REGISTERED COMPANY NUMBER: N1623523 (Northern Ireland) REGISTERED cHARy IYUMBER: 100981 Report of the Trustees and Financial Statements for the Year Ended 31 March 2023 for The Journey Church (A Company Lixnited by Guarantee) Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longston¢ Street Lisbum Co. Antrim BT28 ITP
The Journey Church Contents of the Financial Statements for the Year Ended 31 March 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balanee Sheet Notes to the Financial Statements 9 to 15 Detailed Statement of Finaneial Activities 16 to 17
The Journey Church Report of the Trustees for the Year Ended 31 Mareh 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 l January 2019). OBJECTIVES AIYD ACTtvrrIES Objeetives and aims The charity aims to teach the values outlined within the Bible to better improve people's lives and give them an opportunity to put their trust in God. The charity atms to provide a regular place of worship with a seme of community and belonging for its people. It also provides activities for Children and young children. The charity airns to work locally with all sections of the community, building relationships, sharing and demonstrating the love of God. The charity is currently partnering with an organisation called Christians Against Pov¢rty (CAP) in order to educate the local community in how to organize their finances and &ssist those in debt or with financial problems. All these activities are run by volunteers, apart from the church teaching and pastoral care. The church currently employs Aon Molesky &8 a temporary part time pastor within the organisation. The charity also has a part-time worship and music coordinator, training and equipping others in the area of leading worship and playing instruments. The charity also employs a part time administrator to assist with the administration of the church and to provide support to the leadership team in leading the church and caring for people. ACHIEVEMENT AND PERFORMANCE Charitable activities Our partnership with Links Counselling continues to grow and. in line with planning pemjission, we constructed four new counselling rooms,office space and new youth facilities in part of our buildings. This allows us to expand our overall reach as a church into the community with services to change lives. Our Happy Days soft play venture has been another amazing way to connect with the local community. We are able to offer free spaces to disadvantaged families and have seen a number of people connect with the church as a result of this venture. The charity also supports a number of overseas mission projects including a family working in Italy and an education program in Kenya. The charity also supports missionaries in Spain, Serbi4 Mexico and Republic of Ireland. The charity aimed to have over l 00 regular attendees added to worship services each week. Attendance has increased in the past year and the charity continues to improve its excellent facilities. FINANCIAL REVIEW Financial review The charity has a healthy cash flow and has no outstanding debts. The majority of the charity's income comes through donations from church members. A sizable amount of the charities money is set aside for local compassion work and overse&s mission work. The charity has also received sorne grant funding from trusts that appreciate the positive impact the charity is having in the heart of their local community- FUTURE PLANS The charity is keen to expand its Work in the heart of the local community. As well conttnuing to develop the work of Happy Days and helping links counselling we also intend to pursue other ways of making a positive impact in our local area. Page I
The Journey Church Report of the Trustee5 for the Year Ended 31 March 2023 STRUCTURE, GOVERNANCE AND MANAGEMEIYT Governing document The three trustees also act as directors for the charity. The charity has a joint leadership team made up of the three directors. They each have equal responsibility, authority and power in decision-making. When a unanimous decision cannot be made a majority decision is reached. Within the context of the journey church these three directors serve as leaders and are responsible for all decision-making along with the wider church leadership team. The Journey Church has a memorandum and articles of association, the charity is constited as a limited company by guarantee. All trustees must pass strict criterii they must be above reproach, have a good reputation and be responsible with money. An unanimous decision must be reached by old trustees when appointing new trustees. All risks posed to the charity are covered by professional indemnity insurance. All appropriate procedures and systems are in place to ensure that insurance policies criteria are aIways complied with. The charity has a safeguarding policy in place for working with children and vulnerable adults. All volunteers within the charity are appropriately vetted. REFEREIYCE AND ADMINISTRATIVE DETAILS Registered Company number N1623523 (Northern Ireland) Registered Charity number 100981 Registered office Journey Church Unit 3B Moira Road Retail Park 45 Moira Road Lisburn Co. Antrim BT28 IRH Trustees Gary Francis Bolton Pastor (resigned 8.11.22) Mr Samuel Joseph Bittle Building Contractor Mr Matthew John Kennedy Builder Mr Neil McLcese (appointed 9.9.22) Independent Examiner John Mccleary FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisbum Co. Antrim BT28 ITP Page 2
The Journey Church Report of the Trustees for the Year Ended 31 March 2023 REFERENCE AIYD ADmINIsTRATE DETAILS Solicitors Maccorkell Legal Garvey Studios 8-1 O Longstone Street Lisburn BT28 ITP Approved by order of the board of trustees on 13 December 2023 and signed on its behalf by: Mr Samuel Joseph Bittle - Trustee Page 3
Independent Examiner's Report to the Trustees of The Journey Church I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages six to fifteen. Respective responsibilities of charity trustees and examiner As the charity's trustees (and also tlie directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to= examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matfrrs have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9){b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures ftn the accounts, and seeking explanations from you as charity tru5t¢es conceming any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe.. That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the 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 That there is further infonnation needed for a proper understanding of the accounts to be reached. Independent examiner's ststement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confinn that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in Ireland which is one of the listed bodies. I have completed my examination and have no concerns in respect of the rnatters ( l ) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. John Mccleary FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim Page 4
Independent Examiner's Report to the Trustees of The Journey Chureh BT28 ITP 13 December 2023 Page 5
The Journey Church Statement of Financial Activities for the Year Ended 31 March 2023 Period 1.7.21 to 31.3.22 Total funds Year Ended 31.3.23 TotaI funds Unrestricted fund Restricted funds Notes INCOME APAD ENDOWMENTS FROM Donations and legacies 109,553 379,225 488,778 155,201 Other income 91 5,591 5,682 12,406 Total 109,644 384,816 494,460 167,607 EXPENDrruRE ON Charitable activities Direct costs Support costs 65,344 49,940 54,597 3,352 119,941 53,292 88,742 45,664 Total 115,284 57,949 173,233 134,406 NET INCOME/(EXPEIYDITURE) Transfers between funds (5,640) 326,961 326,867 (326,961) 321,227 33,201 Net movement in funds 321,321 (94) 321,227 33,201 RECONCILIATION OF FUNDS Total funds brought forward 335,083 8,749 343,832 310,631 TOTAL FUNDS CARRIED FORWARD 656,404 8.655 665,059 343,832 The notes forni part of these financial statements Page 6
The Journey Church Balance Sheet 31 March 2023 31.3.23 Total funds 31.3.22 Total funds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible &8sets 596,309 596,309 273,605 CURRENT ASSETS Debtors Cash at bank 60,593 1,126 7,528 61,719 7,528 63,294 8,748 60,593 8,654 69,247 72,042 CREDrroRS Amounts falltng due within one year (497) (497) (1,815) NET CURRENT ASSETS 60,096 8,654 68,750 70,227 TOTAL ASSETS LESS CURRENT LIABILITIES 656,405 8,654 665,059 343,832 NET ASSETS 656,405 8,654 665,059 343,832 FUNDS Unrestricted funds Restricted funds 656,405 8.654 335,083 8,749 TOTAL FUNDS 665,059 343,832 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each fmancial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which othenvis¢ comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes fomi part of these financial statements Page 7 ontinued...
The Journey Chureh Balance Sheet- continued 31 March 2023 These financial statements have been prepared in accordance with thc provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 13 December 2023 and were signed on its behalf by: Mr Samuel Joseph Bittle - Trustee The notes form part of these financial statements Page 8
The Journey Church Notes to the Financial Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to Ihe funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabililies are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, it 15 probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headtngs that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a b&8is consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property Fixtures and fittings l O % on reducing balance 15 % on reducing balance Taxation The charity is exempt from corporation tax on its charitable activities. Fund aeeounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restriction5 arise when specified by the donor or when funds are raised for particular re5tiicted purposes. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activitie5 in the period to which they relate. Page 9 continued.-.
The Journey Church Notes to the Financial Statements - continued for the Year Ended 31 March 2023 DONATIONS AND LEGACIES Period 1.7.21 to 31.3.22 Year Ended 31.3.23 Donations Gift aid Grants 120,764 33,662 334,352 98,968 20,368 35,865 488,778 155,201 Grants received, included in the above, are as follows.. Period 1.7.21 to 31.3.22 Year Ended 31.3.23 House of Vic-Ryn Trust Limited Govemment Grants - CJRS TBF Thompson Grace Trust Other grants Willats Trust SMB Trust Lottery Fund Walter Watson Trust Bishop Radford Trust LCF Trust 125,000 9,949 5.000 2,000 7,416 7,000 1,500 20,000 750 14,901 7,000 1,701 40,000 1.000 2,000 125,000 334,352 35.865 IYET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after charging/(¢rediting)= Period 1.7.21 to 31.3.22 Year Ended 31.3.23 Depreciation - owned assets 28.541 22,952 Page 10 continued...
The Journey Church Notes to the Financial Statements - contÉnued for the Year Ended 31 March 2023 TRUSTEES, REIIIUNEIi4TION AND BENEFITS Period 1.7.21 to 31.3.22 Year Ended 31.3.23 Trustees, salaries Trustees, pensions paid 20,964 1,677 25,065 2,134 22,641 27,199 Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2023 nor for the period ended 31 March 2022. STAFF COSTS The average tnonthly number of employees during the year was as follows.. Period 1.7.21 to 31.3.22 Year Ended 31.3.23 Management & Admin No employees received emoluments in excess of £60,000. colARATIVEs FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds NCOME AND ENDowl¥NTs FROM Donations and legacies 89.221 65,980 155,201 Other income 11,000 1,406 12,406 Total 100,221 67,386 167,607 EXPENDuRE ON Charitable activities Direct costs Support costs 60,327 45,605 28,415 59 88.742 45.664 Total 105.932 28,474 134,406 IYET INCOME/(EXPENDITURE) Transfers betTrveen funds (5,711) 110,738 38,912 (110.738) 33,201 Pagell continued...
The Journey Church Notes to the Financial Ststements - continued for the Year Ended 31 March 2023 COMPAII4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds Total funds Net movement in funds 105,027 (71,826) 33,201 RECONCILIATION OF FUNDS Total funds brought forward 230,056 80,575 310,631 TOTAL FUNDS CARRIED FORWARD 335,083 8,749 343,832 TANGIBLE FIXED ASSETS Improvements to propety Fixtures and fittings Freehold propety Totals COST At l April 2022 Additions 326,659 38,839 1,245 365,498 351,245 350,000 At 31 March 2023 350,000 326,659 40.084 716,743 DEPRECL4TION At l April 2022 Charge for year 75,726 25,094 16,167 3,447 91,893 28,541 At 31 March 2023 100,820 19,614 120,434 NET BOOK VALUE At 31 March 2023 350.000 225,839 20,470 596,309 At 31 March 2022 250,933 22,672 273,605 Page 12 continued...
The Journey Church Notes to the Financial Statements- continued for the Year Ended 31 Mareh 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Other debtors Prepayments and accrued income 40,352 21,367 53,863 9,431 61.719 63,294 CREDrroRS.. AMOUNTS FALLING DUE WH1N ONE YEAR 31.3.23 31.3.22 Bank loans and overdrafts (see note l O) Social security and other taxes Pension account 333 1,268 214 475 22 497 1,815 10. LOANS An analysis of the maturity of loans is given below.. 31.3.23 31.3.22 Amounts falling due within one year on demand: Bank overdrafts 333 11. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 335,083 (5,639) 326,961 656,405 Restricted funds Missionary Projects Elisha (Building Project) NHS Meals Lirkks Artlife Illuminate Gary Bolton Leaving / New International Happy Market Days (15,775) 350,302 15.775 (350,000) (128) 2,564 128 5,100 2,866 5,100 (572) (1,120) 572 163 957 (6,657) 688 6,657 688 8,749 326.866 (326,961) 8,654 TOTAL FUNDS 343,832 321,227 665,059 Page 13 continued...
The Journey Church Notes to the Financial Statements - continued for the Year Ended 31 March 2023 ii. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 109,644 (115,283) (5,639) Restrieted funds Missionary Projects Elisha (Building Project) Cafe/Soft Play Links Artlife Illuminate Gary Bolton Leaving /New International Happy Market Days 14,680 353,333 7,000 695 1,701 3,120 (30,455) (3,031) (7,000) (695) (2,273) (4,240) (15,775) 350,302 {572) (1,120) 3,343 944 (10,000) (256) (6,657) 688 384,816 (57,950) 326,866 TOTAL FUNDS 494,460 (173,233) 321,227 Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.22 At 1.7.21 Unrestrieted funds General fund 230,056 (5.711) 110,738 335,083 Restricted funds Missionary Projects Elisha (Building Project) Cafelsoft Play NHS Meals Links Illuminate (11,643) 2,564 47,034 11,643 2,564 75,347 128 5,100 (122,381) 128 5,100 957 957 80,575 38,912 (110,738) 8.749 TOTAL FUNDS 310,631 33,201 343,832 Page 14 continued...
The Journey Church Notes to the Financial Statements - eontinued for the Year Ended 31 March 2023 11. MOVEIVIENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrieted funds General fund 100,221 (105,932) (5,711) Restricted funds Missionary Projects Elisha (Building Project) Cafe/Soft Play Li[S Illuminate 11,877 3,000 50,602 500 1,407 (23,520) (436) (3,568) (500) (450) (11,643) 2,564 47,034 957 67,386 (28,474) 38,912 TOTAL FUNDS 167,607 (134,406) 33,201 12. RELATED PARTY DISCLOSURES Gross wages (£20.964) and pension contributions (£1,677) were paid to Gary Bolton during the course of the period for his role as Pastor. Gary Bolton was a trustee of the Charity during the period. £1 0,000 was donated to Gary Bolton on leaving his role as Pastor to go towards his new role with the charity New International. Happy Days Lisburn Ltd is a wholly owned subsidiary of The Journey Church. At 31 Mar¢h 2023 £40,350 was owed to The Journey Church by Happy Days Lisburn Ltd (2022- £53,863) Page 15
The Journey Chureh Detailed Statement of Financial Activities for the Year Ended 31 March 2023 Period 1.7.21 to 31.3.22 Year Ended 31.3.23 INCOME AND ENDOWMENTS Donations and legaeies Donations Gift aid Grants 120,764 33,662 334,352 98,968 20,368 35,865 488,778 155,201 Other income Other income 5,682 12,406 Totsl incoming resources 494,460 167,607 EXPENDITURE Charitable activities Trustees, salaries Trustees, pensions paid Wages Pensions Charitable & missionary donations Hospitality Outreach material Event expenses Sundries Travel expenses Speaker costs 20,964 1,677 23,927 1,277 51,222 444 579 5.917 4,905 591 8,438 25,065 2,134 26,045 1,762 28.043 1,087 97 849 2,550 810 300 119,941 88,742 Support costs Finance Bank charges 330 167 Other Establishment costs Office cxp¢nses Carried fonvard 9.860 8,730 18,590 15.251 5.752 21.003 This page does not forni part of the statutory financial ststements Page 16
The Journey Church Detailed Statement of Finanei21 Activities for the Year Ended 31 March 2023 Period 1.7.21 to 31.3.22 Year Ended 31.3.23 Other Brought forward Improvements to propety depreciation Fixtures and fittings depreciation 18,590 25,093 3,448 21,003 20,346 2,607 47,131 43,956 Governance costs Accountancy and legaI fees 5,831 1,541 Total resources expended 173,233 134,406 Net income 321,227 33,201 This page does not form part of the statutory financial statements Page 17