OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Building Me

2025-07-31-annual-report

BUILDING ME

REPORT OF THE BOARD OF TRUSTEES

FOR THE YEAR ENDED 31 JULY 2024

The Board of Trustees present their report and financial statements of the Trust for the year ended 31 July 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the Trust.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the Trust’s governing document, the Charities Ac (Northern Ireland) 2008, Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, and Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

REFERENCE AND ADMINISTRATIVE DETAILS

Reference and administrative details are shown in the schedule of Trustees of the Trust and professional advisers on page 1 of the financial statements.

TRUSTEES

The Directors of the Trust are its Trustees for the purpose of charity law. The Trustees who served the company during the year were as follows:

Stella Bolton Secretary Karin Eyben Ciara McClements Elizabeth McIlveen Paula McIntyre Gary Stewart

PUBLIC BENEFIT STATEMENT

The Directors of Building Me confirm that they have had due regard for the guidance on Public Benefit by the Charity Commission for Northern Ireland and are pleased to report that during the period the Trust continued to provide the Public Benefits through programmes and services on offer In particular, the directors consider how planned activities will contribute to the aims and objectives they have set.

Public Benefits

The direct benefits which flow from the objectives of Building Me are to create an environment with opportunities for young people to develop personally and gain skills and experience which will lead to employment opportunities which will benefit themselves, their families, and their community.

2 | P a g e

BUILDING ME

REPORT OF THE BOARD OF TRUSTEES (continued)

FOR THE YEAR ENDED 31 JULY 2024

PUBLIC BENEFIT STATEMENT (continued)

To inspire a passion and a sense of ownership for the local community and the environment. To develop a voice to shape their community as well as their futures. To connect with the visitors, which

their local economy is reliant upon; to develop a world class welcome and a shared vision for the protection of the environment and its surrounds.

The Trust lists its charitable purposes as:

OBJECTIVES AND ACTIVITIES

The principal objects of the Trust are as stated in the Memorandum of Association:

To create supportive, positive environments and opportunities for young people that nurture their well-being and potential and develop their skills and employability.

To inspire young people’s participation in and ownership of their local community, empowering them to effect change.

To develop positive stakeholder partnerships to ensure young peoples’ voices are heard and treated with respect.

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing Document

Building Me is a company limited by guarantee not having a share capital and avails of the use of ‘Limited’ exemption. The Company was incorporated on 02 July 2019. The Trust is registered with the NI Charity Commission as of 08 June 2020 - Charity No: 107572.

Organisational structure and related parties

Responsibilities for the activities of the Trust is vested in and carried out by a Board of Trustees which meets at intervals throughout the period. Trustees may be appointed by resolution of a meeting of the Board of Trustees. None of the Trustees receive remuneration or other benefit from their work with the charity. Any connection between a Trustee of the Charity with a contracted supplier must be disclosed to the full Board in the same way as any other contractual relationship with a related party. In the current year there are no such related party transactions to report.

3 | P a g e

BUILDING ME

REPORT OF THE BOARD OF TRUSTEES (continued)

FOR THE YEAR ENDED 31 JULY 2024

Recruitment, appointment, induction, and training

The Board of Trustees have been involved in the Trust since incorporation and so are familiar with its work. The Trustees regularly review the requirements of the Trust and the possibility of a need fo additional Trustees. Appropriate training and induction are available to all new Trustees.

Financial risk management objectives and policies

The Trustees have overall responsibility for ensuring that the Trust has in place an appropriate system of controls, financial and otherwise.

The Trustees have assessed the major risks to which the Trust is exposed, those related to the operations and finances of the Trust and are satisfied that systems are in place to mitigate any exposure to major risks.

ACHIEVEMENTS AND PERFORMANCE

The Company is a non-profit making organisation. Total income for the year amounted to £8,690 (2023: £20,633). Income derived from charitable activities amounted to £8,210, (2023: £20,633) and other income amounted to £480 (2023: £nil). Total expenditure for the year amounted to £5,056

The net income for the year amounted to £3,633, (2023: £19,211), with net assets on 31 July 2024 of £24,198 (2023: £20,565). The Trustees consider that the Trust is in a satisfactory position to carry on its charitable activities.

PLANS FOR FUTURE PERIODS

There are no major changes envisaged in the foreseeable future.

TRUSTEES RESPONSIBILITY STATEMENT

The Trustees (who are also the directors of Building Me for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 ‘‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’’.

The law applicable to charities in Northern Ireland requires the directors to prepare financial statements for each financial period which give a true and fair view of the of the Trust and of the incoming resources and application of resources, including the income and expenditure, of the Trus for that period. In preparing these financial statements, the directors are required to:

4 | P a g e

BUILDING ME

REPORT OF THE BOARD OF TRUSTEES

(continued) FOR THE YEAR ENDED 31 JULY

2024

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Companies Act 2006, Charities Act (Northern Ireland) 2008 and The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.

They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

INDEPENDENT EXAMINER

A resolution proposing K Higgins FCA to be re-appointed as independent examiner will be put forward at the Annual General Meeting.

SMALL COMPANY EXEMPTIONS

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Signed, By Order of the Trustees on 09 April 2025:

Registered office: Apt 5, Byron Halt Kinnegar Drive Hollywood BT18 9JT

Stella Bolton (Apr 9, 2025 16:52 GMT+1)

……………………………….

Mrs Stella Bolton

Trustee