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2023-04-05-accounts

Charity Commission for NI Registration number: NIC102852

TEAMJVC COMMUNITY TRUST

Financial Statements

for the year ended 5th April 2023

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

TEAMJVC COMMUNITY TRUST

Organisation Information

Trustees Mr Lewis Smyth
Mrs Gwen Smyth
Mr Henry McCrory
Mr John Moore
Mr Alan Stewart
Charity Registration No. NIC102973 Charities Commission for Northern Ireland
Registered Office 75 Woodburn Road
Carrickfergus
Co Antrim
BT38 8PS
Reporting Accountants Diamond & Skillen
Sinclair House
89/101 Royal Avenue
Belfast
BT1 1FE
Business Address 75 Woodburn Road
Carrickfergus
Co Antrim
BT38 8PS
Bankers Santander
Bootle
Merseyside
L30 4GB
Ulster Bank
2 Farmley Road
Glengormley
BT36 7QU

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

TEAMJVC COMMUNITY TRUST

Contents

Page (s)
Trustees’ Report 1 - 5
Independent Examiner’s Report 6
Statement of Financial Activities 7
Statement of Financial Position (Balance Sheet) 8
Statement of Cash Flows 9
Notes to the Financial Statements 10 - 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

TEAMJVC COMMUNITY TRUST

Trustees’ Report for the year ended 5th April 2023

The Board of Trustees submits its report together with the financial statements for the year ended 5th April 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

The Organisation is an unincorporated charity, registered with the Charity Commission for Northern Ireland, number NIC102852. The names of the present Trustees, and any past Trustees who served during the year, are given on page 4, together with the names of the charity’s external advisors.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Trustees

The Board of Trustees is responsible for the overall governance of the Organisation. Trustees have the power at any time and from time to time to appoint any person to be a Trustee and the total number of Trustees may not be less than three and cannot be more than six. Any Trustee appointed may hold office for life (subject to meeting the requirements of Article 33 of the Charities Act (Northern Ireland) 2008). The Board elects one of its number to act as Chairperson for the term at their first meeting following the Chairperson’s appointment.

The Board meets at least once each year. Trustees review strategy and operational performance. New Trustees meet with the other members of the Trustee Board who provide them with all the information they need on the work of the Organisation which is further enhanced at the meetings of the Board thereafter. The Board delegates the exercise of certain tasks in connection with the management and administration of the Organisation. This is controlled by requiring regular reporting back to the Board so that all decisions can be ratified in due course.

Statement of Trustees’ Responsibilities and Corporate Governance

The organisation is registered with the Charity Commission for Northern Ireland.

The Trustees are responsible for their annual report and for the preparation of financial statements for each financial year which give a true and fair view of the state of affairs of the organisation and of the net movement in funds of the organisation for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for ensuring that the organisation keeps proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisation and to enable them to ensure that the financial statements comply with current legislation. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:

Statement of disclosure to our independent examiners

In so far as the Trustees are aware at the time of approving our Trustees’ annual report:

Page 1 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

OBJECTS, OBJECTIVES AND PRINCIPAL ACTIVITIES OF THE CHARITY

In accordance with the Constitution document, the objects for which the Charity is established are:

STATEMENT OF COMPLIANCE WITH THE DUTY TO HAVE REGARD TO THE CHARITY COMMISSION FOR NORTHERN IRELAND’S GUIDANCE ON PUBLIC BENEFIT

In setting our objectives and planning our activities for the year the Trustees have given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the activities have helped to achieve the Charity’s purpose and provide a benefit to the beneficiaries. No harm and no private benefit flowed from the purposes of the charity.

ACHIEVEMENTS AND PERFORMANCE

Advancement of Religion

Weekly meetings have been continuing throughout the year 2022/23 that included teaching, encouragement, fellowship, prayer support and emotional and practical support.

Carrickfergus Foodbank

Throughout the year ending 5[th] April 2023 the foodbank continued to provide its service of supplying emergency food to both families and individuals referred to the foodbank. In conjunction with this the foodbank also gave food support to various organisations working with the most vulnerable in our communities. The economic effects of the war in Ukraine and the cost-of-living crisis in the UK has had a significant impact on the foodbank service with an increase in demand for its service.

The foodbank has 68 Referral agencies listed as holding the foodbank vouchers.

There are 22 Regular volunteers and extra volunteers also help at our twice-yearly Tesco 3 days Food Collection.

Food Distribution: (comparative figures in brackets)

Total Food Distributed - 32403.62kg (30604.29kg)

Distribution through the following areas:

Voucher/code referral Voucher/code referral Voucher/code referral Voucher/code referral Voucher/code referral Voucher/code referral Christmas food hamper Christmas food hamper Christmas food hamper Christmas food hamper Christmas food hamper Christmas food hamper
Number Total No Fed No of Adults No of Children Number Total No Fed No of Adults No of Children
814(441) 2,468(1,364) 1,387(717) 647(1,081) 183(215) 536(607) 277(306) 259(301)
Other organisations supported: 21(17)
Foodbanks Schools Other organisations Churches
kg kg kg kg
Antrim foodbank 559.6 Acorn Integrated PS 95.6 Carrick Manor 18.8 Carrickfergus Elim 12.0
Armagh foodbank 536.9 Carrick Academy 44.9 CommunityCare NHSCT 47.9 Victoria Gospel Hall 93.4
Larne foodbank 273.1 Carrick Grammar 30.8 CAP 545.6 Jordan VictoryChurch 50.8
Newtownabbey 208.3 Carrick Central PS 37.6 Flourish NI 1,049.8
SW Belfast 113.1 Sunnylands PS 273.6 Prison Fellowship 367.3
Whitehead Storehouse 101.2 Sparrow Centre 27.3
Carrick YMCA 755.3

Page 2 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Food Donations: (comparative figures in brackets) Total Food Donated - 38,945.47kg (32946..74kg)

Supermarkets / shops Supermarkets / shops Education Education Other corporate /
community / individual /
charity		 Other corporate /
community / individual /
charity		 Churches Churches
kg kg kg kg
Tesco Carrickfergus 22,193.85 Acorn Integrated PS 368.6 USPCA 125.4 Joymount Presbyterian 1023.6
Hendersons 5527..84 Eden PS 357.6 Rapid Relief Team 22.3 ChristChurch Carrickfergus 331.0
Sainsbury’s Carrickfergus 3,883.1 Victoria PS 328.3 Carrick Rangers FC 203.7 St Coleman’s CoI 277.4
Eurospar Victoria 575.8 Carrickfergus Model PS 277.5 SlimmingWorld 83.2 St Nicholas’ CoI 223.3
Eurospar Milestone 234 Oakfield PS 207.9 Bombardier 329.5 Woodburn Presbyterian 216.4
Spar NI Fortfield 179.38 Woodburn PS 192.3 WPS Power Station 94.2 Carrickfergus Elim 202.0
FactoryShop 8.3 Greenisland PS 116.3 Yelo 80.7 HolyTrinityCoI 198.8
Carrickfergus Central PS 66.7 Earthlybreeze 38.3 Mount St Nicholas 178.5
Ulidia Integrated 30.2 Cadburys 37.5 Loughmourne Presbyterian 90.1
Unknown 612.1 Residents One Irish 78.0
John Stewart MLA 577.6 Carrick Congregational 40.6
Private Donation 159.7 Church of Nazarene 23.2
Miscellaneous 122.6 Carrick CommunityChurch 8.8

Monetary donations were received through the following areas :

  1. Direct donations to the foodbank account from businesses & members of public, schools & churches

  2. Cash lodgments to the foodbank account

  3. Online giving platforms ‘Golden Giving’ & ‘Peoples Fundraising’ and ‘Benevity’

  4. Trussell Trust payments ref Tesco PCP and collections Top-up and Trussell Trust Grants.

  5. Grants and large donations (£500 and over):

Businesses / online giving
platforms		 Businesses / online giving
platforms		 Grants / Trussell Trust Tesco
TopUp		 Grants / Trussell Trust Tesco
TopUp		 Churches / Schools Churches / Schools Cash
donations
£ £ £ £
Don McQueen Interior 500.00 Trussell Tesco TopUp 1669.35 Ulidia School 565.00 1600.00
Golden Giving 889.64 Groundwork Tesco 1000.00 St Nicholas’ CoI 1146.75 1600.00
R Snodden 500.00 Lotteries Main Grant 9206.00 St Nicholas’ CoI 646.00 1600.00
Trussell Trust TopUp 1333.91 1600.00
Trussell Trust Winter 5000.00 2000.00
EP Ballylumford 2000.00 2000.00
Trussell Tesco TopUp 595.36 2400.00
UP UK Investments 3000.00 1000.00
Trussell Tesco TopUp 665.24 500.00
Lotteries Main Grant 19576.00 2200.00
2650.00
670.00
1000.00
2000.00

Overview of expenditure by the foodbank

The main areas of expenditure were the Project Co-ordinators wages, purchasing items through the various grants received (a detailed list can be provided on request). Other purchases were Washing powders and fabric conditioners as well as Gift cards for both Tesco and Iceland Gift these were given to clients to purchase fresh items.

Future Plans

Due to the increase in demand the need to move into a more suitable space for storage along with a more practical and confidential client facing area has become necessary and this is being planned for the year April 2023 – April 2024.

Team JVC Hub

Team JVC Hub
2023 2022
Number ofpeople receiving job specific training 15 8
Volunteers withinproject 18 11
Number of voluntary groups supported 17 15
Number of communityrelationprojects supported 3 2
Number ofpeople usingcommunityfacilities 77 -
Number of communitysafetyinitiatives implemented 1 1

Outings

Antrim Castle Gardens.

Portrush bus trip which was attended by 30 people including 14 children. Trip to Cinema attended by 25 Women.

Page 3 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Crafts

Knitting and Crocheting classes held weekly to make Vests for new-born babies who have no clothes and Worry worms which are designed to help anxious children. Baby blankets were made for a Charity called Blossoms who support Mums in need. Bags were sewn and given out to local School kids and filled with stationary.

Friendship Group

Breakfast club

Games played inside and outside.

Courses attended

Safe Community training which highlighted domestic abuse. Men’s shed which trained the women to use power tools. Essential skills where 9 people attended.

Glow course “The real me I didn’t see” which ran for 18 weeks and obtains 2 OCN Accreditation.

Winter Wonderland Craft Fair 2022

Our Craft Fair had around 800 people attend with 40 craft tables filled. This is always a great community event where we offer prayer and help for those in need. Santa gave out sweets to the children and a play area for the children was a great success. A toy sale was had to raise funds for the children in India to provide them with toys and a total amount of £1375 was raised. All proceeds from the day were collected and donated to India which included £390 from a sale of knitted items and £1320 from sale of tables and coffee shop sales.

Russian Outreach

We have encountered difficulty sending money to support the work in Russia due to the war between Russia and Ukraine, but after much research we have discovered a safe route to send salaries and provide financial support for staff at the “Light of Hope”. The Light of Hope team have run the back to school and Celebrating families’ programme. The main work for the Immigrants arriving at Cherepovets Russia is assisting them by providing the “involved citizens” programme in their communities. This, as always, is achieved through the staff and local volunteers by way of practical hands-on training at the Light of Hope along with Government guidelines.

Community Citizenship Development

Outreach development classes are ongoing which includes learning to read and write in the Russian language. The Youth Camp programme is a yearly event supported by iCare Ministries and Teamjvc Community Trust, we have also seen an uptake by local businesses and the local community become more supportive financially and on a voluntary basis.

India Outreach

JVC partners with EARE India provided money for food, clothes and medical aid for the poor. The programme also releases trafficked women from bondage, and we are planning for a more permanent base which is being built by EARE. EARE have now obtained a building which will house its many projects including trafficked women. JVC plan a visit to view and consider supporting this venture.

FINANCIAL REVIEW AND RESULTS FOR THE YEAR

The Statement of Financial Activities on page 8 is designed to reflect all incoming resources receivable and expenditure incurred during the year irrespective of when income is actually received and payments made. Total incoming resources for the year amounted to £439,194 (2022: £458,275). Total resources expended of £253,168 (2022: £346,936) resulted in a net surplus of resources for the year of £186,036 (2022: surplus of £111,339). There were balances on restricted funds at the year-end of £178,024 (2022: £121,126). The balance on unrestricted funds at the year-end was £1,375,401 (2022: £1,246,274) which includes £545,844 funds designated in the asset holding fund (2022: £561,125) and £1,342 funds designated in the JVC Hub Synergy (designated) fund (2022: £1,342). Unrestricted funds are free and represent the reserves available to the Trustees to help fulfil current and future plans. Breakdowns of the amounts recorded for incoming resources and resources expended are given in notes 3 and 4 to the accounts.

OUR SUPPORTERS

TeamJVC Community Trust acknowledges that without the strong ongoing commitment and support of many organisations without which it would not be possible to work effectively towards our vision. We want to thank all who fund the charity.

We particularly want to thank the many volunteers who freely give their time to help the organisation.

Page 4 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

RESERVES POLICY

The Trustees believe that the Organisation should hold financial reserves because:

The Trustees believe that the level of unrestricted reserves should be the equivalent of between 6 and preferably 12 months’ operating costs calculated and reviewed annually. Reserves should be built up to the desired level in stages consistent with the charity’s overall financial position and its need to maintain and develop its charitable activities.

The level of total unrestricted reserves (excluding designated reserves) stands at £835,340. With operating costs (all funds) currently amounting to approximately £253,000 per year, this would mean a target reserve balance of between £126,500 and £253,000. The Board of Trustees acknowledge that the level of reserves held exceeds the requirements of the reserve policy but will be designating surplus funds in the future to a specific building project (see under “future developments” below).

Details of the Organisation’s funds are shown in Note 11. An analysis of the Organisation’s net assets between the funds is given in Note 13. The Trustees consider that sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with any restriction imposed.

EMPLOYEES

The Organisation aims to be an employer for which employees enjoy working and where they feel supported and developed. Employees are kept fully informed about its strategy and objectives, as well as day to day news and events. Regular information about the organisation is available through meetings and e-mails. All employees are encouraged to give their views and suggestions on performance and strategy. The Organisation supports equal opportunity.

FUTURE DEVELOPMENTS

The Trustees are embarking on plans to redevelop part of the Charity’s site at Woodburn Road in Carrickfergus. These plans are in the development stage at the moment and no financial quantification can yet be made. Any spend will be met out of unrestricted reserves.

MEMBERS OF THE BOARD OF DIRECTORS/TRUSTEES

The following held office during the year:

Mr Lewis Smyth, Mrs Gwen Smyth, Mr Henry McCrory, Mr John Moore and Mr Alan Stewart

Principal Bankers:

Santander Ulster Bank Bootle 2 Farmley Road Merseyside Glengormley L30 4GB BT36 7QU

Independent Examiners:

Diamond & Skillen Chartered Accountants and Registered Auditor Sinclair House 89/101 Royal Avenue Belfast BT1 1FE

Diamond & Skillen were appointed as the charity’s independent examiners during the year.

These financial statements and this report have been prepared in accordance with the 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 Ireland (FRS102) (effective from 1st January 2015) and in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the Board of Trustees on 10th June 2023 and signed on its behalf by:

————————————

Lewis Smyth - Trustee 28th June 2023

Page 5 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

TEAMJVC COMMUNITY TRUST

Independent Examiners’ Report to the trustees of TeamJVC Community Trust

I report to the Trustees on my examination of the financial statements of TeamJVC Community Trust for the year ended 5th April 2023 which are set out on pages 3 to 17.

Respective responsibilities of trustees and examiner

As the trustees of the charity, you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. You consider that an audit is not required for this year under section 65(3) of the Charities Act (Northern Ireland) 2008 and have requested than an independent examiner's report be prepared.

I report in respect of my examination of the Trustees’ accounts carried out under Section 65 of the Charities Act (Northern Ireland) 2008 and in carrying out my examination I have followed all the applicable directions given by the Charities Commission for Northern Ireland. I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in Ireland. Having satisfied myself that the charity is not subject to audit under charity or company legislation and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland. An examination includes a review of the accounting records kept by the charity 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 undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the 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

The charity’s gross income in the year was £439,194 (2022: £458,275).

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

~~————————————~~ Nigel V Skillen FCA Diamond & Skillen Fellow of the Institute of Chartered Accountants in Ireland Sinclair House 89/101 Royal Avenue Belfast BT1 1FE

28th June 2023

Page 6 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

TEAMJVC COMMUNITY TRUST

Statement of Financial Activities

(incorporating Income and Expenditure Account) for the year ended 5th April 2023

Notes Totals
2022
£
Totals
2022
£
Restricted
funds
£
Unrestricted
Funds
£

Fund balances c/f at 5th April

Fund balances b/f at 6th April
Reconciliation of funds
Net movement in funds for the year
16

Gross transfers between funds
Transfers
5
Net income/(expenditure) for the year
Total expenditure
4.3

Depreciation of assets
4.3

Other expenses
4.3

Legal and professional fees
on other items
4.2

Programme costs
4.2

General administration costs
4.2

Premises costs
4.2

Employee costs (incl. pension costs)
on charitable activities
4.1

Promotional costs
on raising funds
Expenditure
Total revenue
3.4

Investment income
from investments
3.3

Other income
from other activities:
3.2

Business income, sponsorship and gift aid
from charitable activities:
3.1

Donations and grants
from voluntary income:
Revenue		 791
2,383
-
2,383
-
0
-
-
135,569
127,451
841
126,610
321,915
309,360
125,050
184,310
458,275
439,194
125,891
313,303
19,100
15,281
-
15,281
445
439
230
209
2,394
2,400
700
1,700
93,383
65,017
34,932
30,085
5,414
4,577
1,227
3,350
80,454
39,470
1,704
37,766
145,746
126,001
31,541
94,460
-
0
-
-
346,936
253,185
70,334
182,851
0
0
(5,783)
5,783
111,339
186,009
55,557
130,452
1,256,061
1,367,400
122,468
1,244,932
111,339
186,009
49,774
136,235
1,367,400
1,553,409
172,242
1,381,167

The statement of financial activities includes all gains and losses recognised in the year. All revenue and expenditure derives from continuing activities. The notes on pages 10 to 16 form part of these financial statements.

Page 7 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

TEAMJVC COMMUNITY TRUST

Statement of Financial Position

(Balance Sheet)

as at 5th April 2023

Notes 2022
£
2023
£
Total funds
11

JVC YCM
11

JVC Hub Synergy
11

Missions
11

Foodbank
Restricted income funds:
11

JVC Hub Synergy (designated)
11

Asset holding fund (designated)
11

General fund
Unrestricted income funds:
The funds of the charity
Net assets
Payables:amounts falling due after more than one year
TOTAL ASSETS LESS CURRENT LIABILITIES
Net current assets
10
Payables:amounts falling due within one year

Cash at bank and in hand
9

Receivables
Current Assets
8
Plant, property and equipment
Non Current Assets		 561,125
545,844
759,976
1,010,365
50,000
0
(3,701)
(2,800)
809,976
1,010,365
806,275
1,007,565
-
-
1,367,400
1,553,409
1,367,400
1,553,409
-
-
5,103
1,700
29,192
29,845
86,831
139,353
1,342
1,342
561,125
545,844
683,807
835,325
1,367,400
1,553,409

The notes on pages 10 to 16 form part of these financial statements.

The financial statements on pages 7 to 16 were approved by the Board of Trustees on 28th June 2023 and signed on their behalf by:

Lewis Smyth Trustee

Henry McCrory Trustee

Page 8 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

TEAMJVC COMMUNITY TRUST

Statement of Cash Flows

for the year ended 5th April 2023

Notes 2022
£
2023
£		 2022
£
2023
£
Net funds at 5th April 2023
Net funds at 6th April 2022
Increase in cash and cash equivalents in the year
Reconciliation of net cash flow to movement in net funds
Increase in cash and cash equivalents in the year
Capital expenditure
3
Cash flows from investing activities
14
Cash flows from operating activities		 (17,322)
-
791
2,383
84,699
248,006
17,322)
68,168
250,389
691,808
759,976
68,168
250,389
759,976
1,010,365

The notes on pages 10 to 16 form part of these financial statements.

Page 9 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

Notes forming part of the Financial Statements for the year ended 5th April 2023

TEAMJVC COMMUNITY TRUST

1. Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Basis of preparation

The financial statements are prepared in accordance with Accounting ad 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 from 1st January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006

TeamJVC Community Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2 Reconciliation with previously Generally Accepted Accounting Practice

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP (FRS 102) the restatement of comparative items was required. No restatements were required.

1.3 Preparation of the accounts on a going concern basis

The trustees are of the view that as the reserves of the charity are within the requirement of the charity’s reserves policy, the immediate future of the charity for the next 12 to 18 months is secure and on that basis the charity is a going concern.

1.5 Revenue

Items of income are recognised and included in the accounts when all of the following criteria are met:

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

Grants receivable

Grants receivable which relate to the year are credited to income within the Statement of Financial Activities, with unspent balances being carried forward to subsequent years within the relevant fund. Specific debts are recognised where approved grant expenditure exceeds grant income received to date. Grant income relating to future periods is carried forward under creditors.

1.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.7 Fund accounting

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 which have not been designated for other purposes. The fund comprises the accumulated surpluses and deficits of unrestricted income and expenditure.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of administering such funds are charges against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income and gains are allocated to the appropriate fund.

Page 10 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

TEAMJVC COMMUNITY TRUST

Notes forming part of the Financial Statements for the year ended 5th April 2023 (cont’d)

1. Accounting Policies (cont’d)

1.8 Expenditure and irrecoverable VAT

Expenditure is recognised once there is legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

1.9 Allocation of costs to funds

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

1.10 Non Current Assets

Non Current assets are stated at cost less accumulated depreciation. Expenditure is recognised as capital in nature for:

Depreciation is provided to write off the cost of fixed assets over their anticipated useful lives. Depreciation is provided at the following rates:

1.11 Receivables

Trade and other receivables are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

1.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.13 Payables and provisions

Payables and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Payables and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.14 Pensions

The amount charged to the Statement of Financial Activities represents the contributions payable by the charity during the year.

Page 11 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

TEAMJVC COMMUNITY TRUST

Notes forming part of the Financial Statements for the year ended 5th April 2023 (cont’d)

2. Legal status of the charity

The organisation is an unincorporated charity, registered with the Charity Commission for Northern Ireland (ref: NIC102852).

3 REVENUE

Totals
2022
£
Totals
2023
£
Restricted
funds
£
Unrestricted
Funds
£

Other
from investments:

Other income

Solar panels

Room hire

Rental income - utilities

Rental income

Proceeds from sale of fixed assets / equipment

Gift Aid tax refunded
from other activities:

Fundraising events

Special collections
from charitable activities:

Legacies
JVC Hub
-Other
JVC Hub
-Keep Northern Ireland Beautiful
JVC Hub
-Impact Network NI
JVC Hub
-Antrim & Newtownabbey BC
Foodbank -Poweron Tech Ltd
Foodbank -Mid & East Antrim BC
Foodbank -Churches / Schools
Foodbank -Groundwork Tesco
Foodbank -UP UK Investments
Foodbank -EP Ballylumford
Foodbank -National Lottery Community Fund
Foodbank -Trussell Trust Winter
Foodbank -Trussell Trust Tesco Top Up
Foodbank -Businesses / Online Giving Platforms

Grants

Recorded giving
from donations and legacies:		 791
2,383
-
2,383
-
3,230
-
3,230
6,220
6,214
-
6,214
415
1,190
-
1,190
12,219
11,660
-
11,660
76,159
66,771
-
66,771
-
0
-
-
40,556
37,545
-
37,545
-
0
-
-
-
0
-
-
-
-
0
-
-
1,500
841
841
-
594
0
-
-
5,000
0
-
-
18,904
18,021
18,021
-
1,400
0
-
-
1,792
0
-
-
2,592
2,358
2,358
-
1,000
1,000
1,000
-
-
3,000
3,000
-
1,000
2,000
2,000
-
29,878
28,782
28,782
-
-
5,000
5,000
-
3,504
4,264
4,264
-
11,500
1,890
1,890
-
243,251
243,045
58,735
184,310
458,275
439,194
125,891
313,303

Page 12 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

TEAMJVC COMMUNITY TRUST

Notes forming part of the Financial Statements for the year ended 5th April 2023 (cont’d)

4

EXPENDITURE

5 Totals
2022
£
Totals
2023
£
Restricted
funds
£
Unrestricted
Funds
£

Depreciation
on depreciation of non current assets:

Bank charges
Other expenses:

Independent Examiner fees
Legal and professional fees:
on other items:

PPE / sanitising expenses

Church events and sundry costs

Worship resources

Outreach work / Local projects

Charitable distributions
Programme costs:

Telephone

Internet & Computer costs

Stationery

Printing
General administration costs:

Cleaning materials

Repairs and maintenance

Heat and light

Insurance

Rates and Water Rates
Premises and insurance costs:

Employer pension contributions

Employer National Insurance

Minister & Volunteer expenses

Wages and salaries
Employee costs:
on charitable activities:

Promotional expenses
on raising funds:
Net incoming resources		 19,100
15,281
-
15,281
439
438
230
208
2,400
2,400
700
1,700
-
0
-
-
16,829
2,839
1,034
1,805
3,771
6,799
-
6,799
39,140
28,748
10,498
18,250
33,640
26,631
23,400
3,231
1,514
1,370
670
700
3,260
2,947
297
2,650
192
170
170
-
449
90
90
-
997
1,007
-
1,007
42,128
5,604
378
5,226
26,055
22,695
779
21,916
8,057
7,827
345
7,482
3,217
2,338
202
2,136
5,354
4,461
-
4,461
1,917
126
1,573
(1,447)
55,059
44,160
2,394
41,766
83,418
77,254
27,574
49,680
-
0
-
-
346,936
253,185
70,334
182,851
Totals
2022
£
Totals
2023
£
Restricted
funds
£
Unrestricted
Funds
£
-
0
-
-
Other fees
2,400
2,400
700
1,700
Independent Examination fee
19,100
15,281
-
15,281
Depreciation of non current assets
Net incoming resources are stated after charging:

Page 13 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

TEAMJVC COMMUNITY TRUST

Notes forming part of the Financial Statements for the year ended 5th April 2023 (cont’d)

6.1 Salaries and pensions

Totals
2022
£
Totals
2023
£
Restricted
funds
£
Unrestricted
Funds
£
Pension contributions
Staff benefits and expenses
Employer National Insurance Contributions
Wages cost (excl Employer NIC)		 5,354
4,461
-
4,461
55,058
44,160
2,394
41,766
1,917
126
1,573
(1,447)
83,418
77,254
27,574
49,680
145,747
126,001
31,541
94,460

The average number of persons, including part-time staff, employed on UK contracts was 5 (2022: 5) No employee was paid more than £60,000 in the year (2022: none)

6.2 Trustee remuneration and Related Party Transactions

No trustee received any remuneration as a result of their Trusteeship of the Charity.

Two Trustees were employed by the Charity and received reimbursement of out-of-pocket expenses during the year (2022: 2). The details are as follows:

During the year the following other transactions were made with trustees:

No other trustee had any personal interest in any contract or transaction entered into by the charity during the year (2022 - Nil).

Some other persons connected to the charity had personal interest in contracts or transactions entered into by the charity during the year. Full details of these related party transactions are given in note 17.

7 Pension costs

The company operated defined contribution schemes in respect of its staff. The schemes and their assets are held by independent managers. The pension charge represents contributions due from the charity and amounted to £4,461 (2022: £5,354)

8 Non current assets

Totals
2022
£
Totals
2023
£
Equipment
£
Fixtures
& fittings
£
Plant &
Machinery
£
Freehold
land &
buildings
£
At 5th April 2022
At 5th April 2023
Net book value:
At 5th April 2023
Charge for year
At 6th April 2022
Accumulated depreciation:
At 5th April 2023
Additions
At 6th April 2022
Cost:		 150,692
0
-
-
-
-
464,799
632,813
41,263
64,741
42,088
484,721
615,491
632,813
41,263
64,741
42,088
484,721
19,296
15,281
3,352
6,882
5,047
-
33,292
71,688
24,501
30,333
16,854
-
52,588
86,969
27,853
37,215
21,901
0
562,903
545,844
13,410
27,526
20,187
484,721
431,507
561,125
16,762
34,408
25,234
484,721

Page 14 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

TEAMJVC COMMUNITY TRUST

Notes forming part of the Financial Statements for the year ended 5th April 2023 (cont’d)

9 Receivables
Totals
2022
£
Totals
2023
£
Debtors ledger control account -
-

Loan to Trustee
Prepayments and Other Debtors:		 50,000
-
50,000
0
10
11		 Payables: amounts falling due within one year Payables: amounts falling due within one year
Totals
2022
£
Totals
2023
£

HMRC - PAYE due

Accruals
Accruals and Other Creditors:
Creditors ledger control account
Analysis of charitable funds		 1,301
400
2,400
2,400
-
-
3,701
2,800
At 5 Apr
2023
£
Transfers
£
Investment
Gains
£
Expenditure
£
Income
£
At 6 Apr
2022
£
Total funds
Total restricted

JVC Hub Synergy

Missions

Foodbank
Total unrestricted

JVC YCM(designated)

Asset holding fund

General fund		 1,342
-
-
-
-
1,342
545,844
-
-
(15,281)
-
561,125
835,325
5,784
2,383
(167,570)
310,920
683,808
1,382,511
5,784
2,383
(182,850)
310,920
1,246,274
1,700
(226)
-
(22,039)
18,862
5,103
29,845
600
-
(23,454)
23,507
29,192
139,353
(6,158)
-
(24,842)
83,522
86,831
170,898
(5,784)
0
(70,335)
125,891
121,126
1,553,409
0
2,383
(253,185)
436,811
1,367,400

UNRESTRICTED FUNDS

Page 15 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE

TEAMJVC COMMUNITY TRUST

Notes forming part of the Financial Statements for the year ended 5th April 2023 (cont’d)

12 Financial Commitments

At 31st March 2023 the charity has no commitments under non-cancellable leases nor any other financial commitments that are not recognised in the accounts (2022: £nil). Team JVC Community Trust has entered into a number of long term contracts for the supply of services all of which are cancellable.

13 Analysis of charity net assets between funds

Totals
2022
£
Totals
2023
£
Restricted
funds
£
Unrestricted
funds
£
Net Assets
Payables:amounts falling due after more than one year
Payables:amounts falling due within one year
Current assets
Non Current assets		 -
0
-
-
(3,701)
(2,800)
(700)
(2,100)
809,976
1,010,365
171,598
838,767
561,125
545,844
-
545,844
1,367,400
1,553,409
170,898
1,382,511

14 Reconciliation of net movement in funds to net cash flow from operating activities


2022
£
2023
£
Net cash inflow / (outflow) from operating activities
(Decrease) / increase in creditors
Decrease / (increase) in debtors
Deduct investment income shown in investing activities (note 3)
Net incoming resources before depreciation		 1,201
(901)
(46,150)
50,000
(791)
(2,383)
130,439
201,290
84,699
248,006

16 Transfers between funds

17 Related Party Transactions

In addition to the transactions with trustees as detailed in note 6.2, the following transactions or groups of transactions were carried out with related parties (as defined by the Charities SORP (FRS102):

18 Disclosure of relevant circumstances

In common with many other charities of our size and nature we use our independent examiners to:

19 Events after the end of the Reporting Period

There have been no significant events affecting the charity since the financial year-end.

Page 16 of 16

Chartered Accountants and Registered Auditor Sinclair House, 89/101 Royal Avenue Belfast BT1 1FE