Company NUmr. N1042116 Charity Number: NIC102697 The 1825 Project Limited IA company Ilmlted by guarant•e. not havlng a Share capltall Annual Report and Unaudited Financial Ststements for the financial year ended 31 December 2022 Daly Park & Company Ltd Chartered Accountants 4 Carnegle Street Lurgan Co. Amiagh 8T66 6AS Northern Ireland
The 1825 Project Limited IA company Ilmlted by guaranteo, not havlng a sharo capltall CONTENTS Page Trustee's and Other Information Trustee's Annual Report statement of Trustee's Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-13
The 1825 Project Limited IA ¢ompany Ilmlted by guarantee, not having a sharo ¢apitall TRUSTEE'S AND OTHER INFORMATION Trusteg Andrew Philip Mourant Charity Number In Northern Ireland NIC102697 Company Number N1042116 Registered Office and Prlncipal Address Moylinn House 21 Legahory Centre Legahory Craigavon Co. Amiagh BT65 5BE Northern Ireland Indopendent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Amagh BT66 6AS Northern Ireland Bankers Bank of Ireland 13 Market Street Lurgan Co. Amiagh BT66 6AR Northern Ireland Solicitors Hagan & Mcconville 34 Edward Street Portadown Co. Aagh BT62 3NE Northem Ireland
The 1825 Project Limited IA company Ilmlted by yuarantee, not havlng a share capltall TRUSTEE'S ANNUAL REPORT for the financial year ended 31 December 2022 The trustee presents their Trustee's Annual Report, combining the Directols Report and Trustee's Report. and the unaudited financial statements for the financial year ended 31 December 2022. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their financial statements in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021. The Trustee's Report contains the information required to be provided in the Trustee's Annual Report under the Statement of Recommended practi (SORP) guidelines. The trustee of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the trustee of The 1825 Project Limited present a summary of its purpose, governance, a¢liviti6s. achievements and finances for the financtal financial year 31 December 2022. The cornpany is a registered charity and hence the report and results are presented in a fom) which complies with the requirements of the Companies Act 2006 and. although not obliged to comply with the Statement of Recommended Practice (Charities SORP effective January 20151, Ihe organisation has implemented its recommendations where relevant in these financial statements. Review of Activities, Achievements and Perfomiance The 1825 Project received a £386.624.00 grant from the National Lottery Community Fund to provide a five-year project. the Power to Empower Project under the Lottery's Empowering Young People Programme. This programme commenced in November 2021 and will engage 24 young people per year over a nine-month period Whe they will undergo accredited and non-accredited training addressing social and community issues. A small grant of circa £8.000 from the Irish Department of Foreign Affairs and Trade's Reconciliation Fund was awarded to address community relations in the Craigavon area. Phase one of the delivery of the Power to Empower Project which involved contact and engagement with e1ve young people began in April 2022 and the second phase which involved collaboration with Lismore Comp¥ehensive School commenced in October 2022. Over thity young people were initially engaged in the project. This has now reduced lo iwenty-five which is one above the annual target number for precipitation. The project has also established a partnership with the Fitzone Foundation and Craigavon volunteer Bureau and will act as the lead agency if funding applications to the department of health for through CFNI to create a programme foe the support of carers in the community across all age groups. The application will be made in March 2023
The 1825 Project Limited IA Company limited by guardnteg. not havlng a ¥har8 ¢apitall TRUSTEE'S ANNUAL REPORT for'tha finani?31 year ended 31 December 2022 Financial Revtew The financial SU[l5 k31 ttr.e year are fuly eetailed from pages 8 onivards and show the overall surplus of £16,428 for the year, th4S lo tto '.Yklh the liir.ing of funding recewed and not spent al the year end. The Injslees consider the financial resulst to be s3tisfactory. Public Benefft Slalementr. The 1825 Prcsecl operntes undera Statemenl of Purpose contained in its Conslilulion dated 12 Dernber 2001. 11 is an organisalron sei up to indude Ihe Trgulatsons for appointment or trustees. The objects of the Project are the advanment of eeucation {indiJding s.31 ard llenShip) of young people aged 14 - 25 years regardless of sex, race, religion. orten?alton or ab.:lty. The ci12rity to develop strategiGally largeled inlervenlions for young people that cOntribe to 2déEsstng managiig senanISm, ratiS47, Feasons for disadvantage and marginalisatlon through the deE?Ery of tsainiTrg and iutslion to Ihem and those viorf(ing wth them. The charity further aims to contribute in a¢¢ressing Iht& gap En edtion and training lo young people aged 14 - 25 yeats of age disadvanlaged Èn 'the mainstream lho9 leainirg d5sabiiily and diffirAJIty and those with Aulistic Spectrum Disorder and c0-ocat.ng cor.(rrtiOi?s. We lo orow.de a slruclured eduralional and training environment that develops its participant's capaD":bties: cA)mpet ano skill>. We also seek to provide an environment where each participant can develop and 7uIfiI his or her tentI31, buikling Ileir se11-nfiden and inculcating a desire lo contribute to the wider commun'ty.. In so doing. seek to prepare our partiClP2nts for the opportunities. responsibilities and experien of transtkryts in th&ircnthpg%mg lives. The Directors believe that the 1825 Project conforns readily lo the new public i)eneth requitements of lh2 CfjaTfiy Cofflmission. The reasons for this belief 2re.' 111825 Pfojecl has charilable Objecti (as rioted abtsve) Ihat quftE demonslrale pulAic benefit in promoting social development and oppoluliity Ihrougn eaucalKn and 1[arn9. 2) The proiecÈ monitors and collates the aGlivilies of all of its participapts arA keeps a recDrd ol thè ITa,r and educational achievernenl of them by rneans of Pro1ng a personal rewrd of acieveTr.ent pofftbo 2nd USTno the figures to present to all interested parb.es the benefits ol those achievem2nts. 3) The organ£saikDn prO(lU rnonthly. quarterfy and annual reports which highlights the a¢hievemenf< cf trie parttupants arrfl Ihe berTrts those athievemenls bring lo Ihern personally and lo their local communitQ5. 4) Tre oroa4ialtoTr 00 one on the basis of ability and provides education and training al a level which wll a&inable fcr lftcse youpg Deopk partiupating and which takes into account any or no disability they may have. ?} TrEeTr is fiD Pfs¥ate befft or harm as a result of the organisation's activities. The results tsr the RTrancial year are se4 OlJt page 8 and additional notes are provided showing inc))me and expenditure in grear ttetaL Financial Resulis At the end OT the finariCiGI year Ihts eomoarèy has assets of £22.582 {2021- £12.0671 and liabilities of £1.31712021 £7,230). The nel Gssels OT Itrie o)mPcny In¢aSed by £16,428. Trustee The trustee who served throughout Ihe financial year: exp1 as nolerl, was as follows.. () Andrew Phdip Moutant In accordance with the Constitution, the trustee retires by rotation and, being eligible. offer themselves for re4kdion. Compliance with Sector-wide Legislation and Standards The company engages pro-actwely with legislation, slan(Jards and codes which are developed for the seclor. The 1825 Project Limited subscribes to and is compliant with the following= The Companies Art 2006 The Charilies SORP {FRS 102) Approved by the Board of TTUStee5 on and signgd on its behalf by". Andrew Phifip Moura Director
The 1825 Project Limited IA Company by gvaranke. norhaving a share ¢4pft41) STATEMENT OF TRUSTEE'S RESPONSIBILITIES for the financ?al y&Er ended 31 Dcem2022 The trustee. who is also directof of The 1825 Propct Limited for the purposes of company law. is responsibte for pTrparin9 tITe finanDal slalements in acttsrdan 4'1ilh applicable law and regulations. Company I¥ R4vires Ihe tr(Fsle2 as the dreclor lo ppare financial statements frjr each financial year. Under that law the trusÈe has eko¥ed to prep2E Ihe fjnancial statements in accordance with United Kingdom Generally A¢pIed AcctJLntirg PFacIl Iunited rdDIn ArUnting Standards and applicable lawl including FRS 102 Th8 Finanual Reposlrng Slapdafd appljcable in 'the UK and Republic of Ireland" Section 1A (Small Enlitiesl. Under company labv Ihe trustee must noi appyDve the fina081 statements unless they is satisfied that they give a true and fair view of the slate of affai oiliie GJTrpany 2nd of the surplus or deficit of the company for Ihat period. In preparing Ihese ffftanclal staiemen& the Intslee is qUired to: selecl suftable acrnunbng po&oes ?Trd appty triem consislenvy,. make jvdgernenls and estÉmatas tb.at are Teasfnable and prudent.. slate Wheli Ihe finanrial SementS have been prepared in accordance with Ihe refevanl financial reporting framewoTL idetr.jry those slandard& and note effect and the reasons for any material departuie from Ihose standards. and prepaE the f4'PAn(aal statements on the gotn9 concem basis unless il is inappropriate to presume that the company continue in operation. The tThslee (xinfirffts Ihat they has comtlted the abtwe requirements in prepa)7ng Ihe financial slalemenl$. The Injslee 15 r&w¢n51bk for keepi4F9 adequale aruntIng records that are sufficient to show and explain the company's trdfÈsathDs aruli dxlose".Mih reesonaole accuracy at any trine the financial posihon OT the company and enable them to ensure th the financ4al sÈ¢ernents comply with. They is also responsible for safeguarding the assets of trLe cgmpariy ard ior taking feasonable steps for the prevention and detedion of fraud and other irregularrties. Approved by the Board of TnvsteÈ5 on J3 and signed on its behalf by: Andrew PhIp Alourant Director
The 1825 Project Limited IA ¢ompany Ilmlted by guarantee, not havlng a share ¢apltall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF THE 1825 PROJECT LIMITED We have examined the financial statements of the company for the financial year ended 31 December 2022, which comprise the Statement of Financial Activities (incorporating an Incomé and Expenditure Account), the Balance Sheet and the related notes. This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so. and state those matters that we have agreed to stale to them in this report and for no other PuOse. To the fvllest extent pennitted by law. we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our work, or for this report. Respective responsibilities of trustee and examiner The company's trustees (who are also the directors of the company for the purposes of company lawl is responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The company's trustee consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It is our responsibility to.. examine the financial statements under section 65 of the Charilies Act,. follow the procedures laid down by the general Directions given by the Charity Commission for Northem Ireland under section 65{91(bl of the Charities Act,. and state whether particular matters have come to our attention. Basis of Independent oxaminer's report We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65{91(b} of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. In connection our examination. no matter has come to our attention which gives us cause to believe that in, any material respect= accounting records were not kept in accordance with section 386 of the Companies Act 2006 the financial statements do not accord with those accolinting records the financial statements have not been prepared in accordan with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of 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 (FRS1021 there is fijrther infomation needed for a proper understsnding of the accounts to be reached. Independent oxaminer's ststemenl We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the financial statements to be reached. g Lld DALY PA K & COMPANY LTD Chartered Accountants 4 Carnegie Street Lurgan Co. Amiagh BT66 6AS Northem Ireland Dale: .
The 1825 Project Limited IA company limited by guarante&, not havlng a share capital) STATEMENT OF FINANCIAL ACTIVITIES {In¢orporatlng an In¢ome and Expendlture Account) for the financial year ended 31 December 2022 Unrestricted Rostricted Funds Funds 2022 2022 Totsl Unrestricted Restricted Funds Funds 2021 2021 Total 2022 2021 Notes Incoming Resources Volunlary Income 95,068 95,068 3.000 12.213 15,213 Resources Expended Charttable activities 2,895 75,745 78,640 219 53,573 53,792 Net incomel{exp¢nditure} Transfers between fvnds {2,895) 2,668 19,323 {2,6681 16,428 2,781 2,948 (41,3601 {38.57gi (2.9481 Net movement in funds for the financial year {227) 16,6SS 16.428 5,729 (44,3081 138,579) Reconelllation of funds Balances brought fOard at 1 January 2022 12 35 4,802 4,837 15,6941 49,110 43,416 Balances carried forward at 31 D袢mber 2022 (192) 21,457 21.265 35 4,802 4,837 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 10 10 13 form part of the financial slalemen15
The 1825 Project Limited IA company Kmited by gvarontee. nothawing a capit¥ll Company Number. N10421I6 BALANCE SHEET as al 31 t)erEmbe¥2022 2022 2021 Notes Fixed Assets Tangible assets 3.119 1,797 Current Assets Debtors C8sh al bank ar4d in hand 115 1a,270 19,463 19,463 10,385 Creditors: Amounts falling due wtthin one year io 11.317} 17,3451 Net Current Assets 18,146 3,040 Total Assets less Guent Llabilitses 21.26S 4,837 Funds Restricted fL'nds General fiJd {unEsbided) 21,457 1192} 4.802 Totsl funds 12 21.265 4,837 These financial s?iements haye èeen prepared in accordance with the special provisions relating lo small companies wlnin Part 15 of the CrJmpaniesAcl 2006. For the finantral year tr.ded 31 Dece4ricer 2022 the company was entitled lo exemption from audit under section 477 of the CompaniesAct 2006" and no nol5 has been deposited under seclion 476. The trustee ccnnuns that tre not rEquiYed the company lo obtain an audit of ils fjnancial statements for the finarciGI year in queslion in acco1 section 476 of the Companies Act 2006. The trustee ad(nc'.kdges trieif p4)onsibiKiies loc ensuring that the company keep5 accounting records which comply 38s and for prrparérg f5nonaal sfatements which give a Iwe and fair view of thè slate of aliairs of the comp8ry aa a¢ th<> end of fdiaritssl year ar,d oi its profit and loss for the financial year in accordance with the requireFnents of s&diDn5 394 ad 395 wh"Gh otiLaThvise comply with the requirements of the Companies Act 2006 relating to Enaft(a21 <tsteffnIs. so Sar as aPpe2 lo Ine company. The finanoal aterr.ents have been pYep3red in acc<)rdance with Ihe provisions applIble to companies subject lo the small compani25' Egime aTKI in accordan FRS 102 'Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland". apptyry Sethon 1A of Ihat Standard. Approved by Ihe Board of Tntslees and aulhorlsed for Issue on beha by and signed on Its Andrew Philip Mourant Director Tl* fEoks pages 10 10 13 fonn part of the fjnanaal statenients
The 1825 Project Limited IA company Ilmited by guaranteo, not having a share capltal) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2022 GENERAL INFORMATION The 1825 Project Limited is 8 company limited by guarantee incorporaled in Northern Ireland. The registered office of the company is Moylinn House. 21 Legahory Centre, Legahory, Craigavon. Co. Arma9h, BT65 58E. Northern Ireland which is also the principal place of business of the company The financial statements have been presented in Pound Sterting {£} which is also the fvnctional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered matenal in relation to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concern basis under the historical cost convenlion. modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practrce ISORPI "Accounting and Reporbng by Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that standard. As permitted by the Companies Act 2006. the company has varred the standard fomiats in that act for the Statement of Financial A¢tivities and the Balance Sheet. Departures from the standard fom)ats are to Comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. statoment of compllance The financial slalements of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended practi ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable In the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Incoming Resour¢os Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled lo it, its financial value can be quantified with reasonable certainty and there is aSOnable certainty of its ultimate receipt. Enlillement to legacies is considered established when the company has been notified of a distribution to be made by the executors. Income reiVed in advance of due perfo[man under a contract is accounted for as deferred income until eamed. Grants for actiwties are recognised as income when the related conditr'ons for legal entruement have been met. All other income is accounted for on an accruals basis. Tanglble fixed assets and depre¢lation Tangible fixed assets are stated at cost or at valuation. less accumulated depr8cialion. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value. over their expected usehjl lives as follows.. Fixtures. fittrngs and equipment 200A Straight line Cash at bank and in hand Cash at bank and in hand comprises cash on déposit at banks requiring less than three months, notice of withdrawal. Taxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. All income received by the charity is used for charitable purposes and is therefore exempt from laxalion. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2022 2021 10
The 1825 Project Limited (A company limtted by guarantee, not havlng a share capital} NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2022 Community Foundation Nl Department of Foreign Affairs ABC Council Other Grants Fennanagh & Omagh Council Community Relations Council Lottèry - Empowerment Halifax 5,200 7,829 5,200 7,829 500 5,429 18,3401 167) 12.691 5,000 82,039 82,039 95,068 95,068 1S.213 EXPENDITURE CHARITABLE ACTIVITIES Dire¢t Costs Other Costs Support Costs 2022 2021 Grant Funded Exp6nditure 78,640 78,640 53,792 SUPPORT COSTS Charltable Actlvities 2022 2021 Depreciation Salaries & Wages Accountancy Direct Training & Project Costs Bank Fees Computer & Telephone Costs Travelling pps Rent & Insurance 1,405 46.350 1,350 23.402 114 2,044 2,901 34 1.040 1,405 46,350 1,350 23.402 114 2,044 2.901 34 1,040 859 42,738 1.080 4.902 99 1,434 1.390 341 949 78,640 78,640 53,792 ANALYSIS OF SUPPORT COSTS 2022 2021 Depreciation Salaries & Wages Accountancy Direct Training & Project Costs Bank Fees Computer & Telephone Costs Travelling pps Rent & Insuran 1.405 46.350 1.350 23,402 114 859 42,738 1.080 4.902 99 1.434 1.390 341 949 2,901 34 1,040 78,640 53.792 NET INCOMING RESOURCES 2022 2021 Net Incoming Resources are ststed after chargSngl(crediting): Depreciation of tangible assets 1,405 859
The 1825 Project Limited IA company limltad by guarant88, not havlng a share capltal) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2022 EMPLOYEES AND REMUNERATION Number of omployees The average number of persons employed (including executive trustee) during the financial year was as follows.. 2022 Number 2021 Number Facilitator Administrator The staff $ts comprise.. 2022 2021 Wages and salaries 46,494 42.738 TANGIBLE FIXED ASSETS Fixtures, fittlngs and equipment Total Cost At 1 January 2022 Addits'ons 4,296 2,727 4.296 2,727 At 31 December 2022 7,023 7,023 Depreciatlon At 1 January 2022 Charge for the financial year 2,499 1,405 2,499 1,405 At 31 December 2022 3,904 3.904 Net book value At 31 December2022 3,119 3,119 At 31 December 2021 1,797 1,797 DEBTORS 2022 2021 Taxation and social security costs 115 10. CREDITORS Amounts falling duo withln one year 2022 2021 Taxation and social security costs Accruals and deferred income 217 1,100 7.345 1,317 7.345 12
The 1825 Project Limited A company Ilmited by guarante8, not havlng a shar• ¢apital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2022 11. RESERVES 2022 2021 At 1 January 2022 Surplusl{Deficit) for the financial year 4,837 16,428 43,416 138.579) At 31 December 2022 21,265 4,837 12. FUNDS 12.1 RECONCILIA TION OF MOVEMENT IN FUNDS Unrestri¢ted Restrl¢ted Funds Funds Total Funds At 1 January 2021 Movement during the financial year 15,694) 5.729 49.110 (44,308) 43,416 (38,579} At 31 December 2021 Movement during the financial year 35 {2271 4,802 16,655 4,837 16,428 At 31 Dernber 2022 {1921 21,457 21,265 12.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2022 Income Expenditure Transfers Balan¢e between 31 December funds 2022 Restricted funds Community Foundation Nl Department of Foreign Affairs and Trade Lottery- Empowerment 5,200 7.829 5,200 2.818 4.316 {6951 4,802 82.039 71,429 11.973} 13.439 4.802 95.068 75,745 12.668} 21,457 Unrostricted funds Unrestricted Funds 35 2,895 2,668 {1921 Total funds 4,837 95,068 78,640 21,265 13. STATUS The company is limited by guaranlee not having a share Capitsl. The liability of the members is limited. Every member of the company undertakes to contribute to the ass6ts of the company in the event of its being wound up while they are members. or within one year thereafter, for Ihe payment of the debts and liabilitl8S of the company contracted before they ceased to be rnembers, and th8 costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1. 14. POST-BALANCE SHEET EVENTS Thero have been no significant events affecting the Charity since the financial year-end. 13