The Charity Commission fo,- Northern Ireland Registration No. NIC103674 HOLY FAMILY YOUTH CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Tony Clarke 53 Andersonstown Road Belfast BTII 9AG
HOLY FAMILY YOUTH CENTRE CONTENTS PAGE General Information Annual Report of the Trustees Independent Examiner Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-16
HOLY FAMILY YOUTH CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 GENERAL INFORMATION CHARITY NAME HOLY FAMILY YOUTH CENTRE REGISTERED CHARITY NUMBER Charity Commission Nl NIC103674 Approved 23 Sept 2015 CHAIRPERSON George Walsh CHARITY TRUSTEE'S Claire Joudah Bronagh Diamond Marie Mclvor Mairead Walsh George Walsh Maria Wilson Lisa Mccann PUBLIC ADDRESS Holy Family Youth Centre 224a Limestone Road Belfast BT15 3AP INDEPENDENT EXAMINER Tony Clarke 53 Andersonstown Road Belfast BTII 9AG BANKERS First Trust Bank 11-15 Donegall Square North Belfast BTI 5GB
HOLY FAMILY YOUTH CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ANNUAL REPORT OF THE TRUSTEES Trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provision of the Statement of Recommended Practice ISORP) 'Accounting and Reporting by Charities, (FRS 102) in preparlng the trustees report and financial statements of the charity. Reference and Administrative Information The name of the charity's trustees at the date this report wa5 approved 3re listed on page I, together with the address of the principal off ice of the charlty and the charity's re8iStration numbers. Objectives and activities To provide, maintain a nd promote facilities and activities of a socSal, splritual, educational and recreational nature with the objective of improving the conditions of life of children and young people withln the locality of Holy Family Parish and beyond without distinction of gender, sexual orientationi pol itical, religious or other opinion. Publlc benefit statement The direct benefits which flow from this purpose include an increase in social skills, Improvement In emotional well-bein8, improved positive educational outcomes and increased spiritual development in the lives of local young people. This purpose wlll also provide improvements to overall community life. We regularly monitor the benefits through feedback and review sessions with members and parents, programs evaluations and through attendance records. Primary beneficiaries would be the young people aged between 8-25 attending the youth centre. Secondary beneficiaries would be the parents of the young people and the wider community. There is no harm relating to the delivery of our services. There is no private benefit for anv ind ivid ual as a result of our activitles. Programmlng We operate from our premises 6 evenings per week and our nightly Drop in facllity Is key as a first point of contact for a lot of the young people we work with. It is often where we can first develop the relationship to a point when personal and group development work can then take place. We try to create a relaxed and friendly atmosphere where young people can come to arbd enjoy the ompany of other young people and chat with our youth workers. The sport hall is well used with football being the main sport played although we have an equipment store that can be utilised to set up game sessions which prove very popular, especially with the junior section of the club. Crucial to the delivery of ourjunior sessions is the involvement of some senior members in volunteering their time to help out. We operate late night and weekend sessions in a bid to involve as many young people as we can and Friday nights are a particular draw when we cook a nutritious meal for those attending. Ourjunior sessions continue to be delivered to 2 distinct groups to enable us to offer the children age-appropriate sessions. These sessions were first split as a result of Covid 19 restrictions but we decided to continue to go with the split sessions as numbers were so high. Children in year 3 to year 5 were put into one group with year 6,5 and 7's in the other group.
HOLY FAMILY YOUTH CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ANNUAL REPORT OF THE TRUSTEES CONTINUED... Programming Continued ... This has proved to work very well as we were able to focus on the needs and tailor the activities to best fit each group best. Outreach and Detached Work We continued with our Outreach and Detached work which was developed and crucial over the lockdown period in keeping in touch with young people and their families. At times we were put Into the position of a de facto policing team when dealing with incidents of violence at the interfaces in the area, particularly in Alexandra Park. Thls method of engagement has proved to be very beneficial In the past year and looklng forward we will continue to utilise this form of work within our overall approach to engage with and help young people develop their skills. Communlty Events We continued to involve young people in the organisation of positive Community Events in the area throughout the year and feel that this was a key factor In the youth centres approach to working with the wider community and to help educate and involve young people in creating change within their community. It was a chance for young people to build on their social capital and to demonstrate the positive partlcipation that young people can have in their community. The Lark in the Park that has been organised each year is an event that sees young people taking on a vital role in the planning and delivery of a Community Festival in their local park. The Lark doubles up as a diverslonary event as it takes place in Alexandra Park on the 12th of July, a day that has traditionally seen a rise in tension in North Belfast. Christmas 2022 saw all the elves busy transformlng the youth centre into a walk through Wlnter Wonderland and this proved a great success with 280 children and young people attending with their families, visiting Santa and taking part in activitles on the route. Again this was an event that could not have taken place without all the young people giving their time up to organise and volunteer. Interface A5 Holy Family premise5 Slt on the main Interface on the Limestone Road and our local park in divided we cannot hide from the issues taking place. And while we can 211 agree that the Limestone area has transformed for the better over the years, we unfortunately continue to see voung people engaging in negative Sectarian behaviours at the interfaces in the area. Frorn 3 youth work perspective it saddens us to see young people making these negative choices that can have such a detrimental effect on not only their live5 and future prospects, but also on families on both sides of the interface. Our staff have worked tirelessly to create opportunities for young people to get involved in positive activitles, but quite often we are dragged away, and what seems like dragged back in time, to help deal with these incidents, often involving young people who travel to the area to cause trouble. Our message is simple- It is not wanted, so stay away if you are intent on causing trouble.
HOLY FAMILY YOUTH CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ANNUAL REPORT OF THE TRUSTEES CONTINUEO... Programmlng Contlnued .... Health and Fltness Another way we were able to engage with young people in a positive manner was the use of Sport and Fitness, especially when using the outdoor environment. We were able to use football sessions in the Waterworks Multi-sports Facility to engage with large numbers of young people over the weekends when there was a tendency for an increase in negative and perceived anti- social behaviour in the parks and at the interfaces in the area. With other sessions incorporating boxing sessions with Newington Patsy Quinn Gym, mountain biking, treks in the hills, coastal walks and park activities we were able to safely engage with young people and their families and better appreciate the local outdoor environment, and with the beautiful Cavehill literally on our doorstep we find it a great place for young people land staff) to challenge themselves both physically and mentally to take on the hill. It has also proved to be a great place for a bit of reflection, Fundlng We were able to receive funding from Belfast City Council for a number of events such as the Lark in the Park and our Winter Wonderland event and for an environmental project in Alexandra Park. The Lottery also supported us with two grants in this period which we will still be delivering over the next year. During the second half of the year we were also faced with the real possibility of our servlces being curtailed and restricted as a result of a 25Yo Cut to funding that was put onto the voluntary and community sector. During this period young people took part in protest rally's and demonstrations where they articulated their feelings on cut5 that would ultimately affect their services and see the reduction in our opening hours. Going forward we will be looking to further diversify our sources of funding to ensure there is no over reliance on one source of funding. Stafflng In October 2022 we welcomed BJ McKevitt as Senior Youth Worker following the retirement of Martin Kelly, following his 18 years at the helm and we would like to put on record our thanks to him for his service over this period and wish him well in the future. At Holy Family we recognise the importance of encouraging continuous Staff Training and Skills Development and keeping up with up to date with training in regards to child and youth development and child protection legislation. We do this by supporting staff financially, the development of a resource library and by offering vocational training courses. In the past year we have had 3 members of staff attending Ulster University completing their Community Youthwork degree and 2 young people supported through Dept for Communities Jobstart Scheme.
HOLY FAMILY YOUTH CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ANNUAL REPORT OF THE TRUSTEES CONTINUED... Premises and Resources Our premises on the Limestone Road are crucial for us to deliver our youth and community work and during this period we were successful in submitting an application for capital works to the Department of Education. Our initial plan was to split the sports hall and build a new level that would accommodate additional groupwork space and a dance studio but this was deemed to be outside the realms of the work so we will be changing the layout of the ground floor to better suit the work for the future. This work will include the installation of a working kitchen and relocation and im provements to our toilet facil ities. Although we were succe55ful in our appllcation for the refurbishment it seems that due to budgetary matters no work will be commencing in the foreseeable future, We therefore have had to carry out some minor maintenance works ourselves when required to help maintain a safe and welcoming environment. Our minibus, received in January 2022 has also proved to be an invaluable resource for us, particularly over the summer months and when young people are off school. We have also been very fortunate through a serie5 of successful funding applications to enable us to replace and renew old pieces of equipment and to identify and purchase further equipment for us to engage best with young people and the wider community. One issue we are having with these resources is where to store them as we would have limited storage space in the youth centre, An issue to look into, but a good one to have I Financial review The results for the year are set out on page 8 & 9. The charity returned net outgoing resources for the year of £3,822 {2022:£17,8881. At 31 March 2023 the total funds of the charity amounted to £47,09312022'.£43,271) of which restricted funds were £14,92012022:£10,3791 and £32,173 12022..£32,892} were unrestricted. Reserves pollcy and golng concern Of the total funds reported above, £39,4961s made up of cash at the bank. The trustees are confident that the cash reserves, tO8ether with expected future incomes, will be sufficient to meet the worklng capital requirements for the forthcoming year. The trustees have also considered the extent to which existing activities and expenditure could be curtailed, should the need arise.
HOLY FAMILY YOUTH CENTRE FINANCIAL STA I EMENTS FOR TklE YEAR ENDED 31 MARCH 2023 ANNUAL REPORT OF THE TRUSTIES CONTINUED... Plan for the future To maintain the same level of seirvices in the ar•a. Structure, governance ar7d management Holy Fani ily is a r'egistered chtsrity, num be" Ni ICII)3674 and Is governecl bil it coiistitution. New trustees are appointed wheii ap[Iropriate. Sui+able caiio'idates abe considered on the b3sis of their skills, experience and sympaihy witli ihe aims of thL' charity. New trustcJe5 will be agreed at a trustees meeting before being iniiited to join. Responslbllltles of Trustees As the charity's trustees we are aware of our responsibilitles for the preparation of the accounts It Is also our responsibility to: select sultable accounting policies.and then apply them consistently make judgements and estimates that are responsible and prudent prepare the financlal statements on the going concern basis unless it IS inappropriate to presume that the company *111 continue in business. The Trustees are responsible for keeping adeqijate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with CCNI guidelines. The Trustees are also responsible for safe8uarding the assets of the charity and hence to take reasonable st.ep5 to prevent arid detect fraud and other irregLJlarities. Disclosures of Informatlon to Independent Examiners To the knowledge and belief of the Ti'ust'ees there is no relevant information of which the organisation's independeiit examirieraf dre not aware, The Trustees have takeii all the.necessary steps of which they are aware, p", oijided relevant informatiori and eslablished that the organisation's independent exaininers are aware of the information. signed on behalf of the board of the Trusiees George Walsh Chairperson Date
HOLY FAMILY YOUTH CENTRE FINANCIAL STATEMENTS FOR THE YEAR INDED 31 MARCH 2023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY FAMILY YOUTH CENTRE ON THE UNAUDITED FINANCIAL STATEMENTS I report on the accounts of Holy Family Youth Centre for the year ended 31 March 2023, which are set out on pages 8 and 9. Respectlve responsibilities of charlty tru5tee5 and the examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland} 2008. It is my responsibility to: exarrine the accounts under section 65 of the Charities Act follow the procedure5 laid down in the general Directions given by the Commission under sectlon 65191(b> of the Charities Act state whether particular matters have come to my attentioi). Basis of Independent Examlner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under sectlon 65(9){b) of the Charities Act, My examinatlon Included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It was also included consideration of any unusual items or disclosures In the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 63 of the Charities Act That the account5 do not accord with those accounting records That the accoL)nts do not comply. with the accounting requirements of the Charities Act That there is further information needed for a proper understanding of the accounts to be reached, Independerit examinerfs Statement I have completed my examination and have no concerns in respect of the matters11) to (41 listed above and, in connection with followlng the directions of the Charity Commission for Northern Ireland, I have found no inatters that require drawing to your attention. Tony Clarke 53 Andersonstown Road Belfast, BTII 9AG Date:
HOLY FAMILY YOUTH CENTRE FIANCIAl STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) Year to 31-Maf-23 TOTAL Year to 31-Mar-22 TOTAL Unrestricted Restricted Note Income from: Generated Funds Charitable Activities 185,073 185,073 24,326 238,733 75,721 24,326 Total Income 24,326 185,073 209,399 314,454 Expenditure on: Cost5 of Generating funds,, Charitable Activities Governance Costs Total Expenditure: 30,732 1,405 32,137 173,440 204,172 1,405 205,577 294,672 1,893 296,566 173,440 Net Income / {Expendlture) {7,811) 11,633 3,822 17,888 Transfers between funds 7,092 17,092) Net movement In funds {7191 4,541 3,822 17,888 Reconclllation of Funds Total funds brought fonvard 12 32,892 10,379 43,271 25,383 Total Funds carried forward 12. 32,173 14,920 47,093 43,271 The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities, The notes on page 10 to 16 form an integral part of these accounts
HOLY FAMILY YOUTH CENTRE FINANCIAL STAI EMENTS FOR TAL I'EA9 ENDED il MARC14 2023 BALANCF. SHF.ET 2023 2022 Note Fixed Assets Tangible Fixc.d A).set< 14,'J02 74,4Q2 78,125 78,125 Current Assets Cash at bank Debtors 39,496 35,333 39,496 35,333 Creditors: amounts fallln8 dup within gne year (5,097) 16,2611 Net Current Assets 34,399 29,071 Long Term liabilities Government Grant 11 161,708) {63,9241 Total Assets le55 Liabilltles 47,093 43,272 Funds Restricted unrestrictè.d 12 12 14,920 32,173 10,379 TOTAL FUNDS 47,093 43,271 The financial statements were approved by ihe board of dircctors on were signed on their LJe4alf by.. 202<......... and George W£ilsh Trustee Date
HOLY FAMILY YOUTH CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARC.H 2023 NOTES TO THE ACCOUNTS l Accounting pollcies Charlty information Holy Family Youth Centre is a private company limited by guarantee incorporated in Northern Ireland. The registered office is: NeiNinEton Youtli Club, 224A Limestone Road, B&lfast, BT15 3AP. 1.1 Accountlng conventlon The financial statements are prep31.ed under the historical cost convention and comply with financial reportir)g standards for Smaller Entities and the Statement of Recommended Practice 150RP) Accounting and Reporting by Charities" effective January 2015, This has been adopted in these financial statements. The principal accounting policies are set out below, The financial statements are prepared in sterlingi which is the functional currency of the charity. Monetary amounts in these flnanclal statements are rounded.to the nearest £. The financial statements have been prepared under the historical cost convention, modified to Include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value, The principal accouiiting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation ihat the charity has adequate resources I'o coritinue in operational existence for the foreseeable future. Thus the trustees continue to adopt the golng concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors a5 to how they may be used. 1.4 Incomlng resources Income is recognised when the charity is legally entitled to it after any performance condition5 have been met, the amounts can be measured reliably, and it is probable that income will be recelved. Cash donations are rpcognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Turnover is measured at the fair value of the consideration received or receivable and repre5LJnts amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. 10
HOLY FAMILY YOUTH CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE ACCOUNTS CONTINUED... 1.5 Resources expended Lia bilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. The charity is below the charity audit threshold and therefore is exempt from reporting expenditure on an activity basis. The charity has opted to report by the nature of expenditure rather than on an activity basis. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognlsed so as to wrlte off the cost or valuation of assets less their residual values over their useful lives on the following base5'. Capital Equipment 50 years straight-llne 25% reducing balance 1.7 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments Wlth original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wlth in borrowings in current liabil ities. 1.8 Flnanclal Instruments Financial instruments are recognised in the charity's balance sheet when the charity becomes party to contractual provisions of the Instrument. Financial assets and liabilitles are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously 11
HOLY FAMILY YOUTH CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE ACCOUNTS CONTINUED... 1.9 Basic fina ncial assets Basic financial 3ssets, whicli include debtors and cash aiid bank balances, are initially measured at trartrsaction price including transaction costs and are subsequently carried at amortised cost usin8 the effective irtterest method unless the arrangement constitutes a financing tiansaction, where the transaction is measured at the present Vdlue of the future. receipts discounted at a market rate of interest. Financial d55ets classified as receivdble wit4in one year are not amortised. 1.10 Basic finartcial liabllities Baslc f Ina ncial liabilities, includi ng creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value af the future payments discounted at a market rate of interest. Financial liabilities classified a5 payable within one year are not arnortised. Debt instruments are subsequently carried at amortised cost, uslng the effective interest rate method. Trade creditors are obligations to pav for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are cla55ified a5 current liabilities if payment is d ue withln one year or less. If not, they are presented as non-current liabilities, Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 1.11 Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.12 Employee beneflts The cost of any unused holiday entitlement Is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charlty is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.13 Crltlcal accounting estlmates and Judgements In the appllcation of the charltV'J accounting pollcies, the trustees are required to make judgements, esl.'imates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other source.s. The estiinates and associated assLimptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on80ing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 12
HOLY FAMILY YOUTH CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE ACCOUNTS CONTINUED... 2 Generated Funds . 2023 2022 Unrestricted Restricted Funds Funds TOTAL TOTAL Education Authority Belfast City Councll Big Lottery CFNI & Other Grants DFC Grant Release Totals 2023 137,453 5,550 15,420 15,152 9,283 2,216 185,073 137,453 5,550 15,420 15,152 9.283 2,216 185,073 223,013 5,209 7,795 500 2,216 238,733 Totals Z022 61,207 177,526 238,733 3 Activities for eneratln funds 2023 2022 Unrestrlcted Restrlrted Funds Funds TOTAL TOTAL Generated income Donations Totals 2023 24,226 100 24,326 24,226 100 24,326 67,317 8,404 67,317 Totals 2022 67,317 67,317 4 Staff Costs and Numbers 2022 Wages and Salaries 130,489 130,489 108,741 108,741 No employee received emolumLnt.s of more than £60,00012022: None) The average mcnthly number of eniployees during tlie year, calculated on the basis of full time equivalents, was as follows., 2023 Number. 17 2022 lumber 20 13
HOLY FAMILY YOUTH CENTRE FINANCIAL JTATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE ACCOUNTS CONTINUED... 5 Ex enditure on charitable activities Analysis of resourLes expended 2023 2022 Unrestricted Restrlcted Funds Funds TOTAL TOTAL Wages and Cleaning Office Expense Heat & Light Telephone & Internet Insurance Postage & Stationary Training & Courses Repairs & Renewals Programme Costs Travel, Transport & Vehicle Expense Depreciation Equipment Donations Sanitary products PPE Total 2023 859 1,464 436 512 618 328 1,820 895 15,056 6,846 1,505 393 129,631 130,489 1,464 3,595 2,620 3,707 328 1,820 2,100 47,088 6,846 3,721 393 108,741 3,825 3,015 1,123 3,641 499 5,140 2,950 90,403 44,191 4,423 25,773 300 372 274 294,672 3,159 2,108 3,089 1,205 32,032 2,216 30,732 173,440 204,172 Total 2022 119,743 174,929 294,672 6 Accountancy Bank Fees Total 2023 720 685 1,405 720 685 1,405 1,200 693 1,893 Total 2022 1,893 1,893 14
HOLY FAMILY YOUTH CENTRE FINANCIAL STATEVIENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE ACCOUNTS CONTIN'JED... 7 Tan Ible Fixed Assets Other Motor Ca ui Total COST At l April 2022 Additlons Disposals 80,790 6,529 25,918 113.237 At 31 March 2023 80,790 6,529 25,918 113,237 DEPRECIATION At l April 2022 Charge for the year Ellmlnated on dlsposal 11,088 5,515 253 18,510 1,852 35,113 3,721 At 31 March 2023 12,704 5,768 20,362 38,835 NET BOOK VALUE At beginning of period 69,702 1,014 7,409 78,12S At 31 March 2023 68,086 760 5,556 74,402 8 Debtors 2023 2022 Grants Receivable Prepayments 9 Creditors 20Z3 2023 Payroll PAYE Trade Creditors Accruals & Deferred Income 3,897 1,200 5,097 5,061 1,200 6,261 10 Inde endent examiner's remuneration The independent Examiner'5 remuneration amounts to an Independent Examination fee of £720 (2022 - £7201 15
HOLY FAMILY YOUTH CENTRE FINANCIAL STATCMENTS FCR THE YEAR ENDED 31 MARLH 2023 NOTES TO THE ACCOUNTS CONTINUED... 11 Government Grants Goverri rrient grants b.ave been ¢iisclosed in tkie finaiicial statement in line with the SSAP 4 di5c105ur: requirements. Governnieiit gri¢ nt5 ijre recognised in the profit and locs aiCOL4nt in an appropriate manlier that matches them with the nxpe.nditure towards ivhich they 3re intended to contribute, Grant. towards fixed a55ets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the a55et concerned. All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with. 2023 2022 Long Term Llabllltles Government Grant for New Build- DOE and EA Grant Released Balance c/f 63,924 2,216 61,708 66,140 2,216 63,924 12 Funds Balance at Movement in Resources Transfer of Balance at l April 22 Incoming Out oin Funds 31 March 23 Restricted funds Education Authority Belfast City Council DFC Big Lottery Grant Release Co-op Ireland Department of Education Total restricted funds 6,958 3,421 137,453 5,550 9,283 15,420 2,216 2,603 12,549 185,073 1140,7391 15,5501 19,2831 15001 {2,2161 {2,6031 (12,5491 {173,440} 13,671) 13,421) 14,920 10,379 17,092) 14,920 Unrestricted funds General 32,892 32,892 24,326 24,326 132,137) (32,137) 7,092 7,092 32,173 32,173 Total net 355et funds 25,384 209,399 (205,577) 47,093 13 Post-Balan¢e Sheet Events Nothing to report. 14 Related Partles The Charity does not have any related parties, IS Trustees remuneration & ex enses During the year, no Trustees received any reinuneration {2022- £NILI. During the year, no Trustees received any benefits in kir,d12022 £NIL). During the year, no Trustees received any reimbursernent of expense512022- £NILI. 16