Charilv regislralion number.. 101422 An Invitation To Love Jesus Annual Rewrt and Financial Statements for the Year Lnded J l December 2023
An Invitation To Love Jesus Contents (continued) Rcfcrcncc and Admini5tratii'c Dctai15 .1 rustees, Report 2to5 Statcmcnt of Trustccs, RcsponsibilitiC5 Independent Auditors, Report 7t09 Statcmcnt of Financial Actii'itiC5 Ioto I Balance Sheet 12 Notes to the Financial Statements 13to26
An Invitation To Love Jesus Reference and Administrative Details Trustees Mrs Bridget Madden. Tre&surer Mrs Marie Madden. "I"reasurer Mr Colum Donaghw: Trcasurcr Mrs Pauline O'Kane: Chairperson Mrs Oonagh Donaghi". Secretary Mrs Agatha McKaj. Committee Member Mrs Cjeraldine Rushe. Vice Chairperson Mrs Anne l.osier. Commile Member Mrs Ainc Mohoric: A5SiStant Sccrctary Mrs Heather John. Committee Member Mrs Michelle Liddle. Commiiiee Member Mrs Margaret Gallagher. Committee Member Mrs Bridget Madden. Treasurer Mrs Marie Madden. "I"reasurer Key Management Team Mr Colum Donagh!". Trcasurcr Charity Registration Number 101422 Principal Office 46 James Street CooksioMm Co. T)'rone BT80 8LT Auditor McKeague Morgan & Compan)". 27 College Gardens Bellast BI-9 6BS Bankers Danskc Bank PO Box 18) Done?all Square West Belfast BTI 6JS Page I
An Invitation To Love Jesus Trustees, Report The trusiees present the annual rewrt together ii.ith the financial statements and auditors, rewrt of the charity. for thc j'c cndcd 31 Dcccmbcr 2023. Objeetives and aetivities Public benefit The principal objectiN'e of the charih- is the advancement of religion. The public benefits of the charittT are= l. Thc prci'cntion or rclicf of poi'crt!. 2. The adN"ancemeni of religion 3. To promotc hcalthi. rccrcation and cducation in cqucstrian 5POrt 4. Other charitable purposes The Trustees confirni that the chariti. has complied ii'ith the public interest slatutorN' guidance issued under scction 4 of thc Charitics (Northcrn Ircland) Act 2008. Revieiv of activities, achievements and perfomanee Activities Our doors are open to all denominaiions. We primaril!" olTer a place of Pra)'er and Relreat for all. We offer rganised times of retreat and prii'ate retreat. 'e provide a listenin? ear to those experiencing difliculty or Irauma in their lii'es and support ihem in iyhaiei'er ii?!. possible. We refer those i¥ho li'e cannot assist to the relevant agencies and ofter help and support ii.hen necessan". -e hai-e an open pral'er room and weekl J". pra)wer meeting in the I louse of Praler. We ha"e sel up other I louses of Prai er ihroughoui the world and Lonlinue lo mak-e these fit for purpose as and ii.hen tunds alloii". We publish and print a monthlN' neiN'£letter for anN'one Ivishing to rcccii'L it in UK. Ircland and Europc. A thrcc-monthlN" cdition 15 5cnt out to thc rcst of thc world. WL" further seek to promote Chrislianity. throu?h our music ministr¥- ii.ho pertorm: at least ever). tti"'o ..eeks, at Church sen ices. "l-hese sen ices haie no fee aitached. We reach oul lo the woung 1th1n our coinmuni(!' and proi'ide a soup kitchen al ii'eekends ii.hiih promotes Christian values to the )'oung b!, our example. Soup, tea and Loffcc arc aw"ailablc at no chargc: and ii'c arc also thcrc to as5i5t thc N"outh iN"ith othcr problcms ivhich thc). ma! encounter after a night out. We also reach oui and seek io reliei'e the suffering of others through street collcctions tor 'Thc Forgottcn Poor,. Wc opcratc this alon2 thc guidancc of thc Biblc to 'fccd thc hungry.. clothc the naked and gil'e the thirstN' a drink, and tTh to reach out to those are not being helped bN' the larger charitiC5, SPCCiticall! thosc iil]o arc t-orgottcn. A5 M"c all 1sDrk on a i'oluntaTr ba5l5 onc hundrcd pcr ccnt of all donations given to "The Forgotten Poor go directl!. the cause. Ilfe hai'e a charits. shop selling used clothes, footw'ear etc and sell these at loii.er prices than other shops. We also hai-e a religious goods shop ..hICh proi'ides a serwice to the general public. An! or all profiS go direcil!. loMurds the charil! and ils objeLliwes. Our equestrian centre is up and running and are tulfillino our objectii-es ot promoting health). recreation and eduialion in equestrian sport. Performance In this l'ear trom l JanuaTr' 2023 to 31 December 2023 the charity. continues to H'"ork toH'ard achieN'ing all our objcctiN'cs. Wc hai'c our Lommunity. pra1.crs four timc5 pcr dai". scicn da!"s pcr ii"cck. I.-C also hai'c our spccial daj's of pral'er and i4"eekl!' pral'er meeiing. All ot'ihese are open to the public and are promoted on our Facebook page and b) means of k'arious posters in our froni ii.indoii and nolice tx)ard. We are Siill lii'e streaming all Ihe pral'ers through our FaceiK)ok page and on YouTube. We set out below hoi¥. li'e met our object]e5 in this financial ycar.. Page 2
An Invitation To Love Jesus Trustees, Report (continued) The prevention or relief of poverty We ha'e continued ivith the sFK)nsorship of two Indian children thus enabling them to continue with their education. We hai'e also gii'en small granls to i"arious projects. We continue to trv and reach those ivho do not benefit from the help of the larger iharilies and conceniratr on ihe immediale etTects of hunger. We send donations to warious indii"iduals Isith fccding mi55ion5 such Kibcra 51um in KcnN"a and a fccding programmc in Last Godavari, India. 11.'e organise special sireel u)Ilections for the l.orgoiien Poor monihly. We continued io make specitic donations to religious indiTr'iduals in PK)or overseas countries. To promote healthy recreation and education in equestrian sport "I'he charilN' ow'ns and runs a propert)" used as a cross communil! recreaiional equestrian centre. To further our objective ot promotion ot reliqion ii"e shoii- Christian N'alues bi- our care ot those awailing of lessons. Iwoluntary. stable helpers. and general N'olunleers. 'l-o enable those. ii,ho ma!. not ordinaril! be able lo arrord progress in the sport. the centre 14.ill provide transrx)rt. ponies and horses so that the!- maN' tak-e part in eN'enting. competitions and Shows. Wc a150 ivill rcach out to pcoplc ii.ith autism and Icarning dibIlIticS and Pr0.1dC for Ihem a caring, loi'ing. ii'elcoming and therapeuiic means of recreation. Within Ihe equestrian centre li'e continue io compleie construction of a Praler Room ii.hiLh ii.ill be open all as a place of pra)'"er and quiei refleLlion. All, if an},, profits ivill be used directl! b!. the chants. to aid in the fulfilment of all our objectii'es. The centre continucs to mcct its objcctii'C5. The advancement of religion In the l'ear of 202). ii'"e coniinue lo be open and ivelcoming to all ivho enter our doors. We have our communiti, pravcrs, four timc5 pcr da!. and sci.cn dal's Is'cck. Wc a150 hai-c our wccklv pral'cr mccting and spccial da},5 ol- pral'er ihroughoui the l'ear. We lii'e siream all Ihese times of pral'er on our FaceBook page and on YouTube. We continue to hai'e a stead!" stream ot"i"isitors and people ivho join us for the ditferent times of prajwers as well as those w'ho just Mish io use our pra!"er room for soliiaTh" praN'er. "l-here ha5 been no significant increase in numbcts coming in ncN'crthclcss Th"c continuc to attract n. pcoplc itho arc just bccoming aiNirc of thc scTh'iccs li'e orrer. "I'hroughout ihe ! ear ile man ielephones and tske prd!"er requests. We continue lo deal wilh a stead) request tor deN"otional items through post, email and ielephone. Other charitable purposes "I'he music ministrv at the I louse of Pra!"er conlinues be in high demand for Church sernjices and bring iheir ministry to our local Church on a fortni?htl!' basis. The!. also brino. on requesL their ministTh' to outllwing Church sernices suLh as speLial da)'s ol- pra!"er. funerals and iieddings. A il'orship ei'ent ilas held bi. Ihem al Saint Joseph F.questrian Centre in June 2023. li had the ini'oliemeni of our Parish priesl and along ii.'ith Sonlight fcaturcd an ccumcnical 'orshiP group from Dcm". (h"cr Christmas Sonlight hcld thc annual Christmas conccrt here ai the House as iN'ell as i'arious carol sen'ices ii'ithin the communii). including the local ii.'omen s refuge. Sonlight music mini5tr%' continuc5 to bc a i-aluablc mcan5 of promoting our charity at thc Housc of Pral'cr and in local Churches and community- Financial review Policy on reserves The charity. has no tormal polic). on reser¥'e5. It creates resen.es as required tor specitic projects. It funds ivere materiallN' in defiiit at any lime steps ivould be thken tr) eliminate the deficiL norniall). by a special appeal io cxisting donors. S¢ruc¢ure? governance and management An In'ItatIOn to Loi'e Jesus is a charilv conslilUd b!. a -l-rusi Deed and is recognised as a charil). by the Inland Revenue, number XR21806 and b)" the Charit). Commission INI). number NIC 101422 .
An Invitation To Love Jesus Trustees, Report (continued) Our constitution requires ive haN'e 12 trustees and 12 remain in otrice i¥ith no ne.. elections taking place. All the committcc mcmbcrs Ot-thc charits." arc from 1s"ithin thc charits" and takc part in dccisions bcing madc for thc daN' io da). running of the charit}'. All trustees are giien guidelines on their respx)nsibililies and on how meeiings are lo be conducied. l-hese guidelines are in iiTitten torm and each of the trustees haiie a copN'. Training is by actiTre work 7th1n the commiiiee and all oi.erseen b)" the Chairperson. Recruitment and appointment of trustees Thc tw'cli'c IrustCC5 rcmaincd thc samc as in 2022 and no ncii" clcctions ii.crc madc. Thc trustccs arc rc-clcctcd annuall!, and there is no limit on the number of terms iihich ma!. be seri'ed. The truslees and positions of tru5tccs arc clcctcd as part ot-thc Annual Gcncral Mccting and thrcc of thc positions CrC rcassigncd. All long term members of .4n Ini'itation to Loi'e Jesus. are oi'er the age of 18 and hai'e over tour years of voluntarv seTh ice iviihin ihe charitN are eligible io be truseS. Lach prospeciii.e member iiishing io .join ihe charit!. serves tor a probaiion N'ear to assess their commitment and if suitable then is inN-.ited to join as a charity member. "I'he trustees and tK)silions of irusiees are eleCd as part ofthe Annual General Meeting. Pay and remuneration of trustees No pa). or remuneration is giN"en to trustees. All are voluntary- Organisational S¢ruc¢ure "I'he trustees are reSE)nsible for the da!".iO-da!" managemenl ofihe charilN'. TrustCC5 arc rcsFK)nsiblc for making dccision5 on mattcr5 of da)" to daN' running ot- thc charity." futurc projccts and all matters of concern 10 the charits.. The trustees also make decisions on hoii.. funds are allocated and on bills lo be paid. Thc trustccs mcct cach Tuc5daTr' night. In 2023 thc trustccs mct 44 timcs during thc vcar. Somc ot thc5c mcctings continuc to bc part i"irtual. Thc ai"crdgc attcndancc 80. J30/0. Decision making poliey The da). to dav financial management is conducted bi. Ihe three joini Ireasurers ..hO report ..eekI), to the full board ot trustccs. Thc spiritual 1s.ork of thc cliarit)" is conductcd b?" thc full board ot trustccs. Page 4
An Invitation To Love Jesus Trustees, Report (continued) Risk management The Trustees reN'ieTh' the major risks 'hICh the charity faces and beliei'e that the polic>. on reseTh'es, as stated above, provides sutficient resources in the ei.ent of adi erse conditions. The Trustees examine business and other operational risks faLed bi. Ihe iharity and confim) thai s!"strms moniior and miligaie significant risks are in placc. Risks considcrcd on annual basis. Plans for future periods "I'he charitN, full! intends lo coniinue w meei objeLiii"es in ihe fulure. by ii"haiever means possible. We 1[1 continue to stream PraN'ers and Pral'er Meetings and to fi]rther Sonli?ht music mini.slTh' in the enhancement of oiir services.we hawe begun. as funds alloii". and iniend io coniinue iiiih essenlial renowalion and mainlenance Ivork on all the Houses ot Pra}-er in order to bring them up to standard for use. It continues to have specitic plans to expand its outreach to l-oung people bN' continuing to develop the cqucstrian ccntrc ivithin thc cxisting Hou5c of Prai"cr. This cqucstrian ccntrc proi-idcs citra funds bN' uffcring its facilities to the general public. Il'-e iiill continue 10 eipand the equestrian cenire aciii'"ities b> preparing students ror compeiilions. Due to lunds hal.ing become aiailable ii"e hai'e begun makino plans kn further dei'elop our outreach to the Tr'outh. Ivith the aim of being able to proi'ide other actii'ities such as ii'ater stx)rts and fishing. This is i'cr! much dcpcndcnt on hal-ing thc spccialiscd manpoii.cr nccdcd to opcratc such a programmc. This is not possible ai this time but lye hope lo Lontinue to make preparaiions 1th the vieiv of enhancing and developing our outreach to the ! outh. Disclosure of illfortllation to auditor Each trustee has taken steps thai the). ought to hai"e taken as a trustee in order to make themseli'es a..are of an), relei'ant audit inforniaiion and tr) esthblish thai the chariL)'s aUdIr is ailare of thal infomiaiion. 'I'he Irustees contirm that there is no relei-ant intormation that thes. knoii" ot'and of iithich the)- knoii the auditor is narare. The trustees, report il'as approi'ed bTr' the trustees of the charits. on 30 October 2024 and signed on its behalf bv= Wdeo Oct 2W24 f16&&G Page i
An Invitation To Love Jesus Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, repon and the financial statements in accordance iN'ith the Unitcd Kingdom Accounting Standard5 (Unitcd Kingdom Gcncrall)" ALCCPtcd Accounting Practicc) applicable laii.. and regulations. 'I'he laii. applicable to charities requires the irustees to prepare financial sthiements for each financial year which give a tn]e and tair i'ieTh' of the state of atyairs of the chariti- and ot the incomino resources and application ot rcsuurLCS Ot-thc charit). for that pcriod. In prcparing thcsc finanLial 51atcmcnts. thc trustccs arL rcquircd to= sclcct suitablc accounting policics and thcn appli" thcm consistcntlN"'- obsern'e the meihods and principles in Ihe Chariiies SORP- make judgements and eslimaies thai are reasonable and prudent: state ii+)ether applicable accountin? standards hai"e been tolloii"ed. subject to anN' material departures disclosed and explained in the financial sthiemens- and prcparc thc tinancial statcmcnts on thc going conccrn basis unlcss it is inappropriatc to prcsumc that thc Charit will uontinue in business. Thc trustccs arc rcsponsiblc for kccping propcr accounting rccords that disclosc rcasonablc accuracN' at any lime Ihe financi1( I p)sition of the charity and enable them to ensure that Ihe financial statements Compl i4.ith the C haritics ALt (Northcrn Irclandl 2008: C"haritics (Accounts and Rcportsl Rcgulations (Northcrn li'cland) 2015. and the prO.iS1Ons of the cOnstition. The irusiees are also responsible for safeguarding the assets of the charity. and hence for taking reasonable steps t.or the prevention and detection of trdud and other irregularities. The trustees are responsible tor the maintenance and integritt" of the corporate and tinancial inlormation includcd on thc charitablc compan!"'s ii"cbsitc. Lcgislation goi-crning thc prcparation and disscmination of financial staiements ma! differ from legislaiion in other jurisdiciions. Approved bN' the Irus*es oFthe charil) on 30 Ocknber 2024 and signed on its behalf b>: 224 1PAÈtèLGMTI Page 6
An Invitation To Love Jesus Independent Auditor's Report to the Members of An Invitation To Love Jesus Opinion We hai'e audited the financial staiements of An Ini'itation To l.ove Jesus (Ihe '¢haritv') for the >'ear ended 31 December 2023. Ivhich comprise the Statement ot Financial ActiN"ities. Balance Sheet. and Notes to the l-inancial sleMents. including a summa. of sionificani accouniing policies. 'I"he financial reporiing fraMeOrk that has been applied in their preparation is lJnited Kingdom Accounting standards. comprising Charities SORP - I.-RS 102 '1-he l.inanLial Repx)rting Standard appliLable in ihe UK and Republic of Ireland, and 1pplicable law {United Kingdom Generallj. Accepted Accounting Practice). In our opinion ihe financial staiements: giN'c a truc and fair i'icii- ot" thc 5tatc ot" thc chariti"'s aftairs as at 31 Dcccmbcr 2023 and of its incoming resources and application of resources. including its income and expenditure. for ihe )'ear then ended. havc bccn propcrl). prcparcd in accordancc m.ith Unitcd Kingdom Gcncrally Acccptcd Accounting Practicc; and have been prepared in accordance iTr"ith ihe requirements ofthe Charilies Aci (Northern Ireland) 2008. Conclusions relating to going eoncern In auditing the financicll statements. li'e hai'e concluded that the trustees use of the going concern basis of accounting in thc prcparation of thc financial statcmcnts is appropriatc. Based on the work ive have pertornied: we haN'e not identified an!. material uncertainties relating to events or conditions that, individuallN or collectii'elN: ma!" casi significanl doubl on ihe Charit,5 abililv lo continue as a going concern tor a period ot'at least ni"eli'e months trom ii.hen the orioinal tinancial statements 14ere authorised for issuc. Our responsibilities and the resp)n5ibilities of the trustees ivith respect to going concern are described in the releiant sections olthis rerK)rt. Page 7
An Invitation To Love Jesus Independent Auditor's Report to the Members of An Invitation To Love Jesus (continued) Other information The trustees are responsible for the oiher inforniation. The other infonnation comprises the inforniation included in the annual rewrt. other than the tinancial statements and our auditor s rewrt thereon. Our opinion on the rinancial slalemenis does not coi."er ihe oiher infomaiion and: eicepi io the exleni oihernise expliciilv slated in ur report. li'e do not express an!. tonn ot'assurance conclusion thereon. In connection iyith our audit of the financial ststrments. our resEx)nsibilitv is to read the other infom)ation and, in doing 50: consider 'hether the other information 15 materiall)" inconsistent ii'ith the financial slatements or our knoiyledge obtained in ihe audit or oihen%"ise appears w be materialli mi5siaied. If e ideniifv such material inconsistencies or apparent maierial misstatements. ii"e are required determine iitjether there is a material misslalemenl in ihe financial statements or a material missthiemeni of Lhe other inforniation. If. based on Ihe Ivork ive hai'e pertormed, M'e conclude that there is a material misstatement of this other intorniation. 'e are required io report ihat fact. We have nothing to report in this reoard. M*¢ters on which we are required to report by exception In thL light of our knoii'lLdgc undLrstanding of thc chariti" and its cni-ironmcnt obtaincd in thc coursc of thc audit, we hai'e not identitied material misstatements in the Trustees. Report. We hai'e nothing to report in respect ol the folloiiing matiers Ihere the Charilies (Accounls and RerM)rts) Regulations {Northern Ireland) 2015 requires us to rewrt to l'ou it: in our opinion= adequate accounting records hai'e noi been kepL or returns adequate for our audit have not been receii'ed from branchcs not i'isitcd bs" us: or the financial statements are not in agreement ivith the accounting records and returns. or certain disclosures oltrustees remuneraiion specified bN laii" are noi made. or vc hawc not rcccii'cd all thc information and c.Kplanations ii"c rcquirc for our audit. Responsibilities of trustees As explained more full!. in the Staiemenl of "I rusiees, Resp)nsibililies (sel oul on page 6). the Iruslees are responsible for the preparation ot the tinancial statements and for being satisfied that the). give a true and fair Vie., and for such internal conirol as ihe irusiees deierniine is nece5saTh". io enable the preparalion or financial Statements that are tree trom material misstatement. Ivhether due to traud or error. In preparing the financial staiements. the trustees are responsible for assessing the charitt s abilitSP to continue as a 20ing concern. disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees eiiher iniend liquidatr the Lharii!" or cease operaiions, or hai'e no realistic alternative but to do so. Auditor Responsibilities for the audit of the financial sts¢ements Our objcctii'cs arc to obtain rcasonablc as5urancc about ii"hcthcr thc financial 5tatcmcnts as a wholc arc frcc from material misstatemeni. ii-hether due to fraud or error. and to issue an auditor s report that includes our opinion. Rcwnablc a55urancc 15 a high Ici"cl of a55urancc. but 15 not a guanIeC that an audit conductcd in accordance iiith ISAS (UK) iiill alii'a)"s delect a material misstsiemeni ii'hen it exists. Misstatements can arise from fraud or crror and arc considcrcd matcrial if: indii"iduall!' or in thc aggrcqatc. thc!, could rcasonablTr bc expected to influence the economic decisions of users lak'en on the basis olihese financial siatements. Irregularities, including fraud. are InsnceS of non-Lompliance ilqih laii"s and regulaiions. We design procedures in line ii.'ith our restM)nsibilities. ouilined aEK)i'e. to detect material misslatements in respecl of irregularities, including fraud. Thc cltcnt to iil]ich our pruccdurcs arc capablc of dctccting irrcgularitics, including fraud is detailed beloNI': Page 8
An Invitation To Love Jesus Independent Auditor's Report to the Members of An Invitation To Love Jesus (continued) We made enquiries of management to understand hom. the charits. is compl)'.ing with its legal and regulatory ubligalions. We eN'aluated the suscepiibility. of the financial statements to material misslalement and discussed with management the areas "here we belieied risk or rraud ma!. be higher and whai procedures are in place lo prei'ent or detect traud or nonwcompliance. We rei.le'ed manual journal eniries lor anl" unusual Posiings. Wc txrformcd tests in arcas whcrc signiticant accounting c5timatcs and judgcmcnt5 arc madc to assc5s thcir reasonableness. 'l-here are inherent limilalions in the audii proLedures described aLK)iwe. -l-he further remoilled anN' non-compliance Iviih laws and regulations is from Ihe ei'ents and transactions reflected in the financial statemenls. the less likel}, Ivc w'ould bccomc aivarc of it. Furthcrmorc. thc risk of matcrial illi5Statcmcnt duc to fraud is h1cr than thc risk of material misstatement due to error. as fraud mai. ini'oli'e deliberaie concealment. further description of our responsibililies is ai'ailable on ihe l.-inancial Reporting Council's website at: 1sTrNTrY.trc.oro.uklauditorsresponsibilities. This description fornis part ol'our auditor s report. Use of our report This rcport is madc solcl! to thc charitv tru5tccs: a5 a bod!.: in accordancc H"ith scction 65 of thc C.haritics Act (Northern Ireland) 2008 and regulations made under section 67 of Ihat Aci. Our audit ii'ork. has been undertaken so that 'e might state to the trustees those matters Ive are required to state to trustees in an auditors, report and for no other purtK)se. To the fullest eitent pern)itted b!, laiv. Ive do not accept or assume resp)nsibilitv to anvone othcr than thc charit! and its tru5tccs as a bod!.. tor our audit M'ork. for this rctMirL or for thc opinions Th'c havc rormed. kf.11 $41E1/1(s@d1uI0r). Auditor) ehalf olMcKeague Morgan & Comwanv: Sthiuiorv AudiLor l-or and on 27 College Gardens Beltast B-I-9 6BS 30 Octobcr 2024 NqcKeague Morgan & CompanTr' is eligible for appointment as auditor of the chariti, bN' virtue of its eligibilit), for appointmcnl as auditor of a compani" undcr 5CCtion 1212 of thc CompaniL"S Act ?006. Page 9
An Invitation To Love Jesus Statement of Financial Activities for the Year Ended 31 December 2023 Unrestricted funds Restricted funds Endowmenl funds Total 2023 Note Income and Endowments from: Donations and legacies Income from trading aclii'ities Other income 66i.9J I 99.827 42 94,5 763.000 1,523.431 99.827 523 481 Total income 76i.800 94.981 763.000 1,623.781 Expenditure on: Cost of generaiing funds Charitable e.xpendilure Support Costs 125.868) { l OJ.98J) (4iJ.209) (l i.028) 140.896} (103.98Jl 1492,38)) {17:032) {22:144) Total expenditure (i8J.0601 {32.060) {22.144} (637.2641 Nct incomc 182.740 62.921 740.856 986.517 Net movement in funds 182.740 62.921 740.856 986.517 Reconciliation of fund5 Total tunds brought fon4ard 1.698.234 399.326 2,097.560 "I"0[ funds carried forn%'ard 18 1.880.974 62.921 Unres¢ri¢ted funds 1.140.182 EndoH'ment funds J.084,077 Total 2022 Note Income and Endowments from: Donations and leoacies Income from trading aLtivities Othcr inLomc 390.369 107.66) 65 406.210 796.579 107.663 6) Totsl income 498.097 406.210 904.307 Expenditure on: Cost ot-generaiing funds Charitable e.xpenditure Support Costs (44.525) 194.546) (4J3.926) (44,525) 194,546} 1440,8101 (6.8841 Total expenditure li72.997) 16,8841 (579.8811 Net (e.xpendilurel/income 174.9001 J99..326 324.426 Nct movcmcnt in fund5 {74.9(Xl) J99.)26 324,426 Reconciliation of funds Total tunds brouoht fon4.ard -773.136 1,773.136 Total funds carried foni'ard 18 .698.2)6 J99.326 2.097.562 All olthe charilv's aciii'ilies derive from continuing operaiions during the aLK}'e two periods. The notes on pages 13 to 26 forni an integral part of these financial statements. Page 10
An Invitation To Love Jesus Statement of Financial Aetivities for the Year Ended 31 December 2023 (continued) The funds breakdoiin for 2022 is shoivn in note 18. The notes on pages 13 to 26 forni an integral part of these financial statements. Pagell
An Invitation To Love Jesus (Registration number: 101422) Balance Sheet as at 31 Deeember 2023 2023 2022 Note Fixed assets "l angible asse 13 2,8J4,6J8 2,103.970 Current assets Stocks 14 6,835 .916 260.27) 5,975 5.797 i8.624 Debtors Cash at bank and in hand 15 16 279.026 50.396 Creditors: Amounts falling due within one year 17 129.587) (56.804) Net current assetsl{liabili¢ies) 249.439 {6.4081 Lyet assets J.084.077 2,097.562 Funds of the charity: Endowment fullds 1,140.182 399,326 Restricted incotlle fund5 Rcstrictcd tunds 62.921 Unres¢rieted income funds Unrestricted funds 1.880.974 1,698.2J6 Total funds 18 J.084.077 2.097.562 The financial statements on pages 10 10 26 I1"ere approed b!" the trustees. and authorised for issue on 30 October 2024 and signed on their behalf by: MJJ Oct 2024 IéècMT1 The notes on pages 13 to 26 forni an integral part of these financial statements. Page 12
An Invitation To Love Jesus Iyotes to the Financial Statements for the Year Ended 31 December 2023 l Accounting policies S¢atemen¢ of compliance "I'he financial sthtements haie been prepared in accordance ii.iih ihe second edilion ofihe Charities Sialement or Recommended Practice issued in October 2019. the Financial RerK)rtino Standard applicable in the lJnited Kingdom and Republic of Ireland {FRS 102) and the Chariiies Act 2011. Basis of preparation An Invitation To Loi'e Jesus meels the definition of a public benefit entitt. under FRS 102. The accounts (rinancial slaiemenls) hai'e been prepared under ihe histr)riLal cosi conN"eniion ii.iih ilems recognised al Losl or Iransaction value unless oihen4.ise stated in the releN'ant notrfsl to these accounts. Going colleerll Thc trustccs considcr that thcrc arc no matcrial unccrtaintics aLK)Ut thc charits s ability." to continuc as a going concern. lllcoD]e and endoTrTr'meuts Voluntary, incomc including donations. oifts. Icgacics and grants that prolde corc funding or arc of a gcncral nature is recognised I.hen the charit)" has eniiilemenl io ihe income, li is probable ihai the income will be receii'ed and the amount can be measured ii.ith sufticient reliability- Donalions and legoeies Donations and legacies are recognised on a receivable basis ii,hen receipt is probable and the amount can be rcliabl). mcasurcd. Expenditure All expenditure is recognised once Ihere is a legal or constructiie obligation to that expenditure, it is probable ttlcmcnt l5 rcquircd and thc amount can bc mca5urcd rcliabl!.. .411 costs arc allocatcd to thc applicablc expenditure heading ihat aggreoaie similar costs 10 thai category.. IA"here costs cannoi be directlN' attributed to particular headings thei. hai'e been allocated on a basis consistent ii.ith the use of resources. ii'ith central statT costs allocated on the basis of time speni: and depreciaiion charges allocaied on the portion of the assel's use. Other supwrt costs are allocated based on the spread ot'statl costs. Ruisingfunds These are costs incurred in attracting i'oluntaTh' income: the management of investments and those incurred in trading actiN'itics that raisc funds. Charitable oelivilies Charitable expenditure comprises those costs incurred b}- the charits- in the deliver5. of its activities and services for it5 bL'nLficiarics. It includc5 both costs that bc allocatcd dirLCtI)" to such activitics th05C C05t5 of an indirect naiure necessary. to support them. All e.xpenditure is accounted for on an accrual basis.
An Invitation To Love Jesus Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) Taxation The charity is considered to pass the tesis set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charilable compan)" for UK corFK)ration tax purposes. Accordingl).. the charilTr is polentialli eAempi from iaiaiion in respeci of iniome or capital gains receii'ed i4'ithin calegories coi'ered by Chapier 3 Part I l ol. the Corporation T&i Aci 2010 or Section 2)6 of the Taxation ot Chargeable (iains Aci 1992. tr) ihe exienl thai suLh income or gains are applied exLlusii'elN" io charitsble purposes. Tangible fixed assets The historic cost ot tixed assets up to 31st December 2014 is its estimaied purchase cost, tooether M'ith an), incidental uosls of aLquisition. Nthi" fixed assets aLquired since I sl Januan" 201 i are reLorded al purchase cosl logether wilh an), incidental costs of acquisiiion. Deprecialion is calculated so as to ivrite off the cost less their cstimatcd rcsidual valucs. on a straight-linc basis ovcr thc cipcctcd uscful cconomic lii.'c5 of thc a5scts concerned. Depreciation and amortisation Dcprcciation is proi.idcd on tangiblc fi.xcd asscts so as to MTitc off thc cost or valuation. Icss anN' cstimatcd residual value. oi'er their expected usefvl economic life as folloivs: Asset elass Buildings Plant & machinery Fixtures & tittings Motor vehicles Depreciation method and rate 20/0 Straight line 150/0 slraighi line 70/0 Strdioht line 25°/o reducing balance Stoek Stock is valucd at thc loivcr ot- cost and c5timatcd sclling pricc Icss costs to complctc and scll. aftcr duc rcgard ror obsoleie and SI0, mol'ing stocks. Cosl is deiermined using ihe firsl-in. firsl-oul {I-"II-'O). Trade debtors Trade debtors are amounts due from customers t.or merchandise sold or seTrices pert"ormed in the ordinary course of business. 'l-rade debtors are reL'ognised iniliall!, ai ihe iransaciion price. Th•, are subsequentl!, measured at amortised cosl using Ihe ellective interesi method. less proirision for impainnent. A proiiision for the impairment of trade dcbtors is cstablishcd ivhcn thcrc is objcctii"c cvidcncc that thc charits. Nlill not bc ablc to collcct all amounts duc according io the original iernis of the receii'ables. Cash and cash equivalents Cash and Lash cquii'alcnts comprisc cash on hand and call dcposits: and othcr short-tcrm highlv liquid ini'estments that are readil!, coni'ertible to a k-noiyn amount of cash and are subject to an insignificant risk of change in value. Page 14
An Invitation To Love Jesus Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) Trade creditors are obligatlLins to pay for goods or sm'ices that hai'e been acquired in the ordinary course of business from suppliers. Accounts pa1.able are classified as current liabilities if the does not have an unconditional right. at the end of the rerK)rting period. defer seiilemeni of ihe crediior for al lea5L Lilelie months after ihe reportin? dale. If there is an unconditional ri?ht to deter settlement for ai least ttieli'e months after the reporting date, they are presenied as non-currenl liabililies. are recognised iniiially at the transaction price and subsequenilv measured ai amortised cost using the effeciive interest method. Borrowings Intcrcst-bcaring bOrro1ngs arc initiall! rccordcd at fair N"aluc: nct of transaction costs. Intcrcst-bcaring borroiN'ings are subsequentl!. uarried ai amortised cosl. ii'ith Ihe difference betii'een the proceeds. net of transaction costs. and the amount due on redemption being recogni5ed as a charge to the Statement of Financial Actiiwities oi'er the period of the relevani ix)rroii'ing. Interesi expense is recognised on the basis ol the etTectii"e inleresl method and is included in inleresl payable and similar charges. Borroii'ings are classified as curreni liabilities unles5 the chariti. ha5 an unconditional right to defer settlement of the liabililv for at leasi tweli'e monihs afier ihe reporting dale. Fund structure Unrestricted income funds are general fvnds thal are aiailable for use at the Irustees discretion in furtherance of thc objcctivcs of thc charity.. Restricted income tunds are those donated for use in a particular area or for specific purposes: the use of ivhich is reslricled lo ihat area or purpose. Financial instruments Classificalion Financial assets and financial liabilities are recognised ivhen the charit). becomes a paw. to the contractual proNisions of the instrumeni. Financial liabilities and equit)" instruments are classitied according to the substance of the contractual atTangcmcntS Ltitcrcd into. An cquiti" in5trumcnl is an)" contract that cvidcnccs a rcsidual inlcrcst in thc of Ihe charity after deducting all of its liabiliiies. Page li
An Invitation To Love Jesus Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) Recognition und Merent All financial assets and liabilities are initialls. measured at transaction price (including transaction costs), except for th05c financial scts C11r]cd &5 at fair I"aluc through profit or 105s. ii"hiLh arc initiall). Mcurcd at fair 'alue (Th'hich is nomiallN" Ihe transaction price excluding iransaction costs).. unless the arranoement constitutes a rinancing iransaclion. 11- an arrangement constilutes a linanLing (ransaciion. the financial asset or financial liability is measured at the present 'alue of the fvture pa!"ments discounted at a markel rate of interest for a similar dcbt instrumcnt. Financial assets and liabilities are onl). oftset in the statement of financial p)sition Ni."hen. and onl!, Ivhen there exists a legall) enforceable righi io sei otT ihe reLognised amounts and the charit>. inlends either lo seiile on a nct basis, or to rcalisc thc assct and scttlc t]ic liabiliti" simultancous1)-. Financial assets are dereco2nised ii.hen and onl!" iithen a) the contractual rights to the cash tlows trom the rinancial asset e.Kpire or are seitled. bl Ihe charil!. Iransfers another part!. substantiallv all of ihe risks and reiyards ot oiinership ot. the tinancial asset. or c} the charitt-. despite haN'ino retained .some, but not all, signifiLant risks and rci%'ards of oNsncr5hip. has transfcrrcd control of thc ct to other part).. l--inancial liabilities are dereL'ognised onll" iihen the obligaiion specified in the contract is discharged, canLelled or expires. Page 16
An Invitation To Love Jesus Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) Debi ins¢ruments Debt instruments thIch meet the tolloisino conditions are subsequentl}. measured at amortised cost using the cffcctivc intcrc5t mcthod= (a) -l-he conlraeiual reiurn io ihe holder is (i) a fixed amount= (li) a posiliN"e fixed ra or a positive variable rale; or (iii) a combination of a Siti.e or a negative fixed rate and a positii'e i'ariable rate. (b) The coniract mav proiwide for repa)'ments of the principal or the return to the holder (but not both) to be linked to a single releN"ant obsen.able index of genernl price inflation of the cUencY in Th'hich the debt instrument is denominated, proi'ided such links are noi leeraged. (L} "I'he LontraLi maN prO]de for a ddemiinable arIal10n ol the relum ts) the holder during the life of ihe instrument, provided that lil the neil" rate satisfies condition {a) and the i'ariation is not contingent on future ei'enls other ihan ( I l a change of a contraciual i ariable rate= {2) proiecl ihe holder againsl Lredit delerioralion I. the issuer- {31 changes in leN"ies applied b). a central bank or ari.sino trom changes in releN'ant taxation or la, or (li) thc ncw ratc is a markct ratc of intcrcst and satisfics condition (al. (d) -I'here is no conlraL'lual proi'ision that could. bi" Lems. resuli in the holder losing the principal amounl or an), interest attributable to ihe current period or prior periods. le} Contractual proi'isions Ihat pemit the issuer to prepa>- a debi instrumeni or perniit Ihe holder to put it back to thc issucr bct-orc malurilN' arc not contingcnt on futurc cicntS. Othcr th to protcct thc holdcr against thc crcdit deterioration of the issuer or a change in control of the issuer: or 10 proieci the holder or issuer against changes in Icvics applicd b! a ccntral bank or arising trom changcs in rclci-ant taxation or laiN. (0 Contractual proTr'isions maN' permit the extension of the term of the debt instrumenL proN'ided that the return io the holder and an! other contractual PTovisions applicable during the exlended frmi salisfv the conditions or paragraphs (a) to {c)- Debt instruments that are classilied as pal'able or receii.able ii.ithin one l-ear on initial recognition and i4.hich mLYt thL abovc conditions arL mcasurcd at thc und]scountL amount of thc cash or othLr considLratiun LXPLCtL"d to be paid or receiN'ed, nei of impaim)ent. With the exieption of some hedging instruments. other debt instruments nol meeting these conditions are mLasurLd at fair valuc through profit or105S. Commitmcnts to makc and rcccii'c loans ii.hich mcct thc conditions mcntioncd aboiTC arc mcasurcd at C05t (which ma) be nil) less impaim)en(. Inveslments Ini'L5tmcnts in non-coni'crtiblc prcfcrLllcL 5harc5 and non-puttablc urdinaTr' or prcfcrcncc sharcs IM'hL"rL Sh'c5 are publiclv traded or their fair i'alue is reliabl). measurable) are rneasud at fair value through profit or loss. Whcrc fair i'aluc cannot bc mcasurcd rcliabl!". ini"cstmcnts arc mcasurcd at cost Icss impairnicnt. Ini'L5tmcnts in subsidiarics and as50ciatcs arc mcasurcd at C05t Icss impairmcnt. For ini'cstmcnts in subsidiarics acquired for consideration including the issue of shares qualifi'ing for merger relief: cost is measured by rctcrcncc to thc nominal i'aluc of thc sharc5 issucd plus fair I'aluc of othcr considcration. Any prcmium is ignored. Page 17
An Invitation To Love Jesus Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) Derivativefinanciol inséruments The charity uses derivatii'e tinancial instruments to reduce exposure to toreign exchange risk- and interest rate moN'cmcnt5. Thc charity. docs not hold or is5uc dcriN"atii"c financial in5trumcnts for spcculatii'c purposcs. Deril'atiwes are initiall). recognised ai fair N'alue at the dale a derii'aiive conlracl is enlered inlo and are subsequentl). remeasured to their fair i'alue at each retK)rting date. The resuliing gain or loss is recognised in statcmLnt of finanLial actiTr'itics immcdiatcl!- unlcss thc dcrii'atii"c is dcsignatcd and cffccliC as a hcdging instrument, in ii'hich ei'ent the timing of the recogniiion in stsiemenl of financial activities depends on the nature of the hedge relationship. Fuir value medsurement The best eN'idence ot tair i'alue is a quoled price tor an identical asset in an actii'e market. When quoted prices arc unai'ailablc. thc pricc of a rcccnt transaction for an idcntical a5SCt proi.idcs cN"idcncc of fail. waluc as long there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. Ir ihe markel is not aciii'e and receni iransaciions of an ideniical asset on Iheir owi) are not a good esiimate ot-fair 'a]lle. the fair i'alue is estimaied bi. using a i'aluation technique. 2 Income from donations Unrestricted funds General Elldowtllent funds Permanent Reslrieted funds Total funds Donations- Donations and Icgacic5 Forgotten EX)or of the world Christmas draii Gift Aid Capital donations 647218 94.500 741.718 5.259 3.501 9.953 763.0(M) i.2)9 3.iol 9.9)3 763.000 Tolal for 2023 665.9) I 94.500 76).000 1,523.4) I Total for 2022 )90.J69 406.210 796.579 Page 18
An Invitation To Love Jesus Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) 3 Income from other trading activities Unrestrieted funds General Total funds Income trom trading act1.1t]eS- Sale ofdonated second hand clothes Printing salcs Religious shop {St. Joseph's) sales F4uestrian centre income Video royalties 4.568 17.864 4.568 17.864 22.2)4 22.254 iO.539 50.)39 4.602 Total for 2023 99.8?7 99.827 Tolal for 2022 107.663 107.663 4 Other income Unrestricted funds General Restrieted funds Total 2023 Total 2022 Bank- intcrcst 42 481 i23 6) S Cost of generating funds Unrestricted funds General Restrieted funds Total 2023 Total 2022 Printing supplies Religious shop (St. Joseph's) purchases Oiher costs of generating fvnds 9.485 15,028 24,513 26.880 l i.833 5iO 15.833 550 17.645 2).868 15.028 40.896 44.i2i Page 19
An Invitation To Love Jesus Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) 6 Expenditure on charitable activities Charitable expenditure Unrestricted fund5 General Totsl 2023 Total 2022 Donations Donations to the Forgotten Pl)r of the World Hospitalitv Music ministry Photograph). Viral .]de0 Pilgrimage Equcstrian activ"itiC5 {Youth out-rcach) Rccrcational actii'itics (Youth out-rcach) 120 i.905 5,90) 16,198 5.99) 6.233 8.272 13,881 .408 8,944 4.633 16.198 i.995 6.233 1.4il 1,4il 49.796 18.08) 49.726 18.08) 57.10) 183 10).98J 10).98J 94.)46 Page 20
An Invitation To Love Jesus Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) Support eosts Unrestricted funds General EndoThmeDt funds Permanent Restricted funds Total 2023 Total 2022 Nole SiatT cos Wages and salaries Audit fees Audit ofthe Financial statcmcnts IOi.3i5 2.91) 108,270 89,705 6.0 6.0 3.087 Bank charges Depreciation. amortisation and other similar costs Forcign currcncv (gains)Ilosses IndcpLndcnt Examiner's remuneration Insurancc Legal fees Light & heat Luan intcrc5t 3.087 22.144 118,)47 IOJ.092 10.119 10.119 681 10 3.804 12.118 3.8( 12.118 183 2.882 12.360 183 80 27.382 31.227 235 Motor expenses Oiher interest pa)'able Postage Rates 25.094 2).094 102 24,814 102 17.600 14.117 21.411 11.8)6 11.856 {1.942) 83.682 11.455 16.426 7.190 Rcnt {1:9421 83.682 11.4)) 16.426 25.221 85,581 Repairs Sialionery, and printing SundTr' cxpcnditurc Telephone and fax TraN'el and subsistence 7.720 16.96) 7.720 16.965 6.268 6.224 4i3.209 17.Oi2 22.144 492,38) 440.810 Page21
An Invitation To Love Jesus Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) g) Other costs of generating donations and legaeies Total funds Note 8 Trustees remuneralion and expenses No trusiees, nor an persons connected il'iih them. have receii'ed ani. remuneration from the chariti, during the year. No trustees hai-e receiN'ed an!, reimbursed expenses or an!. other benefits from the charity during the year. Page 22
An Invitation To Love Jesus Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) 9 Staff costs The aggregate pajroll costs ii.ere as follows: 2023 2022 Staff costs during the year were: Wagcs and 5alaric5 108.270 89.70) Thc monihl!. ai'cragc numbcr of pcrsons (including scnior manaqcmcnt / Icadcrship tcaml cmplojcd by thc charily during the lear e.xpressed as full time equiialents ilas as folloiis: 2023 2022 Printing Equestrian No cmploycc rcccivcd cmolumcnts of rnorc than £60:000 during thc N'car 10 Independent examiner's remuneration 2023 2022 F.xamination of the financial statements 2.8 2,094 Other fees to examiners Fcc paid t-or local compliancc in Poland 914 788 Independent Examiner s remuneration 2.882 1 l Auditors, remuneration 2023 Audit of the financial staiements 6.0(X) 12 Taxation The charity is a registered charitv and is theretore eNempt from t&Nation.
An Invitation To Love Jesus Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) 13 Tangible fixed assets Land and buildings Furniture and equipment Other tangible red asset Motor vehicle5 Total Cost At l January 2023 Addilions Disposals 2,286.369 763,01)0 772)9 70.398 307,836 45.038 2,741,862 862,015 {29.461) i3.977 (29.4611 At 31 Dcccmbcr 2023 J.049.369 77.2)9 94.914 352,874 J,574.416 Depreciation At l January 2023 Charge for the year Lliminated on diswsals 416.111 61.042 22.)44 32.688 166.i49 37.229 637.892 114.106 i.462 10.373 {12a20) {12.220) Ai 31 December 2023 477.1 i3 28.(K)6 iO.841 203,778 739.778 Net book value At 31 Dcccmbcr 2023 2.i72.216 49.2)3 64.073 149.096 2.834.638 At 31 December 2022 1.870.258 i4.71) 37.710 141.287 2.103.970 14 Stock 2023 2022 Stocks 6.835 5.975 15 Debtors 2023 2022 VAT rccovcrablc Other debtors 11.)71 345 5,452 345 11.916 5.797 16 Cash and cash equivalent5 2023 2022 Cash at bank 260.275 38,624 Page 24
An Invitation To Love Jesus Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) 17 Creditors: atllounts falling due within one vear 2023 2022 Bank loans Trade creditors Oiher taxation and social securily Accrua15 3.322 31.375 4.011 18.096 14,105 1.722 13.760 i6.804 18 Fullds Balanee at 31 December 2023 Balance at I Januar). 2023 Incotlling resources Resources expended Unrestrieted funds General 1.698.234 765.800 (58).060) 1.880.974 Restricted funds 94.981 {32.060) 62,921 Endowment funds Pemanent )99.)26 122.144) 1,140.182 Total funds ?.097.i60 1.6? j.781 1637.2641 3.084.077 Balance a¢ 31 December Balance at I Januar). 2022 Incoming resources Resources expellded 2022 Unreslrieted funds General .77).136 498.097 {572.9971 1.698,2J6 Endowment funds Pemanent 406210 (6,8841 399.326 Total fund5 -77J.136 904.J07 {579.8811 2.097.562 Page 2)
An Invitation To Love Jesus Notes to the Financial Statements for the Year Ended 31 Deeember 2023 (continued) 19 Anatysis of Det assets between funds Unrestrieted funds General Total funds at 31 December Restricted funds 2023 Tangible fixed assets Curreni assets CutTcnt liabilities 2.8i4.638 2,834.638 279.026 {29.590} 217.7il {29.i90) 61.275 Total net assets 3.022.799 61.27) 3.084.074 Unrestrieted funds General Total funds at 31 De¢ember 2022 Tangible fixed assets Curreni assets Currcnt liabilities 2.103.970 2,103.970 50.396 {56.806) {i6.806) Total net assets 2,097.560 2,097.560 20 Related party transactions During the year the charilN' made the follo%*ing related part) Iransaciions: All the staff are related to two of the trustees "I'he aciivitv of charit) is supported b) ils i'olunteers. and il is not unusual for iolunteers be relaied io some or the trustees. When a paid emploN'ment posiiion is being considered then the charits. first looks to its pool ot 'olunteers tor possible candidaies. The i'olunteers are all committed to ihe religious ethos of the charity,, I4'hi¢h is considered a vital qualitication b!" the trustees. and the!" Ivill haie experience of workino Th'ithin the charity.. Anv offer of emplovmeni and relaied salar%. is approi'ed bi. a meeiing of the Irusiees bv secrei ballol. Any related trustees leai-e an). meetino betore an!. discussions on the emplol'ment of their relative and the secret ballot. Page 26