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2024-04-05-accounts

Charity Commission for NI Registration number: NIC102852

TEAMJVC COMMUNITY TRUST

Financial Statements

for the year ended 5th April 2024

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 - 6
Independent Examiner’s Report 7
Statement of Financial Activities 8
Statement of Financial Position (Balance Sheet) 9
Statement of Cash Flows 10
Notes to the Financial Statements 11 - 17

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 2024

The Board of Trustees submits its report together with the financial statements for the year ended 5th April 2024.

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:

OBJECTS, OBJECTIVES AND PRINCIPAL ACTIVITIES OF THE CHARITY

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

Page 1 of 17

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

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

This year saw the establishment of an Eldership team to assist in caring for its partners. We have met regularly throughout 2023/24 which included teaching, team participation encouragement, fellowship, prayer, emotional and practical support wherever needed.

Relief of poverty Carrickfergus Foodbank

OVERVIEW

Throughout the year ending 5[th] April 2024 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 cost-of-living crisis in the UK has continued to have a significant impact on the foodbank service with a continual demand for its service.

CARRICKFERGUS FOODBANK REFERRAL ORGANISATIONS

The foodbank has 72 referral agencies ranging from local government, faith based, community, charity, mental health, disability, policing probation, educational.

VOLUNTEERS

There are 22 Regular volunteers. Extra volunteers also helped at a 1-day Tesco collection in June and a 3-day food collection in November/December.

FOOD DONATED AND DISTRIBUTED: (comparative figures in brackets) Total Food Donated - 32.1363 tonnes (38.94547 tonnes) Total Food Distributed - 31.0983 tonnes (32.40362 tonnes)

Distribution through the following areas:

Voucher/code referral Voucher/code referral Voucher/code referral Voucher/code referral
Number Total No Fed No of Adults No of Children
622(814) 2,696(2,034) 1,454(1,387) 1,242(647)

279 Christmas hampers supplied to families in need.

80-90 Young people supported through YMCA Health hub various projects.

65 CAP Clients supported regularly.

120 Families in Greenisland community supported via CAP.

250 Flourish NI clients supported with some food and toiletry donations

Other organisations supported: 20 (21)

Foodbanks Foodbanks Schools Schools Other organisations Other organisations Churches Churches
kg kg kg kg
Antrim 1067.93 Acorn Integrated PS 144.10 BabyBank 96.50 Carrickfergus Elim 57.5
Ballymena 151.40 BallycarryPS 14.90 Carrick Manor 10.10
Ballymoney 302.70 Carrick Academy 206.10 CAP 1318.40
Enniskillen 19.70 Carrick Central PS 158.70 Flourish NI 1264.90
SW Belfast 855.50 Fairview Ballyclare 32.20 Horizon 54.70
Rutledge College 16.40 Prison Fellowship 357.30
Sunnylands PS 91.91 Carrick YMCA 330.00

Page 2 of 17

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

Food Donations: (comparative figures in brackets)

Supermarkets / shops Supermarkets / shops Education Education Other corporate /
community / individual /
charity		 Other corporate /
community / individual /
charity		 Churches Churches
kg kg kg kg
Tesco Carrickfergus 17933.95 Greenisland PS 292.81 Private individuals 707.20 Joymount Presbyterian 1006.70
Hendersons 6575.14 Woodburn PS 212.00 USPCA 237.10 Mount St Nicholas 321.30
Sainsbury’s Carrickfergus 3832.40 Oakfield PS 190.50 Connswater housing 114.40 Carrick Vineyard 281.80
Eurospar Victoria 209.80 Acorn Integrated PS 165.60 Slimmingworld 80.20 St Nicholas’ CoI 270.00
Eurospar Milestone 143.60 Rutledge College 91.40 Carrick Rangers FC 59.00 St Colman’s CoI 244.00
Eurospar Bridewell 91.90 Carrickfergus Central PS 73.80 Cadburys 55.03 HolyTrinityCoI 155.00
Eurospar Fortfield 28.10 Carrickfergus Model PS 29.40 One Irish Gate 51.70 Christ Church 140.00
4th Carrick Scouts 36.10 Woodburn Presbyterian 108.70
Samaritans Purse 30.70 Carrick CommunityChurch 108.60
North St First Presbyterian 68.30
Carrick Elim 59.40
Loughmourne Presbyterian 34.70
St John’s Ballycarry 19.10

MONETARY DONATIONS RECEIVED

Total Income received: £99,456

Monetary donations were received through the following areas :

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

  2. Online giving platforms - Golden Giving, Peoples Fundraising and Benevity.

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

  4. 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 4654.44 St Nicholas’ CoI 1057.50 2000.00
C&S Computer 570.00 Trussell Tesco TopUp 1521.37 Carrickfergus Model PS 646.00 1495.00
Trussell Trust Grant 30000.00 1100.00
Lotteries Main Grant 9206.00 2000.00
Lotteries Main Grant 9206.00 2000.00
EP Ballylumford 5000.00 2020.00
4000.00
500.00
1000.00
2400.00
2744.00
2000.00
1000.00
2000.00
510.00

EXPENDITURE BY THE FOODBANK

Total Expenditure: £60,571

The main areas of expenditure were wages, purchasing specified items referencethe 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 which were given to clients to help purchase fresh food items.

PRESENT AND FUTURE PLANS

With the work already started on the new storage and client facing area we hope to be relocating to this space in April 2024/April 2025.

Team JVC Hub

Team JVC Hub
2024 2023
Volunteers withinproject 17 18
Number of voluntary groups supported 14 17
Number of communityrelationprojects supported 2 3
Number ofpeople usingcommunityfacilities 75 77
Number of communitysafetyinitiatives implemented 2 1
Number of health education/awareness initiatives implemented 5 -

Page 3 of 17

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

Outings / Events Organised

Crafts

The craft group gathered together weekly to provide the following for specified needs.

Courses provided / attended

Winter Wonderland Craft Fair 2023

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. All proceeds from the day were collected from the sale of tables and coffee shop items and donated to India which amounted to £1824.61.

Russian Outreach 2023

We have continued sending support at this difficult time due to the ongoing war. The safe route we discovered last year remains open and useful to send salaries and provide financial support for staff at the “Light of Hope”. The Light of Hope team continues to run the back to school and celebrating families’ program. The main work remains the same, serving Immigrants arriving at Cherepovets Russia and assisting them by providing the “involved citizens” program in their communities.

Community Citizenship Development

Outreach development classes include learning to read and write in the Russian language. The Youth Camp program is a yearly event supported by iCare Ministries and Teamjvc Community Trust, local businesses and community remain supportive financially and on a voluntary basis.

Page 4 of 17

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

India Outreach

JVC partners provided £30,000 to build a centre for the ladies rescued from the red-light districts where they can receive medical care, employment retraining and a position and new living quarters. We also provided finances for the following.

£2200 for installation of four water wells

£3850 for the release and care of seven ladies who had been trafficked into prostitution.

£300 Mercy ministry

£1200 conference for 300 Pastors

£1200 to supply mosquito nets

£3000 toward cataract surgery

Fund raising continues for India projects and our aim is provide in 2025:

A Church building for the Dalith Colony at Yajali A kitchen for an old people’s home at Tripurantakam Repairs to old people’s home at Tippalakatta

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 £497,743 (2023: £439,194). Total resources expended of £385,972 (2023: £253,185) resulted in a net surplus of resources for the year of £111,771 (2023: surplus of £186,009). There were balances on restricted funds at the year-end of £205,993 (2023: £170,899). The balance on unrestricted funds at the year-end was £1,459,189 (2023: £1,382,512) which includes £533,620 funds designated in the asset holding fund (2023: £545,844) and £1,342 funds designated in the JVC Hub Synergy (designated) fund (2023: £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.

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 £924,228. With operating costs (all funds) currently amounting to approximately £385,000 per year, this would mean a target reserve balance of between £192,500 and £385,000. 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.

Page 5 of 17

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

FUTURE DEVELOPMENTS

The Trustees have started the work for the new foodbank at the Charity’s site at Woodburn Road in Carrickfergus. This work should be completed by September 2024 at an estimated cost of £100,000 Any spend will be met out of foodbank restricted reserves. We have agreed the site with solicitors for a property in Carrickfergus which we intend to build suitable accommodation for those in crisis, such as trafficking, abuse. We our awaiting the documents for signatures.

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 31st July 2024 and signed on its behalf by:

———————————— Lewis Smyth - Trustee 18th August 2024

Page 6 of 17

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 2024 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 £497,743 (2023: £439,194).

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 18th August 2024

Page 7 of 17

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 2024

Notes Totals
2023
£
Totals
2024
£
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		 2,383
5,613
-
5,613
-
0
-
-
127,451
142,451
-
142,451
309,360
349,679
163,462
186,217
439,194
497,743
163,462
334,281
15,281
12,225
-
12,225
439
525
332
193
2,400
3,265
1,565
1,700
65,017
103,375
56,767
46,608
4,577
6,446
1,152
5,294
39,470
132,358
40,556
91,802
126,001
127,777
27,996
99,781
-
0
-
-
253,185
385,972
128,368
257,604
0
0
-
-
186,009
111,771
35,094
76,677
1,367,400
1,553,411
170,899
1,382,512
186,009
111,771
35,094
76,677
1,553,409
1,665,182
205,993
1,459,189

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 8 of 17

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 2024

Notes 2023
£
2024
£
Total funds
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		 545,844
533,620
1,010,365
1,133,966
0
0
(2,800)
(2,404)
1,010,365
1,133,966
1,007,565
1,131,562
-
-
1,553,409
1,665,182
1,553,409
1,665,182
1,700
3,360
29,845
24,395
139,353
178,237
1,342
1,342
545,844
533,620
835,325
924,228
1,553,409
1,665,182

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 18th August 2024 and signed on their behalf by:

Lewis Smyth Trustee

Henry McCrory Trustee

Page 9 of 17

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 2024

Notes 2023
£
2024
£
Net funds at 5th April 2024
Net funds at 6th April 2023
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		 -
-
2,383
5,613
248,006
117,988
250,389
123,601
759,976
1,010,365
250,389
123,601
1,010,365
1,133,966

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

Page 10 of 17

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 2024

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 11 of 17

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 2024 (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 12 of 17

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 2024 (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
2023
£
Totals
2024
£
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
-NI Housing Executive
JVC Hub
-Kings Coronation Fund
JVC Hub
-Antrim & Newtownabbey BC
Foodbank -Churches / Schools
Foodbank -Groundwork Tesco
Foodbank -UP UK Investments
Foodbank -EP Ballylumford
Foodbank -National Lottery Community Fund
Foodbank -Trussell Trust
Foodbank -Trussell Trust Tesco Top Up
Foodbank -Businesses / Online Giving Platforms

Grants

Recorded giving
from donations and legacies:		 2,383
5,613
-
5,613
3,230
250
-
250
6,214
9,907
-
9,907
1,190
1,100
-
1,100
11,660
20,611
-
20,611
66,771
75,348
-
75,348
-
0
-
-
37,545
35,235
-
35,235
-
0
-
-
-
0
-
-
-
-
0
-
-
841
0
-
-
-
0
-
-
-
5,000
5,000
-
-
1,000
1,000
-
18,021
21,311
21,311
-
2,358
0
-
-
1,000
0
-
-
3,000
0
-
-
2,000
0
-
-
28,782
18,412
18,412
-
5,000
1,521
1,521
-
4,264
4,654
4,654
-
1,890
0
-
-
243,045
297,781
111,564
186,217
439,194
497,743
163,462
334,281

Page 13 of 17

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 2024 (cont’d)

4

EXPENDITURE

5 Totals
2023
£
Totals
2024
£
Restricted
funds
£
Unrestricted
Funds
£

Depreciation
on depreciation of non current assets:

Bank charges
Other expenses:

Other fees

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

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		 15,281
12,225
-
12,225
438
525
332
193
-
865
865
-
2,400
2,400
700
1,700
2,839
11,028
85
10,943
6,799
3,117
-
3,117
28,748
57,766
52,182
5,584
26,631
31,464
4,500
26,964
1,370
681
681
-
2,947
5,765
471
5,294
170
0
-
-
90
0
-
-
1,007
1,650
-
1,650
5,604
92,345
39,085
53,260
22,695
26,543
728
25,815
7,827
8,474
500
7,974
2,338
3,346
243
3,103
4,461
6,338
-
6,338
126
752
1,313
(561)
44,160
36,803
363
36,440
77,254
83,885
26,320
57,565
-
0
-
-
253,185
385,972
128,368
257,604
Totals
2023
£
Totals
2024
£
Restricted
funds
£
Unrestricted
Funds
£
-
865
865
-
Other fees
2,400
2,400
700
1,700
Independent Examination fee
15,281
12,225
-
12,225
Depreciation of non current assets
Net incoming resources are stated after charging:
Unrestricted Restricted Totals Totals
Funds funds 2024 2023
£ £ £ £
Net incoming resources are stated after charging:
Depreciation of non current assets 12,225 - 12,225 15,281
Independent Examination fee 1,700 700 2,400 2,400
Other fees - 865 865 -

Page 14 of 17

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 2024 (cont’d)

6.1 Salaries and pensions

Totals
2023
£
Totals
2024
£
Restricted
funds
£
Unrestricted
Funds
£
Pension contributions
Staff benefits and expenses
Employer National Insurance Contributions
Wages cost (excl Employer NIC)		 4,461
6,338
-
6,338
44,160
36,803
363
36,440
126
752
1,313
(561)
77,254
83,885
26,320
57,565
126,001
127,778
27,996
99,782

The average number of persons, including part-time staff, employed on UK contracts was 5 (2023: 5) No employee was paid more than £60,000 in the year (2023: 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 (2023: 2). The details are as follows:

 Mr Lewis Smyth - Employed as Minister of the Congregation - Salary £21,632 - Expenses £36,000

 Mrs Gwen Smyth - Employed as Administrator - Salary £24,314 - Expenses £nil

No other trustee had any personal interest in any contract or transaction entered into by the charity during the year (2023 - 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 £6,338 (2023: £4,461)

8

Non current assets

Totals
2023
£
Totals
2024
£
Equipment
£
Fixtures
& fittings
£
Plant &
Machinery
£
Freehold
land &
buildings
£
At 5th April 2023
At 5th April 2024
Net book value:
At 5th April 2024
Charge for year
At 6th April 2023
Accumulated depreciation:
At 5th April 2024
Additions
At 6th April 2023
Cost:		 -
0
-
-
-
-
632,813
632,813
41,263
64,741
42,088
484,721
632,813
632,813
41,263
64,741
42,088
484,721
15,281
12,225
2,682
5,505
4,038
-
71,688
86,969
27,853
37,215
21,901
-
86,969
99,194
30,535
42,720
25,939
0
545,844
533,620
10,728
22,021
16,150
484,721
561,125
545,844
13,410
27,526
20,187
484,721

Page 15 of 17

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

9

TEAMJVC COMMUNITY TRUST

Notes forming part of the Financial Statements for the year ended 5th April 2024 (cont’d)

Receivables

Totals
2023
£
Totals
2024
£
Debtors ledger control account -
-

Sundry
Prepayments and Other Debtors:		 -
-
0
0
10 Payables: amounts falling due within one year
Totals
2023
£
Totals
2024
£

Sundry creditors

Accruals
Accruals and Other Creditors:
Creditors ledger control account		 400
4
2,400
2,400
-
-
2,800
2,404

11 Analysis of charitable funds

At 5 Apr
2024
£
Transfers
£
Investment
Gains
£
Expenditure
£
Income
£
At 6 Apr
2023
£
Total funds
Total restricted

JVC Hub Synergy

Missions

Foodbank
Total unrestricted

JVC YCM(designated)

Asset holding fund

General fund		 1,342
-
-
-
-
1,342
533,620
-
-
(12,225)
-
545,844
924,228
-
5,613
(245,379)
328,669
835,325
1,459,189
0
5,613
(257,604)
328,669
1,382,511
3,360
-
-
(25,651)
27,311
1,700
24,396
-
-
(42,146)
36,697
29,845
178,237
-
-
(60,571)
99,456
139,353
205,993
0
0
(128,368)
163,464
170,898
1,665,182
0
5,613
(385,972)
492,133
1,553,409

UNRESTRICTED FUNDS

Page 16 of 17

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 2024 (cont’d)

12 Financial Commitments

At 31st March 2024 the charity has no commitments under non-cancellable leases nor any other financial commitments that are not recognised in the accounts (2023: £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
2023
£
Totals
2024
£
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
-
-
(2,800)
(2,404)
(700)
(1,704)
1,010,365
1,133,966
206,693
927,273
545,844
533,620
-
533,620
1,553,409
1,665,182
205,993
1,459,189

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


2023
£
2024
£
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		 (901)
(397)
50,000
-
(2,383)
(5,613)
201,290
123,998
248,006
117,988

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 17 of 17

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