ort of the Directors and
Unaudited Financial Statements for Year Ended 31st March 2024
AINTS YOUTH CENTRE
RITY NUMBER: NICIO5861

SAINTS YOUTH CENTRK
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IVMR
H 2024
Pa90
Reference and Administrative Information
Annual Trustees Report
(including the Statement of Directors Responsibilities in respect of
Financial Statements)
Statement of Accounting Policies
Statement of Financial activites (incorporating the income and expenditure
accounts)
Balance Sheet
Notes to Financial statements
10-12

SAINTS YOUTH CENTRE
MANAGEMENT COMMITTEE INFORMATI
FOR THE YEAR ENDED 31 MARCH 202
AGEMENT COMMITTEE IN
COMMITTEE:
Stephen Magennis - Chairperson
Sean Devine- Vice Chair
Teresa M¢Allisler- Head of keep safe
Brendan McAteer- Secretary
Janet Glennon - Treasurer
George Rogan - Board member
Cuan O'Neill - Senior Youth Work8r INon-Voting)
REGISTERED OFFICE..
Summerhill Drive
Twinbrook
Belfast
BT17 OBT
REGISTERED CHARITY NUMBER:
NIC 105861
ACCOUNTANTS:
Toman Accountancy SeNices Ltd
Unit HF9, Twin Spires Complex
Howard Buildings
155 Northumberland Street
Belfast
Antrlm
BT13 2JF
Page 1

SAINTS YOUTH CENTRE
CHARITY NUMBER. NIC I
586
COME
COUNT
ED 31 MARC
20
INCOME
229,869
Admlnistrative Expenses
235 127
OPERATING SURPLUS ar)d SURPLUS
ORDINARY ACTIVITIES BEFORE
TAXATION
(5,258)
Tax on deficlt on ordlnary actlvStles
(DEFICIT)ISURPLUS FOR THE FINANCIAL YEAR
(5,258)
CONTINUING OPERATIONS
None of the Charity's Actlvitles were acquired or dlsconllnued durlng the cuffent year or prevlous
perlod,
TOTAL RECOGNISED GAINS AND LOSSES
The charity has no recognlsed gains or losses other than the surplus for the current year.
Page 7

SAINST YOUTH CENTRE
INANCIAL
TA
ENTS
Accounting convention and Basis of Accounting
Th¢ fiiiancial stateinents have been prepared under the historical cost convention.
These financial stateinents have been prepared in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing
their aLcouiils the Financial Reporting Standard which applies to UK and Republic of Ireland
(FRS 102) (effective 1st January 2015)- (Charities SOIIP (FRS 102)), aiid the Companies
Act 2006.
Reconciliation with previou.s Generally Accepled Accounting Pr2etice
Inpreparing the account5, tlie I'rustees have considcred whether in applyilig tlie accounting
policies required by FRS 102 and the Charities SORP FRS 102, the restatement of
comparative items was required. No restatements were requii'ed
Income Recognition
Income is recogiiised wlien the cliai'ity has the entitlement to tlie fuiids, any perfom1ance
conditions attached to the item(s) of in¢oii)e hav¢ been met, it is probablc tlie incoinc will be
received and the ainouiit Ineasured reliably.
Interest Recelvable
Interest on the funds lield when receivable and the amount can be Ineasured reliably. tliis is
normally upon notification of the interest paid or payable by the baiik,
Resources Expended
All expenditure is accounted t'or oli an Accruals basis and is classifed linder headiiigs that
aggregate all costs related to tlial cat¢gory.
Fundraising co.sts includg tlic costs of advertising, producing publications, pi'iiitiiig aiid Inailiiig
fundi'aising material and staff costs iii tliese areas.
Costs of charitable activites include direct expeiiditure incurred tlii'ough operational activities.
Governance costs repres¢iit tlie costs associated to thc governaiice arrangemeiits of the charity
which relate to t11e general rLiiiniiig of the cliarity as opposed to those costs associated witli
fuiidraising or charitable activity
Fixed Assets
All tangible fixed assets are recorded at C05t
Page 4

SAINTS YOUTH
INANCIAL STA
D¢preciation
Depreciation Is ¢al¢ulaled lo write off the cost of fixed assets over their estimated useful lives
at the following rale8.'
COMPUTER EQUIPMENT
33Vo RB
Rèpairs and renewals
All r8p8irs and renewals are written off a$ incurred
D•btors and Propaym9nts
Trada debtors and other deblois are recognised al the settlement amount due after any discount
offefed.
Propayments are valued al the amount prepald net of any discounts due.
Crèdltor8 and Provi$lon8
Creditors and provisions ar& r&cognS$ed where the charity has a pr888nl obllgation resulling from
a pa$1 event that will probale resull in th8 transfer of funds lo a third party and tho arnounl du8 to
settle the obligation can be measure r6laibly
Flnanclal instruments
Thè charity only has flnancial inslNm8nls and financlal Ilablilie8 of a kind that qualify as 8
basic linanclal inslrumenl. 885ic financial Instruments are inllially recognlsed al transaction
value and subsquenlely measure al Ihelr sgttlgmnl value with the exc8plion of bank loans
which ale subsquenlly measured al amortised cost Using the efferllve interest method.
Prlor year odlu$trnents
After completing checks and verifying th8 acGoun18 of the pr8vious accounlanllsl, it has
been established thal there has been a mis-statmeenl ol the items held wiihln the
FSxed Asset Regis18r, 11 has been confSrmed with the centre and the Diocese (who
actually own the landl that no such values Should be staled wilhln Saints Youlh Centre's
balance sheet.
As suGh, relevant and appropiale 8djuslmenl8 have been made lo thi8 year and f61rospe¢tlvely
lo the prevlous year lo fix this error. This in turn has removed the "Capital Grants"
liability which was also incorrectly staled wSlhin previous years accounts.
Page 5

SAIN
S YOUTH CENTRE
ANCIAL STATEMENTS
FOR THE YEAR ENDED 31
T MARC
Fund accounting
Unreslricted funds comprise don81ions and other income that are available for the use at the
Trustees, discretion in furtherance of the obJectives of the Charity.
Designated funds may be used as unrestricted funds set aside by the trustees for
specific future purposes
Reslricled funds represent income received whlch Is subject to specific purposes. the use of
which is restricted to that area or purpose
The income recived from funders depends on the charlty meeting delailed criteria on the expenses
plans.
Grants given under such conditions are also subject to them being obtained for in connection
with the furtherance of the charity's aims and oblectlves.
Such income can be repayable to the funder if such expenses plans and criteria are not mel.
Such income can only be deferred inf the donor 5peclfies that the granvdonation must only be
used in future accounting perlods,. of the donor has Imposed conditlons whlch must be met before
the charity has unconditional entitlement.
Income from charitable acliviteg Includes income received under contract or where entitlement
to grant funding Is sublect to specific performance conditions is recognised as earned as the
related goodslservlces are provided.
Grant income included In this calegory provides funding to support funding aclivies and Is
recognised where there is entitlement, certalnty of receipt and the amount can be measure
reliably.
Income is deferred when.. feesl performance related grants are received in advance of the
performancelevent to whioh they relate.
Reserves Pollcy
Unrestricted funds are needed to provide funds which can be applied lo specific projects and to
enable these projects lo be undertaken al short notice and to cover the running costs of the
Charity for a limited period, should there be a significant shortfall in projected income.
The Trustees consider it prudent that unrestricted reserves should be sufficent to avoid the
necessity of realising fixed assets held for the Charity's use.
Page e

SAINTS YOUTH CENTRE
TR
AND FINANCIAL STAT
THE
The Trustees, who a￿ also the directors for the purposes of company law, have pleasure in
presenting Ihelr annual report together with the financial slalements of Ihe charity foi year ended
3151 March 2024 which are alsc prepared lo meet the requlrements for 8 dlreclors. report and
accounts for Companies Act 2006 purposes.The Tru51ees confirm that the finanical slalgments
comply wlth the requirements of Charitiès AGI INorthern Ireland) 2008 and Accounling and
preparlng thelr accounts in accordance with the Flnanlcal Reporting Standard applicable in the
UK and Republic of Ireland IFRS 102) i•ff¢clive 151 January 2015)
Releren¢e & Admlnlslratlve Dgtalls
Reference and adminlslralive details are shown in th8 s¢hedulo of member8 and professlonal
advlsers on Page 1 of financlal statements.
The Charity Is Ilmiled by guarantee not havSng 8 share c8piIAI
Plans for Fulure Perlods
The centrè will continue to provlde all $ervi¢es currently In op8ratSon Into the forseeable futur6
Olre¢tors and Tru•t¢e8
The directors of the charllable company are il's Iruslees for purpo88 of chailty law.
Accountants
Th8 accountants, Toman Accountancy Servlcgs Ltd, h8ve Indicated Ihelr wlllingn88s1o conllnue
In office In accorandane8 with the provlsions ol Secllon 485 of Companl8s Act 2006.
structure, Govarnance & Managoment
Governlng Document
Th8 charlly is a company limited by guaranlae and do88 not have a share ¢apilal. 11 is 8 company
Incorporated under Companle8 Act 2008.1115 a charity rog15tered with Ch8rlltes Commi$slon INII.
The charity Is m8n8ged 8nd under control ol the Board of Trusts88.
Oblectlvg5 and Actlvltes
Oblectlves
Mairi'Activlt8S:
Gov¢inlng Document
The above report has been prepared in accordance with the special provisSons relating to small companies
within Part 15 of Companies Act 2DO6.
Page 2

SAINTS YOUTH CENT
TATEMENT
stees, Annu
Rosgrves Policy
Unreslficled funds are needed lo provide funds which ¢an be applied to sp8clfic projects and lo
enable these projects lo be undertaken a15hort noliee and lo cover the running cos15 of the
Charily for a limited period, should there be a 5ignlficanl shortfall In prolecled income.
Accountsnts
A iesolullon lo re-appoint Ihe 8ccounlanls, Toman Accountancy Services Ltd, will be proposed al
the Annual General Meeung
Small company 9XOrnPtlon
Thls report has been prepared in accordanee wilh the special provislons for small companles
under Part 15 of Companies Act 2006.
Rep$onslblllio5 of th8 Trust008
The Truslees, who arg also the dlreclor$ for the purposes of Cornpany law. are responsible
for preparing the Trustees Repaort and Ilie Financial slalemanls in accordance with Ihe
applicable law and regulallons
C#ompany Law requires the directors lo prepare Itnancial slalemenl8 for each financlal year.
The Iruslees pre¥enl their report and the financlal slalemenls of the ¢harlly for the year ended
31 sl March 2024. The Trustees confirm th21 they cornply wllh the requirernenls of Ihe Charllies
Act INorthern Ireland) 2008 and the Accounting and Reporting by CharS1ies'. Slalemenl ol
recornmended PTBclice which applie5 to ch8rllies preparing their accounts In accordance wilh
Ihe Financi81 Reportlng Standard applicable In UK and Republic of Ireland IFRS 102} effeclive
151 January 2015.
Under company law the Trustees mu51 not approve Ihe fln8ncial slalem•nls unless Ihey are
satisfied Ihal they give a Irue ond lair view ol the slate of affaSrs of the company and of Ihe suiplus
or deficit ol Ihe company lor that period. In pieparing Ih08e financlal slalemenls, the dlreclors are
required lo..
selecl 8uilable accounting policies and then apply them consislenlly.,
observe Ihe melhods and principles in the Charities SORP {FRS 102)
rnake judgements and esllmales that are reasonable and prudent-,
prepare the financial slalemenls on Ihe going concern basis unless il is indppropriale
lo presurne Ihal the company will continue In business.
The Trustees are responslble for keepbng adequate accounling records that a￿ sufficient lo show
8nd explain the company's Iransa¢liDns and disclose wilh reasonable accur8Cy 81 any lime (he Iinandal
position ol the company and 6nable Ihem lo ensure Ihal tho financial slalernenls comply wllh the
Companies Act 2006. They are also responslble for safeguarding the 3s5els of the company and hence
for taking reasonable steps for the prevention and delection of fraud and other irregularities.
8y order of thg Trusteos:
Date:
7oli/xs-
501,1,
Page 3