Charity registration number NIC 105019 Company registralion number N1030526 (Northem Ireland) VOICE OF YOUNG PEOPLE IN CARE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
VOICE OF YOUNG PEOPLE IN CARE LEGALAND ADMINISTRATIVE INFORMATION Directors Mr P McClenaghan- Chair Mr C Nicol- Treasurer Mrs M Mccallin Ms M Kennedy- Wice Chair Ms E Dohety Dr P Mccaffeity Ms S Campbell Dr R Mccooey Mr H Robinson Ms E Ibrahim-young Peoples. representative Ms J Dowell - Young Peoples, representalive (Appoinled 3 January 2024) (Appoinled 5 January 2024) (Appoinled 3 January 2024) (Appointed 16 May 2024) (Appointed 1 June 2024) Secretary Miss A Toal Charity number NIC 105019 Company number N1030526 Registered office 100 Great Patrick Street Belfast BT1 2LU Auditor GMCG Lisbum Century House 40 CreSnt Business Park Lisbum BT28 2GN Bankers Danske Bank Forestside Shopping Centre Upper Gaiwally Belfast BT8 6FX Solicitors Scullion & Green 50 St Patricks Avenue Downpatrick Co Down BT30 6DW
VOICE OF YOUNG PEOPLE IN CARE CONTENTS Page Directors, report Independent auditorfs report Statement of financial activities 17 Statement of financial position 18 Statement of cash flows 19 Notes to the financial statements 20-38
VOICE OF YOUNG PEOPLE IN CARE DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The directors present their annual report and financial ststements forthe year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial slatemenls and comply wtth the company's Articles of Associalion, the Companies Acl 2006 and ' Accounting and Reporting by Charities= Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 {effective 1 January 20191" Objectives and activities Voice of Young People in Care (VOYPIC} was established for exclusively charitable purposes,. namely to ensure that the general welfare and inlerests of care experienced children and young people are advanced. Mission. Vision. and Values Created in 1993 by a group of young people in care and professionals, VOYPIC is the charty for children and young people with a lived-in experience of care in Northem Ireland. We promote the rights and voice of children in care and care leavers. The current stralegic plan focuses on four key strategic aims= Empowering children and young people Innovaling practice through partiupation and co-production 3. Creating change 4. Organisational growth and stabilty Our Mission.. Working together with children and young adutts for a better care experien and life after care. Our Vision- Every child in care in Northem Ireland feels safe. valued and loved. Every young person leaving care does so with dignity and respect, and thrives into adulthood. OUR WORK: Advocacy and Awareness-raising We raise awareness of Ihe rights of children and young people. their views and experiences living in and leaving care, and their prioriiies for change. Making Connections and Capacity Building We connect young people with a lived experience of care with their peers. We host regular groups, participation forums and activities that build self-confidence. personal, social and life skills. whilsl making new connections and friends. IndependentAdvocacy and Advice Service We support young people to exercise their rights by providing assistance to- partiapale in decision making processes, express their views and concems. access infomialion, resolve issues or to identify available support options. Youth Participation and Co-production We help children and young people to find their voice and set their own agenda for change. We create a culture of lislening that enables children and young people to influence the world around them. Our programmes equip and prepare young people to take part in co-produdion activities. Influencing Change through Policy Advocacy We use our specialist knowledge and insight into the views and experiences of children and young people,. we wo in partnership with them to influence the development of legislation, policy and practice.
VOICE OF YOUNG PEOPLE IN CARE DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 OUR VALUES: VOYPIC'S work is underpinned by five core values which not only inform what we do but also how we do it. Relationship Based- We are driven by Ihe needs and aspirations of children and young people. We lislen, leam, and work in partnership with them to ensure their voice is heard. We are dedicated to empowering young people so that they reach their potential in whatever they choose lo do. Commitment: We are committed, passionate and enthusiastic champions for change. We are persistent and detemined in promoting the voice and defending the rights of children and young people in leaving care and into adulthood. Social Justice: We work to a strong moral code rooted in idea15 of Social justice. We challenge the oppression and discrimination faced by children and young people in care and seek to reduce the stigma they face in their daily lives. Respect for Rights: We respect the rights of children and young people and are prepared to challenge others to do the Same. Solution Focused: We are positive about the fvture. We are proud of what we do and what we have achieved. We fa problems with a solution-oriented mentalty. and we encourage our staff, stakeholders and young people themselves lo be problem solvers. The directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the company should undertake. Achievements and perfonnance 2023-2024 Organisational Overview From 1 April 2023 to 31 March 2024 our staff team consisted of 23 members. During the year we supported 621 children and young people., 554 were supported directly through our services wilh 67 children and young people attending VOYPIC events and activities. 416 Children and young people reiVed support through our regional independent advocacy service for children in care and care leavers. 14 Children and young people received advocacy support through Speak Up programme. 19 Young adults received individual advocacy support through the See Me Hear Me programme. 21 Children and young people received one to one support and coaching. 88 Children and young people took part in social action programmes. 120 Children and young people took part in participation forums. 63 Children and young people participated in policy consullations. 17 Young people undertook a leadership role. 58 Young people were supported through our independent advocacy service at Beechcroft. 159 Children and young people attended activity days. 139 Members of MYVOYPIC scheme.
VOICE OF YOUNG PEOPLE IN CARE DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC AIM 1. EMPOWERING CHILDREN AND YOUNG PEOPLE INDEPENDENT ADVOCACY SUPPORT: Regional independent advocacy service for chIldn in care and care leavers 416 children and young people received advocacy support 335 advocacy cases were closed during the year 82% of dosed advocacy cases were fully resolved, an increase of 4°A from previous year 13.5°A of closed cases were partially resolved 2.5¥D of casework closed unresolved, a decrease of 3.5% from previous year. lrnpact of Advocacy Support 94Y• of young people feli listened to because of the advocacy support they receive 91 Yo of young people stated they would use the advocacy sep4ice again 68Y• of young people whose cases had been resolved reported that their rights were protected through our advocacy supporl 60% of young people felt they were able to influence decision making with the help of their advocate. Advocacy in Secure Care In 2023-2024 VOYPIC supported 46 young people at 65 presentations to the Regional Multi Agency Panel for Admission lo Secure Care. Advocates support young people to share their wishes and feelings to the panel about any safety concerns, and how they can keep Ihemselves safe. 90°A of all young people offered advocacy support for panel acpted help. Young people continued to avail of advocacy support for care and exit planning whilst placed in secure care. Advocacy Workshops 26 advocacy workshops were delivered to 284 young people living in foster families and young people leaving care across Northem Ireland. Theses workshops are designed to educate children and young people about their rights and entitlements whilst in care. The workshops explore a range of issues,. support for leaving care, review meetings, accommodation. play, and identity- Advocacy in Beechcroft Child & Adolescent Mental Health Unit Beechcroft Child & Adolescent Mental Health Unit provides specialist care to young people from across Northem Ireland. VOYPIC provides a dedicated advocate located in the hospilal on behalf of the BHSCT. We supported 58 individuals through 62 pieces of advocacy case work. We helped young people share their views, participate in Patient Forums, and take part in consullations on issues such as administering IV nutrition and mealtimes.
VOICE OF YOUNG PEOPLE IN CARE DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Speak up Pilot This year we piloted advocacy support for young people in Northem Heatth & Social Care Trusl area to participale in child protection case conferences. The pilot is assessing the effectiveness of advocacy to SUPPOrt young people's meaningful involvement in child protection processes. During the year V supported 14 young people in case conferences. Advocacy for Young Adults Often, the need for help and support does not end vthen a young person moves on from leaving and aftercare services. With support from The National Lottery Community Fund, we have been able to support 19 young adults, aged 21 + who no longer have access lo slatulory support serrfices. to resolve 30 differenl issues. PARTICIPATION SERVICES: SEE ME HEAR ME programme Through this programme VOYPIC facilitated the developrnent of three peer support group5 for young care leavers. Thity-three young people took part in the groups throughout the year. Peer support groups provide a space and environment for care leavers to meel with their peers and create and sustain social nelworks within Iheir communities. 88 young people took part in social action projects. These projects give young people an opportunity to use their lived experience lo affecl change in Iheir communty. Examples of social action projects undertaken this year include= Guerilla chalk street art and urban gardening, in partnership with Ulster Universty, Belfast Production and distribulion of health and hygiene packs Creation and publication of a storybook about coming into care Development of a 'Pizza Advice' a pizza box advice ntre Delivery of second 'Care 2 Swap' a social dolhes swap event Organising and running a Halloween Haunted House for young people in care. Participation Forums We facilitated weekly participation forums in each of the five HSCTS, involving 120 children and young people. Our participation forums help young people to find their Vol and set their own agenda for change. They provide a safe space for young people to have their say and engage direcuy with decision makers on matters important to them.
VOICE OF YOUNG PEOPLE IN CARE DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC AIM 2. INNOVATING THROUGH PARTICIPATION AND C04>RODUCTION Young Reps Young Reps are the youth leaders of VOYPIC. They represent and advocate on behalf of young people in and leaving care and advise Ihe VOYPIC Board of Directors and the VOYPIC Leadership Team on how to deliver the Strategic Plan. There are currentty 17 VOYPIC Young Reps, including two ex-officio members ofthe VOYPIC Board of Directors. During the year the Young Reps took part in a team-building residential and undertook training for their new role. For example, they received Media Training wtth Bespoke Communications, lo develop their skills and confidence to use traditional and social media to communicate their key messages on life in care. Young Reps coordinated and helped deliver VOYPIC'S 30th birthday activities in October 2023 and contributed to the annual Care Day working group and Ihe Care DayAwards Ceremony in February 2024. Ulster University Partnership We worked with young leaders Io ci)-design a series of workshops for students in Ulster University, focused on improving student's understanding of care and issues impacting children and young people. Workshops were delivered in both the Belfast and Magee campus. UNICEF Partnership We continued to work in partnership with the Derry & Strabane District Council, the Western Health and Social Care Trusl, and other volunlary and community organisations to promote Dery as a 'Child Friendly City,. We supported young people to take part in several workshops and online training sessions throughout the year, to promote young people's rights across the DSDC area. STRATEGIC AIM 3. CREATING CHANGE Care Day 24 'Celebrating and Connecting the Care Experien¢ed Community, Care Day 24 was held on Friday 16th February 2024. In the lead up to the big day the Young Reps hosled a coffee morning for 'VOYPIC Alumni,, that is young people who participated in VOYPIC'S programmes in the past. This reunion was attended by over 30 fomier seNice users, who took the opportunity lo reconnect and have a lour of the new building at 100 Great Patrick Street. During Care Day 24, everyone was encouraged to put their'Hands Up for Care Day,. Once again, many individuals and organisations across Northem Ireland, around the UK and Ireland, and further afield, got involved in the activity, by writing on Iheir hand and sharing a selfie on social media. This provided a great opportunity to 'celebrate and connect the care experienced community, global on Care Day. On the moming of Care Day. VOYPIC hosted a 'Famity Fun Day. in New Life City Church, Belfast. This event was attended by more than 50 care experienced families. all enjoying games, craft aclivilies, a petting farm, and gianl inflatables. The flagship event for Care Day 24 was the first annual Care Day Awards. Beeen Christmas and the start of February, anyone could nominale a care experienced young person for a Care Day Award, in a range of calegories. Sixty-five nominations were received across the categories. and the judges met in eady February to select the winners. The awards were presented at a special ceremony on the event of Care Day, in the Great Hall of Queen's University, Belfast. The evenl was hosled by BBC reporter. Mark Simpson. The event was a resounding success, with many commenting on the celebratory. positive nature of the [emOnY, and praising the stories of those recognised with an award.
VOICE OF YOUNG PEOPLE IN CARE DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Independent Review of Children's Social Care Services The Independenl Review of Children's Social Care Sep4ices was published on Wednesday 21 June 2023. Throughout the period of the review. VOYPIC supporled a group of young people with experience of the services covered by the review to act as the Experts by Experience IEBEI Referen Group to the Review. Young people were involved in the launch event, including speaking about the experiences of the EBE Reference Group, and taking part in media interviews. VOYPIC supported young people to participate in the public consuttalion on the recommendations of the Review, and the Department of Health's proposals for delivery on the recommendations. In March, a group of young people from the EBE Reference Group and VOYPIC Young Reps attended a meeting of the Heallh Committee al Slomonl where the Review was being considered. PSNI-NICCY Project VOYPIC supported three young people to take part in a programme of activrties coordinated by NICCY and the PSNI. This included young people being part of the launch of the PSNI Youth Engagement Strategy, as well as participating in a steering group to develop a new structure for youth engagement with policing in Northem Ireland. UNCRC Reporting In spring 2023, VOYPIC supported four young people to travel to Geneva, to present to the UN Committee on the Rights of Ihe Child, as part of Ihe UK delegation to the Commitlee. On retum, the young people worked with peers from partner organisations to plan and host a briefing session for a larger group of young people. informing them of the engagement. They also helped deliver a session for professionals, induding duty bearers, in the autumn. All-Party Group on Youth Participation VOYPIC has taken up membership of the All-Party Working Group on Youth Participalion, chaired by Colin McGralh MLA and facilitated by the Northern Ireland Youth Forum (NIYFI. A rnember of the VOYPIC staff team, alongside at least one young person from the organisation, has attended each meeting since the APG was established in October 2023. Five Nations. One Voice network: {5N1V) The Network continues to meet to develop relationships and shared leaming across the five charities. During the year staff from across the nehvork came together for Knowledge Exchange session based on shared interests and priority areas of work.
VOICE OF YOUNG PEOPLE IN CARE DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC AIM 4. GROvH AND STABILITY Grand Opening of 100GPS Following years of planning and development VOYPIC was delighled to move into their new premises at 100 Greal Patrick Street in November 2022. alongside Indude Youth and Viable Corporate Services. To mark this achievement a planning group. made up of young people and staff from VOYPIC and Include Youth, came logelher lo develop plans for a grand opening. Young people took a leading role in coordinating Ihe activities, including agreeing the theme for the day. decorations, catering. and the activrties on offer. The Grand Opening took place on Thursday 22 June. The building was officialty opened by six young people- three from each charity- representing the themes of HISTORY, TOGETHERNESS, HOME and FUTURE. The event was attended by over 150 children and young people, sector professionals, decision makers, and supporters. VOYPIC30 _ 30th Birthday Celebrations In October 2023, VOYPIC celebrated its 30th birthday. An online campaign shared stories from those currentty involved with the organisalion, alongside those who have been involved over the past 30 years. On 20 October we hosted Ihe VOYPIC30 Conference at Ulster Universty, showcasing some of the key milestones for the organisation over the past 30 years, telling the story of care experien in Northem Ireland from the eady 90s to the present day. The conference was co-designed with a group of VOYPIC Young Reps, and all presentalions and activities were co-delivered by them. SUSTAINABILITY AND RESILIEINCE To improve VOYPIC'S long tenn suslainabilty. resilience and capacity we secured funding through the Domanl Accounts Fund Nl to develop the leadership team's capacty, increase and diversfy our income, and strengthen govemance arrangements. A governance health check was completed with Board members in May and June 2023, using the Code of Good Governan self-assessment framework. Following the self-assessment an action plan was developed highlighting key actions for the year. The leadership team undertook development training to ensure team effectiveness. The training focused communication, efficient utilisation of resources, building long lem relationships, social and psychological safety to ensure Spa for crucial conversations, roles and responsibilities, accountability, and change awareness and readiness. During the year we implemented a new management infomiation system and developed impact data measurements and collection processes. This will improve our reporting to funders. potential supporters and donors, and generate better public awareness of our work with children and young people with a lived experience of care. Financial review VOYPIC strives to meet all targets and objectives agreed with its funders, Trmth all expenditure being monitored and benchmarked against budgets. The Board of Directors consider that the unrestricted funds of the charity have sufficient resources and assets available which are adequate lo fulfill their obligations. At 31 March 2024 the balance of unrestricted reserves was £407.218 (2023 - £428,612), of which £19,29612023 - £113,858) has been designaled by the Board at the year end. Restricted funds are restricted for the purpose specified in letters of offer provided by the funding bodies. At 31 March 2024 the balance of restricted funds totaled £1.044.751 {2023- £1,082.2001.
VOICE OF YOUNG PEOPLE IN CARE DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reserves policy: The Board aims to maintain free reserves in unreslricted funds at a level which equates to approximately three months of unrestricted charitsble expenditure. Currenty we hold the equivalent of 3.5 months expenditure. The Board of Directors moniior and review the reserves policy on an annual basis. The Board considers that reserves at this level will ensure that. in the event of a signrficant drop in funding, VOYPIC will be able to conlinue tts activities while consideralion is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The VOYPIC Board of Directors has decided that VOYPIC should hold financial reserves because.. VOYPIC has no long-temi funding sources and is entirety dependent for income from year to year on short term grants and donor funding, which is inevitabty subject to fluctuation. 2. VOYPIC requires protection againsl, and the ability lo continue operating. desptle fluctuation in income or events threatening to the organisation. 3. VOYPIC requires the abilty to continue to employ workers and continue our projects in between periods of grant funding. The VOYPIC Board of Directors considers tt prudenl thal unrestricled reserves should be sufficient lo= avoid the necessity of realising fixed assets held for the charity's use and cover three months of direct and indirect expenditure. Going Concem: The charity's funding streams have remained conslant during Ihe year 2023-2024. Wilh a projected shortfall for the year 1 April 2024 to 31 March 2025 of £56,036. The Board recognises the low level of risk. However, they take an active approach in seeking to mrtigate any risk to the charity's future. A fundraising plan is in place to address any potenlial shortfalls. and scenario planning continues. The Board has considered the secured funding in place for the next few years, which enables the board to fOard plan and be proactive about their funding in the future. The directors are satisfied Ihal the charity's financial sustainability of services to care experienced children and young people in the financial year 2024-2025. The directors aim to increase fundraising activities and to generate addrtional income by ways of increased training and consultancy work. After making enquiries, the directors have a reasonable expectation that the charity has adequate resources to continue lo operate for the foreseeable future. Accordingly, they continue to adopt the going cOnM basis in preparing the annual report and accounts. At 31 March 2024. the charity had cash in bank of £417.484. with unrestricted funds of £407,218 at the year end, £19,296 of which have been designaled for use in the year ending 31 March 2025. In summary. based on the funding in place for 202412025 the diredors have a reasonable expectation that the organisalion has adequate resources to conlinue tts operational activty. Along with written representations from the Board and the reserves of the charity. We do not believe there to be a concem over the operation of VOYPIC in the foreseeable future. Risk review The Board has a risk management strategy which comprises: An annual review of principle risks.. The establishment of policies, syslems & procedures to mitigate those risks identtfied in the annual review., and The implementation of procedures designed to minimise or manage potential impact on the charity should those risks materialise. A key element in the management of financial risk is a regular review of available funds and cash flow.
VOICE OF YOUNG PEOPLE IN CARE DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Slructure. governance and management The company is a company limited by guarantee. registered with Charity Commission for Northem Ireland and a registered charity for taxation purposes. It is run by a Board of Directors, no more than tsvelve and no less than five in total. The direclors who served during the year and up to the date of signature of the financial statemenls were.. Mr P McClenaghan- Chair Ms F Nicol Mr C Nicol - Treasurer Mrs M Mccallin Ms M Kennedy- Vice Chair Ms E Doherty Dr P Mccafferty Ms S Campbell Dr R Mccooey Mr H Robinson Ms E Ibrahim - Young Peoples, representative Ms J Dowell - Young Peoples. representative (Resigned 13 December 2023> (Appointed 3 January 20241 (Appointed 5 January 20241 {Appointed 3 January 20241 (Appointed 16 May 2024) (Appointed 1 June 2024) The Board of Directors has Ihe power at any time to fill any vacancy on the board by co-option. At the Annual General Meeting direclors are appointed by eleclion. The Board of Direclors meet on a monthly basis. New board members may be sought through open advertising. The interview panel is made up of young people and current board members. Imien appointed, board members complele a full induction into Ihe charity and receive a welcome pack which includes a brief history of the charity, a copy of the last three years annual accounts, annual reports and a copy of the Charity Commission's guidance The Essential Trustee; Wiat you need to know and Public Benefft running a charity-, None of the directors has any beneficial interest in the company. All of the directors are members of the company and guarantee to contribute £1 in Ihe event of a winding up. Key Management Personnel Remuneration The Board of Directors and the Chief Executive comprise the key management personnel of the charity in charge of directing and controlling the charity and operating the charity on a day-to4ay basis. All Board members give of their time freely and no remuneralion was paid in the year. Board members are required to disclose all relevanl conflict of interest5 and register them at each monthly board meeting and in accordance with the Trust's policy withdraw from decisions where a conflict of interest arises. Employee involvement The charity's policy is to consult and discuss with employees any rnatters likew to affect their interests. Information of matters of concern is given through staff briefings which seek to achieve a common awareness on the part of 811 employees of the financial and economic faclors affecting charity's perfonnance. Disabled persons Applications for employment are fully considered, bearing in mind the aptitudes of the applicant concemed. In the evenl of members of slaff becoming disabled, every effort is made lo ensure Ihal their employmenl within the company continues and that the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of disabled persons should as far as possible, be idenlical to Ihat of other employees.
VOICE OF YOUNG PEOPLE IN CARE DIRECTORS. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 statement of dire¢tOTS' responsibiltties The directors. who also act as tTUStees for the thartlable a(aivities of Voice of Young People in Care. are responsible for preparing the Directors. Report and the financtal stalements in ac(x)rdance with applic2ble law and United lQngdom Accounting Standards (Unrted lfjngdom Generauyknepted Accounltng Practice). Company Law requires the directors to prepare finanoal statements lor eath finanaal year whiL* give a tnje and fair vtew of the stste of affairs of the company and of the incoming resources and applie2tion of resources, including the income and expenditure, ofthe charitsble company for thal year. In preparing these finan¢ial statements, the dire(#ors are required to: - select suitable accounting poliaes and then apply them o)nsistenlty,' - observe the methods and princAples in the Charities SORP 2019 IFRS 102). - make judgemenls and estimates that are reasonable and prudent, stste whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financaal stalements- and prepare the financial statements on the going COnM basis unless it is inappropriate to presume that the company will continue in operation. The directors are responsible for keeping adequate acojunting records that disdose wtth reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial staternents comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for tsknng reasonable steps for the prevention and detedton of frdud and other irregularities. Auditor In accordants with the companrfs artides, a resolutton proposing that GMCG Lisbum be reappointed as auditor of the company wll be pul at a General Meeting. Disclosure af infomiation to auditor Each of the directors has confirmed that there is no infoThation of whith they are aware whith is relevant to the audtt, but of which the auditor is unaware. They have further confimied that they have taken appropriate steps to identfy such relevant information and to establish that the auditor is aware of sud] infomjation. This pOrt has been prepared in acrdanCe wtth the provisions applicable to companies entrtled to the sm811 companies, exemption. The directors. report was authorised an(J approved by the Board of Directors. Mr P McClenaghan- Chair Director Date: . 10-
CHARTRRED ACCOUNTANT8 VOICE OF YOUNG PEOPLE IN CARE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF VOICE OF YOUNG PEOPLE IN CARE Opinion We have audtted the financial slatements of vol of Young People In Care (the 'company') for the year ended 31 March 2024 which comprise the statement of financial activities. the statement of financial position. the statement of cash flows and the notes to the finanual statements, including a summary of significanl accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (Untted Kingdom Generalty Accepted Accounting Practice). In our opinion, Ihe finan81 statemenls= give a true and fair view of the state of the charitable companys affairs as at 31 March 2024 and of its incoming resources and application of resources, induding f(s income and expenditure, for the year then ended., have been properfy prepared in accordance with United Kingdom Generalty Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing {UK) (ISAS (UKI} and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audil of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audil evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going Concern In auditing the financial statements, we have concluded that the directors, use of the going conrn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or condilions that, individually or collectively, may cast significant doubt on Ihe company's ability to continue as a going concern for a period of at least twelve rnonths from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors wtlh respect to going concem are described in the relevant sections of this report. 11 Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cenry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293
CHARTRRED ACCOUNTANT8 VOICE OF YOUNG PEOPLE IN CARE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF VOICE OF YOUNG PEOPLE IN CARE Other information The other information comprises the infomialion included in the annual port olher than the financial stalements and our auditorfs report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly Stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge oblained in the course of the audil, or otherwise appears to be materialty misstated. If we identify such material inconsislencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstalemenl in the financial statemenls Ihemselves. If, based on the work we have performed, we condude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matter5 prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit= the information given in the directors, report for the financial year for which the financial statements are prepared is consistent with the financial statements.. and the directors, report has been prepared in accordan with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not idenlified material misstatements in the directors, reporl. We have nothing lo report in respect of the following matters in relation to which Ihe Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and retums- or certain disclosures of trustees, remuneration specified by law are nol made", or we have not received all the information and explanations we require for our audit. the directors were nol entilled to prepa the financial statements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the directors. report and from the requirement lo prepare a slrategic report. 12- Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cenry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293
CHARTRRED ACCOUNTANT8 VOICE OF YOUNG PEOPLE IN CARE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF VOICE OF YOUNG PEOPLE IN CARE Responsibilities of directors As explained more fully in Ihe statement of directors, responsibilities, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a Irue and fair view. and for such internal control as the directors detemiine is ne$sary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related lo going concern and using ihe going concem basis of accounting unless the directors either inlend to liquidate the charitable company or to cease operations. or have no realistic altemat5¥e but lo do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assuran about whether the financial statements as a whole are free from material misslatement, whelher due to fraud or error. and to issue an audilorfs report that includes our opinion. Reasonable assurance is a high level of assuran but is not a guarantee that an audit conducted in accordance wilh ISAS (UK) will always delecl a material misslatement when it exists. Misstalements can arise from fraud or error and are considered material if. individualty or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial ststements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibililies. outlined above. to detect malerial misstalemenls in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. 13- Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cenry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293
CHARTRRED ACCOUNTANT8 VOICE OF YOUNG PEOPLE IN CARE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF VOICE OF YOUNG PEOPLE IN CARE Extent to which the audit was considered capable of detecting irregularities, including fraud We idenlify and assess the risks of material misstatement of the financial slatements. whether due to fraud or error, and then design and perform audit procedures responsive to those risks. induding obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In idenlifying and assessing potential risks of material misslatement in respect of irregularilies, including fraud and non-compllanS with laws and regulations. considered the following= The nature of the industry and sector, control environment and business performan, including the charitable company's remuneration policies for directors, bonus levels and performance targets, if any,. Results of our enquiries of management about their own identification and assessmenl of the risks of irregularities- Any matters we identified having obtained and reviewed the charitable company's documentation of their policies and procedures relating to.. Idenlifying, evaluating and comptying with laws and regulations and whether they were aware of any instance of non-compliance: Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud., and The internal controls estsblished to mitigate risks of fraud or non-compliance with laws and regulations., The matters discussed among the audit engagement team regarding how and where fraud mighl occur in the financial statements and potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the charitable company for fraud and idenlified Ihe greatesl potential for fraud in income recognition. In common with all audits under ISAS (UK). we are also required to perforn specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks that the charitable company operates in, focusing on provisions of those laws and regulations that had a direct effect on the detemiination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included Ihe Companies Act 2006, and local lax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. 14- Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cenry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293
CHARTRRED ACCOUNTANT8 VOICE OF YOUNG PEOPLE IN CARE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF VOICE OF YOUNG PEOPLE IN CARE Audit response to risks identified Our procedures lo respond lo Ihe risks identified included the following= Reviewing the financial slalement disclosures and lesting io supporling documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial slatements- Enquiring of management concerning actual and potential litigation and daims., Performing analytical procedures to identify any unusual or unexpected relalionships that may indicate risks of material misstatement due to fraud.. Reading minutes of meetings of those charged with govemance and reviewing correspondence with tax aulhorilies., and In addressing the risk of fraud Ihrough management override of controls. testing the approprialeness of joumal entries and other adjustments., assessing whelher the judgements made in making accounting estimates are indicative of a potential bias., and evaluating the business rationale of any significant Iransaclions that are unusual or outside the nonnal course of business. We also communicated relevant identified lav and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Owing to the inherent limitalions of an audtt, there is an unavoidable risk that we may nol have delecled some material misstatements in the financial statements, even though we have propedy planned and performed our audit in accordance with auditing standards. In addition, as wilh any audit, Ihere remains a higher risk of non-detection of irregularities, as they may involve collusion. forgery, intentional omissions. misrepresentations, or the override of inlernal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non- compliance with all laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council's website at.. htlps.'Il www.frc.org.uklauditorsresponsibilities. This description fomis part of our auditorfs report. 15- Alfred Hottst 19 Alfred Street BWAST BTO 8EQ DX3910 NR Belfast 50 Cenry House A7 Mandeville Street 40 Creseent Business Park IVRTADOWN SDLRN r28 2GN r62 3PB Tel: +44 (0)28 9031 1113 Trax: +44 (0)28 9031 OTn Tel: +44 (0)28 9260 T355 Fax: +44 {0)28 9260 1656 Tel: +44 (0)28 3833 2801 Fax: +44 (0)28 3835 0293
VOICE OF YOUNG PEOPLE IN CARE INDEPENDENf AUDITOR% REPORT {CONTINUED) TO THE MEM8ERS OF VOICE OF YOUNG PEOPLE IN CARE Use of ourreport This report is made 501ely to the chaftai4e r£rfnpatys memiy as a iN)dy. in a>Xd3nce Chaw 3 of Part 16 of Ihe Companies Ad 20C6. Our authtwork has undertaken so that we mighl state to the dMritsble ethnpar*Ys mambers those matters we are requir&J to stale to them in an au&rtorfs report and for no other purpose. To the fullest extent pem)stted by law, we do not a¢xept or assune responsibilty tr) anyone other than the dmritable company and the d[lIable mparf$ members as a boty. fry our auditvxrt for tlys report orfor the oplrAons we havè formed. Mrs Susan In10P F {Senior Statsrtory Audito lor and on beha¥ of GMCG Lisbum Chartered Aecountsnts ststutory Auditor Cw#Lry House 40 Crescent 8usiness Pa LisbJm BT28 2GN 16-
VOICE OF YOUNG PEOPLE IN CARE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted funds 2023 Restricted funds 2023 Total 2024 2023 Notes Income from: Donalions and legacies Charitable activities Inveslments 36.486 36,486 1,149,361 15,879 18,809 18,809 2,096,421 1,405 1.149.361 2,096,421 15.879 1,405 Total income 52.365 1.149.361 1.201,726 20,214 2.096,421 2,116,635 endilure on- Charitable activities 73.759 1.186.810 1,260,569 7,096 1,424,295 1,431,391 Total resources expended 73,759 1,186,810 1,260,569 7,096 1,424,295 1,431,391 Net loutgoingllincoming resources before transfers (21.394) 137.449) {58,843) 13,118 672,126 685,244 Net (expenditure)lincome for the yearl Net movement in funds (21,394) (37,449) (58,843) 13,118 672,126 685,244 Fund balances at 1 April 2023 428.612 1.082.200 1.510,812 415,494 410,074 825,568 Fund balances at 31 March 2024 407.218 1,044.751 1,451,9 428,612 1,082,200 1,510,812 The statement of financial activities indudes all gains and losses recognised in Ihe year. All income and expenditure derive from continuing activities. The stalemenl of financial activities also complies Vth the requirements for an income and expenditure accounl under the Companies Act 2006. 17-
VOICE OF YOUNG PEOPLE IN CARE STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets Investrnents 14 15 1,053.422 1,141,950 1,053,423 1,141,951 Current assets Debtors Cash at bank and in hand 16 191,623 417.484 192.809 442,828 609.107 635.637 Credrtors: arnounts falling due within one year 17 <100.168) (185,908) Net current assets 508,939 449,729 Total assets less current liabilities 1.562,362 1,591.680 Creditors: amounts falling due after more than one year 18 (110,393) (80,868) Net assets excluding pension liability 1.451.969 1,510.812 Net assets 1.451.969 1.510,812 The funds ofthe company Restricled income funds Unreslrictea funds 21 1,044.751 407.218 1,082,200 428,612 1,451,969 1,510.812 The financial ststements were approved by the directOT5 on and signed on their behalf by- Mr P McClenaghan- Chair Director Ms M Kennedy- Viee Ch&r Director Cornpany registration number N1030526 (Northem Ireland) 18-
VOICE OF YOUNG PEOPLE IN CARE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash generated fromllabsorbed by) operations 29 3.402 (142,492) Investing activities Purchase of tangible fixed assets Inveslment income received (70.7101 15,879 1327.9171 1,405 Net cash used in investing activities {54,831) (326,512) Financing activities Proceeds from borrowings Repayment of borrowings 35.000 (4,393) {5,0931 Net cash generated froml(used in) financing activities 30,607 15,093) Net decrease in cash and cash equivalents (20,822) (474,097) Cash and cash equivalents at beginning of year 434.076 908,173 Cash and Cash equivalents at end of year 413.254 434,076 Relating to: Cash at bank and in hand Bank overdrafts included in creditors payable within one year 417,484 442,828 14,230) 18,752) 19-
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity infomiation Voice of Young People In Care is a private company limtled by guarantee incorporated in Northern Ireland. The registered office and principal place of business is 100 Great Patrick Street, Belfast, BT1 2LU. 1.1 Accounting convention The financial stalemenls have been ppared in accordance wtth the company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities pparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The company is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the fijnctional currency of the company. Monetary amounts in these financial stalements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopled are sel out below. 1.2 Going Concern At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existen for the foreseeable fulure. Thus the directors continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at Ihe discrelion of the directors for specific purposes. The purposes and uses of the designated fijnds are set out in the notes to the financial statements. Restricted funds are subject lo spectfic conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the company is legalty entitled to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised On the company has been notified of the donation, unless perf0mlan conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donalion. The charity receives grants in respect of the provision of specified services, projects and activities. Income from govemmenl and other grants are recognised at fair value when the charity has entitlemenl after any Performan conditions have been met. it is probable that the income will be received and the amount can be measured reliabty. If enlillement is not met then these amounts are deferred. Interest on funds held on deposit is included when receivable and the amount can be measured reliabty by the charity., this is normally upon notification of the interest paid or payable by the bank. -20-
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.5 Expenditure All expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all costs related to the category. Expendtture is recognised where there is a legal or constructive obligalion to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under one of the following headings.. Costs of raising funds, Expenditure on charitable activities and Other expenditure. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Support cosls are Ihose that assist Ihe work of the charity but do not directly represent charitable activities and include office costs, governan costs. depreciation costs and administrative payroll costs. They are incurred direcuy in support of expenditure on the objects of the charity and include project management carried oul at the office. Office costs. depreciation costs, govemance cosls and payroll costs are allocaled to charitable activities based on useage. The allocation of the support costs is anatysed in note 9. 1.6 Tangible fixed assets Tangible fixed assets are initialty measured at cost and subsequentty measured at cost or valuation, net of depreaation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Land & buildings Leasehold improvements Fixtures and fittings 2% Straight line 25 % straight line 25Yo Straight line The gain or loss arising on the disposal of an asset is detemined as the difference beeen the sale proceeds and the carrying value of the assel, and is recognised in the statemenl of financial activities. 1.7 Fixed asset investments Fixed asset investments are stated at cost. 1.8 Cash and cash equivalents Cash and cash equivalenls indude cash in hand, deposits held at call wilh banks, other shorl-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 1.9 Financial instruments The company has elected to appty the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of rts financial instruments. Financial instruments are recognised in the company's balan sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legalty enforceable right to set off the COgnised amounts and Ihere is an inlenlion to settle on a nel basis or to realise the asset and setde the liability simulianeousty. Basic financial assets Basic financial assels, which indude debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequentty carried at amortised cost using the effective interest method unless the aangement constitutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted at a market rate of interesl. Financial assets classified as receivable within one year are not amortised. 21
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities, induding creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing iransaclion, where the debt instrument is measured al the presenl value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments a subsequentty carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operalions from suppliers. Amounts payable are dassified as currenl liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade credrtors are recognised initially at transaction price and subsequentty measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cosl of any unused holiday entement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediatety as an expense when the company is demonstrably committed to temiinate the employment of an employee or to provide temiination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due. Critical accounling estimates and judgements In the application of the company's accounting policies. the directors are required to make judgements, eslimates and assumptions about the carrying amount of assets and liabiltties Ihal are not readily apparenl from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual resulls may differ from these eslimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimates are recognised in the period in which the estimate is revised where Ihe revision affects only thal period, or in the period of the revision and fijture periods where the revision affects both current and future periods. -22-
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting estimates and judgements (Continued Key sources of estimation uncertainty Fixed assets The annual depreciation charge on fixed assets depends primarity on the estimated lives of each type of asset and eslimales of residual values. The directors gulaty review these assels lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condilion of the assets concemed. Changes in assets lives can have a significanl impact on depreciation charges for the period. Detail of the useful lives is induded in the accounting policies. Restricted and unrestricted funds Judgements are made in relation to allocation of income and expenditure to restricted and unrestricted funds. The direclors consider it appropriale to allocate these funds based on interpretalion of donations received. Support costs Judgements are made in relation to the allocation of support costs of the charity to its charitable activities. The directors consider it appropriate to allocate these costs based on the allocalion of grant funding to the charitable activitie5 in the year. Deferred and accrued income Income is deferred or accrued based on when the directors believe the company is legally entitled to it after any performance conditions have been mel, Ihe amounts can be measured reliably, and it is probable thal income will be received. Donations and legacies Unrestricted Unrestricted funds funds 2024 2023 Donations and gifts Unrestricted grants 36,486 13,206 5,603 36,486 18,809 Donations and gifts Other income Training 27,586 8,900 8,786 4,420 36,486 13,206 -23-
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charitable activities AdvocacyParticipation Policy Voice Building Project 2024 Total Total 2024 2024 2024 2024 2023 Grants receivable for charitable activf(ies (see note 6) 657,101 345,652 142,640 3,968 1.149,361 2.096,421 Analysis by fund Restricted funds 657,101 345,652 142,640 3,968 1,149,361 2,096,421 Previous year: Advoca¢yParti¢ipation Policy Voice Building Project 2023 Totsl 2023 2023 2023 2023 Grants receivable for charitable activities {see nole 6) 636.715 347,990 141,705 970.011 2,096,421 Analysis by fund Restricted funds 636.715 347,990 141,705 970.011 2.096,421 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Rental income Interesl receivable 4,556 11,323 1,405 15,879 1,405 -24-
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grants receivable for Charitable activities 2024 2023 Atlantic Philanlhropies Belfast City Council BHSCT Building grant received {DFC, DOH, DFE) Children in Need Community Foundation Deparlment for Communities DOH DOH Care Day DOH Core Funding Erasmus+ Esmee Fairbaim Everun Garfield Weston Include Youth Include Youth Building Nalional Lottery Community Fund Dormant Accounts Fund Nl NHSCT Nl Guardian Ad Litem Agency Paul Hamtyn Foundalion Secure Care Project strategic Planning and Perfonnance Group Lot 1 Strategic Planning and Performance Group Lot 3 The Clothworkers Foundation Tudor Trust Ulster Garden Villiage 150,000 3,377 56,999 472,611 24,197 11,332 5,256 53,114 5,000 41,179 8,375 12,000 10,000 140,000 8,520 1,500 58,999 5,000 20,590 82,000 8,103 3,967 130,555 85,800 170,436 14,374 5,940 8,750 4,300 562,502 171,355 562,502 149,749 37,400 110,000 50,000 1,149,361 2,096,421 -25-
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Description of charitable activities The charity continues to remain focused on its main charitable objectives of., Advocacy, participation, policy voice. Iraining and education. These charitable objectives are described in more detail below.. Advocacy and Awareness*aising We raise awareness of the rights of children and young people. their views and exPerienS living in and leaving care, and their priorities for change. Making Connections and Capacity Building We connect young people wilh a lived experience of care with their peers. We hosl regular groups, participation forums and activities that build self-confidence. personal. social and life skills, whilst making new connections and friends. Independent Advocacy and Advice SeThice We support young people to exercise their rights by providing assislance to- participate in decision making processes, express their views and concems. access infomiats'on, resolve issues or to identify available support oplions. Youth Participation and Coproduction We help children and young people to find their voice and set their own agenda for change. We create a culture of listening that enables children and young people to influence the world around them. Our programmes equip and prepare young people to take part in co-production aclivities. Influencing Change through Policy Advocacy We use our specialist knowledge and insight into the views and eXperienS of children, young people, we work in partnership with them to influence the development of legislation, policy and practice. -26-
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VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Govemance costs costs 2024 2023 Basis of allocation Rent and rates Insurance Heat and light Maintenance Recruitment Staff training other slaff costs Print, post & stationery Telephone IT support Bank charges Subscriptions Hosting and PR Corporate services Sundry office expenses 17.686 11.484 10.949 17.346 7.273 20.421 14.950 9.295 9.847 10.038 154 1.410 10.611 26.608 17,363 17,686 11,484 10,949 17,346 7,273 20,421 14,950 9,295 9,847 10,038 154 1,410 10.611 26,608 17,363 39,462 Useage 9,540 Useage 12,370 Useage 16,833 Useage 3,058 Useage 14,016 Useage 11,464 Useage 14,959 Useage 9,353 Useage 12,657 Useage 143 Useage 1,049 Useage 23,800 Useage 29,304 Useage 12,283 Useage Audit and accountancy fees Governance 6.900 6,900 6,600 185.435 6.900 192,335 216,891 Analysed between Charitable activities 185.435 6.900 192,335 216,891 10 Net movement in funds 2024 2023 The net movement in funds is ststed after chargingl{crediting)= Fees payable for the audit of the charity's finanual statements Depreciation of owned tangible fixed asset5 Loss on disposal of tangible fixed assets 6,900 41.515 204 6,600 31,156 11 Directors None of the directors (or any persons connected wf(h them) received any remuneration or beneffls from the company during the year. During the year a company. of which Ms E Dohety is a director, made a donation to the charitable company of £10,00012023- £nil). -29-
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employees The average monthly number of employees during the yearwas.. 2024 Number 2023 Number 23 23 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 795,931 67,146 45,471 717,990 74,787 41,863 908,548 834,640 The charity considers its key management personnel to comprise of the Board of Direclors, Ihe Chief Executive. the Children's servIs Manager, Resour Manager and the Engagement Manager. The total employment benefits including employer pension contributions of the key management personnel were £178,543 {2023- £188.3001. There were no employees whose annual remuneration was £60,000 or more. 13 Taxation The charity is exempt from tsxation on ils aclivities because all its income is applied for charitable purposes. -30-
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Tangible fixed assets Land & Leasehold Flxtures and bulldlngs Improvements flttlngs Total Cost At 1 April 2023 Additions Disposals 1,175,126 {94,3401 23,780 32,069 47,531 (2,435) 1,230,975 {46,8091 (2,435) At 31 March 2024 1,080,786 23,780 77,165 1,181,731 Depreciation and irnpaient At 1 April 2023 Deprecialion charged in the year Eliminated in respect of disposals 52,606 21,616 23,780 12,639 19,899 12,231) 89,025 41,515 12,231) At 31 March 2024 74,222 23,780 30,307 128,309 Carrying amount At 31 March 2024 1.OC6,564 46,858 1,053,422 Al 31 March 2023 1.122,520 19,430 1,141,950 Freehold land and buildings represents the charity's share of the purchase and redevelopment costs of a property that is owned joinlty with another charity. 15 Fixed asset investments Unlisted investments Cost or valuation Al 1 April 2023 & 31 March 2024 Carrying amount At 31 March 2024 At 31 March 2023 The charity holds 50% of the issued share capilal in a joint venture company Vi-able Corporate Services Limited IWI-ablel. 16 Debtors 2024 2023 Amounts falling due within one year: Other debtors Prepayments 182,155 9,468 183,115 9,694 191,623 192,809 31
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Creditors: amounts falling due within one year 2024 2023 Notes Bank overdrafts Other borrowings Trade creditors Other creditors Accruals 19 19 4,230 6,174 51,681 1,536 36,547 8,752 5,092 3,824 168,240 100,168 185,908 18 Creditors: amounts falling due after more than one year 2024 2023 Borrowings 19 110,393 80,868 19 Loans and overdrafts 2024 2023 Bank overdrafts Other borrowings 4,230 116,567 8,752 85,960 120,797 94,712 Payable within one year Payable after one year 10,404 110,393 13,844 80,868 Amounts included above which fall due after five years.. Payable by instalments 82,372 60,499 20 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined conthbution schemes 45,471 41,863 The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. -32-
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Restricted funds The restricted funds of the chanty comprise the unexpen(led balances of donations and granls held on trust subject to speafic conditions by donors as to how they may be used. Movement in funds Incoming Resou¢ Balance at resources expended 1 April 2023 Movement in funds Incoming Resoue3 Balance at resource5 expended 31 March 2024 8alan¢e at 1 April 2022 Building project ImislIaneouS fundersl Belfast City Counc41 BHSCT 216,074 970,011 (271.703) 914,382 3.967 125,4831 892,866 3.377 56,999 13.37n {56.994) 1.500 58,999 11.5001 158,3371 4,724 4,729 5,391 Children in Need Next Steps Community Foundation 881 24.197 {25.078} 3,893 7,832 19,685) 2,040 12,0401 t)OH Cole Funding DOH TSP training Erastnus+ Esmee Fairbaim 2.615 450 41.179 {41.179) 2.615 450 20.590 123.2051 14501 11.6881 168,5961 2.449 1,123 8.375 12,000 17.885) 1950) 2.939 12,173 1.251 25,577 82,000 Se(xJre ResearGh Care Project Strategic Planning and Perfornian Group Lot 1 SlrategiG Planning and Perfortnan Group Lot 3 National Lottery Community Fund tk)rmantAccounts Fund Nl 5.431 1875) 4.556 4.300 12.6681 6.188 94,014 562,502 {575.109) 81,407 562.502 1629,7431 14,166 9.567 202.863 {195.223} 17.207 171.356 1180.4201 8.143 22,979 170,436 1182.679) 10,736 130.555 1140,9201 371 85.800 123.0611 62.739 1,519 5.940 7,460 NIGALA 1,519 1,519 NIGALA Forums Paul Hamlyn Act Foi Change NHSCT Pilot 5.940 8,750 133 1133) {34.6571 11,2901 17.7111 12,8091 42.368 7.711 14,374 14,374 11,565 Other ReslriGted Funds 1.854 22.276 {18.768} 5.362 13.102 116.8891 1.575 410.074 2.096.421 11.424.295) 1.082.200 1.149.361 11.186.810) 1.044.751 -33-
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Restricted funds {Continued BUILDING PROJECT To enable the purchase of new premises at 100 Great Patrick Street and to support the ongoing renovation projecl of same. This includes funding received from Everun for solar panels and The Clothworkers Foundation for equipment and fittings for sensory room. BELFAST CITY COUNCIL This was a summer community grant which provided funding for young people's summer activities. BHSCT A direct advocacy service to children and young people accommodated in Beechcroft. CHILDREN IN NEED- NEXT STEPS To work in partnership with young people and engage with children in care on the impacl of Covid and design standards for participation. COMMUNITY FOUNDATION To deliver a coaching, mentoring support and a bursary to support young people aged 16-25 who are in or have left care. DOH Contributions loward the cost of Care Day. DOH CORE FUNDING To enhance our policy advocacy work and ensure children and young people are central to the development of legislation, policy and pradice. DOH TSP Training Training support programme for voluntary and communty sector. ERASMUS+ The project aims lo support young children's participation in child welfarelproteclion services by strengthening professional collaboration wilh children aged 12 years and under. ESMEE FAIRBAIRN To deliver and develop a corporate parenting training programme, co-designed with and delivered by care experienced young people lo agencies supporting them. to reduce barriers and inequalities faced by children in care and care leavers. SECURE RESEARCH CARE PROJECT To facilitate a study lo invesligale good practice in secure care. STRATEGIC PLANNING AND PERFORMANCE GROUP (SPPG) The provision of advocacy seNices for looked after children, aged 10- 17 and care experienced young people aged 18-21 years across Northem Ireland. Support for education, training and employment needs of looked after and care experienced young people across Northem Ireland. Recruitmenl and ongoing support of a young people's reference group for Ihe review of children's social service.
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Restricted funds {Continued NATIONAL LorrERY COMMUNITY FUND 'See me, Hear me, project will provide advocacy. coaching and communtty mentors for vulnerable young people who have left care. The programme also provides opportunities tor children and young people to take part in lead on social aclion projects. DORMANT ACCOUNTS FUND NI To fund Ready Steady Resilient, to improve VOYPIC'S long tenn sustainability, resilien, and capacity. NIGALA To support annual conference. NIGALA FORUMS To provide a parlicipation forum programme. PAUL HAMLYN - 5 NATIONS ONE VOICE (5NIV) Funding to support 5 nations CEO meetings. ACT FOR CHANGE Paul Hamlyn & Esmee Fairbaim matched by # 1111 fijnd to support 'Shake it Off programme which tackles stigma in care and social justice. NORTHERN HEALTH AND SOCIAL CARE TRUST (NHSCT) PILOT To provide independent advocacy support to young people who were involved in child prolection case conferences. OTHER RESTRICTED FUNDS Included in Other Restricted Funds are the following.. Include Youth Reimbursement of expenses related to share premises in Baltymena & Dery. Care Day DFC Job Start Job Slart scheme which provides jobs for young people at risk of long-temi unemployment. Community Foundation Young Reps Funding awards towards training costs for Young Reps Forum. -35-
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VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Analysis of net assets between funds Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Fund balances at 31 March 2024 are represented by.. Tangible assets Investmenls Current assetsllliabilities} Long temi liabilities 25,167 1.028,255 1.053.422 26.286 1,115,664 1,141,950 382,050 126,889 508.939 {110,393) (110,393) 483.193 (80,868) 133,4641 449,729 {80,868) 407,218 1,044,751 1,451,969 428,612 1,082,200 1,510,812 24 Financial commitments. guarantees and conlingent liabilities A contingent liability exists to repay grants received in relation to capital building costs should certain condilions not be fulfilled by the charity- In this regard charges have been registered by The Departmenl for Communiiies who partly financed the building works. A legal charge dated 15 Dember 2022 in favour of The Department of Cornmunities is held over the property at 100 Great Patrick Street, Bewast, BT1 2LH. This charge is in respect of funding received for the development of the property. 25 Operating lease commitments Lessee At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows= 2024 2023 Within one year Beeen two and five years 1.766 3,091 41,671 21,175 4,857 62,846 26 Share Capital The company is limited by guarantee and has no share capital. The liability of the members is limited to £1 per member. 27 Contingent Liability A legal charge daled 15 December 2022 in favour of The Departmenl of Communities is held over the propety at 100 Great Patrick Street. Belfast. BT1 2LH. This charge is in respect of funding received for the development of the property. -37-
VOICE OF YOUNG PEOPLE IN CARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 28 Related party transactions li) Control The charity was under the control of the Board of Directors throughout the year. lil) Vi-able Corporate Services Limited The charity holds 50% of the issued share capital in a joint venture company Vi-able Corporale Services Limited (Wi-able). During the year Vi-able charged the charity £41,673 (2023 - £32,351) for the provision of corporate setvices. During the year Vi-able occupied offices at 100 Great Patrick Street, Belfast a property jointly owned by the charity and Indude Youth. wtth rent and service charges receivable by the charity of £4,55612023- £nill. At Ihe year end there was a debtor balance owing from vable Corporate Services Limited of £13,933 (202> £10,517). 29 Cash generated from operations 2024 2023 (Deficit)Isurpus for the year (58.843) 685,244 Adjuslments for.. Investment income recognised in statement of financial activits'es Donaled assets Loss on disposal of tangible fixed assets Deprecialion and impaimient of tangible fixed assets (15,879) 11,405) {472,611) 204 41.515 31.156 Movements in working capital= Decreasellincreasel in debtors Increasel(decreasel in creditors (Decrease) in deferred income 1,186 35,219 {90,3501 (4,526) (290,000) Cash generated froml(absorbed by) operdtions 3,402 (142,492) 30 Analysis of changes in net funds At 1 April 2023 Cash floA¢qui¥lt1Qn¥ andAt 31 March 2024 disposals Cash at bank and in hand Bank overdrafts 442,828 {8.7521 (25,344) 4,522 417,484 14,230) 434.076 (20,822) 413,254 Loans falling due within one year Loans falling due afler more than one year {5.0921 (80.868) 33,918 (29,525) {35,0001 16,174) {110,393) 348,116 (16,429) (35.0001 296,687 -38-