Charity number: N100327 Company number: N1621497 East Coast Ministries (Ireland) Ltd (A company Jimited by guarantee) Directors, report and unaudited financial statements for the y&qr ended 31 Deeember 2023
East Coast Ministries (Ireland) Ltd (A company Jimited by guArantee) Contents Page Legal and admintstrative iDftITmation Trustees, report Indepcndent examiners, report Statement of financial activities Statement of Financial Positio Notes to the fmancial statements 8-10
East Coast Ministries Ureland) Ltd (A company limited by guarantee) Legal and administrative information Charlty number N100327 Company registration number N1621497 Buslness Address 25.27 Edward Street Portadown BT62 3NE Reglstered office 25.27 Edward Street Portadown BT62 3NE Trustees Timothy Mayes Accountants SD Bmwn & Company 25.27 Edward Street BT62 3NE Bankers 20 High Street Portadown BT62 IHU Page I
ast Coast Millistries Oreland) Ltd (A company Jijnitsd by gurntee) Report of the trust (incoryorating thc diTectors' report) for the year ended 31 December 2023 The trustees present their report and the fiaancial statements for the year ended 31 December 2023. Th¢ trust¢¢s, who are also directors of East Coast MinistrÉes Oreland) Ltd for tbe puOSe$ of con)pany law and who served during the year and up to the date of.this report are set out on page l. Structure) governance and mAnagement The company is Const1cd by ivs Memorandum and Articles of Associatio and limited by Guarantse, having no Share Capitsl. Only persons who subscribe to the objects expresse5 ill the Memorandum of Association of the Company, and are appointed by the Executive Con)mittee, or the company in a GeneTrl Meeting can be admitted as Tr8tees. RISKS The Executive Committee has conducted its owll review of the niajor risks to which the company is exposed, and systems have been establisb¢d to mitigate those risks. In order to Milli 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 aetkvltley East Coast Minithes (Ireland) Ltd is an organi7atson which exists for the furtherance of the Cbristian Religio Achfievements and perfonllanee Dwing the year ended 31 Decembw 2022 the directors were involved in the d]sIntiOll of Gospel Tracts throughout Ireland. Financial reviejv The results of tho company for the year are detailed on pages 5 to 10. Plans for future periods tn 2023 we have continued to distrjbute Gospel Tracts. Funds held as Custodian trustee on behalf of others No fi]nds are held as Custodian on behalf of othas. Page 2
East Coast Ministries reland) Ltd (A company limxted by guarantee) Report of the trustees (incorporating the direetors, report) for the year ended 31 December 2023 Statement of trustees, TPonsIbIlitIes The trustees (who are also directors of East Coast Miuistnes (Ireland) Ltd for the purpose of company law) are responsible for pryaring tbe Tniste&8' Annual Report and the financial statements in accordance with applicable law and United Kingdom Gen¢ralty Accepted Accounting Practice. Company law requires the trustees to prepare financial statements for each financial yw which. give a tru¢ and fair view ofthe State of affairs of the charitable company and of the incoming resour alld application of resources. including the income and expendiiiire, of tbe ch8Titable company for that period. In preparing these financi statements, the trustees are required to: Select suitable accounting po]icies and then appty them consistenty, observe the methods and priuctples in the Charities SORP. make judgements and estinth that are reasonable alld prudenl state whether applicable UK Acllting Standards have been follort subject to any material departures disclosed and explained in the financial stat¢rneD and prepare th¢ fjnancial statemert8 on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operatioL The trustees are responsible for keeping proper accounting records wbich disclose with reasonable accuracy at ally time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also reSpolbIe for saf¢8uarthng the assets of th¢ Charitable company and hence for taking reasonable stsps for the prevention and detection of fraud and other itregularities. Small company provlsions This report has been prepared in accordance with the provisions applicable to companies subject to the small Companies, regime. On behalf of the board Timothy Mayes Director 6 September 2024 Page 3
East Coast Ministries (Ireland) Ltd (A company limited by guarantee) Independent examiner's report to the trustees on the unaudited fmancial statements of East Coast Ministries (Ireland) Ltd. I report on the accouuts of East Coast Minith¢5 (Irejand) Ltd for the Y ended 31 De 2023 set out on pages 2 to io. Respectlye responsibilities of trustees and independent examiner As the charity trustees (alld also the directors of the cojnpany for the purposes of compally law) you are respon8ibEe for the preparation of the accounts in accordance with the requirements ofthe Companies Act 2006. Having satisfied myself that tbe charity is not subject to audit uttder company law, and is eli1¢ for independent examinatio it is my responsibilty to: l) examine the accounts under section 65 ofthe Clwittes Act 2) follow the procedures laid down inthe general DireclioDS given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities A¢t 3) state whether particular tterS bave come to my attention. Basis of independent examiner's statsmellt I have examitEed your charity accounts as rwired under section 65 of the eS Act and my examination was oarried out in accordance with the general Directions given by the Charity Conjmission ftir Nortbern Ireland undeT section 65(9)(b) of the Charities ACL The eXamItion included a review of the accounting Tecords 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 accounts and seekng explanations fmmyou as ¢haritytrustees concfflling any such matters. My role is to stats whether any material matters have come to my attention giving me cause to believe: a) that accounting records were not kept in accordance with sectton 386 of the CompaDies Act 2006 b) that the accounts do not accord with those accowiting records c) that the accounts do not ¢omply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods atkd prin¢iples of the Charitles Statement of Recommended Practice applicable to clwities preparing their accounts in accordCe with the Financial Reporting Standard appltcable in the UK and Republic of Ireland d) that there is further infonnation needed for aproper widerstallding of the accounts to be reached Independent examiner's statement I have completed my examinatÉon aud have no concerns ill respect of the matters (a) to (d) listed above and in connection with following the Directions of the C]iaTity Conllnissii)n for Northern ]relall i have fowid no matters that require drawing to YOUT attentio Independent eMIner Samuel David Brown Chartered Certified Aeeoulltant Carnegie Building 25-27 Edward Street Portadown Co. Arniagh BT62 3NE 6 September 2024 Page 4
East Coast Ministrles (Ireland) Ltd (A company limited by guarantee) Statement of financial aetivities (incorporating the income and expenditure account) For the year ended 31 December 2023 Unrestricted nds 2023 Total 2022 Total Notes Incoming resources Tneoming resources from generating fimds: Donations 500 Totsl Incoming resollrees 500 Resources expended Establisbment costs Accountancy fees Other Office Expenses IntsTest payable and similar charges Total resources expended 240 198 131 42 240 198 131 42 515 180 13 34 611 611 742 Net incomingl(outgoing) resourees for the year I Net lncome1(eD8ej for the year (611) (611) (242) Totsl fimds brought forward 4,006 4.006 4,248 Total funds earrAed forward 3,395 3,395 4,006 The ststement of fjnanciai aotivities includes all gains and losses in the year and therefore a separate statement of totsl reco)ISed gains and losses has notbeen prepared. All ofthe above amounts relats to continuing activities. The notes oll page8 8 to io forni an integral part of these finanelal statements. Page 5
Kast Coast Ministries (Ireland) Ltd (A Company limited by guarantee) Statement of Financial Position as at 31 December 2023 2023 2022 Notes Current assets Cash at bank and in band 3,564 4.175 3.564 4.175 Creditors: amounts falling due withln one year (169) (169) Net Current assets 3395 4,006 Net assets 3,395 4,006 Funds Unrestricted income fimds 3,395 4,006 Total funds 3,395 4,006 The Balance Sheet continues on th¢ following page. The notes on pages 8 to 10 forni #n integral part of these financial statement Page 6
East Coast Ministries (Ireland) Ltd (A eompany limited by gllarantee) Balance sheet (continued) Trustees statements required by the Companies Act 2006 for the year ended 31 December 2023 In approving th&8e financial Statem as trustees ofthe company we hereby co])fllm that: (a) for the year the company was entitled to exemption from audit under section 477 of the Companies A¢t 2006 relating to small companies. (b) the members have not required tbe company to obtain an audit of its accounts fior the year in question in accordance with section 476. (c) the directors a¢knowledge their responsfi)i]Rtses for comptying with the requirements of the Act with respect to accounting records and the preparation of accounts. (d) these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The fjnancial statements were approved by the board on 6 September 2024 and signed on its behalf by Tlmotby Ivlayes Director The notss on PAges 8 to 10 fonn an illtegral part of thue fjnancirdl statemen1& Page 7
East Coast Ministries (TrelaDd) Ltd (A company limited by guarantee) Notes to financial statements for the year ended 31 December 2023 AceollntiDg policies The principal accounting policies are sumaSed below. The accounting policies have been applled consistentty througbout the year and the preceding year. 1.1. Basis of a¢counting The financial statements h&ve been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparillg tbeir accounts in accordance with the Financial reporting Standard Applicable in the UK and Republic of Ireland(FRS 102) (effertive 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 definitlon of a public benefit entity under FRS 102. Assets and liabilities are initially recogtiised at historical cost or Iransaction vakne UDless otherwRse stated iii the relevant accounting policy. Casbflow The charity has taken advantsge of the exemption in FÉnancial Reporting Standard applicable in the UK and Republic of Ixeland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)). from the requirement to produce a cash flow statement on the grounds that it is a small ¢l)aritsble charity. 1.3. Fund aecounting General funds are unrestricted fimds which ore available for use at the discretion of the trustees in fierance of the general objectives ofthe charity and which have not been designated for other pury)oses. Incoming resoure All incoming resources are inched in the statement of financial activities when the chwity is entitled to the income and the amount ¢8n be quantified with reasonable accuracy. The folloJYiDg specific policies are applied to particutsr categories of incon. Voluntary income is recekved by way of grants, donations and ftS and is included full ill the staten]ent of fanCiaL activities when receivable. GTants wbere entitEemellt is not conditional on the delivery of a specific perf0MLCe by the charity, are recogllised when the clwity becomes unconditionally entitled to the granL Donated services and facilities are included at the value to the charity where this can be quantified The value of seryi¢¢s provided by volunteers has not been include Gifts donated for resale are included as incoming resources wilbi)) activities for generatill8 fimds when they are sol 1.5. Resources expended Expenditure is recognised on an accnthl basis &8 a liability is iocurre(L Expenditure includes any VAT which cannot be fully recovere(l and is reported &s part of the expenditure to which it relths. Charitable expenditure comprises those costs iacurred by the charity in the de]ivery of its actAvities and.services for its beneficiaries. It includes both costs that can b¢ allocated drectty to such activities and those costs of an indirect nature necessary to supportthenL Page 8
East Coast Ministries (Ireland) Ltd (A company limitsd by guarantee) Notes to r]naneial statements for the year ended 31 Deeember 2023 Donatio]L8 2023 Total 2022 Total Donations 500 500 Employees Employment costs No salaries or wages have beell paid to employee4 includi the ttustees, the year. Taxation The charity's activities fall within the exemptions afforded by the provisioDS of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accoutts. Creditors: amounts falling due within one year 2023 2022 Accruals and deferred incoll 169 169 Analysis of net assets between funds UDrestrlcted funds Total funds Fund balances at 31 De¢ember2023 as represented ty. Current assets Current liabilittes 3,564 (169) 3,395 3.564 (169) 3.395 Unrestricted ndS At At l January Incomlng Outgoing 31 December 2023 re50urees resources 2023 Unrestricted Funds 4248 500 (742) 4,006 Page 9
ast Coast Ministries (Treland) Ltd (A company ]imited by guarantee) Notes to financial statements for the year ended 31 December 2023 Capitsl commitments The company hadno capitsl commilments at th¢ Bslaace Sheet date. Related party transaetions There were no related party transactions in the year. 10. Controlling intsrest The controlling party ofthe company is CODsidered to be the Board of Trustees. 11. Company Ilmited by guarantee East Coast Ministries (Irelan Ltd is a compw ]imited by guarats and accordingly does not have a share capital. Every member of the company undertakn to contribute such amouut as may be required not exceeding £10 to the assets of the charitable con]pany in the event of its being wound while he or she is a member, or within one year afcer he or she ceases to be a memb. Page 10
East Coast Ministraes (Ireland) Ltd (A company limited by guarantee) The following pages do not forni part of the statstory accoDJx
East Coast Ministries (Ireland) Ltd (A eornpany limited by guarantee) Detalled statement of financial activiti For the year ended 31 December 2023 2023 2022 Incoming resources Incoming resources from generating funds: Donatiotty Collections 500 500 Total incoming resources fn)m generallng funds 500 Total incoming resourc 500 Pag¢ 12
East Coast Ministrie5 Oreland) Ltd (A COD]pany limited by guarantee) Detailed statement of finaneial activiti For the year ended 31 December 2023 2023 2022 Charitable activities Activity I Activities zlndertaken directly Gospel Literature 240 515 240 515 Adivity I total expenditure Total charitable acknity expenditsre Governance Costs Ac1witi undertaken directly Profesional- Accountsncy Fees Office Expenses- Other Bank Fees 240 515 515 198 13 42 180 213 34 253 427 Total governance costs 253 427 Net incomingl(outgoing) rnsources for the year (493) (442) Page 13