STATEMENT OF FINANCIAL ACTIVITIES FOR CONTEMPORARY
CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31
MARCH 2024
Unrestrfctod Unrestrlcted
Funds
Funds
2024
2023
Note
Income from:
Donations and Legacies
Charitable activities
Investments
Total Income
4,734
6,241
10
4,744
6,250
Expendltura on:
Charitable activities
Net Income for the yearlNot movement In
funds
1,146
Fund balances brought fotward
Total fund8 carrled forward
11.559
10,413
The statement of financial activities includes all gains and losses in the year.
All income and expenditure derive from continuing operations.
The statement of financial activities also complies with the requirements for an income and
expenditure account under the Companies Act 2006.

BALANCE SHEET FOR CONTEMPORARY CHRISTIANITY (NORTHER
IRELAND) LIMITED AS AT 31 MARCH 2024
2024
2023
Note
Tanglble Assets
11
183
Current assets
Stocks
Debtors
Cash at bank and
in hand
Net assets
12
13
90
785
10,620
100
1,159
9,511
11.495
10.770
Currnnt Liabllitles
Creditors: amounts
due within one year
Nèt Current
As8et8
14
(540)
11A95
10,230
Total Assets less
Current Llabllltle8
11.559
10,413
The funds of the
charlty
Unrestricted
income funds
Total charfty
funds
11.559
10,413
11.559
10A13
For the year ending 31 March 2024, the company was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records
that comply with section 386 of the Act and for preparing financial statements that give a true and fair
view of the state of affairs of the company complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of accounts. These accounts have been as at
the end of the financial year and of its incoming resources and application of resources, including its
income and expenditure. for the financial year in accordance with the requirements of sections 394 and
395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
The members have not required the company to obtain an audit of its financial ststements for the year
in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions appluble to
companies subject to the small companies. regime.
Approved by the Trustees on 5th November 2024
Rev Dr N Hamilton
Trustee

NOTES TO THE FINANCIAL STATEMENTS FOR CONTEMPORARY
CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31
MARCH 2024
ACCOUNTING POLICIES
Charlty Infomiatlon
Contemporary Christianity (Northern Ireland) Limited is a private company limited by guarantee
incorporated in Northern Ireland. The registered office if 48 Elmwood Avenue, 6AZ, Co. Antrim,
BT9 6P2, Northem Ireland.
(a) Accountlng Conventlon
The accounts have been prepared in accordance with the Charity's governing document, the
Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102)° (as amended for accounting
periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by
FRS102.
The charty has tsken advantage of the provisions of the SORP for charities applying FRS 102
Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling. which Is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal
accounting policies adopted are set out below.
(bl Golng concern
At the tie of approving the financial statements, the trustees have a reasonable expectation that
the charity has adequate resources to continue in operational existence for the foreseeable future.
Thus, the trustees continue to adopt the going concem basis of accounting in preparing the
financial statements.
{¢) Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in fvrtherance of their
charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
(d) Incoming resources
Incorne is recognised when the charity is legally entitled to it after any performance conditions have
been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has
been notified of the donation. unless performance conditions required deferral of the amount.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Turnover is measured at the fair value of the consideration received or receivable and represents
amounts receivable for goods and services provided in the normal course of business, net of
discounts, VAT and other sales related tsxes.
(e) Resources expended
Expenditure Is recognised as soon as there is a legal or constructive obligation to make a payment
to a third party, it is probable that settlement will be required and the amount of the obligation can
be measured reliably. Expenditure is classified under the following activity heading:

NOTES TO THE FINANCIAL STATEMENTS FOR CONTEMPORARY
CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31
MARCH 2024
Expenditure on charitable activities wmprises those costs incurred by the charity in the
delivery of its activities and services for its beneficiaries. It includes both costs that can be
allocated directly to such activities and those costs of an indlrect nature necessary to support
them. Irrecoverable VAT is charged as a cost against the activity for which the expenditure
was incurred.
(fj Tanglble fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or
valuation, net of depreciation and any impairment issues.
Depreciation is recognised so as to vKite off the cost or valuation of assets less their residual values
over their useful lives on the following bases:
Fixtures and ffttings
Computers
20% straight line
200h straight line
The gain or loss on the disposal of an asset is detemined as the difference between the sale
proceeds and the carying value of the asset, and it is recognised in net incomel(expenditure) for
the year.
(g) Impalrnient of fixed a888ts
At each reporting end date, the charity reviews the carrying amounts of its tangible and intsngible
assets to determine whether there is any indication that those assets have suffered an impaimient
loss. If any such indication exists, the recoverable amount of the asset is estimated in order to
detennine the extent of the impairment (if any).
(h) Stocks
Stocks are stated at the lower of cost and estimated selling prices less costs to complete and sell.
Cost comprises direct materials and, where applicable, direct labour costs and those overheads
that have been incurred in bringing the stocks to their present location and condits"on. Items held
for distribution at no or nominal consideratton are measured the lower of replacement cost and
{11 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tsmi
liquid investments with original maturities of three months or less. and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabilities.
U) Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments" and
Section 12 '0ther Financial Instruments Issues. of FRS102 to all of its financial instruments.
Financial instruments are recognlsed in the charity's balance sheet when the charity becomes
party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts and the
is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Baslc financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured
at transaction price including transaction costs are subsequently carried at amortised cost using
the effective interest method unless the arrangement contributes a financing transaction, where
the transaction is measured at the present value of the future receipts discounted at a market rate
of interest. Financial assets classified as receivable within one year are not amortised.
Baslc flnanclal Ilabllftlos
10

NOTES TO THE FINANCIAL STATEMENTS FOR CONTEMPORARY
CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31
MARCH 2024
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction
price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future payments discounted at the market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate
method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
counse of operations from suppliers. Amounts payable are classffied as current liabilities if payment
is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors
are recognised initially at transacb'on price and subsequently measured at amortised cost using
the effective interest method.
Derecognltlon of flnancl81 Ilabllftles
Financial liabilities are derecognised when the charity's contractual obligations expire or are
discharged or cancelled.
crftlcal accountlng estlmates and Judgements
In the application of the charity's accounting polic￿S, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that
are not readily apparent from other SoUr￿s. The estimates and associated assumptions are based
on historical experience and other factors that are considered to be relevant. Actual results may
differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revision affects both current and future periods.
3. Donatlon8 and legac186
2024
2023
Donatrons and gifts
Trusts
4,374
360
4.734
5,881
360
6,241
Charltable actlvltlos
2024
2023
Sales within charltable activities
5. Inv08tments
Unre8trlcted
Fund8
2024
Unrestrlcted
Fund8
2023
Interest receivable
10
11

NOTES TO THE FINANCIAL STATEMENTS FOR CONTEMPORARY
CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31
MARCH 2024
6. Charltable actlvltle8
Unr88trlct•d
Funds
2024
Unrestrfcted
Funds
2023
Depreciation and impaiment
Resources
Opening Stock
Closing Stock
Subscriptions
119
503
100
(90)
85
717
119
1.160
120
(100)
229
1,508
Share of support cost5 (see note 7)
Share of governance costs (see note 7)
2,671
210
3.598
3,246
653
SA07
7. Support ¢08ts
Support Govornance
Costs
¢08ts
2024
2023
Basls of
allocatlon
Rent
Insurance
Bank interest & charges
Printing, Postage,
Photocopying & Stationery
Sundry Expenses
Independent Examination
Fees
Legal and professional
1,320
300
42
1.320
300
42
1,320
1,009
1,009
1,588
540 Govemance
90
120
210
90
120
113 Governan
Analysed between Charitable
activities
2,671
210
2,881
3,899
Govemance costs include payments to the independent examiners of £90 (2023: £540) for
accountancy fees.
Trustses
None of the Trustees (or any persons connected with them) recetved any remuneration or
benefits from the charty during the year.
Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Total
12

NOTES TO THE FINANCIAL STATEMENTS FOR CONTEMPORARY
CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31
MARCH 2024
10. Tanglble flxed assets
Comput8r8
C08t
At 1 April 2023
At 31 March 2024
593
593
Deprgclatlon and Impalrnlent
At 1 April 2023
Depreciation charged in the year
At 31 March 2024
410
119
529
Carrylng amount
At 31 March 2024
At 31 March 2023
183
11. Stocks
2024
2023
Finished goods and goods for resale
90
100
12. Debtors
2024
2023
Other Debtors
Prepayments and accrued income
785
990
169
785
13. Crndltor8
2024
2023
Accruals
540
14. Analy8ls of net assets between funds
Unrestrlcted
Funds
2024
Unrestrlcted
Funds
2023
Fund balances at 31 March represented by:
Tangible assets
Current assetsl(liabilities)
183
10,230
11.495
13

NOTES TO THE FINANCIAL STATEMENTS FOR CONTEMPORARY
CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31
MARCH 2024
15. Related party transactlons
There were no disclosable related paty transactions during the year (2023: none).
14