Newstirt Li duention Centre Statenieiit of foinaThcial Activities ancoi-poratin an Income and Ex for tlie Yeg4r Lnded 31 Marcli 2023 enditiii'e Account 31.3.23 Total funds 31.3.22 Total funds Utll'esli'iLled Resli"icted fiiiids Notes INCOMI AND ENDOWIIqE< NTS FROM Chai'itable activitie5 Gi-]1$ Receivable Otliei" Iiicoinc 270,652 156,204 426,856 533,539 3,385 Other tt'adiiig activities 19,476 Total 270,652 156,204 426,856 5_56,400 EXPENDITURE ON Cliaritable x¢livities Direci Cliarilable Expeiidilui'e Govcimance 357,505 i.716 192,994 550,499 513,187 3,768 Total 361,221 192,994 554,215 516,955 NET tNCOMEI(EXPEI NDITURE) (90,569) (36,790) (127.359} 39,445 RECONCILIATION ofi fiUNDS Total fuiids broi)ght foiward 177,619 45.654 223,273 183,828 TOTAL fl UIYDS CARRIEI D fiORWARD 87,050 8,864 95,914 223,273 The notes forni pait of these financi81 slateineiits PagL 10
Newstart EducatAoIi Centre Staternent of Finaiicial Position 31 tllarch 2023 31.3.23 31.3.22 Notes 4JXCD ASSETS Tangible assets 10 7,710 9.637 CURRENT ASSETS Debloi's Cash al bank 24,500 81,683 132,279 87,525 106.183 219,804 CREDITORS AIiioLiiils lallii)g diie within one yeai. 12 (17,979) {6,168) NII T CUIiREI NT ASSETS 88.204 213,636 TOTAL ASSEI TS LESS CURRETr4T LIABILITIES 95,914 223.273 NEI T ASSETS 95,914 223,273 FUNDS Uiii'esti'icted hinds Resh'ictcd ftiiids 14 87,050 8,864 177,619 45,654 'roTAL fiUNDS 95,914 223,273 Tlie cliai-itable coiiii)aiiy is eiititled lo exeii)plion froi)i audit iiiidei. Section 477 of the Coinp¢inies Act 2006 foi. Il)e yeai. elided 31 Mai-cli 2023. The Iiien)bers liave Iiol i'eqLiired Ilie coiiii)any lo oblaiii ali aiidil of its fiiiaiieial staleiiienls foi. Ilie year elided 31 Mai-cli 2023 iii accordaCe witli Section 476 ofthe Comi)&iiies Act 2006. The Iriislecs ackiiowledge Ilieii. responsibilities foi. eiisui'ing tljal tlie chai'itable coinpaiiy keeps Iiccoiinliiig records tl)al coiiiply will) Section5 386 ciiid 387 of the Coinpiinies Act 2006 and prci)llrsng f111aiicixl slateiiienls whicli give l< aud fair view of the slate of affaii's of the ch(iril<ible Conipany as at the end of eacli fiiiancial yeai. and of ils suiylus oi. deticil foi. each linaiicial yeai. in cLcordan¢e with the iequii'einenls of Sections 394 and 395 and wkll'cl) oil)envise coiiiply willi the i'eqiiii'eineiits of Ili¢ Coiiipaiiies Act 2006 j'elaliiig lo financial stateii)ei)Is. so fai. as applicable to Ilie cliarilable COliiPEJIIy. (b) Tlie notes lor]ii part of Ihc,%e finaiicial stat¢meiils Page 11 conliiiued...
NeM'sl21't Ei duc4qtion Centj-e Statemeiit of Fijiancial Position- continued 31 Ivlai'ch 2023 Tliese finaiicial slatemeiils liave beeii prepai'ed iii accoi'dance willi Ilie pi'ovisiuns applicable lo cl)arilabl¢ coinpaiiies subject lo the siiiall compaTiies I'egiine_ The finaiicia5 slatei)ients wei'e appi'oved by Ilie Board of Ti'uslees aiid autlioi'ised foT issiie on l DeceLiibei' 2023 1¢ ijd wei'e Si)ed 011 ils btlialf by.. Mi. J Doi)iielly - Trustee MJ, ILJ Mi. M A Copelaiid- Tiustee The iiotes fonii part of these financial slaleinenls Pagc 12
Neivst8rt diication Centre Notes to tlie fl inanci81 St2tenients- continued for the Year li nded 31 M2rch 2023 ACCOUNTING POLICIEI S- continued Related party exomption Tlie cliaritable coiiipaiiy l)as lakeli advantage of exeinplion, linder tlie leiins of Finaiicial Repoirting Staiidard 102 'Tlie fiiiaiicial Repoi-liiig Siaiid<2rd ryi pplicable iii Ilie UIC Iiiid Repiiblic of Ti'elaiid,, iiol lo disclos¢ i-elaled paity Ii'aiisaclioiis witli wholly owiied siibsidiai'ies williin Ilie gi-oup. 'raxation Tl)e coiiipany is a retsistci'ed cl)aiity ii no so siicli is eiitilled to certain lax exeiiiplions on iiicoiiie l< lid pi'ofils froiii invesliiieiits aiid swpliises oli dny Iradiiig activities cajried on iii futlhei'anee of Ilie cliarity's pi'illl<ll"y objectives, if tliese profits Iiiid suiyliises al'e 7¢ pplied solely foi. c1181'1table piii'poses_ Fiind ACLnuntiiig The coiiipany lias VÉ21iOilS types of fiiiids foi. which il is i'esponsible and whicli irquiie sei)a121c disclosiii'e. A defiiiition of Ihe vai'ioiis typeb Ot. fuiids is as follows: (i) Resti'kcted ftinds.. Fliiids received wliich al'e earinai'ked by the doiioi. for specific purposes. Siicli PLlI'I)o.£e8 are within the ovei'all aiiiis of Ilie coinpany. lil) Unresti-icled funds.. Fiinds whicli al'e expendable at the disci'etioii of the dii'ectoi's wliicli liave been deSiated foi. specific piuposes ii) fuitl)eT4iiice uf the objects of the chaiity- Pension costs aiid otliei. post-retirement benefits The cl]-table coinpaiiy opei'ates a defined coiili'ibulioii pensioii sclieine. Conli'ibiitioiis payable lo Ilie chaiilable company's pensioii scheiiie aTe cliarged to the Sialeiiient of Fiiiaiicial Activities iii the pei'iod to wliicli tliey i'elate. 0THER'fRADG ACTIVITIES 31.3.23 31.3.22 HMRC- CJRS 19,476 coiitiiiued...
NeJYstArt Education Centi-e Notes to the r(illancial Statements - continued for tlie Yeai- Ended 31 March 2023 INCOME FROM CHARITABLEI ACTIVITIES 31.3.23 31.3.22 Activity Grants Receivable Otl)er Inco)ne Gi-21)Is Oihej. liiconie 426,856 533,539 3.385 426,856 536,924 Giaiils received, included iii the above, al'e as follows.. 31.3.23 31.3.22 Depaitiiienl toi. Coii)iiiunilies Ed(Icatioii ALltlioi-ily BCC 35,207 251,534 3,996 850 2,345 35,228 19,500 14,250 34,862 9,966 11,000 1,200 918 6,000 31,270 291,250 Active Coiwiiuiiities Peace IV 'riie Big Lottciy Fund Departtnenl foi- Coinjlliiiiiles - Addition31 Education Aulliority - Ti'ainii)g Conimuiiity Foundation Noilliei"ii Ireland Awai ds t"oi' All Pathway Fiiiid NFU MUal ASDA Nl Allematives 1,295 116,428 45,000 34,863 426,856 533,539 CHARITABLE ACTIVII'IES COSTS Support costs (,%ee Iiote 5) Dii'ecl Cosls Tota15 Direct Chc1rilable Expeiiditui'e Gove11)ance 550,499 550,499 3,716 3.716 550,499 3,716 554,215 P8ge18 conli31ued...
Neivstart Education Centre Note5 to the Fin211¢121 Stat¢ment$ - LontiJ)ued foi" the Year Ei nded 31 Mai'ch 2023 SUI)PORT COSTS Goveinaiice costs Goveimatice 3,716 NET INCOMfi l(EXPFNDITURE) Net incoinel(expendittire) is slated after cl)argingl(ci'editiiig)'. 31.3.23 31.3.22 Depi-eciation - owiied assets 1,927 2,409 AUDITORS, TrIUNERATION 31.3.23 31.3.22 Fees payable to Ilie clianty's audiloi"s foi. the aiidil of tlie cliarity's Iiiiaiicial statements Accountancy Fee 1,464 1.896 1,554 1,896 TRUSTEES, REMUNERATION A]¥D BLt PIITS Tl)ei'e were no huslee.£' i'einiinei'atioll OT Other beiiefils foi. the yc&i' elided 31 March 2023 noi. foi. Ilie year ended 31 MaL-ch 2022. Triistees, expense5 Tliei'e weie no limstees, expeiises paid for the yei( i- ended 31 Mai'cli 2023 nor for the yeai. ended 31 Mai'cli 2022. STAFF COSTS 31.3.23 31.3.22 Wages and salai'ies Social secliiity Costs Othei. peiision costs 379,295 27,685 352,706 25,743 5,633 413,073 384,082 Tl)e Rvei"age inoiilhly iiiiniber of eimployees diiring tlie yeai. was as follows: 31.3.23 16 31.3.22 16 Adiiilllistration No employees re¢eivcd einoliiineiils iii excess ot £60,000. Page 19 coiitiiiued...
NewstaR't F.ducation Centrc Noles to the fiiiianeial Statenients - coiitinued for the YL'ar Ended 31 March 2023 STAFF COSTS - coxtinueil Tlie key niaiiageinent peT50niiel nf the charity conipi-ige of the Cliief Executive and Senioi- Inaiiageiiieiil tearn. The salaries i)2Lid lo key iilall<lgeineiit peisotiiiel beiL)g tlie Cliief Execiilii'e Officei., Pi-ogi-ainnit Maiiageis, and Pi'ogiiiiiiiie Co-oi'diiiatoi. diii'ing the ycai- totalled £182,121. {2022. £ 171,500) 10. TANGIBLI FIXE¢D ASSETS Fixttii-es aiid fittings Motoi" vehicles Totals COST At l Api'il 2022 aiid 31 Marcli 20?3 88,872 17,820 106,692 PRECLATIOF4 At l Api-il 2022 Chai-ge foi- year 79,235 1,927 17,820 97,055 1,927 At 31 March 2023 81,162 17,820 98,982 NET BOOK VALUII At 31 Mai-ch ?023 7,710 7.710 At 31 Mai'ch ?022 9,637 9,637 DEBTORS: AMOUNTS FALLING DUI WITHIN ONE YEAR 31.3.23 31.3.22 Peace tv Educalioii ALilliority Depailinent for Cotninunities - Additional Patliways 84,029 3,250 19,500 5,000 45,000 24,500 132,279 Pi¢ ge 20 continiied...
Newstart Ei ducation Centre Notes to the fiinancial Statenients- Continued for the Year fJnded 31 Trlareh 2023 12. CREDITORS: AMOiiLYTS fALLING DUEt WITFttN ONE YII AR 31.3.23 31.3.22 Socidl seciii.ity aiid othei. taxes Ci'edit c-d ACcied expenses 5,984 538 11,457 361 5,807 17,979 6,168 13. ANALYSIS or NET ASSIITS BETWCI EN FUNDS 31.3.23 31.3.22 Total i)ds UIiTesh'icted Restricted fviids fuiids fui)ds Fixed 1¢ s%ets Ciii-rent assets Ciiii'ei)I liabilities 7,710 1,154 7,710 106,183 (17,979) 9,637 ?19,804 (6,l68) 105,029 (17,979) 87,050 8,864 95.914 223,273 14. MOVEMENT IN FUNDS Nel nioiyei)ieJit iii fiiiids At 31.3.23 Ai 1.4.22 Unresti-icted funds CJenei'al fund Ediiccltioii Auiliority 114,150 63,469 (49,l88) (41,381) 64.962 22,088 177,619 (90,5()9) 87,050 Restj'icted funds Depi of Coinniunilies - Capital Coiillnunity Foiiiidalioii Nortliern Ireland 10,791 (1,927) 8,864 34,863 (34,863) 45,654 (36,790) 8,864 TOTAL FUNDS 223,273 (127,359) 95.914 Page21 coiitiiiued..-
Newstart Education Centre Notes to the f4 inAiiei21 Statenieiits - continued for the Year Ended 31 March 2023 14. MOVLI MENT ILY FUNDS - coiiliniied Net Inovement in fiiiids, iiicliided in Ilie above Éll'e as follows.. Ilicoiiillig I'esoiirces Resoiirces expended Moveineiit in fiinds Unrestricted fiinds General fund Education Aiitliority NFU Mutual Pathways Fuiid ADDA NI Alte111alives (49,188) {292,915) (1.200) Iii,000) (918) {6.000} (49,188) (41,381) 251,534 1,200 1,000 918 6,000 270,652 (361,221) (90,569) Restricted funds Dei)ait]neiit for Coininuiiities BCC 35,207 3,996 850 2,345 (35,207) (3,996) {850) (2,345) (1,927) (35,228) Active Conimuiiities Peace IV Dept of Coniinunilies - Capital Tlie Big Lottery Fiilld Depai'liJ)eiit foi. Coniiiiiinities Additional Education Aiitlioi-ity Ti'aining Coiiiiiiiinity Fouiidatioi) Noitheni Irelaiid Awaids foT AII (1.927) 35,228 19,500 14.250 (19,500) (14,250) 34,862 9,966 169,725) (9,966) (34,863) 156,204 (192,994) (36,790) TOTAL FUNDS 426,856 (554,215) (127,359) Page 22 ontii)ued...
Newstart Education Centre Notes t& the f4inancial Statemonts- continued for the Year Ended 31 Tr1arch 2023 14. MOvE1ENT IN FUNDS - continiied Comp¢l1'atives foi. movement in fuiids Nel nioveii)eiil iii fiinds Ai 31.3.22 Al 1.4.21 Uiirestricted funds Geiiei'al fund Educatioii Aiiiljority 145,628 (31,478) 63,469 114,150 63,469 145,628 31,991 177,619 Ilestl'LCted funds Peace IV Depl of Coii)niiiiulies - Capital Con]niiiiiity Foiiiidation Nortliern Ireland 25,000 13,200 (25,000) (2,409) 10,791 34,863 34,863 38,200 7,454 45,654 TOTAL FIUNDS 183.828 39,445 223,273 COmp.atiVe iiel ii)oveineiit in funds, included iii Ilie above are as follows.. Iiicon)iiig I'esoiirces Resoui'ce5 expeiided Moveinciil lli fiiiids Uni'estricted funds Genei'al ftind Educ<ltion ALlthoL11y 22,861 291,250 (54,339) (227,781) (31,478} 63.469 314,111 {282,120) 31,991 Re,%ti'icted fiind.f Departinenl foi. Coininuiiitie5 Active Corniniinities Peace IV Depl of Coiilliiiiiiilies - Capital Depailiiient foi. Coiiii)iiinilies AdditlOlllI1 Educdlion Aiiiliority Ti'aining colnUnitY Foundaltoii Noitlieiii Irelaiid 31,270 1,295 116,428 (31,270) (1,295) (141,428) (2,409) (25,000) (2,409) 45,000 13,433 (45.000) (13,433) 34,863 34,863 242,289 {234,835) 7.454 TOTAL FUNDS 556,400 (516,955) 39,445 Page 23 coiitiiiued...