CONIPANY REGISTRATION NUMBER: N1613538
CHARITY REGISTRATION NUMBER: NIC102760
Fairhill Youth Centre
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024

Fairhill Youth Centre
Company Limited by Guarantee
Financial Ststements
Year ended 31 March 2024
Page
Directors, annual report (incorporating the trustee report)
Independent examinerfs report to the directors
Statement of financial activities (including income and
expend iture account)
Statement of financial position
Notes to the financial statements

Fairhill Youth Centre
Company Limited by Guarantee
Directors, Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The directors, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and administrative detsils
Registered charity name
Fairhill Youth Centre
Charity registration number
Company registration number N1613538
Principal office and registered 3 Tirkane Road
office
Maghera
Co Derry
BT46 SAG
NIC102760
The directors
Deirdre McKenna
Kathleen Lagan
Bemadette McEriean
Margaret Woods
John Donnelly
Donal Mullan
Independent examiner
Patrick O'Hagan
122 Main Street
Dungiven
Co Derry
BT47 4LG
Structure, governance 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 govemed by its Articles
of Association. The board consists of the six 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 emotional capacities.

Fairhill Youth Centre
Company Limited by Guarantee
Directors. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Financial review
The financial results of the company for the year ended 31 March 2024 are in line with expectstions.
The centres main source of income remain grant income. Grant income has increased in the year to
31 March 2024. Income from other sources such as membership fees and fundraising as increased in
the year ended 31 March 2024.
During the year ended 31 March 2024 the company made a net surplus of £7,374,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 9 October 2024 and signed on behalf of the board of
trustees by=
Deirdre McKenna
Director

Fairhill Youth Centre
Company Limited by Guarantee
Independent Examiner's Report to the Directors of Fairhill Youth Centre
Year ended 31 March 2024
I report to the directors on my examination of the financial ststements of Fairhill Youth Centre ('the
charity,) for the year ended 31 March 2024.
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 with the requirements of
Charities Act (Northern Ireland) 2008 (the '2008 Act,) 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 my examination of
the charity's financial statements as carried out under section 65 of the 2008 ACL In carrying out my
examination I have followed the general Directions given by the Charty Commission for Northern
Ireland under section 65(9)(b) of the 2008 Act.
Independent examiner's statement
I have completed my examination. I confim that no matters have come 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 statements 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 'true 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 Standard 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.
LJ,kK /&£.
Patrick O'Hagan
Independent Examiner
122 Main Street
Dungiven
Co Dery
BT47 4LG
9 October 2024

Fairhill Youth Centre
Company Limited by Guarantee
ststement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Other trading activities
Totsl income
64,549
64,549
13,202
77,751
44,942
11,696
13,202
13,202
64,549
56,638
Expenditure
Expenditure on charitable activities
Totsl expenditure
5,906
64,471
70,377
50,672
50,672
5,906
64,471
70,377
Net income and net movement in funds
7,296
78
7,374
5,966
Reconciliation of funds
Total funds brought forward
Total funds carried forward
7,682
14,978
7,682
1,716
78
15,056
7,682
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 7 to 15 fonn part of these financial statements.

Fairhill Youth Centre
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
13
180,519
195,506
Current assets
Debtors
Cash at bank and in hand
14
349
20,019
4,719
4,913
20,368
9,632
Creditors: amounts falling due within one year
Net current assets
15
1,140
19,228
1,207
8,425
203,931
Total assets less current liabilities
199,747
Creditors: amounts falling due after more than one year
Net assets
16
184,691
15,056
196,249
7,682
Funds of the charity
Restricted funds
Unrestricted funds
78
14,978
7,682
Total charity funds
20
15,056
7,682
For the year ending 31 March 2024 the charity was entitled 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 obtain 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 page$ 7 to 15 forni part of these financial statements.

Fairhill Youth Centre
Company Limited by Guarantee
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of trustees and authorised for issue on 9
October 2024, and are signed on behalf of the board by..
Deirdre McKenna
Director
The notes on pages 7 to 15 forni part of these financial statements.

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northem Ireland. The address of the registered office
is 3 Tirkane Road, Maghera, Co Derry, BT46 SAG.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102}l and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified 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 ability 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 funds earmarked by the directors 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 sub-classes.. restricted income funds or
endowment funds.

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 31 March 2024
Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity., it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
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 ServI￿S 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 with 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 liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates:
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitsble trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governan￿ of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is 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
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequendy ststed at cost less any
accumulated depreciation and impaimient losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impaimient losses.

Fairhill Youth Centre
Company Limitsd by Guarantee
Notes to the Financial Statements {¢ontinuedJ
Year ended 31 March 2024
Accounting policies {continued)
Tangible assets (continued)
An increase in the carrying 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 within the statement of financial activities. 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 within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asse( less its residual
value, over the useful economic life of that asset as follows-
Fixiures and fittings
Tenant Improvements
250/0 reducing balance
5 % straight line
Impaimient 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. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating 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.
Government grants
Government grants are recognised at the fair value of the asset re￿iVed or receivable. 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 received.
Where the grant does not impose specified future perfomance-related conditions on the
recipient, it is recognised in income when the grant prO￿edS are received or receivable. Where
the grant does impose specified future performance-related condttions on the recipient, it is
recognised in income only when the performance-related conditions have been met. Vvhere
grants received are prior to satisfying the revenue recognition criteria, they are recognised as a

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current 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.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, 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 derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms 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 financial activities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective eviden
of impairment at the end of each reporting date. If there is objective evidence of impaiment, an
impairment loss is recognised under the appropriate heading in the ststement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution 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 fvture payments or a cash refund.
10

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies (Continued)
Defined contribution plans (continued)
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related Se￿ICe, 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
2024
Grants
Grants receivable
64,549
64,549
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Grants
Grants receivable
3,339
41,603
44,942
other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Membership fees
Fundraising events
12,053
1,149
13,202
12,053
1,149
13,202
8,827
2,869
8,827
2,869
11,696
11,696
11

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Direct charitable expenditure
Other costs
2,468
3,438
5,906
60,714
3,757
63,182
7,195
70,377
64,471
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Direct charitable expenditure
Other costs
4,832
4,237
17,022
24,581
21,854
28,818
50,672
9,069
41,603
Expenditure on charitable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Direct charitable expenditure
Other costs
63,182
63,182
7,195
21,854
28,818
7,195
63,182
7,195
70,377
50,672
Net income
Net income is stated after chargingl{crediting)'.
2024
2023
Depreciation of tangible fixed assets
14,987
15,020
10. Independent examination fees
2024
2023
Fees payable to the independent examiner for..
Independent examination of the financial statements
1,112
890
12

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
Wages and salaries
Social security costs
Employer contributions to pension plans
34,960
540
450
12,305
35,950
12,313
The average head count of employees during the year was 3 (2023.. 3).
No employee received employee benefits of more than £60,000 during the year (2023.. Nil).
12. Trustee remuneration and expenses
None of the trustees received remuneration during the year ended 31 March 2024.
13. Tangible fixed assets
Fixtures and User defined
fittings
asset
Total
Cost
At 1 April 2023 and 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
23,584
297,800
321,384
23,194
97
102,684
14,890
117,574
125,878
14,987
23,291
140,865
Carying amount
At 31 March 2024
293
180,226
180,519
195,506
At 31 March 2023
390
195,116
14. Debtors
2024
2023
Prepayments and accrued income
Other debtors
349
4,719
4,719
349
13

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 31 March 2024
15. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
Social security and other taxes
1,140
1,140
67
1,140
1,207
16. Creditors: amounts falling due after more than one year
2024
2023
Accruals and deferred income
Other creditors
150,373
34,318
184,691
163,173
33,076
196,249
17. Deferred income
2024
2023
At 1 April 2023
Released to profit and loss account
At 31 March 2024
163,173
(12,800)
150,373
175,973
{12,800)
163,173
18. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £450 (2023.. £8).
19. Government grants
The amounts recognised in the financial statements for govemment grants are as follows:
2024
2023
Recognised in creditors:
Deferred government grants due after more than one year
150,373
163,173
14

Fairhill Youth Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
20. Analysis of charitable funds
Unrestricted funds
At
1 April 2023
At
Income Expenditure 31 March 2024
General funds
7,682
13,202
(5,906)
14,978
At
1 April 2022
At
Income Expenditure 31 March 2023
General funds
1,716
15,035
(9,069)
7,682
Restricted funds
At
1 April 2023
At
Income Expenditure 31 March 2024
Restricted Fund
64,549
(64,471)
78
At
1 April 2022
At
Income Expenditure 31 March 2023
Restricted Fund
41,603
(41,603)
15