C.H.A.R.T.E.IL FOR NORTHERN IRELAND Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) 21 Statement of financial activities (incorporating the income and expenditure account) for the year ended 31 March 2023 Total funds 2023 Total funds 2022 Unrestricted funds Restricted funds Note Income from.. -Donations 42,608 38.733 81.341 42,608 271,107 313,715 22,269 274.397 296,666 -charitable tIvItieS 232.374 232.374 Total ineome Expenditure on: -charitable activities 57,103 57,103 24,238 239,692 239,692 (7,318) 296,795 296,795 16,920 325,220 325,220 (28.554) TolAI expenditure Net incomel(expenditure) for Ihe year TrAngfers between funds 17,921 42.159 (l7,921) (25,239) Net movement in funds Reconciliation of funds: Fund balantes brought fonvard AtIA ril Fund balances carried forward v4t 31 March 16,920 (28,554) 54,380 222,099 276,479 305,033 15- 17 96.539 196.860 293,399 276,479 The Sthtement of Financia] Artivities in¢lud¢s all gains and losses recognised in the year. All amounts above relate to Continuing operation5 of the charitable company. The note5 forni part of these financial statements.
C.H.A.ILT.E.R. FOR NORTHERN IRELAND Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) 22 Balance sheet as at 31 March 2023 2023 2022 Note Fixed assets Tangible assets 12 196,490 210,465 Current assety Debtors 13 25,543 91,074 116,617 33,372 70,607 103.979 Ch at bank and in hand Creditors: amounts falling due within one year 14 19,708 96,909 Net eurrent assets 66,014 276,479 Total net assetg 293,399 The funds of the charity Restricted funds 15 196,860 54,484 42,055 222,099 37.965 16,415 276,479 Unrestricted funds - general & reserves Unrestrieted funds- designated Total charity funds 16 16 17 293J99 The notes on pa8es 24 to 41 fonTt p&rt of the flnancial statements. These financial statements have been prepared in accordance with the provisions applicable to companies SUbjt to the small companies, regime. The financial statements on pages 21 to 41 were approved by the Board of Trustees on 28 November 2023 and were signed on th¢ir behalf by.. Albert Hewitt- ChAirperson £rafgfrown - Trustee C.H.A.ILT.E.IL for Iyorthern Irdand Company Registration nwnber: N1054620
C.H.A.R.T.E.R. FOR NORTHERN IRELAND 23 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Statement of Cash Flows for the year ended 31 March 2023 2023 2022 Notes Net clsb out rinflow from o eratin activitles 18 22,417 30,788 CAsh flow from investing activities Purchase of tangible fixed assets Net cash used in investiug activities (1,950) Net (de¢rease)lincrease in cash and cash equivalents in the year Cash and cash equivalents at the be&nning of the year Total cash and cash equivvdlents at the end of the year 20,467 70,607 91,074 30,788 39.819 70.607
c.H.R.T.E.R. FOR NORTHERN IRELAND 24 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 Summary of significant accounting policies The significant principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presenfrd unless otherwise stated. Basig of preparation of financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) etyective l January 2019) (Charities SORP 2019 (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), applicable charity law, the Companies Act 2006 and UK Gcnerally Accepted Practice. Charter NI meets the definition of a public benefit entity under FRS 102 and its operations and principal activities are as disclosed in the Trustees, Report. The financial statements are prepared in sterling. which is the functional currency of the charitable company. Monetary amounts in these financial staternents are rounded to the nearest £. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The financial statements are prepared on a 80ing concern basis. Going concern The ¢haritable company's activities, together wtth factors likely to affect its future developmenL performance and position, are continuously reviewed by the trustees Tbese include the Charitable company's c&sh flow, As a consequence, the trustees believe that the charitable company is well placed to manage business risks successfully despite the current uncertain economic outlook. The charitable company meets its day to day working capital requirements through its cash resources and banking facilities. The tnjstees are confident that the charitable company will have adequate resour¢e5 to continue its nornia] business for the foreseeable future, and accordingly continues lo adopt the going concern basis in preparing the annual report and financial statements, Fund Accounting The chatity has various types of fund for which it is responsible and which require specific disclosures. A definition of the various types of funds is as follows: Genergl funds GeneraI funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been d¢signated for other purposes. DesRgnated funds Designated funds comprise unrestiicted funds that have been set asid¢ by the trustees for particular purposes. Restricted funds Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. Unrestrict¢d funds Unrestricted funds are amounts which are expendable at the discretion of the trustees in furtheranc¢ of the aims of the Charity.
C.H.A.R.T.E.11 FOR NORTHERN IRELAND 25 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the fillancial statements for the year ended 31 March 2023 Sun)mary of significant accounting policies - continued Incoming resources All incoming resources are included in the Statement of Financial Activities when the charity is leglY entided to the income, the amount can be measured reliably and receipt is considered probable. Income is deferred only when the charity has to fulfil conditions which are not fully within the control of the charity before becoming entitled to it or where the donorlfunder has Specified that the income is to be expended in a future period. Resources expended All expenditure is accounted for on an accruals basis once there is a legal or constructive obligation to make a payment to a third paty, tt is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. Charitable Activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that Can be allocated dirertly to such activities and those Costs of an indirect nature necessary to supply them. Support Costs are those costs incUed in support of direct expenditure on the objects of the chariiy and include project management. Governance costs are those incurred in connection with administration of the charity and compliance with Constitutional and statutory requirements. The ana]ysi5 of these costs is included in notes 5 - 7. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred or ¢apitalised as part of the cost of the related asset as appropriate. Employee benefit$ When employees have rendered servtce to the charity. short-terni employee benefits to which the employees are entit]ed are reco8nised at the undiswunted amount expected to be paid in exchange for that service. Relirement benefits The company contributes to the NEST pension scheme with contributions charged to the SOFA as they become payable in accordance with the rules of the scheme. Tangible Fixed Assets The cost of tangible assets is their purchase cosL together with any incidental costs of acquisition. Depreciation is calculated so as to writ¢ off the cost of tsngible fixed assets, l¢ss their estimated residual values, on a straight-line basis over the expected useful economic lives of the assets concerned. The principal annual rates used are as follows.. BuildinBS Equipment 40/0 5tratght line 25 % straight line The carryin8 value of the tAnsible fixed assets is reviewed annually for impainnent in period to deterniine if events or changes in circumstances indkcate the carrying value may not be recoverable. Cash at bank Ydnd in hand Cash at bank and in hand includes cash. deposits held at call with banks and oth¢r short-terni highly liquid investments th ori8inal maturities of three months 01 less.
C.H.A.R.T.E.R. FOR NORTHERN IRELAND 26 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 Summary of significant aceounting policies - continued Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial tnstruments. Basic financial instruments are initially recognised at transaction price and subsequendy measured at their settlement value. unless the arrangement constitutes a financing transaction. Financing transactions are initially measured at the present value of the future receipts discounted at a market rate of interest, and are subs¢qu¢ntly Caled at amortised cost, using the effertive interest late method. Financial assets and liabililies classified as receivabldpayable within one year are not amortised. Lease8 Rentsls payable under operating leases are charged to expenditure on a straight-line basis over the tern) of the relevant lease. ImpAirment Assets not measured at fair vdue are reviewed t.or any indication that the asset may be impaiTed at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the Lsset, s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairnient Ioss 15 recognised in profit or loss unless the asset is carried at a revalued amount where the impairnient loss is a revaluation decrease. Critical accounting judgements and estimAtion uncertainty Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Crilicaljudgemenls in applying ihe enlity s accounting pollcies - There are no critical judgements in applyin8 the company's accounting policies. CriliLul accounling ¢stimales and assumptions- There are no critical accounting estimates and assumptions. Donations Unrestricted funds Restricted funds Total funds 2023 Total funds 2022 Non-perforniance grants Gifts 500 500 15,369 6,900 22,269 42.108 42,608 42,108 42,608 Of the £42,608 received in 2023, (2022.. £22,269), £nil related to restricted funds (2022.. £5.400) and £42,608 to unrestricted funds (2022.. £16,869). Government 8rants induded in Donations amounted to £nil (2022.. £9,969). Gifts include the use of facilities provided by NIHE and valued at £5.050 pa in both years.
C.H.A.R.T.E.IL FOR NORTHERN IRELAND 27 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 Income from charitable activities Unrestricted Restricted Total funds Total funds funds funds 2023 2022 Contract income 27,341 58.199 85,540 41,279 RentaI income, including room hire Primary purpose trading Grants 3.943 3.943 6,759 3.069 3,069 5,202 221,157 274,397 4.380 38,733 174,175 232,374 178,555 271,107 Totsl income from charitable activities Unrestricted Restricted Total funds Total funds funds funds 2023 2022 Granls received included in Ihe Above v4re as follows: International Comrnittee of Red Cr05s - Resolve 4.356 Arts Council of NirfNL Good Cause5 - Platinum Jubilee 6,335 6,335 Dfc - Tully¢arnet Community Regeneration - revenue C¢>operation Ireland - Peace IV Open Doors TEO - Good Relations & T..BUC - Learning Thru the Divide BCC - Capacity Building (Diamond) TWN Tampon Tax - Connecting Women in Community NIHE - Diamond Christmas NIHE- Community Safety TEO - Urban Villages - Eastside Voices TEO - Urban Villages - Diamond Health Club LCCC - Good Relations BCC - Summer Cultural Fest BCC - Cultural Leadership BCC - Knocknagoney Christmas TNL Community Fund - Future-proofing Habinteg Housing Association (Ulster}- Diamond Christmas Falls Community Council - Oral History Project BCC/Albert Street Comrnuntty Centre Ballymac Friendship - Halloween, Christmas & R'brance EBCDA- East Belfast Hardship Fund EBCDA- Take 5 65.689 65,689 60.861 46,417 33,579 28,600 28,195 8,939 1.620 12,750 (2.019) 12,526 1.987 22,714 50 1,917 28,195 8,939 1.620 12,750 (2,019) 14,026 1,987 24,589 50 1,917 2,470 10,880 1.500 10.798 3,000 46 10,035 1.155 7,260 1.875 650 650 700 205 205 1,750 7.000 1,750 7.800 800 500 EBCDA- Diamond Utility ASDA Foundation - Mens Mental Health Group The Community Foundation - Queen's Tea Paty - Diamond The Community Foundation - Queen's Tea Paty- Clara St Total Grant& 500 900 900 1,485 1,687 174.175 1,485 1,687 178.555 4.380 221.157
C.H.A.R.T.E.IL FOR NORTHERN IRELAND 28 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 Income from charitable activities colltinued Of the £271.107 received in 2023, (2022.. £274.397). £232,374 related to restricted funds (2022.. £223,379) and £38,733 to unrestricted funds (2022. £51,018). Government grants included in Income from Charitable Activities amounted to £155,344 (2022.. £168,684). Non-Exchange transactions Volunteers The charitable company has benefitted from the Contribution of unpaid general volunteers. Their contribution is not accounted for due to the lack of a reliable basis of measurement. The Diamond Hub From 30 June 2017 the Diamond Project has been paty to a 20-year lease on a community hub buildin8 Situated at 32 Conslan¢e Street, provided by Northern Ireland Housing Executive at a peppercorn rent, The rateable Net Annual Value of this property is estimated at £5,050pa. This figure represents the estimated amount the charity would pay in the open market for an alternative equivalent facility and therefore the value of the donated facilities. In line with the SORP. £5,050 has therefore been included in Income from Donations and Expendire on Charitable Activities. The East Belfast LoyAli$t Conflict Museum The East Belfast Loyalist Conflict Museum houses historical artefacts received as donations over the years since its set up in 2009 when the Ulster Defen¢e Association (UDA) was decommissioning. It was originally created to enable the Loyalist working-class community to refiect on the history of the UDA and the violenl conflict of "The Troubles", but has become of much wider interest with visits from international groups studying contlict resolution. Visits operate alongside walking tours marking significant points in the UDA'S history. The museurn facility was transferred to Charter Nl during the year ended 31 March 2023. to further its aims and objectives, along with a cash balan¢e of £26,470. The latter has been reco8nised as an unrestricted donation in Charter NI'S accounts. Receipt of the museum itself has not been recognised as in¢orne in the accounts in monew tems, nor as tangible fixed assets. The fair value of the historical artefacts of the museum and the value of the museum facility to the charity cannot be measured reliably and it would be impractical to attempt to do so. The costs involved in undertaking a va]uation would not be justified by benefits to users of the accounts in tenns of better understanding the resources available to Charter NI anivor to Charter NI itself from having this fInancial inforniation. The expected economic benefits that flow from the donation are negligible. Small amounts of income derived from walking tours and museum visit5 are paid to Charter Nl who in turn pay the tour guides and Charter Nl has taken over the lease for the premises. paying the rent and other utilities associated with the museum.
C.H.A.ILT.E.IL FOR NORTHERN IRELAND 29 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 Expenditure on charitable activities by fund type Activities undertaken dirertly Support ¢osts Total eosts 2023 Ye8r ended 31 March 2023 Unrestricted funds General fund 13.995 13,995 43,108 43,108 57,103 57,103 Total Unrestricted funds Restrieted funds Arts Council of NIITNL Good Causes- Plattnum Jubilee 6.135 6,135 Dfc - Tullycarnet Community Regeneration - revenue 45.725 14,858 60,583 DtE - Tullycarnet Community Regeneration - capital Active Communities Network - Individual Carer Advice Network TEO- Good Relations- Learning Through the Divide BCC - Capacity Building (Diamond) TWN Tampon Tax - Connecting Women in Cornmunity - Diamond Christmas 317 317 28.458 28,458 324 222 546 24,189 6,964 1,620 9.438 15,660 618 3,130 1.975 27,319 8,939 1,620 10,821 15,660 627 NIHE- Community Safety PHA - Pathways to Mental Health TEO - Urban Villages - Eastside Voices TEO - Urban Villages - capital TEO - Urban Villa8es- Diamond Health Club LCCC - Good Relations 1.383 12,896 11,995 1.987 22,770 1.917 12,896 12,595 1,987 22,770 1,917 5,400 7.630 650 600 BCC- Summer Cultural Fest BCC - Knocknagoney Christmas Halifax Foundation for Nl 5,400 TNL Community Fund- Future-proofing Habinte8 HousAn8 Association (Ulster) - Christmas - Diamond Ballymac Friendship Club - Halloween, Christmas & Remembrance Service EBCDA- East Belfast Hardship Fund ASDA Foundation - Mens Mental Health Group The Community Foundation - Queen's Tea Party - Diamond The Community Foundation - Queen's Tea Paty- Clara Street Total Restricted fund5 7,630 650 1,750 1,750 7,000 900 7,000 900 1.485 1,485 1,687 1,687 212.115 226.110 27,577 70.685 239,692 296,795 Total expenditure
C.H.A.ILT.E.R. FOR NORTHERN IRELAND 30 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 Expenditllre on charitable activities by fund type- contlDued Activities undertaken directly Support costs Total costs 2022 Year ended 31 March 2022 Unrestricted funds General fund 19.613 19.613 39.876 39,876 59,489 59,489 Total Unrestricted funds Restricted funds International Committee of Red Cross- Resolve 32,646 185 32.831 Dfc - Tullycarnet Community Regeneration - revenue Dfc - Tullycarnet Community Regeneration - capital Co-operation Ireland - Peace IV Open Doors TEO - Good Relationy- Learning Throu8h the Divide BCC - Capacity Building (Diamond) MHE - Diamond Christmas 46.903 11,813 58,716 317 317 41,537 28.095 24,847 2,470 12,419 15,210 1,057 12,896 9.178 3,000 214 871 42,408 34,455 26,913 2,470 12,419 15,210 1,240 12,896 9,178 3,01)0 214 6.360 2.066 NtHE- Safe Place PHA - Pathways to Mentsl Health TEO - Urban Villages - Eastside Voices TEO - Urban Villages - capital TEO- Urban Villages~ Diamond Health Club LCCC - Good Relations 183 BCC - Street by Street BCC - Cultural Leadership BCC - Micro T3 Together Again, A City imagining Falls Community Council EBCDA- Take 5 9,975 1,155 700 60 10,035 1,155 700 500 500 EBCDA- Diamond Utility EBCDA- Gym Equipment 500 500 88 88 EBCDA _ Covid Support Total Restricted funds 486 486 244,193 263,806 21,538 61,414 265.731 325,220 Total expendithre
C.H.A.R.T.E.R. FOR NORTHERN IRELAND 31 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 Support costs Unrestricted funds Restricted funds Total fund8 2023 TotAI funds 2022 Salaries & p¢nsions Rent & rates 30,386 4.795 (1.199) 1.637 1,057 187 16,206 4,306 2,262 46,592 9,101 1,063 1,637 3,127 792 44,305 6.587 1,122 113 Heal & light Repairs & maintenance Insurance 2,070 605 2,142 822 Telephone Depreciation Professional fees 250 250 250 2.827 2.827 360 1,813 Stationery Software licence 360 615 015 245 Sundry Website 314 237 551 289 144 58 Bank fees 456 170 626 668 Governance costs (Note 7) 1,639 43.108 1,361 27,577 3,000 70,685 3,000 61,414 Of the £70.685 expended in 2023. (2022.. £61,414), £27.577 related to restricted funds (2022.. £21,538) and £43,108 to unrestricted funds (2022.. £39.876). Governance costs Unrestricted funds Restricted Funds Total funds 2023 Total funds 2022 Prof¢ssional fees- audit 1,639 1,639 J,361 1,361 3,000 3,000 3,000 3,000 Of the £3,000 expended in 2023, (2022.. £3.000). £1,361 related to restricted funds (2022.. £1,096) and £1.639 to unrestricted funds (2022.. £1.904).
C.H.AR.T.E.IL FOR NORTHERN IRELAND 32 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 Net income/(expenditure) for the year 2023 2022 This is Stated after charging.. Depreciation Operating lease - rental chargeg Fees payable to company auditor- audit of the accounts 14,892 8,837 3.000 14,493 12,698 3,000 Staff costs and emoluments 2023 2022 Wages and salaries Soci&l security Costs Pension costs 108,901 5,337 2.437 152 182,155 11,297 3.647 (2,206) 194.893 Movement on holiday pay accrual 116.827 Key mfinagement compensation 2023 2022 Key management compensation 8S,240 82,632 2023 2022 Number Number The number of person5 employed by the company during the year was: Direct, support and 8overnance io No employee rereived remuneration of more than £60.000 during the year (2022.. Nil). The pension amounls recognised as an expense in the year were £2,437 (2022.. £3,647) in respect of its own contribution. 10 Trustees, Remuneration and Benefits There was no tyustees, remuneration or other benefits for the year ended 31 March 2023 {2022.. £nil). No trustee received payment for professional or other services supplied to the Gharitable company (2022.. nil) Trustees, expenses There were no twstees, expenses reimbursed for the year ended 31 March 2023 (2022.. £nil).
C.H.A.ILT.E.R. FOR NORTHERN IRELAND 33 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 11 Taxation The company is a registered charity. and as such is entided to certain tax exemptions on income and profits from investment4 and surpluses on any trading activities carried on in furtherance of the tharity's primary objectiv¢4 if these profits and surpluses are applied soldy for charitable purposes. 12 Tangible fixed assets Land & bulldings Equipment Total Cost At l April 2022 Additions 231.202 27.989 1,950 (270) 29,669 259.191 1,950 (1,303) 259,838 Disposals At 31 March 2023 (1,033) 230,169 Accumulated deprecivdtlon At l April 2022 Disposals Charge for the year At 31 March 2023 27,063 21.663 (270) 5.871 27,264 48.726 (270) 14,892 63048 9,021 36,084 Net book amount At 31 March 2023 194,085 204,139 2,405 6,326 196,490 210,465 At 31 March 2022 A Deed of Mortgage and Charge is registered against the community gym and bicycle workshop modular buildings at 31 King5wood Street completed in July 2019, in favour of TEO, who funded the premises under the Urban Villages Development Fund at a cost of £225,527. Subject to there being no breach of the project funding agreernent, the property will be released to the charitable company on 13 February 2029. 13 Debtors 2023 2022 Grants & donations receivable Contract income 16,793 8,500 250 21,551 9,878 1,863 80 Prepayments and accrued income Other debtots 25,543 33,372
C.H.A.R.T.E.IL FOR NORTHERN IRELAND Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) 34 Notes to the financial statements for the year ended 31 March 2023 14 Creditors: amounts falllng due within one year 2023 2022 Accruals and deferred income 19,708 36.932 Taxation and social security OtheT creditor 1,033 37,965 19,708
C.H.A.R.T.E.IL FOR NORTHERN IRELAND 35 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 15 Restricted income funds Balance at I April 2022 Incoming resources Outgoing resources Balance at 31 March 2023 Year ended 31 March 2023 Transfers International Committee of The Red Cross- Resolve Arts Council of NirrNL Good Causes - Platinum Jubilee Dfc - Tullycarnet Community Regeneration Young Peoples Support - revenue Dfc - Tullycarnet Community Regeneration Young Peoples Support - capital Active Communities Network - Individual Carer Advice Network TEO - Good Relations- Learning Through the Divide BCC - Capacity Building (Diamond) TWN Tampon Tax- Connectin8 Women in Community NIHE - Diamond Christmas 3.877 3,877 6,335 (6,135) (200) (817) 65,689 (60,583) (2,800) 1.489 504 (317) 187 42,509 (28,458} (14,051) 474 (546) (72) 28,195 8.939 (27.319) (8,939) (876) 1.620 12.750 15.690 (1,620) (10,821) (15,660) NTHE- Community Safety PHA - Pathways to Mental Health and Peace (Ex-Prisoner and Family Support) TEO - Urban Villages - Eastside Voi¢es TEO - Urban Villages - capitaI TF.0 - Uan Villa8es - Diamond Health Club LCCC - Good Relations & Cultural ID 1,929 (90) (120) 3,182 202.339 (2,019) (627) (12,896) (12,595) 536 189,443 (69) 12,526 1,987 22,714 50 (1,987) (22.770) BCC- Summer Cultural Fest 56 BCC - Cultural Leadership BCC - Knocknagoney Christmas Ha]ifax Foundation for M TNL Community Fund - Future-proofing Habinteg Housing Association (Ulster) - Christmas - Diamond BallymaG Friendship Club - Halloween, Christmas & Remembrance Service EBCDA- East Belfast Hardship Fund ASDA Foundation - Mens Mental Health Group The Community Foundation- Queen's Tea Paty - Diamond The Community Foundation - Queen's Tea Clara Street At 31 March 2023 (50) 1,917 (1,917) (5,400) (7.630) (650) 5,400 7,260 (370) 650 1,750 (1,750) 7,000 900 (7,000) (900) 1,485 (1,485) 1.687 (1.687) 222.099 232,374 (239.692) (17,921) 196.860
C.H.LILT.E.R. FOR NORTHERN IRELAND 36 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 15 Restricted income funds Continued Of the total r¢stricted funds at 31 March 2023 of £196,860. £190,385 represents the net book value of buildings and equipment funded by TEO Urban Villages and other funders and included in Fixed Assets. The TTUStees' Report d¢scrib¢s in full the aims and uses of restricted funds. Arts Council of NINL Good Causes £200 core costs. originally allocated to unrestricted funds. have been transferred to restricted funds in line with the restricted budget set by the funder. Dfc- Tullycarnet Community Regeneration - Young Peoples Support- revenue £2,800 core costs, originally allocated to unrestricted funds, have been transferred to restricted funds in line with the restricted budget set by the funder. Active Communities Network- Individual Carer Advtee Network Th¢ £14.051 transfer is made up of £4,054 core costs, originally atlocated to unrestricted funds. now transferred to restricted funds, and £9.997 fee for services provid¢d. both in line with the restricted budget set by the funder. BCC- Caprdcity Building (Diamond) The £876 transfer is made up of £2,600 core costs, originally allocated to unrestricted funds, now transferred to restricted funds in line with the restrifjted budget set by the fund¢r. l¢ss an overall deficit on the restricted fund of £1,724.
C.H.A.ILT.E.R. FOR NORTHERN IRELAND 37 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 15 Restricted income funds continued Balance at I April 2021 Incoming resources Outgoing Tesources Balanee at 31 March 2022 Year ended 31 MAr¢h 2022 Transfers International Committee of The Red Cross - Resolve Dfc - Tullycarnet Community Regen¢ration Young Peoples Support- revenue Dfc - Tullycarnet Community Regeneration Youngy Peoples Support - capital Co-operation Ireland- Peace IV Open Doors TEO - Good Relations - Learning Through the Divide BCC - Capacity Buildin8 (Diamond) Albert Street Community Centre - Heart Projert NIHE - Diamond Christmas 32,352 4.356 (32.831) 3,877 (414) 58,061 (58.716) 252 (817) 821 (317) 504 (6.671) 40,499 (42.408) 8.580 1,350 33,579 (34.455) 474 4,014 1.647 26,150 (26,913) (3.351) {1,647) 2,470 10,580 15,210 (2,470) (12.419) (15,210) NIHE - Safe Place 1.839 (120) - Pathways to Mental Health and Peace (Ex-Prisoner and Family Support) TEO - Urban Villages - EastSid¢ Voices TEO - Urban Villages - capital TEO- Urban Villages- Diamond Health Club LCCC - Good Relations & Cultural ID BCC - Street by Street BCC - Cultural Leadership BCC - Micro T3 Together A8ain, A City Imagining Halifax Foundation for Nt (120) 4.422 215,235 (1.240) (12.896) (9.178) 3,182 202,339 9,178 367 3,000 46 (3.000) (214) (10,035) (1.155) (367) (27) 195 10,035 1,155 5,400 7.260 700 5.400 7.260 TNL Community Fund- Future-proofing Falls Cornmunity Council - Oral History Project Ballymac Friendship Club - Halloween, Christmas & Keeping Healthy, Stayin8 Safe EBCDA- Take 5 (700) (27) 27 500 (500) (500) (88) (486) (265,731) EBCDA - Diamond Utility EBCDA- Gym equipment EBCDA - Covid Support At 31 March 2022 500 88 1.086 256.184 {600) 2,867 228,779 222,099 Of the total restricted funds at 31 March 2022 of £222,099. £204.540 represents the net book value of buildings and equipment funded by TEO Urban Villages and included in Fixed Assets. The Tru5tee5' Report describes in fijll the aims and uses of restricted funds.
C.H.LRT.E.R. FOR NORTHERN IRELAND 38 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 15 Restricted income funds contillued Co-operAtion Ireland - Peace IV Optn Doors The £8,580 transfer from unrestricted funds yeaT ended 31 March 2022 relates to £8.353 losses on foreign currency exchange over the duration of ihe project, from inception in year ended 31 March 2019 to its completion in year ended 31 March 2022 and £227 unfunded core costs allocated to the project in year ended 31 March 2022. The loss on exchange reduces the £41,654 management fees already recognised, over th¢ same period from year ended 31 March 2019. to £33,301. The Ios5 on exchang¢ In year ended 31 March 2022 amounts to £1.682. DfC- Tullyc2rnet Community Regeneralion- Young Peoples Support The Iransfer from unrestricted funds of £252 relates to a shortfall in funding received in respect of salaries char8ed to the programme. BCC- Capacity Building (Diamond) Underspends from several previous years totsllin8 £3.351. not repayable to the funder. have been transferred to unrestricted funds. LCCC - Good Relations & Cllllural tD An underspend which does not need to be repaid to the fvnder of £367 has been transferred to unrestricted funds. Albert Street Community Centre- Heart Project Income of £1,647 received in year ended 31 March 2021 should have been accounted for as unrestricted as opposed to restricted and is now transferred to unrestricted funds to rectify the Situation. EBCDA - c.ovid Support The transfer of £600 oorrects an error in year ended 31 March 2021 when £600 income was incorrectly treated as restricted.
C.H.A.ILT.E.R. FOR NORTHERN IRELAND 39 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 16 Unrestricted income funds Year ended 31 Marth 2023 Balance at I April 2022 Incoming resources Outgoing resources BA19nce at 31 March 2023 Transfers General funds, including reserves Designfdted fund5: Diamond Project East Belfast Loyalist Conflict Museum Total unrestricted funds 37,965 81.341 (57,103) (7,719) 54,484 16.4l5 3.134 22.506 19,549 22,506 54.380 81,341 (57,103) l7.921 96,539 Designated funds of £42,055 (2022.. £16,415) relate to unrestricted funds set aside by the trust¢e5 for use &9 indicated above. Year ended 31 March 2022 Balance at I April 2021 Incomin8 resources Outgoing resources Bklince Rt 31 March 2022 Transfers General funds. including reserves Designated funds Total unrestricted fund$ 48,849 67,887 (59.489) (19.282) 37,965 16,415 (2,867) 16.415 54,380 48,849 67,887 (59,489) Designated funds of £16.415 relate to unrestricted fund5 set aside by the trustees for use in the Diamond project. 17 Analysis of total net assets between funds Year ended 31 March 2023 Unrestricted Restricted Total 2023 Tan8ible fAx¢d assets Net current assets 6,105 90.434 96,539 190,385 6.475 196,860 196,490 96,909 293,399 Total funds Year ended 31 March 2022 Unrestricted Restricted Tota12022 Tan8ible fixed assets Net current assets Total funds 5.925 48.455 54,380 204,540 17.559 210,465 66.014 276.479 222.099
C.H.LILT.E.IL FOR NORTHERN IRELAND 40 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 18 Reeoneiliation of net incomel(expenditure) to net cash flow from operating activities 2023 2022 Net in¢oMel(expendire) for the year Add back depreciation Charge Add back loss on disposaL (Increase)/Decreas¢ in debtors Increas&(decrease) in creditors Nel cash flow from oper¥dting activities 16,920 14,892 1.033 7,829 (18,257) 22,417 (28,554) 14,493 215 42,900 1.734 30.788 The charitable company ha8 no overdrafts, loans or finance lease obligations. 19 Contingent Liabilities A contingent liabiltty exists to repay a portion of any grants received should certain conditions not be fulfilled by the charitsble company. 20 FRC Ethical Standard - Provisions Available for Small Entities In common with many other organisations of our size and nature we use our auditors to assist with the preparation of the financial statements. 21 Company status The charity is a company limited by guarantee incorporated in the UK and registered in Northern Ireland and governed by a Memorandum and Articles of Association. The charity does not have share capitsl. The liability of each member is limited to an amount not exceeding £1 in the event of a windin8 up. The chartty's re8i8tered otyice 15 given in the Reference and Administrative Details section of the Trustees, Report. 22 Ultimate controlling party The Board of Trustees is the ultirnate controlling paty. 23 Related party transactions Charter Nl employs as its Operations Mana8er, Mrs Caroline Birch, the wife of one of its trustees. In the year to 31 March 2023 her gross taxable salary was £38,674 (2022.. £35.626) and employer's National Insurance contributions were £4.325 (2022.. £3,696). Charter NI also contributed £946 (2022.. £873) pension contributions. Durin8 the year, Caroline delivered professional workshop and residential facilitation services to a Charter Nl programme through her business, outside of her employee role in Charter NI. She was paid £1,590 which was fully funded by restricted funds.
C.H.A.R.T.E.IL FOR NORTHERN IRELAND 41 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 24 Financial and Capital Commitments The company has annual rent Commitments as follows.. 2023 2022 Within one year Within two and flve year5 4.418 5.918 2.750 8,668 4,418 The company has no Capital commitments at 31 March 2023 or 31 March 2022. 25 Non-adjusting post Balance Sheet events The Resolve Project Steps have been ongoing to amend the legal documentation regarding the transfer of the R¢solv¢ project from chart M to a separate company. Resolve Restorative Practices, a company over which the Board of Charter Nl eff¢¢tively has no legal right or control. Delays were encountered in amending the le8al fonn to be consistent with the substance of the relationship between the two ¢ompanies. but all parties involved, including the funder. have been in full agreement. Resolve Restorative Practices has been fully self-managed from l April 2022 and the legal papenvork to reflect this is now in place and signed by Charter N]. with a filing deadline for Companies House submission of 8 December 2023.