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 A￿￿ntsnts 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¢veki￿7ent 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 eX￿tiOnS 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 M￿gate 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.. sel￿t 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 finan￿81 stslements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and for tsking feas￿able 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 aC￿unts uTrJer sectM)n 65 of Ihe Charilies (Nc*tr￿ 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 a￿Ounts, and seeking explanatiC￿5 fmm you as charity trustees conceming any s￿h 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 V*ith 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 app1K￿ble 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 8t￿6 and. in connection with lollowing the Directions of the Charity Commission for Northem Ireknd, I have fwnd no matter8 that require dro￿n9 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 be￿n 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 Stataff￿nI 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 aCC￿danCe the provisions applicable lo companies subject to the small Companies regime. The financial stslements were apP￿ved 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 I￿land. 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 Rep￿tIng by Charities rKeparing their accounts in accOrdar￿e 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￿ p￿pared ￿ 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 aC￿Unting wlicie5 adopted are set beknv. 1.3 Fund aw>untlng In￿e indudes restricted and unrestricted fvrbds. unrestric￿ funds ar8 tsJnds which are available for use at Ihe dI￿retr)n of the trustees in furtherarth of Ihe gen8rn1 obj'ectives of the ccAnpany and have rKJI been designated for ot￿r 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 d￿rity is legally entiuod to the income after any p8rfomiance condth'ons hav8 been met. the amount can be measu￿1 reliably arKI il 15 probable that the Inojme will b8 rec*r¥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 c￿ndItiOnS 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 kyofessk￿l 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 a￿￿Unt Ihe charity would be willing to pay in the open market for such facilrties and seThi¢es. A o)frespC￿dWb9 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 dassif￿d under headi￿5 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 ex￿nse against the xtivity for which expenditur8 arose. 1.6 Tangible flxed assets and dopreclatlon Tangible fixed assets are slated at cost ths ac£umutated dePT￿lation and acoJmulaled impaimient losses. Depreciation is provided on all tangibile fixed assets. at rates Ca1￿j18ted 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 t*hYeen 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 liqu*J investments with ￿￿Inal maturities ofthree months or less, aTrJ bank overdraft5. 8ank overdrafts are within bLvrTh*ings in Cufrenl l￿bilitieS. 1.8 Debtorn and crodltors rècelvablg I payable within one year Deb￿ts 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 C￿MPared lo th8 Car￿n9 amount Vlhere the carrying amount exceeds its recoverablo amount. an Impalm￿nI 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 I￿PIgn