Holywood Christian Fellowship Church .1 CFC Holywood Report and Accounts Year ending 31st December 2024 Index Page 2 Pages 3-5 Page 6 Page 7 Page 8 Pages 9-10 Legal & Administrative Details Trustee Report Independent Examinerfs Report Receipts & Payments Account Statements of Assets & Liabilitles Notes to the Accounts Holywood CFC Report and Accounts 2024
Legal and Administrative Details Correspondence Address Steve Green Finance Officer, Holywood CFC 34 Clara Avenue, Belfast, BT5 SER Governing Document Declaration of Trust dated 6th December 1989 Trustees Tommy Moore Paul Bett5 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 2024
Report of the Trustees Objects of the charitv To advance the Christian Faith in Northern Ireland and elsewhere by',- l. Holding church services and public meetings for praise, worship, bible teachin81 prayer, healing and fellowship; 2. Providing activitie5, 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 thing5 as will lor will tend tol 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 responsibilities 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 2024, Andrew Gibson, Colin Stewart, Paul Betts, Tommy Moore, Carl Mcmanus and Arlene McDowell oversaw the Holywood CFC operations as Trustees of the organisation. Major change5 2024 In 2024, under the leadership of Pastor Carl McManu5, the church saw sustained growth in the number of people and families attending the weekly service5 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. Services were delivered to all age groups, and members consistently participated in the organised activities. The delivery of other in-person activities such as youth, children's and counselling services, continued in line with the previous year, meaning the Trust's premise5 were extensively utilised throughout the period. During the year, the Trust continued to Support Holywood Family Trust and overseas partners involved in Christian mission and social transformation. Holywood CFC Report and Account5 2024
The Trust also continued to enjoy the benefit of being mortgage free after paying off the balance of monies owed in 2021. This removed the Trust's chief financial liability for the building assets and allowed the Trust to put money aside for future desired building improvements. The Trustees continued to manage the building5 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. Flnanclal Review Key points of 2024 are noted below: l. In 2024, income (£41,119) exceeded expendlture {£23,4351 by £17,684. 2. Cash balance at year-end was £58,175 3. There was no Grants in 2024 to other charltable causes, 4. The mortgage owed by HCFC for all its buildings was closed March 2021. Holywood CFC Report and Accounts 2024
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 also 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 2b os Mr Tommy Moore Mr Paul Bett5 Mr Andrew Gibson Mr Colln Stewart Mr5 Arlene McDowell Mr Carl Mcmanus Holywood CFC Report and Accounts 2024
Independent Examiner's Report To the Trustees of Holywood Christian Fellowship Church I report on the accounts Df the charity for the year ended 31 December 2024 set out on pages 7 to 10 which have been prepared on the basis of the accounting policies on page 6. Respettive responsibilities 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 examlner's report My examination was carried out in accordance wlth the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wlth 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 record5, 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 2024
Receipts and Payments Account Year Ending 31st December 2024 2024 2023 Incoming Resour$ Charitable income Grants and gifts received Grants towards Youth Hall (restricted) Tax refunds under Gift Aid 1,200 11,887 1,200 11,887 Other income Rent received Interest receivable Other Total Incoming Resources 29,000 670 10,248 41,119 26,000 300 9,577 47,763 Resources Expended Charitable expenditure in furtherance of the church's objectives Direct costs 23,435 19,918 Grants payable Purchase of 112 High Street Total Resources Expended 23,435 19,918 Net Incoming/(Outgoing ) Resources before transfers Transfers between funds Net Movement in Funds 17,684 27,845 Balances brought forward 40,491 12,646 Balances at the year end 58,175 40,491 Holywood CFC Report and Accounts 2024
Statement of Assets & Liabilities Year Ending 31 December 2024 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 £240,000 In 2014 112 High Street was purchased for £75,000 In 2014 a Youth Hall was constructed at a cost of £240,000. 2024 2023 Mortgage loan from Bank of Ireland 2. Bank & Cash Balances 2024 2023 Held at Bank 58,175 40,491 58,175 40,491 3. Other Assets & Liabillties Llabilitie5 Unbilled fee for Independent Examination The accounts were approved on ............. . by the Trustees of Holywood Christian Fellowship Church., Tommy Moore, Andrew Gibson, Colln Stewart, Paul Betts, Arlene McDowell and Carl Mcmanus. The notes on pages 6 and 7 form part of these accounts Holywood CFC Report and Accounts 2024
Notes to the Accounts Year Ending 31st December 2024 l. Accountlng Policles The accounts have been prepared on a receipts-and-payments basis with a statement of assets and liabilities. 2. Dlrect costs 2024 2023 Mortgage (note Sl Utilities Insurance Speakers gifts Special gifts Teaching and outreach material Maintenance and minor Improvements Part-time cleaner (note 41 Staff paye and contract Caterlng & 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 9,764.05 1,918.61 0.00 400.00 0.00 5,120.42 0.00 127.20 0.00 0.00 0.00 0,00 0.00 180.00 186.14 0.00 88.52 0.00 17,785 0.00 10.821.75 1,639.67 0.00 1,400.00 0.00 4,236.00 108.00 0.00 0.00 0.00 0.00 0.00 180.00 186.08 0.00 346.74 0.00 18,918 3. Grants Payable CCI Bassano Holywood Family Trust Other missionary projects Brazil project Dornans Indian projects 5,650.00 1,000.00 5,650.00 1,000.00 Holywood CFC Report and Accounts 2024
- Employment and Trustee payments Holywood CFC has NO direct PAYE employees during 2024. A part-time cleaner is employed by Holywood Family Trust. The Centre Director who is employed by Holywood Family Trust assists in matter5 relating to the church, and the church reimburses HFTfor his service. There was NO payments made in 2024.
- Property Costs 2024 2023 Mortgage capital payments Mortgage monthly payments total Ground rent 0.00 0.00 13.00 13.00 0.00 0.00 13.00 13.00 Holywood Famlly Trust is a charitable company limited by guarantee, which operates from the church premises, but has Its own directors and admlnlstration. Both organisatlons share common aims and objectives, and financial transactions between them are noted below: 2024 2023 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 0.00 0,00 0.00 0.00 Re-imbursement of utility costs to HCFC by HFr Rental from HFT to Holywood CFC 10,248.26 9,577.03 29,000.00 26,000.00 Holywood Family Trust is not consldered to be a 'connected charitv,. CFC Holywood is a charltable company limited by guarantee, which operates from the church premises, but has its own dlrectors and administration. Both organlsations share common alms and objectives, and financial transactions between them are noted below.. 2024 2023 Rental from CFC Holywood to Holywood CFC 0.00 0.00 Holywood CFC Report and Accounts 2024 10