Company registration number: N1626570 Charity registration number.. NIC101027 Rathgael Road Church of Christ (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 September 2023 Hamilton Morris Waugh Independent Examiner 34 Dufferin Avenue Bangor Co Down BT20 3AA
Rathgael Road Church of Christ Contents Reference and Administrative Details Trustee's Report 2to3 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Ststements 7t0 11
Rathgael Road Church of Christ Reference and Administrative Details Charity Registration Number NIC101027 Company Registr8tion Number N1626570 Registered Office 3 Morley Avenue Conlig Newtownards B T23 7TR Independent Examiner Adam McDowell Chartered Certified Accountant Hamilton Morris Waugh Independent Examiner 34 Dufferin Avenue Bangor Co Down BT20 3AA Page I
Rathgael Road Church of Christ Trustee's Report Trustees and officers The trustees and officers serving during the year and since the year end were as follows- Trustee: Colin Graham Statement of trustee's responsibilities The trustee (who is also the director of Rathgael Road Church of Christ for the purposes of company law) is responsible for preparing the trustee's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law reqtsire5 tlie member to prepare financial statements for each financial year. Under company law the member must not approve the financial statements unless he is satisfied that they give a true and fair view of the stste of affairs of the charitable company and of the incoming resources and application of resolirces, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the member is required to: select suitable accounting policie5 and apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material departures disc105ed and explained in the financial ststements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the haritable company will continue in busine5S. The member is responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustee is responsible for the maintenance and integrity of the ¢orporate and financial infonnation included on the charitabl¢ company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Disclosure of information to auditor The member has taken steps that he ought to have taken as a member in order to make himself aware of any relevant audit information and to establish that the charity'5 auditor is aware of that infonnation. The member conf1m that there i5 no relevant inforniation that he knows of and of which he knows the auditor is unaware. The accounts hav¢ been prepared in accordance with the aG¢ounting policies set out in note I to the accounts and comply with The Charities Act 2008. Page 2
Rathgael Road Church of Christ Trustee's Report Strueture. Governance and management The management Committee who served during the year and up to the date of this report are set out on page l. The management Committee are appointed at the annual general meeting. The management eommittee have assessed the major risk5 to which the Charity is exposed. and are satisfied that systems are in place to mitigate exposure to the major risk5. Objeetive5 and Activities The Charity's objectives are to provide support to the missionary in India and fund the upkeep and promotion of the Rathgael Road Church of Christ. All donations received are used to finance the running costs of ihe Church and provide support for missionary work along with funding charity work within the local community. Aehievementj performance and future plans During the year the charity has raised funds through church donations which goes towards the support of a missionary in India. As noted in the September 2022 financial statements, the board had decided to deregister as a charitable organisation and close down the company. After discussing the available options with the Charity Commission for Northern Ireland. the board decided to continue to operate the charity in order to support the missionary and local Community. The board are currently seeking new trustees. Financial Review The management Committee are satisfied with the financial results of the year. The annual report was approved by the member of the charity on 17 June 2024 and signed on its behalf by.. Colin Graha Trustee Page 3
Rathgael Road Church of Christ Independent Examiner's Report to the trustee of Rathgael Road Church of Christ ('the Company,) I report to the charity trustee on my examination of the accounts of the Company ftir the year ended 30 September 2023. Responsibilitie5 and basis of report As the charity's trustee of Rathgael Road Church of Christ (and also its directors for the purposes of company law) you are responslble for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act.). Having satisfied myself that the accounts of Rathgael Road Church of Christ are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's aceounts as carried out under section 65 of the Charitie5 Act (Northem Ireland) 2008. In carrying out my examination I have followed the Directions given by the Charity Commission for Northern Ireland under section 65(9){b) of the Charities Act. My examination included a review of the accounting records kept by the Charity and a comparison of the accounts presented with those re¢ords. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. Independent examiner's statement I have completed my examination. l ¢onfirn) that no matters have come to my attention in connection with the examination giving me cause to believe- accounting records were not kept in respect of Rathgael Road Church of Christ as required by section 386 ofthe 2006 Act. or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter con5id¢red as part of an independent examination; or 4. the accounts have not been prepared in acwrdance with the methods and principles of the Statement of Recomvnended Practice for accounting and reporting by charities [appli¢able to charities preparing their accounts in accordance with the Financial Reporting Standard appli¢abl¢ in the UK and Republic of Ireland (FRS 102)]. 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. A.&JJ Adam McDowell Independent Examiner Chartered Certified Accountants For and behalf of, Hamiltr>n MO15 Waugh 34 Dufferin Avenue Bangor Co Down BT20 3AA 17 June 2024 Page 4
Rathgael Road Church of Christ Statement of Financial Activities for the Year Ended 30 September 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrieted funds Total 2023 Note Income 2nd Endowments from: Donations and legacies 9.513 9.513 Total income 9.513 9.513 Expenditure on". Charitable activities (9,344) (9,344) Total expenditure (9,344) (9,344) Net income 169 169 Net movement in funds 169 169 ReconciliAtion of funds Totsl funds brought forward 15 15 Totsl fvnds carri¢d f0Thrd io 184 Unrestricted funds 184 Total 2022 Note Income and Endowments from: Donations and lega¢i¢s 10,620 10,620 Total income 10,620 10,620 ExpeDditure on: Charitable a¢tivitics (11,873) (11,873) Total expenditure (11,873) (11,873) Net expenditure (1,253) (1,253) Net movement in fvnds (1,253) (1,253) Reconciliation of funds Totsl funds brought forward 1.268 1,268 Totsl fvnds carried forward io 15 15 All of the charity's activities derive from continuing operations during the above two periods. The ndS breakdown for 2022 is Show) in note 10. The notes on pages 7 to I I forni an integral part of thes¢ financial statements. Page 5
Rathgael Road Church of Christ (Registration number: N1626570) Balance Sheet as at 30 September 2023 2023 2022 Note Current assets Cash at bank and in hand 1.384 615 Creditors: Amounts falling due within one year Net assets (1.200) (600) 184 15 Funds of the charity: Unrestricted income funds Unrestricted fvnds 184 15 Total funds io 184 15 For the financial year ending 30 September 202J the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Director's responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in aceordance with section 476. and The director acknowledges his responsibilities for complying with the requirements of the Act with respe¢t to accounting records and the preparation of accounts. The financial statements on pages 5 to I I were approved by the board, and authorised for issue on 17 June 2024 and signed on ils behalf by.. Colin Grdham Trustee The notes on pages 7 to l I forni an integral part of these financial statements. Page 6
Rathgael Road Church of Christ Notes to the Financial Statements for the Year Ended 30 September 2023 I Ch2rity status The charity is limited by guarantee. incorporated in , and Consequently does not have share capital. Each of the trustee is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is.. 3 Morley Avenue Conlig Newtownards BT23 7TR These f&n8n¢ial statements were authorised for issue by the trustee on 17 June 2024. 2 A¢counting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with 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) (issued in October 2019) (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of prep#rAtion Rathgael Road Church of Christ meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant acwunting policy notes. Going concern The trustee consider that there are no material uncertainties about the charity'5 ability to continue a5 a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Ineome and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Expenditure All expenditure is recognised once there is a legal or constru¢tiv¢ obligation to that expenditure, it is probable settlement 15 required and the atnount can be mea5ur¢d reliably. All costs ar¢ allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs rannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff Costs allocated on the basi5 Qf time spent. and depreciation charges allocated on the portion of the asset's U5¢. Other support costs are allocated based on the spread of stsff costs. Page 7
Rathgael Road Church of Christ Notes to the Financial Statements for the Year Ended 30 September 2023 Cliarilable uc¢ivilies Charitable expenditure comprises those Costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocafrd directly to such activities and those costs of an indirect nature necessary to support them. Governance costs These include the costs attributable to ihe charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, Ihe charity is potentially exempt from taxation in respect of income or capital gains received within Categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purpose5. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-terni highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignifIcant risk of change in value. Trade Creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period. to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date. they are presented as non-current liabilities. Trdde creditors are recognised initially at the transa¢tion price and subsequently measured at amortised Cost using the effective interest method. Borrowings Enterest-bearing borrowings are initially recorded at fair value. net of transaction costs. Interest-b¢aring borrowings are subsequently carried at amortised ¢0st, with the difference between the proceed5, net of transaction costs, and the amount due on reden]ption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilttie5 unless the Charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund strueture Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity. Page 8
Rathgael Road Church of Christ Notos to the Financial Statements for the Year Ended 30 September 2023 3 Income from donations and legacies Unrestricted funds Ceneral Total funds Regular giving and capital donations 9,513 9,513 Total for 2023 9,513 9,513 Total for 2022 Regular giving and capital donations 10,620 10.620 Page 9
Rathgael Road Church of Christ Notes to the Financial Statements for the Year Ended 30 September 2023 4 Expenditure on charitable activities Unrestricted funds General Total funds Missionary support and benevolence Rent and rates Repairs and maintenance Printing, postage and ststionary Legal and professional fees 5,311 2.774 160 120 379 5,311 2,774 160 120 379 Total for 2023 Missionary support and benevolence Rent and rates Repairs and maintenance Printing. postage and stationary Legal and professional fees Bank charges 8,744 6,846 3.397 22 51 827 130 8,744 6.846 3,397 22 51 827 130 Total for 2022 11,273 11,273 In addition to the expenditure analysed above. there are also governance costs of £600 (2022 £600) which relate directly to charitable activities. See note 5 for further details. 5 Analysis of governanee and support costs Governanee costs Unrestricted fund5 General Total funds Examination fee Fee paid to examiner 600 600 Total for 2023 600 600 Total for 2022 600 600 Page 10
Rathgael Road Church of Christ Not&s to the Financial Statements for the Year Ended 30 September 2023 6 Trustee remuneration and expenses No trustee, nor any persons connected with them, have received any r¢mun¢ration from the charlty during the year. 7 Taxation The charity is a registered charity and is therefore exempt from tsxation. 8 Cash and cash equivalent5 2023 2022 Cash on hand 1,384 615 9 Creditors: amounts falling due within ont year 2023 2022 Trade creditor5 1,200 600 10 Funds Balance at 30 September 2023 Balance At I October 2022 Incoming resources Resources expended Unrestricted funds General 15 9,513 {9,344) 184 Balance at 30 September 2022 Bxlanee at I October 2021 Incoming resources Resources expended Unrestricted funds G¢n¢ral 1.268 10.620 (11.873) 15 11 Related party transactions During the year the charity made the following related party transactions.. Mackenzie Graham (Mackenzie Graham is the son of the organisations Trustee. Colin Graham.) During the financial year ending 30th September 2023, the Church donated £700 toward5 the cost of vehicle for Mackenzie Graham who lives in the US. Mackenzie acts for the Church within the US, carrying out various religious duties. At the balan¢e Sheet date the amount du¢ tolfrom Mackenzie Graham wa5 £Nil (2022 - £Nil}. Pagell