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2023-03-31-accounts

Charity registration number NIC104619

ROSARIO YOUTH CENTRE

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

ROSARIO YOUTH CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION

Management Committee Mr Noel Savage Mrs Siobhan McKee Mrs Joanne McBrien Mr Geoff McGuigan Mr John McCartney Ms Susan Gillen Ms Pauline Hegney Charity number NIC104619 Principal address 469 Ormeau Road Belfast BT7 3GR Auditor GMcG LISBURN Century House 40 Crescent Business Park Lisburn BT28 2GN Bankers AIB 35 University Road Belfast BT7 1ND Solicitors Napier & Sons 1-9 Castle Arcade High Street Belfast BT1 5DF

ROSARIO YOUTH CENTRE

CONTENTS

Page
Management Committee report 1 - 4
Independent auditor's report 5 - 10
Statement of financial activities 11
Statement of financial position 12
Notes to the financial statements 13 - 24

ROSARIO YOUTH CENTRE

MANAGEMENT COMMITTEE REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The management committee present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: 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) (effective 1 January 2019)".

Objectives and activities

The charity's objects are the provision, maintenance and promotion of facilities and activities of a social, spiritual, educational and recreational nature with the objective of improving the conditions of life of children and young people without distinction of sex, political, religious or other opinion.

The Youth Centre aims to broaden the horizons and life expectations of our children and young people and assist them in reaching their full potential as active citizens in their community.

The management committee have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

During the year the centre undertook a number of outcome-based programmes aimed at broadening the educational, social and recreational development of it members. Some of these programmes included:

ROSARIO YOUTH CENTRE

MANAGEMENT COMMITTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Funders 2022-2023:

Membership 2022-2023:

9–12-year-old: 127 13+ years: 111

Partnerships 2022-2023:

The youth centre worked alongside a number of groups and organisations during the year to support and complement its work and help to further its purpose. These include:

Staff Training and development:

During the year staff undertook appropriate training and development to assist the delivery of service provision and meet the ever-changing need to the beneficiaries.

The staff were involved in the following training:

Education Authority Local Area Based funding stream April 2021-March 2023:

The EA local area-based funding specification which was secured by the centre in April 2021 came to an end in March 2023.

All targets and programmes contained within the award where achieved, with the 8 moderations that took place as a result achieving good or outstanding through the EA moderation process.

ROSARIO YOUTH CENTRE

MANAGEMENT COMMITTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Financial review

The results are set out in detail on pages 11 to 24. The charity returned net outgoing resources for the year of £29,106 (2022 - £12,352) leaving unrestricted funds of £47,351 (2022 - £53,746) and restricted funds of £233,040 (2022 - £255,751).

In the year 2019 the charity received a legacy from the Estate of Eleanor Mulholland. The committee has designated £30,421 for the purposes of the charity's objectives. The unrestricted funds are considered to be essential to provide sufficient funds to cover any unforeseen costs which may arise and fulfil legal obligations of the charity in the event that current levels of income are not maintained.

The charity uses facilities at 469 Ormeau Road, Belfast, BT7 3GR. These are owned by Down and Connor Diocese who allow the charity to use the facilities rent free. The management committee estimate that the value of this donation is approximately £20,000 per annum.

The management committee has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to one month expenditure. The management committee considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The management committee have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a registered charity for taxation purposes.

The management committee who served during the year and up to the date of signature of the financial statements were:

Mr Noel Savage Mrs Siobhan McKee Mrs Joanne McBrien Mr Geoff McGuigan Mr John McCartney Ms Susan Gillen Ms Laura O'Reilly (Resigned 1 April 2022) Ms Pauline Hegney

The trustees of the charity appoints the chairperson. The management committee appoints the treasurer and secretary and other officers as they decide.

The Youth Centre is a charity which is registered with CCNI and which is governed by the Down and Connor Youth Commission Youth Centre Constitution.

ROSARIO YOUTH CENTRE

MANAGEMENT COMMITTEE REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Statement of management committee responsibilities

The management committee are responsible for preparing the Management Committee Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in Northern Ireland requires the management committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the management committee are required to:

The management committee are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, the Charity (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the management committee has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The management committee report was approved by the Board of Management Committee.

Mr Noel Savage Chairman

Dated: 21 November 2023

ROSARIO YOUTH CENTRE

INDEPENDENT AUDITOR'S REPORT

TO THE MANAGEMENT COMMITTEE OF ROSARIO YOUTH CENTRE

Opinion

We have audited the financial statements of Rosario Youth Centre (the ‘charity’) for the year ended 31 March 2023 which comprise the statement of financial activities, the statement of financial position and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the management committee use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the management committee with respect to going concern are described in the relevant sections of this report.

ROSARIO YOUTH CENTRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT COMMITTEE OF ROSARIO YOUTH CENTRE

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The management committee are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion:

Responsibilities of management committee

As explained more fully in the statement of management committee responsibilities, the management committee are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the management committee determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the management committee are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the management committee either intend to cease operations, or have no realistic alternative but to do so.

ROSARIO YOUTH CENTRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT COMMITTEE OF ROSARIO YOUTH CENTRE

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 65 (2) of the Charities Act (Northern Ireland) 2008 and report in accordance with regulations made under section 66 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

ROSARIO YOUTH CENTRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT COMMITTEE OF ROSARIO YOUTH CENTRE

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing potential risks of material misstatement in respect of irregularities, including fraud and non-compliances with laws and regulations, we considered the following:

As a result of these procedures, we considered the opportunities and incentives that may exist within the charity for fraud and identified the greatest potential for fraud in income recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Charities Act (Northern Ireland) 2008.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity's ability to operate or to avoid a material penalty.

ROSARIO YOUTH CENTRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT COMMITTEE OF ROSARIO YOUTH CENTRE

Audit response to risks identified

Our procedures to respond to the risks identified included the following:

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. In addition, as with any audit, there remains a higher risk of non-detection of irregularities, as they may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect noncompliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

ROSARIO YOUTH CENTRE

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT COMMITTEE OF ROSARIO YOUTH CENTRE

Use of our report

This report is made solely to the charity's management committee, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

GMcG LISBURN

21 November 2023

Chartered Accountants Statutory Auditor

Century House 40 Crescent Business Park Lisburn BT28 2GN

ROSARIO YOUTH CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and
legacies
3
-
156,607
Other activities
4
40,975
-
Investments
5
19,434
-
Total income
60,409
156,607
Expenditure on:
Charitable activities
6
66,804
179,318
Net expenditure for the
year/
Net movement in funds
(6,395)
(22,711)
Fund balances at 1 April
2022
53,746
255,751
Fund balances at 31
March 2023
47,351
233,040		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
156,607
-
186,514
40,975
39,256
-
19,434
18,083
-
217,016
57,339
186,514
246,122
61,243
194,962
(29,106)
(3,904)
(8,448)
309,497
57,650
264,199
280,391
53,746
255,751		 Total
2022
£
186,514
39,256
18,083
243,853
256,205
(12,352)
321,849
309,497

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

ROSARIO YOUTH CENTRE

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2023

Notes
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
15
Unrestricted funds
Designated funds
16
General unrestricted funds		 2023
£
8,187
50,458
58,645
(11,857)
30,421
16,930		 £
233,603
46,788
280,391
233,040
47,351
280,391		 2022
£
7,473
52,677
60,150
(6,560)
30,421
23,325		 £
255,907
53,590
309,497
255,751
53,746
309,497

The financial statements were approved by the Management Committee on 21 November 2023 and signed on their behalf by:

Mr Noel Savage Trustee

Mrs Siobhan McKee Trustee

ROSARIO YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Rosario Youth Centre is an unincorporated charity registered in Northern Ireland. The registered office and place of business is 469 Ormeau Road, Belfast, BT7 3GR.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: 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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the management committee have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the management committee continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the management committee in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

Grants that relate to specific capital expenditure are treated as restricted income which is credited to the Statement of Financial Activities in accordance with the terms of the letter of offer. Revenue grants are credited to the Statement of Financial Activities in accordance with the terms of the letter of offer.

Income is deferred when it does not meet the criteria for recognition as incoming resources in the Statement of Financial Activities, as entitlement does not exist at the balance sheet date.

1.5 Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature to support them.

ROSARIO YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies (Continued)

Support costs are those functions that assist work of the charity but do not directly undertake charitable activities. Support and other costs have been allocated to charitable activities based on actual usage by that activity.

1.6 Tangible fixed 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 recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings 5% Straight Line Fixtures and fittings 25% or 33.33% Straight Line Motor vehicles 25% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including 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 of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within 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.

ROSARIO YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies (Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

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 charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the management committee are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions 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 ongoing 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.

Critical judgements

Fixed assets

The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset and estimates of residual values. The directors regularly review these assets lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in assets lives can have a significant impact on depreciation charges for the period. Detail of the useful lives is included in the accounting policies.

Restricted and unrestricted funds

Judgements are made in relation to allocation of income and expenditure to restricted and unrestricted funds. The directors consider it appropriate to allocate these funds based on interpretation of donations received.

ROSARIO YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

3 Donations and legacies

Restricted Restricted
funds funds
2023 2022
£ £
Income for charitable activites 156,607 186,514
156,607 186,514
Grants receivable for core activities
EA Local Funding 130,000 130,000
EA T BUC Camp Programmes 13,008 -
Belfast City Council - 5,000
EA Supplementary - 2,480
EA Camp Equipment - 2,500
EA Summer Boost - 15,000
Youth Justice Agency - 4,998
EA Small Grant - 2,000
EA Mental Health - 3,250
EA Equipment - 11,686
EA MIS/APP - 9,600
Power NI 1,000 -
Belsonic 450 -
Clanmill Housing 12,149 -
156,607 186,514

4 Other activities

**Unrestricted ** Unrestricted
funds funds
2023 2022
£ £
Shop and other centre income 40,975 39,256

ROSARIO YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

5 Investments

**Unrestricted ** Unrestricted
funds funds
2023 2022
£ £
Rental income 19,434 18,083
Charitable activities
Charitable
Charitable
activities activities
2023 2022
£ £
Staff costs 149,149 141,038
Depreciation and impairment 24,794 21,594
Youth club expenses 35,077 27,426
Summer scheme costs 4,875 20,435
213,895 210,493
Share of support costs (see note 8) 30,067 43,912
Share of governance costs (see note 8) 2,160 1,800
246,122 256,205
Analysis by fund
Unrestricted funds 66,804 61,243
Restricted funds 179,318 194,962
246,122 256,205

6 Charitable activities

7 Description of charitable activities

Charitable activities

To improve the conditions of life for children and young people within the local community through the provision of afternoon, evening and weekend programmes of youth based activity that is informed in its nature, structured, focused and outcome based.

ROSARIO YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

8 Support costs

Support
costs
Governance
costs
£
£
Heat and Light
10,672
-
Postage & stationery
704
-
Telephone
524
-
Insurance
2,061
-
Recruitment & training
-
-
Legal & professional
6,284
-
Repairs & maintenance
5,753
-
Sundry
829
-
Bank charges
468
-
Shop purchases
1,613
-
Charitable Donations
1,000
-
Minibus expenses
159
-
Audit fees
-
2,160
30,067
2,160
Analysed between
Charitable activities
30,067
2,160		 2023
Support
costs
Governance
costs
£
10,672
8,564
-
704
1,004
-
524
1,093
-
2,061
1,903
-
-
1,000
-
6,284
12,108
-
5,753
15,953
-
829
1,310
-
468
594
-
1,613
39
-
1,000
200
-
159
144
-
2,160
-
1,800
32,227
43,912
1,800
32,227
43,912
1,800		 2022 Basis of allocation
£
8,564 Useage
1,004 Useage
1,093 Useage
1,903 Useage
1,000 Useage
12,108 Useage
15,953 Useage
1,310 Useage
594 Useage
39 Useage
200 Useage
144 Useage
1,800 Governance
45,712
45,712

Governance costs includes payments to the auditors of £2,160 (2022- £1,800) for audit fees.

ROSARIO YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

9 Management Committee

None of the management committee (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs		 2023
Number
13
2023
£
146,181
2,968
149,149		 2022
Number
12
2022
£
137,784
3,254
141,038

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

12 Tangible fixed assets

Leasehold
land and
buildings
Fixtures and
fittings
Motor vehicles
£
£
£
Cost
At 1 April 2022
331,591
47,177
9,850
Additions
-
2,491
-
At 31 March 2023
331,591
49,668
9,850
Depreciation and impairment
At 1 April 2022
99,269
27,748
5,695
Depreciation charged in the year
16,580
7,175
1,039
At 31 March 2023
115,849
34,923
6,734
Carrying amount
At 31 March 2023
215,742
14,745
3,116
At 31 March 2022
232,322
19,430
4,155		 Total
£
388,618
2,491
391,109
132,712
24,794
157,506
233,603
255,907

ROSARIO YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

13
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
14
Creditors: amounts falling due within one year
Bank overdrafts
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2023
£
7,867
-
320
8,187
2023
£
190
2,195
6,796
277
2,399
11,857		 2022
£
5,592
201
1,680
7,473
2022
£
-
-
1,760
-
4,800
6,560

ROSARIO YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

15 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April 2021 resources expended 1 April 2022 resources expended 31 March 2023
£ £ £ £ £ £ £
EA Local
YouthStart 4,570 - (1,660) 2,910 - (1,660) 1,250
EA Local
Funding - 130,000 (130,000) - 130,000 (130,000) -
EA Summer
Scheme 5,580 - (1,860) 3,720 - (1,860) 1,860
Belfast City
Council - 5,000 (5,000) - - - -
EA
Supplementary - 2,480 (2,480) - - - -
Department of
Education 248,902 - (16,580) 232,322 - (16,580) 215,742
Youth Justice
Agency 147 4,998 (5,032) 113 - (113) -
Ethiopia Trip 5,000 - - 5,000 - - 5,000
EA Small Grant - 2,000 (2,000) - - - -
EA T BUC
Camp
Programmes - - - - 13,008 (13,008) -
EA Camp
Equipment - 2,500 (2,500) - - - -
EA Summer
Boost - 15,000 (15,000) - - - -
EA Mental
Health - 3,250 (3,250) - - - -
EA Equipment - 11,686 - 11,686 - (2,921) 8,765
EA MIS/APP - 9,600 (9,600) - - - -
Clanmill
Housing - - - - 12,149 (11,726) 423
Power NI - - - - 1,000 (1,000) -
Belsonic - - - - 450 (450) -
264,199 186,514 (194,962) 255,751 156,607 (179,318) 233,040

ROSARIO YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

15 Restricted funds (Continued)

EA Local YouthStart restart project fund

To assist with the assessed needs of the organisation and young people in line with the return of face-to-face interaction and programming in relation to staffing and resources

EA Local Funding

To provide financial assistance towards salaries, programme costs and overheads.

EA Summer Scheme

To provide cross community programme for young people in the Rosario area.

Belfast City Council

To provide funding towards the youth mentoring programme.

EA Supplementary

Additional funding to cover the significant increase in utility bills.

Department of Education

To provide capital funding to improve premises used for the benefit of young people.

Youth Justice Agency

To provide funding for the running of an early intervention transformation programme.

Ethiopia Trip

To provide funding for a project trip to Ethiopia. This trip has been postponed due to COVID-19.

EA Small Grant

To provide funding for additional residential projects.

EA T BUC Camp Programmes

To provide funding T:BUC Camp's programme.

EA Camp Equipment

To provide camp equipment for summer programme

EA Summer Boost

To provide funding for summer programme

EA Mental Health

To provide funding for emotional and wellbeing services.

EA Equipment

To provide funding for the purchase of IT equipment

EA MIS/APP

To provide funding for the design and implementation of a new Management Information System (MIS).

Clanmill Housing

To provide assistance towards mentoring programme.

Power NI

To provide funding for the Youth Centre

Belsonic

Funding for Youth Work Staff to provide support at Belsonic 2022.

ROSARIO YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

16 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement Movement
in funds in funds
Balance at Incoming Balance at Incoming
Balance at
1 April 2021 resources 1 April 2022 resources 31 March 2023
£ £ £ £ £
Estate of Eleanor Mulholland 30,421 - 30,421 - 30,421
30,421 - 30,421 - 30,421
These funds are to be used for the purposes of the charity's objectives.
Analysis of net assets between funds
Unrestricted Restricted **Total ** Unrestricted Restricted Total
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Fund balances at 31
March 2023 are
represented by:
Tangible assets 4,986 228,617 233,603 4,157 251,750 255,907
Current assets/(liabilities) 42,365 4,423 46,788 49,589 4,001 53,590
47,351 233,040 280,391 53,746 255,751 309,497

17 Analysis of net assets between funds

18 Financial commitments, guarantees and contingent liabilities

Funding from Department of Education has been secured against the 25 year lease on the property.

ROSARIO YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

19 Operating lease commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2023
£
744
892
1,636		 2022
£
264
836
1,100