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2024-06-30-accounts

Company Registration Number: NI623523 Charity Number: 100981

The Journey Church

Annual Report and Unaudited Financial Statements

for the financial year ended 31 March 2024

McCleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 1TP

The Journey Church CONTENTS

Page
Trustees' and Other Information 3
Trustees' Annual Report 4 - 6
Statement of Trustees' Responsibilities 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 - 15
Supplementary Information relating to the Financial Statements 17

2

The Journey Church TRUSTEES' AND OTHER INFORMATION

Trustees

Holly Cairns (Appointed 1 September 2024) Samuel Joseph Bittle (Resigned 1 September 2024) Matthew John Kennedy Colin Patterson (Appointed 1 September 2024)

Charity Number in Northern Ireland

100981

Company Registration Number Principal Address

Independent Examiner

Solicitors

NI623523

The Journey Church Unit 3B Moira Road Retail Park 45 Moira Road Lisburn Co Antrim BT28 1RH McCleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 1TP MacCorkell Legal Garvey Studios 8-10 Longstone Street Lisburn BT28 1TP

3

The Journey Church TRUSTEES' ANNUAL REPORT

for the financial year ended 31 March 2024

The trustees present their Trustees' Annual Report, combining the Directors' Report and Trustees' Report, and the unaudited financial statements for the financial year ended 31 March 2024.

The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Trustees' Report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees.

In this report the trustees of The Journey Church present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2024.

The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements.

Mission, Objectives and Strategy

Mission Statement

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 aims to provide a regular place of worship with a sense of community and belonging for its people. It also provides activities for children and young children.

Objectives

The charity aims to work locally with all sections of the community, building relationships, sharing, and demonstrating the love of God. The charity is currently partnering with Lisburn Foodbank which is an organisation founded by local churches and community groups, working together towards stopping hunger in our local area. The Journey Church have been supporting the foodbank now over several years, through seasonal collections and now has a daily drop off point in the café entrance.

All these activities are run by volunteers, apart from the church teaching and pastoral care, The church employed Aaron Molesky as a part time temporary pastor within the organisation with employment ending on 31st March 2024. The charity also has a part-time worship and music coordinator, training, and equipping others in 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 coordination and communication of the activities happening within church and through the other community services.

Strategy

Our Happy Days soft play venture has been operating for 2 years and has been an amazing way to connect with the local community. This year the café underwent some renovations to improve the facilities we offer and increase the capacity available for customers.

Multiple spaces in the church building are used for groups to gather. A craft group runs one morning a week which has been a regular opportunity for women of all ages to gather and enjoy company over their crafts. There are also multiple exercise classes running in the church building during the week both free and private hire bookings, which is seeing many new people engage with the church services and other activities.

The charity also supports missionaries in Spain, Serbia, Italy and Republic of Ireland. The charity aimed to have over one hundred regular attendees in worship services each week. Attendance has increased in the past year and the charity continues to improve its excellent facilities.

4

The Journey Church TRUSTEES' ANNUAL REPORT

for the financial year ended 31 March 2024

Structure, Governance and Management

Structure

The 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 achieved, 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 constituted as a limited company by guarantee.

Governance

All trustees must pass strict criteria, they must be above reproach, have a good reputation and be responsible with money. Outgoing Trustees must unanimously agree 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 the criteria are always met to comply with insurance policies. The charity has a safeguarding policy in place for working with children and vulnerable adults. All volunteers within the charity are appropriately vetted.

Financial Review

The results for the financial year are set out on page 8 and additional notes are provided showing income and expenditure in greater detail on page 16.

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 charity's money is set aside for local compassion work and overseas mission work.

Results and Dividends

At the end of the financial year the charity has assets of £653,781 (2023 - £665,556) and liabilities of £2,022 (2023 - £497). The net assets of the charity have decreased by £(13,300).

The charity is keen to expand its work in the heart of the local community. A major part of this work will include increasing awareness of the services offered at the church through links counselling service and continuing to build and grow partnership with local community groups such as the Resurgam centre in one of the neighbouring estates. We also plan to continue expanding the services we are able to offer the local community through Happy Days that respond to the needs required.

Trustees

The current trustees are as set out on page 3

Holly Cairns (Appointed 1 September 2024) Samuel Joseph Bittle (Resigned 1 September 2024) Matthew John Kennedy Colin Patterson (Appointed 1 September 2024)

In accordance with the Constitution, the trustees retire by rotation and, being eligible, offer themselves for re-election.

Compliance with Sector-Wide Legislation and Standards

The charity engages pro-actively with legislation, standards and codes which are developed for the sector. The Journey Church subscribes to and is compliant with the following:

The Companies Act 2006

The Charities SORP (FRS 102)

5

The Journey Church TRUSTEES' ANNUAL REPORT

for the financial year ended 31 March 2024

Approved by the Board of Trustees on 18 December 2024 and signed on its behalf by:

________Matthew John Kennedy Trustee

________Holly Cairns Trustee

6

The Journey Church STATEMENT OF TRUSTEES' RESPONSIBILITIES

for the financial year ended 31 March 2024

The trustees, who are also directors of The Journey Church for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the trustees as the directors 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) including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company 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 of the net income or expenditure of the charity for that period.

In preparing these financial statements, the trustees are required to:

The trustees confirm that they have complied with the above requirements in preparing the financial statements.

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 Companies Act 2006. 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.

Approved by the Board of Trustees on 18 December 2024 and signed on its behalf by:

________Matthew John Kennedy Trustee

________Holly Cairns Trustee

7

The Journey Church INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF THE JOURNEY CHURCH

I have examined the financial statements of the charity for the financial year ended 31 March 2024, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The charity's trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required.

It is my responsibility to:

examine the financial statements under section 65 of the Charities Act;

follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and

state whether particular matters have come to my attention.

Basis of independent examiner's report

I have examined your charity financial statements 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. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 386 of the Companies Act 2006 the financial statements do not accord with those accounting records

the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of 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 (FRS102)

there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement

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 financial statements to be reached.

__________John McCleary FCA MCCLEARY & COMPANY LTD Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 1TP

Date: 18 December 2024

8

The Journey Church STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating an Income and Expenditure Account)

for the financial year ended 31 March 2024

Unrestricted
Funds
2024
Notes
£
Income
Donations and legacies
2.1
96,263
Other income
2.2
9,320
Total income
105,583
Expenditure
Charitable activities
3.1
96,728
Net income/(expenditure)
8,855
Transfers between funds
(19,009)
Net movement in funds for
the financial year
(10,154)
Reconciliation of funds:
Total funds beginning of the
year
12
656,405
Total funds at the end of
the year
646,251		 Restricted
Funds
2024
£
13,053
1,362
14,415
36,570
(22,155)
19,009
(3,146)
8,654
5,508		 Total
Funds
2024
£
109,316
10,682
119,998
133,298
(13,300)
-
(13,300)
665,059
651,759		 Unrestricted
Funds
2023
£
109,553
91
109,644
115,283
(5,639)
326,961
321,322
335,083
656,405		 Restricted
Funds
2023
£
379,225
5,591
384,816
57,950
326,866
(326,961)
(95)
8,749
8,654		 Total
Funds
2023
£
488,778
5,682
494,460
173,233
321,227
-
321,227
343,832
665,059

The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.

The notes on pages 11 to 15 form part of the financial statements

9

The Journey Church Company Number: NI623523 BALANCE SHEET

as at 31 March 2024

Notes
Fixed Assets
Tangible assets
8
Current Assets
Debtors
9
Cash at bank and in hand
Creditors: Amounts falling due within one year
10
Net Current Assets
Total Assets less Current Liabilities
Funds
Restricted funds
General fund (unrestricted)
Total funds
12		 2024
£
574,833
63,028
15,920
78,948
(2,022)
76,926
651,759
5,508
646,251
651,759		 2023
£
596,309
61,719
7,528
69,247
(497)
68,750
665,059
8,654
656,405
665,059

These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

For the financial year ended 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The trustees confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charity.

Approved by the Board of Trustees and authorised for issue on 18 December 2024 and signed on its behalf by

________ Matthew John Kennedy Trustee

________Holly Cairns Trustee

The notes on pages 11 to 15 form part of the financial statements

10

The Journey Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

Basis of preparation

The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102".

Statement of compliance

The financial statements of the charity for the financial year ended 31 March 2024 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102".

Cash flow statement

The charity has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement because it is classified as a small charity.

Fund accounting

The following are the categories of funds maintained:

Restricted funds

Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity.

Unrestricted funds

Unrestricted funds consist of General funds.

General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity.

Income

Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity.

Expenditure

Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

11

continued

The Journey Church NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2024

Debtors

Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders, but not yet received at financial year end, is included in debtors.

Cash at bank and in hand

Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.

Taxation and deferred taxation

The charity is exempt from corporation tax on its charitable activities.

2.
INCOME
2.1
DONATIONS AND LEGACIES
Unrestricted
Funds
£
Donations and legacies
96,263
2.2
OTHER INCOME
Unrestricted
Funds
£
Other income
9,320
3.
EXPENDITURE
3.1
CHARITABLE ACTIVITIES
Direct
Other
Costs
Costs
£
£
Expenditure on charitable activites
98,155
-
3.2
SUPPORT COSTS
Support
4.
ANALYSIS OF SUPPORT COSTS
Support
5.
NET INCOME
Net Income is stated after charging/(crediting):
Depreciation of tangible assets
6.
INVESTMENT AND OTHER INCOME
Other income		 Restricted
Funds
£
13,053
Restricted
Funds
£
1,362
Support
Costs
£
35,143
Charitable
Activities
£
35,143		 2024
£
109,316
2024
£
10,682
2024
£
133,298
2024
£
35,143
2024
£
35,143
2024
£
25,933
2024
£
10,682		 2023
£
488,778
2023
£
5,682
2023
£
173,233
2023
£
53,292
2023
£
53,292
2023
£
28,541
2023
£
5,682

12

continued

The Journey Church NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2024

7. EMPLOYEES AND REMUNERATION

Number of employees

The average number of persons employed (including executive trustees) during the financial year was as follows:

Management and administration
The staff costs (inclusive of trustees' salaries) comprise:
Wages and salaries
Pension costs		 2024
Number
3
2024
£
42,350
355
42,705		 2023
Number
2
2023
£
44,891
2,954
47,845

8. TANGIBLE FIXED ASSETS

Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the financial year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
9.
DEBTORS
Other debtors
Prepayments and accrued income
10.
CREDITORS
Amounts falling due within one year
Taxation and social security costs
Other creditors
Pension accrual		 Land and Improvement
buildings
to

freehold
property
£
£
350,000
326,659
-
-
350,000
326,659
-
100,820
-
22,584
-
123,404
350,000
203,255
350,000
225,839		 Fixtures,
fittings and
equipment
£
40,085
4,456
44,541
19,615
3,348
22,963
21,578
20,470
2024
£
47,412
15,616
63,028
2024
£
-
2,022
-
2,022		 Total
£
716,744
4,456
721,200
120,435
25,932
146,367
574,833
596,309
2023
£
40,351
21,368
61,719
2023
£
475
-
22
497

13

continued

The Journey Church NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2024

11. RESERVES

At the beginning of the year
(Deficit)/Surplus for the financial year
At the end of the year
12.
FUNDS
12.1
RECONCILIATION OF MOVEMENT IN FUNDS
At 1 April 2022
Movement during the financial year
At 31 March 2023
Movement during the financial year
At 31 March 2024
12.2
ANALYSIS OF MOVEMENTS ON FUNDS
Balance
1 April
2023
£
Restricted funds
Missionary Projects
-
Elisha (Building Project)
2,866
Links
5,100
Illuminate
-
Happy Market Days
688
Woven
-
8,654
Unrestricted funds
General
656,405
Total funds
665,059
12.3
ANALYSIS OF NET ASSETS BY FUND
-
Restricted funds
Unrestricted general funds
13.
TRUSTEES' REMUNERATION
Remuneration including pension contributions		 Unrestricted
Funds
£
335,083
321,322
656,405
(10,154)
646,251
Income Expenditure
£
£
11,320
27,691
-
2,060
-
1,440
2,528
4,933
266
256
301
190
14,415
36,570
105,583
96,728
119,998
133,298
Fixed
Current
assets
assets
charity use
£
£
-
5,508
574,833
73,440
574,833
78,948		 2024
£
665,059
(13,300)
651,759
Restricted
Funds
£
8,749
(95)
8,654
(3,146)
5,508
Transfers
between
funds
£
16,371
233
-
2,405
-
-
19,009
(19,009)
-
Current
liabilities
£
-
(2,022)
(2,022)
2024
£
-
-		 2023
£
343,832
321,227
665,059
Total
Funds
£
343,832
321,227
665,059
(13,300)
651,759
Balance
31 March
2024
£
-
1,039
3,660
-
698
111
5,508
646,251
651,759
Total
£
5,508
646,251
651,759
2023
£
22,641
22,641

14

continued

The Journey Church

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2024

Trustee Expenses

There were no trustee's expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023.

14. RELATED PARTY TRANSACTIONS

Happy Days (Lisburn) Ltd is a wholly owned subsidiary of The Journey Church. At 31 March 2024 £47,412 was owed to The Journey Church from Happy Days (Lisburn) Ltd (31 March 2023 - £40,350). Rent of £8,375 was charged by The Journey Church during the year to 31 March 2024.

15. POST-BALANCE SHEET EVENTS

There have been no significant events affecting the Charity since the financial year-end.

15

THE JOURNEY CHURCH

SUPPLEMENTARY INFORMATION

RELATING TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024

16

The Journey Church SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

Operating Statement for the financial year ended 31 March 2024

Income
Expenses
Wages
Trustees' salaries
Trustees' pensions paid
Pensions
Establishment costs
Travel expenses
Hospitality
Accountancy and legal fees
Bank charges
Event Expenses
Office Expenses
Outreach material & Speaker Costs
Sundries
Depreciation
Charitable donations
Miscellaneous income
Other income
Net (deficit)/surplus		 2024
£
109,316
42,350
-
-
355
8,358
-
2,003
4,319
311
3,511
3,027
6,646
2,725
25,933
33,760
133,298
10,682
(13,300)		 2023
£
488,778
23,927
20,964
1,677
1,277
9,860
591
444
5,831
330
5,917
8,730
9,017
4,905
28,541
51,222
173,233
5,682
321,227

The supplementary information does not form part of the financial statements

17

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