Charity registration number: NIC100797
NORTH DOWN CFC TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
North Down CFC Contents
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|Trustees’|Report|1—3|
|Independent|Examiner's|Report|4|
|Statement|of|Financial|Activities|(including|Income|and|Expenditure|Account)|5|
|Statement|of|Financial|Position|6|
|Notes|to|the|Financial|Statements|7—10|
|The|following|pages|do|not form|part|of the|statutory|accounts:|
|Detailed|Statement|of|Financial|Activities|(including|Income and|Expenditure|Account)|il|
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North Down CFC SNe EeeTrustees' Report For The Year Ended 31eeMarch 2025ee eee
The trustees present their report and the financial statements for the year ended 31 March 2025.
Objectives and Activities
Aims and Objectives
North Down CFC was formed to advance the Christian faith in Northern Ireland and elsewhere by:
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holding church services and public meetings for praise, worship, bible teaching, prayer, healing and fellowship;
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providing activities, education and teaching for children and young people;
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providing other facilities in the interests of social welfare which are in sympathy with the other aims and objects of this Trust Deed with the object of improving the conditions of life for the 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 charitable acts and things as will (or will tend to) promote or encourage the Christian faith.
Achievements and Performance
Main Achievements
During the reporting period, the charity carried out activities in furtherance of its objects as set out in the Trust Deed. The Trustees monitored delivery against the charity's objectives and priorities and are satisfied that the activities undertaken were consistent with the charity's purposes, reflective of its Christian ethos, and informed by the Charity Commission for Northern Ireland’s guidance on public benefit.
Delivery of Activities
The charity’s principal activities during the year included the delivery of weekly Sunday Gatherings, alongside other meetings and social action initiatives. These activities continued to provide opportunities for worship, fellowship, and service within an open and inclusive environment. The Sunday gatherings and other meetings remained a central feature of the charity’s work and were delivered consistently throughout the year.
In addition, the charity continued to support and encourage the Christian church both locally and overseas. This included maintaining established relationships with local congregations and churches further afield, as well as the delivery of ongoing community chaplaincy services and related activities. These activities contributed to the charity’s wider engagement with the community and supported its charitable aims.
Outcomes and Public Benefit
The Trustees consider that the charity’s activities during the year contributed to positive outcomes for those who engaged with its work. These outcomes included opportunities for spiritual support, social connection, and community engagement. The Trustees recognise that many of the benefits arising from the charity’s activities are qualitative in nature and are therefore best understood through continued participation, sustained relationships, and informal! feedback from beneficiaries and partner organisations.
In assessing performance, the Trustees considered both the direct and wider benefits arising from the charity’s activities, including spiritual, social, and community benefits. The Trustees are satisfied that these benefits were accessible to the public or a sufficient section of the public and that the charity’s work provided public benefit in accordance with its charitable purposes.
Review of Performance and Future Focus
Throughout the year, the Trustees maintained oversight of the charity’s activities through regular review against the Strategic Plan and Operational Report. This enabled the Trustees to assess progress, ensure activities remained aligned with the charity’s objects, and confirm that resources were being used appropriately.
The Trustees are satisfied that the charity has continued to operate effectively during the reporting period and remains well placed to continue its activities in the coming year, subject to ongoing review and available resources."
Financial Review
Financial Position
Incoming resources from donations for the year totalled £ 16,280 and expenditure for the year amounted to £40,908.
Unrestricted reserves at 31 March 2025 totalled £38,345 of which £31,575 had been designated various funds at the year end.
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North Down CFC Trustees' Report For The Year Ended 31 March 2025 i
Reserves Policy
Building and holding reserves is an integral part of financial planning within North Down CFC. Reserves ensure that we have adequate funds available for planning for growth and to deal with opportunities as they arise. It is the policy of the church that designated reserves, should be maintained at a level which ensures the charity's core activity could continue during a period of unforeseen difficulty. The Trustees aspire that the Charity should hold in a designated reserve of an amount not less than £5,000 to minimise the risks identified to the Charity.
Structure, Governance and Management
North Down CFC, which is registered as a charity with the Charity Commission for Northern Ireland, was established as a church by Trust Deed dated 30 July 1993.
The Leadership Team exercise spiritual 'watchcare’ over the church while the trustees have overall legal and financial responsibilities. The church principally draws its members, volunteers and meeting attendees from Northern 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 term of office and are not subject to re-election.
Reference and Administrative Details
Trustees
Mr A Beattie Mrs A Bartlem - resigned Nov 2024 Mr M Kennedy Rev Dr G Haire Mrs L Duff Mr S Martin Mrs J Stirling - appointed Jan 2025 Charity Number
NIC100797
Principal Address
3 Glenford Way Newtownards County Down BT23 4BX
Independent Examiner
Brian Stewart for and on behalf of RBCA Ltd. Linenhall Exchange26 Linenhall Street Belfast BT2 8BG
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North Down CFC NneTrustees' R e port For The Year Ended 31 March 2025
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Other Information
Plans for future periods
The church willcontinue to build on the successes to date in the coming year by continuing to serve the local community. We remain committed to meeting our charitable objectives especially our response to need and impacting those identified needs.
Acknowledgements
Appreciation is expressed to the elders, leaders and many members of the church who have put in so much time and effort during the past year. Without this help, the church would be ineffective. The trustees express their appreciation for the faithfulness in giving by many members of the church.
Responsibilities of the Trustees
The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.
The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the income and expenditure of the charity for that period.
In preparing these financial statements, the trustees are required to:
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« select suitable accounting policies and then apply them consistently;
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e observe the methods and principles in the Charities SORP:
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« make judgements and accounting estimates that are reasonable and prudent;state whether applicable accounting standards have been followed, subject to any materia! departures disclosed and explained in the financial statements;
e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees’ report was approved by the board of trustees and signed on its behalf by:
Rev Dr G Haire Trustee Date: 23rd January 2026
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North Down CFC Independent Examiner's Report to the Trustees of North Down CFC For The Year Ended 31 March 2025 eeen EE
I report to the charity trustees on my examination of the accounts of North Down CFC (the Charity) for the year ended 31 March 2025.
Responsibilities and Basis of Report
As the charity trustees of the Charity,you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Charity's accounts carried out under the Charities Act (Northern Ireland) 2008 and in carrying out my examination I have followed the applicable directions given by the Charity Commission for Northern Ireland (CCNI).
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
3, the accounts do not comply with the the applicable requirements concerning the the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirerment that the accounts give a ‘true and fair view! which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Brian Stewart
Brian Stewart for and on behalf of RBCA Ltd. Linenhall Exchange 26 Linenha!l Street Belfast BT2 8BG
Date: 27 Jan 2026
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North Down CFC Statement of Financial Activities SNeee...eee eee ene For The Year Ended 31 March 2025
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|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Unrestricted|
|funds|funds|
|Notes|£|£|
|INCOME|AND|ENDOWMENTS|FROM:|
|Donations|and|legacies|3|16,280|33,991|
|EXPENDITURE|ON:|
|Raising|funds|4|(40,908)|(13,068)|
|Charitable|activities:|4|
|NET|(EXPENDITURE)/INCOME|(24,628)|20,923|
|NET MOVEMENT|IN|FUNDS|(24,628)|20,923|
|RECONCILIATION|OF|FUNDS:|
|Total|funds|brought forward|62,973|42,050|
|TOTAL|FUNDS CARRIED|FORWARD|10|38,345|62,973|
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The statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 7 to 10 form part of these financial statements.
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North Down CFC Statement of Financial Position As At 31 March 2025
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ee
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted funds |
Total funds |
||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 8 | 12,485 | 9,303 |
| Cash at bank and in hand | 30,610 | 58,421 | |
| 43,095 | 67,724 | ||
| Creditors: Amounts Falling Due Within One Year | 9 | (4,750) | (4,751) |
| NETCURRENTASSETS (LIABILITIES) | 38,345 | 62,973 | |
| TOTALASSETS LESSCURRENT LIABILITIES | 38,345 | 62,973 | |
| NETASSETS | 38,345 | 62,973 | |
| FUNDS OF THE CHARITY | |||
| Unrestricted Funds | 38,345 | 62,973 | |
| TOTALFUNDS | 10 | 38,345 | 62,973 |
These financial statements were approved by the board of trustees and authorised for issue and are signed on behalf of the board by
Rev Dr G Haire
Trustee
Date 23rd January 2026
The notes on pages 7 to 10 form part of these financial statements.
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North Down CFC Notes to the Financial Statements For The Year Ended 31 March 2025
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General Information 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.
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Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
2.2. Going Concern Disclosure
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported, These estimates 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.
2.3. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose.
Restricted funds are subjected to restrictions on their expenditure 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.
- 2.4. Incoming Resources
All incoming resources 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 charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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e income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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« legacy income is recognised when receipt is probable and entitlement is established. e income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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e income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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2.5. Resources Expended
Expenditure is recognised 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 financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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e expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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e 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.
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North Down CFC Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
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2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. 2.7. Financial Instruments A financial asset or a financial liability is recognised only when the charity becomesa party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received 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 other 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 any 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 initial gain was recognised. For all equity instruments regardless 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.
2.8. Government Grant Government 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 attaching to them and the grants will be received. 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 performance-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 liability.
- Income from Donations and Legacies
| 2025 | 2024 | |||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| £ | £ | |||
| Donations | and | gifts | 16,280 | 33,991 |
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North Down CFC Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 EE —————E—ESS SS Se
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|---|---|---|---|---|
|4.|Analysis|of|Expenditure|
|2025|
|Grant|Support|
|funding|of|costs|
|activities|(see|note|5)|Total|
|£|£|£|
|Charitable|Activities|27,000|13,908|40,908|
|2024|
|Grant|Support|
|funding|of|costs|
|activities|(see|note|5)|Total|
|£|£|£|
|Charitable|Activities|3,840|9,228|13,068|
|5.|Support|Costs|
|2025|
|Raising|
|funds|
|£|
|General|administration|13,908|
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2025 Raising funds £ 13,908 2024 Raising funds £ 9,228
General administration
6. Staff Costs
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
7. Average Number of Employees
Average number of employees during the year was:NIL (2024: NIL)
8. Debtors
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|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Due|within|one|year|
|Amounts|owed|by|related|parties|2,704|2,704|
|Prepayments|9,781|6,599|
|12,485|9,303|
|9,|Creditors:|Amounts|Falling|Due|Within|One|Year|
|2025|2024|
|£|£|
|Accruals|and|deferred|income|4,750|4,751|
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North Down CFC Notes to the Financial Statements (continued) For The Year Ended 31 March 2025
aSee
| 10. Movement in Funds |
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|---|---|---|---|---|
| As at 1 April 2024 |
Income | Expenditure | As at 31 March 2025 |
|
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General: | ||||
| General unrestricted fund | 62,973 | 16,280 | (40,908) | 38,345 |
| a | ||||
| Total funds | 62,973 | 16,280 | (40,908) | 38,345 |
| —oeee——————————————————————e———eeoeoeoeaea*"sS$S=S=E0O0SSSSS Sr | ||||
| Asat 1 April 2023 |
Income | Expenditure | As at 31 March 2024 |
|
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General: | ||||
| General unrestricted fund | 42,050 | 33,991 | (13,068) | 62,973 |
| pr | ||||
| Totalfunds | 42,050 | 33,991 | (13,068) | 62,973 |
11. Transactions with Trustees
No trustees received remuneration or other benefits through employment with charity,
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North Down CFC Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025
re
| 2025 | 2024 | |
|---|---|---|
| Total funds |
Total funds |
|
| £ | £ | |
| INCOMEAND ENDOWMENTS FROM: | ||
| Donations and legacies | ||
| Donations and gifts | 16,280 | 32,983 |
| Donations from organisations | - | 1,008 |
| 16,280 | 33,991 | |
| 16,280 | 33,991 | |
| EXPENDITURE ON: | ||
| Raising funds | ||
| Grants to institutions | (27,000) | (3,840) |
| Insurance | (1,239) | = |
| Accountancy fees | (600) | (450) |
| Professional fees | (5,131) | - |
| Bank charges | (806) | (413) |
| Charitable donations | (3,840) | (8,220) |
| Sundry expenses | (2,292) | (145) |
| (40,908) | (13,068) | |
| (40,908) | (13,068) | |
| NET(EXPENDITURE)/INCOME | (24,628) | 20,923 |
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