Charlty Reglstratlon No. NIC105047 (Northern Ireland) Company Reglstfatlon No. N1623234 ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) CHARITY INFORMATION Dlractors Mr J Marley Mr W Mccomb Ms S Smyth Mr J Oliver Mr G Gorman Secretary Mr T Turley Company number N1623234 Charlty number 105047 Reglstered offlce 11a Flax Street Belfast BT14 7EJ Indepondant examlnor PGM Charter8d Accountants 405 Llsburn Road Belfasl BT9 7EW Bankor8 First Twst Bank 11-15 Donegall Square North Belfast BT15GB
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Charity Infomiatlon Trustees, Report 34 Ind8pendent Examinerfs Report Statement of Flnanclal Actlvlties (Including Income and Expenditure Account) Balance Sheet Notes to the Financial Statements 9-14
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The truste8s (who are also dlrectors of the Charitable company for the purposes of company law), present their report and independenly examlned financial stalements for tha year ended 31 March 2025. The trustees Confimi that the Annual Report and Financial Statements of the company comply wlth the current statutory requirements. the requlrements of the company's goveming document and the provislons of the Accounting and Reporting by Charities. Ststement of Recommended Practice, applicable to charities praparing thelr accounts in accordance with th8 Financial Reporting Standards appllcable In thg UK and Republlc of Ir81and (effectlve 1 January 2019). Objectlves and prln¢lpal actlvltlés The princlple objective Is the promotlon, development and support of the voluntary and communlty Sector and In particular to those organlsations offerlng youth servlces and support to children and young people resldent in Ardoyne. Marrowbone and Oldpark areas of North Belfast. The trustees hav8 paid due regard to guldance issued by the Charlty Commisslon for Northern Ireland In ensuring the charity'$ activities meet the public benefit requlr8m8nts. Achlevemonts and performance The trustees are Satisfied that Ihey were able to achleve their obje¢llv8s and dellvered a wide range of activities dev81oping the voluntary $8Ctor in North Belfast. Flnancial rèvlow The trustees ar8 satisfied wlth the financial positlon of th8 charity at the year ended 31 March 2025. The charity has managed ils incoming resources effectively in the year under reviaw. The balance of funds at 31 March 2025 Is £195.665 (2024: £188,552). During the year ended 31 March 2025 the charity had a posllive movement In funds of £7,113. The results of the year are fully set out in thè Statement of Flnanclal Activities. Golng concern Tha trustees have reasonable expeclatlons that the charity can continue its operations for the for8S8eable future. For this reason, they continue to adopt the going concem principl8 In preparing th8 financial slatements. Rlsk management The trustees have assessed the major risks to whlch the charltable company Is exposed. to those relating to the opérations and finances of the company and are satisfied that Systems and procedures ar8 In place to mitigate exposure to major risks. Stalomènt of Tru$leos Responslbllltlg8 The trustees are résponsible for preparing the Trustees. Annual Report and the Financlal Statements in accordance with applicable law and regulations. Company law requlres the trustees to prepare financlal statements for each financlal year. Under that law the directors and the trustees must not approve the financlal stat8ments unless they are satlsfied that they give a true and fair vlew of the stale of thè affalrs of the charltable company. In preparlng these financial statements the tNstees are required to: Select sultable accounting pollcles and apply them consl$l8ntly' Make judgments and accounting 8Stimates that are reasonable and prudent,, Prepare Iha financial statements on the going concern basls unless it is inapproprlate to presume that the charity will ¢onllnue in operation
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees are r8sponslb18 for keeplng adequat8 accounting records that are sufficient to show and explaln the charitable company's transactions and dlsclose wlth reasonable accuracy at any lime the financlal position of the charltable company and enable them to ensure that the financial statements comply with the Companles Acl 2006. They ar6 also responslble for safeguarding the assets of tha company and for taking reasonable steps for the prevenllon and detection of fraud and other irregularitiès. Thls report was approved by the trustees on . and signad on their behalf by: William Mccomb Trustee Sally Smyth Trustee Igl12)25 13-12-25
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ARDOYNE YOUTH ENTERPRISES FOR THE YEAR ENDED 31 MARCH 2025 I report to the charlty trust88s on my 8xamination of th8 financial stataments of Ardoyn8 Youth Enterprlses for the year ended 31 March 2025 set out on pages 8 to 14. Respectlv8 rospon$lbllltl88 of Trustèes and Examlner A8 the charity trustees (and also the directors of th8 company for the purposes of company law) you are responsible for the preparatlon of the accounts In accordance with the requirements of thè Companies Act 2006. Havlng satisfied myself that Ihe charlty Is not subject to audit under company law, and is eligiblo for independent examinalion, il 15 my responsibility to: examine the accounts under section 65 of the Charities Act (Northem Ireland) 2008; follow the procedures laid down In the general Dire¢tlons given by the Charity Commission for Northern Ireland under sectlon 65(9)(b) of the Charitlès Act., and stste whether particular matters have come to my attention. Basls of indopandent examlnor's report I have examlned your charity accounls as requlred under se¢lion 65 of the Charities Acl and my examination was carried out in accordance with the g8neral Directions glven by the Charity Commlssion for Northern Ireland under section 65(9)(b) of the Charities Act. The examinallon Included a revlew of the accountlng records kept by the charity and a comparison of th6 a0untS presented wlth those records. It also included consideration of any unusual items or disclosures In the accounts, and seeking explanations from you as charity tNst8es concernlng any such matters. My role Is to state whether any materlal matt8rs have come to my att8ntion glvlng m8 cause lo b8118ve: 1. That accounting records were not kept In accordance wlth s8Ction 386 of th8 Companles Act 2006 2. That the accounts do not accord wlth thos8 accounting rècords 3. That the accounts do not comply with the accounting requlr8ments of section 396 of the Companles Act 2006 and with the methods and principles of th8 Charities ststement of Recommended Praotlce applicable to charities preparing their accoun18 in accordance with the Flnancial Reportlng Standard appllcable in the UK and Republlc of Ir8land 4. Th8t there is further Infomiatlon n88ded for a proper und8rstanding of th8 accounts to be reached. Independent examlnorfs statemènt I have completed my 8xaminallon and have no conc8ms in resped of th8 matters {1) to (4) listed above and, in connectlon with followlng the Directions of the Charity Commission for North6rn Ireland. I have found no matters that requlre drawing to your attentlon. Paul McAreavey FCA PGM Chartered Accou 405 Llsbum Road Belfast BT9 7EW Dato nt$
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2024 2025 Total Total As restated Unrestrlcted Funds Restrlcted Funds Notes Income and ondowmonts from: Donations, legacles and charftable a¢tlvitl6s 51,736 236,637 288,373 253.092 Total 51,736 236,637 288,373 253,092 Expondltura on: Charitable acllvlties 453 280,807 281,260 240,926 Total 453 280,807 281,260 240.926 Net Incom61(oxpendltura) 51,283 (44.170} 7.113 12.166 Transfers between funds Net movement In fund8 51,283 (44,170) 7,113 12,166 Total funds brought forward at 1 Aprll 2024 as orlglnally stated 12 59,177 165,531 224.708 176.386 Prior èar ad"ustment (36.156) (36.1561 Total funds brought forward at 1 Aprll as rnstated 59,177 129,375 188,552 176,386 Total fund$ carrled forward at 31 March 2025 11 110,460 85,205 195,665 188.552 The statement of financlal activities has been prepar8d on the basls that a51 operatlons are contlnulng operations. There are no recognised g81ns or losses other than Ihose passing Ihrough the statement of financial activities.
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 MARCH 2025 2024 As restated 2025 Notss Flxed ass6t8 Tangiblg assels 50,815 55,609 Current assets Debtors Cash at bank and in hand 14,254 140,174 4,570 139,438 Total ¢urrent assets 154,428 144.008 Liabllltles: Credltors: amounts falling due withln one year 10 (9,578) (11,065) Nel current assots 144,860 132.943 Total ass8ts less currént 195,665 188,552 Not assets 195.665 188,552 Funds Unrestricted funds Restricted funds 110,460 85,205 59.177 129,375 Total funds 195,665 188.552 For the financial year ended 31 March 2025 the company was entitled to exemption from audlt under section 477 of the Companies Act 2006 relatlng to small companies. The Trustees acknowledge Ihelr responslbllltles for complylng with the requirements of the Compan188 Act 2006 with respect to accountlng records and the preparation of ftnanclal statements. The Trustees consider that the company Is entitled to exemption from th8 requirement to have an audit under the provlslon of sectlon 477 of Ihe Companiès Act 2006 and members have not requlred the company lo obtaln an audit for the year in question In accordance wlth s8Ction 476 of the Compani8S Act 2006.
ARDOYNE YOUTH ENTERPRISES {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 A¢¢ountlng poll¢lo$ 1.1 Charlty Inforniatlon Ardoyne Youth Enterprises Is a charitable company limited by guarantee, Incorporated In Northem Ireland. The registered office is 11a Flax Slreet, Belfast, BT14 7EJ and th6 company registratlon number Is N1623234. In th6 event of the company being wound up the Ilablllty in rospect of th8 guarantee is limltad to £2 per member. The charlty is a publlc benefit entlty as defined by FRS102. 1.2 Basls of preparatlon The financial statements have been prepared in accordance with th8 Compapies Act 2006. Ihe Statement of Recommended Practlce: Accounting and Reporting by Charlt18s preparing their accounts In accordance wlth the Financial Reporting Standard applicable in th6 UK and Republic of Ireland (FRS 102) issued in October 2019 and the Fin8nclal Reporting Standard applicable In the United Kingdom and Republlc of Ireland (FRS 102) and the Charities Act (Northem Ireland) 2008, and UK Generally A¢c8Pted Accounllng Practice. These financial statements have been prepared on a golng concem basls under the hlstorical Cost conventlon. The finan¢lal statements have been presented In sterling, whlch Is Ihe functional currency of the charity. The prlnclpal accountlng policies adopted are set out below. 1.3 Fund accountlng Income Includes restricted and unrestrlct8d funds. Unrestrlcted funds are funds which ar8 available for use at the dlscretlon of the trustees in furtherance of the general objectives of the Company and have not been de$lgnated for other purposes. R8Stricted funds are funds whlch ar8 to be used In accordance wlth specific restrlcllons Imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and admlnlstering such funds are charged against the speclfic fund. 1.4 Income recognitlon All Incoming resources are included In Ihe Statement of Financlal Activlties (SOFA) when the charity is legally entitled to the Income after any performance condltlons have been m8t, the amount can ba measured reliably and It is probable that the income wlll be recelved. The charity recelves govemment grants. Income from govemmenl and other grants are re¢ogni8ed at falr value when the charity has entitlement after any p8rfomiance conditions have be8n met. it Is probable that the Income will be r8ceived and Ihe amount can be measured rellably. If the enllllement is not met then these amounts are deferred. Donated facilities and donated profasslonal servicés are recognised In Income at thelr falr value when thelr economic benefit is probable, it can be méasured reliably and Ihe charity has control over the item. Falr value is detemilned on the basls of the value of the gift to the charlty. For example. the amount the charity would be wllling lo pay in the opan market for such facilitles and services, A corresponding amount is re¢ognised in exp9nditure. No amount is Included in the financial slatem8nt8 for volunteèr Ilme in line wlth the SORP.
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 1.5 Expendltura recognltlon All expendlture is accountsd for on an a¢cruals basis and has been classified under headings that aggregat8 all costs relatsd to the category. Expendilure Is recognised wher8 there is a16gal or construcllve obligallon to make paymenls to third partles, It is probable that the settlement will be requlred and the amount of the obllgation can be measured reliably. It is categorlsed under the followlng headings,. Costs of raising fijnds., Expendlture on ¢harllable actlvitles Includes; and other expendlture repr8senting those items not fallin9 into th8 categories above. Irrecoverabl8 VAT is charged as an expense against the a¢tlvlty for which expendilure arose. 1.6 Tanglble fixed assets and d8preclatlon Tangible Ilxed assels ar8 stated at Cost less accumulated depreciation and accumulatèd Impairment Ioss8S. Depreclalion is provided on all tanglblle fixed assets. at rates calculated to write off thé Cost less estimated resldual value of each asset on a systemic basls over Its expected useful life, as follows., Fixtures & fittings Motor vehlc18 Leasehold bulldings 250/0 Slralght Ilne 25 /• redu¢ing balance 2°/0 Straight line The galn or loss arlslng on the disposal of an assèt is d8termined as the diff8rence b8tw8en the sale proceeds and the carrying value of the asset and is cr8dlted or charged to surplus or deficlt. 1.7 Cash and ¢a8h equlvalents Cash and cash equivalents are baslc financlal assets and Include cash in hand, deposits held at call with banks, other short-term liquid investments with origlnal maturities of three months or less. and bank overdrafl$. Bank overdrafts are shown wlthln borrowlngs In current liabililles. 1.8 Debtors and credltors recelvablè I payable wlthln one year Debtors and credltors with no stated Interest rate and receivable or payabl8 within one year are recorded at transaction prfce. Any losses arising from Impalrment are recognlsed in expendlture. 1.9 Impalrnient Assets not méasured at falr value are revlew8d for any indi¢allon that the asset may be Impaired at each balance sheet date. If such indlcation exists, the recoverable amount of the asset, or the asset's cash generatlng unit, is estlmated and compared to the carrying amount. Where the carying amount exceeds Its recoverable amount, an impalrment loss is recognised in profit or loss unless the assét is carried at a revalued amount where the impalrm6nt loss is revaluation decrèase. 1.10 Provisions Provisions are recognlsed when ther8 is an obligation at the balance she81 date as a result of a past event, it is probable that an oufflow of economic benefits wlll be required In s8tt1ement and th8 amount can be rellably estlmated. 1.11 Forelgn currency translatlon Monetary assets and Ilabilities denomlnated in forelgn currencles are translated Into slèrllng at the rates of 8xchange rullng at the balance sheet daté. 10
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Transactions In foreign ¢urr8ncies ar8 recorded at th8 rate of ex¢hang8 at the balance sheet dat8. AJI dlfferences are taken to tha profit and loss account. 1.12 Taxatlon The company is exempl from corporation tax, due to ils charltable status. 1.13 Employee benefits The charity operates a defined Contributlon plan for the beneflt of its employees. Contrlbutlons are expensed as they become payable. 1.14 Golng con¢8m The financial statements have been prepared on a going concern basls as the trustees believe that no material uncertainlies 8XlSt. The trustees have considered the level of funds held and the expected16vel of income and expenditure for 12 months from authorising these financlal statements. The budgeted income and 8xpenditure and18vel of reseNes are for the charity to b8 abl8 to continu8 as a golng concem. 1.15 Cash flow statemont The Chariti8s SORP 2019 recommend8 that cash flow 8tatem8nts should be prepared for larger charitable entities. however the UK accountlng guidelines also allow for smaller entilles to elect not to produce cash flow statéments. Ardoyne Youth Enterprises meals Ihe definillon of a sm811 entlty in lerms of th8 UK ac¢ounling standards and tha SORP 2019. The trustees have elected not to prepare cash flow stalements In terms of provlslons allowed to smaller entitles. Judgements and kèy sour¢e8 of esllmatlon uncertalnty There ar8 no judgemgnts (apart from those Involving estimates) which hav8 been mada In Ihe process of applying the above accounting policies that have a significant effect on amounts recognlsed in the financial statements. Ther8 are no key assumptions cOnrnIng th8 future and oth8r key sourc8s of estlmatlon uncertalnty at Ihe reporting data that have a slgnificant risk of causing a material adjustment to the carrying amounts of assets and liabilities wlthin the next financial year. 11
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 3. Total resourcos Tolal 2024 As restated Unreslrlcted Funds Restrlctod Funds Total 2025 Incomlng resour¢e$ Department for Communities Community Relations Council Belfast City Councll Education Authorlty other income E Quinn Civlls Ltd Communlty Fund 105,428 72,311 42,901 5,997 105.428 72.311 42,901 5,997 51,736 104,394 72,311 31.335 51,736 33,923 7,000 4.129 10,000 10,000 51,736 236,637 288,373 253.092 Ro8ources expended Charltable actlvllles Salaries Staff penslon Prol8Ct costs Rent Rates Clèanlng Heat, Ilght and power Repairs Computer wnnlng costs Vehicle expenses Subscriptlons Accountancy Bank charges Insuranc8 Postsge and stationery T81ephone Sundry expenses Depreciation 116,734 3,384 133.681 5,466 234 1.150 600 499 1,343 1,971 100 3,372 116,734 3,384 133,681 5.466 234 1,150 600 499 1,343 1,971 100 3,372 453 2.786 2,259 1,855 579 4,794 110,808 3,127 97,577 6.773 176 1.225 169 1,519 1,009 983 126 3.900 448 3,091 1,587 1,627 612 6.170 453 2,786 2,259 1,855 579 4,794 453 280,807 281,260 240,926 12
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Independent examln8r'8 remunaratlon The Independent examinerfs remuneration amounts to an independent examination fee of £2,628 and £744 for payroll services. S. Trustaos, romunaratlon None of the Trustees (or any person connected with th8m) received any remuneratlon during the year ended 31 March 2025 (2024- £nll). 6. Tru8tees' expen888 The TNSt88s received no payments for expenses during Ihe year ended 31 March 2025 (2024 - £nil). 7. Employees The average number of employees durlng the year ended 31 March 2025 was 7 (2024: 6). Employmont costs: 2025 2024 Gross wages and salaries Employer nallonal insurance costs Defined conlributlon penslon costs 113,388 3,346 3,384 108.146 2.662 3.127 120,118 113.935 There were no employees whose annual remuneration was £60,000 or more. Tanglble flxad assets Flxtures & Flttlngs Bulldlngs Mlnlbus Totsl Cost or valuatlon At 1 April 2024 Additlons 46,755 59,750 8,284 114.789 At 31 March 2025 46,755 59,750 8,284 114,789 Dapreclatlon At 1 April 2024 Charge for the y8ar 2,805 935 49,350 2,600 7,025 1,259 59,180 4,794 At 31 March 2025 3,740 51,950 8,284 63,974 Net book value At 31 March 2025 43,015 7,800 50.815 At 31 March 2024 43.950 10.400 1,259 55,609 13
ARDOYNE YOUTH ENTERPRISES (A COMPANY LIMITED BY GUARANTEE) NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Debtors 2024 2025 As reststed other debtors Prepayments 13,630 624 3,975 595 14.254 4,570 10. Credltor8: amounts falllng du• wlthln onè year 2025 2024 Trade creditors Taxation and social s8curity Credit card Accruals and deferred income 1,367 1,743 2,926 3,542 1.812 2.121 2,963 4,169 9,578 11,065 11. Analysls of not assets between funds Unrestrlded Funds Rostrlct8d Fund8 Total Funds Fixed assets Current asséts Current liabllltles 50,815 43.968 (9.578) 50,815 154,428 (9.578} 110,460 110,460 85,205 195,665 12. Restatement of prlor year balancos The comparative figures In th8 accounts have been restated to adjust for an amount of £36,156 incorrectly included as a debtor at 31 March 2024. Som8 Income and expense categories have been reclasslfied to show Ihese on a consistent basls as the currént year. 14