Charity reglstration number NIC107573 Seagoe Youth Group Annual Report and Unaudited Flnanclal Statements For The Year 31 March 2025
Seagoe Youth Group Contents Pag8 Legal and Administrative Information Trustees, report 24 Independent examlner's report Statement of financial activities Balance sheet Notes to the financial statements 8-12
Seagoe Youth Group L8gal and Administrative information Trustees Rev T Cadden (Chairperson) J Thornbury (Vice Chairperson) N Turkington (Treasurer) J Ruddell P Mccusker Mcclurg Rev S Moles P Richardson C Bowles C Draffin Charfty number NIC107573 Prlnclpal Address 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 Page 1
Seagoe Youth Group Trustees. report For The Year Ended 31 March 2025 The trustees present their annual report and the unaudited financial statements for the year ended 31 March 2025. 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 Snd 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)" (effective 1 January 2019). Objectives and actlvit588 The objects of Seagoe Youth Group is to promote citizenship 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 specified by the Education Authority. The purpose is to equip young people up to age of 25 with a set of core values, skills and dispositions 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, ethnicity and religion, and be advocates of tolerance, respect and mutual understanding,. see their place as valued members of 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 responsibility within the charity or in any other setting. To the above ends, the charity was established to disseminate, 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 individual and group interactions within the setting of Seagoe Youth Group and beyond, including residential experiences. Activities are delivered through open access youth clubs six nights a week. Drop-ln sessions 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 skills; improved health and wellbeing., active citizenship. and increased participation. After school homework support is available 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 The Year Ended 31 March 2025 Achievements and performance During the year to 31 March 2025 the charity received funding from the Education Authority (EA), Armagh, Banbridge and other donations. Membership for the 2024125 year was 606 young people, 9-13 {426) 14-18 (180) As an approved Duke of Edinburgh's Award Centre, those aged 14-25 years can Improve skills and increase life chances and employability through the biggest youth award scheme in the UK. In 2024125 there were 57 active participants aiming for accreditation at Bronze, Silver and Gold. Quarterly moderalion reports by the EA have recognized our work as 'standards met, in all areas this year Including outcomes for learners, quality of provision and leadership and management. "The strategic vision of Seagoe has provided a focused and enthusiastlc team who have undoubtedly placed the needs ofchildren and young people at the heart of the provision. The caliber of programmes on offer provided coherent response to the needs prevalent within the catchment area of Seagoe (Killicomaine), encompassing an outcomes framework focused on building the individual- enhancing personal capabililies through the medium of Duke of Edinburgh, providing drop-in's session to ensure safety and stabilily while implementing the "Think" model that supports members through targeted programmes based on need. All safeguarding prosseS are visible on the wall when entering the centre, and appropriate procedures are in place when dealing with Child protection concerns. All staff have been suitably vetted and volunteers have completed the recommended introduction to child protection. Staff are aware of the safeguarding processes as this was discussed during the moderation and appropriate risk assessments are in place and filed accordingly. Seagoe has implemented a robust reporting system that gathers evidence to complete not only the target monitor but to report on the developmental pathway for young people engaged within the provision. Critical self- reflection was discussed and evidence of this could be seen in nightly reportslde-brief with staff and volunteers, All evidence asked for in the visit notification was readily available during the moderation. The flavour of conversations with stafflvolunteers and young people put into perspective what a valuable and much needed service Seagoe is providing within a community that has endured a long legacy and history of trauma. Seagoe is providing a safe space for children and young people to flourish and this was extremely visible on the night., Paddy Hughes- Education Authority. Flnanclal 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 £5.848. Accumulated funds consist of unrestricted funds of £80,137 and restricted funds of £888. Reserves Seagoe Youth Group has set a resenies policy which requires: reserves to be maintained at a level of £50,000, which ensures that the core activity of the Seagoe Youth Group could continue during a period of unforeseen difficulty,. and a proportion of these reserves have to be maintained in a readily realisable form. The calculation of the required level of reserves is an integral part of the planning, budget and forecast cycle of the charity. It takes into account.. risks associated with the stream of income and expenditure being different from that budgeted., planned activity level., and Page 3
Seagoe Youth Group Trustees, report For The Year Ended 31 March 2025 Commitment to beneficiaries Structure, governanc8 and management. The charity is governed by its constitution dated 29 September 2020. The charity was registered with the Charity Commission for Northern Ireland on 19 March 2021 The trustees who served during the year and up to date of signature of the financial statements were as follows.. Rev T Cadden (Chairperson) J Thornbury (Vice Chalrperson) N Turkington (Treasurer) J Ruddell P Mccusker B McClur8 C Bowle5 Rev S Mole5 P Richardson Organlsatlon The day to day running of the charity is overseen by the trustees. Principal addr8SS'. 145 Princess Way Portadown Co Armagh BT63 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 accordance 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(9){b) of the Charities Act; and state whether particular matters have come to my attention. Basls of Independent examlner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination 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 revlew of the accounting records kept by the charlty and 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 concernlng 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 Charities Act that the accounts do not accord with those accounting records that the accounts do not comply with the accounting requirements of the Charities Act that there is further information needed for a proper understanding of the accounts to be reached. Independent 8xamlner'$ Statement 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 given by the Charlty Commission for Northern Ireland, I have found no matters that require drawing to your attention. Aaron Abraham. ACCA 3 Appleton Lodge Portadown Co Armagh BT63 5ZG olIlL Page S
SEAGOE YOUTH GROUP STATEMENT OF FINANaAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE Accoupir YEAR ENDED 31 MARCH 2025 Unrestrlcted Funds 2025 Restrlcted Funds 2025 Unrestricted Funds 2024 Restrlcted Funds 2024 Total 2025 Totsl 2024 Income From Donatlons and legacle5 CharStable activltles Other tradlng actlvltes 3.000 3.000 95,351 16,171 3.000 1.552 14.714 3,0¢ 165,895 18,180 95,351 164,343 3,466 16,171 Total Income 19.171 95,351 114,522 19,266 167,809 187,075 Ex endture on: Charitable actlvltes 13,323 95,351 108,674 12634 163330 175,964 13,323 95,351 108,674 12,634 163,330 175,964 Net Incomellexpendlturel for the yearl Net movement un funds 5,848 5,848 6,632 4,479 ii,iii Fund Balances at l Aprll 2024 74,289 889 75,178 63,625 5,594 69,219 Fund Balances at 31 March 2025 80,137 888 81,025 63,625 5,594 69,219 Page 6
SEAGOE YOUTH GROUP BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Current Assets Debtors Cash at bank and In hand 10,513 64,665 81,025 Net current assets 81,025 75,178 Income funds Restrlcted funds Unrestrlcted funds 889 80,136 890 74,288 81,025 75,178 The flnanclal statements were approved by the trustees on Rev T Cadden Trustee Page 7
Seagoe Youth Group Notes to the financial statements For the year ended 31 March 2025 l. Accountlng policies Charity Informatlon Seagoe Youth Group is a charity, registered with the Charity Commission in Northern Ireland. Its principal address is 145 Princess Way, Portadown, Craigavon, Co Armagh, BT63 SEL. 1.1 Accounting 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 Ireland" {'FRS 102") and the Charities SORP "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) (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Ststement of Cash Flows, The financial 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 applying 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, which is the functional currency of the charity. Monetary amounts in these financial ststements are rounded to the nearest £. The financial statements have been prepared under the hlstorical cost ¢onvention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity 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 preparing the financial statements. 1.3 Charitable 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 perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Page 8
Seagoe Youth Group Notes to the financial statements For the year 8nd8d 31 March 2025 Cash donations are recognised on receipt. other donations are recognised once the charity has been notified 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 othetwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. Ifthe amount is not known, the legacy is treated as a contingent asset. 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits wlll be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each actlvity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one acb'vity 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 time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash equlvalent8 Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Baslc flnancial asset8 Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of Ihe future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Baslc flnanclal liabllitles Basic financlal liabilities, Including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities Glassified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment 15 due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltlon of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or canlled. Page 9
SEAGOE YOUTH GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2 Donatlons and Legacles Unrestrlcted funds Unrestrlrted funds 2025 2024 Donatlons and glfts 3,000 3,000 3 Charltable Act5vltles 2025 2024 Educatlon authorlty gra nt Educatlon authority property expenses grant Other grants 93,000 617 1,734 91,844 47,279 1,570 95,351 140,693 Analysls by fund Unrestrlcted funds Restrlcted funds 570 140,123 95,351 95,351 140,693 Page 10
SEAGOE YOUTH GROUP NOTES TO ThE FINANCIAL STATEMENTS FOR THE Year Ended 31 March 2025 4 Other Income Unrestrlcted Funds 2025 Restri¢ted Funds 2025 Unrestrlcted Funds 2024 Restrlcted Funds 2024 Total 2025 Totsl 2024 Rent Sundry income Employment Allowance 3,783 1,062 2,066 3,783 1,062 2,066 3,535 781 2,021 3,535 1.021 2.021 240 Admlsslons and tuckshop 9,260 9,260 7,203 7,203 Other actlvltles 16,171 16,171 13,540 240 13.780 5 Charitsbl• actlvltles 2025 2014 Staff costs Property expenses Group actlvlty expenses Heat and158ht Telephone Insurance Water rates Olher expenses Repalrs, renewals and equlpment Bank fees Donatlons Grant repayment5 66,014 617 13.616 51,512 47,278 14,973 3,339 10,344 83,586 124,107 Share of support $tS (see note 61 Share of governan w5ts lsee note 61 24,736 250 27,156 250 108,572 151,513 Analysls byfvnd Unrestrlcted funds Restrlrted funds 13,323 95,351 6,446 145,067 108,674 151,513 Page 11
SFAGOEYOUTH GROUP NOTES TOTHE FINANaAL STATEMENf5 FOR THEYear Emled 31 M4r¢h 2025 6Support Costs Support Cv5t5 Governan Costs 2025 Support osts Z024 Governance Costs 2024 Total 2025 Total IOZ4 2025 Staff Costs Repalrs, renewals and equlprnent Heat and Ilghr Telephorye Insurance Water Rates Office expenses Bank Fees 13.262 449 5.016 1,144 2.152 665 1,800 248 13,262 449 5,016 1,144 2,152 665 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 Accountancy 250 250 250 250 24,736 250 24,986 17,156 250 27,4(kS Analysed be¢v4een Charitable artlvltles 24,736 250 24,986 27,156 2S0 27.406 7Tru5te•5 None ol the trustees lorany persons connected wlth them) rected any remuneratlon or beneflts from the £harlty durln8 the year. 8. Employee5 The avèrn8e monthly number of employees durlrb8 tht yiar was., 20Z5 Nymber 2024 Number li Empk+ym•nt ¢0519 2024 2024 Wages and silarle5 79,276 68,179 Page 12
SEA60EYoimrGROUP NOTESTOIHE FINANaALSTATEMENTS ForTheYe4r Ended 31 Marth 2025 g Anatys15 of netassèts bètween funds Unrtstrfrted Funds 2025 Restrftted Funds UnstriCted Funds 2024 Re5tritted Fund5 2024 Total Totsl 2024 Fund balances at31 March 2025 re represented by.. Current assetsllllabllltlesl 80.136 81P25 74.288 890 75,178 80,136 81mS 74,288 75,178 ReMrfcted fund5 bala[e represents monles recefved In repsect ol ongolng pro8rams and prolects. 10 Related party tran£actknns There were no dlsclosabl• related pajy tr&Tr5artlons durlng th•yt•r12024. none). Page 13