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2023-12-31-annual-return
|
Page |
Page |
| Charity reference and administrative details |
1 |
|
| Directors report |
2
- |
6 |
| Independent auditors report |
7
- |
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 |
| 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
Down |
|
BT18 9AB |
|
|
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 |
|
|
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 |
|
|
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 |
|
|
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 |
|
|
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 |
| 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 |
|
|
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 |
|
|
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 |
| 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 |
|
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
|
|
funds |
funds |
|
|
|
|
|
|
2023 |
2023 |
2023 |
2022 |
|
|
|
|
£ |
£ |
£ |
£ |
| Revaluation |
of |
investment |
properties |
- |
- |
- |
112,269 |
| 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 |
| 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 |
| 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 |
| 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 |
|
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 |
|
|
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 |
| 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 |
|
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) |