Glen Parent Youth Group rinancial statements for the year elided 31 March 2023
Glen Parent Youth Group liiformatioi) Aiiditor,8 Mccreery Turkingion Stockman LTD l Lanyoii Quay Belfc15l BTI 3LG Busiiicss clddrcss The Glcii Commiiiiily Pareiil Youih Groiip Gleii Coii)iiiunily ComplLK 41 c ,SLlt'tolk Road Beltiisl BTI19PE Bcinkcr, Bank of LL'e11< lid 202 Aiidersonslowii Road Belta81 B'I'I 19EB
Glen Parent Youth Group Contei)ts Page Management Conimiitec Report Audil report Staleinent ot Finaiicial Activities B<ilance sheet 10 C<i%h tlow sl£ltei)ient 11 Nolc% to Ihc f'iilancial sl¢il¢iiienl. 12-17
Glen Parent Youth Group Statement of Management Committee's Responsibilities for the year ei)ded 31 Iwlarch 2023 The coinmillce prescnt Iheii. report with the audited fiiiaiicidl stcllemenis for the year ended 31 March 2023. The accoiiiils have becii prepared in accordance with the Éiccoiinting policies %el oul in nolc I to Ihc 1( Lcounl¥ and comply will) Ilie chl< rily's Mernorilli(liiiii ancl Articles of Associic lion and 'Accounliiig and Reporling by Cli4lritie8.' Stateiiienl of ReL()mmLiidLd Pi'<lLIicL appliLiible tu Lliili-ities prep<iringy their (ILLounts in i2ccordance with the FinaiiL ial Repoi'ling Staiidcird cippliccible in the UK tind RepubliL of Ii'elciiid piibli51iL(l ii) OLtober 2019" Reference aiid Administratlve Informatlon Charily N4l111e'. Gleii Parenl Youlh Gi'oup Charity Regi%lralion niiii)bei': 10•053 Business Addres8'. Glen Coinimunily Coniplex,4 Ic Suftolk Road. BeltÉTrSt, BTI 19PE Trustees Pati-ick O'Donnell Doii Ccirmicliilcl Gi'el¢i Dohei'ly Eli7.abetl) Deveniiy Bernlidelle Farrelly Auditors MLCrccry Turkington SloLkniaii L1'D,l Laiiyon Quay. Bclt'1¢.s1. B'fi .ILG Baiikers Baiik ot Irelaiid, Aiider50nlowii Ro¥ld , Belta%t Page I
Glen Parent Youth Group
Statement of Management Conimittee's Responsibilities
for the year ei)ded 31 March 2023
Achievements and Performance
The past twelve Inoiiths wilnessed ali inLir4ise iii the level of Sei'viLes11c Ltivilies oi'gdiiised iii the Gleii
Conimiinily Coinplex as a result ot Ilie edsingy ot Covid i'esli'iLtions. More Ihaii 50,000 User Visils were tnade
by childrLn, young i)eople, t'¢1milie8 and adii118 using oiir Services t'or DÉiycare, Atter-,schools, Youtli,
Ediic¢ltionrrr¢1ining, Pi¢ inily ,Siipporl, Sporting. Hel< Ilhy Liviilg Pi'ogrqL mines <iiid AdvoLclLy Sei'viLes.
We enhanced oiir Parliiei'ship aiiaiigeinenl% with St. Gei-drd'.s School, Leii<idooii ComIniinily Foruin. Belftisl
He<illh & Soci¢il Care Tru.sl. Ediiccltioii Aullioi'ily, Coiiiily Anli'iin GAA, WoinLn inlo .Sp()rl, LLnadooii
Cominlinity Counsellii)g ProjeLI aiid &1 wide rc1nge ot Networking Bodie,%. Our Social Econoiny Daycare ic nd
After-.sLhool% Projects cnabled us Lo eiiiploy c1ddilion1c l 8l1c ff. We had ¢1 vei'y positive Inspeclioii by che
BHSCT Eai-ly Year8 Tcam4 ii) Jiily 202? Wc <11.%0 litid 3 very positiv¢ Modell'alioii Visils foL' our Youth
Sek'vices by Ilie E.A. Iiispeclor(Ile in the i)<isI 12 inoiiilis.
Tlie E(IuLalion ALilhority 5ti'eiiu¥lhened Ilieii. rel¢ilion.sliip willi u.s ai)d we werL succe,s%l'LII iii our tui)diiig
c Pl)licalion l() Iheni. OLII. InLliisioii Pi'()jecl wilh ,St. Ger4?I'd',s now riin,% Iwo (lay.8 ¢q week. The I'eveniie froiii Ilie
DayL¢li'e and At'ILr%chool's Pi'ojvLI Ihi% yV411' r¢sulied iii &i grL¢l1¢1' iiicoiiie aiid <il%D ali iiiLI'ecl.SL III Ulir
expL'I)diliii'L ¢ind (iulpiil%. Thi4 Lll<ibled us lo bL IblL to Lover thL IIubyL inLI'La%L in Sil<1-I' ¢ind Riii)nii)g Cos18 for
the Groiip. With the iiiLrea8e iii iiiinimlim waLye and Iiuge ii)Lrea%e iii gas, eleLtI'iL and runiiing L()sls, we
woiildn'l have beeii able lo (leliver Ihe S<iine level ol Sei-viLe% in Ilie Complex withoiit the i'eveiiue raised by
our Si)cial Econoiiiy Pi'nject.
We wilnes%ed ¢in inLre6i%e iii ihe niiiiib¢i' ol. reqiiebl% lo use oiii. rooms and Mi21n FIiill fui. Meeliiig%, Fiiiiiily
CoiiiaLt, Triiiiiiiig, W(?rk.%hop.s <liid SpoitiiiglHe£illh Activities É111(I Progi'<iiiiiiie%. Wc i£150 lio%led a iiumbcr of
activitie% ¢lll(l Eveiil% iii IhL' C()nii)lex i)<irl of. IhL Len¢id<)oii Coiniiiunily Fe%tival. We host Iwo Citywide
Si?ortingy Fvtsnt.s f4)i' tschools cl1l(I CJl'OllI).s fi'oii) 4i¢ro.%8 BLI f¢lSI.
Tlie.%e wei'e <1 Cilywicl¢ Jiidu Coiiipelilioii <ind Buxinb Wurk%hups t<lLililitted by the IL'i%h Aii)iileiti' Boxiii
A8sDci¢ilion. BL'lfasl Uld £il%o delivered two Ful%ol Coachiiig Courscs in Ihc Coniple,K Ili1% yedr. Our Yoiitli
Sial'f Co-oi'diiialed 11 Wiiitei. Toy Api)eal locally which re%ulied in hLiiidred8 of toys being dnnatecl liiid
dislribiilcd io local fanii lies.
We worked in P1< rlnei'ship wilh Leiiadooii Wonieii's Gi'oup lo f¢icilil<Trte a Winter Families iii Need Appe<il
whicli rc,sullcd ii) over l 00 iieedy local taiiiilic.s and individii<il% i'ecciviiig food, Cloilic%, toilclric%,, fucl, clc.
ovei. the Chri51masNew Year perio(1 ciiid lo siipply Uiility Voucliers to those iii grecltest need. Adult
.%¢ifLgllliirding, Child Pi'oleclion, Pciedialric First Aid, Mindfulness and Suicide Prevenlion Ti'aining, wa5
piovided lo th¢ Silltt and Voliiiileei'% iii Ilie pa%1 12 111011llis.
The inain fociis ot oiir activilie.s, prograiiinies and .%ei'vice.s Iliroiigilioiit the ye<ll' Wcl.s Icirgeted Ilt dis(Idvaiilcibyed
individiials iiiid tlc milie8, n11( iiy of whoni wei'e I'eferred Iroiii a V
Glen Parent Youth Group Statement of Management Conimittee's Responsibilities for the year elided 31 March 2023 Financial Review The results foi. the year £e inLIuLled in the financial documents. The Groups resli'icted I'esei-ve increased diiiiiig the year. Investment pnlicy Any %iirplu.s tund% are transferred iiilo .short terni Srf?viiigs account% for iiiveslmeiil. Reserves Policy The M<ina&Femenl reliiin fLiiids iii the Lh(Irily iii ol'der lo provide siiifiLienl woi'king Lapilill lo l acililale the oiigoiiig aLtivilie.s. Tlie t¢irget foi. unre%ti'icled tund re%erves 1% three moiith,q %uppoit cost.s. Volunteers 'riie cli¢irity i,$ appreci¢qtive of the efforts of its voliiiileei's who are involved in service provision. Page 3
Glen Parent Youth Group Statement of IkIanagement Conimittee's Responsibilities for the year elided 31 March 2023 Stalement of fvlanagement Conimittee's Responsibilities We appi-OVL Ihc tinancial statcmcnls We confii'm Ihal:. The CoIninillee of the Group are re%i)onsible foi. the preparation of Ihe financial stÉ?lemenls so as lo give a true and t(iir view of the %tcile of affairs of ilie Gi'uLlP and of the income aiid expeiidiliii'e Of the Group foi- Ihe finanLial yecli-. In pi'ep¢ll'iiig those lincliiciiil .sl<ltenients, Ilie Commillee i5 required to-. SLlecl suitable £1ccoiintin& policie5 <111d Iheii apply them consisteiiily; make judgement.% and estiinale% I1i¢11 are rea%onable ¢liid prudenl., PIEI)ciie the fiii<111cial slalenieni4 on the going conLLrn bilsis, Iiiiless it 15 inaiipi'upri<lte to pi'e5ume that tli¢ GL'UiiP will LOlltii)iie iii busiiiess. Th¢ Coiiiniittec ot the Group arc al40 i'e%pon%iblc foi. kcLpiiig pr()per acLounliiig iecoi'd,% Ihiil di,%Llo.sc with I'ea%onable 4qCCllI'acy ¢Trl 1¢ Ily liiiie tlie tin¢qllCicql i)o.sitiaii of Ilie Grouii. They (ire <11,40 re41)oii%ibl¢ f'ni. .safegiiai'dinbF the assets Ot tl)e Gi'oiip L1nd taking I'e<ison<il)le step% foi. th¢ preventioii and dLteclion of fi'aud aiid othei. iri'ebyularilftes. For cind on behalf of Cominiltee Mill)agei- Chairpci 18111 Octobei- 2023 Page 4
Glen Parent Youth Grnup Independent auditors, report to the iiiembers of Glen Parent Youth Group Opinion We h<ive aiidited Ilie lin<illLi<il sl<ilemeiils of Gleii Pareiil Yoiiih Gi'oup for the year ended 31 March 2023 which coinpi'ise thL Stalemcnl of Finaiicial Activities , tlie Bal¢111ce Sheet, the Cash Flow Siiilemeiit aiid note5 to tlie financi4118lalemeiils. including %igi)ific<int accounliiig policies.The till<inci1< I reporliiig li'aniework Ili<lt has been <ipplied in their pi'eiiclfiilion 15 (tppliL<ible Ic1W and lJiiiled King,dom Accouiiling Sicliidc11'd%, inclliding FiiiiinLicil Rcpoiting Standard 11)? Thc Finaiicial Reporting St<liiclai'd applicc1blc iii Ihc UK Ic lid Republic of Ireland (Unilecl Kiiigdoin Generally Acc¢pied Accoiiiiting Praclice). Iii our opinioii, the financial .sl¢lteiiients'. give a li'LIC cind tair viLw ot Ilie slatc of Ilic cli¢ll'ity's atfair% a8 ¢Tr13 l March 2023 aiicl of ils inLoming resoui-ces ¢ nd ¢ipplicalion of re.4oiirces, for the Yeai- Ihen elided; have been properly prepared in accordance with United Kingdoim Generally ALLepied AcLouniiiig PraLtice; and Basis for opinion We LunduLled ULII. iiudil iii dLLurd¢ll)Le wilh Inlei'ii<ili011411 Sidn(l¢ird% on Aii(lilin& (UK) (ISA.4 (UK)) dnd c ppIiL<iblc l<lW. Our rc.41)onsibililie% ui)(let' Ili().%e %1&1ndard% <irc t'ui'ihcr desL ribc(l iii IhL Audil()r'.s rc%i)oii%ibililiLb foi. Ilie audit of. Ilie I'iiiiiiiciiII .%luleineiils %eclioii i)t' oui. rLP()I'l. We are ii)dL'I)Lii(lei)l ol. the c111¢ rily il) <qccor(laiice with Ilie Lil)iLal rL'ciuireinent,s thdl 1< re I'LILvanl to our audit of Ilie fiii¢lllcic11 st411¢menlts iii thL UK, including th¢ FRC'.4 Ethical Si()iidai'd, and we have fulfilled our oiliei. eihicul i'e%ponsibililies iii iicLui'ditnLe with these rLqiiirLmLnl¥. Wc bLlievL that Ilie ¢iiidil evidence we have oblaiiied is .siiffiLicnt ciiid appropricltL to provide a ba%1.4 toi. oiii. opiniDI). Conclusions relatiiig to going concern In uudiliiig ihe fiiiaiiLial slalemenls, we have coiicluclecl Ih¢il IhL Ii'iislees, Lise ol (he g70iI)g coi)cei'n basi,5 of ,TrLLouiiliiigy in thL I?I'Lparalion ()f Ilic fin<illLi<il slaleIncnl% Is <lPI)rnprilc Ic. Bil.sed on the work we h&ive i)erf()rmed, we liiive n()t i(ILiilil'ic(I (illy Illiilei'ial iincert4iinlie%' relating t() events or Londiliuii% Ihiil, indivi<lLl<illy or LolleLlively, lll¢iy Las1 .%ignil IL41nl doiibi i)n (he ¢hcll'i(y'.% iibilily lu Lontiniie 1< s a going cuncein tor a pLI'iod ot. ¢11 ILcisI Iwelve iiii)nths ti'oni when the tinaiiLial .sl<ilemeiils al'e auihoi'ised tor Hi)wever, we Laiinvt piYdiLt (Ill fiiliii'e eveiil% oi. Loiidilic)11% 41nd as %ubseqiicnl ev¢nl% In6iy result in ()utcoine8 Ihcil <ire inc()nsi.slenl wilh jii(Igyemeiil.s (hal wei'e r¢a8oii<ible (11 the liiiie they were niade, the cibseiice of refei'enLe lo a iiialci'ial iiiiLcrliTrinly in this aiiditor'.% repnrl 1% iiotl c guai'aiilcc Ihilt the C111( rily will c()iiiiiiuc iii oiici'alion. OLir respoii.8ibililies and the i-e.8pon.8ibililie.% of the trustees with respect to going conccrn cqrL' described in the i'elev<int 5ecti01i5 uf this i'eport. Olher information Thc otlici- intoi'niiilion coiiipriscs the iiiforini11ioii iiiLludcd iii Ilie <iiiiiiial i'cpoi'l, oilici. than Ihc accounts and our udilor.5 l'eporl thei'eon. Tlie tru.slee% are respon.%ible I'or Ilie other iiiforiiicilioii. Our opinioi) on the ac¢ounl.s doe.s not iuver Ilie other infoi'mation aiid we do nol expre.ss any foi'iii of a.ssiirance conclLlSlQlI Ihei-eon. In LoniiLcLioii wiih oui. aiidil of ihe accoiiiits, oiii- r¢spoiisibilily Is lo iEad the oihei. iiiformalion 1( nd, iii doing so, coii.sidcr whetlici. the oiliei- intomiation i% materially inconsi.stent with tlie Ic ccounls oi oui. knowledg¢ obtained in Ilie <111dil or oilieiTrvise appe<if5 to be ni(Itei'ially Ini5St<iled. If we i(lenlit'y sucli m(ItLfic11 inconsi51enLies oi. clPP¢irenl material Iiiissl(i(emeiils, we al-e requii-ed io detei'iiiine wlieiher Ili¢re i.s a niateri£il mi5Stalemeiil iii IhL aLLountb or a mc11erial InisslciLem¢iil of the oih¢r intormiltion. If, ba.sed oil the work we have perforin¢d. we LonLlude Ih<il there is a materi2< I misstalemei)t of this other iiifoniialion, we are required to report that fact. We have nothing to report iii this regard. Page 5
Glen Parent Youth Group Independent audilors, report lo the inembers of Glen Parent Youth Group continued Matters on which we are required to report by exception We licive nothiiig lo repoit in respect of the folloiving iiialters in relcilioii lo whicli tlie Charitie.4 (Accounts and Repoi-15) Regul<ilions (Norlliei'n Irel(Ind) 201_fi reciuire us lo report to yoii if, iii our opinion: the iiifonn¢?tion given ii) Ilie fincliicial sl¢11emeiits is inconsistent in aiiy Intqtei-ial respect willi tlie trustees, report. oi. Slifficieiit accoiiiiting r¢cords have iiot been kept. or tl)e tlllciiicial slilten)eiits al'e iiol iii agreeiiieiit with the accountiiig I'eLoi'ds' or we h(tve iiut i-eLeived all the iiifoi'niatioli <ind explaniilions we require t'oi. our audit. Responsibilities of trustees A% explaiiied inore tully iii Ilie ,St<llemeiil ot tru.%lee%' Responsibilities, Ilie Iru%lee% ar¢ re%poii.%ible tor the prepardtion of the account% and for beiiig salistied thal they give a true and t4711' view, aiid tor .siich intei-lic11 conii'ul il.s IhL LuminitleL dLIL'rininL is nL'LL.s%ai'y to eni¢ blL the pi'epai'ation of acLoiinls that are I'i'ee fi'oiii 11)¢ltLI'i(Il iiii.sstcilL'iiILiII, wheihLr due to frdiid oi. ei'i'ui.. Iii prep£iriiig the uccount%, 11)e Irustee.s Kire re.spoi)sible f'or us%e45iiig Ilie cli<irity'.S iibility to coiiliniie a8 a going LonLeni, di,sclo%ing, a8 cippIiLiiblL, mailers rLlalLd Lo goiiig coiicei'ii and ii%ing the goiiig concern ba,%is of accountii)g unlc%s Ilic Irublcc%' cithcr iiilciid to liquiddlc Ihc chai'ity oi. to cca.%c opci'alions, or Iiavc no rcali%Cic Iiernalive bul to do .%0. Audltor's responsibilities for the audlt of the financial statements Oiii. ubjeLtives (li'e to obt<lill I'e<l.suncible i15sufliiice iibuiit whether Ihe fiiiilllLi(il %tiiiemei)l.% <1 whole <ire I'ree tl'olll 1lliilLI'ii( I Ini%stcilLiiicnl. whLihLr duL' lo Irciud oi- Li'ror, aiid to i.4.¥llL an 4lU(liloi % rLPQI't Ihcil ii)¢lLidL% (iur opiiiion. ReLTrS()llcible a%%iiraiice 1.% ¢i l)igli level ot 41.8%LlI-ance, bul 1% not u gu<1raiilee tliiil L1ll &lU(lit coiidiicled iii ,Iccoi'dl& nLe wilh ISAS (UK) will 2i Iw11 y% delecl L1 Inateriiil misslalLmenl whLn il Lxis1%. Mi,ssl<ilemeiitS Liill Ill'ise t'rom f'i'aud or ci'ror and al'e con.sidere(I malei'iiil it., iiidividuic Ily or iii IIIC c1ggrcgalc, Ihcy could LcasonabRy bc expected to intlueiiLe the econoinic deci%ioii.s of u,ser8 taken on Ilie basis of these fi111< Iicial slaleiiients, Page 6
Glen Parent Youth Group Extent lo which the audit was capable of detecting irregularities, including t'raud IITegulill'ities, iiicliiding frit ud, are i118tances of non-coinpliqÉ l)ce willi laws dnd i-egulalions. We desigii procediires iii line ivith oiir respoiisibilities, outlined above, lo detect tn<lterial iiiisst4ltemeiiib in respcct of irreglilarilies, illLliiding li'alid. ThL Lxlciil lo whiLh oui. procLdLlI-cs al'e Ccipable of delevliiig in-egiilai'ilies. Ancludiiig fi'aud is detailed below: We identified the are<lS of law5 iiiid i-egLII(tlion5 th<it Loul(I re<1501)ably be expLcle(I lo have a Inateiial eflecl on Ilie fiiiaiicial sl1¢ ILniei)Is <liid risks ol. matcrial mis.sialcii)Lnl dlie lo fi'aud, usii)g oiii. Iiiidei-st<liiding of the cnlily'.S iiidii.%lry, regul¢iloi'y eiivironineiit c1nd nihci. cxtei-11(Il factoi's and inquii'y with IhL 'fi'u%lcL8. lil <iddiiioll. oui. L'i%k ,Is%e.4smeI)t procedui'es include(I'. inqLiiring with tlie Tru51ees tis lo the chitrilies policies ¢111d procedures regyarding7 conipliiince wilh l<lWS <ind regiilalions l< nd prevenlion lind deleclion of fr¢2ud' iiiqiiii-ing whether ihe Truslec.4 h<iVL knowledgL ot any 1¢ Ltual or ,%ii%pccted noi)-Lomplian¢L with I1lWS oi. regiilcilioiis or ¢ Ileged fraud; inspecting the charities I'egulalory aiid leg7dl correspondeiiLe; aiid readiiib, Boiird Iniiiutes. We discus,%ed ideiiiilied ItiW5 and regLilation%, fr1< lid risk t¢lclor.s ai)d the need to reinain alerl ¢1moiig the <Trudil Icain. Tl)e Lli<irily IS %LibjeLt lu l<lWS diid I'Lbiilalions that dii'Lcily affLLI IhL fincillLi411 .8tateincnl8 chai-ily lond fiii&oiiLial repoi'lii)g legvj,%l<ilioii. We (15.SLssed Ilie e,Ktent ot Loiiipli¥ll)ce with these lilW% iiiid regTiil¢ilioi).% 1c.41)<lrt ot i)ur proL¢diii'¢s ni) Ilie reluted tinaiicial .%lcqlemei)t ilems, inLludiiig 1¢ ssessing the f'iii4inci£11 %1Aleineni (IisLIo%LlI'es and agreeing Ihein to supportin&T IlocuinLni(Ilion whLn nLcessiiry. ThL Lharily 1% %ubjcLI lo inaiiy ()thci' law.% aiid rcgul¢?tioii.% wlici-c th¢ ioi)sequcii¢¢% ot ii()ii-Loii)pliaiiLe could 114ove Inateri1< l ef'tecl nn 1L lii(iunls oi. di%clo.s111-es iii Ilie 111i4?IICicil s1i11Liiieiil.s, t'oi. in%l<iiiLe Ihr()ugh the iiiii)0siliun uf fiiies 01. liligTaliun. WL idcnlil'iL(I the lollowinby arLIlS (its Iho%L Ii)0,s1 likLIy lo h6iVL such an eftect.. lie(Ilih lind sdfelyy ciiili-bi'ibei'y, employiiieiil l<lW, eiiviroiinieiilcil l¢lW. Aii(liliiig %lciiidcil'd% liinit the iequired iiuilil pi'ocedure% lo ideiility nnii-coii)plicince will) llie.se ni)i)-dii'eLI l(IW% ,Iiid I'LbTiil<lliun% lo inciiiii'y of Ihc TrLi%ILL'% (11)cl inspcLlion uf I'L'giilcilui'y ¢ind legal coi'rcspoiidenLL, il. ffjiny. Tlicse liniilLIl proLLdui-c% (lid iiol idciilil'y ¢qclual oi. suspcclcd lion- coinpli1c IILC. We a8se8secl event.8 oi. condilions tli<il Loiild indicilte an incentive or pies.%ui'e to L()mmit fi'aud oi. provide an 01)pvi'liini(y lo coininil fi iiiid. As I'cciuired by dU(liliiig sldiiilai'ds, wv pi'rloriiicd pi'()cvdui'LS Io &icldi'¢s% ihe I'i.8k ot. InLinagcmcnl ovLri-idc ol. conlrols. On Illis ¢iudil we do not bLli¢ve Ihci-c 1.4 a fi'ciud ri%k related lo revcnLIC recogi)itioi). We did Iiol ideiilify 1( l)y adililioncll trciud I'i5ks. Iii I'espon.se to ri.sk of fi'aud, we <il%o performed pi'ocedure.s iiiLluding: identifying journal enlries lo lest based on risk Lriteri<l 41nd Qoillpic i'lng the idLiilitied eiilries lo suppurlinLy do( iiinenlalioii. ev1( luating the l)Lisin¢.ss puri)o.se ol. signitlC¢qiil unii,siial Ii-ans<lLtioiis; a.ssessiiig sigiii ficaiil accounliiig estimates for bi<l.8- and assessing the di.sclosuies in tli¢ finanLial statemeiil8. Owiiig lo the inherent liinitations of an &ludit, thcre is ali iinavoidablc ribk Ihat wc Inay not have dctected soille 111<lteiial inisslateinenls in the financial slaleiments, even Ihoiigh we have properly pl¢1niied and perforined oui. aiidil iii accordciiiLe with aiiditing st1ndard.$. For exaiiiple, tlie further i'eiiioved iioii- Loiiipli(ince with lilws (lnd regiilations {ii-regulclL'ities) is froni the eveiils c111d li'ans1c Ctions reflected in the financicil bl(Iiemenls, the less likely the iiihei'enlly limited procedure% reqiiired by c1udiling stilndards woiild ideiilify it. Page 7
Glen Parent Youth Group li) <iddition, as with <1ny aiidit, there remains a higher ri.sk of non-deleclioii ot irregiil<Trrilies, as these ITI2& y involve Lolliision, lot'gLry, inlLntiOllcil oniissioiis. misi-epreseiitiltioiis, or the oveii'ide of iiiiernal conlrols. We c i'e iiol i'csponsible foi. prevcnliiig IiOLI-conipliance and C<iniiot bc e.xpectcd 10 dclccl noii- coillpli1c IICC Wlth all law.s wid regulations. A turther description of oiir re%poiisibilities foi. the audit of the accounts is located on the Financicil Reporlii)g Council's website al.. http'.//www.fi'c.oi'g.Iik/(iudilot's i-esponsibilities. Thi.$ description forms Pc1rl ol. our auditor'5 rcpoLI. The pui'pose of our audit work and lu whom we owe uur responsibilities Tlii.s report i,$ made solely lo Ilie charity's trustees, as a body, in accordance with Part 4 of Ihe Charities (Accolinls an(1 Repor15) Reglildlions (Norihei'ii IrLlandl ?015. 0111. Ic iidil work has beeii iin(lei'11< ken .40 Ihcil we niigylil slalc lo IIIC Lh&irily'S Inember% Ihosc inallci's we al'e rcquircd lo slc11e to them in <lli aU(liloi s rcporl an(1 toi. no oiliei. PLlI'pose. To the fullesl ext¢iit pei'iiiilled by 14LW. we do not liccepl (Ir a%suinL I'csp()n%ibilily 10 cinyoi)e oiliei- Ihaii the cliarity and Ilie cliarity's liii.stee.% it.s a body, t()r our aiidil wi)rk, foi. thi.8 I'eport, oi. for Ilie opinions we hilV¢ foriiied. Richard Mcclay FCA (Senior Slatutory Auditor) For and on hehalf of Mccreery Turkington Stockman LTD l LJnyon Quay BELFAST BTI 3LG Chartered Accountants Illth OL'tober 2023 Page 8
Glen Parent Youth Group Statement of Financial Activities (Including Summary Income and Expenditure Account) for the year ended 31 March 2023 Unreslricted Restricted Funds Funds Total Total 2023 2023 2023 2022 Incoining Re.sources ALiiviiries Icj ]iii'tlier Ilie .hiii'ii)i.s' objeelive.¥.' GL'1( nl rccLivcd and oilicr iiiconic Investment inLome Iiive%tinent Inci)ii)e Notes 874.429 874,429 809,434 204 Total incoming resources 874,429 874,766 809,638 Charitable expenditure Manageinent 1¢ ndc i dinini.%li'alion {4,400) (877,119)(881,519) (761,989) Total resources expended {4,4QO) (877,119)(881,519) (761,989) Net Ineoine before transfers (4,1)63) {2,690) (6,753) 47,649 I'ransfer between funds Net incomlJ)g resources (4,063) (2,690) (6.753) 47,649 Fund balances brouLyhi forward 78,646 ?60,6?7 339,273 291,624 Fund balances carried forward 74,583 257,937 332..f20 339,273 All of the above rebulis are derived trom trom coiitiniiiiig aLlivifes.All g¢llllS ¢iiid los.ses recognised in the year at'e in ed above. Chair ers Treasurer 18 October 2023 The notes on pages 12 to 17 form an integral part of these financial statements. Page 9
Glen Parent Youth Group Balance sheet as at 31 March 2023 2023 2022 Notes Fixed assets Taiigible assets 691 888 Current assets D¢btoi'% Ci¢ sh 1( I bank ¢iiid in haiid 333,269 34?,425 333 ?()9 357,425 Creditors: amounts falling due within one year (1 ,441)) (19,040) Net current assets 331,829 338.385 Net assets 332,520 339,273 Capital and reserves Restricted Fund Uiiresli'icled Funds 2_57,937 ?60,6?7 78.646 332,5?0 3.39,?73 The financial 8lat¢menl¥ were iipproved by the Coiiimillee on l 8 October ?023 lind signed 1£ nd &tppi'oved lor i5511c on it.s behalf. by Lhairperson Treasurer The notes on pages 12 lo 17 form an integral part of these finaiicial statements. Page 10
Glen Parent Youth Group Casli flow statenient for the year ended 31 March 2023 2023 2022 Cash generated from operalion.s Nel inci)me / {expendilure) foi. the yeai. Deprecialioii Decrease iii debtors (Decrease) in creditors Investinenl iiiconie recogni5ed iii stalemenl ot. findncial activitie8 Net cash outflow t'rom operating activities {6,753) 197 i.f .00(I (17,61)11) (337} 47,649 (15,0110) 17,61)() (204) {9,49.3) 50,308 Cash ftlow stateinent Nel cash oulflow from opei'aling aLlivilies (9,493) .$0,31)8 Cash flow from investing activities Intei'e.4t reLeived 337 204 DeLrease in cash in the year (9,156) 50..fj12 Recoiiciliatioii of net cash tlow to niovement iii net fuiids Decrease in cash In tlie year Lash and casli equivalents at l Api'il 2022 Cash ai)d Lash e(iuivalents al 31 MarL.h 2023 (9,156) 342,4?5 .5(),.512 2()1 C)13 333,269 142,42.5 Page 11
Glen Parent Youth Group
Notes to the financial stateiiients
fur the year elided 31 Marcli 2023
Accoiinting policies
1.1. Basis of preparation
The <iccoiiiils Iiiive been prepared in accordance willi the chi1rily's governing documeiil 1ciid
'AcLouiiiinbT ¢ind Repoi'liiig by Cliarilie%: Siateiiienc of ReLoniineiided Pr£iLlice cippliciible to Lhai'iLies
prepciring thcii. accouiiis in <lLLordance with the Finaiicial Repoi'iiiig Staiidai'd <lPI)liLable in the UK and
RepubliL of Ireli¢ nd publi,slied in OLlobei' 2019" The charity is a Public Benefit Enlily as detined by
FRS 102.
1.2. Resources expended
All expenditure is
Glen Parent Youtli Group Notes to the financial staten)entS for the year elided 31 Murcli 2023 conliniied 1.6. FinanLial Instruments Tlie chÉ11'ity lias elected to apply Ilie provision.% of Section I I 'Basic Finaiicial Ii).stl-Lin)entS' (tnd Section 12 '0ihei' Fin<iilCL<il Iiisli'uiiients Issiies, uf FRS 102 to all of ils fii)4illci<il inslrurnciits. Fin]Cial instruillents al'e recogni%ed iii the charity's balance sheet wheii the charity becomes P<1rty lo the conli'actiial provisions of the iiisti-iim¢iit. Fi111c ncial 1¢,S.8etS clnil liabilities al'e offset. with the nel amounts pi'esented iii tlie fin<Triicial 8laleiiienls, when tliei'e is a legally enforceiqble i-ighi lo set off the iecogiiised ainounl% and Il)ei'e 1% an intentioii to seiile on 1< nel basis ur lo ie<ilise Ihe ussel c111d seiile ihe liabiliiy simultai)eoLisIy. Basic finaiieial assl'ts Basic tinill)Ci<il it.sse15, whicli iiicllide debtoi's and cash c1nd bai)k b1( lances, are initially Iiiea8111'Ld at li'aiis¢iLtiui) price inLludiiibT Ii'iill%ciLlion Losls (Ind til'e siib5eqiienlly Lari'ied lil ¥iiiiorli%ed Losl Ll.siiig ihe eftective iiitere%t nieiho(l uiilc%4 Ihc an'aiigcniciil constilulc5 cl t'inaiiciiig Ii'aii.S£lLli()11, whei'e Ili¢ li-ansaclion is Ineasured al Ilie i)re%eiil value ot the t'iilure receipt% di%coLiiiled al a nii< rkel rate of inlere8t. Fin<ll)Lial a%scts Lli1ssiliLd ils ItLLivablL wilhiii 01)e yedi. ¢li'L iioc aii)oi'lis¢d. Basic financial liabillties Biisic tinaiiLiiil li<ibililie%, iiicludiiig creililoi's Kind b¢ll)k loans (ire initially recoLYllj.%ed <lt Irans1( clion pi'ice Linle.5.8 Ilie at'rciiigeii)ent L()11s1iliile8 a fiiianLing Ii'(InsaLtioii, wliere the debi iii%lriiii)enl 18 iiiea%ui'ed clt Ilie prLsei)I valuc of thL fLilui'e Pciyiiieiil.s disLuiiiited al a Inarket I'<lle of ii)teresl. Fii)£illLi<Trl li£ibililies classifiLd (18 payable wiiliin onc ycar ¢1rc not aniorli%cd. Debt inslrumenls are SLib5e(iiienily Ldn'ied <lt cllllol'lised cosl, Iising Ihe etfeLliv¢ inlei-¢st r4?le inethod. Trade creditors al'e oblig¢?lions lo pay foi. good8 01- .8ervices thal111< VL bccn aLquired iii the ordiiiary L(iuI'se ()f opei'ali()ns fi'oin suppliei's. Aiiiouiits payable are cla.%8ifi¢d 41.8 Liii'r¢iil liabilitie% it i)aymeiil is due wiiliin oiie yecll. ur le.s%. If i)ol, they lire pi'e.%eiited <iS iion-CLlI'i-ei)I liabilitie.%. Ti'cicle ci-ccliloi's al'e Iccogiii%Ld initially al li'aiisacli()11 pricc aiid subscquciilly inc<i5ured al aInoi'ti.scd co%1 using the cftcciive inlere.sl melliod. Page 13
Glen Parent Youtli Group Notes to the financial stateiiients for the year ended 31 Marcli 2023 continued 1.7. Re.sources InL'omin¥ resources All inconiing resoiii'ces are ineliid¢d iii the SOFA wheii the charity is legally eiititled lo the iiicoiiie and Ilie aniount can be qiiantified wilh reasonable accuracy. Don<qtioiis al'e iiicliided as incoine whcii Ilicy ¢irc rcLeivLd. No ainounts are included in Ilie fiiiancial slaleinenls foi. services don¢lt¢d by voliiiileer%. Resoiirces expended All expci)(lilLII'L 1% 4lCCOLiiil¢d tor on ¢111 acLI-uals basi% aiid has been Lld.%Sltied under he4qding8 that agg7regale all c0515 reliiling to the cale&yory. Whei'e cos18 cannol be dirl'cily alli'ibuled lo Piirlicular he¢1ding8 Iliey h<ive been allocilted to ¢iclivili¢s on a b¢lSi,s consislent willi use of the resoui'Les. 1.8. Goveriiinent grant8 Goveriimeiil gi'cinls ¢irc I'ccogiii8ed cil the f<lil' V¢ilue ot (he 1( S.8el i'eceived or reLeiv4qble when there is I'C¢i%onal)Ic 1( %%ufc111CC that Ilic gi'aiil LDndilion.% will l)c Incl and Ihc grÉint% will bc i'c¢¢ivcd. A gyi'anl thdt ,%pecifies pei'fui'm(illLe cuiidition% is recogiii¥ed in incoine when the peifoi'maiiLe Lui)ditiun5 cll'e met. Where a griinl does not %peLity i)ei'turni¢iiiLe LUI)dilioii% il i.s recogiiisecl iii iiiLunie wheii the pi'oceeds are received oi. ieceivEibl¢. A gr<inl I'eceived l)ef'ni'e the recogiiilioii criteria 4Trre %ali%tied i.s rLCUbTnisL'd a liiibility. 1.9. Fmployee beneflLs The Lo%ls of %liorl-lerm employee benefils are recogni%'ed a8 cl li<lbilily iiiid ai) expense, Iinless (hose co81% ai'c i'eqiiii'cd lo be reLDgni%cd a% parl of Ihc co,411)I' %lock or t'ixcd d%%cI%. The cost of any uniised holidiiy enliileinent is recogiii5ed in the pei'iod in which the employee's services I'e i'eceived. Teriiiinalion benefilb al'e recognibed immediiltely as an expen,$¢ when the Lhai'ity is demonstrdbly ¥omiiiilled io l¢rmii)ale (he eniploynienl of 1< n employee or lo pi'ovicle lei'iiiiniilioii beiiefils. Page 14
Glen Parent Youth Group Notes to the fii)ancial tements for the year elided 31 March 2023 continued Unrestricted Restricted 2023 2023 Total Total 2022 2. Grants and other inco]nc received Rooni Hire <iiid Ci'echc Iiire Belfast City CoiinLiI B¢lfust He}11h And Soci1¢ I Care Trust EdLIC¢l1i()n Auilioi'ity Meiiibers Cuiiti'ibuli011slDc1ycare Dep¢ll'tiiient tor Coiiiiiiui)ities Sundry inc<)Ine Paihw<iyS Fund Early Ye<irs Upper Andei's()n%towi) Coiiiinunily Foi'iini 22,000 22,240 76,742 109.864 518,11114 74 ()?2 7,245 3(1,1100 12,612 22,000 ?2,240 76,742 109,864 5111,X114 74,()22 7,-582 -31),1)011 12.612 21,1)18 26,039 59,125 130,904 433,-519 71,766 18,123 3(1,0110 12,C)12 337 874,42l) 874.766 809,638 2023 2022 3. Total resoiirces expended Wagc.4, 41< lariL.% and pen.qion coli8 (Re8lricted) Tuli)r fccsl .S'LS.41(Illcql Icc% IRc%lriclcd) Educalioiial e(iiiii)Ineiil and ie.%oiirLe.s (Re%lricled) Pi'ogFI'am cosls and siiiiim¢i' %cheine (Resli'i¢lLd) Tr<iiiiing {Re.%li'icled) Rciil and rooin hii'c IRcstrictcd) Insurcqnce aiid Meinbersliip Fees {Reslricted) Light, heat cind otlier running costs (Re%tricled) Cl¢aiiing IRLsti-ictcd) Slciliuiieryl Repro&ii'<iphics (Re5tiicted) Telephoiie, Internet 1L iicl Po,814ige (Restricted) Traiisi)ori/ Diesel (Re%ti'icled) Audit (Reslricled) Bdiik Lharges (RestriLted) Creche me<ils and sundry expenses (Reslricted) Charitable Donations (Uni'eslricled) Depi'eciatioii (Re51ricted) 572,557 12C).-56.5 111.6114 41,378 3,116 20,000 7,722 42,212 14,223 8,481 3,651 13.499 1.560 .564 10,776 4,4 197 496,078 1111,281 32,810 41,116 6,553 20,000 2,507 17,36U 10.845 -5,759 5,214 1,560 618 6,305 480 881.519 761.989 Page 15
Glen Parent Youth Group Notes to the fiiiancial slatements for the year ended 31 March 2023 conliniied Net incoming resources for the year 2023 2022 Net incoinii)g I'e8ource8 i.s .slated after charging.. Depreci£ilion aiid oihei. aiiiouiits writtcii oft't tiiiigible assets Audiloi-%' remuneration 197 1,.560 1.560 Fixtures, rittings and Motor equipment vehicles Tangible fixed assets Total Cost At l April 21)22 19,889 10,410 31),299 Ai. 31 M41r¢li 2093 19,889 10,411) 30,?99 Depreciation At l April 2022 Charge tor tlic ycar 19,101 197 10,310 29,411 l97 At 31 M¢ch 2023 19,298 10,-110 29,608 Net book values Ai 31 Mdrch ?1}23 -591 101) 691 Al 31 M<ll'LlI 21122 788 888 Debtors 2023 2022 Lo<in.s 15,000 Creditor.s; amounts fallliig due wilhiii one year 2023 2022 Acciiials and delerred income 1,440 19,040 Page 16
Glen Parent Youtli Group Notes to the financial stateiiients for the year ended 31 Mareli 2023 conliniied General Restricted Statement of funds reserve reseri'e account account Total Tothl reserves at l April 2022 Total inLoiiie for the year Total expenditure for tlie year 78,646 260,627 339,273 337 874,429 874,766 (4.40(1) (877.119) (881,519) Total reserves at 31 March 2023 74,583 257,937 332,520 The genei'<il i'e5erve repres¢Iils the fi'ee funds of Ili¢ charity whiLli are not de%ignuted for pdrticulcir piirpv.ses. Page 17