SERVE EN SOLIDARITY IRELAND FINANCIAL sfATEMENrs JANUARY 28 COMPANY REGisfRATION NUMBER NI 073601 CHARrrY REGISTRATION NUMBER NIC I(K1037 O'HARA SHEARE.R 547 FALIS ROAD BELFAsr BTII 9AB
SERVE KN SoLIDARy IRELAN FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025 Page TriLSteas' Annual Report 16 Ststemcnt of Directors R4x)nsibilities (in of the financial statements) 17 R4X)rt of the Indqxndent Auditt)ts kn the Mcmbe 18-19 Accowiling Policies 2(k22 Staterne of Financial Activilies (incorpornting thc Incon and expenditure xcoun 23 24 SIalemt of Cash Flow3 25 Nots to the Financial Sts*ments 2&29
FINANCIAL sTATEMS FOR THE YEAR ENDED31sf JANUARY 2025 OFFICERS AND (YfHER INFORMATION Noel Genrd Kehoe tAnne Kelty PwLq I18Y 547 Falls R(1 Belfa BT119AB 547 Fall5 R(wd B¢M BTI19AB Ba•knr4 Business Banking POBOX 183 D11 Square Wtst Belfax BTI 6JS Nl 073601 XT I67512 Charlty for Nortkn Irola•d N•mber NIC I(KK)37
SERVE IN SOLIDARITY IRELAND (Iring a comFMDy limited by guarantee and tK)t bavillg a Sha capitsl) CHAtRPEILSON'S ATEMENr FOR THE YEAR EIYDED 31ST JANUARY 2025 ducation u not a w of poverty; it a Ivay of fAghting IL" This insight from African ¢dator and sthtesman Julius Nyerere speaks WerfUllY to SERVE'S mission and to the enduring relevance of ¢dwation grounded in solidarity and social justic¢. For young people fxing poverty, inequality and exclusio access to meaningful tethical and vOCl0nal educatio combined with glold citizenship atMI OPrMity for x110 is a ltical pathway towards resilierK4 dignity and hoF. thrring the year eNled 31 January 2025. SERVE in the North of Ireland cOntind to play an iniExirtant mle within the wider SERVE family. Through fimdraisin& volunteer engagement and advow. SERVE NI sUprted programmes that plxe young puwle at tbe centre of development efforts aDd contiilxtr to long.ternt Susthithle clwige in communities acro The Di¢10. Rep)rt out11 OgreSS xro&s SERVE'S core objective& incIling the first year of the lW I[ Aid fuThled SkilLsfor Yowh Resilience Programme Q02È2026) and contin1 engageDKnt with the EU fillmkd Digiial YETfv YoungAfvcanF (D-VETYA) iYoiecL These iniliatives dem(KAstrate the IM of inve*ing in vocational skill4 digital innovation and OrganitIOnal capacity. enabling youn8 people to strengthen their livelihoods SERVE Nl also remai committed to global citizenslllp education and international voluntttring as integral elements of SEKVE'S work. The Think Global Act Lixal ptogramn conlinj to engage young Fople in critical reflectiOD on righ responsibilities and global develoFment i&w vknile international volunteering initsatives provided opportullitl for learning through wlidarity alld Since 2003. SERVE b&8 p]xed more than lJ45 volunteers with partner organi4110 overseas. and the FK6ilive evaluations of the 2024 volunieffing Exogra0 affum the Co1nd value of this work The fillaA81 environment f charAties in the North of Itel8od remai challengin& IXn¢ declined during the year. refiectin8 broader W&&SUTCS on voluntary giviDg. However. SERVE Directors provide a detsiled and tranSpt account of inco, ex1ture and reserves in their Tepo¢ wthicb offers reassur regarding the OrganilI0n.S sustaithility alld fiDan¢ial oversighL I would like to exwe&8 rny sincere thanks ty the SERVE Nl Board mernbers for their dedicatson I1 commiknenL a1 to the voluukers and suppK)rtets in the North of Ireland wIM)se geDerosity and engagement are vitsl to SERVE'S worL l also wish to acknowledge the P)floallsM a1 commitment of the SERVE slaff team. whose experti and values un(kw the orgaDisation's effectiven5 at kM)me aThl overseas.
SERVE Nl is to be Emrt of an OTganisalion that Ixlieves deeply in the ptential of young w?ple and in the Wer of educ10 to thive lasting chaDg& As SERVE continws to implement its Strategic Plan 202k2028, the CODtribulion of the North of treland- through l thank all WIK) gip1 SERVE'S mission and look forward with CODfidence and deterni1On to the year alLe&l. Jolm Gerard O'connor ca SERVE IN SoLIDARy IRELAND
SERVE IN SOLIDARITY IRELAND (beimz a ¢on4xw Iwtsed byguarath and kning 4 skne capllal) DIREcfoR'S REpoirr FOR THE YEAR ENDED 31ST JANUARY 2025 The direttors presrnt their r¢port and the fiuDcil Jtstemrnts for the yev 3111 January 202 i. srRUClllRE, GOVERNANCE AND MAf4AGEMENT The oryants#lloA b IA¢orporAted u i lImh company since Arygust 25th, 2009, Under Companies (F4ortbern lTrlalld) Order 198& The company registration mDmber NII)73601. It regmtered chrity in Northern Ireland with registration number xr 16752. The charity bls thr¢¢ Trgtstered member& The directorj are el¢cted st Annual Gener1 Mttting by the memben prexnL The oryarimlion iticoryornted in the Republi¢ of Ireland M * compuy limited by guar•nteed oot having a Jhare ¢apilaL It incorpornted uDder the CoThpAllie8 Acts 2014. The objedive of the Company il to relieve third workl poverty. It ij a chaiity ntuternl with the Charilies Regul•tory Authority And beeo grnnted tsx exemptio by the Revenue Commbsioner5 in ITelnd, with reptered charitable laxation No: 18154. The Rqiitered Chyity Number Li 21X16m4. Thii company Iw teD registered ember& The number of memben rnay be inereased from time to time by vote of the saMI member& The directors of the eoThpany #re 4)POiDted by the member& Distind and yxrate finut1 itstements xre prepared and filed for Ith ebarili4 The dir¢ctor3 who served the ¢OMpY during the yer wer¢ u follows: Gerard O'connor Disrnaid U Brudgir Noel Gerard KdLo¢ RoDan Cunningha Lanne K¢lly Dir¢etors sre retruited through * eombioation of boih exterDAI and intern •dworking• CandMl•tu for appoinlmemt to the Board are prioritiwd bAged o• the Board's requirements for ¢xpertiJ¢ fro• lime to timv. for example• in thc areas of developmeD6 mirkelin& law. fdri$lg or governan It ij intended that Ihe Board sknuld ¢ompri* of a of expertig¢ and diYipline& DirectorJ reLYive indudiom training UPOD seleetion aDd are subject to a Six- moDth Initial trial before forn appoinlmenL The boardgs directors Are dr4wn from divene backgrnulld
inz a coryany limiled ty guarantse and having a share capithl) DIREOR's REPORT FOR ThE YEAR ENDED 31ST JANUARY 2025 in¢luding financ4 developmen( legL 1ry youth Dd ¢ommunity, who bring to the Bo•rd .iigDific•t profe1 and dttuion-makins ikilb achieved in Iheir respective fields together with a broad ruge of experienee and view& There are no SERVE In Solidarity Ireland has devcloped a t¢mplt¢ where the board rtteives timety informalioD St appointed times aeross the agreed prillcip irtas of athitiej and concern Th lemplate prepired in g eakmdar forniat whith ensures that relevant are Coldered by the Boart The Board met four lim¢s during 2024. The direetorj aeknowledge their overall r¢spoDsibility for SERVE In Solidarity [ld'S systeins of inten1 Control and for reviewing its ¢ffe¢tivenesg. The Board hs establkslKd a proeess of compliMce which ddreues the Boards Tvider responsibility to mintaiD. review and report on Intern Contro iKllldiDg financial and operationaL There are six kry pillm that we rCeS bout internal controL& Key ekments of the iDternAI control systems include: I. SERVE has dur polieiu and proeedures in place for the receip¢ r¢tording e•ntrol of donsliolls nceived from private individ•2b and from olber sources. I Proeednru Control systems are fornially do¢umented in a seriu of rthership and project agreemen1& lolern•l control reviews of partn¢ra are compkled and documellled u Tvell Is illternl andit& The agreements reviews are appraised OD a bi-annu bMi& 3. Tbere is A formal orpni8Alioul structsre i* place with ¢lurty defined li&eJ of rupoAryibility, diviswn of dulles and ddegatiom of Authority. 4. A detsiled budgel u prepared annualty which li In line with the strxteEiC plan
nd approved by the Board Aelllal r¢sults and service out¢ornes are compxred
regul%Tly against blldget and prior year ts ellre 11¢llt budge¢ tizbt administrtioD eontrol vlv for money. S A su11tteZ foeused OD udit reports kndependenlty to the Board on all aspects of eowlrob and rnk& 6. The B•Jrd maintsins A reserve polky that exeeeds the minlmum recommmded for ebrilics (three momths reserves) to mitiyle tbe iAereasiog rnks of the qneertain economy and lo eAsnre svtxinxbility of our servieu. Our actual reserves would Dot knve been le thaD fifteen molltbs during 202
SERVE IN SOLIDARrrY IRELAND DIREcfoR'S REPORT FOR THE YEAR ENDED 31 JANUARY 2025 Th¢ dirtrtors are responsibk for the implementxtion of the $te&Re plan, easllring the 0rym1tiOn ig effe¢live in the delivery of its aetsvitxs and acconntsble for tbe resoure under its controL The SERVE d1Clo in the Republic of Ireland delegate significant responsibility to the Programmes and AdminDtrglion Manager, aud the D¢v¢lopment Prngramme M18tr. Both, the Progrnmmes xod AdminutratioD Manager. and the Development Programme Manager, report directty to the Board There art ekar distindiolls belweerd the roks of the Board •nd the Programmes and Development Mr. to which the day.ttrdy manazemat li delegatsd Responsibility for the impkwentation Ot the intsrnal te•S li delegated to nlaDAgemenL Matters reserved to the Board delegated to the Progrsmmes Manager, and the Devehpmeot Mager, are oudined in the Organisath)n's GovernaDce MaDuL The Prozrammes and Administration Manager ts Ihe key person with delegated r¢4ponsibiknty for the dy4Hly •n4ement of the Company In th¢ North of Ireln The directors are responsible for prepxrfnz the Direetor's Report and the statements in x¢ordan¢¢ with applible laws and ngulatioiL Compa•y requins the dir¢¢tora to pryr¢ financi glatements giving a trne and ir view of the st•tr- of- ffairJ of th¢ company aDd Ihe net income or expenditure of SERVE for eeb year. Under tht18w the directors have elected to prepare the finaH¢iAI statem¢ats ID eeordaDc¢ with FRS 102: the Finan¢il Reporting Standard appliubk to the UK And Repllblic of Ireland ('rel¢vant financial reporting frxmrnork In prepring lhese fw•llcial stslernell the dinctors are required to: Sek¢t suitbk ae¢ounling polieies for the eompany fjnncil statements and then appty them conjistendy. Make jlldgemellts and ttlimiles that Are rellbk #nd prndeDL Observe the rneth(MlJ anql prineipks in the ChritieJ SORP. State vknether the fin•neiil statements have been prepared iti aecordnee with the ppli¢able aecounling standrd4 identify those Jtalldxrd4 and note Ihe effe¢t and the reasoDJ for amy mattrid dwrture frorn those st*ndards' and
(bonz a eonwany linthd andnrthavinz a shdre caprfa4 DIRECMR'S REPORT FOR THE YEAR ENDED 315f JANUARY 2025 Prepxre the fill1 ststements on the going Concern buis unless it is iMppropriAte to prLwme that the company will conlinue in bujineu. The direttoys re responsible for keeping adequxte Aceounling rttords wbieh di with reble accuracy •1 any lime the fiDan¢id posilion of the eompany. The directors kne responWIty for and are aw#re of the rtsks allociated with the operaling etivities of SERVL They art ¢ottfident that adeqllate Jyst¢mJ of internal eolllrol are im plxe and that th¢s¢ ¢oMtrob provide usurMee yinjt s•ch risks. The board uplated SERVE'S the rnk rezisterill Juty 21Y The Direetors of SERVE In Solwlarity Irtlattd. in Ihe North of Irelan4 are salirfd. that Ihere are no inciden¢¢s of or gro finDeial management among its kry partner& The Dirttlors in the Republic of Ireland reported Jimilarty for the year ending 311¢ 202& SERVE'S parthers Ire externalty audited by reg&stered in- eowitry auditorsg audit rtp•rts and mulzement letters are eumined by SERVE'S gement a#d board members lm Illle whh omr finAdal policy. It b the eurrent opinion of part9 iDdep¢DdeDI avAdilors that their respective financial statements tive a true wl fair view of the slate-of- Affairs of eaeb partDer. SERVE eomplet&q a Muyaber, •f fwancial mojitorixg Wlts to interntM)nal parlner& SERVE abo with parlnerfs rwanci mangers as part of routine monitoring and evaluxtion prnet& RevTh of partnen other donorfs reports audits provide hrther se¢urity SERVE M eornmittul to • Jtrxtwe allianee wilh Young Afiica InternllonaL Ste%1¢ pwtsership with illternatiollal partmers and oryanlMtlons Iq seen ay a kry vehicle for SERVE'S mAero kvel engagement and intenulional advoucy. SERVE Nl benefits fn>m SERVE'S •embership and partsmhip with Comlthh and Dochas aDd IDE
DIRECTORYS REPORT FOR THE YEAR ENDED 31ST JANUARY 2025 SERVE is a devthpment and volunteeriDg orgsniulion eommitted to taekling poverty the developing worhL Inspired by the bdief thst 'Solidarity im A¢tion' improve the livu of the most VulDerab SERVE works in parthership with local communitiej and organiutioLK Our work o rooted ID strtryK ¢ooperatiOD with hish commullities al home and bYoad Slnee kneepllo4 SERVE Iw supported initialives In Sollthern Afriw Sollthu Asi alld South Americ& Our development prozrmme8 have a strong fornj on hdpiDgyou•g people gain employment or stsrt and develop their bwioew •fftrimg MI I1•¢ vocalion and ¢dtIoN1 learning opporlunilies SERVE'S vision is of * workl every young person opporthnity to reall their potential contribule to posilive aDd Jwstainable ehNg¢ Dn their soeietie& A world where fairw ¢quality Md A belidin shared hwDatiity prevL SERVE'S Vahej: Solidarity. We stDd In Apport of All those we work with, united in our concern on of sotial jwtice and equality. Commitsent- We are commiiled to working through partDership9 colla1r#t1D8 with our partRer& in good limes and ba4 in x spirit of mutu respett and ro8poMibility. shared values Illd oWmerJh1 We are committal to young p to •llowiAg thelr voices to zwide omr Ivort and to dolng wh2lffer we to help them thriv Yomth Potenti We believe in the limitle Potenti of yoMDg people and choose to foeus OA them ts they kry to a brlghter thtsre for thelr ¢oumunillu and our world We vthe empow¢rnienL eollboraliong iMDovalion and creatsvity ' response lo their need& Aecountxbllity. We hold oMYselv¢J alld ox 0th¢r mponsibk for ensuring that we ddiver impa¢4 and tknt our work IJ Mderyimed by trawpAreD¢yg inl¢grity Ruped- We valle the equl dAgDity Md worth ofall peopK rwted in our sh*rtd bumlnity. We are grounde4L allthentie and true to our8dv¢s.
SERVE IN SOLIDARITY IRELAND (beinz a coryary limded byzuarankn and ljavinz o skn capilal) DIREcfoR'S REPORT FOR THE YEAR ENDED 31sfJANUARY 2025 3. REVIEW OF THE AcfivmES OF THE CHARrrY The Dirntors sd five objttlivu for the year ending 311t Juuary 2025: l. Objetdve I: To sueeessfully implement Year l of the Irtsh Ald fonded Skilb for Youth Rallien¢e ProgTmme {SYRP) lo202& The Dire¢lorJ report on the results for the period l J•ly 2024 to 30 June 2025, pr¢senllDg Yar l of the three-year Aid funded Skill% for Youth Resilien¢¢ Programme (SYRP) lo202@ implemented in Zimbabwe and Mfxumbiqu& While SERVE'S fioancial year enth M 31 January 204 the SYRP programme year nu frou Joty to JUD The prograMe is impkM¢nled im prtner4hip Y•w Africa Zimbabwe (YAZ) in the peTrurb•• eommuDilies of Chitsngwiu #Dd Epworth and through Outreach TrailliDg in und¢rJervtd areas of ZambabT4V Young Afria Moyxmbique (YAM) in the peTrurb• community of Manga nd the rniil Community of Dondo: and Yomng Afric2 Hub (YA% bJcd ID Zimbabw4 which prnvides oversigb4 qUlty mUrCe and oryamisational str¢ngthenin8 JUPPOrt across Ibe Young Afri networ The progrnmme goal b to strtnglhen the eeoDomie and emollonal tyslllence of ryinltsed young peopl< with aeliviliu struetured around three core piuarj: (i) Skills for Economi¢ Railieocv, (li) ski for Emotional Resilience? and (ill) The key onlputs nd results Aehkved durlng Year I Inellld . 3m7 direct b¢nefiaari¢g reathe4 induding W young people (M:SI•A I F:49•/•) 44 ad1 farnerJ IM:23% 1 F:77%1 ex¢eediM£ the Year I larget of 2370 benefitiries; . 5f/• of grmIleS e•pged ID income-generalin8 eMuoMie activity, with 70•A reporting that iheir work Li linked to the Skills acquired through Young Africa IllIng1 ' Erxdualu ¢arniMg a rtguknr monthty incom4 compared with • bseline of 4••/•9 Ivith approxinitety 45'A of graduateg reporting C¢ODOmie iDdependenee• • 31Y• of grndut¢s reporting uvinp to support eOrnIe resilie•e& exeeediDg ihe Year I target of 25 /• ' 74 /• of grnl•ates reporting greater ageney •ver thelr indudlxg Improved confidence and Eoal-selling: . 61Y• of grdutes repoTtiNg Improved knowledge and 8dioDs 1118 to kn•l ttd Reprfjduthe Heallh Rlgbts, an Ineruse from a bajeline . Sli strategic investments eompk¢ed in training infrastrneture and equipmen4 impwDviJg the quality and rtlevaD¢¢ of voealiomal traininri • 134 mxrwnlued young
DIREcfoR'S REPORT FOR THE YEAR ENDED 31 JANUARY 2025 peopk (M:48Y• l F:52 /•) Trfarded scbolarsbips in MwAmbiqu4 improving access to trnining for those from the poorest households; • 169 young peopk (M:38•/• l F:62"/•) completiAg O•treach TriniDg progrmrnes in UrbIn Bulawxyo, Zambabwe; • 44 adult farners ID Dolld Motsmbique completing aimlte Railience TraiDiDg focused on dIDte-srt agrieultsral prctices: . Four eommunity-bMed climate ehxnge awarenem and ielion initialivej implemented in p•rthership with local authorities and . Kry organitiOnal up¢ity building adThilies ¢ompl4 indlldiDg i•ternd audil processes and diMbility4ocLqed upaeity itrejglknw at Young Afii Zimbbw Despite challenging economk ¢ondili(ms in both eoontriffj Year l Mults demonstrate posilive progress towrds strengtheniDg youth resilienffj improving employability and iDeome outcomesg 2nd enhancing the orpnbathinal e•pAdty of prozrAmme partllen. Obiethe 2: To sMeee&rfully implement Year 2 of the EU-fided [VETyA projert focused OB dtlii'ering digital voutional educatioD trxining opporluniti49 for disadvMtaged young people a¢rosJ Soutlm East¢rn Afii During the year UDder review. SERVE eonthiued its role core benefieiary In the EU Dded Dytxl V(KatioDal Educati( and Training for YoMDg Afri¢w ID-VETYA) prnjeeL Th¢ proie¢t ws delivered ID PArtsership with Youn8 Afriea InterDAtiona4 Young Afiiu Zimbabw@ Young Afri¢a Mwambique and Europeall Itt111 parts¢r with the overall obj¢¢live of improving ac¢ess to Inchsiv highD811ty dIts1 VET for SigDifi¢xnt progrejj made during Year 2 in the developmellt and rolh)ut •fYoung Africa's digitsl karning e¢osysteTh. A robuJ( moblle-friendly and fflultllingul etxsrnhg Pltf•rm wls developed and made avaiknbk to young people across the Youmg Afriea network By the end of the prnjttt wiod. 5J61 young peopk Ivere registered on the platform. with wers drawn priwrlly from Mozambiqu& ZAmbbwe d 7awbi4 thngsKle additional uptake in s¢vernl other Afric•n eollntrie& Six fully diytslixd voealional Courses were Avilbl¢ oa the plarform. Ivith A further ¢i8ht eourses at u advancd slge of compkliou and s¢h¢duled for r¢lA following the projed period. The project alqo delfvered the Young Afrka Post Grnduate SeThke Toolbox (PGSTI #n innovative digtal plarforni designed lo support graduates, trxmsilion into employmen self-employment pd opportunitie& Th¢ Pc enAbla graduates to develop profiles acce C4Teer guid2uc* resourct4 CODnett employen and meAtor4 and explott mieroeredit financial literaey xupport& Both the ¢lxarnillg Platform and Ihe PGsf Tvere i•t¢grated with Young Afiica's mo•itorin& evtiOn and learning Systems strengthening the orEallisalK•n's capacity to trAek o•tcomes aDd CODtinuousty irnprove programme qwality. 10
SERVE IN SOLIDARITY IRELAND (èeiAZ a conyony limtted byzuarantse andnrt kninz a 5kn capita4 DIREcfoR>S REpoiYr FOR ThE YEARENDED 31ST JANUARY 2025 Inslilulional bllihlipg was s co QMnpon¢nt of Year 2 d¢livery. Twenty-nin¢ Young Africa stsff and trainffs alomgside trainers frnm extern VET organtyatiODS, were trailled in the use of digital karning toob, curriculum adaptstAon and onliDe delivery nethodolo%ie& The proieet #bo sTrpported exte1Ve divemimation and knowledge4haiinz eDygiDz with VET oryaniulious ErsmLtr National Fotal PolD EU DekEtions and Membern of the European ParliCL and pmilioning Young Afri¢8 as a kader iti dlgitsl VET vrflthln the non.forTr21 eduulion An external evthlion completed during the year eonfirnied the relthanttJ Innovatlon Ind strong potrlltial impa¢t of the IvETyA proje¢L Ivbile some elementy ineludthg ¢oune Mpload and wider fornil pxrtA¢rships were onty prtiAlly 2ehi¢ved within the project tlmefrxme due t• the seale And eomplexity ofcuniculnm adaptation and ittkniul developmen4 the projttt lid x strong foundation for lonterni imp¢L Tre dytsl pknrforns developed thrnugh IvETyA are expttted to sigDifieaDIty expand Act to vocational trinin& stregthen dithI skilts attd Improve employablllty outcomes for young people across the rewn ID the years tId. Objective 3: To empower emabk young peopk at hoine oversw to llnd¢r8taDd thetr rights and io critically engy with development issue& DwiD8 the y¢v UDd¢r review, SERVE ddivered its Glob Cilllenship Ed•caliom (GCE) x•d volnnteerinE progrnmmes wllh a stromg focus on empowering young people im Ireland ovenw to uwkrjtsnd Iheir ligh strengthen their agency and eritically engage Wpdth global development chalkDp Central to this work Ihe ThADk Global Ad (fGAL) prngramm& sllpported by lrnh Aid. eombined Struc £dDcatio experieDtil l¢arnin& voluDte¢ring eomrnuaity actio The TGAL programme suc¢essfulty supported participts to deepen Ihelr nder¥tnthg of glob jwlic4 solidaiity And partnersh1 attd to trslate lurnlng into pradiul Forty-six parti¢iPaDts were direetty eDgapl through eombiDalio• of in-perjon W0hoP Ole kAniing• mentoring• ¢Mlive expreJJioD and overseas local ellpgemenl witk aD eslimated 710 peopk reached indirectty lkn••Ek projeety voluAt¢¢rAng acliviti¢J and peer eNzagemeuL Indepelldent Momitoiing kned sigmifiunt inereases in partswts, knowledge of glohl ciliLffiship is8u¢s nfidence in diqeusslng these iuues v4illingDess to take adion. with 94./• of particiwts reporting high Or very hqh kv¢b of GCE knowledge by the end of the progrwm Pr•8ramm¢ im¢lud¢d flllHy In-penon GCE work%hop4 online guest faalit*tor xsgiow featsring voices frnm the Global South, NortKSouth ¢x¢hange eVell and creative methodoloEiU such tolleelfv¢ aelioD thTOU8h artslie exprusion. Parts¢ipants were sllpported to critically explor¢ i¢3 Induding iBequAlity, climate righty gtnder eqllality and ethical voluolttringg to rellect on the
SERVE IN SoLIDARy IRELAND liMd by z¥qrMl¢e and noe lJ4viRz • sljare capilal) DIREcfoR'S REPORT FOR THE YEAR Ef4DED 31jANUARy 2025 linkn betwM local and 0b11 eontexl& A stroog emph2sis was plxed on the prngraue TI the compklion of coniThuMity •eliom proie¢ts by partlciptits, ewblimg tbem tt• *ppty their lerrig within their conniuniliej in * sustsiDible
Dd matiinlful way. Parti¢ipnts ewged in * Yuze of aclioDS including Ioc41
voluntttri•%i awxreness-raising •d1vit and ¢reaiive initiltives linked lo the Sustinble Dcvdopment GoalK Mw participuts eonlinued their engagement bryoDd the formal proyamme demonstrxling the proyamme's contribution to longer- tern civie Plrticipation and glohl ¢ilTLeMsh Through these actsvities SERVE Strentthened young peopk's eApAiity to ¢ritsclty engage Tvith global deveknpment iwies fostered iofornied and activ¢ global eitizenshAP, ajd reinforted the OrEani(lon,s CONltMent to linking ed•cxtiom. voluntettini and aetion ID pur5uiI of SOCI jllsli Objertive &. To priorilize swliAAbikny 1 dl leveb ofsERVL The folknwing ¢omparnliv¢ i•formati•m offerd some salient information About SERVE? •ding be in th¢ N•rth of Ir¢knAd: 31h)Ir25 31A)In4 35J68 20,IMKI Totsl Income (£) TotAI Raiiict¢d Income (£) Total Unrcstricted Income (£) Gmt Income (£) Volllntary ID¢ome (£) From the P•blic (£) Obje¢tive 5: To stTenEthen SERVE'S effediv¢ness aceounlability and youtlpfoe•sg arlAE the Aeu&wy capabilitKs qulity proEr•mes lo ddiver its SERVE ¢oxtinHed t• slrengkn its •ryuMlioual effe¢tive81 apd c¢•umtability through ongoing inveslment ID gDverAan¢& systems polieia staff Capacity. The Bmrd maiAtimed •versighl of Jtratrtic impkrnemtatiD4 risk rnall4ement and cmpliaDce• whik maMgemeAt focwsed om embedding krniMg from ev¢10 audits 12
(being a cryany limiled by zuanMtse and nol having a share capital) DIREcfoR'S REpoirr FOR THE YEAR ENDED 31STJANUARY 2025 A strw emphs&q placed on maintaining a dear youth fo¢us aeross all #rtas of worK ensuring that programmes remain relevan( inclusive and reJpoMive to the needs and spirations of yowng peopk iKluded invuling in Jtsff skilb and ¢pabilitiesg strengthening moitoriD& evaluation and karning syst¢ms> and eDsuriDg slandards of programme qUlty and 52feguardiD& These efforts support the ¢ffectiv¢ delivery of SERVE'S Strxtrpc Plan 2024-202& 4. OPERATIONAL SUMMARY E4Knditve on developmellt progrxrnmes thiounted to £45A52 (2023 £2W71. Grnts Ivere allotaled to the Amffiation of Peopk Tvith Disabilities (APD), BangJlore> India £13W7: Cebffj Developmen4 Philippines £20.00fr. Mazabuka Education projtt £9JTr, Beira Tvrf. MozMbAqu< £982: Mllvamba Water. MoaThblque £lJb4 There was ao alloeatioR of £4W to international volunteering by SERVE Nl during 2024. Sinee 2003 SERVE Iw placed a totsl of lJ45 volunteers with partntt5 in the devdopiDg IvorkL The 2024 volunteering prnje¢ts were very posilively evalugted at relurTrvolwil¢¢r eonference weekend in Rolbery. Cork The SERVE Think Glob Ad programm¢ was impkmenied in coDjun¢tion with the intrntional volunteerfmg prograrnm SERVE also funded dllrimg 2024 an illternation volunteer working 25 a Monitoring d Evalution Officer im Zunbabw SERVE £omThitttd ts Global CItrzebiP Eduution and emsure that it is i•tcgrnl part of all SERVE operalio D•riDg 2024 Ibe SERVE Think Global Aet Iml ws ag•in suc¢eJsfdlty rolled oul engayng forty•SiX yOUDg adults in a programme delivered prineip2lly at the SERVE ¢mpus in st CorK with some moduks delivered through digitsl platforu Fair Trade Flip Fltsp Friday Belf•st rais £310 d•ring 2024. 13
SERVE IN SOLIDARTfY IRELAND (beinz a com4mY limdedby gmarantse and kninz a share capdal) DIREOR's REPORT FOR THE YEAR ENDED 31sf JANUARY 2025 FuKdrai%ing The directora will eonlinue during 2025 to Appty $trAtegies that geneTrte new drnlling incorne streain& NAPICL REEw Tbe results of the year are get out IM the Alldited ststement of fmn¢ial activities of the orEaRatIo OB pa8¢ Ll which shows • defieit f•r the year amounting to £-25.705 (2024 SurphLs of 4419 SERVE i * resitred eharity in the North of Ireland 16752). SERVE Income In 2024 fdl by £9.784 IA the Norlh of Irelan Dirert Cbaritabk Expenditure 99V• (2023 9V/•N GoverDan£e cojts the ¢oJts of rabing funds In totsl were lus than J"A Unrejtricled Incorne is treated income apart from restiirted ineom& It b ineom where the donor hs Dot duignaltd the income for A specific PUTPOX It is used by SERVE in the furtheranee of its work and objedive& Sllch may be held to finan¢¢ worknng apitxl or my be at the diwretion of the ortiOn for Jpeafjed purp(•seJ that are Ivithin the airns of th¢ orywni0ll. The board apprAiiiAg the xdminilirxlive and operational ¢ts of the orgaDualiom, thtej lo¢ome from unrutrith income to cover these costs allote tho to programme eo8ts aDd refully revirns the Amount required to be held for emergeneles aDd to Cover There are reserves of £205¥JO (2024 £231395) at the yeaTrend January 31.2025 0 hold in the North of Ireln& There are three importaDI faetors relev•nt to an aMatyJiq of tIKse reservu: (1) £102926 represents a prndent urestiithd rejerve (2) There is £9,166 that rdales to IOD8 school development in Hity" 13) The remaining ruervu of £93898 IB Th•de up •f £13A68 reltiDg to the Pbilippinffj £1907 r¢lated to Thailaad: £14M7 nl•ting to South Afiics £1,022 fflating to Brazll; Solidarity Fund £4W, Zanhbwe £IJO& •md Ukraitt £20,INX). SERVE is mMItted to maintsining At a mlnlmum £15JIOO in unrestrid¢d reserves in 14
SERVE IN SoLIDARy JRELAND (being limiledby zuaraxiee 4ndnrf havinz a share capilal) DIREcfoR'S REPORT FOR THE YEAR ENDED 31sf JANUARY 2025 the North of Irelan(L The Mijimum rexrve will be Incre¢ proporlionalty if rnnning Costs increas& knounts over bryond the amount will be urehlly stewarded ID the iDterests of the orynisation th¢ beDefiei2rie4 we Rrv& Reserves wllL 1 all times be rnaintsined in ae¢ordaDee with ¢harity regulations and best prac11 The wnrestrieted reJerv¢s of £102J26 (2024 £A606) on 31rt Janury 2025 presents * 4Y• InCree on the previous year. The combined merves of SERVE belween Ibe North of Irtknnd 2nd the South of IrelaDd are the eqllivalent of approiimalety 15 months (2024 15 Nonths) of the running costs of tbe org2JtsadoAL & EVENTS SINCE THE YEAR END the opinion of the Direetors the chlkngeJ POS by ellmate justice and the ppropriatene&s of illternation fyhts ID the Context of climate frality pose a ehallew to the bighty regarded SERVE international volwitttring programm¢J. Th¢ Dire¢tors Ivill continue to Jtudy issues pertaining to climate chang& Ther¢ have been mo post bthu¢e slKet adjuslments made lo the $tatemeAts. 7. PLANS FOR FifnJRE PEIUODS Fulure Dnylopments Se¢uri•g and retini•g reliable rr¢S of fundiDg remaim the key ehallenge for SERVE over the lle number ot yean. SERVE ID Solidarity Ireland Programme Plan for 2025 li baxd on five kry obittknej: l. To suecesshty implement Year 2 of Ihe 3 Year Irish Aid funded 'SkiUs for Youth Resilie Progr*mme' 2024202& 2. To Ae¢eMfulty implement Yr 3 of the EU D-VETYA funded projttt fo¢used deliverimg Digithl VET opportunities for diudvanlagl youTh8 people acro
thern affld ¢ern Afrie
- To empower aDd enable Young Peopk at home and overnas to undersland their rights lo eriliulty eNg*ge with Glohl Developrneot
- To prioriloe sust•inability xt all leveb of SERVE.
- To review SERVE'S ory•nisaliomal stru¢tsre and progrtsj towards attomplislpmeDt of strategie go*b. 15
Ou behAlf of the Board John Gerard O'connor (ChairyersoD) f¢Jl. C&.J DianDaMI Ua Bru*dAir 16
SERVE IN SOLIDARrrY lllELAND FINANCIAL %fATEMENTS ED ARY2 ATEhf£NT OF DIREcr RS RFSPONSIBILrfiFS The directOT5 are respons1 le for preparing the Dire¢lors' RetK)rt and the financial statements in cordatKe with applicabl¢ law and regulation& ComFwny law requires the dire¢tots pr¢pare finaocial statanents for each fman¢ial year. The Trus*es who are also director5 for the purposes of cornpany law, present their report and the financial statrmts of the charity for the year ended 3 1st January 2025. The Trustees confirm that they compty with the r4uirements of the Charittes Act (Northern Ireland) 2008 and Accounting and Reporting by Charities: Slatement of Recommended Prxtice which applies to charilies preparing their a¢counts in xcordance with the Financial Rewrting Standard 4wlicable in the UK and Republic of Ireland (FRS 102) (cfftdivc l Janw 20151 Under company law the directors must not approve the financial s1atements Unl they arc satisfKd that tlw give a true and fair view of the stale of affairs of the company and of the surplus or deficit of the company for that puioj. In preparing those flliancial slatanenL% the directors are required to: - select suitsbk xcounting w)lici&s and then appty thern consistently: . make judgements and cstimatas ar¢ r¢asoTrable and pruden¢ - prepare the financbal ststements on the going concern b&sis unless it is inappropriats to presu that the comp•Jy will continue in IsIneSS. The dTrector5 are rwibk for keeping adequale xcounting records that are suff[Cnt to show and explain the compan$ lyansaclions and dftsclose with reasonable racY at any time the financial x)sition of th¢ comFAny and enabk them to ensure that the financial stht¢ments Comply with the Comp1&$ Act 2(6. 7ky are also r¢snsible for safeguarding the assets of the company and h¢n¢¢ for tsking rcasonabk steps for the prevention and delection of fraud and other irr¢8ulariti& tn so far as thc directors are aware: - thue is no relevant audit infonnation of vthich the cOmpanS auditor is unaware; and - the director5 have tsken all steps that they ought kn have thken to mke thems¢lves aware of any rekvant audil infomialion and to eslablish that the audilor is aware of that infonnation. By order of the boanl: 12thJan DATE 2026 GERARD (YCONNOR DIREoR Page 17
ERVE IN LIDARrrY IRELAf4D FINAf4CIAL ATEmE[s R THE YEAR ENDED31 JAN REPORT OF THE INDEPENDENT AUDrroR T THE MEMBE We hve xlikd thc SIm of in Solidarity IrelaTrJ (ts'charity) for the yar 31 January 2025 whKh Swemurt of Fina111 A¢livili4 thc Baltt Slrf the Slatemeth of Cash Flows and the tM)tcs to the beai applied in their ts ali¢Ie law and Unital Kingkn Alrounling StaThW including Financlal Ryrting StsMlJrd 102 ThefmaKial Repxtsngsthknd opplicable in the UK Republic oflreloO (Unitcd Kingthm si a •xl tsvielv ofthe slate of the affaiTh as at 31 Jawary 225 aThl of its iwing Repjblic of IRlaThJ (FRS 102) (effeaivt l January 2015). (CIArili¢s SORP (FRS102)X the FInwKI Rep)rtin8 SlNlard aHJlicable in th UK •Thl RebliC of Irel•Tht (FRS l(r2A awjit of the xcouts in the UL inclthlirq the FRCS Ethi1 StsrKl¥rt arml we have fidfilled our othcr ethicol rwibilitie5 pmvth a trAsis for our (yinio We in w of the folkming in rel&ioa the ISAS (UK) rowlre tss to rqx)rt to signifi¢tt aknt the ability Contin to the going conccrn tsii of for a In with ow *Mlit of finCial our Te5pMibility i5 kn Ttad the informth arf in doin8 $0, We have Nthing to t¢p)rt in this Page 18
SERVE IN SOLIDARrrY IRELA FINANCIAL STATEMENTS R THE YEAR ENDED 31ST JANUARY REPORT OF THE Ii¥DEPENDENT AUDrfoR TO THE MEMBERS, In the of the knowl ¥J uThleIng of thc Trustees its enV1rNu oiained in the course of the gudiL we We Imve 18 to rqhyt in resr1 of following matters in reI10Th w which the Companies Ad 21KKfj requires us to i( in OUT opinio halt ort 811 the infomiatiffl and expkni(s we Towire for ow KliL the of LX¥Vry law. are resAsL Ic for the wryaTation of the financial slments for being satisfied tFot is a higb ofassttrallt4 Ixrt is nota that an alit in Xc0rd with ISAS IUK) wli l al deteAa This tep)rt is made sokty io tt¢ ¢lwitable comparfs &$ a b1. in accord(t with CIW 3 of Part 16 of d)e To the full¢st exteDt pumillr4J by law. we do not xcqrt or assun% re5WXLSii1Ity to wonc other the dwitsble wmpany •NI its Mcmi as a Im. for awlii for this w or fw the (winions we kna f(Yme41 IAWRENCE SHEARER Sewior Statwlory Audltor FOR AND OM BEHALF OF O'HARA SHEAREK Sl*tstory A•ditor CHARTERED ACCOU]ATs AND sfATirroRY AUDfTORS 547 Falls R(wd Beira r119AB 12th January 2026 P4e 19
Fll¥AF4C]AL STATEME FOR THE YEAR ENDED 31ST JANUARY 2025 ATEMENT OF ACCO G POIJCIES Ihe Finala1 Repxting stand which applies in the UK and Republic of treland ffRS 102) (efflxtive l January 2015) - (Charities SORP (FRS 102)). the Financial Rqx)rting Standard applicable in the UK and Ryblic of Ireland ffRS 102) and the Cornpanits Act 2006. At the time of aFV0vi the financial Aatemert& the trustees. have a reasonable expxtation that the charity ontinue to lopt the going concern basis of xcounting in Fyrparing thc financiat SLiten toMe is recognised when the Charity has entiilement to t funds any twforman¢¢ conditions attached to the iturfs) of Iorne have be meL it is wolbk that thc iorne will be received and the amount can be measured rcliably. tnlerest on fillxls held is irKluded when CeIvab and the amount (xn measurcd rcltably. this is normally U)n notificion of the interest Paid Or payable by the Batt A&1 exlitUre is ted for on an acLruals basis and 15 classified under he&lings that aggregate all FU1raIsIng co#s include the costs of vertISIn& producing publications printing and rnailing fundraising COAS of cbaritabk xtivities include direct ex11¢11 incurred through opernlional activitie& relate tt) the ge1 running of the charity as opp)sed to those costs associated with fiumlrnising or charitable ivity. All tangibk fixed assets are recothd 4t cosL Pagc 20
SERVE IN SOLIDARITY IRELAND FINAYL CIAL STATEMENTS FOR THE YEAR EIWED 31 JANUARY 2025 STATEM OF ACCOUNfiNG POLJCXES Conlinme Deprecialion is d¢ulated lo write off the cost of fixed assets over their est1rn useful lives at the following rnles: Office equipnient Computer equipment Mots)r vehicles 2(P/• residual value 25% rIdual value 25% residual value All repairs and renewals aff WTilten off as in¢urrcd Penslots Costs The charity does not currently operate a pension scheme. Debtors Prepyments Trnk debtors and other debtors are recwiscd at the Settlement aDXXmt due after any dlscount offercd. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors and Proviw Creditors and provisions are regnIsed the charity has a prent obligation resulting from a p& evcnt that will pmbably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliabty. Creditors and provisions are nOrnllY re¢ognised at their sthrnt anllnt after allowing for any trade discounts due. Tr Charity only has fmaocial &ssets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially reCognid at transaction Val and subsequently Meas at their settlemtht value with the exception of bank loaTLS which are subsequently measured at amortised cost using the eftedive interest meAh(Ml. Foreig• Cwrrevies Mooelary &s%ts and liabilitics in forei7 currencias are translated into sterling at the rntes of exchange ruling at the balancc shcct d*e. Trnrnsactions in foreign currcnci&% are translated into stcrling at the rate of exchange ruling at the date of the Exclmrtge differeft are tskett aCC4wni irt affiving the net Inovement in funds. Page21
SERVE SO AIUTY IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025 the obicctives ofthe chxity. Re#rictrd fithds are those SI for usc in a pticuknr area or for specifK pUry the of which is UnreIC funds ale needed to provide which can be applied to spe¢ific proittts to enable thes¢ Exoi#ts be at short nrfice and to cov¢r the 1n8 cl of the Tharity for a limi*d The Directors consider it prUdt that unrei rescrvts thould be sufficient to avoid the necessity of realising fued assets hekl for the Charitys and to cover six months [eArl eXperK1itu.
SERVE IN SOLIDARrrY IRELAND ATm OF FINANCIAL ACtIv THE YEAR ENDED31 JANUARY 2•25 Uwnsirltled R¢%tiithd TiyfAL TOTAL 2024 SJ84 2SJ14 35J68 51289 29,949 rAL RFSOURCLS EXPENDED 50025 51219 29.949 4JZ• POW 125.705) S419 NET MOVEMEKf IN FlINt 4J2• (2S705) 5319 13 231 TOTAL IIYNDS CARRIED FORWARD 1•2926 1•I664 2•&59• 231295 The Sl•tememt of fiMeil Atlivltld Ild¢S 1 •4d lau¢4 IN the year aAd thevef•r * Stx¢eme•t •lT•tsl R£c(ybed Gi1• #ad Wot prEpAnd All of the •b•ve rd•t¢ l• ¢••th• *¢dTIII
31 ANU Y 2025 2025 2024 TangtbEe assets Debtors and prepayments Cash at bank Casb on deposit CL%& in hand 207.750 233J23 207.750 233.323 160) (ItY28) 205.590 231295 205590 231295 ACCRUAIS AND DEFERRED tNCOME 205J9• 231395 REPRESENfED BY: 10 IOW4 13L689 205J90 231295 APPROVED BYThE DIRECTORS . ert GERARD O'CONNOR DIRKCfOR DIARMAID Ua BRUADAIR DtREcfoR DATE 12th lan 2026 DATE 12th Jan 2026 Page 24
SERV ILY LtDARITY IRELAND STATEMENT OF CASH FLOWS FOR THE YEAR ENDEDJASf JANUARY 21J25 2025 2024 NOTES CASHFLOWS FROM OPERATIIYG ACnVITILS (25J73) 6.499 Net wh infiowl(outAow) fnxn 01n8 activilies 125.573) 6.499 Purch of tangible fixed &%sets Acquisition of inveslments Diswtsal of invesbnents Net tsb from ixvestiuz etiviti Im¢re1(de£Tcme) im cash amd csh eqAivak•ts in the yexr (25,573) 6.499 Cask and Cash eq•avknts at the byniAg of the yur 233J23 226.824 CTh and eq•ivalents t the end of the yar 207.750 233J23 keling to: Csk at ba•k and in hnd 207.750 233J23 Page 25
RVE IN SOLID TES TO THE FINAN EN IAL I. DONAllONS AND LEGACIES UThrestrlrted Reltrxt Fynds ) 20.1 2QIW 2Q Soi#knityGifts 105 105 117 117 Rip Fky FIMtiy 3Jio 3JlO 5J84 25.584 15J61 20.(#X) 35.J61 Fuads Fmds Fiwd 4JlO 4JlO 5294 9J79 9.579 13.147 lJ.J47 3393 3293 2Qth) 20,IXX) MIMX) ofibk fixed 216 216 198 198 A111 fe¢5 i.oso 75 50.025 51289 1.341 2&607 29.949
SERVE S OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31STJANUARY 2025 (oirrGOINGy INCOMINC RFSOURCFS FOR THE YEAR Thi% is slal¢d after chargin81(cr11llTr2) 2•25 2024 973 1.080 2•25 21n4 Totsl stsfFeosts as follows: S(Kial securtty costs no run¢TatI or other benefjts for the year cnded 3 1st January 2025. (2024: £Nil) TEX wete no tru&ees' expenses pMI for the year eNkd 3 1st January 2025. (2024: £Nil) 7. RECONCILIATION OF OPERATING PROFrr TO NET CASH FU)W FROM OPERATING 2025 2024 (4rrating Swpluslokficit) for the year tkpreciation (25.705) 5,419 132 1,080 (PrOfity[A on disposal of Fixed Assets Nei c%sk inlloTvl(oulllow) from operxli•g atlivili¢s 5J73) 6A99 Page 27
SERVE I LIDARtTY IR IARY Asx 1st F&Y2014 Ast31st I2025 As 31#J•w2025 1024 i926 917 (5.010 6917 13.468 (4W) (981) 15ffi31 (l.Q24) Is1 9J79 19J79) 9JY (th 20ml 9,166 9.166 9.166 ij 131619 P4t 21
RTHE 2025 21ll4 Balance at I st F¢bnwy 2024 Net incomingl(wing) resourc for the 9&606 84,580 4J20 14.026 Balance at 3 1st January 2025 lo126 9&606 2l125 2024 Balance at 1st February 2024 Net inwminpJ(outgoing) rcwurc¢s for the > 131689 141.296 (30.025) (&(¥OD Balance at 3 1st January 2025 101664 131689 12. LEGAL STATUS Serve in Solidarity Irelwd is a Company Limited by Guarant¢¢. Each mcmber aa to £1 in the event of a compulsory winding up. S¢rve in Solidarity Ireland is Yer1 with The.Charity CommissK)n for Northern trela Charity NumE£r 10(K137. Da of regis 28th Awil 2014. Serve in Solidarity bEland is a rccogniscd Clurity within th¢ definilion of Se¢tAM 360(3) Income and cry[atK T&x¢s Act 1970 by the Commissionus of the Inland Rev¢nuc. Page 29