ASHTON COMMUNITY TRUST GROUP STATEMENT OF FINANCIALACTIVITIE8 INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current flnanclal yoar Unregtrlctsd Restrfctad fund8 funds 2024 2024 Total Total 2024 2023 Nots8 ndowme Donations and legacies Income from charitable actlvltl8S Oth8r trading actlvlties Inv8stment8 Other Incorne 8,955 11.019 19,974 2.081,447 2,680.809 4,782,256 8,187 8.187 81,333 61.333 9,281 54.347 20,384 5,506,628 2,000 36,792 142,519 45,088 Totsl Incom• 2,189,203 2,736,894 4,906,097 5,708,321 Exp8ndltur8 from chariiable actlvltles 2,243,025 2,831,552 5,074,577 5,714,313 Other 13 134,433 134,433 139,084 Tolal oxpndlturo 2,377,458 2.831.552 5,209,010 5,853,397 Net outgolng ro•ourco8 boforo transforn (208,255) (94,658) {302,913) {145,078) Gr058 transfers belween funds (46,544) 46.544 Notgxpendlluro for the yoarl Not movemènt In lund• (254,799) (48,114) (302,913) {145.078) Fund balances at 1 Aprll 2023 2,242,925 254,219 2,497.144 2.642.220 Fund balanco8 at 31 March 2024 1,988,128 206,105 2,194,231 2,497.144 The ststement of financial activities inciudes all galns and losses recognised in the year. The statement of financial activitie5 Includes 811 gains and losses recognlsed in the year. All Income and expenditure derive from continuing activities. The slatement of financial activities also complies with the requlrements for an income and expenditure account under the CompanSes Act 2006. -24-
ASHTON COMMUNITYTRUST GROUP STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THEYEAR ENDED 31 MARCH 2024 Prlor flnanclal y•ar Unrostrleted Rastrlctod funds fund¥ 2023 2023 Totsl 2023 Noto9 Orno and o Donation5 and legacies Income from charitable aGtiviti8s Othar Iradlng activities Investments other Income IL. 17,584 2,800 20,384 2,180,108 3.326,518 5,506,626 2.000 36,792 46,931 38,792 142,519 95,588 Tofal Incomo 2,283,415 3,424.906 5,708,321 Ex an Exponditure from charftable activitle8 2,272,380 3,441,953 5,714,313 (Xher 13 51,201 87,883 139,084 Total expondlturg 2,323,581 3,529,838 5.853.397 Not outgolng rg8ourco3 befor• tran8fern (40,146) (104,930) (145.078) Gmss transfers between funds 50.320 (50,320) Not •xpondlturg for tho yearl Net movem•nt In fund8 10.174 (155,250) (145,078) Fund balances at 1 AprS12022 2.232,751 409,469 2.642,220 Fund balan¢93 at 31 March 2023 2.242,925 254,219 2.497,144 -25-
ASHTON COMMUNITY TRUST GROUP BALANCE SHEEr AS AT 31 MARCH 2024 2024 2023 Note• FJx•d u8Ot• Tangible a8set8 499,500 534,052 Cumnt amets D8blor8 C88h at bank and In hand 17 1,053.627 1.186,643 1,672.379 760,793 2,220,270 2,433,172 Crgdltor8: amounts falllng du• wlthln on• y•ar 18 (398,082) (470.080) Not currnnt assets 1,822,188 1,963,092 Total u•o1•1o¥• curront Ilablllll 2,321,688 2,497,144 PMvl8lon• fr•r Ilablllllg• (127,457) N•t a•g•19 2.194,231 2.497,144 Incomo funds Restrf¢ted fund8 ed 088lgnal8d funds Genéral unrestrfed funds 206.105 254.219 1,270,194 717,932 1,531,176 711,749 1,988,128 2,242,925 2.194,231 2,497.144 The finanolal statementB wera 8pprov&d by the Trustses on 23 Decembar 2024 Mrm Mullan Trustee Mr J O'Hagan Tru8ts8 Company reglstratlon numbèr N1034595 -26-
ASHTON COMMUNITY TRUST CHARITY BALANCE SHEET AS AT 31 MARCH 2024 Flxed a•8ets Tanglble as8et8 483,087 513,947 Curr•nt ••i•l• Debtor8 Cash at bank and In harxl 17 1,038,682 1,081,154 1,870.813 888,050 2,119,736 2,338,663 Crodltorn: amounts falllng duo wlthln on• y•aT (382,709) <442,187) Nèt rrent a88ets 1,737,027 1,896,498 Total •M•ts1888 curr•nt Ilablllti 2,220.114 2,410.443 Provhlong lor Ilabllllle• (127.457) Not 2,092,657 2,410.443 In¢om• lund• Restdcted fund8 23 144,225 198,934 D8slgnat8d lund8 Goneral unrestilctad lund8 24 1,270.194 678.238 1,531,178 680,333 1,948.432 2,211,509 2,092.657 2,410,443 The finandal statament8 were approvèd by the Trustees on 23 D8c8mber 2024 Mr M Mullan Mr J O'Hggan Trustse Trustee Company Roglgtration No. N1034596 -27-
ASHTON COMMUNITY TRUST CONSOLIDATED STATEMENT OF CASH FLOWS FOR THEYEAR ENDED 31 MARCH 2024 2024 2023 Note• Cash flow8 from operallng activltle8 Cash gan8rated from operations 370,021 161,658 Inwstlng a1vItIeS Purchase of tanglble fixed a338ts Investment Incom8 received (25.504) 61.333 {25.048) 38,792 Net Ga•h goneratod from Invo•llng acttvltl•8 35.829 11,744 Not calh u••d In flnan¢lng actlvltl•8 N•t Incroa•e In cash and cash •qulvalonts 405,850 173.402 Cash and c88h equlvalants at beglnnlng of year 780,793 587,391 Calh and ca8h oqulval•nt8 at ond of yoar 1,188,843 760,793 -28-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounllng pollclos Charfty Inforrnatlon Ashton Communlty Trust is a privat8 company limited by guarante8 incorporated In Northern Ireland. The registered office Is Ashton Centre. 5 Churchlll Street, Belfast, BT15 2BP. 1.1 Accountlng conv•ntlon The financlal statements hav8 b88n prepared In accordance wlth th8 Companies Act 2006 and "Accountlng and Reportlng by Charities: Statement of Re¢omm8nded Practice applicable to charities preparlng thelr accounts in accordance wlth the Financlal Reporting Standard appllcable in th8 UK and Republic of Ireland {FRS 102) (effective 1 January 2019)" The charity is a Public Benefit Enlty as defined by FRS 102. The Ilnanclal statements are preparod In Sterfing. whlch Is the functlonal currency of the charlty. Monetary amounts In these financial statements are rounded to th8 nearest £. The financlal statements have b88n prepared under the histodcal cost convention, modified to include the revaluation of certain financlal instruments at falr value. The principal accounting pollcles adoptsd are set out below. The financlal 8lat8ment8 consolidate the accounls of Ashton Communlty Trust and all of Its subsidlary undertaklngs Csubsldlarles,). The charity has taken advantage of the exemptlon contained wlthln section 408 of th8 Companies Act 2006 not to present its own Income and Expendlture Account. The Incom8 and expenditure account for th8 y8ar dealt wlth In the accounts of the charity was net expendltura of£317,788 (2023- £125.012}. 1.2 Golng concorn These financial statements have been prepared on th8 going concern basis. Th8 trustees confim that, in Ihelr opinion, Ihe organisation is a golng conc8rn. The trustees are satisfied that, should it be necessary, thg organisation can be duly rfght-sized to enable it to continue In operational existence for th8 foreseeable future. The group has fund balanc85 at the balance sheet date of £2,194.231 and adequate resources to contlnue 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 thal the group has adequate resources to continue in operational exlstence for the foreseeable fulur8. Thus the trustees continue to adopt the going concern basls of accounting in preparing the financial statements. 1.3 Charitabl8 funds Unrestrfct8d funds are available for use at the discretion of the trusteas In furtherance of thelr charitabl8 objectivos. Designated funds ¢omprl$e funds which have been set aside at the discretion of the trust88s for specific purposes. The purposes and uses of the designated funds ar8 S8t out in the note5 to th8 financial Statements. Restrlcted funds ar8 subject to spe¢ifi¢ conditions by donors or grantors as to how they may be used. Th8 purposes and uses of the restricted funds are set out in the notes to the ffinancial ststements. -29-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 MARCH 2024 Accountlng pollcles (Continued) 1A kn¢omlng rosourcos Income is recognised when the charty Is legally entitled to it after any perfomance condttlons hav8 been met. the amounts can be measured reliably, and It Is probable that income will b8 recelved. Cash donations are recognlsed on receipt. (Xher donations are recognlsed once the charlty has been notlfted of the donatlon. unless performance conditlons require defgrral of the amount. Income tsx recoverable in relation lo donations received under Gift Aid or deeds of covenant Is rocognlsed at th8 time of the donation. Legacles are recognised on recelpt or oth8rwl88 if the charlty has ba8n notified of an Imp8ndlng dlstributlon, the amount is known, and recelpt is expected. If the amount is not known, tha legacy Is treated as contingent a88et. 1.6 Ro•ourca• expendod Expendlture is recognised onc8 th8re is a legal or constructlve obligatlon to transfer economic benefrt to a third party, it is probable that a transfer of economlc ben8fits wlll be raqulred in settlement. and the amounl of the obligatlon can be m8asured rellably, Expendlture is classified by 8Ctlvlty. Th8 Costs of each actlvlty ara made up of th8 total of dlrect costs and sharad costs, including support costs Involved In underlaking each actlvlty. Dir8Ct cost8 attributab18 to a singlg activity ara allocated diractly to that activity. Shared costs whlch contrfbut8 to more than one actlvlty and support costs whlch are not attributable to a slng18 activity are apportioned belween those activ5ties on a basls rJJnsislent wlth the use of resources. Central staff costs are allocated on the basis of time spent, and d&preaatlon charges are allocated on th8 Portion of the asset's use. Exp8ndltura is re¢ognis8d onc8 there Is a legal or constructlve obllgatlon lo transfer economic beneflt lo a third party. it is probab18 that a transfer of economic benefits wlll be required In settlement and the amount of the obligatlon can b8 measured reliably. Expenditura is classlfied by activity. The Costs of @ach actlvity ar8 madg up of the total of direct costs and shared costs, Including support costs Involved In undertaking 8ach activlty. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than on8 activity and support ¢osls whlch are nol attributable to a slngla activity are apportioned between thos8 activities on a basis conslstent with the use of resources. Cenlral staff costs ar8 allocated on the basls of time spent. and depreclation charges allocated on Ihe portion of th8 asset's use. Support costs ar8 those costs incurred dir8Ctly in support of expenditure on the objects of the charity. Govemance costs are those Incurred in connection wlth administration of the charity and compliance with constllutional and statutory requirements. Costs of generating funds are costs Incurred In attracting voluntary Income, and those Incurred in tradlng activities that raise funds. Charitable actlvtties and Govemanc8 cosls are costs Incurred on the tharlvs operations, Including support costs and costs relating to the govarnance of the charlty apportioned to charitab18 actbvities. 1.8 Tanglble flxed assots Tangible fixed assets are initially measured at cost and subsequenlly measured at cost or valuation, net of d8precialion and any impaimient105se5. Depreciation is recognised so as to wrile off the cost or valuation of assets less their residual values over their useful lives on Ihe following bases.. Freehold land and buildings Flxturas and fittings Computers 2)h slraight line 150A-25'/0 reducing balanc8 and 250h straight line 25% reducing balarKe -30-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountlng pollclgs (Conllnuod) Th8 gain or loss arising on the dlsposal of an asset is detennined as the diff8r8nce belween the sale proc8ed8 and the carrying value of the ass8t, and is recognised In the statement of financial a¢tlvlti8s. 1.7 Impalrnwnt of flxod asget3 At 8ach reporting end date. the charity r8views the carrylng amounts of Its tsnglble assets to d8termin8 whether there is any Indicatk)n that those assets have suffered an impaimient loss. If any such Sndication exlsts, th8 recov8rable amount of the asset is estimated in ord8r to deleTmin8 the extant of the Impaimient loss (if any). 1.8 Cash and cash oqulvalonts Cash and cash equlvalents Include cash In hand, deposSts held at call wlth banks, other short-temi Ilquld investments with oilginal maturltles of three months or less. and bank overdrafts. Bank overdrafts ar8 Shown wlthln borrowlngs In current liabilities. 1.9 Flnan¢lal Instruments The charity has elect8d to apply the provlslons of Section 11 '8asic Flnanclal Instruments, and Sectlon 12 'Oth8r FlnancSal Instruments Issues, of FRS 102 to all of its financial Instruments. Flnanclal Instruments are r8engnlsed In the chatlvs balance sheet when the charlty becomes party to Iha conlradual provlslons of the instrument. Flnancial ass8ts and Ilabllities ara offset, wtth th8 net amounts presented In the financlal statements, when there Is a legally enforceable right to set off the recognlsed amounts and th8re Is an intention to sett18 on a nèt bas18 or to reallse the asset and s8ttta the liability slmultaneousty. Baslc flnanclal a88ets Baslc financial assets, whlch Include debtors and cash and bank balanc85, are Inltlally measured at transactlon price Includlng transaction costs and are subsequently carried at amortised cost uslng the effective Interest method unless the arrangement constllutes a financing transaction. where the transaction is measured at th8 present value of the future receipts dls¢ounted at a market rate of Interest. Financial assets dasslfied a8 receSvable wlthin one year are not amortlsed. 8aslc flnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are initialty recognlsed at transaction price unless th8 arrangement constitutes a financing transaction, where the debt Instrument is measured at the pr8S8nt value of the future payments dlscounted at a market rate of Interest. Financbal liabllities classified as payab16 within one year are nol amortised. Debt Instrum8nts are subsequently carrled at amortised cost, uslng the effectlve Interest rate method. Trad8 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 liabllities if payment is due within on8 y8ar or less. If not, they are pres8nted as non-current liabilities. Trad8 creditors are recognised initially at transactlon prlce and subsequently measured at amortlsed cost using th8 effective interest method. Derecognition ofllnanclal Ilabllltles Financial liabilities are derecognised when the charity's Contractual obligations explre or are discharged or canlled. 31
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl081conllnugd) 1.10 Provl8lon• Provislons ar8 r8cognised when the charfty has a lagal or con5tructlve present obligation as a result of a past event, it is probable that the charity will be requlred to settle that obligation and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provislon is the best estimate of the consideralion requlred to Settle the present obligation at the reporting end date. taking into account the risks and uncertalnties surroundlng the obligation. Where the effect of the time value of money Is mat8rial, the amount expected to be required to settle the obllgation is recognised at present value. When a provlsion Is measured at present value. th8 unwindlng of the discount is recognlsed as a finance cost in net incomel{expenditure) in the period In which it arises. 1.11 Ernployeo b•noflts The cost of any unused hollday entitlement Is recognlsed In the period In whlch the employee's 8eNice8 ara recalved. Tonnlnation benefits are recognised Immediately as an expense when the charty Is demonstrably commltted to torminate the employment of an employee or to provide termination beneffts. 1.12 Rotlr•m•nt benoflts Payments to defined contributlon retirement benefit 8cheme$ are charged as an expense as they fall due. Crfllcal acGountlng ••llmato• and Judgamonts In the appllcation of the charity's accounting policies, the trust88s are required to mak8 Judgements, estlmatès and assumptions about th8 carrying amount of as$8ts and liabilities that are not readlly apparent from other sources. The estimates and associated assumptions ar8 based on historlcal exp8rlenc8 and other factors that are consldered to be relavant. Actual results may dlffer from these estlmates. The estlmates and underfylng assumptions are revlewed on an ongoing basis. Revlsions to accountlng estimal8s are recognised In the p8riod in which the estimate is reSed where the revlsion affects only that period, or in the period of the revision and future periods where the revision affects both current and future P8riods. Key 8our¢o8 of e$tlmatlon uncertalnty Flxed As80ts The annual depreclatlon charge on fixed assets depends primarily on the estimated lives of each type of asset and estimates of residual values. The directors regularly review thes8 asset lives and change them as necessary to reflect current thinking on remainlng lives in light of prospective economic utillsation and physical condition of the assets concerned. Changes in asset lives can have a signrficant impact on deprecialion and amortisalion charges for the perlod. Detall of the useful lives is included in the accountlng policies. D8btorn Short 18rm debtors are measured at transaction price, 18ss any impairment. Impaimient of such debtors involv8s some e51imation uncertainty. Restrlcted and Unrestricted Fund8 Judgements are made In relalion to allocation of income and 8xp8ndure to restrictad and unrestricted fijnds. The allocation of funds is based on th8 interpretation of grants and donations received. -32-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incorno from donatlons and1ogacle8 Unro1tricted Ro8lrfctsd funds fund• 2024 2024 Total Unrebtrlctod Rostrlcted fund8 funds 2023 2023 Total 2024 2023 Donatlons and gffts 8,955 11,019 19,974 17.584 2,800 20.384 Incomo from other tradlng actlvlllo• Unroatrlctsd Unrn8lrf¢tsd funds fund8 2024 2023 Tradlng activity income: other 8,187 2,000 Incom• from Inveslmonts Unr•strlcted Unro8trlctod funds funds 2024 2023 Interest receivable and Snvastment Income Rental Income 52,922 8,411 28,381 8.411 61,333 36,792 othor In¢omo Unro8tricted Re8tr1cted funds fund$ Total Unrestrl¢tod Restrlctod fund8 funds Total 2024 2024 2024 2023 2023 2023 other Income 9.281 45,066 54,347 46,931 95,588 142,519 -33-
A8HTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEO FOR THE YEAR ENDED 31 MARCH 2024 In¢¢ffl•lr•m ¢h•rltsb1•4GthIM VWn• a TAlTrlwth ChlldgaTr Yty¥th e•fflfflun OthirPrnJ• Mw¥iH••Nh eMplM•nI F•rnlly Dw•lopm•nt P•wlopm•nt ••Thlo support Prvgrnmmi Pwrwnrn 2024 20x4 2014 1024 1,435.144 e89,164 1.367.278 88113 128.838 309,398 4,782.256 B,J06.626 An•ly•li byfund Ithro•d fun R•¥trl¢l•d funds 080,276 854,888 78,000 1.f89.240 693,464 188,038 94,109 7e8.029 1,887 128,965 169,055 2,001,447 149,441 2,860,809 Z180,108 3,326,618 1,43S,144 e69,484 1.357.278 862.138 128,830 309,396 4.762,258 5,500,828 P•rfom•n¢• r•l•t•d grant¥ ¢ikns & Survfvor• S•rvlc• P•N8•t Health & Sodol Car•TNst D•pirtrnBnt r¢r Comn¥Jntth• Depirtmgnt lorlho Economy B•Ni&t Ctty Councll Chldcar• Fo•¥ EducwtlonAhONY BIJ Lottory Fund TEO hw 680.325 636.161 e60,32S 712,$84 198,903 764,023 949,048 188,657 1.270,437 270,581 83e,039 308,841 85,948 178,413 113,188 31,353 18,ge7 35,395 84,758 23.824 108,382 l.Cé7,119 287,742 183,808 198,044 30B.396 1,347,011 1,Q67,119 287,742 123,098 69,710 196.044 42,824 e38,111 346,773 10,107 835,65S 1,435,144 e69,484 1.357.278 862,138 128,836 309.396 4,782,256 6.808,828
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL sfATEMEIIT8 (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 k%•m•from chirll•bJ• •¢tlvlll•• Porth• yMr•nd•d Jl M4rch 2023 VJotlrn•& Trnlnlno l & CowmJnfyOlh•rProJ•olB N•nt41 HMIth Ernployrn•nl F4mlly 04v•bprn•ntr D•v•lopTh•nt pport ProiNrnrn•b Pr•gnmm• Chwllabl• 1,834,S75 1,372,820 1,421,208 718,6S3 142,985 218,317 5,ioe,826 AN1 by lund unrnltrdI}dl R•strktsd fund• 787,203 71,e01 1,148,752 847,372 1,301,219 274,844 9,238 709,415 139,774 2,180,108 78,543 3,328,518 117.425 1.634.676 1,372,820 1,421,296 718,853 142.ee5 218,?17 5.506.828 P•rforrn•nu r•lit•d grnnts s & SuNlvor• SeNk• BeNBiI H•aXh & Sodol C•r•TN•t D•yrtrn•ntfor CommunKI•B D•pwtsMèrtfor the Eccfiomy BèW8st Chy CounG Chlldcaro Fe EdtIon Auththy B Lott Fund or 784.023 787.203 784,023 848,848 188,$67 1270,437 270,681 838,038 308,841 85,948 835,55S 181,e45 ,782 105,724 1,270,437 61.063 14,228 27.977 eo,492 836,038 84,082 23.600 10,844 308,841 85.948 26,540 e3,349 10.638 227,399 313,104 195,025 1,834,576 1,372,420 1,421.296 718.853 142,90S 216.317 5,508,82Q
ASHTON COMMUNITh TRUST NOTESTO THE FINANCIAL STATEMENfd ICONTIt4UEDI FOR THE YEAR ENDED 31 MARCH 2024 Ev•ndlI Ir¢m ch4rtl•bl• •ctlvM•• Vlctlm• • Yrnlnlng & Chlldcar• & Youth Communlty M•nt41 H•alth Employm•nt F•mlly D•v•lopm•nt D•v•lopm•nt 8•rvlc S•ThlG Support Pmornmmm ProllMmm•• 2024 2024 2024 X+24 Oth•r Prol•GI• Tol•l Z024 2024 2023 Stlffcrti Dew8cWknn and IMont Renl & rnto H•, Ibghl & po% CouThwllng & Ih•rapouC super¥b)I d•lfv•ry Go8t D•yMr•delbVfrryItl Olh•r¢¢#• 619,214 17,143 45,891 586,1 6,518 18,514 1228,814 17,070 55,848 39.746 414,215 8.855 7.737 20,728 142.111 118,076 2,SCpJ 3.144,422 53,080 135,885 119,588 89,IX+ 459,179 4470,037 87,421 196,877 7è,186 7,580 140,447 33.380 970,405 19,n8 8,391 89,120 59.819 27,859 128 289,358 82.037 646.391 78.382 101,th)3 133,on 18,590 188.185 1,073,303 1,393,229 731,799 1,441,313 •14,743 183,768 409.725 5,074,577 6.714.313 1,3fr3,229 n1,799 1.441.313 914,743 183.768 409,72S S,Q74,577 5,714,313 Anity•li byfund Unrntrld•dfundi R•rttod lund8 488,854 906,37S 144,330 687,469 1,248,611 192,702 150,475 784,%8 18,590 187.17 196,16S 213,$6D 2.243,025 2.831,552 2,272,380 3,441.953 1,393,229 731,791 1,441,313 914,743 183,76B 409,726 5.074,577 6,714,313
A8HTOM COMMUNITY TRUST NOTESTO THE FINANCIAL 3TATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 xpmdibJr•frnm ¢harflabl• a¢tt¥lll•• Porth•yMr•nd•dJ1 MAh ZU2¥ Vktlm• & Trnlnlng & ¢hlld¢ar• & Youth CommunltyOlh•rProl•¢ty M•ntal N•aHh Empltsym•nt Fimlty O•v•lopm•nt D•v•lopm•nt 8•Jwl¢ 8•r4lc•i 8upport Pr¢4rtmmM Prollramm Total 2023 4S1,987 22,087 53,458 12,439 7S8,$80 lo,0 1,204,320 1,081,161 11.è28 50h01 18,101 372,732 125,681 233,898 10,377 23,522 10,13• 3.470,037 87,421 1,877 79,168 758,58CI 140,447 33,38D 970,405 DOw•dlOn Ind IMm?nt R•rl& rth• H•¢ Ilght S pmr cry•110 & th•Mp•ulc •UPw¥10n1 Trakning d•ltrrforye4) D•)tar•ddlv•ry¢o•l• Oth•r colts 88,032 17.198 1,528 21.114 1.938 175 63.820 9n 33.380 158,151 31,780 246,$31 61.146 341.648 30,070 133,861 1.$52,302 1,403,187 1.382.603 780,579 160,481 455,161 5,714,313 1.552.202 1,403,187 1.362.e03 780,579 160,481 455,161 5,714,313 by lund 670.S78 801,72e 86,841 1,318,348 1,094,8b9 277,714 43,034 737,545 366.637 98.324 2,272,3eo 3,441,9 R•itrlct•d fvnd$ 130,098 1.552.302 1,403,187 1,362,e03 780,$7 180,481 455,181 S,714,313 -37-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEmEr8 (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movoment In funds 2024 2023 The net movement In funds Is stated after charglngl(crediting): F8as payabl8 for the audit of the charivs financlal stat8ments Depreciation of owned tangible red assets Loss on disposal of tangible fixed assets 4,050 53.080 6,976 4,050 87,421 37.854 10 Audltorf8 rnmuneratlon Fa0• payabl• to tho ¢harfty8 audltor and as•oclate8: 2024 2023 Audli of the charlty'8 annual a¢count8 4.050 4,050 Other 8arvlco8 to tho group . Audit Df the charity's subsldlarfes 3,780 3,800 Total audlt fo 7,830 7.650 11 Trustees Nono of the trustees (or any persons connected with them) received any remuneratlon or benefit5 from the charity durlng the y8ar. 12 Employe•• The av8rag8 monthly number of employees durtng the year was: 2024 Number 2023 Numbor 142 160 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 2.754,281 210,324 179,817 3.032.329 236.563 201.145 3.144,422 3,470.037 Durlng the year, the charity incurred redundancy costs totslling £28,098. -38-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employees (Contlnuod) Th8 number of employees whose annual r8muneration was more than £60,000 15 as follows: 2024 Number 2023 Number £60,001 to £70,000 Rwnunorallon of koy manageniont p•rnonno1 The r8mun8ratk)n of key management personnel was as follows.. 2024 2023 Aggregate compensatlon 254,100 243,597 There were no other transactlons wlth related partles requlrlng disc108ure. 13 othor Unrn8tr1¢tod Ro•trlctsd fund8 funds Total unrtr1¢tad Restrlcted funds fund* Totsl 2024 2024 2024 2023 2023 2023 Net loss on disposal of tanglble fixed assets Exceptional costs Other expenditure 6,976 127,457 6,978 127,457 37.854 37.854 13.347 87.883 101.230 134,433 134.433 51,201 87.883 139.084 Durfng a prior year the truslees became aware of a potentlal daim against the charltable company and in the year ended 31 March 2023. th8 result of the legal process went against the charity. The amount of any liability ts yet to be det8rmin8d but the charity's estlmate is £127,457 and this amount has been provided for. 14 TT4xatlon The charity is exempt from income tax and capital gains to the extent that its income and galns are applied for charitable purposes. No tax charge has arisen in the year. -39-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (coKllNUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Tanglble fix•d a880ts Frnohold land FlxlurO5 and Comput•rn and bulldlngs flttlng Tolal Group Cost At 1 April 2023 Additions Di8PO8al8 564,898 201,564 181,191 5,548 19.956 (8.729) (12,805) 927,653 25,504 (21.534) At 31 March 2024 564.898 198,383 188,342 931.623 Deproclatlon and lrnpalrm•nt At 1 Aprll 2023 Depre¢latlon charged In th8 y8ar Eliminated in respect of dl8PQ8al8 241,196 11,298 69,382 22,038 (5.044) 83,023 19,744 (9,514) 393,801 53,080 (14,558) At 31 March 2024 252,494 88,376 93.253 432,123 Carylng amount At 31 March 2024 312,404 112,007 75,089 499,500 At 31 March 2023 323,702 132,182 78,168 534,062 Tanglbl8 fixed a880ts Freehold land Flxtur•B and Compui•r• and bulldlng• Ilttlng• Total Charlty Colt At 1 April 2023 Additlons Transfer between categorles 584,898 158,403 161.191 4,088 19,956 (8,729) (12,805) 882,492 24,044 (21.534) At 31 March 2024 564,898 151,762 168,342 885,002 Depreclatlon and Impalmient At 1 April 2023 Depr8dation chargod in the year Impalrment Ioss88 241,196 11,298 44.327 16,885 (5,044) 83,023 19,744 (9,514) 368.546 47,927 (14,558) At 31 March 2024 252,494 56,188 93,253 401,915 Carylng amount At 31 March 2024 312,404 95,594 75.089 483,087 Al 31 March 2023 323,702 112,076 78.168 513,946 -40-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Flxod a880t Inv08tmonts Charlty Ashton Community Trust is the controlllng party of Ashton Services (Nl} Limited and New Lodge Arts, which is charitable company. Both are Incorporated in Northern Ireland and limited by guarantee. The results of those entltles are consolidated Into these financlal statements. 17 Dobtorn 2024 2023 Amounts falllng due wlthln ono yoar. Group Trad8 d8btor8 Oth8r debtors Prepayments and accrued Income 16,521 788,244 248,882 8,305 1,017,230 848,844 1,053,627 1,672,379 Charfty Trade debtors Other debtors Prepaym8nts and accrued incom6 16,522 788,244 233,818 8,304 1,023,436 640.873 1,038,582 1.670,613 18 Cr¢dltorn: amounts falllng due wlthln ono yoar 2024 2023 Group Other laxation and social securty Deferred Income Trad8 Creditors other creditors Accruals 51.193 78,244 130,565 42,187 95,893 51,389 163,438 145,507 41,103 68,645 19 398,082 470,080 Charfty other taxation and social security Deferred Income Trade creditors other creditors Accruals 51,193 78,244 131,687 38,206 83,379 51,389 132,662 145,189 38,076 74,851 382,709 442,167 -41
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THEYEAR ENDED 31 MARCH 2024 19 Doforrnd Incomo 2024 2023 other deferred income 78,244 163.436 D8ferrod income Is included In Ihe financlal statsments as follow8: 2024 2023 D8f8rr8d income Is Included wllhln,. Current Ilablliti8s 78,244 183.436 Mov8ments In the year: D8f8rred Income at 1 April 2023 Released from previous perlods Resources deferred In the year 183,438 (163,436) 78,244 143.051 (143,051) 163,438 Deferred income at 31 March 2024 78.244 163,436 20 Provl$lons for Ilabllltles 2024 2023 ClaSm 127,457 Movements on provlslonl: Clalm Additional provlslons in the year 127.457 Durlng a prior year the trustees becam8 aware of a potential claim agalnst th8 charitable company and In the year ended 31 March 2023, the result of th8 legal process went agalnsl th8 charity. At the time of approving the financial statements for the y8ar ended 31 March 2023 the amount of any liability was y8t to be determined and the trust88s were of the opinion that all costs and liabilitl8s associated with the clalm would be Covered by tha charfty's insurance. The latest position is that the trustees are unsur8 rf insurance will cover the full amount of any daim and it Is now deemod more appropriate to recognis8 a provision in the financial slatements for the year ended 31 March 2024. The amount of the liability is still yet to b8 determined but the charivs estimate is £127,457 and this amount has been recognised as a provision at 31 March 2024. -42-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Rallrnmont benefft 8chome8 2024 2023 Defined Gontrlbutlon 8chome8 Charge lo profft or10&8 in respect of defined contribution schemes 179.817 201,145 The charlty operates a defined contrfbution pension scheme for all qualSfylng 8mploy88s. The assets of the scheme are held Separately from those of the charlty In an Independently administered fund. 22 Flnanclal commltmont8p guarants08 and conllngont Ilablllllo8 As disc105ed In note 20, the charlty has made provision for the estimated liablllty arlsing from a dalrn agalnst the charity. The actual Ilability18 yat to be determined. As standard wlth grant Income, a portlon of grants recelved may be¢om8 repayable if the charitable company fails to comply wlth the terms of the letter of offer. -43-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS ICOIITINUED} FOR THE YEAR ENDED 31 AIAR¢H 2024 23 Rwlt1ct•d ldI Th•r••lrl•d fund• ol th• ¢haTIty th• un•xwda b•lK•• cl lonths grnnll h M tru1 Io iF•¢llk donors a• to how th•y n Mov•m•nt In lund• lTh•omlni R•iourq•• 1 WI 2022 •Mynd•d Mov•m•ntln lund• nif• ¥fi•f•rn IAprf1202J 2024 Group rlnY8 & Mental H•ifth S•rvk•• Trnhlng & Employment S•NI¢•• ChllJ¢w• & Famlty Support Sw¥1% Y•uth D¢wloprn8rt Progrnmmol Communty Devqbpn¥Jnl Pmymmm (Nhw PMl•(• 122,534 847,372 1881,7281 100,254 6,571 1,301.219 11,316,345) ,68S 22,763 274,$4S 1277,7161 116,373 23,S28 709.418 1737,5451 21,533 141,967 117,425 113D,0981 114,6391 93.1C 174.929 1186.4071 114¥ 37, 854,868 593,484 188,038 7e8.029 t26,969 205,526 (908,37SI 1587,4701 1192,7021 1764,2871 1187,1791 1213,5591 51,507 37,928 S,994 3,220 19,932 114.656 81,4e6 68,890 174,4451 16521 89,384 72,801 408.489 3,424,90e 13.529,8301 150,3201 264,219 2,738,884 12,831,652) 4e,544 200,105 Ch*ty ¢lkn$ l Menlal H•ofth 88rv Tr4lnlno & Employment S•r¥l9 hibacar•& F8rn1i¥ SuppDrt Servlc Youth D?10pMnI Pr¢ornmm8s Crrrmunty Dw•bpm•nt Progrnmm81 Oth•rPrr)hct8 122.634 847,372 (881,7261 150,2541 5.571 1.301,219 11,316,345) 9,555 22,783 274,545 1277,7151 118,3731 28.551 513,038 1621,2731 21,633 62,417 117,428 1130,0981 114,8391 •2,454 174.929 1188,4071 11421 37,926 854,888 IW,3761 693,4164 1687.4701 188,038 1192,7021 832,812 1846,95n 128,889 1187.17&1 205,628 1213.6691 61,807 37,928 5,994 3,220 41,849 35,105 BO,834 27.504 6.105 72,801 334,2KI 3,228,528 13,313,664) 160.3201 188,834 2,801,477 12,714,2421 58.056 144,225 $••poto26fcr oxplunatory not•1 loth• lund•. 44-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Deslgnatod fund8 - Charfty and Group The unrestrlcted funds of the charlty comprise the unexpended balances of donatlons and grants whlch are not subject to Specific conditions by donor5 and grantors as to how they may be used. These Include designated funds which have been set aslde out of unrestri¢t8d funds by the trustee5 for specrflc purposes. 8alan¢o al Tr•nBforn 1 Aprll 2022 B•lanc• at 1 Aprfl 2023 Ihn•ler• Bal¢9 at 31 March 2024 Fixed asset reseNe Programme related Investmenl 587.472 1,047,469 (73,525) 513,947 {30.240) 1.017.229 (30,880) (230,122) 483,087 787,107 1,834,941 (103.785) 1,531.176 (260,982) 1,270.194 S88 note 25 for explanatory notes to the funds. 26 Explanatory not•s to the fund8 These funds are avallable for use at the dlscretlon of the trustees Sn furtherance of thelr charltabla objectivas. FLK8d asset reserve Is equlvalent to the net book value of the tharfty's fixed assgts that are used in furtherance of the charitys actlvllles. Programme related Investment represents a loan to Ashton Centre Development Llmited. Although this investment generates some financial r8turn, its prlmary motivation is not financlal but the actual fijrtherance of the charltys objects, glven th8 commonality of many of the objectives of both charltlas. Victims & Mental Health Services receive funding from th8 Vlctims and Survivors Seprfice towards staff cosls and delivering a wide range of activilies such as talking theraples, complementary theraples and social support. Tralnlng & Employment Servlces receives funding from the Department for Communities to dellver an 'Essonlial Skills, (English, Maths, ICD programme. Childcare & Family Support SeDAces recefves fundlng towards Kinderkids staffing from the Departm8nt for Communities and the Pathway Fund. New Lodge Youth Club receives a number of grants from the Education Authority tackling a range of socletal issues. Communlty D8V8lopment receives funding from the Community Relations Council and the Department for Communities. Transfers During the year, there were transfers from unr8Stric18d funds to restricted funds to cover overspends in rtain projects. -45-
ASHTON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 26 Analy818 of not as80ts botWo•n funds - Group Unrnstrlcted Restrlcted funds fund8 2024 2024 Total Total 2024 2023 Fund balances at 31 March 2024 ar8 represented by: Tangible assets Current assetsl{liabilities) Provlsions 487,232 1,628,351 (127.457) 12,288 499,500 534,052 193,837 1,822,188 1,963,092 (127.457) 1,988,126 206,105 2,194,231 2,497.144 27 8ub8ldlarfe8 (btalls of the Charity's 8ubsldSarias at 31 March 2024 are as follows: Namo of undortaklng Regl8tor•d offl¢e Naturo of buslnog8 Clas• of % H•ld •haro8 hold Dlrect Indlr•ct Ashton Sarvlces (Nl) Ltd 5 Churchlll Street, Belfast, BT15 2BP 5 Churchill Street, Belfast. BT15 2BP Domiant Limited by guarantee 100.00 New Lodg8 Arts Educatlonal actlvlte8 Limited by guarantee 100.00 28 Analys18 of changos In n•t fund• The charity had no mat8rlal debt during tha year. 29 Cash gon•ratod from oporatlons 2024 2023 DetlGit for the year (302,913) {145,076) Adjustments for.. Inveslment income recognlsed in statement of financlal activiti88 Loss on disposal of tangible fixed assets Depreclatlon and impairment of tangible fixed assets (61,333) 6,976 53,080 (38,792) 37,854 67.421 Movements In worklng capital: Decrease in debtors InCrease/(decasej in creditors {Decrease) In provisions {Decrease)lincrease in deferred income 618,752 13,194 127,457 (85,192) 408,633 (190,767) 20,385 Cash gonerated from operatlon8 370,021 161,658 -46-