## FAITH IN ACTION MISSIONS NEWTOWNARDS
## Committee and Advisors of the Mission
Chairperson Pastor Joe Beggs Honorary Secretary Mr Colin Murray Honorary Treasurer Miss Julie Thornton Trustee Mrs Jaqueline Fleming Trustee Mr John Henderson Trustee Mrs Laura Henderson Trustee Mr Martin Thompson Trustee Mrs Andrea Chapman
## Reporting Accountant:
Accounts4Less 29 Westiand Drive, Ballywatter, Co Down. BT22 2TH
Bank:
A.LB. 11-15 Donegall Square, North Belfast, BT1 5GB
.
## REPORT OF THE COMMITTEE OF
## FAITH IN ACTION MISSIONS NEWTOWNARDS
We the management committee of Faith in Action Missions Newtownards (hereafter referred
to as the Association) present our report below. The financial statements which have been independently examined for the period ended 31 March 2025 follow on page 6 and they are preceded by the Report of the Accountants.
## COMMITTEE
The management committee of the Association during the financial period was:
## Pastor Joe Beggs
## Chairperson
Miss Julie Thornton Honorary Treasurer
## Mr Colin Murray Honorary Secretary
in accordance with the constitution of the Association the serving officers offer themsetves for re-election at the Annual General Meeting. ;
## STATEMENT OF MANAGEMENT COMMITTEE'S RESPONSIBILITIES
The constitution of the Association requires the committee to prepare financial statements for each financial period which give a fair view of the state of affairs of the Association and any surplus or deficit remaining after carrying out the activities for the period. In preparing those financial statements, the committee 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 itis 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 position of the Association and to enable them to ensure that the financial 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 objectives and for no other purpose. The committee is also 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 COMMITTEE - continued
## FAITH IN ACTION MISSIONS NEWTOWNARDS
## OBJECTIVES AND ACTIVITIES
The Association is established for the relief of poverty, promotion of education, health preservation together with the advancement of Christianity in Eastern Europe and South America.
During this Financial year, because of the war no trips were made to Ukraine. As a wayto continue our support we instead sent lorries to the Polish/Ukrainian border with humanitarian aid. This humanitarian aid was then transferred into Ukraine to help with the war effort. During this year 3 trips were made. We continue to financially support the people in Ukraine and the House of Hope.
## RESULTS
The summarised results of the Mission for the financial year are set out in the Income and Expenditure Account on page 6.
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The surplus arising for the periods has been transferred to the accumulated funds account to be
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carried forward into the next accounting period.
## FIXED ASSETS
The Association during this financial year made a number of purchase investments: 1) Alorry to transport the humanitarian aid (£28,800) 2) Avan to transport the humanitarian aid (£27,600)
## TAX STATUS
For the purpose of taxation, Faith in Action Missions Newtownards is accepted as a charity by HMRC under reference NIC100261.
## ACCOUNTANTS
:
A resolution proposing to appointment of Accountants4Less as reporting accountants of the company will be proposed at the annual general meeting.
BY ORDER OF THE COMMITTEE
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LRM Wher
Colin
HONORARY muy SECRETARYoy
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Date:
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iP
Jeg/25
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.
## STATEMENT OF FINANCIAL ACTIVITIES
## FAITH IN ACTION MISSIONS NEWTOWNARDS
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YEAR ENDED 31 MARCH 2025 2025
NOTE £
INCOME 1c 130,430
EXPENDITURE 3 179,228
DEFICIT FOR THE PERIOD (48,798)
MOVEMENT IN DESIGNATED FUNDS -
ACCUMULATED FINDS BROUGHT
FORWARD 322,964
ACCUMULATED FUNDS CARRIED
FORWARD 274,166
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,
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BALANCE SHEET
AS AT 31 MARCH 2025
FAITH IN ACTION MISSIONS
NEWTOWNARDS
NOTE £ £
FIXED ASSETS 67,929
CURRENT ASSETS
Debtors 4 -
Cash at bank 205,763
Investment Account 4,585
Cash in hand 1000
; 211,348
Less: Creditors due within one year 5 5,111
5,111
NET CURRENT ASSETS 206,237
TOTAL NET ASSETS 274,166
CAPITAL AND RESERVES ,
GENERAL FUNDS ACCOUNT 7 225,611
DESIGNATED FUNDS ACCOUNT
House of Hope 8 38,400
Pastors 8 4,125
Ukraine/Family 8 6,030
48,555
274,166
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SIGNED FOR AND ON BEHALF OF THE
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MANAGEMENT COMMITTEE
Pastor Joseph Beggs .
CHAIRPERSON “3Sow,
1A ozs
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NOTES TO THE FINANCIAL STATEMENTS
1 ACCOUNTING POLICIES
,
## FAITH IN ACTION MISSIONS
## NEWTOWNARDS
The following accounting policies have been used consistently in dealing with items which are considered material in relation to the Association’s financial statements.
.
## (a) Basis of Accounting
The financial statements are prepared using a modified cash basis where appropriate, under the historical cost convention.
## (b) Cash Flow
The accounts 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.
## (c) Income
## Donations under Gift Aid
Donations under Gift Aid comprise the cash received during the period and the respective
income tax claims received and receivable.
## Other donations and Income
Ali other donations and Income comprise the cash received and collected in the period.
## (d) Designated Funds
Donations received for designated funds are transferred upon receipt into the relevant specified fund account.
Expenditure comprise amounts paid during the period and where appropriate, accrued expenditure up to the balance sheet date.
## (e) Expenditure
Expenditure comprises amounts paid during the period and where appropriate accrued expenditure up to the balance sheet date.
## (f) Taxation
Surpluses arising on the general and designated funds accounts are applied towards the charitable activities of the Association. Consequently, all income arising is exempt from taxation.
.
## NOTES TO THE FINANCIAL STATEMENTS — continued
## FAITH IN ACTION MISSIONS NEWTOWNARDS
2 COMMITTEE AND OTHER VOLUNTEER MEMBERS All of the management committee and other volunteer members engaged by the Association during the period provided their time and services voluntarily and without renumeration. The Association did employ one member of the staff during the financial period.
At the end of the financial period the total number of volunteers varied up to twenty.
## 3 EXPENDITURE
## Expenditure during the period comprised the following costs:-
## Direct charitable expenses
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Relief aid to the Ukraine £ £
Shipping costs
Travel
Stationery 426
Designated Project Distribution 126,273
Cash distributions General Fund
) 126,699
Other operating expenses
Salaries 16,254
Motor costs 8,061
Telephone 1,511
Office 1,550
Accountancy 1,269
Computer supplies 496
Books & Literature 59
Gifts 110
Hospitality 385
Promotions 667
insurance 5,019
Bank Fees 1,284
Depreciation 15,845
Maintenance 19
52,529
Total expenditure in the period 179,228
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## NOTES TO THE FINANCIAL STATEMENTS - continued
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FAITH IN ACTION MISSIONS
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NEWTOWNARDS
4 DEBTORS 2025
£
NIL
5 CREDITORS — DUE WITHIN ONE YEAR 2025
£
Accrued expenditure 5,111
6 PROVISION FOR LIABILITIES AND CHANGES
There were no other liabilities or changes at the end of the financial period.
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## 7 GENERAL FUNDS ACCOUNT
The balance of the General Funds Account remains under the control and stewardship of the committee for the period discharge of the Association’s charitable objectives and operations generally.
As at the 31 March 2025 the balance of General Funds Account to be carried forward into the next accounting period is £225,611.
NOTES TO THE FINANCIAL STATEMENTS — continued
## FAITH IN ACTION MISSIONS NEWTOWNARDS
## 8 DESIGNATED FUNDS ACCOUNT
## There are 3 designated funds maintained by the Association as follows:-
||Houseof
Hope|Pastors|Ukraine/Fa
milyFund|
|---|---|---|---|
||£|£|£|
|TransfersfromGeneral Fund||||
|Specifieddonationsreceivedintheperiod|2,360|7,940|80,813|
|Transfers between||||
|funds/general acc||||
|Less: Expenseson behalfofthefund|5,300|6,091|161,845|
|Surplus/deficit arising|(2,940)|1,849|(81,032)|
|Balance offunds at start of||||
|period|8,970|2,277|119,432|
|Balance offunds carried||||
|forward|6,030|4,125|38,400|
9 APPROVAL OF FINANCIAL STATEMENTS ~. The financial statements were approved by the committee on ( G[B
.
## GENERAL FUND INCOME AND EXPENDITURE ACCOUNT SCHEDULE
## FAITH IN ACTION MISSIONS
## NEWTOWNARDS
## FOR THE YEAR ENDED 31 MARCH 2025
## Income
|Income|||
|---|---|---|
|Investment interest||186|
|General Income||16,357|
|DesignatedProjects||91,113|
|GiftAid& GiftAid Refund||22,774|
|DesignatedExpenses||-|
|Surplus ondisposal||-|
|||130,430|
|Expenditure|||
|DirectCharitable Expenses|||
|Travelexpenses|-||
|Stationery
DesignatedProjectDistribution|426
126,273||
|Cash Distributions General Fund|-||
||126,699||
|Otheroperatingexpenses|||
|Salaries
Motorcosts|16,254
8,061||
|Telephone
Office
Accountancy
Computersupplies|1,511
1,550
1,269
496||
|Books& Literature|59||
|Gifts|110||
|Hospitality
Promotions|385
667||
|Insurance|5,019||
|Bank Fees|1,284||
|Depreciation|15,845||
|Maintenance|19|52,529|
|Totalexpenditureintheperiod||279,228|
|Deficit||(48,798)|