Charity registration number: 101297 The Burning Bush Annual Report and Financial Staternents for the ye Ended 31 August 2024
The Burning Bush Contents (continued) Reference and Administrative Details Tr¢s, Report 2to3 Statement of Trnstees, Responsibilities Independent ExamineP5 Report Statement of Financial Activities 6t07 Balance Sheet Notes to the Financial Ststements 9t0 16
The Burning Bush Reference and Administrative Details Trustees Mrs Ruth Neill Mr Billie Neill Mr Matthew Neill Stuart Ne Charity Registration Number 101297 Principal Offite 62 Scotch Street DungaDDon Co TITone BT70 7DH Independent Examiner Thomas Oliver and Associates Limited Certified PubIic AccouThLt l Moygashel Mills Park Dungannon Co Tyrone BT717DH Page I
The Burning Bush Trnstees, Report The trustees present the annual report togetber with the financial statements of the charity for the year ended 31 August 2024. Objectives and aetivities Publlc benefit The trustees main responsibilities are to increase knowledge of God's word through the Bible and other resources, mainly in DungaDnon and South Tyrone area, to offer Comfort and support to families and persons in need thTough sickness, death and other issues, and to help support missions in Ireland and overseas. The ¢baTity raises funds thTougb the sale of books and other religious resources in their bookshop & holding events such &s concerts & breakfast tnornings. This enables them to increase religious knowledge within the Dungannon alld South T)Tone Area , to offer comfort to persons in ill health or nearing death, or people with family problems. This also enables them to incTease capacity amongst missionaries to see th¢ c11stIan faith improved, advanced and spread tbrough the income deTiv¢d from the sale of th¢se resources being re-distributed to the religious organisations. The trustees confirnl that they have complied with the requirements of the Charities Act (Northern Ireland) 2008 to have due regard to the public benefit guidance published by the Charity Commission for Northern Ireland. Achievements and performance A challenging year with ongoing flliancial issue5 facing so many. Trade would have been do1 particularly fron] January, however people still calling into shop seeking help and advice with so many issues and struggles. People of different1onguage5 call in for help from fonn filling to Spirits1. As in previous years tbe shop h&s tried to help local missions and tract producers etc Structurey governance and management Financial instruments Objeclives andpolicies The charity's activities expose it to a number of fmancial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of tsvste¢5, which provide IItten principles on the use of financial derivatives to nlanage these risks. The charity does not use derivative financial iDStruments for speculative purposes. Coshflow risk The charity's activities expose it Primarily to the fll]ancial risks of changes in foreign CuencY exchange rates and interest rntes. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures. Interest bearing assets and liabilities are held at red rate to ensure certainty of cash flows. Page 2
The Burning Bush Trustees, Report (continued) Credit rLsk Th¢ charity's principal financial assets ar¢ bank balanc¢s and cash, trad¢ and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowallce for impairnient is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The cr¢dit risk on liquid funds and derivativ¢ fJJMncial instruments is limited because the countsrparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risK with exposure spread over a large number of counteTparties and customers. Liquldlty riyk order to maintain liquidity to ensure that sutTicient funds are available for ongoing operations and fijttwe developments, the charity uses a Mlxtte of long-terni and short-terni debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statsments. The annual report was approved by the trwstees of the charity on 27 May 2025 and signed on its behalf by: Mrs Ruth Neill Trustee Mr Billie Neill Trustee Page 3
The Burning Bush Statement of Trustees, Responsibilities The trustees responsible for preparing the trustees, report and the fllwicial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the tnte¢S to prepare financial statem¢nts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming Tesources and application of resources of the charity for that period. In preparing these financial statements, the tsStees are r¢quired to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimate5 that are re&sonable and prudent" stste whether applicable accounting standatds have been followed, subject to any material departLeS disclosed and explained in tbe financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the fmancial position of the charity and enable them to ensuTe that the fjnancial Statements comply with the Charities Act (Northern Ireland) 2008, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constithtion. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other itregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial inforniation included on the charitable company's website. Legislation governing the preparation and dissen]ination of financial statements ay differ from legislation in other jurisdictions. Approved by the trustees of the tharity on 27 May 2025 and signed on its behalf by: Mrs Ruth Neill Tntee TriiuJL Mr Billie Neill Trustee Page 4
The Burning Bush Independent Examiner's Report to the trustees of The Burning Bush I report to the trustees on my examination of the accounts of Th¢ Burning Bush for the year ended 31 August 2024. Responsibilities and basis of report As the charity's trustees of The Burning Bush you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. It is my responsibility to - examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act - state whetheT particular ntterS have come to my att¢ntion Basis of independent examiner's report I have examined your charity accounts &s required under section 65 of the Charities Act and rny examination was caTTied out in accordance with the general directions given by the Charities Commission for Northern Ireland under section 65 (9)0)) of the Charities Act. My examination included the review of tbe accounting records kept by the charity and a comparison of the accounts presented wkth those record5. 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 attentions giving me cause to believe... l That accounting records were not kept in accordance with section 63 of the Charities Act 2 That the accounts do not accord with those accounting records 3 That the accounts do not comply with the accounting requirements of the Charities Act 4 That th¢r¢ is further infornmtion ne¢d¢d for a proper understanding 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) li5t¢d above an¢ in connection with the following Directions of the Charity Commission for Nortbern Ireland, I have found no matters that require drawing to your attention. Th iver afid As Certified Public Accountant l Moyg&shel Mills Park Dungannon Co Tyrone BT717DH 27 May 2025 Page 5
The Burning Bush Statement of Financial Activities for the Year Ended 31 August 2024 Unrestrieted funds Total 2024 Note Income and Endowments from: Donations and legacies Other trading activities Total income 18,936 43.424 18,936 43,424 62.360 62.360 Expenditure on: Raising funds Charitable activities Other expenditure Total expendire (52,626) (864) (51) (52,626) (864) (51) (53,541) (53,541) Net income 8.819 8,819 Net movement in funds 8,819 8.819 Reconciliation of funds Total fimds brougbt fonvard Total fimds carried forward 70,245 70,245 18 79,064 Unrestricted fullds 79,064 Total 2023 Note Income and Endowments from: Donations and legacies Other trading activities 10,628 48.884 10,628 48,884 Total income 59,512 59,512 Expenditure on: Raising fimds Charitable activities Other expenditure (51,774) (912) (568) (51,774) (912) (568) Total expenditure Net income (53,254) (53,254) 6,258 6,258 Net movement in funds 6,258 6,258 Reconciliation of funds Total fimds brougbt forward 63,987 63,987 Total fidS carried forniard 18 70,245 70.245 The notes on pages 9 to 16 forn] an integral part of these fjnancial ststements. Page 6
The Burning Bush Statement of Financial Activities for the Year Ended 31 August 2024 (continued) All of the chaTity's activities derive from continuing operations during the above two periods. The fimds breakdown for 2023 is shown in note 18. The notes on pages 9 to 16 forn] an integral part of these financial statements. Page 7
The Burning Bush (Registration number: 101297) Balance Sheet as at 31 August 2024 2024 2023 Note Fixed assets Tangible assets 12 153 204 Current assets Stocks Debtors Cash at bat& and in hand 13 14 15 27,272 1,183 60,769 29,236 852 48.076 89,224 78,164 Creditors: Amounts falling due within one year 16 (7,463) (5,273) Net eurrent assets 81,761 72,891 Total assets less eurrent liabilities 81.914 73,095 Creditors: Amounts fallillg due after more tban one year 17 (2,850) 79,064 (2,850) Net assets 70,245 Funds of the charity: Unrestricted income funds Unrestricted fimds 79,064 70,245 Total funds 18 79,064 70,245 The financial statements on pages 6 to 16 were approved by the trustees, and autborised for issue on 27 May 2025 and signed on their behalf by: Mrs Ruth Neill Trustee Mr Billie Neill Trustee The Dotes on pages 9 to 16 fonn an integral part of these financial statements. Page 8
The Burning Bush Notes to the Financial Statements for the Year Ended 31 August 2024 l Aceounting policies Statement of eompliance The fmancial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practtce issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation The Burning Bush Meets the definition of a public benefit entity under FRS 102. The accounts (financial stafrments) have been Prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. Going concern The trustees consider tbat there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowments Voluntary income including doDations, gifts, legacie5 and grants that provide core fimding or are of a general nature is reCOlSed when the charity h&s entitlement to th¢ incoLne, it is probable that the income will be received alld the amount can be measured with sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expendIte, it is probable settlement is required and th¢ amount can be m¢asured reliably. All costs are allocated to the applicable expenditur¢ heading that aggregate similar costs to that catsgory. Where costs cannot be directly attributed to partIlar headings tbey have been allocated on a b&sis consistent witb the use of resource5, with central staff costs allocated on the basis of tirne spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raisingfunds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Governance costs Thes¢ include th¢ wsts attributable to the charity's compliance with cOnStitiOnal and statutory Tequirements, including audit, strategic management and trustees meetings and reiEnbursed expenses. Page 9
The Burning Bush Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) Taxation The charity is considered to pass the tests set out in Paragrdph I Sch¢dul¢ 6 of the Finance Act 2010 and therefore it meets the defmition of a charitable company for UK corporation tax purpos¢s. Accordingly, the charity is pot¢ntially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I I of the cooration Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to th¢ extent that such income or gains are applied exclusively to charitabl¢ purposes. Tangible fixed assets Individual fixed assets costing £0.00 or more are initially recorded at cos( less any subsequent accumulated depreciation and subsequent accumulated in]painnent losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to MTite off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Stock Stock is valued at the lower of cost and estimated selling price Eess ¢0sts to Complete and Sell. after due regard for obsolete and slow moving stocks. Cost Ès determined using the first-in, first-out (FIFO). Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary course of bwin¢ss. Trade debtors are recognised initially at the transartion piic¢. They are subsequently measured at amortised cost using the effective inteiest method, less provision for impainn¢nt. A provision for the impainnent of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original ternis of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other 5hort-tern] higbly liquid investtnents tbat are readily convertible to a known amowit of cash and are subject to an iDsigDificant risk of change in value. 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 cl&ssified as current liabilities if the does not have an unconditional right, at tbe 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 rigbt to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabÈlities. . are recognised initially at the transaction pri¢¢ and subsequently me&5ured at amortis¢d cost using the effective interest tnethod. Page 10
The Burning Bush Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) Fund structure UnrestTiCted income fimds are general fimds that are available for use at the trStee5 discretion in fitheran¢e of the objectives of the chaTity. 2 Income from donations and legacies Unrestricted funds General Total funds Donations and legacies. Donations from individuals Gift aid reclaimed 14,211 4,725 14,211 4,725 Total for 2024 18,936 18,936 Total for 2023 10,628 10,628 3 Income from otber trading aetivities Unrestricted funds General Total funds Trdding income. Shop income from sale of donated goods aThd services 43,424 43,424 Total for 2024 43,424 43,424 Total for 2023 48,884 48,884 4 Expenditure on raising funds a) Costs of trading activities Pagell
The Burning Bush Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) Unrestricted funds General Total funds Note Costs of goods sold Other direct costs of activities for generating funds 25,529 15.567 25,529 15,567 Total for 2024 41,096 41.096 Total for 2023 38.624 38,624 Total eosts 5 Expenditure on charitable activities Unrestricted funds General Totsl funds Note Governance costs 864 864 Total for 2023 912 912 Total expenditure 6 Other expenditure Unre5trieted funds General Total funds Note Depreciation, amortisation and other similar costs 51 51 Total for 2024 51 51 Total for 2023 568 568 Page 12
The Burning Bush Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) 7 Analysis of governance and support Costs Governance costs Unrestricted funds General Total funds Audit fees Otber fees paid to auditOTS 864 864 Total for 2024 864 864 Total for 2023 912 912 8 Net incomiDg/outgoing resources Net incoming resources for the year include: 2024 2023 Loss on disposal of fixed assets held for the charity's own Depreciation of red assets 500 68 51 9 Trustees remuneration and expenses During the y¢ar the charity made the following transactions with trustees: Mr Billie Neill Mr Billie Neill received remuneration of £9,060 (2023: £9,060) during the year. 10 Staff costs The aggregate payroll costs were as folEows: 2024 2023 Staff costs during the year were: Wages and salaries 11.530 13,150 No employee rec¢ived emoluments of more than £60,000 during the year I l Taxation The Charity is a registered charity and is therefore exempt from toxation. Page 13
The Burning Bush Notes to the Financial Statements for the Year Knded 31 August 2024 (continued) 12 Tangible red a55ets Computer equipment Total 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 Net book value At 31 August 2024 153 153 At 31 August 2023 362 362 13 Stock 2024 2023 Stocks 27,272 29,236 14 Debtors 2024 2023 Trade debtors 1,183 852 15 Cash and cash equivalents 2024 2023 Cash at bank 60,769 48,076 16 Creditors: amounts falling due within One year Page 14
The Burning Bush Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) 2024 2023 Trade creditors Other creditors Accruals 4,195 2,668 600 2,414 2.259 600 7,463 5,273 17 Creditors: amounts falling due after one year 2024 2023 Other loans 2.850 2,850 18 Fund$ Balance at I September 2023 Incoming resources Resources expended Balance at 31 August 2024 Unrestricted funds General 70,245 62.360 53,541 79,064 Balance at I September 2022 Incoming resourees Resources expended Balance at 31 August 2023 Unrestricted funds Gen¢raL 63,987 59,512 (53,254) 70,245 19 Analysis of net assets between fund5 Unrestricted funds General Totsl funds at 31 August 2024 Tangible fixed assets Current assets Current liabilities Creditors over l year 153 89,224 (7,463) (2,850 153 89,224 (7.463) (2,850) Total net assets 79,064 79,064 Page 15
The Burning Bush Notes to the Financial Statements for the Year Ended 31 August 2024 (continued) Unrestricted funds General Total funds at 31 August 2023 Tangible fixed assets CuTTent assets Current liabilities Creditors over l year 295 78,164 (5,273) (2,850) 70,336 295 78,164 (5,273) (2,850 70,336 Total net assets 20 Analysis of net funds Atl September 2023 At 31 August 2024 Cash at bank and in hand 48,076 48.076 Net debt 48,076 Atl September 2022 48,076 At 31 August 2023 Cash at bank and in hand 38,876 38,876 Net debt 38,876 38,876 21 Related party transactions There were no related paty transactions in the year. Page 16
The Burning Bush Statement of Financial Activities by fund for the Year Ended 31 August 2024 Total Total UDrestrieted Unrestricted Funds Funds 2024 2023 Income and Endowments from: Donations and legacies Other trading activities 18,936 43,424 10,628 48,884 Total income 62,360 59,512 Expenditure on: Raising funds Charitable activities Other expenditur¢ (52,626) (864) (51) (51,774) (912) (568) Total eXpendIte (53,541) (53,254) Net income 8,819 6.258 Net movement in fimds 8,819 6258 Reconcillatfion of funds Total fimds brougbt forward 70.245 63.987 Total funds carried forward 79,064 70,245 This page doe5 not form part of the stamtory finarAcial statements. Page 17
The Burning Bush Detailed Statement of Fillancial Activities for the Year Ended 31 August 2024 Total 2024 Total 2023 Income and Endowments from: Donations and legacies (analysed below) Other trading activities (analysed below) Total income 18,936 43,424 10,628 48,884 62,360 59,512 Expenditure on: Raising funds (analysed below) Charitable activities (analysed below) Other expenditure (analysed below) (52,626) (864) (51) (51,774) (912) (568) Total expenditure (53,541) (53,254) Net incon]e 8,819 6.258 Net movement in funds 8,819 6,258 Reconciliation of funds Total fidS brought forwaTd Total funds caffied forward 70.245 63,987 79,064 70,245 This page does not fonn part of the ststutory fmancial staternents. Page 18
The Burning Bush Detailed Statement of Financial Activities for the Year Ended 31 August 2024 (continued) Total 2024 Total 2023 Donallons dnd legacies Appeals and donations Gift Aid tsx reclaimed 14,211 4,725 8,584 18,936 10,628 Other trading acllviti Sales of purchased goods 43,424 48,884 43,424 48,884 Raisingfunds Opening stock Purchases Closing stock Wages and salaries Rent Water rates LighL heat and power Insurance Repairs and maintenance Telephone and fax Printing, postage and station¢ry ChaTitable donations Sundry expenses Motor expenses Advertising 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) (28.897) 29,236 (13.150) (3,900) (167) (1,300) (500) (70) (374) (303) (3,856) (375) (1,447) (44) (150) (613) (51,774 Charitable activities Accountancy fees Payroll Fees (690) (174) (864) (672) (240) (912) Other &rpendlluré Depreciation of office equKpment (Profit)Aoss on sale of tangible fixed assets held for charitys own use (51) (68) (500) {568) (51) This page does not forni part of th¢ statutory financial statements. Page 19