Greater Ballyclare Youth For Christ Statement of Financial Activities (incorporating the Income and Expenditure Account) for the year ended 31 March 2024 2024 Total 2023 Total Restricted Unrestricted Notes Incoming Resources Donations Grants Youth contributions Interest Receivable Fundraisina other income Total Income 17,428 3,279 42,892 11,000 1,933 1,046 60,320 14,279 1,933 1,046 65.631 82,105 1,255 470 1,383 391 151.235 20.707 56,871 77,578 Resources Expended Cost of Activities in furtherance of the charities activities Drop-in centre running costs Staff costs Programme costs Miscellaneous costs Travel expenses Tuck Shop Expenses Repayment of EA underspend Total Expenditure 2,150 17,428 1.129 12,954 50,677 8,734 6,480 920 15,104 68,105 9,863 6,480 920 16,712 97,480 11,468 6,372 1,226 144 100 472 153 509 Net (Expenditure) / Income for the Year Transfers between funds Net Income before other recognised gains or losses (22.894) (22,894) (2,274) Net movement in Funds (22,894) (22,894) {2,274) Reconciliation of Funds Fund Balances Brought Forward 94,648 94,648 96,922 Fund Balances Carried Forward The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 10 to 12 form part of these flnanclal statements.
Greater Ballyclare Youth For Christ Balance Sheet as at 31 March 2024 Notes 2024 2023 Flxed assets Tangible fixed assets Current assets Short term deposits Cash at bank and In hand Debtors 42,871 31,939 169 74,979 61,876 32,772 94,648 Liabilities Creditors: Amounts falling due within one year 3,225 Net Current Assets 71,754 94,648 Total Assets Less Current Liabilities 71,754 94,648 Net Assets Funds Restricted Funds Unrestrirted Funds Total Funds For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees, responsibilities: The members have not requlred the company to obtain an audlt of Its accounts for the year in question in accordance with 5ettion 476 of the Companies Act. and The trustees acknowledge their responsibilities for complying with the requirements of the Art wlth respect to accounting record5 and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies. regime. These financial statements were approved by the board of trustees of Greater Ballyclare Youth for Christ and a slgned on their behalf by: 3/é/24 Trustee Date The notes on pages 10 to 12 form an integral part of these financial statements. Page 8
Greater Ballyclare Youth For Christ Notes to the Financial Statements for the year ended 31 March 2024 Accounting Policies a) Basis of Preparation These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Greater Ballyclare Youth For Christ meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. b) Preparation of the accounts on a going concern basis Greater Ballyclare Youth For Christ has prepared the accounts on a going concern basis. The charity hold5 sufficient reserves with strong continued support by the members. c) Income All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transattion will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is eviden of entitlement to the gift, receipt is probable and its amount can be measured reliably. •Donated services and facilities - in accordance with the Charities SORP (FRS 102), the general volunteer time of the Charity s volunteers is not recognised financially in the Statement of Financial Activities. •Interest re1vable - interest on funds held on deposit Is included when reIved. d) Expenditure Expenditure is recognised on an accruals basis as a Ilability Is Incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates. All costs are allocated to expenditure categories reflecting the nature of the expenditure. e) Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in fijrtherance of the objectives of the charity. Restritted funds are subjected to restrittions on their expenditure imposed by the donor or through the terms of the appeal.
Greater Ballyclare Youth For Christ Notes to the Financial Statements for the year ended 31 March 2024 Accounting Policies ctd... f) Tangible fixed assets and depreciation Greater Ballyclare has no fixed assets. g) Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or les5 from the date of acquisition or opening of the deposit or similar account. h) Taxation Greater Ballyclare Youth for Christ is a registered charity and the charitable tax exemptions are therefore being claimed to the extent that income andlor gains are applicable and applied to charitable purposes only. These exemptions will remain in place as long as income and expenditure is applied to charitable purposes only. i) Critical accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readlly apparent from other sources. The estimates and associated experience and other factor5 that are considered to be relevant. Actual results may differ from these assumptions are based on historical estimates. j) Correction of prior period error In the financial statements for the year ended 31st March 2023, an accrual was included on the balance sheet for £2,000, the expenditure relating to this accrual was not included in the statement of financial attivities for that year. The accrual related to a provision for the repayment of an EA grant. which was paid out in the year ended 31 March 2024 for a lower amount. As such. the comparative amount for 2023 accruals in the financial statements for year ended 31 March 2024 ha5 been adjusted to nil, and no adjustment to this years statement of financial activities has been made.
Greater Ballyclare Youth For Christ Notes to the Financial Statements for the year ended 31 March 2024 Restrirted Unrestricted Total Total 2022 Note I Donations Donations from individuals Donations from churches Donations from schools Gift aid Staff support 20,067 15,038 150 7,637 20,067 15,038 150 7,637 23,930 13,928 50 8,514 Note 2 Grants Educatlon Authority Ardbarron Trust Spark 3,279 3,279 11,000 69,738 11,000 11,000 Note 3 Staff costs The average head count of staff employed by the charity in the year was 6 (2023: 7). This is analysed between full-time and part-time staff below.. 2024 2023 Full-time staff.. Part-time staff: No employees received employee benefits of more than £60,000 in this finanical year (2023: None) Note 4 Related parties During the year trustees have not been paid any remuneration or received any other benefits from an employment wth the charity (2023: Nil) The total amount of donations recieved from trustees without conditions in the year wa5 £5,376 Note 5 Analysls of funds Unrestricted funds At l April 2023 At 31 Morch 2024 Income Expenditure General funds 765 Restricted funds Education Authorlty Staff sUPPOrt 3,279 (3,279)