GEMS NORTHERN IRELAND LTD Company Llmlted by Guarantee Financial Ststements Year Ended 31 March 2023 Cornpany No: N1059280 Charlty Nl No: 101125
GEMS NORTHERN IRELAND LTD Company Llmfted by Guarantso Table of Contents Year Ended 31 March 2023 Paga Company Informatlon Report of the Trustees 4-16 Report of the Independent Audltor 17-20 Statement of Rnandal Actlvltles 21 Balance Sheet Cash Flow Ststement ' 23 Notes to the Financial Statements 24-30 Page 2
GEMS NORTHERN IRELAND LTD Company Llmlted by Guarantee Company Inforniatlon Trustèes Mr D Collins Ms L Boyd Mr K Knox Mr A Hamllton Mr L McNeill Ms J Murray Dr N Whelan Mr C Nugent Dr l Balley {Chairperson) {Vic&Chair) (Treasurer) (Secretary) Addr••¥ for Corrospondonco 34 Shaftgsbury Squara Belfast BT2 7DB Raglstered Offlc• Ascot House 24-31 Shaftesbury Square Belfast BT2 7DB Audltors FPM Chartered Accountants 1-3 Arthur Street Belfast BT14GA Bankern Ulsl8r Bank Limlted 91-93 Unlverslty Road B61fast BT7 1NG Roglstored Charlty No. NIC101125 Regl•t•red Company No. N1059280 Key Managemont Mrs S Russam MBE, Chief Execullve Ms A Downs. Director of Employment S8rvices Mrs F Murray, Director of Corporate Services Mr S Atkinson, Director of Operations Pag8 3
GEMS NORTHERN IRELAND LTD Report of the Trustèas Year Ended 31 March 2023 Report of the Trustees for tho Year Endlnq 31. March 2023 The Trustees are pleased to present thelr Annual Directors Rgport together with the Consolidated Flnancial statements of the Charity for the Year Ending 315t March 2023: which are also prepared to meet the requirements for a Directors Report and Accounts for Companies Act purposes. Chalrperson's Report Welcome to our annual report for 202212023. Durfng thls p8rlod, we along with countless other organisatlons began the process of emerging out of the very necessary restrictions Implemented to prevent the spread of Covid-19 and buill upon the learning we a¢hi8vèd from our 8XP8r18nce of delivering our service In challenging times. No{thstandIng those challenges, we have continued to move forward with our goal of securlng a suitable base for delivering our services. We were d8llght8d to be offered the opportunity to move to 34 Shaftesbury Squaré and greatly appr8ciate the support of VSB Foundatlon for their gracious offer. Thè standalon& building has 8nablèd us to furth8r d8velop our servlces in line with our charltable objectiV8s and has helped us to create a wonderful resource for our Cllents and other key stakeholders. We work to help unemployed and economically inactive people to believe in th8ms8lves and r8cognise their own potentlal. Our knowledgeable, prof8sslonal, committed and compasslonate team work together to support, encourage and enabl8 each person we work with lo believe in themselves and thelr abillty to secure suslalnable employment and if required, transfer thelr skills to new opportunitles In the ever-¢hanging world of work. We are committed to contlnuous Improv8ment and development and always challenge ourselves to provld8 hlgh quality, impartial, one-towone careers information, advice and guidancè that helps build a person's self-confid8nce, skllls, motivation and their personal capacity for leamlng and work. In Decèmber 2022, we successfully bld fcr the Belfasl Labour Market Partnership Gateway to Choices Service commlssloned by Belfast Clty Council. This dynamic new service wlll see us supportlng 1200+ Belfast residents wlth an employabilitylcarèers Informatlon, 8dvlce 8nd guidance service which supports thern to driv8 th8ir own pepdonal leaming for work journey wlth the assistance of an impartial Gateway to Choices Advisèr who wlll help them to choose thelr options from 8 '1ive' choices menu of provision available to them. The Gateway to Choices Service set up phase was implemented January- March 2023 with the $8rvice scheduled lo launch In April 2023. We are dellghted by our r8t8ntlon of quality markslstandards: matrfx. IS09001.'2015, Investors In People and are curr8ntly working with Belfast City Council lo become a 'Belfast Business Promise, accredited organisatlon. Maintaining connections with our service beneficiaries, neOrkS and other key stakèholders during 202212023 has baen central to our organisational business strategy during this period of challenge and change. During this tlme we have worked within our business plan. driving our strategy and building our capacity to develop our programmes and services to meel current and future needs. We believe In soclal value cr8atlon', th15 undèrpins our commitment to partnership working and collaboratlon that can make a difference to communities and Ilves. In the forthcoming year w8 will support unemployed adults to gain qualifications and work experience wlthin GEMS Nl preparing them for nèw career opportunities. Durlng 202212023 we have continued to work in the partnership delivery of our three main projects: Belfast Works, CO-MENT and Community Family Support Project. These projects completed at 31st March 2023 following Call 3 of the European Social Fund. Whilst we have been successful in securing funding from the UK
GEMS NORTHERN IRELAND LTD Report of the Trustees Year Ended 31 March 2023 Shared Prosperity Fund {UKSPFI.for the new Belfast Works Connect project, unfortunately we were unsuccessful in our application to take foNard our project to support young people aged 16-24 who are nol in education, employment or training. Whilst we are very disappointed given the success of our ESF CO-MENT projèct, wé ar8 movlng forward to Id8ntlfy other funding sourcés to support this groundbreaklng work. During Ihis year we completed our Erasmus+ prolects whlch sadly, due to the UK 6xlt from Ihe European Union. r8pres8nt our final participatlon In th8 Erasmus+ programme after 20 years of active involvèmént in Erasmus and its prédecessor pragrammas. We are however taking forward our aim of establlshing a GEMS Company and charity in Ireland. GEMS Nl Board continues lo support thè Chief Executive, Senior Management Team and all our staff to strfv8 for continuous irnprovem8nl and the ongoing development of innovalive approaches designed lo help people exp8rf8nclng labour market dl8advantag8 lo move from long-term unemployment, economic inactlvlty and worklessness Into sustainable employment. In this financial year we had 3 cor8 aims to ensure Ihat we continued lo deliver a high quality, responsive service to those facing disadvantage in the labour market Ih88e were: 1. Establish GEMS Ireland as a Company and seek charltabl8 status. 2. Merge wlth Farranshane Community Trust bringing Farranshane into GEMS NI. 3. Identlfy and $8cure flt for purpose premises for GEMS NI. We are sllll working to set up a GEMS charitable Company in Ireland sUPPOrted by thr88 new Trustees who are based In and work In Ireland. Our work in this area has been stalled by funding challenges including potential redundancies as we rnoved from ESF fundlng to UKSPF. We hope to have thls new charitsble company In place on or before June 2024. The merger vllh F8rranshane Communlty Trust was completed on 18th April 2023 and we ar8 currentty working to develop new services for the area served. We have moved to 34 Shaftesbury Square and are currenuy exploring opportunltl8s for a longer term rel8tionshlp wlth the VSB Trust and continued development of the premises, I commend the dedlcation of the GEMS Nl Board who have given thelr commltment and expertlse thus ensuring the govemanca and accountsblllly of the charlty Is central to its purpose and values. Thls, and the Board's Steadfast support to the Chief Executive and Senior Management Team and staff of the organisatlon has contrlbuted to the many posltlvé rÉ8ults for the year. During thls year we have added three Ireland-based Trustees who all have a wealth of experfence and 8xp8rtIs8 thal VAII h&lp GEMS Nl to consolldat8 and bulld upon its charitsble aims. I commend the Chlef Executlve for her stratagic vislon and leadership in a Challenging timé for GEMS Nl and all organisalions working to support people to access sustainable employm8nt. She and our Senlor Management Team have supported our highly comrnltted. compassionate and productive staff team to continue to deliver service excellence regardless of the precarious funding circumstances we and olhers currently operate wlhin. NOthstandIng all thg challenges before us we have delivered a strong and unrelenting offer to those experience labour market dlsadvantag8, consolidatsd our relationships with partners and other k8y stakeholders. successfully tendered for new business and achieved a m¢)dest Surplus for the period. I do not doubt the wlll be new challenges before us, and I do not doubt that we wll meel and overcome thes8 challenges In the 202312024 year befor8 US. Donal Colllns Chalrperson Pag8 5
GEMS NORTHERN IRELAND LTD Report of the Trusteés Year Ended 31 March 2023 Structure, Governance and Management Govornlng Document GEMS Northern Ireland Limited is a company limitèd by guarantee govemed by Ils Memorandum and Articles of Association dated 1 Oth May 2006. It is regISted as a charity wilh the Charity Commission for Northem Ireland, Charlty No. NIC101125. Appointment of Trustees Trustees are electsd at the Annual General Meating by the members present. Trusteas 202212023 Mr D Collins Ms L Boyd Mr K Knox Mr A Hamilton Mr L McNelll Dr N Whelan Ms J Murray Dr l Bailey Mr C Nugent (Chalrperson) (Vice-chair) (Treasurer) (Secretary) structure Governance and Managomént Goveming Documenl Memorandum and Articles of Association Constilutlon Company Limited by Guarantee N1059280 Registered wlth the Charity Commlssion for Northem Ireland NIC101125 Ulster Bank Limlted Edwards & Company FPM Accountants Limited Bankers Sollcltors Auditors Truste• Inductlon and Tralnlng New Trustees undergo a slructur8d orSentallon process deslgned to brief them regarding thelr legal obllgalions under company law, the Charity Commlssion for Northern Ireland guidance on publlc benefit, and infomi them of the content of the Memorandum and Articles of Association, the committee and declslon-making processes. the business plan and recent financlal performance of the charty. Durlng the induction process they meet other trustees, and key employees. Twstees are Èncouraged to attend appropriate training events such as those provided by C03 and NICVA and where these wlll facllitats the underLgklng of their role. Organlsatlon The board of trustees, which Can have up to 15 m8mbers, administers the charlty. Th8 board normally meets bi-monthly and there are sub-comrnitte8s coverlng finance {which normally meets monthly) and Human Resourceslstsffing whlch meets as required. A Chief Executive Is appointsd by the trustees to manage the day-t¢>day operations of the charity. To facilitate eff8ctive operations. the Chief Executive has delegated authority. within terms of delegation approved by the trustees, for operational matters Including finance, employment and programme development. Related Parties and Co-operatlon wlth other organisation$ None of our trustees receive remuneration or any other benefit from their work for the charity. Any connection beeen a trustée or senior manager of the charity with a suppller or sub-contrador must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the current year no such related party Iransactions were reported. Pa99 6
GEMS NORTHERN IRELAND LTD Report of Ihe Trustees Year Ended 31 March 2023 Pay Policy for Senior Staff The Board of Directors, who are the charlty's trustees. and the senior management team comprise the key management personnel of tha charity in charg8 o* dlr8ctlng. controlling, running and cparatlng the charity on a day to day basis. All the directors give their tlme freely and no director received remuneration in thé year. Thè pay of senior staff is reviewed annually and normally increasèd In accordance wlth average èarnings. In view of the natur8 of the chadty, the dlrectors benchmark against pay levels In organisations of a similar size run on a voluntary basis. The remuneration b6nch mark Is thè mldpoinl of the range paid for $Smllar rolas adjusted for the weighting of up to 300h for any additional responslblllties. Rlsk Managament The trustees have a Rlsk Management Strategy whlch comprlses of: Annual Revlew of the principal ri5k5 and uncertainlies the charfty faces., The Establishrnent of pollc18S, Systems and procedures to mitigate tho$8 rlsks Identlfled In Ihe annual review., and The Impl8mentatlon of procedures designed to mlnlmlse or manage any potential impact on the charlty should those rfsks materialise. This process has Identlfled that financlal sustalnability remalns a key financial rlsk for the charlty. A key element in the management of flnanclal risk is the regular review of available liquld funds to settle the debts as they fall due., regular liaison with the bank and actlve management of debtors and credltors balanc8s to ensure sufflclent working capltal by GEMS NI. We also retaln focus on non-financial risk arising from flre, health and safety of cllenls, staff and vlsilors. Thes8 rlsks are managed by ensuring accredltatlon Is up to date, having robust policies and procedures In place and regular awareness-raising for staff worklng in operational areas. Staff have recelved training In tha safeguardlng of chlldren and adults at risk and sulclde awareness. General Data Protectlon Rogulatlong IGDPR) GEMS Nl Is registered with the Information CommlssSoners Office (ICOI Referanca Number: Z9462033 Tier.. 1 Data Protectlon Offlcer: Mrs Francesca Murray, Director of Corporate SeNices GEMS Nl systems and procedures reflect GDPR compliance The Data Protection Officer receivés regular tralninglupdates in relalion to GDPR. All staff recelve GDPR awarenes5 training as part of the induction process Our Purposes and Activltles The purposes of the Charity are.. To improve the potential of the unemployed and 8speclally the long-term unemployed to gain employment in the economy generally and specially in thelr own areas- To provide a Structured programme of advice and support In career planning for those who are long-term unemployed., To support Specific training, education, employment and work experience opportunities for the long-tgfm unemployed whlch wlll help to promote their Integralion into the labour market; To provide additional support to facilitale participation in and benefit from education, including at primary level. for those at risk of early school leaving and under achlevement leading to excluslon., To support and develop linkages beeen employers, local communities and th8 relevant support agencies. To enhance the capacity of local communities to participate fully in local development and lo counter social excluslon. Pagg 7
GEMS NORTHERN IRELAND LTD Report of the Trustses Year Ended 31 March 2023 Our Purposes and Activitiés ctd... The overarching vision that Infomis tha actlvlties we undertake annually remains Improvlng access to the labour market. We do this by challenging perceptions of èmployment and unemployment by providing hlgh quality information. advice guidance and employment solutions to: People who experience labour market disadvaniage Employers Policy makers and pra¢titioners The charlty also has the general alm of conlrlbutlng to the eation of soclal value through the provision of Innovative employer4ed employment and employability Inltiallves thal provide meanlngful opportunilies for sustalnable employment that specifically target and support long-tsm unemployed, economlcally Inadive and workless people. In del6rmSnlng our oblectlv8s for the year and plannlng our forward aclivltles, the trustses remain mlndful of the Charity Commission for Northern Ireland guidance on public benefit and have considered this guidance when developlng our strategic and operational actlvitles. Organlsatlon Structur• 2022123 bU51NESSSTrATEGY AIID OR¢ANISAliofiAL DElOplENT ChhlExoELrth Ohckorolcorpllritt DlrKturdCyr•tloM ¢fyMINTPr4w•nd Tmffl 8ELFWWQAK5 Prohcl 4ndT•iffl LWI HhkMlfi1É4m+hT ¢¢mpn¢4 COMMUNITYFAMILY SUPPORT ProJleEind eurownProl•cts c1*19 IErt•rw&• H¢4tth 15af•t¥ Pgg8 8
GEMS NORTHERN IRELAND LTD Report of the Trustées Year Ended 31 March 2023 GEMS NI DASHBOARD The charity uses this 'dashboard' to assist it lo reflect on progress and developments across Its key objectives and to inform its business and operational plans. CLIENT PrLwld•lor SuwortfuUnibfe FINANCIAL ¥wslfyr•vqroJr 5trt 4ndstsbNtv MAKING A DIFFERENCE Efiwr•pwrnmm• Imglct Parln•rtomiKlm VOICE OF THE SERVICE USER OPERATIONAL EXCELLENCE IMpMInt&r fflini84 Ih4fjieplvnnEd•nd In quliirv ov-19 fj1 LEARNING / AND GROWTH PrOYhtq In¥htlvMI y101WIth*$U1• CdTorirDWthd dvAlvpiMnt GEM5NI tharttobla Stratogy to Actlon: Maln Areas of Actlvlty 202212023 CONIMUNITY FAMILY SUPPORT ERASMUS+ Proletts Project 8ELFL£T WORKS Prolett Gateway to Cholces Servl COMENT Activity Bu5i0e5S Senriies Acèdernv Prolett Page 9
GEMS NORTHERN IRELAND LTD Report of the Trustees Year Ended 31 March 2023 Summary of GEMS Nl ProJe¢l Activity 202212023 The three main projects funded by the Northern Ireland European Social Fund all èndèd on 31, March 2023. A final summary is provld8d here: Belfast Works Project The Belfasl Works project Is an employability programme for people who are un8mploy8d or economlcally InactSve. not in training or education and who Ilve In the city of Belfast. The projèct seèks to target th¢X8e most r8mov8d from the labour market, in¢ludlng. Peopl8 sufferlng from long-term slckness People looklng after famlly and or home Lon8 parents Younger peop18 wlth low skllls I qualifications Those wlth poor I no pr8vlous work experience Long t8mi unemployed Residents in the most severely dls8dv8ntaged ar8as of Belfast The aim of the project is to support participants, personal and employability skills development and Job search. wlth the alm of movlng them Into employment, education, or training. The objectives for 2022-23 are to.. Recruit and support 1,375 long term unemployed and 1.125 economlcally Inactive beneficlarles Support a minimum of 330/0 of long term unemployed and 30% of economlcally inactive participants into èmployment Support a mlnlmum of 5% of economlcally Inactive partlclpants into further education I tralning. The project wlll be achleved by partnershlp dellvery across Belfast by the Belfast Works consortium, who have been working collaboratlveEy for the past 14+ years. Partners Include: Upper Sprlngfleld Development Trust (Lead), West Belfast Impact Training. West Belfast GEMS Nl, South Bolfast and North B•lfa8t Ashton Community Trust, North Bélfast East Belfast Mission, East Belfast Thls varlation was du6 to unfilled posts particularly as the programme drew doser to the end of the Call as staff began lo sIgn due to securlng pemianent posts externally. Net Ellglblo Project Expondlturn £3,580,134.98 £3.051.746.85 -14% Bolfast Works Pro Tar Actual Note Partici ants Enrolled 2.493 Tar et Exceeded Participan Into lo ment 786 901 Target Exceeded PartiC4pants rgfflaining in Employment after 6 months 160 32% Target Exceeded Participants- Into Educalionrrralnln 55 253 Target Exceed8d P8g8 10
GEMS NORTHERN IRELAND LTD Report of the Trustees Year Ended 31 March 2023 Community Family Support PrO¢t CFSP is managed by the Upper Springfield Developmènt Trust (USDT). a leading communty development organisation located in W8St Belfast, and is delivered in partnership with four addillonal Belfast based community value organlsatlons: GEMS Nl, East Belfast Mission, Ashton Communlty Trust and Impact Training. CFSP compliments other services USDT, and partners provide induding Surestart. Skills for Life & WorklApps21, heallhlwellbelng, community development, neighbourhood renewal and good relations services. CFSP obJectives include: To engage and support 200 partlclpants (parentslchlldrenfyoung people) betsveen 2022-23 to address health, social and finanGial Issues and to reduce barriers lo education l training and employment. To move a minimum of 104h of all Indlviduals Into employment and a further 200A into 8ducation or further trainlng. Recruitment wlll b8 the responsibility of the five partners across the city, {all of whom have unique Ilnks wlthln the local community). CFSP will engage with ils target groups in a Suppo'Ve/1nC1uslve manner (flexible and agi18 In response to Covid 19 pandemlc) through a tallored approach to Sndividuals, joumey to meet th8lr needslaspirations al a pa¢elduration appropriatè for that indlvidual. A roll-on, roll-off approach to anrolment ensures high rates of engagement and retention. This varlation was due to unfllled posts particularly as the programme draw closer lo the end of the Call as staff began lo resign due to securing permanent osts 8xternall Net Ellglble Project Expendlture £544,039.99 £456,733.00 -160/. Belfast Works Pro Tar et Actual Note Partlcl ants Enrollod 200 208 Tar el Exceèded Partlcl ants- Into Em ment 20 39 Ta et Exceeded Partlclpanls rémalnlng In menl after 6 month$ Nla Nla Partlclpants- Into Educallonrrralnlng 40 73 Target Exceeded COENT Project Led by GEMS Nl with partners NBWISP, Greater Village Regeneration Trust. Short Strand Community Forum, South Belfasl Community Resources and Time Ireland. the C(>MENT Model supports NEET Young people with complex personal, Social and emotional issues into employment, further education and or training, by accommodating their individual needslbarrlers In their learning, life, leisure and work 'zones' starting with Ihelr worldvlew. Our alm is to identify, access and engage young people whose needs have not been met by mainstream Vocational Education and Training {VET) programmes including those who have dropped out from Further Education or have been 'churn8d' beOn dlfferent VET providers before dropping out, or have had a short experience of Iow-5killedllow pald employment. These young people may be considered °NEET" each wlll bring their own personal story requiring customised asslstance trj improve thelr employability. Page11
GEMS NORTHERN IRELAND LTD Raport of the Truslees Yéar Ended 31 March 2023 The issueslchallenges a young parson éngaged in the CO-MENT project includa.. Famlty Breakdown Homelessnes8 Care- exparienced C8rfrL9ar Lcfjo Paronl Caror B¢hi¥ir CUIWI S¢nItnc1 Pmbayon Onlei Youh Justica Ord NEET EXPERIENCED YOUNG PERSON AGED 1&24 Debt Loans Drug Debl Gambling ent81 511.heal Depr855ion Anxl6ty Sdf-Harm Par8-Sulcide Addldon$ DrUgs1cOhol Prnscdptim & over the counter dDJgS 'Legal Hlghs. COENT wlll be dellvered From 1 Aprll 2022 to 31 March 2023. supporting 160 partlclpants to: Improve their 'soft' employability skllls Improve their essential sklllslEngllsh language skllls Gain sklllslquallflcations linked to labour market requirements Undertake workplac6 plac8m8nts enhancing thelr knowledge the world ofwork Gain underplnning knowledgelcareer motlvations to progress to L2 v¢cational tralnlngl Further Education routes Each participant will receive.. Support from a personal mentor throughout the programme 12 hours mlnlmum per month on0-tone méntorlng Mentor-supported comprehensive a•u$$m•nt of thelr needs across 4 zones: Learning Life Leisure Work Letter of Olfer Unlt Cost Aetual Unlt Cost AchlevadlNot Achloved £2,914.99 £2.623.53 Unit Cost Met Page 12
GEMS NORThERN IRELAND LTD Report of the Trustees Year Ended 31 March 2023 Results Area - Cumulalively Targat Partlclpants Annual Actual Partlclpants 01104122- 19103123 Variancè % Participants Enrolled stsrt dates 01104122- 19103123 Target Exceeded 160 161 Partlclpants Into Employment (including sheltered employment) Upon leaving (Exit dates on or beforo 19103123 40 46 Target Exceeded Partlclpants Into Tralnlng I Education Upon Loaving (Exlt dat65 on or boforn 19103123) 73 Target Exceedod Erasmu8+ Projects ITER s,.11.Itar. ro 6ct.Infol The ITER project completed in June 2022. GEMS Nl led the ITER project with partners University of Huddersfield, Time As50ciales Extem (UK), Antsres and Eulab {Italyl Polytechnic University of Bucharest (Romania) Desincoop, Portugal and Bek88 Publlc Labour Mark6t Agency (Hungaryl. The project developed and 18stsd an approach to worklng with NEET-experienced young people using a game as part of a toolkit of support that helps them design their employability pathway. Famlly-school Network The project completed in December 2022. The Family-school Nehvork project is led by Antares (Italy) wlth partners GEMS NI (UK) Malone Integrated College (UK), Istltuto Omnlcomprenslvo Orte (Italy) SPS Poprad Technic Secondary School (Slovakial and Rayko Tsonchev Privata School of Tourlsm And Entrepréneurshlp (Bulgaria). The main objective of the prolecl was to prepare tools and programmes for a greater Incluslon and partlclpation in European mobllity projects of studénts from socltreconomlc dlsadvanL9g8d backgrounds. In particular those who come from mlgrant backgrounds. Make Sense s.'Ilwww.m en 8Ct.infol The Make Sense Project is led by Eulab Consultlng (ltsly) wlth partners GEMS NI (UK) Malone Integrated College {UK} The Monnalisa Onlus Foundation (ltsly) Llceul Teoretic Ovidius (Romania) and Glrnnazlla Celje-cgnter (Slovakla). Key project actlvities are: In each partner country one high school will create and test social entrepreneurship courses at school; almed to develop key competences both for teachers and students, designed to boost employability and ivic participation. 20 Students in each school will test a Social Entrepreneurship Path. 5 te8cher5 in each $ohool will participate in a blend8d training workshop (In class and onllne) to support the students and ensure a coherent project approach. The Prolect is heduled to complete in September 2023. Page 13
GEMS NORTHERN IRELAND LTD Rèport of tha Trusloes Year Ended 31 March 2023 CMC ousin ro 6ct.eu The project completed in December 2022. Led by ASL Rome (Italy) and partners GEMS NI (UK) Desincoop (Portugal}, EPIONI (Greece) and Kllnika za psihijatrilu Vrapce (Croatia). The CIVIC project Is a bridge b8tween the Training Currlculum for th8 social Inclusion of people wlth experlence of mental health cha118nges produced In 2016 by'HERO Housing. In the CIVIC project the 'Housing' relates to a community-based stralegy used to enable the transltlon from support to Inclusion. GEMS Nl's role was to contribute on employment inclusion as part of the transition process. Flnanclal Revlew Totsl Incoming r8sources avallable to GEMS Northem Ireland Limited for 202212023 was £1,261.687 (202112022 £1,048,078) This was set against expendlture of £1,190,456 (202112022 £1,047,299) for the year. The net Incoming resources for th8 financial year was £71,231 (202112022 incomlng £779) leavlng restricted funds of £2,2471202112022 £8,668) and unrestrlcted funds of £173,403 (202112022 £95.751) at the year end. The pdnclpal fundlng sources of Income to the charity were European Soclal Fund, Departsnent for the Economy, Antrim 8nd Newtownabbey Borough Council. BBC Chlldren in Ne8dlYouth Futures Foundatlon and Erasmus+ EU Commisslon and Belfast Clty Councll. Rosorves Pollcy The policy of the charlty Is to establlsh and maintsln sufflclent levels of reserves which ensure GEMS NS'8 core actlvltles could continue during a perlod of unforeseen dlfflculty and or meet contractual obligatlons should the organlsatlon have to close. Tha asplratlon of the Directors Is to have in place reserves equivalént to 3 months of the organisation's unrestricted exp8nditur8. To make a Judgement on the amount of r8s8rve, the truslees have considered thè rlsks In respect of expenditure, unrestrlcled income, and where approprlate, reslricted income and where funds can only be realised by the disposal of a fixed asset. The trustees hav8 also consldered the exiemal potsntlal major rlsks to Income and expenditure durfng the year under consid8ration. A risk assessment has been undertaken for the period 202312024 and the followlng approach identified after reviewing the charWs currant posStion using the Rlsk Identification Approach: Unrestrlcted Income Restricted Income Expendlture Medium Risk Low Risk Low Rlsk External Major Potontlal Rlsks The stability of the Nl Ex8cutlveldevolved institutions and their budgets Examination of past trends Thls pollcy will be reviewed by the trustses annually at its strategy meeting and bl-monlhly as part of the risk register reviéw. The Chief Ecutive will present the Trustee Board with a draft document and supporting materials that enables them to make an infomied decision regarding levels of SerVeS that informs their approval of the stralegy document and annual operaling budget. Going Concern The trustees have considered the position of the charfty and are of the opinion that there is sufficlent contrarted income for the medium lerm to secure the Immedlate future of the charty. The Charfty Is delivering UKSPF programmes (fundlng period 2023120251 and Belfast Clty Councll programmes (funding Page 14
GEMS NORTHERN IRELAND LTD Report of the Trustees Year Ended 31 March 2023 perlod 202312025) and wlll generat8 further funding from additional contracts for seNic6S. On this basis the assessment of the trustees is that th8 charity is a golng concem. Plans for Future Perlods The Charity's strateglc direction Is Informed by a number of k8y Issues and challenges that are befor8 it and other charitles Sn Northem Ireland that deliver servlces wlthin the context of European funding. We remaln acutely aware of the need to ensure the sustalnabllity of our seNlces. If our current delivery model is concluded or replaced to a suppliar Inc8nllve delivery model, this could place our seNlce beneficiaries (many of whom have complex needs that are not adequately met by the mainstream services avallablé) at certain disadvantage. We will focus our work wlth other like-minded organisations to d8v8lop service delivery models (Including those with the capaclty to 'scale up,) that we can bring to government and local govemmenl as solution$ to address, for example, economic inaclivity and worklessness or youth unèmployment, through an approach that Is underpinned by ensuring the dignlty and value of each servlce benefi¢iary is paramount wlthin the offer they receive. Notwilhstandlng many of our current prts3rammes are delSvered within a partn8rshlp approach, we wlll continue to explore the efflcacy of formalislng relationships with other organisations. Thls approach is dafln8d as one of economic realism and the future of tenderlng for contracts to deliver services that requira both èconomlc and delSvery capaclty. We believe thls approach Is both pragmatic and forward-thlnklng and enables the charfty to take all reasonable steps lo ensure the needs of Its servictrbeneficiaries are met. Th8 challenging landscape before us has compelled us to be both agi18 and declslve in our actlons lo ensure wa contlnue to provlde our servlces albeit in a very different envSronment TrustO•8' Re8ponslbllltle8 In relatlon lo the Flnanclal Stat•m#nts The charlty trustees (who are a180 the directors of GEMS Northern Ireland Llmlted for the purposes of company law) are responsible for preparing a trustees, annual report and financial statements in accordance with applicabl8 law and Unlted Kingdom Accounting Standards {Unlted Kingdom G8nerally Accepted Accountlng Practice). Company law requires the charlty trustees to prepare financial statements for each year whlch glve a true and falr view of the state of affairs of the charitable company and th8 group and of the incoming resources and appllcatlon of resources, Includlng the Income and expendilure, of the chatable group for that period. In preparing the financial statements, the trustees are required to- select suitsble accountlng policies and then apply them consistently, observa thè methods and principles In the Charities SORP. make judgements and estimates that are reasonable and prudent; stste whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explain8d in the financial statements; prepare the financial statements on the golng concern basis unless it is inappropriats to presume that the charity will Gontinue in business. The trustees are responsible for keeping proper accounting records that dlsclose with reasonable accuracy at any time Ihe financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also sponSible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Page15
GEMS NORTHERN IRELAND LTD Report of the Trustees Year Ended 31 March 2023 The trustees are responsible for the malntenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of flnancial statements may differ from legislation in otherjurisdictions. ststement as to dlsclosuro to our Audltors In so far as the trustees are aware at the time of approving our trustees, annual report: there Is no relevant Infomiation, being information needed by the audltor in connection wlth preparing thelr report. of whlch the company's auditor is unaware, and The trustees, having made enquiries of fellow directors and the company's auditor that they ought to have Indlvidually taken, have each tsken all steps that helshe is obliged to take as a director in order to make themselves aware of any relevant audit information and to estsblish that the auditor Is aware of that information. Declaratlon The Trustees declare that they have approved the Trustees. report above. Slgned on behalf of the Charlty's Trustees Slgnaluro: Slgnaturo: Full Name: Mr Kenneth nox Full Namo.. Mr Donal Colllns Posltlon: Director Posttlon: Director Dato: 2610912023 Dato: 2610912023 Page 16
Report of the Independent Auditors to the m6mbers of Gems Northérn Ireland Ltd (a company limited by guarantee) Oplnlon We have audited the financial statements of Gems Northern Ireland Ltd for th8 year ended 31 March 2023 whlch comprlses the Slatement of Flnanclal Acllville3, the Balance Sheet, the cash flow ststement and the noles to the accounts, including a summary of significant accountlng pollcles. The flnanclal r8POrtlng framework that has been applled In thelr preparation is applicable law and United Kingdom Accounting Stsndards, Including Financial Reporting Stsndard 102. The Flnancial Reporting Standard applicable in the UK and Rapublic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our oplnlon the financial statements.. - glve a true and falr view of the State of the charltsble company's affalrs as at yeer ended 31 March 2023 and of its incornlng resources and application of resources, including its Income and expendltura. for th8 year than ended. - have been properly prepared in accordance with United lfjngdom Generally Accepted Accountlng Practlce; and - have been prepared in accordance with the requirements of the Companles Act 2006. Basls for oplnlon We conducted our audlt In accordance wlth Intematlonal Standards on Audltlng {UK} (ISAS (UK)) and applicable law. Our responslbllltles under those standards are further described in the Auditorfs responsibilitiès for the 8udit of thé accounts section of our réport. We are Indép8nd8nt of the charity In accordance wlth the ethlcal requlremenls that are relevant to our audit of the accounts in the UK, including the FRC'S Ethical Slandard, and we have fulfilled our other ethical responslbllltles In accordance wlth these requlremenls. We believe that the audlt evldence we have obtained 18 sufficient and appropriate to provide a basis for our opinion. Conelu$lon$ rnlatlng to golng ¢onc•m In auditing ihe financial statements, we have concluded Ihal the trustees, use of the golng concern basis of accounting In the preparatlon of the flnanclal statements Is approplate. Based on the work we have perfomied, we have not Identified any material uncertalntles relatlng to ev8nts or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concem for a period of at least e1ve months from when the financial ststements are authorised for issue. Our responslbllltles and the r8sponslbllltles of the trustees with respect to golng concern are described in the relevant sectlons of this report. Page 17
Report of the Independent Audltors (contlnued) to the members of Gems Northern Ireland Ltd (a company limited by guarantee) Olher Inlorniatlon The other Inforrnatlon ¢omprlses the Infomauon In¢luded In the annual report, other than the accounts and our auditorfs report Ihereon. The Trustees are responsibl8 for the other information. Our opinion on the accounts doés not ¢ov8r the other Information and, except to the extént otheIs6 6xplicitly slated in our report, we do not express any form of assuranGe conclusion thereon. In connection with our audit of the accounts, our re5ponslbility is to read the other information and, In dolng so, conslder wh8ther the Other infomation is materially inconsistent with the accounts or our knowledge obtained in the audlt or olhernlse appears to be materfally mlsstated. If we Identlty such material inconsistenci8s or apparent material misstat8ment5. we are required to determine whether there is a material mlsstalemenl In th8 accounts or a materlal misstat8m8nt of the other Information. If, based on the work we have perfomied, we conclude that there is a materlal mlsstalement of this other information. we are requlred to report that fact. We have nothing to report in thls regard. Oplnlons on other matters prescrlbed by tha Companles Act 2006 In our opinion. based on the work und8rtaken In the course of our audil: - the Informatlon glven In the Trustees Report for the financial year for vthich the accounts are prepared is consistent with the accounts,. and the Trustees Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlr6d to rèport by excoptlon In the Ilght of the knowledge and understsnding of the Trustees and Its envlronment obtsln8d In the course of the audlt, we have not identified material misstslemenls in the Trustees Report. We have nothlng to report In réspect of the followlng matters in relation to which the Companies Act 2006 requires us lo report to you if, in our opinion.. - adequate accounllng records havé not b88n k8Pt, or returns adéquats for our audtt have not be8n received from branches not vlslted by us. or - th8 accounts are not in agreement with the a¢¢ounting records and returns. or certain disclosures of trustees, remuneration speclfied by law are not made., or - we hav8 nol received all the Infomiation and explanations we require for our audit. Responslbllltles of Trustees As explained more fully in the Statement of Trustees Resty)nslbilities. the Trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such Intemal control as the dlr8ctors detemiine is necessary to enabl8 the preparation of accounts that are free from material missL8lement, whether due to fraud or error. Page 18
Report of the Independent Auditors {contlnu8d) to the members of Gems Northern Ireland Ltd (a company limited by guarantee) In preparing the accounts, the Trustees are resF)onsible for assessing the charlvs ability to contlnue as a golng concern, disclosing, as appllcable. matters related to going concem and using the going concem basis of accounting unless the Trustees either intend to liquidate the company or to ceasa operations, or have no raallstlc altern8llve but to do so. Audltofs rospon8lbllltles for the audlt of the flnanclal slatements Our objectives are to obtain reasonabl8 assuranc8 about whether the accounts as a whole are fr88 from matèrial mlsstatémènt, whether du8 to fraud or èrror, and to Issué an audilorfs report that Includ6s our opinion. Reasonable assurance is a hlgh level of assurance, but is not a guarant88 that an audit conducted in accordance with ISAS (UK) will always detect a material mlsstat8m8nl when It exlsls. Misslatemenls can 8rlse from fraud or error and are considered malerial if, individually or in the aggregate. th8y could reasonably be expected to Influence the economic decislons of users taken on the basls of these accounts. Irregularities, including fraud, are Instsnces of non-¢omplian¢e with laws and régulallons. We deslgn procedures in line with our responslblllties, outlined above, to detect material misstatéments In respect of irregularities, Includlng fraud. The extent to which our procedures are capable of detectlng Irregularitl88, Includlng fraud, Is detailed below. We obtained an understanding of the legal and regulatory framework applicable to the company through enquiry of management, Industry research and the application of cumulative audit knowledge. We Identified the following principal laws and regulations relevant to the company- Companies Act 2006 and the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 102). We developed an understandlng of the key fraud rfsks to the entlty Ilncluding how fraud might occur), the controls in place to help mitigate those risks, and the accounts, balances and discl¢)sures wlthin the financlal statements which may be susceptible to management blas. Our understanding was obtained through review of the financial stalernents for significant accountlng estimates, analysis of joumal entries, walkthrough of the key contro15 cycles in place and enquiry of management. Our procedures to respond to those rfsks Identifled Included. but were not Ilmlted to.. Enquiry of management, those charged with govemance and the entity'5 solicitors around actual and poténtlal lIgatIon and clalms. Enquiry of management to idenlify any instances of non-compliance with laws and regulatlons. Reviewing minutes of meetings of those charged with governan. Reviewing financial statement disclosures and testing to supporbng documentation to assess compliance wlh applicable laws and regulatk)ns. Auditing the risk of management override of controls. Includlng through testing ]oumal entries and other adlustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business. P8ge 19
Report of th• Independent Auditors (continued) to the members of Gems Northem Ireland Ltd (a company limited by guarantee) A further descrlptlon of our responslbllltles for the audit of the accounts is located on the Flnancial Reportlng Council's w8bslt8 at: http.11¥.frc.0Tg.uk1audlt0rsreSpOnsIb1IItIe$. This description fomis part of our auditors report. This report is made solely to the charitsble companys members, as a body, in accordancè with Chapter 3 of Part 16 of th8 Companies Act 2006 and regulalons made under that Act. Our audlt work has beèn undertaken so thal we mlght state to the charStable companvs memb8rs those mattets wé are r8quired to stsle to them in an audltors. report and for no othèr purpose. To thé fullest extent pemitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members as a body. for our audit work, for this repor( or for the oplnlons w8 hav8 fomied. JL Grant (Sonlor Slatutory Audltor) for and on behalf of FPM ACCOUNTANTS LTD Chartered Accounlants & stalutory Audltor Unlt 1, Bulldlng 10 Central Park Mallusk Co Antrlm BT36 4FS Dato Pa98 20
GEMS NORTHERN IRELAND LTD Statsment of Financial Activities (Incorporating an income and expenditure account) for the year ended 31 March 2023 Total Funds 2023 Total Funds 2022 Unrestrietèd Rastrlctsd Nota$ Incomo and endowmonts from: Charftsble Actlvlttes 437,862 823,825 1,261,687 1,048,078 Total Income and •ndowmonts 437,862 823.825 1,261,687 1,048,078 Expendlture on: Charitsble ACtivIe¥ (350.451) {830,2461 (1,180,697) (1,047.299) Totsl Expgndltur• (350,451 1830,246) (1,180,6971 (1.047,299) Net Income 1 (•xpandlturel for tha year before transfors 87,411 80,990 779 Transfers baeen funds Not movemont In funds 87,411 {6,421) 80.990 779 Roconclllatlon of funds Fund balances brought forward 95,751 8,668 104,419 103.640 Fund balances carrfod forward 14115 183.162 2,247 185,409 104.419 All Incom8 derfv8s from conllnulng actiwties. therefore no st8t8ment of recognlsed gains or losses Is glven. The notes on pages 24 to 30 form part of thes8 fflnancial ststements. Pago 21
GEMS NORTHERN IRELAND LTD Balance Sheet as at 31 March 2023 Note 2023 2022 Flxed Assets Tangible assets 10 8,184 6,628 Current A65ets Debtors Cash at bank and in hand 11 246,745 135,845 382,590 195,785 58,311 254.096 Credltors: amounts falling due wlthln one y8ar 12 197,633 139,481 NET CURReNT ASSETS 184,957 114.615 TOTAL ASSETS LESS CURRENT LIABILITIES 193,141 121,243 Credftors: amounts falling due greater than one year 13 7,732 16,824 NEf ASSETS 185409 104,419 Represented by: Unrastrfcted Funds 14 183,162 95,751 Re8trlct•d Funds 15 2,247 8,668 185,409 104,419 These financl81 statements have beén prepared in a¢cordance wlth the speclal provlslons of Part 15 of the Companies Act 2006 r8latlng to small companlés. The financlal statements were approved by the Board and slgned on tts b8half'. 2610912023 Dats Mr D Colllns Dirèctor Cornpany No: N1059280 Th8 notes on pages 24 to 30 form part of these financlal statements. Page 22
GEMS NORTHERN IRELAND LTD Cash Flow Statement as at 31 March 2023 2023 2022 Noto Cash Used In Oporatlng Actlvlties 17 102.605 25,051 Purchase of propety planl and equlpment (5,184) (5.167) Cash provlded by {used Inl Investlng actlvltles 5,1841 5,167 Cash Flow from flnanclng actlvlti Rapayment of Borrowlng Cash used In flnanclng aclvltles Increase {de¢reas8) In cash and cash equlvalants in the year 97,421 30,218 Cash and c8sh equlvalents 8t the beginning of the year 50,829 20,611 T¢)tsl Caoh and Cash Equlvalonts at the end of the year 18 46,592 50,829 Page 23
GEMS NORTHERN IRELAND LTD Notes to the Financial Statements for the year ended 31 March 2023 1 ACCOUNTING POLICIES The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of thé financial statamÉnts aré as follows: 8) Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Praclice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard appllcable In the UK and Republlc of Iland IFRS 102) and the Companies Act 2006. The charlty meets the d8finltlon of a public benefit entily under FRS 102. Assets and1Sablllties are intially recognlsed at hlstorfcal cost or transaction value unless otherwise stated In the relevant accounting policy notelsl . b) Preperation of th8 accounts on a going concem basis The trustees have consldered the po8ltlon of the charity and are of the opinion that there Is sufficlent contracted income for the medium term to secure the immediate future of the charity. The Charity is dellvering UKSPF programmes {fundlng perlod 202312025) and Belfast City Council programmes (funding period 202312025) and will generate further funding from additional contr8Ct8 for services. On this basls the assessment of the trustees 18 that the charlty is a going concem. c) Fund Accounting General funds are unrestrlcted funds whlch are available for us8 at th8 discretion of the Trustees in furtherance of the gèneral obl8ctlv8s of the Charity and which have not been deslgnated for other purposes. Restricted funds ar8 funds whlch ar8 to be used In accordance wlth specific restricuons Imposed by donors or which have been ralsed by the Charity for particular purposes. The cost of ralslng and administerlng such funds are charged agalnst the specific fund. The alm and usa ol r6strfct8d funds is set out in the notes to the financlal statements. Restricted funds may only b8 transferred to general once the criteria for restriction have been discharged or no longer apply. d) In¢om8 R8cognltlon Pollcles ltsms of Income are recognised and included in the accounts when all of the following crtteria are met: The charity has entitlement to the funds- any perfomanc8 conditlons attached to the Item of Income has been met or are fully wlthln the control of the charity. there is sufficient certainty that recoipt of the income is considered probable., and • the amount can be measured raliably Revenue grants are credSled to Incomlng resources on the earlier date of when they are recelved or when they are receivable. unless they relate to a Specified future perlod, In which case Ihey are deferred. e) Interest Receivable Interest on funds held on deposit Is included when receivable and the amount can be measured reliably by the charlty- thls Is nonnally upon notlfScatlon of the Interest paid or payable by the Bank f) Expenditure and iffecoverable VAT Expenditure Is recognis8d onc8 there Is a18gal or constructive obligation to make a paym8nt to a third party. it is probable that settlem9nt will be required and the arnount of the obligation can be measured reliably. Expenditure is clsssified under the following activity headings= Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and th8ir associated support costs Page 24
GEMS NORTHERN IRELAND LTD Notes to the Flnanclal Statemants for the year ended 31 March 2023 1 ACCOUNTING POLICIES (continued) Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. g) Cash at bank and in hand Cash at bank and cash in hand includes cash and shori lerm highly liquid investments with a short maturity of three months or less from th8 data of acquisition or opening the deposit or sirnilar account. h) Allocatlon of support costs Support costs are those functlons that asslst the work of the charity but do not directly undertake charitable activltles. Support costs include back office costs, finance, personnel, payroll and govemnace costs which support the Charlty's programmes and actlvltles. i) Tangible Fixed Assets Tangible fixed assets are stated at cost less depreciation. Depreciatlon Is provlded at rates calculated to vffite off the cost or valuation of flxed assets. less thelr 8stimated resldual value, over th8ir 8xpected useful lives on th8 followlng ba51s= Equipment 33.33 /0 Th8 carying values of tangible fixed assets are reviewed for impairment when events or circumstances Indlcate the carrylng value may not be recoverable. j) Debtors Trade and other debtors arg recognised at the settlement amount du8 after any trade discount offered. Prapayments are valued at the amount pr8paid after taking account of any trade discount due. k) Cr8ditors and Provisions Creditors and provisions are reeognis8d wher8 the chadty has a present obligation resulting from past event that wlll probably result In th8 tr8nsfer of funds to a third party and the amount due lo settSe the obligatlon Can be m8asured or estimated rellably. Credltors and provlsions are normally recognised at their settlement amount after allowing for any trade dlscounts due. 11 Financial Instruments The trust only has financial assets and financlal liabilities of a klnd that qualify as baslc flnancial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with Ihe exception of bank loans which ara subsequently measured at the carying valu8 plus accrued interest less repayments. The financing charge to expenditure is at a Constant rate calculated usln9 the eff8Ctlve int8rest method, m) Pensions Th8 company operates a defined contribution pension scheme. Contributions are charged in the ststement of financial actlvltles as they become payable In accordance Wlth the rules of the scheme. n) Finance and operaling leases Rentals applicable to operating18ases are Charged to the SOFA over the period in which the cost is incurred in equal amounts. Assets purchased under finance leases are ¢apitalised at their fair value at the inception of th8 contracts and depreciated over their estimated useful Iiv8s. Obligations under such agreements are included in creditors. The difference beleen the capitalised cost and th& total obliagation under the lease r9pr8S8nts the finance charges. Flnanc8 charges are allocated over the period of the lease in proportlon to the capital amount outstanding. Page 25
GEMS NORTHERN IRELAND LTD Notes to the Financial Statements for the year ended 31 March 2023 1 ACCOUNTING POLICIES {continued} o) Taxation Thè company is a registered charity and the charitable tax exemptions are therefore being claimed to the extent that Income andlor gains ar6 appllcable and applied to charitabl6 purposes only. These exemptions will remaln In plac8 as long as income and expendltur8 is applied to charitab18 purpos8S only. p) Critical a¢¢ountlng estlmales and judgements In the application of the company's accounting policles. Ihe trustees are required ta make ludgemenls. estimates and assumptlons about the carrying amount of assets and Ilabilltles that are not readily apparent from other sources. The estimates and assoclated 8ssumptlons are based on historlcal experience and other fgctors that are consldered to be relevant. Actual results may differ from thesg estlmales. The estimat88 and underfylng assumptions arg reviewed on an ongoing basls. Revisions to accounting estimates are recognised in the perlod In which the estimate is r8vIs8d where the revision affects only that perlod, or in the period of the revlslon and future perlods where the revlslon affects both current end future peri(xls. The trustees conslder that there are no materlal areas ofludgement or estlmation uncertalnty. 2 Legal Status of the Charlty The charity is a company limltad by guar8nt8e and has no share capltal. In the evént ofthe charity belng wound up th8 liablllty In respect of the guarentee is limited to £1 per member of the charity. 3 Incom• from Charltable Actlvltlo8 Total Funds Total Funds 2023 2022 Unro$trlctad R•strlct•d Departsn8nt lor Employment and Leamlng Erasmus Plus ITER Project CFSP USDT B Works USDT BCC Academy Antrlm & Newtownabbey 8orcugh Councll Melody Projoct Calling Project Family School N8tOrk Prole¢t Miscellaneous Income BBC Chlldren In Need ROMA Civlc 1 EULAB- Makes Sense Covid Grants Belfast City Council PublSc Heath Agency Radius 444,289 444,289 54,002 88,635 426,735 5,186 1,883 734,041 133,592 74,925 54.002 88,635 256,041 5,186 1,883 170,694 5,760 (202) 12.973 18,411 390 38,455 4,608 23,710 31 16,266 2.776 31 16,268 2.776 27,791 2,000 14,229 3.000 144.437 4,975 25,452 27,791 2,000 14,229 3,000 144,437 4,975 25,452 1.415 437,862 823,825 1,261.687 Th8 2022 Income from charitable activities VRS split be88n unreslricled of £258,703 and restricted of £789,375. 1048,078 Page 26
GEMS NORTHERN IRELAND LTD Notes to the Flnancial Ststsments {¢ont) for the year ended 31 March 2023 4 Results for the year The results for the year has been arrived at after charging the following: 2023 2022 Depreclation 3,628 2,351 S Analysls of expendlture on ¢harltable a¢tlvltl•$: Total Funds Total Funds 2023 2022 Unr•strlct•d R•strlcted Employment Servic8s Initiative8 Projects and programmes Support Costs Govemance Costs 259,228 259,228 604,045 305,936 11,488 199,682 580,156 261,165 6,296 604,045 221,488 4,713 84,448 6,775 The 2022 expendlture on charltabl8 acUvlt18s was split belween unrestricted of £264.069 and restrl¢led of £783,230. 6 Analy8ls of governance and support costs: The charity Initially identifies the costs of Ils support functions. It then identifies those costs whlch relate to the governance function. Governance costs and other support costs are apportioned seperately be98n the charltable actlvlty undertaken In Actlvltles undertaken dlrectty support Governance Total Funds Total Funds Costs Co8t• 2023 2022 Employment Services Initiatives Projects and programme$ 259,228 604,045 84,448 221,488 6,775 4,713 350,451 830,246 264,069 783.230 7 Staff costs and tho cost of key managemant porsonn•l 2023 2022 Salaries and Wages Employers Nallonal Insurance Other Pension Costs 684,684 601,436 68,152 52.291 45.304 43.358 798,120 697 085 One employee had emoluments in excess of £60,000 (2022: None). Th8 key management personnel of the charlty comprise the Trustees, the Chair. the CEO. Director of Employment Services. Director of Corporate Service5 and the Director of Operatlons. The total employee benefits of the key management personnel of the charity were £195,006. The average monthly head count was 28 staff and the average monthly number of full me equlvalent employees (including casual and part time stsff) during the year was as follows: 2023 Number 21 2022 Number 19 Number of Project staff Number of Admlnlstratlve Staff Number of senior management staff 28 26 Page 27
GEMS NORTHERN IRELAND LTD Notes to the Financial Statements (cont) for the year ended 31 March 2023 8 Trustea8' Emoluments The charity Trustees were not paid or received any other benefits from employment with the charity in the year (2022: £nil) netther were they reimbursed expenses during the year {2022: £nll). No charity Trust88 récelved payment for professional or other services supplled to the charfty (2022.. £nll). 9 Related Party Transactlon8 None of Ihe Trustees receive remuneratlon or other beneflt from thelr work wlth the charlty. Any Connection between a Trustee or senior manager of the charity with organisations the charfty works with must b8 dlsclosed to the full Board of Trustees In the same way as any other contractual relallonshlp with a related paty. 10 Tangible Fixed Assets Computfjr Equlpment CosL' As at 1 April 2022 Addltions 85,465 5,184 As at 31 March 2023 70.649 Depreciation: As at 1 April 2022 Charge for the year 58.837 3,628 As at 31 March 2023 62,465 Net Book Value As at 31 March 2022 ,628 As at 31 March 2023 8,184 11 Debtors 2023 2022 Prepayments, accrued income and other debtors 246,745 195.785 246,745 195,785 12 Credltors.. amounts falllng due wlthln one yoar 2023 2022 Bank loans and overdrafts Taxation and social security Accruals and Def8rred Income 81.521 77.022 39,090 92,318 14,729 32,434 197,633 139,481 Pag8 28
GEMS NORTHERN IRELAND LTD Notes to the Flnanclal Statements (cont) forthe ar ended 31 March 2023 2023 2022 Movomant In D•f•rrnd Incomo: As at 1 April Rèsourcès defeffed during the yaar Amounts released from previous years As at 31 March 15,158 7.945 15,158 7,945 28.463 113,3051 15,158 13 Cr•dltorn: amounts lalllng du• great•r than on• y•ar 2023 2022 B8nk loAn$ 7,732 16.824 14 Anal18 of Mov•m•nts In Unr••trlctsd Fund• Funds u •1 31 M•rch 2023 Openlng 8alanc• In¢•mlng R••ourc•s Re•oure•* Exp•nd•d Gan•ral Fund8 95,7S1 437.862 1350.451) 183.162 T¢)tal 95,751 437.862 350.451 183.182 Name of Unr•strlct•d Fund G•n8ro1 Fund D••crfptSon. nature •nd purpoM• of th• fund Th• Yr•• rns•rv•s' lor uso In th• tharlty 15 Analy•l• of Mov•m•nts In R••trl¢t•d Fund• Fund• as at 31 March 2023 Op•nlnq Balan Incomlng R•gourc•• R••ourc•• Expendod CFSP C¢>MENT Erasmus Plu8 Antrlrn & Nowtownabb•y Borough Councll BBC Chlldr•n In N••d USDT B Works USDT BCC Acaderny 13) 18} 591 88,635 444,289 188,6351 1444,2891 15911 11,8831 133,6211 1258,0411 15,1861 131 181 1,883 27,791 256,041 5,188 8.088 2,256 T¢)tsl 8.668 823 825 830,246 2.247 16 Amlygls of n•t ••••t8 b•tw••n funds Unr•$trfct•d R•$trl¢t•d Fund Funds Total Fed Assels Net current a88els Creditors: amounts fallin9 dug 9rgaler than ong year 5.92 184,968 17.7321 2,258 {11} 8,184 184,957 17.732) Total 183,162 2,247 18SA09 Page 29
GEMS NORTHERN IRELAND LTD Notes to the Financial Statéments (cont) for the ear ended 31 March 2023 17 Reconcllllatlon of net movement In funds to net cash flow trom oporatlng actItIOs. 2023 2022 Net movement in funds Add back depreciation char99 Decrease l (increase) in debtors Increase l {decreasel in credltors 80,990 3,628 150,960) 68,947 779 2,351 114.773) 113,408) Not Cash u8•d In oporatlng actlvltlos 102,605 25,051 2023 2022 18 Analysls of cash and cash equlvalents Cash in Hand Bank Loans and Overdrafts 135,845 (89,2531 58,311 (109.140) 46,592 50,829 Pag8 30
GEMS NORTHERN IRELAND LTD MANAGEMENT INFORMATION YEAR ENDED 31 MARCH 2023 The followlng pages do not fomi part of tho 8tatutory flnanclal 8tatemont• whlch arn tho subject of tha Indopendent audltofs report on pages 17 to 20. Page 31
GEMS NORTHERN IRELAND LTD Detailod Statement of Financial Actlvltles for the ar ended 31 March 2023 Employment Servlces Inltlatlves Charltablé Activity 2023 2022 Actlvltles undertaken dlrectly Staff ¢osts- Wages & Salaries Staff costs- Employers NIC Staff costs- Pension costs Client and staff training Motor and travel costs Marketing and publiclty materlal Mentoring, project admin and management Partner tralnlng costs and bursarles Particpants costs Gateway to Cholc8 Prolecl App 86,473 7,667 13,513 11,720 4,588 50,928 4,291 7,989 4,331 1,861 151 117,515 12,566 50 63,717 31,522 40,048 259,228 199,682 Support costs Staff costs - Wages & Salarlas Staff costs - Employerfs NIC Staff costs - Penslon costs Establishment- Rent Establlshment- Light & heat Establishment- Repair5 & maintenance Establishment- Insurance Office expenses - Telephone Exchange Igalnslllosses Legal and Professional Fees Computer Consumables Prlntlng, postage and statlonery Sundry Expenses Office & IT 8qulp costs Hospitallty Bank Charges Depreclatlon 18.602 2,556 4.504 21,840 11,146 708 1,860 2,463 (598) 3,666 1,100 3,654 1,017 4,418 755 11,255 1,430 2,663 18,554 731 377 890 1.978 1,600 3,216 4.531 2.586 2.301 1,169 503 5,667 1,035 60,486 693 84,448 Gov8rnance costs Audlt and accountancy fees 8oard 5,422 1,353 6,775 3.901 3,901 Total Employment Servlces Inklatfves Costs 350,451 264,069 Pagè 32
GEMS NORTHERN IRELAND LTD Detalled Statement of Flnanclal Activitles for the ar ended 31 March 2023 Projects and Programme8 Charltable Acthrtty 2023 2022 A¢tlvlll&s undartaken dlrnctly Staff costs - Wages & Salaries Staff costs - EmployeVs NIC Staff costs - Pension costs Cllent and staff tralnlng Motor and Travel costs Marketing and publlclty matertal Mentoring, project admln and management Quallty Management 434.692 43,447 20,465 10,392 1,410 1,999 89,120 2,520 604,045 402,351 37.016 24,530 6,265 3,690 60 106,244 580,156 Support costs Staff cosls - Wages & Salarles Staff cosl$- Employer's NIC Staff costs- Pension costs Establlshm8nt- R8nt Establishment- Light & heat Establishment- Repairs & maintenance Establlshment- Insurance Office expenses - Telephone Legal and professlonal fees Computer consumabl88 Printing, postage and statlonery Sundry Expenses Bank Charggs Depreciation 144,897 14,482 8,822 18,997 9,693 612 1,619 2,137 3,183 6,734 3,183 885 5,308 2,936 221,488 136,902 9,554 8,177 19,823 5,979 231 2,065 1,213 1,973 3,500 2,268 4,353 3,525 1,316 200,679 Governance costs Audit and aGwuntancyfees 4,713 2,395 Total Employment Servlces Inltlatlves Costs 830,246 783,230 Pag8 33