KOINONIA JOHN THE BAPTIST IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022 ( A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER N1620346 CHARITY REGISTRATION NUMBER NIC 100127 O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB
KOIIYONIA JOHN THE BAPTIST IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEvfEMBER 2022 CONTENTS Page Officers and other inforniation Trustees Report Statement of Directors Responsibilities (in respect of the financial statements) Report of the Independent Accountants to the Members, Accounting Policies Statement of Financial Activities (incorporating the income and expenditure account) Balance Sheet Notes to the Financial Statements 10-15
KOINONIA JOHN THE BAPTIST IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022 OFFICERS AND OTHER INFORMATION Directors Margaret Ann Magorrian Patrick Joseph Magorrian Anne Mitchell Christine Sawey Secretary Cathy Gilligan Reglstered Office 189 Carnlough Road Broughshane Ballymena BT43 7JW Accountants O'Hara Shearer Chartered Accountants & Statutory Auditors 547 Falls Road Belfast. BTI 19AB Bankers Bank of Ireland 364 Lisburn Road Belfast, BT9 6GL Company Registration Number N1620346 Charity Registration Number NIC 100127 Page I
KOINONIA JOHN THE BAvfIsT IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER2022 REPORT OF THE DIRECTORS The directors present their report together with the audited financial statements for the year ended 30 September 2022. The directors confinn that they have adopted the provisions and comply with the requirements of the Charities Act (Northern Ireland) 2008 and Accounting and Reporting by Charities: Statement of Recommended Practice which applies to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015). The charity is a charitable company limited by guarantee and was incorporated on 10th September 2013. In June 2014 revised Articles of Association were submitted to the Charities Commission Nl and approved by them. Koinonia John The Baptist Belfast was registered as a Charity in Northern Ireland in November 2014, registration number NIC 100127. Koinonia John The Baptist Ireland is governed by a memorandum and articles of association. Koinonia John The Baptist Belfast registered it's name change to Koinonia John The Baptist Ireland on I Ith November 2019 at Companies House. Principal Activities The principal activity of the organisation is to be a model of Christian communion and the lived experience of Gospel values. To respond to the call to spread the Good News of the Gospel in the neighbourhoods of its members and society in general. Results The net incoming resources for the year was £399,531 (2021: Outgoing £45,157). Directors Directors who served the cofflpany during the year wer¢ as follows: Margaret Ann Magorrian Patrick Joseph Magorrian Anne Mitchell Christine Sawey Accountants The accountants, O'Hara Shearer, Chartered Accountants & Statutory Auditors have expressed their willingness to continue in office. and . a resolution will be proposed at the Annual General Meeting in accordance with Section 485 of the Companies Act 2006. Small company exemptiolls This report has b¢en prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Signed by order of tbe dire tor CATHY GILL GAN COMPANY SECRETARY Approved by the directors on 28th May 2023 Page 2
KOINOIYIA JOHN THE BAPTIST IRELAIYD FrfANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022 STATEMENT OF DIRECTORS RESPONSIBILITIES The directors are responsible for preparing the Directors, Report and the financial ststements in accordance with applicable law and regulations. Company Law requires the directors to prepare financial statements for each financial year. The Trustees, who are also directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 30th September 2022. The Trustees confinn that they comply with the requirements of the Charities Act (Northern Ireland) 2008 and Accounting and Reporting by Charities.. Statement of Recommended Practice which applies to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the sutplus or deficit of the company for that period. In preparing those financial statements, the directors are required to: select suitable accounting policies and then apply them consistently. - make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the directors are aware: there is no relevant audit inforniation of which the company's auditor is unaware. and the directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit infom]ation and to establish that the auditor is aware of that infomiation. By order of the board: MAR ARET MAGO DIRECTOR IAN CHRISTINE SAWEY DIRECTOR Date: 28th May 2023 Page 3
KOINONIA JOHN THE BAPTIST IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022 ACCOUNTAwf's REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2014 we have compiled the financial inforniation of Koinonia John the Baptist Ireland which comprises the Statement of Financial Activities, the Balance Sheet and the related notes from the accounting records and inforniation and explanations you have given to us. This report is made solely to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements the we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our worK or for this report. It is your duty to ensure that Koinonia John The Baptist Ireland has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and net income or expenditure. You consider that Koinonia John The Baptist Ireland is exempt from the statutory audit requirement for the year. Scope of Work As a fimi regulated by Chartered Accountants Ireland our work will be carried out in accordance with the Miscellaneous Technical Statement No. 41 Chartered Accountants, Reports on the Compilation of Financial Statements of Incorporated Entities and ISRS 441 O International Standard on Related Services - Compilation Engagements. In carrying out this engagement we have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements. We have not been instructed to carry out an audit or a review of the financial statements of Koinonia John The Baptist Ireland. For this reason, we have not verified the accuracy or completeness of the accounting records or infomiation and explanations you have given to us and we do no( therefore, express any opinion on the statutory financial statements. LAWRENCE SHEARER F.C.A., Senior Statutory Auditor FOR Al ON BEHALF OF O'HARA SHEARER, Statutory Auditor O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB DATE: 28th May 2023 Page 4
KOINONIA JOHN THE BAvfIsT IRELAND FINANCIAL STATEMENrs FOR THE YEAR ENDED 30TH SEPTEMBER 2022 STATEMENT OF AcCourING POLICIES Accounting Convention and Basis of Accounting The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard which applies in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2014. Income Recognition Income is recognised when the Charity has entitlement to the funds, any perforniance conditions attached to the item(s) of income have been meL it is probable that the income will be received and the amount can be measured reliably. Interest Receivable Interest on funds held is included when receivable and the amount can be measured reliably. this is nomlally upon notification of the interest paid or payable by the Bank. Resources Expended All expenditure is accounted for on an accruals basis and is classified under headings that aggregate all costs related to the category. Fundraising costs include the costs of advertising, producing publications, printing and mailing fundraising material, and staff costs in these areas. Costs of charitable activities include direct expenditure incurred through operational activities. Governance costs represent the costs associated with the governance aangements of the charity which relate to the general running of the charity as opposed to those costs associated with fundraising or charitable activity. Fixed Assets All tangible fixed assets are recorded at cost. Page 5
KOINONIA JOHN THE BAPTIST IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEpfEMBER 2022 STATEMENT OF ACCOUNTING POLICIES Conlinued Depreciation Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives at the following rates: Land and Buildings Property refurbishment Fixtures and fittings Computer equipment Motor vehicles 2 % Straight line IOO/o Straight line IO% Strdight line 25 /0 Straight line 25 % Straight line Repairs and Renewals All repairs and renewals are written off as incurred Pension Costs The charity does not CUentlY operate a pension scheme. Debtors and Prepayments Trade debtors and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nomially recognised at their settlement amount after allowing for any trade discounts due. Financial Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Foreign Currencies Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net movement in funds. Page 6
KOINONIAJOHN THE BAIYIST IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022 STATEMENT OF ACCOUNTING POLICIES Conlinued Fund Accounting Unrestrtcted funds are general funds that are available for use at the Trustees, discretion in rtherance of the objectives of the charity. Designated funds are unrestricted funds set aside by the trust¢¢s out of unrestricted funds for specific future puryoses. Restricted funds are those given for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Reserves Poliey Unrestricted funds are needed to provide funds which can be applied to specific projects to enable these projects to be undertak¢n at short notice and to cover the running costs of the Charity for a limited perio(L should there be a significant shortfall in projected income. The Directors consider it prudent that unrestricted reserves should be sufficient to avoid the necessity of realising fixed assets held for the Charity's use. Page 7
KOINOYYIA JOHN THE BAPTIST IRELAIND STATEINIENT OF FINAINCIAL AcfiN'ITIES FOR THE I'EAR EDED 30TH SEPTEMBER 2022 inco ratin the income and ex enditure account Unrestricted Restricted Endownment TOTAL TOTAL FUd5 Funds Funds 2022 2021 NOTES INCOfvIE AND ENDOWNMENTS FROM: Donations and legacies In¢ome fTOtn investments Income from charitable activities Income fiom other tradsng activities 89.409 89,409 114.466 408 18,361 18,769 17,950 TOTAL IIYCOlklE AND ENDOWNMENTS 89J17 18J61 108.178 132,418 EXPENDITURE or4: Expenditure on raisiTJg fullds Expenditure on charitabl¢ activitie5 Other expenditure Net {gainsylosses on investments 158.478 22,016 180,494 87,261 471.847) (471,847) TOTAL RESOURCES EXPENDED (313.369) 22.016 (291.353) 87,261 NET INCOfvIEI(EXPENDITURE) 403,186 {3,655) 399,531 45.IS7 Transfers b¢tween funds {3J94) 3J94 NET MOVEL¥IENT IN FUNDS 399,792 {261) 399,531 45,157 RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD 112.592 261 112.853 67,696 TOTAL FUNDS CARRIED FORIVARD 512J84 512J84 112,853 The Statement of Financixl.4ctiTr'ilies includes 911 gains and losse5 in the year and therefore a Statement ofTotal RecogMi5td Gains and Los$e5 ha$ Doi bttn prepared All of the above mounts rela¢t to eOntIVing activities The ateompAyithg ictounlillg lItieS the wtes Ivrm part ofthe5e finaDcial statements Page 8
KOINONIA JOHN THE BAPTIST IRELAND BALANCE SHEET AS AT 30TH SEPTEMBER 2022 2022 2021 NOTES FIXED ASSETS Tangible assets 45,616 15,701 CURRENT ASSETS Debtors and prepayments Cash at bank Cash in hand 10 3,500 93,923 406 466,364 1,946 468,310 97.829 Creditors: amounts falling due within one year 12 (1,542) (677) NET CURRENT ASSETSI(LIABILITIES) 466,768 97,152 TOTAL ASSETS LESS CURRENT ASSETSI( LIABILITIES ) 512,384 112,853 Creditors: amounts falling due after more than one year NET ASSETSI(LIABILITIES) 512J84 112,853 FUNDS: ENDOWNMENT FUNDS UNRESTRICTED INCOME FUNDS 14 512J84 112592 RESTIUCTED INCOME FUNDS 15 261 512J84 112,853 These financial statements were approved by the directors on 28th May 2023 and are signed on their behalf by: MARG RET MAGO DIRECTOR CHRISTINE SAWEY DIRECTOR DATE 28th May 2023 DATE 28th May 2023 The a¢companying accounting polieies and notes forni part ofthese financiol statements Page 9
KOINONIA JOHN THE BAPTIST IRELAND r40TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEI¥IBER 2022 I. DONATIONS AND LEGACIES Unres¢rieted Restri¢ted Funds Funds Unrestricted Restricted Fllnds Funds 2022 2021 Donations Legacies 89,409 89.409 114.466 114,466 89.409 89.409 114,466 114.466 2. INCOME FROM INVESTMENTS Unrestricted Restricted Fwnds Fullds Unrestricted Restricted Funds Funds 2022 2021 Income from UK listed investtnent5 Income from cash 3. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Fund5 Funds Unrestrieted Restricted Funds Funds 2022 2021 The Executive Office.. T..Buc Programme Education Authority.. SuTnmer Jat Education Authority.. Cooking Equipment Education Authority.. Generic Departmcnt for Comtnunities The New Evangelisalion Trust 15.000 15,000 7,500 6,000 2,450 2,000 7,500 6,000 2,450 2.000 3.361 3.361 408 408 408 18,361 18,769 17,950 17,950 4. INCOME FROM OTHER TRADING AcfiviTIES Unrestricted Restricted Funds Funds UnrestTlCted Restricted Funds Funds 2022 2021 Fundraising Page 10
KOINONIA JOHN THE BAPTisf IRELAIND NOTES TO THE FIN.4INCI.4L &r.4TE%IEYrs FOR THE YEAR ENDED JOTH swvfF)IBER2022 5. EXPEIYDITURE ON RAISIIYC FUNDS Unrestricted Rc5tri¢itd Unres¢ri¢ted Restri¢¢ed Fynd$ Fllnd$ 2022 2021 Promotional and fundraising ¢osts 6. EXPENDITURE ON CHARITABLE ACTIVITIES Uure5tri¢ted Restrltted Fumds Uttrestrleted Restrltted Ftsnds Fttnds 2022 2021 KOIiYONIA COSTS- BRAID St Patrick's Parish Rent Light and heat Insurance Printing, Fx)siage, ststionery and rr costs Repairs and maintenance Household ¢osis Advertising Telephone Hire of fa¢ilities Motor expen5e5 Flights, accommodation and travel SubscriptlOT15 and li¢en¢es Bank and interest ¢harges 42 3.930 4.2(Xl 3.930 3,8(M) 584 957 1,332 10.783 3.800 957 1,332 10.783 340 14.837 25 .525 135 5.143 14.837 25 .525 135 5.143 1.304 480 7,839 176 1,687 108 1.304 480 7.839 176 1,687 108 448 i?0 448 120 3J250 33250 30,703 30,703 KOINONL4 cosrs Tithe Isede Ateneo Course fees 57,518 3,857 57.518 3.857 10.8(Xl 3236 10,800 3,236 61J75 61 J75 14.1136 14.036 KOINONIA COSTS- OTHER Books and ctsurses Hospitality Motor expenses Gifts and donations Youth and childrens ministry Fearless Youth Mid and east antrim festiva] Conference fees Euro costs- gifts and COUT5e fee5 Euro costs- travel and sub51slence Flsghis, accoMmallOn and trdvel Subscripiions and liCCeS 330 956 330 956 18.732 18.732 5.325 339 5,325 339 17.689 18.655 18.655 1.766 17.689 1.766 940 2?0 1.239 262 940 220 1,239 262 15.145 279 15,145 279 37.208 1&6ii &325 17.689 2fi014 CENTIUL ADI¥IINISTRATION cosrs In5uran¢e Light and heat and water rat¢s- Upper Crescent Pretni5es WateT rates reimbursement- Uprtr Crescent Premise5 Repairs and maintenance- Upw Crescent Premi5e5 Capital equtpment costs Computer costs Printing, postage and siatjonery Advertising Hire of facilitjes 3,289 2.575 3289 2.575 2,969 729 2.969 729 569 569 3.361 388 2.191 2,191 3J61 388 290 31 777 ?59 50 777 259 50 31 7,142 3J61 10503 &975 6.975 138.975 22,016 160,991 60.039 17,689 77,728 Support Costs A Thd Governance costs Aceounianl's remun¢Tation Other professional f¢¢s Bank iniere5t and charg 1.54? 13.445 6?5 1.542 13.445 6?5 774 3.020 367 774 3.026 J67 Profirl1055 on ex¢hange Depreciation 661 3.891 3,891 4.705 19503 I9J03 9533 9.533 TOTAL EXPENDITURE ON CHARITABLE ACtIV[Es 15&478 22,016 180.494 69572 17.689 87.261 Pag¢ll
KOINONIA JOHN THE BAPTIST tRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022 7. NET {OUTGOING)/ INCOMING RESOURCES FOR THE YEAR This is stated after charging/(crediting) 2022 2021 Accountants remuneration Depreciation 1,542 3,891 774 4,705 8. SALARY COSTS AND EMOLUMENTS 2022 2021 Total staff costs were as follows: Wages and salaries - key management personnel Wages and salaries - other stsff Employer social security costs - key management personnel Employer social security costs - other staff Employer social security costs - Employment Allowance The average tnonthly number of employees during the year was as follows: 2022 Number 2021 Number No employees had enioluments in excess of £60,000 {2021: £Nil) Trustees, remuneration and benefit5 There were no trustees, remuneration or other benefits for the year ended 30th September 2022. (2021: £Nil) One of the charity trustee's is a consecrated stster who is required to live at The Braid by religious vows to perforni pastoral duties, and, not as a result of their trustee role. In perfonning these pastoral duties the trustee receives communal accommodation and sustenance at no cost. Trustees, Expenses There were no trustees, expenses paid for the year ended 30th September 2022. (2021: £Nil) Page 12
KOINONIA JOHIY THE BAPTIST IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR Ef4DED 30TH SEPTEMBER 2022 9. TANGIBLE FIXED ASSETS Land & Buildings Refurbishment Fixture5 & Fittings Computer Equipment Motor Vehicles Total COST As at 1st October 2021 7.668 9.436 3,300 11.600 32,004 Additions Disposals 36,619 339 36,958 {7,668) (7,668) A5 at 30th September 2022 36.619 9.436 3,639 11,600 61,294 DEPRECIATION As al 1st October 2021 4,516 3.701 3,253 4,833 16.303 Charge for year Eliminated on disposal 944 47 2.900 3.891 (4,516) (4.516) As at 30th September 2022 4,645 3.300 7,733 15,678 Net book value 2022 36.619 4.791 339 3,867 45,616 Net b)ok value 2021 3.152 5,73) 47 6.767 15,70I Page 13
KOINONIA JOHN THE BAvfisT IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022 10. DEBTORS." AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Debtors Prepayments 3,500 3,500 11. CASH AT BANK 2022 2021 Bank of Ireland- Main Current Account Bank of Ireland- The Braid Current Account Bank of Ireland- Euro Current Account Bank of Ireland- Grants Current Account Bank of Ireland- Premium Business Reserve Account 458,955 170 87,740 2,280 7,239 3,903 466,J64 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Bank of Ireland Business Visa Card Accruals and deferred income (97) 774 1,542 1,542 677 13. MOVEMENT IN FUNDS Opening Balanf e In¢oming Resources Outgoittg Resources Transfers between funds Net Movement ID Funds 2022 2021 Unrestricted Income Funds 112,592 89,817 3 lJ,J69 (J,394) 399.792 512.384 112,592 Restricted Income Funds 261 18,361 (22,016) {261) 261 112.85J 108.178 291.J5J 399,531 512,384 112,85) Page 14
KOINONIA JOHN THE BAPTIST IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2022 14. UNRESTRICTED INCOME FUNDS 2022 2021 Balance at 1st October 2021 112,592 67,696 Incoming resources for the year Resources expended for the year Transfers between funds 89,817 114,468 313,369 (69,572) (3,394 Balance at 30th September 2022 512,384 112,592 15. RESTRICTED INCOME FUNDS 2022 2021 Balance at I st October 2021 261 Incoming resources for the year Resources expended for the year Transfers between funds 18,361 17,950 (22,016) (17,689) 3,394 Balance at 30th September 2022 261 16. LEGAL STATUS Koinonia John the Baptist Ireland is a Company Limited by Guarantee. Each member has agreed to contribute an amount not exceeding £1 O in the event of a compulsory winding up. Koinonia John the Baptist Ireland is a recognised Charity within the definition of Section 360(3) Income and Corporation Taxes Act 1970 by the Commissioners of the Inland Revenue. Koinonia John the Baptist Ireland is a Charity registered with The Charity Commission for Northern Ireland Charity Number NIC 100127. Date of Registration 8th May 2014. Page 15