Charlty registratson number NIC106365 Company regi8tratlon number N1035317 INorthern Ireland) YOUTHACTION NORTHERN IRELAND LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 NORTHERN IRELANO YouthAction Northern Ireland Limited LEGAL AND ADMINISTRATIVE INFORMATION Progldent The Honourabl8 Shane O'N8ill Patrons The Lord O'Neill Lady Mary Pelers CH DBE Mr Ciaran Hinds Mr Martin Mccann Mr Neil Shawcross Mr Eric Fisher Trustees Professor Ann Marie Gray - Chairperson Mr Cathal Maneely- Treasurer Mr Liam Hannaway- Honorary Secretary Ms Pamola Ballantine Ms Alex Bainett Mr John Hannaway Ms Susan Mccullouoh - Vlce Chairperson Ms Gillian Shlelds Secretsry Mr Liam Hannaway Chlef Executlve Mr Martin Mcmullan A8318tant Chlef Executlve Offlcefs Ms Maire Campbell Mr Michael McKenna (appointed January 20231 (appointed January 2023) Charlty numb•r NIC106365 Company number N1035317 Reg18tsred office 14 College Square North Belfasl BT16AS Audltor Harbinson Mulholland Cenlrepoint 24 Ormeau Avenue 88lfast BT2 8HS 8anker5 Danske Bank Donegall Square West Belfast BT16JS Sollcltors Carson M¢Dowell Solicitors Murray Slfeel Belfasl BT16DN YouthAction Northern Ireland Limited CONTENTS Page Trustees, report Independent auditor's report 20-23 statern8nt of financial activities 24 Statement of finandal position 25-26 Statement of cash flows 27 Notes to the financial statemenls 28-39 YouthAction Northern Ireland Limlted TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Irustees present their annual report and financial slatements for the year ended 31 December 2023. The financial stalemenls have been prepared in accordance wilh the accounting policies set out in nole 1 to the financial slatemenls and comply with the charity's goveming document. Ihe Companies Acl 2006 and "Accounling and Reporting by Chariti6$'. Statement of Recommended Practice applicable to charilies preparing their accounls in accordance with Ihe Financial Reportin9 Standard applicablè in the UK and Republic of Ir8land IFRS 102) (effective 1 January 2019). Obj¢ctlv•$ and actlvltles YouthAction Northern Ireland Limiled ('YoulhAction NI'J is a membership-based learnlng organisation that is oulward and forward looking to best meet lh8 changing needs of young p8ople through youth work 8nd youlh arts. Th9 organisation has nearty 80 y88rs' 9xperi&nc8 in Ins￿ring young peopl8, tackling inequalities, investing in comnlunilies and trnnsfonning the livas of youngpeopl8. Throughout 2023. our charilable vision was to support young people lo creale, partiapate and benefit from a more lair and inclusive socièty. Through such intention and puipose we sel out to. 1. Impro￿ their life chances: 2. inspire them as activists,. 3. grow inclusive and oulAvard looklng c£)mmunlties; and 4. build a peaceful and shared society. nvlronmenL' The charily sector is deeply affected by an ever-changing external environment. This has included: 1. A sector Ihat is vulnerable and struggling In many ways. 2. Having no government in 2023 and no permanent secretaries lo make decisions has had a negative impacl including budget constrainls. 3. Decreased monies and greater compelition wilh an expedalion for Ihe sector lo deliver more wilh less resources. 4. A worklorce that is exhausted with many leaving the sector due lo job contact uncertainties and poor lerms and conditions. Many charities are losing staff with an experienced skills sel Coupled with this, reuuitmenl of new staff has beon challenging 5. Increased running cosls wilh reduce income from many funders lo contribule lo this. 6. Charities dipping into financial reserves and working al risk as they constantly deal wilh cliff-edge funding. 7. Delays in funding and Ghanges in funding delivery models thal have made il very difficult for charities to plan. 8. A focus on fire-fighting and looking for glimmers of hope. While operating through this piecaiious IIiT18 of uncertainty. the charity sector and voluntary youth seclor has.. 1 Continued working together in a united way lo lobby, campaign and influence. recognising that this all lakes time and effort This Indudes working wilh umbrella bodies across GBIUK. 2. Highlighted the social relurn impad of Charrtable inpLtts. efforts and outcomes to 9overnmenl and olhers. 3. Defflonstrated how we contiibule lo Ihe new Programme for Government and cross-departmenlal outcomes. 4. Maintained a degree of resilience. sleadiness and a sense of cgrtaintyl¢onlrol in this slate of flux. YouthAction Northern Ireland Limited TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 YoulhAction Nl has played a signifi¢anl role in shaping the fibture of the voluntary youlh work sector alongside other sectoral allies. securing funds Ihrough the Dormant Assets Fund (The Nalional Lottery Community Fund) in 2023. Thi5 development grani provides the opportunity for the voluntary youth work sector to repair and rebuild whilè shaping a transfotmalional roadmap for the way forward. Through ongolng effective collaboration. we aspire lo build confidence and assurance for investment across the sector to deliver on outcomes aligned lo children and young people. The new YoulhAction Nl 2023-2027 Strategic Plan sets out 9 high level strategic goals over 5 years. What we sald we would 1. Strive for a sustainable and robust financial base lor our work, raising 2 million pounds each year lo achieve hlgh quality youlh work and value for money oulcomes. 2. Invest in 250 communlts'es each year lo embed quality youth work to supporl young people's development. 3. Improve the heallh, well-being, aspirations and opportunities of 10,000 young people aged 10-25 years each year. 4. Increase the skllls, qualifications and employabillly of 1.000 young leaders each year. 5. Demonslfate (he highest levels of governance and operatlonal excellence within a clear constitutional and legal framework 8. Inspire, build and nurture an effective, supportive and heallhy leadership team al YouthAclion Nl and through our membership nehyork. 7. Build local and Strategic partnerships with charities, business sector, academia, governrnenl and civic society across Ihe UK, Ireland and Inlernation811y. 8. Work with sectoral representatives as courageous change makers to transform how charitl8s are recognised, valued and supported. 9. Raise quality standards in youth work Ihrough partnerships, research, Iraining, resource developmenl and impact demonstralion. Summ• f a¢hievemen dld The achievements of the charily against the nln& hlgh level goals of the Strategic Plan (2023-2027) are cL)mmendable this year, conside¥ing the challenges presented earlier. The achiev8m8nls for 2023 8re summarised as follows-. 1. We ralsed £2,848.966 to achleve hlgh quality youth worklyouth arts and value for money outcom?8. Thls Included: UK Shared Prosp8rity Fund,. Youlhstart project at £6m over 2 years.. £935,521 YANI allocation. P8ac8 Plus.. 3.2 Youth Call -an é8.1m application as lead with 6 other partners 14 year project April 24- March 28) E1,640,423.76 YANI allocation. Successful in Dec 2023. Peace Plus 3.1 Shared Leaming Together (non-formal) Call -a E3.4m application proposal as lead with 9 other parlners (4 year project April 24-March 281 É596,845 YANI allocation. Peace Plus= 1..3 Building Positive Relations. Concepl note submilted for approx. E2.5m with 11-12 partners). EA Regional Strategic.. suttessful (£150,000 per year). Department of Foreign Affairs. Suc￿5$fUl {£97.000 per yearl Various. SOUTces of srnallei Income through Hume Foundation. co.op Foundation, IEF, and Department of the Taoiseach INYCI). Charilable fund-raisinglawareness ev8nls such as Solstice walk {Armagh), Sunday Soiree (Belfasll. Fashion Fundraiser. Stars in Your Eyes and 'Net-walking' Mourne Mountains event. YouthAction Northern Ireland Limited TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 2. We Invested In 257 communltl•8 to èmbed quallty youth worklyouth arts to support young people'8 developmenL In 2023, Senior Leader Sheila Morris worked alongside our Co-ordinator of Service Shirley Moore lo mainlain and 9row our membership base and se￿ice8. 162 members supporied dire¢Uy throughout 2023. $2 eligible groupsl organisalions nominaled YouthAclion as their designated Regional Voluntary Youth Jrk Organisation equating to an award of £150,000 per year lo YouthA¢tion playing this suppori role. Membership support includes.. Quality Assurance and Reporting Safeguarding HR support Finance support WorkforceNolunleer training Curriculum and programme support Governance Insuranc8 services Representation and advocacy Communication Connection and nelworking Gov•mance 8UPPOrt included commrtteelboard reviews, AGM support, Safeguarding Poliw updates. and rlsk assessments. -1751114 EA participanls) parlicipanls completed Keeping Adults and children Sala training. -361 workerslvolunteers from member groups (246 EA regis18red grDUPS) had Access Nl checks completed. HR Support included rècruitment and induclion of staff and volunteers, slaff and volunleer job chats. information and advice regarding staff contracts and salary. Flnan¢? Support included support in applying lor EA Funding (Local Awards, Non-Targeled Generic Funding>, support with the EA financial vouchln9 proces8, meet the funder opportunilies and small grants opportunities. Programm• 8upport and delivery included 59 training programmes provided to EA règistered groups. (PALS. Lifemaps, Altruism, Bullseye). 2 new curriculum resources were also created. Accredlted and non-ac¢rodltod tralnlng induded 23 EA mèmber organisalions (246 staff and volunteers) receiving accrediled OCN level 1-4 Iraining Connectlon and Networking Included 12 regional member clusler support meelings and l Annual Members Conference with 42 members. Quality Assurnnce 8UPPOrt included 15 members availing of a new Quality Assurance workshop for staff and volunteers. Al the end of 2023, 77.￿ ol members completed a satisfaction survey with 100% reporting that they are very salisfied with the support services we offer., 94% Teporting they were very satisfiedlsatisfied with the quality of training. We are exlromely ple8sed wrth Iha support prowdgd by YoulhAct￿n Nl. Withoul Ihem we simply wouldny be able to mobilise Ihe team of 76 volunteern that we C￿￿&nt1Y havo had this academic year. YouthAGlion Nl have help8d with Access Nl checks processing which is of the utmost importance in our volunla8r recniitmenl and onboarding procoss." (Membor8 Satisfacilon Survey Report Aprfl 2024 outh Aclion have been a life line for St Patricks You¢h Club Lisburn thankyou to their wonderful support and guidance throughout the years." (Members Satlsfaclion Survey Report Aprll 2024) YouthActlon Northern Ireland Limited TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Members have been supported Ihrough UK Youth cost of living awards of up to £50,000 for local members: Tackling Awareness of Mental Health Issues (TAMHII £32,000.00 Ardoyne Youth Club £29,000.00 Magn81 Young Adult Centre £20,OCrf).00 Artillery Youth Cenlre £20,OCK).00 Kingdom Youth Club £17.000.00 Marrowbone Communily Association £17,000.00 Aspire Nl £14,000.00 R City Youth CIC £10.000.00 Dungannon Youth Resource Centre £10,000.00 Omagh Boys and Girls Club £10,000.00 On Street Communily Youth £10,000.00 Holy Family Youth Centre £9,500.00 Deanby Youth Club £7,300,00 Clonmore Youth Club £4,000.00 Banbridge amateur boxing club £3.000 00 3rd Portstewart Brownies £3CYJ.00 92nd Belfast Brownie Unit £100.00 18 membèr groups received small grants of up to £800 each through thè UK Youth Inspire awards In whlch young people applied and managed Iheir projects. Members have been supported Ihrough Ihe UK Youth Thriving Minds Awards grants including Monkslown Boxing Club and Reach Mentoring. Members have received small grantg through Coca-cola Thank you awards IlYF).' E74,000 investmenl to local groups. Irish Youth Foundation (UK) support 4 of our local members with 8 £21,000 small grant investment. Funded groups Ihrough the Irish Youth Foundalion grants look part in a celebration event at Belfast City Hall with the Lord Mayor (Lord Mayor's parlour. Thursday 191Th Oct 2023). Membership connections and celebration event held alongside AGM on Friday 241h Nov 2023. The EA moderation noted. standard5 were exceeded in Iwo areas (engagamenl and of seniice) and met In one area {impacl). We joined wllh the ACCORD voluntary youth work sector group lo beller co.ordinate and support local groups. 3. Improved the health, wellbelngi a8plratlon8 and opportunltl•8 012,666 young poopl• •g•d 10-25yrn. Approx. 5,483 young people have benefilled from youlh work and youlh arts programming that has improved their health and well-being. Crilical Thinking workshop wilh workers.. Child Sexual Exploitation. Nesled Model of Youlh Work: NEXUS model of inlervenlion to address sexual abuse. Critical Youlh R8search Hub- Ending violencE against gir15 and young women (UUIQUB). NUS-USI results of a Nl-wide student suNey and the impact of poverty on young adults World Aids Day (181 De¢ 23).. raising awareness and challenging stigmas for those living wilh HIVIAIDS (expressive art gallery). Wide sharing and Iraining of the 'Allruism Ihrough youlh work, resour¢e. YouthAction Northern Ireland Limited TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 4. Increa8ed the 8killsi qualifications and employablllty of 296 leader8. 79°/o of our Youthstarl year 1 targets have been achleved 1.161 young people (addressing economic inactivity). Involved in the UKSPF People and Skills evalualion through Frontier Economics and BMG research. Requests and support provided to mernb8rs and g8n8ric groups for OCN qualif￿atiOnS (11 qualifications offered.) 340 people registered (44 courses registered in 2023) 280 learners completed (46 courses claimed in 2023). Peac8 Plus preparation aligned to CyberQuest (Cyber Security and other digital skills development to support young people's employrnenl pathways). Partneis include REIM training, CJH nelwork, Advanced manufacturing, Talenl Sensus, Youth Work Ireland and the Byles project. Recruilmenl for 3 Inlerns Ihrough the Jobslart scheme and 1 communications Intern Ihrough the Dormant Accounts Fund for the Voluntaiy Youth WO￿ Sector. Supporled 6 placement students (UU and QUB). 28 young leaders supported through Certificate in Community Youlh Studies level 4 (UU partnership) in Belfast and Magee (incl, a residential al Corryrneela Community). Hosled 22 Unlversrty of Maynooth youth work students who visiled Belfast to leam aboul the contexl of Youth Work in Northern Ireland. Presanlats'on on youih work pollcy lo 25+ community youlh work studenls in Dundalk Institute of Technology. 25 groups rogistered for OCN levels 1-3 in youth work and 2 groups with 22 groups completing with 166 young leaders gaining accredilalion. 5, We maintained the highest levels of governance and operatlonal excellence. Includlng: self.evaluatlon and quality improv•m•nt plannlng at all l•v•l8 of the organ18atlon from young people, 8t¥ff and the board of directors. Board of Truslee meetings induding 5 principles of good governance and action plan. and self-evaluation and continuous improvement planning. New quarterly reporting for Board aligned lo the &year plan, Risk Register and quarterly review Audit complete by Harbison Mulholland wilh accounts prepared alon98ide Trustees r8POrt'. submitted in September 2023 {ChaTily Commission). Harbison Mulholland auditing Youthslart (UKSPF) across all consortium partners every 6 months. Staff reminders and planned workshop on financial procedures and policies. Appointed Think People lo support HR role 1 day per week. Policy review and update with Think People. GoveTnance resource drafled and piloted wilh some local members. AGM held on 24th Nov 2023 with 40+ in attendance. Workforce Oevelo ment wilhin YouthAction The charitable company's most important resource is Ils people; their knowledge and experience is crucial to meeling charitable objectives. Relenlion of key staff is critical and th8 charitable company has invested incfeasingly in employment, training and developmenl opportunities. A total of 12 collective staff training days wgre run in 2023. wilh a further 130 individual training opportunities taken up by our staff. We also invesled in an overnight staff conference, our firsl overnight in 10 years Staff evaluations indicated "the slaff residential negd8d to happen, with 811 Ihe chang8 in the organisalion staff and CEO we needed tinTe to be log8lher8nd map out our dI￿GI10n., "The 518ff residential gave us thg chance lo hav8 a say in the luture of the organisalion and sea our part in helping make our ideas real.. YouthAction Northern Ireland Limited TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 G. Invosting In • healthy loadershlp team al YouthAcilon Nl and through our member8hlp network. The organisalion was awarded a Silver Standard Investors in People Award in 2023 with the report slating "Peopl8 display a high level of d6dicalion to their woth, feel empowered and want to do a good job. They have a clear understanding of their cwn role and know how they conlribule to the biggerpiGture thmugh defined oty'8clives, tasks and priorilias. Ham8ssing Ihis passion and expertise is key to making the right dacisions and COwcr8ating plans for Ihe future. aiming to conlinually improve and innovat8 to meet young people s evolving needs." -Trust, empowermènl and d818g8tion ar8 Part of your cullur8. This is shaped by the clear understanding that your people are valued and resp8cl8d, involved in decisions aboul th8 futufg. and ar8 consulted and list81J8d lo.. 'T8ams share a oollaborative spin'l. Everyone has clarily about how they need to WO￿ together and hava the right 19v81 ol ￿SponsIbl111y, fr88dom and autonomy to work effeclively. They are proud of what they do and believe Ihat th9y rnally mak& a differance to the lives olyoung people." 'Continuous leaming is embeddad, People arn encouraged lo conlinuously develop skills and knowledge and make besl use of opportunities available. Your provision rnllecls a bala￿ed use ol inlemal experience and peer support, alongside access to external expertise and resources. Thgre Is 8 great deal of knowledge sharing, menloring and coaching.. 'You encourage engagement, which is open, honesl and supportiv&. People are given the space and support Ihay need lo speak up and share Ihgir views and ¢winions. You work hard to ensure Iwo-way, effeclive communication so that peo￿8 not only r9céive Iho right infomiation, at th8 right time in a way Ihat is accessible to all, but are asked for their views, ancouraged to pmvide f88db8ck and help shape pl8n$ and obie¢lives.° The Investor in People 2023 Review Silver Award provide a clear indicalion of how staff are valued and supported. Slaff feedback included. 'P•ople are upbeat and happy,. I lov8 this placo.. .1 love this organisalion,. il does my h88rt good." 'Everybody works hard because we love it." "There s good positive rel8lionships in YouthAcI￿n . There's excitement about the lulur8.' "It felt right for me from tha start . . People brilliant, peoplé posilive.. 'Il s more Ihan a job . I'm proud to WO￿ for an owanisalion Ihal has such a greal repul8tlon." Inveslment lo develop and grow the Senior Leadership Team through Manabu Learning Training and Support. Peer supporl system provided by CEO for new Senior Leaders. New senior leader roles having management core competencies and responsibililies (upgraded from 111 Od 2023} New Progress review syslem piloled with Senior Leadership Team individually. Senior Leaders will embed with staff across Ihe organisalion. including IIP survey lo inform us of gaps or areas for furlher investment. New Lifemaps (for work) reflection cards thal can be used for team reviews (motivation. purpose, learning elc.). In service Iraining evaluation complete for 2023 wilh a 2024 plan drafted. Staff supported with membership development days and how lo provide Ihe best supportlservice lo local groups. YouthAction Northern Ireland Limited TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 7. Wo bullt and nurtured varlous local and strateglc partner8hlp8 Includlng: CROSS-NATIONS. New 5-year strategy developed - YoulhAclion, UK Youth, Youth CYMRU, Youth Scolland and Youth Work Ireland. Launched on 7th September with partners online. CROSS BORDER.. Formed a new partnership with National Youth Council Ireland aligned to the Dept. of the Taoiseach Shared Island Unit.. Shared Island Youth Forum. CROSS BORDER.. All Ireland Traveller Inclusion Youlh Work Stralegy (research with Nexus). Report due in 2024. Lead YOUTHSTART: Consortium of 7 youlh work charities: YoulhAclion. Indude Youth, Springboard Opps, Slart 380, Bytes, Prince's Trust (£6m). Shared leaining event for youth workeTS and managers held on Thursday 23rd Novembei (added value of collaboration exploration). Lead PEACE PLUS 3.2 'AMPLIFY': Partnership of 7 youth work charilies.. YouthAclion. Youth Work Ireland, Foroige, Patrician YC. NIYF. Prince's Trust and Community Sports Nets¥ork (É8.1 m). Lead PEACE PLUS 3.1 'SHARED AGENDA FOR PEACE,; Partnership of 11 youth work charitie5'. YouthAction, Youth Work Ireland, Corrym8ela Community, Byte8, Inlegraled Education Fund, YoulhLink. YMCA Ireland. Fi9hling Words Ireland. Communily Dialogue, Youth8ank International and Peace Players {E3.4m) Lead PEACE PLUS 1.3 INCLUSIVE PEACE-BUILDING.. YoulhAdion, Youth Work Ireland. Wlomen's Resource Development Agency. Involve, CaraFTlend, Mencap, Divers Youlh and Volunteer Now. Partner for PEACE PLUS 3.3 MENTAL HEALTH ('Our Generation, partnershlp led by Action Menlal Health). Parlner for PEACE PLUS 2.3 Cyber Quest {cyber security call)- application due mid-2024. Education Authority Youth Service 'LifeSkills': partnership with Bytes. BUSINESS.. Cili group. PWC, Belfast Rotary Club. Queens University Belfast.. British Science Association Ideas Fund 'youth attruism. project. Ulster University.. Certificate in Community Youth Studies partnership and Taking Boys Serlously 2 advlsory group ARTS- Collaboration wrth Capella Caeciliana to support front of house al Crumlin Road Gaol. Other partnerships with Inlegrated Education Fund, Cooperallon Ireland (TBUC), Hume Foundalion, Safeguarding Nl, IFA. 8. We work coll•¢tlvgly wllh other 8ectoral repro8entatlve8 as courageous chango makern In: The developrnent of the Voluntary Youth Work Sector. Dormanl Accounts Fund funding secured for 1yr'. £50,098. Plan to appoint an independent sectoral convener and a Communications inlern. Securing Paul Hamlyn Foundation £8,000 for Ne￿Ork Youth Nl. Ne￿ork sectoral event In October at 174 Trusl (Duncairn complex), Planning for a sectoral online event and youlh showcase in 2024. Leading, managing and Championing ihe UKSPF Youlhstart 7 partner consortium (improving the economic activity of young people). Leading and partnering in a variety of PEACEPLUS consortlumslpartnerships. Participating in Sectoral meelings with EAIDE as a full youth work sector (June, July, Aug, Sept and Nov 2023). Joining ACCORD partnership to coordinale and enhance support services to local youthlcommunity groups across Nl. The Critical Youth Work Network. established in autumn 2020 {funded by the Paul Hamlyn Foundalionl continued to offer non formal workforce developmenl opportunities across the youth work sector. The Network involves training, research, resources, conneclions. insighls and the sharing of the most up to date innovative youth work. In 2023 we hosted 16 events. including explorations of Gender-Based Violence and Child Sexual Exploitation. YouthAction Northern Ireland Limited TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 9. Ral80 quallty slandards In youth Wofkl youth arts through parlnerships, research, trainingi rosource dovelopmgnt and Impact demonstratlon. Established and co-ordinate Youlhslart employability partnership (projecl launched in August 2023). Extended Ihe Peace Plus 3.2 Youth 'Amplify' to 2 new partners.. Prince's Trusl and Communily Sports Network with submission of application (Aug 2023). Nurturing Peace Plus 3.1 'SHARED AGENDA FOR PEACE.: Partnership of 11 youth work charities.. YoulhAction, Youlh Work Ireland, Corrymeela Community, Bytes, Integrated Education Fund, YouthLink. YMCA Ireland, Fighting Words Ireland, Community Dialogue, YoulhBank International and Peace Players with submission of applicalion (Sept 2023). Established a new Peace Plus 13 'Colleclive Allies for Peace, consortium: YouthAction, Youth Work Ireland, Women's Resource Developmenl Agency, Involve, CaraFriend. Mencap. Include Youth, Playboard, Diverse Youth and Volunteer Now Partner for Peace Plus 3.3 MENTAL HEALTH {'Ouf Generation, partnership led by Action Mental Health). Application submitted. Partner for Peace Plus 2.3 Cyb•r Quest (cyber security call, 2024). Resource developmenl including.. building altruism through youlh work, revamped pathway lo peace game. updated pea￿ coasters and the dev8lopmenl of a governance resource. Crilical Youlh Research Hub and Crrtical Thinkin9 workshops for Ihe sector suth as the impact of Poverty on young adults (ProfAnn Mariè Gray. July 23). Quality Assurance Senior Leadership role (Maria Perkins>. Development and roll out of EA Moderations Quality Assurance Framework. Outcomes forchlldren and oun eo Through youth work and youth art methodologies, young people will active the following outcorne5'. 1. Build and improve thèir health and well-belng. 2. Increase their creative expression. 3. Improve theii life and work skills. 4. Demonstrate leadership, activism and peace building. YouthAction Northern Ireland Limited TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achlevements and performan¢• ments b me: 1. Build and improv• young poopIè'8 health and well.being. IDEAS FUND In June 2023. we launchèd Phase 2 of the Ideas Fund Project a partnership with aueen Universily Belfast, YoulhAction and The Ideas Fund. The alm ol the Project is to explore allruism as a means of improving m8nlal health. and counlering the individualistic narralive around mental health and encouraging young people in communities to be "other-regarding.. By December 2023, we had recruited 2 new p8er lead8r$ in the North Wesl lo roll out work on Altruism In cornmunily and school sethngs. 124 young people had taken part In altruism workshops. with a furthèr 16 young people going through an intensive Kindness Programme. This workshop was popular al the member's conference with 12 members taklng part in a taster workshop. which will ultimately benefit young people in their local member organisations. OUR GENERATION In September 2023 the Peace IV funded 'Our Generation. Project finished. Over the course ol the projecl 1.435 young people benefilled from Health and Well-belng sessions delivered by YouthAction Nl. 980A ol those sald that Ihe programme was worthwhile in their lives. The Youth Advlsory Group within Our Generation convened lo ensure young people's decision making during the proied was hailed as a model of good piaclice. and the 25 young people who lead this work. r8fl8cled on memories and celebrated their achievements. 'It was fun. I have good memoiyes. We all Just gol on. But you know some people might have had theirperceptions olpeople and Ihe have been smashed down." 'Yeah, I have become mor8 confidenl because of Ihe programme. I have more lriends and f881 like I can speak out." .1 leel like all ol us got a better undersl8nding ol how peopl8 would lik9 to b8 r8lerr8d lo and how to 8ppmaGh people and whal kind olpronouns to use I Ihink that made us better al making olhers feel included." "I believe18m mora aw8r8 ol mental h9allh and how to develop strategies to overcome feeling down. I believe l am morn open and bottor able lo build relationship with people I have a bett8r understanding of olherpeople." 2. Increase young people's creatlve expres810n. YOUTH ARTS.. RAINBOW SCHOOL OF P ART In 2023, The Rainbow School of Performing Arts conlinued to deliver high quality youth arts l youth work programmes for young people. 550 young people attended weekly classes for 3 terms al our youlh hub College Square North. Each class look part in a mini musicals showcase, meaning every young person gol the opportunily lo perform to an audience. For the first time ever we hosled 2 summer shows. For juniors a cast of 66 look part in 'Tale As Old As Time,, whilst for seniors a Cast of 100 staged 'Malilda the musical,. The team w8re supporied by a team of25 young technicians (le¢hies). The Pantomime this year was the 'Tale of Tink and Stink,. 11 was a run 0110 shows involving 66 young p8ople in 2 casts supported by 10 Techies and 20 young Front of House Volunteers Audience numbers for 2023 were 2.950. The Rainbow Factory School of Performing Arts ¢onlinue to bring dance and drama worf(shops to those who may normally have thei same access to th8 Arts as others. Over the summer period, our longslanding parlnership with Phoenix Gas meant that 'Shine Bright, for young people with disabilities continued, work with Ethic Minorities continued in Ballymena, work with the Cedar Foundation has evolved to include an environmental aspect and a new partnership has been made with UCEL. As a resull of this work we no longer use the term young p￿pIe with disabilities but ralher young people with superpowers. YouthAction Northern Ireland Limited TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 "J8den absolutely loved the drama lessonsl Ha is an onty chikl who was totally isolat8d during Covid and lost his onfidence. Drama and the teacher Shannen brought him out of his sh811 &we w8r• abl8 to see Ihe ¢realJv8 P8rsonality we had all been mis&ng for so long. Even when he gol home he was talking excitedly. He has always wanted to go lo drama but most drama class8s don t 811ow autis1￿ peop18 to show their true imaginative selves whereas wilh tho Aulism gmup he was amongst similar children & encouraged lo be himselll" ALTERNATive METHODS OF CREATIVE EXPRESSION YANI CON On Sunday 25th June 2023. Ihe firsl-ever YANI CON was held. (Youth Comic Convèntion) There were 60 young people in attendance from across the region. Patron Ciaran Hinds opened Ihe event and l¢)ok lime to chal and answer qu8slions wllh young people. The evenl was used lo connect young people who share a love of comics and supgrheroes bul also to connect with th8 real world and real world issu8s related lo lrfe and soaal justice. For example, Stan Lee and Jack Kirby created X-men to leach young people aboul racism and prejudice and how to challenge it. 'It was nerdy and I love itl. INA RAL YOUTHACTION NI GOOD RELATION Ovar the Halloween break we hosted the first ever Good Relations Cup for young people from across Norihern Ireland. Teams entered from Enniskillen to the Northwest. In tho spirit of the Good Relalions teams were made up of players from different community backgrounds and supported by coaches from Norwich FC. Linfield Unltod FC and Ennlskillen Rangers. 40 young people look part from 4 regional youth work organisations wilh Cormac being awarded 'Player of the Tournament., ' There has been an OVe￿h61M1ng posifvve reaction to Ihe day. We plan to run Similar evenls in lh& future using variety olsports to build connections throug1￿Ul the seGlor." (Youth Worker) We continue to work with young people lo find allernalive ways to make Ihe besl use of our yOLrth work resource at College Square North, B81fasl. On 10th November we held a Fashion Fundraiser- selling preloved fashion lo young people and adults. The event was run by 'The Dreamers. youth committee and a group of young women from The Falls Women's Cenlre. 172 people Come through the doors (some new lo YoLtlhAclion Nl including refugees and fashion students). We raised £746.17 on Ihe nighl and have lit a spark for suslainable fashion amongst young people, supporters and staff. 3. Improve young people's Ilfe and work Skllls. YouthAclion Nl is committed lo tacklin9 youth unemployment by investing in young people. delivering bespoke employabilily programmes, providing qualifications, work placements and structured volunteering opportunities, with impressive results. Jobs for young people continues lo be a priority of Ihe Board of Directors. TH TA Youthslart was officially launched at PWC {8elfasl) on 271h July 2023. The UKSPF funded programme supports young people who ar& economically inactive lo build their skills & aspirations towards employmenl. The 7 strong partnership is18d by YouthAction Nl. As a colleclive consortium 1029A ol our year 1 targets have been achieved in Ihe first 9 months period April to December with 1,161 young people on the project against a tsrget of 1.139. 83°k of our employmenl outcomes have been met in the first 9 months. 138 young people have piogressed to employment against a target of 166. 137% of our Further Training IFurther Education outcomes have been achieved 494 young people progressed lo FEIFT against a target set of 360. 10- YouthAction Northern Ireland Limited TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Al YouthAction Nl. emphasis has been pla￿d on targeting those young people not always induded in youth work particularly young refugees and asylum seekers. young mothers and tr8ns young people. We hav8 increasing numbers of young people at YoulhA¢lion who identify as Iransgender. From anecdotal evidence many Irans young people experience bullying and di8criminalion in the home, at school and in sooely al large. We sland wilh young people and Iheir righls to decide for themselves. We are delighted that young people who are Irans see us as a safe Spa￿ respecting all gender idenlilies. We will conlinue to offer a safe space whilst also working with young people lo challenge bullying and discrimination in youth work. in ￿h0O1, family and societal settings. By D8cemb8r 2023, YouthAction had enrolled 148 economically inactive young people, exceeding the year 1 target which was 137 young people. 11 above our target for year 1. We had supported 23 young people into employment. 60.6% of year 1 largets had been achieved_ "Thanks for getting m8 Ihmugh the training and helping me get thatiob." (Young Man, CSR Course.) The Youthstart project has been selecled by UK Shared Prosperity Fund to be part of an avaluation of UKSPF. This is an opportunlty to showcase qualily youth work and the benefits of a collaborative appfoach. .1 have leamt I can do qualifications. I lov8 how il is infonnal bul that we get work done, In a relaxed &nvimnmenl, we are learnlng from each other likg what it is like to move hero from a different country, and whan w& leave each week I feel posilive and like I have contribuled." NNI YouthAclion Nl continues lo offer a wide range of OCNNI qualifications to support young people. In 2023 wè built a tralning space -Beans and Dreams" youth café for young people training on our OCNNI Barista, Customer Care and Food Hygiene courses We have recenlly added 3 new qualifications to our repertoire: A level 2 In Sports Development, Level 2 in Crealive and Digilal Arts and a Level 2 Award In Social Media. Work has started with OCNNI. lo explore accreditation of Youth Achievement Awards. YouthAclion Nl was nominated in 2 Categories al OCNNI Learning and Innovats'on Awards in June 2023. The youlh cafe was nominated In the Learner and Innovation Awards and OCNNI Learner Jack Smyth was nominated as Learner of the Year. Jack was runner up and received £500 lowards fulure study. 820/0 of learners who registered for a qualification in 2023 completed and gained accreditalion. INTERNSHIPS In 2023, the charily provided paid work placemenv Internships for 3 young people in growth industries (PR I communications, technical theatre and event management>. supported by the government Job Start ￿heme and Ulsler University. 4. Demonstrate leadefshipp activism and peace buildlng. YoulhAclion Nl continues to place peacebuilding, activism and leadership at the heart of all ils youth wo programmes. d8spile the absence of funding in 2023 for this work. Strategic development investmenl for peace• building focussed on nurtuiing a range of PEACEPLUS consoriia in preparing applications to 3 2 Yokjlh call and 3,1 Shared learning (non-formal education) Traditional activities such as International Women's Day, PRIDE week events, World Mental Health Day Events took place each with a social iuslice locus In addition we hosled new evenls exploring the role of faith in the LGBT Community, A peacebuilding I storytelling event. as well as new campaigns such as Linking Generatsons (Intergenerational Campaign} and Ihe 'thwill' campaign 11 YouthAction Northern Ireland Limited TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Through the '#iwill' campaign Youth Ambassadors Corin and Colt continued to facilitate workshops on Ihe '#iwill' campaign. They facililated workshops wlth the North Wesl Islamic Association, in Slfabane, D8rry. with local schools and they brought theif campaign to 10 Downing Street where they spoke wilh UK Prime Minister Rishi Sunak. Both iwill ambassadors completed their Community fundraising for the local Foyle Hospice and raised a total of £12,160. Foyle Hospic8 Staled 'th8s8 inspirational young people h8ve shown Foyle Hospice Ihat grassmots fvndraising is b8ing pass8d through gen8rations and that a hospice that Was buill by the community will c(pnlinue to thrive bwth young pgople lik8 Corin and Coll.. HARED ISLAN YouthAction has been instrum8nlal In r8cruiting fof and in delivering inductk)n sessions to the Shared Island Youth Forum To dale 80 young people have been iecruiled from across Ihe Island; with sessions on YouthAclion Nl Peace Resources delivered lo groups during the initial residential. As a result lo YouthA¢tion'3 Commitment to peacebuilding In July 2023, 3,503 young people reported Ihal they weie -more favourable to people from other backgrounds. as a result of laklng part in thelf project. WOMEN AN YouthAction Northern Ireland Ofganise a 'Women In Peacebuilding, event vthich focused on women who were Connected with the Design and implementation of Ihe Good Friday Agreemenl and women who are involved in peacebuilding post good Friday agreemenl with the young people of loday. The evenl was chaired by the Chairperson of the Board Anne-marie Gray who chaired Ihe Iwo panels and took the audience of over So through the journey and roles that women played In bTinging peace to Northern Ireland as well as how the women in today's society are contributing to peace building. Bronagh Hinds expressed a sense of encouragement 10 See young women entering aclivism and community work underlining her commitment lo solidarily - ￿e're slill Ihere fighting" YouthAclion Nl contributes to Ihe workforce development of Ihe wider youlh Sector, by providing recognised youth V￿rk training from level 1 to level 4 (including Ulsler Universily qualifications) and 296 youth work qualifications were achieved in 2023 through face- lo-face delivery. In building leadership, YoulhAction, continues to priorilis8 quality youth work and lèadership iraining. We provlde a coherent training roule for leaders at all ages and sla9es of their leadership joumey. In 2023, 25 groups registered for OCN levels 1 3 in youlh work (25 groups) with 22 groups completing with 166 young leaders gaining accreditation. In addition, we continue lo be the only organisalion to deliver the Level 4 Certificale in Youth Sludies in partnership with Ulster University. The course is a widening access vocational course targeting non-Iradilion81 learners. In 2023, 13 students graduated from the Level 4 Certificate course. This represents an 800A completion rate. Progresslon routes.. 6 students accepted onlo the full lime degree in Communily Youth Work 1 sludent accepted onlo the posl-grad course for Community Youlh Work 3 students accepted onto part-lime degree in Community Youlh Work 1 student accepted onlo Dance course in Manch8Ster 3 students gained new Youlh woik employment. For the academic year 2023 124 we held the course in 2 locations Belfast and Magee with a total of 22 students By December 2023. 90Q/D of sludents had completed tnodule 1. .1 never thoughl I would get to university, people like me don't go to university. bul Ihe help I gol on the wurse made me slay. I was told I wasn t slupid l just ne8ded support to help me learn. I was able lo lake what I was learning straight into my youth club. It helped me see how it all connects. I'm thé first in my family to graduate, th8 coui3e was hard but I'd do it all again in a heartbear . 12- YouthAction Northern Ireland Limited TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Lo¢atlons The charity malntalned the regional offices in Armagh, Enniskillen. Kilkeel. Newry and Derryl Londonderry. College Square North continues to be developed as the leading youth venue. creating a shared space for a shared future in the heart of Belfast. 11 connects communities, young people and organisations to the city and has become a cenlre of excellence foi youth work, youth democracy and youth arts. College Square North The Charitable company plans to maximis8 the resources al College Square North lo more effectively meet the changing needs of young people and conlribule to the development of the youth work and arts sectors in Northern Ireland, following the impact of COVID-19. In 2023 our Youth Cafè 'Beans and Dreams- went on projed visits to Dublin to leam about how other youth cafés are best run. 'W8 l&am8d about tho different rules that help keep the calé safe. So we wll add Ihase inlo ours - like only o8rt£in groups in al one timo. and having people rasponsible lor cert8in jobs.. "Our calé is more run by young people not workers . 'we need to add rules like - no class no coff98. And ev9ryone is included- not a cliqu8.' "We will use some learning including the hall ol fame and Ihe corporale sponsorship for heallhy foods fmm th8 trip to Dublin. A building Teview group made up of young people, staff and senior leaders has been meeting lo maximise the potential of the building and lo plan lor a suslainabilily policy Ihroughout the organisation. Concerns and opportunities were presented to the Board of Truslees wilh priorities moving foDNard lo include,. iecyding in the building, to Inslall LED sgnsor lighting and to Greate a small communily garden to green the city cenlre Spa￿ for young people. In November 2023, we secured a tenanl for the smaller office on Ihe 51h Floor wlth the larger space remaining vacant, resulting In a loss of approximately £25.000. Capital expenditure to 31 December 2023 on the building lotalled £3,242,20712022'. £3.235,992). Since the building is an asset of the charitable company, the expendilure against this appears on Ihe balance sheet. 11 should be noted that the income used to fund this expenditure Is no longer available lo the charrtable company, as il has been Spenl on College Square North. 13- YouthAction Northern Ireland Limited TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Flnan¢lal R¢vlew The financial stalements are presented in the standard fomiat required by the Statement of Re¢omrnended Practice "Accounting and Reporting by Charities. as slated in March 2015 and covers the activities of YoulhAction Nl. The slatem8nt of finanrial activitiès (SOFA) shows Ihe gross income from all sources. Results The charitable company had net outgoing resources for the year, befor& Iransfers of £417,19712022.' £99,292). The charity had total funds of £3,581,322 (2022.. £3,978,519). The tharity conlinues lo work tirelessly lo secure income from private Irusls. donations and public sources to finan￿ its ongoing activities with young people. A strategic fundraising plan is continually implemented and updated. alongsid8 annual budgels of income and expendilure to address the thallenges in the current financial climale. The main sources of funding are granls received fiom various bodies as disclosed in note 6 in the financial slatemenls. YouthAclion Nl sincerely thanks all donors and ensures effeclive and efficient use of iesources. Key Performance Indicators The charity's key performance indicators are as follows.. 2022 2023 otsl Incomlng Resourceg 2,848,956 ,778,325 mployoe Number• 39 The charities achievemenls against ils charilable objectives are set out within the "Achlevemenls and performance" section above, and is their key measurement of success. 1, Financlal rlsk management The charity's operalions expose it lo a variely of financial risks that include the effecls ol changes In liquidily risk and interest rale cash flow rlsk. The charilable company has in Pla￿ a risk management programme Ihat seeks to Ilmil the adverse effec1$ on the financial perfonnance of the company by monitoring levels of cash and maintaining no d8bt. The policies set by the Board of Directors are implemented by Ihe charity's Senlor Leadership Team. Specific meetings betsvegn Ihe CEO and Chair also lake place to assess risk. A high18vel Trustee Risk Register is in place lo mitigale against Ihe risks lo the charity (Finance- Repulalion,. Governance and Management) and a report is presenled in advance of each board meeling In lale 2023. Ihe Senior Leadership Team Tecognised the impact of delayed funding conliacls on income for 2023 and how this will affecl the accounts. A specific and purposeful r8view was planned alongside the Treasure in eaily 2024. 2. Reser¥e8 At 31 December 2023, the charity had lolal reseNes of £3,561.322. Of these reseN8s, £379.270 were reslricled by donors for specific purposes. The chariiy had general reserves of £3,182.052 of which the Board have designaled £2.4￿,194. The charitable company's policy is to relain a level of reserves which malches the needs of the chafltable company both at the currenl lime and in Ihe foreseeable future, This also allows Ihe charily to plan for future d8V81opments. This is estimated al a reserve level of £9C(I,000 and general reserves are currently below this level. The reserves policy is reviewed annually. Fre8 reserv8s are those unrestricted rèserves not designated for, nor invested in fixed assets and which are available for general use and can b8 desunated for future developments. The Trustees intend lo designate a portion of reserves for College Square North future developments. The Trustees are striving lo secure reserves {whi¢h include restricted and unrestricted funds) in the future sufficient to meet committed expenditure and Ihe running costs for a period equivalent lo 6 rnonlhs annual expenditure. The Trustees believe thal the period of 6 months is n￿SSary in order that there is continuity of service and wi15 continue to ¥￿[k towards Ihe implementation of this policy 14- YouthAction Northern Ireland Limited TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 3. Going concem audlt For the year 2023, the company reported a deficit of £417k. Despite this deficil, the company still has reserves of £3,561,322 with strong r8Stricted and unrestricted reserves. Going forward, the company is reporting an improving picture. For Ihe 2024. year, the company is expect8d to break even and In the year 2024. il has secured a number of large long term projects. In yaaT 2024, the company has secured 0 4 year. a 3 'A year programme and a 3 year project from SEUPB PEACEPLUS worth É1.640,425. É1,349,001 and É1,060,778 respectively. The company Is also very confident that in Ihe later part of 2024, another 2 long term project5 will be secured from SEUPB worth é900,000 and É432,412. th these projects. the company will be able to secure Ihe long term future of their staff to be able to continue to carry oul their much needed work with young people. The company has also strong bank balances with the main trading account sitting around £500,CQO 8nd11 has kepl paying off its supplier8 on a timely basis and there are no long outstanding debts with any of its suppliers. It is also up lo dat8 with all ils stalutory creditors e.g. HMRC, pensions and all liabilities are currenl and no long term outstanding liabililies. The cornpany has taken the necessary actions required to address the deficit In 2023 and it is in a much stronger posrtion as of 2024 and can continue lo improve Ihe picture in Ihe forthcoming years. The company does not envisage any going concern issu&$ and Is abla lo conlinue as a business into the future, 4, Taxation 3tstu• The charilable company is a registered d)arily. and as such is entitled to certain tax exemptions on income and profits from inveslmenls, and surpluses on any Irading activities carried on in furtherance of tha charilable mpany's primary objectives, if these profits and surpluses are applied solely for charitable purposes. The charitabl8 company is not registered for VAT and accordingly, all their expenditure is recorded inclusive of any VAT incurrèd. 5. Rlok management The Trustees have aclively reviewed the major risks to which the charitable company is exposed and have implemented systems lo miligale those risks. Internal financial risks are minimised by procedures oullined in th8 Financial Policy and Procedures document (reviewed Jan 2021) which aulhorises all Iransactions. These controls are reviewed regularly to ensure that they slill meet Ihe needs of Ihe charilable ￿mpanY. A risk managemont str8legy is in place which is aligned with Ihe operalional plans. This includes largels for working with young people. finance and governance A review of the strategic plan lakes place againsl an analysis of the external environrn8nl. potential sources of income and risks laced by the chaiilable company. A Risk Regisler is in place and a summary reported in advan￿ of ead) Executive Commillee meeting. In late 2023. delays in funding contracts raised concerns for incom8 figures for 2023 alongside additional factors such as 5th floor tenancy and redu￿$ unrestricted income throughout 2023 A review and plan wilh the CEO, Finanr£ Manager and Senior Leadership team was put in pla￿. YouthAGlion Nl has held the Investors in People qualily standard award Since 2004 and operates a compiehensive HR Policy and procedures (reviewed annually). A comprehensive review of the organisation's Protecting children, young people and young aduSts (including Adults at Risk), policy and procedures induding good piacli guidelines" has been carried, fully implemented and reviewed in April 2022 by the Board of Directors. The Board is advised of all child proteclion Iraining. vetting and reporting at each meeting, through the Risk Register. As a regional voluntary youth organisation. YouthAclion Nl also conlinues to provide Access Nl vetting and Child Proteclion Iraining to local groups across Northern Ireland. to assisl In keeping young people safe in youth, arts and community environments. We have 3 designaled officers (Including a Board member) and 5 Keeping Safe trainers. In 2023 we vetted 369 youth leaders, through Access Nl and trained 161 In Safeguarding. lo protect children and young people in our local member groups 15- YouthAction Northern Ireland Limlted TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Plans for future perlod8 The charity has begun year one year ol the new 5 year Strategic Plan for 2023-2027 in extremely thallenging circumstances. Performance and achievements are monitored and reported again31 the goals of the charity. Each year the 8oard of D1￿clor$ hold a youth governance annual review to share achievements with young peop18 and plan ahead. YouthAction Nl is recognised by the Departmenl of Educalion as a regional voluntary youlh organi5alion and charily: by the Arts Council for Nl as a high quality youth arts charity, the Deparimenl for the Economy as a high performing, European Social Fund provider,. and the Department of Finance as a lead partner in significant Peace 4 initiatives. To meet these functions YouthAction Nl will conlinue to: Deliver direct front line servi￿5 to improve the life chances of young people. Provide Iraining and support lo local groups to improve their seNices for young people. Maintain, support and grow our local membership services. Contribute lo the stralegic development of youlh work and youlh arts Ihrough publications., curriculum malerials; slralegic messaging., partnership working and through shared learning events. In 2023. young people, member or9anisations, staff, and senior leaders approved our new 5 year slralegic plan for 2023-2027 "Young people leading change for a Yair and inclusive world." The 4 outcomes (thematic pillais) lo be achieved for young people, Ihrough a wide portfolio of programmes, are.. 1 . Build and improve their health welkbeing: 2. Increase their creative expression; 3. Improve Iheir lile and work skills; 2nd 4. Demonslrate leadership, aclivism and peao-building. Organlsatlonal I Strateglc Goals for 2023.2027 1. Strive for a sustainable and robust financial base for our work, ralslng 2 mllllon pounds each year to achieve hlgh quallly youth worklyoulh arts and value for money outcomes. 2. Invest in 250 ¢ommunltl•8 each year to embed quality youth worklyouth arts to support young people's development. 3. Improve the health, wellboing and aspiralions of 10,000 young peopl• aged 10-25 each year. 4. Increase the skills, qualifications and employability of 1,000 young leaders each year. 5. Demonslrale the highest levels of governance and operational excellen￿ wrthin a clear constitutional and legal framework. 6. Inspife, build and nurtur8 an effective supportive and heallhy18adership team at YouthAclion Nl and Ihrough our membership nelwork. 7. Build local and strategic partnerships wilh charities. business sector. academia, governmenl and civic society across the UK, Ireland and InleTnationally. 8. Work wrth Secloral represenlatives as courageous change makers to transform how charities are recognised. valued and supported 9 Raise quality slandards in youth work Ihrough partnerships, research, training, resource development and impact demonstration. 16- YouthAction Northern Ireland Limited TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The priorities for 2024 are: 1. To lead and ￿-OrdInate a range of cross l)order PEACEPLUS consortia to further indude young pèople in building peace and reconcilialion. 2. To lead, manage. implement the Youthstart employability C￿nSOrt1uM of 7 leading youth work charities currently Ihrough the UK Government Shared Prosperty Fund and to influence slralegic development and funding moving foThvard into 2025. 3. To work alongside inter-seclor allies to support young people who experience multip18 barrier8 in Iheir lives such as young Iravellers. young LGBTQ+ and young people from asylum seeker and refugee families. 4. To actively contribute to and shape wider youlh work Se￿Or policy and strategy developments including strategic funding for the transformation of the voluntary youlh work sector. 5. To develop a mole sustainable approach lo our venue at College Square North (Belfast) and lo our overall practi￿$ across the region. 6. To confidently fespond to meellng Ihe needs of our local membershlp support Sèrvices in efficient and effective manner. 7. Contlnue lo invesl in our people al YouthAclion, improve policy support and to demonslrate Ihe benefrts of working at YouthAclion. Publlc benellt The Trustees believe that the charitable company provldes a publlc benefit in a number of ways lo complement Ihe twelve descriptions of charitable Pufposes as laid down in the Charities Act {Nl) 2008113). This includes the advancement of youth,. education: citizenship and community development,. the arts,. reconciliation: equality and diversity,. and relief of poverty. This is achieved through helping to provide support. guidance and educational opportunities lo the young people of Northern Ireland and those who work with them. The Trustees are fully aware of the requirements of Ihe Charity Commission for Northern Ireland and are operating entirely within the legislation. YoulhAclion Nl regisler8d with the Nl Charities Commission on 16 May 2017 (Charily Number NIC106365). Alongside the wider youth work sector, we will undertake research that promoles the economic value of youth work, demonstrating the social retum on investment. 17- YouthAction Northern Ireland Limited TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 strncthre. governance and management YouthA¢tion Nl is a charitsble Company limiled by guaranlee and does not have a share capilal. 11 is govemed by a Memorandum and Articles ofAssocialion and the liability of each member is limited to an amounl not ex￿edIng £1 Th8 charitable company, which is governed by a Board of Direclofs, is recognised as a charity by the HM Revenue and Customs. The Chief Executive drives the strategic direction of the charitable company and carries out Ihe day to day management with the assistance of Ihe Senior Managemenl Team. The trustees. who are also the d1￿CtOrS for the purpose of Company law. and who served during Ihe year and up to Ihe dale of signature of the financial stalemenls were.. Professor Ann Marie Gray - Chairperson Mr Jim Nicholson OBE - Vice Chairperson (Resigned April 2023) Replaced by Susan Mc Cullough. Mr Calhal Maneely- Treasurer Mr Liam Hannaway - Honorary Secretary Ms Pamela 8allanline MsAl•x B8rnett Mr John Hannaway Ms Susan Mccullough Ms Gillian Shields The Trustees who are also Directors of the charitable company a$ at 31 December 2023 and have been members for the whole year Ihen ended, unless otherwise noted, are as oullined on page 1. The appointment of TrusleeslDir8clors is laid out in the constitution of the chafilable company. The Human Resources Policy (reviewed annually) conlains a volunteering policy and a conflict of interest policy., which apply to the Board of Directors. The Board ol DirecloTs meet at least four limes per year. Upon election each Trustee is inlrodu¢ed lo Ihe legal and operational aspects of the charitable company to ensure they have an understanding of Ihe nature of charily trusteeship. Ihe responsibililies and duties that go wilh Ihis posltion and lo see the role of Trustee in action. Colleclively we commit lo self-evaluation and continuous improv8menl Ihroughout all areas of Ihe organisation. 18- YouthAction Northern Ireland Limited TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of trustees. responslbllities The Trustees (who are also Direclors of YoulhAction Northern Ireland Limited for the purposes of company lawl are responsible for preparing the Annual report in accordance with applicable law and regulation. Company law requir8S th8 Trustees to prepare financial statements for each financial year. Und&r Ihat law the Trustees have prepared Ihe financial statements in accordance with United Kingdom Accounting Standards, comprising FRS 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland-, and applicable law (United Kingdom Generally Accepted Accounting Practice). Under company law the Trustees musl not approve the financial stalements unless they are satisfied that they give a true and fair view of the slate of the affairs of the charitable company and of the incornin9 resources and application of resources, induding the Income and expenditure, of the charitable company for thai period. In preparing these financial statements. Trustees are required to-. • select suitable accounting policies and then apply them consistently., obSe￿e the methods and principles In the Staternenl of Recommended Praclice.. Accounting and Reporting by Charities (2015).. • make judgements and estimates that are reasonable and prudent: stale whether applicable UK Accounting Slandards, comprising FFIS 102, have been followed, subjecl to any material departu￿$ disclosed and explained in the financial statements: and prepare the financial statemenls on the going concem basis unless it 18 inappropriate to presume thal the charitable company wlll continue in business. The Trusleos are r•spon$ible for keeping adequate accounting records that are sufficient to show and explain the charilable company's transadions and disclose wilh reasonable accuracy at any lime the financial position of the charilable company and enable Ihem lo ensure that the financial slalemenls comply with the Companies Act 20( Th8y afe also responsible for safeguarding the assets ol the charitable company and hence for laking reasonable steps for the prev6nlion and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and inlegrity of Ihe ¢harilable company's website. Legislalion in the Uniled Kingdom governing the preparalion and disseminalion of financial statements may differ from legislation in other jurisdictions. In accordance with Section 418, Directors. reports Shall Include a slalemenl, in Ihe case of each Director in office at the date Ihe Directois, report is approved, that., So far as the Trustees, are aware. there is no relevant audit informalion of which Ihe company's auditors are unaware,. and they have taken all the steps thal Ihey ought to have taken as a Twstee in order to make themselves aware of any relevant audit inlormalion and to establish Ihat Ihe company's audilors are aware of that infoimation. Audltor The auditors. Harbinson Mullholand. have indicaled Iheir willingness to continue in office, and a resolution concerning iheii ieappoinlmenl will be proposed at Ihe Annual General Meeting. The truslees, report was approved by the Board of Trustees. Professor Ann Marie Gray - Chairperson Trustee Date.. 28nord4 19- YouthAction Northern Ireland Limited INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YOUTHACTION NORTHERN IRELAND LIMITED Oplnlon We have audited the financial stalamenls of YouthAction Northern Ireland Limited (the 'charily') for the year ended 31 December 2023 which comprise the statement of financial activilies, the statement of financial position, the slalemenl of cash flows and notes lo Ihe financial statements, including significant accounting policies. The financial reporting framework that has be8n applied in their preparation is applicable law and United Kingdom A¢￿untIng Standards, induding Financial Reporting Standard 102 The Financial Reporting Standa￿ applicable in the UK and Republic of Iraland (United Kingdom Generally Accepted Accounting Pra¢ti¢e). In our opinion, the financial statements.. give a true and fair v*w of the stale of the charitable company's affairs as at 31 December 2023 and of rts incoming resources and application of resources. for the year then ended; have been properly prepared in accordance wlth United Kingdom Generally Accepted Accounting Pracllce., and have been Prepared in accordance wth the requlrements of the Companies Act 2006. Bag1• for oplnlon We conducled our audit in acGOfdance wilh International Standards on Auditing (UK) IISAS {UK>) and applicable law. Our responsibili118s under those standards are further described in Ihe Audilorfs responsibilities for the audil of the financial statements section of our report. We are independent of Ihe charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, induding the FRC'S Ethical Slandafd, and we have fulfilled our other elhical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained 18 sufficient and appiopiiate to provide a basis for our opinion, Concluslon8 relatlng to golng con¢•rn In auditing the financi81 slalemenls, we have concluded thal Ihe Iruslees, use of the going concern b8si$ of accounting in the preparation of the financial slalemenls Is appropriate, Based on the work we have performed, we have not identified any malerial uncertainties re181ing lo events or nditions that, individually or collectively. may cast significanl doubl on Ihe charily's ability to continu8 as a going Concern for a period of al leasl fvielve months from when the financial statements are aulhorised for issue. Our iesponsibililies and the respon5ibililio5 of lh• trustees with respe¢l to going concern are descrlbed in Ihe levant sections of this report. Other Information The other infomiation comprises the information included in the annual report other than Ihe financial statements and our auditorfs report Ihereon. The Iruslees are responsible for the olher information contained wilhin the annual report. Our opinion on Ihe financial slalemenls does nol cover the other information and we do nol express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and. in doing so, consider whelher the other information is materially inconsistent with the financial statements or Our knowledge obtained in the course of the audit, or otherwise appears lo be malerially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to delermine whether this gives rise lo a material misslatemenl in the financial slalements themselves. If, based on Ihe Wofk we have performed. we conclude Ihat Ihere is a material misstalemenl of this other information, we are required to raport Ihat fa¢l. We have nothirlg to Teport in this regard. Matters on which wo are roqulred to report by exceptlon We have nothing lo reporl in respect of the following mallers in relation to which the Charilies {A¢counts and Reports) Regulations 2008 require u5 lo report to you if. in our opinion." Ihe infomiation given in Ihe financial statements is inconsistent in any material respecl wilh the trustees, report; or sufficienl a¢¢ounling records have not been kepl,. or the financial stalements afe not In agreement wilh the accounting recoTds', or we have not received all the information and explanations we require for oui audit. YouthAction Northern Ireland Limited INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF YOUTHACTION NORTHERN IRELAND LIMITED Rg8pon8ibilitlu of trusts88 As explained more fully in the statement of Irustees, responsibilities, the trustee5, who are also Ihe diredofs of Ihe tharily for the purpose of company law. are responsible for Ihe preparation of Ihe financial slalements and for being salisfied Ihat they give a true and fair view. and for such inlemal control as the trust8es d8termin8 Is necessary to enable the preparation o( financial slalements that are free from material misslalement, whelher due lo fraud or erTOT. In preparing the financial slalemenls, the truslees are responsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable, mallers related to going concern and using ihe going Concern basis of accounting un188s Ihe trustees either Intend to liquidate the chaiilable company or lo cease operations, or have no Tealistic alternalivo but lo do so. Audltorf9 re8ponslbllltles for the audlt of the flnanclal statements Harbinson Mulholland is eligible for appointment as auditor of the charity by virtue ol its eligibilty for appoinlmenl as auditor of a ￿)MpanY under section 2011 of the Compan*s act 2006. Our objectives are to oblain reasonable assurance aboul whether the financial staternents as a whole are free from malerial misslalemenl, whelher due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul Is not a guarantee that an audit conducted In accordance with ISAS (UK) will always delect a material misslatement when il exists Misslalemenls Can arise from fraud or error and are considered material rf, individually or in the aggregale, Ihey could reasonably be expected lo influ8nce the economic decisions of users taken on the basis of these financial slatemenls. Irregularrties, including fraud, are instances of non.compliance wllh laws and regulations We design procedures in linè with our responsibilities, outlined above, to detect material misstatements In respect of irregulanties, including fr8ud. The extent to which our procedures are capable of detecting irregularities, Including fraud, is detailed below. 21 YouthActlon Northern Ireland Limlted INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUTHACTION NORTHERN IRELAND LIMITED Our approach to identifying and assessing the risks of material rnisstalement in respecl of iiregularilies, including fraud and non-compliance wilh laws and regulations, was as follows: the engagement partner ensurad thal the engagement leam collectively had the appiopriale competence, capabilities and skills lo idenlify or recognlse non-compliance wrth applicab18 laws and regulations; • we identified the laws and regulations applicable lo the company through discussions with directors andlor senior management, and from our commercial knowledge and experience of the sector,. We focused on specific laws and regulations which we considered may have a direct material effect on the financial slalements or the operations of the company, including Charilies Act (Nl) 2008. taxation legislalion, dala protection. anli.bribery, efflploymenl, environmental 8nd health and safely legislation we assessed the extent of compliance wilh the laws and regulations identified abov• through making 8nqviries of management and insp8cling18gal co(respondence', and identified laws and regulations were communicated within the audit team regularly and the team remained alert lo instances of non-complianca throughout the audil. We assessed the susceplibilily of the company's financial statemenls to material misstatement, includin9 obtaining an understanding of how fraud mighl occur. by: making enquiries ol managemenl as lo where they considered there was susceptibility to fraud, their knowledge of aclual, suspected and alleged fraud; and considering tho internal controls in place to mitigate risks of fraud and non-Gompliance with laws and regulations; To address the rlsk ol fraud Ihrough management bias and override of controls, we.. performed analylical procedures to Identify any unusual or unexpected relationships; tested journal entries to identify unusual transaclions., assessed whether judgements and assumptions made in determining the accounling 881imales sel out in Note 2 were indicative of potential bias: and • invesllgaled the rationale behind significant OT unusual transaclions., In response to the risk of irregularltles and non.compliance with laws and iegulations. we designed procedures which included, but were not limited lo.. agreeing financial statement disdosures lo underfying supporting documentation; reading the minutes of meetings of those charged with governance., enquiring of management as lo actual and potential liligation and claims., and reviewing correspondence with HMRC and Ihe company's legal advisors,. There are inherent limitations in our audit proceduTes described above. The more iemoved that laws and regulations are from financial Iransaclions, Iha less likely il is that we would become aware of non.complian¢e. Auditing standards also limit the audit procedures required lo Identify non-compliance with laws and regulalions to enquiry of the direclors and other management and the inspection of regulatory and legal correspondence, if any Material misslalemenls Ihat arise due to fraud can be harder to delect Ihan those Ihal arise Irom error as Ihey May Involve deliberate concealment or collusion. .22. YouthAction Northern Ireland Llmited INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUTHACTION NORTHERN IRELAND LIMITED Use of our report This report is made solely to the charity's rnembers, as a body, in accordance with section 65 of the Charities Act INI) 2008 Our audit work has been undertaken so Ihat we might state to the charity's members those matlers we are required to stale to them in an auditorfs report and for no other purpose To the fullest exteni permitted by law. we do not accept or assume responsibilily to anyone olher than th8 charity and the charity's members as a body, for our audil work,foi this report, or for the opinions we have formed. fLG_ Angela Cralgan Isenior Statutory Audltor for and on bohalf of Harblnson Mulholland Chartered Accountsnts Statutory Auditor Cenlrepoinl 24 Omieau Avenue Belfasl Co. Antrim Northern Ireland BT2 8HS 2911012024 Harblnson Mulholland is eligible for appoinlmenl as auditor of the charity by virtue of ils eligibility for appointment as auditor of a company under section 1212 of Ihe Companles Act 2006. .23- YouthAction Northern Ireland Limited STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unre8tr1cted Restrictod funds funds 2023 2023 Total Unrestrlcted Restrlcted funds fund8 2022 2022 Total 2023 2022 Notes In Volunlary Incorne Charitable aclivities 2,630.314 89,584 2,630.314 218,642 2.570.715 2,570,715 52,725 207,610 129,058 154,885 Total Income 129,058 2,719,898 2.848,956 154.885 2,623,440 2,778.325 enditu Charitable activities 218,320 3,047,833 3,266,153 183,756 2,693,861 2,877.617 Ngt outgolng resourc•• before tra118fors (89,262) (327,935) 1417,197) {28,8711 170,421) (99,292) Net outgolng re8ourco$ bofore trangfers (89.262) {327,935) (417,197) (28,871) (70,421) (99,292) Gross transfers betsyeen funds (291,879) 291,879 (35.168) 35,168 Net expenditur• lor th• yearl Nèt movement In fund8 (381,141) (36,056) (417,197) (64.039) (35,253) {99,292) Fund balances at 1 January 2023 3,583,193 415.326 3,978,519 3.627.232 450,579 4,077,811 Fund balanc•8 at 31 December 2023 3,182,052 379.270 3,561,322 3.563.193 415.326 3,978,519 The slatemenl of financlal aclivllies includes all gains and lossas recognised in the year. All income and expenditure derive from continuing aclivities. .24- YouthAction Northern Ireland Limited STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 2023 2022 Notss Fixed assets Tangible assets 11 2.490.194 2,542.164 Current a8sets Slocks Debtors Cash al bank and in hand 12 13 279 729,644 550,058 279 1.146,398 1,136,513 1,279,981 2,283,190 Crodltors: amounts falllng due within one year 14 (208.853) (846,835) Net currenl assels 1,071,128 1,436.355 Total a880ts le88 CUTrent Ilabllltle8 3.561,322 3,978,519 Income funds Restricted funds restricted funds Designated lunds General unrestrlcled funds 16 379,270 415.326 17 2,490,194 691,858 2,542.164 1,021,029 3,182,052 3,563,193 3,561,322 3,978,519 -25- YouthA¢tlon Northern Ireland Umlted STATEMEKf OF FINANCIAL posrrioN (CONTINUED) AS Af 31 DECEMBER 2023 Th• tompgny Is •ntttl•l to Ihfr •xemplkn frorn Iho audl rewlrnmont (l￿1n￿d In $Kllon 477 0lth• C4ryonl•J AG 21KI6. lor th• y••r 31 Docfjfflb•r 2023. atthw an audlt be￿ ¢4nlod uryJ•r go¢llon 65 ol tr ChothA¢t (Nl) 21108 . Tlw dlreGtoTh Ihlr rupon•lJllllkn• lor •nxthi th•t th• th•rfty k•w acoxmllThJ rac4￿1 *thlch rAryly wlth 8eeltofi 386 01 th•Ad Ind for w•p•rtn9 Ihwn(lal ￿l•M•nI8 gtv• A tru• •*J l•lr of th• 8l•t• 014ffAlrs DI th• Mbwy 88 •t Iho •nd of lh• frfwKlel •rvJ ol Its Inc**Tr￿ r•Mum And 8ppkYllon of i•1¢AweeB. Indudlry Its •nd •xp•Trl￿ré. for th• fflnarKlal y•ar kn octiKd•n￿ wlth tho Trqutfvmntl of on¥ 394 and 395 •nd Oth•￿ c4rfWy wlth th• foqulf•m•nts of tho Comp•nl•• Act 21)06 fela¥n9 to Iln•nd•l st•lernwl¥. w f•rA¢ ￿¢•blO ty lh• C•>i)p•ny. The rnemb•rn ha￿ not r•quk•d th• comp*ry to obtakn an wdSt ol Its fingndd 8l•t•m•nto urKhr tho rnqulrwn•nts of th• Comp•nlo• Act 2006. lor thp y•w In qu•8llon In I¢￿￿nc• w6ih 476. 10 tho 8m•ll wfflp•rf•• r•glm•. 2811012024 Th• lkn•nd•l atsl•m•nls w•r• approv•d by th• ThMt•w on... . . .. .. Prof•A•ofknn Marfo ar•y. Ch•lrp•r80n Thi•1 Mr C•lh•l M•n••ly. Tr••wrnr Thi•t•• ¢omyny rngl•tritlon numb•r NIO?5¥17 YOUTHACTION NORTHERN IRELAND LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flows from operallng actlvltles Cash absorbed by operalions 20 {569,899) (151,443) Inve8tlng actlvltle5 Purchasa of tangible fixed assets {16,556) {25.742} Net cash used in inV￿lIng actlvltle8 116.558) {25.742) Net cash u•ed In financlng actlvltles Net decrease in cash and ¢0gh •qulv•l•nt• (586,455) (177.185} Cash and cash equivalents al beginning of year 1,136,513 1,313,698 Cash and ¢a$h oqulvalents at end of year 550,058 1,136,513 -27. YouthAction Northern Ireland Limited NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Charlty Informatlon YoulhAction Northern Ireland Llmited is a private company limiled by guarantee incorporated in Northern Ireland. The reglSt8red office is 14 College Square North, Belfast. BT16AS. 1.1 A¢¢ountlng convention The financial slatements have been prepared in accordance with the charity's governlng document, the Companies Act 2CK)6, FRS 102 "Th8 Finan￿al Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charili8s.' Slal8m8nl of Recommended Praclice applicable to charities preparing their accounts in accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity Is a Public Benefit Entity as defined by FRS 102. The financial slatemenls a￿ prepared in sterfing. which is the funcllonal currency of the charfty. Monetary amounts in Ihese financial statements are rounded to the nearest £. The financial statements have been p18pared under the historical cost convention, modified lo include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounling policies adopied a￿ sel out below. 1.2 Golng concern At the lime of approving the financial statements. the trustees have a reasonable expectation that the charity has adequale reSoUr￿S lo continue in operational existence for Ihe foreseeable luture. Thus the trus18es conlinue lo adopt the going concem basis of accounting In preparing ihe financial stalements. 1.3 Charltsbl• funds General funds Unrestricted funds are expendable at the discretion of the Tfuslees in furtheiance of the objectives of Ihe charitable company. In addition to expenditure on programmes and other activities, such funds may be held in order lo finance capital inveslment and working capital. De81gnated funds Designated funds are amounts sel aside from unreslricled funds which have been 'earmarked' for particular projects. Restrlcted funds Reslricted funds are those given to the charitable company which are lo be expended for the specific objects specified by the donor. 1.4 Incomo Grants Grants rec£ivable are cr8diled to the stalement of financial activities in Ihe year in which Ihey are received or when they are receivable. unless Ihey relate to a specified future period in which case they are deferred. Capital grants are Iiansferred from reslri¢ted fvnds to designated funds on purchase of assets and Ihen release(J to general funds over the assels useful life upon commencement of depreciation. Voluntary income and other Incomlng resources Membership fees, course fees, donalions and other inwme are included in full in the SOFA when receivable. -28- YouthAction Northern Ireland Limited NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Ac¢ountlng policies (Contlnued) 1.5 Expondlture All expenditure is accounted for on an accrual basis and has been classified under headings that aggregale all costs related lo the category. IMere costs cannot be directty attributed to particular headings Ihey have been allocated to a¢tivilie$ on a basis consistent with use of the resour￿$. Charitable actlvltle• There include the salaries. dI￿¢t expenditure and ovefhead costs of running the various projects and programmes of the charitable company for the benefit of the young people involved. Govemance costs Govemance costs include those Incurred in the govemance of ils assets and are associated wlth constitutional. slalulory and slrategic requirements. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Oepfecialion is recognised so as to write off the cost or valuation of assets less their residual values over thelr useful lives on the following bases.. Freehold land and buildings Fixlures and fittin9S 2% reducing balance 12.5_50¢A reducing balan Freehold land is not depreci8led. The gain or loss arising on Ihe disposal of an asset is deterfflined as the differen￿ belween the sale proceeds and the carrying value of the assel. and Is recognlsed In the statement of financial aclivrtie8. 1.7 ImpaSrmont of fix•d a$sots Al each reporting end dale, the Charity reviews th8 carrying amounts of ils tangible assels to delermine whether there is any indicalion Ihal Ihose assets have suffered an impairment loss. If any such indication exists, the recoverable amount of th8 assel is eslimaled in order to delermine Ihe extent of Ihe impairment loss (if any). 1.8 Stocks Stocks a￿ stated al the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and. where applicable. direct labour costs and those overheads that have been incurred in bringing the stocks lo their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacemenl Cost and cost. Nel realisable value is the estimated selling price less all eslimaled cosls of completion and costs lo be incurred in marketing, selling and dislribution. 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held al call with banks. other short-term liquid investments with original malurilies of three monlhs or less. and bank overdrafts. Bank overdrafis are shown wilhin borrowings in current liabilities YouthAction Northern Ireland Llmlted NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcles (Contlnuèd) 1.10 Flnanclal instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instrumenls, and Section 12 'Olher Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the contraciual provisions of the instrument. Financial assets and liabilities are offsel. with Ihe nel amounts pres8nted in the financial statements, when th8re is a legally enforceable right lo set off the re¢ognised amounts and ther6 is an Intenlion to settle on a nat basis or to realise the asset and selt18 Ihe liability simultaneously. Baslc flnancial assets Basic financial a5sels, wh￿h indude debtors and cash and bank balances. are initially measured at transaction price including transaction cosls and are subsequently carried at amortised cosl using ihe effective interest method unless the arrangement constitutes a financing transaction, where the Iransaclion is measured at the present value of the future receipts discounted at a market rate of interesl. Financial assets dassified 8s receivable within one year are not amortised. Ba$1¢ flnanclal Ilabllltles Basic financial liabilities. including creditors and bank loans a￿ Initially recognlsed al transaction price unless Ihe arrangement ¢onstitules a financing iransaclion, where the debl inslrumenl is measured al Ihe Present value of Ihe fulure payments discounted at a market rate of Interest. Financial liabilities Classified as payable within one year are not amortised. Debt instrumenls are subsequently carr*d al amortised Cost, using the effective interest rate method. Trade credilors are obligations to pay for goods or seNices that have been acquired in the ordinary course of operations from suppliers. Amounts payable afe classified as current liabililies if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade Gfedilors are recogni5ed initially at transaclion piice and subsequently measured at amortised cost using the effective interest method. Derecognltlon of financlal Ilabllltles Financial liabilities are derecognised when the chafily's contractual obli9alions expire or are discharged or cancelled. 1.11 Employee beneflts The cosl of any unused holiday entillemenl is recognised In the period in which the employee's services are Teceived. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or lo provide lermination benefits. 1.12 Retlrement benefits Payments lo defined conlribulion retirement benefit Schemes are charged as an expense as they fall due. YouthAction Northern Ireland Limited NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Crltleal accountlng estlmatos and Judgemenis In the application of Ihe charily's aC￿unting poliaes. the trustees are requir8d to make judgements. estimates and assumptions about the carrying amount of assets and liabilities Ihat are nol readily apparent from other sources. The eslirnales and assoualed assumptions are based on hislorical experience and other factors that ar& ￿nSIdered to be r818vanl. Actual Tesulls may differ frorn these estirnales. The eslimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimales afe recognised in the period in which the eslimate is revised where the revision affects only that period, or In the period of the revision and futUTe periods where the revision affects both current ond future periods. There are no critical accounting eslimales and or judgeménts. Income from donations and l•94cl Re8lrlctod fvnds 2023 Restrlcted fundj 2022 Grants 2.630,314 2,570,715 Grants r•¢•lvable for core actlvltle8 Education Aulhorily Ilnfraslructure> Others 124.661 2,505,653 87,558 2,483,157 2,630,314 2,570.715 Induded wilhln other grants is Income relating lo the DLUHC grant from the UK Shared Piosperily Fund whith includes income received on behalf of partner charittes which is due lo be paid out. Charltable actlv5tle8 Unre8trlcted Restrlcted fundg fund8 Total Unreslricled Restricted funds funds Total 2023 2023 2023 2022 2022 2022 Donations and events Membership Fees College Square North Training and Accredialion Other Income 40,812 15.116 6.086 55,928 6.086 38,286 37.994 80,348 12.292 339 68,138 47,741 26,375 12.170 5,122 24,462 5,461 68,138 47,741 61,808 38,286 37,994 11.966 68.382 35,433 Other Irading activities 129,058 89.584 218,642 154,885 52.725 207,610 31 YouthAction Northern Ireland Llmlted NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable actlv115es Staff Costs 2023 Other Doproclatlon 2023 2023 2023 2022 Youth Work and $epiice$ Infrastructure to support youlh work College Square North 1.129,478 1,636,198 187,000 89.597 131,841 23,513 2,765,678 2,419,387 276.597 274,475 223.880 183.755 88.526 1,448.319 1,749,308 68,526 3,266,153 2,877,617 Analysls by fund Unrestricted funds Restricted funds 218,320 183.756 3,047,833 2,693,861 3,266,153 2,877.617 -32- YouthAction Northern Ireland Limlted NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of grant Income Deferred at $lart of year In¢ome Deferred Recelved Income 2023 2022 Rgstrlcted funds Infra8tructure grant Education Authority - InfTastructurelRegional Slralegic Funding 20,000 104,661 124.661 87,558 Total gen•ral grnnt In¢om• 20,OCrf) 104,661 124,661 87,558 Re8trlct•d funds Youth work project grants Northern Ireland Office Awards for All EA Smashing Reglonal - Summer Programme Department for Communities Job Start Scheme Phoneix Nalural Gas Sl James Place Valero Energy Ltd (Texaco) Belfast City Councll (BCC) - Mulli Annual Funding Arts Council lor Nl - National Lotlerylslability & Renewal Granvsmall capital equipment Ulster Garden Villages Community Foundatk)n Nl Ulster Universily Art Works 08partment for Levelling Up UKSPF Shared Prosperity Garfield Weston Foundation Youth Empowered Coca-cola HBC Department for the Economy (ESF) 2018 2022 Project 219435 Fermanagh and Omagh Distrid Council Newry MouTne & Down Dislricl Council OCCNI Deparlmenl of Foreign Affairs and Trade (Anti Sectarian fund) Shared Island EA Regional D8velopment Funding Co-op Foundation Armagh, Banbridge Craigavon Council National Lollery Fund10 10272766 Action Mental Health (ESF) Newry. Mourne & Down Dislricl Council piv EA Life Skills Peace IV 4.2 R8gional PIV4182 63,500 10,000 10,000 (8,574) 7,575 3,000 3,000 2,500 4,000 4,000 4.000 29,700 29,700 43,200 41,384 41,384 49,013 17,500 2,371 21.919 309,960 21,125 21,125 1.613,469 30.000 10,000 1,613,469 30.000 10,000 30,000 45,000 7.000 8,400 5,000 113.873 8.400 5.000 3.000 120,873 8,400 10,000 3,000 380,030 8,4CK) 10,000 3,000 (8,400) 50,888 83,014 140 (59,903) 73,999 140 55,962 34,090 35,000 8.757 50.000 30,757 30,000 4,500 5,704 34,500 5,704 2,595 2.595 11.284 19,509 251.185 19,509 251,185 237,180 YouthAction Northern Ireland Limited NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Analy818 of grant Income (Contlnuod) Paul Hamlyn Foundation Peace IV 4.2 Regional PIV4111 Peace IV 2.1 C&YP PIV4016 EA Regional Development Funding Cara Friend UK Youth Inspire Peac8 Summil The Ireland Funds British scien￿ Foundation Greyslone 30,000 24.000 54.000 39,000 161,695 548,370 88,409 41,309 66,127 15,300 602 39,921 50,000 5,292 18,122) 18.770) 31,773 5,292 21.203 (8,770) 31,773 29,325 7,181 59.572 50,0(H) (7,181) 59,672 so,000 Total youth woik gran15 167,794 2,413,343 (75,484) 2,505.653 2,483.157 Total reslricled income 187,794 2,518,004 (75,484) 2,630,314 2,570.715 Included wilhin other grants is income relating to Ihe DLUHC grant from the UK Shared Prosperity Fund which includes income received on behalf of partner charities whith is due to be paid out Net movement In fund8 2023 2022 The net movernenl in fund5 15 stated after chargingl(crediling): Depreciation of owned tangible fixed assets 68,526 64,407 YouthAction Northern Ireland Limlted NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Tru8teo8 None of the trustees (or any persons connected with Ihern) received any ￿m￿neratIOn or benefits from the charity during the year. Employ•¢g The average monthly number of employees duiing the year was: 2023 Number 2022 Number Full Ilme youth work slaff {incl managers and youth workers) Part time youth workersl Inlerns Administrative slaff 28 31 Tolal 41 Employment C08ts 2023 2022 Wages and salaries Social securily ¢osIs Other pension Costs 1,265,109 124,718 58,492 1,332,063 130,309 60,861 1,448,319 1.523,233 The total arnount of employee benefils received by key management personnel in Ihe period was £623.358 (2022.. £322,801). The key management personnel ol the Company comprises 10 members of staff {2022'. 81., the CEO, Assistant Directors, Project Manager, Development Manager, Programme Manager, Flnance Managei, QualilyAssuran¢e Manager, Membership Development Manager and the Nurturlng Leadershlp Manager. The number of employees whose annual remuneration was more than £80,OCM) is as follows: 2023 Number 2022 Numbor £60.000 - £70.000 £70.000 - £80.0 £80.000- £90,000 10 Taxatlon The Charity is exempt from laxalion on its activities because all ils income is applied for charitable purposes 35- YouthAction Northern Ireland Limited NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Tanglble flxed assets Frnehold land Flxtur•• and and bulldlng• Ilttlngs Total Cost At 1 January 2023 Additions 3,235,992 6,215 503.773 3,739,765 10.341 16,556 At 31 December 2023 3,242,207 514,114 3,756.321 Deproclatlon and 1mpa1rn￿nt At 1 January 2023 Depreciation charged in the year 773.636 40,205 423,965 1.197.601 28,321 68.526 Al 31 December 2023 813.841 452,286 1,266,127 Carrylng amount At 31 December 2023 2.428,366 61,828 2.490,194 At 31 December 2022 2.462,356 79,808 2.542,164 12 Sto¢k$ 2023 2022 Finished goods and goods for resale 279 279 13 Debtors 2023 2022 Amounts falllng duo within on• yoar: Other debtors and accrued income Prepaymenl 726,611 3,032 1,140.034 8.365 729,643 1,146,399 14 Creditors: amounts falllng due wlthln one year 2023 2022 Accruals and deferred income 208.853 846.835 15 Retirement bènefit schemes 2023 2022 D•fin•d ¢ontrlbulion schemes Charge Io Profit or loss in resped of defined contribution schemes 58.492 60,861 YouthAction Northern Ireland Limited NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Retlrement benefit scheme$ {Contlnuedl The charity operates a defined conlribulion pension scheme for all qualifying employees. The assets of the scheme are held s8parately fiom thos8 of the charity in an independenlly administered fund. 16 Restricted fund8 The restricted lunds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific condilions by donors as lo how they may be used. At 1 January 2023 Incomlng R•$ource8 resource8 expended Transfers At31 December 2023 Cenlral Servlces Youth Arts Youth Works 37,991 169,428 2.512,479 (223.103) (276,596) {2,548,133) 185,112 106,767 402 414,924 379,270 415,326 2,719,898 (3.047.833) 291,879 379.270 Prevlou8 year: At 1 January 2022 Incomlng resources Resources ¢xpended Transfern At31 Decembpr 1022 Central Services Youth Arts Youth Works 34,CE6 158,852 274.475 2,190,113 {228.086) (274,074) (2,191.701) 35,188 401 414,925 416,513 450.579 2,623.440 (2.693.861) 35,168 415,326 Cenlral SeTvlce8: provision of the infrastructure support lo youlh work and Inlormalion and insurance services to members. Transfers represent the general fund contribution to central services. Youth Arts: performance and artislic opportunities for young people. underpinned by youth work. Youth Work: The 4 outcomes Ilhematic pillars) to be achieved for youn9 people, Ihrough a wide portfolio of programmes, are.. 1. Build and impiove their heallh well-being. 2. Increase their creative expression; 3. Improve Iheir lile and work skills., and 4. Demonstrate leadership, activism and peace-building Unspent restricted reserves relate to timing, with receipts in advance of project expenditure . all funds are used in line with funders agreement. -37- YouthAction Northern Ireland Llmited NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 D￿Ignated funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unresttided funds by Ihe Iruslees for Specif￿ purposes. Movement In funds Incomlng R•8our¢•• rnsour¢o• expgnded Balance at l January 2023 Tran•feff8 Balance at 31 Docombor 2023 General Designated 1.021,029 2.542,164 129.058 1218,320) (239,909) 691,858 (51,970) 2.490.194 3.583,193 129.058 (218.3201 1291,879) 3,182,052 Designaled funds represenl granls and fundlng received lor fixed assels, primarily represenling the youth resource facilbty at College Square North. These funds are released in line wilh depreciallon over the life of the building. TransfeTS rèpresent general funds used to acquire lan9ible ass&ts. 18 Analy81s of net assets between fund¥ Unre8trlcted fundg 2023 Restrict•d funds 2023 Total 2023 At 31 Decembèr 2023: Tangible assets Current assetsl{liabililies) 2,490.194 691.858 2,490,194 1,071,128 379.270 3,182,052 379.270 3,561,322 Unrestrlcted funds 2022 Re8trlcted funds 2022 Total 2022 At 31 December 2022: Tangible assets Current asselsl(liabilities) 2,542,164 1,021,029 2,542,164 1.436,355 415,326 3.563.193 415.326 3,978,519 19 Related party tran8actlon$ There were no disclosable related party tiansactions during the year (2022 - none). YouthAction Northern Ireland Llmlted NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Cagh generated from operatlons 2023 2022 Deficil for the year (417,197) (99,292) Adjustments for.. Depreciation and impaiTment of tangible fixed assets 68.528 64.407 Movements in working ¢apilal'. Decrease in debtors (Decrease) in creditors 416,754 (637,9821 267.692 (384.2501 Cash absorb•d by op•ratlons <569.899) (151.443) -39.