FAtfH IN ACTION MISSIONS NEWTQWNARDS Commlttee and Advlsors of the Mlsslon Chairperson Honorary Secretsry Honor8ry Tfe&%urer Trustee Trustee Trustee Trustee Trustee Pastor Joe Boggs Mr Colln Murray 14ffjss jul￿ Thomtc Mrs Jaquelkne Flemlng Mr John Henderson Mrs Laur8 Hendew) Mr Martln Thompson rs Andrea Chapman Accounts4Less 29 Westland Driv6, Ballywattor. Co Down. BT22 2TH Al.B. 11-15 Donggall Square, North Belfa8t, BT15GB REPORT OF THE COMMirrEE OF FAITH IN ACTION MISSIONS NEwfowNARDS We the management committee of Faith in Action Missions Newtownards Ihereafter referred to as the Associatlon} present our report below. The financial statements which have been Independently examined for the period ended 31 March 2024 follow on page 6 and they are preceded by the Report of the Attountants. COMMirrEE The management commlttee of the Associatlon durlng the flnancial perk)d was". Pastor Joe Be88s Chalrperson M155 Julle Thornton Honorary Treasurer Mr Colin Murray Honorary S•tretary In accordance wlth the constltutlon of the Assoclatlon the ser¥ln£ offlcers offer themselves for r electton at the Annual General Meetln8, STATEMENT OF MANAGEMENT COMMrrrEE'S RESPONSIBILMES The constitution of the Assoctation requires the commlttee to prepare financial statements for each ftnancial period whlch glve a falrvlew of the state of affalrs of the Asstxiation and any surplus or deficit remaining after carrying out the activities for the period. In preparing those financial ststements, the commlttee Is required to:. Select suitable accounting policies and then apply them consistently; Make any necessary 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 Association will continue in business. The committee is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial positlon of the Assoaation and to enable them to ensure that the financlal statements comply with its constitution. In particular. the committee is responsible for ensuring that all monies raised on behalf of the Association are applied to further its objectNes and for no other purpose. The committee 15 also responsible for safeguardin8 the assets of the A5soclation and hence for taking reasonable steps for the prevention and detettion of fraud and other irreEularities. REPORT OF THE COMMITTEE- contlnued FAITH IN AclloN MISSION5 NEvrfowNARDS OBJEcllvES AND AcnviTIES The Association is established for the rellef of poverty, promotion of education. health preservation tO8etheT With the advancement of Christiantty In Eastern Europe and South America. During thi5 Financial year, because of the war no trips We￿ made to Ukraine. As a way to continue our support we instead sent lorries to the Polishlilkrainian border with humanitarian aid. This humanitarian aid was then transferred into Ukraine to help with the war effort. During thi5 year 3 trips were made. We continue to financialty support the pÈople in Ukraine and the House of Hope. There are a number of refugees who were brought from Ukraine to Northern Ireland for safety and we continue to provide support to thern here. RESULTS The summarised results of the Mission for the financial year are set out In the Income and Expenditure Account on page 6. The surplus arising for the periods ha5 been transferred to the accumulated fvnds account to be carried forward into the next accounting period. FIXED ASSETS The Associatlon during thls fihandal year made a number of purchase Investments: l) New car for the mlsslon + old car 501d {£14,899 21 A van to transport the humanitarian aid1£12.6501 31 Laptop to continue to the deputation around churches (£7991 TAX STATUS For the purpose of taxatlon, Faith in Actton Missions Newtownard5 is accepted as a charity by HMRC under referents NICIO)261. AccouKfANTS A resolution proposing to appolntment of Accountants4Less as reportin8 accountants of the company will be proposed at the annual general meeting. BY ORDER OF THE COMMrrrEE Co15n Murrav HONORARY SECRE[ STATEMEThFf OF FINANCIAL ACTivmES FAITH IN ACTION MISSIONS NEwfowNARDS YEAR ENDED 31 MARCH 2024 2024 NOTE INCOME 1C 157.087.00 EXPENDITURE 264.636.24 DEFicrr FOR THE PERIOD (107,549.24) MOVEMENT IN DESIGNATED FUNDS ACCUMULATED FINDS 8RQUGHT FORV¥ARD 430.512.82 ACCUMULATED FUNDS CARRIED FORWARD 322.963.58 BALANCE SHEEr FAITh IN AcnoN MISSIONS NEwfowpiARDS NOTE FIXED ASSErs 27,375.31 CURRENT ASSETS Debtors Cash at bank Investrnent Account Cash in hand 287,326.06 4,399.12 5.51J).(M) 297,225.18 Less: Credltors due withln one year 1,636.91 1,636.91 NET CURRENT ASSETS 295,588.27 TOTAL NET ASSEf8 322,963.58 CAPITAL AND RESERVES GENERAL FUNDS ACCOUNT 192,284.96 DESIGNATED FUNDS ACCOUNT House of Hope Pastors UkrainelFarnily 8,970.00 2,276.76 119,431.86 130.678.62 322 963.58 SIGNED FOR ANDON BEHALF OF THE MANAGEMEKf COMMITf£E Pastor Joseph Be8gs CHAIRPERSOP4 NOTES TO THE FINANaALSTATEMENrs FAITH IN AcnoN MIS510NS NEwfowNARDS ACCOUNTING POUCIES The following accounting policles have been used conslstently In dealing with items whlch are considered material in relatlon to the Association's financial statements. (a) Basis of Pxcountlng The financlal statements are prepared usin8 a modlfled cash basis where appropriate, under the historical cost convention. (b) Cash Flow The account5 do not include a cash flow statement because the Association, as a small reporting entity, is exempt from the requirements to prepare such a statement. Ic) Ihcome Donatlons under Glft Ald Donations under Glft Ald Comprise the cash received during the period and the respective income tax claims recelved and receivable. Other donatlon5 and Income All other donatlons and Income comprlse the cash received and collerted In the perS0d. (d) Deslgnatod Funds Donatlons received for designated funds are transferred UF)on recelpt into the relevant speclfied fund account. Expendlture cornpri5e amounts paid during the period and where appropriate, accrued expendlture up to the balance sheet date. (e) Expendlture Expenditure ctsmprlses amounts paid during the period and where approprlate accrued expenditure up to the balance sheet date. If) Taxatlon Surpluses arising on the general and desl8nated funds accounts a￿ applied towards the charitable actlvltles of the A550ciatlon. Consequently, all income arising is exernpt from taxatlon. NOTES TO THE FINANCIAL STATEMENfs- contlnued FAITH IN ACTION MISSIONS NEwfow14ARDS COMMrrTEE AND OThER VOWNTEER MEMBERS All of the management commlttee and other volunteer members e￿ged by the A5sociatlon during the period provlded their tlme and services voluntarily and without renumeratlon. The Association did employ one member of the stsff durina the flnanclal perlod. Ai the end of the flnanclal perlod the total number of volunteers varled up to twenty. EXPENDITURE Expenditure during the period comprised the followln8 Costs:. Dlrect ch•rftable exp•n808 R•ll•f ald to th• Ukralne Shlppin8 Costs Travel Stationery De51gnated Projert Oistribution Cash dlstrlknutions General Fund 283.44 221,165.62 221,449.06 Olh•r oporntlng •xp•n• Salarles Motor costs Te18phone Office Accountancy Computer supplleg Books & Literature Gifts Ho8Pitallty Promotions Insurance Bank Fees Depreciatlon Mainlenanca Sundry 20,051.40 6,546.78 2,046.80 I.1￿.16 1.344.00 469.43 I￿).00 897.14 i(M).(xi 1,390.71 1,695.12 7,127.83 227.81 43.187.18 Tolal exp•ndltur• In tho p•rlod 264.636.24 N(TfES TO THE FINAN(JAL STATEMENTS- continued io FAITH IN ACTION MISSIONS NEwfowNARDS DEBTORS 2024 CREDITORS- DUE WITHIN ONE YEAR Accrued expendlture 1.636.91 PROVISION FOR IIABILmE5 AND CHANGE5 There were no other liabillties or ¢han8es at tr* end of the financial period. GENERAL FUNDS ACCOUNT The balance of the General Funds Account remains under the Control and stewardshlp of the committee for the perlod dls¢har8e of the Assoclatlon's charitable objectives and operatlons generally. As at the 31 March 2024 the balance of General Funds Account to be carrled forward Into the next atcounting peritxl is £192,284.% NOTES TO THE FINANCIALSTATEMEKfs- contlnued li FAITH IN AcnoN MISSIONS NEWTOWNARDS DÉSIGNATED FUNDS AccouKr There are 3 deslgnated funds maintained by the A550Ciation as follows:_ House of Hope Pastors Ukraln•lFa m5ty Fund Transfers fiom Gonèrnl Fund Specified donatlons received in the period Trdn8f8rs beknn lundslgenewal acc 9,900.1)J 7,480.00 57,550.03 L865: Expens86 on behalf of the fund 4.500.00 8.485.(M) 201,017.47 Surplusldeflclt arfslng 8alane• of lunds at start of period 5,400.00 -1,005.00 -143,467.44 3,570.00 3,281.76 262,899.30 BalanrA of funds caThl•d fon¥ard 8.970.00 3,281.76 119.431.86 APPROVAL OF FINANCIAL STATEMENTS The flnancial statements were approved by the committee on 12 GENERAL FUND INCIiME AND EXPENDITURE Accoumf SCHEDULE FAITH IN AcfioN MISSIONS NEWTOWNARDS YEAR ENDED 31 MARCH 2024 Incom• Investmont Inleffjst General Income Designated Projects Gif Aid & Gilt Aid Refund Designated Expenses Surplus on dlsposal 162.47 64.144.97 74.930.03 17,849.53 157.087.00 Exp•ndlture Dlro¢t Charltabl• Exp•nJo8 Travel expen88S Stationery Designated Project Dlstribution Cash Dlstrlbutlons G8neral Fund 283.44 221,165.62 221,449.06 Other oporatlng eX￿nIel Salaries Mots Costs Tdephone 20.051.40 6,546.78 2,046.80 1,190.16 1,344.00 469.43 Accountancy Computsr supplies Books & Literature Gifts H08plt81ity Promotlons Insurance Bank Fees Depreclallon Malntenance Sundry iOO.CK) 897.14 10).00 1,390.71 1,695.12 7,127.83 227.81 43,187.18 Total expendfture In tho perlod 264,636.24 (107,549.24)