SERWE IN SOLID.4RITY IRELALYD FXNALNCI.4L STATEIMENTS FOR THE YEAR ENDED 31STJAYUARY 2023 ( A CO[PAYy LlIlllTED BI GUAIi4NTEE AND VI OT H.4VING A SHARE CAPITAL) COTrIPANY REGISTRATION NLifvlBER N1073601 CHARITY REGISTRATION liliMI BER NIC 100037 O'HARA SHEARER CHARTERED ACCOUpANTS,knD STATUTORY ALI)ITORS 547 FALLS ROAD BELF.4ST BTII 9AB
SERTrE IN SOLID.&RItY IRELAIYD FlI)ANCI.4L STA TEiTrtENTS FOR THEI YEAR E,NDED 31ST J.4NLARY 2013 COINTE.NTS Officers and olhcr inforTnation Report of the Chairpeison Trustees, Annual Report 4-15 Statement of Dii'ectors Responsibilities (iii i-espect OF the financial statements) Report of th¢ Independent Auditors lo the fvlembers, 17-18 Accountin(r Policies 19-21 Statement of Financial Activities (incoiyoratino the income iind expenditure accoun 22 Balance Slieet 23 Notes to the Financial Statements ?4-27
SERVE LY SOLIDARITY IRELAND FlIN.41% CIAL STATEII[I TYTS FOR TFIE YEAR ENDED 31ST JANU.siRY 2023 OFFICERS .4ND OTHER INFOR.NI.4TIOiY DirECtors Diarmaid U'a Bruadair Noel Gerard Icehoe Lanne Kelly Gerard O'connor Ronan Clinningham Chairpei'son Gerard O'connor Secret41ry Diarmaid Ua Bruadair Progra¥ll¢S and Administration Ltrtsna4yer Paula Quifjley DevelopmeTht ProarJmme Manager Jolin Mccarthy Registere(l Otfice O'Hara Shearer Chartered Accountants & Statutory A iiditors 547 Fa115 Road Belf&sl BTI 19AB Auditors O'Hara Shearwr Cliartered Accountants & Statuloiy ALLdilo 547 Falls Road Belfas¢ BTI19.4B Banker5 Danske Bank Business Bankino PO BOK 183 Donegall Square West Belfas( BTI 6JS Compllny Registration Number NE 07J601 Charity ReqPiStration Number XT 167512 Website w¥ww.serve.ie Chttrity Commission for Northern Ireland Reoistrntion Nmber NIC 1000)7 Page I
sER"E IIN SOLIDARITTr" IRELAh (beino a company limiled by. Tiiaraiitge and nol IiovinLW a share capitlll) CHAIRPERSON'S STATELMENT FOR YEAR ENI DED 31ST JIARI- 2023 Almost twel*e months aGo I saw a poster proclaimin that"Education gives knowledrye, but sliills giTre winiFS to fly. Let's help the youth s02r hiJ4T ". A fornier General Secretary artrues that "Trlicrofinance recounises that poor people are remarkable reservoirs of ener and knowledgey posina an untapped opportunity to create markets, b people in from the marains and giie them the tools with which to help themselves" The SERI'E "Skills for Youth Resilience ProiFramme" 15 focused on educations, skills empoivcrment, 2nd equippinrt this Treneration of younry people to have the tools to build resilient futures for themselves. The programme is a three-year prouramme funded by Irish Aid and SIRVE ill the peri-urban tommunities of Chitunrfjwiza and EpTrvorth in ZimbabTr'e and in the peri-urban community of .Trtanrya and the rural community of Dondo in Mozambiquc. 2022123 represents year two of the pror2me 2nd we celebrate suppnrtiniF empowerina 1,562 younqv ty people toiv2rds employment and miero- enterprise initiativu. Two hundred and twentv-one scholarships were funded- i8'/o of these benefitinu females recoanising the insi¢yht once advanced by Irish star Bono that if you "Give a man a fish, he'll eat for the day. Give a woman mÈcroLredit, she, her husband, her children, her extended family, will eat for a lifetime". The Director5 clearly outliue under objective two in the revieiv of the activities of the eharity in the attached report a summary of the irnpressiTre outputs and outcomes achieved in Year 2 of the prot7ramme. SERfv'E is delifjhted to partner with Young AfriLa in the achievement of these impactful development outcomes. SERVE also durino 2022 supported detrelopment projeLts in ZambiiL the Inbambane region of iNIozambique, and India. The fFrant5 allocated includcd support to primary and 5ef vndary schools, solar water resources and aid to disability initiatives. In p.'Irtner5hip Ivith the Redemptorists SERVE delivered huJnanitArian assistance and specialised medical equipment to hospitals in the Ukraine in solidarity with communities devastated by the cruel war instiu>ited by Russa in 2022. On behalf of all stakeholders involved with SERVE A big eipre55ion of gratitude is due to our parlners who work tirelusly to ellsure thrflt nobody is left behind in the Communities the) serve. 2022 represented the fourteenth year of operntions for SERVE in the north of Ireland. The SEI RVE Nl Board and the SEI RVE volunteer base in the North of Ireland plaj'ed lln important role throu4rh various aetivities in driving the overall plans and ambitions of SERVE. The cfjntinecI impact of Coiid-19 in ?0?2 deterred anv returll to international volunteerin programmes. SERVE his successfulty placed 1,276 international volunteer5 over the years but in 2022 our efforts were concentrated on virtual volunteering and global citizenship initiative5 with sehools 2nd targeted communities. Page ?
SERVE IN SOLID.4RITY IRELAIYD (beiiio 11 conipuny liiiiilgd by giiai'anlee llnd nol hiivin<7 u slicire capital) CH.41RPERSON'S ST.4TEIMENT FOR THE YE.4R ENDED 315T.1.4INL:ARY ?023 The directors of SERVE In Solidarity Irelan(J offer a comprehensive report with accompanN'inLT tin.Ineial statements that offers oversioht and analysis of the achievements and chAIILlltsLS faced bv SERVE durina 2022. 1 Ivould like to thank eaeh of the Board member5 for tlieir dedication and commitment. I would like to express my admiration and respect for the SERVE team. The cooperative partnership between the respective StrUcreS of SERVE in the P4orth and South of Ireland functioned eYceptionaRly well in 20?2 in pursuit of the achievement of common goals. The lower levels of income and eXpedItllre durin4F 2022 in the North of Ireland compared to 20?1 is not in any wa). reflective of lower levels of commitment or lacli of coordinat¢d focus. I Ivould lilie to eipress sincere Gratitude to our supporters who generouslv contributed to SERVE NI. I would like to th?& nk the SERVE alumni. The dedication of former volunteers via standing orders, networkillg. fundraisiniF and committee work is a great asset. I would also lilie to thank our partner schools, who remain inteural to our mandate, and future Readina the stories of chanue as told by SERVE beneficiaries is poiverfully resoureing and encouraoin¢¥ It Is a privileue to play a small role ID deTrelopinu untapped human resources so that people can lift themtselv out of povertv. John Gerard O. Chairperson SERVE SOL nnor ARtrY IRELAND
SERVE IN SOLID.ARrtY IRELAND (beino a company limited by guarnjiteg and not huviiia a sliare capitol) DIREcfoR'S REI PORT S"F FOR THF. YEIAR ENI DED 31 JAJI UARY 2073 The direetors present their report and the financi21 statements for the year ended 31, January ?023. I. STRucfuRE, GOVEIINANLCE AND M.N.4GlW[F.lNT ual Strttus The ortranisation is incorporated as a limited companN since Au(yu%t 25th 2009 under Con)panies (N"orthern Ireland) Order 1986. The COpanY registration number is N1073601. It is registered os a charitv in Northern Ircland ivith re4TiStration number XT 167)2. The charity has three retyi5tered meberS. The directors are elected at Annual General [eetin by the eberS present. The oroinisation is also incorporated in the Republic of Ireland as a company limited by uuaranteed not having a share capital. It is incorpor44ted under the compnIeS Acts 2014. The objective of the companv is to relReTre third world poverty. It is a charity regiytered with the Charities ReulatOry Authority and has been 45ranted tai exetnption by tbe Revenue Commissioners in Ireland, with registered charitable taxation No". 181)4. The Reuistered Charity Number is 20069094. This cotnpanv has ten reuistered embers. The number of meuibcr5 may be incre#sed from time to time by vote of the said members. The directors of the company are appointed by the members. Distinct and separate fAnancial statements are prepared and filed for both charities. The fmancial statements are not consolidated. Board oJDirectors The directors who served the company durin• the year were as follows: Gerard O'connor Diarmaid Ua Bruad2ir P¥oel Gerard Kehoe Ronan Cunningham Leanne Kelty Booi'dAppoinimenls Director5 are reeruited through a combination of both eiternal and internal netivorkino Candidates for appointment to the Board are prioriti$ed based on the Board's requArement3 for eiperti5e from time to time: for e.iample, in the areas of development, finance, marketino, law, fundr2isin¢7 or governance. It is intended that the Board should comprise of & balance of eiperti5e and disciplines. Directors receive induction training upon selection are subject to a six- month initial trial before formal appointwent. The bollrd's director3 are drawn from diverse backgrounits-
SERTr"E IY£ SOLIDARITY IRELAYI D (beino a compciny limiled by c• ouaruntee iiot liavinth a share capital) DIREcfoR'S REPORT FOR THE YEAR ENDED 31ST JLNu.ARI" 2023 includino fm41llLe, deTrelopmeRt, le<val, missionary, youth 14 nd community, who brino to the Board Si<Fiiificant professional and decision- Makin skill$ achieved in their respective fields, t0ether with a broad ranue of experience and vieivs. TherL arv no emolumellts paid to direetors. SER 'E In Solidarity Ireland has developed a template where the board receives timely inforniation at appointed times across the aryreed principal areas of activities and eoneern. This template is prepared in a calendar forniat which ensures that relevant issues are considered by the Board. The Board met four times durinG 2022. Intgrnal Controls The directors aLI(nowledoe their overall responsibility for SERWE In .Solidarity Ireland's systems of interDal control and for reviewinu its effectiTreness. The Board has established a process of compliance which addresses the Boards wider responsibility to maintain, review 2nd report on all internal eontrol.s, includino financial and operational. There are sii key ptllars that give assurances about internal contrals. Key elements of the internal control systems include: I. SERVE has clear policies and procedures in place for the receipt, recordillu and coiitrol of donations received from private inijividuals and from other sources. 2. Procedures And control systems are formall). documented in 42 series of partnership and project aryreements. Internal control reTriews of partners are completed and documented as well as illtern411 audits. The afjreements and reviews are appraised on a bi-annual basis. 3. There is a formal ortsanisational structure in place with clearly defined lines of respon.8ibility, division of duties and deleGation of authority. 4. A detailed budfjet is prepared annually Trvhich is in line with the strate*yic plan and approved bTr thc Board. Actual results and service outcomes are LompJred reoularly aainst budget aDd prior year to ensure allnment with buduet, tiuht administration control and value for money. 5. A sub-committee focused on audit reports independently to the Board on all aspects of controls and rislLS. 6. The Board maintains a reserve policy that eTceeds the minimum reeommended for charities (three months reserves) to mRti47ate the inereasin¥ risks of the uncertoin economy and to ensure sustainability of our services. Our actual reserves would not have been less than seventeen months during 2022.
SERTrE SOLIDARITY IRELLND (beino a compaiiy limiled by ouariiiilee rtiid iiot havino a sliare cupitul) DlllEcfoR'S REPORT FOR THE Tr'EAR E,NDED 31- JAT*lU.4RY 2023 Decision iFIukinry and iplaiilloement The directors are responsible for the implementation of the strategAC plan, ensuriniF the arfjanis4ltion is effective in the deli.ery of its activities aiid accountiible for the resuurLey under its control. The directors deleuate si<Tniticant responsibility to the Pi'i)urammes nd AdininistratioTr Manaaer, and the Development Pro4yramme Manaaer. Both, tlie ProiFrammes and Administration Manaaer, and the Development ProGramme IWl¥ill44 er, report directly to the Board. There are elrar distlDCtions behveen the roles of the Board and the Programrnes and Development Manager, to whiLh the day-to-day mana4yement is delegited. Responsibility for the implementation of the internal control systems is delerfjated to maneMent. Matters reserved to rhe Board and those deleui2ted to the Pro(Frammes Tr112nauer, and the Development Manager, are outlined Rn the oranISatIon,5 Governance L%lanual. The Prourammes and .4dministration fvlana(Fer is the key person with deleuated respollsibilitv for the day-to-day malla¢ent of the Company in the North of Ireland. Direclor s respunsibililies in rglutivn to Élle Financialsifttements The direLtur5 are responsible fur preparin(T the Director's Report and the financial statement5 in accordance with applicable laT¥s and regulations. Company law requires the directors to prepare financial statements giving a true and fair of the state- of- affairs of the eompany and the net income or e¥penditure of SERVEI for each financial year. Under that law the directors have eleLted to prepgre the financial statements in accordance ivith FRS 10?: the Financial Reportill Standard applieable to the UK and Republic of Ireland ('relevant finaneial reportin framcworli,). ID preparinfj these financial statements, the directors are required to: Select SUAtable accounting polieifs for the company financinl statements and then apply them con515tentlJ. Malle judtvements and estimates that are reasonable and prudenL Observe the methods and principles in the Charities SORP. State whether the financial statements have been prepared in accordance witli the applicable accounting standards, ideutify those 5taudards, and note the effect and the reasolls for ally material departure from those standards. and
SERVE IN SOLID.4RITY IRELAND (beino a cofftpanj limilgd by guarantee not havinry a sliare capitlll) DIRECTOR'S REPORT FOR THE YEAR EINDED 3157 JANL.4RY 2023 Prepare the fill.oncial stTrteo]ents on the tsoino concern basis unles.8 it is inappropri2te to presume that the compiny ivill continue in business. The directors are responslble for keepina adequate aceountino records which disclose with rea.sonable accuracy t any time the fmaneial position of the oompany. Risk Trlano¢yeinen¢ The directors have responsibility for and Are aivare of the risks I50cLated with the operatinfj activities of SERVE. They- are confident that adequate systems of internal eontrol are in plee and that these controls provide assurance such rislis. The board updated SERVE'S the risk register in Lmay 2022. Transparency andAccounlability The Directors of SERVE In Solidarity Ireland. in the INorth of Ireland, are satisfied, that there are no incid¢nces of fraud or gross financial managemeut amono its Ley partners. The Directors the Republic of Ireland reported simtlarly for the year endkna J¥lllUary 31" 2023. SERVE'S partners are eiternallv audited by reuistered in- country auditors; audit reports and mthnafjement letters are eTamined by SERVE'S Manement and board members Rn line with our financial policy. It is the eurrent opinion of our partncr's independent auditors that their respectiye financial statements ive a true and fair view of the state-of- affairs of each partner. SERVE also completes a number, of annual fJnancial monitorin(v Vi31ts to international partners. SERVE also revieiv5 partner's financial policy and procedures and holds independent disLussion5 with partner's finaneial manaerS as part of routine Monitorin and evthluation processes. Review of partners other donor's reports aDd audits prolde turther security reaardinu fillancial management procedures. Nehvurks aiid Cunsortia SER VE is eommitted to a strate¢ alliance with youn Africa Internatioual. StrateiFiC partnership with international partners and orgauisations is seen as a key vehicle for SERVE'S macro level eng.ernent and internation41 advocacy. SERTrT I benefits from SERVE'S membership and partllership Trvitb Comhlamh and Dochas and IDEA.
SERVE IN SOLIDARtTY IRELAND
(beiiio a con¥7any lintiled by
(viiaraiiiee and not liavino a sliare crtpitul)
DIREcfoR'S REPORT
FOR THE YEAR ENDEI D 3151 J.4,¥UARI' 2023
2. OBJECTIVES OF THE CHARtTY
SIRVE 15 a development and Volunteerin or(Fanisthtion committed to tacl<ling the root
causes of poTrerty' to achieve justice, equality. and opportunities for all. Since 2003
SIRVE has worIied in solidarity" Trvith communities livin
SERIT Th SOLID.4RITY IRELAND (beint¥ u conwunj liniited by lyuarantee and noi liavino a sharg Lapilal) DIREOR's REPORT I. FOR THE I'EAR EL)DED 31 JNUARy 2023 3. REWIEIV OF TFIE Al1,1TIs OF THE CHARtTY The Director5 set sly niain nbjectives for 20?2: l. To successfulty implement Year Tivo of the SERVE STr'RP programme in fvIozambique and Zimbabwe. To e.xpand the SER&'E and Youn4T .4frica approaeh to Skills traininu to include innDvatiTr'e diuital platforms with a particular empbasis on Mozambique and Zimbabwe. 3. To develop a refocused approach to lobal citizenship education. 4. To develop the strategiL approach of SERTr"E to fundraisin focused on raisin Unrestrieted Fujds, Trvith an emphasis on sustsinability. 5. To continue the stren<FtheninTr of govcrnance struLtureb. 6. To develop a new SERVE Strateaic Plan for the period 2023-?026. The proreSS made in 20?? in respeet of the key objectives iy detailed folloivs: Objcctive I: To successfully Amplement Year Tivo of the SERVE SYRP pro•yramme in L lozambique and Zimbabwe. The Directors report outlines the results for the period October 1',21)?2 to Septeniber 30th2023 repre$entintr Year 2 of 3 of the Irish Aid funded Skills for Youth Resilience Programme (SYRP) 2021-2024. Wbile the SERII In Solidartty year-end is Janiiary 31 the Irish .4id funded prouramme be*7an in October 2022 and continued until September 2023. E?80,000 was rL'ceived from Irish Aid in support of this prograrnme. The funds were received from Irish Aid on December 5th 2022. 'rhe Prouramme is being implemented with Young Africa Zimbabive (YAZ) in the peri- urban communitics of Chitunoiviza and Epworth; Tr'ounu Africa Mozambique (YAM) in the peri-urban community of MangA and the rural community of Dondo. and Youn Africa Hub {YAH based in Zimbabwe, with a role of overseeing all arrjliates and improvints and expandin4T the Tr".4 model). The project cTrmpnnents are focused on (i) Skills tor Eeonvmic Resilience; Skills for Emotional Resilience; (iii) Organisatlollal Resilience. The development outputs achieved in Year 2 of this three-year profjramme (October ?022 to September 2023) iuclude:
sER'E IN SOLIDARITY IRELAND (beiii*y a company limited oiiuraHtee ancl not liaviiio ft shar¥ capital) THE DIRECTORS. REPORT CONTINUED 1,562 youno people completinu skills trainin for employment and life skills trainin(F 221 young people awarded seholarships. 6 trainintr department flleilities upgraded, illL.ludinq¥ a %Vellness Centre in ZimbibTrve and the Civil Constriiction Departmeu¢, and Electricity Dep2rtment and the A vicultiira and Horticultura departments in iTrlozambique. An additional Borehole Ivas also eompReted at the fvIoLambican Dondo Campu5. 99 micro-credit grants and graduate kits disbursed to students. 43 Students completintr the Entreprcneurship Bootcamp at the Youn(T Africa Youth Entrepreneurship Hub. 4 Capacitv building initiatives at Youno Africa centres. 18 plvotal staff retained aDd funde(L 2 internaI audit processes eompleted. 13 internatlDnJl I'olunteers as5iaJied. The folloivin<F development outcomes were achieved: 64 /v of uraduates are engaaed in economic activity. 24 /0 of graduates mana¢Tinu to.save money. 30 /(J of micrncredit loans rep491d. 79 % of studcnts reportints an improTrement in their core technital slulls. 82./0 of studeuts repUrtin improved life skills Lnowledue. Positive reports from Younts Africa staff about their skillb development llb a result of capacity buildin4J initiatives. 52°/tt repayment rate of mÈcrocredit loans to Franehise holders. Fran¢hise model oeneratinu income to cover 71°/u of core costs. Objective 2: To e.xpand the SERI1 and Younfj Africa approach to Skill.8 traininu to include innovative digital plarforms with a parttcular emphasis ou Mozumbique and Zimbabwe. Durinu the first quarter of 20?2 there w25 a level of intense ell(Tagement betiveen SERVE In Solidarity Ireland, Young Africa International (In the Netherl.?nds), Youn47 Africa Hub (Zimbabwe) and five Young Africa affiliates, in each of {Zimbabwe, Zambii, fvIozambique, Namibia and Botswana). The announcement by the EU of a call for capacity buildÈnts projects in the field of Vocational Edutational Training acted as catalyst toward5 preparin(F an application to the EU. SERVE led the process reoTiStering the Eli affiliates in the EU SEDIA System (sillule Electronic Data Interchanue Areas). $t SERVE submitted the application oll illarch 31 20?2 to the EU. The applicAtion was fociised on developinly dilta1 platforms to deliver Technical, Vocational Education training. In September 2022 SERI learned tbat tbe application was successful to the amount of E399,72i over a twolthree-year period. In the fuurth quarter of 2022 SERVE 10
SERVE IIY SOLIDARITI. IRELAND (beino a company limiteil by. oucircinteg und not havtn(v a shure cnpitrtl) THE DIRECTORS, REPORT CONTINUED and YouniF Africa completed a demandino grant preparation stiiue with the F.LT The Youna Africa Botswana affiliate did not complete the process. The tirst inst:Ilment of the grant IV2s received frum the ELI on December 21,, 2022. The project commeiiced on January 1., 2023. The project progress will be recorded in next year direLtor's report. Objective 3: To develop 2 refocused approach to global citizenship education. The Covid-19 pandemic continued to disthrb the rhythm of our international volunteerinG anil immersion programme5. For the third eonsecutive year the SERVE intei"11li tional volunteer proTamMe could not proceed due to the preTralence of risk and Cilre asso¢iated with Covid-19. SERN'E IN 2022 recruited a Schools Coordinator on a part-time basis to commencc a School prouramme focused on ulobal citizenship in si.Y seeondary schools. The programme ran trom January 202? to April 202? Led by an experienced returned SERVE volunteer the projeet very positivety evaluated. The SEI RVE t¢am contjDued to promote the concept of virtual volunteering and promoted several initilltives focused OD drawin 24 gruups and citizens to visit the SERVE Sust.IAlli2ble Development Goals Trail at Scala, Castle Road, Cork. SERVE receiTred grant frotn the Depqrtment of Education and Science for a school spccific proariimme. SERVE also commence<l a new partnership relationship with schools and the S)nergy Credit tj'nioll in Fermoyy County" CorlL The SERVE team harnesscd the learniniF from the iirtu#l and hvbrid Trolunteerin¢T proornmmes implemented in 2020, 20?1 and 20?2 to prepare a tllrgeted application to Irish Aid for a new approach to global citizenship. SERVE reeruited a new Glob21 Citizellship Coordinator and an Intern and commenced in the fourth quarter of 2022 the recruitment prD¢ess for a return to international volun teeriDo in 2023. The SERVE team folloiving the learniniTS from Lockdown times implemented durin 2022 the hybrid Think Global-Act Local programme. In line with the eiperience of other organlsations digital gatherinus Trvere less suecessful durinry 2022 than in 2021 and 2020. The SERVE board asked Jane Mellet a board member with SERVE in the Republic of Ireland to consider the e¢olo(¥ical dimension to international volunteer prooramffles and to prepare a conerete propos21 that TYIII direet SERVE'S 2pproach to internationul Volunteerin into the future. The SERVE@.Home groups continued durina 7022. These groups are intended to g21vaoi3e the involvement of the SERVE alumni. The earlier energy erllanatin from digital meetinoJ eTraporated and like many peer oruanisations such groups strugtrled
SERN'E IN SOLIDARITY IRELA,ND (beino n company limited by vuaraiitee and noi hovino a slicirg capitftl) THE DIRECtORS' REPORT CONTTNUED durino 2022 as diaital energy waned and yet a reticence prevailed about physical gathering$ Objective 4: To develop the strateoio approach of SERI'E to fundraisin raisino Unrestricted Funds, Ivith An emphasis on sustainability. focused on The folloiving comp¢irative information offers some salient information about SERVE'S fundinu base in the Worth of Irel2lld= 31101123 26548 31101122 i6,506 23,207 33,299 000 Total Ineome (£) Total Restricted Income (£) Total Unrestricte(I Income {£) Grant Income {£) Voluntary Income (£) Frotn the Irish Public (£) UnretritriLted Reserves (£) 5,1143 000 26,548 i6,506 81,719 84,580 Objective 5: To continue the strethen1Th of governance structures. There were no signÈficant chanfjes to the SERVE board in the Tr4orth of Irelaud durin 2020. Objective 6: To dLvelvp a new SERVE Stratejo c Plan fur the period 2023-2026. Durino ?02? the SERI'E B02rd nominated hvo board members and two manaiFers to furtn a Strategic Pl.InnAn(v committee. Thi% group met severil times and reeommcnded to the Board the appointment of a specifie consultant to lead the Str3teGic P141nning proeess. This consultant work'ed with all the relevant Stalieholders and the Strategie PlanninG ¥* process was completed in the third quarter of 2023. 4. OPERATIONAL SUMI MARY Developmen£ Pyournmme i.Kpenditure on development proorammes amounted to £llil (202? £36,840). i?
SERI'E IN SOLIDAIUTY IRELALND (beino ft company limiÉed by iiarantge aiid itot liavincv a sliure capilal) THE DIRECTORS, REPORT COINTIINUED FOR THE YEAR ENDED JANUARTr' 31,2023. VoliintL•gr Prooj'npnnie All intern#tional programmes ivere cancclled during 2022. Developinent Educntion ond Global CitizenFhip SERVE remain committed to Global Citizenship Education and ensure that it is an inte(ryal part of all SERVE operations. Durin47 ?021 the SERVE Thinli Global Act Local was a17ain successfully rolled out entr:ioints thirty-sii youn4T adults in a profjramme delivered through a hybrid tnodel iDvolvina botli digital and physi£al eniFa¢yement. Important initiatii'es were taI<en duriniF 2022 in protrressina at Scala, Cork tlie Sustainablc DevelopmeDt Goals trail. Specific school projects were implemented in eiuht different s£hool. Fair Trncle Flip Flop Friday raised £9270 ID BeIfast in 2022. Fundi'iiisino The director3 will continue during 2023 to apply strategies that generate new fundraisinu income stream5. 5. FIN.4LNClAL REVIE Incomg and Erpendilure The result5 of the year are set out in the audited statement of financial activities of the organisation on paue 2? which show5 a surplus for the vear amounting to £24,366 {2022 £18,430). SERVE is a registered charity in the North of Ireland (XT 16752). The overall decrease in SERVE Income in the North of Ireland durinu 2022 was 53'/.. Tbis decrease is explained by. the absence of funding from UK Trusts in 2022. Direct Charitable Expenditure was 99 % (2022 990/.). Governanee costs and the costs of raisinu funds in totrtil were less than l /•.
SERVE IN SOLIDARITY IRELLWD (bein*y a company limiled b}, giiarnntee and not liavino a sliare capital) THE DIRECTORS, REPORT COWtINUED FOR THE YEAR ENDED JANUARY 31"20?3. Riserves Policy Unrestrieted Inctime is treated 4IS income apart frotn restricted income. It is income iyhere the donor has not desifjnated the income for a specific puryose. It is used by SERTr'E in the furtherance of its work and objectiTres. Such funds may be held to rinanLe working capital or may be used at the discretion of the organi.$lltion for specified purposes that gre w'ithin the aims of the organisation. The board appraisin the administrative llnd operational cosls of the orfjanisation, alloL'lltes income from unrestricted income to coTrer these costs and m2j allotate also to programme tOSts and also carefully review5 the amuunt required to be held for eer(wellC1es and to cover runninTh costs. There are reserves of £223,876 (?022 £?Ol,ilO) at the year-end January 31Yt ?023 on hold in the Ni ortli of Ireland. There are three importaDt factors relevant to an analj'sis of these reserves: (l) £84,i80 represents a prudent ullrestricted reserve balance. {2) There is £9.166 that relates to lollg school development in Haiti: {3) The remainin reserves of £132,130 13 made up of £18,088 relating to the Philippines; £6,917 related to Thailand. £?,002 relatio tu Mozambique. £19,902 relatin(v to South Africa, £1,022 relalin4Y tD Brazil and India £12,131; £9079 relating to Zambia" Solidarity Fund £40.989, Zimbabwe £1,50i, and Lfkraine £20,000. There is a deficit in the Burkina Faso fund of £-7. SEI RVE is conimitted to mainLqining at 8 minimum £15,000 in unrestricted reserv¢s in tlie North of Ireland. The minimum reserve )YiIl be increased proportioually if runThing co,sts increase. .4mounts over 2nd beJoThd the minimum amount wijl be carefully steTrvarded in the illterests of the organisation and the belleficiaries we serve. Reserves wilj, t all times, be maintained in accordance with charity reGulJt7on8 and best praeti¢e. The unrestricted reserves of £84,i80 (2022 £81,719) at 31, January 2023 represents a 3.5°/0 inerease on the previous year. The combined reserves of SEI RVE between the North of Irelalld and the South of Ireland are the equivalent of approximatety 17 months (2022 19 months) of the runninu costs of the organisation. 6. EVETrS SINCE THE YCI AR END In the opinion of the Directors the challenges posed bj tlie pandemic and issues relating to climate justice and the appropriateness of international flights in the context of climate Ivarming pose chAlleiige8 to the highly respec¢ed SERVE programmes. 14
The Direetors will continue to consult and study issues pertaininfj to climate change and Pl¢ ndemics. There have been no post balance sheet adjustments mJdL' to the fJnancial statetnents. 7. PL.JlEIS FOR FUTUIIE PERIODS Fiilur¥ Developments SecUriTr thnd retaininv reliable sources of fundino remains the kej ehq& Ilenue tor SERVE over the ne.xt nwnber of veurs. SERII ID Solidarity Ireland Prograrne Plan for 2023 is based ou si.1 key objectiTre5: SERVE In SOLIDARITY IRELAWD (beino a company limtsed by ouai anlLJe und not liavinu a sliare capital) DIRECTOR'S REPORT FOR THE YEAR EINDED 3I JANUARY ?023. l. To successfully implement l'ear Three of the SERVE SI'RP programme in 'lozambique and Zimbabwe and to seek Irish Aid fundin¢y for a further there to fiTr'e )'ear period. 2. To successfully implement the ELT funded Diuital l'ocational Edueation Technical prof¥ramTne tn Zimbabive, M07.Jmbique, Zambia and Namibia. 3. To seek fundin(y for a neivty designed SERVE approach to lI)bal citizenship education. 4. To prioritize strate4ry toivards achievint7 Sustainability. 5. To proactively en¢e the SERVE alumDi in celebra1]n the SIRVE 20 anniversary. 6. To develop # SERVE Strate c Plan for the period 2024-2028. On behalf of the Board John Gerard O'connor (Cbairperson} t<A uCr¥Th Dijrxnaid UA Bruad2Ar
SERI'E IN SOLIDARtTY IRF.LND FILNA.NCI.4L ST.4T£,NI[I NTS FOR THE YEAR E_NDED 31ST JA.NLARY 2023 STATEMENT OF DIREcfoRS RESPONStBILITIES The dii'ectoi's al-e responsible for pr¢pai-intr tlie Dii'ectors, Report ld tlie financial sialemenÉs in accoi'dance vvilli applicable law and reuulations. Coinpanv Law reqiiires tlie directors lo PlEpar finanLial staieinents for eacli tinancial year. The Ti'iisrees, who al-e also directors for the purposes of company law. present theii- reporr and tlie financial statLinents ot- Ilie charih. For the kear ended i I st Jantiarj ?02J. The Trustees confirtn Iliat thev comply with tlie requirements ot the Charities Act CNortli¢rn Irland) 2008 and Accounting and Reportinip bK' Charities- Statement of Recommended Practice which applies to chai'ities prepariiig their accounts in accordance ivitli thL Financial Repoilints Standard appliLable in die LIK and R=public of li'eland (FRS I O?) (effeLtive l Jdnuai? 201 i). Uiidei. company lasv tlie direLtors must not approve the financial statements unlcss they are satisfied Ih¢lt tliev g>ive a ti-ue aiid fair view of the 51ate of atyairs oltlie coinpanv and of tlie sui'plus or deficit of the company for tliat period. In preparing those financial staietnent& tlie directors are requii-ed to.. select suitable accountino policies and then apply them consistently- miike judoements and estimates that are r=asonable and prudcn( prepare the finanLial Statements on the goinv conL¢rn basis unless it is inappropriate to presume thai tiie company will continue in business. The d irectors al'e responsible for k-eepin(y adequaie accounting records that are sutlicieni lo shoiv and explain the COpanY'S U'ansactions and disclci.se iih reasonable accuracy at an J time the fiiiancial position of the company and ¢nabl¢ them lo ensure Ihac the finaiicial statements comply thiilh the Companies Act 2006. They are also responsible for safeouai'diN(r tlie assets of the company and hence gor takino reasonable steps for tlie prevention and detection of fraud and other irregularicies. In so far as th¢ directors are av*'aiE: there is no rLlevant audit information of which the companvs auditor is unaware. and the directors have taken all steps that they ouaht to have tsken to make diemselves aware of any relevant aiidit inforniation and to estciblish tjiat tile auditor is a.are of that intormalion. By order of the board: 19th February ?0?4 D.ATE GEtLARD O'CONNOR DIRECTOR Pag¢ 16
SERVE IN SOLIDARITY IRELAND FIP4ANCIAL ST.4TE,TrIINTS FOR THE YE.4R EYDII D31STJ.4NiiARY 2023 REPORT OF THE I.YDEPENDEINT AUDrroR TO THE METrIBERS' Opinion We have audited Ihe financial statements of Serve in Solidartty Treland (the'charity} for the year ended J l Januaiy ?0?" wliich comprise the St&iement of Financial ALtivities. the BAlance Slieet. the Sialetnent of c(h Flo¥vs and the noies lo the financial slalements, includino a summaTr of sionificant accountin policies. The financial reportinq framework that has been applied in their preparaiion is applicable law and Uniied Kingdoin Aclouiiling Standards. iniluding Financial Reporting Siandard l O? TJiÈ]rna17cioI RLJpoi'rino Siandai'd applifyable in ihg UK a17d R&public oj'li'elund (United Iiinodoin Geneiallv Accepted Accounting Prnciice). In our opinion, the finanLial srateinenls give a true 2nd fair view oftkie slate of the chariiable company's atTairs as al ) l January 202i and of its incomÉn rOUrceS and application ofre50uI'ces. iiicluding its income and expenditure For the yr then ended. have been propei'ly prep1¢ red in accordance with the Financial ReTX)rtingy SIRndard applicable in the UK and Republic of Ir-land {FRS 101) (effective l Janauary 20151- (Charities SORP (FRS10?)}, the Financial Reporting Standaitl applicllble in th¢ LIK Republic of Ireland {FRS 10?)- have been prepared in ac¢ordan¢e ivith the requ1mentS of the Companies Act 2006. Basis for opinion We Londucted our audit in accordance with International Stand'd5 011 Auditing (UK) {ISAs (LiKj) and applicable law. Our responsibilities undei- those SLd&l.dS air funhei. descrikd in the Audito¢s respolbillI7es Eoi- the audit of tlie accounts section of our report. We are independent of the chai-iry in accordanLe with the ethical requirements rhat are relevant to our audit of the accoiinls in rhe UK. including tb.e FRC'S Ethicd Standard. and *e li&ve fulfilled our oihey eihical responsibilities in accordance with these requiremenrs. We believe thac the audit evidence we have obtained is 5ufticient and aporopriate lo provide a basis foi. OLir opinion. Coiielusions relatino to Going concer We have nothino lo report in respect of the followin(y matters in relation to whicli the ISAS (UK) ]Yquir¢ us to report lo yoij where: tile trustees, use of ihe goino ncrn basis of accountinv in tlie preparalion of the financi siatements is not appropriAle- or the trustees have not disclosed in the financi31 statements an> identificd material unceiLiinties that may cast significant doubt abolit the chariTh's ability to continue to adopt the going concern basis olaccounlino foi. a period of ut least twelve monihs from Ilie dale when the fmancial statements are authorised for issue. Other infoirynatio The oihei. infoiin&lion comprises the inforiDalion included in the annual reEx)IL other than the fiiiw)cial statemeiiÉs and our aiiditoes report thereon. The trjstees are responsible for the other infonnation. Our opinion on the financial statements does not cover the other infomation and we do not express any form of assurance conclusion thereon. Itk connection with our audit of the financiat Statemen oui- respo[[bIlIty is to read the other infomation and. in doing so, coniider whether the otliei. inforttmlion is materially inconsistent with the financial statements or our knowledge obtained in tlie audit or otherivise appears lo k materially miSSTated. If we identify such material inconsistencies 01" 4)parent matei'ial mi55tatements, we are required to determine whether there is a material tnisstatement in the financial statements or a material misstatement of the other information. If, based on the worL- we have perfomed, conclude that ihcre is a mdlerial mis5talemenl of this other informdlion, we are rcquired lo p01t that facl. We have nothing to repori in this regard. Page 17
sERE SOLID.4RITY IRELA.ND FIN.4INCIAL STATEfvIENI T.5 FOR THI I'EAR ENDED 31ST JANUAR Y 211?3 REPORT OF THI IINDEPENDENT AUDITOR TO THE hIEllBERS, i¥lqtter5 Dn whiLh we are required to report by exception In the light of tlie kno¥vledge and undersrandillg of the Tn151ees and its ¢nvironinent obrained in die course ot Ihe alldit, we have not identified material Inisstateinents in the Trustees. Report. Ille havL notliiiig lo repoii in r=specl of rhe tollowing m<itter5 in relation to i¥hich the Companies Acr ?006 requires U5 10 report to you if, in our opinion.. sufticient accounting records have not been kep¢ or tli¢ financi" -1 staiem¢iits are not in aoiEeineFtt wilh the accuunlinu records. or ceitain disclosuiES oFtru51ees' remuneTtion speciFicd bv law are not made- 01 we haNe not received all the infomiation and e.xplanations we require for our aiidit. Respnnsibilities of tru5tses As e.xplained In0 fiillv in (he Stateinenr ot Tru5tees' Responsibilities, the trustees. who are also the dire¢lotE of the chkirity toi" tlie puipose ot company la%%, ar¢ rcsPOll5ible for the preparation of the financial staiements and for bein(F satisfied that Ihev give a tiwe 2nd tair vieiv. and tor sucli inteinal ¢ontrol as the airectors detern]ine is necessary to enable the prepai"ation of tinanLial sralemenr5 that aic free from Material misstatement. whether due Éo fraud or eOr. In prep¢1ring the fin¢lncial statements. the trusie¢s are resFOnSible for assLssin4 the ih&iriiVs abilitv to continue as a ooin ¢OIILei'n, disfjlusing. as applicable. Inarter5 related ¢0 ooin(J concern and usiiig the ooing coneern basis of accouiitinv unless the tIV5Cees eithe-. intend lo liquidate the company or to cease operdlions. or hatrc iio realistic alteniatitre bul to do so. Auditor's responsibilities for the audit of ¢he finallc11 sthtemettts Oui. objectives w'e lu obtain rvdsonable assurance about whether the Fin3nciol stateinents as a whole ail fiYe froin Inaleri21 m155taleinent. wheth¢r due to fmid or error, and to Issu¢ an audiF J oi s report that includes our opinion. R¢asonable assuranc¢ is a l)igh level of asslirance. but is nor a tsuarantv that an audit conduc£ed in accordance with ISAS (UK) will always delecl a Inarei'ial Inisslateinent when it exists. Misstrai¢inents can arise from fraud or error and are considei'ed matrei-ial if. iiidividually or iii tlie agoi'eg(It¢, could reasonablv be expected io illflucnce the economic decisions of use15 t2ken on the basis of these financial statemcnts. A fi]rther description of our responsibilities for the audit of the financial stateinents is located on the Financial Reporting Council's kveb51te at-. htlpJlwww.Frc.or(p uknauditor5responsibilities. This dCrIptIon lonns part of our audilo¢s repurt. This report is tnade solely ro the charttable companYs rnembers. as 8 body, in accordance with Chapter J of Part16 of th¢ Coillpanies .4ct 2006 and regulation5 made ui)der that ACL Our audit work has been undeitsken so that we mioht slate lo Ilie chai'itabl¢ coinpany's Inembers Eh05e matters we are requii'ed 10 state to the¥n in an auditor5, report and for no odier purpose. To the lIest e.xteni perinitted by law. Ive do not accept or assLEme responsibility to anvonc ottier than the charitsble company and its In¢inbers as a body, for our audit woll for this repor4 or for the opinions we Iiave fonned. LAWREINCE SHEARKR F.C.A., Senior Ststutory Auditor FOR AND ON BEHALF OF O'H4RA SHEAR£IL Statutory Auditor O'HAiU SHEARER CHARTEREI D ACCOUNTAiYTS AND STATUTORY AUDITORS 547 Falls Road Beltasr BTI19AB D*ted.. 191h February, 20?4 Page 18
SERVE IN SOLTD.4RITV IRELAND FIYANCI.4L STATETrI IE.YTS FOR THE YEAR ENDED 315T J.4.NI',.4RY 2023 STATII NIENT OF ACCOL'NTIYG POLICIES Accoulltintr Coni'ention and Basis of .4ccountin(w The finaniial st4ltements have been prepared under the historical cost confvention. The financial statemenls hai'e been prepai'cd in accordance wilh AcLountints and Reportin¢f bv Charities.. Stateinent of Recommended PraLtice applicable lo charities preparing their accounls in aLcorddiice willi Ilie Financial Reportin¢y Standard Ihleh applie5 in tlie U'K and RepubliL of Ireland (FRS I O?) (et'feclive l January 10 I i) (Chai-ities SORP (FRS 10?)), U?e FinanLial Reporting Standard appliLable in the aiid Republic ot Ireland {FRS 10?) and the Companies ALt ?006. Going Concern At tlie tiine of approving tli¢ financial statements, the trustees, have a reasonable expectation that the charity, has adequate resources to continue in operational existence for the t"oreseeable fLlture. Thus the Irusiees, continue to adopt the going concern basis of accountin¥ io preparino the financial staternenls. Income RecoiFllition Income is reco<snised when the Charitit has entitlement to the fund5. an! performankne conditions attached lo the iieir(s) ot income hae been mei il is probabl¢ that the income will be received and the ainount can be IneasLired reliably. 1ntei.est Receivable Intei-est on funds held is included when receiTrable and the afftount can be rneasured reliably; this is orinal ly upon notitication of tlie interest paid or payable by the Bank. Resources Expended All e,xpenditiire is aLcounted for on an accruals basis and 15 classified under lieadiAiYS th<tt a(Jiriroale all cost5- related to the cate¢rory. FLindi'aisinTr costs incliide the costs of advertisintr Inaterial, and statf costs in these areas. producin- publications, printino and mailing fundraising Costs of c11-1tab1e activities include dTrect e.Kpenditure incurred through operational acti vilie5. Govemanc¢ COSTS represent the costs associated with the govemance arrangeinents of the charity which relate to the gyeneral running of the charity as opposed to those costs asSociad with fundraising or charitable activity. Fiied Assets All tanoible fixed assets are recorded at cost.
SF.RV"E IIN SQLID.4RrtY IRELAYD FINAI¥CI.4L STATEfvIENTS FOR THE YEAR EINDED 31ST.IA.YU.ARY 20?3 STATEI TrIEINT OF ACCOUNTI)G POLICILI S CvNkiniiLJ(I Depi'eciation Depi-ecialion is calcul<1ted to write off tlie Cost ot fixed assets over their estimated useful lives al the t"ollowinfF rntes- Ofyice tquipmenl CoTnputer equipment -Wlotoi- vel) icles ?0 % residual Yalue 2i'A'o residual value 2) % residual value Repair5 and Reneivals All I'epairs and renewals are w'ritten off as incurred Pension Costs Tlie cliarity does not currentlv operate a pension scheme. Debtors and Prepavments Trade debtors and oihei- debtors are recoonised at the settlement amoiint due after anv discount ofter¢d. Prepayment5 arc valued at the amount prepaid net OE any trade discounts due. Crcditors Provisions Creditors and provisions are recogn ised bvh¢re the charit¥. has a pi'esent obli¥ation resuliin(? fi'om a past event Iliat will probablv resiilt in rhe transfer of funds 10 a diii'd party and the amount due to settle Ilie obli<yati()n can b¢ Inea5ured or estiinated reliably. Creditors and pro¥'isions are nonTJally recognised at Ilieir settlement amoiinL after allo¥vinii lor anv trade disLourits di1¢. Finllncial Instruments Tlie Charity onl J ha5 financial assets and financial liabilities ofa kinij that qual ify as basic tinaiicial insts'urnenls. Basil fIn(CIal instruments are initially recoonised at transaction value aiid subsequentli. measured at tlieir settlement valiie with the excepiion of bank loans which are subsequently measiii'ed at arnortised cost usin(F the eFfeLtive interest tn¢ilii)d. Foreissn Curreneies Monetary assets and liabilities in Foreiun ¢enCIeS are translated into sterlin(v at the rat¢s of eycliange I'ulingF at the balance sh¢et ddte. Transactions in foreion currencies are translated into stei'ling at the rafr of exchange ruling at the date of the transaction. Exchanue differences are taken into account in a1VIng at the net movement in funds. Pae20
SERVE IN SOLIDAIUTY IRELAWD FIYA.¥CT.4L STATEfvI[I FOR THE YEAR EINDED 31ST JANUARY 20?3 STATEIE,T OF ACCOb'NTING POLICIES ConÉinued Fund .4ccountin Llni'esti-icled Funds e uenei'al funds that al-e available foi. use at the Trustees, disci-etion in tiirtheiince of tli¢ objectives of tli¢ charity. Desi¢ynated fund> are unrestricted funds set aside by the tswstees out of unrestricted funds for specific futui'e purposes. Restricted funds are those given for use in a particular area or for specific purposes, the use of w.'hicli is restricted to tliai area or pui'pose. Reserves Policy Llni'esti-icted funds are needed to proTride funds which cali be applied Lo specific pi-ojects to enable th¢s¢ projeLts to be undertaken al 5hoi't iiotice aiid io col'er the runnin Costs of the Charitv for a limited period: should ¢h¢ir be a SiLTnitscant ihorifall in proje¢Èed incotne. The Dii-ectors consider it prudent that unrestricted reserves should be su[clent to avoid the nece55it> of realising fi,Ked assets held for the Charitys use and to cover si.x montlis unrestricted expendiiiire. Page21
SERWE IY SOLID.4RITY IRELAND STATK.IIE)4T OF FlpNA.NCI,4L.4CTIlTlES FOR THE YE.4R EINDED J ESTJ.NbARy ?023 L'nrestricted Restriettd Funds Fuiids TOTAL TOT.4L 2022 NOTES IINCOIl.IE.4ND ENI DOWNIH£iYrs rROlI l.. Doni1tions and leftaiie5 Incoine from invesrinellts nconi¢ Ironi charit2ble activities ?1.505 ?6.)48 76,364 TOTAL IINCO:IIE A)4TI ENDONVTh£*IENTS 5.043 26,i48 i6.i06 EXPEISDITt¢RE ON: Expenditure on raising fvxds E.xpendiiurc on chcl I'ltJble akntiviti Other expenditure Net uainsl(losses) on investmenrs i76 1.600 i76 1.606 ?16 37.860 TOTAL RESOURCES E.XPE.NDLD 2.18? Nli T Ii)COfvIEl{E,XPEINDLlRE) 2,861 21,iOi 18,43U Transfers betiveen funds NET fvIOVE,TrIENT IYI FL'iNDS 2,861 21005 24J66 18.430 RECONC'ILI.4"rioTh OF FUNDS TOT.4L FUNDS BROLIGHT FORITr ARD 81.719 119.791 ?01.510 18),080 TOT.4L FUNDS CARRIED FORWARD .580 141.296 ?22J76 2QlJlO The SLitement of FinJnctal Activities includes all gains losses im the yvJr tlierefore Sltitement of Total Rtcogniseil G1ins and Losses has trot been prepared All of the above amfjuts relxts to Contiulg octi} jties Tht tsctornp4uving acconI[g politic3 tlit notts forrn pari o( rhest (lrt##ti¥l 5MlemL'NtS ??
SER VE SOLID.4RITY IBELA.ND BALANCE SHEET AS AT 31ST JAliUARY 20?3 2023 2Q22 ,NOTES FIYED ASSETS T<in&yibl¢ assets CURRELNT ASSETS Debtor5 and prepavments Cash at bank Cash on deposit Cash in hand 2?6.8?4 202,4i8 226,824 20?,4)8 CLI, iRINt LIABtLITIES Creditois and acLruals (948) (948) NET CLIIRENf ASSETS/(LIABILITEES) 22i.876 £01.510 TOTAL ASSETS LESS CURREINT LIABILITIEi S 225,876 201,510 ACCRLIAL5 .AND DEFERRED IYCOLME TOTAL NET ASSETSI(LIABILITIES) 2?i,876 201plO REPREsETED BY: UNRESTRICTED IIYCOLIIE FUP4DS 84p80 81,719 RLSTRICTED INCOIVIE FUYDS 10 141,296 119,791 2?i,876 201510 APPROI'E BI" THE DlllECTORS . GEIURD O'CONNOR DIREcfoR 1.4RM.4ID Ua B DKRicfoR ADAIR DATE 19th FebrLI 2024 DATE 19th February 20?4 The lleeompaThyiTrqv ac¢ountiTrg policies and notes form part Of these finaffjeiul ststemenrs Page 23
sER'E IIN SOLID.4RITI' IREL.41%"D ,NOTES TO THE FI..Y.4..NCI.4L ST.4TE,IIENI T FQR THE I'EAR E)DED JISTJ.4NII.4RI' 202J I. DOIN.4TIOIY.S.4ND LEG.4CIES Llnrestricted Restricied Unrestricted Restricle Funds Funds 7023 ?022 Dei'elQprnl1r Appeal T4ird Wfirlil CJii)ups Solidarity Gifts tbiiatlofib Voluniter Ci)niribulion5 Flip Fltti? frida 21.ioi 21,iOi ?0.0 20.000 148 15 148 JOO i6_3CI4 2. IINCOVI IE fROl ES'fTriE..YTS URrestrieted Restricicd Fulld5 L.fjres(ri<ted Rcstl'lLt¢d Funds Funds 2023 2022 IiieoEIIL fi'om IislLd invcsimin15 liicDm¥ trom cash 14? 14? 147 3. EXPENDITb"RE ON JUISIIIG DS Llnr¢strIct Restricted Fund5 Funi15 Uikivtrioted Restritted Fund5 Funi15 2023 2022 Promotional and lundruiiinn costs 576 ?16 216 570 216 4. E.XPEYI DITURE ONI CHARIT.4BL£.,ICTII'ITIES L'nrestricted Restri¢ted Futlds Funds Ilnrestricted Restricted Fund5 2023 202Z Develown¢nl projects Developmttnr and VolunEerincp pwgrammL¥- athMiJiist[1oll ¢05ts BLllast Strect ()utiracli Prooramme Progi'umin¢ toi OYLrse)s olUntCLr ClneS South AfricL2-I sholetela youih sk1]5 de%clopfflLnt- tary costs uih Atri¥a-Tshol¢t¢lu youih skills development- support costs Zambill-st Bakil4'S yl)Utli developrneni- Salary Cosis Zambia-si Bil kita'5 vaulli developfflent- SUPPOft costs tkmncraiic Repuhlic of CDRgo- Health InTrastructure li)dia- devilvpmLlIt projeLts - Association i)I"Propl¢ wÉth Disabiliries Zimbthbive- Young Ali'ica Youth Skills Trnining -M07ambique. cvclone einero¢iiLY resportse flo&imbique. cspital L(IUTprncnt pr(ierwnme Immcrsiun Prograrnm¢ -511PPOrt costs (Profit)Iloss on di5pos&I oftangible fixed Depi¥ciatio 10,000 6,840 10,oou 6.8411 ?0.)(} 20,000 Governiinte costs M¢mbir5hip, IrJ£ning und affili1 tLts IT and CompUr costs Aiidit fees Bank fccs 490 io i.o?0 46 io 94¥ 72 948 46 1.606 1.020 3;.860 Pag¢ 24
SERN'E Ili SOLIDARITY IRELA.¥D NOTES TO THE Ft.¥A.YCL4L STATEPrftE.)TS FOR THF. YEAR ENDED 31ST J.4LNU.4RY 2023 5. NET (OLTGOINI G)1 INCOMIING RESOURCES FOR THE YEAR This is stated after CliarulnI<Cr¢dit1n4y 2023 202? Allditors remuneration Depreciation I,o?o 948 6. SALARY COSTS AND ETrfOLLThIENTS 20?3 2022 Total Staff costs were as tollows: Ikatyes and salaries Social security cosls Other pension costs Trustees, remuneratiou and benefits There was no ttU5tees' remuneration or other benefits for the year ended J15t January 2023. (2022.. £Nil) Trustees, Eiperns¢s There WLre no trustees, expen5e5 paid for the year ended 315t January 20?3. (?0?2: £Nil) Page 2)
SERtrE IX- RITI IREL4.D I .0 I"F_S TO TPIF riN..I.NL T.¥L STITE,IIF,NT. FQR THI * LIR END£D JIST.1.4.L.4RI 211Y 7. T.4NI CIIILE FT.XED.I&SETS 01 E(PLiPm¢NI Cornpiiier Eyuipmenr IoTor Veliicks cn&r AS. 1st febNary ?0?? Additiot)S r)i.sposuls As c1131si January 2Q?' DCPRECI.4TIOh .siÉ tst Isi February ?022 Chorue tror Trt ElimiD41id on disry)s As tsi J 1st January 202J Ner boDk valllL ?U2J NLt Lxjok valiiL ?0? 8. FLtND 11.4LAINCLS Trwsfer B¢n4tcn Fun(Js CIlg CIosiT Op¢ninf BalanLe Income Exp¢tKlilur¢ 20?? Llibresiriticd f¥nds i.043 84.ig Rt$tri¢lL'd fund5: %oli(L.Iriiy Fund Th4ilanL( Pruj<Lt 40,989 .917 1.072 18.088 40J89 6.917 1,112• l8J188 40,989 6_17 18,088 Iiidift Pmjtct Beiru Projeu Coiigo PTY)jtei .gvuili Atiica ,4ppc Tibi44A PmJeLt Zwnbia Prvj¢tsl zimbab11, PrDJttLI 981 981 981 ?Q.92j 171 9.579 9.)79 4a-,9 lioi 20,DIJO 9.166 ?o.ooo Haifi PTOjt¢r 9.166 9,166 ?1ti05 Pa2¢ 26
SERVF. SOLIDARITY IRELAND NOTES TO THF. FIYANCL4L ST.4TE,MEIYTS FOR THF. YEAR ENDED 31ST JANUARY 202J 9. UNRESTRICTED tNCOIME FUND.S 2023 20?2 Bal(ince at I st February 2022 L ec incominoi'(outooing) resources for the }Aear Tran51er5 behvetn funds 81,719 2.861 79,6)9 32,063 (30,003) Balance at 3 1st January ?Ofj" 84,i80 81,719 10. RESTRICTED IJCOME FUNDS 2023 20?• Balance at 1st February ?022 Net inLolnin(0uIgoinrl) resourceb for Ihe ye. Ti'1¢ nsfers between funds 119.791 103,4?[ 21,505 (13.633) 30,003 Balance at 31 st January 202) 141,296 119,791 11. LEGAL STATUS Serve in Solidarity Ireland 15 a Company Limited by Guarantee. Each Inember has ag'eed to contribllte £l in the event of a compulsory windino up. Serve in Solidarity Ireland is re¢Jistered with The Charitv Commission for Northern Ireland. Charity Number IOOOJ7. Date of registration 28th April 2014. Serve in Solidarity Ireland is a reco.trnised Charitv within die definition of Section 360(3} Income and Corpoi'aiion Te$ Act 1970 by the Commissioner5 of the Inland Revenue. Page 27