PRS Patton Rainey Stenson Limited CHARTERED ACCOUNTANTS & IIEGISTEFtED AUOITORS REGISTERED COMPANY NUMBER: N1061195 (Northern Ireland) REGISTERED CHARITY NUMBER: 101162 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR SOW 2 REAP TRUST Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enlliskillen Co. Fernianagh BT74 7BT CHARTERED ACCOUNTANTS IRELAND Registered to carry out audit work and regulated for a range ol invesitneni business aciivilie5 in the United Kingdorn by Ihe Insiilule ol Chartered Ac¢ounlant5 in Ireland Chartered Tax Advisers
SOW 2 REAP TRUST CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2024 Page Report of the Trustees Independent Examiner's Report Statement of Finaneial Activities Balance Sheet Notes to the Financial Statements 7 to 12 Detailed Statement of Finaneial Activities 13
SOW 2 REAP TRUST REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2024 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 December 2024. 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). OKJECTIVES AND ACTIVITIES Objectives and aims The charity's objectives are for the public benefit as set out in the Articles of Association and are restricted to the following". (a) The advancement of the Evangelical Christian Faith. (b) The relief of poverty, hunger and sickness" (c) The advancement of medical knowledge. (d) the advancement of education by way of assisting children and adults to r¢ceive Bible lessons. The beneficiaries from the Trust are Individuals and Organisations who are advancing the Christian religion around the world through various means supported by the Trust. Not only does the Trust give financial support to those involved in missions in various countrie5. but also printed Bible resources to assist individuals and groups to learn more about the Christian faith. Aehievements and Performance BibletiMeeW1lfe/GIeanerS Resources: In 2024, Sow2Reap distributed over 195,000 Bibletime lessons to appmximately 23,500 users in their homes and schools. We have many volunteers who assist in delivery, grading and marketing the resources. The public had opportunity to learn more about Christianity. Schools and parents benefitted from a free RE resource for their pupils and children. Sow2Reap also supply the resources to students in other countries via post and container e.g. Zambia USA etc. Visits are nonnally made to schools to conduct a school assembly and distribute prizes for approximately 23.500 children along with something for the teachers as an encouragement. Time does not always perniit to conduct an assembly, in these cases we deliver the prizes to the schools. For those who complete the Bibletime lessons at home (approximately 70 students) a public prize event was held this year in Knockconny Baptist Church (kindly grdnted) to reward students with prizes. Home students have decreased slightly. Postal Bible School Camp: It was wonderful to be able to arrange our PBS residential camp for both Christians and Non-christians aged 10-14 and 14-18. Once again our venue to the Cleenish Centre, Bellanaleck. We had a seperdte Junior (four nights) and Senior (five night) camp. Approximately 28 attended Junior and 40 attended Senior plus leaders. These Camper5 came from all over Ireland. They benefit from teaching on the Christian faith, teamwork, social skills and other skill sets. The leaders benefit from various training including safeguarding and field experience. Worldwide Support Including Ukraine.. During 2024, Sow2Reap were able to organise a work team to Romania to assist with repairs to the PBS camp centre there.This was a very profjtable week of hard work but also encouragement to the believers in Romania and indeed to the team from Ireland. Sow2Reap was able to financially support Christian Ministy in the following countries: Zambia £450, Canada £2,022 Romania £4.866. Other various gifts to support worldwide developmenL £650. Building Re5ilience.' In 2024 Sow2Reap held two Building Resilience days for Church leaders and ministers, mainly from Counties Femianagh, TyTone and Donegal. We were delighted to be able to report that on each occasion approx. 35-50 attended. The input from the speakers was valued and much appreciated. This benefits the attendees and also their congregations &s they disseminate this to them. Page I
SOW 2 REAP TRUST REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2024 Staff Louise Balmer remains our only paid staff member. Her role is a part time role in managing Collating, distribution and use of the Bibletitne resource, the organising of camp and prize events. and the administration of various aspects within the Sow2Reap office. She does this alongside many volunteers who give of their time to assist the charity in fulfilling its aims. Public benefit The main benefit flowing to the public from the advancement of the Christian religion through our resources is moral and ethical. Those associated with the Trust often bring physical and material need to those with whom they worK both Christian and Non-christian. Those whom the Trust support includes those who seek to relieve poverty, provide medical, educational and other services to their communities in which they work. There is no harn] arising from any of these purposes. The Trustees seek to ensure that the Public benefit requirement is considered and Sow2Reap Trust facilitates the advancement of the Christian religion and having due regard to the Charity Commission for Northern Ireland's guidance on public benefit. FINANCIAL REVIEW Financial Review The total income amounted to £106,282 for the year ended 31 December 2024 an increase from the previous year (2023:£69,088). The total expenditure during the year ended 31 December 2024 increased to £86,728 compared to £79,153 in the previous year. The total fund balance at the year end was £31,185 compared to £13,631 last year. Reserves policy The Charity's unrestricted reserves of £31,185 are regarded by the trustees as adequate and would enable the charity to continue operating covering salary and other expenditure for the f$t six months of the year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a Memorandum and Articles of Association and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company was set up on 10 October 2006 and was registered with the Charity Commission for Northern Ireland on 30 January 2015. REFERENCE AND ADMINISTRATIVE DETAILS R¢gi5ter¢d Company number N1061195 (Northern Ireland) Registered Charity number 101162 Registered office 37a Belmore Street Enniskillen Co. Fern]anagh BT74 6AA Trustees Mr H l Jones (resigned 24.3.25) Mr S J Balmer Mr W R S Emerson Mrs K Duncan Mr M Balmer Mr P Somerville There were no changes to the composition of the trustees during the year. Page 2
SOW 2 REAP TRUST REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary Independent Examiner Mr Thomas S Patton FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Femjanagh BT74 7B T Approved by order of the board of trustees on 17 September 2025 and sied on its behalf by: Mr S J Balmer- Trustee Page 3
PRS Patton Rainey I Stenson Limited CHAR TERED ACCOUNTANTS & REGISTERED AUDITORS INDEPEM)ENT EXAMINER'S REPORT TO THE TRUSTEES OF SOW 2 REAP TRUST I report on the accounts of the company for the year ended 31 December 2024, which are set out on pages five to twelve. Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the puL])0ses of company law) you are responsible for the preparation of the accounts in accordance with the requirernents 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 Tesponsibility to.. examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Diiections given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act stste whether particular matters 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 Se¢tion 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 in the accounts, and seeking explanations from you as charity trustees concerning 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 Recotnmended 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 undeTStanding of the accounts to be reached. Independent examiner's statement I have Completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the Dixections of the Charity Commission for Northern treland, I have found no matters that require drawing to your attention. Mr Thomas S Patton FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street EnniskilleTh Co. Fennanagb BT74 7BT 17 September 2025 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered lo carry out audil work and regulaled lor a rang8 01 investment business activities in Ihe United Kingdom by the In51ilute ol Chartered Accounlanis in Ireland
SOW 2 REAP TRUST STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOU for the Year Ended 31 DECEMBER 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 89,393 16,889 106,282 69,088 EXPENDITURE ON Charitable activities Charitable activities 62,917 23,811 86,728 79,153 NET INCOMEI(EXPENDITURE) Transfers between funds 26,476 (6,922) (6,922) 6,922 19,554 (10,065) io Net movement in funds 19,554 19,554 (10,065) RECONCILIATION OF FUNDS Total funds brought forward 13,631 13,631 23,696 TOTAL FUNDS CARRIED FORWARD 33,185 33,185 13,631 The notes forni part of these fmancial statements Page 5
SOW 2 REAP TRUST BALANCE SHEET 31 DECEMBER 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets 530 530 662 CURRENT ASSETS Debtors Cash at bank 7,160 25,725 7,160 25,725 1.700 12.339 32,885 32,885 14,039 CREDITORS Amounts falling due within one year (230) (230) (1,070) NET CURRENT ASSETS 32,655 32,655 12,969 TOTAL ASSETS LESS CURRENT LIABILITIES 33,185 33,185 13,631 NET ASSETS 33,185 33,185 13,631 FUNDS UeStrICted fimds io 33,185 13,631 TOTAL FUNDS 33,185 13,631 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the ye ended 31 December 2024. The members hav¢ not required the company to obtain an audit of its fmancial statements for the year ended 31 December 2024 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 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 financial year and of its surplus or delicit for each fmancial year in accordance with the requirements of Sections 394 and 395 and which othenvise comply wkth the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regirne. The fmancial statements were approved by the Board of Trustees and authorised for issue on 17 September 2025 and were signed on its behalf by: Mr S J Balmer- Trnstee The notes forni part of these fmancial statements Page 6
SOW 2 REAP TRUST NOTES TO THE FINANCIAL ST ATEMENTS for the Year Ended 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements have been prepared under the historical cost convention. and in accordance with the Companies Act 2006 and the requirement5 of the Statement of Recommended Practice, 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). Ineome All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income relates to donations and gifts along with Gift Aid reclaim5 received from HM Revenue and Customs. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditlwe is accounted for on an accruals basis and has been classified under headings 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 basis 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. Fixtures and fittings 200/0 on reducing balaThce Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting 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 Wkthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Hire purchase and leasing comtnitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a strdight line basis over the period of the lease. Going concern There are no material uncertainties about th¢ charitys ability to continue. Page 7 continued...
SOW 2 REAP TRUST NOTES TO THE FINANCIAL STATEMENTS- eontinued for th¢ Year Ended 31 DECEMBER 2024 NET INCOMEI{EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting)". 31.12.24 31.12.23 Depreciation - owned assets Other operating leases 132 6,625 165 2,800 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits foi the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses One trustee received reimbursed travel, motor and other expenses totalling £10,939 in the year ended 31 December 2023 (2022:£10,729). STAFF COSTS 31.12.24 31.12.23 Wages and salaries 13J74 14,582 13,374 14,582 The average monthly number of employees during the year was as follows: 31.12.24 31.12.23 Administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total nds INCOME AND ENDOWMENTS FROM Donations and legacies 53,714 15.374 69.088 EXPENDITURE ON Charitable activities Charitable activities 55,615 23,538 79,153 NET INCOME/(EXPENDITURE) Transfers between funds (1.901) (6,244) (8,164) 6,244 (10,065) Net movement in funds (8,145) (1,920) (10,065) RECONCILIATION OF FUNDS Total funds brought fonvard 21,776 1,920 23,696 Page 8 continued...
SOW 2 REAP TRUST NOTES TO THE FINANCIAL STATEMENTS - eontinued for the Year Ended 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted fiu]d nd Total funds TOTAL FUNDS CARRIED FORWARD 13,631 13,631 STATUS The charitable company is limited by guardntee not having a share capital. The liability of the members is limited to £10 each. Sow 2 Reap is also registered with HM Revenue and Customs as a charity. (XR 9119). TANGIBLE FIXED ASSETS Fixtures and fittings COST At l January 2024 and 31 December 2024 1,766 DEPRECIATION At l January 2024 Charge for year 1,104 132 At 31 December 2024 1,236 NET BOOK VALUE At 31 December 2024 530 At 31 December 2023 662 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Prepayments and accrued income 7,160 1,700 Page 9 continued...
SOW 2 REAP TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Accrned expenses 230 1.070 io. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.12.24 At 1.1.24 Unrestricted funds General fimd 13,631 26,476 (6,922) 33,185 Restricted funds Restricted fund (6,922) 6,922 TOTAL FUNDS 13,631 19,554 33,185 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in fLmds Unrestrieted funds General fund 89J93 (62,917) 26,476 Restricted funds Restricted fid 16,889 (23,811) (6,922) TOTAL FUNDS 106,282 (86,728) 19,554 Comparatives for movement in funds Net movement in fiulds Transfers between fLmds At 31.12.23 At 1.1.23 Unrestricted funds General fund 21,776 (1,901) (6,244) 13,631 Restricted funds Restricted fund 1,920 (8,164) 6,244 TOTAL FUNDS 23,696 (10,065) 13,631 Page 10 continued...
SOW 2 REAP TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2024 io. MOVEMENT IN FUNDS - eontinued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 53,714 (55,615) (1.901) Restricted funds Restricted fund 15,374 (23,538) (8,164) TOTAL FUNDS 69,088 (79,153) (10,065) A Current year 12 months and prior year 12 months combined position is as follows: Net movement in fvnds Trdnsfers betweeTh fimds At 31.12.24 At 1.1.23 Unrestricted funds General fund 21,776 24,575 (13,166) 33,185 Restricted funds Restricted fund 1,920 (15,086) 13,166 TOTAL FUNDS 23,696 9,489 33,185 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources ¢xpended Movement in funds Unrestricted funds General fund 143,107 (118,532) 24,575 Restricted funds Restricted fund 32,263 (47.349) (15,086) TOTAL FUNDS 175,370 (165,881) 9,489 Pagell continued...
SOW 2 REAP TRUST NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2024 ii. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 December 2024. Page 12
SOW 2 REAP TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donations and legacies General gifts and donations Gift aid relief received Camp income Income from World Work 85,933 3,460 12,739 4,150 52.055 1,659 14,234 1,140 106,282 69,088 Total incoming resources 106,282 69,088 EXPENDITURE Charitable activities Wages Rent Insurance Light and heat Telephone Postage and stationery Sundries Schools work Prizes Camps World eXpendIte Meetings and ¢onferen¢es Motor and travel expenses Le550ns Printing Hospitality Expenditure towards Ukraine Accountancy and legal fees Depreciation of tangible fed assets Bank charges 13J74 6,625 964 644 1,232 7,767 14.582 2,800 1,844 708 1,926 5.106 350 1,009 4,822 16.193 5,425 3,409 5,843 10,828 714 909 1,920 540 165 60 2,142 2,530 15,821 7,990 1,637 5,091 18,000 1,268 911 540 132 60 86,728 79,153 Total resources expended 86,728 79,153 Net income/(expenditure) 19,554 (10,065) This page does not forn] part of the statutory financial statements Page 13