Saint Malachy's Youth Centre TRUSTEES. AND OTHER INFORMATION Trustees Lisa Mccreery IResigned 30 April 2023} Catherine Maguire IAppoinled 1 May 20231 Shirfey Ferguson Ana Peter Fr Thomas McGlynn Chairperson John McLaughlin Company Secretary Kathleen Sturgeon Charity Number in Northern Ireland 708797 Prlnclpal Address 20 Low8r Slanfield Street Belfast Anlrim BT7 2HB Uni18d Kingdom Independènt Examiner DNTCA Limited Chartered Accountants and Slalulory Auditor Ormeau House 91-97 Ormeau Road Belfast BT7 1SH Prlncipal Bankers AIB Bank Univ8rsily Road Belfast Antrim BT7 1ND United Kingdom
Saint Malachy's Youth Centre TRUSTEES, REPORT for the financial year ended 37 March 2024 The trustees present their Trustees, Report and the unaudited financial slalernents for the financial year ended 31 March 2024. The financial statements are prepared in accordance with the Charities Act INorth8rn Iielandl 2008. FRS 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland. and Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing Iheir financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Trustees. Report contains the information requlred to be provided in th8 Trustees, Annual Report under the Statement of Recommended Practice ISORPI guidelines. The trustees of the charity are also charity Iruslees for the purpose of charity law and under the charity's conslilulion are known as members of the board of trustees. In this report the trustees of Saint Malachy's Youth Centre present a summary of it5 purpose, governance, activities. achievements and finances for the financial year 31 March 2024. Misslon, Objectives and Strategy Mlsslon Statemant The group is established for the advancement and personal. social, educallonal, emotional, spiritual. physical and mental development of all children and young people, wilhoul distinction of gender, sexu81 orienlalion, ethnicity, political or religious opinion. particularly within the below delail8d area of benefit and generally wilhiT) Ihg geographical area of the Diocese of Down and Connor, with the object of enriching their lives in a 5af8 and approprlale environment., To encourage young people to lake active and responslble participation in the li18 of the faith community and society, including bul not exclusively through affiliation wllh and participation in the programme of the Down and Connor Youth Commission. Strategy In Pursuing il's objectives, the group will hav8 regard lo its Basis and Values, those being., Basis The Group derives ils inspiralic)n and values from the Christian faith and th8 Roman Catholic rellgion ii. These values, enriched and shared by many people of other faiths or none, provide the basis of our work with children and young people, their families and communities Values Respecting the unique worth of every person 11. Encouraging people to fulfil their potential iii. Working with hope, inlegrity. hospitality, Inclusiveness. justice and forgiveness iv. Exercising responsible stewardship. Structure, Goveman¢e and Management structure The centre is governed by ils conslilulion. The Iruslees have taken r898rd lo guidance issued by the Charity Commission for Northem Ireland on the public benefit in carrying out their statutory duties. Who use5 and benefits from our serviGe5 Membership of our Centr8 shall be open lo all children and young people between the ages of four and twenty four years, wilhoul distinction of gender, sexual orienlalion. ethnicity. political or religious opinion, living within the area of benefit, having been accepted by the management committee and who subscribe lo the objecls, basis and values ol the group. who agree lo abide by ils constitution and rules of the group and who pay such fees as determined by the management committee. Re¢ruitmÈnt and Appointment of Trustees The Iruslees of the charity retire al the Annual General Meeting and are eli9iblo for appointment for the incoming year to hold office until the next Annual General Meeting.
Saint Malachy's Youth Centre TRUSTEES. REPORT for the financial year ended 31 March 2024 Financial Revlew The results for the financial year are sel o(Jl on page and additional notes are provided showing income and expenditure in greater detail. The charity continues to adopt the accounting framework applicable in the UK under "Acrounling and Reporting by Charities.. Statement of Re¢ommended Practice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102} Results and Dividends At the end of the financial year the charity has assets of £70,935 (2023 £75,163) and liabilities of £12,622 {2023 £10.5181. The nel assets of the charity have decreased by £16,332). Reserves Position and Policy Aside from retaining a prudent amount of reserves each period, mosl of the charity's funds are lo be spent in the short term. leaving few funds for long term investment. Principal Rlsks and Uncertaintlas The Iruslees conduct, on a regular basis, a review of the major risks to which the charity is exposed. This review Is updated al least annually. Where appropnate, systems or procedures hav8 been established to miligale the risks the charity fa¢es. Signific8nl exlemal risks lo funding have led to the developm8nl of a rolling strategic plan lo allow for aliernaliv8 funding methods for the charity's aclivilies. Internal control risks arè minimized by the implemenlalion of comprehensive procedures for aulhorization of all transactions and prole¢l. Procedures are in place lo ensure compliance with health and safely rules for staff, volunteers and visitors. Ail procedures are periodically reviewed 10 8nsure that they continue lo me81 the needs of the charity. In accordance with Iht Conslilution, the trustees retirè by rotslion and, belng eliglble, offer themselves for re-election. Compliance with Sector-wide Leglslatlon and Standards The charity engages pro-actively with legislallon, standards and codes which are developed for the sector. Saint Malachy's Youth Centre subscribes lo and is compliant with the following.. The Charities SORP IFRS 1021 Approvod by the Board of Trustees on signed on its behalf by.. hn McLaug hairperson
Saint Malachy's Youth Centre STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financial year ended 31 March 2024 The trustees aro wsponsible for preparing the financial slalemenls in accordance with applicable law and regulations. The law applicable to charities in Northern Ireland requires the Iruslees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as at the financial year end dale and ol the surplus or deficit of the Gh3rily and olh8rwise comply with the Charities Act (Northern Ireland) 2008. In preparing Ih8se financial slatemenls. the trustees are required lo.. select suitable ac¢ounling policies 8nd apply them con51slenlly'. obseNe the methods and principles in the Charities SORP make judgernenls and accounting eslimales that are reasonable and prudent., slate whether the financial statements have been prepared in accordance with applicable accounting standards, Identify those standards. and note the effect and the reasons for any material departure from those standards; and prepare the financial slalenienls on the going concern basis unless il is inappropriate lo presume that the charity will continue in operation. The Irust88s confirm that they have complied with the above requirements in preparing the financial slalements. The Iruslees are responsible for keeping 8dequale accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy al any lime the financial position ol (he charity and enable them lo ensure that the financial slalemenls comply with the Charities Act (Northern Ireland} 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps lor the prevention and detection of fraud and other irregularilies. Approved by th8 Board ofTru$taes on and signed on Sts behalf by: hn M¢Lau Chairperson