Fage 2 EVANGELICAL BOOKSHOP TRUSTEE5ANNUAL REPORT YEAR ENDED 31 JANUARY 2024 The Iruste¢s pr¢sen¢ th¢ir report and fllwicial statements of ihe charity for ihe year ended 3111 January 2024. The trnslees have adopted the provisions of the Statement of Recommended (SORP)"Accounting and RqrtIng by Chariti¢s" {FRS 102) in preparing th¢ annual report and financial slalements of ihe charily. The financial stalcments have been prepared in accordance with the ac¢ounting p)licies set out in rrf)les to the financial $tatemenls and comply wilh the ¢harily'S gov¢ming document. charity law for Northern Ireland and '£hdrities SORP (FRS 102) {8¢wnd dillon Ociober 2019) Accountin8 and R4lA8 by Charities: Statement of Recommended Practice applicable to charities preparing iheir a¢¢ounts in 8ccordancc with the Financial Reporting Standard applicabl¢ in Ihe United Kingdom and Republic of Ireland (FRS 102)", the "Financial Reporting Standard applicablc in the Uniied Kingdom and Republic of Ireland (FRS 102) (March 2018)" Charilies Aci (Northern Ireland) 2008, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and UK Generally AccqAed ArAounlin8 Practi¢c. REFERENCE AND ADMINISTIL4TIVE DETAtLS Reglstered eharlty nan Evangelical BkshOP NIC I560 Chlrlty number ReElstered Offiee 13 Colle8e Squatt East. Belfast, BTI 6DD Independent examlner B J Friar FCA GMCG Belfa51. Chartered Accountanls & Statutory Auditor. Alfred House. 19 Alfred Sir, Belfa81, Bf2 8EQ Danske Bank , 9 Donegall Square NortK Belfast, BTI 5GJ Bankerj TRUSTEES OF THE CHARITY The Iru31¢es who Serv during ihe year were as follows.. Rev A J Lucas D Watson Rev Dr R Beckett E C Brown {reslgned 91h October 2024) PUBLIC BENEFIT STATEMENT The Board of Trustees of the Evangelical Bookshop wnfirni that th¢y had due regard for th¢ guidance prodUd on public ber11 by ihe Chariiy Commission for Northern Ireland and are pleased to report that during the y¢ar ihc charity has continued to provide public b¢n¢fits through the holding of as5¢1s by th¢ Gharity for the benefit of the Evangelical Pre$bcr1aft Church. the furthering of Christian objective3 to spread an evan8elical m¢ssa8e in particular ihrough the acce5S to iheological resources and dissemination of c11stIan literature to Church's ministers, teachets leaders. congresaiions and th¢ public in generdl and Ih¢provisi¢)noffacilities for meetings and we refcrto th¢ 8uidance when reviewing our aims and objectives and in plannin8 our fviurc activilies.
Page 3 EVANGELICAL BOOKSHOP TRUSTEES ANNUAL REPORT(withiu•dJ YEAR ENDED 31 JANUARY 2024 OBJECTIVES AND ACTIVITIF3 The purpos¢ and eharitabl¢ objeclive of ihe charity is ih¢ holding of assets by the orsanisalion for the benefit of the Evangelical Pr¢Sb¢rlan Church, in particular through the dissemination of chrilan litcrdture. The dired public benefils which tlow lo Ihc Evan8¢1ical PresbCri8n Church from ihe chariiy. PUTP)ses the continued holding of an assd (namely A real estale ass of a refjjrbished, 4-Storey, well- maintaincd city caiire premises, ils equipment and stock) for its benefit; lh¢ g4y)dwill developed as a result of the work carricd out iherein; Ihe fiherIng of Christian objectives to spread an evangelical messa8¢ and witne&8 and the benefit of ihc Chur¢h's minister8, leacher4 leaders and indeed ¢ongr¢8alions through ac¢¢ss to Ih¢olo8ieal resources which enhaftc their means for spiritual and educational d¢v¢lopment, Ihe provision of a ChuKh Denominalion address, forum, facililies for meetin8s. distribution of Ihe Church Masazine and advertising. The evidence or proof of these benefits ¢4n variously be found An the Church's close identity with our 800d worK ils continued ronnli0n wilh ourorganisation, its long-lerni and ongoing use of the facilili¢s and in our annual aOunt8. Indirect benefils do a¢crue to the public al large, namely the improvem¢nts enjoyed in their r¢ligious knowled8e and education, bui this is an incidental oulworkin8 of the Bookshop's dissemination or Chrisiian lilerature. All members of the public are target b¢neficiaries of ihe Church and so this is of broad assi8lanc¢ to it. The beneficiary of our organisation is the Evan8eli¢al Presberian Church. The pr¢mis¢s al Number15 College Square EA$t Belfast are held by us for the benefil of the Evangelical Prubyterian Church and all the receipts profils and income from the said pr¢mises aftu payment of all necessary outgoings. repairs, maintenance. insurance and all expenses in respeci of the premises, will from lime to tim¢ be paid by us to th¢ Central Fund of the said Evangelical Pre$berian chh or lo such other Fund or Funds in ronnlI0n wilh th¢ said Church as shall be dld from lime lo time by us or a majority of No harnis arise from our purposes. STRUCTUR4 GOVERNANCE AND MANAGEMENT Gov¢rnlfjg do¢ument The bookshop is a charitable tThlSt constituted under a Irust deed dated 26 Oc¢okr 1982. which is r¢eA)gnised as a charity by HM Revenue and Customs (refer¢n¢e numb¢r XN 46617). The charity was registered wilh The Charity Commission for Northern Ireland on 291h August 2014, under referenrx NIC 100560. RecruitmeD( appolulmenl, Indu¢tlon And tralnlng The present irustees have been involveAI in the charity for a number of years and so are familiar with lis work. The trustees regularly review the requirements of ihc charity and the possibility of a need for addilional trustees. Any new tNst¢es would be appointed by resolution of a me¢ting of all the trustces passed by a majority of ihos¢ presenl. Appropriate Iraining and induction is available to all trustees.
Page 4 EVANGEUCAL BOOKSHOP TRUSTEES ANNUAL REPORT(¢onllnu•dJ YEAR ENDED 31 JANUARY 2024 STRUCTUR& GOVERNANCE AIYD MANAGEMENT (¢OAilnued) FIDaDdal rlsk nuoigement objectlves and tralnlng The tTUStees have overall resnSIbilitY for ensurin8 thal Ihe charity has in plac¢ an appropriate system of conlrols, finan¢ial arxa otherwis4 lo provide assurancc ihat: the charily Is operating effectively: its assets arc safeguarded against unauihorised use or di8PLbSitton; proper rerdS are maintained ond financial information used within the charity or for pUblI¢10n is reliable; the charity complies wiih relevani laws and regulations; and the charity's sysl¢ms of financial control arc design to provide reasonable, but not absolute assurance against malerial misstatement or loss. The Irust¢es have assessed the major risks to which the charity is exposed. in particular those related io lh¢ operations and finances of the charity, The Irusle¢s are satisfied that Systems ar¢ in place to mili8ate any exposur¢ lo major risks. ACHIEVEMENTS AND PERFORMANCE Total in¢om¢ for the year was £334,889 {2023 - £3,171). Income derived from charilable activities amounled to £312,068 (2023 - £275,909). other incomc totalled £2,000 <2023 £1,667): donalions totalled £20,650 {2023 - £22,584) invesiment income tOlall¢d £1 71 (2023 - £11). Total expenditure for the year amounied 10 £330,009 (2023 - £289,017). The cost of eharitable 8¢tivities amounted to £326,009 (2023 - £286.967) and Bovernae eosls amount¢d10 £4,(W (2023 - £2,050). Th¢ nd iwA>m¢ for the year amounl¢d to £4,880 (2023 - £11,1 $4 n¢1 in¢om¢). The Tntstees Considers Ih8l the ¢harity is in a MiisfaGtory position to carry on its Charitable ac11vili. FINANCIAL REVIEW Re8erv¢s pollcy It 18 the policy of the charity to maintaln free reserves which maich&8 the needs of the or8anisation, both at the cunent lime and in ihe foreseeable future. This provides sufficient funds to Cover nuu]ing cosis which irtclude managemeni, administration and support costs. Free reserves ar¢ those unrestricted reserv¢5 not designated nor invested in fixd assets which are available for general us¢. PLANS FOR FUTURE PERIODS The bookshop will continu¢ lo seek every OPPOTlunily to inor¢as¢ irrtome. STATEMENT OF RESPONSIBILTIES OF THE TRUSTEES Th¢ Board of Truslees are ra8pon8ible for preparin8 the financial slalemenls in accordan¢¢ with applicable law and United Kingdom Accounting Slandar& (United Kingdom Generally Accepted Accounting Practice). Th¢ law applicable lo charities in Northern Ireland requires ihe INste lo prepar¢ financial slatements for each financial year which give a tNe and fair view of the state of affairs of the charity and of th¢ incomin8 resources and applicalion of r¢sour¢¢s of the charity for that period.
Page 5 EVANGELICAL BOOKSHOP TRUSTEES ANNUAL REPORT (¢¢ntlnu•d) YEAR ENDED 31 JANUARY 2024 STATEMENT OF RESPONSIBILTIES OF THE TRUSTEES (eoNilnuedJ In preparing th¢s¢ financial statement& lh¢ trustees are required to: select suilabl¢ aOuntIng policies and then apply them conslStently> observ¢ the methods and principles in the Chariti¢$ SORP (FRS 102) (SOnd edition - October 2019) make judgements and eslimates that are r¢asonable and prudcnt: state whether applicable Accounting standards have been followed, subject to any material departures disclos¢d and explained in th¢ financial statements: prepare the financial ststements on the going concern basis unless it is inappropriale to presume that the charity will conlinue in operation. The Irustees ar¢ responsible for keepin8 proper accounling records thal disclose with reasonable accuracy ai any time the financial position of the charity and cnable them to ensure that the financial statements comply wilh the Chorities Act orthern Ireland) 2008, the Charities (Accounts and Reports) Regulations (Northem Ireland) 2015 and the provisions of the trusi deed. The trustees are also sponsible for safeguarding ihe assels of the charity and h¢n¢¢ for takin8 reasonable sleps for the prevention and det¢¢tion of fraud and other irTegularili¢s. The trustees resp)nsible for the maintenance and integrity of the charity and financial inforniation inclu&d on the charity's website. Le8islaiion in the United Kin8dom governing ihe pparatiOn and dissemination of financial slat¢m¢nts may diff¢r from le8isIAtion in dher jurisdi¢lions. D18eloJuYe of Inform4llon to Independenl exgmiDér So far as ea¢h of the trustees in office at the date of approval of th¢s¢ financial $iat¢m¢nts is aware: there is no relevanl infornlation for the independent examination of which th¢ charity's independent examiner are unaware; hnd they have taken all sleps that ihey ought to have taken as trustees to make theMly¢S aware or any r¢l¢vant infomiation and to establish Ihai the charity's ind¢pendent ¢xaminer ar¢ awar¢ of that inforniation. INDEPENDENT EXAMINER GMCG B¢lfasl will continu¢ in office as independent examiner for ihe ensuin8 year. REGISTERED OFFICE BY ORDER OF THE BOARD OF TRUSTEES 15 College Square Ehsl Belfasi BTI 6DD D Watson Trustee Approved by the Irustees on ..........