KOINONIA JOHN THE BAPTIST IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 { A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL) COMPANY REGISTRATION NUMBER M 620346 CHARITY REGISTRATION NUMBER NIC 100127 O'HARA SHEARER CHARTERED ACCOUNTANTS AND STATirroRY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB
KOINONIA JOHN THE BAPTIST IRELAND FINANCIAL STATEMENrs FOR THE YEAR E,DED 30TH SEPTE_MBER 2023 CONTENTS Officers and other infonnation 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 2023 OFFICERS AND OTHER INFORMATION Directors Margaret Ann Maoorrian Patrick Joseph Magorrian Arnne Mitchell Christine Sawey Secretary Cathy Gilligan Reuistered Office 189 CarnlouJo Road Brouohshane Ballymena BT4J 7JW Accountants O'Hara Shearer Chartered Accountants & Statutory Auditors 547 Falls Road Belfast, BTI19AB Bankers Bank of treland l Donegall Square South BelfasL B TI 5LR Company Reuiistration Number NI 620J46 Charity Registration Number NIC 100127 Page I
KOINONIA JOHN THE BAPTIST IRELAF4D F1Tr4ANCIAL STATEMETr4TS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 REPORT OF THE DIRECTORS The directors present their report together with the audited financial statements for the year ended JO September 202J. The directors confirm 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 Sthndard 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 l Oth September 2013. In Jiine 2014 revised Articles of Association were submitted to the Charities Commission NI and approved by them. Koinonia John The Baptist Belfast was registered as a Charity in Northern Ireland in November 2014, registration numberNIC 100127. Koinonia John The Baptist Ireland is governed by a memorandum and articles of association. Koinonia John The Baptist Belfast registered ivs name change to Koinonia John The Baptist Irelattd on I Ith November 2019 at Companies House. Prillcipal 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 outgoing resources for the year was £8,148 (2022: Incoming £)99,531). Directors Directors who served the company during the year were &s follows: Margaret Ann Ma(Torrian Patrick Joseph Magorrian Anne Mitchell Christine Sawey Accountajjts The accountants, O'HaTa 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 compally exemptions This report has been prepared in accordance with the speciaI provisions for small companies under Part 15 of the Companies Act 2006. ned y order CATHY G COMPANY SECRETARY Approved by the direetors on 19th M2y 2024 Page 2
KOINONIA JOHN THE BAPTIST IRELAJYD FINANCIAL STATEMENTS FOR THE YEAR EI¥DED 30TH SEPTEMBER 2023 STATEMENT OF DtRECTORS REsPONsIBILIEs The directors are responsible for preparing the Directors, Report and the financial statements 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 pu4)oses of company law, present their report and the financial statements of the charity for the year ended 30th September 2023. The Trustees confim] that they comply with the requirements of the Charities Act (Northem Ireland) 2008 and Accounting and Reporting by Charities: Statement of Recommended Practice which applies to charities preparino their accounts in accordance with the Financial Reportin(y Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015)- Under company law the directors must not approve the finaT]cial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surylus or deficit of the cotnpany for that period. In preparing those financial statements, the directors are required to: select suitable accouT]tintr ¥ policies and then apply them consistently- - make judgements and estimates that are reasonable and prndent. 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 information of which the company's auditor is unaware. and - the directors have taken all steps that they ought to have taken to make theTnselves aware of any relevant audit information and to establish that the auditor is aware of that information. By order of the board: GARET IVIA DtRECTOR CHIUSTJJYE SAWEY DIRECTOR Date: 19th May 2024
KOINONIA JON THE BAPTIST IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH sEPTE1BER 2023 ACCOUNTAiYf's REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAifDITED STATUTORY FINANCIAL STATElENTs In accordance with the encra(Tement 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 cornprises the Statement of Financial Activities, the Balance Sheet and the related notes from the accounting records and infonnation 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 en(yaoement. 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 aoreed to state to them in this report and for no other purpose. To the fvllest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Director5, as a body, for our work, or for this repo It is your duty to ensure that Koinonia John The Baptist Ireland has kept adequate accountino 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 firm 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 Cotnpilation of Financial Statements of Incorporated Entities and ISRS 4410 International Standard on Related Services Compilation Engagements. In carryino out this engagement we have complied with the ethical ouidance laid down by the Institute relatino to members undertaking the compilation of financial statements. We have not been instructed to carry out an audit or a review of the financial stateinents of Koinonia John The Baptist Ireland. For this reason, we have not verified the accuracy or completeness of the accounting records or infonnation and explanations you have uiven to us and we do not, therefore, express any opinion on the statutory financial statements. LAWRENCE SHEARER F.C.A., Senior Statutory Auditor FOR AND ON BEIL4LF OF O'HARA SHEARER, Statutory Auditor O'IL4RA SHEARER CIL4RTERED ACCOUNTANTS AND STATUTORY AUDITORS 547 FALLS ROAD BELFAST BTII 9AB DATE.. 19th May 2024 Page 4
KOINONIA JOHN THE BAPTIST IRELAND FANCIAL STATE.MENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 STATENT OF AccoifNTING POLICIES AceountiniF 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 Reportino Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2014. Income Recognition Incoille is reco.(mised when the Charity has entitlement to the fvnds, any performance conditions attached to the item(s) of income have been mel it is probable that the incotne 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 nonnally upon notification of the interest paid or payable by the Bank. Resources Expellded All expenditure is accounted for on an accruals basis and is classifjed under headings that aggregate all costs related to the category. Fundraisintr 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 opeiational activities. Governance costs represent the costs associated with the governance arrangements of the charity which relate to the oeneral runnin(T 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 STATE.MENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 STATEMENT OF ACCOUNTING POLICtES Continued 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 fittinos Computer equipment Motor vehicles 20/0 Straight line 10 % Straight line I 00/0 Straight line 25 /0 Straight line 250/0 Strai<Fht 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 recodo iised 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 obliqation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle tlie obligation can be measured or estimated reliably. Creditors and provisions are nonnally 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. Foreion 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 forei.(m currencies are translated into sterling at the rate of exchanoe ruling at the date of the transaction. Exchange differences are taken into account in arrivintr at the net movement in funds. Page 6
KOINONIA JOHN THE BAPTIST IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 STATEMENT OF ACCOUNTING POLICIES Contlnued Fund Accounting Unrestricted fun(ts are oeT2eral funds that are available for use at the Tnjstees, discretion ill furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside by the trustees out of unrestricted funds for specific future purposes. Restricted funds are those oiven for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Reserves Policy Unrestricted funds are needed to provide funds which can be applied to specifjc projects to enable these projects to be undertaken at short notice and to cover the running costs of the Charity for a limited period. should there be a significant shortfall in projected income. The DiTectOTS cons?der it prudent that unrestricted reserves should IK sufficient to avoid the necessity of realising fixed assets held for the Charity's use. Page 7
kOlNONIA JOHN THE BAFfisT IREL.4.ND ST.4TEfvIEwf OF Flh'.4.NCI.4L .4crii'iTIES FOR THE YEAR ENDED 30TH SEvfEMBER 2023 inco oratinu the income and ex enditure account Ullre5tricted Restricted Endownment TOTAL TOTAL Fumds Funds Funds 2023 2022 NOTLS INCOME AND ENDOWNMENTS FROM.. Donations and legacies Incotne from investments Income from charitable activities Inoome from other trading activities I li.549 I lJ,549 89,409 2,400 2,400 18,769 TOTAL INCOfvIE AND £NDOWNfvlETrtrs 113549 2.400 l li,949 108,178 EXPENDITURE ON: Expendilure on raising funds Expenditure on charitable activities Other expenditure Net (gainsylosses on investments 120,766 124,097 180,494 {471.8471 TOTAL RESOURCES EXPENDED 120,766 124.097 (291,)53) NET INcolE/(ExPE,DITuRE) 17.217) {931) {8,148) 399,)31 Transfers between funds (931) 931 NET IVIOVENJIENT IN FUNDS (8,148) 18,148) 399,531 RECONCILIATION OF FUNDS TOTAL FUNDS BROUCHT FORWARD 512.J84 512.i84 112,8iJ TOTAL FUNDS CARRIED FORWARD 5114236 504,236 512,384 The St2tement of Financial ActtYitAes inelude5 211 gains and losses in the year and therefore a Statement of Total Recognised Gains and Losses has not bttn prepared All of the 4bove amounts rel4te to eoBtiDuino aetivitie5 The ccoMpany12 ietouThtillg polities and the notes fo pirt of these fin8llcial 5thtements Page 8
KOINONIA JOHN THE BAPTIST IRELAND BALANCE SHEET AS AT 30TH SEPTEMBER 2023 2023 2022 NOTES FIXED ASSETS Tangible assets 61,810 45,616 CURRENT ASSETS Debtors and prepayments Cash at bank Cash in hand 10 442,868 466,J64 2,244 1,946 445,112 468,310 Creditors: amounts fallinu due within one year 12 (2,686) (1,542) NET CURRENT ASSETSI(LIABILITIES) 442,426 466,768 TOTAL ASSETS LESS CURRENT ASSETSI( LIABITIEs ) 504,236 512,384 Creditors." amounts fallino due after more than one year NET ASSETS/(LIABILITIES) 504236 512J84 FUNDS.. ENDOWNMENT FUM)S UNRESTRICTED INCOME FUNDS 14 504,236 512J84 RISTRICTED INCOIVIE FUNDS 15 i04,236 512,384 These financial statements were approved by the directors on 19th May 2024 and are si.(med on their behalf by: YL4 CHRISTLNE SAWEY DIRECTOR MARGARET L4G0RRLN DIRECTOR DATE 19th May 2024 DATE 19th May 2024 The gccompanying accounting policies alld note5 forni part of these financial statements
KOINONIA JOHN THE BAPTIST IRELAND NOTES TO THE FINAN'CIAL STATEMENTS FOR THE YEAR ENDED JOTH SEPTEMBER 2023 I. DONA TIONS AND LEGACIES Unrestrtcted Restricted Funds Funds Unrestricted Restrieted Funds Funds 2023 2022 Donations Legacies 13,549 113.549 89.409 89.4(k9 113.549 113.549 89,409 89,409 2. INCOME FROM INVESTMENTS Unrestricted Restricted Funds Funds Unrestricted Restricted Funds Funds 2023 2022 Income from UK listed investments Income from cash 3. INCOME FROM CHAIUTABLE ACTIVITIES Unrestricted Restricted Funds Funds Unrestricted Restricted Funds Funds 2023 2022 Education Authority.. T..Buc Programme Department for Communities The New Evangelisation Trust 2,400 15,000 3,361 15.000 3,361 408 408 2.400 2,400 408 18.361 18,769 4. INCOME FROM OTHER TIL4DING ACTIVITIES Unrestricted Restricted Funds Funds Unrestricted Restricted Fund5 Funds 2023 2022 Fundraising Page 10
KOINONIA JOHN THE BAPTIST IRELAND
NOTES TO THE FINANCI.4L ST.4TEMENTS
FOR THE I"EAR ENDED 30TH SEPTEMBER 2023
a. EXPENDITURE ON RAISING FUNDS
Unrestricted Rtstricted
Fund5
Fllnds
Unttstrirttd Re5tri¢ted
Fund5
Funds
2023
2022
Protnotional and fundrdising cosrs
6. EXPENDITURE ON CHARrrABLE AcfIwTrILs
Unrestritted Restricted
Fufrds
UThrtslricted Restricted
Fund5
Fund5
2023
2022
I
KOINONIA JOHTh THE BAPTIST tRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 li 7. NET (OUTGOING)I J]¥COMtNG RESOURCES FOR THE YEAR ThAS IS Stated after chargino/(creditin<v 2023 2022 Accountants remuneration Depreciation 1,620 4,089 1,542 3,891 8. SALARY COSTS AIYD EMOLUMENTS 2023 2022 Total staff costs were as follows: waeS and salaries - key manatrement personnel Wages and salaries - other staff Employer social security costs - key rnana(Fement personnel Employer social security costs - other staff Eniployer social security costs - EmployTnent Allowance The average monthly number of employees during the year was as follows.. 2023 Number 2022 Number No employees had emoluments in excess of £60,000 (2022.. £Nil) Trustees, remuneration and benefits There were no trustees, ren)uneration or other benefits for the year ended 30th September 2023. (2022.. £Nil) One of the charity trustee's is a consecrated sister who is required to live at The Braid by religious vows to perfom pastoral duties, and, not as a result of their trustee role. In peifomiing 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 2023. (2022.. £Nil) Page 12
KOINONIA JOHN THE BAvfisT IRELAND NOTES TO THE FINANCIAL ST.4TEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 9. TANGIBLE FIXED ASSETS Land & Buildings Refurbishment Fixtures & Fittings Computer Equipment Motor Vehicles Total COST As at 1st October 2022 36,619 3.639 11.600 61,294 Additions Disposals 19,516 767 20,283 As al 30th September 2023 56.13) 9,436 4,406 11.6 81,577 DEPRECIATIO As at 1st October 2022 4,645 3.3(KJ 7,733 15.678 Charoe for yeai. Eliminated on disposal 24) 2.900 4,089 As at Joih September 2023 i.589 3.54) 19,767 Net book value 202) 861 967 61.810 Net ixK)k value 2022 4.791 339 3,867 45.616 Page 13
KOINONIA JOHN THE BAPTIST IRELAND NOTES TO THE FINANCI.4L ST.4TEME.NTS FOR THE YEAR ENDED 30TH SEwfEMBER 2023 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Debtoi's Prepayments 11. CASH AT BANK 2023 2022 Bank of Ireland - Main Current Account Bank of Ireland - The Brwd Current Ac¢ount Bank of Ireland - Euro Cuent Account Bank of Ireland - Grants Current Account Bank of Ireland _ Prerniurn Business Reserve Account 434,014 4i8,95i 1,9)6 170 6,898 442,868 466.J64 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Bank of Ireland Busines5 Visa Card Accruals and deferred income 1,066 1,620 1,542 2,686 1.542 13. MOVEMENT IN FUNDS Opening Balance Incoming Resources Outuoing Resources Transfers between funds Net Movement in Funds 2023 2022 Unrestrieted Income Funds 512,)84 (120,766) (8,148) 5042J6 512,J84 Restricted Income Funds 2,400 (J.)J l) 931 512,i84 115.949 1124,097) {8:1481 504,2J6 512.J84 Page 14
KOINONLA JOHN THE BAPTIST IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 14. UNRESTRICTED INCOME FUNDS 2023 2022 Balance at I st October 2022 512,384 112,592 Incomino resources for the year Resources expended for the year Transfers beilveen funds I lJ,549 89,817 (120,766) 313,369 (931) (3,394) Balance at Joth September 2023 504,236 512,384 15. RESTRICTED INCOME FUNDS 2023 2022 Balance at I st October 2022 261 Incoming resources for the year Resources expended for the year Transfers between funds 2,400 18,361 (3,JJ l) (22,016) 931 3,394 Balance at Joth September 2023 16. LEGAL STATUS Koinonia John the Baptist Ireland is a Company Limited by Guarantee. Each meinber 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 recoonised Charity within the definition of Section J60(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
KOIP40NIA JOHN THE BAPTIST IRELAND NOTES TO THE FINILNCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023 I. DONATIONS & FUNDRAISING INCOME Unrestricted Restricted Fund5 Funds Unrestricted Restricted Funds Funds 2023 2022 Tithe Tithe - euro Praoue Congress Other donations Braid donations Summer madness- Youno People HM Revenue & Customs Gift Aid Reclaimable Ukraine fundraisintr Parish of Glenravel Rise Up Income Fearless Youth Mid & East Antrim Festival Residential income 52248 125 52.?48 125 52.426 1.944 980 1,944 980 3.35? 9,087 5,050 9,087 5,050 25,974 10,985 25.974 10,985 2.515 2.515 113,549 113,549 89,409 89,409 Page 16