2024-08-31-accounts

JOURNEY COMMUNITY CHURCH STATEMEKf OF FINANCIAL ACTIVITILS If4CORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31st AUGU￿ 2024 Re•tricted Fundi F•ndy Total Total 2024 2024 2024 2023 Note Dcmations rweived Other income 412.020 14066 38387 450.907 14,066 498.065 Totsl income 426,686 38387 464.973 498.065 Rtsolr￿ expended: Chariiabk activities Depreciation 375.250 45.081 420J31 82,923 438.497 80.119 Tot*1 expenditure 458,173 45,081 503254 518,616 incorne/{expenditsre) before transfers (31.48T) {ffj794) (38281) (20,551) Transfers between funds 310.913 (310.913) Net movement in funds 279.426 (317,707) (38,281) (20,551) Reconaliation of funds: Totsl funds brougbt for•v2rd 317.707 320.786 341.337 Totgl fund5 tarried forward 282505 282JOS 320,786 The Statement of fuwiciaj activities includes all gains and losses recognised in the year. All in￿¢ and ex￿nditUre derives fr(Mn continuing activities. The ockns ￿ F4W 12 ￿ 18 f(Ym ofthvje fmancial ststern￿ 10

JOURNEY COMMUNITY CHURCH STATEMENT OF FINANCIAL IX)SITION I BALANCE SHF.FT AS AT 31st Aucu¥f 2024 (Compally Registr*lioB Number: N1619075> Note 2024 2023 FiIed assets Tangible fixed Lssets Totsl fixed •wts 641,589 641589 Current amets Debior5 Cash at bank Total currenl assets 10 23.856 12221 JQ077 24.904 28.602 Credltors - amounts falling due within one year 75,062 75.062 Nel currenl a￿ets1(li8bllllle5) (17.629) 21,556 Total a55ets less current liabilities 582J15 620,033 CreditOTS - amounts falling due after one year 12 (300,1MM)) (299247) Total net assets 13 282505 320.786 Unrestricted funds General funds Total unrestricted funds Restricted funds Total charity funds 14 282.505 282,505 3,079 3.079 317,707 320.786 14 For the fmancial year ended 31 st August 2024 the company was entitled to exemption from audit under seclion 477 of the Companies Act 2006 relating to small companie& The members have not required the company to obtain an audit in accordance with section 476 of the Compatties Act 2006. The directors acknowledge their responsibilities for comptying with the rtyuirements of the Companies Act with respect to accounting recorts and the preparation of a￿Ounts. These fmancial staternents have been prepared in accordance with the special provisions relaling to companies subject lo the small companies regime within Part 15 of the Companies Act 2(M)6 and with Charities SORP- FRSIO2. The notes pages 12 to 18 are an integrdl part of these fmancial statements. The financial statements on pages l O to 18 were approved by th on its I￿a]r by: d of TnLStees on 20 June 2025 and signed Pastsff John Ashe Ms cath￿ine Mc The noies ￿ wes 12 to l 8 f(ffm pfft of these finwKial s¢ai¢mfJ

JOURNF.Y COMMUNITY CHURCH OTES TO THE FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 3111 AUGusf 2024 Th¢ c{￿panY is limited by guarantee and is inclvwraial in Northern Ireland. The auuru5 of the registered office is 3 Orchard Close, Antrim. BT412RZ. The financial statements were authorised issue by the B(rd on 20 June 2025. 2. Accounting ￿lI¢t5 The principal ￿￿}UntIng policies adopte4 judgernents and key sources of estimation uncertainty in thts. prepardlion of the financial statements are &5 follows- B95]5 of pre￿ratIOn The financial $￿ements have been prepared ￿ a going concern basis in accordance with Accounting and ReFK)rting 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) (Charities SORP (FRS 102)). the Financial Reporting SL￿dard applicable in ihe UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The chaTity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value Unl￿ oiherwise ststed in ihe relevant accountin8 wlicy n(*4s). Preparation of aceounts on a going coneern bas The charity generally meets its day to day working capital requirements from its annual income. The Tnjstees have obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that the charity has resources to provide a reasonable exrtttation that it can continue to tDeet its financial obligations as they fall due the foreseeable fiiture. Therefore these financial stalements have been prepared on a going concern basis. Incoming roources Donalions received comprises all ash receivable for accounting peri￿ including any related tax recoverable under Gift Aid. Resourtts expended Resourtts eX￿ided are recognised in the peri(MJ in which they are incurred. Clwitable ex￿dIt￿re comprises those costs incurred by ihe charity in the delivery of its aclivilies and servicts to its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature nectsq- ry to support them. Taagible Assets The langible assets of the charity comprise of equiwnenL molor vehicles and building& Equipment and Motry Vehicles are deprecialed at a rn¢¢ calculated to reduce it to residual value ai the eThl of tis expected nornial life on a reducing balance basis at a rale of 21P/• annum. The Antrim Buildings are deryecialed w a rate calculaled to reduc¢ it to residual value * the end of its k OD a strnight line balance basis at a raie of 20•/0 per annum. The DowiJpatrKk Buildings are depre¢iated & a rale calculate41 il ￿ resithbal value * the end of its learyc M a slrnishi line balance t4Sig at a rate ol P/• w annurn. 12

JOIJRNEY COMMIINITY CHURCH NOTESTO THE FINANCIAL ￿ATEmENTs FOR THE YEAR ENDED31rt AUGUST 2024(coutl••ed) Ac¢ountinE polkkj (eontinued) The assets. residual values and useful lives are reviewal and adjU￿ed. if appropriat< al the end of exh reporting pffiod. The effect of any change is a¢counied for prospectively. Tangible assets are derecognised on distM)sal or when no fuDJre economic tmefits a￿ expected. On disposaL the difference between the new diswjsal prnceeds and the canying amount i8 recognised in the statement of financial activities and included in -(ther o￿alIng gaIn￿{lO55¢s)-. Cash c95h equiv4lents Cash and cash equivalents includes cash in hand. derM)sits held at call with bank& other short-temi highly liquid investments with original maturities of three months or less and bank overdrdftk inancial in5truThent5 Thecharity only has ftnancial assets and financial liabilitiesof a kind that qU21tfy as b&sic financial instnrnents. Basic financial instruments are initially recognised * transaction price and subwuently measured at their setilement value. Funds Funds are classified as either unrestricted fimds. restricted or endowment fvnd& defined as follows. Unrestricted funds are expendable at the discretion of the trusttts in furtherance of the objects of the charity. If parts of the unrestricted funds are eamiarked at the discretion of the trusttts for a particular purpose. they are designated as a separdte fund. This designalion has an administrative purpose only and does not legally restrict the truslees, discretion to apply the fund. Re5tricied funds are fund5 subject to specific TCqUiTements as lo their use which rnay be declared by the donor or with their authority or created thr￿gh legal processes, bul slill within the wider objects of the charity. Endowment funds are funds which have been given ￿ the Condition that the original capital surn is not reduc￿ bui the In￿Me there from is US￿ for the PUTP)se defmed in a￿OrdanCe with the objects of the charity. Critical 4CCOUllting judgements and estimation uncertainty Esiima*s and judgments made in the process of preparing the financial slatements are continually evaluated and are based on hislorical experience and other factOT4 including expecL3lions of future events thal are believed to be reasonable under the circumstances. The Tnjstees do noi consider that the￿ are any Critical judwents made in applying the Company's accounting ￿licieS or that there are any critical accounting e51imales or assumption5 which may have a significant risk of causing a malerial adjustsnenl lo cwing amounts of assets and liabilities within the next financial year. 13

JOURNEY COMMUNITY CHIIRCII NOTES TO THE FINAIYCIAL STATEMENTS FflR THE YEAR ENDF.Djl￿ AUGuST2￿￿{e0fi*1Rued) 3. Donations received Unrtjirkied Funds Restricled Funds Tnlal 1'otAI 2024 2024 2024 2•23 312,998 60,409 315.198 60,409 243.(K)8 54,480 Tax rrfovered on donations Antrim & Newtownabbey BC grani Real love ministries grant Choic¢ housing Ireland grant Blairs trust grant Home catnpaign Grant fi￿dIng Summer Scheme Do it for m&x Toytsjes Other staff suptKWt fimd Youth weekend Kids Mission Trip (hhcr income Missions, Youth & Outreach Festival income Course and other income Staff support receipts Building fi￿d 2.000 3267 3267 3,250 3391 4,176 5,117 1,787 1.083 3,291 4.176 5,117 1,787 1.083 180 lJ17 1,467 (263) 34,629 2.730 1.733 lJ17 1,467 {263) 60,196 66,918 28,()08 4,587 37.012 34,629 2.730 1.733 411620 38287 450.907 498.065 4. Other income Unrestricted Restricted Funds Funds Total Tothl 2024 2024 2024 21Y23 Rent Other income 14,066 14,066 14.066 14.066 14

JOURNEY COMMUNITY CHIIRCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31stAUGUST2024(continued) S. An2tysL4 ofexpenditure Unrestricted Funds Restricted Funds Total Toknl 2024 2024 2024 2023 Charitable activities Wages and salaries Mission. Youth & Outreach Festival costs Donations Prophetic conference costs C4)ur5e costs Running costs Repairs & computer expenses Travel expenses Governance costs Other expenses 164J67 9.171 23.188 173,538 23,188 132.818 61,810 77.542 3J60 6J08 17,246 103312 15.459 22.962 38,148 4.188 7,596 17.246 103.212 15,459 31,448 38.148 4,188 11.363 81.952 17.206 19,839 18.922 17,045 375350 82.923 45,081 420J31 81923 438.497 80.119 Depreciation Totsl 458,173 4S081 503,254 518616 6. Taxation The organisation is recognised as a charity fly the of applicable tsxation legislation and is therefore not subject to taxation on its chaTilable activities. 7. Analysis ofstaff costs. trnslee remuneration and expettses and the cost of key managemenl personnel Employees 2024 2023 Salaries and wages 173,538 131818 Total 173J3S 132,818 15

JOIIRNEY COMMIINITY C.HIIRCH NOTES TO THE FINANCIAL STATF.MENTS FOR THE YF.AR F.NDED 31￿ AUGUST 2024(eofttfjn•ed) The averw number of employets during the year. w&8 as follows: 21124 2023 Number Numb¢r Directors Other5 12 10 are no employees in receipt of employee benefits in excess of £60.IKKI. t￿ring the year. Mr Ashe act￿ as the Church Pastor in addition to his wsition as a tsustee. His P&slor's emoluments from the company was £37J49 (2023: £35,587). No other directors received any remunerdtion during the year. No trustee or a person related to a trustee had any Frsonal interest in any contract or transaction entered into by the charity during the year. Transfer betTveen Funds UnTE51T1￿ fijnds are spent ￿ applied at the discTetion of the trustees to fijrther any of the charity's purposes. Unrestricted funds may used io supplement expenditure made from restricted funds. The Church properties were funded through specifK donations and fundraisers. and as such. werc held in a rE5tricted fund. The tern]s of the gifiis place no requirement f(r the Charity ts) hold the properties for a specific se on an on-gong basis. Following completion of the protrtie4 the Trustees consider that the tern)s of the gifts have been meL and therefore ihe Charity is pennitted to use these &ssets an unrestricted basis for any ctthrltsble purpose. TaDgRble fiied assets Buildings Motor Vehicles EquipmeDt Tot81 Cost At beginning of the ycar Additions 656.934 249,416 44.1 (AJ 14JIN)) 289J76 (42￿) Al end ofibe y￿r 656.934 IkpreeltAO• At lginning of the year awge for yew On disFKJsals Atendofth¢y 166.431 55JA6 IOJJ30 26th57 269.761 8L9ZJ 221,947 750 129.987 351684 Nd bcK& Val￿ •1 tginnin8 of the ye•f N¢t b(M)k vllw •1 end oi ihe ye•r 41X>J03 436.495 146.086 159J89 641.589 0￿.134 4350 16

JOIIRNF.Y COMMIINITY CHIIRCH NOTES TO THF. FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st AUGusf 2024 (conlinwed) io. Debtors 2024 2023 Gift aid refund Other debtOTS 21,705 2,151 21.976 2.928 230 24,904 I l. Credilors Amounts Due wiihin l Year 2024 2023 CTEditors Other creditOTS tJ)ans Accrnals 17,284 1&072 5JlO 12.850 23.120 17,762 5,(K)O 29,180 $3.706 75.062 12. Creditors Amounts Due after l Year 2024 2023 299.247 299.247 The Loan is secured by way of a first rdnking legal Charge in favour of the i£nder against the property situated and known &8 2b StraDgford Road. Downpatric 13. Analysis of Net Asqets Unrestrieted General Unrestricted Designated Restricted Tolal Fixed Jssets Curreni ass¢ts Current liabilili¢8 CreditLYS after one year fth.134 36.077 {53,706) (3(M).(MM) 600.134 077 (53,706) Net *J•ets St 31•1 A•zMI 2024 282.415 17

JOISRNEY C()MMIINITY CHIIRC.11 NOTE5 TO THE FINANCIAL STATLMENT¢i F()R TIIE YEAR ENI)ED31rf Aucu¥f2024(contlnu¢d) l& Funds of Ib¢ Charity At Isl September 2023 Atjlit Au%uJt 2024 Ine(Dmt E¥penditur¢ Trsnsfers Unre>tricled lundy General fund 3.079 3.079 426.686 426.686 (458,173 (458,173 310,913 310,913 282 505 282,505 Rejtricted funds Building Antrirn & Newiownabbey BC grant Real love rninistries gfdnl Choice housing Ireland grant Blairs trusi granl Mission4 Youth & Ouireach Festival incorne aff suptth receipts Building fund Summer Scheme Do it for max Toytales Other staff suptK)rt fund Youth weekend Kids Mission Trip 317.707 (317,707) 3,000 8.486 2.000 3.5(X) 1,467 (263) 2.730 ,733 3,291 4.176 5.117 1.787 1.083 180 (3.011) (8.486) (2.(KJO) (3.5(M) (4.654) 3,187 263 (2.730) {1.733) 4,059 60 664 (7,350) (4.236) (5,781) (1,787) (1,105) (441) 22 261 317,707 38.287 (45.081) (310,913) Totgl funds 320.n6 461973 (503254) 282,505 Purposes of Restricted Fund5 Mission, Youth & (￿treach fund: This is a fund io ￿ used towards mission. youth and outreach expenses. Trestival fund: This is a fund to be used towards festival costs. Staff support fund: This is a fund io ir used towards sLgff costs. Building fund: This was a fund to be used towards new Imjilding and repair costs. Following compknion of these buildings. this restriction has l*en ended. 15. Related party tranSact￿nS During the year, Mr Ashe acted as the Church Pastor in addition io his posilion as a tsustee. Trlis Pasior's emoluments from the company was £37.349 (2023.. £35.587). No other directors received any remuneration during the year. l& Controlling party t￿ring the yar Journcy Cornmunity Church was under the control of the Tru514XS (who 8Te also the direciors).