Towards Improving Youth Mental Health - Annual Report 2018

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TOWARDS IMPROVING YOUTH MENTAL HEALTH ANNUAL REPORT 2018 and the charity reviewed and approved annually. The company’s financial year is not aligned with the charity and so runs from 1 st January 2018 to 31 st December 2018 but for simplicity we have shown full year figures for the company although there is some overlap with the charity’s 2019 financial year. In 2018 the company received funding from the charity of €40,979, paid from the School Visit Programme budget, to cover the costs for the company to operate the Schools Programme. This was a 17% increase in funding over 2017 but remains well below the full Service Agreement funding levels. For example the Service Agreement provides for salaries of €31,000 per facilitator before tax (€25,000 net of tax) however in 2018 the facilitators received gross annual salaries of just €17,000 before tax as neither facilitator was paid their full salary due to illness and sick pay reductions. The company had expenditure of €38,837 with a small accumulated loss of €1,984 brought forward from 2017. This left the company with a surplus of €158 which was retained by the company. The company spent €33,984 on the facilitators’ salaries and €3,258 in employment taxes bringing the total employment costs to €37,152 which was a 39% increase on 2017. €1,685 was spent on insurance and fees which was a 36% decrease on 2017. Although these was no auditing requirements the directors felt that certifying the books of the company was important as it would confirm that funding was used appropriately and responsibly, and that the governance of the company was open and transparent. This was confirmed at the Company Annual General Meeting. The directors have appointed Raheny Accounts Limited to act for the Board of Directors in this matter. 2018 2017 € € Income Schools Funding 40,979 35,142 Expenditure Facilitator Costs 37,152 26,587 Administration Costs 1,685 2,631 38,837 29,218 Surplus / (Defecit) 2,142 5,924 Accumulated Loss (b/fwd) -1,984 -7,908 Retained Surplus / Defecit (c/fwd) 158 -1,984 YOUTH SUICIDE PREVENTION IRELAND PAGE 28
TOWARDS IMPROVING YOUTH MENTAL HEALTH ANNUAL REPORT 2018 6 Financial Statements 6.1 Summary The financial statements of the charity for 2017 are reported in this annual report and also reported separately. They include: • Trustees’ Report • Auditors’ Report • Statement of Financial Activities • Balance Sheet • Notes on the accounts • Profit & Loss Statement 6.1.1 Charity Auditors The Board of Trustees have retained the services of Raheny Accounts Limited to act as statutory auditors for the charity in 2018. The role of the auditors is to check the financial statements prepared by the accountant and report to the Board of Trustees on the financial position of the charity and the accuracy of the book-keeping and financial systems. 6.1.2 Auditors Findings The Auditor’s Report for the 2018 Financial Year was unqualified and the charitable trust remains a viable charitable body. The Auditors reported that the scope of the audit was extensive and covered our financial systems as well as the books and financial records. In the auditors’ opinion the books, records and systems give a true and fair view of the charity’s financial position; and that they have been properly prepared and maintained by us. The auditor’s report is attached in the following pages. 6.2 Trustees’ Report The trustees present their Trustees' Report and the audited financial statements for the year ended 31 October 2018. The financial statements are prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees' Report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees are charity trustees for the purpose of charity law and under the charity's deed of trust are known as members of the board of trustees. In this report the trustees of Youth Suicide Prevention Ireland present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 October 2018. The charity is a registered charity and, although not obliged to comply with the Statement of Recommended Practice, the organisation has implemented its recommendations where relevant in these financial statements. PAGE 29 YOUTH SUICIDE PREVENTION IRELAND
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