Charity Number: NIC 105883 Company Number: NI 641494 EWHII.L Y COMI¥fiJNII'Y ASSOCIATIO IMITED TRUSTF.F.SI RF.P Rl. IN ' RF.POR INAN 'IAL STATEME YFAR F,NDFD MAR
NEWHILL YOUTH AIYD COMMUNITY ASSOCIATION TABLE OF CONTENTS Page Company Infonnation Trustees, Annua] Report (includin8 the Directors, report) Independent Auditor's Report to the members 9-13 Statement of Financial Activities (in¢ludin8 income and expenditure a¢count) 14 Statement of Financial Position 15 Notes to the Financial Statements 16-22
NEWHILL YOUTH AND COMMUNITY ASSOCIATION COMPANY INFORMATION Company registration number N.1. 641494 Charlty registrntion number NIC 105883 Directors and trustees John McGeown Denise Rooney Cathy Fitzsimons SeeretP&ry Donal McKinney Registercd orrice 261 Old Whiterock Road Belfast BT12 7FX Auditors Joncs Peters Registered Auditors Chartered Accountants 6 Church Street Banbridge BT32 4AA Bankers AIB 26 University Road Belfast BT7 INH Solicitors Edwards and Co. Solicitors 28 Flill Street Belfast BTI 2LA
NEWHtLL YOUTH AND COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT NCLUDING THE DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Rcport of thc Trustees for tbe year endlng 31 March 2023 Thc trustees are pleased to present their annual trustecs, report together with the financial statements of the charitable company for the year cnding 31 March 2023 which are also prepared to meet the requir¢ments for a directors, report and accounts for Companies Act purposes. The financiol staternents comply with current statutory requirements including the Charities Act 04lorthern Ireland) 2008 amended by the Charities Act (Northem Ireland) 2013, Companies Act 2006, the Charity's Mcmorandum and Articles of Association, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appliLable in the UK and Republic of Ireland (FRS 102). Transfer of Undertaking The operations and staff of Newhill Youth and Community Association were transferred to the Youth Project of Upper Springfield Devclopment Trust Ltd in October 2022. The leasehold propety and fixtures and filtings of the company were also transferred at net book value of £367,595 at that date. A furthcr £44,000 cash was transferred in March 2023 to Upper SpringfIeld Development Trust Ltd. The trustees intend io wind down the affairs of Newhill Youth and Community Association and complete the transfer of assets over the coming months with a view to having the Company dissolved by March 2024. PrincipAI Activity Newhill Youth and Community Association promotes the benefit of the inhabitants of the New Barnsley and Dcnnott Hill area of Belfast known as N¢whill and its environs (hcreinafter described as 'the area of benefit") without distinction of age, sex, race, political, religious or other opinion, by associating with the statutory authorit1¢5, voluntary organizations and inhabitants in a Common effort to advanc¢ education, and to provide facililies in the interests of so¢ial welfare for recreation or other leisurc-time occupation, with the objective of improving the ¢onditions of life for the said inhabitants. Ncwhill Youth and Community Association provides high quality 5ervi¢es to ¢hildr¢n, young people and their families, in an area of high deprivation, meeting idcntified community needs. Based upon community development principles the charity use5 a variety of strategies to involve local people in project planning and delivery, enabling them to tsckle the issues that affect their lives. Our projects work throug)h the area's int¢grat¢d partnership's themes which are: children, young people and families; employability. health and community services. This partnership ensures greater focus and synergy in the relief of povety. The poor experience multiple disadvantages through unemployment, low income, poor healthcare, barriers to lifclong learning, barriers to taking part in culture, sport and recreation. We aim to tackle these barriers and blocks to social inclusion. We have three educational priorities: achievement through learning for adults, for young people, and through building community capacity. Our infonnal education programme supports the comtnunity to increase their skills and confidence. Our afterschool service, surnmer schemes and youth club promote the education, health, development and wellbeing of children and young people within the local area, providing access to arts, crafts, dram4 sports and physical recreation, cookery, outings etc. Our afterschool's provision and school collection service enable local parents, including lone parents, to gain and hold down employment, or progress their education and training.
NEWHILL YOUTH AND COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT NCLUDING THE DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2023 ststement of Public Benefit Our community development activities achieve change within the community in relation to problems that members of the community thems¢lves identify. It is a collective process. not a one-off. Our community development work enables, facilitatcs and builds capacity within the community and creates greater community cohesion, intervention, co-produced with, not for, the community. Our programmes successfully attract local target communities by combining health, educational and social benefits in the activities they provide: increased access to education and training, greater community capacity, improvements in health equality and child development, improved prosperity and increased social mobility. Engoging in education increases self-esteem and enables people to be more self-directed and to make better infomied decisions. Acquiring new skills increases independence, self4levelopment and self-improvement. By learning new skills people open up new employment opportunities. The charity improves health oulcomes by encouraging healthy ¢xerci8e and diet, but also smoking cessation, measures to combat coronary heart disease and offering family support, leading to improvements in health and wellbeing. Our projects work throus'h the ar¢a's integrated partnership's theme teams which are.. children, young people and families. employability; health; community services. This partnership ensures greater focus and synergy for the relief of area povety to people living within new Barnsley and Dern]ott Hill areas of West Belfast and the surrounding areas, 'The charily employs staff, for example childcare professionals and youth workers, but this is incidental and neccssary for the charity to provide its charitable services for the benefit of the local community. Aehievoments and Pcrformanee In thc year covered by this report the Association continued to have an ongoing positive impact in a wide range of areas which met all our charitable purposes. Servicc8 Youth club General programmc Family Support Programme Volunteers 50+ project 208 children regi8tered 200+ children and young people 17 children received one-tO-on¢ mentorin8 SUPPOrt 15 voluntccrs working across two projects 50 beneficiaries Newhill Youth Club The youth centre opens a minimum of four nights per week, including weekends and residentials according to need. Our youth provision targets children and young people between 9-18 years and currently has 208 children and young pcople registered. The aim is to deliver innovative. holistic, educational and personal development programmcs. The programmes help to break the cycle of deprivation by incrcasing life chances and aspirations through fit for purpose programmes that help to improve outcomes in relation to education, employment prospects, social inclusion, resiliency, general health and mental wellbeing. This includes a five week summer pro8fdmme. BHSCT Family Support Sibling Mentoring Programme Supports 17 young people on a one to one basis over 12 sessions of 1.5 hours: the young people also receive mentoring family support. This is a popular project for the children and young people of Upper Springfieldl Whiterock area and is funded by BHSCT. All referrals come from the Upper Springfield Family Support Hub.
NEWIIILL YoirrH AND COM[UNITy ASSOCIATION TRUSTEES, ANNUAL REPORT INCLUDING THE DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Creative Arts This group meets weekly, attendance varies but approximately five people attend the weekly class with approximately 240 involvcd in this reporting period. Volunteer OpportUDlties In this reporting period we had 15 volunteers which support all the services. Additionally, the centre operates a training scheme which facilitates training placement opportunities for trainee youth and childcare workers. Four trainee youth workers succ¢ssfully completed their training in this financial year. Thc youth and childcare projects all employ local people that have a recl and understanding of community needs and many of whom have been involved for over 10 years. Structure, Governance and Management Governlng Documcnt The Association is a company re8lStered in N. Ireland, which was incorporated under the Companies Act 2006 on 17 October 2016. The company is governed by a Mernorandum and Articles of Associatlon. The company's objectives are charitable in natur¢ and it has established charitable status. The company's business is managed by the directorsltrustccs who are considered to be the membcr5 of the company. Trustees, Appolntment and Training The trustees rccruit and select ncw trustces as set out in the governing docurncnt. The Board recruits new trustee5 with regards to skills, gaps and the new MeMrS, potcnlial to make a real contribution to thc charity's overall governance. The Board prcdicate trustees, appointments on our organisational values and makc new members aware of their legal responsibilities undcr charity and company law. Our Members, induction pack outlines our Articles of Association, board structure, or8anisational structure. decision making processes, and our overvicw of finances. Our fornlal induction provides n¢w board members with the infomation and training they need to take up their appointment as effectively as possible. Finance, Pay and Remuneration The Association operates robust financial procedures which the Board regularly review and independently assess. We have clear financial management systems to ensure effective and appropriate use of spend; administering resources cost-effectively, transparently and accountably with clear audit trail5. All Board members give their time freely and no rnember received any remuneration during the year. Organisational Structure The Board administers the charity and nomially meets at least I I times per year. As part of its structure the Board operates three sub committees: finance, audit and risk. human resources, and remuneration. The Board appoint a chief executive to manage the charity's day to day operations. To ensure effective daily management the manager has delegated authority within tems of delegation through the Board's approval for operational matters including finance, employment and direct charitable activities.
NEWHILL YOUTH AND coMNITy ASSOCIATION TRUSTEES, ANNUAL REPORT NCLUDING THE DIRECTORS, REPORT FOR THF YEAR ENDED 31 MARCH 2023 Risk Management Our approach to the management of risk is infornied by the need to ensu that the risks inherent in the pursuit of our objectives are understood, will be manageable if realised, and that appropriate mitigation measures are planned or in place. Responsibiliiy for the management of specific risks is carried by named individuals and groups, but the highest level risks. those that have a direct bearing on the Newhill Youth and Community Association capacity to achieve its strategic objectives, are managed by the senior management team. The Ncwhill Youth and Community Association finance and audit risk committee plays an active role in risk monitoring and havc a risk management strategy that Comprises: An annual review of the principal risk and uncertainties that the charity takes, The establishment of policies, systems and procedures to anticipate risks in the annual review; and The implementation of procedur¢s designed to minimise or manage any potential impact on the charity should those issues materialise. Reputational Risk8.' The Trustees are conscious of the importance of its reputation as a well run organisation dclivering public benefit and have undertaken steps to ensure Newhill Youth and Community Association governance and management structures are robust and give confidence to all stakeholders and operate in line with our values. Financlal Risks.. The organisation exposes itself to a variety of financial risks. Measures to mitigate this risk include strong budgetary management and cost control and proactive negotiations with tenants and key stakeholdcrs. Hcalth and Safety Risks: The Trustecs recognise the importance of safety in all of our services. Ncwhill Youth and Community Association implements robust Systems and structures to ensure all health and safety regulations are Complied with. Legal and Regulatory Risks: The charily is required to comply with a wider range of legal and regulatory obligations. Policies and procedures are in placc to ensure compliance with these obligations, howovcr, their incvitably rcmains a residu81 risk of an operational failure resultin8 in a breach of these obligations. Insurable Risks: The organisation incurs exposure to employer, public and property damage liability by virtue of the nature of its operalions. While a strong emphasis is placed on health and safety and risk manag¢ment practices to avoid liability arising, insurance cover is maintained to rnitigate the financial impact from such events. Financlal Review and Results for tbe Year Financial Review Incoming resources hav¢ decreased from £115,328 in the year ended 31 March 2022 to £90,221 in the current year reflecting the fact that the staff and operations of the wer¢ transferred to the youth projcct of Upper Springfield Development Trust Ltd in late October 2022. Similarly, resources expended on Charitable Activities have decreased from £97,059 in the year to 31 March 2022 to £90,881 in the current year. Freehold Propety and fixtures and equipment with a net book value of £323,595 and cash of £44,000 were donated to Upper Springfield Development Trust Ltd in the year. As a result, net outgoing resources amounted to £368.255 in 2023 as compared to net incoming resources of £18,269 in 2022. The results for the year are set out in the Statement of Financial Activities An page 14. The company had net assets of £2,143 as at 31 March 2023 (2022: £370,398) &8 detailed on the Ststement of Financial Position on pag¢ 15.
NEWHILL YOUTH AND COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT INCLUDING THE DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Trustees, Responsibility Statement The trustees, who ar¢ also directors for the purposes of company law, are responsible for preparing the trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statcments for each y¢ar which give a true and fair view of thv statc of affairs of the charitable company and th¢ incoming r¢sourccs and application of resources, including the incom¢ and expenditure, for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the applicable Charities SORP; make judgemcnts and accountin8 estimates that are reasonable and prudent; prepare thc financial statements on the going concern basis unless it is inappropriate to presume that the harity will continue in business. The trustees are responsible for keeping adcquate accounting records that are sufficient to show and explain the charity's transactions and disclose with rcasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for saf¢8uarding the as5¢ts or the charity and henc¢ for taking reasonabl¢ steps for th¢ pr¢vcntion and detection of fraud and othcr irregularities. Auditor Each of the persons who is a trustee at the date ofapproval of this report confirms that; so far as they arc aware, there is no relevant audit inforn]ation of which the charity's auditor is unaware; and they have taken all steps that they ought to hav¢ taken as a trustce to make themselves aware of any relevant audit infornation and to estsblish that the charity's auditor is aware of that inforniation. The auditor is deemed to have been reappointed in accordance with Section 487 of the Companies Act 2006. Small company provision This report has been prepared in accordance with the provisions applicable to companies entitled to the small compani¢s' exemption. This report was approved by the board on 18 December 2023 and signed on its behalf by: J. McGeoivn Trustee
NEWHILL YOUTH AND COMMUNITY ASSOCIATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NEWHILL YOUTH AND COMMUNITY ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2023 Opinion We have audited the financial statements of Newhill Youth and Community Association (the 'charity') for the year ended 31 March 2023 which comprise the statement of financial activities (including income and expenditure account), statement of financial position and th¢ related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and the United Kingdom Accounting Standards including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Acrxpted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 3 E March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; have been prepared in accordancc with the requirements of the Companies Act 2006. Basis for opinion Wc conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our rcsponsibilities under those standards are furthcr described in the auditor's responsibilities for the audit of ihc financial statements scction of our report. We arc independent of the charitable company in accordance with the ethical requirements that arc relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these r¥quircments. We belicve that the audit evidcncc w¢ have obtained is suffi¢i¢nt and appropriate to provide a basis for our OPTnion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accountinsj in the preparation of the financial statements is appropriate. The operation and stsff of the company were transferred to the Youth Project of Upper Springfield Development Trust Ltd in October 2022 along with the company's leasehold propety, fixtures and equipment and cash. The trustees are in the process of winding down the affairs of the company and completing the transfer of any remaining assets with a view to having Newhill Youth and Community Association dissolved by March 2024. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
NEWHILL YOUTH AND COMNtUNITY ASSOCIATION INDEPENDENT AUDITOR'S RFPORT TO THE MEMBERS OF NEWHILL YOUTH AND COMMUNITY ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2023 Otber information The other information comprises the infornlation included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other inforniation. Our opinion on th¢ financial stat¢m¢nts does not cover the other infonnation and, cxcept to the extent otherwise explicitly stated in our report, we do not express any fonn of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibilily is to read th¢ oth¢r information and, in doing so, Consider whether the othcr information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatemcnts, we arc requircd to dctemiine whether there is a material misstatement in the financial sLqtemcnts or a material misstatement of the other inforniation. If, based on the work we have perfonned, we conclude that there is a material misstatement of this other inforn]ation, we required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the inforniation given in the trust¢¢s' report for the financial year for which the financial statements are prepared is consistent with the financial slatcments; and the trustees, report has becn prepared in accordance with applicable l¢gal requirements. Matters on whleh we are required to report by exception In the light of th¢ knowledge and understanding of the CoMpY and its environment obtained in the course of the audit, we have not id¢ntified material misstalem¢nts in the trustces, report. We have nothing to report in resppxt of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us. or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the inforniation and explanations we require for our audit. or the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, exemption in preparing the trustees. report and from the requirement to prepare a strategic report. 10
NEWHILL YOUTH AND COMMUNITY ASSOCIATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NEWHILL YOUTH AND COMuNITy ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2023 Responsibilitie8 of trustees As explained more fully in the trustees, responsibilities statement, the trustees, (who are also the directors for the purposes of company law), are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair vicw, and for such internal control as the trustees detcmiine is necessary to enabl¢ the preparation of financial statements that are free from material misststemenL whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unless the trustecs either intend to liquidate the Charitable company or to ce&se operations, or have no realistic alternative but to do so. Auditor's responsibilitics for the audlt of the finAn¢ial $tatcments Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from malerial misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high levcl of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always det¢ct a material misstalement when it exists. Misstatements can arise from fraud or error and are considcred material if, individually or in the aggrcgate, they could re&8onably be expected to influcnce the economic decisions of users taken on the basis of these financial statements. Extent to which thc 8udit was capable of detectlng irrcgu12rities, includlng fraud Irregularities. including fraud, are instances of non-compliance with laws and rcgulations. We identified and asse.Is the risks of material misstatement of the financial statements from irregularities. whether due to fraud or eOr, and discussed these belween our audit tcam members. We then designcd and perfonned audit procedurcs responsive to those risks. including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion. We obtained an understanding of the legal and regulatory frameworks within which the charity operates, focusing on those laws and regulations that have a direct effect on the detennination of material amounts and disclosures in the financial statements. We assessed the required Compliance with these laws and regulations as part of our audit procedures on the related financial statement items. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charity's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity for fraud. In idcntifying and assessing risks of material misstatement in respect of irregularities, including fraud and non- compliance with laws and regulations, we Considered the following: the nature of the industry and sector, control environment and business perforniance including the design of the remuneration policies, bonus levels and performance targets; results of our enquiries of management about their own identification and assessment of the risks of irregularities. 11
NEWHILL YOUTH AND COMMUNITY ASSOCIATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NEWHILL YOUTH AND cOm[UNITy ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2023 any matters we identified having obtained and reviewed documentation of th¢ir policies and procedures relating to: identifying, evaluating and complying with laws and regulations and whether management were aware of any instances of non-compliance; detecting and responding to the risks of fraud and whethcr management have knowledge of any actual, suspected or alleged fraud. the internal controls estsblished to mitigate risks of fraud or non-cornpliance with laws and regulations; the matters discussed among the audit engagement leam including significant component audit teams and relevant internal specialists, including and valuations specialists re8arding how and where fraud might occur in the financial siatcmLnts and any potential indicators of fraud. Owing to the inherent limitations of an audit. there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and perforn]ed our audit in accordanc¢ with auditing standards. In addition, as with any audit, there remained a higher risk of non- delection of irregularitics, as these may involvc collusion, forgery, intentional omissions, misrcpresentations, or the override of internal controls, We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. A further description of our responsibilities for the audil of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. I'his description forms part of our Auditor's Report. Wc also ¢ommuni¢ated relevant identified laws and regulations and potential fraud risks to all audit team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. As part of audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and asses5 the risks of material misstatement of the financial statements, whether due to fraud or error, design and p¢rform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimales and related disclosures made by the trustees. We communicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 12
NEWHILL YOUTH AND COMMUNITY ASSOCIATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NEWHILL YOUTH AND COMMUNITY ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2023 Use of our report This rcport is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so Ihat we might state to the charity's members those matters we are required to sate to them in an auditor's report and for no other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other ihan the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have fornied. Hughes House 617 Church Stroet Banbridge BT32 4AA 18 December 2023 Paul Cummings (Se 'or Statutory Auditor) For and on behalf of Jones Peters Chartered Accountantg and Statutory Audltors 13
NEWHILL YOUTH AND ComUNITy ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES NCLUDING INCOME AND EXPENDITURE ACCOUN OR THE YEAR ENDED 3 MARCH 2023 Unrestricted Funds Restricted Funds 31 Morch 2023 31 March 2022 Note Income Incomefrom charitable activilies.. Grants and contracts 1,200 67,300 68,500 91,328 Activities for generating funds 3b Total Income 22 Expenditure Expenditure on charitable activities 12,639 78,242 90,881 97,059 Transfer to USDT Ltd 67 Total expenditure Net iDcomel(expendlture) and net movement in funds for the year (357,313) (10,942) (368,255) 18,269 Reconciliation of fund$ Total funds brought forward Total funds carried forward The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. The notes on pages 16 to 22 forni an integral part of these financial statements 14
NEWHILL YOUTH AND COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023 Note 3110312023 3110312022 Fixed assets Tangible assets 337,912 Cu rrent assets Debtors Cash at bank and in hand 1,159 984 2,143 2,802 41,047 Credltors.. Amounts falling due within one year 10 Net current asscts Nct assetsl(li4bilitles) The funds of tlie charlty: Unrestrietcd funds 12 2,143 359,456 RtrIcted fund$ 12 Total eharity funds The financial statements have been prepared in accordance with the provisions applicable to companies subject to the Small companies regime. The financial statements were approved and authorised for issue by the board of trustees on 18 December 2023 and signed on its behalf by:" imons- Tru ee . McGeown- Trustee Registration Number: N1641494 The notes on pages 16 to 22 form an integral part of these financial statements 15
NEWHILL YOUTH AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTINC POLICIES The principal accounting policies are summarised below. The accounting policies have been applied consistently thr()ughout the year and the preccding year. Basis of pr¢paration Th¢ financial statements have been prepared in accordancc with Accounting and Reporting by Charities.. Statemcnt of Recommended Practlce applicable to charities preparing their accounts in accordonce with the Financial Reporting) Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS 102)). the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction valu¢ unless oth¢rwise stated in relevant accounting policy notes. 1.2 Golng Concern The operations and staff of the company were transferred to the youth project of Upper Springfield DevelopmLnt Trust Ltd with effect from 27 October 2022. The trustees intend to wind down the affairs and complcte the transfer of th¢ asscts of th¢ company over the coming months with a view to having the company dissolved by Mar¢h 2024. 1.3 Public benefit entity Newhill Youth and Community Association meets the d¢finition of a public benefit entity under FRS 102. 1.4 Incoming resources Income is rccognised when the charity has entitlement to the funds, any perfonnance conditions allachcd to thc item(s) of income have bcen mct, it is probable that the income will be r¢¢cived and the amount can be measured reliably. Income from government and other grants, whether 'capilal' grants or 'revenu¢' grants, is recognised when the charity has entitlement to the funds, any perfonnance conditions attached to th¢ grants have been met, it is probable that the income will be received and the amount can be mcasur¢d reliably and is not deferred. Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been meL the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. A corresponding amount is then recognised in expenditure in the period of receipt. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. 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 directly to such activities and those costs of an indirect nature necessary to support them. 16
NEWHILL YOUTH AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 1.6 Fund accounting (i) Unrestricted funds - the unrestricted fund is under the control of the Trustees, to be used in the furtherance of the general objectives of the company. (li) Restricted funds - the restricted funds represent incomelgrants received where the donor has imposed restrictions on the use of the funds which are legally binding on the Trustees. The cost of raising and administering such funds are charged against the specific fund. 1.7 Tangible fixed assets Tangiblc fixed assets are stated at cost less accumulated depreciation and accumulated impairnient. Cost includcs cost dircctly attributable to making ass¢t capable of operating as intended. 1.8 Depreelation Tangible fixed assets are ststed at cost less accumulated depreciation. Depreciation is provided at rates calculated to writ¢ off the cost less residual value of each asset on a straight line basis over its expected useful life as follows.. Long leasehold propety Fixtures, fittings and equipment 2% Straight line 200/0 Straight line per annum Finanelal instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequcntly measured at amortised cost using the effective interest method. 1.10 Defined eontribulion pension schemes The pension costs charged in the financial statements represent the contribution payable by the company during th¢ year. LEGAL STATUS OF THE TRUST Newhill Youth and Community Association is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. With effect from 4 June 2020 Upper Springfield Development Trust Ltd became the sole member of the company. 17
NEWHILL YOUTH AND COMMUIYITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 INCOME Unrestricted Restricted 3110312023 3110312022 Funds Funds Totsl Funds Total Funds 38. Income from grants and contracts Belfast City Council Education Authority ralls Community Council Aston Community Trust Belfast Health & Social Car¢ Trust Alex Fery Foundation 500 66,800 500 66,800 400 800 8,590 65,725 400 800 7,013 Income from charitable activities wa5 £68,500 (2022: £91,328) of which £67,300 was restrieted (2022: £91,328) and £1,200 was unrestricted (2022: £NII.). Unrcstrieted RtrIcted 3110312023 3110312022 Funds Funds Total Funds Total Funds 3b. Income from actlvltEes for generating funds Generated funds Income from charitable activities all of which was unrestricled in both years was £21,721 (2022.. £24,000). EXPENDITURE Unrestrictcd Restricted 3110312023 3110312022 Funds Funds Total Funds Total Funds Generated funds Staff costs Premises Costs Depreciation Other operating costs Programme delivery Governance costs (see note 6) 35,778 10,406 6,956 278 20,624 35,778 19,597 6,956 278 24,072 39,428 16,652 10,610 364 26,089 9,191 3,448 Expenditure on generated funds was £90,881 (2022: £97,059) of which £78,242 (2022: £86,811) was restricted and £12,639 (2022: £10,248) was unrestricted. 18
NFWHILL YOUTH AND COMMUNITY ASSOCIATION NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 TRANSFER OF UPPER SPRINGFIELD DEVELOPMENT TRUST LTD The operations and staff of the company were transferred to the youth project of Upper Springfield Devclopment Trust Ltd with effect from 27 October 2022. The following assets were transferred for nil consideration and have been treated as a donation. Leasehold property (NB V) Fixtures and Equipment (NBV) Cash 317,429 6,166 ANALYSIS OF GOVERNANCE COSTS Unrestrieted Restrieted 31103r2023 3110312022 Funds Funds Total Fundy Total Funds Accountancy/AuditlConsultancy NET INCOMINGIOUTCOING RESOURCES FOR THE YEAR 3110312023 This is stated after charging: Depreciation Audil fee 3110312022 ANALYSIS OF STAFF COSTS AND TRUSTEE REMUNERATION 3110312023 3110312022 Salaries and wages No employee had employee benefits in excess of £30,000 (2022: Nil). During the year, no trustee received any remuneration (2022: Nil) or any benefits in kind (2022: Nil), STAFF NUMBERS The average number of full-time equivalent employees during the year were as follows:_ 3110312023 31103r2022 Number of staff 19
IYEWHILL YOUTH AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Fixturcs, rittings and equipment Long Leasehold Property 10. TANGIBLE FIXED ASSETS Total At l April 2022 Group transfer At 31 March 2023 27,629 327,809 32 809 355,438 Dcpreciation At l April 2022 Charged during the year Group transfer At 31 March 2023 10,970 3,132 6,556 3,824 17,526 6,956 Net book value At 31 March 2023 At 31 March 2022 Thc bases by which dcpreciation is calculated are stated in note 1.8. The lon8 leasehold property and fixtures and equipment were transferred to Upper Springfield Development Trust Ltd on 27 October 2022 at net book value. CREDITORS: Amounts falling due Jyithin one year 3110312023 3110312022 Accruals Deferred credit government grants 1,200 12. FINANCIAL INSTRUMENTS All financial instruments havc been recorded at their transaclion price. No other financial instrumcnts cxist other than those included in debtors and creditors. 20
NEWHILL YOUTH AFtD COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. ANALYSIS OF CHARITABLE FUNDS Analysis of movements in restricted and unrestricted funds. Balance at Incoming l April 2022 Resources Outgoing Resouree$ Transfer to USDT Balance at 31 Mareh 2023 Total Unrestricted Funds Total Restricted Funds Total Funds 359,456 22,921 12,639 367,595 2,143 Analysls of movements In restricted and unrestricted funds - previous year. Balance at Incoming l April 2021 Resources OutgoiDg Resources Balance at 31 March 2022 Total Unrestricted Funds Total Restrict¢d Funds Total Funds 345,704 24,000 10,248 359,456 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Analysis of net assets Unrestricted Funds Re.8tricted Funds 31 March 2023 Total Fixed assets Net assets/(liabilities) AnAIy8is of net assets- previous year Unrestricted Funds Restricted Funds 31 March 2022 Total Fixed assets Net assetsl(liabilities) 330,551 7,361 337,912 21
NEWHILL YOUTH IIND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATETrtENTS FOR THE YEAR ENDED 31 MARCH 2023 15. CORPORATION TAXATION The charity is exempt from tax on incorne and gains falling wiihin section 505 of the Taxes Act 1988 or section 252 of th¢ TatIOn of Chargeable Gains Act 1992 to the extent that these are applied to its ¢haritabl¢ objects. 16. CONTINGENT LIABILITY A contingent liability exists to repay grants received should certain conditions not be fulfillcd by the charitable company. In the opinion of the trustees th¢ terms of the Ictters of offer have been, or will be, complied with and no liability is expected to oecur. 19. RELATED PARTY TRANSACTIONS Upper Springfield Dcvclopment Trust Ltd (USDT) is the sol¢ membor and is considered to b¢ parent company of Newhill Youth and Community AssociatlOD. On 27 October 2023 N¢whill Youth and Community Association transf¢rred its property at 261 WhiteroGk Road Belfast, B T12 7FX to Upper Springfield Development Trust Ltd at net book value £317,429 along with fixtures and fittings that hav¢ a nct book value of £6,166. At 31 March 2023 Newhill Youth and Community Association transferred £44,000 to Upper Springficld Dcv¢lopm¢nt Trust Ltd. The trustees intend to wind down the affairs of Newhill Youth and Community Association and complete th¢ transfcr of the assets over the coming months with a view to having the company dissolved by March 2024. 22