Youth Link Nl Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) Year ended 31 March 2023 2023 Reslricled ftjnds Total funds 2022 Un￿t¥1¢ted fijnds Total funds Note Income and endowments Donations and legaues Charitable activities Other Irading acliwties Investment income (Xher income 1,853 235.275 16,151 1,932 4,699 1,853 572.924 16.151 1,932 4,699 560 1,072,827 20.000 424 1.212 337.649 Total income 259.910 337.649 597.559 1,095,023 Expendltur¢ Expenditure on charitable actimties Total expenditure 10 388,603 369.078 757.681 1.126.250 388,603 369,078 757.681 1.126.250 Net expenditure {128,6931 (31.429) (160,122) {31,227} Transfers belween funds (6.7241 6,724 Net movement in funds (135.417) (24.705) {160.1221 (31,227) Recon¢lllatlon of funds Total funds broughl fo￿ard Total funds carrlod forward 1.021.410 44.319 1.065,729 1.096,956 885.993 19.614 905.607 1.065,729 The statement of financial activities indudes all gains and losses recogni8ed in the year. All income and expenditure der6ve from continuing aGlivilies. 21 Youth Link Nl Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Fixed assets Tangible fixed assets 15 490,629 566.618 Current assets Debtors Cash at bank and in hand 16 243,325 215,151 299,184 410.291 458,476 709,475 Creditors: amounts falling due within one year Net current assets 17 43.498 210,364 414,978 499,111 Total assets less current liabilities 905,607 1,065,729 Net assets 905,607 1,065,729 Funds of the charily Restricted funds Unr8stricted funds 19.614 885.993 44,319 1,021,410 Total charity funds 20 905,607 1,065,72g These financial statements have been prepared in accordan{￿ Mrilh the prowsions applicabl8 10 COTnpanies subject lo the small companies, regime. These finan￿al statements were approved by the board of trustees and authorised for issue on 13 September 2023, and are signed on behalf of the board by.. D Mcwall {Treasurer) Trustee D Kelly {ChaiTperson) Trustee Youth Link Nl Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2023 2023 2022 Cash flows from operatFng activities Net expendilure {160.1221 (31,2271 Adjusfments for.. Depreciation of tangible fixed assets Olher interest receivable and similar income Inleresl payable and similar charges 77.412 {1,9321 565 78,053 (424) 917 Changes in.. Trade and other debtors Trade and olher credilors 55,859 {166.8661 {195,084) 14.7471 (55,683) {13,111) Cash generated from operalions Interest paid Interest received (5651 1.932 19171 424 Nel cash (used inyfrom operating activilies 1193,7171 {13,604) Cash flows from investlng a¢￿vItIeS Purchase of tangible assets Net cash used in investing activities {1,423) {1,4231 (1,182) (1,182) Net {decreasellincrease in cash and cash equlvalents Cash and cash equivalgnts at baglnnlng of year Cash and cash equivalgnts at end of year 1195.140) 410.291 114,786) 425,077 215,151 410,291 23 Youth Link Nl Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General information The ch8rity is a public benefit entity and a privale company limited by guarantee. registered in Northern Ireland 2nd a regislered charity in Northern Ireland. The address of the registered office is Farsel Enterprise Park. 638 Springfield Road. Belfast, BT12 70Y, Northem Ireland. Statement of complian¢e These financial slalements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Irel8nd', the Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republi¢ of I￿land IFRS 1021 (Charities SORP IFRS 102}} and the Charities Act (Northem Ireland) 2008. Y￿th Link Nl meets the definilion of a public benefit entity under FRS 102 Accountlng 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 al fair value through income or expendtture. The financial statements are prep8red in steding. wh￿h is the functional currency of the entity. Going concem There are no material uncertainties atx)ut the charity's ability to continue. Judgements and key sources of estlmatlon uncertalnty The preparation of the financial ststemenls requires management lo make judgements, estirnales and assumptions that affect the amounts reported. These eslimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Fund accountlng Unrestricted fvnds are available for use at the discrelTron of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or commllmenl. Restricted funds are subjected lo reslrictions on their expendilure declared by Ihe donor or through the terms of an app8al and fall into one of two sut￿da$S8s'. restricted income funds or endowment funds. 24 Youth Link Nl Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2023 Accountlng pollcles (toniiftuedj Incomlng resources All incoming resources are included in the slalemenl of finan￿al activities when enlillem8nt has passed to the charity- il is probable that the economic benefits associated with the transaction will flow lo the charity and the aFnounl Can be reliably measured. The following specific policies are applied to particular calegori8s of income.. Income from donalions or granls is recognised when there is evidence of entiuement lo the gift. receipt is probable. and its amount can be measured reliabEy. legacy income is recognised when receipt i8 probable. and entitlemenl is established. income from donale(I goods is measured at the fair value of the g(x)ds unless this is impractical lo measure reliably. in which case the value is derived from the cost lo the donor oi the eslimaled resale value. Donated facrlities and services are recognised irk the accounts when received if the value can be reliably measured. No amounts are included for Ihe contribution of general volunteers. income from contracts for the supply of semces is recognised with the delivery of the conlracled service. This is Glassified as unrestricted funds unless there is a Contractual requirement for it lo be spent on a part￿lar purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended. Expenditure is re￿nised on an accruals basis as a liability is incurred. Expendilure includes any VAT which cannot be fully recovered. and is dassified under headings of the statement of financlal activities to which il relales.. expenditure on raising funds includes the costs of all fundraising activtlies, events, non- charitable trading activities. and the sale of donated g(Mids. expenditure on charitable activits'es indudes all costs incurred by a charity in undertaking activities that further tts charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of Ihe charily apportionad to charttable activities. other expenditLFre indudes all expendtture Ihal is neither related to raising funds lor the charity nor part of ils exp&nditure on chartl8ble activiti8S. All costs are allocated to expenditure calegories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apporhoned belween the activities they contribute lo on a reasonable, justifiable. and consislenl b8SIS. Tanglble assets Tangible assets are initially recorded at cosl, and subsequently slated al cost less any accumulated depreciation and impairment losses. Any tangible assets carrted at revalued amounts are recorded al the fair value al Ihe date of revaluation less any subsequent accumulated deprecialron and subsequent accumulaled impainrtent losses. 25 Youth Link Nl Company Llmited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2022 Accounting policies iconiinu¢dJ Tanglble assets {contlnuedJ An increase in the carrying amount of an asset as a result of a revaluation, is recogni5ed in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recogllised as expendilure 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 th8 Statement of financial aclivilies. Depreciatlon Depreciation is calculated lo write off the cost or valuation of an assel. less its residual valu8, over the useful economic life of ihat asset as follows.. Freehold property Fixtures and fillings Equipment Straight line over 20 years 15% straight line 33% straight line Impalnnent of flxed assels A review for indicators of impainnenl is carried out al each reporting dale. with the recoverable amount being estimated where such indicators exist. Where the carrying value eX￿edS the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal al each reporting date. For the purposes of impairment lesling, when il is nol possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount ol the cash- generating unil to which the asset belongs. The Cash￿eneratIng unit is the smallest idenlifiable group of assets that includes the asset and generates cash infiows that largely independent of the cash inflows from other assets or groups of assets. For impairment le5tlng of goc¥Jwill, the goodwill acquired in a business combination is. from the acquisition date, allocated to each of the cash-generating units that are expected lo benefit from the synergies of the combination, irrespecttve of whether other assets or liabilities of the charity are assigned to those units. Defined contribution plans Contributions lo 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 extenl that the prepayment will lead lo a reduction in future payments or a cash refund. When contributions are not expected lo be sellled wholly within 12 months of the end of the reporting dale in which the employees render the related serv¢ce, the liability is measured on a dls¢ounled present value basis. The unwtnding of the di%count is recognised as an expense in the period in which tt arises. 26 Youth Link Nl Company Limited by Guarantee Notes to the Financial Statements (contthued) Year ended 31 March 2023 Llmlted by guarantee Each of the members of the company has guaranteed lo conlribute to the assets of the company in Ihe event of Ihe same being wound up to the exlenl of £1. Donatlons and legacles Unrestricted Total Funds Unrest¥icled Total Funds Funds 2023 Funds 2022 Donations Donations 1,853 1,853 560 560 Charitsble activities Unrestricted Funds Restricted Total Funds Funds 2023 The Methodisl Church in Ireland The Presbyterian Church in Ireland The Churth of Ireland The Roman Catholic Church in Ireland Education Authority Degree Programme Belfast City C￿nCil Irish Youth Foundalion Course fees Nl Community Relations Council Irish American Partnership European Union Programme for Peace & Reconciliation 2014-2020 European Union Programme for Peace & Reconciliation 2014-2020- Partner Organisations The Rank Foundation The Executive Office 11,523 11,523 11,523 23,045 11,523 11,523 11.523 23.045 49,303 136,161 160.000 6,000 33,601 55,694 7,900 49,303 136.161 160.000 6,000 33,601 55,694 7.900 352 352 (17,684) 34,000 49,984 117,684) 34,000 49.984 235,276 337,649 572.925 27 Youth Link Nl Company Limited by Guarantee Notes to the Financial Statements fconllnuedj Year ended 31 March 2023 Charitable activities (continuedj Unrestricted Funds Restricted Total Funds Funds 2022 The Methodist Church in Ireland The Presbyterian Churth in Ireland The Chijrch of Ireland The Roman Catholic Church in Ireland Education Aulhorily Degree Programme Belfast City Council Irish Youth Foundation Course fees Department of Foreign Affairs & Trade - Reconciliation Fund Nl Community Re18tions Council Irish American Partnership European Union Programme lor Peace & Reconciliation 2014-2020 European Union Programme for Peace & Reconciliation 2014-2020- Partner Organisations Department for the Economy- Incentive Payments The Executive Office 11.296 11.296 11.296 22.592 11,296 11,296 11,296 22.592 213.009 212.379 16.000 6,500 17,920 213,009 212,379 16.000 6,500 17,920 60,952 43,497 7.197 60.952 43.497 7,197 168.517 168,517 218,209 7.568 44,599 218.209 7.568 44,599 286.779 786,048 1,072,827 Other trading activiti¢s Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Rental of facilities 16.151 16.151 20,000 20.000 Investmenl income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest 1.932 1,932 424 424 other Income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Other incnme 4.699 4,699 1.212 1.212 28 Youth Link Nl Company Limited by Guarantee Notes to the Flnancial Statements fcontinuedj Year ended 31 March 2023 10. Expendlture on charltable actlvltles by actlvlty type Actwities undertake diTeclly Support costs Total funds 2023 Total fund 2022 Youth Work & Ministry Govemance costs 615,890 130.874 10,917 746.764 10,917 1.113.450 12,800 615.890 141.791 757,681 1,126.250 11. Analysis of support costs Youth Work & Ministry Total 2023 Total 2022 Staff costs Premises Communications and IT General office Governan￿ costs 11.637 100.884 11.338 7,015 10,917 11,637 100.884 11,338 7,015 10,917 11,072 97.967 13,272 19.042 12.800 154.153 141,791 141,791 12. Net expenditure Nel expenditure is slated after chargingl{crediling): 2023 2022 Deprecialion of tangible fixed assets Fees payable for the audit of the financial statements 77,412 5,952 78,053 7,560 13. Stsff costs Th8 lolal staff ujsls and employee benefFts for the reporting period are analysed as follows.. 2023 2022 Wages and salaries Social security costs Employer contributions to pensh)n plans Redundancy costs 362,942 29.575 31,617 11,626 463.976 35,682 39,758 48,676 435,760 588.092 29 Youth Link Nl Company Limited by Guarantee Notes to the Flnanclal Statements (¢On1￿ue￿j Year ended 31 March 2023 13. Staff costs {conllnu8d) The average head count of employees during the year was 12 (2022.. 18)- The average number of full-time equivalent employees during the year is analysed as follows- 2023 No. 2022 No. Permanent employees Employees on fixed temi contracts 10 15 No employee received employee beneffts of rnor9 than £60.(KK) during the year (2022.. Nil). Key Management Personnel Key management personnel include all persons thal have authority and responsibility for planning, directing. and controlling the activities of the charity. The lotsl compensation paid to key managemenl personnel for services provkled to the charity was £235,536 (2022.. £258,596). 14. Trusteo remuneration and expenses The charity Iruslees were not paid or received any other benefits from employmenl with the Charity in the year12022: £NIL). No Trustees were reiml)ursed travel expenses during the year. {2022=NIL). During the year Ihree truslees received payment for professional or other services supplied to the charity lotalling £2.383.80 {2022= 3 trustees- £2.105.001. 15. Tanglble flxed assets Freehold Fixtures and property riltings Equipment Total Cost At 1 April 2022 Additions Disposals At 31 March 2023 1.450,768 92.160 63,558 1,423 {8.8611 56,120 1,606,486 1,423 {8,861) 1,599.048 1,450,768 92,160 Depreclatlon At 1 April 2022 Charge for the year Disposals At 31 March 2023 891,875 72.543 89.730 952 58.263 3.917 18,8611 53,319 1,039.868 77.412 {8,861) 1,108.419 964.418 90.682 Carrying amount At 31 March 2023 486,350 1,478 2.801 490,629 At 31 March 2022 558,893 2.430 5.295 566,618 30 Youth Link Nl Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2023 16. Debtors 2023 2022 Trade debtors Prepayments and accrued income Other debtors 39,572 30,523 173.230 12.994 25.097 261,093 243.325 299,184 17. Credltors: amounts falling due withln one year 2023 2022 Trade creditors Accruals and deferred income Social securily and other taxes Other creditors 1.549 40,812 1,273 194.962 10.628 3,501 1.137 43.498 210,364 18. Deferred income 2023 2022 At 1 April 2022 Amount released to income Amount deferred in year At 31 March 2023 75,285 {75,285) 32,363 89,642 (89.642) 75.285 32.363 75,285 31 Youth Link Nl Company Limlted by Guarantee Notes to the Financlal Statements (continued) Year ended 31 March 2023 19. Penslons and other post4etirèment benefits Deflned contrlbutlon plans The amount rec