Ardoyne Youth Club Charity No. 102199 Unaudlted Flnancial Stat8m8nt8 31 March 2024
Ardoyne Youth Club Contents Pages 2to4 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheel Notes to the Accounts 8t015 Page 1
Ardoyne Youth Club Trustees Annual Report The trustees present their report with the unaudited financial statements of the charity lor the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DEfAILS Charity No. 102199 R8gister8d Office Ardoyne Youth Club Old Beltex Mill 11 B Flax Street Bellast BT14 7EJ Trustees The lollowlng trustees served durlng the year: J. Mccalterty J.A. McEvoy 8. McKe8 A. Murphy V. Murphy Accountants AccountsReady Unlt HF6 Howard Bulldlng Twln Splres Centre BT13 2JF OBJECTIVES AND ACTIVITIES The prlnclpal actlvlty of the charlty durlng the year contlnued to be the promotlon ol the charltabl8 object ot providlng, malntalnlng and promotlng tacilltles and activlties of a soclal, splrltual educational and recreatlonal nature wlth th8 object of improvlno the condltlons of Ilfe ol chlldren and young people wlthout Ihe dbtlnction ol sex, polltlcal, religious or other opinlon. Ardoyne Youth Club has been dellverlng youth provlslon wlthln the Ardoyne area ol North Belfast lor nearly 50 years. As an organisation we are very much aware of our role within the communlty, offering targeted youth provlslon whlch helps to develop the young p8ople Involved from a personal, soclal and educatlonal viewpoint whilst also impacting upon the local Ardoyne communlty as a whole through the reduction of criminal activity, substance abuse and improving relatlons amongst young people and also between young people and other groups within the communlty. In partlcular the club develops means of engaging young people through programmes which they can not only participate In but also help to design and deliver. Our programmes and actlvltles are responslve to and reflectlve of the needs of the young people In the Ardoyne and wider area which we serve, and are strateglcally designed to correspond wlth the currlculum for youth provision. We feel this approach fosters a greater sense ol engagement and buy in from young people which ultimately ensures that the prolect has a much greater impact of improving the quality ol life that they experience. There 18 no private prof it or benef it derived f rom our operations. All is done lor the Public Benelit. Page 2
Ardoyne Youth Club Trustees Annual Report FINANCIAL REVIEW It is the policy of the charlty to maintain free reserves which matches the needs of the trust, both at the current time and in the foreseeable future. This provldes sufficient funds to cover running costs which includ8 management, administration and support costs. Free reserves are those unr88tricted reserves not designated nor inv8Sted in fixed assets which are available for general use. PLANS FOR FUTURE PERIODS Ardoyne Youth Club wlll continue to promote the Improvement of soclal wellare, the fosterlng of communlty harmony, the improvemenl of health and physical well belng and the advancemenl ol education in Norlhern Ireland. The Club are plannlng for the new Youth Club to be built and operatlonal in 2025. STRUCTURE, GOVERNANCE AND MANAGEMENT Ardoyne Youth Club18 a charltable trust constitut8d under a trust deed, which Is reglstered as a charlty wlth The Charity Commisslon for Northern Ireland. Many of the present members of the management committee have been Involved In the charlty for a number of years and so are famlllar with its work. The m8mbers regularly revlew the requlrement3 of the charity and the posslbility ola need for addltlonal members. Any new members would be appolnted by applylng In writlnolo the managem8nt committee for admlsslon and be proposed by a member. The management comm51t8e may relect the appllcallon or If noi the management commlttee wlll submlt the applicatlon to the next annual general meetlng ol the charlty or to an extiaordlnary general meetlno convened at th8 dlrectlon of the management commlttee. The appllcant shall b8 approved by an extraordlnary resolutlon ol the member8 of the management commlttee passed by a malorlty of those pr8sent.loe McNelll carrles out the day to day management of the charlty and has delegated authorlty for operatlonal matters Includlng flnance and Stalllng. The management commlttee hav8 assessed the malor rlsks to whlch the charlty Is exposed. In partlcular those related to the operatlons and flnances of the charlty, and are satlstl8d that tystems are In place to mltlgate any exposure to major rlsks. Wher8 approprlate, 8yStem8 or procedures have been establlshed to mltigate the rlsks the Gharlty faces. Internal Gontrol rtsks are mlnlmlsed by the Implementatlon of proGedure8 IOT authorlsatlon of all transactlons and prolects. Proc8dur8s are In place to ensure compllance wlth health and safety of staff, volunteeT8, cllents and vlsltors to the premlses. These procedures are perlodlcally revlewed al least annually to ensure that they contlnue to meet the needs of the charlty State ment ol trustees, responslbllltl88 In relatlon to the Ilnanclal statements The charity trustees are responslble for preparlng a trustees, annual report and flnancial statements In accordanc8 wlth appllcable law and Unlted Klngdom Accounting Standards (Unlted lfjngdom Generally Accepted Accounting Practlce). The trustees are responslble for keeping proper accountlng records that dlsclose wlth reasonable accuracy at any time the flnancial position of the charlty and to enable them to ensure that the financlal statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulatlons, and the provisions ol the Trust deed. The Trustees are also responsible for saleguarding the assets of the charlty and hence taking reasonable steps for the prevention and detectlon of fraud and other Irregularilies. Paoe 3
Ardoyne Youth Club Trustees Annual Report Slgned on behalf of the charity's trustees J. McCaff8rty Trustee 27 January 2025 Page 4
Ardoyne Youth Club Independ8nt Examiners Report Independent Examiner's Report to the trustees of Ardoyne Youth Club I report to the trustees on my examlnation of the flnancial statemenls of Ardoyne Youth Club for the year ended 31 March 2024. Responsibilities and basis of report As the charily's Irustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examinatlon of the charity's linancial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charlty Commlsslon under sectlon 145(5)(b) ol the Act. Independent examlner's statement AS the charity's gross income 8XC86ded £250,000 your examlner must be a member of a body listed In S8Ctlon 145 of the 2011 Act. I confirm that l am qualified to undertak8 the examination by b8ina a qualified member of MAAT. I have completed my examlnatlon. I can conllrm that no materlal matters have come to my attentlon In connectlon wlth the examlnatlon glvlng me cause to belleve thal In any materlal respect: th8 accountlng records were not kept In respect of the charlty as requlred by Sectlon 130 of th8 Act., or the flnanclal statements do not accord wlth thos8 records; or • th8 flnanclal statemen18 do not comply wlth the appllcable requlrements concernlng the form and content of flnanclal statements set oul In the Charllles (Accounts and Reports) Regulatlons 2008 other Ihan any requlremenl Ihat the Ilnanclal statements glve a 'true and falr, vlew whlch Is not a matter consldered as part ol an Independent examlnatlon. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch att8ntlon should be drawn In thls report In order to enabl8 a proper understandlno of the flnanclal statements to be reached. Sarah Sal8d MAAT AccountsReady Unlt HF6 Howard Bulldlng Twin Spires Centre BT13 24F 27 January 2025 Page 5
Ardoyne Youth Club Statement of Flnanclal Activlties for the year ended 31 March 2024 Unrestricted Restricted funds funds Total funds Total funds 2024 2024 2024 2023 Not8S Income from: Donations and legaci88 Charitable activities Other tradlng actlvltles Other 11,153 349,348 12,390 360,501 12,390 2,735 5,031 369,238 8,927 4,350 340 2,735 5,031 Total 18,919 361.738 380.657 382,855 Expendlture on: Charitable actlvltles Other 84 300 356,789 43,828 400,617 356,873 44,128 401,001 294,823 55,141 349,964 Total 384 Net gains on Investments Net (expendlture)/lncome Translers between lunds Net (expendlture)Ilncome befor8 Other galnsl(losses) Other galns and108888 Net movement In funds 18,535 (38,879) {20,344) 32,891 18,535 (38,879) (20,344) 32,891 18,535 (38,879) (20,344) 32,891 R8conclllatlon of f unds: Total funds brought lorward 13,701 371,621 385,322 352,431 Total funds carrl8d forward 32,236 332,742 364,978 385,322 Page 6
Ardoyne Youth Club Balance Sheet at 31 March 2024 Charity No. 102199 2024 2023 Fixed assets Tangible assels 338,785 338,785 352,799 352,799 Current assets Debtors Cash at bank and in hand 10 20,258 25,418 45,676 (13,153) 32,523 385,322 385,322 33,635 33,635 (7,442) 26,193 364,978 364,978 364,978 Creditors: Amount falling due withln one year Net current assets 11 Total ass8ts18ss curr8nt liabilities Net assets excluding p8nsion asset or liabillty Total net &888ts 385,322 The funds of the charlty Restrlcted funds Restrlcled funds 12 332,742 332,742 371,621 371,621 Unrestrlcted funds Unrestrlcted lunds 12 32,236 32,236 13,701 13.701 Reserve8 12 Total funds 364,978 385,322 Approved by the trustees on 27 January 2025 And ned on behalf by: rty Tru8te8 27 January 2025 Page 7
Ardoyne Youth Club Notes to the Accounts forthe year ended 31 March 2024 1 Accountlng policies Basis of preparation The financial statements have been prepared in accordance with Statement of Recommended Practice: Accountlng and Reportlng by Charities preparing their accounts in accordance wSth the Financial Reporting Slandard applicable in the UK and Republlc If Ireland (FRS 102) issued on16 July 2014 and the Financial Reporting Standard appllcable In the United Kingdom and Republlc ol Ireland {FRS102) and the Charitles Act 2011. Change In basls of accountlng or to prevlous accounts There has been no change to the accounting policies (valuation rules and method of accountlng) slnce last year and no chanaes have been made to accounts for previous years. Fund accountlng Unrestrlcted lunds These are avallable for use at the discr8tion ol the trustees In f urtherance ot the general oblects ol th8 charlty. Deslgnated funds These are unrestrlcted lunds earmarked by th8 trustees for partlcular purposes. Revaluatlon funds These are unrestrlcted funds whlch Include a revaluatlon res8rve representlng the restatement of Investment assets at thelr market values. Th8se are available IOT use 8ublect to reslrlctlons Imposed by the donor or Ihrough terms of an appeal. Restrlcted funds Income Recognltlon of Income Income Is Included In the Statement of Flnanclal Actlvltles (SOFA) when the charlty becomes entltled to, and vlrtually certaln to recelve, the Income and the amount ol the Income can be measured wlth sulllclent rellabllity. Income wlth related Where Income has related 8XP8ndlture the Income and related expendlture Is expenditure reported Gross In the SOFA. Donations and legacles Voluntary Income r8C81v8d by way of grants, donatlons and glfts18 Incluoed In the the SOFA when recelvable and only when the Charlty has unconditlonal entitlement to the Income. Tax reclalms on Income Irom tax reclalms Is Included in the SOFA at the same tlme as the donatlons and glfts gllt/donatlon to whlch It relates. Donat8d sepiic88 These are only included In Income (wlth an equlvalent amount In expendlture) and f acilities where the benefit to the Charlty Is reasonably quantifiable, measurable and materlal. Volunteer help The value of any volunteer help received Is not Included In the accounts. Investment income Thls Is Included in the accounts when receivable. Gainsl(losses) on Thls Includes any galn or loss resulting from revaluing investments to market value revaluation of fixed at the end ol the year. assets Gainslllosses) on investment assets Thls Includes any gain or loss on the sale ol Investments. Page 8
Ardoyne Youth Club Notes to the Accounts Expenditure Recognition of expenditure Expenditure 18 recoonised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expendlture to which it relates. Expenditure on These comprise the costs associated with attractlng voluntary Income, fundraising raising f unds trading costs and investment management costs. Expendlture on These comprise the costs incurred by the Charity in the dellvery of Its activities and charitable activities services in the f urtherance of its objects, Includlng the making ol grants and governance costs. All grant expendlture Is accounted for on an actual paid basls plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These Include thos8 Costs assoclated wlth meetlng the constitutional and statutory requlrements of the Charlty, Including any auditlind8pendent examlnatlon fees, costs Ilnked to the strategic management ol the Charlty, together wlth a shar8 Ot other admlnlstratlon costs. Other expenditure These are 8UPPOrt C08t8 not allocated to a partlcular actlvity. Grants payable Governance costs Taxatlon The charlly Is exempt f rom tax on Its charltabl8 actlvltles. Tanglble flxed assets and depreclatlon Depreclatlon Is provlded at the lollowlng annual rates In order to wrlte ofl 8ach a8S81 over Its estlmated usef ul Ilf e: Leasehold property Flxtures and f Itting3 Motor Vehlcles Assets under constructlon 4% Stralght line 15% Reduclng balance 20% Reduclng balance 0% Stralght Ilne Freehold Investment property Investment propertles are measured Inltlally at Cost and 8ubsequ8ntty at falr value at each balance sheet date and are not depreclated. All galns or losses are taken lo Ihe Statement ol Financial Actlvltles as they arlse. Stocks Stock18 Included at th8 lower of cost or net reall8able value. Donated Item8 of Stock are recogni8ed at lalr value which Is the amount the charity would have been willlng to pay for the Items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepald net of any trade discounts due. Page 9
Ardoyne Youth Club Notes to the Accounts Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highty liquld Investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabllities. In the Statement ol Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral parl of the company's cash management. Trade and other creditors Short term creditors are measured at the transactlon prlce. Other creditors and provisions are recognlsed where the charlty has a present obligation resulting Irom a past event that will probably result in the transfer of funds to a third party and the amount due to settle the oblioation can be measured or estlmated reliably. Creditors and provisions ar8 normally recognised at their settlement amount alter allowing for any trade discounts due. Research and development Expendlture on research and dev81opment Is wrltten off In the year In whlch It Is Incurred. Forelgn currencles Monetary a els and Ilablliti8s denomlnated In currencl8S Other than the f unctional currency of the charlty are translated at the rates of exchange prevalllng at the e nd of the reportlng perlod. Transactions In currencies other than the functlonal currency ol th8 charlty are recorded at the rate of exchang8 on the date that the Iransacllon occurred. All exchange dlfler8nc8s are are taken Into account In arrlvlng at net Incomelexpendlture. Leased assets Where the charlty enters Into a18as8 which entails taklna substantlally all the rlsks and rewards of ownershlp of an asset, the lease Is treated as a Ilnance lease. Leas88 whlch do not transfer substantlally all the rlsks and r8wards of ownershlp to charlty are classllled as operatlng leases. Assets held under flnance18ases are Inltlally recognlsed as assets ol the charlty at th81r f alr value at the Inception of the lease or, If lower, al Ihe presenl value of the mlnimum lease payments. The corr8spondlno Ilablllty to the188sor Is Included In the balance sheet date as a f Inance lease obligatlon. Lease payments are apportloned between linance expenses and reductlon of the lease obllgatlon so as to achleve a constant Tate of Inl8r8St on the remalnlng balance of the Ilablllty. Flnance expenses are recoonlsed ImmedSately, unless they are dlrectly attributable to quallfylng assets, In whlch case they are capltallsed In accordance wlth the charlty's pollcy on borrowing costs. Assets held under finance leases are depreciated In the same way as owned assets. Operatlng lease payments are recognised as an expense on a straloht-llne basls over the lease term. In the event that lease incentives are received to enter into operatino leases, such incentives are recognised as a liability. The aggregate benef It of incentives is recoonised as a reduction of rental expense on a straight-line basis. Penslon costs The charity operates a defined conlrlbutlon plan lor its employees. A defined contrlbutlon plan Is a pension plan under which the charity pays fixed contrlbutlons Into a separate entity. Once the contributions have been paid the charity has no further payments obligalions. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals In the balance sheet. The assets of the plan are held separately from the charity In independently administered lund8. Page 10
Ardoyne Youth Club Notes to the Accounts Receipt ot donated goods, facilities and services All donated goods, facilities and serviGes received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Income from donations and legacies Unrestricted Restricted Total 2024 Total 2023 Donatlon Grants 11,153 11,153 349,348 360,501 2,467 366,771 369,238 349,348 349,348 11,153 Grants R8Strlcted Restrlcted funds funds 2024 2023 Belf ast Clty Councll Department ol Educatlon Department Forelgn Affalrs Department for Communllles Internatlonal ProlBGt Educatlon Authority Natlonal Lottery Newinoton Houslng Assoclatlon PHA Planned Interventlon The Rank Foundation TBUC The Ireland Funds UKYouth The Ex8CUtlve Offlce BCT NI CIC Holy Cross Boy8 Halif ax 2,080 9,875 8,328 5,138 20.000 128,179 10,000 2,000 3,760 5,854 24,500 49,672 5,000 58,000 16,962 6,452 44,651 8,240 11,518 164,601 1,000 4,634 23,700 89,475 4.000 4,000 4,500 366,771 349,348 3 Income from charitable activities Restrlcted Total 2024 Total 2023 Ashton Community R City 10,405 1,985 12,390 10,405 1,985 12,390 1,033 7,894 8,927 Page11
Ardoyne Youth Club Notes to the Accounts 4 Income from other trading activities Unrestricted Total 2024 Total 2023 Fundraising 2,735 2,735 2,735 2.735 4,350 4,350 5 Other income Unrestricted Total 2024 Total 2023 Room hlre Football f ee8 1,200 3,831 5,031 1,200 3,831 5,031 340 340 6 Expendlture on charltable actlvltles Unrestricted R8Strlcted Total 2024 Total 2023 Expendlture on charltable activities Wages, natlonal Insurance and pension Motor/ travel exp8n888 Clu b actlvltles Exp8ndltur8 on donations Donatlons 179,859 179,859 204,302 16,674 160,256 16,674 160,340 29,576 60,945 84 300 384 390 357,179 690 357,563 240 295.063 7 Support costs R8Strlcted Total 2024 Total 2023 Governance Depreciation Rates and water Light and heat Repalrs and renewals Cleaning MotOT vehicle expenses Prof essional fees 514 15,957 1,300 12,260 2,685 300 2,444 3,120 1,750 3,108 43,438 514 15,957 1,300 12,260 2,685 300 2,444 3,120 1.750 3,108 43,438 6,760 15.994 2,505 6,193 1,552 2,392 2.072 30,619 4,007 2,807 54,901 Telephone General expenses Page12
Ardoyne Youth Club Notes to the Accounts 8 Staff costs 2024 162,920 9,047 7,893 179,860 2023 189,912 5,900 8,490 204,302 Salaries and wages Social $8curity costs Pension costs No employee received emoluments in excess of £60,000. The average monthly number of full time equivalent employees durlng the year was as follows: 2024 Number 16 16 2023 Number 17 17 The charlty operates a detlned contrlbutlon pension scheme for employees. The assets of the scheme are held separat81y from those of the charity. g Tanglble flxed assets Leasehold Assets und8r property construction Motor Flxtur8s and vehicles f Ittlngs Total Cost or revaluation At1 Aprll 2023 Addltlons At 31 March 2024 Depreclation and Impairment At1 Aprll 2023 Depreclatlon charge for the year At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 383,617 257,729 1,943 259,672 10,000 82,743 734,089 1,943 736,032 383,617 10,000 82,743 292,137 9,913 79,240 381,290 87 15,345 525 15,957 307,482 10,000 79,765 397,247 76,135 91,480 259,672 257,729 2,978 3,503 338,785 352,799 87 10 Debtors 2024 2023 Prepayments and accrued income 20,258 20.258 Page 13
Ardoyne Youth Club Notes to the Accounts 11 Credltors: amounts falling due within one year 2024 2023 PAYE and social security Other credltors Accruals 7,077 365 8,212 741 4,200 13,153 7,442 12 Movement In funds Incomlng resources (includina other At1 April gainsllosses 2023 Resources expended At31 March 2024 Restrlcted funds.. Restrlcted Income funds: 371,621 349,348 10,405 1,985 (400.617) 320,352 10,405 1,985 Total 371,621 361,738 (400,617) 332,742 Unre8trlct8d funds: General funds 13,701 18,919 (384) 32,236 Total funds 13 Analysls of net assets between funds 385,322 380,657 (401,001) 364,978 Unrestrlcted funds RestrlCt8d lunds Total Flxed assets Net current assets 338,785 (7,442) 331,343 338,785 26,193 364,978 33,635 33,635 14 Contlngent AssetslLlabllltles The charity has a contingent liability to repay grants received if the charity falls to comply with certaln conditions stipulated in the letter ol off er and terms and condltlons of contract under whlch the grants were pald. The trustees do not expect any clalms to be made In this respect. Page 14
Ardoyne Youth Club Notes to the Accounts 15 Reconciliation of net debt At31 March 2024 At 1 Aprll 2023 Cash flows Cash and cash equivalents 25,418 25,418 8,217 8,217 33.635 33,635 Net debl 25,418 8,217 33,635 16 Leases The charlty leases the land the property Is sltuated on. Th8 lea88 Start8d In February1978 and It Is a 999 year lease term. 17 Flnanclal commltment The charlty18 committed to bulld a new Youth Club which is being funded by th8 Educatlon Authorlty. The expected completlon dat81s In 2025 Page 15