The Link Family and Community Centre (A company limited by guarantee) Report and Financial Statements Year ending 31 December 2024 Charlty number: NIC 101921 Company number: Nl 44326 (Northern Ireland)
The Link Family and Community Centre PAGE Directors, report Independent examiner's report 10 Statement of financial activities Balan sheet 12 statement of Gash flows 13 Notes to the financial statements 14-22
THE LINK FAMILY AND COMMUNITY CENTRE DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees psent their annual directors, report and independently examined financial Statements for the year ending 31 December 2024 which are also prepared to meet Ihe requirements for a directors, report and accounts under the Companies Act purposes. The financial statements comply with the Charities Act (Northern Ireland) 2008, Ihe Companies Act 2006 and Ihe Gompany's Articles of Association and the Accounting and Reporting by Charities- statement of Recommended Practice {SORP) applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) (effective 1 January 2015). Chalvs Report As I write this report for the year 2024.1 am struck by how much uncertainty and fear we are surrounded th in society today. With so much bad news of wars in so many parts of the world and the ongoing cost of living challenges, it is very easy lo get caught up in a whirlwind of panic and worry. That being said, it is in that context that we give thanks to our God who never changes and is all powerful and who has provided and continues to provide for us at The Link Family and Community Centre. The need is ever grealer, and our programmes are operating al capacity. Our English classes for Speakers of Other Languages provide an essenh'al service to people from many nationalities who for a wide variety of reasons nowcall Ards and North Down home. It is such a privilege to be able lo help these folk wlh the everyday tasks we take for granted, such as filling in forms, applying for a driving licence and much more. Elbzabeth Black and her dedicated team of volunteers have a real compassion for their students, and il is realty pleasing to see them make progress in their new lives. The Link Charlty Shop appointed Mark Kennedy as Shop Manager in April and it is fair to say that the shop has been transfomied with sales increasing and stock turning over never having been belter. We recognise that the shop isn't just a fundraising venture, it is also a space where relationships are developed between both volunteers and customers alike. We are excited to see what the future holds for the shop as Mark Continues to explore new opportunities. Our Making a Real Change Project (MARC) continues to operate at ¢apacity. Our daily Drop In and Floating Support service helps our seNice users to sustain their tenancies which might otheiSe be at rlsk. The Drop In provides hol meals, a sense ofcommunity and bespoke advice and guidance. During the year we were sorry to say goodbye to Alan Coleman who retired after providing many years of faithful service as the MARC Project Manager. Although Alan has retired from his post, we still see hlm as he provides counselling on an individual basis to some of the clients. Our CAP Debt Centre funded by Ards Churches continues to provide help and support to people who find themselves in debt and it was pleasing to hear that eighteen families are now debt free as a result of their work with the centre. Our 'LYFE' work with young single parents also continues to go well. In this current age, the slresses and pressures of Garing for children are enormous and Stacey and her team provide vital support to parents trying to navigate through difficuti situations. One of the most exciting areas which has arisen this year is the move Into the top floor of the building by Christian Guidelines which provides a range of counselling services. The relationshlp belween the two organisations continues lo grow and we are excited to see where it leads lo in the years ahead. Once again, we are so gratefu5 to be able lo report that financially and in terms of quality setvice provision, The Link is in a very healthy place. Our vision has always been to try and identify needs and then seek resources to meet those needs rather than apply for money for its own seek and we are so thankful that God has provided all that we need. As always, I would like to place on record my thanks to our Director, Mark Houston as well as all the individual Board members for their Gontinued support throughout the year. We may live in an uncertain future, but we are sure that we know the one who holds the future.
THE LINK FAMILY AND COMMUNITY CENTRE DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Our Aims and Objectives The purposes of the charity are.. To advance community development and, in particular, the promotion of the community and voluntary sector for the benefit of the public by providing support. information, seNices and facilities to churches and community and voluntary groups and encouraging such organisationg to co-operate to achieve their aims To support those in need by reason of youth. age, ill-heallh, disability. substance dependency. financial hardship or other disadvantage To advance education and training and promote the physical, intellectual and social development of children To promote good community relations, religious and racial harmony and equality and diversity To promote volunteering and recruit, select and train volunteers for setvices within the areas of benefit To promote the social economy and social enterprises within Newiownards and it environs for the benefit of Ihe general publiG; and To provide fa¢ililies in the interests of social welfare for recreation and other leisure time o¢cupations with the object of improving the conditions of life for the inhabitants of Newtownards and its environs. The aspiration that shapes our annual a¢tivilie5 remains to enable children, young people, adults and senior citizens to reach their full potential. In partnership with others, we also provide practical help and care for some of the most disadvantaged groups and individuals in the Ards and North Down CounGil area. Our projects address a number of key concems: LYFE Youth Project works with 'at risk, young people aged 16 - 24 MARC Project seeks to support adults wrestling with substance dependency ESOL providing tuition for speakers of other languages Church Engagement Project aim5 to build relationships between churches and the local communily. and Ards Churches Christians Against Poverty Debt Centre which partners with local Churches to enable people to find a way out ofdebt Volunteer-led Projects work with vulnerable senior citizens and minority ethnic communities. Our premises are also a resource for other organisations based outside Nevhownards to offer services to local people in their local area. These include counselling and youth services. We have around 45 committed volunteers who work across the organisation along with 11 full and part-time slaff. Statement of Public Benefit In determining our objectives for the year and planning our activities, the Tiustees have considered the Charity Commission's guidance'The public benefit requirement (PBR1)' and also'The Trustee's Annual Report and public benefit reporting {ARR08)'. The charity relies on grants from trusts and foundatlons, local government, and statutory bodes. It also generates income through its social economy retail shop and general fundraising activities.
THE LINK FAMILY AND COMMUNITY CENTRE DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performance Addlction Su ort Services- MARC Pro ect Floatlng Support Throughout 2024, the MARC staff were delighted to be able to provide a full in person Floaling Support service to all clients. In addition to providing the usual range of support {e.g., housing support, benefit advice, assistance to address substance dependency), staff provided additional supports such as colleclion of prescriptions and food deliveries to Floating Support and a number of Drop-ln clients. The MARC Project played a significant role in addressing mental health and substance dependency challenges through the loss of formal and informal 5UPPOrt neOrkS. Staff were highly professional and committed in assisting clients to access health support throughout this period- often having to provide transport and accompany clients lo appointments. The service provision continued to exceed the contracted activity figure of 18 clients,. the Floating Support service was delivered lo 28 individuals. The service continued to achieve excellent outcomes despite the immense Ghallenges of the cost-of-living increases and a chronic shortage of social housing which impacted on many of our already struggling seNice users. Many were assisted in making significant Ghanges in their lives reducing alcohol and drug use, maintaining lenancies, receiving bespoke benefit advice and accessing appropriate health and social care. Drop-in Centre The 'Drop In facility, functioned ftjlly Ihroughout 2024 and staff were able lo provide a full range of support services and activities. Popular activities included pool competitions, fishing trips and quizzes. The MARC staff continued with its agreement with the local Benefits Office whereby their staff provided bespoke benefit advice on sile at our Drop In. Uptake of this service remained high throughout 2024 and we saw a marked increase in the number of female seNices users atlending the Drop In. As well as the Drop In, MARC staff maintained regular telephone contact, which helped reduce social Isolation and provided assistance with housing, benefits, and other issues. They performed othertasks such as shopping, payment of gas and electricity 'top-ups° and collection of prescriptions et¢. Staff assisted setNice users to access support services in relation to health, social care, and addiction. Counselllng Due to a successful fundlng appll¢ation through the Community Foundation Nl, we were able to provide ounselling sessions lo a number of our MARC service users. This project was aimed at addresslng some of the causal issues that often sit beneath the surface of many addiction clients, lives. Funding Funding from The Northern Ireland Housing Executlve's Supporting People has supported much of the Floating Support service. Successful funding applications were also made lo the NIHE forfunding from theirf Homelessness Strategy budget. Youn Persons, Pro ramme- LYFE Young Parent Support Throughout 2024, our LYFE staff were able to maintain a full. meaningful, and effective service. They have continued to be flexible in their approach lo service delivery in Ihe midst of very challenging CircumstanS. This has provided an essential Connection with the LYFE service users who particularly struggled with isolation and loneliness. Our staff provided support and guidance for 25 families this year and continued to support young parents through face-to-face contact and telephone calls. Young parents have not had the opportunities to complete OCNS or other courses fa to face. but we have covered budgeting, slow cooker. sexual health, and healthy eating group guidan online. Funding from The Public Health Agency has been used to cover the salary and operating costs of our LYFE Project.
THE LINK FAMILY AND COMMUNITY CENTRE DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Youth DroTrln The staff team continued to operate our Drop In space in order to engage with 18-24-year-olds. We targeted this specific age group because many of these young people feel increasingly social isolated and find it very difficult to engage with other youth services. An average of 8 young people attended each session and the team provided essenlial support around self-esteem, personal growlh, and resilience. Two new volunteers came on board to help lead on a weekly basis. Senlor Cltizons, Lunch Club and Dro Our Senior Citizens Lunch Club and Warm Space Drop In continued weekly throughout 2024. Approximately 12 to 15 older people attended each Monday and our volunteer team fully operated this service. The Lunch Club provided a safe, welcoming and *thrdrm space for many older people who have been Impacted by th8 cosl-of-living crisis. En lish for S eakers of Other Lan ua es ESOL Our English ¢lasses for speakers of other languages ran at full capacity throughout 2024. Our staff and volunteers tsught an average of 12 face to face hours per week and classes included Pre-Enlry LevellESOL Literacy, Entry Lev811, Entry Level 2 and Entry Level 3. Alongside the service we provided to people from Syria, Bangladesh, Bengal, Poland, Latvia and Afghanistan, 2024 saw a continuing demand for our services from refvgees fleeing the war in Ukraine. By the end of 2024, more than 70 Ukrainian Vmen. children and young people had attended our Engllsh classes in person. Our staff and volunteers yrked tirelessly to also provide a broader range of support based on the trauma and complex needs these refugees presented with. 2024 saw most students complete a full course and progress to the nexl level. Classes provided ESOL lessons for mothers with small infants, particularly Syrian women who required particular cultural sensitlvitles. Our volunteer tutors have kept in touch with vulnerable students and continue to go over and beyond in their attempts to provide essential support. 'English for Driving, continues to be a popular weekly course facilitated by one of the volunteer tutors. Our tutors also work diligèntly to enable those who need it to train for and pass Iheir 'Life in Ihe UK, course. We continue to liaise wilh other ESOL providers and social support agencies in the area. We also continue to assist families with education. housing, health and other enquiries where required. Funding from The ExeGutrve Office's Minority Ethnic Development Fund has been used to pay for an ESOL class coordinator and the National Lottery and John Moore Foundation have provided funding for our ESOL tuition. We are very grateful to our team of 10 volunteer tutors, who have continued to make every effort to keep in touch with students and provide high quality tuttion. ChurGh En gment One of our key strategic aims is to develop and grow our regular engagement with faith-based organisations in the Newlownards and surrounding area. 2024 has seen us put significant time and effort into community-wide engagement wilh kjcal Churches. The Link Family and Community Centre coordinates the 'Ards Churches Together Forum. aimed at greater cohesion and community engagement by the churches in the area. Our staff and volunteers continued to contribute to the significant support and emergency intervention provided through local churches. The support offered included signposting to local services. provision of meals and other essential supplies to those in need and pastoral support.
THE LINK FAMILY AND COMMUNITY CENTRE DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Ards Churches Christians Against Poverty Debt Centre In partnership with 15 local Churches, The Link Family and Community Centre continues to be the lead partner in operating the'Ards Churches Christians Against Poverty Debt Cenlre, based in our premises. The Debt Centre operated fully throughout 2024 and the Debt Centre Manager is employed, and line managed by us. We are excited to see the Centre assist local people ofall faiths ornone, to havethe'no strings attached, opportunity and support to fa significant financial challenges and begin the journey toward becoming debt free. By the end of 2024. 18 local families had become debt free. and we are prayerfully confident this number will be added to in 2025. Thè Link Charlt Sho As with most retail outlets. our 81h year in the shop premises in Regent street proved a challenging one. This was due to the general reduction in footfall being experienced by the retail sector and some significant staff issues. Our volunteer team led by our Volunteer Coordinator did an amazing job in helping us run the shop and are central to our success. We currently have 10 volunteers, some helping in the shop and others delivering and collecting donations in Ihe van. A few of our volunteers had illnesses during the year but the remaining volunteers proved amazing in the way they stepped up to help when needed. Trading was however significantly driven forward by the appointmenl of a new Shop Manager in April 2024 and the Shop has begun to return a profit. We continue to stock a great range of good quality second-hand furniture al reasonable prlces and are so thankful for Ihe support from the Ial community for the work of The Link. Financial review In 2024, the charity recorded a surplus of income against expenditure of £3.227. At 311 December 2024, the charity's total funds were £546,691 of which £51,861 were restricted funds and £494,830 unrestricted funds. The Link's charitable activities are supported by funding and donations from a wide range of organisations, charltable trusts, individuals and churches. Applications for funding from statutory and other bodies seek to secure full costs for the programmes and services provided. This is necessary for the sustainability of our work and for the dellvery of the quality and standards which are appropriate for those we serve. The funding environment has been challenging for many years and, particularly in the pasl few years, we have faced increased costs and funding pressures in common with much of the voluntary and community sector. During 2023. the organi5alion had to draw substantially on Its resetves to meet rlsing staff costs and other operating costs. In 2024. we have endeavoured to manage costs and secure funding from a range of sources and have been able to sustain and positively consolidate our services. The organisation conlinues to work hard to overcome these challenges, reviewing operations and organisational slructure to ensure that its work is delivered to high standards and cost effectively. Reservos policy and going concorn Reserves are needed to bridge the gap between the spending and receiving of income, to cover unplanned emergency costs and other expenditure. The Trustees review the general reserve policy in light of risks associated with income streams and expenditure. planned activity level and organisalional commitments. The target for 2024 was that the level of free reserves would equate to three months. expenditure, which is around £81,100. Total funds stand at £546,691 of which £494.830 are unrestricted funds. Of these unrestricled funds, the available free reserve for the charity, after excluding tangible assets and liabilities, amounted to £80,030 at 3151 December 2024. This equated to over 2.9 months expendilure.
THE LINK FAMILY AND COMMUNITY CENTRE DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The cash inflow to operating activities in 2024 was £26,330. The Trustees are aware that efforts will need to continue to generate sufficient income to meet costs and maintain an appropriate level of free reserves. The organisation conlinues to review initiatives to secure its sustainability and financial position. The Trustees wll retain the larget forfree reserves to cover at least three months, expenditure in 2025. Plans for future periods The report of The Link Family and Community Centre's programmes, activities and achievements during 2024 has highlighted the range of valuable work being provided lo many in the community and, in particular, those who are most vulnerable and in need of support and intervention. Our staff and volunteers constantly adapt our practices to ensure we provided much needed and effective services. The organisation is well-placed to continue its range of services a¢r05S the community ofArds and North Down. Throughout 2024, we continued to feel privileged to gel to do what we do. The organisation has been an active and mu¢h needed provider and has faced many challenges in recent years. Despite the challenges, we remain focused on learning and development, based on our experiences, good and bad. We seek to use this learning to plan our future service provision in a way which is fit for purpose. While aiming to maintain service delivery to a high standard and meet the requirements of clients, service users, funders and other stakeholders. the Board, Staff and Volunteers at The Link are committed to: ensure we secure a broad range of funding in order to sustain our programmes and services the need to continually review our stralegy for the period 2023-26 ontlnually review our structures and assets to ensure that we maintain dellvery of services which meet the needs of our community., consolidating our work with young people, supporting people with addictions and delivering our programmes., and continuing to actively engage with local GhurGhes and relevant organisations to bulld constructive and supportive relationships. Refer&nce and admlnlstrative detslls Nl 44326 NIC 101921 XR 60197 Company registration number. Charlty registration number: HMRC reference.. Registered Office.. Lamont Building 10 West street Newtownards BT23 4EN Our Advlsers Independent Examiner Adrian Hall & Co 1st Floor 100 Main Street Bangor BT20 4AG
THE LINK FAMILY AND COMMUNITY CENTRE DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Bankers". The Cooperative Bank PO Box 250 Skelmersdale WN86 Santander Commercial Bank Bridle Road Bootle Merseyside GIR OAA Solicitors.. Hewitt & Gilpin 72 Holywood Road Belfast BT4 3BA Directors and trustses The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows: Key management personnel Llnk Family and Communlty Centro: Trusteos and Directors Elected Trustees: Paul Black Sarah Cairnduff Gerardine Cunningham (Secretary) Jonny Currie Robert Hamllton Mark McFeeters James Moore David Murdie (Treasurer) Michael Taylor {Chair> Key management personnel Link Family and Community Centre: Sonior Managèrs Director.. Mark Houston structure, Governance and Management Governlng Document The Link Family and Community Cenlrels a company limited by guarantee, incorporated on 7th October 2002. In April 2015 it became a registered charity with The Charity Commission for Northern Ireland. The company was established under a Memorandum ofAssociation and governed by its Memorandum and Articles of Associatlon dated 181h May 2011. It is also registered as a charity with HM Revenue and Customs. In the event of the ¢harity winding up members agree to contribute an amount not exceeding £1. Appointmant of trustoes As set out in the Articles of Association the members present at the Annual General Meeting will elect the trustees. The number of the trustees shall not be more than fifteen and not less than six al any one time. The Twstees shall have the power at any time and from time to time to appoint any person to be a trustee, either to fill a casual vacancy or as an addition to the existing trustees. Any trustees so appointed shall hold off ice only until the next year followng the Annual General Meeting and shall then be eligible for re-election.
THE LINK FAMILY AND COMMUNITY CENTRE DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 When considering Go-opting trustees, the Board has regard to the requirement for any specialist skills needed. Trustee induction and training New trustees undergo orientation to brief them on their legal obligations under charity and company law, the Charity Commission guidance on public benefit. and inform them of the content of the Memorandum and ArtIGles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During induction they meet key employees and other staff. Trustees are encouraged to altend appropriate exlernal training events where these will facilitate the undertaking of their role. Organisation The Management Committee administers the charity. The Board meets at least six times each year. A Director has been appointed by the Board to manage the day-to-day operations of the charity. To facilitate effective operations, the Director has delegated authority, within teims of designation approved by the Committee, for operational matters. Related partles and co.operation with other organisations None of our Trustees received remuneration for services provided to the charity during the year. Any contractual relationship with a related party belween a trustee or senior manager or the charity must be disclosed to the full Board of Trustees. In the current year no such related party transactions were reported. The Llnk Family and Community Centre has close relationships with a number of statutory, voluntary and community bodies. We have representatives who serve on a number of commiltees and groups. Local agencies with whlch the organisation engages Include, Education Authority, Ards and North Down Street Pastors, Housing Executive, Probation Board, Social Services. Public Health Agency and local churches. Other bodies with whl¢h we engage include C03, North Down YMCA, Ards and North Down Borough Council. Poll¢e Community Safety Partnership. The organisalion is also grateful to those individuals and organisatlons vtho offer financlal support to the work of the projed. The Link Family and Community Centre recognises the necessity and benefit of connecling people to other community services that offer support and encouragement at times of need. We belleve that partnershlp working is essential if vle are lo build a stronger, healthier and vlbRnt community. Risk Management The Board regularly reviews risk In the organisation through an annual review of the risks the charlty may face, establishment of systems and procedures to mitigate and manage risks identified. Implementation and regular review of procedures designed to minlmise any potential impact on the charity should those risks materialise. The work identified a number of risks but has also resulted in better management procedures and contingency plans. Particular allenlion has focused on non-financial risks from individual programmes and financial risks arising from Securing funding for the range of programmes provided by the organisation. A key element in Ihe management of financial risk is the review of the organisation's reserve5 policy, cash-flow forecasts, income and expenditure and operating budgets.
THE LINK FAMILY AND COMMUNITY CENTRE DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of Trustees, Responsibilities The Trustees (and also the directors of the company for the purposes of company law) are responsible for preparing the Trustees, report and financial statements in accordance with applicable law and regulations. Charity law requires Ihe twstees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under the relevanl legislation the Trustee5 must nol approve the financial statements unless they are satisfied that Ihey give a true and fair view of the slate of affairs of the charity and of the net movement in funds for that period. In preparing these financial statements, the Truslees are reqUId to.. select suitable accounting policies and then apply them conssstently. make judgements and estimates that are reasonable and prudent., and prepare the financial slatements on the going con¢em basis unless it is inappropriate to presume that the charity will continue on that basis. The Trustees are responsible for keeping adequate accounting records that are sufficienl to show and explain the charity's transactbons and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the 8ppli¢able law and regulations. They are also responsible for safeguarding the assels of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company exernption - Companleg Act 2006 This report has been prepared in accordance with the special provislons relating to small companies within Part 15 of the Companies Act 2006 Michael Taylor {Chalr) 30th May 2025
THE LINK FAMILY AND COMMUNITY CENTRE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examinerfs report to theTrustees of The Llnk Famlly and Communlty Centre I report on thefinancial statements of The Link Family and Community Centrefor the year ended 31 December 2024 which are set out on pages 11 to 22. Re5pectlve responsibllities of trustees and examiner As the charity trustees land also the directors of the company for the puiposes of company law) you are responsible for the preparalion of the financial slalements in accordance with the requirements of the Companies Act 2006 Having satisfied myself that the charity is not subject to audit under company law. and is eligible for independent examination, it is my responsibility examine the financial 51alements undersection 65 of the Charities Act,. follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Act stale whether particular matters have come to my attention. Basls of indepondent 8xaminer's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also included consideration of any unusual Items or disclosures in the financial statements. and seeking explanations from you as charity trustees Concerning any such matters. My role Is to state whether any material matters have Gome to my attention giving me cause lo believe.. that the accountlng records were not kept in accordance wrth section 386 of the Companies Act 20C6 that Ihe financial statements do not accord with those accounting records Ihat the accounts do not comply with the acGounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Siatement of Recommended Practice applicable lo charities preparing their aG¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland that there is further informatlon needed for a proper understanding of the financial statements to be reached. Independent examinerfs statement Since your charily's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a regislered member of Chartered Accountants Ireland which is one of the listed bodies. I have completed my examinatlon and have no concerns in respe¢t of the m8tters (l) to (4) listed above and. in connectlon with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. RICHARD C SHIELDS MA, FCA Chartered Accountant and Reporting Aountant ADRIAN HALL & CO 1st Floor 100 Main Street BANGOR County Down BT20 4AG Date: 2nd June 2025 10
THE LINK FAMILY AND COMMUNITY CENTRE REGISTERED COMPANY NI 44326 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrostricted Funds 2024 Restrictèd Total Funds Funds 2024 Total Funds 2023 2024 Note Income Donations and Legacies 31.388 95.380 126,768 114,149 Income from charilable aGINilies.' Operation of Community Centre 13,089 131,989 145,078 152,055 Income from olher trading activilies.. Shop Income and fundraising events 55,260 470 55,730 41,662 Total Income 99,737 227,839 327,576 307,866 Expendlture Costs of raising funds.. Seeklng donallons. grants and operating of charity shop Expenditur8 on Charitabl8 Activifies.. Operation of Community Centre Total Expenditure 69,631 69,631 66,318 211.819 211,819 254 718 276,889 324,349 343,207 112,530 Transfers between Funds 21 1,649 (1,649) Net incomel(expenditure> and net movgment In funds for the year Reconclliatlon of Funds Total funds brought forward (11,144) 14,371 3,227 {35,341) 505,974 37,490 543.464 578,805 Total Funds carried fonvard 494,830 51.861 546,691 543,464 The statement of financial activities includes all gains and losses in the year. All income and expenditure derive from Gontinuing operalions.
THE LINK FAMILY AND COMMUNITY CENTRE REGISTERED COMPANY NI 44326 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets 15 414,800 426,100 Current assets Stock 16 7,004 5.000 6,235 130,168 141.403 Debtors Cash at bank and in hand 17 8,021 147,615 162,640 Liabilities Creditors: amounts due within one year Net Gurrent assots Total assets less current Ilabilltles 18 (30,749) (24,039) 131.891 546,691 117,364 543,464 Creditors: amounts falling due after one year 19 Total Net Assets 546,691 543,464 The funds of the charity Unrestricted income funds Restricted income funds Total charity funds 21 494.830 51,861 546,691 505,974 37,490 543,464 For the year ending 31 December 2024, the company VRS entitled to exemption under Section 477 of the Companies Act 2006 relating to small companies. No members have required the company lo obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complylng with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small Gompanies, regime. Approved by Ihe Board of Trustee5: Michael Taylor (Chair) 30th May 2025 12
THE LINK FAMILY AND COMMUNITY CENTRE REGISTERED COMPANY NI 44326 STATEMENT OF CASH FLOWS FOR YEAR ENDING 31 DECEMBER 2024 2024 2023 Not8 Cash provided by (used In) oporatlng activities Cash flows from investing activilies 23 26,330 132,638) Interest Income Proceeds from the sale of equipment Purchases of tsngible fixed assets Cash provided by (used In) investlng actlvltles Cash flows from financing activitles Repayment of borrowing {8.883) {16,374) Cash uBed in flnancing actlvities Increase (decrease) In cash and cash èquivalents in the year Cash and cash equivalents at the beginning of the year Total cash and cash equlvalents at the end of the year (8,883) (16,374) 17.447 (49,012> 130,168 179,180 24 147,615 130.168 13
THE LINK FAMILY AND COMMUNITY CENTRE NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 Accounting Polici85 The principal accounting policies adopted, judgements and key sources of eslimation uncertainty in the preparation of the financial statements are as follows.. la) Basis of accountlng The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their aG¢ounts in accordance with the Financial Reporting Standard applicable in the Uk and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. The Link Family and Community Centre meets the definition of a public benefit entity under FRS 102. Assets and liabililies are initially recognised at historical cost or transaction value unless olherwi5e stated in the relevant accounting policy note(8). Ibl Preparation of the accounts on a going concem basls The trustees are of the view that incoming resources secured for the next 12 months, and measures that can be taken to manage operating costs in year, provide a basis that the charity 18 a going concern. {c) Incomo Income is recognlsed when the charily has entitlement to the funds, any performance condilions attached to Ihe items of income have been met, it 15 probable that the income will be reIVed and the amount can be measured reliably. Income from government and other grants, whether Capital grants or revenue grants. is recognised when the charity has enlillement to the funds. any performance conditions attached to the grants have been mel, il is probable thal the income will be received and the amount can be measured reliably and is not deferred. Income from tax Claims are Included in the Statement of Financial Activities at the same time as the gift to which they relate. Income received in advan¢e of tenant renlal or room hire is deferred until the criteria for income recognition are met. Where a grant is ceIved and there is uncertainty that the charity can meet the terms or conditions otherwise within its control, then income should nol be recognised but deferred as a liability. Second-hand furniture and other Items donated for resale through the charity's shop are included as incoming resources within activities for generating funds when they are sold. (d) Donated servlces Donated professional services are recognised as income when the charity has control over the item. any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteef time is not re¢ognised. The trustees, annual report provides more information about the contribution of volunteers. On receipt, donated professional seNices are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been v111n9 to pay to obtain services of equivalent economic benefit on the open market. a Corresponding amount is then recognised In expenditure in the period of receipl. See Note 3 for infomiation on services donated in year. 14
THE LINK FAMILY AND COMMUNITY CENTRE NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 (el Interest receivable Interest on funds held on deposil is included when receivable and the amount can be measured reliably by the charity; this is nomially upon notificats'on of the interest paid or payable by the Bank. (fl Fund accountlng Unrestricted funds are available to spend on aGtivities that further any of the purposes of the charity. Designated funds are restricted funds of the charity whiGh the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are subjected lo resttiGtions on their expenditure imposed by the donor or through the terms of an appeal. Ig) Expenditure Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure Includes any VAT and 15 reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs assoclated with attracting voluntary income and the costs of trading for fundraising purposes. including the charity's shop. Charitable expenditure comprises those costs incurred by the charlty In the delivery of its activitles and services for its beneficiaries. It Includes both costs that can be allocated directly to such activitie5 and those costs of an Indirect nature necessary to support them. Governance costs include the costs of the preparation and examination of statutory accounts, the Gosl of trustee meetings and meeting of constitutional requirements. Ihl Allocation and apportlonment of costs All costs are allocated between the expenditure categories of the Statement of Financial Adivilies on a basls designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an approximate basis. Support costs are those functions that assist the Vrk of the charity but do not directly undertake charitable activities. Support costs include management, finance, personnel, payroll and administration costs which support The Link's programmes and a¢livities. These cosls have been allocated belween Gosl of raising funds and expenditure on charitable activities. 11) Assets Tangible assets are stated at cost less depreciation. Depreciation is calculated lo write-off the cost less estimated residual value of fixed assets on a straight line basis at the following rates: Annual rato 20% 200 Asset category Computer equipment other fixtures and fittings Land and buildings Vehicles 200 ti) Stock Donated items of stock are recognised at estimated selling price less costs to sell and are sold through the charity shop. The carrying amount of stock is recognised as an expense in the period in which Ihe related inGome is recognised. (k) Cash at bank and In hand Cash at bank and cash in hand inclLKles cash and bank Current accounts. (l) Debtors Trade and other debtors are recognised at the seitlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 15
THE LINK FAMILY AND COMMUNITY CENTRE NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 Im> Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their setuemenl amount after allowing for any trade discounts due. (n) Pension sch8me The charity operates a defined contribution scheme for 8 (2023.. 8) staff. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charity acls as an agent in collecting and paying over employer and employee pension contributions. The ratees of contributions are 60kn and 30A respectively. (o) Flnancial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic rinanclal instruments. Basic financial instruments are initialty recognised at transaction value, Ip) Commltments and Contingent Liabllltios The ¢harity may become liable to repay all or part of its grant income should it fail to comply with the conditions set out In relevant letters of offer. Critical accounting estimatgs and Judgemonts Tanglble fixed assets are depreciated over their useful lives taking into account resldual values, Whe appropriat8. The charily's principal fixed asset. the Lamont Building, was professionally valued by and independent surveyor in 2015. There is an inevitable degree of judgement involved in Ihat the property is unique and the value can ultimately only be reliably tested in the market. Stock are donated items and no actual cash transactions have been made in purchasing. Therefore, the decrease (increase) in stock $hown In the reconciliation of cash flow from operating activities is an accounting entry and nol an actual cash movement. Income from donatlons and legacles Unrestricted Restrlcted Funds Funds Total Grants Church Donatlons other Donations Gift Aid Total 3,767 9,775 16.207 1.639 60,853 16,612 17,915 64,620 26,387 34,122 126,768 2023 91.663 114,149 The charity benefits greatly from the involvement and support of its many volunteers, details of which are given in the annual report. In accordance with the Gharilies SORP (FRS 102). the economic contribution of general volunteers is not recognised in the accounts. 16
THE LINK FAMILY AND COMMUNITY CENTRE NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 Income from charilable activities Unrestricted Restricted Funds Funds Total Public Health Agency Nl Housing Executive Supporting People Nl Housing Executive Homelessness Stralegy Room Hire Tenant Rental Total 25,500 81,033 25,456 25,500 81,033 25,456 2,770 10,319 145 078 2,770 131 989 2023 7,945 144,110 152 055 Income from olher actlvlties for raising funds Unrestrlcted Funds Restrlcted Funds Shop sales Other Income Total 52,696 470 470 55,260 2023 Investment Incomo The charity had no investment income (2023.. £Nil) Analys18 of exp8nditure on costs of raising funds Charlty Shop Fundraising Total Salaries other Staff Expenses Operatlng Costs Depreciation Govemance (see Note 9) Support Costs (see Note 9) Total 37.281 137 21.609 700 167 37,281 137 25.284 700 167 3.675 65,956 3,675 69,631 2023 63,084 3,234 17
THE LINK FAMILY AND COMMUNITY CENTRE NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 Analysis of expendlture on charitable activities LYFE MARC Volunle er-led 2.704 18,630 1,051 6,557 CAP Other Total 9,212 158,245 4,590 47,093 Salaries Other Staff Expenses Operating Costs Depreciation Governance (see Note 9) Support Costs (see Note 9) Total 22,408 105.291 1,400 2,139 8,058 18,662 4.934 8,882 17 317 55 158 4,051 547 44,243 254 718 7,638 28,305 39 747 IS6 725 2023 43.249 160,784 Expenditure on charitable activities was £254,718 {2023- £276,889) of which £42,899 was unrestricted (2023: £40.323) and £211,819 was restricted (2023.. £236,566). Analysis of expenditur8: governance and support costs The charity identifies the costs of its support arKI governance functions. These costs are apportioned between cost of raising funds (see Note 7) and charilable activities undertaken (see Note 81. 6,583 28,220 38.053 276,889 Support Governance Total Basls of apportlonment Salaries other Staff Expenses Operating Costs Depreclation Audit fees and Governance Total 19,263 1,353 19,089 10,600 19,263 1,353 19,089 10,600 714 ProJe¢t hours Project hours Project hours Floor area Project hours 714 714 10. Net Incomel{expgnditure) This is Staled after charging.. 2024 2023 Depreciation Independent Examiners'lAuditors' remuneration 11,300 680 11,300 680 11. Analysis of stsff costs, tru5teo remuneration and oxpenses and costs of key management personnel 2024 2023 Gross Salaries Employefs national insurance costs Employer's pension costs Total staff costs 195,242 9,710 9,837 214,789 191,663 9,201 9,762 210 626 18
THE LINK FAMILY AND COMMUNITY CENTRE NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 No employees had employee benefits in exGess of £60,000 (2023-. nil). Pension costs relate to employer's contribulions only. This is funded out of unrestricted and restricted funds. For more infomiation on pension costs see note 1 (n). The charity trustees were not paid nor received any other benefits from the charity in the year (2023: £nil), and neither were they reimbursed expenses during the year12023'. £nil). No charity trustees received payment for professional services supplied to the charity (2023.. £Nil). The key management personnel of the charity Gomprise the trustees and the Director. The total employee benefrts of the key management personnel were £48,089 (2023: £46,507>. 12. Staff Numbers The average monthly number of full-time equivalent employees (including casual and part-time staffl durlng the year were as follows: 2024 2023 Director LYFE Project MARC Project Charity Shop ESOL Project CAP Project Finance, administration and volunteer support Total 13. Related party transactlons There are no related party transactfrons in the reporting period that require dls¢losure. 14. Corporation taxallon The charity is exempt from tsx on income and gains falling wlh section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to Ihe exlenl that these are applied to ils charitable oblects. 15. Tangible fixed assets Land and Buildings Fixtures, Flttings & Equipment Motor Vehlcles Total Cost As at 1 January 2024 Additions Disposals As at 31 December 2024 530,000 65,358 3,500 598.858 530 000 65,358 3,500 598,858 Depreciatlon As at 1 January 2024 Depreciation Charge Disposals As al 31 December 2024 106,000 10.600 65.358 1400 700 172,758 11,300 116600 65,358 184,058 Net Book Valuo As at 31 DeGember 2024 413,400 1,400 414.800 As at 31 December 2023 424 000 2,100 426.100 19
THE LINK FAMILY AND COMMUNITY CENTRE NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 16. Stock 2024 2023 Donated shop items 7,004 5,000 17. Debtor5 2024 2023 531 1,750 Trade debtors Other debtors Prepayments 180 3,389 4,452 8.021 6,235 18. Credltors: amounts falling due wlthln one year 2024 2023 Trade creditors UCIT Loan Account Qlher creditors Accruals 2,798 4.492 8,883 30 10,634 30 30,749 19. Credltors: amounts falllng duo aftermore than onè year 2024 2023 Secured bank loan (falling due in less than S years) The UCIT loan secured by a charge on the Lamont Building was fully discharged in 2024. 20. Analysls of ngt assets between funds General Funds D8slgnated Funds Restricted Funds Total Funds 2024 Total Funds 2023 Tangible fixed assets Current assets Current liabilities Long lerm liabilities Net Assets 414,800 110,779 (30,749) 414,800 437,400 162,640 141,403 (30.749) (24,039) 51,861 543,464 494,830 51,861 546,691 20
THE LINK FAMILY AND COMMUNITY CENTRE NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 21. Analysis of charitable funds Opening Balance Incoming Outgolng Resources Resources Transfers Closing Balance LYFE Prolect MARC Project CAP Other Total r8Stri¢ted funds 13.168 901 6,943 16,478 37,490 28,044 129,889 34,697 35,209 227,839 (31.866) (124,136) (26,288) 29,529 211819 9,346 6,654 15,352 20,509 51,861 1.649) 1,649 Name of reslricted fund. its descriptlon, nature and purposes LYFE.. The fund is for running youth activities for marginalised, socially excluded and at-risk young people. The Link undertakes work to support and enable people who are socially excluded, because of alcohol and substance dependency. to mve towards greater inclusion. This fund is for the operatton of the Newtownards Churches. Chiistians Against Poverty project. This includes funds for work wth senior citizens, leaching Engllsh to speakers of other languages, church and community engagement and other general activities. MARC: CAP.. oth8r: Analysis of movement in unrestricted fund Openlng Balance Incoming Outgoing Transfers Closing Resources Rgsources Balance General funds Total unrestricted funds 505,974 505 974 112530 112530 494 830 494 830 99.737 Name of unrestricted fund, its descriptlon, nature and purposes General Fund: The general unresiricted funds of the charity. 22. Financial Instruments Financial Instruments measured at cost comprise loan financing provided by Ulster Community Investment Trusl. 2024 2023 Loan payable falling due within 1 year Loan payable falling due in more than 1 year but less Ihan 5 years 8,883 8,883 The loan finan¢ing is the form of a secured loan with a variable interest rate. The lender has set the interest rale on Bank of England Base Rate +1%. 21
THE LINK FAMILY AND COMMUNITY CENTRE NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2024 23. R8conciliation of net movement in funds to net cash flow from operating actlvltles 2024 2023 Nel movement in funds Add back depreciation charge Deduct interest income shown in investing aGtivities Lossl(profit) on sale of fixed assets Decrease (increase) in stock Decrease (increase) in debtors Increase (decrease) in creditors Not cash provided by (used in) operatlng activities 3,227 11,300 (35,341) 11,300 {2,004) (1,786) 1,280 {1,079) 26,330 32,638 24. Analysls of cash and ¢ash equivalents 2024 2023 Cash in hand Current bank accounts Totsl cash and cash equlval8nt8 233 147,382 147 615 191 129,977 130,168 22