Charity number: N100327 Company number: N1621497 East Coast Ministries Ureland) Ltd (A company limited by guarantee) Directors, report and unaudited fmancial statements for the year ended 31 December 2022
East Coast Ministries (Ireland) Ltd (A company limited by guarantee) Contents Page Legal and athninistrative infOrnll0n Tntees, report Independent examiners, report Statement of fmancial activities Statement of Financial Position Notes to the financial statements 8-10
East Coast Ministries Ureland) Ltd (A company limited by guarantee) Legal and administrative infonnation Charity number N100327 Company registration number N1621497 Business address 25-27 Edward Street Portadown Co Arngh BT62 3NE Registered office 25-27 Edward Street Portadown BT62 3NE Trustees Timothy Mayes Brian Truesdale Accountants SD Brown & Company 25-27 Edward Street Portadown Co Arniagh BT62 3NE Bankers Ulster Bank 20 High Street Portadown Co Arniagh BT62 IHU Page I
East Coast Ministries Oreland) Ltd (A company limited by guarantee) Report of the trustees (incoryorating the directors, report) for the year ended 31 December 2022 The trustees present their report amd the financial statements for the year ended 31 December 2022. The trustees, who are also directors of East Coast Ministries (treland) Ltd for the purposes of company law and who served during the year and up to the date of this report are set out on page l. Structure? governanee and management The company is con5titued by it's Memordndum and Articles of Association, and limited by Guarantee. having no Share Capital. Only person5 who subscribe to the objects expresses in the Memorandum of Association of the Company. and are appointed by the Executive Committee, or the company in a General Meeling can be admitted as Trustees. RtsKg The Executive Committee has conducted its own review of the major risks to which the company is exposed, and systems have been established to mitigate those risks. In order to minimize internal risks, and to ensure the consistent quality of delivery for all operational aspects of the company procedures for authorization of all transactions, and projects have been implemented. Objectives and activities East Coast Ministries (Ireland) Ltd is an organization which exists for the furtherance of the Christian Religion. Achievements and performance During the year ended 31 December 2022 the directors were involved in the distribution of Gospel Tracts throughout Ireland. Financial review The results of the company for the year are detailed on pages 5 to 10. Plans for future periods In 2023 we have continued to distribute Gospel Tracts. Funds held AS Custodian trustee on behalf of others No funds are held as Custodian on behalf of others. Page 2
East Coast Ministries (Ireland) Ltd (A company limited by guarantee) Report of the trnstees (incorporating the directors, report) for the year ended 31 December 2022 ststemellt of trustees, responsibilities The tru5tee5 (who are also directors of East Co&st Ministries (Ireland) Ltd for the purpose of company law) ale responsible for preparing the Trnstees, Amlual Report and the fjnancial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trustees to prepare financial statements for each financial year which gkve a trne and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitsble company for that peTio<L Jn preparing these financial staternents, the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and Pnent. state whether applicable UK Accounting Standards have been followed, subject to any material departeS disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and wbich enable them to ensure that the flnancial statements comply with the Companies Act 2006. They are also responsible for saftguarding the &ssets of the charitable cotnpany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provisions This report has been prepared in accordance with the provislons applicable to companies subject to the small companies, regime. On behalf of the board Timothy Mayes Director 21 September 2023 Page 3
East Coast Ministries (Ireland) Ltd (A company limited by guarantee) Independent examiner's report to the trustees on the uuaudited financial statements of East Coast Ministries (Ireland) Ltd. I report on the accounts of East Coast Ministries Oreland) Ltd for the year ended 31 December 2022 set out on pages 2 to io. Respective responsibilities of trustees and independent examiner As the charity tsustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibilty to: l) examine the accounts under section 65 of the Charities Act 2) follow the procedures laid doMTr in the general Directions given by the Charity Commission for Northern treland under section 65(9}(b) of the Charities Act 3) state whether partTcular matters have come to my attention. Basis of independent examiner's statement I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions triven by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the a¢¢ounts and seeking explanations from you charity trustees concerning any such matters. My role is to state wbether any Material matters have come to my attention giving me cause to believe: a) that accounting records were not kept in accordance with section 386 of the Companies Act 2006 b) that the accounts do not accord with those accounting records c) that the accounts do not comply with the accounting requirements of section 396 of the Companie5 Act 2006 and with the methods and principles of the Charities Slatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland d) that there is further infornlation needed for a proper understandino of the accounts to be reached Independent examiner's statement I have completed my examination and have no concerns in respect of tbe matters (a) to (d) listed above and in connection with following the Directions of the Chariry Commission for Northern Ireland. i have found no matters that require drawing to your attention. Independent examiller Samuel David Brown Chartered Certified Accountant Carnegie Building 25-27 Edward Street Portadown Co. Armagh BT62 3NE 21 September 2023 Page 4
East Coast Ministries (Ireland) Ltd (A company limited by guarantee) Statement of financial activities (incorporating the income and expenditure account) For the year ended 31 December 2022 Unrestricted fund5 2022 Total 2021 Total Notes Incoming resources tncomTng resources from generatinty fid$. Donations 500 500 2,018 Total incoming resources 500 500 2,018 Resources expended Establishment costs Accountancy fees Other Office Expenses Interest payable and similar charges 515 180 13 34 515 180 13 34 275 162 13 37 Total resources expended 742 742 487 Net ineomiDgl{outyoing) resources for the year I Net income/(expense) for the year (242) (242) 1.531 Total funds brought forward 4,248 4,248 2,717 Total funds carried forward 4,006 4,006 4,248 The statement of financial activities includes all gains and losses in the year and tberefore a separate statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pages 8 to 10 form an integral part of these financial statements. Page 5
East Coast Ministries Ureland) Ltd (A company limited by guarantee) Statement of Financial Position as at 31 December 2022 2022 2021 Notes Current assets Cash at baTJk and in band 4.175 4,417 4,175 4,417 Creditors: amounts falling due within one year (169) (169) Net cllrrent assets 4,006 4,248 Net assets 4,006 4,248 Funds Unrestricted income funds 4,006 4.248 Total funds 4,006 4,248 The Balance Sheet continues on the following page. The notes on pages 8 to io forni an integral part of these financial ststements. Page 6
East Coast Ministries Ureland) Ltd (A company limited by guarantee) Balance sheet (eontinued) Trustees statements required by the Companies Act 2006 for the year ended 31 December 2022 In approving these financial statements as trustees of the company we hereby confirn] that: (a) for the year the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. O)) the members have not required the company to obtain an audit of its accounts fior the year in question in accordance with section 476. (c) the directors acknowledge their respons1117tieS for complying with the requir¢ments of the Act with respect to accounting records and the preparation of a¢counts. (d) these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The fmancial statements were approved by the board on 21 Septetnber 2023 and signed on its behalf by Timothy Mayes Director The notes on pages 8 lo JO form an integral part of these financial stAtements. Page 7
East Coast Ministries (Ireland) Ltd (A company limited by guarantee) Notes to financial statements for the year ended 31 December 2022 Accounting policies The principal accountin . policies are Surnnd below. The accounting policies have been applied consistently throughout the year and the preceding year. BASIS of accounting The financial 5taternents have been prepared in accordance with Accountino and Reporting by Charities: Statement of Recommended Practice applicable to charities prepaTing tbeir accounts in accordance with the Financial reporting Standard Applicable 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 2006. East Coast Ministries (Ireland) Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.2. Cashflow The charity h&5 taken advantage of the exemption in Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SOIiP (FRS 102)), from the requirement to produce a cash flow statement on the grounds that it is a small charitable charity. 1.3. FuDd accounting General fimds are unrestricted fimds which are available for use at the discretion of the lrnstees in furtherance of the general objectives of the charity and which have not been designated for other purposes. 1.4. Incoming resourees All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants. donations and gifts and 15 included in full in the statement of fmancial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific perfonnance by the charity, are recognised when th¢ charity becomes unconditionally entitled to the grdnt. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating flfftds when they are sold. 1.5. Resources expended Expendittjre is recognised on an accrual basis as a liability is incurred. Expendithre includes any VAT which cat]not be fully recovered, and is reported as part of the expenditure to which it relates. Charitable expenditure Comprises those costs incurred by the charity in the delivery of its activities and seTvices for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature nece55ary to support them. Page 8
East Coast Ministries Oreland) Ltd (A company limited by guarantee) Notes to financial statements for the year ended 31 December 2022 Donations Unrestricted funds 2022 Total 2021 Total Donations 500 500 2,018 500 500 2,018 mployees Employment costs No salaries or wages have been paid to employees, including the trustees, during the year. Taxation The charitys activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in tbese accounts. Creditors: amounts falling due within one year 2022 2021 Accruals and deferred incotne 169 169 Anatysis of net assets between funds Unrestricted funds Total funds Fund balance5 at 31 December 2022 as represented by." Current assets Current liabilities 4,175 (169) 4,175 (169) 4.006 4,006 Unrestricted funds At At l January Ineoming Outgoing 31 Deeember 2022 resourees resources 2022 Unrestricted Funds 4,248 500 (742) 4,006 Page 9
East Coast Ministries (Ireland) Ltd (A company limited by guarantee) Notes to fiDancial statements for the year ended 31 December 2022 Capital commitments General commitments The company had no capital commitments at the Balance Sheet date. 10. Related party transactions There were no related paty transactions in the year. 11. Controlling interest The controlling paty of the company is considered to be the Board of Trustees. 12. Company limited by guarantee East Coast Ministries Oreland) Ltd is a company IiEnited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 O to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. Page 10
East Coast Ministries (Ireland) Ltd (A Company limited by guarantee) The following pages do not forn] part of the statlltory aceounts.
East Coast Ministries (Ireland) Ltd (A company limited by guarantee) DetaiIed statement of financial activities For the year ended 31 December 2022 2022 2021 Incolning resources Incomillg resources from generating funds: Donations Collections 500 2,018 500 2,018 Total incoming resources from generating funds 500 2,018 Total illcoming resources 500 2.018 Page 12
East Coast Ministries (Ireland) Ltd (A company limited by guarantee) Detailed statement of financial activities For the year ended 31 December 2022 2022 2021 Charitable activities Activity I Acfrvities undertaken directly Gospel Literare 515 275 515 275 Activity I totsl expenditure Total charitable activity expenditure Governance costs Activities up7dertaken directly Profesional- Accountancy Fees Office Expenses- Other Bank Fees 515 275 515 275 180 13 34 162 213 37 227 412 Totsl governance costs 227 412 Net incomingl(outgoing) resources for the year (242) 1,331 Page 13