f￿r services in Belfast. Lisburn. Newry and Downpatiick We offer voluntary. flexible. and pgrsonuthem, and South Eastern Health Trust areas of Northem Ireland. The￿ are no privale btrnefits to trusiees. MACS SUPPORTING CHILDREN & YOUNG PEOPLE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 New Developments The Trustees are excited aboul the future Ihe impl&menlation of our rew strategic plan for 2024.2028. Our new vish)n 'An End to Youth Homelessness in Northern Ireland, recognises fvIACS as the18ading specialis1 youth hotne18SSll8ss chanty. We will be expanding our work in hOMe￿5S tTrvention. and developing new services to meet the needs of (Mjr young people. In the next sear, MACS will locus on developing senfices and delivering new opportunib"es. Build on the success of Shared Tenancies and explore fvrther opportun￿"eS for expansion outside of Belfast. Build on Ihe success of the Pnson Resetuernenl Servi￿. Pilot Upstream- an early intervenb.on homeless prevention model in partnership wlh Llamau. Deliver a digit81 transformation project acr05S the organisation Del￿er a new %hLX)Is resilience kvogramrre in partnership with The Children's Society. Developtnent of a new fundraising plan. Implemenl a ffiexi-te￿n 8cross our Housing Sewvices. Develop a new social media and corrffiur•cab'on stralegy. Register as a real livin9 w4e organisation. Reserves Policy MACS Supporting Young Pe(yle wiKAd experience financial dilficults.es if rts incotrr dropped suddenly wa5 to run in the future at a level considerably lower than loday. 11 the fall were of a lemporary natu￿ caused by a delay in reviesmng contractual arrangements, then reserves would be needed to cover the Income lost during Ihe temrKJrary period. In ¢elermining Ihe level of reserves required. rt li ner£ssary to assess how lon9 It wgul(J tske to wind up MAGS an(J the cost to run il during this period, assuming a major fall in rts level ol income such that it no longer remained viable io continue lo operate. Allowance would also need to be made frjr terminalion cAJsts such a5 reduThlarry eaty seillement of leases and any legal and olh81 prof&ssional 188s aiisiThJ duri￿ Ihis pt(K&ss. In line wilh guidance issued by the Charity Commission, it WOLld appear prudent io set as#Je reserves representin9 approxirnalely three months, Ir￿ome or a figure of £400,000 (whichever is smdler} which should be ￿luSted each year lo allow for boih inllab.on and any m4or increase in njnning CO￿$. The aclual ￿SerVeS at the year-end were approximalely £867,909 which is in line the conyny's target. Thè Truslees viill closely monitor this srtuation year. Financial review The results lor the year are sel out p*J8 12 to Ihe attach8d finarrial Staterr￿nts wilh the toial funds at1h8 year end. Structure, govemance and manag8rnent The chanly Is a cornpany lirnited by guarantee. not for proffit and not having a share ¢aWal. governed by ils hAemorandum and Articles ol Association dated 11th February 2021. 11 is a cornpany ￿￿OrpOrated under Ihe Companies Act 2006. The conipany is a chaiity reco9ni5Èd by IhÈ Commissioners of Revenue and Custom5 INO XR1%>601. MACS compleled r?gistration with Northem Ireland Charity Commission on the 25th Novernber 2014 INIC1009231. The Charity is managed by the SenK)r Management Team and is under the control of 1he Board of Tnjstees. The day-to4ay running of the charity is ¢arrie