Company registration number.. N1043211 Charity registration number: NICI 01638 New Horizon Ministries Limited (Company Limited by Guarantee) Annual report and unaudited financial statements for the year ended 31 December 2024 AECEJHV6' ' 0311012025 COMPANIES HOUSE •AE8Z5PKB 27Al2025 COMPANIES HOUSE 'A20
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New Horizon Ministries Limited Annual report for the year ended 31 December 2024 Pages Reference and administrative details Trustees, report Independent examiner's report Statement of financial activities Balance sheet Statement of cash flows 10 Notes to the tinancial"statements 11-18
New.Horizon Ministries Limited Reference and Administrative Details Charity name New Horizon Ministries Limited Charlty registration number NIC101638 Company registration number N1043211 Ncm House 218 York Street Belfast BT15 IGY Principal office Registered office Ncm House 218 York Street Belfasi BT15 IGY Trustee$l Directors Mr Paul Gilmore (Resigned 20 May 2024) Rev Dr Andrew Brown Mr ChrislophLr M,LBurney Ms Alison SteLn (Appointed 20 May 2024) Ms Caroline Chambers (Appointed 20 May 2024) Mr Gilbert Lennox ( Appointed 20 May 2024) Secretary Ms Caroline Chambers Solicitor Hewitt & Gilpin 14-16 James Street South Belfasl Co Antrim BT2 7GA Bankers Danske Bank Limited Kilrea l New Row Coleraine Co Londonderry BT515QS
New Horizon Ministries Limited Trustees, report for the year ended 31 December 2024 The Trusiees, who are also the Directors of the company under the provisions of the Companies Act 2006, PTesent their annual report and the unaudited fmancial statements for the year ended 31 December 2024. The Trustees have adopted the provisions of the Companies Act 2006 and the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" FRS 102 in preparing ihe annual report and unaudited financial stalements of the Charity. Org4nlsatlons New Horizon Ministries Lirnited is a registered charity and a company limited by guarantee set up on 14 May 2002. It is governed by a Memorandum and Articles of Association that were last amended on 14 May 2002, The Charity has also successfully registered with the Charity Commission for Northern Ireland number NIC10168. Mlssion S¢4tement The mission statement states that New Horizon Ministries exists to be used by God, through the power of His Spirit, to inspire a selfles5 surrender to His Son, a radical obedience to His Word, an enduring passion for His Kingdom, and an unconditional love for His World. Structure, Governan¢¢ and Management Th¢ governing document for New Horizon Ministries is c'Jrrenl'ly.the memoranduni and articlè& of association. The Board has discussed and draftLd protocols covering ihe board and the executive management team. (These were adopted after 31 December 2014 and have been regularly reviewed and updated as necessary). The Primary functions of the New Horizon board are to provide vision and leadership for the fuNre course of the event, review and protect the elhos and purpose of New Horizon and ensure theological balance throughout the orghnisation. The main task of the board is selecting themes and main speakers for each year's event, ensuring that main speakers reflect ihe varyin8 strands of evangelical conviction. In addition, the board is rcsponsible for appointing new board members. Board members serve for an initial period of three years and this can be extended by mutual consent to a second tem of a further three years. The board seeks to ensure that a broad range of skills, experience, and background appropriate to the organisation is maintained wiihin the board membership. The day to day managernenl of the organisation is delegated by th¢ board to an executive management team. Similar principles of renewal are applied to this team and the board ensures that all the necessary skills for running the organisation are present wiihin that team, The board, through its executive management leam, ensure that all risks to which the organisation is exposed are identified, with systems and procedures in place to manage those risks.
New Horizon Ministries Limited Trustees, report for the year ended 31 December 2024 (continued) Objectlves and Aclivitles New Horizon is committed to resourcing and encouraging Christian5 in their faith jOUTney> in alignment with the organisation's mission statement. The core activity of New Horizon Ministries is the planning, organisation. and delivery of an annual week-long summer conference held at the Ulster University campus in Coleraine, Northern Ireland. The event typically sees a total weekly footfall of approximalely 30,000, with evening sessions attracling up lo 3,000 attendees. While some participants attend for a single day. many stay for the full week, contributing positively to the local hospitality sector. The conference features a comprehensive programme for children and young people aged 0-18. alongside an adult programme that appeals to a wide age range and represents the diversity of evangelical Christian perspectives acr0$5 Northern Ireland and beyond. Key elements of the event include Bible teaching, worship, seminars and a substantial children's and youth programme. The successful delivery of the conference relies heavily on a large and d¢dicat¢d ieam of volunteers. These individua15 SUPPOrt a wide range of nCtIOnS including slewarding, site operations, youth and children's ministy, accessibiliry support, financial admini5tralion, promotional aclivity. seminar coordination. and the proviston of pastoral and prayer sUPPOrt. 11 is estimated Ihat around 400 volunieers contribute to the organisalion and running of the event. While their contribution is vital to the success of the conference, Ihe economic value of their time is not quantified in the financial statements. Public B¢nefit Statement New Horizon's purpose is to advance the Christian faith, particularly by teaching Chrislians the character of God through Bible teaching and stimulating Christians into further commitment in active Chrisiian service in Northern Ireland and throughout the world. The direct benefits which flow from this purpose include beneficiaries being better Ciiizens and getting more involved in their local communities or challenged io do charitable acts in other countries. These benefits are demonstrated through feedback from beneficiaries and the fact that large numbers attend each year. It is believed that no ham arises from these purposes. The charity's beneficiaries are adulis and children mainly from N Ireland. A private benefit flowing from these purposes that ts incidental, is that New Horizon employ staff & engage suppliers, this benefit contributes directly to achieving the charity's purpose. Achievement and Performance The 2024 conference was the third fully in-person New Horizon event since 2019, offering a fvll programme for both adults and children. The trustees arc pleased to report Ihat the event was a significant success, with attendance and engagemenl returning to pre-2019 levels. The strong turnout reflects the conlinued relevance of the event and the commitment of ihe New Horizon community. The trustees are encouraged by the participation across all age groups and believe the event met its objectives. They remain satisfied that the organisation ¢ontinue5 lo operate in alignment with its staled mission, providing valuable opportunities for Christian teaching, worship, and fellowship.
New Horizon Ministries Limited Trustees, report for the year ended 31 December 2024 (continued) Financial review The trustees are pleased wilh the overall financial perforniance of the organisation. 2024 ended with a deficit of £12,044 compared with a deficit of £753 in 2023. Costs were impacted by large inflalion costs as well as Ihe impact of general world economic events. The Management Team worked in all areas to reduce costs where possible and limit the overall impact of rising costs. The fall in income and increase in costs however meant a deficit of £12k, This d¢fi¢it has been covered by New Horizons general reserve5. Plans for future periods After reviewing the activity in 2024 the tNstees are satisfied ihat ils aims and objectives by organising the week conference should remain unchanged. Principal activity The principal activity of the company is to advance the Christian religion in accordance with the doctrines and principles set oul in the Articles of Association to th¢ intent that Christian believers Shall better understand the character of God through biblical teaching and be stimulated to expre5S their commilm¢ni in active Christian service in Ireland and throughout (he world. Risk m8nagement The trustees have assessed (he major risks to which the charity is exposed, in particular those relating lo the operations and finances of the Fund. The tnJ5tees are mindful of the risk of expenditure exceeding income and are satisfied that Systems are in place to mitigate exposure to those risks, namely by promoting new means of increasing income and managing the costs of the conference. In 2023 an independent Health & Safety consultant wa5 engaged to assess the operational health & safety risk of the event. The consullanr reported positively about the policy, Procedures and protocols in place and gave the Board assurance that the H&S risks associated with the event were well managed. All risks continue to be considered on an annual basis. Reserv¢5 policy The cornpany's policy is to mainlain a level of unrestricted funds excluding fixed a55ets (the free reserves) at approximately a level sutTicienl lo mcet the average charitable expenditure and running costs for a period equivalent lo six months expenditure, which ¢quales to approximately £109k (based on 2024). The artual "free reserves" at 31 December 2024 w¢r¢ £71,345 (2023.. £93,389). The deficit of 2024 has reduced reserves below the policy level and the trustees will aim to address this in 2025.
New Horizon Ministries Limited Trustees, report for the year ended 31 December 2024 (continued) Statement of trustees, responslbllltles The trustees (who are also directors for the purposes of cornpany law) are responsible for preparing the TsteeS, Report and the financial statements in accordance with applicable law and United Kingdorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have prepared the financial statemenls in accordance with Uniled Kingdom Generdlly Accepted Accountin8 Practice (United Kingdom Accounting Standards and applicable law), including FRS 102"The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the trustees must not approve the financial slatements unless Ihey are satisfied ihat they give a tru¢ and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the ¢haritable company for that period. In preparing these finantial statements, the trustees are required to.. select suitable accounling policies and then apply them consistently, observe the method5 and principles in the Charities SORP; make judgements and accouniing estimates that are reasonable and prudent. slate wheiher applicable UK Arcounling Siandard5 Éiiid FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial slat¢ments on the goin8 concern basis unless it is inappropriate to presume that the charitable company will conlinue in bu5ines5. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of ihe charilable company and enable them to ensure that the financial stalements comply with the Companies Act 2006. They are also responsible for safeguarding ihe assets of the charitsble company and hence for taking r¢a50nable Steps for ihe prevenlion and detection of fraud and other irregularities, Small companles, exemption This report has been prepar¢d in accordance with the special provisions relating to small companies Wlthin Part 15 of the Companies Act 2006. The annual repo wa5 approved by the trustees of the Charity on 20 September 2025 and signed on its behalf by: Ms Caroline Chambers Trustee
New Horizon Ministries Limited Independent examiner's report to the Trustees of New Horizon Ministries Limited I report on the a¢counts of the charity for the year ended 31 De¢¢mber 2024, whi¢h are set out on p8g¢s 8 to 18. Resptttive responsibilities of thgrity truste&s attd examlller As the charity Trustees you are responsible for the preparation of ihe accounts in accordance with the requirements of the Charities A (Northern Ireland) 2008 And Companies Act 2006. Having satisfied myself thai the charity 18 not subject to audit under ihe legislaiion And is eligible for independent examination, it is my responsibility to: cxamine the a¢¢ounts under se¢tion 65 of the Charities Act follow Ihe pro¢edures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act stale whether particular motlers have come to my attcntion. B4$1$ of Independenl examlner's report I have examined your charity accounts as required under section 65 of the Charities Act and my exwnination was caled out in Accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of ihe accounting records kept by the charity and a L%)mpari50n of the accounts presented with those records. It also included ronsideration of any unusual items or disclosures in the accoun and seeking explanations frorn you hs charity trusiees con¢emin8 any such matters. My role is to state whether any material matters have come to my Attention 8iving me cause to believe: l. That accounting records wer¢ not kept in accordance with section 63 of thc Charities A¢i and section 386 of the Companies Act 2006 2. Thal the accounts do not &ecord with those &ccouniin8 records 3. That the accounts do not eomply with thc accountin8 requirements of section 396 of the Cornpanies Act and with the methods and prin¢iples of the Charities Stsiemeni of Recommended Praciice applicable to charities preparing their accounts in &¢wrdance with the Financial Reporting Staftdard applicable in the UK and Republi¢ of Ireland 4, That there is further infomation needed for a proper und¢rstandin8 of the a¢Unts to be reached. Independent ¢X8mln¢r'$ $t4lement I have Mpleted my examination and have no concerns in respect of the matters ( l) to (4) lisied above and, in connection with following the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawing to your attention. Sajnutl Thmdee ACA Belfast 20 September 2025
New Horizon Ministries Limited Statement of Financial Activities (incorporating summary income and expenditure account) for the year ended 31 December 2024 I Inrestrlcled Re5¢ri¢ted Funds Fund$ Totol Total Funds Funds 2024 2024 2024 2023 Note 'In¢oming resource5 1 Income Jncomlng resource5from generoled funds Voluntary income Activities for geneTatin8 fund5 Investment income 146,613 48,134 10,000 156,613 48,134 164,740 45,994 Total incom in resources 196 236 206 236 211930 Resources ¢xpend¢d l Expenses Cosls ofgeneraiingfunds Charitable activities 218 280 218 280 212682 Total costs of eneratin fund$ 218 280 218280 212682 Net income/ ex enditure 752 Net movement in funds Fund fijnds brought forward at I Jarjua (22,044) i 0,000 (12.044) (752) 93 89 Total funds carrled forward at 31 Deeember All amounts above relate to conlinuing operalions of the company. The company has no recognised gains and losses other ihan those included in the results above and therefore no separate statement of total re¢ogni5ed gain5 and losses has been present¢d.
New Horizon Ministries Limited Balance sheet as at 31 December 2024 Unrestricted Funds 2024 Restrieted Funds 2024 Total Funds 2024 Total Funds 2023 Note Fixed assets Tangible fixed assets 356 356 Current assets Debtors Cash at bank and in hand 12 5,263 91,614 96,877 (2S,532) 5,263 20,358 101,614 97,371 106,877 117,729 (25,532) (24,696) 10,000 10.000 Creditors: amounts falling due wlthln one ear Net current gssets 13 71,345 71,345 10.000 10,000 81 J45 81 J45 93.030 93,389 To¢al assets less eurrent liabilities Net assets 71,345 10,000 81,345 93,389 The funds of the charity u.nrestricted income funds 16 71,345 Jo,000 81 J45 93,389 Total eharliy funds 71,345 10,000 81J45 93.389 The directors consider that the company is entitled lo exemption from the requirement to have an audit under Ihe provisions of section 477 of ihe Companies Act 2006 Act,) and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Acl. The directors acknowledge their responsibilities for ensuring that ihe company keeps accounting records which comply with section 3 86 of the Act and for preparing financial statemenls which give a true and fair view of the slate of affairs of the company hs at 31 December 2024 and of its profit for the year then ended in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of ihe Companies Act 2006 relatin8 to the financial statements so far a5 applicable to the company. These financial statements have b¢en prepar¢d in accordance with the provisions applicable to companies subject to the small companies, regime. The financial statements on page5 8 to 18 were approved by the board on 20 Sept¢mb¢r 2025 and w¢re signed on its behalf by., Ms Caroline Ch bers TTU5te¢ The notes on pages I I to 18 are an integral part of these financial statements Company registration number.. N1043211
New Horizon Ministries Limited Statement of Cash Flows for the year ended 31 December 2024 2024 2023 Notes Cash rovided b I used b ergtin activities 18 Cash flow (rom investin aelivi¢ies- Purchase of tan ible assets Increase/ (Decrease) in cash 8nd cash equivalents in the year Cash and cash equivalents al the beginning of ihe year Totll cash and cash equlvalents at the end of the ye8r 97,371 101,614 118.778 97,371 The notes on pages I I to 18 are an integral part of these financial stalements 10
New Horizon Ministries Limited Notes to the financial statements for the year ended 31 December 2024 i) Accounting policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial stalements are as follows- a) General Information New Horizon is a seven day Christian festival that takes place every year on the Ulster University carnpus in Coleraine, set on the picturesque north coast of Northern Ireland. 11 exists to provide a space and time in which thousands of people of all ages can be taught from the bible, be inspired through worship and story, develop a missional heart, and engage with relevant and challenging issues, b) Basis of preparation The charity financial stalemenls have been prepared in accordance with A¢¢ounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective l January 2023)- (Charities SORP (FRS 102)) and the Companies Act 2006. c) Prepara¢lon of account$ on a going concern basis These financial statements are prepared on a going Concern basis under historical cost convention, and in accordance with applicable accounting standards in the United Kingdom, including the Statement of Recommended Practice (SORP) FRS 102, the Companies Act 2006 and applicable accounting poIici¢s. d) Fund 8¢countlng policy Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity, e) Ineomlng resources Donations are recognised where there is entitlement, Certainty of receipt and the amount can be measured with sufficient reliability. Incoming resourc¢s from lax reclaims are included in the stalement of financial activitie5 at the same time as the gift to which they relate. Income derived from events is recognised as earned {that is, as ihe related goods or services are provided). Investment income is recognised on a receivabl¢ ba515. 11
New Horizon Ministries Limited Notes to the financial statements for the year ended 31 December 2024 l) Accounting policies (continued) r) Resources expended Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related io the category. Charitable ¢xpenditur¢ comprises those rosls incurred by the charity in the delivery of it5 activities and services for its beneficiaries. It includes boih costs that can be allocated directly to such activities and those Costs of an indirect natur¢ necessary to support them. g) Governance costs Governance costs include cosls of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters. h) Support costs Support costs include central funclions and have been allocaled to activity Cost categories on a basis consistenl with the use of resources, for example, allocating prop¢rty Costs by floor hreas. or p¢r capita. slaff costs by the lime spenl and other costs by their usage. l) T Angible llxed as$e¢s Individual fixed assets costing £ 100 or Inore are initially.r.ecorded al cost. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Fixtures and fittings Office equipment 250/0 straight line 250/¥ straight line j) Cash It bank and in hand Cash at bank and in hand include5 cash, deposit5 held at call with banks and other 5hort-tenn highly liquid investments with original maturitie5 of ihree months of less. k) Financlal instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic f)nancial instruments. Basic financial tnstruments are initially recognised at transaction price and subsequently measured at their settlement value, unless the arrangement constitutes a financing transaction. Financing transactions are inilially rneasured at the present value of the future r¢ceipts discounted at a market rate of interest. and are subsequently carried at amortised cost, Using the effective interest rate method. l) Operating leases Renta15 payable under operating leas¢5 8re charged in the statement of financial activities on a straight line basis over the l¢a5e tern]. 12
New Horizon Ministries Limited Notes to the financial statements for the year ended 31 December 2024 2) Critical accounting judgements and estimation uncertainty Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectalions of fufure events that ar¢ believed io be reasonable under ihe circumstances, Crilicaljudgemenis in applying ike enlity's accountingpolicies There are no critical judgements in applying the company's accounting policies. Crilical accounling eslimales and assumptions There are no critical accounting eslimales and assumptions. 13
New Horizon Ministries Limited Notes to the financial statements for the year ended 31 December 2024 3) Voluntary income Unr¢5tricted Funds 2024 Restricted Total Funds Funds 2024 2024 Total Funds 2023 Donations and of(¢rings Committed giving Appeals and donatioTJs Gift Aid tax reclaimed 103,228 26,724 16,661 146,613 103.228 36,724 16,661 156,613 116.899 27.459 20,382 164.740 10,000 10,000 4) Activities for generating funds Unrestrieled Funds 2024 Restricted Total Funds Funds 2024 2024 Totsl Funds 2023 Tradlng In¢ome Other trading income 8,565 8,565 8,816 Evenls Income Entrance fees Contribution 29,541 10,028 29,541 10,028 28,853 8,325 S) Investment income Unrestrleled Funds 2024 Restrieled Totol Funds Total Funds 2023 Funds 2024 2024 Interest reteiv#ble and similar Income Interest receivable on bank deposits 1,489 1,489 1,489 1,489 1,196 1,196 14
New Horizon Ministries Limited Notes to the financial statements for the year ended 31 December 2024 6) Charitable activates Unrestricted Restritted runds 2024 fund$ 2024 Total fund5 2024 Total funds 2023 Site costs 80,025 820 80,025 820 84,010 920 2,642 31,545 465 11,036 20,762 Telephone Printing. posling and stationary Technical services Equipment hire Sundry and other costs Honorarium I speakers Trading costs Travel and subsistence Advertising and promotion Insurance Employment costs Dom¢5ti¢ ¢xpenses IT costs 1,844 37,037 1,440 12,419 19,552 3,990 1,292 532 1,844 37,037 1,440 12,419 19,552 3.990 1,292 $32 7,751 155 8,814 39J15 1,367 8,541 .679 8,814 39JlS 1,367 8,541 679 8,531 35,258 704 7,852 462 Legal and professional costs Bank charges Depreciation of tangible fixed assets 257 257 134 356 356 455 218,280 218,280 212,682 7) Net Incomel (expenditure) Net incomel (expenditure) is slated after charging Unreslrict¢d R¢stricted Total funds runds 2024 fund5 2024 2024 Total funds 2023 Depreciation of tangible fixed assets 457 8) Trustees, remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year (2023.. Nil). No trustees have received any reimbursed expenses from the charity during the year (2023.. Nil). No key management personnel have received any remuneration from the charity during the year (2023- Nil). The charity has indemnity insurance for its trustee5 at a cost of £0 (2023.. £341). 15
New Horizon Ministries Limited Notes to the financial statements for the year ended 31 December 2024 9) Employees, remuneration The aggregate payroll costs of these persons were as follows Employees 2024 2023 Staff costs Wages and salaries Social security cosls 39,094 221 39,315 1,188 35,258 The av¢rag¢ number of persons employed by the charity during the year was as follows: 2024 2023 Management and administration No employee received emoluments of more than £60,000 during the year {2023 - No. O). 10) Taxation The charity is a registered charity, and as such iv entitled to certain tax exemptions on income and profits from investments, and surpluses on any trading activities Caled on in furtherance of th¢ charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. I l) Tangible fixed assets Flxtures & rittings Computer Equipment Total Cost Ai l January 2024 Additions At 31 December 2024 6,323 1,038 7,361 6a23 1,038 7J61 Accumulated depreclallon At l January 2024 Charge for Ihe year At 31 December 2024 5.967 356 6a23 ,038 7,005 356 7J61 1,038 Net book amount At 31 December 2024 At 31 December 2023 356 356 16
New Horizon Ministries Limited Notes to the financial statements for the year ended 31 December 2024 12) Debtors 2024 2023 Other debtors Pre ments and accrned income io S,253 10 20,348 20,358 13) Creditors: amounts falling due within one year 2024 2023 Credit card 23 Trade creditors Other taxes and social security A¢¢ruals 600 1,064 23,009 24.696 122 25,410 25,532 14) Charity status The chariry is a privat¢ company limited by guarantee and consequently does not have share capitsl. Each of the members is liable lo contribute an amount not ¢xc¢eding £ l O toward5 th¢ assets of the charity in the event of liquidation. 15) Financial instruments The company ha5 the following financial instruments., 2024 2023 Financial assets measured at amortised cost Other debtors and accrued income 5,263 20,358 Financial liAbilities measured wt amortised eosl Trade credilors Accruals 600 23,009 23.609 25,410 25,410 16) Analysis of funds l January 2024 Income/ Gain Expenses 31 December 2024 Unrestrieted Gener81 Funds General Account 93,389 196,236 2] 8,280 71 J45 Restricted General Funds Tenl Fund 10,000 206,236 10,000 81 J45 Total Funds 93,389 218,280 17
New Horizon Ministries Limited Notes to the financial statements for the year ended 31 December 2024 17) Analysis of Net assets between funds Unrestricted Funds 2024 Restricled Funds 2024 Total Funds 2fi24 Total Funds 2023 Analysis of type of asset and Ilab5111y Fixed Assets 356 Cuent assets 96,877 10,000 106,877 117,729 Creditors.. amounts fallin due wiihin one ear Net gssets 18) Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Nel movement in funds Add back deprecialion charge Decreasel (Increase),in debtors Increase/ (Decrease) in creditors Ne¢ cash provided byl (used by) operatlng actlvltles (12,044) 356 (752) 457 (16,348) (4,764) 21.407 1 5,095 836 4,243 19) Financial commitments Al 31 December 2024 the charity had no financial commitments (2023: Nil). 20) Capital commitment$ At 31 December 2024 the charity had no capital commitments (2023.. Nil). 21) Related party transactions No related party transactions. 22) Ultimate controlling party There is no ultimate controlling party. 18