JOURNEY COMMUNITY CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st AUGUST 2025 Compauy Reglstration Number: N161907S Chariti¢s Regi5tr4tion NMber. NIC100630
JOURNEY COMMUNITY CHURCH ST ATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE Accouf4T FOR THE YEAR ENDED 31st AUGUST 2025 UDrestii¢ted FMThd$ Restricted Funds Tot81 Total 2025 2025 2025 2024 Ineoming resource$ Note Donations received Other in¢ome 389,029 8,265 67,253 456,282 8,265 450.907 14,066 Total inrome 397,294 67 53 464,547 464.973 Resourees expended: Charitable activiti¢s Depreciation 383,840 82,447 67.253 451,093 82,447 420,331 82.923 Total expenditure 466,287 67,253 533,540 503,254 Net Ineomel(eipenditur¢) before trAnsfer5 (68,9931 (68,9931 (38.2811 Tr4D5fers behveeD funds Net movement in funds (68,993) (68,993) (38.281) Reconeiliation of fuDds: Total brought forward 282,505 282,505 320.786 ToÉal funds ¢arrled forward 213,512 213,512 282.505 The statement of financial activities includes all gains and losses reeognised in the year. All in¢ome and expenditure derive5 from continuing activities. The noles on pages 13 to 19 forni part of these financial staiemenÉs
JOURNEY COMMUNITY CHURCH STATEMENT OF F1Tr4ANCIAL POSITION I BALANCE SHEET AS AT 3151 AUGUST 2025 (Company R¢gi&tratioll Number: N1619075) Note 2025 2024 Fixed fissets Tangible fixed oss¢ls Totlll fixed assets 532 838 532 838 600,134 600,134 Current assets Debtors Cash at bank Totsl current *$sets 10 11,469 17,120 23,856 12,221 36,077 CreditOT$- wnounts falling due within one year 47,9A5 53.706 53,706 Net ¢urreDt (Ibabilitles) (19,326) (17,629) Total assets less eurrettt Ilabllities 5l3,S12 582,505 Creditors- amounts falling due after one year 12 (31)0,00frI (300,(K)O) Total net 4sset$ 13 2J3 512 282.505 Unre5trlcted funds General funds Total UDrestrieted funds Restrieted funds Total cbarity fulld5 14 213 512 213,512 282,505 282,505 14 213,512 282,505 For the financial year ended 3 1st August 2025 the Charitable company was en¢itl¢d to exemption from audit under s¢¢tion 477 of the Companies Act 2006 relating to small compani¢s. The members have not required the ¢haritable Company to obtain an audit in accordance with section 476 of the Compani¢5 Act 2006. The directors a¢knowledg¢ their responsibilities for ¢omplying with the requir¢ments of the Companies A¢t with respe¢t to accounting records and the preparation of a¢¢ounts. These finats¢io1 statem¢nts have b¢en prepared in accordance with the special provisions relatsng to companies subject to th¢ small companies r¢gime within Part 15 of th¢ Companies Act 2006 and with Charities SORP- FRSIO2. Th¢ fancIal ststements were approved by the Board of Thist¢es on 26 June 2026 and 5i8ned on its behalf by.. aster John Ashe Ms Catherin McKee The notes on pages 13 to 19 form part of these fsnancial statements 12
JOURNEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st AUGUST 2025 l. Ch4ritable Company iDformatlon The Charitable Company is limited by guwantee and is incorporated in Northem Ireland. The address of the registered office is 3 Orehard C105¢, Antrim. BT412RZ. The financial statements were authorssed for issue by the Board on 26 Jun¢ 2026. 2. A¢counting policies The principal acwunting policies adopted, judgem¢nts and key sources of estimation uncertainty in the preparation of th¢ f]nancial ststements are as follow$: Basis of preparatio The financial statwnents have been prepared on a going con¢¢rn basi5 in accordance with Accounting and Reporting by Charitie5'. Statement of Recommended Practice appli¢2ble to ¢h3rities preparing their accounts in accordan¢e with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Chariti¢s SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republi¢ of freland IFRS 102) and the Comp3rties Act 2006. The charity m¢¢ts the definition of a publi¢ benefit entity under FRS 102. Assets and liabililies are initially r¢cogmised at historical rost and transaction value uDl¢8s otherwis¢ stated in the relevant accounting policy note(5). Preparation of aeeounts ort 8 goithg eollcerth b8sls The charity generally meets ils day to day working capital requirements from it5 annual income. The Trustees have obtained and reviewed cash flow forecasts for the corning year #nd based on these are satisfied that the charity has r¢sources to provide a reasonable expectation that it can continue to meet its financial obligations s they fall due forthe foreseeable future. Therefore these finan¢i41 stat¢ynents have been prepared on a going con¢¢rn basi$. Incoming resources Donations r¢c¢ived cornprises 011 cash re¢eiYable for the a¢counting perio(L including any relat¢d tax recovernbl¢ under Gift Aid. ResOUe5 expended Resource5 expend¢d are recognised in the period in which they are iTh¢u¢(L Charilable expenditure comprises those costs incurred by the charity in the delivery of ils activilies and servi¢es to its beneficiaries. It includes both costs that can be allocated dire¢ily to such activit5es and those eosts of an indire¢l natur¢ necessary to support them. Tangible a55¢ts The tangible aetS of the charity comprise of equipment, motor vehicles and buildings. Equipment and Motor Vehi¢le5 are depreciated at a rate ¢aleulaled to reduce it to residual value at the end of its expected nom)al life on a reducing balance basis at a rate of 2/0 per annum. The Antrin) Buildings are depreciated at a rate calculat¢d to reduce it to residual value at the end of ils leas¢ on a stTaight line balance basis at a rdte of 21P/o per annum. The Downpatri¢k Buildings are depreciated at a rate calculated lo reduce it to residual value at the end of its lease on a straight line bblance basis at a rnte of 20/0 per annum. 13
JOURNEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st AUGusf 2025 (eoDtinued) AccountIg poli¢ie$ (continued) The assels, residual values and useful lives are r¢viewed. and adjusl¢l if appropriate, at the end of ea¢h reporting period. Th¢ effect of any change is account¢d for prospectively. Tangibl¢ assets are d¢recognis¢d on disposAI or when no futt)re economic benefits ar¢ expected. On disposal. the differ¢nee between the new disposal proceeds and the carrying amount is recognis¢d in the statement of financial adivities and included in'other operating gainsl{losses)" Cash and ¢a$h equival¢nts Cash wd cash equivalent5 includes oash in deposits held at Call with banks, other short-tern] highly liquid investm¢ntS With origsnal maturities of thr¢¢ months or less and bank overdrafts. Flnallei41 Instrvm¢nts The¢harity only has financial assetsand financial liabiliti¢5 of a kind that qualify a$basic fmancial instrwnents. Basic financial instnuneiils are initially recognAsed at transaction price and subsequently measured at their settlement value. FuDd$ Funds ar¢ classifi¢d as either unrestricted funds, restricted or endowment fiJnd5, defined as follows. Unrestrid¢d funds are expendable at th¢ discretion of the trustees firtherance of the obj¢ct$ of the charity. If parts of the unrestri¢ted funds are earrnarked at the discretion of th¢ trustee5 for a particular puoSe, they are designated as a separate fund. This designation has an administrative purpose only attd doe5 not legally restrict the trustees, di5¢retion to apply ihe fund. Restricted funds are fimds subject to specific requirements As to their use whi¢h may be declared by the donor or with their authority or created through legal processe5, but still within the wider objwts of the charity. Endgwment fimds are funds which have been given on the condition that the original ¢apital sum is not redu¢ed. but the income there from is used for the putyose deflned in accordancewith the objects of th¢ charity. Cri¢i¢al Aecountlllg Jud%emellts gttd e5tim*tioD un¢erlaiDty Estimate5 and judwents made in the proc¢s$ of preparing the finat)cial statements are continually evaluated and are based on histors¢al exp¢rienee and other factors, including expectationg of future events that are believ¢d to be reasonable under the circutnstances. The Trustees do not consider that Itiere are any critical judgments made applying the Charitable Company's accounting policies QT that th¢re are any critical accounting estimates or assumptions which may have a Si]rICant risk of causing a material adjustment to carrying amounts of assets and liabilities wiihin the next financial year. 14
JOURNEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31$t AUGUST 2025 (eontinued) 3. Don4tiolls re¢eiv¢d Unrestri¢t¢d Restrieted Funds Fund5 Total Total 202S 2025 2025 2024 General donatiODS Tax reeovered on donations Course artd other income Antrim & Newtownabbey BC grant Groundwork grant Newry Cguncil grant Charities Aid Foundation Summer Scheme Missions, Youth & Outreach Festival income Staff support lund reIptS Other staff support fwid Toytales The send Cage football l Heart Downpatrick Other ineome R¢al love ministries grant Choi¢¢ housing Ireland grant Blairs trust grant Home campaign Do it for max Youth weekend Kids Mission Trip Building fund 274,337 63,811 40,061 274J37 63,811 40,061 3,000 5,000 600 800 769 2,990 4S,005 1,725 1,297 4,172 869 1,026 6S0 10,170 315.198 60,409 34,629 3.000 3,000 5,000 600 800 769 2,990 45,005 1,725 1,297 4,172 869 1,026 3,291 .467 (263) 2,730 1,787 5.117 650 10,170 1,317 8,486 2,000 3,500 3,267 4,176 1,083 180 1,733 389,029 67,253 456,283 450,907 4. Olhtr in¢ome Unrestrletsd Funds Restri¢ted FuDd5 Total Total 2025 2025 2025 2024 Rent Other income 8,265 8,265 14,066 8,265 8,265 14.066 15
JOURNEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEtVlEIYTS FOR THE YEAR ENDED 31st AUGUST 2025 (eontinued) 5. Analysis of¢xpendltyr¢ UDre$trleted Furtds Restricted Funds Tot41 Total 2025 2025 2025 2024 Charitable actlvltie5 Wag¢5 and salaries Mission. Youih & Outr¢ach F¢stival eosts Donations Course eosts RUtlg costs Repairs & ¢omput¢r expenses Travel expenses Govemance & finance costs Other expenses Prophetic confer¢n¢e costs 172,826 27,000 18,359 21,894 199,826 18,359 32,560 3,325 13,126 91,253 22,719 36,465 32J36 1,124 173,$38 2J,188 10,066 3,325 13,126 91,253 22,719 36,465 32,336 1,124 7,596 17,246 103,212 15,459 31,448 38,148 4,188 6,308 383,840 ' 82,447 67,253 451,093 82,447 420J31 82,923 Depreciation Tot81 466,287 533,540 503,254 6. Taxatio The organisation is recognised as a charity for the purpo$es of applicable taxation legislation and is therefore not subject to taxation on its eharitable activities. 7. Anttlysis of stsff eosls, trustee remutteration expenses, the Cost of key mattthgemettt persoDD¢l Employees 2025 2024 Salaries and wages 199,826 173,538 Total 199,826 173,538 16
JOURNEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR Ef4DED 31st AUGUST 2025 (contittued) Th¢ average number of employees duriTJg the year, WHS as follows.. 2025 2024 Number Numb¢r Directors Others io 12 The are no employe¢$ in receipt of employee ben¢fit5 in excess of £60,000. During the yeaT, Mr Ashe acted as the Church Pa$lor in addition to his posilion as a trLhStee. His Pastor's emoluments from th¢ charitable Company was £40,149 {2024.. £37,349). No other directors receiv¢d any remuneratson during the year. No trustee or a person related to a trnstee had any personal interest in any contract or transaction entered into by the charity dllring the year. Transfer be¢weell Funds Unrestrict¢d funds are sp¢nt or applied at the discretion of the trustee5 to further any of the eharity's purposes. Unre5tri¢t¢d funds mg4y be used to suppl¢ment expenditure made from restricted funds. The chh properties w¢re fimded through specific donations and fwidraisers, and as such, were held in a restricted fwid. The tenns of the gifts place no requir¢ment for the Charity to hold the properties for a specific purpose on an onong basis. Following Completion of the properties, the Trustee5 ¢onsider that the temis of th¢ gifts have been met. and therefore the Charity is pemiitted to use these assets on an unrestricted basis for any Charitable purpose. T8llgibk fJx¢d #Hets Buildings Motor Vebicles Equipmetyt Totsl Cos¢ At begi[1ng of the year Additions Disposals A¢ end of the year 6S8,442 sooo 7,000 289,376 8,152 952,818 15.152 658,442 12,1100 297,528 967,970 Deprwitlon At beginning of the year Charge for year On disposals Al end of the year 221,947 55,516 7SO 1,800 129,987 25,131 352,684 82,447 277,464 2,550 155,118 435,132 Net book value al beginning of the year Nel book value at end of the year 436,495 380,978 4,250 9,450 159,389 142,41 600,134 532,838 17
JOURNEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st AUGUST 202S (continued) io. Debtorg 2025 2024 Gift aid T¢fund Other debtor$ 9,668 1,801 21,705 2,151 11,469 23,856 11. Credltors AmDunts Due withln l Year 2025 2024 Creditor5 Other QdItorS Loans Aeenjals 9,494 3,836 17,284 18,072 5,500 12,850 34,586 47,915 53,706 12. Credltors Amount5 Due 8ftsr l Year 2025 2024 Loans 300,000 300,000 300,000 300,000 The Loan is secured by way of a first ranking legal Charge in favour of the L¢nder against the propety situated and known as 2b Strangford RoatL Downpatrick. 13. ADalysis of Net Assets Unrestrlcted urtrItte General DesigBat¢d Restrlcted Totgl Fixed assets Current as5¢1s Current liabilities Creditors due afier one year 532,838 28,589 (47,9151 (300,0001 532,838 28,589 {47,9151 {31HI,0001 Net assets #t 31st AUg$t 2025 213,512 213 512 18
JOURNEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st AUGUST 2025 (colltlnued) 14. Funds ofthe Chgrity At 1st September 2024 At 31s¢ August 2025 lllcome EXpendItre Transfers Unrestri¢ted funds General fimd 282,505 282,505 397,294 397,294 466,287) 466,287 213,51 Restri¢ted funds Antrim & Newtownabb¢y BC gront Groundwork grant Newry Courtcil grant Chariti¢s Aid Foundation Summer Scheme Missions, Youth & Outreach Festival incotne Staff support fund receipts Other staff gUPPOrt fund Toytales The Send Cp4ge football 3,000 5.000 600 800 769 2,990 45,005 1,725 1,297 4,172 869 1,026 (3,000) (5,000) (600) (800) (769) (2,990) (45,005) (1.725) (1,297) (4,172) (869) (1,026) 67,253 67,253 Total funds 282,505 464 547 533 540 213,51 Purposes of Restrieted Futtds Mi5$ion, Youth & Outreach fvnd.. This 15 a lld to be used towards mission, youtb ¥4nd outreach exp¢nses. Festival fund.. This is a fund to be used towards festival costs. ststTsupport fund.. This 15 8 fund to be used toward5 stsff costs. Festhval income.. The Kingdom Come conf¢rence held in August 2025 Toytales: The provision of toys at Christmas to faillili¢5 who could otherwise not afford them. Th¢ Send.. Income for the YW AM conference Cage football: Donations towards a cage football'arena. 15. Relaled party traDsaetlos During the yw, Mr Ashe acted as the Church Pastor in addition lo his position as a truste¢. His Pastor's emoluments from th¢ charitabl¢ Company was £40,149 (2024.. £37,349). No other directors received any remunerE4tion during the year. 16. Coutroulng party During the year Journey Community Church was under the ¢ontrol of ihe Trnstee5 (who are a150 the directors). 19