ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trustees (who are 81so direclors of the charitable company for the purposes of (x)mpany law). present their report and independenuy examined finanaal slalemenls for the year ended 31 March 2023. The trustees confimi that the Annual Report and Finanual Stalements of the Company comply with the current stalulory requirements. the requirements of the company's govgming doryjrnenl and the provisions of the Accounting and Reporting by Charities. Slalernenl of Recommended Practice. applicable to charities preparing Iheir accounts in accordance with Ihe Financial Rewrting Standards applicable in the UK and Republic of Iland (effective 1 January 2019)- Objectlves and prlnclpal actlvltles The prinaple objective is the promotion, develoKKftenl and support of the voluntsry and comrnunty sector and in particular to those organisations offering yOLrth services and support to children and young people resident in Ardoyne. Marrowbone and Oldpark areas of North 8elfast. The trustees have paid due regard lo guidance issued by the Charity Commission for Northem Ireland in ensuring the charity's activities meet the public benefit requiremenls. Achievements and perfomiance The trustees are satisfied that they were able to achieve their objectives and delivered a wide range of activities developing the voluntary sector in Belfast Financial revlew The trustees are satisfied th the financa81 posttion of the charity at the year ended 31 March 2023. The charity has managed its incoming resources effectivety in the year under review. The balan of fijnds at 31 March 2023 is £176,38612022.. £186.559). During the year ended 31 March 2023 the tharity had a negative movement in funds of£10.173. The resulls of the year are fully sel out in the Statement of Financial Activities. Going concern The truslees have aSOnable expectations Ihat the charity can continue its operations for the foreseeable ftjture. For this reason, they ccffitinue to adopt the going principle in preparing the ffinancial statements. Rlsk rnanagement The trustees have assessed the major risks to which the charitable company is exsed. lo thc6e relating lo the operdtions and finances of the company a1 are satisfied that systems and procedures are in place to mtiigale exposure lo major risks. Statement of Trustees Respon¥lbllttles The trustees are reswnsible for preparing th8 Truste8s' Annual Rep(Yt and th8 Financial Stslernents in accordance vrith applicable Law and regulations. Cornpany law fequires the tnjstees lo prepare finanual statements for each financial year. Under that law the directors and the trustees musl not approve the financial ststements unless they are satisfied that they giv8 a true and fair view ofthe stsle ofthe affairs of lh8 charitable company. In preparing these finan1 stsl&ments the trustees are required to: Select suitable a¢counting policies and apply Ihem LX)nsislently; Make judgments and accounb'ng astimales that are reasonable and pnjdentr. Prepare the financial stalernents on the going Crn basis unless il is inappropriate lo presume that the tharity will c4)ntinu8 in OP8Tation
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 adequale accounting records that are sufficient to show and explain the charitsble company s transactions and disdose wtih reasonable accuracy al any lime the financial position of Ihe charitable company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and for taking reasonable steps for the wevention and deteCn of fraud and other irregularities. This report was approved by the trustees .... . and signed on Iheir behalf by.. )Mc William Mccomb Salty SmWh