2350 Company Registration Number: N1042116 Charity Number.. NIC102697 The 1825 Project Limitsd IA company Ilmlted by guarantse, not having a share capital) Annual Report and Unaudited Financial Statements for the financial year ended 31 December 2023 Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Amiagh BT66 6AS Northem Ireland
The 1825 Project Limited A company limlted by guarantee, not having a share capitsll CONTENTS Page Trustees, and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examinef s Report Statement of Financial Activities Balan Sheet Notes to the Financial Statements 10-13
The 1825 Project Limited IA company Ilmlted by guarantee. not having a shar8 capital? TRUSTEES, AND OTHER INFORMATION Trustses Andrew Philip Mourant Gayle Mccreanor Charity Number in Northern Ireland NIC102697 Company Registration Number N1042116 Registered Office 501 Drumbeg Tullygally Craigavon Craigavon Amagh 8T65 SAH United Kingdom Princlpal Address 501 Dnjmbeg Tullygal Craigavon Armagh BT65 SAH Northern Ireland Independent Examiner Daly Park & Company Ltd Chartered Accountant5 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Prlnclpal Bankers Bank of Ireland 13 Market Street Lurgan Co. Armagh BT66 6AR Northern Ireland Solicltors Hagan & Mcconville 34 Edward Street Portadown Co. Armagh BT62 3NE Northem Ireland
The 1825 Project Limited (A Company Ilmited by guarantee, not havlng a share capltsll TRUSTEES, ANNUAL REPORT for the financial year ended 31 December 2023 The trustees present their Tnjstees. Annual Report, combining the Directors, Report and Trustees, Report, and the unaudited financial statements for the financial year ended 31 December 2023. 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 Practice applicable to charities preparing their financial slatements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The TnJslees' Report contains the information required to be provided in the Truslees, Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the company are also charity trustees for the purpose of charity law and undèr the company's constitution are known as members of the board of trustees. In this report the trustees of The 1825 Project Limited present a summary of its purpose, g0veman, activities, achievements and finan$ for the financial financial year 31 December 2023. The charity is a registered charity and hence the report and results are presenled in a form 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 2015), the organisation has implemenled its recommendations where relevant in these financial ststements. Mission, Objectives and Strategy Objectives The 1825 Project Limited was established in 1998 and is a community based training organisation that designs and delivers strategically targeted projects. programmes and inleNentions for young people which contributes to community development. It further delivers cross border programmes and projects in partnership, generally as a lead agency, and trains other individuals and organisations to work with and for young people. Structure, Governance and Management Structure The 1825 Project Limited is a cornpany limited by guarantee and is governed by its Memorandum and Articles of Association. It is also recognised as a charity by the Charity Commission of Northem Ireland. The day to day activities of the charity are administered by the manager who thenreports back lo the Trustees on a regular basis. Committees of the Board and Temis of Reference The Trustees who served during the year were as follows . Andrew Mourant Gayle Mccreanor
The 1825 Project Limited IA company limitsd by guarantee, not having a share capital) TRUSTEES, ANNUAL REPORT forthe financial year ended 31 December 2023 Review of Actlvities, Achievements and Perfomiance Throughout 2023 the 1825 project continued to deliver its National Lottery Community Fund Power lo Empower Project. il engaged three groups of twelve young people aged 17- 22 years from across the Craigavon Borough. The young people completed an OCN Level Mo qualification in Uniting Communities Through Leadership as well as participating in educational field trips and social teambuilding activities. The 1825 Project worked in partnership with Lismore College, Craigavon, St Pelers GAA, Clan Éireann GAA, South Shore Health and Wellbeing, Drumbeg Residents Association, Craigavon Volunteer Bureau and the Fitzone Foundation in Ihe delivery of ils Power to Empower Programme. The project pèrsonnel also worked closely with the Fitzone Foundation in the delivery of training in and education of Community Development as part of its commilment to enhancing the community Sèctor in Craigavon Borough. We participated in the consultations regarding the development of area plans with regards to the Peace IV Programme which was led by ABC Council in mid to late 2023. We received funding from the Communty relations Council, Halifax Foundation and CFNI which was directed towards more focused training in the areas of community development, peabUilding and outreach which was open to past, existing and new participants. The take up was very high and many of Ihe participants are now aGlive in community engagement at different levels using the training they received. An application was made in March 2023 to the Department of Health, led by the 1825 Project in partnership with the Fitzone Foundation and Craigavon Volunleer Bureau. It was a strong application which made several proposals to address mental health issues in the Craigavon area. However, the process was pulled by the Department and no fvnding was awarded to any group. Financial Review The financial results for the year are fully detailed from pages 8 onwards and show the overall surplus of £1,083 for the year. This has arisen mainly lo do with the liming of funding received and not spent at the year end. The trustees consider the finanGial results lo be SatisfaOry. Financial Results At the end of the financial year the Gharity has assets of £24,187 (2022 - £22,582) and liabilities of £1,839 (2022 - £1.317). The net assets ofthe charty have increased by £1,083. Reserves Position and Policy The charity's policy is lo achieve a level of resources which matches the needs of the organisalion both at the current time and in the foreseeable fvture. The free reserves required should be sufficienl to cover at least three months running costs. The trustees feel that these levels of reseNes are essential to enable the charity lo continue to provide its activities for the foreseeable future. the reserves policy is an integral part of the charity's planning, budget and forecasts.
The 1825 Project Limited {A company limited by guarantee, not havlng a share eaplta TRUSTEES, ANNUAL REPORT forthe financial year ended 31 D8mber ?023 TeeS The trustees who served triroughoirt the financial year, except as noted, were as follows". Andrew PhTI ip Mourant Gayle Mccreanor In accordance with the Constitulion. the trustees retires by rotation and, béing eligible, offer them561ves foi lection. Compliance with Seotor-wide Legislation and Slandards The charity engages pro*actively wilh legislation, standards and codes which are developed for the sector. The 1825 Project Limited subscribes to and is compliant wth the following." The Companies Act 2006 The Charities SORP (FRS 102) Publsc Benefft The Directors believe that the 1825 Project Gonfomis readily to the new public benefit rectuirements of Ihe Charity Commission. The reasons for Ihis belief are.. 1) 1825 Project has chathable objeclives (as noted above) that quite clearly demonstrate public benefit in promoting social development and opportunity through education and training. 2) The project monitors and collates the actiwties of all of its participants and keeps a record of the training and educational achievement of them by means of providing a personal record of achievement portfolio and using the )Igures to present to all int6resled parlies the benefits of those achievements. 3) The oryanisation producés monthty, quarterty and annual reports which highlights the achievements of the partiapants and the beneDts those achievemenls bring to them personally and to their local communities. 4) The organizalion bars no one on Ihe basis of ability and provides education and training at a level which will be attainable forthose young people pailic4paling and which takes into account any or no disability Ihey may have. 5) There is no private benefft or hami as a result of the organisation's activities. Approved by he Board of Trustees on 21 May 2024 and slgned on Its behalf by.. Andrew Philip MourdnT Director
The 1825 Project Limited IA company limited by guarantee, not having a share capital) STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 Dernber 2023 The truslees, who are also directors of The 1825 Project Limited for the purposes of Company law, are responsible for preparing the finanaal statsmens in accordan with applicable law and regulations. Company law requires the trustees as the directors to prepare financial statements ft)r each fjnanaal year. Und8r that law the trustees have elected to prepare the financial statements in accordance with Unite(l Kingdom Generally Accepled Accounting Practice {Untted lQngdom Accounting Standartts and applicable law) induding FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A {Small Entities). Under company law the trustees must not approve the financial statements unless they afe satisfied that Ihey give a true and fair Mew of the state of affairs of the company and of the surplus or deficit of the company for thal period. In preparing these financial statements, the trustees are required to.. select suitable accounting polioes and apply them consistently- make judgements and estimates Ihal are reasonable and pruden¢ state whether the financial statements have been prepared in aTrrdan with the relerdnt financial reporting framework. identify those standards, and note the effect and the reasons for any matetial departure from Ihose standards., and prepare the financial stemènts on the going concem basis unless it is inappTopriate to presum8 that Ihe thar+ty 11 continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any lime the finanaaE posilion of the charity and enable them to ensure that the financial statements comply with. They are also responsible for safeguarding the assels of the charity and hence for tsking reasonable steps for the pvenI10n and detection of fraud and other jrr6gularities. Approved by the Boar of Trustees on 21 May 2024 and sl9ned on its behalf by. AndrewPhilip Mourdnt Director
The 1825 Project Limited (A company limited by guarantee, not having a share capitsll INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF THE 1825 PROJECT LIMITED We have examined the financial statements of the charity for the financial year ended 31 December 2023, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the relaled notes. This report is made solely to the charity'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 lo the Board of TrusleÈs that we have done so. and slate those matters that we have agreed lo slate lo them in this report and for no other pufpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for this report. Respective responsibilities of trustees and examlner The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The charity's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Cornpanies Act 2006 and that an independent examination is required. It is our responsibility lo: examine the financial statements under section 65 of the Charities Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.. and slate whether particular matters have come to our attention. Basis of independent examineffs report We have examined your charity financial statements as required under section 65 of the Charities A¢t and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65(9){b) of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of Ihe financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial slatements and seeking explanations from the trustees 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 lo those matters set out in the statement below. In connection with 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 2LK6 the financial statements do not accord with those accountin9 records the financial statements have not been prepared in accordance 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 (FRS102) there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statsment We have no concerns and have Come across no other matters in connertion with the examination to which attention ould e drawn in eport in order to enable a proper understanding of the financial statements to be reached. RK & COMPANY LTD rtered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northem Ireland Date: 21 May 2024
The 1825 Project Limited IA company limited by guarantee. not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating an Incorne and EXpond[tu Accounti for the financial year ended 31 December 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Unrestricted Restricted Funds Funds Funds 2023 2022 2022 Total Funds 2022 Notss Incoming Resources Voluntary Income 86,423 86,423 95,068 95,068 Resources Expended Charilable activities 2,322 83,019 85,341 2,895 75,745 78,640 Net Incomel(expenditure) (2,3221 3,404 1,082 (2,8951 19,323 16,428 Transfers beeen funds 1,301 {1,301) 2,668 (2,668) Net movement in funds for the financial year {1,021) 2,103 1,082 (227) 16,655 16,428 Reconciliation of funds: Total funds beginning of the year 11 (191) 21,457 21,266 35 4.802 4,837 Total funds at the end of the year (1,212) 23.560 22,348 (192) 21,457 21,265 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expendrture relate to continuing activities. The notes on pages 10 to 13 form part of the financial statements
The 1825 Project Limited IA ¢ompanylimhed byguarantsè, not haying a share ¢apTral) Cornpany Nunther N1042116 BALANCE SHEET as al 31 December2073 2023 2022 Notes Fixed Assets Tangible assets 2,757 3,119 Current Assets Cash al bank and in hand 21,430 19,463 Creditots= Amounts falling due wilhin one year (1,8391 (1,31n Net Cunpnt Assets 19,591 18,148 Total Assets less Current Liabillties 22,348 21,265 Funds Reslrithd funds General fund (unresirw 23,560 11,212) 21,457 (192) Total funds 11 22,348 21,265 These financial stalements ha been prepTrl in accordan wlh the special provtsions relating to small companies withim Part 15 of lh2 Companies Acl 2006. Forthe financial year ended 31 tlecember2023 the tharity was entiued to exemption from audit under secfion 477 of the Companies Ac4t2LK16', and r notice has been deposiieEa under section 476. The Iwstees confimi th.at the rnbers ha not required Ihe company to obtain an audil of its financial slatements for the financTal year in quesfion in accordance with section 476 of the Companies Act 2006. The trusiees acknowledge thelr respcnsibili*ies for ensuring that the charity keeps accounting record5 which comply with section 386 and for preparing financial statements which give a true and fair view of the slate of affairs of the charity as at the end of Ihe financial year and of its profrt and loss for the financial year in accorijance with the quir6ments of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to fjnancial statements, so far as applioable to the charity. The financial statements have been PrePad in accordance with Ihe provisions applicable to companies subject lo the small companies, fegime and in accordance with FR8 102 'Tre Financial Reporting Standard applicable in Ihe UK and Republic of IFelan(r. applying Seclion 1A of Ihat Standard. ved by tho rd of Trustees and authorised for Issue on 21 May 2024 and signed on Its behalf by AndrewPhi Director ip Mourant The notes on pages 10 10 13 form part oflhe flnancial statements 10
The 1825 Project Limited IA company limlted by guarantee, not having a Share capital} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 GENERAL INFORMATION The 1825 Project Limited is a company limited by guarantee incorporated in Northern Ireland. The registered office of the company is 501 Drumbeg, Tullygally, Craigavon, Craigavon. Amiagh. 8T65 5AH, United Kingdom which is also the principal place of business of the company The financial statements have been presented in Pound (£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concern basis under Ihe historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordan with the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charities preparing iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As pemiitted by the Companies Act 2006, the charity has varied the standard fonnats in that act for the statement of Financial Activities and the Balance Sheet. Departures from the standard fomials 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. ststement of compliance The financial statements of the charity for the financial year ended 31 December 2017 have been prepared on the going concem basis and in accordance with the Ststement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Incoming Resources Voluntary income or capilal is included in the Statement of Financial Activities when the charity is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the charity has been notified of a distribution to be made by the executors. Income received in advance of due performance under a ntract is accounted for as deferied income until eamed. Grants for activities are recognised as income when the related conditions for legal entitlemenl have been met. All other income is accounted for on an accruals basis. ResOue$ Expended All resources expended are accounted for on an accruals basis. Charitable activities include costs of seNices and grants, support costs and depreciation on related assets. Costs of generating funds similarfy include fundraising activities. Non-staff costs not attributed to one category of activity are allocated or apportioned pro-rata to Ihe staffing of the relevant service. Finance, HR, IT and administrative staff costs are direcUy attribulable to individual activities by objective. Govemance costs ar8 those assoaated with constitutional and statutory requiremenls. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost or at valuation, less accumulaled depreciation. The charge to depreciation is cAlculated lo write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows: Fixtures, fittings and equipment 20 % Straight line Cash at bank and in hand Cash at bank and in hand comprises cash on dep051t at banks requiring less than three months, noti of withdrawal. Taxation No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added lax is expensed as incurred. All income received by the charity is used for charitable purposes and is therefore exempt from taxation. 11
The 1825 Project Limited IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued ft)r the financial year ended 31 December 2023 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 Community Foundation Nl Department of Foreign Affairs Lottery- Empowemient Halrfax 4,360 4,360 5,200 7,829 82,039 77,013 Tl,013 962 962 86,423 86,423 95,068 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs 2023 2022 Grant Funded Expenditure 85,341 85.341 78.640 ANALYSIS OF SUPPORT COSTS 2023 2022 Depreciation pps Salaries & Wages Computer & Telephone Costs Direct Training & Project Costs Rent & Insuran Travelling Accountancy Bank Fees 1,665 66 47,497 2.058 28,158 952 3.516 1,320 109 1,405 46,350 2,044 23.402 1.040 2,901 1.350 114 85.341 78,640 NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are stated after chargingl{creditingl: Depreciation of tangible assets 1,665 1,405 12
The 1825 Project Limited {A company limitsd by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2023 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed (including executive trustees) during the financial year was as follows.. 2023 Number 2022 Number Administrator Facilitator The staff costs compris8'. 2023 2022 Wages and salaries 47,497 46,494 TANGIBLE FIXED ASSETS Fixtures, fittings and equipment Total Cost At 1 January 2023 Additions 7,023 1.303 7,023 1,303 Al 31 December 2023 8,326 8,326 Depreciatlon At 1 January 2023 Charge forthe financial year 3.904 1,665 3,904 1,665 At 31 December 2023 5,569 5,569 Net book value Al 31 Dember 2023 2,757 2,757 At 31 December 2022 3,119 3,119 CREDITORS Amounts falling due within one year 2023 2022 Taxation and social security costs Accruals and deferred income 739 1,100 217 1,100 1,839 1.317 10. RESERVES 2023 2022 At the beginning of the year Surplus for the financial year 21,26S 1.083 4,837 16,428 At th8 end of the year 22,348 21,265 13
The 1825 Project Limited {A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2023 FUNDS 11.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restiicted Funds Funds Total Funds At 1 January 2022 Movement during the financial year 35 (227) 4,802 16,655 4,837 16,428 At 31 December 2022 Movement during the financial year {191) (1,021) 21,457 2,103 21,266 1,082 At 31 December 2023 11,212) 23,560 22,348 11.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2023 Income Expenditure Transfers Balance between 31 December funds 2023 Restricted funds Community Relations Council Community Foundation Nl Department of Foreign Affairs and Trade Halifax Lottery- Empowemient 962 4,360 962 1,578 5,200 2,818 7,512 2,799 (470) {19} 4,088 77,013 918 71.790 3,170 17,850 13,439 (8121 21.457 86.423 83,019 (1.301) 23,560 Unrestricted funds Unrestricted Funds {191) 2,322 1,301 (1.212) Total funds 21,266 86.423 85,341 22,348 12. STATUS The charity is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of ils being wound up while they are members. or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they aSed to be members, arbd the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves. suth amount as may be required. not exceeding £ 1. 13. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity sincè the financial year*nd. 14. INDEPENDENT EXAMINERS REMUNERATION The independent examiners remuneration amounts to an independent examination fee of £1.320 (2022 £1.320). No other monies have been paid to Daly Park & Company Ltd 15. TRUSTEE REMUNERATION The trustees did not re1ve nor did Ihey waive any remuneration during the cuent financial year. (2022- £nil). 14