ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Tho tees (wh are also directo f the chantabl mpany for the purposes mpary law), pre I Ihwr report and Indeper)dentty examined finanoal statemenls for the year ended 31 Marth 024. The trustees c(mfirm that Ihe An al RekK)rt and Financial Statements of the c(xnpany comply th the current stalulory requirements, Ihe requirements of the company s goveming document and the provision ol the Accountsng and Repcxtmg by Char￿eS, Staternent of Recommended Pracbce, applicable to chant￿5 prepanng their accounts In accordance ￿th the Financial Reportsng StarKJ8rds applicable In the UK arKJ Republ￿ of Ireland (effectsve 1 January 2019) ObJ•ctlv•s and prlncipal actlvltl•s The pnnaple objective is the promotion. developmenl and support of the voluntary and community sector arKJ In particular to those organisats￿s offenng youth services and support to children and young people ￿￿dent In Ardoyne. Marrowbone and Oldpark areas of North Belfast The trustees have paid due regard to guidance Issued by the Chanty Commission for Northem Ireland In ensunng the ch nty's actsvi meet the publ￿ benefit requirements. Achi•v•ments and perforniance The trustees are satisfied that they We￿ able to achieve their objethves and delNered a wide range of acbvrties developing the voluntsry sector In North Belfast Flnanclal r•vlew The trustees are satisfied with the finanaal position of the chanty at the year ended 31 March 2024 The chanty h8s managed Its IncomirKJ resources effectsvely In the year under reV￿W The balance of funds at 31 March 2024 Is £224.708 (2023 £176.386) Dunng the year ended 31 March 2024 the chanty had a positsve movement In funds of £48.322 The results of the year are fulty set out In the Statement of Fmancial Actiwtses Golng concern The trustees have ￿asonable expedatsons that the charty can contsnue its operations for t f(xeseeable future For this reascm. they ccmtinue to adopt the g￿ng c(￿ceM pnnciple In prepanng the finanaal ststements Rlsk management The trustees have assessed the Major nsks to which the chantable cornpany Is exposed. to those relatsng to the Operat￿nS and finances of the company and are s8tisfied that systems and procedures are In place to miligate exposure to major nsks stst•ment of Trustees R￿POnSIbIlItIeS The trustees are responsible for prepanng the Trustees. Annual Report and the Finanoal Ststernents In accordance wth applicable law and regulabons Cornpany law requires the truslees to prepare financial ststements for each financjal year Under that law the direclors arKI the trustees must not approve the financial statements unless they are sabsfied that they give a true and fair Y￿W of the state of the affairs of the chantsble company In prepanng these financ￿1 ststements the trustees are required to Select suilable accounting poliaes and appty them consistently: Make Judgments and accounting estimates that are reasonable and prudent. Prepare the financial statements on the going concern basts unless It Is Inappropnate to presume that the chanty will continue in operation ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees ar8 ￿spOnSible for keepmg adequate accountsng records that are suffioent to show and explain the d￿nIable c3)mpany s transactions and disdose reasonable accuracy at any bme the fin8naal posibon of the chantsble company and enable them to ensure that the financ￿1 statements c(ynFAy wlh the Companies Act 2006 They are also responsible for safeguarding the assets of the c