Charity Nurnber: NIC104795 St Marys Youth Centre Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2024
St Marys Youth Centre CONTENTS Page Trustees, and Other Information Trustees, Report Statement of Trustees, Responsibilities Independent Examine¢s Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-12 Supplementary Information relating to the Financial Statements 14
St Marys Youth Centre TRUSTEES. AND OTHER INFORMATION Charity Number in Northern Ireland NIC104795 Principal Address St Marys Youth Centre Obins Street BT62 1 BT Northern Ireland Independent Examiner MG accountanls Chartered Accountants (Portadown) 25-27 Carleton Street Co. Down BT62 3EP Northem Ireland
St Marys Youth Centre TRUSTEES, REPORT for the financial year ended 31 March 2024 The trustees present Iheir Trustees, Report and the unaudited financial statements for the financial year ended 31 March 2024. The financial statements are prepared in accordance with the Charities Act (Northem Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial slalements in accordan with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Trustees. Report contains the infomiation required to be provided in the Trustees, Annual Report under the Slalement of Recommended Practice (SORPI guidelines. The truslees of the company are also charity trustees for the purpose of charity law and under the company's conslitLrtion are known as members of the board of trustees. In this report the trustees of St Marys Youth Centre present a summary of its purpose, govemance, activities, achievements and finances for the financial year 31 March 2024. The charity is a regislered chanty and although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102. the organisation has implemented its recommendations where relevant in these financial statements. Financial Review The results for the financial year are set out on page expenditure in grealer detail. and additional notes are provided Showing income and Results and Dividends At the end of the financial year the charity has assets of £69,954 (2023 £108,471) and liabilities of £4,562 {2023 - £1,447). The nel assets of the charity have decreased by £{41.632). In accordance wth the Constitution, the trustees retire by rotation and. being eligible. offer themselves for re-election. Compliance with Sector-wide Legislation and Standards The charity engages prrTractivety with legislation. standards and codes vthich are developed for the sector. Sl Marys Youth Centre subscribes to and is compliant with the following". The Charilies SORP IFRS 102) Approved by the Management Committee on 11 December 2025 and signed on its behalf by:
St Marys Youth Centre STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2024 The trustees are responsible for preparing the financial stslements in aCrdance with applicable law and regulations. The law applicable to charities in Northem Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets. liabilities and financial position of the charity as at the financial year end date and of the surplus or defi¢it of the charity and otherwise comply with the Charities Act (Northern Ireland) 2008. In preparing these financial statements. the trustees are required to= select suitable accounting poliaes and apply them consislenlly- observe the methods and principles in the Charities SORP make judgements and accounting estimates that are reasonable and prudent- stale whetfrier the financial 8tatemenls have been prepared in accordance with applicable acexsunting standards, identify those standards. an(1 note the effect and ihe reasons for any material departure from those standards.. and prepare the financial stalements on the going conrn basis unless it is inappropriate to presume that the charity will conb'nue in operation. The trustees confimi that they have complied with the ave requirements in preparing the financial stalements. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the harily's transactions and 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. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevenlion and detedion of fraud and other irregularities. Approved by the Management Committee on 11 December 2025 and signed on its behalf by:
St Marys Youth Centre INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMITTEE OF ST MARYS YOUTH CENTRE We have examined the financial staternents of the charity for the financial year ended 31 March 2024, which comprise the Statement of Financial Activities. the Balan Sheet and the related notes. This report is made solely to the charitvs members. as a body, in accordance with the Charities Acl {Northern Ireland) 2008. Our work has been undertaken so that we might compile the financial statements that we have been engaged lo compile. report to the Management Committee thal we have done so, and stale those matters thal we have agreed to stale to them in this report and for no other purpose. To the fullesl extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for our work, or for this report. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial statemenls in accordance with the requirements of the Charilies Act {Northem Ireland) 2(KJ8. The charivs Iruslees consider that an audit Is not required for this financial year under the Charibes Act {Northem Ireland) 2008 and that an independent examination is required. It is our responsibility to-. examine the financial statements under sedion 65 of the Charities Acl.. follow the procedures laid down by the general Directions gtven by the Charity Commission for Northern Ireland under section 65{9){b) of the Charities Act.. and state whether particular matters have come lo our attention. Basis of independent examineVs report We have examined your charity financial statements as required under section 65 of the Charities Act and our examinalion was carried out in accordan with the general Direclions given by the Charily Commission for Northern Ireland under section 65(9)(b} 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. It also includes consideration of any unusual items or disclosures in the financial stalements and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limiled to those matters set out in the statement below. In connection with our examination. no matter has come to Our attenlion which gives us cause to believe thal in, any material respect.. accounting records were not kept in accordan with section 63 of the Charities Act the financial statements do not accord with those accounling records the financial statements have not been prepared in accordan with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) there is further information needed for a proper understanding of the accounts to be reached. MG ACCOUNTANTS Chartered Accountants (Portadownl 25-27 Carleton Street Co. Down BT62 3EP Northern Ireland Date: 11 December 2025
St Marys Youth Centre STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 March 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Reslricled Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Income Charitsble activities Grants from governments and other co-funders 13.816 93,109 106.925 20.976 129,151 150,127 Expenditure Charitable activities Other expenditure 122.801 25,229 122,801 25.756 320 10.526 103,951 12,670 104,271 23.196 527 Total Expenditure 527 148.030 148,557 10,846 116,621 127,467 Net incomel(expenditure) 13,289 (54.9211 {41.6321 10,130 12,530 22,660 Transfers betsveen funds 25.000 (25,0001 Net movement in funds for the financial year 38,289 {79.921) (41,632) 10,130 12.530 22,660 Re¢onciliation of funds: Total funds beginning of the year 10 (38.244) 145,268 107.024 {48,374) 132,738 84.364 Total funds at the end of the year 45 65,347 65,392 (38,244) 145,268 107,024 The Statement of Financial Activities indudes all gains and losses recognised in the financial year. All income and expenditure relate lo continuing activiiies. The notes on pages 9 10 12 form part ol the financial statements
St Marys Youth Centre BALANCE SHEET as at 31 March 2024 2024 2023 Current Assets Debtors Cash at bank and in hand 103,808 4.663 69,954 69.954 108,471 Creditors: Amounts falling due within one year (4.562) (1,4471 Net Current Assets 65,392 107.024 Total Assets less Current Liabilities 65,392 107.024 Funds Restricled Irust funds General fund (unrestricted) 65.347 145,268 (38,244) Total funds 10 65.392 107,024 The financial statemerlts have been prepared in accordance with the provisions applicable to companies subject lo the small companies. regime and in accordance with FRS 102 'The Financial Reporting Standard applicable ir¢ the UK and Republic of Ireland" applying Se70n 1A of that Standard. Approved by the Management Comrnittee and authorised for issue on 11 Decernber 2025 and signed on its behalf by The notes on pages 9 to 12 fomi part of the finanaal statements
St Marys Youth Centre NOTES TO THE FINANCIAL STATEMENTS for Ihe financial year ended 31 March 2024 GENERAL INFORMATION St Marys Youth Centre is a charity incorporated in Northem Ireland. The regislered office of Ihe company is St Marys Youth Centre. Obins Slreet, 8T62 18T. Northem [land which is also the principal place of business of the charity. The financial statements have been presented in Pound (£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relalion to the charity's finanaal statements. Basis of preparation The financial statements have been prepared on the going concem basis under the historical cost convention, modified to include certain items at fair value. The financial statefflents have been prepared in acGordan with the Statement of Recommended Practice {SORP) "Accountin9 and Reporting by Charilies preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As pem)itted by the Companies Act 2006. the charity has varied the standard fomiats in that act for the Slalement of Financial Activities and the Balance Sheet. Departures from the stsndard formats are to comply with the requirements of the Chartlies SORP and are in Complian with section 4.7, 10.6 and 15.2 of that SORP. ststement of Compliance The financial statements of the charity for the finanLial year ended 31 March 2024 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" apptying Section 1A of that Standard. Fund accounting The following are the categories of funds maintained: Restricted funds Restricted funds represent income received whth can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity- Unrestricted funds Unrestricted funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of the board, in furtheran of the objeclives of the charity. Designated funds comprise unrestricted funds that the board has. at its discretion. set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fijnd. Income Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, perfornian conditions attached to the item(s) of income have been met, the amounts involved can be measured with suffiaent reliability and it is probable that the income will be received by the charity- Income from charitsble activities Income from charitable adivities include income eamed from the supply of servios under contractual arrangements and from perf0mlan related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received. it is accrued in debtors. Grants frorn govemments and other ccpfunders typically include one of the following types of conditions.. Performance based condttions: whereby the charty is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a grant ageMent, it recognises the related expenditure. to the extent that rt is reimbursable by the donor, as
nlinued St Marys Youth Centre NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 income. -Time based conditions.. whereby the charity is contractually entided lo funding on the condition that it is utilised in a particular period. In these cases the charity recognises the income to the extent it is ulilised within the period specified in the agreement. In the absence of such conditions, assuming thal reIpl is probable and the amount can be reliably measured, grant income is recognised once the charlty is notified of entitlement. Grants received towards capital expenditure are uedited to the Statement of Financial Activities when received or receivable, whichever is earlier. Expenditure Expenditure is analysed between LX)Sts of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed. and analysed according to Iheir major components. Expenditure is recognised when a legal or conslructive obligalion exists as a result of a past event. a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of Ihe charity bul cannot be attributed to one activily. Such costs are allocated to activib'es in proportion to staff time spent or other suitable measure for each activity. Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders. but not yet reiVed at financial year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. INCOME CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2024 2023 Grants from governments and other co-funders: Income from charitable activities 13.816 93.109 106,925 150.127 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2024 2023 Expenditure on charitable activttes 24,849 97,952 122,801 104,271 OTHER EXPENDITURE Direct Costs Other Costs Support Costs 2024 2023 Other expenditure 25.756 25,756 23,196 SUPPORT COSTS Charitable Activities 2024 2023 Support 97,952 97,952 77,480 ANALYSIS OF SUPPORT COSTS 2024 2023 Support 97,952 77.480 10
continued St Marys Youth Centre NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 DEBTORS 2024 2023 Prepayments and accrued income 103,808 CREDITORS Amounts falling due within one year 2024 2023 Taxation and social securtty costs (Note 8) other credtlors Accruals and deferred income 1,947 1,315 1,300 147 1.300 4,562 1,447 TAXATION AND SOCIAL SECURiri 2024 2023 Creditors: PAYE I NI 1.947 RESERVES 2024 2023 At the beginning of the year (Deficil)Burplus for the financial year 107,024 (41,632) 84,364 22,680 At the end of the year 65.392 107.024 10. FUNDS 10.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 April 2022 Movement during the financial year {48,374) 10.130 132,738 12,530 84,364 22,660 At 31 March 2023 Movement during the financial year (38,244) 38,289 145,268 {79,921) 107,024 141,632) At 31 March 2024 45 65.347 65,392 10.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2023 Income Expenditure Transfers betMeen funds Balance 31 March 2024 Restricted funds Restricted Unrestricted funds Unrestricted General 145,268 93.109 148,030 (25,0001 65,347 (38,244) 13.816 527 25,000 Total funds 107.024 106,925 148.557 65.392 11
continued St Marys Youth Centre NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 10.3 ANALYSIS OF NET ASSETS BY FUND Current assets Current liabilities Total Restricled trust funds 225.539 (166.157) 59,382 Unrestricted general fvnds 73.380 (67,370) 6,010 298,919 (233,527) 65,392 11. POST-BALANCE SHEET EVENTS There have been no significanl events affecting the Charity Sin the financial year-end. 12
ST MARYS YOUTH CENTRE SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 13
St Marys Youth Centre SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 March 2024 2024 2023 Income Education Authority Youth Work Alliance TEO Membership Subs Misc 81.249 130,651 11,500) 11.860 9.821 3,995 6,000 14,976 106,925 150,127 Expenses TBUC Coffee Bar Wages Rates Trips / Residentials Insurance 2,425 3,295 74,668 161 5,201 3.008 97.952 179 8.191 3.488 1.396 11.257 1,285 3.440 1,428 2.473 89 13,104 2,976 527 533 239 EA Light and heat Repairs and maintenan Leadership Costs Telephone I Inlernet Minibus expenses Printing, Stationery & Advertising Equipment Accountancy Bank charges General expenses Subscriptions Charitable donations 7,881 2,528 2,812 1,079 950 17,895 1,620 347 3,126 151 320 148,557 127,467 Net Ideficitllsurplus (41.632) 22.660 The supplementary infomation does not form part of the financial statements 14