ACTION DEAF YOUTH STATEMENT OF FINLNCIAL ACTIVITES (Including summary income and expenditure account) for the period l April 2023 to 31 March 2024 Restricted Funds Unrestricted Funds Total Funds 2024 Total Funds 2023 Iyote Income and endoivments from: Charitable activities 207.285 23,831 231,116 279,702 Total income 207.285 231,116 279,702 Expenditure on: Raising funds Charitable activities 2,560 63,620 2,560 240,421 3,064 251,074 176,801 Total expenditure 176,801 66,180 242,981 254,138 Net surplus for the year 30,484 (42 J49) (11,865) 25,564 Transfers between funds 12,291 12,291 Fund balances brought fonvard ai I April 123,518 44,080 167,598 142,034 Fund balances carried forward a131 March 12 14,022 155,733 167,598 There are no recognised gains or losses other than those shown atK)ve. All incoming resources expended derive from continuing operation5. The income and expenditure summary as required to be disclosed by the Companies Act 2006 is included at Note 2.
ACTION DEAF YOUTH - A company limited b!. guarantee Registered number N1619842 BALANCE SHEET AS AT 31 March 2024 2024 Total 2023 Total Fixed assets: Tangible A55ets 13J74 16,718 Current assets: Debtors Cash at bank and in hand 42,726 123,164 7,701 169,533 Total current assets 165,890 177,234 Current Liabilities Amounts falling due within one year 23,531 26,354 Net eurrenl assets 142 359 150,880 Total assets less current liabilities 155,733 167,598 Net assets 155,733 167,598 Funds Rcstriclcd Unrcslricted 12 12 141,711 14,022 123,518 44,080 Total Funds 155,733 167,598 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. Th¢ mcmbcrs hav¢ not rcquircd thc company to obthin an audit of its financial st2tcmcnls for th¢ ycar cndcd 31 March 2024 in accordancc with Scction 476 of thc Comp8nics Act 2006. The directors acknowledge their responsibilities for". (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair vieiv of Ihe state of affairs of ihe company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which othenvise comply wilh the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The fLnancial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were authorised for issue by the Board of Directors on 4 and were signed by.. ee Rosemary Magee I Signatur¢: Ros¢mary Mag¢¢ (Chairperson) c16,20 14.22 GMT) . Chairperson io
ACTION DEAF YOUTH NOTES TO THE FINACIAL STATEMENTS FOR THE YEAR ENDED 31 IVLLiRCH 2024 Aceounting Policies Charity information The charity is a pril'ate company limited by guarantee, registered in Northern Ireland and a registered charity with the Charity Commission for Northern Ireland (102041). The address of the registered office is provided on page l. The members of the charity are the Trustees named on page l. A summary of the accounting policies, which have been applied consistently, is set out below. Basis of preparation The financial statements have been prepared under the historical cost convention in accordance with Accounting and Reporting by Charilies= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Treland (FRS 102) (effective l January 2019) - Charities SORP (FRS 102}, the Financial Reporting Standard Applicable in the UK and the Republic of Ireland (FRS 102) and the Companies Act 2006. The Charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are round to the nearest £. Going Concern At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to conlinue in operational existence for the foreseeable future. This conclusion was reached due to the stron positive reserve balance held in both restricted and unrestricted funds. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. Fund accounting The company has various types of funds for which it is responsible and which require separate disclosure. These are a5 follows- (i) Unrestricted funds These are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity. (li) Restricted funds Thcse arc thosc donated for *¢ in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Incomlng Resources Income is recognised when the charity has entitlemeT]t to the funds, any perforniance condition5 attached to thc itcm{s) of income have bcen met. il is probable that the income will bc received and the amount can be mca8urcd rcliably. Income represents government funding and donations receivable by the coTnpav]y and is Tecognised when a right to consideration i5 obtained from the perfonnance of contractual obligJalions.
ACTION DEAF YOUTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IVLLiRCH 2024 Accounting Policies (continued) Resources Expanded Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is possible that settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been classified under headings that aggryegate costs related to the category. Costs of raising funds are those costs incurred in attracting voluntary income. and those incurred in trading activitics that raisc funds. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes boih costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Together with the costs associated with the govemance aangeMentS of the charity and are primarily associated with ConstitIOnal and statutory requirements. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over the expected use[ life as follow- Equipment Fixtures and Fittings 200/. Reducing Balance 200/. Reducing Balance Impgirment of fixed assets At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to detemiine whether there 15 any indication that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to detennine the extent of the impairment loss lif any). Financial instruments The charitable company only has financial assets and financial liabilities of a kind that qualify a5 basic financial instruments. These are initially recognised at transaction value and subsequently measured at their settlement value. Debtors Trade and otheT debtors aTe %tated after all known bad debts have been written off 2nd specific provi%ion has been made against all debts considered doubl1 of collection. Prepayments are valued at the amount prepaid net any trade discount due. Cash and eash equivalents Cash and cash cquivalcnt8 compTiSC cash at bank and cash in hand. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting froin a past ¢venl ihat will probably result in (h¢ transfer of funds to a third party and th¢ amount due to s¢ttl¢ the obligation Can bc mcasurcd or ¢stimal¢d r¢liably. Cr¢diiors and provisions ar¢ nornially r¢cognis¢d at their s¢ttlcm¢nt amount aft¢r all0.Ing lor any tradc discounts. Taxation There is no liability to taxation due to the charitable status. 12
ACTION DEAF YOUTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 RCH 2024 Income and expenditure summary 2024 2023 Gross Income 231,116 279,702 Resources Expenditure Cost of generating funds Charitable activitics 2,560 237,077 3J44 242,981 3.064 246,894 4.180 254,138 Dcpreciation (Deficit)Isurplus for the year (11,865) 25,564 The above reflects the Income and Expenditure account as required by the Companies Act 2006 as opposed to that required under the Statement of Recommended Practice as detailed on page 9. Total income comprises £207,285 for reslricted funds and £23.831 for unrestricted funds. A detailed analysis of income is provided in note 3. The Incorne and Expendire Summary is derived from the Statement of Financial Activities on page 9 which together with the notes to the accounts on pages 11 25 provides full inforniation on the movements during the year on all funds of the charity. Income from charitable activities Restricted Funds Unrestricted Funds Total 2024 Total 2023 Charitable Activities Education Authority- Youth Core Services Education Authority- Summer Programme Education Authority- Well Being Fund Education Authority- Sundry BHSCT 65,220 {3,106) (3,106) {24) 1,042 4,026 14,460 4,168 23,910 7.844 112,100 60,000 4,168 23,910 7,844 112,100 60,000 627 8,894 16,679 Department for Communities / Access to Work Department for Communities - Capital Fund Sign Language Henry Smith Charity BenefLCLaries Income Fundraising Events Donations 40,927 59,750 752 1,667 87,285 4,597 627 8.894 14.310 2.369 207,285 23,831 231,116 279,703 13
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ACTION DEAF YOUTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 RCH 2024 Operating surplus The operating surplus is staled after charging: 2024 2023 Depreciation of fixed assets Independent examination fees 3,344 3,000 4,180 3,000 6,344 7,180 Inforniation on directors and employees 2024 2023 Staff c05t5 Wages and Salaries Pensions Social Security Costs 67,003 3,546 355 111,351 5,586 2,227 70,904 119,164 The average number of employees during the year was 8 (2023: 12). No employees had emoluments in excess of £60.000 (2023.. £NIL). The key management personnel of the charity comprise the trnstees and heads of department. During the financial year, there were Significant changes within senior management. The senior post became vacant in August following the departure of the previous post-holder (C Doherty) and a restructure took place, splitting the post into executive and service. The executive role was filled in November by S Doyle. Meanwhile, the service-focused senior post was eslablished in September, with a neiv internal appointment made to oversee specific operational responsibilities. J Graham. The total employee benefits of the key management personnel of the charity were £55,490 (2023 - £33,596). The charity trustees were not paid and did not receive any other benefits in the year (2023.. nil). No charity trustee received payment for professional or other services supplied to the charity12023.' nil). 22
ACTION DEAF YOUTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IIIARCH 2024 Tangible Fixed Assets Equipment Fixtures & Fittings Total Cost As at I ' April 2023 Additions Disposals As at 31" March 2024 46,575 19,154 65,729 46,575 19,154 65,729 Depreciation As at I" April 2023 Charge for the year Eliminated on disposal As at 31" March 2024 33,867 2,542 15,144 802 49,011 3J44 36,409 15,946 52 J55 Net book value As at 31, March 2024 10,166 3,208 13J74 A5 at 31" March 2023 12,708 4,010 1,6718 Equipment includes assets of £7,476 (NBV) as restricted assets. Debtors 2024 2023 Prepayments Accrned income 1,666 41,060 ,667 6,034 42,726 7,701 Creditors- amounts falling due within one year 2024 2023 Trade Creditors Accruals Deferred Grant Income Taxation 2nd Social Security Net wages Pension 7,575 13,423 629 1,640 37 227 14,409 8,656 629 1,265 37 1,358 23,531 26,354 23
ACTION DEAF YOUTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IVLLiRCH 2024 io. Related party transactions During the year Baker Tilly Mooney Moore carrted out the independent examination. Stephen Mcconnell (forn]er treasurer} is a partner at the firm, the firni charged £3:000 for the independent examination. During the year there 'aS no other related party transaction5. ii. Schedule of fund5 Opening Balance Income Resources Resources Expended Fund Transfers Closing Balance Restricted BHSCT Halifax Big Lottery DFC- Access to Work Sign Language External Training EA - Outreach EA- Youth Core Services EA- Tbuc 19120 Hedley Foundation EA _ Coordinator EA- Summer Programme Coronavirus Community Fund DFC- SL Covid-19 Support Donations- Lets Play & Grow DonatlOlls- Play Rangers SLPG 21122 Granl Youth Action Nl Henry Smith Charity Capital Fund Programme SLPG 22123 Grant SLPG 23124 SLPG-Schools BSL 23124 SLPG - Additional Ll 23124 SLPG- Empowering deaf children 23124 DFC-Capital Fund 23134 5,390 4,168 (2,609) 6,949 23,181 (3,215) (23,219) 19,966 23.910 (691) 7,554 106 813 7,554 106 651 (162) 289 383 8,528 4,642 205 4,956 6,128 489 421 24 22,702 20,000 17,700 289 143 8,528 1,5.16 205 3,966 4,430 489 421 24 35,306 (240) (3,106) (990) (4,067) 2,369 60,000 (47,396) (20,000) (10,940) (13,614) (2,584) (3,203) (36,718) (2,220) (6,900) (1,480) ( 1,000) 4,540 17,213 4,881 4,268 20,239 37.727 8.945 8.471 56,957 7,844 (7,844) Total Restricted 123,518 207,285 (176001) (12,291) 141,711 Total Unrestricted 44,080 23,831 {66,180) 12,291 14,022 Total 167,598 231,116 (242,981) 155,733 TTan5fers between funds represent a reclassifjcation of funds going forward. 24
ACTION DEAF YOUTH NOTES TO THE FINACIAL STATEMENTS FOR THE YEAR ENDED 31 IIIARCH 2024 12. Analysis of net asset5 between funds Unrestricted Funds Restricted Funds Total Funds 2024 Tangible Fixed Assets Current Assets Creditors le55 than one )"ear At the end of the year 5,898 13,494 (5,370) 14.022 7,476 152,396 (18,161) 141,711 13J74 165,890 (23,531) 155,733 25