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 2024 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 Statements 7t0 11
Rathgael Road Church of Christ Reference and Administrative Details Trustee Colin Graham Charity Registration Number NIC101027 Company Registration Number N1626570 Registered Office 3 Morley Avenue Conlig Newtownards BT23 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 requires the 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 state of affairs of the charitable company and of the incoming resources and application of resources, 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 policies 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 disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 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 trregularities. The trustee is responsible for the maintenance and integrity of the corporate and financial infornlation included on the ¢haritable company's website. Legislation governing the preparation and dissemination of financial stat¢rnents may differ from legislation in other jurisdictions. Disclosure of information to auditor The member ha5 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's auditor is aware of that information. The member confinns that there is no relevant infonnation that he knows of and of which he know5 the auditor is unaware. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and cornply with The Charities Act 2008. Page 2
Rathgael Road Church of Christ Trustee's Report Structure, 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 committee have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Objectives and Activities The Charity's objectives are to provide support to the missionary in India and fijnd the upkeep and promotion of the Rathgael Road Church of Christ. All donations received are used to finance the running costs of the Church and provide support for missionary work along with funding charity work within the local community. Achievement? performance and future plgns 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 cutTently 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 l July 2025 and signed on its behalf by- Colin Graham Trustee Page 3
Rathgael Road Church of Christ Independent Examiner's Report to the trustee of Rathgael Road Church of Christ ('the Company,) report to the charity trustee on my examination of the accounts of the Company for the year ended 30 September 2024. Responsibilities and basis of report As the charity's trustee of Rathgael Road Church of Christ (and also its directors for the purposes of cornpany law) you are responsible 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 accounts as carried out under section 65 of the Charities Act (Northern 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 records. 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. I confinn 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 of the 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 considered a5 part of an independent examination. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iieland (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 ord¢r to enable a proper understanding of the accounts to be reached. AWL Adam McDowell Independent Examiner Chartered Certified Accountants For and behalf of, Hamilton Morris Waugh 34 Dufferin Avenue Bangor Co Down BT20 3AA l July 2025 Page 4
Rathgael Road Church of Christ Statement of Financial Activities for the Year Ended 30 September 2024 (Including Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) Unrestricted funds Total 2024 Note Income and Endowments from: Donations and legacies 9,808 9,808 Total income 9,808 9,808 Expenditure on: Charitable activities (9.582) (9,582) Total expenditure (9.582) (9,582) Net income 226 226 Net movement in funds 226 226 Reeonciliation of funds Total funds brought forward 184 184 Total fvnds carried fonvard 10 410 Unrestricted funds 410 Total 2023 Note Income and Endowments (rom.. 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 Total fijnds brought fonvard 15 15 Total fund5 caLed forward 10 184 184 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 10. The nofrs on pages 7 to I I fonn an integral part of these financial statements. Page 5
Rathgael Road Church of Christ (Registration number: N1626570) Balance Sheet as at 30 September 2024 2024 2023 Note Current asset5 Cash at bank and in hand 1,010 1.384 Creditors: Amounts falling due within one year Net assets (600) (1,200) 410 184 Funds ofthe eharity: Unrestricted income funds Unrestricted funds 410 184 Total funds io 410 184 For the financial year ending 30 September 2024 the charity was entitled to exemption from audtt 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 accordance with section 476. and The director acknowledges his responsibilities for complying with the requirements of the Act with respect 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 l July 2025 and signed on its behalf by.. Colin Graham Trustee The notes on pages 7 to I I forni an integral part of these financial statement5. Page 6
Rathgael Road Church of Christ Notes to the FinanciaI Statements for the Year Ended 30 September 2024 I Charity status The charity is limited by ouarantee, incorporated in and consequently doe5 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 financial statements were authorised for issue by the trustee on l July 2025. 2 Accounting policies Summary of significant accounting polieies 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 othenvise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (appli¢able 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 Companie5 Act 2006. Basi5 of preparation Rathoael Road Church of Christ meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical c05t or transaction valu¢ unl¢ss otherwise stated in the relevant accounting policy notes. Going concern The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Income 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 constructive obligation to that expenditure. it is probable settlernent is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resource5, Wlth central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other 5UPPOrt costs are allocated based on the spread of staff costs. Page 7
Rathgael Road Church of Christ Notes to the Financial Statements for the Year Ended 30 September 2024 Cliftritable ftclivilies 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 allocated directly to such activitie5 and those costs of an indirect nature necessary to support them. Governance costs These include the costs attributable to the 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, the 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 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tern] 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. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently Caled at amortised cost, with the difference between the proceeds. net of transaction costs, and the amount due on redemption being recognised as a charge to the Statetnent of Financial Activities over the period of the relevant boowing. Interest expense is recognised on the ba515 of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structure 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 Notes to the Financial Statements for the Year Ended 30 September 2024 3 Income from donation5 and legacies Unrestricted funds General Total funds Regular giving and capital donations 9,808 9,808 Total for 2024 9,808 9,808 Total for 2023 Regular giving and capital donations 9,513 9,513 Page 9
Rathgael Road Church of Christ Notes to the Financial Statements for the Year Ended 30 September 2024 4 Expenditur¢ on charitable activities Unrestricted funds General Total funds Missionary support and benevolence Rent and rates Repairs and maintenance Printing, postage and stationary Legal and professional fees 4,711 3,818 103 27 323 4,711 3,818 103 27 323 Total for 2024 Missionary support and benevolence Rent and rates Repairs and maintenance Printing, postage and stationary Legal and professional fees 8,982 5,311 2,774 160 120 379 8,982 5,311 2.774 160 120 379 Total for 2023 8,744 8.744 In addition to the expenditure analysed above, there are also governance costs of £600 (2023 £600) which relate directly to charitable activitie5. See note 5 for further details. 5 Analysis of governance and support costs Governance costs Unrestricted funds General Total funds Examination fee Fee paid to examiner 600 600 Total for 2024 600 600 Total for 2023 600 600 Page 10
Rathgael Road Church of Christ Notes to the Financial Statements for the Year Ended 30 September 2024 6 Trustee remuneration and expenses No trustee, nor any persons connected with them, have received any rernuneration from the charity during the year. 7 Taxation The charity is a re¢ristered charity and is therefore exempt from taxation. 8 Cash and cash equivalents 2024 2023 Cash on hand 1,010 1,384 9 Creditors: amounts falling due within one year 2024 2023 Trade creditors Accrua15 1,200 600 600 1,200 10 Funds B212nce at 30 September 2024 Balance at I October 2023 Incoming resources Resources expended Unrestricted funds General 184 9,808 (9,582) 410 Balance at 30 September 2023 Balance at I October 2022 Incoming resources Resources expended Unrestricted funds General 15 9,513 (9,344) 184 Page 11