Holywood Christian Fellowship Church tCFC Holywood Report and Accounts st Year ending 31 December 2023 Index Page 2 Pages 3-5 Page 6 Page 7 Page 8 Pages 9-10 Legal & Administrative Detalls Trustee Report Independent Examiner's Report Receipts & Payments Account Statements of Assets & Liabillties Notes to the Accounts Holywood CFC Report and Accounts 2023
Legal and Administrative Details Correspondence Address Steve Green Finance Officer, Holywood CFC 34 Clara Avenue, Belfast, BT5 SER Governing Document th Declaration of Trust dated 6 December 1989 Trustees Tommy Moore Paul Betts Andrew Gibson Colin Stewart Arlene McDowell Carl Mcmanus Bankers Ulster Bank 9-11 Church Road, Holywood. BT18 98U Independent Examiner David J Bennett 9 Londonderry Avenue, Comber. BT23 SES Holywood CFC Report and Accounts 2023
Report of the Trustees Objects of the charltv To advance the Christian Faith in Northern Ireland and elsewhere by:" l. Holding church services and public meetings for praise, worship, bible teaching, prayer, healing and fellowship; 2. Providing activities, education and teaching for children and young people; 3. The support and encouragement of the Christian Church at home and overseas; 4. Such other charitable acts and things as will (or will tend to) promote or encourage the Christian faith and which are in sympathy with the other aims and objects of the Churches Trust Deed; Governance The legal, policy and financial responslbllities of the church rest with the Trustees who meet to monitor the activities of the Trust. The existing trustees appoint new trustees. As a result of the successful church re-launch in 2019 under the leadership of CFC East, and the appointment of the new Trustees to the board in 2021 and 2022, there is a robust plan in place to ensure the continued good governance of the organisation going forward. During 2023 Andrew Gibson, Colin Stewart, Paul Betts, Tommy Moore, Carl Mcmanus and Arlene McDowell oversaw the Holywood CFC operations as Trustees of the organisation. Major changes 2023 Sn 2023, under the leadership of Pastor Carl Mcmanus, the church saw sustained growth in the number of people and families attending the weekly services and events. During the year the church was led in harmony with the objectives of Holywood CFC Trust and demonstrated an on-going commitment to Holywood Family Trust, our key partner. Service5 have been delivered to all age groups and members have consistently participated in the activities a nd services. The delivery of other in-person activities such a5 youth, children's and counselling services, resumed to pre-covid levels during the 2023 year, meaning the Tru5t'5 premises have returned to more normal levels of utilisation. During the year, the Trust continued to support Holywood Family Trust and overseas partners involved in Christian mission and social transformation. The Trust continued to enjoy the benefit of being mortgage free after paying off the balance of monies owed in 2021. This removed the Trust'5 chief financial liability for the building Holywood CFC Report and Accounts 2023
assets and allowed the Trust to put money aside for future desired building improvements. The Trustees continued to manage the buildings for users and to maintain the upkeep of the fabric of the premises. It is anticipated that eventually the assets of Holywood CFC will be acquired by CFC East. With this aim in mind, the Trustees appointed from CFC East will be involved in planning an approach and methodology of how this will be done. Financial Revlew Key points of 2023 are noted below: l. In 2023, income1£47,763) exceeded expenditure (£19,918) by £27,845. 2. Cash balance at year-end was £40,491 3. There was no Grants in 2023 to other charitable causes. 4. The mortgage owed by HCFC for all its buildings was closed March 2021 Holywood CFC Report and Accounts 2023
Trustees. Responsibilities Charity law requires Trustees to prepare financial statements that record the receipts and payments of the charity for each accounting period. We are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and to ensure that the financial statements comply with relevant regulations. We a150 have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or other irregularities. Approval This report was approved by the Trustees of Holywood Christian Fellowship Church: Date (8 Mr Tommy Moore Mr Paul Bett5 Mr Andrew Gibson Mr Colln Stewart Mrs Arlene McDowell Mr Carl Mcmanus Holywood CFC Report and Accounts 2023
Independent Examiner's Report To the Trustees of Holywood Christian Fellowship Church I report on the accounts of the charity for the year ended 31 December 2023 set out on pages 7 to 10 which have been prepared on the basi5 of the accounting policies on page 6. Respertlve responsibilitle5 of trustees and examiner The trustees of the charity are responsible for the preparation of accounts. I have been appointed to conduct an Independent Examination equivalent to that required by section 43 of the Charities Act, 1993 and to report in accordance with the regulations made under section 44 of that Act. It is my responsibility to examine the accounts, without performing an audit, and to report to the Trustees. Basis of Independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charlty and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement Based on my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect, accounting records have not been kept equivalent to those that would have been required if the charity was required to comply with section 41 of the 1993 Act, or that the accounts presented do not accord with those records, or comply with the accounting requirement of the 1993 Act. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. Date David J Bennett For and on behalf of: David J Bennett & Co 9 Londonderry Avenue Comber, County Down BT23 SES Holywood CFC Report and Accounts 2023
Receipts and Payments Account Year Ending 31st December 2023 2023 2022 Incomlng Resources Charitable income Grants and gifts received Grants towards Youth Hall (restricted) Tax refunds under Gift Aid 11,887 2,575 11,887 2,575 Other income Rent received Interest receivable Other Total Incoming Resources 26,000 300 9,577 47,763 3,5Crf) 22 11,135 17,232 Resources ExperKled Charitable expenditure in furtheronce of the church's objective5 Direct costs 19,918 19,344 Grants payable Purchase of 112 High Street Total Resources Expended 19,918 19,344 Net IncomSng/{Outgoing ) Resource5 before transfers Transfers between funds Net Movement In Funds 27,845 -2,112 Balances brought fonNard 12,646 14,757 Balances at the year end 40,491 12,646 Holywood CFC Report and Accounts 2021
Statement of Assets & Liabilities Year Ending 31 December 2023 l. Fixed Assets The value of the assets owned are: Freehold building and out buildings Equipment 975,000 5,000 980,000 The professional valuation of the building was performed in December 2005 at £420,000. Since the valuation, a new community hall has been constructed at a cost of £240,IX)O In 2014 112 High Street was purchased for £75,000 In 2014 a Youth Hall was constructed at a cost of £240,000. 2023 2022 Mortgage loan from Bank of Ireland 2. Bank & Cash BalarKes 20Z3 2022 Held at Bank 40,491 12,646 40,491 12,646 3. Other Assets & Liabilities Llabllities Unbilled fee for Independent Examination The accounts were approved on ......... ...... ....... .- by the Trustees of Holywood Christian Fellowship Church: Tommy Moore, Andrew Gibson, Colin Stewart, Paul Betts, Arlene McDowell and Carl Mcmanus. J. . •• The notes on pages 6 and 7 form part of these accounts Holywood CFC Report and Accounts 2021
Notes to the Accounts Year Ending 31st December 2023 l. Accounting Pollcles The accounts have been prepared on a receipts-and-payments basis with a statement of assets and liabilities. 2. Direct costs 2023 2022 Mortgage (note 5) Utilities Insurance Speakers gifts Special gifts Teachlng and outreach material Maintenance and minor improvements Part-time cleaner {note 4) Staff paye and contract Catering & cleaning items Music & PA items Centre Director (note 41 Special events & conferences Travel expenses Legal & professional fees Bank fees Building renovations Misc. other costs Purchase 112 High Street 0.00 10,821.75 1,639.67 0.00 1,4OJ.00 0.00 7,591.89 1,538.70 2,8CK).tMJ 4,236.00 5,234.68 564.33 100.80 59.60 0.00 0.00 108.00 0.00 0.00 0.00 0.00 0.00 180.00 186.08 180.(X) 188.09 346.74 1,085.43 0.00 19,344 18,918 3. Grants Payable CCI Bassano Holywood Family Trust Other missionary projects Brazil project Dornans Indian projects 1,000.00 I,o(x).00 Holywood CFC Report and Accounts 2021
- Employment and Trustee payments Holywood CFC has NO direct PAYE employees during 2023. A part-time cleaner is employed by Holywood Family Trust.
- Property costs 2023 2022 Mortgage capital payments Mortgage monthly payments total Ground rent 0.00 0.00 0.00 13.00 13.00 0.00 13.00 13.00 Holywood Family Trust is a charitable company limited by guarantee, which operates from the church premises, but has its own directors and administration. Both organisations share common aims and objectives, and financial transactions between them are noted below: 2023 2022 Gifts from Holywood HCFC to HFT Cleaner's salary & PAYE paid by HCFC to HFT Centre Director salary paid by HCFC to HFT 0.00 0.00 564.33 0.00 Re-imbursement of utility costs to HCFC by HFT Rental from HFT to Holywood CFC 9,577.03 11,135.13 26,1X)O.00 3,500.LXI Holywood Family Trust is not considered to be a 'connected charity,. CFC Holywood is a charitable company limited by guarantee, which operates from the church premises, but has its own directors and administration. Both organisations share common aims and objectives, and financial transactions between them are noted below: 2023 2022 Rental from CFC Holywood to Holywood CFC 0.00 Holywood CFC Report and Accounts2021 10