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2025-03-31-accounts

St Teresa's Youth Centre Independent Examiner's Revort to the Trustees of St Teresa's Youth Centre Year ended 31 March 2025 ee ee

| report to the trustees on my examination of the financial statements of St Teresa's Youth Centre (‘the charity’) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008 (the ‘2008 Act’). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.

| report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination | have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.

independent examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. | confirm that | am qualified to undertake the examination because | am a member of Chartered Accountants Ireland, which is one of the listed bodies.

I have completed my examination. | confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:

  1. accounting records were not kept as required by with section 63 of the 2008 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of the 2008 Act; or

  4. _ the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

| confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

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LL DA (DAR
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Mr John Beacom Independent Examiner

427 Holywood Road Belfast BT4 2LT

27 January 2026

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St Teresa's Youth Centre Independent Examiner's Report to the Trustees of St Teresa's Youth Centre

Year ended 31 March 2025

iteen

| report to the trustees on my examination of the financial statements of St Teresa's Youth Centre (‘the charity’) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008 (the ‘2008 Act’). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.

| report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination | have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.

Independent examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. | confirm that | am qualified to undertake the examination because | am a member of Chartered Accountants Ireland, which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:

  1. accounting records were not kept as required by with section 63 of the 2008 Act; or

  2. the financial statements do not accord with those records; or

  3. _ the financial statements do not comply with the accounting requirements of the 2008 Act; or

  4. _ the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

| confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Mr John Beacom Independent Examiner

427 Holywood Road Belfast BT4 2LT

27 January 2026

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St Teresa's Youth Centre

Statement of Financial Activities

Year ended 31 March 2025 a? eta eeeahd

2025 2024
Unrestricted
funds
Restricted
funds
Totalfunds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies
Charitable activities
4
5
2,467
25,805
173,248
-
175,715
25,805
168,917
28,225
Othertrading activities
Investmentincome
6
7
46,148
680
-
-
46,148
680
46,347
497
Other income 8 7,702 - 7,702 5,000
Total income 82,802 173,248 256,050 248,986
Expenditure
Expenditure on raising funds:
Costs ofothertrading activities
Expenditure on charitable activities
9
10,11
15,588
65,657
-
165,943
15,588
231,600
14,190
225,654
Total expenditure 81,245 165,943 247,188 239,844
Net income and netmovement in funds 1,557 7,305 8,862 9,142
Reconciliation offunds
Totalfunds brought forward 102,638 14,681 117,319 108,177
Totalfundscarriedforward 104,195 21,986 126,181 117,319

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 20 to 28 form part of these financial statements.

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St Teresa's Youth Centre

Statement of Financial Position

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|||||||||| |---|---|---|---|---|---|---|---|---| |31|March|2025.| |e|ee|~|enLe| |2025|2024| |Note|£|£| |Current|assets| |Debtors|15|-|1,964| |Cash|at|bank|and|in|hand|134,185|118,602| |134,185|120,566| |Creditors:|amounts|falling|due within|one|year|16|8,004|3,247| |Net|current assets|126,181|117,319| |Total|assets|less|current|liabilities|126,181|117,319| |Net assets|126,181|117,319| |Funds|of the|charity|;| |Restricted|funds|21,986|14,681| |Unrestricted|funds|104,195|102,638| |Total|charity funds|17|126,181|117,319|

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These financial statements were approved by the board of trustees and authorised for issue on 27 January 2026, and are signed on behalf of the board by:

Ms Bridget Bradley Trustee

The notes on pages 20 to 28 form part of these financial statements.

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St Teresa's Youth Centre

Statement of Cash Flows

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|||||||||| |---|---|---|---|---|---|---|---|---| |Year|ended|31|March 2025|Fed| |aaa| |2025|2024| |£|£| |Cash|flows|from|operating|activities| |Net income|8,862|9,142| |Adjustments|for:| |Other|interest|receivable|and|similar income|(680)|(497)| |Accrued|expenses|5,124|2,880| |Changes|in:| |Trade|and|other debtors|1,964|(1,964)| |Trade|and|other|creditors|(367)|367| |Cash generated|from|operations|14,903|9,928| |Interest|received|680|497| |Net cash from|operating|activities|15,583|10,425| |Net|increase|in|cash|and|cash|equivalents|15,583|10,425| |Cash|and|cash|equivalents|at beginning|of year|118,602|108,177| |Cash|and cash|equivalents|at end|of year|134,185|118,602|

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The notes on pages 20 to 28 form part of these financial statements.

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Notes to the Financial Statements Year ended 31 March 2025 -

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St Teresa's Youth Centre

1. General information

The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is 131A Glen Road, Belfast, BT11 8BL.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008.

  1. Accounting policies

First year adoption of accurals accounting

This is the first year the Charity has prepared its accounts using the accrual basis of accounting. Previously, the accounts were prepared on a receipts and payments basis. It has been deemed impractical to restate the prior year comparatives to conform to the accrual basis due to the nature of the records previously maintained. Consequently, the prior year comparatives remain presented on a receipts and payments basis. Users of these financial statements should consider this difference when interpreting the comparative information.

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

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St Teresa's Youth Centre Notes to the Financial Statements (continue) Year ended 31 March 2025 Fe eee

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: ;

Resources expended

Expenditure is recognised on an accruals basis asa liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

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St Teresa's Youth Centre Notes to the Financial Statements (continued) Year ended 31 March 2025 Ag I

3. Accounting policies (continued)

Financial instruments (continued)

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate,in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

  1. Donations and legacies

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Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Donations
Donations 2,467 - 2,467
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St Teresa's Youth Centre

Notes to the Financial Statements (continued)

Year ended 37 March 2025

wie

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||||||||| |---|---|---|---|---|---|---|---| |4.|Donations|and|legacies|(continued)| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2025| |£|£|£| |Grants| |Education|Authority|- Core|Grant|-|99,160|99,160| |Education|Authority|- Management|information| |System|-|1,000|1,000| |Education|Authority|-|Learning|& Achieving|-|20,534|20,534| |Education|Authority|- Planned|intervention|-|5,998|5,998| |National|Lottery|Funding|-|-|-| |Halifax|-|4,950|4,950| |BBC|Children|in|Need|-|21,606|21,606| |Belfast|City|Council|-|20,000|20,000| |Holy|Trinity|Detached|-|-|-| |JL12|-|Charity|-|-|-| |Glen|Parent|Youth|-|-|-| |Victoria|Home|Grant|-|-|-| |2,467|173,248|175,715| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2024| |£|£|£| |Donations| |Donations|-|_|ES| |Grants| |Education|Authority|- Core|Grant|-|96,823|96,823| |Education|Authority|- Management|information| |System|-|-|-| |Education|Authority|- Learning|& Achieving|-|17,225|17,225| |Education|Authority|-|Planned|intervention|-|-|-| |National|Lottery|Funding|--|9,812|9,812| |Halifax|-|-|-| |BBC|Children|in|Need|-|19,277|19,277| |Belfast|City|Council|~|4,086|4,086| |Holy|Trinity Detached|-|10,906|10,906| |JL12|-|Charity|~|1,800|1,800| |Glen|Parent Youth|-|5,462|5,462| |Victoria|Home|Grant|-|3,526|3,526| |-|168,917|168,917| |5.|Charitable|activities| |Unrestricted|Total|Funds|Unrestricted|Total|Funds| |Funds|2025|Funds|2024| |£|£|£|£| |Programmes &|Outings|25,805|25,805|28,225|28,225|

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3

St Teresa's Youth Centre

Notes to the Financial Statements (continueg)

Year ended 31 Marcin 2025

i

6. Othertrading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Subscriptions
Trading income
21,580
24,568
21,580
24,568
23,026
23,321
23,026
23,321
46,148 46,148 46,347 46,347
7. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Bank interest receivable 680 680 497 497
8. Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Otherincome 7,702 7,702 5,000 5,000
9. Costs ofothertrading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Costs ofothertrading activities - Shop
costs
15,588 15,588 14,190 14,190
40. Expenditure on charitable activities byfund type
Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Youth Centre Activity
Support costs
62,777
2,880
165,943
-
228,720
2,880
65,657 165,943 231,600
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Youth Centre Activity
Supportcosts
60,908
3,980
160,766
-
221,674
3,980
64,888 160,766 225,654

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St Teresa's Youth Centre

Pad.

Notes to the Financial Statements (continued)

Year ended 31 March 202%

11. Expenditure on charitable activities by activity type

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|||||||| |---|---|---|---|---|---|---| |Activities| |undertaken|Support|Total|funds|Total|fund| |directly|costs|2025|2024| |£|£|£|£| |Youth|Centre|Activity|228,720|-|228,720|221,674| |Governance|costs|-|2,880|2,880|3,980| |228,720|2,880|231,600|225,654|

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12. Independent examination fees

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|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£| |Fees|payable|to|the|independent|examiner|for:| |Independent|examination|of the financial|statements|2,400|2,400|

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |13.|Staff|costs| |The|total|staff costs|and|employee|benefits|for the|reporting|period|are|analysed|as|follows:| |2025|2024| |£|£| |Wages and|salaries|149,379|147,481| |The|average|head|count|of employees|during|the year was|11|(2024:|11).|

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No employee received employee benefits of more than £60,000 during the year (2024: Nil).

Key Management Personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £42,955 (2024:£44,991).

14. Trustee remuneration and expenses

° no trustee expenses have been incurred;

15. Debtors

Other debtors

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2025 2024
£ £
- 1,964
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St Teresa's Youth Centre

we

Notes to the Financial Statements (continued)

Year ended 31 March 2025.

16. Creditors: amounts falling due within one year

Creditors: amounts falling due within one yearyear
2025 2024
£ £
Trade creditors - 367
Accruals and deferred income 8,004 2,880
8,004 3,247

17. Analysis of charitable funds

Unrestricted funds

At
At 31 March
1 April 2024
£
Income
£
Expenditure
£
Transfers
£
2025
£
General funds 102,638 82,802 (81,245) - 104,195
At
At 31 March
1 April 2023
£
Income
£
Expenditure
£
Transfers
£
2024
£
General funds 102,406 80,069 (79,078) (759) 102,638

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&

Nin

St Teresa's Youth Centre

Notes to the Financial Statements (continueg)

Year ended 31 March 2025 ht

17. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
At
At 31 March
1 April 2024
£
Income
£
Expenditure
£
Transfers
£
2025
£
Education Authority -
Core
- 99,160 (99,160) - -
Halifax
BBC - Children in Need
-
3,069
4,950
21,606
'
-
(24,675)
-
-
4,950
-
Belfast City Council - 20,000 (3,964) - 16,036
Education Authority -
Learning +Achieving
National Lottery
-
9,812
20,534
-
(20,534)
(9,812)
-
-
-
-
Holy Trinity Detached - - - - -
Victoria Home - - - - -
JL Charity 1,800 - (1,800) - -
Glen Parent Programme - - - - -
Belfast City Council -
Summer & Park events - - - - -
Education Authority -
Planned intervention
- 5,998 (5,998) - -
Education Authority -
MIS Support
- 1,000 - - 1,000
14,681 173,248 (165,943) - 21,986
At
At 31 March
1 April 2023 Income Expenditure Transfers 2024
£ £ £ £ £
Education Authority -
Core
- 96,823 (96,823) - -
Halifax
BBC -Children in Need
-
5,771
-
19,277
-
(21,979)
-
-
-
3,069
Belfast City Council - - - - -
Education Authority -
Learning +Achieving
National Lottery
Holy Trinity Detached
Victoria Home
-
-
-
-
17,225
9,812
10,906
3,526
(17,225)
-
(10,906)
(3,526)
-
-
-
-
-
9,812
-
-
JL Charity
Glen ParentProgramme
-
-
1,800
5,462
-
(5,462)
-
-
1,800
-
Belfast City Council -
Summer& Park events
- 4,086 (4,845) 759
Education Authority -
Planned intervention - - - - -
Education Authority -
MIS Support - - - - -
5,771 168,917 (160,766) 759 14,681

NN

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St Teresa's Youth Centre

fi

Notes to the Financial Statements (continued)

Year ended 31 March 2025

5

17. Analysis of charitable funds (continued)

Refer to the Trustees report for information on restricted funds.

18. Analysis of net assets between funds

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2025| |£|£|£| |Current|assets|112,199|21,986|134,185| |Creditors|less|than|1|year|(8,004)|-|(8,004)| |Net assets|104,195|21,986|126,181| |Unrestricted|Restricted|Total|Funds| |Funds|Funds|2024| |£|£|£| |Current|assets|105,885|14,681|120,566| |Creditors|less|than|1|year|(3,247)|-|(3,247)| |Net|assets|102,638|14,681|117,319| |19.|Analysis|of changes|in|net debt| |At| |At1|Apr 2024|Cash|flows|31|Mar 2025| |£|£|£| |Cash|at|bank and|in|hand|118,602|15,583|134,185|

----- End of picture text -----

  1. Contingencies

A legal claim has been brought against the Committee of St Teresa's Youth Centre in relation to an injury. The case remains ongoing, no court date has been set, and the charity's insurers have appointed a solicitor.

At the date of approval of these financial statements, the outcome of the claim is uncertain and no reliable estimate of any potential financial impact can be made. Accordingly, no provision has been recognised. The matter is disclosed as a contingent liability and will be monitored as further information becomes available.

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28

St Teresa's Youth Centre

Management Information

Year ended 31 March 2025

The following pages do not form part of the financial statements.

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St Teresa's Youth Centre

Detailed Statement of Financial Activities

Year ended 31 March 2025

'

ee ———

2025 2024
£ £
Income and endowments
Donations and legacies
Donations
Education Authority -Core Grant
Education Authority -Management information System
Education Authority - Learning &Achieving
Education Authority - Planned intervention
National Lottery Funding
Halifax
BBC Children in Need
BelfastCityCouncil
Holy Trinity Detached
JL12 -Charity
Glen ParentYouth
Victoria Home Grant
2,467
99,160
1,000
20,534
5,998
-
4,950
21,606
20,000
-
-
~_
-
-
96,823
-
17,225
-
9,812
-
19,277
4,086
10,906
1,800
5,462
3,526
175,715 168,917
Charitable activities
Programmes&Outings
25,805 28,225
Other trading activities
Subscriptions
Trading income
21,580
24,568
23,026
23,321
46,148 46,347
Investment income
Bank interest receivable
680 497
Other income
Other income
7,702 5,000
Totalincome 256,050 248,986

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St Teresa's Youth Centre

Notes to the Detailed Statement of Financial Activities

Year ended:31 March 2025

Year ended:31 March 2025 se
2025 2024
£ £
Costs ofother trading activities
Costs of othertrading activities
Shop costs -purchases
-Shop costs 15,588 14,190
Costs ofothertrading activities 15,588 14,190
Expenditureon charitable activities
Youth Centre Activity
Activities undertaken directly
Wages/salaries
Light& heat
Repairs&maintenance
Insurance
149,379
6,483
14,411
2,719
147,481
10,839
5,487
2,837
Legal and professional fees
Telephone
Other office costs
400
1,538
5,038
700
2,360
5,284
Community Projects& Programmes
BankCharges
48,585
167
46,508
178
228,720 221,674
Governance costs
Governance costs -accountancy fees 2,880 3,980
Expenditureoncharitableactivities 231,600 225,654
Total expenditure 247,188 239,844
Netincome 8,862 9,142

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