Charity registration number NIC104619 (Northern Ireland)
ROSARIO YOUTH CENTRE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

ROSARIO YOUTH CENTRE
LEGALAND ADMINISTRATIVE INFORMATION
Management Committee
Mr Noel Savage
Mrs Siobhan McKee
Mrs Joanne McBrien
Mr Geoff McGuigan
Mr John MGCartney
Ms Susan Gillen
Ms Pauline Hegney
Charity registration
Northern Ireland
NIC104619
Principal address
469 Qrmeau Road
Belfast
BT7 3GR
Auditor
GMCG LISBURN
Century House
40 Crescent Business Park
Lisburn
BT28 2GN
Bankers
Danske Bank
9 Donegall Sq North
Belfasl
BT15GJ
Solicitors
Napier & Sons
1-9 Castle Arcade
High Street
Belfast
BT15DF

ROSARIO YOUTH CENTRE
CONTENTS
Page
Management Committee report
Independent auditorfs report
7-12
Statement of financial adivities
13
Statement of financial position
14
Notes to the financial statements
15-25

ROSARIO YOUTH CENTRE
MANAGEMENT COMMITTEE REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The management committee present their annual report and financial statements for the year ended 31 March
2025.
The financial slatemenls have been prepared in accordance with the accounting policies set out in note 1 to the
financial slalements and Gomply with the charity's Constitution. the Charities Act 2011 and 'A￿ountIng and
Reporting by Charities: Slalement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)
(effective 1 January 20191"
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 lo broaden the horizons and life expèclations of our children and young people and assisl
them in reaching their full potential as active citizens in their community.
The managemenl committee have paid due regard lo guidance issued by the Charity Commission in deciding
what activities the Gharity should undertake.
Achievements and performance
Programme Funders 2024-2025:
Education Authority
McAdam Community inveslmenl fund
Belfast City Council
Youth Justice Agency
Victoria Homes Trust
T: Buc
Membership 2024-2025:
8-11 years.. 114
14+ years.. 88

ROSARIO YOUTH CENTRE
MANAGEMENT COMMITTEE REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
During the year the centre undertook a number of outcome-based programmes aimed at broadening the
educational, social and recreational developmenl of it members. Some of these programmes included:
Physical health and well-being programmes
Sexual health and well-being programmes
Mental health and well-being including relationships programmes
Personal safety programmes
Violence against women and girl's programme
Good relations programme
Communty relations programme
Social Artion Programmes
Young Plato Programme
Cookery Programmes
Youth Forum
Duke of Edinburgh Award Scheme
OCN'S
Generic provision
Mentoring Programme
Cultural awareness Programme
Leadership Programmes
Games with aims Programmes
Arts and creative development Programmes
Drop in
Planned intervention Programme
Celebration events
Youth voi

ROSARIO YOUTH CENTRE
MANAGEMENT COMMirrEE REPORT {CONTINUED}
FOR THEYEAR ENDED 31 MARCH 2025
Partnerships 2024-2025
The youth centre worked alongside a number of groups and organisations during the year to support and
complement its work and help lo further its purpose. These include=
Education Authority
Youth WorkAllianGe
Youth Justice Agency
Ormeau Boxing
PSNI
CAMHS
BCC
Lower Ormeau Hub
St MalaGhy's Youth Centre
Solas special needs
street Beat Youth Centre
Active communilies network
staff Training and development:
During the year staff undertook appropriate Iraining 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..
Reflective Practice
Quarterly Inhouse Reflective Practice
Young Plalo Training
First Aid Training
Safeguarding
Leadership skills
OCN Iraining the trainers

ROSARIO YOUTH CENTRE
MANAGEMENT COMMITTEE REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
EA Local area-based funding specifjcation:
The EA Local Area-Based Funding Specification for the Upper Omieau Area was continued and will be complete
in March 2026.
All targets and programmes contained within the award were achieved and reported on. with the 4 moderations
that took place as a result achieving standards met, or standards exceeded under the new moderation
framework.
EA Local Projectfunding".
The EA Local Project funding specification for the Botanic DE4 was awarded to the youth centre in partnership
with Sl Malachy'5 Youth Centre for the period April 2024 March 2025.
All targets and programmes contained within the award were successfully achieved and reported on.
Financial review
The results are set out in detail on pages 13 to 25. The charity returned nel outgoing resources for the year of
£955 {2024 Net outgoing resources £13,760) leaving unrestricted funds of £57,365 (2024 - £56,039) and
restricted funds of £208.311 (2024 - £210.592).
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, £13,259 of these funds were used in the year
leaving a balance of £17,162 a5 a designated fund. The unrestricted fvnds are considered to be essential to
provide sufficient funds to cover any unforeseen costs whiGh may arise and fulfil legal obligations of the charty in
the event that current levels of income are not maintained.
The charty uses facilities at 469 Omeau Road, Belfast, BT7 3GR. These are owned by Down and Connor
Di0￿Se who allow the charity to use Ihe 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.
11 is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
mainlained at a level equivalent to three to six months 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 Ihe
charity's current activities while consideralion 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.

ROSARIO YOUTH CENTRE
MANAGEMENT COMMirrEE REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
structure, govemance and management
The charity is a registered charity for taxation purposes.
The management committee who served during Ihe year and up to the date of signature of the financial
slalemenls were..
Mr Noel Savage
Mrs Siobhan McKee
Mrs Joanne McBrien
Mr Geoff McGuigan
Mr John Mccartney
Ms Susan Gillen
Ms Pauline Hegney
The truslees of the charity appoints Ihe chairperson. The management committee appoints the treasurer and
secretary and other officers as they decide.
The Youlh Centre is a charity which is registered with CCNI and which is govemed by the Down and Connor
Youlh Commission Youth Cenlre Constitution.
Statement of management committee respDnsibilities
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 slate of affairs of the charity and of the
incoming resources and application of resources of the charity for thal year.
In preparing these financial slatemenls, the management committee are required lo..
select suitable accounting policies and then apply them conslstenlly.,
observe the methods and principles in the Charitie5 SORP 2019 (FRS 102).,
make judgements and estimales that are reasonable and prudent.,
stale whether applicable accounting standards have been followed, and
prepare the financial slalement5 on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
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 trusl deed. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for Ihe prevention and detection of
fraud and other irregularities.

ROSARIO YOUTH CENTRE
MANAGEMENT COMMITTEE REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Disclosure of inforniation to auditor
Each of the managemènt committee has confirmed that there is no information of which they are aware which is
relèvant to Ihe audil. but of whiGh the auditor is unaware. They have further confirmèd that they have taken
appropriate steps to identify suth relevant information and to establish that the auditor is aware of such
information.
The management committee report was approved by the Board of Management Commtttee.
YA
Mr Noel Savage
Chairman

ROSARIO YOUTH CENTRE
INDEPENDENT AUDITOR'S REPORT
TO THE MANAGEMENT COMMirrEE OF ROSARIO YOUTH CENTRE
Opinion
We have audited the financial statements of Rosario Youlh Centre (the 'charity') for the year ended 31 March 2025
which comprise the statement of financial aclivilies, 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 appliGabl& in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the stale of the charity's affairs as at 31 March 2025 and of its incoming resources
and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,.
and
have been prepared in accordance with the requirements of Ihe Charities Act (Northern Ireland) 2008 and
regulation 8 of the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.
Basis for opinion
We conducted our audit in accordance with Inlernational Slandards on Auditing (UK) {ISAs (UK)) and applicable
law. Our responsibilities under those slandards are further described in the Auditorfs responsibilitl8s 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 sufficienl and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the f5nancial slatements, we have concluded that the management committee use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainties relating lo 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 ￿e1ve months from when the financial statements are aulhorised for issue.
Our responsibilities and the responsibilities of Ihe managemenl committee with respect lo going concern are
described in the relevant sections of Ihis report.

ROSARIO YOUTH CENTRE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MANAGEMENT COMMITTEE OF ROSARIO YOUTH CENTRE
Other infomiation
The other information comprises the information included in the annual report other than the financial statements
and our auditorfs report thereon. The management committee are responsible for the other information contsined
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 infomiation and, in doin9
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 lo be materially misstated. If we identify such material
inwnsistencies or apparent material misstatements, we are required to determine whether this gives rise to a
material misststement in the financtal 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 ￿qUired 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=
the information given in thè financial stslements is inconsistent in any material respect with the management
committee report- or
sufficient accounting records have not beèn kept; or
Ihe financial statements are not in agreement with the accounting records., or
we have not received all the information and explanations we require for our audit.
Responsibilities of management committee
As explained more fully in the statement of management committee rèsponsibilrtiÈs, the management committee
are responsible for the preparation of the financial ststements 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 statemenls, the management committee arè responsible for assessing the chartty's abilty lo continue as a
going concem, disclosing, as applicable, matters related lo going concern and using the going concern basis of
accounting unless the management committee either intend to cease operalions, or have no realislic alternative but
to do so.

ROSARIO YOUTH CENTRE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MANAGEMENT COMMirrEE OF ROSARIO YOUTH CENTRE
Auditor's responsibilities for the audit of the financial statements
We have been appointed as audilor under section 65 {2) of the Charitie5 Act (Northem Ireland) 2008 and report in
accordance wilh fegulations made under section 66 of that Act.
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from
material misslatement, 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 nol a guarantee that an audit conducted in accordance
with ISAS (UK) will a￿ayS detect a material misslalemenl when it exists. Misstalements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economiG decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are inslances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misslatetnenls in respect of irregularities, including
fraud. The extenl to which our procedures are capable of detecling irregularities, including fraud, is delailed 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, inciuding fraud and
non-compliances with laws and regulations. we considered the following..
The naturè of the industry and sector, control environment and business performance, including the
charity's remuneration policies for management committee, bonus levels and performance targets, if any.
Results of our enquiries of management aboul their own identification and assessment of the risks of
irregularities-,
Any matters we identified having obtained and reviewed the charity's documentation of their policies and
procedures relating to..
Identrfying, evaluating and complying with laws and regulations and whether they were aware of
any instance of non-complian￿.,
Detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud., and
The internal controls estsblished to mitigate risks of fraud or non-compliance with laws and
regulalions.,
The matters discussed among the audit engagement team regarding how and where fraud might occur in
the financial statements and potential indicators of fraud.
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 perfomi specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the chartty operates in. focusing on
provisions of those laws and regulations that had a direct effect on the deteminalion of material amounts and
disclosures in the financial ststements. 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 effecl on the financial
statements but compliance with which may be fundamental to the charity's ability to operate or to avoid a material
penalty.
10

ROSARIO YOUTH CENTRE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MANAGEMENT COMMirrEE OF ROSARIO YOUTH CENTRE
Audit Tesponse to risks identified
Our procedures to respond to the risks idèntified included the following-.
Reviewing the financial statement disclosures and testing to supporting doGumer)talion lo assess
compliance with provisions of relevant laws and regulations described as having a direct effect on Ihe
financial statements.,
Enquiring of management concerning adual and potential litigation and claims.,
Performing analytical procedure5 10 identify any unusual or unexpected relationships that may indicate
risks of material misstalemenl due to fraud.
Reading minutes of meetings of those charged with governance and reviewing correspondence with lax
authoritie5', and
In addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjustments-, assessing whelher the judgements made in making accounting
estimates are indicative of a potential bias-, and evaluating the business rationale of any significanl
transadions thal are unusual or outside the normal course Df business.
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 Ihe inherent limitations of an audit, there is an unavoidable risk thal we may nol have delected some
material misstatements in the financial slalements, even though we have properly planned and perfomied our audit
in accordance with auditing standards. In addition, as with any audit, there remains a higher risk of non-deteclion of
irregularities, as they may involve collusion, forgery, inlenlional omissions. misrepresentations, or the override of
internal controls. We are not responsible for prevenling non-compliance and cannot be expected to detect non-
ompliance with all laws and regulations.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https:11
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditols report.
11

ROSARIO YOUTH CENTRE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MANAGEMENT COMMIThEE 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 auditorfs 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 a5 a body, for our audit work, for this report, or for the opinions we have
formed.
GMCG LISBURN
Chartered Accountants
Statutory Auditor
Century House
40 Crescent Business Park
Lisbum
BT28 2GN
12-

ROSARIO YOUTH CENTRE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
fund5
funds
2024
2024
Total
2025
2024
Notes
Income and endowments from..
Donation5 and legacies
Other trading activities
Investments
other income
144,334
144,334
32,729
22,100
157,454
157,454
42,386
20,900
8,884
32,729
22,100
42,386
20,900
8,884
Total income
54.829
144,334
199,163
72,170
157.454
229,624
Expenditure on:
Charitable activities
53,503
146,615
200,118
62,486
180,898
243,384
Total expenditure
53,503
146,615
200,118
62,486
180,898
243.384
Net incomellexpenditure)
1,326
{2,281J
(955)
9,684
{23.444)
(13,760)
Transfers be￿een
funds
1996)
996
Net movement in
funds
10
1,326
(2,2811
(9551
8,688
(22,448)
113,760)
Reconciliation of funds:
Fund balances al 1 April 2024
56,039
210,592
266,631
47,351
233,040
280,391
Fund balances at 31 March
2025
57,365
208,311
265,676
56,039
210,592
266,631
The statement of financial aGtivities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing aGtivities.
13-

ROSARIO YOUTH CENTRE
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
14
186,133
206,844
Current assets
Debtors
Cash at bank and in hand
15
4.687
86,487
80,688
91.174
88.134
Creditors: amounts falling due within
one year
16
.(11.631)
(28,347)
Net current assets
79,543
59,787
Total assets less current liabilities
265,676
266.631
The funds of the charity
Restricted income funds
Unrestricted funds
17
18
208,311
57.365
210,592
56,039
265,676
266,631
The financial slatements were approved by the management committee on
behalf by-.
nd signed on their
Mr Noel Savage
Chaimian
Mrs Siobhan McKee
Chairnian
14-

ROSARIO YOUTH CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
Rosario Youth Centre is an unincorporated charity registered in Northern Ireland. The registered office and
placé 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, Ihe Charities Act
2D11 and 'Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102} {effective 1 January 2019)" The charity is a Public Benefit Entity as
defined by FRS 102.
The charity has taken advantage of Ihe provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not lo prepare a Statement of Cash Flows.
The financial slalements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial ststements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policie5 adopted are set out below.
1.2 Going concern
At the lime of approving the financial statements, Ihe management Gommittee have a reasonable expectation
that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus
Ihe 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 or grantors as lo how they may be used. The
purposes and uses of the reslricted funds are set out in the noles to Ihe financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it afier any performance conditions have been met,
the amounts Gan be measured reliably, and it is probable that income will bè 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 lo the
Statement of Financial Aclivilies 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 meel the criteria for recognition as in¢oming resources in the Slalemenl
of Financial Activities, as entillement does not exist al 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. 11 includes bolh costs that can be allocated directly to such activities and Ih05e
costs of an indirect nature to support them.
15-

ROSARIO YOUTH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
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 al cost or valuation, net of
dèpreciation 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
Fixtures and frttings
50/0 Straight Line
25010 or 33.33Q/o Straight Line
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 statèment 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 elecled to apply the provisions of Section 11 'Basic Financial Instrumenls. and Section 12
'Othèr Financial Instruments Issues, of FRS 10210 all of its financial instruments.
Financial instruments are recognised in the charty's balance sheet when the Charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
thère is a legally enforceable right to set off the recognised amounts and Ihere is an inlention 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 pri￿ including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitules 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
dassified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including credttors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction. where the dèbt 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 amortlsed cost, using the effective interest rate method.
Trade credilors are obligations lo pay for goods or sejvl￿S that have been acquired in the ordinary Course of
operations from suppliers. Amounts payable are classtfied as current liabilities if payment is due wilhin one
year or less. If not, Ihey are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the èffective interest method.
16

ROSARIO YOUTH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
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 enlillement is recognised in the period in which Ihe employee's services are
received.
Termination benefits are recognised immediately a5 an expense when the charity is demonstrably Gommitted
to terminate the employment of an employee or to provide termination benefits.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the management committee are required to make
judgements, estimates and assumption5 about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The eslimates 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 eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo 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.
Key sources of Èstimation uncertainity
Fixed assets
The annual depreciation charge on f￿ed 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 lo reflect current thinking on remaining lives in light of prospective economic utilisalion and physical
condition of the assets concerned. Changes in assets live5 Can have a significant impact on depreciation
charges for the period. DelaiS of the useful lives is included in the accounting policies.
Restricted and unrestricted funds
Judgements are made in relation lo allocalion of income and expenditure to restricted and unrestricted funds.
The directors consider it appropriate to allocatp these funds based on interpretation of donations received.
17-

ROSARIO YOUTH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Donations and legacies
Restricted
funds
Restricted
funds
2025
2024
Income for charitable acttvites
144,334
157,454
144,334
157,454
Grants receivable for core activities
EA Core Funding
EA Lo¢al Project
E4 Planned Inlervention
EA T BUC Camp Programmes
Belfast City Council
EA Youth Sèrvice
Youth Justice Agency
EA Small Grant
Halifax
Victoria Home
McAdam Communty Investment Scheme
Clanmill Housing
99,160
21,175
5.536
5.136
1,500
1,000
4,422
805
96,823
24,915
5,955
3,490
3,650
1,850
3,750
22.621
144,334
157,454
Income from other trading activities
Unrestricted Unrestricted
funds
funds
2025
2024
Shop and other cenlre income
32,729
42,386
Income from investments
Unrestricted Unrestricted
funds
funds
2025
2024
Rental income
22.100
20,900
18-

ROSARIO YOUTH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THEYEAR ENDED 31 MARCH 2025
Other income
Unrestricted UnrÈstri¢ted
funds
funds
2025
2024
Nel gain on disposal of tangible fixed assets
8,884
Expenditure on charitable activities
2025
2024
Direct costs
Staff costs
Depreciation and impairment
Youth club expenses
110,865
20,711
24,348
138,717
23,644
30,524
155.924
192,885
Share of support and governance costs (see nots 91
Support
Governance
40,534
3.660
48.339
2,160
200,118
243,384
Analysis by fund
Unrestricted funds
Restricted funds
53,503
146,615
62,486
180,898
200,118
243.384
Description of charitsble activities
Charitable activities
To improve the conditions of life for children and young people within the local community through the
provision of aflernoon, evening and weekend programmes of youth based activity that is informed in its
nature, structured, focused and outcome based.
19

ROSARIO YOUTH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs allocated to activities
2025
2024
Heat & light
Postage & ststionery
Telephone & computer costs
Insurance
Advertising
Legal & professional
Repairs & maintenance
Sundry
Bank charges
Shop purchases
Charitable donalions
Minibus expenses
Governance costs
14,903
413
2,019
1,257
435
770
18,896
1,168
162
511
15,367
646
1.176
1,091
20,666
4,766
1,550
136
1,012
1.900
29
2,160
3.660
44,194
50.499
Analysed between:
Charitable activities
44,194
50.499
2025
2024
Governance costs comprise:
Audtt fees
Accountancy
2,340
1,320
2.160
3,660
2,160
10 Net movement in funds
2025
2024
The net movement in funds is ststed after chargingl(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fLxed assets
Lossllprofit) on disposal of tangible fixed assets
2.340
20,711
2,160
23.644
18,884)
11 Management Committee
None of the management committee lor any persons connected with them) received any remuneration or
beneffls from Ihe charity during the year.
-20-

ROSARIO YOUTH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Employees
The average monthly number of employees during the year was..
2025
Number
2024
Number
10
11
Employment costs
2025
2024
Wages and salaries
Social security costs
108,565
2.300
135,242
3,475
110,865
138,717
There were no employees whose annual remuneration wa5 more than £60,000.
13 Taxation
The charity is exempt from taxation on its activities because all ils income is applied for charitable purposes.
14 Tangible fixed assets
Leasehold Flxtures and
land and
fitting5
bulldlnys
Total
Cost
At 1 April 2024
331,591
49,668
381,259
At 31 March 2025
331,591
49,668
381.259
Depreciation and impairment
At 1 April 2024
Depreciation charged in Ihe year
132,429
16,580
41.986
4,131
174,415
20,711
Al 31 March 2025
149.009
46,117
195,126
Carrying amount
At 31 March 2025
182,582
3,551
186,133
At 31 March 2024
199,162
7,682
206,844
21

ROSARIO YOUTH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Debtors
Amounts falling due within one year:
2025
2024
Trade debtors
Other debtors
1,874
2,813
3,748
3,698
4,687
7,446
16 Creditors: amounts falling due within one year
2025
2024
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
3,218
3,925
396
4,092
2,278
18,392
207
7.470
11.631
28,347
17 Restricted funds
The restricted funds of the charity comprise the unexpended balan¢es of donations and grants held on trust
subject to specific condttions by donors as to how they may be used.
At 1 April
2024
Incoming Resources
resources
expended
Transfers At 31 March
2025
EA Local Youthstart
DE Capital Funding
EA Planned Intervèntion
EA Local Project
EA Core Funding
Belfast City Council
EA Small Grants
EA TEO TBUC
EA Youth SeNice
Youth Justice Agency
Victoria Homes Trust
McAdam Community
Investment Scheme
Ethiopia Trip
EA Equipment
585
199,162
(585)
(16.580)
(5,536)
(18,105)
(95,446)
(1.500)
(805)
(5,136)
182,582
5,53S
21.175
99.160
1,500
805
5.136
1,000
4,422
1,850
3.070
3.714
1,000
4.422
1,850
3,750
3,750
5.000
2.923
5.000
5.845
12,922)
210,592
144.334
(146,615)
208,311
-22-

ROSARIO YOUTH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Restricted funds (Continued)
Previous year:
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
EA Local Youlhslart
EA Local Funding
EA Summer Scheme
Belfast City Council
Department of Education
Ethiopia Trip
EA Local Project
Clanmill Housing
EA Equipment
Halifax
EA Planned Inlervention
1,250
(1,6611
196,823)
(1.8SO)
(3,490)
116,580)
996
585
96,823
1.860
3,490
215,742
5,000
199,162
5,000
24,915
22,622
(24.915)
(23,045)
{2,9201
13.650)
(5.954)
423
8,765
5,845
3,650
5.954
233,040
157,454
(180,8981
996
210,592
EA Local Youthstart restart project fund
To assist with the assessed needs of the organisation and young people in line with Ihe return of face-lo-face
interaction and programming in relation lo staffing and resources
Department of Education
To provide capilal funding to improve premises used for the benefit of young people.
EA Planned InteNention
To provide engagement, 5UPPOrt. and programming to young people at risk from engaging in anti-social and
risk-taking behaviour, particularly interface violence to reduce the likelihood of becoming further marginalized
and enhance community safety.
EA Local Project
To Provide a generic and targeted youth work response due to the EA assessment of need in line with the
Upper Ormeau Area Specrfication.
EA Core Funding
To cover the costs associated with a So￿are license to utilise an effective management information syslem
for the purposes of recording information and reporting on outcomes.
Belfast City Council
To provide funding towards the youth mentoring programme.
EA Small Grants
To provide young people with the opportunity lo plan and undertake a social action project focusing on litter
control recycling within the centre and their local community.
EA TEO TBUC
Provide a good relations programme that encourages and promotes respect, tolerance, and acceptance
towards difference, with a view lo improving local community relations and further create palhways for
inclusion.
EA Youth Service
To provide a range of targeled interventions and programmes for children and young people within the Botanic
DEA that breaks down barriers lo inclusion in youlh services for those who idenlify as newcomer and or
BAME for the period April 2024- March 2025.
-23-

ROSARIO YOUTH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Restricted funds (Continued)
Youth Justice Agency
Provide an earlier stage diversion programme to young people through community support. assisting them to
make positive decisions through active participation in decision making preventing them from becoming
involved in the youth justice system.
Wjctoria Hornes Trust
Creation of a social action-based programme focusing on personal responsibility and self-care to encourage
positive choices, life styles and future prospects.
M¢Adam Community Investment Scheme
Creation of a health and well-being hub utilising unused space wtthin the grounds at the rear of the youth
centre that promotes a sense of positive mental health, resilience and en￿UragÉS active involvement within
the local community.
Ethiopia Trip
To provide funding for a project trip to Ethiopia. This trip has been postponed due to COVID-19.
EA Equipment
To provide funding forthe purchase of IT equipment
18 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2024
Incoming
resources
Resources
expended
Transfers At 31 March
2025
Estate of Eleanor Mulholland
General funds
30,421
25,618
(13.259)
(40,244)
17,162
40,203
54,829
56,039
54.829
153,503)
57.365
Previous year:
At 1 April
2023
Incoming
resource5
Resources
expended
Transfers At 31 March
2024
Estate of Eleanor Mulholland
General funds
30,421
16,930
30,421
25.618
72,170
(62,486)
1996)
47,351
72,170
162.486)
(996)
56,039
These funds are to be used for the purposes of the charity's objectives.
-24-

ROSARIO YOUTH CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Analysis of net assets between funds
Unrestricted
funds
2025
Restricted
funds
2025
Total
2025
At 31 March 2025:
Tangible assets
Current assetsllliabilitiesl
630
56,735
185,503
22,808
186,133
79,543
57,365
208.311
265,676
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assets/lliabilitiesl
1,248
54,791
205,596
4.996
206,844
59,787
56,039
210,592
266,631
20 Financial commitments, guarantees and contingent liabilities
Funding from Department of Education has been secured against the 25 year lease on the property.
21 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:
2025
2024
Within one year
Between two and five years
811
2,164
584
308
2,975
892
-25-