On Street Community Youth Accounts for the year ended 31 March 2023
On Street Community Youth Contents Page Inforiiiation Maiiageincnt Committee Report Independent Examinerfs Report Statement of Fiijancial Activities Balance sheet Note5 to tlie accounts 6-12
On Street Community Youth IDformation Accountants McGroaty Mccaffety & Company Ltd Accountants & T&x Consultants 2 Carlisle Terrace Deny BT48 6JX Address l A Fairview Road Derry BT48 8NU eh&riiy No: N100972 Nl Charlty No: NIC101918 Banke AIB (NI) Meadowbank Derry BT48 7TN Cliairpcrson Martin Connolly Vlce Cliairporson Elislia Mccallion Sceretary Nicola Mullan Treasurer Caroline Ming Conimittce Mcmbers Tommie Mullan Brian Tiemey Sandra Duffy Garetli Blackery Charley Mellon Page I
On Street Community Youth Report to Management Committee The Management Coinmittee present their report and the financial statements for the year ended 31 March 2023. Objectives and activitie5 The charity is established to provide, maintain and promote facilities and activities of a social, spiritual, Gultural. educational and recreational nature witli th¢ obj¢ct of improving the conditions of life of children and young people, witliout distinction of sex, political, religious or other opinion. MAnagenient Commfiltec Tlie meinbers of tlie charity for the purposes of charity law and tliroughout this report are collectively referred to as mcmbers. Tlie Inembers serving during the year and since the year end were as follows: Marlin Connolly Elisha Mccallion Nicola Mullan Caroline Mili Tommie Mullan (Cliairperson) (Vice Chairperson) (Secretary) (Treasurer) Brian Tierney Charley Mellon Sandra Duffy Gareth Blackery Risk Management Tlie ineinbers liave assessed the major risks to which tlie association is exposed, in particular those rclated to thc oper(itions and finances of the association, and are satisfied that systems are in place to mitigate the exposure to tlie major risks. Financial revlew The financial perforinance is summarised in the ¢nclos¢d accounts. Plans for Fulure Pcrioils Tlie oharily plans to coiitinue th¢ activities as outlined abov¢ in tlie fortlicoining year5 subject to satisfactory funding arrangeineiils. Tlie charity has accumulated uiirestricted reserves of£45,416. Mcmbcrs Responsibilities in Relatlon to tho Fin#n¢ial Statements The membcrs are required to prepare financial statements for that give a true and fair view of the state of the affairs of tlie charity al Ilie eiid of the financial year and of its surplus or deficit for the financial year. In doing so tlie meinbers arc required to: select suitable accounting policies and apply Iliem consistently; make judgieineiits and eslimates tliat are reasonable and prudent; prepare the fiiiancial statements on the going concern basis uiiless it is inappropriate to presume tliat tlie charity will Gontiiiue in business. Tlie Ineinbers are responsible for maiiitaining proper accounting record5 which disclose with reasonable accuracy at any time tlie fiiiaiicial position of the ¢l)arity and enables them to en5ur¢ that the financial stateinents comply with the nccessary legislation. The members are a150 responsible for safeguarding the assets of the charity and hence for taking rcasonable steps for the prevention and detection offraud and other irregularities. This report was approved and autliori5¢d for iSSLEe by tlie Management Committee on and signed on its belialf by Member Member Page 2
On Street Community Youth Independent Exmainer's Report on the unaudited financial statements to the directors of On Strcet Con)munity Youth We report on the accounls of tlie charity for the year ended 31 March 2023. Rcspcctive responsibilities of chArlty commlttee members and examiner. As tlie cliarity's members you are responsible for tlie preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is our responsibility to: exainine the accouiits under Section 65 of the Charities Act. follow Ilie procedures laid dowii in the general Directions given by the Commission under Section 65(9) (b) of tlie Charities Act; state wliether particular Inatters have come to our attention. Basis of Indopendont ex#miner's report We liave exainined your charity accounts as rcquired under Section 65 of the Charitics Act and our exaiiiiiiatioii ivas carried out in accordance witli Ilie generlll Directions given by the Charity Commission for Nortliern Irelaiid under Scctioii 65 (9)(b) of the Charities Act. Our exainination included a review of tlie accounting records kept by the charity and a comparison of the accounts presented willi tliose records. It also included considerations of any unusual items or dis¢losures in the accounts, and sccking cxplaiialion from you as cliarity members concerning¥ any sucli matters. Our rol¢ is to state wlietlier any material Inatters hav¢ come to our attention giving us Caus¢ to believ¢: l.That accounting records were not kept in accordance with Section 63 of tlie Charities Act. 2.That ilie accounts do iiot accord with those aG¢ounting r¢¢ords. 3.That tlie accounts do not comply witli Ilie accounting requirements of the Cliarities Act. 4.Tliat tliere is furtlier informalion needed for a proper understanding of the accounts to be reached. Indopondont Exumincr's Statement Silic¢ your charity's &yross income exceeded £250,000 your examiner must be a mcmber of a listcd body. We can confirm that we arc qualified to undertake the examination as we are registered as members of Chartered Accountant Ircland which is one of tlie listed bodies. Wc havc completcd tlie examination and have no concerns in respect of tlie matters 1 4 listed above and, in connection with the following Directions of tlie Charity Commission Northern Ireland; we have found no Inatters tliat require drawing to your attention. Mccroarty M Cafferty & onipany Ltd Accounlants & Tax Consultallts 2 Carlisle Terrace Derry BT48 6JX Date: Page 3
On Street Community Youth Statement of Financial Activities for the year ended 31 March 2023 Unr¢stricted Funds Restrlctod Funds 2023 2022 Income and Ei xpenditure Incomlng Rosources Graiits & Sundry Incoine 15,219 332,847 348,066 367,148 Total Incoming Resources 15,219 332,847 348,066 367,148 Resources Ei xpendcd Direct Charitablc Expenditure Management & Adiiiinistration 39 14,692 120,404 215,023 120,443 229,715 104,639 232,082 Tolal Resources Expended 14,731 335,427 350,158 336,721 Nct Incoming l (Oulgofing) Resources 12. 488 (2,580) (2,092) 30,427 Balances brought forward l April 2022 29,862 17,646 47,508 17,081 Traiisfer between funds 7,200 (7,200) Balances carried forward 31 March 2023 37,550 7,866 45,416 47,508 The company has no recognised gains and losses other than those included in the results above and therefore no separate 5tatemcnt of total recognised gains and losses has been presented. Ther¢ is no difference between tli¢ net incoinirtg resources for the year stated above and their Iiisloric¢il cost equivalents. Page 4
On Street Community Youth Balance sheet as at 31 March 2023 2023 2022 Notes Fixed usscts Taiigible assets 7,866 12,552 Current assets Debtors Cash at bank aiid in liaiid 7,999 75,799 20,565 70,477 83,798 91,042 Curront liabilities Deferrals Accruals 10. 45,048 1,200 54,886 1,200 46,248 56,086 Nct current 1155ets 37,550 34,956 Total assets less current lithbilitios 45,416 47,508 Reservos Unrestricted Restricted 11. 37,550 7,866 29,862 17,646 45,416 47,508 Tlie Financial Statements were approved aiid authorised for issue by the Committee on and signed on its behalt'by: Committee Commlttee Member Page 5
On Street Community Youth Notes to the accounts for the year ended 31 March 2023 Accounting policies The prin¢ipal accounting policies adopted in tlie preparation of the financial statements are set out below aiid have remained unchanged from the previous year, and also have been consistently applied withii) tlie sainc accounts. 1.1. Accounting convention The accounts are prepared under tlie historical cost convention modified when necessary, and in compliaiice with the Charities SORP (FRS 102). 1.2. Research and development Researcli expenditure is written off to the profit and loss account in tlie year in which it is incurred. 1.3. Tangiblo fixed assels and depreciation Tangyible fixcd assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its e.xpected useful life, as follows: Fixturcs & Fittings Motor veliicles 20% Reducing Balance 250/0 Straight Line Income (i) Graiit5 Graiits represents all ainounts received and receivable during the year. Capital &Jrants are released to the Statement of Financial Activities in tlie year in whicli they are receivcd in line witli the Charities SORP (FRS 102). Reveiiuc granls are credited to the Statement of Financial Activities in the year they are received. (li) Doiiatioiis & administration income. Tliis comprises amounts received during the year. I xpenditure (i) Direct Cliaritable Expenditure This represents all expenditure dir¢ctly attributlLble to charitable causes. (li) Management & Administration This iiicludes all other expenditure not directly allocated above and a portion of the overhead costs attributable to inanagement and administration. Page 6
On Street Community Youth Notes to the accounts for tbe year ended 31 March 2023 Income 2023 2022 Restricted Income National Lottery Fund - Awards for All EADFC The National Lottery Fund - Link Project DCSDC - Good Relations pcsp EA General Fund EA Health Programme ARCS EA Summer Boost DEA - Coiisensual Grant NHIP Shantallow CoiTJiiiunity Residents Assocation EA YoLSth Intcrventioij Culinore, Muff Youth 19 Cross Border Project Community Support Fund Greater Sliantallow Area Partnersliip DCSDC - Grass Roots EAI DFC AYSW NIHE Community Grant Coinmunity foundation Nl Xmas Fund Galliagh Pilot Programm¢ 3,524 7,342 171,362 4,000 9,670 10,295 9,991 11,028 159,988 5,000 8,608 12,304 3,250 i 0,000 14,989 3,671 4,000 11,329 1,500 7,959 8,486 8,421 38.053 4,000 66 1,998 1,768 5,500 16,863 I,500 8,994 281 2,340 CRJ EA Centre based youtli worker EANWYS Jobstart Funding 1,000 48,498 1,500 18,519 40,282 831 332,847 345,863 Unrestrlcted Income Sundry Income Proceeds - Sale of Mobile Hub Gallaigh Coininunity Centre Mgt fee DCSDC - K¢y handling fees 2,704 1,285 20,000 10,000 2,515 15,219 21,285 Total Income 348,066 367,148 {]) Restricted Funds Page 7
On Street Community Youth INotes to the accounts for the y¢ar ended 31 March 2023 Funds received whi¢li ar¢ ¢armarked by the Funder for sp¢cific purposes. Such purposes are within the overall aims of the organisation. (li) Unrcstricted fi unds Funds whicli are expendable at the discretion of the company in furtherance of tlie aims of the Charity. In addition funds may be held in order to finance capital investment and working capital. Page 8
On Street Community Youtb Notes to the accounts for the year ended 31 March 2023 Resources Ei xpendcd Unrestrlcted Funds Restricted Funds Total 2023 Total 2022 Direct Charitable cxpendlturo Prograinme expenses Galliagh Coinmunity Centre expenses Facilitators Covid 19 Resources 39 63,234 11,329 45,841 63,273 11,329 45,841 65,200 3,671 35,458 310 39 120,404 120,443 104,639 Unrestricted Funds Restrlcted Funds Total 2023 Total 2022 Management & Admlnlstratlon Wagcs & salaries Staff pension costs Rent Light & Heat Uniforins Subscriptions Trainiiig Insurance Prinling,postaLFe & advertising Repairs & Iiiaintenance Teleplione & iiit¢rn¢t Monitoring & Evaluation Suiidry ¢xpen5es Computer & website Trav¢lliiig & Subsistence Donations Accountancy Water rates Maiiagcment fees Baiik Charges M.l.S training Depreciation of Motor Vehicles Dcprcciation of Fix & Filtings 28 167,163 5,646 167,191 5,646 6,170 154 4,650 2,063 1.872 1,200 6,307 2,110 1,049 960 2,397 381 1,735 200 1,200 136 9,010 998 9,600 750 3,936 183,340 7,117 6,170 154 4,650 2,063 1,872 1,200 6,307 1,978 1,042 960 497 381 1,690 200 1,200 136 2,600 998 9,600 750 3,936 584 4,670 ,109 1,563 2,100 4,469 1,095 2,279 960 132 240 5,338 315 1,200 170 9,985 731 E32 1,900 45 6,410 750 3,935 14,692 215,023 229,715 232,082 Total li xpenditure 14,731 335,427 350,158 336,721 Page 9
On Street Community Youth Notes to the accounts for the year ended 31 March 2023 N¢t Incoming R¢sources 2023 2022 Net incoming resources has been arrived at after charging. Depreciation 4,686 4,685 Taxation There is no tatIOn charge for this period as On Street Community Youth has charitable status - Cliarity number for tax purposes: N100972. Number of employees The average montlily numbers of employees during the year, calculated on the basis of full tiine equivalents, was as follows: 2023 Numbtr 23 2022 Number 23 I mployees 2023 2022 Salaries and wages Peiision costs 167.191 5,646 183.340 7,117 172,837 190,457 Page 10
On Street Community Youth Notes to the accounts for the year ended 31 Mar¢h 2023 Tangible assets Motor vchlcles Equipmont Total Cost At l April 2022 At 31 Marcli 2023 29,604 3,000 32,604 29,604 3,000 32,604 Dcpreciation At l April 2022 Charge for ihe year 17,802 3,936 2,250 750 20,052 4,686 At 31 March 2023 21,738 3,000 24,738 Net book values At 31 March 2023 7,866 7,866 At 31 March 2022 11,802 750 12,552 Debtors 2023 2022 Grants ¢¢]Vable Otlier debtors Pr¢payinents 6,300 14,561 3,786 2,218 1,699 7,999 20,565 10. Current liabilities 2023 2022 Otlier creditors Deferred iiicoine Accruals 23 45,025 1,200 5,483 49,403 1,200 46,248 56,086 Page 11
On Street Community Youth Notes to the accounts for the year ended 31 March 2023 11. Analysis of net asscts bctwcen fund Net Current Assets Total funds rund balances at 31 March 2023 as represented by: Restricted Income Funds: Reserves 7,866 7,866 Unrostrictcd Inconie Funds 37,550 37,550 45,416 45,416 12. Movom¢nts in Funds At l April Incoming Outgoing 2022 resources resourcesTransfers At 31 March 2023 Restricted funds: Total restricted funds 17,646 332,847 335,427 7,200 7,866 Unrestricted funds: General funds 29,862 15,219 14,731 7.200 37.550 Total unrestricted funds 29,862 15,219 14,731 (7,200) 37,550 47,508 348,066 350,158 45,416 Purposes of Restricted Funds Rcstrictcd gyrants awarded to the charity is provided to cover the core objects as explained in directors rcport. Page 12