Iiiiiniii
Coii)pJny re&iisirJiivn nuiiibL'r- JN1043211
Charify w8isifJiioii Iiiiii)b¢r: Ni IC 101638
*JCBYQE04•
1310912023
COMPANIES HOUSE
JNI
148
New Horizon Ministries Limited
(Company Limited by Guarantee)
Annual report and unaudited financial
statements
for the year ended 31 December 2022

New Horizon Ministries Limited
Annual report for the year ended 31 December 2022
Pages
Reference <iiid adminislrdliv¢ deldils
Trnsices, report
Independent examiner's report
Siateni¢nl of financial aciivilies
Balance shcet
Staleinent ofcash flows
10
Nofcs to tlie financial slaicincnts

New Horizon Ministries Limited
Reference and Administrative Details
Charlty name
Nciv HoriLon Miiiisirics LimilLYl
Charity regislr8tlon number
NIC101638
Companv regislratlon number
N1043211
Principal office
12 KillyvJlly Road GarvJyh
GarvJg,h
Co Londondcny
BTS15JZ
Re¥istered office
12 Killyi'4lly Roud Gurvu¥h
Garvagh
Co Londondc
BTS15JZ
Trusteesl Directors
Dr Puul Coulicr
Mr Poul Gilinore {appoinic<l 16th May 2022)
Mrs Laura Nclson {opw>inicd 16ih Mi ay 2022)
Mr Rich¥rd Hill Ir¢si8ncd 3 Ociobcr 2022)
Mrs DortnA Jeni)iiig5
Mrs Ali Kni&ihi
Rcii Mi ark Lcnnox
Secreiary
Mrs Ali Knighi
Solicltor
Hcw'ill & Gilpin
14-16 James Sircci Souih
Beira
Co Anlrim
BT2 7GA
Bankers
Dunskc Bank Limilcd
Kilrea
l Neiv Row
Coleraine
Co Londondcrry
BT515QS

New Horizon Ministries Limited
Trustees, repori for the )'e#r ended 31 December 2022
ThL Tru%lLLS. wlio urc dlso ilie DircLiors' of ilic coinpJi)y undcr iIiL prviii%i01is of Ihc Coii)P411iiCS ALI 2IXI6. prL'seiii
Iheir )nniial repon and tl)e iinaiidiied finJnci4i1 siaienienis for ihL yL'ar ended 31 December ?0?2. The Tnisi¢¢s hav¢
JduplLd Ihe provisiuns ol- IhL Coinp<inIL￿ ALI 2LK)6 Jnd IhL SiJlcmL'lIt of RcLomnicndcd PrdLIiLL (SORP)
'Accouniing ai)d Reporting, by Charilies, Flis 102 in preparinb* ilie annual ieport aiid un47udiied finiiicial staienieiits
ofihL. Cliariiy.
OrEunisMtlons
New Horizon Miiiislrics Liinii¢d is a rcbvisi¢r¢d cliariry 111)d a ¢onipany liinii¢d by gUarnnI￿ s¢1 up on 14 M4?y
2002.11 is g4)i'erncd by a Mcinorondum and Aniclcs of A5sociaiion thol wtrL lasl Jmciidcd on 14 May 2￿}2. ThL'
Chariiy has also sui¢¢ssfully r¢gi$icred %viih Ihc ChJrily Coinmission for Northern Ircland nviiib¢r NICI 0168.
Mi55ion S¢altmi'nl
Thc mi￿10￿ siai¢in¢nl slai¢s ihai N¢w Horizon Mini¥trivs ¢xis¢s to b¢ us¢d by God. Ihrou¥h th¢ ry>w¢r q)r Hi¥
Spirii, 10 inspire a sL'IflL'ss surrLndcr 10 His Son, d radicr41 olxylience to His Word, an t'nduring po5sion for His
Kingijom. an uncondiiional lovc for His World,
Strulture, GovernDnce und Nlonagement
The &iovcrning docu1￿en1 for NL cw HoriLon Minisiric.8 is curreftily tlie iiieiilornndum aiid articles of associoiion. The
FJoJrd ha% di.scusscd and drafted proioeols coveringTr ille Board lind ihc excciiiiye Managcmcni Team. {Thesc iY¢re
adopicd afiL'r 31 D¢cL'iTrbL'r 2014 and hJY¢. kn.n rc'b?ularly rcvicwcd und Upda1{￿ as ncccssilry). Tlic prin)ary
lunciions of Ihc Ncw Hori7.on Bnar(J arc in providc vi.%ion and leader.4hip li)r the future course of ihc evcni. rcvicw
and protect thc erhos oi)d pufpoqe of Nlcw Horizon and cnsure ilicolobyical baljncc Ihroubhoui ilw orbianisaiion.
Tlic 11)&in iasks of ihL Board JrL' cnsurinu iliai ihL cvL'ni is plannLd in u wny consi$iL'ni iviih ils vision and valuL'$ und
s¢lecting ihemcs and muin spcak4rs for coch ycarfs cvcnl, cnsuring ihal main spc)kcrs rcnccl Ihc iiurying %lrand% of
evtshgelical ¢onviclion. In uddilion, IhL' board is rL'sponsible for appointin¥ new board members.
Board members serve for an iniiial period of ihree years and iliis can be extended by iiiutual conseni io a second
lern) of a fijnher ihrcc ycars.
ThL Board sceks to cnsiirc ihai a broad rangc of skill¥, cxpcricncc, and background Dppropriaic lo tl)c ownisaiion is
mainlJJiiKxl wiLh•n Ihc Uth'ird iii¢inbi'rship,
Tlie day ￿ day ofihc orbiJnisation 1.% delcbyatcd by the Boar(I lo aTh cxcculivc MJna¥cmcni TcJitt.
Siinilar principles ofrcncwal Jrc Jpplied io iliis Tea1￿ and ihe BLiard ensurcs ihai all Ihc nccessary skills for running
Ihc organisaiion are prescni ivithin thai Team.
Tho Board. Ihrowgh il.s c.¥cciilive MJnagcrncTbl Tcani. cl￿￿￿¢ Ihal all ri8k5 10 ii.hich ihc or¥anisalion is exposcd aTC
idcnlificd, Iviih syslcins dnd prLKcdurE> in plucc to InunJ¥c ihoi•C risks.

New Horizon Ministries Limited
Tru$lces' repori for the year ended 31 December 2022 (continued)
Objeclii'es and Acti¥'ilies
ew Horizon aims io proi'ide resources for and encoiirng•e Cl)risii8n5 in Ilieir Chrisiian lives. This is done in line
willi ihL lnis.siun SlulL'mcnl nvlLd ubovL.
Thc priinary uciivily ofNL%W Huri£on M iniilric> 1.% Ihc p1411111inbi, orgJniiinbl, Jnd ruiininb of un unnudl WLLk-loii¥
confcrencc. held each sunimer on ihe ean)puS of Ulsier University in Coleroine. Nlorthern Irelaiid.
Toial footfall during ihe week is around 30,C4)O wilh up lo 3,000 peoplc ai cvening cvcnt. Som¢ pcoplc just come
ror a day while oihLfs Stuy for ihl ivhi)Ic u'cck which ihe bcnLfJiS ihe local hospit)liiy indu.qrry. Therc is ll full
progrominc of children's and youth Qelivilics from O -18 ycar8. while ihL adul( programinc. has a good spread of ogcs
und rcll¢¢is u broad run&7c of¢vun&*cli¢al conviciion wiihin Northcrn Irelond ond funhcr aficld.
Thc activities of ihc evcni comprisc Bible tCQLhing. worship. sL'rninars, and an CXiL'nsivc progruminc lor ¥hildrcn
nd youih.
In order io succvssfully rnii ilie conference: N'ew Horizon IKakes significanl use of voluntccrs. Th¢s¢ volunteers ore
involvcd in QCiiViliLS SULh a% sic%4tJrdingi, $llL niaini<nanLL during ihc Lvenl, running youth und Lhildrin's
prograinnies, accessibility, finaiici11 nia111i gemeni and adniinistruiion. promoiiontsl ttciivilies. seiiiindr planning,
providing praycr un4J Pdsioral suppun us IVLII ay uihL'r uLIiviiiL's.
Nciv Hori20n esiimJte% ihdt there Jre Jppro.Kimdicly 4no volLbniccr.s involvcJ in Ihc manogLmLni Jnd Nnnin¥ uf the
cv¢ni. Clearly Ilie cconoiilic Yalui aiiribuied io ihesc volunicers is imp05siblc 10 nieasurc and is ihcrcforc nol
includLd in thl. l inJnLial SlatLmL'nts.
Puhllc Benefi( St*lrment
New Hori70n's piirpose is to adi'un¢¢ lh¢ Christian faiih, particularly hy icaching Chrisiians Ihc characicr of Cio
through Biblc Icachinb* and Siiinultsiingi Chrisiians inio funlicr commiimcni in ociivc Clirisiiah sern*i¢c in Nortliern
Ireland artd throu&ihoiii ihe ivorld. Thc direci benefils ￿,hICh tlow froim ihis purposc includc bcncliciarics bein
betier cilizerts and bieitinb more involi'cd in ihcir local comiiiuniiics or challcngcd 10 do charilable acts in other
counlricl. Thc.8e bcnefil.q arc dcm<ynstraied ihrou8h fcedbuLk from bcncliciJric8 and ihc faLi Ihat lJr¥c n￿rnber5
Ilcnd Lach yLur. li is bL.lii'vid Ihal nv hann uri?*C¥ from Ihi'so, pufpob4i. ThL' ¢114rily'i Ix'n¢ficitsri¢s orc adul1¥ and
hildrcn mainly froni N Irelund. A private bcnefii floivin¥ from Ihesc piirposL'S ihdt is incidL'nial, is thai Niw
Horizon cmpluy SlJtr &, cn¥aKL suppliLrs, Ihis bL'nefil Loiiiribulcs dire¢ily 10 achiLIVlllbi ihe charily'.s purposc.
Achltvement Jnd Perform8n¢e
rulloiviny iivu yl'urs wli¢f¢ Ilic ov¢iil ¢ouliJ only bc h¢ld as an onlin¢ orflring duc io Covid rcslriciions, 2022 wuts
Ihe first full eveni since 2019 ofTering both udult and ehildreii's programmes.
The irusices arc plcdscd wilh ihe aiicndancc aiKI engugcmcnt ai Ihc eveni ond bcli¢ve ihc eveni 10 bc a success.
Whilbi numb¢rs wcre down aboui 20125D/o on 2019, the lrnsiees bclievc Iliis is in linL' wilh Ihe griidual Iran5ition
back to 'nonnal' folloiving Covid is iii line iviih Ivhal ha5 bcen n acr055 oih¢r sirnilar cvcnls.
Th¢ irnsiees are saiisfied ihai ihe organisJiion is being run in line wilh ils siaied mission siaieinei)i.

New Horizon Ministries Limited
Trustees, report lor the year ended 31 December 2022 (continued)
Fin#ncial revie￿.
The inisiees re Solisfied wilh ihe overall financial perforinance ofihe or8anisaiion.
2022 ended iviih a deficil of L42,277 coi?)pared iviili J deficil of £6,493 in 2021. While ihe nornial eveni did lake
plilcc for IhL. first yLJr folluivintsi 2 years ufonlink c'VLnlb, iiuinbL'rs ivc'rl redu¢￿ iliu5 hayinbi il Jir¢'¢l iiiii)aci on Ihe
income of Ilie eveni whi¢li wfis down by c.15-20Vo on 2019, Ilie lasi full eveni. 2022 also saw ￿'Orld evenis lead io o
osl.of-livinbi crisis for ihosL' livinbi iii Norihcm ITclai)d which iii)pacicd iillcndces. iibiliiy lo brive. Cosfs ivcrL'
iinpacicd by higli leittls of inflaiion as ivcll as Ilie iiiipacl ofgciieral ¥vorld cconomic evenis. Tlie M?na&rcincni Te41111
vorkcLI in all arca% to rcduec costs i%,herc possiblc and limii Ihc oi'erall inipact ol'riqing cosis. Thc fall in incom¢ and
incrcasc in costs nonoihcless mennt a dcficii of £4?k. This dcficil has bccn covcrcd by iyc￿, Horizons gcneral
rcscryes.
Plans for f￿tUre perinds
Atlcr rcvicivingi ihc ULll%'ity in 2022 the tru¥lecs dfc salisficd Ih&il ils iiims und objcLiivcii by organi5in¥ ihe ivcek
conference should remnin unchanged.
Prln¢Spul aclivlty
Tlie principal aclivily ofihc coinpaiiy is 10 odvancc Ilie Chrisiian rcligion in o¢cordtsn¢c wilh tlic docirincs and
prin¢iplcs %ci oui in Ihc Aniclcs of Associaiion to ihc inieni Ihul Chrisiian bLlicvcrs shall beiier un(Icrsiand ihe
characlcr of God ihrougl) biblical icacliing and bc Siiiiiulaled io exprcss ih¢ir winn)iiimeiil in aclive Clirisiian service
in Ir¢land and Ihrou¥hoiil Ihc world.
Risk nbJn#Remenl
The Irnsiees hiive usscsscd thc major riqks lo which Ihc churily 15 exposcd. in Piifiiculur iknsc rclaiinx 10 opcrdiilins
aiid f)nan¢es. Thc irnsiccs are niindful of ihc risk of cxpendiiLirc cxccediiig in¢oinc and arc s)lisfi¢d ihai systems ore
in place to TniiigJl¢ eMp05iire 10 those risk.4. namcly by promolins new means of incrca5ing income and rnaaa8in¥
Ihe c051s of ilie conference.
In 2021 un indepcndenl Hcalth aiid Safcly Lonsuliaiii iV<lS enbJJgcd lo assess lh¢ opcraiional healih and safcly risk or
Ihe cvcni. Thc consiiliani rcponed p05iiii'ely aboui Ihe policy, proccdurcs and proloco15 in placc and 8avc ihc Board
05suran¢¢ ihai Ilic Healih and Safciy ri>ks associJicd ivilh IhL ¢v¢ni wcre well Inandkied.
Tlie ii¢iv risks Jbsuciaic¢J wilh Covid-19 liav¢ been ass¢ss¢d aiid faclored inio Ili¢ operational risk IMJnag¢ni¢nl
iISSCSbmcni for ihc cvcni.
All risks coniiiiuc lo ￿ ¢QiKqidercd on an annual b05i.$.
Reseri'¢s poli¢v
The coinpany"s policy is 10 m¥iniain a Icvel of unTesrricicd ￿ndS excluding fixed assels (Ihe frcc reserves) ai
#pproximaiely a level sufficicni io meel the averagc chariiuble expcnditurc and runnin&? costs for 8 period equivaleni
lo six Inonihs e,¥pendiwre. which equaies 10 approximaiely £ I I I k (based on 2022). The acwal "free reserves ' 1131
DcLcinber 2022 iycrc £94.14012021.. £136,417). Thc dcficil incurrcd in 2022 has rcduecd reservcs below tlie ￿)licY
level and the Irus(ees ivill airn 10 address ihis in ?023.

New Horizon Ministries Limited
Trustees, report for the year ended 31 Deeember 2022 (eontlnued>
Stoltment o( trusteos, rtsponsibililits
Inisiccs (who drc also dircctors for Ihe PLirposcs of con)pany law) arc rcsponsiblc for preparing the Trusiees,
Report dnd tliL finJnLial slJlciiiLnts in Jccordancc with Jpplicablc laiv and Uniled Kiiiswdoin ALcounlinb Siandards
{Uniicd Kin¥don) Gcncrdlly Accepied Accouniing Prnciicel.
Company laiv rcguircs Ihe Inisiecs 10 pr¢pnr¢ fiiMn¢iiil sihl¢ni¢i)ts for each finaiicial ycar. Undcr Ihui law Ihc
ITuslccs havc prcpored Il?c financiul siaici))ents in accordance iviili Urti<ed Kingdom Gencrolly Acccpied Aciouniing
Praclice IUni(cd Kingdom A¢counrin¥ Stand#rds and appli¢abl¢ lawl, includin8 FRS 102 'The Financial Reportinb.
Standard applicablc in ihc UK and Republic of Irc141nJ" Under company laiv ihe iruStcc.8 inusr nol approyc Ihe
financial siaiemenis unless ihey are salisfied ihat iliey give a irne and fair i'iew of the siaie of Ihe affairs of ihe
Lhariidblc LOI))pdny nnd of ihL inLoiiiingi rL'sourLes Jnd appliLalion of re50urce$, including (he inLoinL und
e.Ypeiidilure, of Ilie chariiable compftny for Ihai period.
In preparing il?es¢ financial Siaiemenls, Ihe irustees are required io:
sclcci suilablc accnuniing polici¢5 ihen apply ihcrn consisicnily:
obscrvc ihe mcihods and principlcs in ihc Charitics SORP-
make judbieniei)Is and accouniii)bi estimaies ihai are reasonable and pnJdeni;
SlJl¢ ivlic'ilier Jpplicibblc UK A¢couniiii8 SidndJrds and FRS 102 hdvc bccn followed, subjeci io any
miierial departures dis¢losed ond explained in Ihe financial sialeii)enls; and
prepare Ille financial siaien)eiiis on Il)e bioiiig concern basis unless il is inappropriole lo presuinc ihai the
haritabli company ivill continue in business.
Thc iThs¢ccs urc rcsponsiblc for kccpinu propcr aLcountin¥ r¢Lords ihai di¥closc with rcasonable aLCllrnCy al any
lime ilie fjnancial posilion of the cliariinble company and e17able ihen) io ensure Ilial the financiiil sioiemenis coinply
vitl) Ihe Companies AL'I 2006. Thcy arc J180 rcsponsiblc for sJfeguJrdints ilic ussels of ihc chariiabl4 coinpuny and
h¢nce for iakin8 reasonable yeps for the preveniion and deieciion of fraud ai)d oilier irregularities.
Smull ¢omptsnles' ¢¥¢mpt60
This rcport hilb bccn prcpared in ac¢ordancc iviih ihe special provisions relalinsi lu siiiall cornpanics iviiliin Part 15
of ihe Companics A¢1 2006.
The 3nthual rcpon was approvcd by Ihe Inisiees of the Chariiy on I S Muy 2023 und signed on ils behalf by:
Mrs Ali Knight
Trusiee

New Horizon Ministries Limited
Independent eTaminer's report to the Truslees of New Horizon Ministries Limiled
I report on ihe accounts of Ihe charily for (he year ended 31 Decernber 2022. Ivhich are sel oul on page5 8 10 18.
Rtspe¢tive responsibilities of ¢hiritJ' trustees and exim iner
As the charity Trusiees you are responsible for the preparaiion of the accounts in accordance w'iih ihe requirements
of the Charilies Aci (Northem Ireland) ?￿8 and Cornpanie5 Aci 2006. Haying saiisfied myself Ihat ihe charity is
noi siibjeci 10 audil under Ihe legislation and is eligible for independent eiaminaiion, il is my responsibility 10:
examine the accounis under seciion 65 of Ihe Charilies Aci
folloiv Ihe wocedures laid down in Ihe general Direciions given by Ihe Chariiy Commission for Nonhem
Ireland under section 63(9)(b) of Ihe Charilies Acl
siale wheiher panicular Mane￿ have come to my atteniion.
Basls of Independent exgminer's rtport
I have exainined your ¢harily accounis as required under seciion 65 of Ihe Charities Act and my e¥aminaiion was
Ca￿led oui in accordance willi Ihe general Direciions given by Ihe Charity Commission for Northern Ireland under
seclioii 65(9)(b) of Ihe Chariiies Aci.
The e.%aminaiion included a review of the ac¢ouniing records kepi by the chariry and a coinparison of Ihe accounis
presenied with those records. li also included consideration ofany unusual items or disclosures in ihe accounts, and
seeking e.¥planaiions from you as chariiy trusiees concerning any such maners.
My role is 10 siaie wheiher any maierial mallers have come 10 my aneniton Eiving me cause io believe:
Thai accouniing record$ were not kept in a¢cordon¢¢ wilh S¢¢lion 63 of ih¢ Charili¢s Acl and 5eclion 386 of (he
Companies Aci 2006
2. Thai the accounts do not accord with those accouniinu records
3. That the accounis do noi comply wilh Iht accounting requiremenis of $ection 396 of Ihe Companies Act and iyiih
the methods and principles of Ihe Charilies Sialemeni of Recommended Practice applicable lo chariries preparing
Iheir accounis in accordance wilh the Flnancial Reponing Siandord applicable in ihe UK and Republic of Ireland
4. That (here is further infomiaiion needed for a proper undersianding of Ihe accounis lo be reached.
Independenl ex*miner's slatem¢mi
have compleied my examination and have no Concerns tn respeei of ihe maiiets { l ) ¢014) listed above and, In
eonneclion wilh folloiying Ihe Direciions of the Chariiy Commission for Northern Ireland. I have found no mallers
thal require drawing lo your aTheniion.
Samuel Dundee ACA
Belfasl
15 May 2023

New Horizon Ministries Limited
Statement of Financial Activities (incorporatiTrg summary income and
expenditure account) for the }'ear ended 31 December 2022
Unrestrlcted
Funds
2022
Unreslrlcled
Funds
2021
'ole
Incomlng r¢sour¢¢s I Incnme
Incohiiiiy r￿0￿re¢.8￿101i1 gener4ledfuiid.f
Voliiniary income
ALlivilics for &icncruiing funds
Invcstmcni incoinc
142.17J
38,688
18J
63.809
142
161
T()l#l Incthnilng rtsnurces
Rosourcc5 ¢Jp¢ndod l Eipen5C>
Co.Fls iifg*iieruliiis liind.I
ChJrilablc aLtivilies
181,044
64,112
223,321
223,321
142.277)
142,277)
70,605
70,605
(6,493)
16.49i)
Toijl eosis of gtneraiing funds
Net In¢omè (È.%pend•turell Ineome
Nel niovemenl in (unds
Fund funds brouglii fonvard ai l January
To1￿1 funds ¢*rried for%i'thrd 91 J l Dtttmber
136.418
94,141
142.911
136.418
All aiiiounis llbove rclaie io coniinuins opcralions of thc company.
The ¢ompany ha.s no ￿08n1$¢(l blains and lo$b¢$ oiher Ihan thosc included in Ihe r¢siiliq above Iherefore no
separaie siJicincnl of iolal r¢cogni5cd &rains and losses hJs bcen wcsciilcd.

New Horizon Ministries Limited
Balance sheet as at 31 December 2022
2022
?o?I
Fixed Jssi'ls
Tan iiblL' fixL'd aiiscis
¥13
1,343
Current a55ets
Debtors
Cash J¢ bank and in hand
12
4,010
118,778
122,788
129,46(J)
Y3,-12X
94.141
94.141
342
135,334
135.676
(601)
135,075
136.418
136.418
Credilors: Mmfiunls fullin
dut ii'iihin fjnt i'eiir
13
Net current dssels
Tolfjl asset.s Icss curr¢nt liahili1i¢5
Ncl as¥clS
The funds of Ihe churlti,
Unr¢slricl¢d iniome fundb
Tulal rhArilv fund
16
94,141
94,141
136,418
136,418
Thc direciors con%idcr ihai tliL' CI)IIIPl* ny is eniiilL'd io exemption froin Ihe requireinenl io l)ave )n Judil under ilie
provisivni of %cLiiun 477 ofihc Coiiipanics Aci 200(i A¢(,) éjnd Ihci)Ibcrb h*ive iioi rcquircd ihc coii)paiiy io obtain
dn dudii for Ihe ycdr in qUCSiion in ULLordanLc witli 5LLlion 476 of ihl Aci.
The directors a¢krtowleds•e Iheir rcsponsibiliTi¢S lor ensiirinsy thHI the conipdny kccps thc¢ouniin¥ r¢Yords %vhi¢h
coniply willi seciion 386 01. Ilie AL( and fur preparin¥ financial 8ioieiiienis which &iive a INC and fair Vic￿, of ihe
¥lJlL vfaffJirs of Ilic. cuinpllny 41$ UI 31 DL¢Linb¢'r 2022 Jnd of lis profil fur IhL' ycur il)Cll Liidcd in uL'cordJiiLL wilh
Ihc rL'quifL'incnis of ¥LClions 394 Jnd 3Y5 of thL ALI dnd whiLh othcrwise cornply iviili ihe requir¢mcnlb of ihc
Companics Acl ?006 rclJling io ihc financial slulcmcnis so far Js pplic)bl¢ io Ihe coinpany.
These financiii18ITJi¢menis ve beei) prepared in a¢¢ordancc willi Ihc provisions applicablc io companiL's subjecl
io Ihc smull LoinpiLniLS' regimc.
The financial slalenicnrs on pages 8 10 18 were approved by lh¢ board on 15 May 2023 and were sisned on 11$
beh)Ir by..
Mrs Ali Knigl)I
Trusicc
The noies on pagcs I I to 18 dre an inicgrnl part of thcse financial siaicments
Company rL'¥iStTlltion numbL'r'. N1043211

New Horizon Ministries Limited
Statemenl of Cash Flows for the yeydr ended 31 December 2022
Z022
2021
N'oics
Cosh
used bv
rni'td¢d bv
erulln
a¢iii.Ill¢s
18
Cash floAI' from inve.4tin
2ctivities- Purchasc of tan
iblc ￿sSelS
Inercas¢l {Dccrcase) in cash and casli cquivttlenls in ihc year
C851) and cash ¢quii'lllenis fll the beginiiin8 of Ihe yenr
Total cash ond cash equli'alents ai ihe end o( Ihe year
135,J34
118,77
142,531
135,334
Thi no1￿ on pages 1110 18 ur¢ J¢1 ii)i¢urdl puri of¢h¢s¢ finuniiiil biaicincnis
10

New Horizon Ministries Limited
Notes to the financial statements for the year ended 31 Deeember 2022
i) A¢¢ounting policies
The prinLipul ULcrnJnling policies adoplcd. jiidgcmenis and key snurccs of e.SlimtstiDn uncertoiniy in Ihc
prcparniion ofihc finaiicial slalcii)cnls arc as folloivs..
) Genergl Informtsiion
NLW Hoi'i7.on is a scvcn day Chrisiian fc41ivdl Ihai pluce evLry year on ihc Uls(er UnivLrsiiy campus
in ColcrJine, sei on ihe picluresquc north coast of Nonhcrn Irclond. li cxisi$ 10 proi'idc a spacc and iiii
in which thou8dnds ol. pcoplc ol. xll ages can bL lau&ihi from IhL' bible. be inspired Ihrou¥li ￿'OrShiP and
siory, d¢vclop a missional hcart, and cnga&ie iiiiil) relcvanl aiid ch)Ilcn&iinL? i55UCS.
b) Basis (If pr¢pJratlo
ThL charily findnLial t*lJiL'mLnlii huvL bLLn prL'purLxI in U¢LordunLe willi Aliouniing Jn(J RiVOrt•ng by
ChJriiic.%.- Siutcmc'nl ol. Rccomin¢ndLJ PrJcticL' Jpplicabll Iv chariliLS pfL"pdrin¥ Ihcir acLounis in
accordoncc iviih Ihc FinanciDI Rcponinbi Siandord upplicablc in th¢ UK lliid Rc'public ol. IrL.lund (FRS 102>
elTec(ive l Jaiiuary 2021) - (Ch&rilies SORP (FRS 102)) and Ihe Col￿paI)leS Aci 2006.
t) Preparolion (trf Accounts on a gDin&> concern basis
Thesc finJiicial slulemcnis llre i>repared bjoing cunLL'rn bJ.sis undLr hisioricdl cust L'oi)YLniioii, Jnd in
¥ccordJncc wilh Jpplicable 8ccoiiniing Slii 1idi¢ rds iii lh¢ Unii¢d Kingdom, including ihe Siolcnicni of
RL*oinm¥i)Il¢d PrnL'licc ISORP) FRS 102, IhL Cuiiipanics ALI 2006 Jiid appliL4iblL aLLOUllllllg' policies.
d) Fund accoun¢ing p(blicy
Vnrc.qiricicd iiicomc funds arc gcncral funds ihal urc avuil4blc for iisc ill Ihc Irust¢L%' di%creiion iii furt}￿.¢￿￿cc
Of ihe objtciives of the choriry.
e) IncDmin% re51iurces
Donotions orL' fcLOb•niscd wliere therc is ￿lI11Cmen1, L'L'nainiy of reL'LipI and ihL amouni can bc mc41sur
wilh sufficicnl reliabiliry.
liiconiing resources froin lax rcclainis are in¢ludcd in th¢ siat¢meni of fiiillncial a¢liviiics ai ihc siinK lin
as the Bill Iv iyhich ihc'y rcliii¢'.
Income derived from evet)is is recognised 35 earned (IhaF is, as Ihe reldled goods or services provided).
Invcstineni incoinc is Tecogniscd on a reccivablc basis.
11

New Horizon Ministries Limited
Notes to the financial statements for the year ended 31 December 2022
l) Accounting policies (continued)
t) Re&ource¥ expended
LI￿bilitIcS urc rccogniscd soon Js Ihcrc is u Icgal or coiisiructii'c obligaiion conimiiiing ihc chaflly to ihe
expenditure. All e.YpeiidiTure is accoun(ed for on an accwals basis and l)as been classified uiider headings
thoi as&prc'gaiL illl cosis rL.laiL.d 10 Il)e cole￿00ry.
Charilable expcndilurc Lompriscs ih05c cosls inLurrcd by ihL churity in ihc dclivcry of ils ULliviliLS and
4Lrviccs for 11% bcncficidl'ics. li includes both c(>%1% ihmi can bc 4Jllocalcd dirccily io %iich dCliViiiCS and ihosL'
C051s of ali indireci nanire necessary io suppon Ihem.
¥> Govcrnonco eosis
Govcmuncc cos15 in¢lLtJe L051s gf ihc prcparalioTJ and exaniinalion of Ihc 51alulory aLLounl>, Ilic ¢o>lS of
inJsiCC ineclings dnd ihc cost of any legal udvicc io tru$iL*s on gov¢rnanLc or ionsiiliitional moticrs.
h) Syppnrl CD1•15
Support cosltTr includc ccnlrul fuiiclions and havc bccn allocatcd lo ariivity cosl cJlL'¥oric5 on J bdt4lS
consisient iviili tl)e use of resources. for example: allocaiinb properry costs by floor areas: oi. per capiia. staff
Cosis by Il)c liinc *pcni aiid oihcr cosi.s by (Iicir usa&ic.
l) T#n&ilble fl.¥ed *sSets
Iiidividuul IIxLd D.qSLIS COSlin8 L100 or InorL' Jrc iniliully rccordLd ul cosi.
Tan8ibl¢ fixed as￿1$ Slul¢d Ji cosi I¢sb d¢pr¢¢ithiioi). Dcpw¢ii)lion is proi'id¢d on Idn¥ibl¢ fixed ass¢lS
so as 10 ivriie offihe cos( or vnluaiioii, less any esiimaied residual value: over Iheir e.%pe¢ied useful economi¢
lifL Js folloivs=
Fi.xiurcs and fl11inb7s
Office cqiiipinCI)t
25°/y.%ii"Ji&ihi linc
25,/0 8trui8hi linc
i) Cash at bank and in hand
Cash al bank und in hdnd inL'ludes cash, dcposii8 hL'ld di cJll iviih banks and oihcr 5horl.IL'rnI liig.hly liquid
invcstment.£ with original m¢iluriiies of ihree months of Icss.
k) FlniinL'lul Insirumi'nty
Thc chJrity only ha5 financial as5cis and financial liabiliiic5 of a kind Ihai quality os basic finuiiciJl
insirumenls. Basic financial lns1rumcn￿ arc ii)irially rccogiiised at trJi1￿crion pricc aiid sub5cqueiiily
mca8urcd ul their sclllcmcnl valtie. unless the arrangemeni coiisliiutes u financing Iransaclioii. Financing
transactions are iniiially measurcd Ihc prcsenl i*nlue of the fiiiurc receipis discounicd al a markei rate of
inierc41, and ar¢ subsequcnily carricd ui amortised cosi, using ihe cffeciii'e inicrcsi nte mcthod.
l) Operating le&se5
Rcntals payable under operatinB Icascs are charged in the Siaicmeni of finanLial activities on a Sfdighi linc
basis ovei. Ihe lease ierni.
12

New Horizon Ministries Limited
Notes to the financial statements for the year ended 31 December 2022
2) Critical accountlng judgements and estimation uncertaint),
CsiimJles Jnd jud8rnent% are coniinually ci•aliiJicd Jnd arc based on hisiorical cxpcrience and uiher faciors.
incliiding expeciaiions of fiitiire evenis Ihai are believed to be reaso1￿ble under the circumsiiinces.
Ci-ilie(iljiidgeiiieniJ iii dypliiing ilie eiililii s uccoiinliiiyyolicies
There are no crtiical jiidgenienis in opplyins Ille conipany's IKcoiiniins policies.
Ciiiicul a¢eouiiiiiig eJliniaie,f aiid u.sstsiiii)iiuns
There are no eriticiil accouniing estimates and tsssumpiions.
13

New Horizon Ministries Limited
Notes to the financial statements for the )'ear ended 31 December 2022
3) Voluntary income
Unreslricted Fund
1022
UTrro5trirt¢d Funds
2021
Conin)iiicd gi¥tji)&'
Appcals and doiicilion%
Gift Ai(1 lax rLclJiniLd
101,596
19,106
21.471
142,173
53.335
10.474
63,809
4) Activities for generating funds
Unreslrlctvd Funds
21122
Unre$lricted Funds
2021
I'rodin
in¢om¢
Oiller Irttdiiibl income
a,6111
37
Even15 iiicI)Ine
Enirancc fL'LS
Coniribu¢ion
22,454
7,6.1.1
Jll,61111
65
40
142
S) Investment income
Unres¢riei¢d Funds
2022
Unr¢siri¢ted F unds
21121
Inlerest recei%'thhle ond similar income
Inlcrcsl rcccivablc on bank de
IA3
183
14

New Horizon Ministries Limited
Notes to the financial siatements for the year ended 31 December 2022
6) Charitable activates
U￿restrict￿d funds
2022
Unreslrlcltd funds
2021
Siic costs
Telephone
Priniinb,, POSiii)bV uiid slaiioncry
TLchiiiiJl 51'rvicc$
EquipmLni hire
Sundry and oih¢r ¢051S
Honordriui)) I speJkcrs
Tra(ling cv.$1s
Travel llrtd siibsislei)ce
Advcrti.sing and promaiion
Iii$urfj)nCL'
Cmploymcnl cosi8
Domesiic expenses
IT cusls
LLb•al prufcssiondl Lo*1¥
BJnk ihurgcs
DLpfLYiJiiOli ol. i#n8iblL lixL'd dSSLIS
Onc oir
%4,525
981
3.012
.11.97S
1,000
J5,U27
5.621
937
522
6.920
1,268
7,646
1,045
6,000
I J26
7,416
30,119
859
13,225
450
254
530
678
727
3,384
25.6(J?
196
14,294
490
159
530
1,541
70.605
223,J21
7) Net Incomel (expendlture)
NL'I inLoiiiL.I (L'Xpl￿diIUrCI is sluiLd oftcr cliargin
2(J22
2021
DepreclJtlon of tangible llxed assels
530
8) Trus¢ee5' remuneration'and expense5
No rrusiees, nor any persons coiinecled wilh then), hDve received ai)y rcmuncration from ihL chArily during the
ycar (2021 '. Nil).
No tTUSt¢es have rtteived ai)y reinibutsed expettses from il)¢ charily during Ihe year (2021: Nil).
No key Inaiiageineni personnel have recLivLd any rciMuneraiiLbn from Illi charily during lh¢ year (2021 '. Nil).
The charity has indemnity insurance for its Irustees ai a cost of £34112021.. £3411.
15

New Horizon Ministries Limited
Notes to the financial statements for the )'ear ended 31 December 2022
9) Emplo)iees' remuner21ion
The asweBaie payroll cosis of tljese persons were as folloii's
EwpluJpe¢.I
2022
2021
Sioff costs
Ivages and salaries
Social sccurily COSIS
28,681
1,438
-10,119
24.346
1,346
25,692
The average iiumber of per50ns cmploy¢d by ihe churity during ihc ycar wus as follows..
2022
2021
Mana¥enicnl adminislrdlion
No employcL reccivLd emoluineiiis of Inoie ihan £60,QOO duriM¥ Ihc year (2021 1%0. O).
10)Taiatlon
Thc chariry 18 a r¢gi.slcrcd ¢hority, and a$ iuch 1$ Cniiiled io eenain lax Qxeinplions on Inc￿11¢ and Profils fion)
iiivLslmcni¥, aiid surplusci on sjiiy 1rddin￿l aLIiViIIC'S Larric.d on in furthcrJncL of (hc charily's prtmury objcciivL¥,
'f Ihcsc prolils and siirplu5cs arc upplicd solcly for Lhariiable purposes.
I l ) Tanglble fixed assets
Fl.¥tures &
rilling
Computer
Equipmcnl
TotJl
Cost
Ai l January 2022
Addi11￿1¥
Al 31 D¢cembtr 2022
6,323
1.038
7,361
6,323
1.038
7,J61
Accumu141ed di'preciution
At l Januilry 2022
Charg¢ for Ihe ycar
Al 31 Ik*embc'r 2022
5,107
430
5,537
6.018
531
6,54¥
loo
Net ￿0k amvunt
Al JI December 2022
Af 31 DeCern￿r 20?1
27
127
813
1.343
16

New Horizon Ministries Limited
Notes to the finaneial statements for the )'ear ended 31 December 2022
12) Debtors
2022
?021
Other debiors
Prc
nicn15 aiid accrued incoin¢
io
4,00(1
4,010
342
J42
13)Creditors: amounts falling due ivithin one year
2022
2021
Trade crediiors
Oihcr lJx¢s and tsocial sccuriiy
ALLruJls
830.
144
357
457
2#,273
29.460
601
14) Charlty status
Thc chority is o privaie company liiniicd by 8Unran1￿ aiid ¢on5equcnily doc8 noi hov¢ 51iarc capital. Each of ili¢
mcn)b¢rs 1> liable io coniribuie an aiiiount noi exceeding £10 toiyards Ihe usseis of the charity in ihc cvcnt of
liquiJuiiuii.
15) Financial instruments
Thc compaiiy has ihe followin8 fii)uiiciul in4lrumui￿'.
2012
2021
Fbnan¢iJl assels mcts5ured at Jmorliscd cost
Oihcr dLbiors 41nd QLLrucd income
342
FinAnclAI liabililits measured ot 8mortised cost
Tradc crcdiiors
Accruals
830
28,273
29,103
16.) Analysis of funds
l January
2022
Incom
gain5
31 DcLembcr
2022
EXpC￿8CS
Unreslricted GeDerDI Funds
Unresiricied incomc fur
136,41 R
l Rl,044 (223J21)
94,141
17

New Horizon Ministries Limited
Notes to the financial statements for the year ended 31 December 2022
17) Analysls of Net assets betiveen funds
Unreslricled
Funds 2022
Unrcsrrilted
Funds 20?1
Anlll)'51% of i)'pe fif ossei Ilablllt}'
Fixed Asscls
Curr¢nt Jssci.
Crcdilopi amounii fiS11in
I '¢1 a55ets
81.1
112,788
129,4601
94,141
1,343
135,676
1601
130,4111
duc ￿tithIn one ear
18) Reconcillatlon of net movement in funds to net cash now from operatlng activlties
2022
2021
Nci mov¢meni irt fiinds
Add bock dcprccialion cl)ar8¢
(IncrcasL)Idccrcasc iii dcbiors
InLf¢ilSL.I(Decr¢ilSC) in crcdiiurs
'ct Cash prnvidcd b)'l (used by) operatin8 OCtivitic$
(42,277)
530
(6,493)
$30
lJ,668)
2¥,859
16,55fi
(1.237)
7,197
19) Financial commitments
Ai J l December 2022 Ihe chariry had no finaii¢ial ¢ommilmeiiis (2021: Nil).
20) Capital commitments
Ai 31 Dc¢emb¢r 2022 Ilic charity liad no capital coiniiiitmcnis (2021.. Nil).
21) Related party transaclions
No rLlaicd party lrnnsdciions.
22) Ultimate controlling partv
Th¢Te is no iiliimai¢ ¢onirollin8 parry.
18