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Charity Registration Νο.101398
Company Registration Νο. ΝΙ626366 (Northern lreland)
ΑΜΙ IRELAND
ANNUAL REPORT & UNAUDITED FINANCIAL STATEMENTS
FOR ΤΗΕ YEAR ENDED 31 DECEMBER 2023
ΑΜΙ IRELAND
CONTENTS
| Page | |
|---|---|
| Charity reference and administrative details | 1 |
| Directors' repor | 2-3 |
| lndependent examiner's report | 4 |
| Statement of fnancial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 - 11 |
ΑΜΙ IRELAND
CHARITY REFERENCE AND ADMINISTR ATIVE DETAILS
Directors Andrew Montgomery Hilary Montgomery Colin Woodward Chaήty number 101398 Company number ΝΙ626366 Principal address 19 The Cairn Upper Station Road Greenisland CoAntrim ΒΤ38 8ΖΤ Registered offιce 19 The Cairn Upper Station Road Greenisland CoAntrim ΒΤ38 8ΖΤ lndependent accountant Johnston Kennedy DFK 1 Ο Pilots View Heron Road Belfast ΒΤ3 9LE
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ΑΜΙ IRELAND
DIRECTORS' REPORT
FOR ΤΗΕ YEAR ENDED 31 DECEMBER 2023
The directors present their report and accounts for the year ended 31 December 2023.
Objectiνes and actiνities
The Charity is established for the advancement of the Christian religion in Northern lreland and throughout the world. The objectives are to; preach the Gospel, encourage Christian living and the moral and ethical standards inherent therein, promote and support missionary endeavours and contribute to the spiritual and moral education of Christians.
The directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the company should undertake.
Achieνements and perfonnance
Destination Church Belfast completed their fιrst year at the new venue in Central Park Mallusk. The venue has potential for growth and additional activities which we are developing.
ΑΜΙ lreland lntern Programme restarted its public meetings in 2023, hosting in the new venue.
Financial reνiew
The training and education division of the charity generated a net defιcit of f:884 during the year.
Destination Church Belfast generated a net defιcit of f:19,485 during the year.
Unrestricted reserves at the year end amounted to ί:205,561.
The company's reserve policy is to accumulate sufficient unrestricted reserves to provide resources to launch an employed ministry tearn.
Structure, goνernance and management
The charity is a cornpany lirnited by guarantee without share capital and is governed in accordance with its Memorandurn and Articles of Association.
The charity is registered with the Charity Cornrnission for Northern lreland.
The directors who served during the year and up to the date of signature of the fιnancial statements were: Andrew Montgornery Hilary Montgomery Colin Woodward
The fιrst directors were appointed by the leaders of Acts Ministry lnternational. The directors received induction training and mentoring from Acts Ministries lnternational. Their vision was to establish a ministry in Northern lreland.
None of the directors has any benefιcial interest in the assets of the company. ΑΙΙ of the directors are members of the company and guarantee to contribute Ε1 in the event of a winding up.
The directors oversee the day to day operations of the company and the board meets forrnally on a quarterly basis to review operations and develop the strategic direction of the company.
Νο emoluments were paid to directors during the year.
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ΑΜΙ IRELAND
DIRECTORS' REPORT
FOR ΤΗΕ YEAR ENDED 31 DECEMBER 2023
Statement of directors responsibilities
The directors, who also act as trustees for the charitable activities of ΑΜΙ lreland Ltd, are responsible for preparing the Directors Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards[(] United Kingdom Generally Accepted Accounting Practice[)] .
Company Law requίres the dίrectors to prepare accounts for each ftnancίal year which give a true and faίr vίew of the state of affairs of the company and of the ίncomίng resources and application of resources, includίng the income and expenditure, of the charίtable company for that year.
ln preparing these accounts, the directors are requίred to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make[j] udgements and estimates that are reasonable and prudent[;]
- state whether applicable UK Accounting Standards have been followed, sub[j] ect to any material departures disclosed and explaίned in the accounts[; ] and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue ίn operation.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the fιnancial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other iπegularities.
Political and charitable donations
During the year the company dίd not make any political or charitable donations.
Special provisions relating to small companies
This report has been prepared in accordance with the special provisions of Part 15 of the Companίes Act 2006 relating to small companies.
The directors report was approved by the Board of Directors .
.. αιΑ� A�::Ji»-�ery Director
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ΑΜΙ IRELAND
INDEPENDENT EXAMINER'S REPORT το ΤΗΕ DIRECTORS OF ΑΜΙ IRELAND
ln accordance with the engagement letter dated 4 December 2017, and in order to assist you to fulfιl your duties under the Companies Act 2006, we have compiled the fιnancial statements of ΑΜΙ lreland for the year ended 31 December 2023, set out on pages 5 to 11 from the accounting records and information and explanations you have given to us.
Respectiνe responsibilities of Directors and Examiner
As the directors of the company you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Haνing satisfιed us that the accounts of the company are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, it is our responsibility to:
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examine the accounts under section 65 of the Charities Act (Northern lreland) 2008;
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follow procedures laid down in the general Directions given by the Charity Commission for Northern lreland under section 65(9)(b) of the Charities Act; and
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state whether particular matters have come to our attention.
Basis of lndependent Examiner's Report
We have examined your charity accounts as required under Section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charities Commission for Northern lreland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. lt also included consideration of any unusual items or disclosures in the accounts, and seeking explanation from you as charity trustees concerning any such matter.
Our role is to state whether any material matters have come to our attention giving us cause to believe:
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1) accounting records were not kept in respect of the company as required by section 386 of the Companies Act 2006 Act; or
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2) the fιnancial statements do not accord with those records; or
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3) the fιnancial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4) that there is further information needed for a proper understanding of the accounts to be reached.
lndependent Examiners' Statement
We have completed our examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern lreland, we have found no matters the re u· • g to your attention.
James Gage FCA For and οη behalf of Johnston Kennedy DFK 10 Pilots View Heron Road Belfast ΒΤ3 9LE
Dated: ... ?.1/,.'J{..�!ι.
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ΑΜΙ IRELAND
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR ΤΗΕ YEAR ENDED 31 DECEMBER 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Unrsticted Unresticted | |||
| funds | funds | ||
| Nots | ε | ε | |
| lncome from: | |||
| Donations and legacies | 2 | 50,934 | 45,868 |
| Expenditure οη: | |||
| Charitable activities | 3 | 71,303 | 40,739 |
| Net movement ίη funds | (20,369) | 5,129 | |
| Fund balances at 1 January 2023 | 225,930 | 220,801 | |
| Fund balances at 31 December 2023 | 205,561 | 225,930 |
lncomlng resources and resources expended
ΑΙΙ incoming resources and resources expended disclosed as unrestricted have not been designated for any specific purpose.
Continuing operations
The statement of financial activities has been prepared οη the basis that all operations are continuing operations.
Total comprehensive income
There is ηο other comprehensive income to report ίη addition to the net income for the financial year.
Historical cost
The results as disclosed ίη the statement of financial activities and the retained funds for the year have been presented οη an historical cost basis.
Companies Act 2006
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
The notes οη pages 7 to 11 form part of these financial statements Compiled without audit or independent verification - refer to independent examiners' report
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ΑΜΙ IRELAND
BALANCE SHEET
AS ΑΤ 31 DECEMBER 2023
| 2023 Notes ε Fixed asset Tangible assets 6 Current asset Cash at bank and in hand 118,852 Creditor: amount falling due within one year 7 (17,439) Net cuπent assets Totl asset less cuπent liabilities lncome funds Unrestricted funds 8 |
2022 ε Ε 104,148 135,766 (3,033) 101,413 205,561 205,561 205,561 |
Ε 93,197 132,733 |
|
|---|---|---|---|
| 225,930 | |||
| 225,930 | |||
| 225,930 |
Directors' statement in respect of the flnancial statements
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its fιnancial statements for the year in question in accordance with section 4 76 of the Companies Act 2006.
These fιnancial statements have been prepared in accordance with the provisions applicable to companies sub[j] ect to the small companies' regime and the Financial Reporting Standard 102 Section 1Α- Small Entities.
The fιnancial statements were approved and signed by the Directors and authorised for issue on ····-�-[�ri] k
��ry
Director
Company Registration Νο. ΝΙ626366
The notes οη pages 7 to 11 form part of these financial statements Compiled without audit or independent veήfication - refer to independent accountants' report
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ΑΜΙ IRELAND
NOTES το ΤΗΕ FINANCIAL STATEMENTS FOR ΤΗΕ YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
1.1 General infonnation and basis of preparation
ΑΜΙ lreland is a prίνate company limited by guarantee ίncorporated in Noήhern lreland. The registered office is 19 The Caίrn, Upper Station Road, Greenisland, Co Antrim, ΒΤ38 8ΖΤ.
The accounts haνe been prepared in accordance with the the Companies Act 2006 and "Accounting and Repoήing by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Repoήing Standard applicable in the UK and Republic of lreland (FRS 102)" (second edition - October 2019), the Charities Act (Noήhern lreland) 2008 and UK Generally Accepted Practice as it applies from 1 January 2019. The company is a Public Benefit Entity as defined by FRS 102.
The company has taken adνantage of the proνisions in the SORP for charities applying FRS 102 (Second edition) not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest ε.
The accounts haνe been prepared under the historical cost conνention.
The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approνing the financial statements, the directors haνe a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concem basis of accounting in prepaήng the financial statements.
1.3 Charitable funds
Unrestricted funds are aνailable for use at the discretion of the directors in fuήherance of their charitable objectiνes.
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 lncoming resources
lncome is recognised when the company is legally entitled to it after any peήormance conditions haνe been met, the amounts can be measured reliably, and it is probable that income will be receiνed.
Cash donations are recognised on receipt. Other donations are recognised once the company has been notified of the donation, unless peήormance conditions require deferral of the amount. lncome tax recoνerable in relation to donations receiνed under Gift Aid or deeds of coνenant is recognised at the time of the donation.
1.5 Resources expended
ΑΙΙ expenditure is accounted for on an accruals basis, inclusiνe of any VAT which cannot be recovered, and has been classified under headings that aggregate all the costs relating to the category.
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ΑΜΙ IRELAND
NOTES το ΤΗΕ FINANCIAL STATEMENTS (CONTINUED) FOR ΤΗΕ YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fιxed assets are initially measured at cost and subsequently measured at cost or νaluation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or νaluation of assets less their residual νalues oνer their useful liνes on the following bases:
Leasehold improνements 10% Straight line Equipment 20% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying νalue of the asset, and is recognised in the statement of financial actiνities.
1.7 Cash and cash equivalents
Cash and cash equiνalents include cash in hand, deposits held at call with banks, other short-term liquid inνestments with original maturities of three months or less, and bank oνerdrafts. Bank oνerdrafts are shown within borrowings in current liabilities.
1.8 Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial lnstruments' and Section 12 Όther Financial lnstruments lssues' of FRS 102 to all of its fιnancial instruments.
Financial instruments are recognised in the company's balance sheet when the company 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 arnortised cost using the effective interest rnethod unless the arrangernent constitutes a fιnancing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classifιed as receivable within one year are not amortised.
Basic financial llabilities
Basic fιnancial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a fιnancing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classifιed as payable within one year are not arnortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Operating creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classifιed as current liabilities if payment is due within one year or less. lf not, they are presented as non-current liabilities. Operating creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rnethod.
Derecognition of financlal liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
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ΑΜΙ IRELAND
NOTES το ΤΗΕ FINANCIAL STATEMENTS (CONTINUED) FOR ΤΗΕ YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
(Continued)
1.9 Taxation
The company is a registered charity and is not liable to tax οη surpluses generated or investment income derived from activities within the scope of the charitable objectives.
2 Donations and legacies
| 2023 | 2022 | |
|---|---|---|
| ε | ε | |
| Donations and gifs - DCB | 39,056 | 34,389 |
| Donation and gifs -ΑΜΙ | 3,385 | 2,970 |
| Gif aid tax reclaim | 8,493 | 8,509 |
| 50,934 | 45,868 | |
| -- | -- |
3 Charitable activities
| Activities | Suppor cost |
Totl 2023 |
Total 2022 |
|
|---|---|---|---|---|
| ε | ε | ε | [ | |
| Charitable expenditure -ΑΜΙ | 3,787 | 975 | 4,762 | 4,013 |
| Charitable expenditure - DCB | 65,859 | 682 | 66,541 | 36,726 |
| 69,646 | 1,657 | 71,303 | 40,739 | |
| -- | -- | -- | -- |
4 Directors
None of the directors (or any persons connected with them) received any remuneration during the year, however 3 directors received honoraria payments totalling f:9,000 for the year:
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Andrew Montgomery: f:4,200 Honorarium
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Colin Woodward: f:4,800 Honorarium
As well as the honoraria received they also were paid the following expenses:
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Andrew Montgomery: f:496 for mileage and general expenses
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Colin Woodward: f:533 for mileage and general expenses
5 Employees
The average monthly number of employees during the year was:
2023 2022 Number Number
Total
Νο employees were paid remuneration during ίη the year.
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ΑΜΙ IRELAND
NOTES το ΤΗΕ FINANCIAL STATEMENTS (CONTINUED)
FOR ΤΗΕ YEAR ENDED 31 DECEMBER 2023
| 6 Tangible fxed asset Leasehold Equlpment lmprovements ε ε Cost At 1 Januar 2023 74,402 25,043 Additions 16,703 9,016 Disposals (33) At 31 December 2023 91,105 34,026 Depreciation At 1 January 2023 1,759 4,489 Depreciation charged in the year 8,856 5,879 At 31 December 2023 10,615 10,368 Net book value At 31 December 2023 80,490 23,658 At 31 December 2022 72,643 20,554 7 Creditor: amount flling due within one year 2023 ε Accruals 17,439 |
Totl ε 99,445 25,719 (33) 125,131 6,248 14,735 20,983 104,148 93,197 2022 ε 3,033 |
|---|---|
7 Creditors: amounts falling due within one year
8 Unrestricted income funds
| Balance at 1 Januar |
lncoming resoures |
Resources Balance at 31 expended December |
Resources Balance at 31 expended December |
||
|---|---|---|---|---|---|
| 2023 | 2023 | ||||
| ε | ε | ε | ε | ||
| Unrestricted funds | 225,930 | 50,934 | (71,303) | 205,561 | |
| 9 | Analysis of net asset beteen funds | ||||
| Totl | Totl | ||||
| 2023 | 2022 | ||||
| ε | ε | ||||
| Fund balances at 31 December 2023 are | represented by: | ||||
| Tangible assets | 104,148 | 93,197 | |||
| Current assets/(liabilities) | 101,413 | 132,733 | |||
| 205,561 | 225,930 |
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ΑΜΙ IRELAND
NOTES το ΤΗΕ FINANCIAL STATEMENTS (CONTINUED) FOR ΤΗΕ YEAR ENDED 31 DECEMBER 2023
1 Ο Financial commibnents
The company had no fιnancial commitments at 31 December 2023 or 31 December 2022.
11 Capital commitments
The company had no capital commitments at 31 December 2023 or 31 December 2022.
12 Control
The directors control the company.
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