CHARITY REGISTRATION NUMBER: NIC100797
North Down CFC
Financial Statements
31 March 2023

North Down CFC
Financial Statements
Year ended 31 March 2023
Page
Trustees, annual report
Independent examinerfs report to the trustees
statement of financial activities
Statement of financial position
Notes to the financial statements

Page 1
North Down CFC
Trustees. Annual Report
Year ended 31 March 2023
The trustees present their report and the unaudited financial statements of the charity for the year
ended 31 March 2023.
Reference and administrative details
Registered charity name
North Down CFC
Charity registration number
NIC100797
Principal office
3 Glenford Way
Newtownards
Co Down
BT23 4BX
The trustees
A Beattie
J Bailie
EM Bell
RE Bell
R Craig
Independent examiner
Ms E Mulholland for and on behalf of
2161218 Holywood Road
Belfast
BT41PD
Structure, governance and management
North Down CFC. which is registered as a charity with the Charity Commission for Northem Ireland.
was established as a church by Trust Deed dated 30 July 1993.
The elders exercise spiritual 'watchcare' over the church while the trustees have overall legal and
financial responsibilities. The Ghurch principally draw5 its members, volunteers and meeting
attendaes from Northem Ireland's Ards and North Down area.
The first trustees were appointed by the settlor of the trust. Additional and replacement trustees are
appointed by a simple majority resolution of existing trustees. Trustees do not have a temi of office
and are not subject to re-election.

Page 2
North Down CFC
Trustees. Annual Report (eontlnued)
Year ended 31 March 2023
Objectives and activities
North Down CFC was formed to advance the Christian faith in Northern Ireland and elsewhere by:
holding church seNices and public meetings for praise, worship, bible teaching. prayer,
healing and fellowship:
providing activities, education and teaching for children and young people,.
providing olher facilities in the interests of social welfare which are in sympalhy with the other
aims and objects of this Trust Deed with the object of improving the conditions of life for th8 persons
for whom the facilities are primarily intended and who have need of such facilities by virtue of their
age, infirmity, poverty or social and economic circumstances- and
such other charitabl& acts and things as will (or will tend tol promote or encourage the
Christian faith.
Achievements and performance
We identified need in line with our Trust Deed aims and objectives and have created. in partnership
with the local communty, a strategy we consider will mèet our charitable objectives and activities as
well as the needs of people living in Northern Ireland. Throughout this year we have remained
committed to meeting our objectives and priorities. Our strategic plan and Operational Report both
indicate our passionate commitment to continue our work and see positive changes in the lives of the
people we we work with.
We continued to meet on a Sunday at our Sunday Gathering, which is committed to extending a
welcome to evèryone and remaining inclusive and open. Wè have continued to support and
encourage the Christian church at home and overseas, and remain in clos& contact with other local
churches, and those further afield.
We carefully considered, as we do every year, the Charity Commission for Northern Ireland's guidance
on public benefit to ensure we were meetlng our statutory and legal obligations. Through the activities
we have delivèred in 2022123 we have work8d together to further the charities purpos8 and provide
benefit to all who are beneficiaries from it. We remain committed to upholding these principles.
Flnancial review
Incoming resources from donations for the year totalled £39,192 which included £5.271 raised in
respect of Crisis Donations. Totsl &xpenditure for the year amounted to £36.747, all of which
repr8sented grant funding to ¢haritabl8 projects.
Unrestricted reserves at 31 March 2023 totalled £42,049 of which £31,575 had been designated to the
small grant fund.
Reserv8s Policy
Currenlly, it is the policy of the church that unrestricted reserves, which have not been designated for
a specific use, should be maintained at a level equivalent to at least three months, othe￿iSe unfunded
expenditure.

Page 3
North Down CFC
Trustees. Annual Roport(conthu
Year ended 31 March 2023
Plarts for future periods
The thurch will continue to build on the successes to date in the cOm￿g year by W￿lnu1￿9 to seNe
the k)cal communty. We remain commilied to meeting our charitable obiecthves espedalty (￿r
response to need and impacting tIM)se identified needs.
Appreciation is expressed to the elders, leader5 and many members of the church who have put in so
much tlme and effort during the past year. Wlthout this help, the church would be ineffective.
Th8 trustees express their appreciatton for the faittrfulness tn giving by many members of the ch￿.
Re5ponsdthities of the Tnmtees
The chariWs twstees are ￿ponSib[e for preparing the Twstees Annual Rewt and the ffinancial
Statements in accfjrdance with applicable law and regulations.
The law applicable to charities in Northem Ireland requir85 the trustees to prepare financial stat8m8nts
for èath fjnan¢ial year. Under that law the trustees have elected to prepare tha finanfial ststements in
accordanc8 wilh United Kingdom Generalty Accepted ACC￿ntIng Practtce (United Klwjom
AcLounting Slandarts and applicable law>. The Irustees must nol approve the fina￿la1 statements
unless they are Sat￿ that they give a true and fair of the sfate of affairs of the ¢haiity and the
income and exp8nditure of the ¢harty for that P8riiJd.
In preparing these financial statements, the tNstees are required to:
select suitable accountlng policies and then apply consistendy,"
obseprfe the methods and prfnciples in the Charities SORP;
make judgements and accouniing estimates that are reasonable and prudent:
State whether applicable accounling standards have been followed. subject to any material
departures disclosed and explabned in the financial staternenls:
prepare the ffinancial staternents on the going concem basis unless it is inapptoptiate to
presume that the charity will continue in operation.
The trustees are responsiNe keeping adequate accounting re(M)rds that ate sufficRnt to show and
explain the d￿ri￿S transactions and disdose with reasonable aGcuracy at any Ibme the financ4ai
position of the tharity and enable them to ensure that the financial statements comply with the
Charities Act (Northem Irelapd) 2008. They are also responsible for safegLJarding the assets of the
charity and hence for taknng reasonable steps for the prevention and deleG1K￿ of fraud and other
irregularities.
The trusts85' annual report wa$ approved on 9 January 2024 and signed on behalf of the l)oard of
ttustees by:
Trusiee

Page 4
North Down CFC
Independent Examiner's Report to the Trustees of North Down CFC
Year ended 31 March 2023
I report to the tnjstees on my examination of the financial statements of North Down CFC {'the charity,)
for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act (Northem Ireland) 2008 (the '2008 Acf). You
are satisfied that your charity is not required by charity law to be audited and have chosen instead to
have an independent examination.
I report in resp8Ct,of my examination of the charity's financial statements as carried out under section
65 of the 2008 Act. In carying out my examination I have followed the general Directions given by the
Charity Commission for Northern Ireland under section 65(9){b) of the 2008 Act.
Independent examlnerfs statement
I have completed my examlnation. I confirm that no matters have come to my attention in connection
with my examination giving me cause to believe that in any material respect..
accounting records were not kept as required by with section 63 of the 2008 Act" Dr
the financial statements do not accord with those records., or
the financial statements do not comply wtth the accounting requirements of the 2008 Act., or
the financial statements do not Comply with the applicable requirements concerning the
fomi and content of accounts set out in the Charities {Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'true and fairf view which is not a
matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
Ms E Mulholland for and on behalf of
Independent Examiner
2161218 Holywood Road
Belfast
BT4 1PD

Page 5
North Down CFC
Statement of Financial Activities
Year ended 31 March 2023
2023
Unrestricted
funds Total funds
2022
Total funds
Note
Income and endowments
Donations and legacies
Total income
32.192
32.192
43.226
32,192
32.192
43,226
Expenditure
Expenditure on charitable activities
Total expenditure
36,747
36.747
35.814
36,747
36.747
35.814
Net {expenditureVincome and net movement in funds
(4,555)
(4.555)
7,412
Reconclllatlon of funds
Total funds brought forward
Total funds Carrled forward
46,604
46,604
39,192
42,049
42,049
46,604
The statement of financial activities includes als gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on paggs 7 to 12 form part of thgsg flnanclal statements.

Page 6
North Down CFC
Statement of Flnanclal Posltlon
31 March 2023
2023
2022
Current assets
Debtors
Cash * bank and in hand
52,688
8,442
61.130
10,717
65.017
CrodStors: amounts falllng duo wlthln ona yèar
Net Current a￿ts
10
12,968
14,526
42.049
41049
42.049
Total assets less ¢urrént liabilities
Net assets
46,604
Funds of the chartty
Unre$tri¢ted furK1s
42
T¢)tal charity funds
12
42,049
These financial Statements were approved by the board of trustees and authotised for issue on 9
January 2024, and are signed on behalfof the bjard by:
ABea
Trustee
The note8 on pagts 7 to 12 fomi p•rt of finathcral statem

Page 7
North Down CFC
Notes to the Financial Statements
Year ended 31 March 2023
General Infomiatlon
The charity is a public benefit entity and a registered charity in Northern Ireland and is
unincorporated. The address of the principal office is 3 Glenford Way. Newtownards, Co Down.
BT23 4BX.
Statement of compliance
These financial statements have been prepared in Compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) {Charilies
SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008.
Accounting policios
Basis of preparatlon
The financial statements have b8en prepared on the historical cost basis. as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concem
There are no material uncertainties about the charivs ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to tnake judgements.
estimates and assumptions that affect the amounts reported. These estirnates and judgements
are continually reviewed and are based on experience and other factors. including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestrided funds are available for use at the discretion of the trustees to further any of the
harity's purposes.
Designated funds are unrestrict8d funds earmarked by th8 trustees for particular future project or
commitment.
Restricted funds are Subjected to r8strictions on their exp8nditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.

Pag8 8
North Down CFC
Notes to the Financial Statements (contlnued)
Year ended 31 March 2023
Accounting policies {eontlnugd)
Incoming resources
All incoming reSoUr￿S are included in the statement of financial activities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement lo the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods 15 measurad at the fair value of th8 good5 unless this is
impractical to measure reliably, in which case the value is darived from the c05l to the donor
or the estimated resale value. Donated facilitie5 and $8rvices are recognised in the
accounts when rec81V8d rf the value can be reliably measured. No amounts are included for
the Contribution of general volunteers.
incom8 from contracts for thè supply of services is recognis@d with the delivery of the
contracted service. This is classified as unrestricted funds unless thère is a contractual
requirement for it to be spent on a particular purpose and retumed if unspent, in which case
it may b8 regarded as restricted.
Resources expended
Expenditure is racognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds indudes the costs of all fundraising activities. events,
non-charilable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charsty in undertaking
activities that further its charitable aims for the benefrt of its beneficiaries. including those
support costs and costs relating to the govemance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable. justifiable and consistent basis.
Government grant5
Gov8rnm8nt grants are recognised at the fair value of the asset received or receivable. Grants
are not recognised until there is reasonable assurance that the charity will comply with the
conditions attaGhing to them and the grants will bè received.

Page 9
North Down CFC
Notes to the Financial Statements (¢ontinuedJ
Year ended 31 March 2023
Accounting policies {continuedJ
Government grants (Continued)
Where the grant does not impose specified future performance-related conditions on the
recipient, it is recognised in income when the grant proceeds are received or receivable. Where
the grant does impose specified future perfonnance-related conditions on the recipient, it is
recognised in income only when the performance-related conditions have been met. Where
grants received are prior to satisfying the revenue recognition criteria. they are recognised as a
Financlal Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instrument5 are initially racognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities ar8 subsequently measured at the cash or other
consideration expected to be paid or receiv8d and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value Can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All oth8r such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate. in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
other financial instruments are subsequently measured at fair value. with ally changes
recognised in the statement of financial activities. with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the inttial gain was recognised.
For all equity instruments regardles5 of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.

Page 10
North Down CFC
Notes to the Financial Statements (eontinu•d)
Year ended 31 March 2023
Donatlons and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Offerings and donations
Special donations
26,171
5.271
26,171
5.271
Grants
Other grant income
750
750
32.192
32.192
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donatlons
Offerings and donations
Special donations
27,736
12,776
27.736
15,490
2,714
Grants
Other grant income
40,512
2,714
43,226
Expenditure on charltabla activities by fund type
Unrestricted
Funds
R6Stricted Total Funds
Funds
2023
Charitable activities
36,747
36,747
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Charitable activities
33.100
2,714
35,814
Expenditure on charitable activities by activity type
Activities
undertaken Total funds
directly
2023
Total fund
2022
Charitable activities
36,747
36.747
35.814
Staff costs
The average head count of employees during th8 year was Nil (2022.. Nil).
No employee received employee benefits of more than £60,000 during the year (2022.. Nil).

Page 11
North Down CFC
Notes to the Financial Statements {eontinu8d)
Year ended 31 March 2023
Trustee remuneration and expenses
No trustees received remuneration or other benefits through employment with the charity.
Debtors
2023
2022
Other debtors
44.300
52,688
44,300
52,688
10. Creditors: amounts falling due wlthln one year
2023
2022
Trade creditors
Accruals and deferred income
Other creditors
923
7,187
4,858
12,968
1,424
8,237
4,865
14,526
11. Grants
The amounts recognised in the financial statements for gov8mment grants are as follows..
2023
2022
Recognised in income from donations and legacies:
Govemment grants incoma
750
12. Analysis of charitable funds
Unrestricted funds
At 1 April 2022
Income
Expenditure
Transfers At 31 March 2023
Unrestricted Funds
Small grant ￿nd
16.524
30,080
31,442
750
(11.492) (26.000)
{25.255)
26.000
(36,747}
10.474
31,575
46,604
32.192
42,049
At 1 April 2021 Income Expenditure
Transfer5
At 31 March 2022
Unrestricted Funds
Small grant fund
3,012
36,180
40,512
(27,000)
27,000
16,524
30,080
{33.100)
39,192
40,512
(33,100)
46,604

Page 12
North Down CFC
Notes to the Financial Statements (¢ontlnued)
Year ended 31 March 2023
13. Anal￿1$ of net assets between funds
Unrestricted Total Funds
Funds
2023
Current assets
Creditors less than 1 year
Net assets
55,017
(12,968)
42,049
55,017
(12.968)
42,049
Unrestricted Total Funds
Funds
2022
Current assets
Creditors less than 1 year
Net assets
61,310
(14,526)
46,784
61,310
(14,526>
46,784