RegAStered Charity No. NIC100222 Company number N1027452 THE CHURCHES, VOLUNTARY WORK BUREAU Company limited by guarantee Trustees, report and financial statements for the year ended 31 March 2023 THE CHURCHES, VOLUNTARY WORK BUREAU Company limited by guarantee Dlrectors, Report and Flnanclal Slatsments for the year ended 31 March 2023 Contents Page tKgal and Administrative Inforn]ation Thistces, Report (including Directors, Report) Independent Auditors, Report Statement of Financial Activities (including Income and Expenditure Account) 10 Statement of Financial Position 11 Statement of Cash Flows 12 Notes to the Financial Statements 13-27 Page I THE CHURCHES, VOLUNTARY WORK BUREAU Company limited by guarantee Legal & administratlve Inforniation Directors Rev Colum Clerkin Mrs Marion Hamilton Rev Philip Boyd Houston Rev John Nigel Cairns Mrs Dawn Cairns Rev Craig Munro Wilson Mr Thomas Howard Mcconnell Mr Robert Kenneth Doherty Mr Peter Columba Boucher Mr G¢orge Walker Ms Charlotte Maye Mr Danny Blee Resigned 30th April 2023 Chairyerson Appointed 15th November 2022 Appointed 15th November 2022 Resigned 10th April 2023 Centre Manager Jacqueline Garnon Secrelary Mr Thomas Howard Mcconnell Company number N1027452 Charity number NICI(K)222 Reglstered otTice 22 Bishop Sireet Derry B T48 6PP Auditors McDaid Mccullough Moore Chartered Accountants and Statutory Auditor 28132 Clarendun Strccl DeTry BT48 7HD BuSin￿S address 22 Bishop Street Londonderry BT48 6PP Bankers Ulster Bank Da Vinci Complex Culmore Road Derry B T48 8JB Page 2 THE CHURCHES, VOLUNTARY WORK BUREAU Company limited by guaraniee Truste&s' report for the year ended 31 March 2023 The truslees, who are also the directors of ih¢ charity for the PUTposes of the Companies Act 2006, present their report and the financial statements of The Churches, Voluniary Work Bureau for the year ended 31 March 2023. The irnstees who served during thc year and up to the diite of this report are set out on ihe Legal & Adminiqtrativc pagc. This report is Prep￿ed in accordance with Accounting and Reporting By Ch￿ties. Statement of Recommended Praclice applicable lo Ch￿itIeS preparing their accounls in accordance with the Financial RepoTting Slandard applicable in the UK and Republic of Ireland (FRS 102) (effe£tivc l January 2019). Structure, ￿Vernance and Management Governing Document The Churches, Voluntary Work Bureau is a Ch￿ilable company. {cDmpany registration number N1027452), limited by guarantee (with no share capital) and its governing d￿Ument is its Memorandurn and Articles of Association. Its charitable status AS recognised by HM Revenue & Cu8toms under reference XT22559. The registration of The Churches, Voluntary Work Bureau with the Chariti¢s commi.ssion of Northern Ireland was completed on 29 July 2014. The company's Northern treland Chariiy Number is NIC IIK)222. Organisational Structure The Churches, Voluntary Work Bureau was set up in 1983 by the four main line churches in the North West of Ireland (the Trustees) to improve training and employment opportunities for young people. It is current]y managed by elected representatives from each of the four main churches in order to contiibute to social and economic renewal across all Communities. The Trustees meet regularly to review perforn]ance, deterniine strategies, assess risk and plan future policies. The Churches, Voluntary Work Bureau is managed daily by Jacqueline Garnon, the Centre Manager. The Centre Manager is responsible for overseeing all the operations in th¢ Dery and Strabane offices. Her responsibilities include the management of all staff and their duties, the provision of a range of administrative and clerical duties and for the preparation of financial reports to the Board of Directors and Funding Bodies. Appoiniment and training of Trustees The charity Truslees are also directors of the company. New t￿SteeS are nominated by current lrnsiees. The induction and training of new trustees is provided by exisling trustees and by the Centre Manager. Most trustees, due to their experience and background.8, are already f&imiliar with the work of The Churches, Voluntary Work Bureau. Key management remuneralion policy The key management personnel of the charitable company aTe the dir¢ctors (trustees) and senior mlinagement. The iTustees are not remunerated for their services did not receive and were not reimbursed for expenses durAng the year. The remuneration of senior management is set by the trustees and reviewed annually and is nomially increased in line with inflation. The benchmark used in setting remuneration it> based on the remuneration of other key management personnel in similar comparable organisations. Page 3 THE CHURCHLS, VOLUNTARY WORK BUREAU Company limited by guarantee Trustees, report for the year ended 31 March 2023 continued Risk Management. Governance and Internal Control Management have conducted and documented a review of the major risks to which The Churches, Voluntary Work Bureau it> exposed and systems have been establiqhed to mitigate those risks. The trustees continually monitor their exposure lo financial risk. Given the size of the company. the trustees have not delegated the responsibility of monitoIing financial risk to a sub committee. Risks idei)tified, suLh <15 the financial viability and sustainability of th¢ chaJitable company, have been reviewed to ensure thal a l¢v¢l of funding is maintained ihat is necessary for the charitable company to continue to meels its objectives. Management continually strive to source additional or new funding sourccs. Business and financial risk is managed by ensuring the company has appropriate staff. with the necessary experience and that an established rr system is in place. Internal riqks are minimised by the implementation of company policies such as the ￿)licY on financial contmls, whAch r¢quires the authorisation of all transactions and segregation of duties. Objectives and Activities (and how they deliver public benefit) Charilable Object The Churches, Voluntary Work Bureau was established to: promot¢ and provide volunteering opportunities and activities for the benefit of individuals and communities within the Nonh West of Ireland. support and develop the work of community and voluntary grnups and organisations in charilable activity which 5e¢ks to improve the quality of life of the inhabitants of the area of benefit., advance education & training. The Trustees consid¢r¢d guidance from the Charity Commission for Northern Ireland in rclation to public benefit statement. Publlc Benefit The Churches Voluntary Work Bureau strives to ensure that they provide public benefjt. Public benefit is al the heart of what it means to be a charity. To achieve this objective The Churches, Voluntary Work Bureau provides the following services: Supporting of volunteers and local organisations to ensure that volunteers have a positive experience, to develop new and exciting volunteer opportunitics that compliments and adds value tu the local organisaliuns, dnd to provide ongoing developmcntal support to low Lapacity groups; Provision of a range of training progTammes designed to enhance the experience and knowledge thal vuluntecrs ofter, including the provision of accredited SafeC¢rt level 2 Award Safeguarding l￿d Protecting Children and Young People. Safecert Level 2 Award in Safeguarding Adults in Health and Social Ca￿. Safecert l£vel 2 Award in Health and Safety in the Workplace, Safecert Level 3 Award Emergency First Aid at Work. Safecert Food Safety in Catering, An Introduction to Emergency First Aid, Safeguarding and Promoting the Welfare of Children. Safeguarding Adults, and Defibrillator Training. Provision of the Access NI vetting service, &5 a registered Umbrella Body with Access Nl and a responsible body providing b&sic, standard and advanced checks mainly in the Dery City and Strabane District Council area but also throughout Northern Ireland as required- promoting advice and creating an awareness of Access Nl servi¢¢s to volunteers and paid staff and providing Access NI clinics in rural a￿aS of the council for volunteer involving organisations. Page 4 THE CHURCHES, VOLUNTARY WORK BUREAU Company lfimited by guarantee Trnstees, report for the year ended 31 March 2023 . continued Aehlevements and performances The results for the year are set out on page l O. During the year. The Churches, Voluntary Work Bureau successfully obtained funding from the Department for Communities Northern treland, Derry City and Strdbiine District Council, BBC Children In Need and from other charitable donations. This funding has enabled the charltable company to continue to provide volunteering opportunities. Iraining progranunes, small grant5 to small locally based organisations and to provide other important services for the benefit of individuals and communities in the North West of Ireland. Thc Directors are satisfied with the results of the company in light of currenl economic conditions and decreasing levels of public funding. The Centre Manager and employees deKrvc gr￿t credii for their endeavours over the Pt Financial Review Total incoming resources for the year were £135,771, of which approximately 65% was generated from contracts and grants and 35qo fmm donations. contributions to overheads and other incoming resources. Total resources expended by the charity were £150.041. Approximately 57% of this was expended on charitable activities. 40Q/o on generating funds and 30/0 on governance costs. Net incoming resources decreased during the year to a deficit of £14,269 at 31 March 2023 from a surplus of £7,667 at 31 March 2022. This is mainly due to a decrease in incoming resources fron] £152,655 in 2022 to £135.771 in 2023, a decrease of approximately I l %, howev¢T resources expended also increased from £144,988 to £150,041. an increase of approximately 3%. Net assets have decreased from £59,307 to £45,038 of which £1,675 were restricted in nature and £43,363 were unrestricted. The directors are satisfied with the perforn]ance and results of th¢ charitable company during the year. Principlefunding Jources The principle funding sources of the Churches, Voluntary Work Bureau are twofold: l. Grant income (included in restricted income funding) from the Departmeni for Communilies Northern Ireland, Deny City and Straban¢ Districl Council and BBC Children in Need. 2. Charitable donations, training ￿VenUe and contributions to overheads from Churches In Co-operation (included in unrestricted income). Reserves policy The trustees Lonsider it prudent to hold monies in reserve in the eveni thal unforeseen circumstances may aTiS¢ that could lead to financial difficulties which might put the future of its employment capacity and general charitlible work in jeopardy. The trustees have examined the charity's requirements for reserves taking into account the risks that The Churches, Voluntary Work Bureau has recognised. The reservety poliLy requires that reberves are m￿ntaIned at a level which entyures that the core activity of the company could continue during a period of unforeseen difficulty. li also requires that a proportion of the reserves are maintained in a readily rcalisable form in order to meet contractual liabilitie5 in the event of closure. to mcct unexpectcd costs such as legal costs and staff cover. and io provide working capital when funding is paid in aTrears, which can be up to 34 months. Cu￿ent annual revenue expenditure of The Churche5' Voluntary Work Bureau is approximatsly £150,(K)O equating to monthly expenditure of approximately £12,5￿. Unrestricted reserves at 31 March 2023 amount lo £43,363. The charitable company intends to try and continue to increase reserves when future opportunities ￿lS¢. The actual reserves at 31 March 2023 fall slightly short of the desired level and the trust¢¢s intend to continue to ty and gradually increase il over time. Plans for the future Page 5 THE CHURCHES, VOLUNTARY WORK BUREAU Company limited by guargnlee Trustees, report for the year ended 31 March 2023 . continued The trustees, are satisfied with the perforniance of The Churches, Voluntary Work Bureau during these difficult times. The Lh￿table cvtnpany continues to receive funding from The Department fur Cornn]unities Northern Ireland. and Derry City and Strabane Distiicr CouDciI ￿WardS running costs and expects to increase other Tevenue slreams through greater promotion. For the year ahedd, the objectives of The Churches, Voluntary Work Bureau include increasing public awarenet>S of The Churches, Voluntary Work Bureau and promoting th¢ benefits of volunteering, diversification of their range of volunteering opportuiiities, aiid itici'ea5iIig il)c JiumbeT of volunteers recruited. They aim to achieve these objective through increased marketing and promotionr¢ b¢ reappointed as auditors of the charitable company will be put ￿ the Annual General Meeting. Small company provisions Page 6 THE CHURCHES, VOLUNTARY WORK BUREAU Company limfiled by guarantee Trnslees, report for the year ended 31 March 2023 . continued This report has been prepared taking advantage of the small Companies, exemption of section 415A of the Companies Act 2006. This report was approved and authOriS￿ for issue by the Directors on 5 September 2023 and signed below on its behalf by Mr Thomas Howai'(l Mcconnell Dlrector and Company Secretary Page 7 THE CHURCHES, VOLUNTARY WORK BUREAU Company Ilmited by guarantee Independent auditors, report to the members of THE CHURCHES, VOLUNTARY WORK BUREAU We have audited the financial statements of THE CHURCHES, VOLUNTARY WORK BUREAU (the haritable company) for the year ended 31 March 2023 wbich compris¢ the statemenl of financial activities, the statement of financial position, the statemenl of cash flows and the related notes. The financial reponing framework that has been applied in their preparation is applicable law and Uni*d Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prnctice) including FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,. This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitabl¢ company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullesl exlent penniited by law, we do not accept or assume responsibility to anyone other than Ihe charitable company and the charitable company's member5 as a body* for our audit work, for this reporL or for the opinions we have fornied. Respectlve responslbllltles of directors and auditor As explained more fully in the Directors Responsibilities Statement, set out on page 4, the Directors (who are also the Trustees of the charitable company) are responsible for the preparation of the financial sta*ments and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standard5 on Auditing (UK and Ireland). Those stalld￿ds require us to comply with the Auditing Practices Board's (APB'S) Ethical Standards for Auditors. Scope of the audit of the financivdl Statements An audit involves obtaining evidence aboul the amounts and disclosures in the financial statements sufficient to give reasonable assurance thal the financial statements are free from malerial misslalemenl, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the charitabl¢ company's circumstances and have been consistently applied and adequately disclosed. the reasonableness of significant accounting estimales made by the Directors. and the overall presentation of the financial statements. In addition we read all the financial and non-fjnancial inforniation in the Annual Report to idcntify material inconsistencies with the audited financial statements and to identify any infomiation that is apparently materially incorrect based on, or materially in¢onsist¢nt with the knowledg¢ acquired by us in the course of perforniing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for OUT report. Opinion on financial ststements In our opinAon the financial staten￿nts.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2023. and of the charitable company's incoming resourc¢s and application of resource5, including its income and expenditure for the year then ¢nd¢d. have been properly prepared in accordance with United Kingdom Gencrally Accepted Accounting Practice applicable to Smaller Entities. and have been properly prepared in accordance with the requirements of the Companies Act 2006. Page 8 THE CHURCHES, VOLUNTARY WORK BUREAU Company limited by guarantee Independent auditors, report to the members of THE CHURCHES, VOLUNTARY WORK BUREAU contlnued Oplnion on other matters prescribed by the Companies Ad 2006 In our opinion the inforniation given in the Directors, Report for the financial year for which the financial statements ate piepared is consistent with the flnancial statements. Matters on which we are required to report by exeepilon We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you, if in our opinion: the charitabl¢ company has not kept adequat¢ and sufficient accounting records. or returns adequat¢ for our audit have not been received from branches not visited by us; or the charitable company financial statements are not in agreement with the accounting records and returns. or certain disclosures of Directors, Temuneration specified by law are not made. or we have not received all of the information and explanations we require for our audit; OT the directors were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, Cxemption in preparing the dire¢tOTS' report and take advantage of the small companies exemption from the requirernent to prepare a strategic report. i Mcculluuxh (Senior Statutory Audltor) For and on behalf of M¢Dald Mccullough Moore Chartered Accountsnts and ststutory Auditor 28132 Clarendon Street Derry N. Ireland BT48 7HD S September 2023 Page 9 c o THE CHURCHES, VOLUNTARY WORK BUREAU Company limited by guarantee Company No. N1027452 Statement of Financial Position as at 31 March 2023 2023 2022 Notes Fixed assets I'angible assets 13 1,830 2,IU6 Current assets Debtors Cash at bank and in hand 14 7,121 88,666 16.801 91,010 95.787 107,811 Creditors: amounts falling due within one year 16 (13,189) (17,089) Net current assets 82,598 90,722 Totsl a￿ets less current liabilities 84,428 )2.8?8 Provlslons for Ilabllltles 17 {3Y,3901 (33.521) Net assets 59,307 Funds Restricted funds UnrestrACted funds 19 18 1.676 43,362 2,133 57.174 Total Charity funds 45,038 59,307 These fmancial statements have been prepared in accordance with the pmvi8ions applicahle to companie8 subject to the small companies, regime and in accordance with FRS102 The Finincial Reporting Standard applicable in the UK and Republic of Ireland,. The financia] statements were approved and authorised for issue by the Directors on 5 September 2023 and signed below on its behalf by Mr George Walker Director Mrs Marlon Hamilton Director The notes on pages 13 to 27 form gn Integral part of these financial statements. Page 11 THE CHURCHES, VOLUNTARY WORK BUREAU Company Ilmiled by guarantee Statement of Cash Flows for the year ended 31 March 2023 2023 2022 Notes Cash Ilows from operatlng activities Net {outgoing)l incoming resources (14,269) Adjustmentsfor.. Depreciation 516 627 Changes in.. Trade and Other Debtors Trade and Other Creditors Redundancy provisions 9,680 750 5,869 226 (7,863) 2,156 Cash used In operatlng actlvfitles 2,546 2,812 Capital expenditure Net (deerea8e)IIncrease In Cash and Cash Equlvalents (240) 2,306 2,812 Net (deerease)IIncrease In Cash and Cash Equivalents Cash and Cash Equlvalents at l Aprll 2022 2,306 80,803 2,812 77,991 15 Cash and Cash Equlvalents at 31 March 2023 15 83,109 80,803 Page 12 THE CHURCHES, VOLUNTARY WORK BUREAU Company Ilmhted by guarantee Notes to the financial statements for the year ended 31 March 2023 Aecountlng pollcies 1.1. Accountlng convention and basis of preparatlon The charity constilutes a public benefjl entity as defined by FRS 102. The Churches, Voluntary Work Bureau is a private company limited by guarantee. registered in Northern Ireland. The address of the registered office is 22 Bishop Stree( Derry, BT48 6PP. The financial slatements have been prepared under the historical cosl convention, in accordance with Accounting and Reporting by ch￿l¢leS . Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 20191 and the Companies Act 2006. The fjnancial statements are prepared in sterling, which is the functional currency of the entity and rounded io th¢ nearest £. The significant accouniing policies applied in the preparation of these financial statements set out below. These policies have been consistent]y applied to all years presented unless otherwise stated. 1.2. Fund Accounting The funds of the charitable company consist of restricted funds and unrestricted funds. General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and have not b¢¢n d¢signated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors. The aim and use of each restricted fund is set out in the notes to the financial statements. 1.3. Going concern The financial statements have been prepared on the going concern basis as the trustees believe that no material uncertainty exists. They have considered the level of funds held and the expected level of income and expenditUTe for twelve months from the dale of auihorising these financial statements and have a reasonable expectation that there are adequate resources in place to continue in operational existence for the foreseeable future. The main factors underlying this judgement are maintaining the current level of income from donations, training and Access Nl work, the continuing support of funders and expected revenues from other sources. Page 13 THE CHURCHLS, VOLUNTARY WORK BUREAU Company limited by guarantee Notes to the financial slaiements for the year ended 31 March 2023 continued 1.4. Incoming Resources All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income, any perfonnance conditions attached to the item of income hav¢ been met, it is probable that the income will be received and the amount can be measured reliably. Incoming resources represents restricted grant income from the Department for Communities Northern Ireland, Derry City and Strabane District Council and BBC Children in Need and unrestricted incom¢ from donations, training and contributions to overheads from Churchcs in Co-operation. The following specific policies are applied to particular cutegories of Ancome: (i) Ineome from Charltsble AetlvltSes Incoming resources from grants, where related to performance and specifAC deliverables, are accounted for as the Ch￿IlY earns the right to consideration by its perfonnance. Grants, where entitlement is not conditional on the delivery of a specific perfornwice, are recognised when the charity becomes unconditionally entitled to the grant. (ll) Income from Generated Funds Voluntary income is received by way of fundraising a¢tiviti¢s, donalions, training and small granis and is included in full in the Statement of Financial Activities when receivable. (iii) Other Incoming Resources This includes all other income during the year and is Ancluded in the Statement of Financial Activities when receivable. (iv) Capit41 Grants Capital Grants are recognis¢d in ihe year of receipi in ih¢ Siat¢m¢nt of Financial Activities and are treated as restricfrd funds with the related depreciation of the assets charged against the same fund. 1.5. Resources Expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure is included in the linancial stalements inclusive ot value added tax which cannot be recovered and is reported as part ot the expenditure to which it relates. Resources expended are split between restricted and unresiricted expenses. Unrestricted expenses relate to the management and general administration of the charity. RestrACted expenses are as set out in the letters of offer. Charitable activities expenditure comprises those costs incurred by the charity in the deliv¢rance of its charitable activities. It includes the support costs necessary to provide the ch•ilable services and activities. Support cosls are those cosls incurred directly in support of expendilure on the objects of the charity and include general management and adrninistration costs and (kpr¢¢iation. Staff costs and overhead expenses support cosis are allocated to activities on the basis of staff time spent on thos¢ acrivities. Page 14 THE CHURCHKS, VOLUNTARY WORK BUREAU Company limited by guaranttt Notes to the financial slatements for the year ended 31 March 2023 . continued 1.6. Tangible fixed assets and depreeigtion Tangible fixed assets are initially stated at cost and subsequently measured al Cost less accumulated depreciation and any provision for impairnient. Cost includes all costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected usetul lite, as tollows: Fixtures, fittings and equipment l 0% Straight Line The gain or loss arising on the disposal of an asset is detern)ined as the difference betw¢¢n the sal¢ proceeds and canying value of the asset, and is recognised in net incomel(expenditure) for the year. Impairnient of r￿ed assets At each reporting date, the charitable company reviews the carrying amounts of its tangible assets to detern]ine whether there is any indication that those assets have suffered an impainnent loss, If any such indication exists, the recoverable amount of the asset is eslimated in order to deterniine the extent of the impaimient loss. 1.7 Debtors Debtors are recognised at the seltlement amount due. Prepaymenls are valued al the amount prepaid after taking account of any trade discounts off¢r¢d. 1.8 Credltors Creditors are re¢ognis¢d when the Charity has a present obligation resulting from a past event that will probably result in a payment to a third party and the amounl can be reliably measured or estimated. Creditors are nonnally recognised at their settlement amount after allowing for any trade discounts due. 1.9. Financial instruments A financial asset or liability is recognised only when the company becomes a party to the contractual provisions of the arrangement. 1.10. Employee Benefits When employees have rendered service to the charity. short-lem) employee benefits to which the employees are entitled recognised at the undiscounted amount expected to be paid in exchange for that service. The charity operates a defined contribution pension scheme for the benefit of its employees. The pension costs charged in the financial statements repiesent the contribution payable by the company during the year. The assets of the scheme are held separately from the charitable company. Page 15 THE CHURCHES, VOLUNTARY WORK BUREAU Company limited by guaranlee Notes to the fmanclal statements for the year ended 31 March 2023 . continued 1.11. Judgements and key sources of esthnatlon uncertainty In th¢ application of the company's accounting policies the trustees are required to m8ke judgements, estimates and assumptions about the Ca￿yIng amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are basd on historical experience and other factors that are considered to be relevant. Actual results may differ frorn these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the perlod in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. U.4LI'LII eL()ncJiniL lifL' Iiiid Liirr in V¥ilue ()I' liin iible tixed assets The depreciation charge in respect of tangible fixed assets is based on an estimate of the useful economic life of each asset. Revision of useful economic life will affect the estimates charged in the Statement of Financial Activities. Page 16 THE CHURCHKS, VOLUNTARY WORK BUREAU Company lknited by guarantee Notes to the financial statements for the year ended 31 March 2023 . continued Income 2. .1 Donations Unrestricted Restricted 2023 funds funds Totsl 2022 Total Donations 8,060 8,060 7,829 2. .2 Analysis of Income from Charltable Actlvltles Unrestricted Restrleted funds funds 2023 Total 2022 Total Revenue grant Income Dcpartment for Communities - Volunleering Infrastructure Support Project Derry City and Strabane District Council - Community Support Fund Clear Project BBC Children in Need tnner City Trusl Community Foundation for Northern Ireland Department for Communities Volunteer Recognition Department for Conununities - Energy Costs Grant Departm¢nt for Communilies - Cosl of Living Grant HMRC JRS Grant 61,889 61.889 59,634 4,000 3,999 4,908 9.866 10,366 10,366 5.000 6,599 2,000 1,500 1.500 1,500 1,500 8,798 Generated Income Churches In Codoperation Training Income 2,195 19.706 2,195 19,706 6.966 12.452 26,901 81,255 108,1$6 121,222 2. .3 Analysls of Income from Trading Actlvltles Unrestrlcted Restrlcted funds funds 2023 Total 2022 Total Access Nl 19,555 19,555 23,604 Page 17 f- om ery￿ cl￿ bn 1551 r4mth THE CHURCHES, VOLUNTARY WORK BIIREAU Company Ihnlted by guarantee Notes to the tlnancfial statements for the year ended 31 Mareh 2023 . continued Other Expendlture Unrestrlcted Re8trlcled 2023 funds Total 2022 Total Access Nl 17.062 17,062 17,539 Page 20 THE CHURCHES, VOLUNTARY WORK BUREAU Company Ilmited by guarantse Not£s to the financlal statements for the year ended 31 March 2023 . continued Analysis of Support Costs 2023 2022 Wages and Salaries Staff Pension Costs Redundancy Provision Rent Payable Watcr Rates Insurance ElectrACity Repairs and Maintenance Stationery Postage Tclephone Travel and Entertainment Website Development Audit Fees {Governance Costs) Cleaning and Household Bank Charges General Expenses Depreciation 30.154 599 5,869 2,000 400 1.436 2,610 1,917 1.058 31,691 595 2.155 2,(X)O 378 1,207 2.491 1,106 1,902 183 1,772 1,038 551 3,366 2,048 851 1,052 627 1,765 1.892 105 3.564 1,034 562 1,123 516 56,788 55,013 Allocation of Support Costs to Projects Promoting Volunteering Infrastructure Volunteering - Prnmotion and Training Volunteer Training - DEA Strabane Town PA'OVASiOJi of Trainiii¥ Summer Scheme Provision of Access Nl Checks Volunteer Recognition Grant DFC Energy Grant DFC Cost of Living Grant 2,440 17,026 3.000 21,152 1,234 8,522 414 1,500 1,500 2,3(K) 23,094 3,999 19.704 733 5,183 56.788 55,013 Page 21 THE CHURCHES, VOLUNTARY WORK BUREAU Company limited by guarantee Notes to the finandal statements for Ihe year ended 31 March 2023 . continued Net Incomlngl(Outgolng) Resourees for the ye¥dr 2022 Net InComin￿(OUtgolng) Resources are stated after charging: Depreciation of tangible assets Auditors, remuneration {Note 7) 516 3,564 627 3,366 Audltors, remuneration (Governance Costs) Unrestricted Restrlcted funds 2023 Total 2022 Total Auditors, Remuneration 814 2,750 3,564 3,366 Interest payable and slmllar charges 2023 2022 On bank loans and overdrafts 66 Page 22 THE CHURCHES, VOLUNTARY WORK BUREAU Company lfimited by guarantee Notes to the finaneial slalements for the year ended 31 March 2023 . continued Employees Number of employees The averag¢ monthly numbers of employees (including the directors) during the year were: 2023 2022 Centre Manager Administrator Volunteer Co-ordinators Volunteer Support Worker Employment costs 2023 2022 Wages and salaries Employers N,I Pension costs 87,228 2.353 1,868 82.748 2.029 1,656 91,449 86,433 No employee r¢c¢ived emoluments of more than £60,000 (2022 . NIL). Key management personnel Key management included the directors and members of s¢nior management. The total compensation (including social security cosls) of key management personnel for the year totalled £35.245 (2022 £30,708). 10.1. Trustees remuneration and expenses The Trustees were not remunerated for their services during the Ye￿ ended 31 March 2023 (2022 - £NIL) nor did they receiv¢ any payments in respect of expenses (2022 - £NIL). 11. Pension costs The company operates a defined pension scheme in respect of its staff. The scheme and its assets are held by independent managers. The pebsion charge represents contributions due from the company and amounted to £1,868 (2022: £1,656). Page 23 THE CHURCHES, VOLUNTARY WORK BUREAU Company Ilmfited by guarantee Notes to the financfial statements for the year ended 31 March 2023 . continued 12. Tax on Oossyprofit on ordlnary aetlvities No charge to corporation lax arises in the year ended 31 March 2023 (2022 . £NIL). The Churches, Voluntary Work Bureau is a registered charity and is recognised as such by HM Revenue and Customs for taxation puryjoses. As a result no corporation tax liability arises. Fixthre rittings and equipment 13. Tangible fixed a&sets Total Cost At l April 2022 Additions 26,649 26,649 240 At 31 March 2023 26,889 26,889 Depre¢lation At l April 2022 Charge for the year At 31 March 2023 24,543 516 24,543 516 25,059 25,059 Net book values At 31 March 2023 1,830 1,830 At 31 March 2022 2,106 2,106 14. Debtors 2023 2022 Other debtors Prepayments 6.076 1,045 15,839 961 7,121 16,80(1 15. Cash and Cash Equivalents 2023 2022 Cash at Bank and On Hand Bank IAMns and Overdrafts 88,666 (.f,557) 110,21)7) 83,109 8(1,80_ Page 24 THE CHURCHES, VOLUNTARY WORK BUREAU Company limited by guarantee Notes to the f￿anCIal statements for the year ended 31 March 2023 , continued 16. Creditors: amounts falling due within one year 2023 2022 Bank overdraft Other creditors Accruals and deferred income 5,557 1,134 6,498 10,207 633 6,249 13,189 17,089 17. Provisions for lfiabilltles Other provisions Total Redundancy Provtslon At l April 2022 Charge for the ye At 31 March 2023 33,521 5.869 33.521 5.869 39,390 39,390 The company operates a defAned pension scheme in respect of its staff. The scheme and its a5S¢ts are held by independent managers. The pebsion charge represents contributions due from the company and amounted to £1,868 (2022: £1,656). 18. Unrestricted funds Incoming Outgofing resources rwurces 2022 2023 Unresiricted funds 57,174 54,516 (68.327) 43,363 Purpose of unrestricted funds UnrestrA¢ted funds are funds that are utilised at the discretion of the Directors in furtherance of the objectives of the ¢haritable company. Included in unrestr1c￿d funds are contribulions towards overheads from Churches In Co-operation, donations. income from training and and any other unrestricted income that may arise from time to time. Page 25 THE CHURCHES, VOLUNTARY WORK BUREAU Company limlted by guarantee Notes to the financial statements for the year ended 31 March 2023 . continued 19. Restricted funds Incoming Outgoing resourtts resources 2022 2023 Department for Communities - Volunteering Infrastructure Support Project Deny Ciiy and Strabane DistrAcI Council - Community Support Fund BBC Children In Need Volunteer Recognition Grant Department for Comn]unities - Energy Grant D¢parthi¢nt for Communities - Cost of Living Grant 61,889 (61,889) (4,000) (10,366) (2,000) (1,500) (1.500) 10,366 2,000 1,500 1,500 Iliil Gruiits Derry City Council - Capital Grant Halifax Foundation (formerly Lloyds TSB Foundation) - Capital Grant Co-operation Ireland - VCSE Covid Recovery Fund -capital Grant 532 {152) 380 257 (138) 119 1,341 {168) 1,173 2,130 (81,713) 1.672 Purpose of restricted funds The Depafiment for Communities Northern Ireland- Volunieering Infrastruclure Support Project and De City and Strabane District Council - Community Support Fund grants are annual operating grants contributing towards the operating cosls of The Churches, Voluntary Work Bureau. These grants are fully uti]ised in the year. The grant received from the Department for Communities Northern Ireland - Volunteers Recognition is to fund the costs of Voluntecrs during 2022. Thc grant was fully utiliscd in thc ycar. The grant received from the Department for Communities Northern Ireland - Energy grant is to help fund the costs of energy during the year. The grant was fully utilised in the year. The grant from BBC Children In Need is to fund the costs of a Volunteer Cowordinator and a Community Learning Disability Nurse. together with contributions towards costs for volunteers within the programme. This granl was fully utilised in the year. Page 26 THE CHURCHES, VOLUNTARY WORK BUREAU Company Ilmited by guarantee Notes to the financial statements for the year ended 31 March 2023 . continued 20. Analysis of net assets between funds for the charitable eompany Unrestrleted Restrlcted Total Funds Funds 2023 Totsl 2022 Fund balances at 31 March 2023 Fixed assets Cutrent assets Current liabilities Redundancy provision 1,830 1,830 2,106 95.787 107,811 (13,190) 117,1188) (39,390) (33,521) 95.787 {13.190) {39,390) 43,207 1,830 45,037 59,308 21. Contlngent liabilities A contingent liability exists in respect of grants received which may become reclaimable by funders should certain conditions under which they were award¢d fail to be met. 22. Charitable Company limited by guaranlee The charitable company is a private company limited by guarantee and consequently does not have share capital. Every member of the charitable company undertakes to contribute to the assetsniabilities of thc company in the event of the same being wound up while helshe is a member, or within one year after helshe ceases to be a memb¢r. for paymenls of the debts and liabilities of the charitable company ontracted before helshe ceases to be a member, and of the costs, Charges and exp¢n5es of winding up and for the adjustment of the rights of the contributors amongst themselves, such amount as may be required, not exceeding one pound. 23. Controlling Interest The Dircctors are collectively considered to be the controlling party of the charitable company. Golng concern The financial statements have been prepared on a going conc¢rn basis as the directors believe that no material uncertainity exists, The direclors have considered the level of funds and the expecled level of income and expenditure for twelve months from the date of authorising these financial statements. Page 27