OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

Registered Charity No. NIC100222 Company number NI027452

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Trustees' report and financial statements

for the year ended 31 March 2024

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Directors' Report and Financial Statements for the year ended 31 March 2024

Contents

Page
Legal and Administrative Information 2
Trustees' Report (including Directors' Report) 3 - 7
Independent Auditors' Report 8 - 9
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 1

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Legal & administrative information

Directors Mr Thomas Howard McConnell
Mrs Marion Hamilton Chairperson
Rev Philip Boyd Houston
Rev John Nigel Cairns
Mrs Dawn Cairns
Rev Craig Munro Wilson
Rev Colum Clerkin Resigned 10th April 2023
Mr Robert Kenneth Doherty Resigned 16th November 2023
Mr Peter Columba Boucher
Mr George Walker
Ms Charlotte Maye
Mr Danny Blee Resigned 10th April 2023
Mr Thomas James Daly Appointed 28th November 2023
Mrs Mairead Grant Appointed 28th November 2023
Rev Michael Francis McCaughey Appointed 5th September 2023
Centre Manager Jacqueline Garnon
Secretary Mr Thomas Howard McConnell
Company number NI027452
Charity number NIC100222
Registered office 22 Bishop Street
Derry
BT48 6PP
Auditors McDaid McCullough Moore
Chartered Accountants and Statutory Auditor
28/32 Clarendon Street
Derry
BT48 7HD
Business address 22 Bishop Street
Londonderry
BT48 6PP
Bankers Ulster Bank
Da Vinci Complex
Culmore Road
Derry
BT48 8JB

Page 2

THE CHURCHES' VOLUNTARY WORK BUREAU

Company limited by guarantee

Trustees' report for the year ended 31 March 2024

The trustees, who are also the directors of the charity for the purposes of the Companies Act 2006, present their report and the financial statements of The Churches' Voluntary Work Bureau for the year ended 31 March 2024. The trustees who served during the year and up to the date of this report are set out on the Legal & Administrative page. This report is prepared in accordance with Accounting and Reporting By Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Structure, Governance and Management

Governing Document

The Churches' Voluntary Work Bureau is a charitable company, (company registration number NI027452), limited by guarantee (with no share capital) and its governing document is its Memorandum and Articles of Association. Its charitable status is recognised by HM Revenue & Customs under reference XT22559. The registration of The Churches' Voluntary Work Bureau with the Charities Commission of Northern Ireland was completed on 29 July 2014. The company's Northern Ireland Charity Number is NIC100222.

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 currently managed by elected representatives from each of the four main churches in order to contribute to social and economic renewal across all communities. The Trustees meet regularly to review performance, determine 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 the Derry 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.

Appointment and training of Trustees

The charity Trustees are also directors of the company. New trustees are nominated by current trustees. The induction and training of new trustees is provided by existing trustees and by the Centre Manager. Most trustees, due to their experience and backgrounds, are already familiar with the work of The Churches' Voluntary Work Bureau.

Key management remuneration policy

The key management personnel of the charitable company are the directors (trustees) and senior management. The trustees are not remunerated for their services and did not receive and were not reimbursed for expenses during the year. The remuneration of senior management is set by the trustees and reviewed annually and is normally increased in line with inflation. The benchmark used in setting remuneration is based on the remuneration of other key management personnel in similar comparable organisations.

Page 3

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Trustees' report for the year ended 31 March 2024

.................... 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 is exposed and systems have been established to mitigate those risks. The trustees continually monitor their exposure to financial risk. Given the size of the company, the trustees have not delegated the responsibility of monitoring financial risk to a sub committee.

Risks identified, such as the financial viability and sustainability of the charitable company, have been reviewed to ensure that a level of funding is maintained that is necessary for the charitable company to continue to meets its objectives. Management continually strive to source additional or new funding sources.

Business and financial risk is managed by ensuring the company has appropriate staff, with the necessary experience and that an established IT system is in place.

Internal risks are minimised by the implementation of company policies such as the policy on financial controls, which requires the authorisation of all transactions and segregation of duties.

Objectives and Activities (and how they deliver public benefit)

Charitable Objects

The Churches' Voluntary Work Bureau was established to:

The Trustees considered guidance from the Charity Commission for Northern Ireland in relation to public benefit statement.

Public Benefit

The Churches Voluntary Work Bureau strives to ensure that they provide public benefit. Public benefit is at the heart of what it means to be a charity. To achieve this objective The Churches' Voluntary Work Bureau provides the following services:

Page 4

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Trustees' report for the year ended 31 March 2024

.................... continued

Achievements and performances

The results for the year are set out on page 10. During the year, The Churches' Voluntary Work Bureau successfully obtained funding from the Department for Communities Northern Ireland, Derry City and Strabane District Council, Clear Project and from other charitable donations. This funding has enabled the charitable company to continue to provide volunteering opportunities, training programmes, small grants to small locally based organisations and to provide other important services for the benefit of individuals and communities in the North West of Ireland.

In October 2023, The Churches Voluntary Work Bureau also surpassed 40 years in the volunteering and community sector. An event was held to celebrate the 40th anniversary and to recognise the hard work that has been done by the staff throughout the years and how much of a positive impact this work and volunteering has had in the local communities.

The Directors are satisfied with the results of the company in light of current economic conditions and decreasing levels of public funding. The Centre Manager and employees deserve great credit for their endeavours over the past year.

Financial Review

Total incoming resources for the year were £138,375, of which approximately 57% was generated from contracts and grants and 43% from donations, contributions to overheads and other incoming resources.

Total resources expended by the charity were £142,128. Approximately 54% of this was expended on charitable activities, 43% on generating funds and 3% on governance costs.

Net incoming resources increased during the year to a deficit of £3,753 at 31 March 2024 from a deficit of £14,269 at 31 March 2023. This is mainly due to an increase in incoming resources from £135,771 in 2023 to £138,375 in 2024, an increase of approximately 2%, and resources expended decreased from £150,041 to £142,128, a decrease of approximately 5%. Net assets have decreased from £45,038 to £41,285 of which £1,230 were restricted in nature and £40,055 were unrestricted. The directors are satisfied with the performance and results of the charitable company during the year.

Principle funding sources

The principle funding sources of the Churches' Voluntary Work Bureau are twofold: 1. Grant income (included in restricted income funding) from the Department for Communities Northern Ireland, Derry City and Strabane District Council and Clear Project. 2. Charitable donations, training revenue and contributions to overheads from Churches In Co-operation (included in unrestricted income).

Reserves policy

The trustees consider it prudent to hold monies in reserve in the event that unforeseen circumstances may arise that could lead to financial difficulties which might put the future of its employment capacity and general charitable 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 reserves policy requires that reserves are maintained at a level which ensures that the core activity of the company could continue during a period of unforeseen difficulty. It also requires that a proportion of the reserves are maintained in a readily realisable form in order to meet contractual liabilities in the event of closure, to meet unexpected costs such as legal costs and staff cover, and to provide working capital when funding is paid in arrears, which can be up to 3-4 months.

Page 5

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Trustees' report for the year ended 31 March 2024

.................... continued

Current annual revenue expenditure of The Churches' Voluntary Work Bureau is approximately £142,000 equating to monthly expenditure of approximately £11,850. Unrestricted reserves at 31 March 2024 amount to £40,055. The charitable company intends to try and continue to increase reserves when future opportunities arise.

The actual reserves at 31 March 2024 fall short of the desired level and the trustees intend to continue to try and gradually increase it over time.

Plans for the future

The trustees, are satisfied with the performance of The Churches' Voluntary Work Bureau during these difficult times. The charitable company continues to receive funding from The Department for Communities Northern Ireland, and Derry City and Strabane District Council towards running costs and expects to increase other revenue streams through greater promotion.

For the year ahead, the objectives of The Churches' Voluntary Work Bureau include increasing public awareness of The Churches' Voluntary Work Bureau and promoting the benefits of volunteering, diversification of their range of volunteering opportunities, and increasing the number of volunteers recruited. They aim to achieve these objectives through increased marketing and promotional activities throughout the year.

Statement of disclosure of information to auditors

We, the trustees of the company who held office at the date of approval of these Financial Statements as set out above each confirm, so far as we are aware, that;

Statement of Trustees' responsibilities

The trustees (who are also the directors of The Churches Voluntary Work Bureau for the purposes of company law) are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the directors (trustees) to prepare financial statements for each financial year which give a true and fair view of the sate of affairs of the charitable company and of the incoming resources and application of resources, of the charitable company for that period. In preparing these financial statements, the directors (trustees) are required to:

The directors (trustees) are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 6

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Trustees' report for the year ended 31 March 2024

.................... continued

Auditors

A resolution proposing that McDaid McCullough Moore be reappointed as auditors of the charitable company will be put to the Annual General Meeting.

Small company provisions

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 authorised for issue by the Directors on 4 September 2024 and signed below on its behalf by

Mr Thomas Howard McConnell Director and Company Secretary

Page 7

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited 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 charitable company) for the year ended 31 March 2024 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) 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 charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities 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 statements 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 Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's (APB's) Ethical Standards for Auditors.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the charitable company's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the Directors; and the overall presentation of the financial statements. In addition we read all the financial and non-financial information in the Annual Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

Opinion on financial statements

In our opinion the financial statements:

Page 8

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Independent auditors' report to the members of THE CHURCHES' VOLUNTARY WORK BUREAU continued

Opinion on other matters prescribed by the Companies Act 2006

In our opinion the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.

Matters on which we are required to report by exception

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:

Kevin McCullough (Senior Statutory Auditor) For and on behalf of McDaid McCullough Moore Chartered Accountants and Statutory Auditor 28/32 Clarendon Street Derry N. Ireland BT48 7HD

4 September 2024

Page 9

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

STATEMENT OF FINANCIAL ACTIVITIES

(including Income and Expenditure Account) for the year ended 31 March 2023

Unrestricted Restricted
funds
funds
Notes
£
£
Income
Donations and Legacies
2
19,668
-
Income from Charitable Activities
2
24,743
71,785
Income from Trading Activities
2
22,179
-
Total income
66,590
71,785
Expenditure
Expenditure on Charitable activities
3
55,402
72,230
Other
4
14,496
-
Total Expenditure
69,898
72,230
Net Income/(Expenditure) for the year
)
(3,308
)
(445
Total funds brought forward
18 / 19
43,363
1,675
Total funds carried forward
18 / 19
40,055
1,230		 2024
Unrestricted
Restricted
Total
funds
funds
£
£
£
19,668
8,060
-
96,528
26,901
81,255
22,179
19,555
-
138,375
54,516
81,255
127,632
51,266
81,712
14,496
17,062
-
142,128
68,328
81,712
)
(3,753
)
(13,812
)
(457
45,038
57,175
2,132
41,285
43,363
1,675		 2023
Total
£
8,060
108,156
19,555
135,771
132,978
17,062
150,040
)
(14,269
59,307
45,038

There are no recognised gains or losses other than the deficits for the above two financial years. All of the above amounts relate to continuing activities.

The notes on pages 13 to 27 form an integral part of these financial statements.

Page 10

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Company No. NI027452

Statement of Financial Position as at 31 March 2024

Notes
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling
due within one year
16
Net current assets
Total assets less current
liabilities
Provisions for liabilities
17
Net assets
Funds
Restricted funds
19
Unrestricted funds
18
Total Charity funds		 2024
£
10,510
79,600
90,110
)
(11,997		 £
1,327
78,113
79,440
)
(38,155
41,285
1,230
40,055
41,285		 2023
£
7,121
88,666
95,787
)
(13,189		 £
1,830
82,598
84,428
)
(39,390
45,038
1,676
43,362
45,038

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS102 'The Finincial Reporting Standard applicable in the UK and Republic of Ireland'.

The financial statements were approved and authorised for issue by the Directors on 4 September 2024 and signed below on its behalf by

Mr Thomas Howard McConnell Director

Mrs Marion Hamilton Director

The notes on pages 13 to 27 form an integral part of these financial statements.

Page 11

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Statement of Cash Flows for the year ended 31 March 2024

Notes
Cash flows from operating activities
Net (outgoing)/ incoming resources
Adjustments for:
Depreciation
Changes in:
Trade and Other Debtors
Trade and Other Creditors
Redundancy provisions
Cash used in operating activities
Capital expenditure
Net (decrease)/Increase in Cash and Cash Equivalents
Net (decrease)/Increase in Cash and Cash Equivalents
Cash and Cash Equivalents at 1 April 2023
15
Cash and Cash Equivalents at 31 March 2024
15		 2024
£
)
(3,753
504
)
(3,389
)
(732
)
(1,235
)
(8,605
-
)
(8,605
)
(8,605
83,109
74,504		 2023
£
)
(14,269
516
9,680
750
5,869
2,546
)
(240
2,306
2,306
80,803
83,109

Page 12

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

1. Accounting policies

1.1. Accounting convention and basis of preparation

The charity constitutes a public benefit 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 Street, Derry, BT48 6PP.

The financial statements have been prepared under the historical cost convention, in accordance with Accounting and Reporting by Charities : Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently 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 been designated 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 expenditure for twelve months from the date of authorising 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 NI work, the continuing support of funders and expected revenues from other sources.

Page 13

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... 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 performance conditions attached to the item of income have 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 Clear Project and unrestricted income from donations, training and contributions to overheads from Churches in Co-operation. The following specific policies are applied to particular categories of income:

(i) Income from Charitable Activities

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. Grants, where entitlement is not conditional on the delivery of a specific performance, are recognised when the charity becomes unconditionally entitled to the grant.

(ii) Income from Generated Funds

Voluntary income is received by way of fundraising activities, donations, training and small grants 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 included in the Statement of Financial Activities when receivable.

(iv) Capital Grants

Capital Grants are recognised in the year of receipt in the Statement of Financial Activities and are treated as restricted 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 financial statements inclusive of value added tax which cannot be recovered and is reported as part of the expenditure to which it relates. Resources expended are split between restricted and unrestricted expenses. Unrestricted expenses relate to the management and general administration of the charity. Restricted expenses are as set out in the letters of offer.

Charitable activities expenditure comprises those costs incurred by the charity in the deliverance of its charitable activities. It includes the support costs necessary to provide the charitable services and activities.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include general management and administration costs and depreciation. Staff costs and overhead expenses support costs are allocated to activities on the basis of staff time spent on those activities.

Page 14

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... continued

1.6. Tangible fixed assets and depreciation

Tangible fixed assets are initially stated at cost and subsequently measured at cost less accumulated depreciation and any provision for impairment. 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 useful life, as follows:

Fixtures, fittings - and equipment 10% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and carrying value of the asset, and is recognised in net income/(expenditure) for the year.

Impairment of fixed assets

At each reporting date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss.

1.7 Debtors

Debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid after taking account of any trade discounts offered.

1.8 Creditors

Creditors are recognised 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 amount can be reliably measured or estimated. Creditors are normally 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-term employee benefits to which the employees are entitled are 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 represent 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 guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... continued

1.11. Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period 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.

Useful economic life and carrying value of tangible fixed 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 CHURCHES' VOLUNTARY WORK BUREAU

Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... continued

2.
Income
2. .1
Donations
Unrestricted Restricted
funds
funds
£
£
Donations
19,668
-
2. .2
Analysis of Income from Charitable Activities
Unrestricted Restricted
funds
funds
£
£
Revenue grant income
Department for Communities - Volunteering Infrastructure
Support Project
-
57,300
Derry City and Strabane District Council - Community
Support Fund
-
4,000
Clear Project
-
4,985
BBC Children in Need
-
-
Inner City Trust
5,000
-
Honorable Irish Society
-
1,000
Volunteer Recognition
-
3,000
Department for Communities - Energy Costs Grant
-
-
Department for Communities - Cost of Living Grant
-
1,500
Generated Income
Churches In Co-operation
2,444
-
Training Income
17,299
-
24,743
71,785
2. .3
Analysis of Income from Trading Activities
Unrestricted Restricted
funds
funds
£
£
Access NI
22,179
-		 2024
Total
£
19,668
2024
Total
£
57,300
4,000
4,985
-
5,000
1,000
3,000
-
1,500
2,444
17,299
96,528
2024
Total
£
22,179		 2023
Total
£
8,060
2023
Total
£
61,889
4,000
-
10,366
5,000
-
2,000
1,500
1,500
2,195
19,706
108,156
2023
Total
£
19,555

Page 17

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... continued

3. Costs of charitable activities - by fund

Derry City Churches
DFC and DFC In
Volunteering District Honourable Cost of Sundry Co-operation/
Infrastructure Council Clear Volunteer Irish Living Capital Donations/ 2024 2023
Support Project CSF Project Recognition Society Grant Grants Training Total Total
(Note 19)
£ £ £ £ £ £ £ £ £ £
Wages & Salaries 50,247 - 3,960 - - - - 29,840 84,047 89,581
Other Staffing Costs - - - - - - - - - -
Staff Pension Costs 1,143 - - - - - - 588 1,731 1,868
Staff Training - - - - - - - 1,069 1,069 1,773
Associate Trainer Costs - - - - - - - 2,955 2,955 3,941
Redundancy Provision - - - - - - - (1,235 ) (1,235 ) 5,869
Gift to Churches In Co-Operation - - - - - - - 5,000 5,000 -
Rent Payable 3,000 3,000 - - - - - - 6,000 5,000
Water Rates - - - - - - - 455 455 400
Insurance - 500 - - - - - 1,080 1,580 1,436
Training Resources - - - - - - - - - -
Electricity - - - - - 1,500 - 541 2,041 2,610
Repairs & Maintenance - - - - - - - 2,103 2,103 1,917
Stationery - - 300 60 - - - 691 1,051 1,058
Postage - - - - - - - 75 75 184
Advertising & Promotion - - - 247 - - - - 247 536
Telephone 781 500 - - - - - 659 1,940 1,765
40th Anniversary Expenses - - - - 1,000 - - 3,872 4,872 -
Website & Development - - - - - - - - - 105
Travel & Entertainment 629 - 225 - - - - 1,724 2,578 2,580
Volunteer Costs - - 500 1,500 - - - 127 2,127 2,266
Activities & Sundries - 1,193 - - - - 1,193 994
Volunteer Travel - - - - - - - 725 725 796

Page 18

THE CHURCHES' VOLUNTARY WORK BUREAU

Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... continued
Professional Fees
-
Governance Costs (Note 7)
1,500
Cleaning & Household
-
Bank Charges & Interest
-
General Expenses
-
Depreciation on FF & Equipment
-
57,300		 -
-
-
-
-
-
4,000		 -
-
-
-
-
-
4,985		 -
-
-
-
-
-
3,000		 -
-
-
-
-
-
1,000		 -
-
-
-
-
-
1,500		 -
-
-
-
-
445
445		 -
2,178
820
826
1,250
59
55,402		 -
3,678
820
826
1,250
504
127,632		 1,500
3,564
1,034
562
1,123
516
132,978

£55,402 (2023 - £51,266) of the above costs were attributable to unrestricted funds and £72,230 (2023 - £81,712) of the above costs were attributable to restricted funds.

Page 19

THE CHURCHES' VOLUNTARY WORK BUREAU

Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... continued

4. Other Expenditure

Unrestricted Restricted 2024 2023
funds funds Total Total
£ £ £ £
Access NI 14,496 - 14,496 17,062

Page 20

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... continued

5.
Analysis of Support Costs
Wages and Salaries
Staff Pension Costs
Redundancy Provision
Rent Payable
Water Rates
Insurance
Electricity
Repairs and Maintenance
Stationery
Postage
Telephone
Travel and Entertainment
Website Development
40th Anniversary Expenses
Audit Fees (Governance Costs)
Cleaning and Household
Bank Charges
General Expenses
Depreciation
Allocation of Support Costs to Projects
Promoting Volunteering Infrastructure
Volunteering - Promotion and Training
Volunteer Training - DEA Strabane Town
Provision of Training
Summer Scheme
Honourable Irish Society
Provision of Access NI Checks
Volunteer Recognition Grant
DFC Energy Grant
DFC Cost of Living Grant		 2024
£
28,151
588
)
(1,235
3,000
455
1,580
2,041
2,103
1,052
75
1,940
1,724
-
4,872
3,678
820
826
1,251
504
53,425
£
2,581
16,168
4,000
19,133
-
1,000
8,983
60
-
1,500
53,425		 2023
£
30,154
599
5,869
2,000
400
1,436
2,610
1,917
1,058
184
1,765
1,892
105
-
3,564
1,034
562
1,123
516
56,788
£
2,440
17,026
3,000
21,152
1,234
-
8,522
414
1,500
1,500
56,788

Page 21

THE CHURCHES' VOLUNTARY WORK BUREAU

Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... continued
6.
Net Incoming/(Outgoing) Resources for the year
Net Incoming/(Outgoing) Resources are stated after charging:
Depreciation of tangible assets
Auditors' remuneration (Note 7)
7.
Auditors' remuneration
Unrestricted
Restricted
(Governance Costs)
funds
funds
£
£
Auditors' Remuneration
2,178
1,500
8.
Interest payable and similar charges
On bank loans and overdrafts		 2024
£
504
3,678
2024
Total

£
3,678
2024
£
50		 2023
£
516
3,564
2023
Total
£
3,564
2023
£
66

Page 22

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... continued

9. Employees

Number of employees
The average monthly numbers of employees
(including the directors) during the year were:
Centre Manager
Administrator
Volunteer Co-ordinators
Volunteer Support Worker
Employment costs
Wages and salaries
Employers N.I
Pension costs		 2024
1
1
1
1
4
2024
£
82,661
1,386
1,731
85,778		 2023
1
1
1
1
4
2023
£
87,228
2,353
1,868
91,449

No employee received emoluments of more than £60,000 (2023 : NIL).

Key management personnel

Key management included the directors and members of senior management. The total compensation (including social security costs) of key management personnel for the year totalled £28,509 (2023 - £35,245).

10.1. Trustees remuneration and expenses

The Trustees were not remunerated for their services during the year ended 31 March 2024 (2023 - £NIL) nor did they receive any payments in respect of expenses (2023 - £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 pension charge represents contributions due from the company and amounted to £1,731 (2023: £1,868).

Page 23

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... continued

12. Tax on loss on ordinary activities

No charge to corporation tax arises in the year ended 31 March 2024 (2023 : £NIL). The Churches' Voluntary Work Bureau is a registered charity and is recognised as such by HM Revenue and Customs for taxation purposes. As a result no corporation tax liability arises.

Fixtures, Fixtures,
13. Tangible fixed assets
fittings and
equipment Total
£ £
Cost
At 1 April 2023
26,889		 26,889
At 31 March 2024
26,889		 26,889
Depreciation
At 1 April 2023
25,058		 25,058
Charge for the year
504		 504
At 31 March 2024
25,562		 25,562
Net book values
At 31 March 2024
1,327		 1,327
At 31 March 2023
1,831		 1,831
14. Debtors
2024		 2023
£ £
Other debtors
9,379		 6,076
Prepayments
1,131		 1,044
10,510 7,120
15. Cash and Cash Equivalents
2024 2023
£ £
Cash at Bank and On Hand
79,600		 88,666
Bank Loans and Overdrafts
)
(5,096		 (5,557 )
74,504 83,109

Page 24

THE CHURCHES' VOLUNTARY WORK BUREAU

Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... continued
16.
Creditors: amounts falling due
within one year
Bank overdraft
Other creditors
Accruals and deferred income		 2024
£
5,097
793
6,107
11,997		 2023
£
5,557
1,134
6,498
13,189

17. Provisions for liabilities

Other
provisions
£
Redundancy Provision
At 1 April 2023
39,390
Charge for the year
)
(1,235
At 31 March 2024
38,155		 Total
£
39,390
)
(1,235
38,155

The company operates a defined pension scheme in respect of its staff. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £1,731 (2023: £1,868).

18. Unrestricted funds

Incoming Outgoing
2023 resources resources 2024
£ £ £ £
Unrestricted funds 43,363 66,590 (69,898 ) 40,055

Purpose of unrestricted funds

Unrestricted funds are funds that are utilised at the discretion of the Directors in furtherance of the objectives of the charitable company. Included in unrestricted funds are contributions 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 limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... continued

19. Restricted funds

Department for Communities - Volunteering Infrastructure
Support Project
Derry City and Strabane District Council -
Community Support Fund
Honorable Irish Society
Clear Project
Volunteer Recognition Grant
Department for Communities - Cost of Living Grant
Capital Grants
Derry City Council - Capital Grant
Halifax Foundation (formerly Lloyds TSB
Foundation) - Capital Grant
Co-operation Ireland - VCSE Covid Recovery Fund
-Capital Grant		 Incoming
Outgoing
2023
resources
resources
£
£
£
-
57,300
)
(57,300
-
4,000
)
(4,000
-
1,000
)
(1,000
-
4,985
)
(4,985
3,000
)
(3,000
1,500
)
(1,500
380
-
)
(152
119
-
)
(119
1,173
-
)
(168
1,672
71,785
)
(72,224		 2024
£
-
-
-
-
-
228
-
1,005
1,233

Purpose of restricted funds

The Department for Communities Northern Ireland- Volunteering Infrastructure Support Project and Derry City and Strabane District Council - Community Support Fund grants are annual operating grants contributing towards the operating costs of The Churches' Voluntary Work Bureau. These grants are fully utilised in the year.

The grant received from the Department for Communities Northern Ireland - Volunteers Recognition is to fund the costs of Volunteers during 2023. The grant was fully utilised in the year.

The grant received from the Department for Communities Northern Ireland - Cost of Living grant is to help fund the costs of energy during the year. The grant was fully utilised in the year.

The grant from the Clear Project is to fund the costs of a Project Co-ordinator, together with contributions towards costs within the programme. This grant was fully utilised in the year.

The grant from the Honorable Irish Society is to help fund the costs associated with the production of a video regarding 40 years in volunteering. This grant was fully utilised in the year.

Page 26

THE CHURCHES' VOLUNTARY WORK BUREAU Company limited by guarantee

Notes to the financial statements for the year ended 31 March 2024

.................... continued

20. Analysis of net assets between funds for the charitable company

Unrestricted Restricted Total Total
Funds Funds 2024 2023
£ £ £ £
Fund balances at 31 March 2023
Fixed assets - 1,327 1,327 1,830
Current assets 90,110 - 90,110 95,787
Current liabilities (11,997 ) - (11,997 ) (13,190 )
Redundancy provision (38,155 ) - (38,155 ) (39,390 )
39,958 1,327 41,285 45,037

21. Contingent liabilities

A contingent liability exists in respect of grants received which may become reclaimable by funders should certain conditions under which they were awarded fail to be met.

22. Charitable Company limited by guarantee

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 assets/liabilities of the company in the event of the same being wound up while he/she is a member, or within one year after he/she ceases to be a member, for payments of the debts and liabilities of the charitable company contracted before he/she ceases to be a member, and of the costs, charges and expenses 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 Directors are collectively considered to be the controlling party of the charitable company.

24. Going concern

The financial statements have been prepared on a going concern basis as the directors believe that no material uncertainity exists. The directors have considered the level of funds and the expected level of income and expenditure for twelve months from the date of authorising these financial statements.

Page 27