Charlty Reglstratlon No. NIC105047 (Northern lrnland) Company Reglstratlon No. N1623234 ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) CHARITY INFORMATION Dlrectorn Mr J Martey Mr W Mccomb Ms S Smyth Mr J Oliver Ms C O'Kane Mr G Gtyman Secretsry Mr T Turley Cornpany numbor N1623234 Charlty number 105047 Reglstered office 11a Flax Street Beffasl BT14 7EJ Independent examlner PGM Chartered Antsnts 405 knsbum Road Belfasl 8T9 7EW Bankers First Tnjst Bank 322 Antrim Road Glengomley BT36 SEQ
CONTENTS Page Charity Infomiation Trustees. Reimxt Independent Examinerfs Report Statement of Finan¢ial Acbvtlies {induding Incorne and Expenditure Acctrjntl Balance Sheet 7-8 Notes to the Finanoal Ststements 9-14
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The tNstee$ (who a also directoTr of Ihe charitsble company for the purposes of company law). present their report and independendy examined financial stslements for the year ended 31 March 2023. The trustees confimi that the Annual Report and Finanryal Statements of the company comply with the currenl statutory requirements. the requirements of the cornpany's goveming document and the provisions of the Accounting and Reporbng by Charities. Statement of Recommended Practice. applicable to charites preparing their accounts in accordance wtlh the Financial Reporting Standards applicabl8 in the UK and Republic of Ireland (effective 1 January 2019}. Objectlves and wincipal actlvitles The prinuple objective is the prornotion. d¢veki7ent and support of the voluntary and communty sector and in partrcular to those organisalions offering youth services and support lo children and young people resident in Ardoyne, Marrowbone and Oldpark areas of North 8elfasL The trustees have paid due regard lo guidance issued by the Chality Comm¢ssion for Northem Ireland in ensuring the ¢harty's activiti.es rneet the publi¢ beneffit requirements. Achievements and perforniance The trustees are satisfied that they were able to achiev8 their objectives and delivered a wide range of activittes developing the voluntsry Se in North BelfasL Flnanclal revlew The tnjslees are satisfied the financial posibon of the tharity al the year ended 31 March 2023. The tharity has rnanaged its incoming resources effectivety in the year under review. The balanee of funds at 31 March 2023 is £176.386 (2022.. £186.5591. During the year eThJed 31 March 2023 the charity had 8 negative movement in fund5 of £10.173. The sU$ of the year are frjl sel otrt in the Statement of Financial Activitses. Golng nCern The trustees have reasonable eXtiOnS Ihal the charity can ntinue its operatTrons for the foreseeabie fvrture. For this reason, they continue lo adopt the going concem prineiple in preparing the financial statements. Rlsk management The trustees have assessed the Major risks to which tharitable company is 8xpwd. lo those relab'ng lo the operations and finances of the ccrfnpany and ar& satisfied that systems and FKccedures are in place to Mgate exposure to major risks. Statemont of Twstee8 Rosponslbllltlè• The trustees are respcmsibje for preparing the Tw$tses' Annual Report and Iha Finandal Ststements in acc¢ydanc8 wrth applicatAe and fegulatbons. Company law requires the trustees to prepare financial stslements for eath financial year. Under that law tha directors and the trustees musl rnl approve the finandal stalementg unless Ihey aro satisfied that they give a true and fair view of the stale of thg affalrs olthe charitsble (ximpany. In weparing these finan(ial statsments Ihe trnstees are required to.. selt suitabl8 accounting and appty them consistently: Make judgments and accounting estimates that are reasonable and prudent. Preparn the financial stsl&ments on going concom basis unl8ss il is inappropriate lo pffjsume that the charity will wntinue in op8ration
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The trustees are responsible for keeping adequate acct)unting records Ihat afe sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy al any time the nancial position of the charitable company and enable them to ensure that the finan81 stslements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and for tsking feasable steps for Ihe prevention aryj detection of fraud and other irregularities. This report was approved by the trustees on .... . and signed on their behatf by: William Mccomb Salty Smy
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEEI FOR THE YEAR ENDED 31 MARCH 2023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ARDOYNE YOUTH ENTERPRISES l port to the charity trustees on rny examination ol Ihe financial staternents of Ardoyne Youth Enlerprises for the year ended 31 March 2023 set tyjt on page5 6 to 14. Respectlve rnsponslbilitios of Trustees and Examlner As the charity trustees (and also the directo of the company for the purposes of company law) you are responsible for the preparation of the accounts in a¢o)rdance the requirements of the Companies Act 2006. HawrvJ satisfied myself Ihal the dwrity is nol subject to audit under company law, and is eligible for independent examination. it is my responsibility to: examine the aCunts uTrJer sectM)n 65 of Ihe Charilies (Nctr Ireland) 2(W.' follow the procedures laid dThvn in the general Directions gNen ty Ihe Charity Commission for Northem Ireland Under section 65(9Xbl of Ihe Charilies Act; and state wthetsr partvwlar matters have come to my attenti). Basls of Independent examlnerfs report I have examined your tharity accounts as required KIer section 65 of the Charities Act and my examination wa5 earried out in accordance wth the general Directions given by the Charity Commission for Northem Ireland under section 6519Xb} of the Charities Act. The examination induded a review of the accounting records kept by the charity and 8 mpariSon of the accounts presented with those records. It also induded ¢(SIderat)n of any unusual iterns or disdosures in the aOunts, and seeking explanatiC5 fmm you as charity trustees conceming any sh rnatte. My role is to state whethw any material fflatte havè come to my attenlion gNing r cause to believe.. 1. That accounting reccKds were not kept in ac¢tydarK8 Vith secticffi 386 of the Companies Act 2006 2. That the accounts do rKJI accord with those accounting feccKds 3. That the accounts do nol comply the accounting requirements of section 396 of the Companies Act 2(lJ6 and wtth thé methods arKI win&ples of the Charilies Statement of Recornmended Practice apFAicable lo chartlies preparing their accounts in accordance with the Financid Rewtbn9 Stsndard app1Kble in the UK and Republic of Ireland 4. That ther8 is further infomiation need for a proper underntsnding of the ac(x4Jnts to Independent gxamlngf 8 ststemont I have completed my examination and have rn concems In respect of the mattws (1 y to {4) listed 8t6 and. in connection with lollowing the Directions of the Charity Commission for Northem Ireknd, I have fwnd no matter8 that require dron9 to your attention. Paul McAreavgy FCA PGM charter Accou 405 Llsbum Road 8elfa¥t 8T9 7EW nt•
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) FOR THE YEAR ENDED 31 MARCH 2023 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 Unrostrlcted Funds Restricted Funds 2023 Total 2022 Tot81 Noles Income and endowments from: Donations. legaoes and tharitsble activitses 1S885 258.343 339.541 Totsl 14885 242,458 258.343 339.541 Expenditure on: Charitable adivrlies 792 267.724 268.516 263.108 Totsl 792 267.724 268.516 263,108 Net income l(expenditure) 15.093 (25.2661 110.173) 76.433 Transfers ben funds Not movement In ndS 15.093 (25.2661 (10.173) 76.433 Totsl funds brough* forward at 1 April 2022 182.950 186.559 110.126 Total fun¢ts carrfed forward at 31 March 2023 12 18,702 157.684 176.386 186.559 The StataffnI of financid acbmtses has b8en prepared on the basis that all operalions are continuiThJ OF¢rations. There are no rwised gawls or losses other than those passing Ihrcwh Ihe statement of ffftancial
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEEf AS AT 31 MARCH 2023 2023 2022 Notes Fixed assets Tangible assets 61.779 69.407 Current assets Deblo Cash at bank and in hand 40.000 91.172 81,930 Total current assets 128.592 131,172 Llabllitles: Creditors: amounts falling du8 wrthin one year 10 (13.9851 (10.099) Net current as39ts 114.607 121.073 Total assets less ¢UTrent Ilabllitles 176,386 190,480 Crgjilcrfs: amounts lalling dua after more than year 11 13,921) Nèt assets 176.386 186.559 Funds Unfestri¢ted fijnds Restricted funds 1&702 157.684 3,609 182.950 T¢)tsl fund• 176.386 186.559 For the financjal year ended 31 March 2023 the company was entitl&J lo ex8mpOon from audit under tion 477 01 the Companies Act 20fA relating lo small companies. The Trustees a¢knowled98 their responsibilities for complying with th8 requiramgnls of Ihe Companl8S Act 2006 with respect to accounting records and th8 preparation of finan¢ial stslements. The Trustees consider that the company Is entiued lo exempdon from the requir8m8nt to have an audit under the provision of sectiTh) 477 of the Companies Act 2Crf)6 aThJ Membe have not required the company lo obtain an audit for the year In question in accLYdarKe 1h sectK)n 476 of the Companie5
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023 These finanaal statements have been prepared in aCCdanCe the provisions applicable lo companies subject to the small Companies regime. The financial stslements were apPved and authorised issue ty the Board on ...... . and are signed on its behalf by: Willlam Mccomb Salty Smyth Trustee Twsteo 30 Company R8gi$tratlon No. N1623234
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 1 Accountlng poll¢les 1.1 Charfty Infornlation ArdoyTre Youth Enlerwses is a charitable company limited by guarantee. incorporated in Northem Iland. The registered office is 11a Flax Street. Belfast. BT14 7EJ and the company registration number is N1623234. In the event of the company being wouThJ up the liabilty in resFect of the guarantee is limrted lo £2 per memter. The tharity is a publi¢ benefit enbty as defined by FRS102. 1.2 Basls of prgparatlon The financial statements have teen Fryared in accordance wilh the Compapies Acl 2006, the Statement of RecommerKled Practice: Accounting and ReptIng by Charities rKeparing their accounts in accOrdare with Ihe Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued in October 2019 and the Finanaal Rewrting Standard applicable in the United lQngdom and Republic of Ireland IFRS 1021 and Charities Act (Ncthem Ireland) %XJ8. and UK Generalty Awted AtttsJnting Praclice. These finanoal statements have be ppared a going concem basis under the historical cost convention. The finanaal statements have been presented in sterling, lch is the functi¢1 currency of the charity. The winupal aCUnting wlicie5 adopted are set beknv. 1.3 Fund aw>untlng Ine indudes restricted and unrestricted fvrbds. unrestric funds ar8 tsJnds which are available for use at Ihe dIretr)n of the trustees in furtherarth of Ihe gen8rn1 obj'ectives of the ccAnpany and have rKJI been designated for otr purposes. Restricted funds are furKls whth are to be used in accordance ¥th SFecik Testricti¢)n$ imFwd by donors or which have been faised by the tharity for particular pu. The c4)sts of rnising and administering such funds are chaffjed against the spoufic fvrKI. 1.4 Income recognltlon AJI incoming resources are Induded in the Statement of FinarKial Activitles (SOFA) when the drity is legally entiuod to the income after any p8rfomiance condth'ons hav8 been met. the amount can be measu1 reliably arKI il 15 probable that the Inojme will b8 recr¥ed. The charity receives government grants. Incom8 from govemmenl and other grants are recognis8d al fair value when the charity has entiUem8nt after any perfom)ance cndItiOnS ha t¢en mel. It is pmbable thal the income will be CeIved and the amount can be measured reknalAy. If the entitlemenl is rnt met then these amounts we d8ferTrJ. Donated facilitbes and donatsd kyofesskl services are rec(y3nised in Income at their fair value vthen their e¢Momic benefit is wcoable. il can be measured reliabty and the charity has )ntrol over the item. Fair value is delem)ined on the basis of the value of the gift lo the charity. For example. the aUnt Ihe charity would be willing to pay in the open market for such facilrties and seThi¢es. A o)frespCdWb9 amunt is recognised ¥1 eypendilure. No amount is induded in thg finand ststemants lor vc4unloer Ilme In Ilne wilh the SORP.
ARDOYNE YOUTH ENTERPRISES IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 1.5 Exp8Ddlturg r¢¢ognltlon Ajl expenditure is accounted for on an xcruals basis and has been dassifd under headi5 that aggregate all costs related lo the caleg¢xy. Expenditure is recc>Jnised where there is a legal or constructive obligation lo make payments to third parties. il is probable that tho setuement will be required and the amount of the obligation can be measured reliably.11 is categorisad under the following headings: Costs of raising funds: Expenditure on charitable activilies indudes.. and Oiher expenditure representing those items nol falling into th8 categories above. IrrecL)verable VAT is chaTggJ as an exnse against the xtivity for which expenditur8 arose. 1.6 Tangible flxed assets and dopreclatlon Tangible fixed assets are slated at cost ths ac£umutated dePTlation and acoJmulaled impaimient losses. Depreciation is provided on all tangibile fixed assets. at rates Ca1j18ted to write off the costless estimated residual value ofeach asset on a systemic basis over its expected usefullrfo, as follows- Fthres & fittings Motor vehide Freehold buildings 25% straight line 25% reduung balance 2% straight line The gain N loss arising on the disposal of an asset is d8termined as the difference thYeen the sale prcteeds and the carying value of the asset and i% credited or charged tr) suiplus or deficit. 1.7 Cash and cash equlvalents Cash and cash equivalents ar6 basK finanoal assets arKI indude cash in hand. deFK)5ts held at 11 vitth banks. other shryt-lefm liquJ investments with Inal maturities ofthree months or less, aTrJ bank overdraft5. 8ank overdrafts are within bLvrThings in Cufrenl lbilitieS. 1.8 Debtorn and crodltors rècelvablg I payable within one year Debts and creditots with no ststed intere51 rate and receivablo or payabfe wthin ono year aro rwded at transactKJn w. Any losses arising Irom impairment are recognised in expenditure. 1.9 Impalrm•nt Assets not measured at fair value are revie*d lor any indKatK)n that t assal may be impawed at eath baLanc8 sheet dale. If such indKatr)n exists. the recoverdble amount of the asset. or the asseys cash generating unit, is estimalwj and CMPared lo th8 Carn9 amount Vlhere the carrying amount exceeds its recoverablo amount. an ImpalmnI loss is rgcognised in profit (Y loss unless the assells carried al a fevalued amwil whern Ihe impalmient loss is revaluatknn deryoase. 1.10 Provlslon• Provisions ar8 recognised when there is an obl1gatl al th6 baLanc4 sh88t dale as a tesull ol a past evenl.11 is probable Ihat an outfiow ol economic benofsts will b8 requir&J In $8ttlemenl and the amount can be reliabty 8sbmat6d. 1.11 Forolgn currtncy translatlon Monelary assets and Itabilit deTr)mknated kn IPIgn <xMrerKIo8 are transkglod Into sterting al the rate$ of exchange ruling al the balarKe sheet date. 10
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Transactions in foreign rrerleS are Tecorded al the rate of exthange at the balance sheet date. All dIfferenS a taken to the profil arml loss account 1.12 Taxatlon The company 1$ exempt from coTatIon tax. due to tts dlaritable status. 1.13 Employee benefits The charity operates a defined L¥Jntribution plan for the benefft of its employees. Contribjtions a expensed as they become payable. 1.14 Golng concern The ffin8n¢ial stalements have been prepared a gowig con¢em basis as the trustees believe that no material uncertainties exist The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising Ihe5e financi slalements. The budgeted income and expendibjre and18vel of reserves are for the tharity to be able to Cntinue as a goiThJ concem. 1.15 Cash fl¢)w statement The Charities SORP 2019 recommends that h flow ststements sh¢)ukl be prepared for larger charitsble enttbes. however the UK accounting guidelines also allow for smaller enbbes to elect not lo prcduce cash flow stalements. Ar(ioyne Youth Enterprises meets the definition of a small enlity in tems of the UK accounling starKlards and the SORP 2019. The trustees have elected not lo prepare cash flow ststements in ternis of provisions all¢)wed to smaller entrtses. Judgements and key sources of estlmatlon uncertalnty There are no judgefnents (apart from those invofving esb'matesl which have been made in tho ccess ofapptying the atove accounting p)licies that have a signifKant effect on amounts rwnised in the financial Ststents. There are no key assumptions C(ing the fvture and Other k8y Sour of estimati uncertainty at the rewting dale that have a sNJnifieant risk of causing a material adjustrnent to the Cay1ThJ afflounts of assets aThJ liabilities wilhin Ihe next financial year. 11
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 3. Totsl resources Unrestrlcted Funds Restrlcted Fund$ Total 2023 Totsl 2022 Incomlng re$ourGgs Department for Communibes Community Relations Counc Bellasl Crfy Counul Education Authority Consumer Councal Department of Foreign Affaifs Olher income Breakthmugh Peace Ashton Communty Trust Co-operation Ireland TEO Urban Willages National Lottery Community Fund OCCNI NBWI 115,734 79,999 16.490 115.734 79,999 16.490 135.208 114.543 3,460 15.448 10.500 7.499 30,283 1.198 315 315 3.000 3.000 8.391 10.000 8.391 10.000 15.570 15,570 2.000 15.402 1000 15.885 242.458 258.343 339,541 Resources expended Charitable actlvlties Salaries Staff pension Training Rent Rates Heal light and power Project costs subrIPtIons Cleaning Repai Cornpuler runniTrJ costs Postsg8 and stationery Telephona Vehicle eXnseS Delation Insurance Bank charges Bank interest o)untancy Sundry expens89 124.635 3.559 124635 3,559 115.904 4,746 527 4.766 74 2.02S 113.331 576 1.651 5,292 234 4.104 104.949 187 1.242 4.701 676 4.075 1,817 5.292 234 4104 104,949 187 1,242 4701 676 4075 1,817 1,102 1.373 677 7.628 S14 7.628 514 980 465 79) 2.916 67 532 3,240 3,240 792 267.724 268,516 263.108 12
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Independent examinerfs r¢muneratlon The independent examinerfs remuneration amounts to independenl examination fee of £2,640 and £600 for payroll seNi¢e5. 5. Trustees, remuneration None of the Truslees (or any person cnled wilh Ihem) re¢erved any remuneration during the year ended 31 March 2023 (2022- £nl). 6. Trustees. expenses The Trustees recerved no payments for expeeS during the year ended 31 March 202312022- £nil). 7. Employe8s The averdge number of employees the year KIed 31 March 2023 was 712022: 11). Employment costs: 2023 2022 Grctss wages and salaries Employer national insurance costs Defined ntributiOn pension <x)sts 120.211 4,424 3.559 111.553 4.351 4.746 128.194 120,650 There were no employees whose annual remuneration vrds £60.OCK) or M(8. Tanglble fixed 888èts Bulldlngs Mlnlbus Flxtures & Flttlngs Totsl Cost or valuatlon At 1 April 2022 Additions 46.755 59,750 8,284 114789 At 31 March 2023 46.75S 59,750 8.284 111789 tlepr¢Glatlon Al 1 Wil 2022 Charge for Ihe year 935 935 41.261 4.622 3.186 2,071 45,382 7.628 At 31 March 2023 1.870 45.883 5.257 53.010 Net book valug At 31 March 2023 11867 3.027 61.Tf9 At 31 March 2022 45.820 18.489 5,098 69,407 13
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Debtorn 2023 2022 Other deblors Prepayments 46,140 522 40,OC 46.662 40.OIX) 10. Credltors: amounts falllng due Tmithin one year 2023 2022 Bank loans and overdrafts Trade creditors Taxabon and social security Accruals and deferred income 4,200 2.207 4,973 6,805 1.619 4,280 13.985 10.099 11. Creditors: amounts falllng due aftgr morg than one year 2023 2022 Financ4 loans 3,921 12. Analysls of nèl assets bth•en funds Unrestrlcted Fund Rèstrlcted Fund Totsl Funds Fixed a5set5 Current assets Current liabiliti8S 01.779 109.890 113,985) 61.779 128.592 111985) 18.702 18,702 157.684 170,386 14