Charlty Reglstratlon No. 103257 Company Registration No. N10428451Northern Ireland) 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 William50n Mr J Greer Mrs J Mccaughey Mr R Taylor Secretary Mr D Richardson Charlty number 103257 Company number N1042845 Reglstered offlce Unit 6-7 Arches House 3840 Main Street Randalstown Co Antrim BT413AB Audltor Stephen White Accounting and Taxation la Main Street Ballymoney BT53 6AN IMPACT NETWORK (in Communities) Nl CONTENTS Page Trustee report Statement of Trustee responsibilities Independent audito¢s report Financial Activities 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 Network in Communities Nl Charity Number. 103257 Registered Office.. Unlt 6-7 Arches House. 3840 Main Street, Randalstown, Co Antrim, BT413AB Chalrpersons Remarks In our 21th Year Impact Network Nl continues to provlde a distinct and much needed service working in the community for the community. Our Annual Report once a9ain shows the extensive work that our staff tirelessly go above and beyond to ensure that the community reaches its full potential and gains the most from all the programmes we provide. Impact Network Nl remalns committed to the key principles of community development. We have vision of vibrant. articulate, inclusive and sustainable communities across Northern Ireland contributlng lo a prosporous, equitable. peaceful. and stable society. As a netwo￿, we continue to build relation5hlps with councils and our statutory partners to ensure that the needs of local communities remain to the forefront of the community planning agenda, and the Peace Plus Partnership to ensure that Impact NebNork Nl wlll be there to meet and support those needs. We would like to acknowledge the support of our funders who have sUPPOrted the organisation to grow and develop our work. We would also like to thank all our partners, colaborators and supporters from across the United Klngdom and the Republic of Ireland for their cohesion and friendship as we have sought to share lessons from our work and learn lessons trom theirs, A final word of thanks must go to our member groups who we have ser4ed. Their daily work in communities across Northern Iieland at the coalface of tackling poverty, loneliness, providing community space to meet, providing childcare and youth services is inspiring and is the glue that binds many communities together. As Chairman 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 ever4Jrowing 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 Ne￿Ork 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 Network Nl will continue to develop and offer leadership; it has proven it 15 well placed to deliver much needed support and guidance for a wide variety of community group5. 1 am delighted that they will continue to benefit from the expertise, partnership working and representation that Impact Nefviork Nl can and has offered. Sam Bell Chairperson IMPACT NETWORK (in Communities) Nl TRUSTEE REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AND ACTIVITIES Objectlves and Aims Impact Network Nl meet communty need5 by detemiining 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 programme5 are just a brief synopsis of the variety and reach the stsff 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 using a community development approach that engages and represents effectively acr05S the sector. Impact Ne￿yOrk Nl has 350+ member group5 and a management committee of 8 Directors. Impact Netsvork Nl believes that effective responses to the issues are best achieved through working in partnership with all relevantcommunity, voluntary, statutory and academic organisations and bodies. The trustees do not expect the activities to change significantly during the Incoming year. Publlc Beneflt Impact Ne￿ork (in Communities) NI LTD meet and comply with all requirements of the Charities AGt 2008 and have due regard to the public benefit guidance published by the Charity Commission for Northern Ireland, Flnanclal revlew Th& main Source of funding throughout the year was from grants. In calculating the required level of reserves the charity takes into account the risks of income and expenditufe, the trustees believe it is beneficial to hold an amount in unrestricted funds to cover running costs for a period of nine months to enable the company to continue at its current level of activity. Reserves pollcy The trustees consider the Reserve Policy an imFx)rtant part of the internal financial management. It assists with strategic planning when reviewing new or pot8ntial projectslactivities,. informs the budget process and enables planning for a balanced budget or use of re5erve5", and it informs the budget and risk management proce55 by identifying any uncertainty in future income streams. Reserves are reviewed in detail annually but also monitored throughout the year to assess any build up of reseNes or unexpected depletion of these. Operational ReseThes are required to allow the organisation to continue to deliver its charitable objectives and seek alternative 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 Reserves provide the organisation with the ability to react to short temi Op￿rtUnitIes. In quantifying the level of Operational Reserves 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 Mo￿thS of the annual recurring expenditure are required as Operats'onal Reserves. IMPACT NETWORK (in Communities) Nl TRUSTEE REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Investment Pollcy and Objectlves Under the Memorandum and Artides cf Association, the charity has the power to invest in any way the trustees wish. Rlsk The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, govemanee and management The charity consts'tutes a limited company, limited by guarantee, as defined by the Companies Act 20(￿. It is controlled by it's goveming document, The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr S Bell Mr D Richardson Mr M Warwick Mr D McAuley Mr R Willamson Mr J Greer Mrs J Mccaughey Mr R Taylor Recrultment and appolntment of new trustges Impact Network (in Communities) Nl openly invite all community mernbers to put themselves fopward lor nomination of 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. Organlsatlonal Structure The board of trustees administers the charity, The board meets monthly. there are sub comm1tt8es 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 matters. Inductlon and tralnlng of new trustees New Trustee5 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. Trustees are encouraged to attend appropriate training events where these will facilitate the undertakin9 of their rde. Related Partles There are no related parties within the charity. S Bell Impact Network NI 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 Accou nta nts Certificate Impact Network Nl Ltd Le al and Administrative Information Chalrman Sam Bell Secretary D Rlchardson Trustees S Bell D Rlchardson M Warwick D McAuley B Mallon J Greer J McCau8hey R Taylor Reglstered Offlce Unlt 6-7 Arches House 38-40 Main Street Randalstown Co Antrlm BT413AB Accountant Stephen Whlte Accounting and Taxatlon la Main Street Ballymoney BT53 6AN Impart Network Nl Ltd srATEMENT OF TRUSTEES RESPONSIBJUTIES 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 Accountants to complete the flnanclal statsments In accordance wSth appllcable law and Unlted Klngdom Accountlng Standards. Company Law regulres the trustees to prepare financlal statements for each flnanclal year whlch glve a true and falr vlew of the state of affalrs of the charlty and of the Incomlng resources and applScatlon of resources, Includlng the Income and expendlture, of the charltsble company for that year. The trustees are responslble for keeplng and provldlng the Accountant wlth adeguate records that dlsclose wlth reasonable accuracy at any tlme the flnanclal posltlon of the charlty and enable them to ensure that the flnanclal statefflents comply wlth the Companles Act 2006. They are also responslble for safeguardlng the assets of the charlty and hence for taklng reasonable steps for the preventlon and detertlon of fraud and other Irregularltles. IMPAcf NETWORK NI RECEIPTS & PAYMENTS ACCOUNT FOR YEAR ENDED 31st MARCH 2023 RECEIPTS PHA BIG LO￿ERy ARTS COUNCIL DOJ CYBERSPACE NHS 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,S61.00 £ 10,000.00 6,327.90 £ 4,000.00 £ 4,980.00 £ 23,614.34 £ 4,OSO.00 £ 48,000.CKI 9,000.00 600.00 £ 2,294.00 600.00 £ 5,599.00 5,000.00 Iso,00 937.80 37.36 £ 4CX),751,40 PAYMENTS PROGRAMME COSTS WAGES & RELATED EXPENSES RUNNING COSTS PREMISES COSTS TRAVEL & SUBSISTENCE PROFESSIONAL & CONSULTANCY FEES BANK CHARGES & INT DEPRECIATION W/OFF TRAINING cosrs ACCESS NI £ 138,380.S8 £ 150,466.07 9.468.63 £ 12,684.30 £ 4,833.14 ,142.92 2S6.15 545.00 8,835.00 2,602.00 £ 336,213.79 SURPLUS FOR YEAR 64,537.61 IMPAcf NEfwoRK NI STATEMENT OF ASSETS & UABIUTIES AS AT 3tst MARCH 2023 FIXED ASSETS PREMISES @ 45 MAIN STREET RANDALSTOWN £ 125,000.00 LEASEHOLD IM PROVEMENTS AT 3V0312022 3,395.00 LESS DEPRECIAnoN W/OFF 262.00 £ 3,133.00 FIXTURES, FIThINGS & EQUIPMENT AT 3V03122 2,835.00 LESS DEPRECIATION W/OFF 283.00 £ 2,552.00 £ 130,685.00 CURRENT ASSErs DANSKE BANK £ 136,317.6S NET ASSErs £ 267,002.65 CAPITAL & RESERVES REVALUATION RESERVE £ 202,465.04 RECEIPTS & PAYMENT5 ACCOUNT £ 64.537.61 £ 267.002.65 Impact Network ]YI Ltd Unit 6-7 Arches House 38-40 Main Street Randalstown Co Antrim BT413AB M042845 Charity Num 103237 Accountants Certificate In accordance with the instructions given to me, I have prepared the attached Financial Accounts from the books and records of the clwity and from the infonrAation and explanations supplied to me by its Trustees. I hereby certify that they are in accordance the￿WIth. Stephen White M.l.A.T.I l A Main Street Ballymoney BT53 6AN 6 41 411 8%E g 11 LL ogc f,li i a)