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||Page|Page|
|---|---|---|
|Charity reference and administrative details|1||
|Directors report|2<br>-|6|
|Independent auditors report|7<br>-|10|
|Statement offinancial activities|11||
|(incorporating the Income and Expenditure Account)|||
|Balance sheet|12||
|Statement ofcash flows|13||
|Notes to the financial statements|14|- 25|





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|Directors|Jill Boyd|
|---|---|
||Ewan Boyle|
||Paul Francis|
||Richard Gardiner|
||John Lander|
||Alison Robinson|
||Cohn Stewart|
|Operations manager|Arlene McDowell|
|Charity number|NIC 101476|
|Company number|NI 618382|
|Registered office|10 Belmont Road|
||Belfast|
||Co Down|
||BT4 2AN|
|IndependentAuditor|Johnston Kennedy DFK|
||10 Pilots View|
||Registered Auditors|
||Heron Road|
||Belfast|
||BT3 9LE|
|Administration address|10 BelmontRoad|
||Belfast|
||Co Down|
||BT4 2AN|
|Bankers|Ulster Bank|
||Arches Retail Park|
||Belfast|
||BT5 4AF|
|Solicitors|Stephen Perrott & Company Solicitors|
||49 High Street|
||Holywood|
||Co<br>Down|
||BT18 9AB|





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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2023|2022|
||Notes|£|£|£|£|
|Income and endowments from:||||||
|Donations and legacies|4|1051326|212580|1,263,906|1,270,273|
|Charitable activities|5|45,947|1 649|47,596|42,650|
|Other trading activities|6|188|-|188|411|
|Investments|7|29,398|-|29,398|28,096|
|Other income|8|5,730|3,800|9,530|2,400|
|Total incoming resources||1,132,589|218,029|1,350,618|1,343,830|
|Exienditure on:||||||
|Raising funds|9|20,620|8,449|29,069|27,278|
|Charitable activities|10|974,299|310,847|1,285,146|1,234,315|
|Total resources expended||994,919|319,296|1,314,215|1,261,593|
|Net gains/(losses) on investments|14|-|-|-|112,269|
|Transfer between funds|20&21|(108,081)|108,081|-|-|
|Net movement in funds||29,589|6,814|36,403|194,506|
|Fund balances at 1 January 2023||2,115,271|776,662|2,891,933|2,697,427|
|Fund balances at 31 December 2023|20&21|2,144,860|783,476|2,928,336|2,891,933|



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|||2023||2022||
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Fixed assets||||||
|Tangible assets|15||2322,571||2,304,585|
|Investment properties|16||680,000||680,000|
||||3,002,571||2,984,585|
|Currentassets||||||
|Debtors|17|57,669||45,250||
|Cash at bank and in hand||292,093||312,249||
|||349,762||357,499||
|Creditors: amounts falling due within||||||
|one year|18|(120235)||(117,585)||
|Net current assets|||229,527||239,914|
|Total assets less current liabilities|||3,232,098||3,224,499|
|Creditors: amounts falling due after||||||
|more than one year|19||(303,762)||(332,566)|
|Netassets|||2,928,336||2,891,933|
|Income funds||||||
|Restricted funds|20||783,476||776,662|
|Unrestricted funds|21||2,144,860||2,115,271|
||22||2,928,336||2,891,933|






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|||2023||2022||
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Cash flows from operating activities||||||
|Cash generated from operations|27||42,681||95,829|
|Investing activities||||||
|Purchase oftangible fixed assets||(52,486)||(539,278)||
|Income from investments||29,398||28,096||
|Net cash used in investing activities|||(23,088)||(511,182)|
|Financing activities||||||
|Proceeds of new bank loans||-||283,703||
|Repayment of bank loans||(39,749)||(31,489)||
|Net cash (used in)!generated from||||||
|financing activities|||(39,749)||252,214|
|Net decrease in cash and cash equivalents|||(20,156)||(163,139)|
|Cash and cash equivalents at beginning ofyear|||312,249||475,388|
|Cash and cash equivalents atend of year|||292,093||312,249|







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|||2023|2022|
|---|---|---|---|
||Notes|||
|||£|£|
|Incomeand endowments from:||||
|Donations and legacies||1,051,326|1009,965|
|Income from charitable activities||45,947|42,327|
|Othertrading activities||188|411|
|Income from investments||29,398|28,096|
|Other income||5,730|-|
|Total incoming resources||1,132,589|1,080,799|
|Expenditure on:||||
|Raising funds||20,620|21,398|
|Charitable activities||974,299|891,276|
|Resources expended||994,919|912,674|
|Incoming resources before transfers||137,670|168,125|
|Transfer between funds||(108,081)|(97,653)|
|Net movement in funds||29,589|70,472|
|Reconciliation offunds:||||
|Total funds brought forward||2,115,271|2,044,799|
|Total funds carried forward||2,144,860|2,115,271|






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|||Notes|2023|2022|
|---|---|---|---|---|
||||£|£|
||Income and endowments from:||||
||Donations and legacies||212,580|260,308|
||Charitable activities||1,649|323|
||Investments||-|-|
||Other income||3,800|2,400|
||Total incoming resources||218,029|263,031|
||Expenditure on:||||
||Raising funds||8,449|5,880|
||Charitable activities||310,847|343,039|
||Total resources expended||319,296|348,919|
||Net outgoing resources before transfers||(101,267)|(85,888)|
||Net gains on investments|14|-|112,269|
||Transfer between funds||108,081|97,653|
||Net incomingl(outgoing) resources||6,814|124,034|
||Reconciliation offunds:||||
||Total funds brought forward||776,662|652,628|
||Total funds carried forward||783,476|776,662|
|4|Donations and legacies||||



||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|2023|2022|
||£|£|£|£|
|Offerings|882,164|2,825|884,989|859,147|
|GiftAid|169,162|24,974|194,136|198,862|
|Appeals and missional support|-|184,781|184,781|212,264|
||1,051,326|212,580|1,263,906|1,270,273|






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|Char|itabl|e activities|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2023|2022|
||||£|£|£|£|
|Fees|and|contributions|45,947|1,649|47,596|42,650|
||||45,947|1,649|47,596|42,650|





||Unrestricted|Restricted|Restricted|Total|Total|
|---|---|---|---|---|---|
||funds||funds|2023|2022|
||£||£|£|£|
|Merchandise contribution|188||-|188|411|
|Income from investments||||||
||Unrestricted|Restricted||Total|Total|
||funds||funds|2023|2022|
||£||£|£|£|
|Rent and room hire|27,675||-|27,675|28,038|
|Bank interest|1,723|||1,723|58|
||29,398|||29,398|28,096|
|Other income||||||
||Unrestricted||Restricted|Total|Total|
||funds||funds|2023|2022|
|||£|£|£|£|
|Insurance income||5,730|-|5,730|-|
|Grant income||-|3,800|3,800|2,400|
|||5,730|3,800|9,530|2,400|






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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2023|2022|
|||£|£|£|£|
|Property|management expenses|20,620|-|20,620|21,398|
|Property|loan interest|-|8,449|8,449|5,880|
|||20,620|8,449|29,069|27,278|




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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2023|2022|
|||£|£|£|£|
||Activity costs|833,909|309187|1,143,096|1,088,792|
||Supportcosts|140,390|1,660|142,050|145,523|
|||974,299|310,847|1,285,146|1,234,315|
|11|Net incoming resources|||||
|||||2023|2022|
|||||£|£|
||Operating surplus is stated after|charging/(crediting):||||
||Depreciation oftangible assets|||34,500|34,247|
||Operating lease rentals|||2,412|2,412|
||Auditors’ remuneration|||1,516|1,430|





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|The average monthly number offull and part time empl|oyees during the yearwas:||
|---|---|---|
||2023|2022|
||Number|Number|
||25|24|
|Employment costs|2023|2022|
||£|£|
|Wages and salaries|589540|538,467|
|Social security costs|48,958|46,329|
|Other pension costs|19,665|18,323|
|Other employee benefits|3,965|6,404|
||662,128|609,523|





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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|||
|||||2023|2023|2023|2022|
|||||£|£|£|£|
|Revaluation|of|investment|properties|-|-|-|112,269|







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|Tangible fixed assets|||||
|---|---|---|---|---|
||Property|Tenants|Fixtures and|Total|
|||improvements|equipment||
||£|£|£|£|
|Cost|||||
|At 1 January 2023|2,224821|82,021|450,011|2,756,853|
|Additions|14,770|22,685|15,031|52,486|
|At31 December2023|2,239,591|104,706|465,042|2,809,339|
|Depreciation and impairment|||||
|At 1 January 2023|-|67,374|384,894|452,268|
|Depreciation charged in the year|-|6,953|27,547|34,500|
|At31 December2023|-|74,327|412,441|486,768|
|Carrying amount|||||
|At 31 December 2023|2,239,591|30,379|52,601|2,322,571|
|At31 December2022|2,224,821|14,647|65,117|2,304,585|




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|Debtors|||
|---|---|---|
||2023|2022|
|Amounts falling due within one year:|£|£|
|Activity debtors|9,340|8,553|
|Other debtors|21,405|23,044|
|Prepayments and accrued income|26,924|13,653|
||57,669|45,250|






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|Creditors: amounts falling due within one year|||
|---|---|---|
||2023|2022|
||£|£|
|Bank loans|41,183|52,128|
|Other taxation and social security|11,511|89|
|Operating creditors|41,047|25,371|
|Other creditors|700|700|
|Accruals and deferred income|25,794|39,297|
||120,235|117,585|





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|Creditors: amounts falling due after more than one yea|r||
|---|---|---|
||2023|2022|
||£|£|
|Bank loans|303,762|332,566|
|Analysis of loans|||
|Repayable after 5 years|63,101|83,187|
|Wholly repayable within 5 years|281,844|301,507|
|Included in current liabilities|(41,183)|(52,128)|
||303,762|332,566|





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||Balance at I|Incoming|Resources|Transfers|Balance at 31|
|---|---|---|---|---|---|
||January|resources|expended||December|
||2023||||2023|
||£|£|£|£|£|
|Buildings|565,992|-|(8,449)|28,111|585,654|
|Acts42Day|27,075|7,003|(11,487)|-|22,591|
|Missional|182,903|211,026|(298,987)|79,970|174,912|
|Vision 20:20|692|-|(373)|-|319|
||776,662|218,029|(319,296)|108,081|783,476|






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|||Balance at I|Incoming|Resources|Transfers|Balance at 31|
|---|---|---|---|---|---|---|
|||January 2023|resources|expended||December 2023|
|||£|£|£|£|£|
|Unrestricted|funds|2,115,271|1132,589|(994,919)|(108,081)|2144,860|





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|22|Analysis of netassets between funds||||||
|---|---|---|---|---|---|---|
|||Tangible||Net current|Total|Total|
|||Fixed assets||assets|2023|2022|
||||£|£|£|£|
||Restricted income funds||||||
||Buildings||585,655|-|585,655|565,992|
||Acts42Day||-|22,591|22,591|27,075|
||Missional||58,235|116,676|174,911|182,903|
||Vision 20:20||319|-|319|692|
||||644,209|139,267|783,476|776,662|
||Unrestricted income funds||||||
||Designated funds|2,013,416||-|2,013,416|1,969,449|
||Free reserves||-|131,444|131,444|145,822|
|||2,013,416||131,444|2,144,860|2,115,271|
|||2,657,625||270,711|2,928,336|2,891,933|
|23|Capital commitments||||2023|2022|
||||||£|£|
||At 31 December 2023 the charity had capital commitments||as follows:||||
||Contracted for but not provided in the financial statements:||||||
||Acquisition of property, plant and equipment||||-|26,960|




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||The company is a company limited by guarantee and does not have share capital.|The company is a company limited by guarantee and does not have share capital.|||
|---|---|---|---|---|
|27|Cash generated from operations||2023|2022|
||||£|£|
||Surplus for the year||36,403|194,506|
||Adjustments for:||||
||Investment income recognised in statement offinancial activities||(29,398)|(28,096)|
||Fair value gains and losses on investment properties||-|(112,269)|
||Depreciation and impairment oftangible fixed assets||34,500|34,247|
||Movements in working capital:||||
||(Increase) in debtors||(12,419)|(14,203)|
||Increase in creditors||13,595|21,644|
||Cash generated from operations||42,681|95,829|
|28|Analysis ofchanges in net (debt)/funds||||
|||At 1 January|Cash flows At|31 December|
|||2023||2023|
|||£|£|£|
||Cash at bank and in hand|312,249|(20,156)|292,093|
||Loans falling due within one year|(52,128)|10,945|(41,183)|
||Loans falling due after more than one year|(332,566)|28,804|(303,762)|
|||(72,445)|19,593|(52,852)|