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 2025 19 Total funds 2025 Total funds 2024 Unr¢striLted funds RegtriLted nds Note Income from: -Donations 10,050 19325 29,475 18,494 235.997 16,632 255,568 -charitable activities 216,572 225,016 Total income 254,491 272,200 Expen(liture on: -C.harilable activitie5 (47,534) (47,534) (18,059) (216,519) (216,519) 8,497 (264.053) (264,053) {9,562) (294,621) (294,621) (22,421) Total expenditure Net incomel(expendilure) for the yeAr Transfers behveen funds 11,190 (6,869) (11,190) (2,693) Net movement in funds (9,562) (22.421) Reconciliation of funds: Fund bAlances brought forward atlA ril Fund bAlanees carried forward at 31 March 82.506 1811,472 270,978 2c)3,399 15- 17 75,637 185,779 261,416 270.978 The Statement of Financial Activities includes all gains and losses recognised in the year. All amounts above relate to continuing operations of the charitable company, The notes forni 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 Mareh 2025 2025 2024 Note Fixed assets Tangible &ssets 12 187227 191,570 C.'urr¢nt aS8ets Debtors 13 21W9 73W2 24,762 93,050 117.812 {38,404) C&8h ai bank md in hand Cre41itors: amounts (178 due wlthln one y 14 (21222) Net ¢ui'rent #ssets 74,189 261,416 79.408 Total net assets 27U.9715 The funds of the eharfty Restricted funds 185,779 3&176 40A61 188,472 lJnrn5trfcted fvnds- %enerMI & rerv Unrntrieted fund8- dui8nated I'otal eharity funds l6 16 43.2117 17 261A16 270.978 The notes on pages 22 to 39 form part of the financi swements. financial sialemenls have beth prepared in accordance H'ith the proi'isions applAc4bl¢ lo companie5 Subject lo the sma]I COMpleS, regime. The finllncilll SteMentS on pages 19 10 39 were approi'ed . the Board of Trustrts m 9 December 2025 and 'ern si8nd on their behail .: Albert Hewltt- Chairyorson Z'craig Brown- Tiw%tr C.HAW.E.R. for Thortln I11nd Comp)y Registrntion number: N1054626
C.H.A.R.T.E.IL 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 2025 2025 2024 Notes Net cfish out liDflow from o eratin activities 18 11,799 9.350 Cash flow from investing Activities Purcliase of tangible fixed assets Net cAsh used in investing gctivitles (7,399) (7.399) (7,374) (7.374) Net (de¢r¢asc)linLrease in cash and cash equivalents io the year Cash und cash equivalents at thc beginning of the year TotAI eAsh and c4sh equivalents At the end of the year (19,198) 93,050 I,976 91,074 93,050
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 2025 Summary of significant accounting polici¢s The significant principal accounting policies adopted, jiidgernents and key sources of estimation uncertainty in the preparation of the financial 8taternents are set out b¢low. These policies have been consistcntly applied to all p¢riods pr¢s¢nt¢d unless othenvise stated, Basls of prepmralion or rinancial statements The financial statements have been prepared in accordance with Accounting and Reporting by Chartties.. Statement of Recommended Practicc applicable to charities preparing, th¢ir accounts in accordance with the FinanLial R¢porting Stand<wd appliLable in the UK and R¢publi¢ of Ireland (FRS 102) effective l January 2019) - (Cliariti¢s SORP 2019 (FRS 102)), the Financial Reportin¥ Standard applicable in the UK and Republic of Ireland (FRS 102). applicable Lharity law, the Compaiuc¥ A¢t 2006 and UK GLnerally AcL'epled PraLtILe. Charler Nl meets the definition of a piiblic benefit entity uiider FRS 102 and its operation5 and principal activities are as disclosed in th¢ Trustees, Report. The financial statements are prepared in sterling, which is the functional ciwr¢ncy of the charitable company. Monetary amounts in th¢s¢ financial stalemenls are rounded to th¢ n¥ar¢¥t £. Assets and liabllities are initially recognised at historical cost or transaction value unless othenvi5e stated in the relevant accouiiting poliLy note(s). The financial stateinenls are prepared on a going concern basis. Going contern The charitable company's activities, together with factors likely to affect ils future developmeiit. performance and position, are continuously reviewed by the trustees. These include the LhariÉable company's cash flow. As a consequence. the trustees believe that the charitable company is well placed to manage business risk8 successfully despite the current uii¢¢rlain ccoiiomic outlook. The chariiable cornpany meets its day to day working capiial requiitments through its cash re50ufLes aiid bankiiig, fatyilities. Thc tnistees are confident Ihal the cliarilable company will have adequate resources to continue ils normal biibiiiLss for tlie for¢secabl¢ future, and aLLordin¥ly conlinu¢s to adopt the going coiicern basis in prepariiig the annual reporl and financial statements. Fund accounting The charity has various types of fund for which it is responsible and which require specific disclosures. A definition of the various types of funds 18 as follows: General funds General fund5 are unrestricted fiinds whiLh are avaftlable for use at the discretion of the trn5tees in furtherance of the general objectives of the charity and which have not b¢en designated for oth¢r purposes. Designated funds Designated funds comprise unrestricted funds that hav¢ becn set aside by the trustees for particular purpoyes. Restricted funds Restricted fimds arc fund5 which are to be us¢d 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 sueh fiinds are charged against the specific fun Ullrestricted funds Unrestricted funds are amounts which are expendable at the discretion of the trustees in rtherallce of Ihc aims of the charity.
C.H.A.R.T.E.IL 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 2025 Summary of significant accounting policies - continued Incoming resources All incoming resource.4 are incliided in the Statenient of Financ?al Activtties when the chariry 19 legally entitled to the income, the amount uan be mekL4ured reliably and receipt is considered probable. Incom¢ 18 d¢f¢rred only when the charity has to fulfil conditions whi¥h are not fully within the control of the charity before becoming entitled to it or where the donorlfunder has specifi¢d that th¢ income is to be expended in a future period. Resources expended All expenditure is Accounted for oil an accruals basis once there is a legal or constructive obligation to n]ake a payment lo a third party. il is probablc that settlcment M'ill be required and th¢ amount of the obligation Lan be mcasurcd rellably. Expenditure is classified under Ihe following activity headings.. Chfirilable activitie5 Charilable ¢xpeiiditure uomprises those costs incurred by the charity in the delivery of its octivities and services for 115 beneficiaries. It includes both costs that can be allocated directly to such activitie5 and those costs of an indirect nalurc necessary lo supply them. Support costs are those costs incurred in support of direct expenditure on the objecls of the charity and include project manageinent. Gov¢rnanc¢ costs are those inLurred in connection with administratioii of Ihc charity and compliaiice with coiislitutional and statutory requtr¢ments. The analysis of these costs ts included in notes 5 7. ITre¢overable VAT is charged as a cost against tlie activity for which the expellditur¢ was incurred or capitalised as part of the ¢o$l ot'th¢ related asset as appropriate. Employee benefits When employees h&ve rendered service to the Lharity, short-temi employee benefits to which the employees are entitled are recognis¢d at the undlscounted arnount expected to be paid in cxchangye for that service. Retirement benefits The company contributes to the NEST pension scheme with contributions charged to the SOFA as th¢y become payable in accordance with the rules of the scheme. Tangible Fixed Assets The cost of taiigible assets is iheir purchase cost, together with any incidental ¢osL% of acquisition. Deprecialion is calculalLd so as to write off tlie cost of tangible fixcd assets, Icss their estimated residual values, on a straight-line basis ovcr the expected iiseful e¢onoTnic liv¢s of thc assets coiicerned. The principal annual rat¢S Used are as follows- Buildijigs Equipnient 40/0 Straihl liiie 250/0 Strai&yht lin¢ Th¢ carrying value of the tangible fixed &8sets is reviewed annually tor impairment in period to detern]ine if events or changes in circumstances indicate tlie Ciirrying Viilue may not be recoverable. Cash at bank and in hand Cash at bank and in hand incliid¢s Cash, deposits held al call with banks and other short-ternl highly liquid investments with onginal maturities ot three molllbs 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 2025 Summary of significant accounting policies - continued Financial insÉruments The company only has financial assets and fmallcial liabilities of a kind that qulllify as basi¢ fin1claI instniments. Basic financial instruments are initially recognised at transaction price and subsequently measured at te1r settl¢m¢nt value, unless th¢ arrangement constitutes a financing transaction. Financing transactions are initially measured at the pr¢sent value of th¢ fuliire receipts discounted al a market rate of interest. and are subsequently carrKed at amortis¢d cost, using tlie effective interest rat¢ method. Financial absets and liabililies Llassified as receivable/payable within one year are not amortised. Leases R¢ntals payable linder operating leases are charged to expendithre on a straight-line basis over the term of the r¢l¢vant lease. Impairment Assets not measiired at tair value are reviewed tor any indication that the asset may be impaired at each balance. sheet d<2le. If such indication ¢xi515. thc r¢¢ov¢rable amount of the asset. L)r the asset's Lt*sh generating unil, is estimat¢d and compared to the carrying amouiit. Wh¢r¢ th¢ cattying amount ¢xc¢ed% its i-ecoverable amount, an iinpairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where th¢ impairinenl loss is a revaluation decrease. Crltlcal aceountlng judgements and esiimation uncertainty Estimates and judgrnents are continually cvaluated and are based on historical expeTienLe and other factors, including expectations of future events that are b¢lievcd to be reasonable under the circumstances. Crilical.jtsdxemeiil.s In applying ihe enlity's accoiinliiig policies company's accounting policies. (,'rilical ac'c(?14nlipig e&limales undas.sumpiioiiJ - There are no critical accounting estimates and assumptions. There are no critical judgements in applying the Donations Unrestricted fitnds Restricted funds Total fund5 2025 Total funds 2024 Non-performancc grants Gifts 8,388 56 8?88 10,106 18,494 11,582 5,050 16,632 10,050 10,050 8,444 Of the £18,494 received in 2025, (2024: £16.632), £8,444 related to restricted funds (2024.. £11,582) and £10,050 to unrestricted fiJnds (2024: £5,050). Governinent grants included in Donulioi)s ainounied lo £nil {2024.' £nil). Gifts intiliide the use of facilitics provided by NIHE and valued at £5,050 pa in both years.
C.H.A.R.T.E.R. 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 2025 Income from charitable activities Unrestricted RestrÉ¥ted Total funds Total funds funds fldS 202S 2024 Contract income 6,727 15,682 22.409 24,893 R¢ntal incomc, including room hire Primary purpose trading Grants 1,922 1,922 1,260 4.881 4.881 6,790 5.895 200.890 222.625 Total income trom charitable activities 19.425 216.572 235.997 255,568 Unrestricted Restricted Total funds Total funds funds funds 2025 2024 Grxnts received included in the above are as follow8: Tullycarnet Community Regeneration Project - Dfc Diamond Proj¢ct - BCC Capacity Positive Change Staits at Home - TEO Good Relations Cultural Confidence in Young People- TEO Good Relations Conimunity Safety - NIHE Diajnond Health Hub- TEO Urban Villages Community Diversionary Festiv&l - BCC East Belfast Cultiiral Confidence & Tolerance - BCC 64,660 64,660 60,423 42,067 42.067 44,634 25,564 34,135 13,638 13,638 11,519 3,426 1,713 5,139 14,830 2.469 34,233 36.702 41,170 King's Coronation - The National Lottery Awards for All Beacons - BCC 8,420 7,489 7,489 Good Iielations & Cultural ID - LCCC 1,304 Christm&8 - NIHE 2,869 2,869 Christmas & Knocknagoney Get Fit - NIHE Knocknagoney cIlStMaS - BCC Woven Housillg Association - Knocknagoney Wom¢n'5 Fitness Christmas - Habinteg Housing Association (Ulster) Take 5 Severn Street- BCC 4,155 2,763 2,763 1,425 1,534 1,534 610 2,500 2,500 Crafty Womell's Collectiv¢- James Brown & Sons Community Fund 1,860 1,860 Total Grants 5,895 200.890 206,785 222,625
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 2025 Illcome from charitable activities continued Of the £235.997 received in 2025, {2024: £255,568), £216.572 related to restricted filnds (2024.. £234,034) and £19,425 to unrestricted funds (2024: £2 I,534). Government grants included kn Income from Charilable Aclivities amounted to £203.391 (2024.. £222,015). Non-Exchange transactions Volunteers The charltable company has benefitted from ihe 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 party to a 20-year lease on a community hub building Situated at 32 Constance Street, provided by Noi1hern Ireland Housing Executive at a peppercorn rent. Tli¢ raL¢abl¢ Nct Annual Value ot this property is estimated at £5,050pa. This figure represents the estimated amount the cliarity w(>uld pay ihe open market for 011 alternative equivalcnt facility and therefore the value of the doiiuted facilities. In line with the SORP, £5,050 has thcrcforc bccn included in Incom¢ from Donations and Expenditure on Charitablc Activities.
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 2025 Expenditure on charitable activities by fund type Activities undertaken directly Support costs Total Costs 2025 Year ended 31 March 2025 Unrestricted funds General fund 8,418 5,099 29,676 353 38,094 5,452 3,988 Designated for the Diamond Design&ted tor the East BeLlast Loyalist Contlict Museum Total Unrestricted funds 3.988 34,017 l3,5l7 Restricted funds Tullycaniet Community Regeneration Project- Dfc Diamond Project - BCC Capacity 45,523 l3,501 59,024 32,092 4,072 36,164 Pathways Programme - PHA 16,081 16.081 Positive Change Starts at Home- TEO Good Relations 19,221 6.391 Comrniinity Safely - NIHE 10,370 1,256 11,626 Diamvnd H¢ulth Hub Diamond Health Hub - TEO Urban Vfftllages Futur¢ Innovators - Co-operation Ir¢land 1,733 1,733 Gym & bike shed- TEO Urban Villages 9,021 9,021 Community Diversionary Festival - BCC Core funding- Halifax Foundation for Northern Ireland 34,233 34,233 8,388 8a88 BeaLons - BCC 7,499 7,499 Christmas - NIHE 2,839 2,765 1,534 2,839 2,765 IW4 Knocknagoney Christmas - BCC Kno¢knagoncy Wornen's Fitne3s - Woven Housing Association Total Rcstricted funds 182,911 196,428 33,608 216,519 264,053 Total expenditure 67,625
C.H.A.ILT.E.R. FOR NORTHERN IRELAND 28 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Note5 to the financial statements for the year ended 31 March 2025 Expenditure on charitable activities by fund type - continued Activities undcrtaken dir¢ctly Support Total costs 2024 Year ended 31 Marcb 2024 Unrestricted funds General fund 11,651 1,799 34,987 197 46,638 1,996 3.741 Designated foT the Diamond Degignated t'or the East Beltast Loyalist Contlict Museum Total Unr¢strict¢d fvnds 3,741 38,925 13,450 52,375 Restricted funds Tullycarnet Community R¢g¢neration Project - Dfc 43,401 12,963 56,364 Diamond Project - rjcc Capacity 32,431 4.930 37,361 Pathways Programme - PHA 15,780 15,780 Cultural Confidence in YoLing People - TEO Good Relations Community Safety - NIHE 29,314 5,554 34,868 11,285 946 11231 Di4mund Hcalth Hub Dftarnond Health Hub - TEO Urban Villag¢s 12,656 673 13J29 Fiiture Innovators - Co-operation Ireland 1,733 150 1083 Gym & bike sh¢d - TEO Urban Villages 9,021 9,021 East Belfast Cultural Confidence & Tolernn¢e - BCC 38,034 38,034 King's Coronthtion - The National Lottery Awards for All &049 8,049 Coir funding- Halifax Foundation for Northern Ireland 4,509 4,509 Good Relatioiis & Cultural ID - LCCC 1,304 1,304 Christmas & Knocknagoney Get Fit - NIHE Kno¢knagoney Christmas - BCC Knocknagoney Christh]as - Habinteg Housing Association (Ulster) Learning Through th¢ Divide - TEO Good R¢lations Resolve - JCRC, NIHE Total Restrkcted fid8 4,155 1,423 610 4,155 1,423 610 325 325 3,000 3,000 209.521 222.971 32.725 242,246 294,621 Total expenditure 71.650
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 2025 Support costs Unreslricted funds Restricted funds Total fund5 2025 Total funds 2024 Salariey & pensions Staff ent¢rtAinment 21,301 500 21,894 43.195 500 43,157 Rent & rates 3,101 165 5,736 1,238 8.837 1,403 121 8,587 1,381 373 Heat & light Repairs & nkaint¢iianLe Insurance 121 2,747 14 2,648 779 5,395 793 4,118 793 Telephone Depreciation Protessional f¢es 876 876 598 2,430 2.430 4,160 40 Stationery Software licence 308 308 675 Hospitality Sundry Website 543 189 189 117 492 Bank fees 392 186 578 616 Governance costs (Note 7) 1,873 1,127 3,000 67,625 6,000 71.650 34,017 33,608 Of th¢ £67,625 expended in 2025, (2024: £71,650), £33,608 related to restricted funds (2024.. £32,725) and £34,017 to unreslricled fundy (2024,. £38,925). Governydnce costs Unrestricted fi]nds Restricted Funds Total funds 2025 Total fiinds 2024 Profcssional f¢¢s- audit 1,873 1,127 3,000 3,000 3,000 6,OOQ lkgal costs re Resolve 1,873 1,127 3,000 Of the £3,000 ¢xp¢nded in 2025, (2024.. £6,000), £E,127 related to restriLted lld8 (2024.. £4,174) and £1.873 to unrestricted funds (2024.. £1,826).
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 fmancial statements for the year ended 31 March 2025 Net incomel(expenditure) for the year 2025 2024 This ks staled atter charging: D¢prccialion Operating l¢as¢ - r¢nlal chaTges Fees payable to coinpany auditor- aiidit of the accolints 11.742 8,837 3.000 12.294 8,587 3,000 Staff costs and emoluments 2025 2024 Wagcs and salari¢s SoLial seLurity costs Pension costs 115,919 5,966 2,727 (1,681) 122,931 113,348 5,057 2,551 (462) 120.494 Movemeiit on holiday pay accnial Key management compen$8¢io 2025 2024 Key m8iiag¢ment compensation 81,107 79,331 2024 Number Number The number of persons employed by the company during the year WRS: Direct, support and governance No employee received remuneration of more than £60,000 during the year (2023.. Nil). Th¢ p¢nsioii amounts recogniscd as an expense in the year were £2,727 (2024: £2,551) in respect of its own contribution. 10 Trustees, Remuneration and Benefits There was no trustees, remiineration or other benefits for the year cnd¢d 31 March 2025 (2024.. £tiil). No trustee received payment for protessional or other services supplied to thc charitable company (2024: nil) Trustees, expenges There were no trustees, exp¢ns¢s r¢imburscd for the year ended J l March 2025 (2024: £nil).
C.H.A.R.T.E.R. FOR NORTHERN IRELAND 31 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 I l Taxation The company is a registered charity, and as such is entitled to certain tgx exemptions on income and profits from investments, and SUTpluses on any trading activities caLTied on in furtherance of the clwity's pritnary objectives, if these profits and sukpluses are applied yolely for Lhdrilable purpo¥ets. 12 Tangible fixed assets Land & buildings Equipment Total C(v6t At l April 2024 Additions 230,169 6,949 36.913 450 267.082 7,399 (479) 274.002 Disposals At 31 Mfirch 2025 (479) 36,884 237,118 Aceumulated depreciation At l April 2024 Disposals Chorge for the year At 31 Mareh 2025 45,105 30,407 (479) 75,512 (479) 11,742 86,775 9,299 54,404 32,371 Net book amount At 31 Marth 202$ 182.714 187,227 At 31 March 2024 185,064 6,506 191,570 A Deed of Mortgage and Charge is registered against the comniunity gym and bicycle workshop modiilar buildings at 31 Kingswood Street Qomplcted in July 2019, in favour of TEO. who funded the premises under the Ut6an Villages Development FuLid at a cost of £225,527. Subject to there being no breach of the project funding agreement, the propety will be released to th¢ charitable company on 13 Febniary 2029. 13 Debtors 2025 2024 Grants & donations reLeivable 21,309 250 23,191 1,571 24,762 Prepayments #nd accrued income 21,559
C.H.A.R.T.E.R. FOR NORTHERN IIIELAND 32 Communities Having a Response Towards Economic Regeneration (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 14 Creditors: amounts falling due Ivithin one year 2025 2024 Accruals and defeiTed income 18,151 3,071 21.222 36,259 2,145 38.404 oihei. creditors
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 2025 15 Restricted income funds Balance at I April 2024 Incoming resources Outgoing resources Balance Vdt 31 MArch 2025 Year ended 31 March 2025 Transfers Tullycarnet Community Regeneration Project - Dfc Diamond Project- BCC Capacity Pathways Programme - PHA Positive Change Starts at Home - TEO Good Relations Community Safety - NJHE 187 64,660 (59,024) (5,299) 524 790 42,067 (36,164) (16,081) (25,612) (6,483) 436 210 15,682 37 25,564 200 152 1,608 13,638 (11,626) 3,620 l)iamond Helllih Hub Diamond Heilth Hiib - TEO Urbgn Villages Future Innovators - Co-operation Ireland Gym & bikc shed- TEO Urban Villages 1,713 I,713 5,199 180.422 (1,733) (9,021) 3,466 171.401 Commiinity Divei'gionary Festival - BCC East Belfast Cultural Confidence & ToleranLL - BCC Core ndIng - Halifax Foundation for Nl Beacons - BCC 34,233 {34,233) 266 266 8,388 7,489 2,869 2,763 1,534 (8,388) (7,499) (2,839) (2.765) (1,534) io Christmas - NIHE 30 Knocknagoney Christmas - BCC Knocknagoney Women's Fitness - Woven Housing Association Take 5 Severn Street - BCC 2,500 2,500 Crafty Women's Colle¢tivc - James Brown & Sons Community Fund Mural In1[anCe donation 1.860 1,860 56 (56) At 31 March 2025 188,472 225,016 (216,519) (11,190) 185,779
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 ststements for the year ended 31 March 2025 15 Restricted income funds continued Of the total restricted funds at 31 March 2025 of £185.779. £175,204 represents the net book value of buffildings and equipment funded by TEO Urban Villageg and other funders and included in Fixed Assets. The TSle¢s. Report d¢scrib¢s in full the aims and uses of restriLt¢d funds. Dfc - Tullycarnet Communily Regeneration Project £2,800 core costs, origiiially allocated to unrestricted funds in year ended 31 March 2025, have been transferred to restricted fuiids in line with thc restricted budget set by the funder. In addition, there wa5 £2,499 extra fuudiug re¢civ¢d to help with risii)g ovei'liead costs, tiow trai)sfet'i'cd to ulli-esti'icted fuilds. BCC Capacity - Di*mond Project £5.983 core costs, origiiially allocated to unrestricted fwids in year end¢d 31 MarLh 2025, have now transferred to restricted funds in line with the restricted budget s¢t by the fvnd¢r. In addition, there was £500 extra funding received to help with rising overhead cos15. PHA - Pathways 436 uni'eslricl¢d manageinent salaries funded by a management fee included in unrestricted income was tncluded in restriLted costs in error. The tr&nsf¢r of Linrcstricted tunds to the same value rectifies this mistake in cost classification. Some small restricted deffftcits have been mci from unrestriet¢d funds.
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 2025 15 Restricted income funds continued Balance at I April 2023 Incoming resources Outgoing sourc¢s Balance at 31 March 2024 Year ended 31 March 2024 Transfer8 TullyLarnel Community Regeneration Project - Dfc Diamond Projecl - BCC Capacity Pathways Programme - PHA Cultural Confidence in Young People - TEO Good Relations Ea51Side Voices- TEO Urban Villages Community Safety- NIHE 1,676 60,423 {56,364) (5,548) 187 44.634 (37,361) (15.780) (34,868) (6,483) 90 790 (90) 15.780 34,135 733 536 (536) 391 1,929 11,519 (12,23l} 1,608 Hedlth Hub Di&mond Health Hub - TEO Urban Villages Future Innovators - Co-operalion Ireland Gym & bike shed- TEO Urban Villages (69) 13,329 7,082 (13.329) (1,883) (9,021) 69 5,199 189,443 180,422 East Belfaql Cultural Confidence & Tolerance - BCC King's Coronation - Th¢ National Lott¢ry Awards for All Cor¢ fiinding - Halifax Foundation for Nl Good Relations & Cultural ID - LCCC 38.300 (38.034) 266 8,420 (8,049) (371) 4,500 {4,509) (1,304) 14,1551 (1,423) (610) 1,304 4,155 1,425 610 Christmas & Knocknagoney Get Fit - NIHE Knocknagoney Christmas - BCC Knocknagoney Christmas - Habinteg Housing A8sociation (Ulster) Future-prooting - TNL Community Fund Learning Through th¢ Divide - TEO Good Relations Resolv¢ - International Committee of The Red Cross, NIHE (2) {370) (72) 370 (325) 397 3,877 (3,000) (877) At 31 MArch 2024 196,860 244.616 (242,246) (11.758) 188,472
C.H.A.R.T.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 M94rch 2025 15 Restricted ineome funds continued Of th¢ total restricted funds at 31 March 2024 of £188,472, £185,621 represents the net book value of buildings and equipment funded by TEO Urban Villages and othcr fund¢rs and included in Fixed Asscts. The Trustees, Report describes in full the aims and uses of restricted funds. DfC- Tullycarnet Community Regeneration Project £2,800 core costs, originally allocated to unrestricted tunds in year ended 31 March 20?4, have been transferred to restricted funds. in liiie with the reslricted budget set by the funder. In addilion, there wa5 £2,748 extra funding received over the two yeai's to 31 Mai'cli 2024 to llelp willi i'isiiig ovei'liead ¥osls aiid it loo lias iiow beeii trati.%ferred to uIirestricted funds. BCC CapAcity - DRAmoDd Project £5,983 core costs, origin2)Ily alLocal¢d to iinre51ricled funds in year ended 31 March 2024, have now transferred to restricted funds in line with the r¢slrictcd budgct set by the funder. In addition, there was £500 extra funding reLeived to help with rising overhead costs. TEO Urban Villages - Ea5tside Voices The £536 surplus on this completed piogrammc has b¢en transferr¢d to TEO'S Cultural Confidence in Young Peopl¢ programme. The NatlOllAI Lottery AwArds for All- Kiiig's Coronfttion Th¢ £371 surplus on this coinpleied progranune hay b¢¢n transferred to cover th¢ d¢fi¢it on fNL's Future-proofing progran]m¢. InternNtional Committee of the Red Cross- Resolve Attcr meeting the legal costs of separating R¢solv¢ from Charter Nl, tlie £877 surplus which remained has been transferred in acLordance with the funder's wishes, to unrestricted rcserves. Some small restricted deticits have been met from unrestricted funds eg £397 TEO'S Learning through the Divide, £391 NIHE'S Community Safety.
C.H.A.R.T.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 2025 16 Unrestricted income funds YeAr ended 31 March 2025 Balance at I April 2024 Incoming resources Outgoing rcsour¢¢s Balance at 31 Mydrch 202S Transfers General funds, induding reserves Designated funds: Diamond Project East Belfast Loyalist Conflict Museum Total iinreslriLled funds 39,219 22,861 (38.094) 11,190 35,176 24,522 18,765 6,614 (5,452) (3.988) 25,684 J4,777 82.506 29,475 (47,534) 11,190 Designated funds of £40,461 (2024.. £43.287) relate to unrestricted funds set aside by the trustees for use as indicated above. Year ended 31 March 2024 Balance at I April 20?3 Incoming resource$ Outgoing resourL¢S BalAnee at 31 Mkrch 2024 Transfers Geiieral funds, including reserves Designftted funds: Diamond Project East Belta8t Loyalist Conflict Museuin Total unrestricted funds 54,484 19.615 (46,638) 11,758 39,219 19,549 22,506 6,969 (1.996) (3,741) 18,765 96,539 26,584 (52,375) 11,758 82,506 17 Analysis of total net assets between funds Year ended 31 March 2025 Unrestrict Restricted Total 2025 Tangible fixed assets Net current assets 1?,023 63,614 75,637 175.?04 10,575 185,779 187,227 74,189 261,416 Total funds Year ended 31 March 2024 Unrestricted Restricted ToAal 2024 Tangible fixed assets Nel current assetg 5,949 76,557 185,621 2.851 191,570 79,408 270,978 Total funds 82,506 188.472
C.H.A.ILT.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 2025 18 Reconciliation of net incomel(expenditure) to net cash floiv from operating activities 2025 2024 Nct income/{¢xpenditure) for thc y¢ar Add back depreciation charge Add back loss on disposal {Increase)IDecrease in debioTS Increas¢/{d¢creasc) in creditors Net cAsh flow from operating activities (9,562) 11,742 (22,421) 12,294 3,203 (17,182) (11,799) 781 9,350 The charitable company has no overdrafts, loans or finance lease obligations. 19 C,ontingent Liabilitles A contingent liability exists to rcpay & portion of any grants received should certain conditions not be fulfilled by the charitable compaiiy. 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 18 a company limited by gliarantee incorporated in the UK registered in Northern Ireland and governed by a Memorandiim and Articles of Association. The charity does not have share capitsl. The liability of each member 1$ limited to amount not exceeding £1 in the event of a winding up. The charity's registered oftice is given in Ili¢ Reference and Administr&tive DetaÉls section ol'the Trustees, Report. 22 Ultimate controlling party The Board of Trnstees is the ultimate controlling party. 23 Related party transactions Charter NI employs as its Operations Manager, Mrs Caroline Btrch, the wife of one of its trustees. In the year to 31 March 2025 her gross tAx2ble qalary was £35,502 12024.. £34,333) 2nd employer's National Insuranc¢ ¥ontributions were £3,644 (2024.. £3,483). Charter Nl also contributed £878 (2024: £843) p¢nsion contributions.
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 2025 24 Financial and Capital Commitments Th¢ company hAs annual rent commitrnenÉs as follows: 2025 2024 Within one year Within two and five years 4,418 4,418 4,418 4,418 The company has no capital commitments at 31 March 2025 or 31 March 2024.