COMPANY REGISTRATION NUMBER: N1031409 CHARITY REGISTRATION NUMBER: NIC101712 CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Unaudited Financial Statements Year ended 31 March 2024 K JENNING &co Chartered accountants 40 GREENAN ROAD NEWRY CO DOWN BT34 2PZ CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial ststements Report to the board of trustees on the preparation of the unaudited statutory financial statements 13 Detailed statement of financial activities 14 Notes to the detailed statemenl of financial activities 15 CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024 Reference and adminlstrative details Registered charity name CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Charity reglstration number NIC101712 Company reglstration number N1031409 Principal office and registered 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 20231 {Appoinled 26 April 20231 Company secretary D STEWART Accounlant KJENNINGS & CO Chartered accountants 40 GREENAN ROAD NEWRY CO DOWN BT34 2PZ Structure, governance and management The organis81ion is run by board of truslees Objectives and activities The purpose of the charity is lo recruit ITain and place volunteers in the voluntary sector. Achievements and performance The Board believe that they are achieving their objectives even though they are operating in this difficult time for funding. CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {conllnutd) Year ended 31 March 2024 Financial revlew The Board acknowledge that these are difficult limes for all organisalions and are thankful lo all those funding agencies who have supported Ihem.The organisation operates on a very light budget which allows them lo still provide the services required in this seclor. Plans for fulure periods The charity plans continuing Ihe activities provided in the forthcoming years subject lo salisfaclory funding arrangements. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled lo the small companies exemplion. The trustees, annual report was approved on 26 November 2024 and signed on behalf of the board of trustees by.. Ms JANIS GEARY Trustee Ms CLARE MCCANN Trustee CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unreslricled funds Note Income and endowments Donations and legacies Investment income Other income 29,759 257 3.767 118,266 148,025 257 3,767 138.928 364 3,771 143,063 Total income 33.783 118,266 152,049 Expendlture Expenditure on charitable aclivilies Total expenditure 14.617 14,617 106,406 106,406 121,023 121,023 118,102 118,102 Net income 19,166 11,860 31,026 24,961 Transfers between funds 3,300 13,3001 Net movement in funds 22,466 8,560 31,026 24,961 Reconclllatlon of funds Total funds brought forward Total funds carried fopNard 58,129 80,595 14,838 72,967 103,993 48,006 72,967 23,398 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notes on pages 5 to 11 form part of these flnancSal statemenis. CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 13 5,865 101,665 107,530 74.945 74,945 Creditors: amounts falling due within one year Net current assets 14 3.537 1,978 72,967 103.993 Total assets less current liabilities 103,993 103,993 72,967 72,967 Net assets Funds of the charity Reslricled funds Unreslricled funds 23,398 80,59S 14,839 58,128 Total charity funds 16 103,993 72,967 For the year ending 31 March 2024 the charity was entitled to exemplion from audil undef section 477 of the Companies Act 2006 relating lo small companies DireGtors' responsibilities.. The members have nol required the company to obtain an audit of its financial statements for the year in question in accordance with section 476", The directors acknowledge their responsibilities for complying with the requirements of the Act with respecl lo accounting records and the preparation of linanoial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime. These financial statements were approved by the board of trustees and aulhorised for issue on 26 November 2024, and are signed on behalf of the board by.. Ms JANIS GEARY Truslee Ms CLARE MCCANN Trustee The notes on pages S to 11 fomi part of these flnanclal statements. CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General informatlon The charity is a public benefit entity and a private company limited by guarantee. registered in N IRELAND and a registered charity in Northern Ireland. The address of the registered office is OFFICE 2. LEGAHORY CENTRE, BROWNLOW, CRAIGAVON, BT65 5BE. Statement of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard 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 of Ireland IFRS 102) (Charities SORP IFRS 10211 and the Companies Act 2006. Accountlng policies Basis of prèparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured 8t fair value Ihrough income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Going concern There are no malerial uncertainties about the charity's ability to continue. Fund accountlng Unrestricted funds are available foi use al the discretion of the Iruslees lo further any of the charity's purposes. Designated lunds are unrestricted funds earmarked by the trustees for particular future project or commitment. Reslri¢ted funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements (coniinued) Year ended 31 March 2024 Accounting pollcies (eontlnued) Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed lo the charity," it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured, The following specific policies are applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement lo the gift, receipt is piobable and its amount can be measured reliably. legacy income is recognised when receipt is probable and enlillemenl is established. income from donated goods is measured at Ihe fair value of the goods unless Ihis is impractical to measure reliably, in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in Ihe accounts when received if the value can be reliably meas¢Jred. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is iecognised with the delivery of the ¢ontracled seNice. This is classified as unreslricled funds unless there is a conlfactual requirement for il lo be spent on a particular purpose and returned if unspent, in which case il may be regarded as reslricled, Resources expended Expenditure 15 recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannol be fully recovered. and is classified under headings of the slalement of financial activities to which il relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activllies includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of ils beneficiaries, includin9 those support costs and costs relating to Ihe governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of ils expenditure on charitable activities. All costs are allocated lo expenditure calegofies reflecting the use of the resource. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. TangSble assets All fixed assets are initially recorded al cost. CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2024 Accounting poli¢le$ (crjffttrtlnued) Depreciation Depreciation is calculated 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 & Fillings 25 1 straight line Impairment of fixed assets A review for indicators of impairment is carried out al each reporting dale, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, Ihe asset is impaifed accordingly. Prior impaiimenls are also reviewed for possible reversal at each reporting date, For the purposes ol impairment testing, when il is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash- generating unil to which the asset belongs. The cash-generaling unit is the smallest identifiable group of assets that includes the asset and generales cash inflows that largely independent of the cash inflows from other assets or groups of assets, For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated lo each of the cash-generaling units that are expected lo benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned lo those units. Flnancial instruments A financial asset or a financial liability is recogni5ed only when the charily becomes a party lo the contractual provisions of the instrument Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured al amortised cost. Where investments in shares are publicly Iraded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Olher financial instrymenls, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case Ihe asset is measured at the present value of the future payments discounled al a markel rale of interest foi a similar debt instrument. Other financial instruments are subsequently measured al fair value. with any changes recogni5ed in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements (Conllnuedj Year ended 31 March 2024 Accountlng policies (eontlnued) Financial instruments (eonllnued) Financial assels that are measured at cost or amortised cost are reviewed for objective evidence of impairment al the end of each reporting dale. If there is objective evidence of impairmenl, an impairment loss is recognised under the appropriate heading in the statement of financial aclivities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar Cfedil risk characlerislics. Any reversals of impairment are recognised immediately, lo the extent that the reversal does not result in a cairying amount of the financial asset Ihat exceeds what the carrying amount would have been had Ihe impairment not previously been recognised. Defined contrlbutlon plans Contributions lo defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the exlenl that the prepayment will lead lo a reduction in future payments or a cash refund When contributions are not expected lo be seltled wholly within 12 months of the end of the reporting dale in which the employees render Ihe related service, the liability is measured on a discounted present valve basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The Liability of Members is limited to an amount not exceeding one pound sterling. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Grants DFCIDSD ABCIPCSP SHSCT National Lollery Community Fund Halifax 43,063 11,710 43,063 18,377 23,092 63,493 6.667 23.092 63,493 29,759 118,266 148,025 CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 March 2024 Donations and legaci8S (Contlnued) Unreslricled Funds Restricted Total Funds Funds 2023 Granls DFCIDSD 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 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest received 257 257 364 364 Other intome Unreslricled Total Funds Unreslrioled Total Funds Funds 2024 Funds 2023 Miscellaneous Income 3,767 3,767 3,771 3,771 Expenditure on charitable activities by fund typo Unrestricted Funds Restricted Total Funds Funds 2024 Activity type 1 14,617 106.406 121,023 Unresliicled Funds Restricted Total Funds Funds 2023 Activity type 1 7,624 110,478 118,102 Expenditure on charltable actlvitles by activlty type Activities undertaken Total funds directly 2024 Total fund 2023 Activity type 1 121,023 121,023 118,102 CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Ststements (conllnued) Year ended 31 March 2024 10. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Employer contribution5 to pension plans 78.358 6,756 79,959 5,853 85,114 85,812 The average head count ol employees during the year was Nil {2023'. Nil} The average number of full-time equivalent employees during the year is analysed as follows: 2023 No. 2024 No, Number of staff No employee received employee benefits of more than £60,000 during the year12023.. Nil). 11. Trustee remuneratlon and expenses No Remuneration or Other benefits from employment with the charity were received by the trustees. 12. Tangible fixed assets Fixtures and fittings Total Cost At 1 April 2023 and 31 March 2024 Depreciation At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 56,772 S6,772 56,772 56,772 At 31 March 2023 13. Debtors 2024 2023 Other debtors 5,865 14. Credltors: amounts falllng duè wlthln one year 2024 2023 Acciuals and deferred income 3,537 1,978 10- CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 15. Penslons and other posl retirement beneflts Deflned contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £6,75612023.' £5,853). 16. Analysls of charitable funds Unrestricted funds At 31 March 202 At 1 April 2023 Income Expenditure Transfers General funds 58,129 33,783 {14.6171 3,300 80,595 Al 31 March 202 At 1 April 2022 Income Expenditure Transfers General lunds 23,706 42,046 (7,6241 58,128 Restricted funds At 31 March 202 Al 1 April 2023 Income Expenditure Transfers Reslricled Fund 1 desc in alcs Restricted Fund -other Funds 118,266 1106,4061 11,860 14,838 14.838 13,300} 13,3001 11,538 23,398 118.266 (106,406) At 31 March 202 At 1 April 2022 Income Expenditure Transfers Reslricled Fund 1 desc in alcs Restricted Fund -other Fvnds 101,017 {110,478} {9,461) 24.300 24,300 24,300 101,017 1110,4781 14,839 11 CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE COMPANY LIMITED BY GUARANTE INDEPENDF.NT II XAMINER'S REI PORT TO THF MEI MBERS OF CRAIGAVON & BANBRIDGE VOLUNTII Ell CENTR YV.AII ENDED 31 MARCH 2024 I report oli Ilie accouiils of tlie conipaiiy for tlie year ended 31 Marcli 2024 wliicli clre Sel oul 01) i)ag)es IIFSPEI CTIVE REI SPONSIBILITIES OF TIIUSTfFS AND EXAMINLR TIIL. Irustees (Nvlio arL also lh¢ d ireLlors of Ci'JiuFcivon & B4inbi-idge Voliinleei. Ceiili'e lor tlic purposes of cuiii PÉiliy 11< w) 11 fL r¢%poiisible for Ilie pi'epi< I'alioii of Ili¢ aLLouiils. "fiie Iriistees coiisider Ih¢il dll aiidit is 1)ol I'cquircd li)I' Il)is jiear and Ilial an indepliideiil ex(Illlil)4ilioi) is Iieeded. 14iqviiig salisfied n)yself Il)41t the coiiipany is not siibject to audil uiider Lonip11 ny l¢llV