Registered number: N1039603 Charity number: NIC101796 JONTHREE TRUST LIMITED (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
JONTHREE TRUST LIMITED (A company limited by guarantee) CONTENTS Page Reference and administrative details of the company. its Trustees and advisers Trustees. report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 9-18
JONTHREE TRUST LIMITED (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees M C Fitch G B Fitch MWFFitch Company registered number N1039603 Charity registered number NIC101796 Registered office Suite 2.06, Custom House, Custom House Square Belfast BT13ET Company secretary G B Fitch Bankers Danske Bank P.0. Box 183 Donegal Square West Belfast BT16JS Page 1
JONTHREE TRUST LIMITED (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the financial statements of the company for the 1 April 2023 to 31 March 2024. The Trustees confirm that the Annual report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended practi (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 (effective 1 January 2019). Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 is not required. Objectives and activities a. Policies and objectives The object of the charity, as set out in the Memorandum of Association. is the advancement of the Christian religion. The Christian religion shall be interpreted to mean those fundamental truths of Christianity as revealed in Holy Scripture. b. Activities for achieving objectives The charitsble activities to achieve the charivs objective were.. Christian mission., Bible and Christian literature- and Portuguese discipleship. c. Main activities undertaken to further the charity's purposes for the public benefit During the year the main activities undertaken to further the charity's purposes for the public benefit included.. Providing leadership and human resource to various Christian organisations and movements for example Biblica, The International Bible Society, illumiNations Europe, Fitzroy Presbyterian Church Belfast, Restoration Ministries and South Belfast Foodbank.. Providing a place for Christian learning and reading in Belfast.. Providing resource development to International Evangelical Church of the Algarve., and Providing grant making to various Christian organisations. Page 2
JONTHREE TRUST LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and perfomiance a. Review of activities During the year Jonthree Trust were involved in the following projects.. Making grants for building new facilities at The International Church of the Algarve for youth outreach and discipleship amongst English and Portuguese speakers in the AlgaNe Portugal., Ongoing work with Biblica (biblica.com) who are involved in Bible Translation, Bible Access and Bible Engagement. Michael Fitch is on the Biblica Global Board and Gillian Fitch is on the Biblica Europe Board., We also participated in meets'ngs and a Conferen to plan illumiNations Europe, a movement to eradicate Bible povety by 2033; Partnership with Fitzroy Presbyterian Church in Belfast (fitzroy.org.uk), where our Trustees have a leadership role in mission, worship. pastoral care and spiritual development., Encouraging and supporting Premier Christian Communications enabling people to put their faith at the heart of daily life and bring Christ to our community in the UK., Encouraging and supporting the work of Prison Fellowship International, restoring prisoners lives, helping their families and integrating them back into their communities for good.. Encouraging and supporting the work of Scripture Union Scotland's school work in Edinburgh Supporting practically and financially the work of the National Prayer Breakfast in Washington DC- A meeting, study and prayer room in Belfast.. and The Trustees continue to be involved in peace and reconciliation work in Ireland. Michael Fitch is currently Chairman of Restoration Ministries. based in Lisburn. During the year grants were paid to various organisations to further advance the objects of the charity. Details of these grants can be found in the notes to the accounts. Financial review a. Going concern After making appropriate enquiries. the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy The Trustees assess the level of reserves on a continual basis to ensure that they are able to meet any commitments that could reasonably arise. Structure, governance and management a. Constitution The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 7th November 2000. The company is registered as a charity with the Northern Ireland Charity Commission under the registration number NIC101796 and accepted by HMRC as a charity under the reference XR42883. The principal object of the company is the advancement of the Christian religion. The Christian religion shall be interpreted to mean those fundamental truths of Christianity as revealed in Holy Scripture. Page 3
JONTHREE TRUST LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management (continued) b. Methods of appointment or election of Trustees The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. The Trustees who served during the year are as listed in the reference and administrative detsils of the charity on page 1. c. Risk management The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Statement of Trustees. responsibilities The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stste of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial ststements, the Trustees are required to.. select suitable accounting policies and then apply them consistently.. observe the methods and principles of the Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and prudent", state whether applicable UK Accounting Standards {FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going COnM basis unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by.. C Fitch Trustee Date" 04106124 Page 4