**Charity registration number NIC101371 (Northern Ireland)** ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr T Clarke - Chairman Mr C McWilliams - Treasurer Ms L Stewart - Secretary Ms T Baker Mr N Campbell Mr E Currie Mr R Donnan Ms R Manning Mr W Mateer **Charity number (Northern Ireland)** NIC101371 **Principal address** 63 Clifton Road Bangor Co Down BT20 5HY **Independent examiner** GMcG BELFAST Alfred House 19 Alfred Street Belfast BT2 8EQ **Bankers** Danske Bank Bloomfield Shopping Centre South Circular Road Bangor Co. Down BT19 7HB **Solicitors** Hewitt & Gilpin Solicitors Thomas House 14-16 James Street South Belfast BT2 7GA ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 4| |Independent examiner's report|5 - 6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the financial statements|9 - 14| ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **TRUSTEES' REPORT** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** The trustees present their annual report and financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "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 1 January 2019). ## **Objectives and activities** ## **Purpose** The purpose of Bangor Worldwide Missionary Convention ("the Convention") is the advancement of religion. ## **Aims and objectives** To promote and further the Christian Faith and its practice and Global mission among men and women and young people, both at home and abroad in accordance with the teachings of the Bible, which is the word of God. ## **Vision and values** - For a growing number of people to go out from these shores to share the Gospel around the world. - For a growing base of supporters at home who financially and prayerfully get behind the work. - The Convention is open to all. ## **Public benefit** The trustees have considered the guidance on public benefit of the Charity Commission for NI and have ensured that our aims, objectives and activities have helped to achieve the charity’s purposes and provide a benefit to the beneficiaries. A. The direct benefits which flow from the Convention’s purpose include:- - Some of those who attend the Convention have subsequently participated in Christian Missionary work and secular development work around the world. - Most who attend the Convention contribute gifts which are used to support Christian Missionary work around the world. - Those who attend the Convention get information which helps them to actively support Christian Missionary work around the world. ## B. These benefits are demonstrated through:- - The personal reports from individuals who have become Christian Missionaries as a result of attending the Convention. - The Convention’s annual financial reports which show the extent of giving for the support of Christian Missionary work. - Reports from Christian Missions which are represented at the Convention regarding the enrolment of supporters as a result of their attendance at the Convention. - C. The purpose of our charity causes no harm to any individuals. D. The charity’s beneficiaries are the general public throughout the world. E. There is no private benefit flowing from the Convention’s purpose. ## **Strategic priorities for the year** 1. Promotion of Bangor Worldwide in Belfast, Dollingstown, Drumreagh, Magherafelt, Portstewart, Drogheda and Swords. 2. Enhance our connections with young people and young adults. 3. Make progress on the upgrade of our computer based financial process. - 1 - ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **TRUSTEES' REPORT (CONTINUED)** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Achievements and performance** The 88th Bangor Worldwide Missionary Convention took place between Friday 16th August to Sunday 25th August 2024 in Hamilton Road Presbyterian Church. Our theme was Reaching People Changing Lives. We started again with a reception for missionaries, members of the Monday morning prayer meeting, friends of worldwide, some of our speakers and committee members. Most joined us for the opening prayer meeting where Paul Cooke, France Mission, brought a “Word of Encouragement”. The 20’s & 30’s Equip event on Friday night and Saturday was well attended. On Friday night Suzi Bartlett, ECM and Bob Fu spoke and on Saturday Taysir Abu Saada, Tass, joined them. It was encouraging to see this so well attended, due to providing a creche on Saturday morning. These were held in Hamilton Road Baptist, City Church/ First Bangor. Our opening event – “A Taste of India” featured an Indian meal in a local restaurant with 110 people attending. Lorraine led a short interview session with Isaac & Gloria Shaw from Delhi Bible Institute and Dr Beryl D’Souza-Vali from the Good Shepherd Healthcare Initiative who spoke later at the opening meeting. A couple of Pete Hansen’s video clips were used and Colin Smith was interviewed about the morning Bible studies. On Sunday night we continued the Partnership service in Hamilton Road Presbyterian Church. It was well attended, led by Colin Dickson who gave an overview of the Middle East and Jason Brodie interviewed Tass. Average attendance at the morning prayer meetings was about 30. It was led each morning by a committee member and one of the speakers from the night before shared a Word of Encouragement and their prayer points to help us in our prayers. Colin Smith led the morning Bible studies. He spoke from Psalm 23 and brought so much out of it. We ran a crèche and CEF led the children's Holiday Club again which also ran during the morning Bible studies. It was great to have the Faith Mission Gospel truck, with us again this year. It was parked at the Marina from Monday – Friday and members of the public could visit for a cup of coffee, view the literature and chat to the team. Andrew Maybin, the team leader was very encouraged by the interest with hundreds of books and bibles given away throughout the week, with many people receiving prayer and many people signposted to a local church. We had three seminars over the week. On Monday afternoon Pete Hanson spoke about storytelling opportunities through film making. On Friday afternoon Jim Memory spoke about the Fourth Lausanne Congress coming up in September 2024 in Seoul South Korea. The Seminar on Saturday morning was Growing the Church in difficult times. It was at Lisnabreen Presbyterian Church and featured David Meredith, John Moore, PCI and Shaun Abrahams of UFM. On Monday evening our theme was the Far East and Pete Hansen spoke first about how the Lord led him into video ministry and shared about some of his mission trips. Then Bob Fu spoke powerfully about persecuted believers in China. We had a new initiative on Tuesday evening when Tom Clarke, chairman of Worldwide, shared about the work of Worldwide over the years from its beginnings in 1937 with the aim of raising money for mission and giving a platform for speakers to share about their mission work. Fred Hand of Waakisa Ministries also spoke about their work in Uganda. Colin Smith brought a clear evening challenge on Tuesday, Wednesday and Thursday evenings. Europe was the theme on Wednesday evening with Paul Cooke from France Mission and Costel Cheptea from Moldovan Mission. Our Thursday afternoon’s Ladies' event was held again in Bangor Parish church with refreshments to start. We heard from a couple working in Brazil with Latin Link, Jamie Pritchett of the Good News Coloring Book Ministry and Dr Beryl D’Souza-Vali. Thursday evening had a focus on mission in Ireland and the UK. We heard from Andrew Maybin of the Faith Mission Gospel Truck and David Meredith of the Free Church of Scotland. Members of the New Irish Choir and orchestra led our praise on Friday night and Bob Fu brought the closing challenge. - 2 - ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024** The youth and young adults event was well supported again this year. Tass was the speaker. This year’s viewing figures rose again from last year. 3,006 of our podcasts were downloaded. Videos on Vimeo had 836 views. Videos on YouTube 5,616 views. Our Instagram reach was 5,760 accounts with 914 followers. Facebook had a reach of 38,300 with 117 new followers in August. We had 580 Twitter (X) followers. Photos have attracted lots of views too. Our thanks to Jonny Sanlon for all his work in this area. We had a different chairman each night, mainly ministers from local churches – Rev Jim Cheshire, Pastor Peter Johnston, Rev David Johnston, Rev Colin Dickson, Keith McIlwaine, and Jason Brodie from the committee also chaired an evening. Mark Johnston of Hamilton Road Presbyterian Church band, Neil Stewart and Greyabbey Presbyterian Band, Roger Irvine and Trinity Band led the praise, along with two newcomers, Noah Bartlett of Cross Cultural Ministries and Jon Bartholomew from Richill Presbyterian Church. Under Noah’s leadership on Saturday and Wednesday evenings we sang some of the songs in different languages. New Irish led our praise on the closing evening and Ruth Manning led us in praise at the morning Bible studies and her daughters at the ladies' event. We are grateful to Lorraine Moore for the creativity and inspiration of the Global Village. There was a real buzz about the Global Village each night with a coffee hub served by several of the mission agencies throughout the week, a prayer area, and Oscar had an information stand. Another new initiative was a series of podcasts on three evenings led by David Johnston and David Meredith. Several local churches had speakers on the 2 Sundays of the Convention. And we had our satellite meetings in Drumreagh, Portstewart, Newtownbreda, Dollingstown, Magherafelt, Drogheda and Swords. It’s been great to see the expansion of these satellites over the past few years. We are grateful to God for His many rich blessings during Convention week. So many people and churches have come together to create a Convention which we trust has been a blessing to all and is honouring to God. But the Convention is not an end in itself. Our prayer is that it will have an impact on the lives of the hundreds who attended or watched online. ## **Financial review** The results for the year are set out in detail on pages 7 to 14. The Convention was able to donate £279,595 (2023 - £47,275) towards charitable work carried out by other missions agencies. The Convention recorded net expenditure for the year of £90,266 (2023 - net income of £94,284). At the year end the cash at bank and in hand was £16,561 (2023 - £107,108). At 31 December 2024, the total funds of the Convention amounted to £15,702 (2023 - £105,968). This included unrestricted general funds of £11,513 (2023 - £19,749), and restricted funds of £4,189 (2023 - £86,219) that are to be used towards specific missions and missionary candidates. ## _Reserves policy_ The charity does not have a policy to build reserves as it does not have any ongoing financial commitments and it relies on donations to fund the convention each year. Any reserves held at the year end will be used towards the costs of running the convention in future years. ## _Major risks_ The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. - 3 - ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **TRUSTEES' REPORT (CONTINUED)** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Plans for future periods** In the forthcoming year to December 2025, as well as continuing the regular work of promoting global mission, Bangor Worldwide Missionary Convention plans to strategically develop in the following areas: - Enhance our connections with local clergy - Enhance our connections with young people and young adults - Expand our social media activity - Complete the work on the upgrade of our computer-based financial processes ## **Structure, governance and management** Bangor Worldwide Missionary Convention was set up in 1937. In 1994 a separate trust was set up to continue the work under a Trust Deed dated 3 June 1994. The trust has a Constitution and Rules of Procedure. The convention was registered as a charity with the Charity Commission for Northern Ireland on 20 February 2015 under charity number 101371. The trustees who served during the year and up to the date of signature of the financial statements were: Mr T Clarke - Chairman Mr C McWilliams - Treasurer Ms L Stewart - Secretary Ms T Baker Mr N Campbell Mr E Currie Mr R Donnan Ms R Manning Mr W Mateer Bangor Worldwide Missionary Convention Committee is a group of volunteers from various churches in the greater Bangor area. This reflects the interdenominational nature of the objects of the Trust. The Committee work together to organise a week long Missionary Convention each August. There are 15 people on the Committee. There were nine Trustees at the end of the year. The office bearers comprise a Chairman, Treasurer and Secretary. The committee met six times over the year (February, April, June, September, October and December) to organise the programme for the Convention. The Convention is a non-profit making organisation and all those involved work as volunteers The trustees' report was approved by the Board of Trustees. .............................. Mr T Clarke - Chairman **Trustee** .............................. Mr C McWilliams - Treasurer **Trustee** Date: ............................................. - 4 - CHARTERED ACCOUNTANTS BANGOR WORLDWIDE MISSIONARY CONVENTION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BANGOR WORLDWIDE MISSIONARY CONVENTION I report to the trustee5 on my examination of the financial statements of Ban9or Wortdwide Missionary Convention (the charity) for the year 8nd8d 31 December 2024. Re8ponslbllitie$ and basls of report As the trustees of the charity you are responslble for the preparation of the financlal statements in accordance wlth the requir8m8nt8 of th8 Charlties Act (Northern Ireland) 2008. It 18 my responsibllity to: • examine the accounts under section 65 of the Charilies Act follow th8 procedures laid down in Ihe general Directions given by lh• Commlsslon undei section 65(9){b) of the Charit18s Acl state whelhar partlcular matters have eome to my atlentlon. I have examined your charily accounts as requirod under secllon 65 ol the Charilies Act and my examlnalion was carried out in accordance wlth the general Diieclions 9lven by the Charity Commission for Northern Ifeland under Section 8S(9){b) of Ihe Charllies Act. My examination included a review of the accountlng records kept by the charity and a comparison ol the accounts presented wlth those records. It also included Consideration of any unusual i18m$ or dlsclosures In the accounts. and seeking explanatlons from you as charity trustees concerning any such mattels. My role is to stala whether any material matter3 have corne to my attention giving me cause lo believe: 1. That accounting records were nol kepl in accordance with seclion 63 01 tha Charitles Acl 2. That the accounts do not ac(x)rd with Ihose ac¢ountlng records 3. That the accounts do not comply with Ihe accounting requirements of Ihe Charl￿.83 Act 4, That there is further infomiation needed for a proper undorstandlng of the accounts to be roached. Alfred House 19 Alfred Stre BELFAsf BT2 8EQ DX3910 NR Belfast SO Century House 40 Ci*s¢ent Biisiness Park LISBURN BT28 2GN 17 mande￿Ile Street PORTADOWN (.'raigavon BT62 3PB Tel: +44 (0)28 9031 X113 F&x; +44 (0)28 9031 07n Tel: +44 (o)28 9260 7355 Fax: +44 (0)28 9260 È656 Tel.. +44 (0)28 3833 2801 '#X- +44 (0)28 38￿ 0293 ChartEfEdACU￿Thknts l Rry￿te￿a￿ilVrn. ChartrrrdThxAdvi•)TS. lorff￿1¢AfrWIa￿ I C0wnteFir￿nr•Ad GM¥¢ ITrdins￿￿￿ofCMcG¢j[OYPI￿rn￿rAl. RryNw.Nlos4¢•. LwtofD1￿t01•1￿I￿bltI¢ 8w5l¢rEdts>w￿￿t0￿)II worklyth¢lwtknt¢ofClw¢erwlknuthtsinlrdaw] AMehknO(TJA￿.Aw￿AdwsdeAIMIrt*d1￿aE￿deTh*Ae¢0u￿tIwKTml www.Bme8e4.¢om BANGOR WORLDWIDE MISSIONARY CONVENTION INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF BANGOR WORLDWIDE MISSIONARY CONVENTION Indèpèndent examlnerfs statement I have compleled my examination and have no concems in respect of Ihe matters <1) to (4) Ilsted above and. in connection wlth following th6 Dir8Ctions of the Charity Commlssion for Northem Ireland. I have found no matters that require drawing to your attention, Igel FCA for and on behalf of GMCG B•lfa$t Alfred House 19 Alfred Streot Balfasl BT2 8EQ Dated.. ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
67,000
174,119
**Total income**
67,000
174,119
**Expenditure on:**
Charitable activities
**3**
50,740
280,645
**Total expenditure**
50,740
280,645
**Net income/(expenditure)**
16,260
(106,526)
Transfers between
funds
(24,496)
24,496
**Net movement in**
**funds**
**5**
(8,236)
(82,030)
**Reconciliation of funds:**
Fund balances at 1 January
2024
19,749
86,219
**Fund balances at 31**
**December 2024**
11,513
4,189|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
241,119
57,033
128,825
241,119
57,033
128,825
331,385
44,951
46,623
331,385
44,951
46,623
(90,266)
12,082
82,202
-
-
-
(90,266)
12,082
82,202
105,968
7,667
4,017
15,702
19,749
86,219|**Total**
**2023**
**£**
185,858| |---|---|---| |||185,858
91,574| |||91,574| |||94,284
-| |||94,284
11,684| |||105,968| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 7 - ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **BALANCE SHEET** ## **AS AT 31 DECEMBER 2024** |**Notes**
**Current assets**
Debtors
**9**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**10**
**Net current assets**
**Net assets**
**The funds of the charity**
Restricted income funds
**11**
Unrestricted funds|**2024**
**£**
941
16,561
17,502
(1,800)|**£**
15,702
15,702
4,189
11,513
15,702|**2023**
**£**
282
107,108
107,390
(1,422)|**£**
105,968| |---|---|---|---|---| |||||105,968| |||||86,219
19,749| |||||105,968| The financial statements were approved by the trustees on ......................... .............................. Mr C McWilliams - Treasurer **Trustee** - 8 - ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **1 Accounting policies** ## **Charity information** Bangor Worldwide Missionary Convention is an unincorporated charity and governed by its Constitution and Rules. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's constitution and rules of procedure, the Charities Act (Northern Ireland) 2008, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. These financial statements for the year ended 31 December 2024 are the first financial statements of the charity prepared on an accruals basis in accordance with the Charities SORP "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 1 January 2019). Earlier financial statements were prepared on a receipts and payments basis. The date of transition is 1 January 2023 and comparative figures have been restated for the change in accounting convention. The impact of transition has been to reduce the surplus for the year ended 31 December 2023 by £1,140 and to reduce opening funds at 1 January 2024 by the same amount. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. - 9 - **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024** ## **1 Accounting policies (Continued)** Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.6 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.7 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. - 10 - ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **2 Income from donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
67,000
174,119
**Donations and gifts**
Donations
31,392
156,316
Gift aid
10,615
17,803
Offerings
13,545
-
Legacies
3,123
-
Events
8,325
-
67,000
174,119|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
241,119
57,033
128,825
187,708
26,728
108,436
28,418
10,983
20,389
13,545
11,948
-
3,123
-
-
8,325
7,374
-
241,119
57,033
128,825|**Total**
**2023**
**£**
185,858| |---|---|---| |||135,164
31,372
11,948
-
7,374| |||185,858| ## **3 Expenditure on charitable activities** ||**Charitable**|**Charitable**| |---|---|---| ||**expenditure**|**expenditure**| ||**2024**|**2023**| ||**£**|**£**| |**Direct costs**||| |Donations to missions|279,595|47,275| |Missionary candidates|1,050|-| ||280,645|47,275| |**Share of support and governance costs (see note 4)**||| |Support|48,940|41,767| |Governance|1,800|2,532| ||331,385|91,574| |**Analysis by fund**||| |Unrestricted funds|50,740|44,951| |Restricted funds|280,645|46,623| ||331,385|91,574| - 11 - ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024** ## **4 Support costs allocated to activities** |Advertising
Bank charges
Design & print
Hospitality
Insurance
IT
Subscriptions
Premises
Singers
Sundry expenses
Governance costs
**Analysed between:**
Charitable expenditure
**5**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements|**2024**
**£**
3,746
751
6,505
4,630
502
6,379
150
7,200
4,050
15,027
1,800
50,740
50,740
**2024**
**£**
1,800|**2023**
**£**
4,669
519
6,884
2,603
202
3,652
150
5,350
6,750
9,566
3,954| |---|---|---| |||44,299| |||44,299| |||**2023**
**£**
3,954| ## **6 Trustees** During the year 1 (2023 - 2) trustee was reimbursed expenses totalling £293 (2023 - £262). No remuneration was paid in respect of services as trustee. ## **7 Employees** The average monthly number of employees during the year was: ||**2024**|**2023**| |---|---|---| ||**Number**|**Number**| |Total|-|-| There were no employees whose annual remuneration was more than £60,000. ## **8 Taxation** The charity is exempt from income tax and capital gains tax to the extent that its income and gains are applied for charitable purposes. No tax charge has arisen in the year. - 12 - ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024** |**9**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income
**10**
**Creditors: amounts falling due within one year**
Accruals and deferred income|**2024**
**£**
941
**2024**
**£**
1,800|**2023**
**£**
282| |---|---|---| |||**2023**
**£**
1,422| ## **11 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**At 1**
Specific missions
Missionary candidates
**Previous year:**
**At 1**
Specific missions
Missionary candidates|**January**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2024**
**£**
**£**
**£**
**£**
**£**
84,717
173,777
(279,595)
24,496
3,395
1,502
342
(1,050)
-
794
86,219
174,119
(280,645)
24,496
4,189
**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
**£**
2,920
128,420
(46,623)
-
84,717
1,097
405
-
-
1,502
4,017
128,825
(46,623)
-
86,219|**January**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2024**
**£**
**£**
**£**
**£**
**£**
84,717
173,777
(279,595)
24,496
3,395
1,502
342
(1,050)
-
794
86,219
174,119
(280,645)
24,496
4,189
**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
**£**
2,920
128,420
(46,623)
-
84,717
1,097
405
-
-
1,502
4,017
128,825
(46,623)
-
86,219| |---|---|---| |||86,219| Restricted funds represent income received where the donor has indicated their wishes that the funds are used in support of specific mission work. - 13 - ## **BANGOR WORLDWIDE MISSIONARY CONVENTION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024** ## **12 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. |**At 1**
General funds
**Previous year:**
**At 1**
General funds|**January**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2024**
**£**
**£**
**£**
**£**
**£**
19,749
67,000
(50,740)
(24,496)
11,513
**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
**£**
7,667
57,033
(44,951)
-
19,749| |---|---| ## **13 Analysis of net assets between funds** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 December 2024:**
Current assets/(liabilities)
11,513
4,189
11,513
4,189
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 December 2023:**
Current assets/(liabilities)
19,749
86,219
19,749
86,219|**Total**
**2024**
**£**
15,702| |---|---| ||15,702| ||**Total**
**2023**
**£**
105,968| ||105,968| ## **14 Related party transactions** There were no disclosable related party transactions during the year (2023 - none). - 14 -