Greater Shankill Alternatives Limited IA Company Limited by Guarantee, not having share capital) Unaudited annual report Year Ended 31 March 2025 Company No: N1033952 Charity No: XR276811 NIC108657 Greater Shankill Alternatives Limited Year Ended 31 March 2025 Table of Contents Pag Company Information Report of the Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-12 Greater Shankill Alternatives Limited Year Ended 31 March 2025 Company Information Trustees & Directors The Trustees who served the charity during the period were as follows- Gary McKay Thomas Roberts Tom Winstone The Directors who served the charity during the period were as follows.. Gary McKay Thomas Roberts (resigned 1 Dec 2025) Tom Winstone Secretary Gary McKay (resigned 1 Dec 2025) Tom Winstone {appointed 1 Dec 2025) Reglstered Office 137 Agnes Slreet Belfast BT13 1GG Independent Examiner HMCI Limited Chartered Accountants & Registered Auditors 28-30 Old Mountfield Road Omagh Co. Tyrone BT79 7BJ Rogistered Charity No. NIC108657 XR27681 Reglstered Company No. N1033952 Greater Shankill Alternatives Limited Year Ended 31 March 2025 Report of the Trustees The trustees, who are also the directors for the purposes of company law, present their report and the financial statements for the year ended 31 March 2025. Structure, Governance & Management Governing Document The organisation is a private company limited by guarantee, incorporated in 1 st April 1998. Charity number XR27681. The company was established by a Memorandum of Association and is governed under its Articles of Association. Recruitment and Appointment of Management Committee The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected lo setve for a period of one year after which they must be re-elected at the next Annual General Meeting. Risk Management The Management Committee has conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for aulhorisation of all transactions and projecls. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. Organisational Structure Greater Shankill Alternatives has a steering & advisory committee who meet regularly to give advice and direction to GSA. At present the Committee has ten members from a variety of professional backgrounds relevant to the work of the charily. The secretary also sits on the Commiltee but has no voting rights. Greater Shankill Alternatives falls under the umbrella of Northern Ireland Alternatives Ltd. The NIA Board meet quarterly and are responsible for the strategic direction and policy of the charity. Objectives and Activities The company's objectives and principle activities are to promole a non-violent resloralive community response to justice issues in Greater Shankill. Greater Shankill Alternalives will identify needs, often in partnership with local communities and olher voluntary and statutory bodies, relating to safety and conflict wilhin communities, and will attempt to heal relationships in a reslorative way. At the same time, it hopes to raise community awareness on the issues affecting young people and adults who are deemed at risk. Greater Shankill Alternatives Limited Year Ended 31 March 2025 Report of the Trustees {continued) The main objectives and activities of the Company are: To organise within the community non-violent alternatives to Issues of community juslice. To help and work with young people in order to resolve the problems affecting their lives. To direct young people away from destructive and dangerous practices and towards healthy and constructive activities. To enable young people to personally reflect on the potentially damaging consequences of risky behaviour. To address areas of weakness and failure within the formal criminal justice system. To heal relationships within the community and to promote better relationships be￿een the community and statutory agencies. To work towards a sustainable model of delivery for as much of Ihe company's services as possible. Achievements and Performance Our achievements and performance over the past year have included community relations programme with 272 people participating whilst 343 young people involved in youlh intervention and prevention programmes alongside 1-2-1 support alongside family support, Detached Youth Work. GSA provided training and support to over 105 volunteers who participated in organised events such as Detached Youth Work, community safety projects, schools programmes and community festivals and public art events. Restorative and mental health awareness training to over 130 people including PSNI officiers, youlh workers, church groups and local residents. GSA provided 541 people with crime prevention and community safety information sessions, mediations and furnished 260 people with safety items such as alarms, night lights and safety cans. GSA provided a wrap around restorative support and well being programme to over 100 clients with counselling; exercise and restorative sessions delivered. GSA continued to support over 152 young people in educational and employability programmes.we delivered 8 programmes involving 873 people in physical renewal programmes ServTces Greater Shankill Alternatives delivers a wide range of services for the public benefit, bul all of them are underpinned by the principles of restorative practice. I n essence this involves the healing, repair of broken relationships to the individual, family and community relationships that lead to crime, anti-social behaviour and community conflict Services available include.. Intensive Youth Support (for individuals), Family Support, Victim Support, Counselling, Preventionllntervention work wilh Young People, Medialion and Community Support on behalf of the Housing Executive and PSNI, employability services, Detached Youth Work. Schools Work across North Belfast both primary and secondary schools, delivering training in restorative practices to a wide client base. We have more recently developed BUILD shanki1S programme responding to the issues of waste sites and dereliction with a physical regeneration strategy Greater Shankill Alternatives Limited Year Ended 31 March 2025 Report of the Trustees (continued) Directors, Responsibilities Company law requires the directors lo prepare financial statements for each financial period which give a true and fair view of the state of the affairs of the charitable company and of its financial position at the end of Ihat period. In preparing these financial statements, the directors are required to: select suitable accounting policies and apply them consislenlly., make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed subject to any departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will conlinue in business. The Directors have overall responsibility for ensuring that Ihe charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the charity and to enable them to ensure that Ihe financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement of Disclosure of Information to Examiner So far as each of the Directors in office at the date of approval of these financial statements are aware.. There is no relevant information of which the examiner are unaware- and They have taken all the steps they ought to have taken as Directors in order lo make themselves aware of any relevant information and to establish that the examiner are aware of that information. Examiner In accordance with Article 382 of the Companies Act 2006, a resolution proposing thal HMCI Limited be appointed as independent examiner of the company will be pul to the Annual General Meeting. Registered office 137 Agnes Street Belfast BT13 IGG Signed by order of the trustees Tom Winstone Secretary Date.. 0211212025 Greater Shankill Alternatives Limited Year Ended 31 March 2025 Independent Examiner's Report To The Members of Greater Shankill Alternatives Limited We report on the accounts of the company for the year ended 31 March 2025 which are set out on pages 6 to 12. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER As the charity trustees {and also the directors of the company for the purposes of company law) you are responsible for the preparation ofthe accounts in accordance with the requirements of the Companies Act 2006. Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examination, il is our 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 6519){b) of the Charities Act., and •slate whether particular matters have come lo our attention. BASIS OF INDEPENDENT EXAMINER'S REPORT We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(91(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration ofany unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. Our role is to stale whether any material matters have come to our attention giving us cause to believe: 1. That accounting records were not kept in accordance with section 386 of the Companie5 Act 2006; 2. That the accounts do not accord with those accounting records.. 3. That the accounts do not comply with the accounting requirements of section 396 of the companies Act 2006 and with the methods and principles of the Charities Statement of recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe U K and Republic of Ireland., 4. That there is further information needed for a proper understanding of the accounts to be reached. INDEPENDENT EXAMINER'S STATEMENT I can confirm that l am qualified lo undertake Ihe examination because l am a registered member of Chartered Accountanls Ireland which is one of the listed bodies. I have completed my examination and have no concerns in respect of the matters (1} to (4) listed above and, in conneclion with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Mr Rodney Hamill Bsc FCA HMCI Limited TIA Hamill Mcllwaine 28-30 Old Mountfield Road Omagh BT79 7BJ Dale.. 0211212025 Greater Shankill Alternatives Limited Year Ended 31 March 2025 Statement of Financial Activities (incorporating an income and expenditure account) Total Funds 2025 Total Funds 2024 Unrestricted Restricted Notes Income and endowments from: Donations and legacies Other incoming resources Total Income and endowments 22,465 22,465 22,152 22,465 22,465 22.152 Expenditure on: Charitable Activities Total Expenditure Net income I (expenditure> for the year Transfers be￿een funds 111,185) (1 ,185) {11,185} 1,185) (11,139} (11 Net movement in funds 10 11,280 11,280 11,013 Reconciliation of funds: Total funds brought fO￿ard Total Funds Carried FonNard 14,196 25,476 14,196 25,476 3,183 14,196 All income derives from continuing activities, therefore no statement of recognised gains or losses is given. The notes on pages 8 to 12 form part of these financial statements. Greater Shankill Alternatives Limited Year Ended 31 March 2025 Balance Sheet as al 31 March 2025 Note 2025 2024 Fixed Assets Tangible assets Current Assets Cash at bank and in hand 2,216 2,216 23,260 23,260 12.382 12,382 Creditors.. amounts falling due within one year NET CURRENT ASSETS (400) 23,260 11,982 NET ASSETS 25,476 14,198 Represented by.. Unrestricted Funds Restricted Fund 11 25.476 14,198 25,476 14,198 For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relaling to small companies. The members have not required the company lo obtain an audit of ils financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for.. (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and Ib) preparing financial statements which give a true and fair view of the stale of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply wilh the requirements of the Companies Act 2006 relating to financial stalemenls, so far as applicable to the company. These financial slatements were approved by the members of the committee and authorised for issue on the 2nd December 2025 and are signed on their behalf by= Tom Winstone Company Registration Number: N1033952 Charity Registration Number.. NIC108657 The notes on pages 8 to 12 form parl of these financial statements. Greater Shankill Alternatives Limited Year Ended 31 March 2025 Notes to the Financial Statements 1 COMPANY INFORMATION Greater Shankill Allernalives Limited is an incorporated charity registered in Northern Ireland, with its offices located at, 137 Agnes Street, Belfast, BT13 1GG. 2 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation in the preparation of the financial statements are as follows.. a} Basis of preparation The financial statements 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 app5icable in the U K and Republic of Ireland (FRS 102) (effective 1 January 20151 (Charities SORP {FRS 102), and the Companies Act 2006. bl Preparation of the accounts on a going concern basis Due to the level of reserves in place the Irustees assess that the charity is a going concern. c} Fund Accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for olher purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. General funds may be transferred to designated funds where Truslees wish to use these funds for a specific purpose. Such funds may be transferred back to general funds once the criteria for the designation have been met or are no longer applicable. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of restricted funds is sel out in Ihe notes to Ihe financial slatemenls. Restricted funds may only be transferred lo general or designated funds once the criteria for restriction have been discharged or no longer apply. d) Income Recognition Policies Items of income are recognised and included in the accounts when all of the following crileria are met.. The charily has entitlement to the funds., any performance conditions attached to the item of income has been mel or are fully within the control of the charity. there is sufficient certainty that receipt of the income is considered probable., and the amount can be measured reliably. e) Donated services and facililies In accordance with the Charities SORP 2015 IFRS 102}, the general volunteer time of supporters is not recognised. fj I nlerest Receivable Inlerest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon notification of the interest paid or payable by the Bank. Greater Shankill Alternatives Limited Year Ended 31 March 2025 Notes to the Financial Statements (Continued) 2 ACCOUNTING POLICIES (continued) gl Expenditure Expenditure is recognised once Ihere is a legal or constructive obligation to make a paymenl to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activily headings.. Expenditure on charitable activities includes the promotion and development of music and activities undertaken to further the purposes of the charity and their associated support costs. h)Cash al bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening the deposit or similar account. i) Allocation of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back off ice costs, finance, personnel, payroll and governance costs which support the charily's programmes and activities. These costs have been allocated lo expenditure on charitable aclivities. Il Tangible Fixed Assets Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on a slraighl line basis as follows.. Asset Category: Annual Rate Fixtures & Fittings straight Line The carrying values of tangible fixed assets are reviewed for impairment when events or circumstances indicale the carrying value may not be recoverable. k) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any Irade discount due. l} Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or eslimated reliably. Creditors and provisions are normally recognised al their settlement amount after allowing for any trade discounts due. m) Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequenlly measured at the carrying value plus accrued interest less repayments. The financing charge to expendilure is at a constanl rate calculated using the effective interest method. n) Taxation The company is a registered charily and the charitable tax exemptions are therefore being claimed lo the exlenl that income andlor gains are applicable and applied to charitable purposes only. These exemptions will remain in place as long as income and expenditure is applied to charitable purposes only. Greater Shankill Alternatives Limited Year Ended 31 March 2025 Notes to the Financial Statements (continued) 3 Income from other resources Unrestrlcted Restricted 2025 2024 Room Hire & Facilitation Other Income 3,000 19,152 22,152 22,465 22,465 22,465 4 Costs of Charitable Activities by Fund Type Total funds 2025 Total funds 2024 Unrestricted Restricted Charitable activities 11,185 11,185 11,139 11,185 11,185 5 Results for the year The results for the year has been arrived at after charging the following.. 2025 2024 Depreciation 10 Greater Shankill Alternatives Limited Year Ended 31 March 2025 Notes to the Financial Statements (continued) 6 Analysis of staff costs: No salaries or wages have been paid to employees, including the members of the committee (see note 6). None of the trustees receive remuneration or other benefit from theirwork with the charity. 7 Related Party Transactions During the period Greater Shankill Alternatives Ltd received funds from Northern Ireland Alternatives Ltd, a related party, to fund a range of projects. In addition, the staff who delivered Ihese projects are paid direclly by Nl Alternatives. Nl Alternalives also pays for certain administrative costs for the company. 8 Tangible Fixed Assots Computer Equipment Fixtures & fittings Total As at 1 April 2024 Additions 5,816 17,827 23,643 5,816 17,827 23,843 Depreciation As at 1 April 2024 Charge for the year 3,600 17,827 21,427 3,600 17,827 21,427 Net Book Value As at 31 March 2025 2,216 2,216 As at 31 March 2024 2,216 2,216 9 Creditors: amounts falling due within one year 2025 2024 Related party creditor Accrual 400 400 10 Analysis of movements in funds Opening balance Incoming resources Resources expended Transfer Total funds at between 31 March funds 2025 General fund Restricted fund 14,196 22,465 (11,185) 25,476 14,196 ,465 5,476 Greater Shankill Alternatives Limited Year Ended 31 March 2025 Notes to the Financial Statements (continued) 11 Analysis of net assets between funds Tangible Fixed Assets Net Current Assets Total Unrestricted Income Funds Total 2,216 2,216 23,260 23,260 25,476 25,476 12 Greater Shankill Alternatives Limited Year Ended 31 March 2025 Management Information The following pages do not form part of the statutory financial statements which are the subject of the independent examiner's report on page 5. 13 Greater Shankill Alternatives Limited Year Ended 31 March 2025 Detailed Statement of Financial Activities INCOMING RESOURCES 2025 2024 Room hire & facilitation Other income 3,000 19,152 22,465 Total Income 22.465 22,152 EXPENDITURE CHARITABLE ACTIVITES Office costs Bank fees Programme costs 1.330 30 9,825 30 11,109 TOTAL EXPENDITURE 11,185 11,139 NET INCOMING RESOURCES FOR THE YEAR 11.280 11,013 14