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 defe￿ed 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 cOntrac￿al 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 f￿ed amount- (ii) a positive fixed rate or a positive variable rate- or
(iii) a combination of a positive or a negative f￿ed 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