Charity registration number.. 101297 The Burning Bush AJLnual Report and Financial Staiements for the Year Ended 31 August 2024
The Burning Bush Contents (continued) Reference 2ud Administrative Detsil$ stees, Report 2to3 Statement of Ttustees, Resp)nsibitities Indep¢ndent Examinevs R¢ptsrt Statement of Financial Activiti¢5 6t07 Balan¢e Sheet Not¢s to the Financial Statemettts 9t016
The Burning Bush Reference and Administrative Details Trustees Mrs Ruth Neill Mr Billie Neill Mr Matth¢w Neill Mr Stuart Neill Charity Registration Nlltllber 101297 Principal orfiee 62 Scotch Street Dullgannon Co Tyrone B T70 7DH IDdependellt Examiner Thomas Oliver and Associates Limited Certified Public Accountsnt l Moygashel Mills Park Dunganno Co Tiyone BT717DH Page I
The Burning Bush Trusteesl Report The trnsttts present the a1Ual report together with the financial 5tat¢ments of the charity for the year ended 31 August 2024. Objectives and activities Pmbllc beAeJ71 The trnst¢e$ main tt5ponsibilities are to increase knowledge of God's word through the Bible and other resources, mainly in Dungannon and South TyroD¢ area, to offer comfort and support to families and persons in need through sickness, deatb and other issues, and to help support rn15sions in Ireland and overseas. The charity rdis¢5 fvnd5 thr(>ugh the sale of books and other religious resources in their bookshop & holding events such as concerts & breakfast rnornsngs. This enables theD] to in¢r¢as¢ religious knowledge within the Dungannon and South Tyrone Area , to offer comfort to persons in ill health or nearing death, or people with fajnily problems. This also enables them to incre&%e capacity amongst missionaries to see the Christian faith improved. advanced and spread through the income derived from the sale of these r¢souw¢s being re-di5tribut¢d to the religious organisations. The trustees ¢onfjrni that they have complied the r¢quire1neS of the Charities Act (Northern Ireland) 2008 to have due regard to the public benefit guidance published by the Charity Commission for Nortbern Ireland. Achlevements and performance A challenging year with ongoing fjnancial issues facing $0 many. Trade would have been down particularly frorn January, however p¢opl¢ still calling into shop seeking h¢lp alld advice with so rnally issues and struggles. People of different languages call in for help frojn forni filling to spiri81. As ill previous years the shop h&$ tried to help 10¢4[ )nissioDS and tra¢t produc¢rs etc Strueturey goverllance and mRnagerneut Flnalleial instrnments Objeellves t7ndpolicies The charity's activities expose it io a number of fmancial risks including credit ri5K cash flow risk alkd liquidity risk. The use of fJn8ncial derivative5 15 governed by the charity's policies approY¢d by tbe board of trustees, which provide written principles on th¢ use of financial derivatives to manage thes¢ risks. The charity does not use d¢rsvative financial instnunents for 5p¢culative purposes. C4shflow rlsk The chariry's activitie5 expose it PTimaTily to the fman¢ial risks of changes in for¢ign currency exchange rate5 and interest rate5. Th¢ charity uses foTeigti exchange forward contracts and int¢T¢51 rate swap contra¢ts to hedge these exposures. tnterest bearing assets and liabiliti¢S are held at fixed to ¢Dsure cettiinty of cash flows. Page 2
The Burning Bush Trustees, Report (continued) Credit risk The ¢harity's principal fJn8ncial assets are bank balances and Cas trad¢ and other receivables. and investments. The charity's tr¢dit risk is prirnarily atiTibutable to its trade receivables. The amounts pr¢sent¢d in the balance sheet ar¢ net of allowances for doubtful receivables. An allowance for impairnient is made where there is an ideniifi¢d loss event which, based on pttvious experien¢e, is evidence of a r¢durtion in tbe reeov¢rability of the cash flows. The credit risk on liquid finds and derivatiye f]nancial instr5]rnents is litnited b¢¢aus¢ the counterparties are baT)k5 ryth high credit-rdtings assIed by intertk*ional credit-rating agencies. The charity has no significant ¢oncentration of edit risK with exposure spread over a large number of counteyies and custojners. Liquidlty rLfk In order to rnaintsin liquidity to ensure that sufficient fidS axe available for ongoing operatioDS ad fvtur¢ deVelopents, the clwity uses a Jnixture of long-terni and ShOrt-te debt financ¢. Ftrther details r¢garding liquidity risk can be found in the Ststement of accountillg poltcies in the financial statements. The attnual report w&% approved by the trustees of the clwity (Fn 27 May 2025 and SIg¢d on its behalf by.. Trii&JoLL Mrs Ruth Neill Trnst¢e Mr Billie Neill Trustee Page 3
The Burning Bush Statement of Trustees, Responsibilities Th¢ trust¢es are responsible for prepaxing the tNstees' report and the financial stst¢rnents in aceordance with the United Kingdorn Accounting StandÈrtts (Ullited Kingdom Generally Accepted Accounting Practice) and applieable law alld regulttions. The law applicable to charities requires the thjstees to prepare financial statements for each fJnan¢ial year wl)icb give a tsrye and fair vtew of the stste of affairs of the charity alld of the incoming reSoUeS and applieation of resources of the tharity for that period. In preparing th¢$¢ financial statements, the tsustees are required to.. select suitsbl¢ a¢¢ounling policies and then apply them ¢onsistently' obs¢rv¢ the m¢thod5 and principle5 in the Charitie5 SORP. make judgements end estimates t11 are reasonable and ptudent. state whether applicable accounting stslldards have been followed. subject to any material dartureS disclosed and exp12ined in the finan¢ial stateTn¢nts" 2nd prepare the fmallcial statements oll the going concern basis unless it is illappropriate pr¢sume that the charity will ¢ontinu¢ in busine5S. The trustees are responsible for keeping proper accounting records that disclose with re&gonable accuracy at any time the f]nancial posiiion of the charity and enable them to en5ur¢ that the financial ststements ¢ornply with the Charities Act (Northem Ireland) 2008, the applicable Charities (Accounts and Reports) Regutations, and the provisions of the constitution. The trustees ar¢ a150 responsible for safeguarding the assets of the charity and hence for taking reOnable steps for the pr¢v¢ntion and d¢teetion of fraud and other Iegularlti¢S. The trustees are responsible for the rnaintenance and inteIty of the COTporat¢ and fjnancial information includ¢d on the charitable coMpanS w¢bsit¢. Legislation governing the preparation and dis%mination of financial statements ay differ from legislation in other jurisdictions. Approved by the trustee5 of the charity on 27 May 2025 alld signed on its behalf by.. Mrs Ruth Neill Tntee Mr Billie Neill Tntee Page 4
The Burning Bush Independent Examiner's Report to the trustees of The Burning Bush I report to the tntee$ on my exam2natioD of the accounts of The Burning Bush for the year ended 31 August 2024. R¢sponsibilltles and basis ofreport As th¢ charity's trllstee5 of The Burning Bush you are responsible for the preparatiott of the accounts in accordance with the requirements of the Charities Act (Nortbern treland) 2008. It is my TespoJ]sibility to - examine th¢ accounts under section 65 of the Cbarities A¢t - follow the procedures laid dowryL in th¢ generat Dtre¢tion5 given by the Commission under section 65(9Xb) of the Charities Act - stat¢ whether particular matters have come to my attention Basis of llldepeDdent exarniner's report I have exaTnin¢d your charity accounts as r¢quired under section 65 of the Charities Ad and my exajntnation was caTried out in a¢cordance with the general directions given by th¢ Charities ConJmi55i0n for Northern treland Uler 5¢Ction 65 (9)(b) of the Charities ACL My examination included the r¢view of the accounting records kept by the charity and a comparison of the accounts presented with those record%. It also included con5id¢ration of any unusual items or disclosures in th¢ accounts, and seeking explauations from you as ¢harity tsstee$ wncerning any such mtters. My role ts to state whether any mat¢rial matters have come to my attentions giving me cause to believe:_ l That a¢¢ounting records were not kept in a¢cordance with Section 63 of the Charities Act 2 That th¢ accounts do not accord with thos¢ a¢counting records 3 Thai the accounts do nol Comply with th¢ accounting requireTn¢nts of the Charities Act 4 That there is further information n¢¢ded for a proper understanding of the a¢count5 to be reached. Independent ¢xamiDer's ststernent I have completed my eXaMi10n and have no concerns in respect of the matters (l) to {4) listed abov¢ in eollnedion with the following Directions of the CharÈty Conunission for Nortbern tr¢lan(L I have found no matters that require drnwitig to your attention. Iver add As Certified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH 27 May 2025 Page S
The Burning Bush Statement of Financial Activities for the Year Ended 31 August 2024 Unrestricted funds Total 2024 Note Income and Endowmellts frojn: Donations and legacies Other trading activities 18,936 43,424 18.936 43,424 Totsl income 62,360 62,360 Expellditure oll: Raising fid$ Charitable a¢tivities Other expenditure Total expenditure (52,620 (864) 51 (52.626) (864) (51) (53,541) (53,541) income 8.819 8,819 Net movement in fjjnds 8,819 8.819 Reconciliation of funds Total fi]Dds brought forward Total fi]nds Carried foThv8rd 70,245 70.245 18 79,064 Unrestrietsd funds 79,064 Total 2023 Nots Income and Endowments fTOrn: Donations and legacies Other trading activities Total incojne 10,628 48,884 10.628 48,884 59,512 59,512 Expenditure oll: Raising fidS Charitable activities Other ¢xpenditure {51,774) (912) 5681 (51,774) {912) {568) Total expenditure {53,254) (53.254) Nei incorne 6258 6,258 Net movement in fimds 6258 6,258 Reconciliation of funds Total fjjnds brought forward 63,987 63.987 Total fimds canied fotivard 18 70245 70,245 The notes on pages 9 10 16 forrn an integral part of these financia] staternents. Page 6
Thc Burning Bush Statement of Financial Activities for the Year Ended 31 August 2024 (continued) All of the clwity'5 activities derive frorn continuing operati(Fns during the above two periods. The fuuds breakdown for 2023 is shown in note 18. The notes on pages 9 to 16 fomi an integral part of these fjnancial statements. Page 7
The Burning Bush (Registration number: 101297) Balance Sheet as at 31 August 2024 2024 2023 ote Fkned assets Tangible assets 12 153 204 Current assets Stocks Debtors C&%h at bauk and in hand 13 14 15 27,272 1,183 60,769 29236 852 48,076 89,224 78,164 Creditors: Amounts fallillg due with1 otse y¢*r 16 (7,463 (5273) Net current assets 81,761 72.891 Total assets less current liabilltie5 81.914 73.095 Creditors: Amounts falling due after more thall one year Net assets 17 {2.850) (2,850} 70,245 79,064 Funds of the eharity: Unrestricted income funds Unr¢strIed fund5 79.064 70,245 Totsl funds 18 79,064 70,245 The fJn8ncial statements on pages 6 to 16 were approved by the trustees, aud authorised for issue on 27 May 2025 and SIed on their beha]f by: Triu&LL Mrs Ruth Neill Trnstee Mr Billie Neill Trustee The note5 on page5 9 to 16 form an int¢gral part of these finallcial statements. Page 8
The Burning Bush Notes to the Financial Statements for the Year Ended 31 August 2024 l Aeeounting poiicles Statement of cornplianee The fancial statements have been prepar¢d in accordance witb the second edition of the Charities Statement of R¢¢onvnended Practice issued in O¢tober 2019. tbe Financial Reporting Standard appli¢able in the United Kingdo and Republi¢ of Ireland (FRS 102) and the Charitie5 Act 2011. Basis of preparstion The Buming Bush tneets the defll)ition of a publi¢ benefit entity under FRS 102. The accounts (finallcial statements) bave been prepared under the historical cost convention with items r¢cognised at cost or trallsactioll value unless otherwry5e stated in the relevant note(s) to these accovnts. Going eoncern The trnstees consid¢r that there are no rnat¢rial wicettiinties about th¢ thariWs ability to continue &$ a going concern. Income and endowments Voluntary income in¢luding donations, gifts, legacies and grants that provide core fimding or of a general nabre is re¢ognised when the charity has entitle¢llt to the incon)e. it is probable that th¢ in¢ome will be received and the amount can be Jneasured with sufficiellt reliabilÈty. Donalions andlegucl Dotwtions and legaeies are recOlSed on a receivable basis when receipt is probable and the amount can be reliably measured. Expenditure All expendittwe is reco115¢d once there is a legal or constnjctive obligation to that expenditure, it is probable settl¢ment is required and the amount can be rn¢asured reliably. All costs ar¢ allocated to the applicable expenditure heading that aggregate sirnil costs to that category. Where costs cannot be directly attributed to particular headings they have been allocaied on a basi5 con51Stent with the tsse of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocat¢d on the portion of the asset's use. Oth¢r support costs ar¢ allocat based on the spread of staff costs. Raisingfvnds These are costs incurred in attracting voluntary income, the mattagernent of investments and those incurred in trading activities that rais¢ funds. GovernaDce eosts These include the costs attributable to the charity's compliance with constitutional alkd statutory requirements, in¢luding audiL strategic management and trustee5 rneetings and reitithurs¢d expenses. Page 9
The Burning Bush Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) TaxatlOD The charity is c4)nsidered to pass the trsts set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it tneets the Ikfinition of a charitsble eolnpany for UK corporation t&x purposes. Accordingly, the chariry is potentially ex¢Tnpt fro]n t&xation in r¢sp¢¢t of income or capital gains received within categories cov¢r¢d by Chapter 3 Part I I of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to tbe exient tbat such income or gains are appli¢d exclusively to charitable purposes. Tallglble fixed assets Individual fExed assets costing £0.00 or more are iuitia]ly rorded at cos¢ less any subsequent accwnulated depre¢iation #nd subsequent accumu]ated impainnent losse5. Depreeiatiott and amortisation Depreciation is provided on taugible fix¢d a55ets 50 as to WTite off the cost or valuation. less any ¢stinled residual Yalue. over their expected usefijl econoElli¢ life as follow5.. Stoek Stock is valued at the lower of eost alld ¢stimat¢d selling price les5 costs to complete and sell, after du¢ regard for obsolete pnd slow moving stocks. Cost Is det¢rllJin¢d using the first-iTL first-0 (FIFO). Trade debtor5 Trade debtors are alnounts du¢ from customers for merchandise sold or services perfornied in the ordkngry course of business. Trdde debtors are recognised initially at th¢ transaction price. They are subsequently Tne&sured at alnortised cost using the effective int¢r¢st rn¢tho(I less provision for impaim)ent. A provision for the impairn¢nt of trdde debttsrs is estsblished when there is objective evidence that the will not be able to collect all amounts due according to the original terms of tbe reeeivables. Cash cash equivalents Cash and cash equivalents CQmPTiSe ¢&5h on hand and call deposits, and other short-t¢rni higbly liquid EnveStettts that readily cOnVe1)IC to a known alnount of ¢&sb and ¢ subje¢t tts an iDsigllificant risk of change in vaiue. Trade creditors are obligations to pay for goods or SeIc¢S that have been acquired in the ordinary course of busin¢55 from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional righL at the end of the r¢porting 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 OnthS after the reporting date, they are presented as non-curr¢ut ITabilities. are recogntsed initially at the transaction price and subsequently measured at amortised cost using the effe¢tiv¢ interest method. Page 10
The Burning Bush Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) Fund structure Unrestricted ineome fjjnds are generdl fi]nds that #T¢ available for use at the knjstees discretion in furtheran¢¢ of the objectives of the ehartry. 2 In¢om¢ from doD4tiow #ud legacies UDrestrlcted fulld$ GeDer81 Tot81 funds Donations and legacies; Donations frorn individuals Gift aid reclaimed 14,211 4,725 14,211 4,725 Totsl for 2024 18,936 18,936 Totsl for 2023 10,628 10,628 3 Ineome from otber tradillg aetiviti Unrestricted funds General Totsl runds Trading income. Shop incom¢ from sale of donated goods and services 43.424 43,424 Total for 2024 43.424 43.424 Total for 2023 48,884 48.884 4 Expenditure ou r#i$ing funds a) Costs of trading activities Page 11
The Burning Bush Iyotes to the Financial Statements for the Year Ellded 31 August 2024 (eontinucd) Unrestricted funds General Total fuDds Note Costs of goods sold Other direct costs of activities for generating fijnds 25,529 15,567 25.529 15.567 Total for 2024 41,096 41.096 Total foT 2023 38.624 38,624 Total costs 5 Expenditure ebaritable aetivitiÉs Unr¢$tri¢ted fuDd8 General Total funds Note Governance costs 864 864 Total for 2023 912 912 Total expenditure 6 Otber ¢xpelldffitur¢ Unre5trieted fullds General Totsl runds Note DeprecialioD, amortisation and other siujilar ¢osts 51 Total for 2024 51 Totsl for 2023 568 568 Page 12
The Burning Bush Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) 7 Allalysis of goverDaDee and support eosts Governance costs Unrestrieted fund5 General Total funds Audit fees Other fees paid to audilors 864 864 Total for 2024 864 864 Total for 2023 912 912 8 Net ineomillgloutgoing re50urce5 Net in¢orning reSOue5 for tbe year include.. 2024 2023 Loss on disposal of fixed assets held for the charity's own use Depreciation of fixed assets 500 68 51 9 Trustses remull¢ration and expenses During the year the charity made the following transaction5 with Ie¢s.. Mr Billie Neill Mr Billie Neill received remuneration of £9,060 (2023.. £9,060) during th¢ year. 10 Stsff costs The aggTegate payroll costs were ls follows". 2024 2023 Staff costs dllriDg the year were: Wages and SaIleS 11,530 13,150 No employ¢¢ received emoluments of more than £60,000 during the year 11 Taxation Th¢ chaTity is a registered charity and is therefore exempt from taxation. Page 13
The Burning Bush Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) 12 Tangible red assets Computer equipJn¢nt Totsl Cost At I September 2023 Additions 362 158) 362 (158) At 31 August 2024 204 204 Depreciation Transfers 51 51 At 31 August 2024 51 51 Flet book value At 3 1 August 2024 153 153 At 31 August 2023 362 362 13 Stock 2024 2023 Stocks 27,272 29236 14 D¢btor$ 2024 2023 Trade debtors 1,183 852 15 C8sh and cash equivalents 2024 2023 Casb at batjk 60,769 48,076 16 Creditors: amounts f¥lliDg due witlEiD OD¢ year Page 14
The Burning Bush Notes to the Financial Statements for the Year Ended 31 August 2024 (eontinued) 2024 2023 Trade creditors Other ¢reditors Accruals 4,195 2,668 600 2.414 2,259 600 7,463 5,273 17 Creditors: amouDts falling due after One year 2024 2023 Other loans 2,850 2.850 18 Fullds Balance #t I September 2023 Ineoming resourees Resources expended BalaD¢e at 31 August 2024 Ullrestriet¢d funds General 70245 62,360 (53,541) 79,064 Balance at I September 2022 Re50urees expellded Balance at 31 August 2023 resources Unrestricted funds General 63,987 59,512 {53,254 70,245 19 Analysis of Det assets between funds UDrestricted fullds General Total funds at 31 August 2024 Tangible fixed ass¢ts Current assets Current liabilities Creditors over l year 153 89,224 (7,463) (2.850) 153 89,224 (7,463) (2,850 79,064 Total llet wets 79,064 Page 15
The Burning Buslj Notes to the Finaneial State]neDts for the Year Ended 31 August 2024 {continu¢d) Unrestrl¢tsd funds General Totsl funds at 31 August 2023 Tangible fixed assets Curr¢nt assets Current liabilities Cr¢ditors over l year 295 78,164 (5.273) (2,850) 295 78,164 (5,273) (2.850 70,336 Total net assets 70,336 20 Analysis of net funds Atl September 2023 At 31 August 2024 Cash at bank and in l)and 48.076 48,076 Net debt 48,076 Atl September 2022 48.076 At 31 August 2023 Cash at baDk and iti hand 38,876 38.876 Net debt 38,876 38,876 21 Related party transaction$ Th¢re were no related party transactions in the year. Page 16
The Burning Bush Statement of Finaneial Aetivities by fund for the Year Ended 31 August 2024 Total Total Unrestricted Unrestricted Funds Funds 2024 2023 ID¢ome and EndowThents fTOID: Donations and legacies Other trading activities 18,936 43,424 10.628 48,884 Tthal in¢ou 62,360 59,512 Exp¢nditsre on: Raising fimds Charitsble activities Other expenditure (52,626) (864) (51) {51,774) (912) 1508 Total expenditure (53,541) (53,254) Net income 8,819 6258 Net movejnent in fimds 8,819 6,258 Recolleliiation of funds Totsl fimd5 brought forward 70.245 63.987 Totsl fi]nds carried fonvard 79.064 70.245 This page th)es not fonn part of the statutory firLancial Statements. Page 17
The Burning Bush Detailed Statement of Financial Activities for the Year Ended 31 August 2024 Total 2024 Total 2023 Income and Endowments from: Donations and leg1¢5 (analysed below} Other trading activities {analysed below) 18,936 43,424 10,628 48,884 Totsl income 62,360 59,512 Expenditsre on". Raising fi]nds (analy5ed below) Charitable activities (analysed below) Other expelld1tte {analysed below) Total expendittwe Net inC0e (52.626) (8fA) (51) (51.774) (912) (568} (53,541) (53,254) 8,819 6.258 Net movem¢nt in fvnds 8,819 6,258 Reeonclliatioll of fullds Total fidS brought forward 70,245 63,987 Total funds carried forward 79,064 70245 This page does not forni part of the statutory fJnan¢ial Stat¢ettts. Page 18
The Burning Bush Detailed Statement of Financial Activities for the Year Ended 31 August 2024 (Continued) Totsl 2024 Totsl 2023 Ijonqtions andlegtse¥es Appeals and donations Gift Aid tax reclaimed 14.211 4,725 8,584 18.936 10,628 O¢her trading drtlvilies Sales of purdws¢d goods 43,424 48,884 43,424 48,884 Ratsingfunds Opening stock Purchases Closing stock Wages aud saI]eS Rent Water rates Ligbi h¢at and power Insurance Repairs and ma5llten8nc¢ Telephone and fax Printing, posfage and ststionery Charitabl¢ donations Sundry expens¢$ Motor expenses Advettising Bank Charges Credit card charges (29,236) (23.565) 27,272 (11,530) (3.575) (179) (1,288) (470) (815) {416) {415) (6,356) (66) (1,195) {103) (150) (539) (52.626) (25.864) 128.897) 29,236 {l3.150) (3,900) (167) (1,300) (500} (70) (374) (303) (3,856) (375) (1,447} {44) (150) (613) (51,774) Chqrilable llcllvllles A¢¢ountancy fees Pa)ToII Fees (690) (174) (864} (672) (240) (912) her awendlthre D¢preciation of office equipment (Profityloss oll sal¢ of tangible fixed &ssets held for CharlS own use {51) (68) {500) {51) {568) This page does not forni part of th¢ StatOry financial statements. Page 19