OFFICERS AND THEIR ADVISORS FArrH IN ACTION IAIISSIONS COMMITfEE Chalrperson Honorary sett*y Honorary treaswer Trustee Trustee Trustee Trustee Trustee TN8t88 Twstee Trustee Paslor Joe Beggs tr Cokn Murray Mrs JacoJelr* FlamirKJ Mr John Henders Laua H￿derSOn '&8 Jule Thornton Mr Coln klurray Pastor Jo8 Beggs Mrs Jawjekn Flemir¥J REPORTING ACCOUNTAKf8 29 Westland Driv• Ballywaller Co. Down BT22 2TH BANKERS l.B. 11-15 Donegall Square North Belfast BT15GB REPORT OF THE COMMITfEE OF FAfTri IN AcnoN MISSIO￿ NEWTOWNARD5 We the management committee of Falth In Actlon Mlsslons Newtownards Ihereafter ￿ferred to as the Associationl Pre￿nt our report below. The financial statements which have been independently examined for the perlod ended 31 March 2023 follow on page 5 they are preceded by the Report of the Accountants. COMMIThEE The management committee of the A550ciatlon during the financial period was: Pastor Joe Be8gS Chalrperson Mrs Jacquellne FlemlTr8 Honordry Treasurer Mr Colln Murray Honornry Se¢ret8ry In accordance wlth the constitutlon of the As%Kiation the se￿1￿ officer5 offer themselves for re- elettion at the Annual General Meeting. STATEMENT OF MANAGEMENT COMMirrEE'S RESPONSIBIUTIES The constitutlon of the Associatlon requires the commlttee to prepare flnandal sLitements for each flnanclal period which give a fairview of the state of affairs of the Association and any surplus or defic remalning after carrying out the artivlties for the period. In p￿ParIng those finano.al statements, the committee is required to-_ select sultable accounting pollcles and then appty them conslstently: Make any necessary judgements and estimates that are reasonable and prudent: Prepare the finan¢lal statements on the golng concern basls unless it Is Inappropriate to presume that the A550Ci3tion will continue In business. The committee is responslble for keepln8 proper a¢¢ountin8 records whlch d15dose wlth reasonable accuracy at any time the financial position of the A550ciation and to enable them to ensure that the flnanclal statements comply wlth Its constitution. In partlcular, the wmmlttee Is responstble for ensuring that all monie5 raised on behalf of the Association are applied to further its objectives and for no other purpose. The committee Is a150 responsible for safeguarding the assets of the Association and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities. REPORT OF ThE COMMITfEE. cortlnued FAITH IN ACTION MISSIO 08JEcfivES AND ACTMTIES The Assoclation is establlshed for the relief of poverty, promotlon of education, health preservatlon together with the advancemeTht of Christlanity in Eastern Europe and South AmwbC3. Durlng thls ftnanclal year because of the war. no trlps were made to Ukraine. Instead, we sent lorries to the Pollsh/Ukralne border wlth ald, which wa5 tsken and trdnsferred into Ukraine to help wlth the war effort. We also brought 41 to safety from Ukraine to Northern Ireland. The work of the fann mlnistry has closed due to the war. also the school has dosed. We contlnue to support a prlson rehab centre, a drug and alcohol rehab, and the house of hope nursing home that we built and opened in 2018. We work on other projects providinufood and financlal sUPPOrt in villages forthe poorand vulnerable, also financial support Is 8iben to support disabled camp5. RESULTS The summarosed results of the Mission forthe financial year are set out in the Income and Expenditure Account on page 5. The 5urplu5 arisin8 for the peTlod5 has been transferred to the accumulated fund5 account to be carried forward into the next accountin8 perlod. FIXED ASSETS The Assodatlon have not invested In ¥quisltlon of any fixed assets and therefore no capitsl expendlture has been incurred during thls flnandal year. TAX STATUS For the purpose of tsxation, Faith in Attion Mi551ons Newtownards Is attepted as a charity by HMRC under reference NIC1￿261. AccouKfApirs A resolution proposSng to appointment of Accountants4Less as reporting accountants of the companv will be proposed at the annual 8eneral meeting. BY ORDER OF THE COMMITTE£ Mr Colln Muf HONORARY SECRETARY Zo/i-/13 srATEMENT OF HNANaAL AcllvTfiES FAMI IN Acnom MISSIONS YEAR ENDED 31 MARCH 2023 2023 NOTE INCOME 1C 345,024.55 EXPENDrnJRE 345.076.48 DEFICIT FOR THE PERIOD -51.93 MOVEMEKf IN DESIGNATED FUNDS ACCUAIULATED FINDS BROUGHT FORWARD 431.243.4S ACCUMULATED FUNDS CARRIED FORWARD 431191.52 BAIANCE SHEET FATfH IN ACTION MISSIONS NEWTOWNARDS NOTE FIXED ASSETS 5.303.14 CURRENT ASSErs Debtor5 Cash at bank Investment Account Cash in hand 421,301.73 4.236.65 950.00 426,488.38 L8ss: Cradilors due vAthin on8 year 1,278.70 1,278.70 NEf CURREKf ASSErs 425,209.68 TOTAL NET ASSETS 430.512.82 CAprrAL AND RESERVES GENERAL FUNDS ACCOUNT 160,761.76 DESIGNATED FUNDS ACCOUNT F8rn) Fund Famrfylukrdine Fund Orphan Fund School & Teachers Fund CAMPS Pasha- House of Hope Pastofs Support Transworld Radio & 8lbl• House of hope New Bulbs Bethany Hous8 262,899.30 3,281.76 3.570.00 269.751.06 430.512.82 SIGNED FOR AND ON BEHALF OF THE MANAGEMEKf COMMITTEE Pastor Joseph Beggs CHAIRPEIISOII NOTES TO THE HNANaAL sfATEMEKrs FAM4 IN AcfioN MISSIOI ACCOUNnNG POLiaES The following accountin8 policie5 have been used consistently In deallng with items which are considered material in relation to the Asso(iatTon's financial statements. (a} Basls of Accountin The financial Statements are prepared using a m¢Jdified cash basis where approprlate, under the h15torical cost CDnvention. Ib) Cash Flow The accounts do not Indude a cash fluw statement because the knoctstion, as a small reporting entity. is exempt from the requtrements to prepare such a statement. (¢) In¢ome Donatlons under Glft Ald Donations under Gift Aid comprise the cash received during the period and the fespertive income tax daims re￿iVed and re￿fvabIe. Other don?tlons and In¢ome All other donations and Income comprise the cash recelved and collected ift the period. Id) Desl8natsd Fund$ Donatlons recelved for deslgnated funds are transferred upon receipt into the relevant speclfled fund account. Expenditure comprlse amounts paid durlng the perlod and where appropriate, accrued expendlture up to the balance sheet date. le) Expendilure Expenditure comprises amounts paid durin8 the period and where appropriate accrued expenditure up to the balance sheet datr. NOTES TO THE FINANCIAL STATEMENIS- conllnued FAMI IN AcfioN MISSION5 (n Taxatlon Surpluses arEslng on the general and deslznated funds accounts are applled towards the charitsble actlvltles of the Association. Consequently, all income arisln8 Is exempt from taxation. COMMrrTEE AND iyfHER VOLUt4TEER MEMBERS All of the management committee and other volunteer members er￿ged by the Association durin8 the period provided thelr tlme and serv1￿$ voluntarlly and ￿thOut renumeration. The Assoclatlon did employ one member of the staff durlng the financlal perfod. At the end Df the financial perbDd the total number of volunteers varied up to twenty. EXPENDITURE Expenditure durlng the period comprised the followln8 ¢05ts".- Dlrnd chJrttabl• •xp•n• Rellef ald to th• Ukr41n• Shipping costs Travel Stationery Desl8nated Projert Dlstrfbutlon Cash dlstrlbutSons General Fund 324.IXI 1.523.20 306,044.17 4,0(Kl,00 311.891.37 oth•r op•ratlng •xp•nM• Salerfes MoloT G0615 Telephone Offic£ Accountancy Computer supple8 Books & Literalure 16,578.84 3,743.41 1.095.87 1,056.04 1,404.1 1.186.91 96.49 2.406.00 843.17 307.51 1,223.11 L107.98 1,325.78 810.00 Hospilalty Promotions Insurance Bank Fees Depreciallon Maintenanco Sun¢try 33.185.11 Total eXpendI￿re In the perlod 345,076A8 io NOTESTO THE FINANCIALSTATEMeKtS- contlnued FAITH IN AcfioN MIS510N5 NEwfowNARD5 DEBTORS 2023 CREDifoRS- DUE wrrHIN ONE YEAR 2025 Accrued expenditure 1,278.70 PROV1510N FOR LIABIUTIES AND CHANGES There were no other IlabiSities or change5 at the end of the financial period. GENERAL FUNDS AfxouNT Thè balance of the General Funds Account remains under the control and 5tewardshlp Df the committee for the period discharge of the Associatlon's charftable objectlves and operations generallv. As at the 31 March 2023 the balance of General Funds Account to be carr*d forward into the next accounting period 15 £160.761.76. 11 NOTES TO ThE FINANCIAL STATEMENTS- contlnued FAITH IN AcnoN MISSION5 DESIGNATED FUNDS Accoumr There are 11 designated funds malntained by the Assodatlon as follows:_ srARRY SALTOV FARM FUND FAMILY FUND ORPHAN FUND Tran81•rn from G•n•rnl Fund Speclfied donations re¢dvod In tho pefiod Transfers b8iween fund81general acc 210.IJJ 241.386.01 -700.LX) Less: Expenw M behalf of the fund 182.91 301.231.69 149.04 Surplusldefldt adslng 27.09 -59,845.68 Balance of luThJs at start of period 672.91 322,744S8 149.04 Balanc• of fvnd• lorward 262.899.30 TEACHERS VOLCHAN PASTOR'S WORLDRADIO FUNO SUPPORT & 818LE Transf•rs from G•Mral Fund Sp8cified donations receivad in the perlod Transfers botween funds 7,770.(K) -4(KI.OD .550.00 -1381.84 Less: Expenses on behdf of the fund 7.143.24 Surplusldefficit 8ri8irvJ 626.76 Balance of furKls at start of perlod 41J).OD 550.00 2.655.IX) 1,381.84 Balan¢e of funds carrled forward 3,281.76 12 Building HOUSE OF HOPE CAMPS House Transfers from General Fund Spocified donallons recefved In the p?rfryJ Transfer8 ljtheen funds 4.020.00 -3.200.1)0 Less: Expens68 on l)ehalf of the fund 3.CW. Surplusldeficit arising 1,020.(XI B818nce of funds at start of pertod 2.550.IXI 3,2(KI.OD BalanG• d huNl• ¢arrf•d forwaril 3,570. APPROVAL OF FINANCIAL STATEMEPITS The financial statements We￿ approved by the commlttee on 'l