Ch41ity Registration No. NIC 101476 Company Registration No. Nl 618382 (Northern lieland) CHRISTIAN FELLOWSHIP CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 PAGES FOR FILING WITH REGISTRAR
CHRISTIAN FELLOWSHIP CHURCH CONTENTS Page Charty reference and admlnistrative delai15 Directors, report Independent auditorfs report 7-10 Statement ol financial artivitie5 (incorporating the Incomg and Expend51uTe Accounti 11 Balance sheel 12 Statement of cash fiows 13 Notes to the financial statements 14-25
CHRISTIAN FELLOWSHIP CHURCH LEGAL AND ADMINISTrATIVE INFORMATION Dlreclors Ewan Boyle Neil Gamble Richard Gardiner Colin Stewart John Lander Operations manager Aflene McDowell Charlty number NIC 101476 Company number Nl 618382 Registgred office 10 Belmont Road Belfast Co Down BT4 2AN Independent Audllor Johnston Kennedy DFK 10 Pilots Vi8W Registered Audrtors Heron Road Bellast BT3 9LE Admlnlstratlon address 10 8&lmont Road Belfast Co Down BT4 2AN Bankers Ulstèr 8onk Arches Retail Park Belfast BT5 4AF Sollcllors Stephen Perrott & Company SOlbt0rs 49 High Street Holywood Co Down BT18 9A8
CHRISTIAN FELLOWSHIP CHURCH DIRECTORS. REPORT (INCLUDING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 The directors have pleasure in presenting their report together wrth the audiled financial statements for the year ended 31 December 2022. The directors have adopted the provisions ol the Statement of Recommended Practice ISORP)"Accounting and Rèporting by Charities. IFRS 102) in preparing the annual report and financial statements of the charity. Direclors The following direclo15 have held office since 1 January 2022-. Ewan Boyle Neil Gamble Cclin Stewart Richard Gardiner John Lander Jill 8oyd (Appointed 12 December 2021, resigned 1 April 20221 Dlrectors, Intere8t8 None of the directors of the company held a beneficial Interest In the assets ol the company There were no emoluments paid to directors dunng the current year. Dlrgctors did not claim any expenses during the current year in their capaety as dlre¢tors. Structure, gov•rnanrx and management Christian Fellowship Church Is a company Ilmited by guarantee, incorporated on 13 May 2013. and registered with The Charity Commission for Northern Ireland on 11 March 2014. It is govemed by its Memorandum and Articles of Assoelation. Organ15atlonal structure The company Is not for Pfofrt and limited by guarantee, the liabilty of the members is limited to £1 The organ158tion is governed by rts Elders who meet regularly. Oay-to-day management actwitles are cogTdinatgd through the Operations Manager and the Operations Team. The Operations Team consists of senior staff members Appointment5 to the Opeiations Team are approved by the Elder5. The Elders who seNed in 2022 were.. Jill Boyd Ewan Boyle Neil Gamble Richard Gardiner Andrew Gibson John Lander Arfene McDowell Kathryn Purcell Colin Stewart In line with the policy that no staff elder should be a director of CFC, Jill Boyd resigned Irom her position as director in 2022. when she was appointéd as Interim Pastor at CFC Inner East. Neil Gamble Icok a sabbatical break from elder5hip in 2022 and will be returning lo the role in late 2023 or early 2024. New directors are brieled on their legal obligations undèr charty and company law, the content of the Memorandum and Articles of Association, the ComMee and decision making process, the operatnal plan and recent financlal position of the chanty. They are free to dtscuss any Issue with other directors or key employees Directors are encouraged to attend any appropriate external training events where these will facilitate the undertaking of their role
CHRISTIAN FELLOWSHIP CHURCH DIRECTORS. REPORT IINCLUDING THE STRATEGIC REPORT) (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022 Prlncipal Objectivo¥ and actlvltles Chnstian Fellowship Church is a Christ centred community dedicated lo impacting Belfast, Ireland and the nations wrth the love of God in the power of the Holy Spirit. CFC is a group of people from all background5 who are walklng In God's grace and are on a joumey of transformation with Him. We believe that God has called us to Impact our cty, our country and the nation5 Wlth the love of Jesus and the power of the Holy Spirit. This is the foundation fof evehIng we do. We are passionate about seeing people growing in their relationship with God ar¢d to do thls we meet together every Sunday to worship God and to experience a relevant and powerful message, which teaches truths from the Bible and a150 during the week to further develop and explore God's truth for us and our worfd. These alongsidè courses such as Alpha and the Marriage Course continue to provide opportunities lor individuals to grow in their faith. In setting our objectives and plannin9 our activitie5 for the year the direclor5 have glven careful consideration to the Cherity Commission for Northern Ireland'5 guidance on public bonefrt lo ensure that the activrties have helped to achieve the charity's purposes and provide a benefil to the beneficialies. Tha Christian Followship Church uses members of the Church community to provide some ol the seNices above Any private benefrt received by the members Is puraly Incldental to the purposes ol our work. Publlc benefit statement CFC'5 missions statement is "lo be 8 Christ cèntred community dedicated to impading Belfast. Ireland and the nations with th• lov• of God in tha power ol the Holy Spirrt." We believe that bringing people into a relationship with Ggd wlll allow them to live the way they Vre meant to and that this in turn has an impact on Our society, ¢hildren, relationships, economy elc. In each of our 5rtes we want to 'be a communlty,, providing a place where people can belong and become who God intended them to be, and lo 'bless 8 community,, by contributing to the spiritual. Social, economic and physlcal need of our city, n81ion and beyond. To do thi5 we run a variety ol programmes and activities that include children's and youth work, community outreach, food bank, a professionally accredited coun5elling service, support lor parent5 and marrlages, community space for meetings and overseas development work. We believe that GDd has called us to impact our city, our country and the natlons wrth the love ol Jesus and the power of the Holy Spirit. Thi5 15 the foundation for everything we do.
CHRISTIAN FELLOWSHIP CHURCH DIRECTORS. REPORT (INCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Key Developments 2022 was a year that saw the easing of the pandemic restnetions aeross the UK. allowing us to return to relative normality within CFC Although our media team did a fantastic job of keeping our communrties connected via our Online seNices for 2 years. as we moved away from online sessions, masks, and social distancin9, rt was so good ID be able lo meet again in pet50n. and gather in our various congregations. across our 51tes. It was a year ol rebuilding community and deepening relab'onships wilhln CFC. and a year when we saw members returning. with new families and individuals joining Lts. Many of the newcomers had watched our services online dtjring the pandÉmi¢ and already lelt connected tc CFC. At the Exploring Membership evening in June, around 70 people came, wanting to find out morè about becoming mèmbers ol CFC. At the end ofthe year. we were dellghted to welcome over 1,000 people at the special Christmas Service at East. One of Our main focuses in 2022 was on Connect Groups. Wè appointed Ryan Karayiannis as Connect Pastor during the year to strengthen, develop and support our Connect coordinators and leaders across all the srtes, and provide resources for the groups. Under his leadership we saw the number of Connect groups grow. and the number of people joining the groups increase too. In CFC Antnm, the refurbishmant work was finlshed on our newly purchased premises. and the first sunday service was held in the building in July 2022. As well as providing an èxcellent meeting space for thè CFC congregatlon every week, the new Antrim building opened its doors to partner with local charities including Oasis Antrim, foodbanks, and Anliim Council, and also provided a room lor a community advi50r to help people on benef CFC HOl00d saw the appointrnent of a new Pastor In September 2022, Carl Mcmanus Carl took over the fole from Andrew Gibson. and as he had prévlously seNed on the CFC Holywood's leadership leam. the transrtion was incredibly smooth Under Carl's leadership CFC Holywood thrived, $0olng an Influx of now famllios and pre4ovHI ministries restart again. CFC Inner East continued lo meet in the Ballymac Cenlre throughout 2022. Slte Pastors Leanne and Thomas Todd took a well.eamed short sabbatical during the year, wrth Jill and Aaron Boyd stepping in temporanly to pastor the congregation there. The church stayed closaly involved with the local community projects and remained dedlcated to serving the people living in the surrounding area. CFC South worked on strenglhening relation5hlps and community ties in 2022, a5 they partnered closely with the YMCA to reach out into the local neighbourhood They ran Community Fun Days and varlous speclal events and saw an encouraglng grovAh In both klds and young people attending their weekly programmes. SLC had been badly impacted by the covid masking restrictions, but they continued to meet during 2022, led by site PastcrAdam Mccormlck and the ¢gre team member5. CFC was able to mainlain its connections wrth its Inission pertners throughout 2022 in India, Thailand, Asia and Portugal, providing financial support and even sending out volunteer teams. Locally CFC partnered Wbth Oasls, CAP, Alpha. The Larder, Food Banks, Life House. Home Plus. and a local school to name but a lew, as part ol our call to help people find and follow Jesus In November 2022 our congregations raised an amazin9 £74,000 in the Compassion Appeal to bless individuals and families In need. The figures contained in these accounts once again reflect the farthlulness of God and Ihe Incredible ongoino generosity of the CFC members. This generosity, combined with lower operating costs due to restricted church aets'viliès. has resull•d in a surplus of fvnds for the year. Rlsk managemenl The directors have a risk management strategy that is implemented by the Operations slall and escalated to the directors as appropriate. this comprises a regular review of the risks thè company may face- the establishment of systems and procedures lo manage those risks identified in the plan.. and the implementation of procedures designed to minimi5e any potential impact on the company should those risks materiali5e,
CHRISTIAN FELLOWSHIP CHURCH DIRECTORS, REPORT (INCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Flnanclal revlew The results are set out on pages 11 to 25. Christian Fellowship Church generated a net unrestncted surplus for the year of £168,12512021'. net unrestricted sU1S of £264,710) The level of free reserves at 31 December 2022 was a surplus 01 £145.82212021'. surplus of £315,821), Investments power and pollcy Under the Memorandum and Article5 oIA55QClation, the charty has the power to invest its unrestricted fund$ in any way the Directors consider appropriate. The Directors have operated a policy of ensuring that any re5erye fund5 are hèld in an Interest bearing account. Reserves lev•1 The Directors continue to remew and monitor the Teserves ol the Company This encompa55e5 the nature ¢1 Income and expenditure strearrts, the need lo match variable income wilh fixed commstm&nts and the nature of the reserves To enable the efficlenl and effèctive managèment of the charrty the directois have determined that free reserves at a level In excess of three months operating costs should be held. At the year end free reseNes amounted to t145,822 which equates to over 1 rrnnth operatlng Costs Annual budgets are prepared and rmnrtored on an ongoino basis lo ensure free reserves are managed In line with th15 reserve policy Plan# for future perlods After the lifting ol the covid restrictions in 2022, the focus in 2023 is to bring people togèthèr again within all ol our ongregations and build up our church communities We will continue to 9ather in person, each week, at all ol our sites, restarting those ministries that were 5U5pended duTOng the pandemlc, and developing new ones We will continue to invest in our online Sunday seryices. as we endeavour to #ay ¢onnected to 811 the people who watch regulorly, and we will also partner with local people, communities, charrties and groups In Our neiohbourhoods and overseas. The Elders, as always. continue to monitor the church finances to ensure the best use ofour re50urce5. Employee Involvement Our staff have once again proved their wonderful value to CFC and thé elty Their sacrifice. commitment, energy, sdom and love is beautiful to walch We Ihank God for them and for 811 the volunteer5 that make thè mlnistry of CFC possible. Relerence and adminigtrallvè detall• The organisations, details are as disclosed on the company inlomiation pagè.
CHRISTIAN FELLOWSHIP CHURCH DIRECTORS. REPORT IINCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Dlre¢lor5' Responsibilitie5 The directors are responsible for preparing the Directors, Report and the financial 51alements in accordance with applicable law and regulations. Company law require5 the directors to prepare financial statements lor each financial year Under that law the directgfs have elected to prepare the financial 5talements in accordance with Unrted Kingdom Generally A¢cepled Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satlsfied that they give a true and fair view of the State of affairs of the company and of the incoming resources and application of resources, Including the income and expenditure of the company for that period. In preparing these financial slalements, the direclor5 are required to select suitable accounting policies and then apply them consislontly. observe the methods and pnnciples in the Charits'es SORP 2019 IFRS 102). make judgements and 8ccounting estimates that are reasonable and pnjdent. stal& whethèr applieablo UK Ae¢ounting Standards have been followed, subject to any matenal departures disclosed and explained in the financial 5talements- prepare the financial 5talement5 On the going concem ba515 unle55 It is inappropnate to presume that the company will continue in operation. The directors are responsible for keeping adequate accounting records that are suificK?nt to show and explain Ihe company's transacb'ons and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them lo ensure Ihal the financial statements comply wrth the Companies Act 2006 They are also responsible for safeguarding the a55e15 01 Ihe company and hence for taking reasonable steps for the preventvJn and detection ol fraud and other irregularities. SLgtement of dlsclosure to the audftor We, the directors ol the company who held office 81 the date of approval of these Financial Statements. as set out bove, each confirm so far as we are aware, that.. There Is no relevant audit Information of whlch the corrpiny's audrtors are unaware, and We have taken all the st8PS that we ought lo have taken as dlrectors In order to make ourselv•$ awar4 01 ony relevant audrt Information and lo &stobli$h that tho company's audrtors are aware of that infomiation. Polltical and charilable donallon¥s During the year the company paid over £134,760 12021 £93.672) lor mission support and the company made onations lor misslons gifts 01£80.665 <2021. £84.4861 and honoraria amountsng to £17,112 (2021. £13,760) and no political contributions Audltors The auditors, Johnston Kennedy DFK, are deemed to be re-appointed under Section 487 {2) of the Companies Act 2006 On behal of the board Ewan Boyle Director
CHRISTIAN FELLOWSHIP CHURCH INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHRISTIAN FELLOWSHIP CHURCH Oplnlon We have audited the financial statements ol Christian Fèllowship Church (the 'chanty'l for the year ended 31 December 2022 whlth ¢omprise the statement of financial activities, the balance sheet. the statement of cash fiows and the notes to the financial ststements, including a summary of Signlficant accounting policies. The financial reporting framework that has been applied in their preparation 15 applicable law and United Kingdom Accounting standards. including Financial Reporting Standard 102 The nancIal Roptybng St8ndanY applicable in the UK and Rapublic of Ireland (United Kingdom Generally Acc8pted Accountin9 Practice). In our opinion, the financial statements.. give a true and fair view of the 5tste ol the Chantable company's affairs as at 31 December 2022 and of it5 incoming r8sourc85 and appllcation ol resource5, including its income and expenditure. for the year then ended.. have been properly prepared in accordance wrth United Kingdom Generally Accepted Accounting Pradice.. and have been prepared in accordance with the requirements ol Ihe Companies Act 2006. Baslg for oplnion We conducted our ouéit in accordance wbth Intemational Standards on Auditing IUKI (ISAS IUK}i and applicable law, Our responsibilities under those standard5 are further de5crlbod in tho Auditor's r•sponsibilili&s for the audit ol the ffnancial slalèmenls sectlon ol our report. We are independent of the charbty in accordance with the elhical rèquirements that are relevant to our audit of the financial 5tatement5 in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical fesponsibllikn'es In accordance with these requirements. We believe that the audit evidence we have obtained is sufficlent And appropriate to provide a basis for our opinion, Conclu5k>ns relatlng to golng concern In auditing the financial slatemenls, we have concluded thatthe directors, use of the going concem basi5 of accounting in the prèparation of the finoncial statements is appropriate. Based on the work we have perfomed. we have not identified any material uncertaintie5 relating to event5 or condilions that, Indwidually or collectively. may cast significant doubt on the charity's ability to ¢onllnuo a$ a going concern for a period ol at least Iwelve months from when the finan¢ial statements are authonsed for issue Our responsibilities and the responsibilrties of the directors wrth respect to going concern are dèscribed in the relevant sections of this report. other Inlof m3tlon The diredors are responsible lor the other inlormalion. The otheT informaln comprises the inlormation included in the annual report. other than thè finBncial statements and our auditor's report Ihereon Our opinion on the financial statements does not cover the other information and. excepl t¢ the extent othe1$e eXplicY stated in our report, we do not express any lorm of assurance conclusion thereon. In connection with our audit ol the financial statents, our responsibility is to read the other Information and. in doing so. consider whether the other inforynation is materially Inconsistent wsth the financial 5tatemen15 or our knowledgè obtained In th& audit or otheiSe appears to be materially misstated 11 we idgntily such rnaterial Inconsistencies or apparent material misstatements, we are required to determine whether there is a material mi55tatemenl In the financial statements or a material misstatement of the other information If, based on the work we have performed. we conclude that there 15 a Thwterial mi551alement ol this other information, we are required to report that fact. We have nothing to report in this regard.
CHRISTIAN FELLOWSHIP CHURCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CHRISTIAN FELLOWSHIP CHURCH Oplnions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audrt-. the information given in the directors, report, which includes the strategic report prepared for the purposes of company law for the financial year for which the financial statements are prepared is consistent wth the financial statements., and the directors, report included within the Strategic report has been prepared in accordance with applicable legal requirement5. Matters on whlch we are requlred to report by exceptlon In the light of the knowledge and understanding ol the company and rts environment obtained in the course of th& audit, we have not identified material mis5tatemenls in the Strategic Report and the Directors, Report. We have nothlng to report in respect of the following matters where the Companies Acl 2006 requires US to report to you rf. in our opinion.. -adequate accounting records have not been kept. or returns adequate for our audit have not been received., or -the financial statements are not in agreement wrth the accounting records and returns.. or -certain di5c105ures of director5, remuneration specified by law are not made, or e have not received all the infomwtion and explanatsons we require for our audit. R•spon8lbllitlg1 of dirKlors As explained more fully in the 5latem&nt of direclor5' responsibilitie5, the director5, who are a150 the truslees of the charrty for the purpose ol company law, are responsible lor the prèparation of the finanrial statements and lor being sat15fied thal they gNe a true and fair view, and lor such Internal control as the directors deternine is necessary to enable the PTep8ration of financial staterr*nls that are Iree trom material misstatement, whether due to fraud or error. In preparing Ihe financial slat¢ment$, the directors are responsible for a55e55ing the charity's abllity to contlnue as a going concem, disclosing, as applicable. matter5 related to going concern and using the going concem basis of accounting unle55 Ihe directors either intend lo liquidate the charitable company or to cease operations or have no reallstic atternative but to dD SO,
CHRISTIAN FELLOWSHIP CHURCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CHRISTIAN FELLOWSHIP CHURCH Audllorfs responslbllltles far the audlt of the flnanclal statements Our obl8ctives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemen( whether due to fraud or error, and to Sssue an auditor's report that Includes our Opinn. Reasonable assurance is a high level of assurance but is not a guarantee that an audbt conducted In accordance wrth ISAS (UK) will always detect a material misstatement when it exists. Mi5stalement5 can arise from fraud or e0[ and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis ol these financial statements Irregularrties. including fraud, are instances ol non4ompliance with law5 and regulations We design procedures in line with our responsibilrties. outlined above, to detect malenal misstatements in respect of Irregularrti?s. Including fraud. The exlent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. the nature ofthe industy and sector. control environmenl and performance,. results of our enquiries ol managèment about their own identification and assessment of thè n"$ks of irregularities: any matter5 we identified having obtained and reviewed the charitable company's documentation of their policies and procedures relating to.. identifying, evaluating and complying with laws and regulations and whether they were aware ol any instane8s of non-compliance., detecting and responding to thè risks ol fraud and whether they have knowledge of any actual, Suspected or alleged fraud: the Internal controls established to mitigate risks of fraud or non-compliance with laws and regulation5', the matters discussed among the audit engagement team and relevant intèrnal specialists whèro necessary regarding how and where fraud might occur in the financial statements and any potential indicators ol fraud. As a result ol these Pfocedufes, we considered the opportunities and incentives that may exist within the organisation for Iraud. In common with all audrts under ISAS IUKI, we are also required to perfomi specific procedures to respond to the risk of management override. We also gbtjlned an underntanding olthe legal and regulatory frameworks that the charitable company operates in, focusing on provisions of those laws and regulatlons that had a dlrect effecl on the delermination ol material amounts and disclosures in the finarscial staternenls The key laws and regulations we considered in thls context included the Companies Act 2006, the Charrties Act (Northem Ireland) 2008 and Taxation Legislation. In addition we considered provisions of other laws and regulations that do not have 8 direct effect on Ihe financial stalempnts but compliance with vthich may be fundamental to the chantable company's ability to operale or to avoid a matenal penalty As a result of performing the above our procedures to respond to risks idenlified included the following: reviewng the financial statement disclosures and lestin9 to supporting documentation to asSa$$ compliance with provisions of relevant law5 and regulations described as having a direct effect on the rinanGial 518tements. enquiring of management concerning actual and potential lOtOgatson and claims performing analytical procedures to identify any unusual or unexpected rélationships that may indicaté risks of material misstatement due to fraud. reading minutes of mèetings of those Charged with governance and reviewing coesPOndence with HMRC',and In addressing the nsk of fraud through managefflenl override of controls, testing the appropriateness ol journal entrie5 and other adjustments. assessing whether the judgements mad8 in making accounting estimates are Indicative ol a potents.al bias. and evaluating the business rationale ol any significant transactions that are unusual or outside the normal course of business We also communicat&d relevant Identified laws and regulations and polential fraud ri5k5 to all ongagement team members. including internal specialist5. and remained alert to any indications of fraud or non-coMplnCe with laws and regulations throughout th8 audit. A further descriptlon ol our responsibilrties 15 available on the Financial Reporting Council's web5rte at.. https 11 w frc org.ukJauditorsresponsibilities, This descnption foms part of our auditor's reporL
CHRISTIAN FELLOWSHIP CHURCH INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE MEMBERS OF CHRISTIAN FELLOWSHIP CHURCH This report is made solely lo Ihe charity members, as a body, In accordance wrth Chapler 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charty members those Matttr we are required lo state to them In an audrtorf5 report and for no other purp05e. To the fullest extent permitted by law, we do nol accept or assume responsibility to anyone other than the charrty and the ch8rty mèmber5 as a body, lor our audit work, for this report, or for the opinions we havé formed. James Gage (Senlor Stalutory Audltor) for and on behalf of Johnston Kennedy DFK statutory Audltor Chartered Accountants Reglstered Auditors 10 Pllots Vlew Heron Road Belfast 8T3 gLE Date: ..V!1/1/.s•*J 10-
CHRISTIAN FELLOWSHIP CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestr]cted Restrlcted fvnds funds Total 2022 Total 2021 Notes Income and endowments from: Donations and legacies Charitable activities Other trading actNrties Investmen15 Olher income 1,009,965 42.327 411 28.096 260,308 1,270 273 1.228,869 323 42.650 20,087 411 28.096 2.400 21,109 90,737 2,400 Totsl incoming fesour¢e$ 1,080,799 263,031 1,343.830 1,360,802 ndlture on: Raising funds Charitable aclivrties 21,398 891,276 5.880 343,039 27,278 29,808 1,234,315 1,074,958 10 Total rèsources expended 912.674 348,919 1,261,593 1.104,786 Nel gains1(lossesl on investments 14 112.269 112.289 Transfer between funds 20&21 {97.653} 97,653 Net movement In funds 70,472 124,034 194.506 256,036 Fund balancès at 1 J•nuary 2022 2.044.799 852.628 2.897,427 2,441,391 Fund balance5 at 31 D¢Mr 2022 20&21 2,115.271 776,662 2,891,933 2,697,427 Contlnulng Operatlon¥ The slatement of financial actbvltie5 has been prepared on the b8si5 that 811 operations are continuing operations Comparatlves The Gornparative arrUnIS by lund5 have been di5clo5ed in notes 2 & 3 Total recogn15ed galns and losses There are no recognised gains and losses other than those passing through the Statement of Financial Acts'vities Hlstorlcal cost The results as disclosed in the Statement of Financial Ackn'vities and the net incoming resources for the year have been presented on an historical c05t basis. The notes on pages 14 to 25 form part of these financial statements 11
CHRISTIAN FELLOWSHIP CHURCH BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Notes Flxed assets Tangible assets Investment properbes 15 16 2.304.585 680,000 1,799,554 567,731 2.984.585 2,367,285 Current assets Debtors Cash at bank and in hand 17 45,250 312,249 31.047 475,388 357,499 $06.435 Credltors: amounts falllng due wlthln one year 18 {117,5851 {61,5581 Net current assets 239,914 444,877 Total assets less current Ilabllltles 3.224,499 2,812,162 Credltors: amounts falllng due after more than one year 19 1332,5681 1114,7351 Net as8et8 2,891,933 2,697,427 Income fund$ Restricted funds Unrestricted lunds 20 21 776,662 2,115,271 852 628 2,D44.799 22 2.891,933 2,697.427 The financial statements were approved by the Directots and authorised lor issue on 3rfTr/x•33.. and signed on its behall Ewan Boyle Dlrector Rich Dlre d Gardlner or Company Registratlon No. Nl 618382 Charlty Reglstratlon No. NIC 101476 The notes on pages 14 to 25 form part of these financlal statements 12-
CHRISTIAN FELLOWSHIP CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Note¥ Cash flows from operating activitles Cash generated from operations 27 45,829 280,485 Investing activities Purchase of tangible fixed assets Income from investments (539.278) 28,096 {221,1411 21,109 Nftt cash used In Investlng actlvltles 1511,182) {200,0321 Financlng actlvities Proceeds ol new bank108nS Repayment of bank loans 283.703 (31,4891 117,745) Net cash generated fronbl{used Inl financlng actlvitles 252.214 {17,7451 Net Idecreaselllncrease In cash and cash equlvalents 1163.1391 62,708 Cash and cash equlvalènts at beginning of year 475,388 412,680 Cash and cash equlvalents at end olyear 312.249 475,388 13-
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng pollc6es Charlty Inforniation Christian Fellowship Church is a private company limited by guarantee incorporaled in Northem Ireland The registered office and principal office is 10 Belmont Road, Belfast, Co Down, BT4 2AN The nature of the charty's operations and principal activities are gwen in the directors, report on page 3 01 these financial statements. 1.1 Accountlng convèntlon The charity constitutes a public benefit entty as defined by FRS 102. Th¢ financial 5taternents have been prepared in accordance with Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable lo charities pieparing their accounts in accordanca wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (second edition October 20191, the Financial Reporting Stand8rd applicable in the Unrted Klngdom and Republic of Ireland IFRS 1021, the Charitie5 Act (Northem Ireland) 2008, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019. The financial statements are preparèd In sterling, which is the lunctional currency of the chanty Monetsry amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The significant accounting polScles applied in the preparation ol these financial statements are set out below These policies have been conststently applied to all years presénted unless otherwise slated 1.2 Income and expendftuT• Income is recognised when the charity 15 legally entitled to it after any performance cond10n5 have been met. the amount5 can be measured reliably, and it 15 probable that income will be received. All expenditure is accounted lor on an accruals basis and has been classified under headings that aggregate all costs r8lated to the category. The majonty tsf cost5 are directly attributable to charrtable adivitie5. ere costs cannot be directly attributed to particular headings they have been allocated to charitable actwities on basis con5iStenl with use of the resource5. Staff costs and overhead expenses are allocaled to actmties on the basis of staff tsme spent on those adivities 1.3 Support Costs Suppcrt ¢0St5 are those functions that assist the work of the charity but do not directly represent charrtable activities Support CQ515 include back office costs. finance. human re50urce5, payroll and governance costs which 5UPPOrt the charity's aclwities. These costs have been allocat&d against the expenditure on charitable 8Ctwitles 14-
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng pollcles (Contlnued) 1.4 Fund Accountlng The ¢harrty has different types of funds lor which rt is responsible, and which require separate disclosure These are as follows lal Restricted funds - Funding received which can orly be used for 8 $pecifi¢ purpos• as determined by the funder Such purp05e5 are within Ihe overall aims of the organisalion and are set out in the notes to the financk11 ststements Ibl Unrestricted fvnds- Funds which are expend8te at the discretion of the directors in the furtheranc8 of the objectives of the charty. In additson the funds may be held In order to finance capitsl investrnent and working capltal. 1.5 Tanglble fixed assets Tangible fixed assets are stated at Cost less depiéciation Deprecialon is provided at rates calculated to wrrte off the c05t le55 estimated residual value of each a55el over rt5 expecled u5elul Ilfe. as lollows FL%tures and equlpment Tenants Improvernent Property 20% Stralght line 20% Stralyht line Not depreclated 1.6 Leaslng Rentals payable under operatlng leases are charged against Income on a stralght line b8515 over the lease tem. 1.7 Investment properties Investment property whh Is propety held to earn renta15 andlor lor capital appreciation, 15 initially recognisèd at cost, which includes the purchase cost and any directly attributable expendilure. Subsequently it is measured at fair value at the reporting end dale. Th8 surplus or d&ficit on rèvaluation is recognised In profit or loss 1.8 Flnanclal In8trument$ The charity has elected to apply the provisions of Section 11 'Basic Financial Instntments. and Section 12 'Other Financial Instnjments Issues, of FRS 10210 all of rts financial instruments. Financial instruments are recognised in the charity's balance sheet when the charty becomes party to the conttaclual provlsion5 of the in51wrnent. Financial assets and liabilities are offset, wrth the net amounts prèsented in the financial statements, when there Is a legally enforceable right to sel off the recognised amounts and there 15 an intention to settle on a net basis or to realise the asset and settle the liabitsty simultaneously Basic Ilnanclal assets Basic financial assets, which include deblors and cash and bank balances, are initially measured qt transaction pric& Including transaction costs and are subsequently carried al arnrtised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the Iransa¢tion is measured at the present value of the future receipts dlscounted at a market rate of interest. Financial a55els classified as receivable wrthin one year are not amotts-sed. 15-
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng pollcles Icontinue(l) Baslc financlal Ilabilitias 8851¢ financial liabilities. including creditors and bank loans are inilially recogni5ed at Iransaction price unless the arrangement constitute5 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 liabilth'es classifièd as payabl8 wsthln one year are not amortised Debt Instrument5 are subsequently carried at amurt15ed cost, Using the effective interest rate method Trade creditors are oblig8tions lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts P8yable are classified as currènt liabilities if payment is due within C>n• year or less. 11 not. they are presented as non4uffenl Ilabilltie5. Trade creditors are recognised initially at transaction price and subsèquenlly measured at arrnrtised c05t Using the effective Interest method. 1,9 Pensions The company operates a defined contribution pension scheme. Pension contributions in r•sp&ct of the scheme for employees are charged to the profft and loss account as they become payable in accordance wrth the rules of the scheme. The assets are held separately from those ol the company in an independently administered fund. Dlfferences be*eeTr the amounts charged in the income and expendilure account and payment5 made to pension funds are treated as a65els or liabilities. 1.10 Taxatlon The company 15 a regtslered charity and is not Iwble to lax on funds generated from activrties within tha scope ol tho Charrtable exemptions.
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 statement of Flnanclal Actlvltles: Unrestrlcted funds 2022 2021 Notes Income and endowments from: Donations and legacies Income from charitable activities Other trading activitias Income from investments Olher income 1,009,965 42,327 411 28,096 986.543 19,086 21,109 55,737 Total Incomlng resources 1,080,799 1,082,475 Expendlture on: Raising funds Charitable acllvrtles 21,398 891,276 24,279 793,486 R¢sour¢?s expended 912.674 817,765 Net galn6 on Investments 14 Incomlng resources before transfer8 188,125 264,710 Transfer beeen funds 197,6531 (74,3801 Net movement In funds 70,472 190,330 Reconclllatlon ol funds: Total funds brought forward 2,044,799 1,854,469 Total funds Carrled forward 2.115.271 2.044.799 17.
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 statement of Financial Activitles: Restrlcted funds Notes 2022 2021 Income and gndowments from: Donations and legacies Charitable activIt5 Other income 260.308 323 2.400 242.326 1,001 35,000 Total incomlng resources 263.031 278,327 Expenditure on: Raising funds Charitable actiwties 5,880 343,039 5,529 281,472 Tolal resources expended 348,919 287,001 Net outgolng re8ource8 hfore transfers 185.8881 (8.6741 Net gains on invgstm•nts 112,269 Transfer between funds 97,653 74,380 Net Incomlnglloutgolng) resources 124,034 65.706 Reconclllatlon of lunds.. Tolal fund5 brought feard 652 628 586,922 Total funds carrled forward 776,662 652,628 Donatlons and legacles Unrestrlcted Reslrlcted funds funds Totsl 2022 Total 2021 Offerings Gift Aid Appeals and mlssional support 845.627 164.338 13,520 34.524 212.264 859,147 198,862 212,264 874.297 196,295 158,277 1,009.965 260,308 1,270,273 1.228.869 18-
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Charilable activities Unrestrlcted Restrlcted funds funds Total 2022 Total 2021 Fees and contributions 42.327 323 42,650 20,087 42.327 323 42,650 20,087 Other tradlng actlvltles Unrestrlcted Restrlcted funds funds Total 2022 Total 2021 Mer¢handise Contribution 411 411 Income from Investments Unr•strlcted R•strlcted lunds funds Total 2022 Total 2021 Rent and room hlre Bank interest 28 038 58 28,038 58 21,090 19 28.096 28,096 21,109 19.
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Other income Unrestrlcted Restrlcted funds funds Total 2022 Tetal 2021 Insurance income Government furlough support Income recovered Grant income 11,485 42,733 1,519 35,000 2,400 2,400 2.400 2.400 90,737 Insurance income Is monles receNed from Insurance company in relation to a clalm lor property damage. Government luflough sUPPOrt is monles due under the Coronavlnjs Job Retentlon Scheme for the year Income recovered relates to monles fecelved lo recover lost Income Grant com8 relates to monies due in the perlod Irom fundlng bodb5 Expendlture on raising funds Unreslrkted Restrlcted funds funds Total 2022 Total 2021 Propèrty management expense5 Property loan interest 21,398 21.398 5,880 24,279 5,529 5,880 21.398 5,880 27,278 29,808 10 Expendlture on charitable aGtlvltles Unrestrlcted funds Restrlcted funds Total 2022 Total 2021 Activrty costs Support Costs 759.006 132.270 341,766 1,273 1,100,772 133.543 952,927 122,031 891.276 343.039 1,234,315 1.074,958
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 11 Net Incomlng resources 2022 2021 Operating surplu5 IS stated aftef chargingllcredrtingl Depreciation of tangible assets Operating lease rentals Auditors, remuneration 34,247 2,412 1,430 31.830 2016 1.350 12 Employees Number of employees The average monthly number ol full and part time employees during the year was 2022 Number 2021 Number 24 24 Employm•nl costs 2022 2021 Wagos and salarie5 Social securty cost5 Other pension c05t5 Oiher employee benefits 538.467 46,329 18,323 6,404 522,835 39,088 19,257 5,584 609,S23 586,764 13 Dlrectors, Temuneration No dlrectors received any remuneratlon or were reimbursed expendlture from the charity during the year In their capacity as directors 14 Net galnsl(1085es) on investments ReBtrlcted funds Total 2022 2021 Revaluation of Investment propertie5 112,269 21
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 15 Tangible fixed assets Property Tenants Flxlures and Impfovements equ*ment Total Cost At 1 January 2022 Additions 1,710,128 514.693 82,021 425,426 24,585 2.217,575 539.278 At 31 Decembor 2022 2,224,821 82,021 450,011 2,756,853 Depreclatlon and Impalrment Al 1 January 2022 Depreciation charged in the year 61,821 5,553 356,200 28.694 418,021 34.247 At 31 December 2022 67,374 384.894 452,268 Carrylng amount At 31 December 2022 2,224,821 14.647 65,117 2,304,585 At 31 oernber 2021 1,710,128 20,200 69,228 1,799,554 16 Inve$tment property 2022 Falr value At 1 January 2022 Net gains or losses through lair value adjustments 587,731 112,269 At 31 December 2022 680.000 Investment propoty compris95 501gly of buildings The falr value ol the investment properties is not doemed to be materially different than the net book valu&. 17 Debtors 2022 2021 Amounts falllng due withln one year: Actbvily deblo Other debtors Prepayments and accrued income 8,553 23,044 13.653 1,610 17.836 11,601 45,250 31,047 -22-
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 18 Credltors: amounts falllng due wlthln one year 2022 2021 Bank loans Other taxation and Social security Operating credrtor5 other credrtofs Accruals and deferred incomè 52.128 89 25,371 700 39.297 17.745 5.742 14.4g4 700 22.877 117,585 61,558 The company's propety loans are secured by a legal charge over the properties at 179, 181. 183. 185 & 187 Holywood Road, Belfast, the company'5 Inlerest In 2 Lough Road Antrim and a debenture 19 Credltors: amounts falllng due after more than one year 2022 2021 Bank loans 332.566 114,735 Analysls of loans Repayable after 5 year5 Wholly repayable within 5 years Included in current Iiabilthes 83,187 301,507 152,1281 132.480 117,7451 332,566 114,735 20 Reslrlcted Income funds Balance at 1 January 2022 Incomlng Resources resource5 expended Trnnsfers Net galn on Investments Balance at 31 December 2022 Bulldlngs Acts42Day Missional Vision 20 20 435,250 24,653 191,660 1,065 400 18,663 243,968 {5.880) 116241) (326,425) 1373) 23.953 112,269 565,992 27.075 182,903 692 73.700 652,828 263,031 {348.919) 97.653 112,269 776,662 The transfer to building fund trom unrestncted lunds relates to propety loan repayments made trom rent received and an amount ol fund propety additions. The directors transferred £73,700 from general funds to support the missional activities of the church. The net gain on investments of £112.269 relates to the unrealised gain on investment lor properties 23-
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 21 Unrestricted Income fund5 Balance at 1 January 2022 Incoming resources Resources expended Transfers Balance at 31 December 2022 Unrestrided funds 2.044.799 1.080,799 1912,6741 197,6531 2.115,271 22 Analysls of net asset5 between fund8 Tanglble Net current Flxed assets assets Total 2022 Total 2021 Restrlcted Ineome fund5 Buildin95 Acts42Day Missional Vi8lon 20.20 565,992 585,992 27,075 182,903 692 435.250 24,653 191.660 1,065 27,075 119,146 63,757 692 630.441 146,221 776,662 652.628 Unrestrlcled Income lunds Designated funds Free reserves 1,969,449 1,969,449 1,728,978 145,822 315,821 145,822 1,969,449 145,822 2,115,271 2.044,799 2,599,890 292,043 2,891,933 2,697.427 23 Flnanclal cemmltments The company had no financi¥l commrtments a5 at 31 December 2022 and at 31 December 2021. 24 Capltal commltmonts 2022 2021 At 31 December 2022 the charrty had capital commrtments as follows. Contracted for but not provided in the financlal statements. Acquisition of propety. planl and equipment 26,960 25 Non*?udSt service provlslon In common wilh Many other charities of our size and nature we use our auditors to assisl with the preparation of the financial ststements. .24-
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Company Status The company Is a company limited by guaranteè and does not have share caprtal. Cash generated from operation5 2022 2021 SurPs for the year 194,506 256.036 Adiu5tmen15 for., Investment income recognised in statémènt of financial aetivrties Fair value gains and losses on investment properties Oeprgciats'on and impaiment of tangible fixed assets 128.0961 1112,2691 34,247 121.1091 31.630 Movernents In working capital.. Ilncrèa$evd•crease In debtors Increaselldecreasel In credilar$ 114,203) 21,644 17,060 13, 1321 Cash generated from operatlons 95,829 280,485 28 Analysis of changes In net debl At 1 J•nuAry 2022 Cash flows At 31 D•c¥mlJ•r 2022 Cash at bank and In hand 475.388 1163.139) 312,249 Loans falling due within one year Loans lalling due after mora than on• yaar (17.745} {114.7351 134.3831 1217,8311 152,1281 (332.5661 342,908 1415,3531 (72.4451 -25-