Registered Company No: NI 054874 Charity No: NIC 101349 Bush Fire Ministries Limited (2 company limited by guarantee) Unaudited fmancial statements and trustees, report for the year ended 30 April 2023 Bush Fire Ministries Limited Unaudited financial statements and trustees, report for the year ended 30 April 2023 Contents Pages Reference and athninistrative details Director's and trustees, report Independent Examiner's Report Statement of financial activities Balance sheet Notes to the flliancial statements 8-10 Bush Fire Ministries Limited Reference and administrative details Name Bush Fire Ministries Limited Charity Registration Number 101349 Charity Commission Northern Ereland Company Registration Number N1054874 Director Mr J Arnistrong Secretsry Mrs M Arn]strong Trustees Mr J Annstrong Mrs M Arnistrong Registered & prineipal orrice 42 Tully Road Dunnyvadden Ballymena Co Antrim BT42 4RR Bankers Danske Bank Limited 1- 2 Broadway Ballymena Co Antrim B T43 6EA Chartered accountants TK Magee & Co 79 Main Street Claudy Co Londonderry BT47 4BH Tax Charity Number 101349 Bush Fire Ministries Limited Director and Trustees, annual report The director and trustees are pleased to present their annual dÈrectors' report together with the financial statements of the charity for the year ended 30 April ?0?3 which are also prepared to meet the requirements for a director's report and accounts for Companies Act purposes. The fmancial statements comply with the Charities Act (Northern Ireland) 2008, the Companies Act ?006, the Memorandum and Articles of Association, and Accounting and Reportino by Chaiities: 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 (FRSI 02) (effective l January 2019). Objectives and aetivities The principal objective and activity of the charity is to collect donations and forward these to the pastor in Zambia to provide a village setting to house orphans and provide them with spiritsjal, physical, mental, educational, dental and medical care. Achievements and perforn)ance The charity continued to achieve its objectives as stated above. through better living conditions and better health care etc for the 0￿han$. Through the continued efforts of fundraisino the charity was able to forward amounts of £60,220 (2022: £14,060) to Zambia durin. the year. Flnancial review The results for the year aTe set out in the statement of financial activities OT] page 5. The reserves that have accumulated since the charity was incory)orated are unrestricted reserve5 and are available for immediate use to asstst in achieving the charities objectives and total £21,464 at 30 April 2023 (20?2.' £36,374). It is the intention of the trustees to continue to provide financial assistance to Zambia on an ongoing basis as funds become available and are required. This policy is reviewed annually by the trustees. Structur4 governanee and management The company is limited by ouarantee. It is guaranteed by a Memorandum and Articles of Association and the liability of each member is limited to an amount not exceedino £1. The company is accepted as a charity for tax purposes. The trustees meet on a regular basis to review issues arisinty and to deleoate tasks to the members. There is no provision in the Memorandum and Articles of Association requiring the twstees to be re-elected annually and the trustees may elect new rnembers as required. Reference and administrative details These are set out on page l. Bush Fire Ministries Limited Statement of director and trustee's responsibilities in respect of the annual report and financial statements The director and ttvstees are responsible for preparino the annua] report and the fmancial statements in accordance with applicable laws and retyulations. Company law requires the directorto prepare financial statements for each fmancial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom A￿Ountin(￿ Standards and applicable law). Under company law the director must not approve the fmancial statements unless he is satisfied that they oive a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these fmancial statements. the director is required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent" state whether applicable UK accounting standards have been followed, subject to any material depar￿reS disclosed and explained in the financial statements. and prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping adequate accountino records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financia] position of the company and to enable him to ensure that the fmancial statements comply with the Companies Act 2006. He is also responsible for safe.OLwding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Irustees are responsible for the maintenance and integrity of the corporate and fmancial infonnation included on the charitable company's website. Legislation in the United Kingdom Crovernintr the preparation and dissemination of fmancial statements may differ from legislation in other jurisdictions. Small companies, exemption This report has been prepared in accordance with the special provisions relatino to small companies within Part 15 of the Companies Act 2006. By order of the Board J Annstrong Director 30 January 2024 Bush Fire Ministries Limited Independent examiner's report to the charity trustees of Bush Fire Ministries Limited on the Unaudited Financial Inforn)ation of Bush Fire Ministries Limited (the "Company") In accordance with the enoLoement letter dated 21 September 2023, we report on the accounts of Bush Fire Ministries Limited for the year ended 30 April 2023, which have been compile¢ without carrying out an audiL from the accountino records and infomlation and explanations you have given to us. Respective responsibilities of charity trustees and eraminer As the charity's tystees you are responsible for the preparation of the accounts in accordance with the Companies Act 2006. Having satisfied ourselves that the charity is not subject to audit under company law. and is elitri￿le for independent examination, it is our responsibility to: Examine the accounts under section 65 of the Charities Act Follow the procedures latd down in the general Directions oiven by the Charity Commission for Northern trel8nd under section 65(9)(b) of the Ch￿itIeS Act Stste whether particul￿ matters have come to our attention. Basis of independent examiner's report We have examined your charity accounts as T4uired under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions Criven by the Charity Commission foi Northern Ireland under section 65(9)Ib) of the Ch￿ItIeS Act. Our 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 &s charity trustees concerning any such matters. Our role 15 to state whether any material matters have come to our attention givino us cause to believe: l. That accounting records were not kept in accordance with section 386 of the Companies Act ?006. 2. That the accounts do not accord with those accounting records" 3. That the ￿CoUntS do Dot comply with the accounting requirements of section 396 of the Companies Act 2006 and with the meth(Kls and principles of the Charities Statement of Recommended Practice applicable to chartties preparing th¢ir accounts in accordance with the FinancÈal Reporting Standard applicable in the UK and Republic of Ireland. 4. That there is fiffther infonnation needed for a proper understanding of the accounts to be reached. Bush Fire Ministries Limited Independent examiner's report to the charity trustees of Busb Fire Ministries Limited on the Unaudited Financial InformatlOD of Bush Fire Ministries Llmited (the "Company") (cont'd) Independent examiner's statement We have completed our examination and have no wncerns in respect of the matters (l) to (4) listed above 8n¢ in connection with following the Directions of the Charity Commission for Northem Irelan(L we have found no matters that require drawing to your attention. TK Magee & Co Chartered Accountants 79 Main Street Claudy Co Londonde BT47 4BH 30 January 2024 Busb Fire Ministries Limited Statement of financial actlvities (including income and expenditure account) for the year ended 30 AprRI 2023 Unrestricted Funds Total Funds 2023 Total Funds 2022 Notes Income Donations 16,906 42,180 59,086 16,906 42,180 59,086 25,326 35,015 60,341 Shop takings Total income Expenditure Costs ofraisingfvnds.. Bank fees 275 275 239 Accountancy fees VA T incurred 1,200 240 1200 240 1,200 240 Advertising Rent and rates 40 40 10,450 1,034 537 10,450 1,034 537 10.200 858 Heat and liJiy t Insurance 478 Expendilure on charitable activities." Donations towards Orphanacle expenses in Z8mbia Total expenditure Net expenditurelincome and net movement in funds for the ear 60220 60,220 14,060 73,996 73,996 27,275 14,910 33.066 Reconciliation of funds Unrestricted Funds Tolal Fund5 2023 Total Funds 20?2 Total funds brouJcr t forward 36,374 36,374 3.308 Net expenditsjrelincome for the year Total funds carried forward (14,910) 21,464 (14,910) 21,464 33,066 36,374 The statement of fmancial activities includes all gains and losses reco.onised in the year. All incorne and expenditure relates to unrestricted funds. All income and expenditure derive5 from continuino activities. Bush Fire Ministries Limited Balance Sheet as at 30 April 2023 UDre5tricted Total Funds Funds 2023 Total Funds 2022 Notes Current assets Debtors.. amounts fallino due within one year Cash at bank and in hand 23,804 23,804 23,804 23,804 38,754 38,754 Total current assets Liabilities Creditors fallino due within one year Net Current Assets (2 J40) 21,464 21,464 (2J40) 21,464 21,464 (? 380) 36,374 36,374 Net Assets The funds of the charity: Unrestricted income funds 21,464 21,464 21,464 21,464 36,374 36,374 Total charity funds These accounts have been prepared in accordance with the provisions applicable tr> small companies subject to the small companies re￿<7 e and in accordance with FRS102 SORP. For the fjnanctal year ended 30 April 20?3, the company was ¢ntitled to exemption from audit under Section 477 of the Companies Act 2006 Telatin(y to small companies and the members have not required the company to obtain an audit of its fmancial staternents for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledoes his responsibilities for complying with the Tequirements of the Companies Act 2006 with respect to accountints records and the preparation of f]nancial statements. The company is a charity (registered number 101349). The accounts on pLoes 6 to 10 were approved by the director on 30 January 2024 and si.¢med by hirn. J Arnistrong Director Registered number". N1054874 Bush Fire Ministries Limited Notes to the fin2neial statements for the year ended 30 April 2023 Accounting policies The principal accounting policies adopted, judoements and key sources of estimation uncertainty in the preparation of the fmancial statements are set out below. B&sis of preparation The fmancial statements have been prepared in accordance with Accountino and Reporting by Charities: Statement of Recommended Practice applicable to charities preparino their accounts in accordance with the Financial ReportinCF Standard applicable in the UK and Republic of Ireland (FRS 10?) (effective l January 2019)- (Charitie5 SORP (FRS I O?)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Bush Fire Ministries Limited meets the defmition of a public benefit entity under FRS 102. Assets and liabilities are initially recooJised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. b) Preparation of the accounts on a Crointr concern basis The company has very few liabilities and accordin¥LYly, the assessment of the trustees is that the 'charity' is a going concern. Income recognition policies Items of income are Tr¢o(Fnised and included in the accounts when all of the followin(T criteria are met:_ the ch￿lty has entitlement to the funds. there is sufficient certainty that receipt of the income is considered probable. and the amount can be measured reliably. d) Fund accountino Unrestricted funds are those funds which are expendable at the discretion of the charity in ￿rtherance of the purposes of the charity. In addition to expenditure on activities such funds may be held in order to fmance working capital. Expenditure and irrecoverable VAT Expenditure is TecoJo ised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measuTed reliably. Expenditure is classified under the following activity headings: costs of raising funds; expenditure on charitable activates includes th¢ cost of monies transf¢￿ed to Zambia. other expenditure represents those items not fallino into any other headino I￿eCOVerable VAT is chartred as a c05t against the activity for which the expenditure wa5 incurred. Cash at bank and in hand Cash at bank and in hand includes monies held in bank accounts. Creditors Creditors are recognised where the charity has a present oblioation resulting from a past event that will piobably iesult in the transfer of funds to a third paty and the amount due to settle the oblicFatRon can be measured or estimated reliably. Creditors are nornially reCO￿lSed at their settlement amount after allowino for any trade discounts due. Bush Fire Ministries Limited Notes to the financial statements for the year ended 30 April 2023 Accounting policies cont'd h) Financial instruments The charity only has f￿anCIal assets and financial liabilities of a kind that qualify as basic fmancial instruments. Basic fmancial instruments are initially recoonised at transaction value and subsequently measured at their settlement value. Legal status of the Charity The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. Taxation Bush Fire Ministries Limited is recFiStered as a charity for tax PUTposes" the registered number is 101349 with the Charity Commission for Northern Ireland. The cornpany is not registered for VAT. Income from donations 2023 2022 Donations including shop takings 59,086 60,341 Net expenditure 2023 20?2 Net expenditure is stated after charging: Fees payable to independent examiner for:. independent examination accountancy V AT on the above 400 400 800 800 240 240 Debtors 2023 2022 Other debtors- Crift aid claim 10 Bush Fire Ministries Limited Notes to the financial statements for the year ended 30 April 2023 Creditors: amounts falling due within one year 2023 2022 Acctuals and deferred income 2,340 2.380 Analysis of charitable funds Unrestrict¢d funds Funds balance brought fonvard at l May 2022 DefEcit for year Fund b212nees earried forward at 30 April 2023 36,374 (14,910) 21,464 Trustee remuneration & related party transactions Total donations received from related parties durino the year amounted to £1.540 (2022.. £1,200). None of the trustees received any remuneration during the year. No tnistee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2022: Nil). The charity does not hold indemnity insurance on behalf of the director (?022: none). 10 Taxation As a charity, Bush Fire Ministries Lirnited is exempt from tax on income and gains fallino WAthin section 505 of the Taxes Act 1988 or section 256 of the T&xation of Char.