Charity Registration No. 103257 Company Reg5stratlon No. N1042845 (Northern Irelandl IMPACT NETWORK (in Communities) Nl ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 IMPACT NETWORK (in Communities) Nl LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr S Bell Mr D Richardson Mr M Warwick Mr D McAuley Mr R Williamson Mr J Greer Mrs J Mccaughey Mr R Taylor Sacratary Mr D Richardson Charity number 103257 Company number N1042845 Registered office Unlt 6-7 Arches House 3840 Main Street Randalstown Co Antrim 8T413AB Audbtor Stephen Vthite Accounting and Taxation la Main Street Ballymoney BT53 6AN IMPACT NETWORK (in Communities) Nl CONTENTS Page Trustee report Statement of Trustee responsibilities Independent auditorfs report Financial Acts-vitles Accountants Certificate 10 IMPACT NETWORK (in Communities) Nl TRUSTEE REPORT (INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their report and accounts for the year ended 31 March 2023. Registered Name of Charity: Impact Neiwork in Communities Nl Charity Number.. 103257 Registered Office: Unit 6-7 Arches House, 3840 Main Street, Randalstown. Co Antrim, BT413AB Chalrpersons Remarks In our 2151 Year Impact Nelwork Nl continues to provide a distinct and much needed sepiice working in the community for the community. Our Annual Report once again shows the extensive work that our staff t•￿IesSlY go above and beyond to ensure thal ihe community reaches it5 full potential and gains the most from all the programmes we provide. Impact Network Nl remains committed to the key principles of community development. We have vision of vibrant, articulate, inclusive and sustainable communities acr055 Northern Ireland contributing to a prosperous, equitable, peaceful, and stable society. As a netrwork, we continue to build relationships with councils and our statutory partners to ensure that the needs of local communitie5 remain to the forefiont of the communty planning agenda, and the Peace Plus Partnership to ensure that Impact Nelwork Nl will be there to meet and support those need5. We would like to acknowledge the sUPPOrt of our funders who have supported the organi5ation to grow and develop our work. We would also like to thank all our partners, collaborator5 and supporters from across the United Kingdom and the Republic of Ireland for their cohesion and friendship as we have sought to share lessons from our work and learn lessons from theirs. A final Word of thanks must go to our member groups who we have senied. Their daily work in communities across Northern Ireland at the coalface of tackling poverty, loneliness, providing community space to meet, providing childcare and youth serdices is inspiring and 18 the glue that binds many communities together. As Chalmian and on behalf of the Board of Directors and communities we serve, I commend the work of Impact Network Nl which is an invaluable source of support to local communities. We continue to witness an ever-growing demand and increase in our capacity. I would like to thank my fellow Board members for their support to me as Chairperson and for their ongoing commitment to the work of Impact Network Nl. On behalf of the Board. I would like to extend my appreciation to the staff members, who have continued to show an adaptable and professional approach to their work with a humble and steadfast approach to continue to do their best in the community is commendable. Impact Netrwork Nl will continue to develop and offer leadership; it has proven it is well placed to deliver much needed support and guidance for a wide variety of community groups. l am delighted that they will continue to benefit from the expertise, partnership working and representation that Impact Network Nl can and has offered. Sarn B81 Chairperson IMPACT NETWORK (in Communities) Nl TRUSTEE REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AND ACTIVITIES Objectlves and Alms Impact Network Nl meet community needs by determining and responding to key issues impacting on communities including health and wellbeing, suicide prevention, community development support, community transformation. peace and reconciliation programmes and inter-estate programmes are just a brief synopsis of the variety and reach the staff and organisation deliver on a daily basis. Since 2002. the Network has been recognised a5 the key community membership based organisation to drive forward community initiatives uslng a community development approach that engages and represents effectively across the sector. Impact Netsvork Nl has 350+ member groups and a management committee of 8 Directors. Impact Network Nl believes that effective responses to the issues are best achieved through working in partnership with all relevant community, voluntary. statutory and academic organisations and bodie5. The trustees do not expect the activltles to Change significantly during the incoming year. Publlc 8enefft Impact Network (in Commtsnitias) NI LTO meet and comply with all requlremenls of the Charities Act 2008 and have due regard to the public benefit guidance published by the Charity Commisslon for Northern Ireland. Flnanclal revlew The main source of funding throughout the year was from grants. In calculating the required level of reserves the Gharity takes into account the risks of income and expenditure, the trustees believe it is beneficial to hold an amount in unrestricted funds to cover funning costs for a peri¢)d of nine months to enable the company to continue at its current level of activity. Reservas policy The trustees consider the Reserve Policy an important part of the internal financlal management. It assists with strategic planning when reviewing new or potential projectslactivitie5., inform5 the budget process and enables planning for a balanced budget or use of reserves: and it informs the budget and risk management process by identifying any uncertainty in future income streams. Reserves are reviewed in detail annually but also monitored throughout th8 year to assess any build up of reserves or unexpected depleticn of these. Operational ReseThes are required to allow the organisation to continue to deliver its charitsble objectives and seek altemative funding sources, should existing annual funding be restricted and to provide assurance against a risk of an unforeseen emergency or other unexpected need for funds. In addition. Operational ReseNes provide the organisation with the ability to react to short term opportunities. In quantifying the level of Operational Reserve5 required, the level of net current assets and liabilities are compared to the average monthly expenditure. The risks associated with future income. grants and expenditure are also considered. As a result, the Trustees have determined in their last review that 9 months of the annual ￿currIng expenditure are required as Operational Reserves. IMPACT NETWORK (in Communities) Nl TRUSTEE REPORT (INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2023 Investment Pollcy and Objectives Under the Memorandum and Articles of Association, the charity has the power to invest in any way the tru5tee5 wish. Rlsk The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are ID place to mitigate exposure to the major risks. Structure. governance and management The charity constitutes a limited company. Ilmited by guarantee, as defined by the Companies Act 2006. It 15 controlled by ivs governing document. The trustees, who are also the directors for the purpose of company Iww, and who served during the year and up to the date of signature of the financial statement5 were: Mr S Bell Mr D Richardson Mr M Wafwick Mr D McAuley Mr R Willamson Mr J Greer Mrs J Mccaughey Mr R Taylor R•crultm•nt and appolntment of new trustees Impact Netsvork (in Communities) Nl openly invite all community members to put themselves fopward for nomination ol election to the charity. When a position becomes available the board of Trustees then undertake a skills audit of nominations and invite all potential trustees to meet the board before a decision of recruitment and appointment is made. Organl8atlonal Structure The board of trustees administers the charlty. The board meets monthly, there are sub committees covering fund-raising, strategy and finance which meet regularly. A manager is appointed by the trustees to manage the daily operations of the charity. To facilitate effective operations, the manager has delegated authority, within the terms of delegation approved by the trustees, for operational malters. Inductlon and tralnlng of new trustees New Trustees undergo orientation to brief them on their legal obligations under charity law, the content of the Trust Deed, decision making processes, the business plan and the recent financial performance of the charity. During induction. they meet key members of staff and other Trustees. Trustee5 are encouraged to attend appropriate training events where these will facilitate the undertaking of their role. Related Partles There are no related parties within the charty. S Bell Impact Network Nl Ltd Unit 6-7 Arches House 38-40 Main Street Randalstown County Antrim BT413AB N1042845 Charity Number 103257 Financial Accounts for the Year Ended: 31st March 2023 Prepared by Stephen White M.I.A.T.I Impact Networks Nl Ltd Contents Pa Legal and Administrative Information Statement of Trustees responsibilities Financial Accounts 34 Accountants Certificate Impact Network Nl Ltd Le al and Administrative Information Chalrman Sam Bell Secretary D Richardson Trustees S Bell D Rlchardson M Warwick D McAuley 8 Mallon J Greer J Mccaughey R Taylor Re8lstered Offlce Unit 6-7 Arches House 38-40 Maln Street Randa15town Co Antrlm BT413AB Accountant Stephen Whlte Accounting and Taxation la Main Street Ballymoney BT53 6AN Impart Network Nl Ltd STATEMENT OF TRUSTEES RESPONSIBILrnES FOR THE YEAR ENDED 31" MARCH 2023 The trustees, who are also the dlrectors of Impact Network Nl for the purpose of company law, are responslble for preparlng the Trustee Report and engaglng Accountsnts to complete the flnandal statements in accordance wlth appllcable law and Unlted Klngdom Accountln8 Stsndards. Company Law requlres the trustees to prepare financlal statements for each flnanclal year whlch glve a true and falr vlew of the stste of affalrs of the charlty and of the Incomlng resources and appllcatlon of resources, Includlng the Income and expendlture, of the charftsble company for that Year. The trustees are responslble for keeplng and provldln8 the Accountant wlth adequate records that dlsclose wfth reasonable accuracy at any tlme the flnanclal posltlon of the charlty and enable them to ensure that the flnanclal ststsments comply wfth the Companles Art 2006. They are also responslble for safeguardlng the assets of the charlty and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irre8ularftles. IMPACT NETWORK NI RECEIPTS & PAYMENTS ACCOUNT FOR YEAR ENDED 31st MARCH 2023 RECEIPTS PHA BIG LOThERY ARTS COUNCIL DOJ CYBERSPACE NHSCT DEPT OF FOREIGN AFFAIRS COMMUNITY FUND NI (SENIORS) ANBC CO OPERATION IRELAND UTOPIAN DIGITAL LEARNING ACCESS NI SPERRIN NIHE CLANMIL HOUSING NORTH AREA MISC INCOME INTEREST RECEIVED £ 275,561.00 £ 10,000.00 6,327.90 4,000.00 4,980.00 £ 23,614.34 £ 4,050.00 £ 48,0(X).00 9,(KlO.00 600.00 2,294.00 600.00 £ 5,599.00 5,000. 150.00 937.80 37.36 £ 400,751.40 PAYMENTS PROGRAMME COSTS WAGES & RELATED EXPENSES RUNNING COSTS PREMISES COSTS TRAVEL & SUBSISTENCE PROFESSIONAL & CONSULTANCY FEES BANK CHARGES & INT DEPRECIATION W/OFF TRAINING COSTS ACCESS NI £ 138,380.S8 £ 150,466.07 £ 9,468.63 £ 12,684.30 £ 4,833.14 £ 8,142.92 256.15 545.00 8,B35.00 £ 2,602.00 £ 336,213.79 SURPLUS FOR YEAR 64,537.61 IMPAcf NETWORK NI STATEMENT OF ASSETS & LIA81UTIES AS AT 31st MARCH 2023 FIXED ASSErs PREMISES @ 45 MAIN STREET RANDALSTOWN £ 125,OlX).00 LEASEHOLD IMPROVEMENTS AT 31103/2022 3,395.00 LESS DEPRECIAnoN W/OFF 262.00 £ 3.133.00 FIXTURES, FirriNGS & EQUIPMENT AT 31103122 2,835.00 LESS DEPRECIATION W/OFF 283.00 £ 2,552.00 £ 130,685.00 CURRENT ASSErs DANSKE BANK £ 136,317.65 NET ASSErs £ 267,002.65 CAPITAL & RESERVES REVALUATION RESERVE £ 202,465.04 RECEIPTS & PAYMENTS ACCOUNT £ 64,537.61 £ 267,(N)2.65 Impact Nehvork NI Ltd Unit 6-7 Arches House 3840 Main Street Randalstown Co Antrim BT413AB N1042845 Charity Num 103237 Accountants Certificate In accordance with the instructions 8iven to me. I have prepared the attached Financial Accounts from the books and records of the charity and from the information and explanations supplied to me by its Trustees. I hereby certify that they are in accordance therewith. Stephen White M.l.A.T.I l A Main Street Ballymoney BT53 6AN