COMPANY REGISTRATION NUMBER: N1031409 CHARITY REGISTRATION NUMBER: NIC101712 CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Unaudited Financial Statements Year ended 31 March 2025 NINGS & CO Chartered accountants 30A Kilmorey Street Newry Co Down BT34 2DE CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Financial Statements Year ended 31 March 2025 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 statements Report to the board of trustees on the preparation of the unaudited statutory 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 (Incorporating the Director's Report) Year ended 31 March 2025 The Iruslee5, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the Gharity for the year ended 31 March 2025. Reference and admlnlstratlve detalls Reglstered charity name CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Charity registration number Company registratlon number N1031409 NIC101712 Principal offlce and registered. OFFICE 2 office LEGAHORY CENTRE BROWNLOW CRAIGAVON BT65 5BE The trustees Ms JANIS GEARY Ms LINDA LYNESS Mr BRENDAN MACPARTLIN Ms CLAIRE MARY PATIENCE Ms CLARE MCCANN Company secretary D STEWART Accountant K Jennings & Co Chartered accountants 30A Kilmorey Street Newry Co Down BT34 2DE Structure, governance and management The organisalion is run by board of trustees Objectives and activitles The purpose of the charity is to recruit train and pla¢e volunteers in Ihe voluntary sector. Achlevements and performance The Board believe that they are a¢hieving 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) Icontlnuedj Year ended 31 March 2025 Flnanclal revlew The Board acknowledge that these are difficult limes for all organisations and are thankful to all those funding agencies who have supported Ihem.The organisalion operates on a very tight budget which allows them to still provide the services required in this sector. Plans for future periods The charity plans continuing the activities provided in the forthcoming years subject to satisfactory funding arrangements. Small ¢ompany provisions This report has been prepared in accordance with the provisions applicable lo companies enlilled lo the small companies exemption. The trustees, annual report was approved on 9 September 2025 and signed on behalf of the board of trustees by.. Ms JANIS GEARY Trustee Ms CLARE MCCANN Trustee 04u/g CRAIGAVON & BANBRIDGE VOLUNTEER CINTRE Company Limited by Guarantee statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Resliicled funds Total funds Total funds 2024 Unrestricted funds Note Income and endowments Donations and legacies Investment income Other income 15,918 304 2,062 18,284 99,087 115,005 304 2,062 117,371 148.025 257 3,767 152,049 Total income 99,087 Expenditure Expenditure on charitable activitiès Total expenditure 12,457 102,157 102,157 114,615 114,615 121,023 12,457 121.023 Net Income and net movement In funds 5,827 13,0701 2,756 31,026 Reconciliatlon of funds Total funds brought forward Total funds carried forward 80,595 86,422 23.398 20,328 103,993 106,750 72,967 103,993 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Thè notgs on pages 5 to 11 form part of these finan¢ial Statements. CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Current assets Debtors Cash at bank and in hand 13 4,407 102,342 106,749 5,865 101,665 107,530 Credltors: amounts falllng due within one year Net current assets 14 3,537 106,749 106,749 106,749 103,993 Total assets less current liabllltles 103,993 Net assets 103,993 Funds of the charity Restricted funds Unrestricted funds 20,328 86,422 23,398 80,595 103,993 Total charity funds 16 106,750 For the year ending 31 March 2025 the charity was entitled lo exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors, responsibililies.. The members have not required the company io 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 respect lo accounting records and the preparation of flnancial 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 authorised for issue on 9 September 2025, and are signed on behalf of the board by: Ms JANIS GEARY Trustee Ms CLARE MCCANN Trustee Ci The note3 on pages 5 to 11 form part of these flnancial 8tatements. CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 Genoral information 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 offits is OFFICE 2, LEGAHORY CENTRE, BROWNLOW, CRAIGAVON, BT65 5BE. Statement of compliance 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 Slatemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 102)) and the Companies Act 2006. Accounting policies Basls of preparatlon The finan¢ial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment propprties measured al lair value through income or expenditure. The financial statements are Prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Fund accountlng Unrestricted funds are available for use al the discretion of the Iruslees lo further any ol the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Reslricled funds are subjected to restriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of fv¢o sub-classes.. restricted incorne funds or endowment funds. CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements {¢orttinuedJ Year ended 31 March 2025 Accounting policies feontlnuedj Incoming resources All incoming resources are included in the stalemenl of fsnancial activities when enlillemenl has passed lo the charity; il is probable that the economic benefits associated with the Iransaclion will flow lo the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations Of granls is recognised when there is evidence of enlillement lo the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when re¢eipl is probable and entitlement is established. income from donated goods is measured al the fair value of Ihe 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 the accounts when received if the value can be rellably measured. No amounts are included lor the Gonlribulion of general volunteers. income from contracts for the supply of sefvices is recognised with the delivery of the Contracted service. This is classified as unrestricted funds unless there is a conlraclual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resource5 expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the cosls of all fundraising activities. events. non- charitable trading activities. and the sale of donaled goods. expenditure on charitable activities includes all costs incurfed by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable aclivilies. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor parl of its expendilure on charitable aclivilies. All costs are allocated lo expenditure cale9ories 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 lo on a reasonable, justifiable and consislent basis. Tangible assets All fixed assets are initially recorded al cost. CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2025 Accounting pollcles {conllnuedJ Depreclation Depreciation is calculated so as to write off the cost or valuation of an asset, less ils residual value, over the usefvl economic life of that asset as follows.. Fixtures & Fittings 25Q/o straight line Impairment of flxed assets A review for indicators of impaifmenl is carried out at each reportlng date, with the recoverable amount being estimated where such. indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible lo estimate the recoverable amount of an individual asset, an estimate is made of the re¢overablp amount of the cash- generating unil lo which the asset belongs, The cash-generating unit is th8 smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of 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 to benefit from the synergies of the combination, irrespective of whelhef Other assets or liabilities of the ch8rity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity beGomes a paty lo the conlraclual provisions ol the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Curfenl assets and currenl liabilities are subsequently measured al the cash or other consideration expected to be paid or received and not discounted. Deb* instruments are subsequently measured at amortised cost. Where investments in shares are publicly tr8ded or their fair value can otherwise be measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. other financial instruments, including derivats'ves. 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 2 market rate, in which case the asset is measured at the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes re¢ognised in the statement of finan¢ial 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 {conlinued) Year ended 31 March 2025 Accounting pollcies (contlnued) Financial Instruments (eontlnuedj Financial assets that are measured al cost or amorlised Cost are reviewed for objective evidence of impairment at the end of each reporting dale. If there is objective eviden￿ of impairment, an impairment loss is recognised under the appropriate heading in the slalement of financial activities in which the initial gain was recognised. For all equity instruments regardless ol significance, and other financial assets that are individually significant, these are assessed individually for impairmenl. Olher financial assets are either assessed individually or grouped on the basis of similar credit risk characlerislics. Any reversals of impairment are recognised immediately, lo the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Dellned ¢ontrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related seNice is provided. Prepaid contribulions are recognised as an asset to Ihe extent Ihat the prepayment will lead to a reduclion in future payments or a cash refund. When contributions are not expected lo be settled wholly within 12 months of the end ol the reporting dale which the 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 which il arises. LlmSted by guarantee The Liability of Members is limited to an amount not exceeding one pound sterling. Donations and legacles Unrestricted Funds Restricted Total Funds Funds 2025 Grants DFCIDSO ABCIPCSP SHSCT National Lottery Community Fund 41,013 9,907 41,013 9,907 15,918 48,167 115,005 15.918 48.167 99,087 15,918 CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements (eontlnued) Year ended 31 March 2025 Donations and legacles fcontlnuedj Unreslricled Funds Restricted Total Funds Funds 2024 Grants DFCIDSD ABCIPCSP SHSCT National Lottery Community Fund 43,063 11,710 43,063 18,377 23,092 63,493 6.667 23,092 63,493 118,266 29,759 148,025 Investment Income Unreslficled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest received 304 304 257 257 Other Income Unrestricted Total Funds Unreslricled Total Funds Funds 2D25 Funds 2024 Miscellaneous Income 2,062 2,062 3,767 3.767 Expendlture on charltable actlvltles by fund type Unreslricled Funds Restricted Total Funds Funds 2025 Activity type 1 12,457 102,157 114,615 Unrestricted Funds Restricted Total Funds Funds 2024 Activity type 1 14.617 106,406 121,023 Expenditure on charitable activltles by actlvlty type Activities undertaken Total funds directly 2025 Total fund 2024 Activity type 1 114,615 114,615 121,023 CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Financial Statements (eontlnued) Year ended 31 March 2025 10. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows-. 2025 2024 Wages and salaries Employer contributions lo penslon plans 76,205 6,825 78,358 6.756 83,030 85,114 The average head count of employees during the year was Nil12024.' Nil). The average number of full-lime equivalent employees during the year is analysed as follows.. 2025 2024 Number ol staff No employee received employee benefits of more than £60,000 during the year12024.. Nill. 11. Trustee remuneration and expenses No Remuneration or Other benefits from employmenl with Ihe charity were received by the Iruslees. 12. Tangible fixed assets Fixtures and fillings Total Cost At 1 Aprll 2024 and 31 March 2025 Depreclation At 1 April 2024 and 31 March 2025 Carrying amount At 31 March 2025 56,772 56,772 56,772 56,772 Al 31 March 2024 13. Debtors 2025 2024 Other debtors 4.407 5,865 14. Credltors: amounts falling due wilhin one year 2025 2024 Accruals and deferred income 3.537 10- CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Income and endowmenls Donations and legacies DFCIDSD ABCIPCSP SHSCT National Lottery Community Fund 41,013 9,907 15,918 48,167 115,005 43,063 18,377 23,092 63,493 148,025 Investment incorne Bank interest received 304 257 Other Income Miscellaneous Income 2,062 3,767 Total income 117,371 152,049 Expendlture Expenditure on charitable activities Wages and salaries Pension costs Rent Rates and water Light and heat Repairs and maintenance Insurance Other establishment Other motorltravel costs Legal and professioiial fees Telephone Other office costs Volunteer Meals and Travel Small Grants Additional Funding 76,205 6,825 11,255 264 4,022 321 1,325 2,320 78,358 6,756 10.573 264 3,127 352 1,220 7.383 176 1,544 2,716 93 3,953 1,578 2,930 2,520 3,826 329 5,403 114,615 121,023 Total expenditure 114,615 121,023 Net income 2,756 31,026 14 CRAIGAVON & BANBRIDGE VOLUNTEER CENTRE Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Expenditure on charltable activities Acllvity type 1 Activitles undertaken directly Wageslsalaries Pension costs Rent Rates & water Light & heal Repairs & maintenance Insurance other Office Costs Travel and SLibsislence Accountancy fees Telephone Printing, Stationery and Postage Volunteer Meals and Travel Small Grants Additional Funding 76,205 6,825 11,255 264 4,022 321 1.325 2,320 78,358 6.756 10.573 264 3,127 352 1,220 7,383 176 1,544 2,716 93 3,953 1,578 2,930 121,023 2,520 3,826 329 5,403 114,615 Expenditure on charitable activities 114,615 121,023 15