Charity Reglstration No. NIC 101476 Company Regislration No. Nl 618382 {North•m Iraland) CHRISTIAN FELLOWSHIP CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CHRISTIAN FELLOWSHIP CHURCH CONTENTS Page Chanty reference and administrative delails Directors, report Independent audilorfs report 7-10 Slalernenl of financial activities (incorporating the Income and Expenditure Account) 11 Balance sheet 12 Slalemenl ol cash flows 13 Noles lo the financial slalements
CHRISTIAN FELLOWSHIP CHURCH LEGALAND ADMINISTRATIVE INFORMATION Dlrectors Jill Boyd Ewan Boyle Paul Francis Ri¢hard Gardiner John Lander Alison Robinson Colin Stewart Operatlons manager Arlene McDowell Charlty number NIC 101478 Company number Nl 618382 Reglgtered offlce 10 Belmont Road Bellast Co Down BT4 2AN Indep•ndont Auditor Johnston Kennedy DFK 10 Pilots View Registered Audilors Heron Road Belfast BT3 9LE Admlnlatratlon addre88 10 Belmont Road Belfast Co Down 8T4 2AN 8anker8 Ulster Bank Arches Retail Park Belfast BT5 4AF Solicltor8 Slephen Perrott & Company Solicitors 49 High Street Holywood Co Down BT18 9AB
CHRISTIAN FELLOWSHIP CHURCH DIRECTORS. REPORT (INCLUDING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The directors have pleasure in presenting their report logelher with the audited financial statements for the year ended 31 December 2024 The direclofs have adopted Ihe provlslons of Ihe Slatemenl ol Recommended Practice ISORPI "Accounting and Reporting by Charllles (FRS 102) in preparing the annual report and financial statements of the charity. Directors The following directors have held office Since 1 January 2024. Jill Boyd Ewan Boyle Paul Francis Neil Gamble Richard Gardiner John Lander Alison Robinson Colin Stewart (Appointed 1 April 2024) (Appointed 1 April 2024) IRe&gned 31 July 20241 (Appointed l April 2024) Dlrectors. Interests None of the directors of the company held a beneficial interest In Ihe assets of Ihe company. There were no emolumen15 paid lo drreclors during the current year. Diieclors did not Claim any expenses during Ihe current yèar in Iheir Gapacily as directors stru¢ture, governance and management Chnslian Fellowship Church Is a company limited by guarantee, Incorporated on 13 May 2013 and registered wilh The Charity Commission for Northern Ireland on 11 March 2014. 11 is governed by ils Memorandum and Artides of A550cialion. Organlsationgl structure The company is not lor profil andlimiled by guarantee, the liability ol Ihe members is limited lo £1 The organisalion is governed by its Elders who meet regularly. Day-lo-day managemenl activities afe coordinated through the Operalions Manager and Ihe Operalions Team. The Operalions Team consisls of senior staff members. Appointments lo the Operations Team arè approved by Ihe Elders. The Elders who served in 2024 were. Jill Boyd Ewan Boyle Richard Gardiner Andfew Gibson John Lander Arlene MGDowell Kathryn Purcell Colin Stewart Ruth Wallace Alison Robinson Paul Francis Neil Gamble look a sabbalical break from Eldership and will relurn in 2025. New directors are briefed on their legal oblig8lions under charity and company law. the content of ihe Memorandum and Articles of Assoualion. Ihe commillee and decision making process, Ihe operational plan and recenl financial posilion of the charily. They are free lo discuss any issue with other directors or key employees Directors are encouraged lo attend any appropriate exlernal Iraining events where these will facililale Ihe undertaking of their role.
CHRISTIAN FELLOWSHIP CHURCH DIRECTORS, REPORT (INCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Prlnclpal Objectlves and actlvltles Christian Fellowship Church is a Christ centred community dedicated to impacting Belfast, Ireland and the nations with tha love of God in the power of the Holy Spirit. CFC is a group of people from all baGkgrounds who are walking in God's grace and are on a journey of transfom)ation with Him. We believe that God h89 called us to impa¢l our cily. our country and Ihe nations with the love of Jesus and the power of the Holy Spirit. This is the foundation for everything we do. We are passionale about seeing people growing in their relationship with God and to do this we m88t log8ther every Sunday to worship God and lo experience a relevant and powerful message, which teaches truths from the Bible and also midweek to further develop and explore God's truth for us and our world. These gatherings, alongside courses such as Alpha and the Marri89e Course. continue lo provide opportunities for individuals to grow in their faith. In setting our objectives and planning our activities for the year the directors have given careful consideralion to Ihe Charity Commission for Northern Ireland's guidance on public benefit to ensure Ihat Ihe acliviti8s have helped to achieve the Gharitys purposes and provide a benefit lo the beneficiaries. The Christian Fellowship Church uses members of the Church community lo provide some of the sepiices above. Any private benefil received by the members is purely incidental to the purposes of our work. Publlc bonefit statement CFC'S missions statement is "lo be a Christ cenlred communlty dedlcated lo impacting 8elfasL Ireland and Ihe nations with the love of God in the power of the Holy Spirit." We believe that bringing people into a relalionship with God will allow Ihem lo live the way Ihey were meant to and that this in lurn has an impact on our society. children. relationships. economy etc. In Èach of our sile$ we want lo 'be a communily,, providing a place where people can belong and borne who God intended Ihem lo be. and lo 'bless a ¢ommunily', by contributing lo Ihe spiritual, social, economic and physical need of our ¢ily, nation and beyond. To do Ihis we run a vafiety of progr8mmes and activities Ihal include children's and youth work. community outreach, fotjd bank. a professionally accredited ¢ounselling service, support for parents and marriages. community space lor meetings and overseas development work. We believe Ihat God has called us lo impact our ¢rty, our couniry and the nations wilh the love of Jesus and the power of the Holy srIt. This is Ihe foundation for everything we do
CHRISTIAN FELLOWSHIP CHURCH DIRECTORS, REPORT (INCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Key Developments 2024 was a year Ihal saw the continued development and slrenglhening of our CFC sites. and the deepening ol kin9dom-focussed partnerships with other churches in Northern Ireland.11 was also a year when we saw many new families and individuals join our congregations, making CFC their home. Around 73 people came to our Exploring Membership evening in June. wanting lo find out more about church membership, and we had baptism Se1$ at all our CFC locations during the year Andrew Gibson. as Senior Paslor, spenl lime al each ol our CFC siles. gelling lo know the people al each one, who together make up Ihe CFC church family. As well as our wonderful Easter and Chrislmas events, a highlight in 2024 was seeing so many people from CFC head to the NUA Conference logelher, for a fanlaslic weekend of fellowship and teaching with olher Christians. One of our main focuses in 2024, across all our CFC communities. was investing Into Connect Groups. With dedicated Connect Co-ordinators, commilled Connèct Leaders, great fesources and cenlral support provided, the Connect groups flourished and grew during the year. and the number of people attending them also increased. In 2024, CFC was able lo continue lo work Ils oversees mission partnerships and strengthen ils ¢onneclions in India. Thailand, and Asia. They did this Ihrough providing financial support and sending out volunteer teams. Al a local level CFC worked with CAP, Alpha. The Larder Food Banks, Life House, Home Plus, Starling Collective, East Belfast Mission, and a local school lo name bul a few. as part of our call lo help people find and follow Jesus. The 2024 Compassion Appeal saw our congregalions donale a slaggering £150.000 in the Compassion Appeal lo bless individuals and families in need. CFC East coniinued lo be the largest of our church communilies, hosting 4 services on Sundays, as well as SLC gatherings and broadcasting the main service live each week, Both youth and kids. number5 increased substantially during the year. with many coming from Ihe local neighbourhood lo the weekly events. In CFC Anlrim. the congregation continued lo experience sleady growth in all areas. The church building itself also was kept busy. 11 was used during weekdays by local groups and charities and provided a space for a Counselling service and a community advisor. lo help people on benefits. Relalionships were strengihened with other churches in the local area too during the year. CFC Holywood also conlinued lo Ihrive In 2024. wilh more Conne¢l groups and new people coming along on Sundays. They ran iegular discipleship groups during Ihe yeaf, £s well as joined In with seasonal events along with other local churches. They enjoyed an Increase In the number of kids and youth allending each week. The ¢103e relationship with Holywood Family Trusl continued, CFC Inner East celebrated their 7th Birthday in 2024. 11 was a great opportunity lo look back and see all the incredible things God had done in their midst. As the summer came. CFC Inner Easl found Itself needing a new place lo gather each week. After the generous help from Crown Jesus and other local churches il was able lo find a new home in Ihe Templemore Avenue Baths. The church slayed closely involved wilh Ihe local community projects and remained dedicated lo serving the people living in Ihe surrounding area. CFC South continued lo partner closely wilh Ihe YMCA Ihroughoul 2024. to reach out into the local neighbourhood. They ran a Parents and Toddlers group a Youth Club and a Kid's C5ub each week. They also ran Commur#ly Fun Days and hosled various special events Ihroughoul the year. In December, Laura Bell resigned from her position as sile pastor of South, as she was moving to a new role in Causeway Vineyard Rachel Tweedle was apponted as the new CFC South Pastor in her stead. The church Is incredibly thankful to all that Laura has sown into the church over the years and we pray God's blessings on her move. Daniel Voss completed his firsl full year as SLC pastor In 2024. The congregalion conlinued lo meet at CFC and flourished under his care and leadership, The figures contained in these accounts once again reflect the faithfulness of Gt)d and the Incredible ongoing generosity of the CFC members. This genefosily combined with careful and prayerful stewardship has resulted in an increase in donalions lo the church and a surplus of funds for the year.
CHRISTIAN FELLOWSHIP CHURCH DIRECTORS. REPORT {INCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Rl8k management The dir8clors have a risk management strategy that is implemented by the Operations sl8ff and escdated lo the directors as appropriate, Ihis comprises.. a regular review of the risks Ihe company may fa. the eslablishrnenl of systems and procedures lo manage those risks identified in the plan; and Ihe implementation of procedures designed to minimise any potential impact on the company should thosè risks materialise. Flnanclal revlew The resulls are set out on pages 11 to 25. Christian Fellowship Church generaled a net unrestricled surplus for the year of £153,571 from which £85.823 was transferred to Missional funds and £28.522 to Building ffijnd (2023.. nel unrestricted surplus of £137.670). The level of free reserves at 31 D8C8mber 2024 was a surplus of £162,294 {2023.' surplus of £131,444). Investment8 power and pollcy Under thè Memorandum and Arttdes ofAss¢xiation. the charity has the power to invest ils unreslricled funds In any way the Directors consider appropriate. The Directors have operated a policy of ensuring that any reserve funds are held in an interest bearing account. Re8eNe8 level The Directors continue to review and monitor the reseNe$ of the Company. This encompasses the nature of income and expenditure streams, the need to malch variable income with fixed commilmenls and the nature of Ihe reserves. To enable the efficient and effective management of the charity the directors have determined that free reserves at 8 level in excess ol three months operatin9 costs should be held. At the year end free reserves amounted lo £162,294 which equates to over 1 month operating costs Annual budgets are prepared and monitored on an ongoing basis to ensure free reseNes are managed in line wilh this reseNe policy. Plans for future perlods The focus in 2025 is to continue to bring people together within all of our congregations and build up godly relationships within our church family. We will Continue lo gather in person, each week, at all of (r siles. serving in the different ministries and encouraging one anolher to grow in our faith. We also hope to begin to plant a new site in the Comber area. We will continue to invest in our online Sunday seNices. as we endeavour lo slay connected lo all Ihe people who watch regularly. and we will also partner with local people. Communities, ¢h8rities and groups in our neighbourhoods and overseas. The Elders. as always, Gontinue lo monitor the thurch finances lo ensure Ihe best use of our resources. Employee Involvement Our slaff have once again proved their wonderful value lo CFC and the cily. Their sacrifi. commitment, energy. wisdorn and love is beautiful lo watch, We Ihank Gtxl for them and for all the volunteers Ihal make the ministry of CFC possible. Reference and admlnl8tratlve (leta118 The organisalions, delails are as disdosed on the company information page.
CHRISTIAN FELLOWSHIP CHURCH DIRECTORS. REPORT (INCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Dlrector5' Re8ponsibilities The directors are responsible for preparing the Dlreclor5' Report and the financial slalements in accordance with applicable law and regulations Cornpany law requires the difeclors to prepare financial slalemenls for each financial year. Under ihal law the directors have elected lo prepare Ihe financial slalemenls In accordance with United Kingdom GerÈrally Accepted Accounting Practice Iuniled Kingdom Accounting Standards and applicable law) Under company law the directors must not approve Ihe financial slalemen15 unless they are satisfied that they 9ive a true and fair view of the slate of affairs ol the company and of the Incoming resources and application of resources, Including Ihe income and expendilure of the company for that period. In preparlng Ihese financial slalemenls, the directors are required lo select suilable accounling policies and then apply them consistently. observe the melhods and principles in the Charities SORP 2019 IFRS 102). make judgements and accounting eslimales Ihal are reasonable and Pfudenl. stale whether applicable UK Accounting Standards have bèen followed. subject lo any material departures disclosed and explained in the financial slalements. prepare the financial slalemenls on the going concern basis unless il Is inappropriate lo presume Ihal Ihe company will conlinue in operation. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy al any Ilme the financial position of the company and the group and enable Ihem lo ensure Ihal the financial slalernents comply with the Companies Ad 2CM)6, They are also responsible for saleguarding Ihe assets of the Company and hence for taking rèasonable steps for the prevention and detection of fraud and other irregularities. Statement of disclosure to the audltor We, the directors of the company who held office at the dale of approval of these Financial Slalemenls, 88 sel oul above. each confirm so far as we are aware, that,. There Is no relevant audil Inlormation of which the company's auditors are unaware.. and We have taken all the sleps Ihal we ought lo have laken as directors in order lo make ourselves adre of any relevant audit Information and lo eslablish that the company's audilors are aware of that information. Polltlcal and charitable donatlons During the year the company paid over £147,054 12023.. £88,854) for mission support and the company made donalions for missions gifts of £84,064 12023,, £80,273) and honoraria amounling to £20,015 {2023.. £17.7811 and no political conlribulions Audllors The auditors, Johnslon Kennedy DFK. are deemed to be re-appoinled under Section 487 (21 of the Companies Act 201. On beha Ewan Boyle Dlrector Date: .......
CHRISTIAN FELLOWSHIP CHURCH INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHRISTIAN FELLOWSHIP CHURCH Opinion We have audiled the financial statements of Christian Fellowship Church (the 'charity') for the year ended 31 December 2024 which comprise the stalemenl of financial activities. the balance sheet, the statement of cash flow$ and the noles lo the financial statements. including a summary of signifi¢anl accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Uniled Kingdom Accounting Standards, including Financial Reporting Slandard 102 Th8 Fin8ncial Reporting Standard applicable in Ihe UK and Republic of Ir81and (Uniled Kingdom Generally Accepted Accounting Practice). In our opinion, the financial stalements: give a true and fair view of the stale of Ihe chafltable company's affairs as at 31 December 2024 and of ils incoming resources and application of resources. induding its income and expenditure, for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been Prepared in accordance with the requirements of Ihe Companies Acl 2006. Ba$1$ for oplnion We ndUCted our audil in accordance with Inlernalional Standards on Auditing (UK) (ISA$ (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors respon&bililies lor Ihe audil ol Ihe financial slatements section of our report. We are independent of the charity in arKordan¢e with the elhical requirernenls Ihal are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical Stsndard, and we have lulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have oblained is sufficient and appropriale lo provide a basis for our opinion. Conclu81on8 relatlng to golng Concern In auditing the financial slatemenls, we haveconcluded that the directors, use ¢f the going ¢oncem basis of accounting in the preparation of Ihe financial statements is appropriate. Based on the work we have performed, we have not identified any malerial uncertainties relating to events or conditions that, individualty or collectively, may cast significanl doubl on the charily's ability lo continue as a going concern for a period of al least hvelve months from when the financial statements are authorised for issue. Our responsibilities and the r88ponsibilities of Ihe directors With respect to going concern are described in the relevant sections of this report. Other inforniation The directors are responsible for the other information. The other information comprises Ihe informalion included in the annual report, olher Ihan the financial slalemenls and our auditor's report Ihereon. Our opinion on Ihe financial slalements does not cover the other information and, except to the exlenl otherwise explicilly staled in our report. we do nol express any fofm of assurance conclusion Ihereon. In ¢onne¢lion wilh our audit of the financial statements, our responsibility is to read the other information and, in doing so. consider whether the other information is malerially inconsislent wilh the financial stalemenls or our knowledge obtained in Ihe audrt or olheThvise appears lo be materially misstated. If we identify suth rnalerial in¢onsistencies or apparent material misslalemenls, we ar8 required lo delem)ine whelher Ihere is a rnalerial misslalement in the financial statements or a material misslalement ol the olher information. If. based on Ihe work we have performed, we condude Ihat there is a malerial misstatement of this other information. we are required to report that fact. We have nothing lo report in this regard.
CHRISTIAN FELLOWSHIP CHURCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CHRISTIAN FELLOWSHIP CHURCH Opinions on other mattèrs prescrlbed by the Companles Act 20Q6 In our opinion, based on Ihe work undertaken in the course of our audit.. the information given in Ihe directors, report. which includes the slrate9ic reporl prepared for the purposes of company law, for the financial year for which Ihe financial slalemenls are prepared is consislenl with the financial stalemenls.. and the directors, report induded wilhin the Strategic report has been prepared in accordance wilh applicable legal requiremenls Matter8 on which wo are qUIred to report by exception In the lighl of Ihe knowledge and understandin9 of the company and its environment oblained in the course of the audit. we havè not identified malerial misstaternenls in the Strategic Reporl and the Directors, Report. We have nolhing to report in respect of the following mallers where the Companies Act 2006 requires us lo reporf lo you if. in our opinion, -adequate accounling fecords have not been kept, or returns adequate for our audil have not been received.. or -the flnarncial sl8lemenls are not in agreement with the accounting records and returns., or -certain disclosure5 of direclors, remuneralion specified by law are not made,. or -we have not received all the informalion and explanalions we require for our audit. Responsibilities of dlrectors As explained more fully in the slalemenl of directors, responsibilities, the direclors, who are also the trvslees of Ihe Charity for the purpose of company law, are responsible for Ihe preparation of the financial statements and for being satisfied that Ihey give a true and fair view, and for such inlernal control as the direclors determine is necessary lo enable the preparation of financial slalefflenls that are free from material misslalemenl, whelher due lo fraud or error In preparing the financial slalemenls. the directors are fesponsible for assessing the ¢harlly's abilily lo continue as a going concern. disclosing as applicable. mallers relaled lo going concern and using Ihe gong Concern basis ol accounting unless the directors either intend lo liquidale the charitable company or lo cease operalions, or have no realistic allernalive bul lo do so
CHRISTIAN FELLOWSHIP CHURCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CHRISTIAN FELLOWSHIP CHURCH Auditor's re8pon8ibllltle8 for the audlt of the flnancial statements Our objectives are lo obtain reason8b18 assurance about whether the financial statements as a whole are free Irom malerial misstalemenl, whether due lo fraud or error, and lo issue an auditor's report Ihal includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee Ihal an audil conducted in accordance with ISAS (UK) will always delect a material misslalement when il exisls. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users taken on the ba$is of these financial statemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above. lo delect malerial misstatements in respect of irregularilies, including fraud. Th8 8Xt8nl lo which our procedures are capable of delecting irregularilies. including fraud is delailod below.. the nature of the industry and seclor, ¢ontrol environment and performance., results of our enquiries ol management aboul their own identification and assessment of the risks of irregulaTilies'. any matters we idenlified having obtained and ieviewed the charitable (x)mpany's docufflenlalion of Iheir poliaes and procedures relating to.. idenlifying. evaluating and complying wilh laws and regulations and whether they were aware ol any inslances of non-compliance., deteding and responding to Ihe risks of fraud and whether they have knowledge of any aclual, suspected or alleged fraud., the internal controls established lo mitigate risks ol fraud or non•compliance with laws and regulations., the mallers discussed among the audil engagement team and relevant internal specialists where necessary regardin9 how and where fraud might o¢¢ur in Ihe financial statements and any potential indicators of fraud. As a result of these procedures, we considered the ¢)PPOrtunitie$ and incentives that may exist wrthin Ihe organisalion for fraud. In common with all audits under ISA$ (UK). we are also required to perform specific procedures to respond lo the risk of management override. We also obtained an und8rslanding of the legal and regulatory frameworks Ihal the charilable company operates in, focusing on provisions of those 18ws and regulations that had a dir8Ct effect on the determination of materi81 amounls and disclosures in Ihe financial statements. The key laws and regulations we considered in Ihis context Included the Companies Act 2006, the Charities Acl {Northern Ireland) 2008 and Taxation Legislation. In addition, we considèred provisions of other laws and regulations that do not have a direct eff1 on the financial slalements but ¢omplian¢e with which may be lundamental lo the charitable company's ability to operate or to avoid a material penally. As a result of performing the above our piocedures to respond lo risks identified included Ihe following.. reviewing the financial slalernenl disclosures and testing to supportin9 documentation lo assess compliance with provisions of relevant laws and regulation$ de$cribed as having a direct effect on the rinancial slalements: enquiring of management concerning actual and polenlial liligalion and claims perfoiming analytical procedures lo identify any unusual or unexpected relalionships Ihal may indicate risks of material misstatemenl due to fraud., reading minutes of meetings of those Charged with governance and reviewing correspondence with HMRC.'and in addressing the risk of fraud through management override of controls, lestin9 Ihe appropriatene55 01 journal entries and other adjustments-, assessing whelher Ihe judgements made in making a¢counting estimate5 are indicative of a potential bias- and evaluating the business ralionale of any significant transactions that are unusual or outside the normal course of business. We also comrnunicated relevant identified laws and regulations and potential fraud risks to all engagement team members, including internal specialists, and remained alert to any indications of fraud or noTrcompliance with laws and regulations Ihroughout the audit. A further description of our responsibilities is available on the Financial Reporting Council's website al: httPS.'II www.frc.org.uklaudilorsresponsibililies. This description forms parl of our auditor's report.
CHRISTIAN FELLOWSHIP CHURCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CHRISTIAN FELLOWSHIP CHURCH Thls report is made solely lo Ihe charily members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2CK)6 Our audit work has been undertaken so thal we might slate lo the charity membeis Ih03e matters we are required lo slate to them in an audilor's report and for no other purpose. To Ihe fullest exlenl permilled by law. we do not accept or assume responsibility lo anyone other than the charity and the charity members as a body for our audit Wofk. for this report, or for the opinions we have fomied. James Gage (Senlor Statutory Auditor) for and on behalf of Johnston Kennedy DFK Statutory Audltor Chartered Accountants Reglstered Auditors 10 Pllots Vlew Horon Roafl B?Ifast BT3 9LE Date.. 10-
CHRISTIAN FELLOWSHIP CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Regtrlcted fund8 funds Total 2024 Total 2023 Notes Donations and le9acies Charitable aclivilies Other trading aclivities Investments Other income 1,137,561 50,005 303,917 401 1,441,478 1.263,906 50,408 47,596 188 29,398 9,530 44,810 44.810 4.576 4.576 Total in¢oming r••our¢ 1,232,376 308,894 1,541,270 1.350,618 Raising funds Charitable aclivities 11,011 1,067,794 7,524 0,746 18,535 29,069 1,428,540 1,285,148 10 Total re8ourc•s expended 1,078.805 368.270 1.447.075 1.314,215 Transfer beiween funds 19&20 1114,345) 114,345 Net movement in fund8 39.226 54,969 94,195 36.403 Fund balances al 1 Jantsary 2024 2,144,860 783,476 2,928,336 2,891,933 Fund balances at 31 De¢ember 2024 19&20 2.184,086 838,445 3,022.531 2,928,336 Contlnulng Oporatlons The statement of financial actlvitles has been prepared on the basls that all operalions are conlinulng operations Comparatlve8 The comparative amounts by funds have been disclosed in notes 2 & 3. Total recognised gains and losses There are no fecognised gains and losses other than those passing through the Statement of Financial Activities. Hlstorical cosl The resulls as disclosed in the Slalemenl of Financial Activities and the nel incoming resour$ fcy the year have been presented on an historical cost basi5. The notes on pages 14 to 25 form part of these financial statemenls 11
CHRISTIAN FELLOWSHIP CHURCH BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets Inveslrnenl properties 14 1S 2,311,363 680,000 2.322.571 680.¢)JO 2.991,363 3.002.571 Current assets Debtors Cash al bank and in hand 16 54 251 336 449 57.669 292.093 390.700 349.762 Croditors.. amounts falling due wlthln one year 17 (97,475) (120.235) Nel current assets 293.225 229,527 Total assets less Current Ilabllllles 3,284,588 3,232.098 Creditors: amounts falling due after more than one year 18 1262,057) <303.7621 Net assets 3.022,531 2,928.336 Incomo funds Reslficled funds Unreslricled funds 19 20 838,445 2.184,086 783,476 2,144.860 21 3.022.531 2.928,336 The financial slalemenls were approved by the Directors and aulhorised for Issue on rts behal by and signed on Ewan Boyle Director Rich Direct Gardiner Company Reglstratlon No. Nl 618382 Charity Registratlon No. NIC 101476 The notes on pages 14 to 25 form part of these financial staternents 12-
CHRISTIAN FELLOWSHIP CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note8 Cash flow8 from operatlng activities Cash generated from operations 26 61,783 42,681 Invesling a¢tivi11è8 Purchase of tangible fixed assets Income from inveslments (20.461) 44.810 (52,486) 29,398 Net eash generated fromllused in) Inve8tlng actlvltlos 24.349 (23,088) Flnanclng actlvltle8 Repayment of bank loans (41.776> <39,749) Net cash u•ed In flnanclng activiti•8 (41,776) (39,749) N•t Incr•a$olldacrea80} In cash and cash equlvalents 44,356 <20,156) Cash and cash equiv8lenls al beginning of year 292,093 312,249 Cash and cash •quivalent8 at end of year 336,449 292.093 13.
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity information Christian Fellowship Church is a private company limited by guarantee incorporaled in Northern Irèland. The regislered oiTice and principal office is 10 Belmont Road, Belfasl, Co Down, BT4 2AN. The nature of the charity's operations and principal activities are given in the directors, report on page 3 01 these financial slatemenls, 1.1 Accounting convention The charily c¢Jnslilules a public benefit enlily as defined by FRS 102. The financial statemenls have been prepared in accordance with Accounling and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charilEs pfeparing their accounts in accordance with Ihe Financial Reporting Slandard applicable In the UK and Republic of Ireland IFRS 102) (second edition October 2019), the Financial Reporling Standard applicabl& in Ihe United Kingdom and Republic of Ireland IFRS 1021. the Charities Act {Norihern Ireland) 2008, the Companies Acl 2006 and UK Generally Accepted Practice as il applies from 1 January 2019 The financial slalemenls are prepared in sterling. which is the functional currency of Ihe GharSly. Monetary amounts in Ihe5e financial slalements are rounded lo the nearesl £. The financial slalemenls have been prepared under the hislorical cost Convention The significant accounting policias applied in the preparation of Ihese financial slalemenls are sel out below. These policies have been consistently applied lo all years presented unless otherwise staled, 1.2 Income and expenditure Income is recognised when Ihe charily is legally enlilled lo il after any performance conditions have been met. the amounts can be measured reliably. and it is probable that income will be received. All 8xpendilure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relaled lo the category. The majority of cosls are directly allribulable lo charitable activities. Where osls cannot be diiectly allribuled lo parlicular headings they have been allocated lo charitable activities on basis consislenl with use of the resources. Slaff costs and overhead expenses are allocated lo activities on the basis of slaff lime spent on those aclivilies. 1,3 Support Costs Support costs are those functions Ihal assist Ihe work of the charity bul do not directly represenl charilable aclivilies. Support cosls include back office cosls, finance. human resources, payroll and governance costs which support the charily's aclivilies. These Costs have been allocated against the expenditure on charitable aclivilies. 14
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles (Contlnuedl 1.4 Fund Accounting The charily has different types of funds for which il is responsible, and which require separate disclosure. These are as follows.. (a) Restricted funds - Funding received which can only be used for a specific purpose as determined by the funder. Such purposes are within the overall aims of the organisation and are sel out in the notes to the financial statements. {b) Unrestricted funds - Funds which are expendable al the discretion of the directors in the furtherance of the objectives of the charrty. In addilion Ihe funds may be held in older lo finance capilal inveslment and working ¢aprtal. 1.5 Tanglble flxed assets Tangible fixed asse15 are slaled al cost less deprecialSon. Depreclalion Is provlded al rates ¢al¢ulaled to wrlle off the cost lèss eslimaled residual value of 8ach asset OV8r ils expected useful life, as follows,. Fixtures and equipment Tenants Improvement Property 20Yo Straighl line 20Vo Straight line Not depreciated 1.6 Leaslng Rentals payable under operating leases are charged a9alnsl Income on a straigm line basis over the lease lerm 1.7 Investment propertles Inveslnienl property, which is propety held lo earn renlals andlor for ¢apbtal apprecialion, Is initially recognised al cost, which includes the purchase ¢031 and any directly attributable expendilvre. Sub*quenily il is measured at fair value al the reporting end date. The surplus or deficit on revaluallon Is recognised in profit or loss. 1.8 Financial in$lruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments. and Section 12 'Olher Financial Inslfumenls Issues, of FRS 102 lo all of its financial inslrumenls. Financial inslrumenls are recognised in the ¢harily's balance sheel when the charity becomes party to the contraclual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when there is a legally enforoeable right lo sel off the regnised amounts and there is an intention lo settle on a nel basis or to rèalise the asset and seltle the liability simultaneously. 8asi¢ linancial assets Basic financial assets, which include debtors and cash and bank balances, are Initially measufed at transaction price induding transaclion costs and are subsequently carried al amortised cost using the effeclive interest method unless the arrangement constitutes a financing Iransaction. where the Iransaction is measured al the presenl value of the future receipis discounted al a maTkel rate of inleresl Financial assets classified as receivable wilhin one year are not amortised. 15-
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policle8 (Continued) Basic financial liabilltles Basic financial liabilities, including creditors and bank loans are initially recognised al Iransaclion price unless the arran9ement conslilules a financing transaction. where the debt instrument is measured al the present value of the future payments discounted al a rnarkel rate of Interest Financial liabilities classified as payable within one year are nol amortised. Debt inslruments are subsequently carried al amortised cost, using the effective interest rale melh¢XI. Trade creditors are obligations lo pay for g¢)ods or serVIS that have been acquired in the ordinary course of operations from suppliers. Amounls payable are classified as current liabilities if payment is due within one year or less. If not, Ihey are presenled as non-cuirenl Iiabililies Trade credilors are recognised initially al Iransaclion price and subsequently measured al amortised cost using the effedive inleresl melhod. 1.9 Pensions The company operates a defined contribution pension scheme Pension contributions in respecl of the scheme for employees are charged lo Ihe profil and loss account as they become payable in accordance with the rules of Ihe scheme. The assets are held sepaialely from those of the company in an independently administered fund Differences belween the amounts charged in the income and expenditure accounl and paymenls made lo pension funds are treated as assels or Iiabililies 1.10 Taxation The company Is a registered charity and Is nol liable lo tax on funds generaled from aclivilies within the scope of Ihe charitable exemptions 16
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of Flnanclal Actlvltles: Unrestrlcted funds 2024 2023 Notes Income and endowment8 frorn: Donations and legacies Income from charitable activilies Other trading acti¥ilies Income from investment5 Other incorne 1.137.561 50,005 1.051,326 45,947 44,810 29.398 5.730 Total Incomln9 re80urcè• 1,232,376 1.132,589 Expendlture on: Raising funds Charilable activities 11,011 1 ,067,794 20,620 974,299 Resources expend•d 1.078,805 994,919 Ineomlng regourceg before tran•lern 153.571 137,670 Transfer betwe8n fund8 (114.345) (108,081) Net movement in lund8 39,226 29,589 Ro¢on¢iliation of lund*: Total funds brought forward 2,144,860 2.115,271 Total funds carrled forward 2.184.086 2,144.860 17
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 ststement of Financial Activities: R8Strlcted funds Notes 2024 2023 Income and endowments from.. Donations and legacies Charilable activities Other income 303.917 401 4,576 212,580 1.649 3,800 Total inGomlng resources 308,894 218.029 Expendlture on.. Raising funds Charitable activities 7.524 360,746 8,449 310,847 Total resources expended 368.270 319.296 Net outgoing resources before transfer$ 159,3761 {101,2671 Transfer between funds 114.345 108,081 Net incomlngl(outgolngl resources 54 969 6814 Reconclllation of funds: Total funds broughl foNard 783.476 776,662 Total lunds caryied lorward 838.445 783,476 Donatlons and legacies Unrestricted Rostri¢ted funds funds Total 2024 Total 2023 Offerings Gift Aid Appeals and mis510nal support 949.470 188.091 28 229 32 180 243.508 977,699 220.271 243,508 884,989 194.136 184.781 1,137.561 303.917 1,441,478 1,283.906 18-
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitable activities Unrestrlcted Regtrlcted fund8 funds Total 2024 Total 2023 Fees and contributions 50.005 401 50,406 47,596 50.005 401 50,406 47.596 Other tradlng actlvitie• Unrestrlcted Re8trlcted funds fund8 Total 2024 Total 2023 Merchandise contribution 188 Income from Inve8trnent8 Unrestrlcted Re8trlcted fund8 funds Total 2024 Total 2023 Rent 8nd room hi Bank interest 42,356 2,454 42,356 2,454 27,675 1,723 44.810 44,810 29,398 Other Incom• Unregtricted Restrlcted funds funds Total 2024 Total 2023 Insurance income Grant income 5,730 3.800 4.576 4,576 4.576 4,576 9.530 Insuran income Is rnonies received from insurance Company in relation to a claim for property damage, Grant income relates to monies due in the period from funding bodies. 19-
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on raising funds Unrestricted Restricled funds funds Total 2024 Total 2023 Property management expenses Property loan Inleresl 11.011 11.011 7.524 20,620 8,449 7,524 11,011 7524 18,535 29,069 l O Expenditure on charitable a¢tlvltles Unrestricted funds Restrlcted funds Total 2024 Total 2023 Aclivily costs Support costs 916.474 151,320 358.769 1,977 1,275,243 153.297 1,143.098 142.050 1.067.794 360,746 1,428,540 1.285.146 11 Net incoming resources 2024 2023 Operallng surplus is slated after chargingl(credilingi'. Depreclalion of tangible assels Operating lease renlals Auditors, remuneration 31.670 2.211 1,607 34 500 2.412 1,516 -20-
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Employee8 Number of employees The average monlhly number of full and part time employeès during the year was-, 2024 Number 2023 Number 25 25 Employment C08ts 2024 2023 Wages and sa18ries Social SerItY costs Other penslon cosls Other employee benefits 623,762 45.787 20.321 5,048 594,540 43.958 19.665 3.965 694,918 662.128 13 Directors. r•munorallon No directors received any remuneration or were reimbursed expenditure from the charity during the year in Ihelr capacity as dlreclors. 14 Tanglble Ilxed a88ets Prop•rty T•nants Flxturm •ffld lrnprov•rn•nts *qlpm•nt Tot•1 Cost At 1 January 2024 Additions 2,239,591 104.706 465,042 20,461 2,809,339 20.461 At 31 December 2024 2,23g.591 104,706 485,5( 2,829,801 Depr¢¢iation and impairm•nt Al 1 January 2024 Depreciation Gharged in the year 74,327 9.514 412,441 22,156 486,768 31.670 Al 31 December 2024 83,841 434,597 518,438 Carrylng amount At 31 December 2024 2,239,591 20.865 50,SVJ7 2,311,363 At 31 December 2023 2,239.591 30,379 52,601 2,322,571 21
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Investment property 2024 Falr value Al 1 January 2024 and 31 December 2024 680.000 Investment property comprises solely of buildings The fair value of the inveslmenl propertles is not deerned lo be materially differenl than the nel book value. 16 Debtors 2024 2023 Arnounts falling due within one year: Activity debtors Olher debtors Prepayments and accrued Income 1 .042 29.705 23.504 9,340 21,405 26,924 54.251 57,669 17 Creditors: amounts falling due within one year 2024 2023 Bank loans Other laxalion and social securlly Operating creditors Other creditors Accruals and defefred income 41.112 11492 21.852 700 22 319 41,183 11.511 41.047 700 25.794 97.475 120.235 The company's property loans are secured by a legal charge Over the Pfoperties at 179, 181, 183. 185 & 187 Holywood Road. Belfast, the company s Interest In 2 Lough Road. Anlrim and a debenture. 18 CredltQfS: amounts falllng due after more than one year 2024 2023 Bank loans 282,057 303,762 Analysis of loans Repayable after 5 years Wholly repayable within 5 years Included in current Iiabililies 42 322 260.847 {41,112) 63.101 281,844 (41.183} 262.057 303,762 -22-
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Restricted income lund8 Balance at 1 January 2024 Incoming Resources resources expended Transfers Balance at 31 December 2024 Building$ Acts42Day Missional Vision 20-20 585,654 22,591 174,912 319 {7.524) {30.644) (329.783) (319> 28,522 606,852 9,332 222,461 17.385 291.509 85,823 783,478 308,894 (368,270) 114,345 838,445 The transfer to building fund from unreslfi¢led funds relale$ to property loan repayments made from rent recelved and an amounl of fund property additions. The directors transferred £114,345 from general funds to SUPPOrt Ihe missional activities of Ihe church and building fund. 20 Unrestrlcted Income fund8 Balance at 1 January 2024 Incoming resources Re80urce• expended Transfern Balance at 31 Decomber 2024 Unreslricled funds 2,144,860 1,232,376 11.078,805) <114,345) 2,184.086 23.
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Analysls of net a8sets between funds Tangible Net Current Flxed assèts assèts Total 2024 Total 2023 Re$triGted income funds Buildin95 Acls42Day Missional Vision 20 20 806.653 606,653 9.332 222.460 585,654 22,591 174,912 319 9,332 162.711 59,749 666,402 172,043 838.445 783,476 Unrestrlcted Income funds Designated funds Free reserves 2.021,792 2,021,792 2,013,418 162,294 131,444 162.294 2,021.792 162,294 2.184,086 2,144,860 2.688 194 334,337 3.022.531 2,928.336 22 Capital commitments The company had no capital commllmenls as al 31 December 2024 and al 31 December 2023. 23 Financial commitments The company had no financial commilmenls as al 31 December 2024 and al 31 December 2023 24 Non4udit service provision In common wilh many other chaTrties ol our size and nature we use Ouf audilors lo assist with Ihe preparalion ol Ihe financial slalemenls. 25 Company Status The company is a company limited by guarantee ané does not have share capital -24-
CHRISTIAN FELLOWSHIP CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 26 Cash generatgd frorn operatlons 2024 2023 Surplus for the year 94,195 36,403 Adwslmenls for: Investment income recognised in statèment of financial activities Depreciation and impairment of langible fixed asse1$ (44,810) 31,670 (29,398} 34.500 Movements in working Capltal Decreasel(increase) in debtors (D&re8se)linc•8e in credrtofs 3,418 (22,690) (12,4191 13,595 Cash g•n•ratsd frtsm operatlons 81.783 42,681 27 AnalyB18 of change8 In net fund&lldebtl At 1 J•nu*ry 2924 Ca•h 110 At 31 D•¢•mb•r 2024 Cash al bank and in hand 292,093 44,358 336.449 Loans falling due within one year Loans falling due after more than one year (41.183) (303,762) 71 41,705 {41.1121 (262.0571 (52.852) 86.132 33.280 .25-