Charlty Numbgr: NIC104795 St Marys Youth Centre Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2023
St Marys Youth Centre CONTENTS Pago Trustees. and Other Infomalion Truslees. Report Statement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet Noles to the Financial Statements 9-12 Supplemenlary Information relating to the Financial Statements 14
St Marys Youth Centre TRUSTEES. AND OTHER INFORMATION Charity Number in Northern Ireland NIC104795 Principal Addres$ St Marys Youth Centre Obins Slreel BT62 1 BT Northem Ireland Independent Examiner MG accolinlanis Chartered Accountants and Registered Auditor IPortadownl 25-27 Carlelon Street Co. Down BT62 3EP Northem Ireland
St Marys Youth Centre TRUSTEES, REPORT lor Ihie Iiriaiici31 year eri¢Jed 31 Mciich 2023 The Irusleps present Iheif TrLFSlees' Report and ltr uiiaLKliied fin(Inoal staleieI5 foff Ihe ffftarioal yeaf ended 31 larch 2023. The fiiiaiicial sldletnenls ale prepèied in accordan wth Ihe Chaniie5 4c1 (Northem Iielandl 2008 FRS 102 'The Finai)Lial Reporting Siandard appIlLab In Ihe UK avd Republic of Ireland" and Accouniing and Reporting by Charities Staiemeni DI RecommenoFeLI Practice applicab lo charilies grepaiii)g Ih*.Ir financial slalemÈnis In accordan wilh the Financial Repoitjiig Slandard applicat>le In the UK aTid Republic of Irelai)d IFRS 1021. The Trustees, Report contains the rnfomation QuIred lo be prowded In Ihe TnJslees' Annual Report under the Slalen7ent of Recomfflendefj pract1 ISORPI guidelines The Irusiee5 of the company ale also chafity Irusiee5 for the purpose of chariiy law and undei the ionipaiiy s cofislilulion are know as rnembefs of Ihe b)ard ol Iruslees. ln this report Ihe Irusiees of si Kiary5 Youlh Cenlre present a surnmary ol Ils purpose g)vemance. actiMlies. achievemenls and finanS for Ihe finano31 year 31 klarrh 2023. The chaiily 15 3 reg15tered chanty and although nol obliged 10 compty wilh the Sièiemenl of Recommendeil Praclice applicable Iii the UK and Republic of Ireland FRS 102. Ihe organisalion has Itnplemented Ils re(x)mwendalion5 where ielevani In these finanoal statemenis. Financial Review The resulls foi Ihe finanoal year are sel out (NI page expenditure In g¥eater detail_ and addtlional noles are provided showng Income and Results and Divtdends Al the end of Ihe financial year Ihe chanly ha5 assets of £108.471 12022 £87 59713nd Iiabili'ies of £1447 12022 £3 2331. The nei assets ol Ifie chafity have increased by £22 660 In accordance wlh Ihe Conslilulion. Ihe Ifuslees retire by rolabon and. being elwible. offer thern5ees Ioi Te-election. Compliance with Sector-wtde Legislalion and sndards The chdrity engèges pro-actively i'J,.Ih le9islatlQP. 51andards and c(xles vknid) ace developed lor the sector. Sl Marys Yokslh Centre subscnbes 10 aiid Is LA)InplianL wilh the rdiong. The Chanlies SORP IFRS 1021 Approved by the Management Committee on nd signèd on its bohalf by:
St Marys Youth Centre STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 March 2023 The trustee5 are responsible for pteparTng the financial stalernenls In accordance i'Alh applicable law and regulations. The law applicatsle to chanlies In Northein Ireland requires Ihe Iruslees to PTepafe finan31 slalements lor each financ131 yeaT whith give a te and fair wew of Ihe assels. Iiabililies and fii)ancial position of the charily a5 al the financial year end dale 3nd ol the surplus or deficil of Ihe chafity and olhetwse coiiiply iv)Ih the Ch3riiies Act INorthern Irelan(112008. In prepantig these fii)an&al slalemetils. the Irusiees afe feqLlifed lo select sui13ble 3ccounling policies and appty Iheln cons151enlty. observe the melhod5 and pnnuples In Ihe Chaiilies SORP make iudgemenls at¥J accounling eslimaies Ihal are rea50n3blE and piiJdenl. stale whether the financial slaletneDiS have been prepared in accordance viiih applicable accountln9 standards. Identify Ihts5e slaiidards. aiid note ihe eflecl arid Ihe feasons for any malenal departure from Ihose sl3ndartss and Prepare the financial staletnents on Ihe going ConCM basis unless Il Is Inappropriale lo prasume ihal Ihe charity wll continue In operalion. The tiustees confimi Ihal Ihey have comphed wlh Ihe above wuirements In pfepafftng the finano31 slaletnents. The Iruslees are reSpOn&b for keeping adequaie accounting records ltr.al are sufficient lo show and explain the chanty's transactions ard disclose wlh ¥easonat>le a-curacy al any l¢nie the financial posii.'on of Ihe charity and enable them lo ensure Ihal the financial s131emenls ccfflply wth Ihe Cliarilies Acl (Northern IreladI 2008. They are also respon51ble lor safegJarding the assets of the chanty and hence foi iaxing reasonable sieps lor the prevent10n aiid (Jeleclion ol fraud an.d other irregulantses. Approved by the PAanagement Commi¢tse on and signed on its bohalf by..
St Marys Youth Centre INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMITTEE OF ST MARYS YOUTH CENTRE We have examine(I the financial slalements of Ihe charity for the financial year ended 31 Mar¢h 2023, which cornprise Ihe Statement of Finan31 Activities. the Balance Sheet and the reLqted notes. This reFX)rt is tnade solely lo the charity's members, as a body. in accordan with the Charities Act (Northem Ireland) 2008. Our work has been undertaken so that we might compile the financÈal slalemenls that we have been engaged lo compile. report lo the Management Committee that we have done so. and stsle those mallers that we have agreed to state lo them in Ihis 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 membeis. as a body, for our work, or lor this report. Respe¢tive responsibilities of trnstees and examiner The charity's trustees are responsible for ,e preparation of the financial slalemenls in accordance with the requirements of the Charities Acl (Northern Ireland) 2008. The charitys trustees consider that an audit is not required for this financial year under the Charities Act (Norlhem Ireland) 2008 and that an independent examination is required. 11 is our responsibility lo.. exarnine the financial slalements under secb.on 65 of the charib.es Actr, follow the proce{tu$ laid down by the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act," and slate whether particular matters have Come to our attention. Basis of independent examiner's report We have examined your charity financial slalements as required under section 65 of the Charitses Act and our examinab'on was carried out in accordance with the general Directions given by Ihe Charity Commission for Northern Ireland under section 6519llb) of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. 11 also includes consideration of any unusual items or disclosures in the financial stslemenls and seeking explanations from the Iruslees con¢efning any such matters. The procedLJr8s undertakèn do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the acrnunts present a 'true and fair, view and the report is limited io those matters set oul in ihe statemenl below. In Connection with our examination. no rnatter has come to wr attention which gNes us cause lo befi8ve Ihal in, any material respect. accounbng records were nol kept in accordance with section 63 of the Charities Act the financial slalements do not accord with those accounting records the financial slalemenls have not been prepared in accoidance wth the Slalemenl of Rernrnended Practice applicable lo charities preparing their accounts in accordan(* with the Financial Reporting Standard applicable in the UK 2nd Republic of Ireland IFRS102) there is further information needed for a proper understanding of the accounts to be reached. MQ MG ACCOUNTANTS Chartere(l Accounlanls (Portadownl 25-27 Cadelon Sireel Co. Down BT62 3EP Northem Ireland Date: 1 Au9USt 2024
St Marys Youth Centre STATEMENT OF FINANCIAL ACTIVITIES for the financ1 year ended 31 March 2023 Vnrestricted Restricted Funds Funds 2023 2023 Total Unreslri¢led Reslricled Funds Funds Funds 2023 2022 2022 Total Funds 2022 Note$ Income Charitable actTvilies Grants from govemmenls and other co-lunders 20.976 129.151 150.127 6,204 147,033 153,237 Exp*nditure Charitable activities Other expenditure 320 10.526 103.951 12.670 104,271 23.196 116,654 11,125 116,654 18,624 7.499 Total Exp•nditur• 10.846 116.621 127,467 7.499 127.779 135.278 Net incomellexpenditure} 10.130 12.530 22.660 {1,295} 19.254 17.959 Transfers between funds Net movement in funds for the financlal year 10.130 12.530 22.660 {1,295) 19.254 17,959 Reconciliation of funds: Total funds beginning of the year 11 {48.3741 132.738 84.364 {47.079) 113.484 66,405 Total funds at tho end of the year {38,244) 145.268 107.024 148,3741 132,738 84,364 The Stslemenl of Financial Activities includes all gains and losse5 recognised in the financial year. All income and expenditure relate lo contsnuing activities. The note$ on page$ 9 to 12 fomi part ol the financial statements
St Marys Youth Centre BALANCE SHEET as al 31 March 2023 2023 2022 Notes Current Assgt$ Debtors Cash 31 bank and In hand 103.808 4.663 87.597 108,471 87.597 Crèditors.. A wnounts falling due within one year 11,447> 13.2331 Net Current A$sels 107.024 84.364 Total Assèts lèss Curreni Liabilities 107,024 84.364 Funds Reslncied trust funds General lund {unreslrictedl 145.268 138,2441 132.738 148.3741 Tolal funds 11 107.024 84.364 The fillanoal stalet5 have been prepared In acc(>rdante wlh Ihe provisions applicable to cornpanie5 subject lo the small companies. regiffle and in accordan wlh FRS 102-The Finantsal Reporting Slandard applicable in the UK and Republic of Ireland" apptying Seciion 1A ol Ihal Standard. Approved by the Management Committee and authorised for issue on it5 behalf by and signed on The noles an pages 9 10 12 form part of finJwal siaietrenis
St Marys Youth Centre NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2023 GENERAL INFORMATION St Marys Youth Centre is a charity iftcorporated in Northern Ireland. The registered office of the company is Sl Marys Youth Centre. Obins Street, BT62 1 BT. Northem Ireland which is also the principal place of business of the charity. The financial slatements have been presenled in Pound (£1 which is also the funelional currency of the charily. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting poliGies have been applied consislenlty in ¢Jealing with ikems which ale considered material in relation to the charity's financial ststements. Basis of preparation The financial slalements have been prepared on the going concem basis under the historical wst conventr'on, modified to include rtain items al fair value. The financial statements have been prepared in accordance with the Statement of Recomfnended Practice ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of thaE Standard. As permitted by the Companies Act 2006. Ihe charity has varied the standard lormats in that act for the Statement of Financial Activities and the Balance Sheet. Deparbjres from the standard fomials are to comply with the requirements of the Charrties SORP and are in compliance with section 4.7. 10.6 and 15.2 of Ihal SORP. statement of compliance The financial statements of the charity for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice {SORPI "Accounting and Reporting by Charities preparing their accounls in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102". applying Section 1A of Ihal Standard. Fund accounting The following are the categories of funds maintained= Restrlctèd funds Reslri¢ted funds represent income received which can only be used for particular PLtrpose5. as Specified by the donois. Such purposes are within the overall obj-ectives of the charity. Unrestricted funds Unreslricled funds consist of General and Designated funds. General funtjs represent amounts which are expendab at the discrelion of the board, in furtherance of the objects'ves of the charity. Designated funds comprise unreslriete(J funds that the board has. al Éls discrelion. sel aside for particular purposes. These designations have an administrative purpose only. and do not legally restrict the board's discretion to apply the fund. Incorne Income is recogni5ed by indusion in the Statement of Financial Aclivities onty when the charity is legally entitled lo the income, perfonnance conditions attached to the itemlsl of income have been met. the amounts involved can be measured with sufficienl reliability and il is probable that the income will be received by the charity. Income from charitable a¢tlvltle$ Income from charitable activities incluije income eamed from the supply of seTViCèS under conlractual arrangements and from perf0rrnan related grants which have conditions that specify the provision of particular services lo be provided by the charity. Income from govemment and olher co-funders is recognised when the charity is legally enlilled lo the income because il is fvlfillrng the Conditions contained in the related funding agreements. Where a grant is received in advance. its rewgnition is deferred and included in creditors. Where enlillemenl occurs before income is 1ve, il is accrued in debtors. Grants from govemments and other CO•funders typicalty include one of the following types of conditions: Performance based conditions.. whereby the char-rty is contRclually entitled lo funding only lo the exlenl that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a granl agreement. il recognises the relaled expenditure, to the extent that it is reimbursable by the donor. as
continued St Marys Youth Centre NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2023 income. -Time based con(Jilions.' WhebY the charity is conlractualty enlilled to fvnding on the wndition that it is ulilised in a particular period. In Ihese cases the charity recognises Ihe income lo the exlenl il is utilised within the pen(xl specified In the agreement. lfi the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured. grant income is recognised once the charity is notified of enlillemenl. Grants reiVed towards capital expendilure are crediled lo the Sialemenl of Financial Activities when received or receivable, whichever is earlier. Expenditure ExpenditLJre is analysed belween costs of charitable activilies and raising ftjnds. The costs of each activity are separately accumulated and disclosed. and analysed according to their major components. Expenditure is recognised when a legal or conslruclive obligation exists as a result of a past event. a transfer of economic benefits is required in selllement and the amount of the obligalioft can be reliably measured. Support costs are those functions that assi51 the work of the charity bul cannot be attributed lo one aclivily. Such costs are allocated lo activities in proportion lo staff lime spent or other suitable measure for each aclivily. Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. Income recognised by the charity from govemmenl agencies and other co-funders, but not yet received at financial year end, is iricluded in debtors. Cash at bank and In hand Cash al bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. INCOME CHARITABLE ACTivrriES Unrestricted Restricted Funds Funds 2023 2022 Grants trom governments and other co4unders: Income from charitable activities 20.976 129,151 150,127 153,237 EXPENDITURE CHARITABLE ACTIVITIES Direct Co$t$ Other Costs Support Costs 2023 2022 Expenditure on Charitab activites 26.791 77,480 104,271 116,654 OTHER EXPENDITURE Direct Costs Other Costs Support Costs 2023 2022 Other expenditure 23.196 23.196 18,624 SUPPORT COSTS Charitable Activities 2023 2022 Support 77.480 77,480 135,278 ANALYSIS OF SUPPORT COSTS 2023 2022 Support 77.480 135.278 10
continued St Marys Youth Centre NOTES TO THE FINANCIAL STATEMENTS lor the financial year ended 31 March 2023 NET INCOME 2023 2022 Net Income is stated after chargingllcrediting>- Operating lease rentals Land and buildings 17,020 EMPLOYEES AND REMUNERATION The staff costs comprise". 2023 2022 Wages and salaries 2,812 37.321 DEBTORS 2023 2022 Prepayments and accrued income 103.808 CREDoRs Amounts falllng due wlthln one year 2023 2022 Other creditors Accruals and deferred income 147 1.300 1,933 1,300 1.447 3.233 10. RESERVES 2023 2022 Al the beginning of the year Surplus for the financial year 84.364 22,660 66,405 17,959 Al Ihe end of the year 107,024 84,364 11. FUNDS 11.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 April 2021 Movement during the finanual year (47.079 {1,295) 113.484 19,254 66,405 17,959 At 31 March 2022 Movement during the financial year {48,374 10,130 132,738 12,530 84,364 22,660 At 31 March 2023 {38.2441 145,268 107,024 11
continued St Marys Youth Centre NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2023 11.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2022 Income Expenditure Transfers between funds Balance 31 March 2023 Restricted funds Restricted Unreslricted funds Unreslricled General 132.738 129,151 116.621 145,268 {48.374) 20,976 10,846 138,2441 Total funds 84.364 150.127 127,467 107,024 11.3 ANALYSIS OF NET ASSETS BY FUND Current assets Current liabilities Total Restricted trust funds 191.657 167,0821 124,575 Unrestricted general funds 73.380 (90,9311 117,5511 265,037 1158,0131 107,024 12. POST43ALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end.
ST MARYS YOUTH CENTRE SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 13
St Marys Youth Centre SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Slalemenl for the financial year ended 31 March 2023 2023 2022 Income Education Authority PBNI TBUC Youth Work Alliance Membership Subs Misc 130.651 129.215 960 15.358 1,500 {1.5001 6,000 14,976 6,204 150,127 153,237 Expenses Wages and salaries TBUC Coffee Bar EA Wages Rates Trips l Residentlals Insurance Light and heal Repairs and maintenance Telephone I Intemet Youth Intervention Minibus expenses Equipment Ac¢ounlancy Bank charges General expenses Subscriptions Chariiable donations 2.812 2,425 3.295 37,321 10,590 17.020 44.671 74 1,235 3,639 5,672 639 1,189 1,883 302 3.632 1,740 378 4,995 298 74.668 161 5.201 3.008 7.881 2,528 1.079 950 17.895 1.620 347 3.126 151 320 127,467 135.278 Net surplus 22,660 17,959 The supplementsry information does nol fomi part of the financial slalemenls 14