an
Re
Istratlon No. Nl 620817
R Istratlon No. 101033
Chari
TheA
(Compa
airos Enterprises
k Community Gardens
y Limited by Guarantee)
Annu
l Financial Statements
for the
nded 31st March 2024
Year
Pre
ared B
Peter E O'Hare & Co
Chartered Accountants
32 Hlgh Street
Ballynahlnch
Co Down
BT24 8AB

Kairos Enterprises
Company Limited by Gua
Financial Statements
Year Ended 31st March 2
ntee
Page
Trustees, Annual Repo
(including Trustees Stra
gic Report)
Independent Examiners
eport to Trustees
Statement of financial a
(Including Income & Exp
ivities
ndrture Account)
Statement of Financial P
sition
Notes to the Financial S
ements
8-13

Kairos Enterprises
Company Limited by Gua
Trustees, Annual Report
(Including Trustees Strate
For the Year Ended 31st M
ntee
ic Report)
rch 2024
The trustees, who are also the dir
unaudited financial statements of
ctors for the purposes of company law. present their report and the
e charty for the year ended 31 st March 2024.
Reference and adminlstratlve d
alls
Reglstered charfty name
iros Enterprises
Charlty reglstration number
01033
Company reglstratlon number
1620817
Prlnclpal office & reglstered
offlce
Corrigs Road
ewcastle
Down
33 OJZ
Trustees
r David Henry Baxter
Robert Winston Bell
Peler Henry Barr
Jill Hamilton
Stephen Barthorpe
Independent examlner
er E O'Hare
artered Accountsnt
High Street
Ilynahinch
Down
24 8AB
Structure, governance and mana
Kairos Enterprises is a company lim
The day-to-day operation of the ch
the TrusteesNolunteers, and opera
support, mentoring and volunteering
The trustees, annual report (al>3ve).
10th
ctober 2024 and
ned by:
me
ed by guarantee and therefore has no share capital.
ty is carried out by the empfoyees, which in turn is overseen by
s from The Ark Community Gardens. This facilty provides help,
pportunities for a wide range of individuals and organisations.
lus the Annual Trustees Strategic Report were approved on the
Baxter
Trustee

Kalro8 Enterprises
Company Limited by Gua
Trustees, Annual Report (
Year Ended 31st March 2
ntee
corporatlng the Dlrector's Report)
The 2023-2024 financial year w
many new volunteers joining ou
ahvays encouraging to see the
continualty reminding ourselves
our community through the exa
upheld as the fundamental princ
Accordingly, it is most encourag
support they have experienced fr
the resumption of the Men's break
of challenges, disappointments, h
times we can feel very lonety and
Ark who genuinely care about th
our hand.
On the staff front, we had a sig
tendered his resignation to enabl
Christian Conference Centre. The
his 2 IA years wrth us and wish hi
the family call wtth us regularly. T
Director. Joanna was well known
volunteer. She has been very enth
for individuals wth a continual desi
We have also seen some changes
to resign from the Board, we also fi
hi5 massive input to our Board ove
btt of wisdom when required! It is al
have joined the Board, Jill Hami
becoming a member of Board does
On behalf of the Board. could I
commitment to the Ark, and for the
blessed by the team and the examp
On the financial front our accounts
an overall surplus over the year of j
reduce our relian￿ on extemal fund
It is with this in mind that we made t
of opening falls wtthin the 202312
Preparations for this new venture d
redevelopment of thewting shed i
construct a new potting shed and g
Joel and his teams have again been
Construction of new tool sh
Extension and renovation of
Having taken feedback from
in the farm shop and custom
The child￿n'S Play Area h
younger visitors.
We had a very success￿1 C
our volunteers.
Our growintyharvesbnOre-
and quantity of our produce
The old Pi8eon Club building
developed a beautiful fronta
again an exceptionally busy year in Ark Communty Gardens, wtth
team and many signrficant developments on the site. Whilst it is
ysical developments and improved faciltties we. as a Board, are
the core mission of The Ark - 'To demonstrate the love of God to
le of Jesus.. As the stte gets busier, ensuring that this mission is
l of our organisation drives the deasions taken by the Board.
g to hear so many volunteers testfy about the fellowship and
being part of our Ark family. It has been very encouraging to see
sts and the Ladies craft groups & outs'ngs. We all experien￿ times
th issues, bereavements and relationship drfficuities. During such
t is such a reassurance that we have an earthly family wtthin The
e difficutt times and a heavenly father who is reaching out to hold
ificant change during the year, when our Director, John Nixon,
him to take up a new post as manager of Castlewellan Castle
oard would like to thank John for his leadership and loyaty over
God's richest blessing in his new role. It is lovely to see him and
Board subsequently appointed Joanna Mccall to the position of
us all as a member of the Board and a very faithful and busy
siasticalty recetved ty stsff and volunteers, combining a real care
to expand the work of the organisation.
our Board. Following Joanna's appointment as Director, she had
lty allowed John Dinnen to retire and would like to thank John for
the past few years. He has agreed that we can still use him for a
o a joy to report that, since our last report, 3 new Board Members
n, Peter Barr and Stephen Barthorpe, who have realised that
ot exempt you from weeding etc on sttel
ain thank our staff team for their hqrd work. dedication and
ve and care that they show towards our volunteers. We truly are
they exhibit to us all.
ow a significant increase in both our income and outgoings, with
t over £2000. As stated in our reports in the past. we are keen to
rs- a source of income that can be unpredictable and unreliable.
big decision to open a coffee shop in our log cabin. As the date
24 financial year we will comment more in our next report.
however impact significantly on operations this year, wrth the
to a new volunteer meeting room and kitchen. We also plan to
house beside the chicken enclosure.
xceptionaity busy onsite with various projects as follows..
in the garden field.
e Men's Shed facilities.
ur volunteers, we have signfficanty expanded the items stocked
feedback has been very posttive.
been completed and fenced in. much to the delight of our
istmas Fair onsrte, which again require(I massive help from all
ing teams have again been exceptionalty busy and the qualty
'nues to develop.
as received a new roof & facelift and our flower exports have
for our customers to enjoy.

Kairos Enterprises
Company Limited by Gua
Trustees, Annual Report (
Year Ended 31st March 2
ntee
corporating the Director's Report)
Continued.........
Finally, could we again thank o
year. Whilsl it is very encouragi
who come ihrough our gales are
were embarking on some fairly
coffee morning to provide info
encourage all vojunteers to provi
fanlasiic i&qm of volunteers for their incredible support during the
to see the developments onsile, we truly do recognise that those
hai the Ark is all about. a Board we were conscious thai we
ajor changes to our site and in March we organised a volunteer's
ation on Ihe plans and seek feedback and suggestions. We would
us wilh your views on how wc can beller deliver on OUT mission.
With 811 bumility and gentlen
maintain the unity of the spirit i
with patlence, bearing with one another in love, eager to
the bond of peac& Ephesians Ch.4 V2-3
Board of Directors
rustees

Kairos Enterprises
Company Limited by Gua
Independent Examiner's
For the Year Ended 31st
ntee
port to the Trustees of Kairos Enterprises
rch 2024
I report to the truslees on my
charity,) for the year ended 31 st
amination of the financial Slatements of Kairos Enterprises (Ihe
rch 2024.
Responsibllitles and basls of re
As the trustees of the company
respjnsible for the preparation o
Charities Act (Northern Ireland) 2
You are satisfied that the accoun
audrted and have chosen instead t
Having satisfied myself that the a
of the 2006 Act and are eligible fo
the charty's financial statements
examination I have followed the
Ireland under section 65(9) (b) of th
nd also its directors for the purposes of company law) you are
the financial statements in accordan￿ wrth the requirements of
08 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act,).
of the company are not required by charrty or company law to be
have an independent examination.
unts of the company are not required to be audited under Part 16
independent examination, I report in respect of my examination of
carried out under section 65 of the 2008 Act. In carrying out my
neral Directions given by the Charty Commission for Northern
2008 Act.
Independent examlner's Stateme
I have completed my examination.
with my examination giving me cau
accounting records were
2006 Act,. or
the financial statements
the financial statements
the 2006 Act other than
is not a matter consider
the financial statements
principles of the Statem
charities applicable to c
Reporting Standard appli
I confirm that there are no other m
understsnding of the accounts to be
confinn thai no matters have wme to my attenb'on in connection
e to believe that in any material respect..
ot kept in respect of the charty as required by section 386 of the
not accord with those records. or
o not comply wrth the accounting requirements of section 396 of
y requirement that the accounts give a 'true and fairf view which
as part of an independent examination: or
have not been prepared in accordance with the meththjs and
nt of Recommended Practice for accounting and reporting by
rtties preparing their accounts in accordance with the Financial
ble in the UK and Republic of Ireland (FRS 102).
ers to which your attention should be drawn to enable a proper
eached.
eter E O'Hare -
ndependent Examiner
Peter E O'Hare & Co
Chartered Accountants
32 Hlgh Street
Ballynahlnch
Co Down
BT24 8AB
Date:
The nots8 on pag
6 to 12 fomi part of th•M fln•nclal 8t8t•ments.

Kairos Enterprises
Company Limited by Gua
Staternent of Flnancial Ac
(Including Income & Expe
For the Year Ended 31st M
ntee
vities
diture Account)
rch 2024
2024
Restricted
funds Totsl funds Total funds
Unrestricted
funds
2023
Not•
Income and endowments
Donations and legacies
Charvtable activities
13,112
76.875
89,987
99,985
161.499
161,499
55,489
Investment income
572
572
180
Totsi income
175,183
76.875
252,058
155,654
Expendlture
Expenditure on raising frjnds..
Costs of raising donations an
legacies
92,881
Expenditure on charitable activrties
9,10
200.028
76,875
276,903
60,743
Totsl expenditure
76,875
277,559
153,624
Net income/(expenditure) and ne
movemenl In funds
(25,501)
(25,501)
Reconclllatlon of funds
Total funds brought forward
106,623
49.359
155,982
153.952
Total funds carrled forward
81,122
49,359
130,481
155,982
The statement of flnanclal actl
All Income and e
tles Includes all galns and losses recognlsed In Ihe year.
pendlture derlve from continulng activities.
Th• notu on pag
6 to 12 fomi part of Ihe8• ilnanclal stat•m•nts.

Kairos Enterprlses
Company Limited by Gua
Statement of Flnancial P
As at 31st March 2024
antee
ition
2tr24
2023
Not•
Fixed Assets
Tangible Fixed Assets
Current Assets
Debtors & Prepayments
Cash at Bank
11
104.542
111,593
12
2.161
32,873
566
47,948
35.034
48,514
Credltors: amounts falllng due
thln one year
13
(4,124)
Net Current Assets
25,9
Total Assets less Current UabS1
les
130.481
155.982
Net Assets at 31st March
130,481
155,982
Funds of the Charlty
Restricted funds
49,359
49,359
Unrestricted funds
81,122
106,623
Totd Charlty Funds at 31st Mar
14
130,481
155,982
For Ihe year ending 31st March 2
477 of the Companies Act 2006 rel
Directors, responsibilities:
4 the charty was entitled to exemption from audit under section
ting to small companies.
The members have not requi
year in question in accordanc
the company to obtain an audit of rts financial statements for the
with section 476.
The directors acknowledge
with respect to accounting r
These financial ststements have
companies subject to the small co
These financial statements were
October 2024, and are signed by..
ir responsibiliti'es for comptying with the requirements of the Act
rds and the preparation of financial statements.
een prepared in accordance with the provisions applicable to
anies, regime.
pproved by the trustees and authorised for issue on the 10th
Mr Dav
Trust
Baxter
The note8 on pag
6 to 12 fomi part ol th¢80 flnanclal statements.

Kairos Enterprises
Company Limited by Gu
Notes to the Flnancial St
Year Ended 31st March 2
antee
ements
24
General Informatlon
The charty is a public ben
Northern Ireland and a regi
Corrigs Road. Newcastie,
entty and a prtvate company limited by guarantee, registered in
ered charty in Northern Ireland. The registered office address is 2A
unty Down, BT33 OJZ.
Statement of compllance
These financial statements
Reporting Standard appli
Recommended Practice ap
Financial Reporting Standa
SORP (FRS 102)) and the
have been prepared in compliance wrth FRS 102. 'The Financial
ble in the UK and the Republic of Ireland,. the Statement of
licable to charities preparing their accounts in accordance wtth the
applicable in the UK and Republic of Ireland (FRS 102) (Charities
mpanies Act 2006.
Accountlng pollcles
Basls of preparatlon
The financial statements h
revaluation of certain financ
value through income or ex
e been prepared on the historical cost basis. as modified by the
l assets and liabilities and investment properties measured at fair
nditure.
Going concern
There are no material unce
inties about the charrtls ability to continue.
Fund accountlng
Unrestricted funds are avail
charty's purposes.
ble for use at the discretion of the trustees to further any of the
Designated funds are unrest
commitment.
ed funds earmarked by the trustees for particular future project or
Restricted funds are subj
through the terms of an ap
endowment funds.
to restrictions on their expenditure declared by the donor or
I, and fall into one of two sub-classes.. restricted income funds or

Kairos Enterprises
Company Limited by Gua
Notes to the Financial Sta
Year Ended 31st March 2
ntee
ments (contthu•d)
Accountlng pollcle8 (¢onti
Incomlng resources
All incoming resources are
passed to the charty. it is
will flow to the charty and
are applied to particular cat
cluded in the sLqtement of financial activtties when entitlement has
robable that the economic beneftts associated wrth the transaction
e amount can be reliably measured. The following specrfic policies
ories of income:
income from donation
grft, receipt is probable
or grants is recognised when there is evidence of entitlement to the
nd its amount can be measured reliably.
legacy income is re
ised when receipt is probable and entitlement is established.
income from donated
impractical to measure
or the estimated res
accounts when re￿1V
the contribution of gen
ds is measured at the fair value of the goods unless this is
eliabty. in which case the value is derived from the cost to the donor
le value. Donated facilities and service5 are recognised in the
rf the value can be reliably measured. No amounts are included for
ral volunteers.
income from contra
contracted service. T
requirement for it to
it may be regarded as
for the suppty of sep4ices is recognised with the delivery of the
s is classrfied as unrestricted funds unless there is a contractual
spent on a particular purpose and returned rf unspent. in which case
Resources expended
Expenditure is recognised
VAT which cannot be full
financial actNities to which '
an accruals basis as a liabilty incurred. Expendtiure includes any
recovered, and is dassified under headings of the statement of
relates:
expendtture on raisi
non-charitable trading
funds includes the costs of all fundraising activities, events,
ctNtties, and the sale of donated goods.
expenditure on cha
actNtties that further '
support costs and
activtties.
le activities includes all costs incurred by a charity in undertaking
charitable aims for the benefit of Its beneficiaries, including those
relating to the governance of the charty apportioned to charitable
other expenditure incl
charty nor part of its e
des all expenditure that is neither related to raising funds for the
penditure on charilable activities.
Ail costs are allocaled to e
attributable to a single activ
between the activities they
enditure categories reflecting the use of the resource. Direct costs
are allocated directy to that acttvty. Shared costs are apportioned
ntribute to on a reasonable, justifi'able and consistent basis.
Operatlng leases
Lease payments are recog
sed as an expense over the lease term on a straight-line basis. The
aggregate benefft of lease'lncenttves is recognised as a reduction to expense over the lease
term, on a straight-line basi

Kairos Enterprises
Company Llmited by Guapntee
Notes to the Financial Stakments {contthu•d)
Year Ended 31st March 2
Accountlng policles {¢ontln
Tanglble assets
Tangible assets are inttial
accumulated depreciation
amounts are recorded at
accumulated depreciation a
recorded at cost, and subsequentty stated at cost less any
nd impairment losses. Any tangible assets carried at revalued
he fair value at the date of revaluation less any subsequent
subsequent accumulated impairment losses.
ount of an asset as a result of a revaluation, is recognised in other
unless rt reverses a charge for impairment that has previously been
hin the statement of financial activities. A decrease in the carrying
of revaluation, is recognised in other recognised gains and losses,
previous revaluation gain. in which case the loss is shown within
sses on the statement of financial actFVFties.
An increase in the carying
recognised gains and losses
recognised as expenditure
amount of an asset as a res
except to which it oftsets a
other recognised gains and I
Depreclation
Depreciation is calculated s
value, over the useful econo
as to wrrte off the cost or valuation of an asset, less rts residual
ic lrfe of that asset as follows..
Freehold propety
Computer Equipment
10% reducing balance
25% reducing balan
Impalrnient of flxed assets
A review for indicators of im
amount being estimated wh
recoverable amount, the ass
possible reversal at each re
irment is carried Ixrt at each reporting date, wtth the recoverable
re such indicators exist. Where the carrying value exceeds the
t is impaired accordingly. Prior impairments are also reviewed for
rting date.
For the purposes of impai
amount of an individual a
cash-generaling unit to whi
identrfiable group of assets
independent ol the cash inflo
ent tesling, when it is not ￿1b18 to estimate the recoverable
et. an estimate is made of the recoverable amount of the
'h the asset belongs. The cash-generating unit is the smallest
at includes the asset and generates cash inflows that largely
from other assets or groups of assets.
will, the goodwill acquired in a business combination is, from the
ach of the cash-generating units that are expected to benefit from
on, irrespective of whether other assets or liabilities of the charty
For impairment lesting of g
acquisition date, allocated to
the synergies of the combina
are assigned to those unrts.
Flnanclal Insiruments
A financial asset or a financia
contractual provisions of the i
liabilty is recognised only when the charty becomes a paty to the
trument.
Basic financial instruments ar
any related transaction costs.
inrtialty recognised at the amount receivable or payable including

Kairos Enterprises
Company Limited by Gu
antee
Notes to the Flnancial Stqtements (conthu•d)
Year Ended 31st March 2
Accounting pollcles (con
Flnanclal instruments {
Current assets and curre
consideration expected to
subsequentty measured at
Where investments in sha
reliably. the investment is
recognised in income and e
cost less impairment.
Other financial instruments,
payment for an asset is def
that is not a market rate, in
payments discounted at a m
Other financial instruments
recognised in the statement
designated hedging relations
Financial assets that are me
of impairment at the end of e
impairment Ioss is recognis
activities in which the inrtial g
For all equty instruments
individualty signrficant. these
either assessed individualty or
Any reversals of impairment
resutt in a carrying amount of
have been had the impairment
t liabiltties are subsequently measured at the cash or other
paid or received and not dis(x)unted. and Debt instruments are
ortised cost.
are publicly traded or their fair value can otherwise be measured
ubsequently measured at fair value wrth changes in fair value
nditure. All other such investments are subsequently measured at
ncluding derivatives. are inttially recognised at fair value, unless
red beyond normal business terms or financed at a rate of interest
hich case the asset is measured at the present value of the future
ket rate of interest for a similar debt instrument.
are subsequenty measured at fair value. with any ohanges
financial activities. with the ex￿ptIon of hedging instruments in a
ured at cost or amortised ￿ are reviewed for objective evidence
ch reporting date. If there is objective evidence of impairment, an
under the appropriate heading in the ststement ot financial
was recognised.
gardless of signfficance. and other financial assets that are
e assessed individually lor impairment. Other financial assets are
rouped on the basis of similar credrt risk characteristics.
recognised immediately, to the extent that the reversal does not
he financial asset that exceeds what the carrying amount would
ot previousty been recognised.
Umlted by guarantee
Kairos Enterprises is a compa
limrted by guarantee and therefore has no share capital.
Donatlons and legacles
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donatlons & Grant Fundlng
Restrlcted Funds
13.112
76,875
89,987
Unrestricted
Funds
Restricted Totsi Funds
Funds
2023
Donatlons
Restricted Funds
24,552
75,433
99.985

Kairos Enterprises
Cornpany Limited by Gua
Notes to the Flnancial St
Year Ended 31st March 2
antee
ements (conthJu•d)
Charitable actlvltles
Unrestrlcted Totsl Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Grants, Fundraising. Busine
Organisations Income
and
174,611
174.611
55,489
55.489
Investment Income
Unrestricted Totsl Funds Unrestricted Totsl Funds
Funds
2Q4
Funds
2023
Bank Interest Received
572
5T2
180
180
Costs of ral8lng donatlons
nd legacles
Unrestrlcted Restricted Totsl Funds
Funds
Funds
2024
Costs of ralslng Funds l Do
atlons
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Costs of raising Funds l Dona
ons
43.182
49,699
92,881
Expendlture on charltsblo a
vitles by fund type
Unrestrlcted Restricted Total Funds
Funds
Fund8
2024
Actlvltle8- Farm Shop & Co
eelcafe
76.875
276,903
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Activrties - Farm Shop
41,885
18,858
60,743

Kairos Enterprises
Company Limited by Gua
Notes to the Financlal Statements (conthu•d)
Year Ended 31st March 2024
antee
11. Tanglble Flxed Assets
Freehold
property Equlpm•nt
Total
Cost
Balance at 1 st April 2023
Additions
159.948
3,645
4.158
163.593
4.158
Balance at 31st March 202
159,948
167,751
Depreclatlon
Balance at 1st April 2023
Charge for the year
49,899
10,824
2,100
386
51,999
11.210
Balance at 31st March 202
60,723
63,209
Carrylng amount
Balance at 31 st March 202
99225
5,317
104,542
Balance at 31 st March 2023
110,049
1,545
111,594
12. Debtors
2024
2023
Trade debtors
Prepayments and accrued in
2,161
566
me
Balance at 31 st March
2,161
13. Credllors." amounts falllng
e withln one year
2024
2023
Trade creditors
Accruals and deferred incom
8,315
3.344
Balance at 31st March
9.095
4,124