ASHTON COMMUNITY TRUST GROUP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Current flnanclal yèar Unr88trlctsd Rostrlcted funds funds 2023 2023 Total Total 2023 2022 Nots8 Income wments fro Donations and legacies Income from charitable activities other trading actlvities Investm8nts 0th8r income 17,584 2,800 20,384 2.180,108 3,326,518 5,506,626 2,000 2,000 36,792 38,792 46,931 142,519 780 5.775,981 400 32,118 193,188 95,588 Total Income 2,283,415 3,424,906 5,708,321 8,002,467 Expenditure from charitab18 activltles 2,272,360 3,441,953 5.714,313 5.971,580 Other 12 51.201 87,883 139,084 156,074 Total expondlturo 2,323.561 3,529,836 5,853.397 6,127,654 Not outgolng ro•ourc•8 before tran8forn (40,146) (104,930) (145,076) (125,187) Gross transfer8 betNeen fund8 50,320 (50,320) Net Incomel{expendltur8} for the yoarf Not movement In funds 10.174 {155,250) (145,076) (125,187) Fund balances at 1 Aprfl 2022 2,232.751 409,469 2.642,220 2.767.407 Fund balanc08 at 31 March 2023 2.242,925 254,219 2,497,144 2.642.220 The statement of financial activitles Includes all galns and losses recognlsed in the year. All Income and expenditur8 derlve from contlnuing actlvlties. The statement of financlal activltles also compl188 wilh the requlrements for an income and expendiiure account under the Companies Act 2006. -27-
ASHTON COMMUNITY TRUST GROUP STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Prlor flnanclal year Unrestrictsd Restrlcted funds funds 2022 2022 Total 2022 Not•8 wm Donations and legaci8S Income from charitable activiti8S Other tradlng acllvitle8 Investments other Income 780 780 1.957,849 3,818.332 5,775,981 400 400 32,118 32,118 105,619 193.188 87,569 Total Income 2,095,786 3,906,881 8,002.467 8ndltu Expenditure from charltable actlvSlles 2,134.227 3,837.353 5,971,580 Other 12 99,609 56,465 156,074 Total expendlturo 2.233,836 3.893,818 6,127,654 Ngt outgolng ro8ourc08 bofora transforn {138,050) 12,883 (125,18n Grosy transfers between funds 8,227 (8,22n Not Ineomol(expandltuM) for tho yoarl Not movemont In funds (129,823) 4,638 {125,187) Fund balances at 1 Aprll 2021 2,362.574 404,833 2,767,407 Fund balance8 at 31 March 2022 2,232,751 409,469 2,842.220 -28-
ASHTON COMMUNITY TRUST GROUP BALANCE SHEEr AS AT 31 MARCH 2023 2023 2022 Notss Fixed assets Tangible ass8ts 16 534.052 814,279 Currant assets Debtors Cash at bank and In hand 17 1.672,379 780,793 2,081,012 587,391 2,433,172 2,668,403 Credltorn: amounts falllng due wlthln ono year (470.080) (840,482) Net current assets 1,963,092 2,027,941 Total a8sets1088 current Ilabllltlo• 2,497,144 2,842,220 Incoma lund• Restricted funds Unre Deslgnated funds General unrestrlcted fund8 21 254,219 409,469 22 1,531,178 711,749 1,631,941 600,810 2,242,925 2,232,751 2,497,144 2,642,220 The financlal statements ware approved by the Trustees on 11 January 2024. Mr M Mullan Mr S Pollard Trusts8 Tru8ts0 Company registratlon number N1034595 -29-
ASHTON COMMUNITY TRUST CHARITY BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note8 Fixed assets Tanglble assets 16 513,947 587,472 Currant a880ts Debtors Cash at bank and in hand 17 1,670,613 668.050 2,074,087 470,879 2,338,663 2,544,768 Credltor8'. amounts falllng duo wlthln ona year 18 (442,167) (598,783) Net current assets 1,898,496 1,947.983 Total a*8Ot8 lou Gurront Ilabllltl68 2,410,443 2,535.455 Income fund8 Restrfcled fvnds 21 198,934 334,290 DesSgnated funds General unrestrlcted fund8 22 1,531,176 680,333 1.634,941 566,224 2,211,509 2,201,165 2,410.443 2,535,455 The financlal statements were approved by th8 Trustees on 11 January 2024. Mr M Mullan Mr S Pollard Tru8ts0 Tru8teo Company Reghtrntlon No. N1034595 -30-
ASHTON COMMUNITY TRUST CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Notas Cash flows from operatlng actlvltles Cash g8n8rated from operations 29 161,858 73.237 Inv88tlng actlvltl08 Purchase of tangible fixed assets Investment Income recelved (25,048) 36,792 (91,214) 32,118 Not cash gan•ratsd froml{u8od In) Investlng actlvltlos 11,744 (59,096) Net cash used In flnanclng actlvlll8• Not Increasa In ca8h and cash aqulvalents 173,402 14,141 Cash and cash equlvalents at b8glnnlng of year 587,391 573,250 Ca8h and cash equlval•nts at end of year 760,793 587,391 31
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng poll¢le8 Charlty information Ashton Community Trust is a private company limited by guarantee Incorporated in Northern Ir8land. The reg15tered office Is Ashton Centre. 5 Churchlll Street, Belfast, BT15 2BP. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practic8 applicable to charities preparlng their accounts in accordanc8 With the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) {effective 1 January 2019)" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared In sterllng, which is the functlonal currency of the charity. Monetary amounts In these financial statements are rounded to the nearest £. The financlal statements have been prepared under the hi6torlrAI cost convention, modified to induda the revaluatlon of certain financlal Instruments at fair value. The prlncipal accounting policies adopted are set out below. The financial stst8ments ¢onsolldat8 th8 accounts of Ashton Community Twst and all of Its subsldlary undertakings ('subsidiaries'). The charity has taken advantage of the exemptlon contalnad wlthln section 408 of the Companles Act 2006 not to present Its own Income and Expenditure Account. The income and 6xpendilur6 account for the y8ar dealt with Sn th8 accounts of the charlty was net expenditure of £125,012 (2022 - £130,536). 1.2 Golng GOnM These financlal statements have been prepared on the going concam basS8. Although three project8 8nd8d on 31 March 2023 due to the finish of the Northern Ireland-wide European Social Fund Programme, additional funding was granted by the UK Shared Prosperfty Fund for the Belfast Work8 'Connect' project which last8 until March 2025. The Iwslee8 are also satlsfi8d thal, should it be necessary. the organisatlon can be duly rlght-sized to enable it lo continue in operational ex18t8nce for the foreseeable future. The group has fund balanc88 at the balance sheet date of £2.497.144 and adequate resourc88 to Continue to meet its obligations for at least the next 12 months. Taking all factors Into consideration, at the time of approving the financial statements, the trustees have a reasonable expectation that the group has adequate resources to continue In operational existence for the foreseeable future. Thus th8 trustees continue to adopt the golng concern bas18 of accountlng In preparing the finandal statements. 1.3 Charftablo fundi Unrestricted funds are available for use at the dlscretlon of the trustees In furth8ranc8 of their charitable objectlves. Deslgnated funds comprlse funds which have been set aside at the dlscretion of the trustees for spedfic purposes. The purposes and uses of the designated funds ar8 set out in the notes to the financlal statements. 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 ststements. -32-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 MARCH 2023 Accountlng pollclo8 (Continued) 1A Incomlng rn8ourco• Incom8 is recognised whén th8 charity Is legally entitled to it after any perfomiance conditions have been m8t, the amounts can be measured reliably. and it Is probable that income will be recelved. Cash donations are racognised on receipt. oth8r donations are recognised once the charity has been notified of the donatlon, unless perform8nc8 conditions require deferral of the amount. Income tax recov8rable in relatlon to donations recelved under GIftAld or deeds of ¢ov8nant is recognised at the time of the donation. Legacles are r8cognis8d on recelpt or othepwlse if the charity has been notlfled of an impending distribution. the amount is known, and rec8iPt is expected. If the amount is not known, the legacy Is treated as a contingent asset. 1.6 Re•ource8 axpendad Expenditur8 is recognised once there Is a legal or constructive obligatlon to transfer economic benefit to a third paty, it is probable that a transfer of economic b8n8fits will be raqulred in settlement. and the amount of th8 obligation can be measured reliably. Expenditure Is classified by actlvlty. The costs of each adlvity are made up of Ihe total of dlrect costs and shared costs, Including support Costs involved in undertaking each activity. Direct costs attrlbulable to a single activty ar8 allocated directly to that activity. Shared costs which contribute to more than one activlty and support costs whlch are not attributable to a slngle activity are apportSoned between those activitles on a basi8 consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and deprerAation charges ar8 allocated on the portion of the asset's use. ExpendStur8 Is recogni5ed once there is a legal or constructlve obligatlon to transfer economlc b8neftt to a thlrd party, it is probable that a transfer of economic b&nefits wlll be required In settlement and the amount of th8 obligatlon can be measured reliably. Expenditure is classlfled by activity. The costs of each actlvlty are made up of the total of direct costs and shared costs, Including support Costs Involved in undertaking 8ach activity. Direct costs attrlbutable to a slngl8 activity are allocated dlrectly lo that activity. Shared costs whlch contribute to more than one actlvity and support costs whlch are not attrlbutable to a slngle actlvSty are apportioned b8tween those actlvitl8s on a basis conslstent wtth the use of resources. Central staff costs are allocated on the basls of time spent, and depreclatlon charg8s allocated on th8 Portion of the asset's use. Support costs are thos8 Costs Incutred directly In support of expenditure on the objects of the charity. Governance costs are those incurred In connection with admlnlstration of the charity and compliance with Gonstitutional and statutory requirements. Costs of generatlng funds are costs incurred In attracttng voluntary Income, and thosa Incurred In tradlng activitles that raise funds. Charitable activities and Gov6mance costs are costs Incurred on Ihe charitls operatlons, indudlng 8UPPOrt costs and costs relatlng to the govemance of the charity apportioned to charitable activitles. 1.6 Tanglble flxed a880ts Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuatlon, net of depreciation and any impairment losses. Depr8ciation is recognised so as to WTiie off the cost or valuation of as$8ts less their resldual values over their useful lives on the following bases.. Freehold land and buildings Cr8che Flxtures and ffittlngs Computers 2% straight Ilne 15% straight Ilne 15°k250A reducing balance and 250A stralght line 25CA* reducing balance -33-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles (Continued) The galn or loss arlslng on the dlsposal of an asset Is detemlned as the difference be88n the sale proceeds and the carrying valua of the asset, and is recognised in th6 Statement of financial activities. 1.7 Impalm)ent of flxed assets At each reporting end date, the charity reviews the carying amounts of its tangib18 assets to determlne whether there is any indication that those assets have suffered an impairment loss. If any such Indlcation exists. the recoverable amount of the asset Is e$timated In order to determlne the extent of the Impairm8nt loss (if any). 1.8 Cash and cash oqulvalents Cash and cash 8quivalents include cash in hand, deposits held at call with banks, oth8r short-term liquid investments with original maturities of thr88 months or less, and bank ov8rdrafts. Bank overdrafts are Ghown within borrowings in current liabilities. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Baslc Financial Instrum8nts' and Section 12 'Oth8r Financial Instruments Issues, of FRS 102 to all of its financlal Instruments. Financial Instruments are recognlsed In the charlty'8 balance sheet when the charity becomes paty to the contractual provlslons of the Instrument. Flnanclal assets and Ilabllrtles are offs8t, wlth th8 net amounts present8d In th8 financial statements, when there Is a legally 8nfor¢eable right to set off the recognised amounts and Ih8re Is an intention to settle on a net basis or to realise tha asset and settle tha liability simultaneously. Bas1¢ flnanclal assets Basic financlal ass8ts, whlch include debtors and cash and bank balanc88, are Inltially measured at transaction price including transaction costs and are gubsequently carried at amortlsed cost using the effectlve interest method unless the arrangement constitutes a financlng transaction, where the transaction is measured at the present value of the future recelpts dlscounted at a market rate of Interest. Financial assets Classified as recelvable wlthln one year are not amortlsed. Baslc flnanclal Ilabllltles Baslc financlal liabilities, induding cr8dltors and bank loans are Inltlalty r8cognSsed 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 Ilabllttles classified 88 payable within one year are not amortised. Debt Instruments are subsequently carrled at amortlsed cost, uslng the effectlve interest rate m8th0d. Trad8 creditors are obligations to pay for goods or s8Nicas that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment Is due wrthin one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognlsed initially at transactlon prlce and subsequently measured at amortlsed cost using the effective interest method. Derecognltlon of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or ar8 discharg8d or canc8118d.
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2023 Accountlng poliGle8 (Contlnuod 1.10 Employee benaflts The cost of any unused holiday entitlement is r8cognised in tha period in which the employee's servlcas ar8 received. TennSnalion benefits are recognised irnmediately as an expense when th8 charity is demonstrably committed to termlnate the employment of an employ88 or to provide termination benefits. 1.11 R8tlrèmant benofits Payments to defined contribution retirement benefit sch8mes are charged as an expense as they fall due. Crltlcal a¢countlng 08tlmate• and Judgomonta In the appllcation of the charlty's accountlng policles, the trustees are requlred to make judgements, 8Stlmates and assumptions about the carying amount of assets and Ilabilities that ar8 not readily 8pparent from other sources. The estimatas and assoclated assumptions are based on historical experience and other factors that are considered to b8 relevant. Actual results may dlffer from these estlmatas. The estimates and underlylng assumptions are revlewed on an ongolng basis. Revislons to accountlng estlmates are recognlsed In the perlod in whlch the estlmat818 revised where the revlslon affects onty that P8rfod, or In the perfod of tha revislon and future perfods where th8 revlslon affects both current and future Parfods. Koy 8ourco• of e•tlmatlon uncertalnty Flxed Asset8 The 8nnual depreclation charg8 on fixed assets d8P8nds primarfty on the estimated Ilves of each type of assel and estlmates of resldual values. The directors regularly review th8se 8$set lives and change them as necessary to r8flect current thlnking on remaining lives In Ilght of prospectlve economic utillsation and physical condltlon of the assets concerned. Changes in asset lives can have a signlficant impact on depreciation and 8mortisation charges for the perfod. Detsil of the useful lives Ss Included In the accounting pollcles. Debtor8 Short t8mi debtors are measured at trdnsacllon prf¢8, less any Impalrment. Impairment of such debtors involves some estlmatlon uncertainty. Restrlctsd and Unrestrlctsd Fund* Judgements are made In relation to allocatlon of Income and expendlture to restricted and unreslricted fund8. Th8 allocation of funds Is based on the interpretation of grants and donations received. Donatlons and legacle8 Unmtrlctod Rostrfcted funds funds Total R•8trlctad fund8 2023 2023 2023 2022 Donations and glfts 17,584 2,800 20.384 780 -35-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 lfi¢orn• from Ghrttabl• actl¥ld•• Tr41Rlw& CNldo•r• & M•nt41H•alth Ernploymint Fm4y Dwil•pm•nt D•¥dopm•nt 8*fv10•• upport Prnir4mrM• 2025 202J 2013 2021 Porfornanra rel8ted grAnts 1,W.576 1,372,820 1,421,296 718,86J 142.985 216.317 6,SCé.828 6.776.981 ty fund Unr•&trtctsd fvndt R1cted fundi 787,203 71,e01 1,146,762 847,372 1.301,219 274,544 9,238 709.416 2S,S4CI 117,426 159,774 2.180,108 78,643 3.328,618 I.,e 3,818,332 1,e34,575 1,372,820 1,421,296 718,853 142,985 21e,317 6,608,028 S,775,981 P•rforrn4nu r•l•t•d grth• ¢thN & SuN5vorn Sqrvk• p¢4 IV H¢8tth 4 $0¢14 Car•Th•t D•p4rtmont forC0nThftl0I D•partfflont rorth• economy B•Wi¥t Cny CtrJndl ChNdcarn Feel Educatlon Authu 8kJ Lott•ry Fur TEO Olh•r n4,023 784,023 588,105 811,895 606,645 283,77S 1,e72,727 167.3T9 878.099 3e4,404 85,848 301,824 eos,480 787,203 1e1,645 105.724 948,848 188,567 1,27Q,437 270,581 838,038 3cé.641 85.948 14,228 27,•77 1,270.437 61.083 84,e82 23,5 10,844 838,038 3C6.641 65,948 10,53 227,399 313,104 2S,640 185.826 836.666 1,634,575 1,372.820 1,421,298 718,853 142,ge5 216,317 5,508,826 5,775,981
ASHTON COMMUNITY TRU8T NOTES TO THE FINANCIAL 8TATEMENT8 ICONTINUEDI FOR THEYEAR ENDED 31 MARCH 2023 Irbcom•trom ¢hablt•bl• a¢tfvlll F•rth• y••r•nd•d 11 1¢h 2022 Mètlmi & Tr41nlni & Chlldo•rn& M•Atsi 11th EMployrn•nl FIr1¥ D•wlopm•Dt D•I0•Trt •upport Prollr•mrn•• Prngr4rnrn•• P•r1¢¢MCl rnloled gran1• 949.511 1.802,962 1,310,85S 1,098,837 218,994 397.022 6.775,981 AN11• by fvnd Umthdod fund• Ro•tHctsd fund• 269,320 10P,679 1.110.220 680,185 1,634.363 2Cp),825 182.345 934,292 247,189 1,967,849 14&,86J 3.818.332 218.994 949,511 1,802,962 1,310,866 1.096,037 218, 7,022 4776,901 P•rfomianM r•latsd grnnl• Lw 4 S•rvk• cry IV BONa HMtth & Cir• TN•t D•pIrtrnt for ConYNnrti Owlrtment lorlha Economy ethst ¢ty ¢tyJndl ¢hlklcare Fool Educ•tknAutho B* Lott•ry Fund TEO Oth•r 688,10S 58O,10S 811,695 506,845 283.776 1.672.727 157.379 878,099 304,404 85,848 301,824 805,480 SOS.066 50,686 213,802 2B2.783 121.020 125 11,976 878.099 24.980 39,9M 19.844 27,03e 57,8B3 1,632,658 W2,382 28.160 4,727 11,000 8,Q 18.02 176.881 38,027 247.189 36,857 44.888 184.W2 970eo 849.611 1.802.862 1.310.855 1,096,837 218.894 397.022 6.776,881 -37-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 MARCH 2023 Other tradlng acllvltles UnTestrl¢ted Unrnstrlcted fund8 funds 2023 2022 Trading activity income: other 2.000 400 Inve8tments Unro8trl¢ted Unra8tr1ctad fund8 fund8 2023 2022 Interest recetvable and investment income Renlal income 28,381 8,411 23.707 8,411 38.792 32,118 other Income Unrnstrlcted R08tr1cted fund• fund8 Total Unrejtrfcted Re•trfctod ftAnd8 fundg Total 2023 2023 2023 2022 2022 2022 Coronavirus Job retentlon scheme other Income 49,320 56,299 402 87.187 49.722 143.466 46,931 95,588 142,519 48.931 95.588 142,519 105,619 87,569 193.188 Audltorf8 romunoratlon Fee8 payable to the charlvs audltor and assoclats8: 2023 2022 Audit of the chaiivs annual accounts 4.050 3.850 Other 8ervlce8 to the group - Audlt of the charlty's subsidiaries 3,600 3.000 Total auditfe 7,650 6.850 -38-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS ICONnNUEDI FOR THE YEAR ENDED 31 MARCH 2023 Exp•ndltur• from charftsbl• acUvltl Vl¢llm• & Tralnlnq & Chlldc4r• & Yothh Communlty M•ntsl H•ilth Employm•nl F4mlly D•v•lopm•nt O•v•lopm•nt S•rvl¢ 8upport Progr•mmM Propramm•J 2023 2023 2023 Oth•r PrgJ•cts Totsl 2023 2023 2023 2Q22 Staff CltI Doprtd•tknTh knpatrmqnt Rent & rot•B H••t, IPJhl & pmr Counwklng & thgr•pwtlc WPeFvhlon• TMlnln9 d•llv¢ry ¢ostB D•yc•ra ddlvory e¥J 451,967 22,Cé7 53.458 12,439 768.580 10,26D 1,204,3XI 8,665 IPB1.881 11.936 58.401 18,101 372.n2 11,781 1,520 21.114 126.681 2.$95 1,938 176 233,098 1D,377 23,S22 10,138 3.470,037 67,421 19e,877 79,186 788,680 140,447 33,380 970,40S 4,134.363 127.329 238,228 61,034 15D.748 168.584 32,773 1,080,623 17,198 63,828 973 33,380 158,151 31,780 42 43,seo 245,531 81.146 $41,646 30,070 133,861 1.662.302 1,t103,187 1.262,103 780,679 160.481 465,181 6,714,313 6.971,580 1.5S2,J02 1,403,187 I,362,3 780,579 1eo.481 465,161 6,714,313 6,971,680 An•l¥•l• by I Unrealrtcted fund8 R•*khd I 670,578 881.718 86,641 1,316,346 1,084,889 277,714 43,034 n7,645 30,3B3 130.0è8 368,637 98,524 2372,360 3,441,853 2,134,227 3,e37,363 1,6S2,>)2 1103,187 1J82.603 780,679 160,481 466.181 5,714,313 6.971,680
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS ICONnNUEDI FOR THE YEAR ENDED 31 MARCH 2023 eXp•nd1rn from ¢h*rftsbl• athltl•• Por th• y•ir•nd•d 31 1¢h 2022 Vlcdm• & Tr•lnlng & Chlldcar• & Youth CommunltyOth•r ProJoCt¥ M•nt•l employm•ni Fthmlty D•v•lopm•nt D•v•lopm•nl S•wvlu• S•rvlc•• Support Prooramm•a Progf•rnm•• Totsl 2022 452,77 1,5n,990 32,272 67,745 10,973 1,107,326 22.684 .Cé7 24,770 876,610 23,264 11,981 14,IY22 14B,236 7.382 1.586 333 176,424 0,77J 17,259 3,415 4,134.3&3 127.329 236,228 01,034 160,748 160,584 D•prtdatl¢n Ind Impdmwnt Ront & rnl H••t, Ilght & pwr Counlelllny & thoraputk iupwvlthni 7,521 160,746 8,872 82.223 127 32,7n 62,328 62.814 23.548 D•yc•r• d•Nv•ry ¢o•t• 268,220 J9,194 483,632 9,83e 209.313 1.080.623 9S2,771 1,808,397 1.343.9BS 1,282,323 167.372 438,n2 6,971.580 962,771 1.8CQ.397 1,343,886 1,282.323 167,372 438,732 S.971,seo An•ly•l8 by fund Unre•trthd lundi Re1thd fund• 287.688 e66,203 170,236 1,838,162 1.126.169 218.828 218.812 1,043,811 57,3Cé 110.oe6 276.447 183,286 2.134.227 3,e37.353 952.TT1 1,808.397 1,343,985 1,262.323 187.372 438,n2 6,871.SBO
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Trusta88 None of the trustees (or any persons connected with them) recelved any remun8ration or benefits from the charity during the year. 11 Employ998 The average monthly number of employees during the year was., 2023 Number 2022 Numbor 198 Employmont costs 2023 2022 Wages and salaries Soclal s8curity Costs Other pension costs 3,032.329 236,563 201,145 3,611,881 277,911 244,591 3,470,037 4.134.363 The Charfty considers several of It8 Staff to be key management par8onnel. The total employment banefits including employer penslon contributions of tha kay management personnel were £243.597 (2022 £360,165). Durlng the year. the charfty incurred redundancy costs totalllng £114,274. The number of employe8s whose annual remuneratlon was more than £80,000 Is as follows: 2023 Number 2022 Number £80,001 to £70,000 -41
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Other Unre8trlet8d Re8trfcted funds funds Total Unre8trfcted Restrlctod fundg fund8 Total 2023 2023 2023 2022 2022 2022 Net loss on disposal of tangible fixed assets other expenditure 37,854 13,347 37,854 101,230 87,883 99,609 56,466 158.074 51,201 87,883 139,084 99,609 58,485 158,074 13 Taxatlon The charty is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or sectlon 252 of the Taxation of Chargeable Gains Act 1992 to th8 extent that these are applled to it8 charltable objects. 14 Impalrnionts Impairment tests have b8en carri8d out where approprlate and the followlng Impalm)ent losses have been recognised in profit or loss: 2023 2022 In respect of.. Propety, plant and equlpment 61,493 IS Flxod a0t Inv08bnonts Charfty Ashton Communlty Trust Is the controlllng paty ofAshton Servlces (Nl) Limited and New Lodge Arts, vthlch18 charitable company. Both are incorporated In Northern Ireland and Ilmlted by guarantee, The resulis of those entitles are consolldated Into these financlal ststements. -42-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 Tanglble flxed assets Fro•hold land Ind bulldlngs Crnch• Flxtur•8 •nd flttlngs Comput•ff# Group Cost At 1 April 2022 Additions Disposals 564,898 110,285 754.476 279,307 14,194 10,854 (110,265) (587,10n (128,970) 1,708,948 25,048 (806,342) At 31 March 2023 564,898 201,583 181,191 927,662 Dopreclatlon and Impalrnwnt At 1 April 2022 Depreciation charged In th8 year Eliminated in resped of disposals 229,898 11,298 110,265 567,364 187.140 32,462 23.661 (110,265) (530,445) (127.778) 1,094,867 67,421 (768,488) At 31 March 2023 241.198 89.381 83.023 393.600 Carylng amount At 31 March 2023 323,702 132,182 78,168 534,052 At 31 March 2022 335,000 187,112 92,167 614,279 Tanglbl• fixed a880ts Fmohold land and bulldlng• Crechg Flxtur•• Jnd Computorn flttlng• Charfty Cost At 1 April 2022 Additions Transfer between categorles 584,898 110,265 709,316 279,307 14,194 10,854 (110,265) (587,107) (128,970) 1,663,788 25,048 (808,342) At 31 March 2023 564.898 156,403 181.191 882,492 D6pre¢latlon and Impalrnient At 1 April 2022 Depreclation charged in the year Impaiment losse8 229,898 11,298 110,265 549,011 187,140 25,760 23.661 (110.285) (530,446> (127,778) 1,076,314 60,719 (768,488) At 31 March 2023 241,196 44,326 83,023 368,545 Carying amount At 31 March 2023 323.702 112,077 78,168 513,947 At 31 March 2022 335,000 160.305 92,167 587.472 -43-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 Dobtors 2023 2022 Amounts falllng due wlthln one year: Group Trade debtors Other debtors Prepayments and accrued Income 6,305 1,017,230 848,844 23,982 1,008,530 1,048,500 1,672.379 2,081,012 Charfty Trade debtors Other deblors Prepayments and accrued income 8,304 1,023,438 640,873 25,048 1,059,021 990,018 1,670.613 2,074,087 18 Credltorn: amounts falllng due wlthln ono yoar 2023 2022 Group Other taxation and soci81 security Deferred Income Trade creditors Other ueditors Accruals 51,389 183,436 145,507 41,103 88,845 82,356 143.051 217,527 60,287 157,241 19 470,080 640.462 Charlty Other taxatlon and soclal 8ecurlty Deferred income Trade credltors Other creditors Accruals 51,389 132,662 145,189 38.076 74.851 81,641 107,641 217,527 44,953 165,021 442,167 596,783
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 19 Deferred Income 2023 2022 Other deferred Income 163,436 143.051 Deferred Income is included in the financlal statements as follow8.. 2023 2022 Deferred Income Is included within: Current Ilabilities 163,436 143,051 Movements in the year: Deferr8d Income at 1 April 2022 Releas8d from previous periods Resourc8s d8f8rred in the year 143,051 {143,051) 183,438 225,305 (117,664) 35,410 Deferr8d Incom8 at 31 March 2023 163.438 143,051 20 Ratlramant bonoflt 8chemo8 Deflnod contrfbutlon •chomo8 Th8 charity operates a defined contTibulion penslon 8cheme for all qualfying employees. The ass8t8 of the Scheme are held separately from those of the charity in an independently administered fund. Tha charge to profit or loss in respect of deflned contributlon schemes was £201,145 (2022 - £244,591). -45-
ASHTON COMMUNITY TRU8T NOTES TO THE FINANCIAL STATEMENT8 ICONTINUEDI FOR THEYEAR ENDED 31 MARCH 2023 21 R••irf¢t•d fund• Tho knc4Jmofimd8 of Ihe th•rfty InBlude reltrlcted fvnd•4omprfiln9 th• loyMrwJ un•xw)d•d balanc41 oldonatbnl and gr1 hoSJ on tnJ•lfor iplll¢ Pp0•. Mov•m•nt In lund• Inoornlno R•Mur¢ Mov•m•nt In fund• Inqornlny Tr•rAf•rn linu••t IAprf12022 1 Aprfl 2021 al M•r•h Group VkUm• & M•nt41 HooNh S•NI¢•• Tr•hlng & Empbym•nt S¢r¥l Chlldcar• & Fgmlty Support sqrvI# Youth Dwebpment Prcgrmm&¥ Communtty Progratyffl Oth•rProJacts 107,652 6BO,185 1885,203 7,350 1.834,353 11.838.1821 40,884 200,8 P18,8261 133,015 934,292 11,043,811) 32,190 218,994 1110,0681 83.762 228.202 121&,7601 122,$34 847,372 1881,7261 160,2641 S,57f 1.301,219 11,318,3451 9.555 22,7 274,646 1277,718> 116.3n} 3,220 23.528 709,416 1737.6451 21,633 16,932 141.987 117A26 1130,0981 114,8391 114.06S 93.106 174,929 1188.407) 11421 81,488 37,926 32 849 19,1081 4C4,833 3,906,681 12,893,818) 1¥,22n 409,489 1424.906 13.529.838) 150,3201 254,219 Ch•rtty VtIw & tal Hogfth Sqrvl Trnlnhw & Empl¢ym•nl Chlha¢•T• & Support S•NIc•• 107,S52 680,18S (685.2031 7,350 1,834,383 11.636,1 40.964 2,625 1218,828) 714.113 1742,3881 218,994 1189,8181 237,550 121P,7501 122,534 847.372 1881,7281 180,2641 S.671 1.301,21? 11?16.3451 9,5SS 22.783 274,545 1277,7151 118.3n) 28.551 613,03B 1521,2731 21.SJ3 82.417 117,426 1130,0&81 114,639} 2.464 174,829 1186,40n 11421 37, 3.220 41.849 35,105 00,834 32 Comrtwnty D•v•knpment Prour¥rM Olhpr 32,180 83,782 <9,10BI 328,822 3.685,860 p,871.9551 18,2271 334,290 3,228.528 13.313.564) ISO,32DI 188,934 S•• nGl• 25 lor•xr4wnal(Yy nolutothafunds.
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 22 Daslgnated funds - Charfty and Group The Income funds of the charity indude the following deslgnated funds which have been set aside out of unrestricted funds by the trustees for speclfic purposes: Movement In funds MoVn0nt Balanco •t 1 Aprll 2021 Balanca at 1 Aprll 2022 Balan¢• at 31 March 2023 Flxed assel reserve Programm8 related invastment 538,114 1,253,955 49,358 587,472 (209,486) 1.047,469 (73,525) 513,947 (30,240) 1.017,229 1,792,069 (160,128) 1,634,941 (103,785) 1,531,178 See note 25 for explanatory notes to the fvnds. 23 Flnanclal commllments. guarant008 and contlngont Ilabllltlo8 Durlng th8 prlor year the trustees became aware of a potentlal clalm against the charltable company and In the y6ar ended 31 March 2023. the result of th8 legal process went against the charity, The amount of any liability is yet to be determlned. The trustees are of the oplnion that all costs and Ilabilities associated wlth lh8 daim will be covered by the charlly's Insuranc8 and are awaiting confimatlon of thls. As such, they conslder that thls matter should be dlsclosed as a contingent Ilabillty. In addltlon, a portion of grants received may become repayable if tha charltable company falls to comply with the tenns of th8 letter of offer. 24 An•ly•l• of net a98ets betwoen fund• - Group Unre8trlctsd Restrlcted fund• funds 2023 2023 Total Total 2023 2022 Fund balances at 31 March 2023 are represented by: Tangib18 assets Current as8etsl(liabilities) 534,052 1.708,873 $34,052 614,279 254.219 1,983,092 2,027,941 2,242,925 254,219 2,497,144 2,642,220 -47-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 MARCH 2023 26 Explanatory nots8 to th8 funds General unrestricted funds These funds are available for use at the discretlon of the Irustees in furth8rance of their charitable objectives. esi nated f Fixed asset reserve Is equlvalent to the net book value of the charity's red assets that are used in furth8rance of th8 charivs activrties. Programme related Investment represents a loan to Ashton Centre Development Limited. Although this investment generates some finan¢lal retum, its primary molivation is not financial but the actual furtherance of th8 charity's objects, given the commonality of many of the objectives of both charities. e5trlcted funds Vldims & Mental Health S8Nlc8s rec8lv8 fundlng from th8 Victims and Survivors Service towards staff costs and dellvering a wlde range of activitles such as talking therapies, complementary therapiés and soclal Support. Tralnlng & Employment Services recelve ESF funding to deliv8r the Lemls+ and CORE programmes. the former In p8rtnershlp wlth E8St B81f8St Mission, GEMS Nl, Impact Tralnlng and Upper Springfield Development Trust. Chlldcare & Famlly Support Servlces recelv8 ESF funding (through USDT) to deliver a Community Famlly Support Programm8 and recelves fundlng towards Klnderkids staffing from the Department for Communitles and the Pathway Fund, New Lodge Youth Club receivas a numbar of grants from the Educatlon Authorfty tackllng a range of 8ocletal Issues. Communlty Development receives fundlng from the Community Relatlon8 Counc51 and the Department for Communltl8S. nsfer During the year, there were transfers from unrestrfcted funds to restrfcted fund8 to COV8r overspends in cartaln projects. Transfers from restricted funds to unrestrlct8d funds r81at8 to Several factors including fixed asset balances, management charges, and balances where no restrfdion remalns. 28 Relatsd party tran•acllons Remuneratlon of kay management personnel The remuneration of key management personnel 18 as follows. 2023 2022 Aggregate Gompensatlon 243.597 360,165 There were no other transactions with related parties requiring disclosure.
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2023 27 Subsidiarleg Details of the charity's subsidiaries at 31 March 2023 are as follows: Name of undertaklng Reglstsred office Naturn of buslne88 Class of % Hold share8 hold Dlrect Indlrect Ashton Services (Nl) Ltd 5 Churchill Actlvlties of employment street. Belfast, placament agencies BT15 2BP 5 Churchill Street, Belfast, BT15 2BP Llmited by guarantee 100.00 New Lodge Arts Education818Cttvite8 Llmlted by guarant88 100.00 28 Analy818 of changes In net fund8 The charity had no debt durlng the year. 29 Cash generated from op8ratlon8 2023 2022 Deficit for the year (145,076) {125,18n Adjustmenls for: Investment income recognlsed In ststement of ftnanrAal activltles Loss on disposal of tangible flxed assets Depreciatlon and Impainnent of tangSble fixed assets {38,792) 37,854 67,421 (32,118) 127,329 Movements In womng capital.. Decrease in debtors (Decrease) in creditors Increa881(decrease) In deferred Income 408,633 (190,767) 20,385 284,751 {99.284) (82.254) Cash genoratsd from oporatlon8 161,858 73.237 -49-