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 accorda￿Ce 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 deSi￿ated 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'fRAD￿G 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 MU￿al
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
ACci￿ed 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. MOvE1￿ENT 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
col￿nUnitY 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...