Company No: NI067936 Charity No: NICLO2125
Streetbeat Youth Project A Company Limited by Guarantee Not Having Share Capital Financial Statements For the Year Ended 31/03/25
Page 1
## Streetbeat Youth Project
## Information
Chair
## Secretary
Treasurer
## Jonathon Clarke
## Kyle McArthur
Christopher Gill
Directors Sean Devlin Mary Montgomery Alan Bell Mark McFeeters Noel Maguire Stephen Dallas Liam McCusker Address 16 Woodvale Road Belfast BT13 3BS Accountants Insight Business Services 53 Bernice Road Newtownabbey BT36 4QZ Bankers Danske Bank Donegall Square West Belfast BT1 6JS
Paga 2
## Streetbeat Youth Project
||Page|
|---|---|
|Trustees’ Report|4|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Trustees Statement|9|
|NotestotheFinancialStatements|10-11|
Page 3
_
## Streetbeat Youth Project
## Directors' Report
For the Period Ended 31/03/25
The Directors present their report and financial statements for the period ended 31/03/25
## Board of Directors
The directors who served during the period are as stated below:
Chair Jonathon Clarke Secretary Kyle McArthur Treasurer Christopher Gill Committee Members Sean Devlin Stephen Dallas Alan Bell Noel Maguire Mark McFeeters Liam McCusker Mary Montgomery
Associate Committeee Members Terry McCallum
## Structure, Governance and Management
The organisation is a charitable company limited by guarantee, incorporated 1/2/2008. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
## Board of Trustees
The management committee are also the charity trustees for the purposes of charity law All trustees give their time voluntarily and receive no benefits from the charity.
## Aims and Objectives
The aim of the charity is to work to improve the lives of young people in Greater Shankill and North Belfast through development and support programmes.
## Statement of Responsibilities
The Board of Directors is responsible for preparing their report and the financial statements in accordance with appicable law and UK Accounting Standards. Company law requires the Directors to pepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.
Page 4
## Streetbeat Youth Project
## Directors’ Report
## For the Period Ended 31/03/25
A full management report for the year is included in the Annual Report.
The financial performance has been good. Total income has remained strong and costs have been managed to ensure that we there only a smail deficit for the year. Overall there is positive net asset position with unrestricted reserves of 25% of income.
This report was approved by the Board on LEMS vores and signed on its behalf by Signed bdly Name LIBS GREE.
Page 5
|[_a]
## Streetbeat Youth Project
## Audit Report to the Members and Trustees of
## Streetbeat Youth Project
| report on the accounts of the company for the year ended 31/03/25 , which are set out on pages 7 - 12.
Respective responsibilities of Directors and examiner As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006, Having satisfied myself that the charity |s not subject to audit under company law, and is eligible for Independent examination, It |s my responsibility to:
- examine the accounts under section 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
- state whether particular matters have come to my attention.
## Basis of Independent examiner's report
| 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 accounts presented with those records. It also included consideration of any unusual items or disclosures | the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is ta state whether any material matters have come to my attention giving me cause to believe:
1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006
2, That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland
4. That there is further information needed for a proper understanding of the accounts to be reached,
## Independent examiner's statement
| have completed my examination and have no concerns In respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, | have found no matters that require drawing to your attention.
Derek Browne ACMA Insight Business Services
53 Bernice Road Newtownabbey, BT36 4QZ
Page6
Yr |
## Streetbeat Youth Project
## Statement of Financial Activities for the period ended 31/03/25
||||2025||2024|
|---|---|---|---|---|---|
|||Restricted|Unrestricted|Total||
|||Funds|Funds|||
||Notes|£|f|f|E|
|IncomingResources||||||
|Grant|2|611,783.08|1,875.00|613,658.08|682,331|
|Other Income||0.00|4,323.53|4,323.53|8,838|
|Bank Interest||0.00|1,976.48|1,976.48|2,929|
|Total Income||611,783.08|8,175.01619,958.09||694,098|
|Expenditure
Charitable Activities||560,238.67|0.00|560,238.67|650,318|
|Administrative Expenses||0.00|7,513.92|7,513.92|3,965|
|Total Expenditure||560,238.67|7,513.92|567,752.59|654,283|
|Net Incoming/(Outgoing) Resources||51,544.41|661.09|52,205.50|39,815|
|NetMovementofFundsinthePeriod||51,544|661|52,206|39,815|
There are no recognised gains or losses other than the profit or loss for the above financial year. All activities relate to continuing operations
Paga 7
|
## Streetbeat Youth Project
**----- Start of picture text -----**
Balance Sheet
As at 31/03/25
2025 2024
Notes £ £ £
Fixed Assets
Tangible Assets 0.00 0
Current Assets
Debtors 5 83,965.63 105,965
Stock 400.00 400
Cash at bank and in hand 343,714.24 290,287
428,079.87 396,652
Creditors: amounts falling due
within one year 6 12,344.26 13,980
Net Current Assets 415,735.61 382.672
Total Assets less current liabilities 415,735.61 382,672
Creditors: amounts falling due
after more than one year
Deferred grant income 0.00 0
Net Assets 415,735.61 382,672
Capital and Reserves
Restricted Income Funds 103,944.00 208,076
Restricted Capital Funds 0.00 0
Unrestricted funds 311,791.61 174,596
Total Funds 415,735.61 382,672
**----- End of picture text -----**
The trustees’ statements are shown on page 12 which forms part of this Balance Sheet
**----- Start of picture text -----**
Page8
**----- End of picture text -----**
## Streetbeat Youth Project
## Balance sheet (continued)
## Directors’ statement forthe yearended 31/03/25
In approving these financial statements as Directors and trustees of the charity we hereby confirm that we acknowledge our responsibilities for:
1) ensuring that the company keeps proper accounting records
(2) preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit or loss for the year then ended.
The financial statements were Pee) Board of Directors on AGM AE... and signed on its behalf by .....s:.0--ce-cceeeZccsuees Name veal Dron LL ERE..
Page 9
1.
## Streetbeat Youth Project
## Notes to the financial statements For the year ended 31/03/25
## Accounting Policies
## 1.1 Accounting convention
The financial statements are prepared under the historical cost convention.
The accounts have been prepared in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) (effective January 2015), and the requirements of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) (effective January 2015) (Charities SORP 2015 (FRS 102)) and Companies Act 2006.
## 1.2 Incoming resources
Voluntary Income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included.
Grants, including grants for the purchase of fixed assets, are recognised in full In the Statement of Financial Activities in the year in which they are receivable.
## 1.3 Resources Expended
Resources expended are recognised in the year in which they are incurred.
Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
## 1.4 Fixed Assets and Depreciation
Tangible fixed assets other than freehald land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Equipment Fixtures & fittings Vehicles
25% reducing balance 33% straight line 25% straight line
Page 10
,-
## Streetbeat Youth Project
Notes to the financial statements For the year ended 31/03/25
|2.|Grant Income|||||||
|---|---|---|---|---|---|---|---|
|||||||2025|2024|
||GovernmentandotherGrants|||||613i|£
607.330|
|3,|Operating gain/(deficit)|||||||
||:
.
Operating gain is stated after charging:
Depreciation and otheramounts written
Accountant's remuneration|||off||2025
f£
i)
2,400|2024
£
0
2,280|
|4.|Employees|||||||
|||||||25
20|2024
°|
||Number ofemployees|||||||
||The average monthly number of employees
(excluding the Directors) during the year were:|||||25|25|
|5.|Debtors|||||||
|||||||2025|2024|
||Trade Debtors|||||0|0|
||Other Debtors|||||83,966|105,965|
|6.|Creditors: amounts falling due within||one||year|2025|2024|
|||||||£|£|
||Trade creditors|||||5,621|11,579|
||Other creditors|||||2,400|2,400|
||Other taxes and social security costs|||||4,323|tf)|
||Accruals and deferred income|||||0|0|
|||||||12,344|13,979|
|7.|Tangible Assets|Motor||Fixtures&||Office|Total|
||Cost|Vehicles||Fittings||Equipment||
||At 1 April 2024|8000|||1,929|18,411|28,340|
||Additions
Disposals||0
0||0
0|0
0|0
0|
||At 31 March 2025|8,000|||1,929|18,411|28,340|
||Depreciation|||||||
||At 1 April 2024|8,000|||1,929|18,411|28,340|
||Charge for the year||0||0|0|0|
||At 31 March 2025|8,000|||1,929|18,411|28,340|
||Net Book Value||0||0|0|4]|
|||Page11||||||
## Streetbeat Youth Project
## The following does not form part of the statutory accounts,
## Detailed Statement of Financial Activities For the year ended 31/03/25
|||2025||2024|
|---|---|---|---|---|
||||f|[|
|Income
Belfast Health& Social Care Trust
EA Fresh Start
Belfast Regeneration Directorate
Belfast City Council
Grant Funding
Extern
IFI
EA Intervention
YEHA
Schools Counselling
EA Capacity
EA Core Ballysillan
EACore Woodvale
EATBUC|Unrestricted|Restricted
39,459
85,737
5,895
75,000
6,000
61,796
65,582
12,884
1,200
52,174
34,782
7,476|Total
39,459
0
85,737
5,895
75,000
6,000
61,796
65,582
0
12,884
1,200
$2,174
34,782
7,476|37,095
61,920
71,438
4,743
75,000
0
0
5,781
15,248
15,474
11,000
50,869
33,921
7,276|
|EA Cultural
CIT
Clanmil
DOH Mental Health
BRDCapital
BMS Schools Worker
CAMHS Counselling
Tuck Shop
Lottery PLACE
Black Santa|1,875|5,781
9,000
10,380
35,737
10,020
60,059|5,781
9,000
10,380
0
0
35,737
10,020
0
60,059
1,875|17,344
11,750
0
118,516
20,691
35,206
6,180
151
63,559|
|GMS Schools Worker||8,227|8,227|14,957|
|Clear Small Grants||4,609|4,609|862|
|Ireland Funds||9,993|9,993|0|
|National Lottery Community Fund||9,990|9,990|0|
|Other Income|4,623||4,623|12,187|
|Bank Interest|1,976||1,976|2,929|
|TotalIncome|8.474|611,781|620,255|694,097|
Page 12
5
## The Streetbeat Youth Project following does not form part of the statutory accounts.
Detailed Statement of Financial Activities For the year ended 31/03/25
**----- Start of picture text -----**
||||||||
|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Restricted|Total|
|Expenditure|
|Salaries|435,598|435,598|415,328|
|Pension|11,064|11,064|8,393|
|Summer|Scheme|2,310|2,310|0|
|Other|Programme|Costs|4,129|5,186|9,315|566|
|EA|22,714|22,714|16,520|
|BRD|Capital|0|8,878|
|DOH|0|1,101|
|BHSCT|13,565|13,565|L77l|
|YEHA|UV|0|651|
|Lottery|10,224|10,224|0|
|Tuck|Shop|0|144|
|Staff|training|1,739|1,739|8,229|
|Staff|activities|520|520|1,318|
|Youth|activities|0|51,079|
|Travel|25|25|1,319|
|Youth|Activity|BRD|5,373|5,373|4,774|
|CIT|3,243|3,243|3,663|
|Aspire|Expenditure|1,015|1,015|55,560|
|Clanmil|12,629|12,629|0|
|Engage|0|6,151|
|Young|Mums|3,795|3,795|0|
|ireland|Funds|2,550|2,550|0|
|Rent|&|rates|8,224|8,224|18,333|
|Insurance|9,342|9,342|10,411|
|Utilities|4,474|4,474|10,663|
|Repairs|&|Maintenance|751|200|951|13,469|
|Telephone|1,688|1,688|2,727|
|Printing &|Stationery|887|887|1,147|
|Office|Costs|1,270|1,270|1,155|
|Fundraising|0|1,625|
|Accountancy|2,400|2,400|2,340|
|Place|Lottery|0|3,151|
|Minibus|779|779|365|
|Computer|Maintenance|1,351|1,351|2,701|
|Sundry expenses|472|472|544|
|Bank Charges|234|234|206|
|Depreciation|0|0|
|Total|Expenditure|7,986|559,765|567,751|654,282|
|Surplus /Deficit|52,504|39,815|
**----- End of picture text -----**
Page 13
||2025|2024|
|---|---|---|
|Bank 1|303|2,275|
|Bank BRD|80,823|30,872|
|Bank Lottery|23,121|8,782|
|BankOther|97,761|44,532|
|Bank Reserve|105,616|203,639|
|Bank Salaries|36091.47|187|
|Total|343,714.24|290,287|
:
Page 14