## **JONTHREE TRUST LIMITED**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025**
|**Note**
**Income from:**
Donations and legacies
3
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2025**
**£**
**140,811**
**140,811**
**32,472**
**32,472**
**108,339**
**1,239**
**108,339**
**109,578**|**Unrestricted**
**funds**
**2025**
**£**
**278,133**
**278,133**
**158,051**
**158,051**
**120,082**
**94,424**
**120,082**
**214,506**|**Total**
**funds**
**2025**
**£**
**418,944**
**418,944**
**190,523**
**190,523**
**228,421**
**95,663**
**228,421**
**324,084**|_Total_
_funds_
_2024_
_£_
_331,460_
_331,460_
_381,670_
_381,670_
_(50,210)_
_145,873_
_(50,210)_
_95,663_|
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 20 form part of these financial statements.
Page 7
## **JONTHREE TRUST LIMITED (A company limited by guarantee) REGISTERED NUMBER: NI039603**
## **BALANCE SHEET AS AT 31 MARCH 2025**
||||**2025**||_2024_|
|---|---|---|---|---|---|
||**Note**||**£**||_£_|
|**Fixed assets**||||||
|Investments|9||**140,000**||_-_|
||||**140,000**||_-_|
|**Current assets**||||||
|Debtors|10|**24,140**||_3,514_||
|Cash at bank and in hand||**161,497**||_93,942_||
|||**185,637**||_97,456_||
|Creditors: amounts falling due within one||||||
|year|11|**(1,553)**||_(1,793)_||
|**Net current assets**|||**184,084**||_95,663_|
|**Total assets less current liabilities**|||**324,084**||_95,663_|
|**Net assets excluding pension asset**|||**324,084**||_95,663_|
|**Total net assets**|||**324,084**||_95,663_|
|**Charity funds**||||||
|Restricted funds|13||**109,578**||_1,239_|
|Unrestricted funds|13||**214,506**||_94,424_|
|**Total funds**|||**324,084**||_95,663_|
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 accordance 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:
................................................
**M C Fitch** Trustee
Page 8
## **JONTHREE TRUST LIMITED (A company limited by guarantee) REGISTERED NUMBER: NI039603**
## **BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025**
Date: 10/07/2025
The notes on pages 10 to 20 form part of these financial statements.
Page 9
**JONTHREE TRUST LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. General information**
Jonthree Trust Limited is a private company limited by guarantee, incorporated and registered in Northern Ireland under registration number NI039603.
The company's registered office is situated at Suite 2.06, Custom House, Custom House Square, Belfast, BT1 3ET.
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 charity's principal activity is the advancement 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.
## **2. 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 otherwise 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.
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 10
**JONTHREE TRUST LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **2. Accounting policies (continued)**
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 between 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 charitable 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 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
## **2.5 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.
## **2.6 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.
## **2.7 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.
Page 11
**JONTHREE TRUST LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **2. Accounting policies (continued)**
## **2.8 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.
## **2.9 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.
Page 12
**JONTHREE TRUST LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **3. Income from donations and legacies**
|Donations
Donations|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
140,811
278,133
_Restricted_
_funds_
_2024_
_Unrestricted_
_funds_
_2024_
_£_
_£_
_55,605_
_275,855_|**Total**
**funds**
**2025**
**£**
**418,944**|
|---|---|---|
|||_Total_
_funds_
_2024_
_£_
_331,460_|
**4. Analysis of grants**
|Grants, Belfast Ministry
Grants, Bible Ministry
Grants, Portuguese Discipleship
Grants, Christian Mission
**Total 2025**
Grants, Belfast Ministry
Grants, Bible Ministry
Grants, Portuguese Discipleship
Grants, Christian Mission
_Total 2024_|**Grants to**
**Institutions**
**2025**
**£**
14,650
90,250
25,722
53,433
184,055
_Grants to_
_Institutions_
_2024_
_£_
_5,753_
_221,500_
_80,921_
_61,261_
_369,435_|**Total**
**funds**
**2025**
**£**
**14,650**
**90,250**
**25,722**
**53,433**|
|---|---|---|
|||**184,055**|
|||_Total_
_funds_
_2024_
_£_
_5,753_
_221,500_
_80,921_
_61,261_|
|||_369,435_|
Page 13
**JONTHREE TRUST LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Belfast Ministry
Bible Ministry
Portuguese Discipleship
Christian Mission
Belfast Ministry
Bible Ministry
Portuguese Discipleship
Christian Mission|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
6,750
7,900
-
96,217
25,722
500
-
53,434
32,472
158,051
_Restricted_
_funds_
_2024_
_Unrestricted_
_funds_
_2024_
_£_
_£_
_500_
_5,253_
_-_
_233,236_
_80,921_
_500_
_-_
_61,260_
_81,421_
_300,249_|**Total**
**2025**
**£**
**14,650**
**96,217**
**26,222**
**53,434**|
|---|---|---|
|||**190,523**|
|||_Total_
_2024_
_£_
_5,753_
_233,236_
_81,421_
_61,260_|
|||_381,670_|
## **6. Analysis of expenditure by activities**
|Belfast Ministry
Bible Ministry
Portuguese Discipleship
Christian Mission|**Grant**
**funding of**
**activities**
**2025**
**£**
14,650
90,250
25,722
53,433
184,055|**Support**
**costs**
**2025**
**£**
-
5,968
500
-
6,468|**Total**
**funds**
**2025**
**£**
**14,650**
**96,218**
**26,222**
**53,433**|
|---|---|---|---|
||||**190,523**|
Page 14
## **JONTHREE TRUST LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **6. Analysis of expenditure by activities (continued)**
|Belfast Ministry
Bible Ministry
Portuguese Discipleship
Christian Mission|_Grant_
_funding of_
_activities_
_2024_
_£_
_5,753_
_221,500_
_80,921_
_61,261_
_369,435_|_Support_
_costs_
_2024_
_£_
_-_
_11,735_
_500_
_-_
_12,235_|_Total_
_funds_
_2024_
_£_
_5,753_
_233,235_
_81,421_
_61,261_|
|---|---|---|---|
||||_381,670_|
## **7. Independent examiner's remuneration**
||**2025**|_2024_|
|---|---|---|
||**£**|_£_|
|Fees payable to the company's independent examiner for the independent|||
|examination of the company's annual accounts|**1,785**|_1,716_|
|Fees payable to the company's independent examiner in respect of:|||
|All other services not included above|**2,362**|_2,710_|
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ .
During the year ended 31 March 2025, travel expenses totalling _£_ 1,805 were reimbursed or paid directly to 3 Trustees _(2024 - £6,952 to 3 Trustees)_ .
Page 15
## **JONTHREE TRUST LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **9. Fixed asset investments**
|**Cost or valuation**
Additions
At 31 March 2025
**Net book value**
At 31 March 2025|**Unlisted**
**investments**
**£**
**140,000**|
|---|---|
||**140,000**|
||**140,000**|
## **10. Debtors**
|**Due within one year**
Other debtors
Prepayments and accrued income|**2025**
**£**
**24,140**
**-**
**24,140**|_2024_
_£_
_1,389_
_2,125_|
|---|---|---|
||||
|||_3,514_|
Page 16
## **JONTHREE TRUST LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **11. Creditors: Amounts falling due within one year**
|Other creditors
Accruals and deferred income
**Financial instruments**
**Financial assets**
Financial assets measured at fair value through income and expenditure|**2025**
**£**
**77**
**1,476**
**1,553**
**2025**
**£**
**301,497**|_2024_
_£_
_157_
_1,636_|
|---|---|---|
||||
|||_1,793_|
|||_2024_
_£_
_93,942_|
## **12. Financial instruments**
Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand.
Page 17
**JONTHREE TRUST LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **13. Statement of funds**
## **Statement of funds - current year**
|**Balance at 1**
**April 2024**
**£**
**Unrestricted funds**
General Funds - all funds
**94,424**
**Restricted funds**
Restricted Funds - all funds
**1,239**
**Total of funds**
**95,663**
**Statement of funds - prior year**
_Balance at_
_1 April 2023_
_£_
_Income_
_£_
**Unrestricted funds**
General Funds - all funds
_142,387_
_275,517_
**Restricted funds**
Restricted Funds - all funds
_3,486_
_55,943_
**Total of funds**
_145,873_
_331,460_|**Income**
**£**
**278,133**
**140,811**
**418,944**
_Expenditure_
_£_
_(300,749)_
_(80,921)_
_(381,670)_|**Expenditure**
**£**
**(158,051)**
**(32,472)**
**(190,523)**
_Transfers_
_in/out_
_£_
_(22,731)_
_22,731_
_-_|**Balance at**
**31 March**
**2025**
**£**
**214,506**|
|---|---|---|---|
||||**109,578**|
||||**324,084**|
||||_Balance at_
_31 March_
_2024_
_£_
_94,424_|
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**||||
||||_1,239_|
||||_95,663_|
Page 18
**JONTHREE TRUST LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **14. Summary of funds**
## **Summary of funds - current year**
|**Balance at 1**
**April 2024**
**£**
General funds
**94,424**
Restricted funds
**1,239**
**95,663**
**Summary of funds - prior year**
_Balance at_
_1 April 2023_
_£_
_Income_
_£_
General funds
_142,387_
_275,517_
Restricted funds
_3,486_
_55,943_
_145,873_
_331,460_|**Income**
**£**
**278,133**
**140,811**
**418,944**
_Expenditure_
_£_
_(300,749)_
_(80,921)_
_(381,670)_|**Expenditure**
**£**
**(158,051)**
**(32,472)**
**(190,523)**
_Transfers_
_in/out_
_£_
_(22,731)_
_22,731_
_-_|**Balance at**
**31 March**
**2025**
**£**
**214,506**
**109,578**|
|---|---|---|---|
||||**324,084**|
||||_Balance at_
_31 March_
_2024_
_£_
_94,424_
_1,239_|
|General funds
Restricted funds||||
||||_95,663_|
## **15. Analysis of net assets between funds**
**Analysis of net assets between funds - current year**
|Fixed asset investments
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2025**
**Unrestricted**
**funds**
**2025**
**£**
**£**
-
140,000
109,578
76,059
-
(1,553)
109,578
214,506|**Total**
**funds**
**2025**
**£**
**140,000**
**185,637**
**(1,553)**
**324,084**|
|---|---|---|
Page 19
## **JONTHREE TRUST LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **15. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Current assets
Creditors due within one year
**Total**|_Restricted_
_funds_
_2024_
_£_
_1,239_
_-_
_1,239_|_Unrestricted_
_funds_
_2024_
_£_
_96,216_
_(1,793)_
_94,423_|_Total_
_funds_
_2024_
_£_
_97,455_
_(1,793)_
_95,662_|
|---|---|---|---|
## **16. 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.
## **17. Controlling party**
The ultimate controlling party of the company is the Board of Trustees.
Page 20