JONTHREE TRUST LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
55.943
275,517
331,460
178, 888
Total income
55.943
275,517
331,460
178, 888
Expenditure on:
Charitable activities
80.921
300,749
381,670
162,382
Total expenditure
80,921
300,749
381,670
162,382
Net (expenditure)lincome
Transfers be￿een funds
124,978
22.731
125,232)
(22,731)
150,210)
16,506
12
Net movement in funds
(2.247)
(47,963)
(50,210)
16,506
Reconciliation of funds..
Total funds brought forward
Net movement in funds
3.486
{2,247
142,387
147,963)
145,873
{50,210)
129,367
16,506
Total funds carried forward
1,239
94,424
95,663
145,873
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 18 form part of these financial statements.
Page 7

JONTHREE TRUST LIMITED
(A company limited by guarantee)
REGISTERED NUMBER: N1039603
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Current assets
Debtors
3.514
93,942
969
Cash at bank and in hand
153, 765
97.456
154, 734
Creditors.. amounts falling due ￿￿thIn one
year
10
(1.793)
(8, 861)
Net current assets
95,663
145,873
Total assets less current liabilities
95,663
145, 873
Net assets excluding pension asset
95,663
145,873
Total net assets
95,663
145, 873
Charity funds
Restricted funds
Unrestricted funds
12
1,239
94,424
3,486
142,387
12
Totsl funds
95,663
145, 873
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordan￿ with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
C Fitch
Trustee
Date:
041￿124
The notes on pages 9 to 18 form part of these financial statements.
Page 8

JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General information
Jonthree Trust Limited is a private company limited by guarantee, incorporated and registered in Northern
Ireland under registration number N1039603.
The company's registered office is situated at Suite 2.06. Custom House, Custom House Square, Belfast,
BT13ET.
The company is registered as a charty with the Northem Ireland Charity Commission under the
registration number NIC101796 and accepted by HMRC as a charity under the reference XR42883.
The charity's principal activity is the advan￿rnent of the Christian religion.
The company is a company limited by guarantee. The members of the company are the Trustees named
on page 1. In the event of the company being wound up. the liability in respect of the guarantee is limited
to £10 per member of the company.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Jonthree Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otheNise stated in the
relevant accounting policy.
2.2 Income
All income is recognised once the company has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to
them (through knowledge of the existence of a valid will and the death of the benefactor) and the
executor is satisfied that the property in question will not be required to satisfy claims in the estate.
Receipt of a legacy must be recognised when it is probable that it will be received and the fair value
of the amount receivable, which will generally be the expected cash amount to be distributed to the
company, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Page 9

JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies {continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third paty, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned be￿een those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitsble activities is incurred on directly undertaking the activities which further the
company's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the
offer is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.4 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.7 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
Page 10

JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies {continued)
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the company and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for
particular purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income. gains and losses are allocated to the appropriate fund.
Page11

JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Donations
55,943
275,517
331,460
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Donations
33,171
145,717
178, 888
Analysis of grants
Grants to
Institutions
2024
Total
funds
2024
Grants, Belfast Ministry
Grants, Bible Ministry
Grants, Portuguese Discipleship
Grants, Christian Mission
5,753
221,500
80,921
61,261
5,753
221,500
80.921
61,261
Total 2024
369,435
369,435
Grants to
Institutions
2023
Total
funds
2023
Grants, Belfast Ministry
Grants, Bible Ministry
Grants, Portuguese Discipleship
Grants, Christian Mission
11,821
100, 000
34, 804
7, 898
11,821
100, 000
34, 804
7, 898
Total 2023
154, 523
154, 523
Page 12

JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure on charitable activities
Summary by fund type
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Belfast Ministry
Bible Ministry
Portuguese Discipleship
Christian Mission
9,146
221,802
8,540
61,261
9,146
221,802
89.461
61,261
80,921
80,921
300,749
381,670
Restricted Unrestricted
funds
funds
2023
2023
Total
2023
Belfast Ministry
Bible Ministry
Portuguese Discipleship
Christian Mission
14,671
100,283
3,077
9,547
14,671
100,283
37,881
9,547
34, 804
34, 804
127,578
162,382
Analysis of expenditure by activities
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Belfast Ministry
Bible Ministry
Portuguese Discipleship
Christian Mission
5,753
221,500
80,921
61,261
3,393
302
9,146
221.802
89,461
61.261
8,540
369,435
12,235
381.670
Page 13

JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure by activities (continued)
Grant
funding ol
activities
2023
Support
costs
2023
Total
funds
2023
Belfast Ministry
Bible Ministry
Portuguese Discipleship
Christian Mission
11,821
100, 000
34, 804
7,899
2, 850
282
14,671
100,282
37,881
9, 548
3,077
1.649
154, 524
7,858
162,382
Independent examiner's remuneration
2024
2023
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts
Fees payable to the company's independent examiner in respect of..
All other SeNi￿S not included above
1.716
1,650
2,408
1,875
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024, travel expenses totalling £B,763 were reimbursed or paid directly
to 3 Trustees (2023 - £nil to 3 Trnstees).
Debtors
2024
2023
Due within one year
Other debtors
1.389
2,125
969
Prepayments and accrued income
3.514
969
Page 14

JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Creditors: Amounts falling due within one year
2024
2023
other creditors
157
256
Accruals and deferred income
1,636
8.605
1.793
8,861
11.
Financial instruments
2024
2023
Financial assets
Financial assets measured at fair value through income and expenditure
93.942
153, 765
Financial assets measured at fair value through income and expenditure comprise cash at bank and in
hand.
Page 15

JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. Statement of funds
Statement of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
Income Expenditure
Unrestricted funds
General Funds - all funds
142,387
275,517
1300,749)
122,731
94,424
Restricted funds
Restricted Funds- all funds
3,486
55,943
(80,921)
22,731
1,239
Total of funds
145.873
331,460
(381.670)
95,663
ststement of funds - prior year
Balance at
31 March
2023
Balance at
1 April 2022
Income Expenditure
Unrestricted funds
General Funds - all funds
124,248
145,717
(127,578)
142,387
Restricted funds
Restricted Funds- all funds
5,119
33,171
(34, 804)
3,486
Total of funds
129,367
178, 888
(162,382)
145,873
Page 16

JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. Summary of funds
Summary of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
Income Expenditure
General funds
Restricted funds
142,387
3.486
275,517
55,943
1300,749)
(80.921)
122,731
22,731
94,424
1,239
145.873
331,460
(381.670)
95,663
Summary of funds - prior year
Balance at
31 March
2023
Balance at
1 April 2022
Income Expenditure
General funds
Restricted funds
124,248
5,119
145,717
33,171
(127,578)
(34, 804)
142,387
3,486
129,367
178, 888
(162,382)
145,873
14.
Analysis of net assets between funds
Analysis of net assets between funds - current period
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Current assets
1,239
96,216
{1,793)
97.455
11,793)
Creditors due within one year
Total
1,239
94,423
95,662
Page 17

JONTHREE TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Current assets
3.486
151,248
(8, 861)
154, 734
(8, 861)
Creditors due within one year
Total
3,486
142,387
145,873
15. Related party transactions
UHY Hacker Young Fitch Limited, a company in which M C Fitch has significant influence provided
accountancy and payroll services to Jonthree Trust Limited.
16. Controlling party
The ultimate controlling paty of the company is the Board of Trustees.
Page 18