STATEMENT OF FINANCIAL ACTIVITIES FOR CONTEMPORARY CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Unrestricted Funds Funds 2025 2024 Nots Income from: Donations and Legacies Charitable activities Investrnents Total Income 4,642 4,734 11 4,653 10 4,744 Expendlture on: Charitable activities Net Income for the yearlNet movement In funds Fund balances brought forward Total fund8 carrled forward The statement of financial activities includes all gains and losses in the year. All income and expenditure derive from continuing operatlons. The ststement of financial activlties also complles with the requlrements for an income and expenditure account under the Companies Act 2006.
BALANCE SHEET FOR CONTEMPORARY CHRISTIANITY (NORTHER IRELAND) LIMITED AS AT 31 MARCH 2025 2025 2024 Note Tanglble Assets 11 64 Current as8et8 Stocks Debtors Cash at bank and in hand Net assets 90 747 90 785 12 12,353 11.495 Current Llabllltles Creditors: amounts due withln one year Net Current As8•ts 13 12,353 11A95 Total Assets Less Current Llabllltles 12,353 11.559 The funds of the charity Unrestricted income funds Total charlty funds For the year ending 31 March 2025, 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 stste of affairs of the company complying with the reqU1ments 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 ststements, so far as applicable to the company. The members have not required the company to obtsin an audlt of Its financial statements for the year In questlon in accordance wlth sectlon 476. These financlal statements have been prepared In accordance with the provisions applicable to companies subject to the small companies, regime. Approved by the Trustees on 4th November 2025 Rev Dr N Hamllton Trustee
NOTES TO THE FINANCIAL STATEMENTS FOR CONTEMPORARY CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Charity Information Contemporary Christianity (Northern Ireland) Limited is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Inter Church Centre, Belfast Cathedral Centre, Donegall Street, Belfas( BT12HB, Northern Ireland. (a) Accounting Convention 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 practi 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 18 a Publlc Benefit Entlty as defined by FRS102. The charity has taken advantage of the provisions of the SORP for charities applylng FRS 102 Update Bulletln 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. (b) 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 concern basis of accounting In preparing the financial statements. (c) Charltable fund8 Unrestricted funds are available for use at the discretion of the trustees in furtherance 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) Incomlng resources Income is recognised when the charlty is legally entrtled to It after any performance conditions have been met, the amounts can bè measured reliably, and It Is probable that income will be recelved. 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 r1Ved under Gift Aid or deeds of covenant is recognised at the time of the donation. Turnover is measured at the fair value of the considerats.on receNed 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 taxes. le) Resources expendod Expenditure is recognised as soon as there is a legal or constructive obligakn'on 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: 10
NOTES TO THE FINANCIAL STATEMENTS FOR CONTEMPORARY CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities comprises those costs incuffed 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 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 write off the cost or valuation of assets less thelr residual values over their useful lives on the following bases: Fixtures and fittings Computers 20 % straight line 20% straight Ilne The gain or loss on the disposal of an asset Is determined as the difference between the sale proceeds and the carrying value of the asset, and it Is recognised in net incomel{expenditure) for the year. (g) Impalrment of flxod assets At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to detemine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is eslimated in order to determine the extent of the impairment (if any). (h) Stocks Stocks are ststed 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 condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. (l) Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term 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 '8asic Financial Instruments and Section 12 '0ther Financial Instrurnents Issues, of FRS102 to all of its financial instruments. Financial instruments are recognised 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 there 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 effects've 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 classffied as receivable within one year are not amortised. 11
NOTES TO THE FINANCIAL STATEMENTS FOR CONTEMPORARY CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31 MARCH 2025 Baslc flnanclal Ilabilitles 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 credltors are obligatlons to pay for goods or seNlces that have been acquired in the ordinary course of operats'ons from suppliers. Amounts payable are classified 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 transaction price and subsequently measured at amortised cost uslng the effective interest method. Derecognltlon of financlal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations explre or are discharged or cancelled. Crltlcal accountlng 08timates and Judgements In the application of the charity's accounting policies, the trustees are requlred to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. 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 basi8. 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 fijture periods. Donatlon8 and18gacle8 2025 2024 Donations and gifts Trusts 4,282 360 4,374 360 Charltsble actlvltles 2025 2024 Sales within charitable activities Investments Unrestricted Funds 2025 Unrostrlcted Funds 2024 Interest receivable 10 12
NOTES TO THE FINANCIAL STATEMENTS FOR CONTEMPORARY CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31 MARCH 2025 Charltable activltles Unrestrlcted Funds 2025 Unrestricted Funds 2024 Depreciation and impairment Resour$ Opening Stock Closing Stock Subscriptions 64 250 90 (90) 241 555 119 503 100 {90) 85 717 Share of support costs (see note 7) Share of governance costs (see note 7) 3,079 225 2,671 210 7. Support Costs Support Governance Costs 2025 2024 Ba$18 of allocatlon Rent Insurance Bank interest & charges Printing, Postage, Photocopying & Stationery Sundry Expenses Independent Exarnination Fees Legal and professional 1,420 300 41 1,318 1,420 300 41 1,318 1.320 300 42 1,009 100 100 90 Governance 125 225 125 120 Governance Analysed between Charitable activities 225 3,304 2,881 Govemance costs include payments to the Independent examlners of £100 (2024: £90) for accountancy fees. Trusto None of the Trustees (or any persons connected with them) received any mUneratiOn or benefits from the charity during the year. Employees The average rnonthly number of employees during the year was., 2024 Number 2023 Number Total 13
NOTES TO THE FINANCIAL STATEMENTS FOR CONTEMPORARY CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31 MARCH 2025 10. Tangible fixed as88ts Computers At 1 April 2024 At 31 March 2025 593 593 Depreclatlon and Impalrnient At 1 April 2024 Depreciation charged in the year At 31 March 2025 529 84 593 Carrylng amount At 31 March 2025 At 31 March 2024 11. Stock8 2025 2024 Flnished goods and goods for resale 90 90 12. Debtors 2025 2024 Other Debtors Prepayments and accrued Incom 747 785 747 785 13. Credltor8 2025 2024 Accruals 14. Analysls of net a888ts between funds Unrestrlcted Funds 2025 UnrestrScted Funds 2024 Fund balances at 31 March represented by: Tangible assets Current assetsl(liabilities) 12,353 11,559 14
NOTES TO THE FINANCIAL STATEMENTS FOR CONTEMPORARY CHRISTIANITY (NORTHERN IRELAND) LIMITED FOR THE YEAR ENDED 31 MARCH 2025 15. Related party transactlons There were no disclosable related party transactions during the year (2024: none). 15