CO3 CMIEF OFFICERS THIRO SECTOR (A COMPANY UMfTED BY GUARANTEE} FINANCIAL STATEMENTS R THEYEARENOED I.MARC 2024 GENERAL INFORMATION DIRECTORS Mr Peter Bryson Mr Declan Cuccane Mr Stephen Dallas Mr Martin Flynn Ms Karen Gilmore Mr Nigel Hampton Ms Jacints Linden Mr Jonathan McAlpin Ms Fiona Mccabe Ms Jayne Murray SECRETARY AND REGISTERED OFFICE Jacinta Linden 31 Bruce Street Co. Antrim BT2 7JD AUDITORS Harbinson Mulhouand Centrepoint 24 Ormeau Avenue Belfast BT2 8HS BANKERS Danske Bank Donegall Square lfyÈst Belfast BT16JS COMPANY REGISTRATION NUMBER N1037439 DATE OF INCORPORATION 1 December 1999 Chaflty Reglstration Number NIC103498 C03 CHIEF OPRCERS TfrIRD SECTOR IA COMPANY LIMITEO BY GUARANTEEI FINANCIAL STATEMENTS THE YEAR ENDED 31 RCH.20 TRUSTEES. REPORT The Trustees present their annual report togelher with the audited financial statements of C03 Chief officers third sector the 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees, report and a directors, report undercompany law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requ1￿ments of the charitable company's goveming document and the provisions of the Statement of Recommended prxt1￿ {SORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireiand {FRS102) (effectrie 1 January 2015) as arrended by Update Bulletins 1 and 2. These financial statements consolidate the resuts of the Charity and the tradng conwany C03 Enterpnses Ltd on a lintrby-line basis. A separate Stslement of Financial Activit￿ and Income and Expenditure Accounts for the Charty alone has been p￿sented on page 19. e¢tives and aclivlties Principal Activ•ties and R￿ul18 for th• Year The principle actiwty for C03 Chief Officers 3rd Sedor (C03) is in the prorrrf)tK>n of excellence in leadership for Ihe voluntary, comrNnity sockql enterprise lThird) seclor in Northem I￿land. Incoming resources for the year amounted to 2024 £658.893 (2023.. £545.096) arKI is altributable to the princikle activty. strateglc Obiectlves for C03 During the period April 2023- March 2024 the or9anisation was working to the 2022 - 2025 Strategic Plan which set out the vision of the organisatk)n to achEve'. A falr and connected society wlth a vibran¢ valued third sector, led by influential lead•rs, deliverlng outstanding impact We will do that by Developing Inspirat￿n81, innovatNe. and hffjhly S￿Iled thinl sedor leader5. And ￿1[ VrfOTk rs guided by the Values of Courage Eryowering Leadership Quality Sc£ial Jus Integnty The trustees paid due regard to gUKlan￿ issued by the Charty Commission in deciding what activities the charity should undertake. Strategic Alms and Priorkies for 2022-2025 The Strategy for the threfryear peiiod sets out nine Stralegi¢ under three Themes: STRATEGIC THEME 1: Bulld and connect third sector leaders. AIM 1. Develop leaders.. Build the leadership capxity of Individuals in third sector organisakns. AIM 2. Connect leaders". Connect third sector leaders to each other and other sectors. AIM 3. Improve ihird sector govemance". Support the improveff*nt in third Sect￿ govemano and leadership capacity of trustees. AIM 4. Promote and tsjild rrEmtership'. Expand, develop, and engage C03 membership. C03 CHIEF OFFICÉAS THIRD SECTOR IA COMPANY LIMITED BY GiIAR4NTEE) FIPIANCIAL STATEMENTS R TME..YEAA OED JI MA H20 TRUSTEES. REPORT (COPTrD) STRATEGIC THEME 2: Effecdvely communlcate with C03's stakeholdw5 and inlluence public policy and prartlce. AIM 5. Promote awareness of C03 and ensure effective comrnunicatN)n with internal and extemal stakeholders. AIM 6. Make a positr've impact on the development of relevant public polw and practice in collaboration wrth members. STRATEGIC THEME 3: Build a strong effective organlsation. AIM 7. Ensure C03 has the slaff and olher petsonnel required to achEve its w'ms objethes arKI they are effectivety supported and mana3ed. AIM 8. Ensu￿ C03 has the ffinancial reS￿rceS. wembses and other physical resour￿ required to achieve its aims and objectsves. Aim 9. Ensure C03 role-models best praC￿e in its govemance. Through the development and delivery of all our servtss we strive towards fulfilling our mission of developing inspirational, innovative and highty skllled thlrd soctor leaders. (The Strategic Plan 2022-25 is available to download on our website.) Slrateglc Alliances & Meetings C03 chief executive, Valerie Mcconville. meets quartety with the chief executs'ves of our Scoth'sh and English counterparts ACOSVO and ACEVO exchanging ideas and best pract￿. C03 also continues to wcM* wilh NICVA and RCN in delivwing infrastructure support to the Third Sector Northern Ireland. through the Regional Infrastructure Support Programme. This programme is under review by Dfc with publicatK)n of the new framework immnent Ixrt Ouf ￿rreTrI level of annual fvndin9 (£32k> is secure until the end of March 2025. C03 has maintained and developed its connectson to our Swedish counterpart- Ideell Arena. In May 2023 we ran a very sU￿e$Sfvl programme for 40 Swedish charity leaders. The group visrted Mencap, Lislagan Farm run by Compass Advocacy Network (CAN). and Beltsst Charitable Scciety where they heard aboul involving young people in societal change from Politrs in N£kn"on and about peacebuilding work from Tides Training. and met C03 Board Trustees at an evening netrworking event held in Trademarket in Bellast. Working across engagementwith the Departrnentfor Communities, the National Lottery Communty Fund. the NIO and other local Nl executive departments C03 continues to represent members ai policy I￿e1. We ￿ntinUe to meet with a range of stakehoklers wthin the Third Sector such as Enterprise Nl. Social Enterprise Northern Ireland, Rural Communit￿5 Nehvork, VSB and Volunteer Now to build networks and connections and where posgtAe to work in partnership. We have successfulty ￿lIt rela￿c￿ShIpS with a number of new funders including the Departrnent for Economy, Ulster Garden VIUa3es and Ardbarron Trust and wll continLk to explore new swrces of income including through cOrp￿0te support. ststutory fvnding opportunities and Trusts & Foundations. C03 Continues to iruease Our offer to menkners, running a total of 81 events btheen April 2023 and March 2024. C03 CHIEF OFFICERS THIRO SECTOR (A COIWIANY UIIITED BY GUARANTEE FiMANCIAL STATEME1￿5 R ENOED 31 .202 TRUSTEES, REPORT (CONfD) Key Achlevements The trustees have referred to the guKlance contained in the Charity Commisslon's general guidance on public benefrt when reviewing the chaiity's objectives and actiVTlies. and in pLqnning its future activities. In particular, the trustees consider how planned actNib"es will contribute to the objectives and activlties that have been set. During the penod April 23 - March 24. C03 delivered a total of 81 events across our key areas of Servi￿.. Leadership Development (TrainiryJ), Networking. Policy. Govemance and Member Forums. This activity reached almost 2000 delegat&. IqdivicJu&l Evenls Deleg31es Leadership Development Networking & Connection Policy Events Governance Training Member Forums 33 294 940 471 14 10 159 72 Total Impacts 81 1,936 C03 delivered 67% of this actnity to free members between 1st Apn'l 2023 and 31st March 2024. 33% PAIO FREE Ffee • Paid Leadership Development Supporting third sectors leaders through high qLkqlty learning and devek)pment has been a critical component of strengthening the sector and building leadership capacity. C03 inspires its members to have a greater impact in thLTr organisatsons enhancing SeN1￿ delivery and bringing a wider benefit to society as a whole. The development programmes provided by C03. tailored to the needs of leaders in the community and Voluntary seGtor represent a signfficant inveslment in leadership capability across the third sector. This included programmes like the 6 day Certificate in Coaching and Mentoring, the 2 day Interim Executive Training, and the 2 day C03 Leadership Retreat held in Corrymeela. C03 CHIEF OFFICERS THIRD SECTOR COMPANY LIPAITED BY GUARANTEEI FINANCIAL STATENEMrs E YEAR ENOED 31 MARCH 20 FOR TRUSTEES. REPORT {coKr'D We delivered short Courses in a wide fange of areas including: Measuring Impact Strategy Planning High Prt)ductivity Major Donor Fundraising Working with Trusts and Foundations Telling your story with Impact Leadership Panel And free 5ession5 on" Developing a CRM Wll to Give Resilient Leaders Your Mentoring Joumey We also launched a new programme based on the C03 Leadership Framework. accredited at masters level by Ulster University and fully funded through the Department for Economy Skill Up Programme. This unique programme was delivered in collaborat￿n by C03 and UU over 5 leaming days and secured 15 masters credits for the 12 participants. It was very successful and we have secured fundin9 to run it again in the current financial year for 15 delegates. Networking & Connection C03's networking events offer a pfacts.cal way for members to connect arKI access peer to peer leaming that supports members on their leadership journey. The C03 Annual Leadership Conference in September 2023 atlrxled over 220 delegates and provided a day of leafning. inspiration and networking. The Leadership Awards in March 2024 attracted over 250 people celebrating the best leadership in the sector, heanng an Inspiring story based on lived experience from Clodagh Dunlop our keynote speaker anrj being entertained by 8oltywood style dancers from Arts Ekta. Our event led ty Engage Executive Talent on Digital Transformation was well attended with over 50 delegates and the Launch of our Leadership Framework at the Christmas Dnnks event at Ulster Bank saw almost 80 members corrE together in the festive season. Pollcy Events C03 continues to deliver on policy events provKJing OPPOrtunitie5 for ry￿mbers to put their concerns and qUeSt￿nS directly to policy makers. Hamessing corporate support and partnerships we have delivered ALL of our policy events free to members, this included: Three Roundtable events with permanent secretsries of Finance. Education and Justice (in the absence of ministers). a Meet the New Executive Event held wrthin a week of the Stormont Executrve reforming in February 2024, and a series of events run via the C03 Health Special Interest Group. Having secured funding ihrough the National Lottery Dorrnant Accounts Fund for a Scoping Study into the relationship between the Health & Social Care providers in the VCSE sector and the Statutory agencies thal they work with. we held 6 engagement events to capture member opinions to feed into the research. We also ran tr*0 Health Special Interest Group Nehvorking events wrth guest speakers from Queen's main research facility IREACH and wrth talks on the implementation of the Integrated ca￿ System (ICSI. C03 CHIEF OFFICERS THIRD SECTOR (A COMPANY LIMITED BY GUAFIANTEEI FINANCIAL STATEMENTS . OR TH&.YEAR E DED IMAR 2024 TRUSTEES, REPORT (CONT'DI Representation The Chief Executive and senior managers ￿present C03 members at various forums. groups and committees including: UK Shared Prosperity Fund Partnership Group Charity CornmissK)n Nl Stakeholder Group Alliance for Lifelong Leaming The Nl Executive All Party Group on the Community & Voluntary Sector And we are on the Judging panels for awards events such as the OCN Leaming Endeavour Awards. Chartered Institute of Fundraising Awards. EaS￿'de Avrards, Clanmil Colleague Awards and the Construction Employers Awafds. C03 was represented by the chief executive at the event marking the 25th anniversary of the Good Friday Agreement at Queen's University 'Reflect. Renew, Reimagine. in April 2023. The senior team attend as many member events as we can and work to support and promote the work of the members. Member Forums 2023 saw the launch of our Regional Chanty Leaders Forum to support those running the Nl arm of national and international charities. The forum has 12 members already and we ran events in 23124. The C03 New to Post Forum continues to be very popular with 4 events held in the period covering topics like developing a social enterprise. the power of networkTrng and post pandemic learnings for people management. reaching 50 delegates in total. We continued to assist memt)ers with Calls for Help throughout the year across areas including calls for office space. employment law seprfices. insurance and risk services and much more. Income from Trading Activities Member6hip Fees and Seryices Income Our Membership Income for the year was £98,774 (2023 £61.086) Income from events and services has increased from £179.422 {2023 £164,413) Corporate Support C03 has a number of Corporate Partners who continue to generously support C03 hosting our free netrworking events. C03 is particularly grateful to Evelyn Partners for their support of the C03 Annual confe￿nce and Awards and the practs'cal support throughout the year. Income from Charltable Aclivities The level of fvrKling from grants has increasedldecreased from March 2023 £171,767 to £262.463 in 2024. C03 continues to work collaborativety with NICVA and RCN to provide generic support to the sector under the Regional Infrastructure Support Programme supported by the Department of Communities. Dfc have indicated that this funding will be extended at the current level unbl March 2025. COJ CHIEFOFFICERS THIRD SECTOR IA COhlPANY UMITED 8Y GUARANTEE) FINANCIAL STATEMENTS RÉN 031 RCH FOR THE TRUSTEES, REPORT (CONfD) Reseryes Policy C03 Finance, Audit and Risk CornM￿ee and Executive have considered the ￿SerVeS required by the Association to rneet its liabilities and any unforeseen and extraordinary costs. C03 has sought the advi￿ of its auditors in setts.ng this poly. We updated this figure to build in the running costs of the organisation which has increased our reserrfe target. Six months staff costs £164,856 (including redundancy provision) Six months running costs £28.887 Final audit, HR & Legal Advice £9,000 Total £203,743 At this point, the total required lo provide an adequate reserve amounts to £203,473 C03's actual level of unrestricted reserves is £288.149. Designated fvnd8 Follo￿￿ng VAT advice and meeting the eligibilrty stsndards of H•ARC's Educational Status we have ring- fenced all income and expendilure related to this. Wth the direct costs and an apporb'onment of staff time applied it may be the case that this designated fijnd will be in a negative. The board except this and agree that the accumulatbve surplus and deficits are important to record and note within the accounts, following the guidance of HMRC VAT Notice 70130 Risk Management The Executive Committee has considered the major risks to which C03 is exposed. Systems and procedures have been established to manage those risks. The Finance. Audit and Risk Committee review and amend the Risk Register at each rrttting. feports'ng and highlights'ng major risks to the fijll Board meeting. The Risk Procedure was uFdated in Juty 2022 following a workshop with the Board of Trustees and CEO led by Willis. The Traffic Light system hffJhlights the biggest risks and mits'gations are agreed by the Committee and wider Board ol Trustees. The organisation has welcomed new colleagues in the period and our staff Gomplement has increased to7. Chief ExLxutive Valerie Mcconville Head of Operats'ons Suzanne Courtney Finance & Events Administrator Cathy Harris Communications Executive (PT) Andreina Ojeda Programme & Membership Coordinator Chrisb'na Johnston Director of C03 Enterpnses (Engage Executs"ve Talenl) Patrick Minne Recwitrnent Analyst (Engage Executive Talent Lesley Dugan C03 also has a small number ofvolunteer5 who provide supportkn c03 throughout the year. We would like to thank all of the volunteer mentors who have supported the C03 Mentoring Programme. C03 CHIEF OFFICERS THIRD SECTOR IA COMPANY LipirrE0 BY GVARANTEE) FINANCIAL STATEMENTS ENOEO 3 ..MA CH 2024 R THEY TRUSTEES. REPORT ICONT'D) Membershlp As the netsvork for third sector leaders, C03 offers ts members suppor( connection, advocacy and development programmes to grow and support rt5 membership base. Over the course of the past year we have exparKled the range of support and developrnentopportunities for our members. Increasingty the need for effective confjdent leadeTship is plain. We continue to provide fi'rst class leadership development for members to increase the capacity and expertise in the sector C03's membership is broken down into a range of categories highlighted below. We recognise that leadership development and support is required at every level within an organisats'on. Our member5 drive fotward social change across society. leading and working in a wide range of organisations, from small community-based groups to the biggest socral enterprises and charities across Nl. Category Full Members (CEO) Associate Members {Director) Corporate Members Trustee Network Interim Executr¥e Panel. Coaches & Mentors. Fellows. Honorary Total membership at October 2024 Number 303 276 161 73 877 {" October 2023 Membership was 771 marking an increase of 13% year on year) Plans for the Future In the year 202312024 C03 developed and launched a new Strategic Plan for 2022- 2025 which shape our activity ar￿ output. The Board of Trustees developed a new vision, misg'on and values and set out strategic aims and objectives. (The Strategic Plan is available to download on our website.) In February 2024 the board of C03 arKI C03 Enterprises Auditors The auditors, Harbinson Mulholland, have indicated their willingness to continue in oifice. The designated Trustees will propose a motion reappointing the auditors at a meeiing of the Twstees. Dlsclosure of information to auditor Each of the trustees has confirmed that there is no inforniation of which they are awafe which is relevant to the audit. but of which the audrtor is unaware They have further confirmed that they have taken appropriate steps to identify such felevant information and to establish that the auditor is aware of such informalion. Approved by order of the members of the board of Trustees o their behalf by". 23 and sgned on Ms Jacinta Linden Trustee Date 12