C.H.A.R.T.E.R. FOR NORTHERN IRELAND Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Statement of financial activities (incorporating the income and expenditure account) for the year ended 31 March 2024 19 Total funds 2024 Total funds 2023 Unrestricted funds Restricted funds Note Income from.. -Donations 5,050 21,534 26,584 11.582 234,034 245,616 16.632 42.608 271,107 313,715 -charitabl¢ activities 255.568 272,200 TotAI incorne Expenditure on: -charitable activitieg (52,375) (52.375) (25,79 l) (242,246) (242,246) 3,370 (294,621) {294,621) (22,421) 296.795 296.795 Total expenditure Net incomel(expenditure) for the year Transfers between funds 16,920 11,758 (14,033) {11,758) (8,388) Net movement in funds Reconcillation of funds: Fund balances brought forwArd Atl A ril Fund bAlance$ carried forward at 31 Mirch {22,421) 16,920 96,539 196,860 293J99 276,479 15-17 82,506 188,472 270,978 293.399 The Statement of Financial Activities includes 811 gains and losses recognised in the year. All amounts above relate to contlnuing operation8 of th¢ charitable company, The notes fomi part of these financial statements.
C.H.A.R.T.E.R. FOR NORTHERN IRELAND Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) 20 Balance sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 12 191,570 196.490 Current assets Debtors 13 24.762 93,OSO 117,812 (38,404) 25,543 91,074 Cash at bank and in hand 116,617 (19,708) Creditors: amount$ fAlling due within one year 14 Net eurrent assets 79,408 270.978 96,909 Total net Assets 293.399 The funds of the eharity Restricted funds 15 188,472 39,219 43,287 270,978 196,860 54,484 42,055 293,399 Unrestritted funds - general & regerves Unrestricted funds - designated Total ehgrity funds E6 16 17 The notes on pag¢s 22 to 39 form part of the fll)anctaE statements. These financial gtatements have b¢¢n pr¢pared in accordance with th¢ provisions applicable to companies subjeet to the small companies. regime. The financial Statements on pag¢s 19 to 39 were approved by the Board of Trustees on 12 D¢eember 2024 and were signed on their behalf by: Albert Hewitt- Chairperson rown . Trustee C.H.LKT.E.K for Northern Ireland Con)pany Registration number: N1054626
C.H.A.R.T.E.R. FOR NORTHERN IRELAND 21 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Statement of Cash Flows for the year ended 31 March 2024 2024 2023 Notes Net cash out linflow from o eratin activities 18 9,350 22,417 Cash flow from investing activities Purchase of tangible fixed assets Net cash used in investing activxties (7,374) (7,374) (1,950) (1,950) Net {de¢rease)lincrease in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Total cash And cash equivAlents at the eiid of the year 1,976 91.074 93,050 20,467 70,607 91,074
C.H.A.R.T.E.R. FOR NORTHERN IRELAND 22 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 Sun]mary of significant accounting policies The significant principal accouiitiiig policies adopted, judgements and key sources of estimation uncertatnty in the preparalioii of the financAal statem¢iits ar¢ set out below. Thes¢ polici¢s hav¢ b¢en consistently appli¢d to all periods pr¢s¢iiled unlcss othcnvise stat¢d. Basis of prepArAtion of fingnciAI statements The financial statemen15 have been prepared in accordance with Accounting and Reporting by Charilieg: Statement of Recotnmended PractlLe applicable to chariti¢$ preparing their accounts in accoi'daiice with the Finan¢ial R¢porting Siandiird applicable in the UK and Republic of Ireland (FRS 102) etyective l January 2019) (Chariiies SORP 2019 {FRS 102)), the Financial Reptsrtin&T Standard appli¢abl¢ in the UK and Republic of Ir¢land {FRS 102), applicabl¢ charity law, the Companies Act 2006 and UK Generally Accepted Practi¢e. Charter Nl meets the definition of a piiblic benefit entity under FRS 102 and its operations and principal activities are as disclosed in the Trustees, Report. The financial statements are prepared in 5terling> which is the functional currenLy of the charitable company. Monetary amoiints iii thcsc flnancial stateinents are round¢d to the nearest £. Assets and liabilities are initially recognised at historical Cost or transaction value unless otherwise stated in the levant aLcountin8 policy note(s). Thc financial stateinents are prepared on a going concern basis. Going concern The charitable company's activities, togcthcr with factors likely to affect its future development, performan¢e and position. continuously reviewed by the tnistees. Theye includL the charitable company's cash flow. A$ a ¢onsequcnc¢, the trustees believe that the charitable company is well placed to manage busin¢8s risks successfully desplte the CUiT¢nt uncertain econoniic outlook. Tlie Chllrilablc company meets its day to day working capital requirements through its Lash resources and banking facilities. Th¢ tnistee5 are Lonfident th21 thc charitable Lompany will have adequate resources to oiilinuc its nonnal busincss for the foreseeable futiire, and accordiiibly continues to adopt th¢ gollig con¢¢rn basis in preparing the anniial report and financial stateinents. Fund accounting The charity has various types of fLind for which it is responsible and which require specific discEosure$. A definition of the various types of fund5 is as follows: Genernl funds General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general obj¢¢tive5 of the charity and which have not been designated for other purposes. DesignAted funds Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds Reslrict¢d funds are funds which are to b¢ u5cd in accordan¢¢ with specific restrictions itnposed by donors or which have been raised by the Lharity for particular purposes. The costs of raising and administering such funds are charged against the speeific fund. UDrestrieted funds Unrestricted fi]nds are amounts which are expendable at the discretion of the trustees in fLUtherance of the aims of the chai-ity.
C.H.A.R.T.E.R. FOR NORTHERN IRELAND 23 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 Summary of significant accounting policies - continued Incoming resources All incoming resources ar¢ included in thc Statement of Financial Activities when the charity is l¢gally entitled to the income, the amoiint can be measured reliably and rcceipt Is considered probable. Income is deterred only when the charity has lo fulfil conditions which are not fully within the control of the charity before bccoming cntitlcd to it or where the donorlfunder has specitied that the income is to be exp¢nd¢d in a future period. Resources expended All cxpcnditure is accounted for on ail accruals basis 01)ce there is a IL&yal or ¢onslrucliv¢ oblig¢ltivn lo make a payment to a third party, it is probable that s¢ttlernent will be required and the amount of th¢ obligation Lan be measured reliably. Expenditure is classified uiider the following activity headings.. Charitable activities Charildble eXPLndittir¢ Lompris¢s those costs incurred by the charity in tlie delivery of its activities and s¢rvices for its beneficiaries. It Rncludes boih ¢05ts that can be allocated directly to such activilies and those costs of an indirect nature necessary to supply them. Siipport costs are those LOSt5 incurred in support of direct ¢xpenditUTC on the objectg of the charity and include projcct managemeiit. Governance cost5 are Ihosc inLurred in connection wilh ¥)dminis¢ratioii of thc Lharity and cojnpliaiic¢ witli LOIlStilutional ]d stalulory r¢quir¢in¢nis. The analysis of these cosls is included in nol¢s 5 - 7. Irrecoverable VAT is charged as a ¢ost against the activity for which the expenditure was inLurred or ¥apilalised as part of the cost of th¢ related assct as appropriate, Employee benefits When employees have rendeird service to the charity, short-term employee b¢nefits to which the employees ar¢ entitled are recogniscd at the undis¢ounted amount expected to b¢ paid in exchange for that servicc. Retirement benefit$ The company conlribiites to the NEST pension scheme with contributions charged to the SOFA as they become payable in accordaiicc with th¢ rul¢s of the scheme. Tangible Fixed Assets Thc co.qt of lan&rible assets is their purchase cost, together with aiiy incidental cost5 of 8cquisilion. Depreciation is alculaled so as to write off the cost of tangible 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.. Buildings Equipment 40/0 strnight lin¢ 251)/D Straight line Thc Garrying valiie of the langiblc fixed asset5 is reviewed annually for impairment in period to det¢rn]ine if events or changes in circumslances iiidi¢ate the Larrying value may not be recoverable. Cash at bank and ill hand Cash at bank and in hand includes cayh, deposits held at call with banks and other short-term highly IiquKd investments with original maturiries of three months or less.
C.H.A.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 2024 Summary of significant accounting policies - continued Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic ftnancial instniments. Basic financial instruments are initially recognised at transaclion price and subsequently measured at th¢ir s¢ttlem¢nt value, unless the arrangeinent constitutes a financing transaction. Financing transactions are initially measured at the pres¢nt value of the fulLire receipts discounted at a market rate of interest. and are subsequently carried at amortised cost, using th¢ cffective interest rate method. Financial assets and liabilities Llassified as receivablelpayable within one year are not amortised. Leases Rentals payable under operating leases are charged to expenditure on a straight-line basis over the terni of the relevant lease. Impairment Assets not measiired at fair value are reviewed for any indication that the asset may be impaired al each balance sheel dalc. If such indication exists, the recov¢rabl¢ amount of the iisset, or the asset's Lash generdting unit, is estimated and compared to thc carrying amount. Wlicre the carryiiig ainoiint exceeds its rccoverablc amouiit, an impairnienl loss is r¢¢ogynibed in profit or108s unless the llsset is Carried al a revalued amount where the impairmcnt loss is a revaluaiion decrease. Crltical fietounting judgements And e$tima¢ion uncertainly Estimates and judgTments are continually evaluated and are based on historical experience and other factors, including expectations of futiire events that are believed to be reasonable undeT the circumstanc¢s. Crilical.judgemeiils' in applying the enlity's ac¢Dunliiig policies - There are no critical judgements in applying the company's accounting policies. (.'ritiLal accoiiiiliiig etslimales and assiimpiiniis - There are no critical accounting estimates and assumptions. Donations Unrestricted funds Restricted funds Total funds 2024 Total tunds 2023 Non-performanc¢ grant8 Git15 11,582 11,582 s,oso 16,632 500 5,050 42,108 42,608 5,050 11,582 Of the £16,632 received in 2024, (2023: £42,608), £11,582 related to restricted funds (2023- £nil) and £5,050 to unrestrictcd funds (2023.. £42,608). Government grants Included in Donations amounted to £nil (2023,. £nil). Gifts include the use of facilili¢s provided by NIHE and valu¢d at £5,050 pa in both years.
C.H.A.R.T.E.IL FOR NORTHERN IRELAND 25 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 Income from charitable activities Unrestricted Restricted Total funds Total funds nds fiu)ds 2024 2023 Contract income 9.113 15,780 24,893 85,540 Rental income, including room hire Primary purpose trading Grants 1,260 1,260 3.943 6,790 6,790 3,069 4.371 218.254 222,625 255,568 178.555 271,107 Total income from charitable activities 21,534 234,034 Unrestricted Restricted Total funds Total funds funds funds 2024 2023 Grants received ineluded in the Above are as follows: Tullycarnet Commimity Regeii¢ration Project - Dfc Diamond Project - BCC Capacity Culturol Coiifidence in Youiig Peopl¢- TEO Good Relations Eastside Voices - TEO Urban Villages Community Safety - NII-IE Diamond Health Hiib - TEO Urban Villages East Bclfast Cultural Confidence & Tolerance - BCC 60,423 60,423 65,689 44,634 44,634 28,195 34,135 34,135 (2,019) 12,750 11,519 1,501 13,329 14,830 14,026 2,870 38,300 41,170 Sunm]ei' Cultural Fest - BCC 24,589 King's Coronation- The National Lottery Awards for All TWN Tarnpon Tax - Connectiiig Women in Community East Belf&st Hardship Fund - EBCDA Platinum Jubilee - Arts Council ot NIITNL Good Causes 8,420 8,420 8,939 7,800 6.335 Good Relations & Cultural ID - LCCC 1.304 1,304 1,987 Christmas & Knocknagoney Get Fit - NIHF. Knocknagoney Cliristma5 - BCC Christmas - Habintcg Housing Association (Ulster) Halloween, Chrislmas & R'brance - Ballymac Friendsliip Que¢n's Tea Parties - The Community Foundation Mens M¢ntsl Healtli Group - ASDA Foundation Cultural Lead¢rship - BCC BCC/Albert Street Community Centre 4,155 4,155 1,620 1,425 1.425 1,917 610 610 650 1,750 3,172 900 50 205 Total Grants 4,371 218.254 222,625 178,555
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 2024 lllcome from eharitable activities continued Of the £255,568 received in 2024, {2023- £271.107), £234,034 related to r¢stricted funds (2023: £232,374) and £21,534 to unrestricted fuiids (2023- £38,733). Government grants incllided in Income from Charitable Activities amounted to £222,015 (2023: £155,344). Non-Exehange transactions Volunteers The charitable company has benefitled 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 JLine 2017 the Diamond Project has been party to a 20-year lease on a community hub building situated at 32 Constance Strect, provided by Northern Ireland Housingl Executive al a peppercorn rent. The rateabl¢ Net Annual Valiie of this property is esiimated at £5,050pa. This tigure represeiits the cstimated amount the charity would pay in the open inarket for an alternutive cquivalcnt facility and ther¢for¢ the value of the donaled facilities. Tn liiie with thc SORP, £5,050 has Ih¢r¢fore been included in Income from Donation8 and Expenditure on Charitable ALlivities.
C.H.A.R.T.E.R. 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 2024 Expenditure on charitable activities by fund type Activitics undertaken directly Support costs Total costs 2024 Year ended 31 March 2024 Unre$lrACted funds General fund 11,651 1,799 34,987 197 46,638 1,996 3,741 52,375 Designat¢d for tlie Diamond D¢signatcd for the East B¢lf&st Loyalist Conflict Museum Tol&il Unrestricted funds 3,741 13,450 38,925 Restricted funds Tullycarnet Community Regeneration Project - Dfc Diarnond Project - BCC Capacity Pathways Programm¢ - PHA 43.401 12,963 56.364 32.431 4,930 37.361 15.780 15,780 Cultural Confidence in Young People- TEO Good Relations Cojnmunily Safety - NIFIE 29,314 5,554 34,868 11,285 946 12,231 Diamond Health Hub Diamond Health Hub - TEO Urban Villages Future Innovators - Co-operalion Ireland Gym & bike shed- TEO Urban Villages 12,656 673 13,329 1,733 150 1,883 9,021 9,021 East Belfa8t Cultural Confidence & ToleranLe - BCC 38,034 38,034 King's Coronation- The National Lottery Awards for All Core funding- Halifax Foundation for Northern Ireland 8,049 8,049 4,509 4,509 Good Relations & Cultural ID - LCCC 1,304 1.304 Christmas & Knocknagoney Get Fit - NIHE Knoeknagoney Christmas - BCC KnoLknagoney Christmas - Habinteg Housing Association (Ulster) Learning ThTough the Divide - TEO Good Relations R¢501ve - ICRC, NIHE Total Restricted fi]nds 4,155 1,423 610 4,155 1,423 610 325 325 3,000 3,000 242,246 294.621 209,521 222.971 32,725 71.650 Total expenditure
C.H.A.R.T.E.R. 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 2024 Expenditure on charitable activities by fund type- continued Activities undertaken dir¢¢tly Support costs Totol ¢o$ts 2023 Year ended 31 March 2023 Unrestricted funds General & designated funds Total Unrestrictcd funds 13,995 13,995 43,108 43,108 57,103 Restricted funds Tullycarnet Community Reg¢neration Project- Dfc Individual Carer Advice Network - Active Commiinities Network Diamond Project - BCC Capacity Pathways Programme - PHA 46,042 14,858 60,900 28,458 28.458 24,189 15,660 3,130 27J19 15,660 Ea51Side Voices - TEO Urban Villages Arts Council of NIKTNL Good Causes - Plalinum Jubilee 618 627 6,135 6,135 Community Safety - NIHE 9,438 1,383 10,821 Diumund Heulih Hul) Diamond HeAlth Club - TEO Urban Villages Gym & bikc shcd - TEO Urban Villag¢s 11,995 600 12,595 12,896 12,896 Summer Cultural Fest - BCC 22,770 6,964 7,000 22,770 8,939 7,000 5,400 1,987 1,620 1,917 650 Connecting Womeii in Commiinity - TWN Tampon Tax East Belfast Hardship Fund - EBCDA Cor¢ tunding - Halxfax Foundation for Nl Good Relations & Cultural ID - LCCC 1,975 5,400 1.987 1,620 1,917 650 Din0nd Christmas- NIHE Knocknagoney Christmas - BCC Diamond Christmas - Habint¢g Housing Association {Ulster} Hdlloween, Christmas & Remembrance Service - Ballymac Friendship Club Future-proofing - TNL Community Fund Learning Through the Divide TEO - Good Relations Queen's Tea Parties - The Commuiuty Foundation Men's Mental Health Group - ASDA Foulldatxon Totsl Rcstrictcd funds 1,750 1.750 7,630 324 7,630 546 222 3,172 3,172 900 900 212,115 27,577 239,692 Total expenditure 226.110 70,685 296,795
C.H.A.R.T.E.R. FOR NORTHERN IRELAND 29 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 Support costs UnrestriL'ted funds RcslricL.d funds TotAI fund$ 2024 Total funds 2023 Salaries & pellsions R¢nt & rates 25,619 3,872 419 17,538 4.715 962 43,157 46.592 9,101 1,063 1,637 3,127 792 H¢ul & light Repairs & maintenance Insurance 1,381 373 223 150 1,745 160 2,373 633 4.118 793 Telcphone Depreciatioi) Professional fees 598 598 250 2,160 40 2,000 4,160 40 2,827 360 Stationery Software licen¢e 675 675 615 Hospitality Sundry Website 543 543 116 117 551 492 492 144 Bank fees 437 179 616 626 Gov¢rnance costs (Note 7) 1,826 38,925 4,174 32,725 6,000 3,000 70,685 Of the £71.650 expended in 2024, (2023.. £70.685), £32,725 related to r¢strict¢d funds (2023: £27,577) and £38,925 to unrestricted funds (2023: £43,108). Governance costs Unrestri¢t¢d funds Restricted Funds Total funds 2024 Total fi]nds 2023 Professional fees - audit 1,826 1,174 3,000 4,174 3,000 3,000 6,000 3,000 Legal Losts re Resolve 1.826 3,000 Of the £6,000 expended in 2024, (2023: £3.000), £4,174 related to restricl¢d ndS (2023.. £1,361) and £1,826 to unrestrict¢d funds (2023: £1,039).
C.H.A.R.T.E.R. FOR NORTHERN IRELAND 30 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financRal statements for the year ended 31 March 2024 Net ineomel(expenditure) for the year 2024 2023 This is stPAted after charging.. D¢pr¢¢iatioii Operating lease - rental charges Fees payable to company auditor- audit ()f the accounts 12,294 8,587 3.000 14,892 8.837 3,000 Staff costs and emoluments 2024 2023 Wages and salaries Social security costs Pension costs 113.348 5.057 2,551 (462) 120,494 108,901 5,337 2,437 152 Movement on holiday pay accrual 116,827 Key manAgement compensation 2024 2023 Key manugement Compensation 79,331 85,240 2024 2023 Number Number The number of persons employed by the Company during the year WAS: Direct, support and governance No employee received remuneration of more than £60,000 during the year (2023.. Nil). The pension amounls recognised as an expense in the year w¢r¢ £2,551 (2023: £2,437) in respect of its own contribution. 10 Trustees, Remuneration and Benefits Thei'e was no trustees, remuneration or other benefits for the year ended 31 March 2024 (2023: £nil). No trustee receiv¢d Piiyment for professional or otlier serviccs supplied to the Lharitable company {2023'. nkl) Trustees, expenses There were no trLiStees' expenses relmbursed for the year ended 31 March 2024 (2023: £nil)-
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 ellded 31 March 2024 I l Taxation The company is a registered charity. and as such is entitled to certain tax exemptions on income and profits from investments. and surpluses. on any trading activities ¢anied on in furtherance of the charitys prin]ary objectives, if these profits and surpluses ar¢ applied solely for charitable purposes. 12 Tangible fixed assets Lond & buildings Equipment Total Cost At l April 2023 Additions 230,169 29,669 7,374 (130) 36,913 259,838 7,374 (130) 267,082 Disposals At 31 MArch 2024 230,169 AceumulAted depreciHtion At l April 2023 Disposals Charge for the year At 31 March 2024 36,084 27,264 (130) 3,273 30,407 63,348 (130) 12,294 9,021 45,105 Net book amount At 31 March 2024 18S,064 194,085 6,506 191.570 At 31 MarLh 2023 2,405 196,490 A Deed of Mortgage and Charge is registered againgt the community gym and bicyele workqhop modular buildings at 31 Kingswood Street conipleted iii July 2019, in tavour of TEO, wlio tunded th¢ premises under the Urbaii Villa&vcs Dcvelopment Fund al a cost of £225,527. Subject to there being no breach of the project funding agr¢¢m¢nL th¢ property wtll be released to the charitable company on 13 Febrnary 2029. 13 Debtors 2024 2023 (irants & donations receivabl¢ Contract inLome 23.191 16,793 8,500 250 Prepayments and accrued income 1,571 24,762 25,543
C.H.A.R.T.E.R. 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 2024 14 Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income Other creditors 36,259 17,484 2.224 19.708 2,145 38,404
C.H.A.R.T.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 2024 15 Restricted income funds Balance at I April 2023 Incoming resources Outgoing resources BAlance at 31 March 2024 Yexr ended 31 March 2024 TYansfer8 Tullycarnet Commuiiiiy Regeneration Project - Dfc Diamond Project- BCC Capacity Pathways Programme - PHA Cultural C.ollfideiice in Young People - TEO Oood Relations EasiS&de Voices - TEO Urban Villages Community Safety - NIHE 1,676 60,423 (56,364) (5,548) 187 44,634 15,780 34,135 (37.361) (15,780) (34,868) (6.483) 90 790 (90) 733 (536) 391 1,929 11,519 (12,231) 1.608 Di(thiond Health Hub Diamond Health Hub - TEO Urban Villages Future Innovators- Co-operation Ireland Gym & bikc shed- TEO Urban Village8 (69) 13,329 7,082 (13,329) (1,883) (9,021 } 69 5,199 180,422 189,443 F.a8t Belfa8t Cultural Contjdence & ToleranL'e - BCC King's Coronation- The National Lottery Awards for All Core fiindiiig - Halifax Foundation for Nl Good Relations & Cultural ID - LCCC Christmas & Knocknagoncy Get Fit - NIHE Knocknagoney Christmas - BCC Knocknagoney Christmas - Habinteg Housing Association (Ulst¢r) Futtir¢-prooting - TNL Community Fund Learning Through the Divid¢ - TEO Good Reldlions Re.8olve - Intei'national Committee of The Red Cross, NIHE 38,300 (38,034) 266 8,420 (8,049) {371) 4,500 (4,509) (1.304) (4,155) (1,423) {610) 1,304 4,155 1,425 610 (2) (370) (72) 370 (325) 397 3,877 (3.000) (877) At 31 Mareh 2024 196,860 243.616 (242,246) (11,758) 188,472
C.H.A.R.T.E.R. FOR NORTHERN IRELAND 34 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 15 Restricted income funds continued Of the total restricted funds ai 31 March 2024 of £188,472, £185,621 represents the net book valu¢ of buildings and equipment funded by TEO Urban Villagcs and other nderS and included in Fixed A55ets. The Tru5t¢¢s' Report describe5 in full th¢ aims and uses of restrictcd funds. Dfc - TullycArnet Community Regeneration Project £2,800 core costs, originally allocated to unrestricted funds in year ended 31 Mai'ch 2024. have been transf¢iTed to restricted funds, in line wilh the restricted budgJ¢l set by the funder. In addition, there was £2,748 extra funding received over the two years to 31 March 2024 10 help with rising overhead Losts and it too ha5 now becn transferred to unrestri¢t¥d funds. BCC Capacity- DiAmond Projeet £5,983 core costs. originally alloLated to iinrestricled funds in year ended 31 March 2024, have now transferred to restricted fi]nds in line with the restricted budget sct by the funder. In addition, th¢r¢ was £500 extra ndIng rc¢cived to h¢lp wilh rising ovcrliead cost5. TEO UrbAn Villages- Eastside Voices The £536 surplus on this conipleted pi'ogramme has becn transferred to TEO'S Cultural Confidence in Young People programme. The NationAI Lottery AwArds for All- King's Coronntion Tlie £371 sui'plu5 on ihis coinpleted prograinine lias bcen transferred to covcr thc deficit on TNL'S Future-pro0fg programme. International Committee of the Red Cross- Resolve After Ineeting) the IL&yal Losts of 8cparating Resolve froin Charter Nl, the £877 surplus which remained has been transferred in ac¢ordance with th¢ funder's wishes, lo iinr¢stricted reserv¢s, Some small restricted deficits have been met from unreslricled funds eg £397 TEO'S Learning through the Divide, £391 NIFIE'S Cominunity Safety.
C.H.A.R.T.E.R. 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 2024 15 Restricted ineome funds continued BalanLe at I April 2022 Incoming r¢soiirccs Outgoing resourcc8 BAlance at 31 March 2023 Year ended 31 March 2023 Transfers TullyLarnet Community Regeneration Project - Dfc Individual Carer Advice Network - Active Communities N¢iwork Diamond Project- BCC Capacity P&tliway5 Programme - PHA Eastside Voi¢e5 - TEO Urban Villages Community Safety - NIHE (313) 65,689 (60,900) (2,800) 1,676 42,509 (28,458) (14,051) 28,195 15,690 (27,319) (15,660) (627) (10,821) (876) (120) 3,182 (90) 536 (2,019) 12,750 1,929 DirtRiondHcdlth Hub Diamond Health Hub - TEO urb£ Villages Gyin & bike shed - TEO Urban Villages 12,526 (12,595) (12,896) (69) 189,443 202,339 Summer Cultural Fest - BCC 22,714 {22,770) (8,939) 56 TWN Tarnpon Tax - Connecting Women in Community East Belfast Hardship Fund - EBCDA Platinum Jubilee - Arts Council of NIITNL Good Caiises Core funding - Halifax Folindation for Nl Good Relations & Ciiltural ID - LCCC 8,939 7,000 6,335 (7,000) (6,135) (200) 5,400 (5,400) (1,987) 1,987 Diamond Chrt8tmas - NIHE 1,620 1,917 650 (1,620) (1,917) (650) Knocknagoney Christmas - BCC Diamond Christmas - Habintcg Housing A.8sociation (Ulster) Halloween, Christmas & Remcinbraiice Service - Ballyillac Friendship Club Future-proofing - TNL Cominunity Flind Learning Through the Divide- TEO Good Relations Resolve - Enternational Committee of The Red Cross Queen's Tea Paty Clara Street - The Community Foundation Queen's T¢a Party Diamond - Th¢ Coillmunity Foundation Mens Mental Health Group - ASDA Foundation Cultural Leadership - BCC At 31 March 2023 1,750 (1,750) 7,260 474 (7,630) (546) (370) (72) 3,877 3.877 1,687 {1,687) 1,485 (1,485) 900 (900) 50 (50) (17,921) 222,099 232,374 (239,692) 196,860
C.H.A.R.T.E.IL 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 2024 15 Restricted income funds continued Of the total restricted funds at 31 March 2023 of £196,860, £190,385 repr¢s¢nts the net book value of buildings and quipment nded by TEO Urban Villages and other funderq and included in Fixed Ass¢t$. The Trustees, Report describes in full th¢ aims and uscs of restricted funds. DfC- Tullycarnet Community Regeneration Project £2,800 core costs, originally allocated to uurcstricted funds. have been transferred to rcstricted funds in line with the restricted budget set by the fund¢r. Aetive Communities Network- Individual C#rer Advice Network The £14,051 Iraii%fer is made up of £4,054 core costs, originally allocAted to unrestricted fundq, now tranSfe¢d to restricted funds, and £9,997 fe¢ for service4 provided, both iii line with the restricted budgei set by the fiinder. BCC CAPJlClty - Diimond Project The £876 transfer is mdde up of £2,600 core costs, originally allocated to unrestricted tsnd5, now transferred to restricted funds in line with the restricted budget set by the fund¢r, less an overall deficit on the restricted fund of £1,724. Arts Council of NirrNL Good Causes £200 corc cost,s, originally alloLated to unrestricted funds. have been transferred to restricted funds in line with the restricted biidget set by the funder.
C.H.A.R.T.E.IL 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 2024 16 Unrestricted income funds Year ended 31 March 2024 Balan¢¢ at I April 2023 Incoming resources Outgoing resources BAlance at 31 Mireh 2024 Transfers General funds, including reserves DesignAted funds: Diamond Project East Belfast Loyaligl Conflict Museum To(al unrestricted fuiids 54,484 19,615 (46,638) 11,758 39,219 [9,549 22.506 6.969 (1,996) (3.741) 24,522 96.539 26.584 (52,375) 11.758 Designated funds of £43,287 (2023: £42,055) relate lo unrestricted funds set asid¢ by the trnstees for us¢ as indicated &bov¢. Year ended 31 March 2023 Balance at I April 2022 Incoming resources Outgoing re8oufLes BAIAnce at 31 March 2023 Transfers GenerAI funds. Including reserves DesignAted funds: Diamond Proj¢¢t East Belfast Loyalist ConfliLI Museum Total unr¢slricced fund5 37,965 81.341 (57,103) (7,719) 54,484 16,415 3,134 22,506 22,506 54,380 81,341 (57,103) 17,921 96.539 17 Analysis of total net assets between funds YeAr ended 31 March 2024 Unrestricted Restricted Total 2024 Tangible fixed assets Net current assets 5,949 76,557 82,506 185,621 2,851 188,472 191,570 79,408 270,978 Total funds Year ended 31 March 2023 UDr¢stricted Restrict¢d Total 2023 Tangible fixed assets Net current assets 6,105 90,434 96,539 190,385 6,475 196,860 196,490 96,909 293,399 Ttst%EI funds
C.H.A.R.T.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 2024 18 Reconciliation of net income/{expenditure) to net cash flow from operating activities 2024 2023 Net inLomel(expendilur¢) for the y¢ar Add back depreciation charge Add back loss on disposal (Increase)IDecrease in debtors Incr¢ascl(decrease) in ¢rcditors Net cAsh flow from operating activities (22,421) 12,294 16,920 14,1192 1,033 7,829 (18,257) 22,417 781 18,696 9,350 The charitable company has no overdrafts, loans or finance lease obligations. 19 Contingent Liabilities A concingenl liability exists to repay a portfton of any grants received should certain conditions iiot be fulfilled by the charitable colnpiy. 20 FRC Ethical Standard - Provisions Available for Small Entities In Lommon with many other organisations of our size and nature we use our auditors to assist with the preparation of the financial statementy. 21 Company status The charity is a company limlled by larantee incorporated In the UK and regi5tercd in Northern Ireland 2nd sovemed by a Mcmorandum and Articles of A.ssociation. The rhaiity does not have share capital. The liability of eaLh member is limited to an amount not cxceeding £ l in the event of a wiiiding up. The charily's re&iistered otlice is given in the Ret-erence and Administrative Details section of the Trustees, Report. 22 Ultimate controlling party The Board of Trustees is the iiltimate controlling party. 23 Related party transactions Charter NI employs as its Operations Manager, Mr5 Caroline Birch, the wife of one of its trustccs. In the ycar to 31 March 2024 her gross taxable salary was £34,333 (2023-. £38,674) und employer's National Insurance ¢ontribution.s were £3,483 (2023.. £4,325). Charter Nl also contributed £843 (2023.. £946) pension contrlbutions. In year ended 31 March 2023, Caroline delivered professional workshop and residential faciliiation servi¢es to a Charter NI programine through her business, outside ot her employee role in Charter Nl. She was paid £1,590 which was ftilly fijiided by Testrieted funds.
C.H.A.R.T.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 2024 24 Fillancial and Capital Commitments The con]pany has annual rent conllnitments as follows., 2024 2023 Within one year Within two and five ycars 4,418 4,418 4,418 4,418 The company has no capilal comrnitmcnts at 31 March 2024 or 31 March 2023.