COMPANY REGISTRATION NUMBER: N1613538
CHARrrf REGISTRATION NUMBER. NIC102760
Fairhill Youth Centre
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2023

Fairhill Youth Centre
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2023
Page
Directors. annual report (incorporating the trustee report)
Independent examinerfs report to the directors
Statement of financial activities (including income and
expendÉture account)
Statement of financial position
Notes to the financial statements

Fairhill Youth Centre
Company Lirnited by Guarantee
Directors. Annual Report (Incorporating the Trustee Report)
Year ended 31 March 2023
The directors, who are also the directors for the purposes of cornpany law, present their report and the
unaudited financial statements of the charity for the year ended 31 March 2023.
Reference and administrative details
Re9iStered charity name
Fairhill Youth Centre
Charity registration number
NIC102760
Company registration number N1613538
Principal office and registered 3 Tirkane Road
office
Maghera
Co Derry
8T46 SAG
The directors
Deirdre McKenna
Kathleen Lagan
Bemadette McErlean
Margaret Woods
John Donnelty
Donal Mullan
Independent examiner
Patrick O'Hagan
PFS Accountsnts and Auditors Ltd
122 Main Street
DungNen
Co Derry
BT47 4LG
Structure, govemanee and management
Fairhill Youth Centre is a company limited by guarantee and accepted as charitable by HMRC. The
company was incorporated on 9 July 2012.The company was established under a Memorandum of
Association which established the objects and powers of the company and is governed by its Articles
of Association. The board consists of the stx directors.
Objectives and activities
The principal activity of the Fairhill Youth Centre during the year was the promotion of benefits to
children in the Maghera area, to educate and assist such children and young people through their
leisure-time activities so as to develop their physical, mental and erTh)tional capacities.

Fairhill Youth Centre
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Directoes Report) (C(￿onue&)
Year ended 31 March 2023
Financial review
The financial results of the company for the year ended 31 March 2023 are in line with expectations.
The centres main source of income remain grant income. Grant income has increased in the year to
31 March 2023. Income frorn other sources such as membership fees and fundraising as increased in
the year ended 31 March 2023.
During the year ended 31 March 2023 the company made a net surplus of £5,966, this is shown on
page 4 to the accounts.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The directors, annual report was approved on 19 January 2024 and signed on behalf of the board of
trustees by.,
Deirdre McKenna
Director

Fairhill Youth Centre
Company Limited by Guarantee
Independent Exarnineffs Report to the Directors of Fairhill Youth Centre
Year ended 31 March 2023
I report to the directors on my examination of the financial statements of Fairhill Youth Centre ('the
charty,) for the year ended 31 March 2023.
Responsibilities and basis of report
As the directors of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance wrth the requirements of
Charities Act (Northern Ireland) 2008 (the '2008 Acf) and the Companies Act 2006 ('the 2006 Act'}.
You are satisfied that the accounts of the company are not required by charity or company law to be
audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of rny examination of
the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my
examination I have followed the general Directions given by the Charity Commission for Northern
Ireland under section 65(9)(b) of the 2008 Act
Independent examinefs ststement
I have completed my examination. I confirm that no matters have corne to my attention in connection
with my examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act; or
the financial ststements do not accord with those records., or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'twe and fairf view which
is not a matter considered as part of an independent examination. or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
Patrick O'Hagan
Independent Examiner
PFS Accountsnts and Auditors Ltd
122 Main Street
Dungiven
Co Derry
BT47 4LG

Fairhill Youth Centre
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2023
2023
Restricted
funds Total funds
2022
Unrestricted
funds
Total funds
Nots
Income and endowments
Donations and legacies
Other trading activities
Total income
3,339
11.696
41.603
44.942
11.696
19,810
4,980
24,790
15,035
41.603
56,638
Expenditure
Expenditure on charitsble activities
Total expenditure
9,069
9,069
41,603
41,603
50.672
37,296
50,672
37,296
Net incomel(expendltu￿) and net
movement in funds
5,966
5,966
{12,506)
Reconcillation of funds
Totsl funds brought forward
Total funds carried forward
1,718
7,682
1,718
7,682
14,224
1.718
The ststement of financial activities includes all gains and losses recognised in the year.
l income and expenditure derive from continuing acb"vities.
The notes on pages 7 to 15 fom) part of these financial statements.

Fairhill Youth Centre
Company Limited by Guarantee
Statement of Financial Position
31 March 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
13
195,506
210,526
Current assets
Debtors
Cash at bank and in hand
14
4,719
4,913
1,470
2,577
9,632
4.047
Creditors: amounts falling due within one year
Net Current assets
1S
1.207
4,551
(5041
210,022
8,425
203,931
Total assets less current liabilities
Creditors. amounts falling due after more than one year
Provision for liabilities and charges
Net assets
16
33,076
32,333
163,173
175,973
1,718
7,682
Funds of the charity
Unrestricted funds
7,682
1,718
1,718
Total charity funds
20
7,682
For the year ending 31 March 2023 the charity was entiued to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors. responsibilities:
The members have not required the company to obtsin an audit of its financial statements for the
year in question in accordance with section 476",
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies. regime.
The statement of financial position
continues on the following page.
The notes on pages 7 to 15 forn? part of these financial statements.

Fairhill Youth Centre
Company Limited by Guarantee
Statement of Financial Position {continued)
31 March 2023
These financial statements were approved by the board of trustees and authorised for issue on 19
January 2024, and are signed on behalf of the board by:
Deirdre McKenna
Director
The notss on pages 7 to 1S form part of these financial ststements.

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2023
General infomiation
The charity is a public benefit entity and a private company limrted by guarantee, registered in
Northem Ireland and a registered charity in Nothem Ireland. The address of the registered offi
is 3 Tirkane Road, Maghera, Co Derry. BT46 SAG.
Statement of compliance
These financial statements have been prepared in compliance wtth 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 accordan￿ with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SQRP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modffied by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's abilty to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted fijnds eamprked by the d1￿ctorS for particular future project
or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal. and fall into one of SutFclasses.' restrided income funds or
endowment funds.

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Statements (￿￿oUt￿)
Year ended 31 March 2023
Accounting policies (continued)
Incoming resoU￿e$
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity; it is probable that the economic beneftts associated with the transaction
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 evidence of entitiement to the
grft, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised wrth the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is dassified under headings of the ststement of
financial activib'es to which it relates:
expenditure on raising funds includes the costs of all fijndraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activtties that further its charitsble aims for the benefit of its beneficiaries, including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that ts neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairnent losses. Any tsngible assets carried at revalued
arnounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impaiment losses.

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Ststsments (continued)
Year ended 31 March 2023
Accounting policies (continued)
Tangible assets (continued)
An increase in the carying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure wtthin the statement of financial acttvities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain. in which case the loss is shown w(thin
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost Of valuation of an asset, less its residual
value, over the useful economic life of that asset as follows:
Fixtures and fittings
Tenant Improvements
250k reducing balance
50/0 Straght line
Impairnient of fixed assets
A review for indicators of impairment is Carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist lthere the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impainnents are also reviewed for
possible reversal at each reporting date.
For the purposes of impaimient testing, when it is not possible to estimate the recoverable
amount of an individual assec an ests'mate is made of the recoverable amount of the
cash-generating unit to which the asset bebngs. The cash-generab'ng unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination. irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Govemment grants
Government grants are recognised at the fair value of the asset received or receNable. Grants
are not recognised until there is reasonable assurance that the charity will comply with the
conditions attaching to them and the grants will be re￿ived.
Where the grant does not impose specified future performance-related conditions on the
recipient, tt is recosnised in income when the grant proceeds are received or receivable. ￿There
the grant does impose specified fijture performance-related conditions on the recipient, tt is
recognised in income only when the performance-related conditions have been met. Where
grants received are prior to sab'sfying the revenue recognition criteria, they are recognised as a
liability-

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accounting policies (continued)
Financial instruments
A financial asset or a financial liabilty is recognised onty when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount re￿1vable or payable including
any related transaction costs.
Current assets and cu￿ent liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
here investrnents in shares are publicly traded or their fair value can otherwise be measured
reliabty, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment
Other financial instruments, including derivats'ves, are initially recognised at fair value. unless
payment for an asset is deferred beyond nomial business tenns or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financrdl act'vities. with the exception of hedging instruments in a
designated hedging relats'onship.
Financial assets that are rneasured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the ststement of financial
activities in which the inits'al gain was recognised.
For all equty instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impaimient. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are wognised immediately, to the extent that the reversal does not
result in a carrying amount of the financral asset that exceeds what the carying amount would
have been had the impaimient not previously been recognised.
Defined contribution plans
Contributions to defined contrÈbution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refijnd.
10

Fairhill Youth Centre
Company Limited by Guarantse
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accounting policies (continu8dJ
Defined contribution plans fcon&nuedJ
en contributions are not expected to be settled whoSly within 12 months of the end of the
reporting date in which the employees render the related servi￿, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Limited by guarantee
The Company is limited by guarantee of its members and does not have share capitsl. The
liability of members is limited to £1.
Donations and legacies
Unrestricted
Funds
Restricted Totsl Funds
Funds
2023
Grants
Grants receivable
3.339
41,603
44,942
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Grants
Grants receivable
2,300
17,510
19,810
Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Membership fees
Fundraising events
8,827
2,869
8,827
2,869
11,696
3,775
1,205
3,775
1,205
4,980
11,696
4,980
11

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Ststements (¢ontinuedJ
Year ended 31 March 2023
Expenditure on charitable activities by fund type
Unrestrtcted
Funds
Restricted Total Funds
Funds
2023
Direct charitable expenditure
Other costs
4,832
4.237
17,022
24,581
41,603
21,854
28,818
9.069
50,672
Unrestricted
FLJnds
Restricted Total Funds
Funds
2022
Direct charitable expenditure
Other costs
16,313
3,473
2,620
14,890
17,510
18.933
18,363
37,296
19,786
Expenditure on charitable activities by activity type
Activities
undertaken
directly Support costs
Totsl funds
2023
Total fund
2022
Direct charitsble expendtture
Other costs
21.854
21,854
28,818
50,672
18,933
18,363
37,296
28,818
28,818
21,854
Net incomel(expenditure>
Net incomel(expenditure) is stated after chargingl(crediting):
2023
2022
Depreciation of tangible fixed assets
15,020
14,914
10. Independent examination fees
2023
2022
Fees payable to the independent examiner for.
Independent examination of the financial ststements
890
1,050
12

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 31 March 2023
11. Stsff costs
The total stsff costs and employee benefits for the reporting period are analysed as follows:
2023
2022
Wages and salaries
Employer contributions to pension plans
12,305
14,016
12,313
14,016
The average head count of employees during the year was 3 (2022: 3).
No employee received ernployee benefits of more than £60, 000 during the year (2022.. Nil).
12. Trustee remuneration and expenses
None of the trustees received remuneration during the year ended 31 March 2023.
13. Tangible fixed assets
Fixtures and User defined
fittings
asset
Total
Cost
At 1 April 2022 and 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
23,584
297.800
321,384
23,064
130
87,794
14,890
102,684
110,858
15,020
125,878
23.194
Carrying amount
At 31 March 2023
390
195,116
195,506
At 31 March 2022
520
210,006
210,526
14. Debtors
2023
2022
Prepayments and accrued income
Other debtors
1,470
4,719
4,719
1,470
13

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Statements (conts'nued)
Year ended 31 March 2023
15. Creditors: amounts falling due wtthin one year
2023
2022
Accruals and deferred income
Social security and other taxes
other creditors - Grants various
850
67
850
3,701
917
4,551
16. Creditors: amounts falling due after more than one year
2023
2022
Other creditors- Grants various
33.076
32,333
33,076
32,333
17. Deferred income
2023
2022
At 1 April 2022
Released to profit and loss account
At 31 March 2023
175,973
(12,800)
163,173
188,771
(12,798)
175,973
18. Ponsions and other post retirement benefrts
Defined contribution plans
The amount recognised in income or expendtture as an expense in relation to defined
contribution plans was £8 (2022.. £Nil).
19. Government grants
The amounts recognised in the financial statements for government grants are as follows..
2023
2022
Recognised in creditors..
Deferred government grants due after more than one year
163.173
175,973
14

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Statements Icontinuedj
Year ended 31 March 2023
20. Analysis of charitable funds
Unrestricted funds
At
1 April 2022
At
Income Expenditure 31 March 2023
General fijnds
1,718
15,035
{9,069)
7,682
At
1 April 2021
At
Income Expenditure 31 March 2022
General fvnds
14,224
7,280
(19,786)
1,718
Restricted funds
At
1 April 2022
At
Income Expenditure 31 March 2023
Restricted Fund
41,603
(41,603}
At
1 April 2021
At
Income Expenditure 31 March 2022
Restricted Fund
17.510
(17,510)
15