COMPANY REGISTRATION NUMBER: N1031409 CHARITY REGISTRATION NUMBER: NIC101712 CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Unaudited Financial Statements Year ended 31 March 2023 GS& Chartered accountants 40 GREENAN ROAD NEWRY CO DOWN BT34 2PZ
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporaling the director's report) Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The followlng pages do not form part of the financlal statements Report to the board of trustees on the preparation of the unaudited slatutory financial statements Detailed statement of financial activities 13 14 Notes to the detailed statement of financial activities 15
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) Year ended 31 March 2023 The Iruslees. who are also the directors for the purposes ol company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. Reference and admlnlstrative detalls Reglstered charlty name CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Charity reglstratlon number NIC101712 Company reglstration number N1031409 PrSnclpal office and reglstered OFFICE 2 offlce LEGAHORY CENTRE BROWNLOW CRAIGAVON BT65 5BE The trustees Mr J MCGUINNESS Ms JANIS GEARY Ms LINDA LYNESS Mr BRENDAN MACPARTLIN Ms CLAIRE MARY PATIENCE Ms CLARE MCCANN (Retired 14 April 2023) (Appointed 28 February 2023) (Appointed 26 April 20231 Company secrelary D STEWART Accountanl KJENNINGS & CO Chartered accountants 40 GREENAN ROAD NEWRY CO DOWN 8T34 2PZ Structurei governance and management The organisation is run by board of trustees Oble¢tlves and actlvltles The purpose of the charity is to recruit train and place volunteers in Ihe voluntary sector. Achlevements and performance The Board believe thal Ihey are achieving their objectives even though they are operating in this difficult time lor funding.
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) fconllnued) Year ended 31 March 2023 Flnanclal review The Board acknowledge that Ihese are dillicull limes for all organisalions and are Ihanklul lo all those funding agencies who have supported Ihem.The organisalion operates on a very tight budget which allows them lo slill provide the services required in this sector. Plans for future periods The charity plans continuing the activities provided in the lorlhcoming years subject lo salisfaclory funding arrangemenls. Small company provlsions This report has been prepared in accordance with the provisions applicable to companies enlilled lo the small companies exemption. The trustees, annual report was approved on 16 October 2023 and signed on behalf ot the board of trustees by.. Ms JANIS GEARY Trustee Ms CLARE MCCANN Trustee ac(1
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limlted by Guarantee Statement of Financial Actlvltles (includlng Income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Tolal funds Tolal funds 2022 Unrestricled funds Note Income and endowments Donations and legacies Investment income Other income 37.911 364 3.771 101,017 138,928 364 3,771 93,044 184 5.218 Total income 42.046 101,017 143,063 98,446 Expenditure Expenditure on charitable activities Total expenditure 7.624 7,624 110,478 110.478 118,102 118,102 137,911 137,911 Net Incomel(expendlture) and net movement In funds 34,422 19,4611 24.961 139,465) Reconclllatlon of funds Tolal lunds brought forward Tolal funds carrled loNiard 23,706 58,128 24,300 48,006 72,967 87,471 14,839 48,006 The stalement ol financlal activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 5 to 11 form parl of these flnanclal 5talements.
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Current assets Cash al bank and in hand 74,945 49,996 Credltors: amounts falllng due within one year Net currenl assets 13 1,978 1,990 72,967 72,967 72,967 48,006 Total assets less current liabilities 48,006 Net assets 48,006 Funds of the charlty Reslricled funds Unrestricted funds 51,106 21,861 72,967 24,300 23,706 48,006 Total charity funds 15 For the year ending 31 March 2023 the charily was enlilled lo exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors, responsibilities.. The members have not required the company lo obtain an audit of ils financial slalemenls lor the year in question in acoordance with section 476- The directors acknowledge their responsibilities for complying with the requirements ol the Act with respect to accounting records and the preparation of financial statements. These financial slalemenls have been prepared in accordance with the provisions applicable lo companies subject lo the small companies, regime. These financial slalements were approved by the board ol Iruslees and authorised lor issue on 16 October 2023, and are signed on behalf ol the board by.. Ms JANIS GEARY Trustee Ms CLARE MCCANN Trustee The notes on pages 5 to 11 form parl of these flnanclal statements.
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General Informallon The charity is a public benefit entity and a private company limited by guarantee, regislered in N IRELAND and a reglstered charity in Northern Ireland. The address of the registered ollice Is OFFICE 2, LEGAHORY CENTRE. BROWNLOW. CRAIGAVON. BT65 5BE. Slatement of compllance These financial slatements have been prepared compliance with FRS 102, 'The Financial Reporting Slandard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charities SORP {FRS 102)) and the Companies Act 2006. Accounllng pollcles Basls of preparatlon The financial statements have been prepared on the hislorical cost basis, as modified by the revaluation of certain financial assets and liabilities and investmeni properties measured al fair value through income or expenditure. The financial statements are prepared in sterling, which is the lunclional currency of the entity. Golng concern There are no material uncertainties aboul the charity's abilily lo continue. Fund accounting Unrestri¢led funds are available lor use al the discretion ol Ihe trustees to further any ol the charity's purposes. Designated lunds are unrestricted funds earmarked by the trustees loi particular future project or commilmenl. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one ol two sub-classes.. restricted income funds or endowment funds.
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financlal Statements (contlnued) Year ended 31 March 2023 Accountlng pollcles (contlnued) Incomlng resources All incoming resources are included in Ihe statement of financial activities when entitlement has passed to the charily; il is probable that the economic benefits associaled with the transaction will flow to the charity and the amount can be reliably measured. The followlng specific policies are applied lo particular categories of income: income from donations or grants is recognised when there is evidence of enlillemenl to the gift, receipt is probable and its amounl can be measured reliably. legacy income is recognised when receipt Is probable and entillement is established. income from donaled goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case Ihe value is derived from the Cost lo the donor or the estimaled resale value. Donated lacilities and servlces are recognised in th@ accounts when received if the value can be reliably measured. No amounts are included lor Ihe contribution of general volunteers. income from contracls for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted lunds unless there is a contractual requirement for It to be spent on a particular purpose and returned il unspent, in which case it may be regarded as restricled. Resources expended Expendlture is recognised on an accruals basis as a liabiliiy is incurred. Expenditure includes any VAT which cannot be lully recovered, and is classified under headings ol the statement of financial aclivities to which it relates: expenditure on raising funds includes the cosls of all fundraising activities, events, non- charitable trading aclivilies, and the sale ol donated goods. expenditure on charitable aclivilies includes all costs Incurred by a charity in undertaking activities Ihat further ils charitablo aims lor the benefit of ils beneficiaries, including those support costs and costs relating to the governance of the charity apportioned lo charilable activities. olher expenditure includes all expenditure that is neither related to raising funds lor the charity nor part of its expenditure on charilable activilies. All cosls are allocated to expenditure calegories reflecting the use ol the resource. Direct cosls attribulable to a single activity are allocated directly to that activity. Shared costs are apportioned between Ihe aclivilies they Gontribute lo on a reasonable, justifiable and consistent basis. Tangible assets All fixed assets are Inltially recorded at cost.
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financlal Statements (contlnued) Year ended 31 March 2023 Accounllng pollcles (conllnued) Depreclatlon Depreciation is calculaled so as to write off the cost or valuation of an asset, less ils residual value, over the useful economic life of that asset as follows: Fixtures & Fittings 250/0 Straight line Impairm8nt ol Ilxed assets A review for indicators ol impairment is carried out at each reporting date, wilh the recoverable amount being estimated where such indicators exisl. Where Ihe carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaiiments are also reviewed for possible reversal at each reporling dale. For the purposes of impairmenl testing, when it is not possible lo estimate the recoverable amount of an individual asset, an estimate is made ol the recoverable amount ol Ihe cash- generating unit to which the assel belongs. The cash-generating unit is the smallesl identifiable group of assets that includes the asset and generales cash inflows that largely independenl ol the cash inflows from other assets or groups of assets. For impairment lesling of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated lo each of the cash-generating units that are expected lo benefit from the synergies of the combination. irrespective ol whether other assets or liabilities of the charity are assigned to those units. Flnanclal Instruments A linancial asset or a financial liability is recognised only when the charity becomes a parly to Ihe contractual provisions of the inslrument. Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction cosls. Current assets and current liabilities are subsequently measured at Ihe cash or other consideration expected to be paid or received and not disGounled. Debl instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their falr value can othernise be measured reliably. Ihe inveslmenl is subsequently measured ai fair value wilh changes in lair value recognised in income and expenditure. All other such investments are subsequently measured al cost less impairment. Other financial instruments, including derivatives, are inilially recognlsed at lair value, unless paymenl for an assel is deferred beyond normal buslness terms or flnanced at a rate of interesl that Is not a markel rale, in which case the asset is measured at the present value ol the fulure paymenls discounted al a market rate ol interest for a similar debt instrument. Other financial inslruments are subsequently measured at lair value. wilh any changes recognised in the statement of financial activities, with the exception ol hedging instruments in a designaled hedglng relalionship.
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 Accountlng pollcles (contlnued) Flnancla5 Instruments (conllnugd) Financial assets that are measured at cost or amortised cost are reviewed for objective evidence ol impairmenl at Ihe end of each reporting date. If there is objective evidence ol impairment, an impairment loss is recognised under Ihg appropriate heading in the statement ol financial aCtiVtieS in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assels that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on Ihe basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does nol result in a Carrying amount ol the financial asset Ihal exceeds what the carrying amount would have been had the impairment not previously been recognised. Deflned contrlbutlon plans Contributions to defined conlribution plans are recognised as an expense in the peiiod in which the related service is provided. Prepaid contributions are recognised as an asset lo Ihe extenl that the prepayment will lead to a reduclSon in fulure payments or a cash refund. When contributions are not expected to be settled wholly within 12 months ol the end of the reporting date in which Ihe employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period In which11 arises. Limiled by guarantee The Liabiliiy of Members is limited to an amount not exceeding one pound sterlino. Donatlons and legacles Unreslricted Funds Reslricted Total Funds Funds 2023 Grants DFC/DSD ABCIPCSP SHSCT National Lottery Community Fund Halifax 37,911 11,100 23,857 24,800 36,760 4,500 101,017 49,011 23,857 24,800 36,760 4,500 138,928 37.911
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Llmlted by Guarantee Notes to the Flnanclal Slatements (conllnugd) Year ended 31 March 2023 Donatlons and legacies (Conllnuéd) Unrestricted Funds Restricted Tolal Funds Funds 2022 Granls DFCIDSD ABCIPCSP SHSCT National Lollery Community Fund Halifax 38,516 15.896 20,658 11,702 38,516 15,896 26,930 11,702 6,272 6,272 86.772 93.044 Investmenl income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest received 364 364 184 184 Other Income Unreslricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Miscellaneous Income 3,771 3,771 5.218 5.218 Expenditure on charltable actlvltles by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Activiiy type 1 7,624 110,478 118,102 Unrestricled Funds Restricted Total Funds Funds 2022 Aclivity type 1 1,677 136.234 137.911 Expenditure on charltable actlvltles by actlvlty type Aotivities undertaken Total funds directly 2023 Total fund 2022 Activity type 1 118,102 118,102 137,911 10. Slaff costs
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limlted by Guarantee Notes to the Financlal Statements (conllnugd) Year ended 31 March 2023 10. Stalf costs (conllnued) The average head count of employees during the year was Nil (2022.. 31. The average number ol full-time equivalent employees during the year is analysed as follows: 2023 No. 2022 No. Number ol staff No employee received employee benefits of more than £60,000 during the year12022: Nil}. 11. Trustee remuneratlon and expenses No Remuneration or Other benefits from employment with the charity were received by the Irustees. 12. Tanglble flxed assets Fixtures and fittings Total Cost At 1 Aprll 2022 and 31 March 2023 Depreclallon At 1 Aprll 2022 and 31 March 2023 Carrylng amount At 31 March 2023 56,772 56.772 56,772 56,772 At 31 March 2022 13. Credltors: amounts falllng due withln one year 2023 2022 Accruals and deferred income 1,978 1.990 14. Penslons and olher post retlrement beneflts Deflned contrlbutlon plans The amount reoognised in income or expenditure as an expense In relation to defined contribution plans was £5,85312022.' £Nill. 10-
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 15. Analysls of charltable funds Unrestrlcled funds At 31 March 202 Al J April 2022 Income Expenditure General funds 23,706 42.046 (7.624) 58,128 At 31 March 202 At 1 April 2021 Income Expenditure General funds 13,709 11,674 {1 ,677) 23.706 Restricted lunds At 31 March 202 Al l April 2022 Income Expenditure Reslrlcted Fund 1 desc in ajcs Reslricled Fund -other Funds 101,017 (110,4781 (9,461) 24,300 24,300 24,300 101,017 (110,4781 14,839 At 31 March 202 Al 1 April 2021 Income Expenditure Restricted Fund 1 desc in alcs Reslricled Fund -Olher Funds 86,772 (136.2341 (49,462) 73,762 24,300 73.762 73.762 86,772 (136.2341 11
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Llmited by Guarantee Management Information Year ended 31 March 2023 The followlng pages do not lorm part of Ihe financial slatements. 12-
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE COMPANY LIMITED BY GUARANTEE INDEPENDII NT EXAMINER'S REPORT TO THE MEMBERS OF CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE YEAR ENDED 31 MARCH 2023 I report on the accounts of the company for the year ended 31 March 2023 which are set out on pages RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees (who are also the directors of Craigavon & Banbridge Volunteer Centre for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year and that an independent examination is needed. Having satisfied myself that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to state wheth¢r particular matters have come to my attention. BASIS OF INDEPENDENT EL4MINER'S STATEMENT My examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures underiaken do not provide all the evidenc¢ that would be required in an audit and consequently no opinion is given as to wh¢ther th¢ accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention: ( l ) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Repoiting by Charities have not been met; or (2) to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. 12
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE COMPANY LIMITED BY GUARANTEE INDEIPENDENT EXAMINER'S REPORT TO THE MEMBERS OF CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE (Continue YEAR ENDED 31 MARCH 2023 K JENNINGS & CO CHARTERED ACCOUNTANrs Independent examiner k•¢Z 40 G14EENAN ROAD NEWRY CO DOWN BT34 2PZ KJENNINGS & CO CHARTERED ACC'OUNTANT 40 Gi'eenan Roiid Neivry Co Doivn BT34 2PZ 16 October 2023 13
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Detalled Statement of Financlal Actlvltles Year ended 31 March 2023 2023 2022 Income and endowrnents Donations and legacles DFCIDSD ABCIPCSP SHSCT National Lottery Communily Fund Halifax 49,011 23,857 24,800 36,760 4,500 138,928 38.516 15,896 26.930 11.702 93.044 Investmenl Income Bank interest received 364 184 Other Income Miscellaneous Income 3,771 5.218 Total Income 143,063 98.446 Expendlture Expendlture on charltable a¢tivlties Wages and salaries Pension costs Rent Rates and water Light and heat Repairs and maintenance Insurance Other establishment Other motorltravel costs Legal and professional fees Telephone Other office costs Volunteer Meals and Travel Small Grants Additional Funding Covid Related Expenses 79,959 5,853 9,949 232 2,093 1,714 1,052 4,199 328 1,400 3,534 476 2,098 733 4,482 86.717 9,862 220 5,134 679 970 52 1.650 3,178 776 1,407 18,129 9,137 118,102 137.911 Total expendllure 118,102 137,911 Net Incomel(expendlture) 24,961 139,4651 14-
CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Detailed Statement of Financial Actlvitles Year ended 31 March 2023 2023 2022 Expendllure on charltable acllvlties Activity type 1 Activltles undertaken dlrectly Wageslsalaries Pension costs Rent Rates & waler Llght & heat Repairs & mainlenance Insurance Other Office Cosls Travel and Subsistence Accountancy fees Telephone Printing, Stationery and Poslage Volunteer Meals and Travel Small Grants Addilional Funding Covid Related Maintenance Expenses 79,959 5,853 9,949 232 2,093 1,714 1,052 4,199 328 1,400 3,534 476 2,098 733 4,482 86.717 9,862 220 5,134 679 970 52 1,650 3,178 776 1,407 18,129 9,137 118,102 137,911 Expendlture on charitable aetivitles 118,102 137,911 15-