Company Registration Number: N1042116 Charity Number: NIC102697 The 1825 Project Limited IA company limitgd by guarantee, not having a share capltall Annual Report and Unaudited Financial Statements for the financial year ended 31 December 2024 Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland
The 1825 Project Limited IA company limited by guarantee. not having a shar• capital) CONTENTS Page Trustees, and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
The 1825 Project Limited IA company limited by guarantee, not havlng a share capitall TRUSTEES. AND OTHER INFORMATION Trustoes Andrew Philip Mourant Gayle Mccreanor Charity Number In Northern Ireland NIC102697 Society Number N1042116 Reglstered Office and Principal Address 501 Drumbeg Tullygally Craigavon Amagh BT65 SAH United Kingdom Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northem Ireland Prlncipal Bankers Bank of Ireland 13 Market Street Lurgan Co. Armagh BT66 6AR Northern Ireland Solicitors Hagan & Mcconville 34 Edward Street Portadown Co. Armagh BT62 3NE Northern Ireland
The 1825 Project Limited IA company limited by guarantee, not having a share capital) TRUSTEES. ANNUAL REPORT for the financial year erTrded 31 December 2024 The trustees present their Trustees, Annual Report, combining the D1clOr$, Report and Trustees, Report. and Ihe unaudited financial statements for thB financial year ended 31 December 2024. 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 ol Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Tland IFRS 1021. The Trustees, Report contains the infomalion required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice ISORPI guidelines. The trustees 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 trustees of The 1825 Proj&ct Limited present a summary of its purpose, govemance, activities, achievem8nts and financBs for the financial year 31 December 2024. The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Stat8ment of Recommended Practice {Charities SORP effective January 20151, the organisalion has implemented its recommendations where relevant in these financial statements. Principal Activity The 1825 Project Ltd was estsblished in 1998 and is a community-based training organisation that designs and delivers strategically targeted projects. programmes and interventions for young people which contributes to community development. It rther 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. Mission. Objectives and Strategy Objectives The 1825 Projecl Limited was established in 1998 and is a community-based training organisation that designs and delivers strategically targeted projects, programmes and interventions for young people which contributes lo community development. It further delivers cross-bord8r programmes and projects in partnership. generally as a18ad agency, and trains other individuals and organisalions to work with and for young people. Structure. Governance and Management Structure The 1825 Project Limited is a company limited by guarantee and is govemed by ils Memorandum and Articles ol Association. It is also recognised as a charity by the Charity Commission of Northem Ireland. The day to day activities of the charity are administer6d by th8 manager who then reports back lo the Tnjslees on a règular basis. Committees of the Board and Terms of Reference The Trustees who served during the year were as follows '. Andrew Mouranl Gayle Mccreanor
The 1825 Project Limited IA company limited by guarantee, nol having a share ¢apltall TRUSTEES, ANNUAL REPORT for the financial year ended 31 December 2024 Review of Activitles, Achlevement5 and Performance The project continued to deliver the Power to Empower Project which is funded under th& National Lcittery Community Fund with additional activities and resources provided for by monies from the Irish Department of Foreign Affairs and Trade Reconciliation Fund. We worked with a group of young people from the Portadown ar8a deliv8ring OCN Level 2 in Uniting Communities Through Leadership. A second group of young people from the Brownlow area of Craigavon on partnership with Lismore College also completed the same OCN Course. WE developed a second OCN option in 2024 which will be offered as a level 2 qualification in Community Development which will be offered to young people in 2025 and 2026. The Staff and Committee explored options under the Peace Plus Changemakers programme and wi11 make an application to run a pilot project involving a cross-border intergenerational group of individuals from Craigavon and Cavan Town. The aim is to produce a book and podcast which examines the catastrophic impact lo local communities because of partition and how that contributed to poor social development and high levels of emigration by young people. Various short programmes were carried out thrDugh Community FDundalion for Nl funding and Community Relations Council Funding addressing poor physical. mental and sexual health amongst young people. The project completed its Power to Empower plus short programme which was delivered through funding provided by the Halifax Foundation. The project conlinued to explore possibilities for further training and education in community development for staff and volunteers and the development of its own courses in reconciliation, community development and leadertship. Financial Review The results for the financial year are set out on page 9 and additional notes are provided showing income and expenditure in greater detsil. Flnanclal Results At the end of the financial year the charity has assets of £26,94612023 £24,187) and liabilities of £1,754 {2023 £1.8391. The net assets of the charity have increased by £2,844. Reserves Position and Pollcy Th& charity's policy is lo achieve a level of resources which matches the needs of Ihe organisation both at the current time and in the foreseeable fulure. The free reserves required should be sufficient to cover at least thre& months, running costs. The trLJslees feel that these levels of reserves are essential lo enable the charity to continue to provide its activities for the foreseeable future. The reserves policy is an integral part of the charity's planning, budget and forecasts. Trustees The trustees who served throughout the financial year, except as noted, were as follows= Andrew Philip Mourant Gayle Mccreanor In accordance with the Constitution, th8 trusteas retires by rotation and, being eligible, offer themselves for re-election. Compliance with Sector-wide Legislation and Standards The charity engages pro-actively with legislation, standards and codes which are developed for the sector. The 1825 Project Limited subscribes to and is compliant with the following.. The Companies Act 2006 Th& Charities SORP IFRS 1021 Public Benefit Th8 Directors believe that the 1825 Project conforms readily to tho new public benefft requiremenls of the Charity Commission. The reasons for this belief are.. 111825 Project has charitsble objectives (as noted above) that quite cleady demonstrate public benefit in promoting social development and opportunity through education and training. 21 The project monitors and collates the activities of all of ils participants and keeps a record of the Iraining and educational achievement of them by means of providing a personal record of achievement portfolio and using the figures lo present to all interested parties the benefits of those achievements.
The 1825 Project Limited IA company limlted by guarantee. not having a share capital TRUSTEES. ANNUAL REPORT for the financial year ended 31 December 2024 3) The organi8ation produces monthly, quarteTly anct annual reports which hhlightS the achievements of the participants and the benefrts those achievements bring to them personally and lo their local communities. 4) The organizalion bars no one on the basis of ability and provides education and training al a level which will be attainable for those young people participating and which takes into account any or no disability they may have. 51 There is no private benefit or harm as a result of the organisabon's actrvities. Approved by the Board of Trustees on 121h Augusl 2025 and slgned on its behalf by: Andrew Philip Mourant Dlrector
The 1825 Project Limited IA company Ilmlted by guaraniee, not having a share capltall STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 December 2024 The Iruslees. who are also directors of The 1825 Project Limited for the purposes of company law. are responsible for prepaTrng the financial statements in accordance with applicable law and regulations. Company law requires the trustees as the directors to prepare financial slalements for each financial year. Under that law the trustees have elected to prepare the financial slalemenls in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law} including FRS 102 'The Financial Reportir¥J Standard applicable in the UK and Republic of Ireland. Section 1A (Small Entities). Under company aw the trustees musl not approve the financial statements unless they are s8ts"sfied that they give a true and fair view of the state of affairs of the company and of ihe Surplus or deficit of the company for that period. In preparing these financial st8lemenls. Ihe trustees are required to.. select suitabfe accounting policies and apply thom consislently-, m8k8 judgements and estimales that are reasonable and prudent., slate whether Èhe financial statements have been prepared in accordance with the relevanl financi81 reporting framework, identtfy those standards. and note the effect and the rgasons for any material departure from those standards; and prepare the financial 51atemenls on the going concem basis unless il is inappropriale lo presumè that the charity will continue operation. The trustees confirm that they have complied the above requireynents in preparing the financial statements. The Iruslees are responsible for keeping adequate accounting records that are sufficienl to show and explain th& charity's transactions and disclose with reasonable accuracy al any time the ffnancial position of the charity and enable thèm to ensure that the financial statements comply with the Companies Act 2006. They are also responsible foi safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 12th August 2025 and slgned on Its behalf by.. Andrew Philip Mour Dlrector nt
The 1825 Project Limited IA company limited by guarantge, not having a share capital} 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 2024, which comprise the Slalement of Financial Activities {incorporating an Income and Expenditure Accounti, the Balance Sheet and the related notes. This report is made solely to the charity's members, as a body, in accordance with Chapter3 ofPart 16 ofthe Companies Act 2006. Ourwork has been undertaken so thatwe might compile the financial statements IhatW8 have been engaged to compile. report to the Board ofTrustees that we have done so, and stale those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assum8 responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for this report. Respectlve responsibilities of trustees and examiner The charity's tnjslees (who are also the directors of the company for the purposes of company law) a responsible for the preparation Df the financial statements in accordance with the requirements of the Companies Act 2006. The harily's trustees consider that an audit is not required forthis 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 Charities Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northem Ireland under section 65191{bl of the Charities Act., and state whether particular matt8rs have come to our attention. Basis of independent examiner's report We have examined your charity financial statements as required under section 65 of the Charities Act and our oxamination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519)Ib} of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration ol any unusual items or disclosures in the financial statements 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 cons8quently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to 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 2006 the financial stat8ments do not accord with those accounting r8cords the financial statements have not been prepared in accordance with the accounting requirements of section 396 01 the Companies Act2006 and with the methods and principles ofthe Statement ofRecommended Practice applicable to charities preparing their accounts in accordance Wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 there is further information needed for a proper understanding of the accounts to be reached. Independent examlner's statement We have no concerns and have come across no other matt8rs in connectlDn with the examination to which attention sh drawn in s report in order to enable a proper understanding of the financial slatements to be reached. DA & COMPANY LTD Cha ered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Date: 12th August 2025
The 1825 Project Limited (A company limited by guarantee, not having a Share capitall STATEMENT OF FINANCIAL ACTIVITIES Incorporating an Income and Expenditurg Account) for the financial year ended 31 December 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Incoming Resources Voluntary Income 92,381 92,381 86.423 86,423 Resources Exp8nd8d Charitablo activities 9,373 80,164 89,537 2,322 83,019 85,341 Net incomel(expenditure) {9,3731 12.217 2,844 (2,322) 3,404 1,082 Transfers beteen funds 9.774 (9,774> 1,301 11,3011 Net movement in funds for the financial year 401 2,443 2,844 11,021} 2,103 1,082 Reconclllatlon of funds: Total funds beginning of the year {1,212) 23,560 22.348 (1911 21,457 21,266 Total funds at the end of the year 1811) 26,003 25,192 {1,212) 23,560 22.348 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure r81at8 to continuing activities. Th8 notes on pages 11 to 14 form part of the financial ststemenls
The 1825 Project Limited {A company lirniled by 9uardntee, not having a share capital) Company Numbèr= N1042116 BALANCE SHEET as at 31 December 2024 2024 2023 Fixed Assets Tangible assets Notes 3,512 2,757 Current Assets Cash at bank and in hand 23,434 21,430 Creditors.. Amounts falling due wlthin one year Net Current A55ets (1,754) {1,839) 21.680 19,591 Total Assets fess Current Llabilities 25.192 22,348 Funds Restricted fursds General fund lunrestricled) Total ftsnds 26.003 {811) 23,560 {1,2121 11 25.192 22.348 These financial slalements have been prepared in accorilance with the special provisions relating lo small companies within Part 15 of the Companies Act 2006. For the financial year end8d 31 December 2024 the charity was enlttled to exemption from audit under sectson 477 01 the Compani85 Act 2006,. and no notice has been deposited under section 476. The trustees confirm that the members have not rUired the company lo obtain an audit of ils financial slalemenls foT the financial year in question in accordance with section 476 of the Companies Acl 2006. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 and for preparing financial ststemenls which give a tnje and fair view of the slate of affairs of the charity as al the end of the financial year and of ils profil and loss for the financial year in accordance with the Tequiremenls ol sections 394 and 395 and which otherwise comply with the requirements of the Companies Acl 2006 relating lo financial slatemenls, so far as app5icable lo the charity. The financial slalemenls have been prepared in accordance with the provisions applicable lo companies subject to the small companies. regime and in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Reptsblic of Irelartd" applying Section IA of that Standartl. Approved by the Board of Trustees and authorised for Issue on 12th August 2025 and signed on its behalf by Andrew Director hilip Mourant The notes on pages 11 10 14 form part of the finanaal 5tatemenls 10
The 1825 Project Limited IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 310ecember 2024 GENERAL INFORMATION The 1825 Proj&ct Limited is a company limited by guarantee incorporaled in Northern Ireland. The registered office of the charity is 501 Drumbeg, Tullygally, Craigavon, Armagh, BT65 5AH, United Kingdom which is also the principal place of business of the charity. The financial ststements have been presented in Pound 1£) which is also the functiona5 currency of the charity. 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. Basls of preparation The financial statements hav8 bèen prepared on the going concem basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Stalemenl of Recommended Practice ISORP} "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 1 A of that Standard. As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard fomiats 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. Statement of Compllance The financial statements of the charity for the financial year ended 31 December 2024 have been prepared on the going concem basis and in accordance with the Statement of Recommended Practice ISORP)"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 1 A of that Standard. Incoming Resources Voluntary income or capital 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 Ihe executors. Incoma rec81V8d in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related condits'ons for legal entitlement have been met. All other income is accounted for on an accruals basis. Resources Expended All resources expended are accounted for on an accruals basis. Charitable activities include costs of services and grants. support costs and depreciation on r8lated assets. Costs of generating funds similarly include fundraising activities. Non-staff costs not attributed to one catpgory of activity are allocated or apportioned pro- rata lo the staffing of the relevant service. Finance, HR, IT and administrative staff costs are directly attributable to individual activities by objective. Governance costs are those associated with constitutional and statutory requirements. Tangible fixed assets and depre¢iatlon Tangible fixed assets are stated at cost or at valuation, less accumulated deprecialion. The charge lo depreciation is calculated to 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 /0 Straight line Cash at bank and In hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months, notice ol withdrawal. Taxation No current or deferred taxation arises as the charity has been granted charitsble exemption. Irrecoverable valued added lax is expensed as incurred. All income received by the charity is used for charitable purposes and is therefore 8xempl from taxation.
continu8d The 1825 Project Limited IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2024 2023 Community Foundation Nl Community Relations Council Department of Foreign Affairs Lottery- Empow8Tm8nt Halifax 4.280 962 7,880 79,259 4.280 962 7.880 79,259 4,360 962 77,013 4,088 EXPENDITURE CHARITABLE ACTIVITIES Dlrect Costs Other Costs Support Costs 2024 2023 Grant Funded Expenditure 89,537 89,537 85.341 ANALYSIS OF SUPPORT COSTS 2024 2023 Depreciation pps Salaries & Wages Computer & T81ephone CDSts Direct Training & Projecl Costs Rent & Insurance Travelling Accountancy Bank Fees 1.295 53 46,627 2,472 30.672 1.177 5,722 1,395 124 1,665 66 47,497 2,058 28,158 952 3,516 1.320 109 89,537 85,341 NET INCOMING RESOURCES 2024 2023 Net Incomlng Resources are stated after chargingl{creditingl'. Depreciation of tangible assets 1,295 1,665 12
continued 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 2024 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed {including executive trustees) during the financial year was as follows.. 2024 Number 2023 Numb8T Administrator Facilitator The staff cosls Comprise.. 2024 2023 Wagos and salaries 46.627 47,497 TANGIBLE FIXED ASSETS Fixtures, fittings and equipment Total Cost At 1 January 2024 Additions 8,326 2,050 8,326 2,050 At 31 December 2024 10,376 10,376 Depreciation At 1 January 2024 Charge for the financial year 5.569 1,295 5,569 1,295 At 31 December 2024 6,864 6,864 Net book value At 31 December 2024 3.512 3,512 Al 31 December 2023 2,757 2,757 CREDITORS Amounts falllng due within one year 2024 2023 Taxation and social security costs Accruals and deferred income 654 1,100 739 1,100 1,754 1,839 10. RESERVES 2024 2023 At the beginning of the year Surplus for the financial year 22,348 2,844 21.265 1,083 At the end of the year 25,192 22,348 13
continued The 1825 Project Limited IA company limited by guarantee, not having a shar9 capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year 8nded 31 December 2024 11. FUNDS 11.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlcted R8Stricted Funds Funds Total Funds At 1 January 2023 Movement during the financial year 11911 11,0211 21,457 2,103 21,266 1,082 At 31 December 2023 Movement during the financial year 11,212) 401 23.560 2,443 22,348 2,844 At 31 December 2024 (811) 26,003 25,192 11.2 ANALYSIS OF MOVEMENTS ON FUNDS Balancè 1 January 2024 Income Exponditure Transfers Balance between 31 December funds 2024 Restricted funds Community Relations Council Community Foundation Nl Department of Foreign Affairs and Trade Halifax Lottery- Empowerment 962 1,578 962 4.280 7,880 873 2,965 5,056 11,0511 1131 29 2,880 2,853 3,170 17,850 3,170 68,100 79,259 {8,7391 20.270 23.560 92,381 80,164 19,7741 26,003 Unrestricted funds Unrestricted Funds 11,212} 9,373 9,774 18111 Total funds 22,348 92.381 89,537 25,192 12. STATUS The charity is limited by guarantee not having a share capital. The liability of the memb8rs Is limited. Every member of the CDmpany undertakes to contribute to the assets of the company in the evenl of its being wound up while they are members, or within c>ne year thereafter, for the payment of the debts and liabilities ol the company contracted before they ceased to be members, and the costs, charges and expensos of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be requirad, not exceeding £ 1. 13. POST-BALANCE SHEET EVENTS There have be8n no significant events affecting the Charity since the ff nancial year-end. 14. INDEPENDENT EXAMINERS REMUNERATION The independent examiners r8muneralion amounls to an independent examination fee of £1,32012023 £1,320). No other monies have been paid to Daly Park & Company Ltd 15. TRUSTEE REMUNERATION The trustees did not receive nor did they waive any remuneration during the current financial year.12023 - £nil). 14