Diverse Youth Nl Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrieted funds Restricted funds Total 2025 Note Ineome and Endowments from: Donations and legacies 2,500 288.656 291,156 Total income 2,500 288.656 291,156 Expendilure on: Raising funds (226,194) (226,194) Total expenditure (226,194) (226.194) Net income Transfers between funds 2,500 (65,022) 62,462 65,022 fv1,962 Net movement in funds (62,522) 127,484 64,962 Reconciliation of funds Total funds brought forward 65.022 (38,114) 26,908 Total funds carried forward 12 89,370 Restricted funds 91,870 Total 2024 Unreslricled funds Note Ineome and Endowments from: Donations and legacies 63,774 84,166 Total income 20,392 63,774 84,166 Expenditure on: Raising funds (101,888) (101,888) Total expenditure (101,888) (101.888) Net incomel(expenditure) (38,114) (17,722) Net movement in funds (38.114) (17,722) Reeoneiliation of funds Total funds brought forward Total funds carried forward 12 65.022 (38,114) 26,908 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdoThm for 2024 is shown in note 12. The notes on pages 10 to 20 fom) an iniegrdl part of these financial slatements. Page 8
Diverse Youth Nl (Registration number: N1688622) Balance Sheet as at 31 March 202) 2025 2024 Note Fixed assets Tangible assets 7.655 10,207 Current assets Debtors Cash at bank and in hand (15) 17,286 10 84,845 84,845 17,271 Credilors: Amounts falling due within one vear (630) (570) Net eurrent assets 84,215 16,701 Net assets 91,870 26,908 Funds of the charity: Restricted income funds Restricted funds 89,370 (38,114) Unrestricted income funds Unrestricted funds 2,500 65,022 Total funds 12 91,870 26,908 For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476- and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the prepardtion of accounts. The financial statements on pages 8 to 20 were approved by the trnstees. and authorised for issue on 3 October 2025 and signed on their behalf by= Mr Israel Eguaogie Chaimian and twstee The notes on pages 10 to 20 fom) an iniegrdl part of these financial slatements. Page 9
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2025 I Charity stalus The charity is limited by guarantee: incorporated in Northern Ireland. and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its regis(ered office is: 275 Antrim Road Belfast BT15 2GZ These financial statements were authorised for issue by the trustees on 3 October 2025. 2 Accounting policies Summary of significant accounting policies and kev accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistenily applied to all ihe years presenied, unless otherwise stated. Statement of compliance The financial statemenis have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102)) (issued in October 2019} - (Charities SORP (FRS 102)). Ihe Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparalion Diverse Youth NI meets the definilion of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othen&ise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the chariry's ability to continue as a going concern nor any significant areas of uncertainty that affect the carying value of assets held by the charity. Ineome and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 10
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2025 Donations ond legacies Donations are recognised when the charity. has been notified in M.'riting of both the amount and settlement date. In the event that a donaiion is subject (o conditions that require a level of perfonnance by the charlty before the charity is entitled to the funds, the income is deferred and nol reco?nised until either those conditions are fully met: or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants receivable Grants are recognised when the charlty has an entiilement to the funds and any conditions linked to the grants have been met. Where perfonnance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as defeed income to be released. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliablv. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raisingfunds These are costs incurred in attracting voluntary income. the management of investments and those incurred in trading activities that raise funds. Support costs Support costs include central function5 and have been allocated to activity cost categories on a basis consistent with the use of resource5, for example, allocating property costs by fli)or areas, or per capita. staff costs by the time Spent and other costs by their usage. Page I
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2025 Grants Cooperation Ireland- £2,576 BCC Grant 2023 - £948 BCC Grant 2024- £1,200 Big Lottery- 2022-2024- £6,250 The Albert Hunt Foundation - £5,000 The Halifax Foundation - £12.500 The National Lottery Community Fund - £25,000 Ulster Wild Life- £?O,000 Grow Wild South Belfast- £500 Library- £51 CregaJ and Woodstock - £117 BBC CIN- £35.000 Belfast City Council (Summer Scheme) - £962 Belfast City Council (Residential 2024) - £3,728 Belfast City Council (Park Event 2024) - £1,520 Belfast City Council (Good Relaiions- Youth cultu Connect)- £9,280 JJ Charitable Trust - £15,000 Cash For Kids- £876 EA - Non Targeted Grant- £3,000 PeacePlus Strive with Youth Initia(ive - £2,700 Coca Cola - Irish Foundation - £10.800 Victoria Homes- £3.000 Radius Housing- £9,980 Raspberry Pi Foundation - £3,JOO Belfast city of Sanctuary - £1,200 CAPART - £772 HSBC Charity - £11:009 Paul Hamlyn Foundation- £25,000 Joseph Levy Foundation - £20,000 Belfast Health and Social Care Trust - £ 1,000 Forward South Partnership - £450 UK Youth Fund- £ I 1,000 Youth Initiative PHF Fund - £22,000 Queens University- £470 Migrant Centre- £12:500 Ardo>'ne Youth Centre - £ 1,000 Ulster Hockey - £2,660 Duke of Edinburgh - £6,168 Taxation The charity is Considered to pass the tests set out in Paraoraph I Schedule 6 of the Finance Act 201 O and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordinglv, the charity is potentially exempt from taxation in respect of income or capilal gains received within categories covered by Chapter 3 Part I I of the Corporation Tax Act 201 O or Section 256 of Ihe Taxatlon of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Page 12
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2025 Tangible fixed assets Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows= Asset elass OtTice Equipment Depreciation method and rate 250/0 reducing balance per annum Trade debtors Trade debtor5 are amounts due from cu5toTners lor merchandise 501d or services perfornied in the ordinary course of business. Trade debtors are recognised initially at the transaciion price. They are subsequently measured at amortised cost using the effective interest meihod, less provision for impaimient. A provision for the impainnent of trade debtors is established 'hen there is objeciive evidence that the charity will not be able to collect all amounts due according to the original ternls of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-terni highly liquid investments that are readily convertible 10 a known amount of cash and are subject to an insignificant risk of change in value. Borrowings Interest-bearing borrowings are iniiially recorded at fair value. net of transaction costs. Interest-bearing borrowings are subsequently carried al amortised cost, '1th the difference between the proceeds. net of transaction costs, and the amount due on redemption being recognised as a charge to the Staiement of Financial Activities over the period of the relevant borroTh'ing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Page 13
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2025 Foreign exchange Transactions in foreign cutTencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and re5uIt5 of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate). Other exchange differences are recogni5ed in the Statement of Financial Activities in the period in which they arise except for- l ) exchange differences on transactions entered into to hedge certain foreign currency risks (see above); 2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income: and 3) in the case of the consolidated financial statemenls. exchan?e differences on monetary Items receivable from or payable to a foreign operation for 'hICh settlement is nelther planned nor likely to occur (therefore forn]ing part of the net investment in the foreign operation), 'hICh are reco?nised in other comprehensive income and reported under equity. Fund slruclure Unrestricted income funds are generdl funds that are avallable for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricied to that area or purpose. Financial inslruments Classificulion Financial assets and financial liabilities are recognised when the charity becomes a paty to the contractual provisions of the instrument. Financial liabilities and equity instruments are classifled according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Page 14
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2025 Reeognilion and measurement All financial assets and liabiliiies are initiall}, measured at transaciion price (including trdnsaction costs).. except for those financial assets classified as a( fair value through profit or loss: which are iniiially measured at fair value (which is nornially the transac(ion price excluding transaction costs), unless the arrangement constitutes a fiiiancing transaction. If an arrangement constitutes a financing trdnsaction, the financial asset or financial liability is measured at the present value of the future pawients discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the cOntracal rights to the cash flow5 from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset: or c) the charit!. despite having retained some. but not all, significant risk5 and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Page 15
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2025 Debl instruments Debt instruments w'hich meet the following conditions are subsequently measured at amortised cost using the effective interest method: (a) The contractual return to the holder is (i) a fed amount- (ii) a positive fixed rate or a positive variable rate- or (iii) a combination of a positive or a negative fed rate and a positive variable rate. (b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged. (c) The contract tnay provide for a deterniinable variation of the return to the holder during the life of the instrumenL provided that {1) the new rate 5atlsfies condition (a) and the variation is not continuent on future events other than ( l ) a change of a contractual variable rate- (2) to protect the holder auainst credit deterioration of the i55uer; {3) changes in levies applied by a central bank or arising from changes in relevant taxation or lam." or (li) the new rate is a market rate of interest and Satisfies condition (a). (d) There is no Contractual provision that could. by its tem)s, result in the holder losing the principal amount or any interest attributable to ihe current period or prior periods. (e) Contractual provisions that permit the issuer to prepay a debt insmiment or pemiit the holder to put it back to the issuer before maturity are not contingent on future events. other than to proiect the holder against the credit deterioration of the issuer or a change in control of the issuer. or 10 proieci the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant L.atIOn or law. (O Contractual provisions may pemlit the extension of the tenn of the debt instrument, provided that the return to the holder and any other contrac(ual provisions applicable during the extended terni satisfy the conditioiis of paragraphs (a) to (c). Debt instruments that are classified as pa)'able or receivable '1th1n one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impainnent. With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value throuJ] profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are mea5UTed at cost (which may be nil) less itnpairn]ent. Investments Investtnents in non-convertible preference share5 and non-puttable ordinary or Preference 5hare5 (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit OT loss. Where fair value cannot be measured reliably, investments are measured at C05t less impairment. Investments in subsidiaries and associates are measured at cost less impainnent. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief. cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Page 16
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2025 Derivalivefinancial inslruments The charity uses derivative financial instnllnents to reduce exposure 10 forei exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes. Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is desionated and effective as a hedging instrument, in which event the timing of the recognition in staiement of financial activities depends on the nature of the hedge relationship. Fair value measuremenl The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their are not a good estimate of fair value, the fair value is estimated by using a valuation technique. 3 Income from donations and legacies Unrestricted funds General Restricted funds Total funds Donations and legacies; Donations from individuals Grants, including capital grants. Grants from other charities 2.500 2,500 288,656 288,656 Total for 2025 2,500 288.656 291,156 Total for 2024 20,392 63,774 84,166 4 Expenditure on raising funds a) Costs of trading aetivities Restricted funds Total funds Note Costs of goods sold Allocated support costs 102,906 123,288 102.906 123.288 Total for 2025 226.194 226,194 Total for 2024 101.888 101,888 Page 17
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2025 Total costs 5 Nel incomingloutgoing resources Net incoming](outgoing) resources for the year include- 2025 6 Trustees remuneration and expenses 7 Taxation The charity is a reuistered charity and 15 therefore exempt from taxation. 8 Tangible fixed assets Furniture and equipment Total Cost At l April 2024 22,482 22,482 At 31 March 2025 22,482 22,482 Depreciation At l April 2024 Charge for the year 12,275 2,552 12,275 2,552 At 31 March 2025 14,827 14,827 Net book value At 31 March 2025 7,655 7,655 At 31 March 2024 10,207 10,207 9 Debtors 2025 2024 Other debtors (15) Page 18
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2025 10 Cash and cash equivalents 2025 2024 Cash on hand Cash at bank 315 84,530 315 16,971 84,845 17,286 11 Creditors: amounts falling due within one vear 2025 2024 Accruals 630 570 12 Funds Balance at 31 March 2025 Balance ai I April 2024 Incoming resourees Resources expended Transfers Unrestricted funds General 65,022 2,500 (65,022) 2,500 Restricted funds (38,114) 288.656 (226,194) 65,022 89,370 Total funds 26,908 291.156 (226.194) 91,870 Balance at I April 2023 Incoming resources Resources expended Balance at 31 March 2024 Unrestricted funds General 65,022 Restricted funds 63,774 (101,888) (38,114) Total funds 84,166 (101,888) 26,908 13 Analysis of net assets behveen funds Page 19
Diverse Youth Nl Notes to the Financial Statements for the Year Ended 31 March 2025 Unrestricted fund5 General Total funds at 31 March 2025 Tangible fixed assets Current assets Current liabilities 7.655 84,845 7,655 84,845 (630) Total net assets 91,870 91,870 Unrestricted funds General Total funds at 31 March 2024 Tangible fixed assets Current assets Current liabilities 10,207 17,271 (570) 10,207 17,271 (570) Total net assets 26,908 26,908 14 Analysis of net funds At l April 2024 At 31 March 2025 Cash at bank and in hand 17,286 17,286 Net debt 17,286 At l April 2023 17,286 At 31 March 2024 Cash at bank and in hand 27,209 27,209 Net debt 27,209 27,209 15 Related party transactions Page 20