Greater Ballyclare Youth For Christ Statement of Financial Activities (incorporating the Income and Expenditure Account) for the year ended 31 March 2025 2025 Total 2024 Total Restricted Unrestricted Notes Incoming Resources Donations Grants Youth contributions Interest Receivable Total Income 16,008 2,200 49,127 10,000 360 874 60,361 65,135 12,200 360 874 78,569 60,320 14,279 1,933 18,208 77,578 Resources Expended C05t of Activities in furtherance of the charities activities Drop-in centre runn ing costs Staff costs Programme costs Miscellaneous costs Travel expenses Tuck Shop Expenses Repayment of EA underspend Total Expenditure 2,151 16,008 49 11,289 47,590 2,382 6,366 13,440 63,598 2,431 6,366 15,104 68,105 9,863 6,480 920 100 472 Net (Expenditure) / Income for the Year Transfers between funds Net Income before other recognised gains or losses (7,266) (7,266) (22,894) Net movement in Funds (7,266) (7,266) {22,894) Reconciliation of Funds Fund Balances Brought Forward 71,754 71,754 94,648 Fund Balances Carried Forward The statement of financial activities includes all gains and105ses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 10 to 12 form part of these financial statements. Greater Ballyclare Youth For Christ Balance Sheet as at 31 March 2025 Notes 2025 2024 Fixed assets Tangible fixed assets Current assets Short term deposlts Cash at bank and in hand Debtors 45,560 26,879 750 73,189 42,871 31,939 169 74,979 Liabilities Creditors.. Amounts falling due within one year 8,701 3,225 Net Current Assets 64,488 71,754 Total Assets Less Current Liabilities 64,488 71,754 Net Assets Funds Restricted Funds Unrestrirted Funds Total Funds For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Tru5tees' responsibilities.. The members have not required the company to obtain an audit of it5 account5 for the year in question in accordance with section 476 of the Companie5 Act. and The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records 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 trustee5 of Greater Ballyclare Youth for Christ and are signed on their behalf by.. 17/6/1 Mark Mcmullan Date Trustee The notes on pages 10 to 12 form an integral part of these financial statements. Greater Ballyclare Youth For Christ Notes to the Financial Statements for the year ended 31 March 2025 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 Finarlcial 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 accou nting 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 holds 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 charityi it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to pa rticular categories of income: income from donations or grants is recognised when there is evidence 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 Activitie5. •Interest receivable interest on funds held on deposit is included when received. d) Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of fina ncia l activities to which it relates. All costs are allocated to expenditure categories reflecting the nature of the expenditure. e) Fund Accounting Unrestricted funds are ava ilable for use at the discretion of the trustees in furtherance of the objectives of the charity. Restricted funds are subjected to restrictions 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 2025 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 less 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 and/or 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 Cha rity's accounting policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabil ities that are not readily appa rent from other sources. The estim ates and associated experience and other factors that are considered to be relevant. Actual results may differ from these assumptions are based on historical estimates. Greater Ballyclare Youth For Christ Notes to the Financial Statements for the year ended 31 March 2025 Restricted Unrestricted Total Total 2024 Note I Donations Donations from individuals Donations from churches Donations from schools Gift aid StafF support 22,640 17,308 525 8,654 22,640 17,308 525 8,654 20,067 15,038 150 7,637 Note 2 Grants Education Authority Ardbarron Trust Spark 2,200 2,200 10,000 3,279 11,000 10,000 Note 3 Staff costs The average head count of staff employed by the charity in the year was 4 (2024.. 6). This is analysed between full-time and part-time staff below: 2025 2024 Full-time staff: Part-time staff.. No employees received employee benefits of more than £60,000 in this finanical year12024'. None) Note 4 Related parties During the year trustees have not been paid any remuneration or received any other benefits from an employment with the charity12024-. Nil) The total amount of donations recieved from trustees without condikn'ons in the year was £5,728 Note 5 Analysis of funds Unrestricted funds At l April 2024 At 31 Marc 2025 Income Expenditure General funds At l April 2023 At 31 March 2024 Income Expenditure General funds Restricted funds At l April 2024 At 31 March 2025 Income Expenditure Education Authority Staff support 2,200 16,008 {2,200) (16,008) At l April 2023 At 31 March 2024 Income Expenditure Education Authority staff support 3,279 17,428 {3,279) (17,428)