Charlty registration number NIC107573 Seagoe Youth Group Annual Report and Unaudlted Flnancial Statements For The Year 31 March 2Q24
Seagoe Youth Group Contents Pago Legal and Adminlstrative Information Trustees, report 24 Independent examiner's report Statement of financial activities Balance sheet Notes to the financial ststements 8-13
Seagoe Youth Group Legal and Admlnl8tratlv6 informatlon Trustses Rev T Cadden (Chairperson) J Thornbury (Vice Chairperson) N Turkin9ton (Treasurer) J Ruddell P Mccusker A W81sh Rev S Moles P Richardson N Johnston C Draffin C Bowles N Robinson Charlty number NIC107573 Prlnclpal Addra88 145 Princess Way Portadown Co. Armagh BT63 SEL Independent Examlner A Abraham 3 Appleton Lodge Portadown Armagh BT63 5ZG Bankers Ulster Bank Limited 20 High Street Portadown Co. Armagh BT62 1HU Pago 1
Seagoe Youth Group Truste8s' report For The Year Ended 31 March 2024 The trustees present their annual report and the unaudited financial statements for the year ended 31 March 2024 The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Constitution, the Charities Act 2008 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl8 in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019}. Objectlv88 and actlvitles The objects of Seagoè Youth Group is to promote citizenshlp and the all-round education of Its members through the spiritual, social, moral and physical development of young people from the greater Portadown area and any other area speclfied by the Education Authority. The purpose is to equip young people up to age of 26 with a set of core values, skills and dlspositlons that will enable them to.. feel valued as individuals and as contributing members of social groups in respectful, safe and purposeful environments; have an understanding and respect for difference in terms of gender, sexuality, ethnlcity and religion, and be advocates of tolerance, respect and mutual understanding,, see their place as valued members cf the greater Portadown community, and be responsive to societal issues such as conservation, safe environments, abuse and addiction,. and enhance their personal leadership qualities to take up roles of re8ponsibility within the charity or in any other setting, To the abova ends, the charity was establlshed to dlsseminate, through a team of paid and voluntary youth workers, good practice and positive role modelling appropriate to the needs and interests of young people, and to engage with them in a range of specific programmes and indlvidual and group interactions within the settlng of Sea9oe Youth Group and beyond, including residential experiences. Activities are delivered through open access youth clubs six nights a week. Drop-in sesslons are targeted at three different age groups 8-11, 12-14 and 14+ years. Targeted programmes have been designed and delivered by the youth work team in the THINK model aimed at delivering on six youth work outcomes: improved relationships with others,, enhanced personal capabilities., development of thinking, life and work skill8,' improved health and well being. active citizenship,. and increased participation. After school homework support is avallable each Monday for primary school age children. The trustees have paid due regard to guidance issued by the Charity Commission for Northern Ireland in deciding what activities the charity should undertake. Page 2
Seagoe Youth Group Trustees, report For Thè Year Endfrd 31 March 2024 Achlevements and performance During the year 2023 to 31 March 2024 the charity received funding from the Education Authorlty (EA), Armagh, Banbridge and Craigavon Borough Council and other donations. Membership for the 2023124 year was 436 young people, 8-13 118, 14+ 318, Durlng thls fundlng year the organisation ran alongside drop in provision a total of 18 targeted programmes under the following themes Learning and achieving Living in safety and stability (CSE educatlon Invlslble traffic) Participation (ambassadors leadership programme) Environment and climate change Health and wellbeing Participative structure Incluslon diversity equality of opportunity and good relations These targeted pieces were delivered to a total of 294 partlclpants over the fundlng year. As an approved Duke of Edinburgh's Award Centra, those aged 14-25 years, can improve skills and increase life chances and employability through the biggest youth award scheme in the UK. In 2023124 34 active participants aiming for accreditation at Bronze, Silver and Gold, The Education Authority Local Area Based Funding Specification for April 2021 March 2023 outlines programme of targeted youth work to be delivered at Seagoe Youth Group. We have taken the six areas of action and designed our own youth work delivery model to unify the themes of targeted work set out in the EA Local Area-Based Funding Specification. Seagoe Youth Group has developed the 'THINK' Programme to unify the variety of youth work delivery outlined in the EA Spacification. Members in each age range gained the 'THINK' Programme certification for participation in group work. Quarterly moderation reports by the EA have recognized our work as outstandlng and Good in many areas including outcomes for learners, quality of provision and leadership and management. "The organisation has designed a model of delivery well matched to the needs of the young people, whlch they assess regularly and comprehensively Their 'THINK' programme also correlates closely to the entire Funding Opportunity for the area and is reflective of the moderation theme and focus. THINK- Is it true? Helpful? Inspiring? Necessary? Kind? encourages critical thinking and independence in the young people and the model themes eg. Think Inclusion, Think Nl etc are reflected in the programmes delivered and in the ethos of the provision. Young people are heavily involved in co-design with the ambassador's programme and regular contributions via surveys and focus groups. Programmes are differentiated to meet the broad needs of the young people. Different methods of outreach and detached are utilised throughout the year and 'new' young people are qulck to participate in provision. The scope of the curriculum is broad and varied and CRED is evident at many levels-new posters, designed internally, link the young people to CRED and inclusion themes, diverslty of membership is celebrated and encouraged-LGBTQ young people, BME young people and those from a range of religious backgrounds and with a range of abilities all participating on the night of the moderation." Mary MGGrath EA Pag• 3
Seagoe Youth Group Trustees, report For Tha Year Ended 31 March 2024 Financlal revlew The charity's financial results are set out In detail on pages 5-12. There is an overall surplus of funds for the year of £5,960. Accumulated funds consist of unrestricted funds of £74,289 and restricted funds of £889. Organ18atlon The day to day running of the charity 18 Overseen by the trustees. Principal address.. 145 Princess Way Portadown Co Armagh BT83 SEL Charity Registration No.. NIC 107573 This report was approved by the board of trustees. Rev T Cadden Chairperson Date Page 4
Seagoe Youth Group Independent Examiner's report To The Trustees of Seagoe Youth Group As the charity's trustees you are responsible for the preparation of the accounts in accordan with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65(91(b) of the Charities Act; and state whether partlcular matters have come to my attention. Ba818 of Independent examlner'8 report I have examined your charity accounts 8s required under section 65 of the Charities Act and my examinatlon was carried out in accordance with the procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. My examinatlon Included a review of the accounting records kept by the charity 8nd a comparision of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: that accounting records were not kept In accordance with section 63 of the Charltles Act that the accounts do not accord with those accounting records that the accounts do not comply with the accountlng requirements of tha Charitles Act that there is further information needed for a proper understanding of the accounts to be reached. Independent examlnor's statem•nt I have completed my examination and have no concerns In respect of the matters (1 } to {4} listed above and, in connection with following the directions glven by the Charity Commlssion for Northern Ireland, I have found no matters that require drawing to your attention. AAkn Aaron Abraham. ACCA 3 Appleton Lodge Portadown Co Armagh BT63 5ZG Page 5
SEAGOE YOUTH GROUP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT YEAR ENDED al MARCH 2024 Unrestrirted Funds 2024 Restricted Funds 2024 Unrestrirted Funds 2023 Restrlcted Funds 2023 Total 2024 Total 2023 ncome From Donations and le8a¢les Charitable activities Other trading attivites 3,000 570 13,540 3,OC 140,693 13,780 3,000 1,552 14,714 3,000 165,895 18,180 140,123 240 164,343 3,466 Total Incomé 17,110 140,363 157,473 19,266 167,809 187,075 Ex endture on.. Charitable actlvltes 6,446 145,067 151,513 12634 163330 175,964 6,446 145,067 151,513 12,634 163,330 175,964 Net Ineom41l•xp•ndlture) for the year/ Net movement un lunds 10,664 .4,704 5,960 6,632 4,479 ii,iii Fund Balanees at l Aprll 2023 63,625 5,594 69,219 56,993 1,115 $8,108 Fund Balarrces at 31 March 2024 74,289 889 75,178 63,625 5,594 69,219 Page 6
SEAGOE YOUTH GROUP BALANCE SHEET AS AT 31 MARCH 2024 2024 202a Notes Current Ass•ts Debtors Cash at bank 3nd In hand 10,513 64.665 69,219 Net currert assets 75,178 69,219 Income funds Restrlrted funds Unrestrlcted funds 890 74,288 5,595 63,624 75,178 69,219 Th• ftnanclal statements were approved by the trustees on Rev T Cadden Truste* Page 7
Seagoe Youth Group Notes to the flnanclal statements For the year •nd8d 31 March 2024 1. Accounting policies Charlty Informatlon Seagoe Youth Group is a charity, reglstered with the Charity Commission in Northern Ireland. Its principal address is 145 Princess Way, Portadown, Craigavon, Co Armagh, BT63 SEL. 1,1 Accountlng conventlon The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2008, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Sreland. {"FRS 102") and the Charities SORP Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparlng their accounts in accordance with the Financial Reporting Standard 8pplicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102, The charity has taken advantage of the provisions in the SQRP for charities not to prepare a Statement of Cash Flows. The fi'nancial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applylng FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn, The financial statements are prepared in sterling, whlch is the functlonal currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The tlnanclal statements have been prepared under the historical cost convention. The principal 8ccounUng policies adopteé are set out below, 1.2 Golng ¢oncorn At the time of approvlng the financlal statements, the trustees have a reasonable expectation that the charlty has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting In prep8rin9 the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements, Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income wlll be received. Page 8
Seagoe Youth Group Notes to the flnanclal statements For the year ended 31 March 2024 Cash donations are recognisad on receipt. Other donations are recognised once the charity has been notlfied of the donation, unless performance conditions require deferral of the amount, Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditur8 Expenditure is recognised once there is 8 legal or constructive obligation to transfer economic benofit to a third paty, it is probable that a transfer of economic benefits will be required In settlement, and the amount of the obligatlon can be measured rellably. Expenditur8 is classified by a¢tivlty. The costs of each activity are made up of the total cf direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to single activity are allocated directly to that activity. Shared costs which contribute to more than one a¢tivity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of tlme spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash equlvalents Cash and cash eguivalents include cash in hand, deposlts held at Call with banks, other short-term liquid investments with original maturities ofthree months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Basic flnancial assets Basic financial assèts, which include debtors and cash and bank balances, ara initl8lly measured at transaction price including transaction costs and are subsequently carried 8t amortised cost uslng the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Ba81c flnanclal Ilabllltleg Basic financi81 liabilities, includ ing creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financin9 transaction, where the debt instrument is measured at the present value of the future payments dlscounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors 8re obligations to pay for goods or services that have been acquired in the ordinary course of operations from 5upplier5. Amounts payable are classified as current liabilities if payment is due withln one year or less. If not, they are presented as non-current liabilities. Trade creditor5 are recognised initially at transaction price and subsequently measured 8t amortised cost using the effective interest method. Der&cognition of financial liabilities Financlal Ilabilitie3 IFe dere.cognised wh8n th@ charity's contractusl obligations @xpiré or 8r@ Oiscn8rge(l or cancelled. Page 9
SEAGOE YOUTH GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2 Donatltsns and Legacles Unrestrlcted funds Unrestrlcted funds 2024 2023 Donatlons and glfts 3,000 3,000 3 Charltable Actlvltles 2024 2023 Educatlon authorlty grant Educatlon authorlty property expenses grant Other grants 91,844 47,279 1,570 159,566 277 6,052 140,693 165,895 Analysls by fund Unrestrlcted funds Restrlcted funds 570 140,123 1,552 164,343 140,693 165,89S Page 10
SEAGOE YOUTH GROUP NOTES TO THE FINANCIALSTATEMENTS FQR THE Year Ended 31 March 2024 4 Other Income Unrestrlrted Funds 2024 Restrfrted Funds 2024 Unrestrlrted Funds 2023 Restrl<ted Funds 2023 Total 2024 Totsl 1023 Rent Sundry income Employment A15owènce 3,535 781 2,021 3.535 1.021 2,021 3.412 1,169 s,oco 3,412 4,635 S,OCQ 240 3.466 Admissions and tuckshop 7,203 7,203 5.133 5,133 Other 8Cllvltle$ 13,540 240 13,780 14,714 3,466 5 Charltsble •rtlvltl•s 2024 20Z3 Staff costs Property expenses Group actlvlty expenses Heat and118ht Telephone Insurance Water rates Other expenses Repalis, renewals and •qulpm•nt Bank fees Donailons Grnnt repayment$ 51,512 47,278 14,973 85,201 277 52,056 10,344 1,464 124,107 138.998 Share ol support costs (see note 61 Share of 8overn•nce costs (see note 61 27,156 250 35.594 151.513 175,966 Analys1$ by lund Unrestricted funds Restrlcted funds 6,446 145.067 12,636 163.330 151,513 175,966 Page 11
SEAGOEYOUTH GROUP NOTesTO THE FINANCIAL STATEMENTS FOR THE YearEnded 31 March 2024 6 Support£osts Support Costs 20Z4 GOrnan¢t Support Costs 2023 Govern•nce Coms 2023 Totsl 2024 Tot•1 zozj staff Costs Repalrs, renewa15 and equSprnent Heat and118ht Telephone InsurarKe Water Rates Offlct expere5 Bank Fees 16,667 50 4,428 1,812 2,027 454 1,482 236 16,667 50 4,428 1,812 2,027 454 1,482 236 12.164 2,271 6,025 1,581 1,927 360 11,OOB 258 12,164 2,271 6,025 1,581 1,927 360 11,008 258 AccountanLy 250 250 1,374 1.374 27,156 250 27,406 35,594 1,374 36.968 Anatysed betwee Charltable athltles 27,IS6 2SO 27,4C 35,594 1,374 7 Trurtees None of the trustees lor any persons connoctid wlth them) reCefv any rernuneratlon or benoflts from the charfty durln8 the year. 8. Ernploye•s The I1•0e morthly number of employees durlng the yÈarwas'. 2024 Number Numb•r li employment ¢os¢s 2023 Wa8es and sakrles 68,179 97,365 Page 12
SEAGOEYOUTN GROUP NOTESTO THE FINANCIALSTATEMENT5 ForThe YearEndéd 31 Mah 2024 9 Analysls of net 055ets betwean funds Unrestrfrted Funds 2024 Rèstrkt•d Funds 2024 Unrestrlcted Funds 2D23 Restrlcted Funds 2023 Totsl 2024 Totsl 2023 Fund balance5 at 31 Mafth 2024 are represented by.. Current a5setsllllabllltlesl 74,288 75,178 63,624 5,595 69,219 74,288 890 75,178 63,624 5.595 69,219 Re$trlcted funds batsn¢e represents monles recelved In repsert of onioln8 pro8Tams and projects, 10 R•lat•d p•rty trnnmctlom There w•r• no dlsclos¥ble felated party tran$4rtlons durln8 the ye•r12023- none). Page 13