GREEN PASTURES, THE PEOPLE'S CHIIRCH
IIND SUBSIDIARY COMPANIES
ANNUAL REPORT AND CONSOLIDATED FINANCIAL
STATEVIENTS FOR THE YEAR ENDED
31$1 AUGUST 2023
Registration NI 062702

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED ACCO[￿Ts
ST
ANNUAL REPORT AND FINAf4CIAL STATEMENfs FOR THE YEAR ENDED 31 AUGUST 2023
Page5
Report of the Direetors
IndeperLdent Auditors Report
8- 10
Consolidated Statement of Financial Activities
Consolidated Statement of Financial PositiorVBalance sheet
12
Company Staternenl of Financial Positionl Balance sheet
13
Consolidated Ststement of Changes in Funds
14
Consolidated Cash Flow Statement
15
Notes to the financial statements
16-24

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED ACCOUNTS
REPORT OF THE DIRECTORS (INCORPORATING TRusfEES' REPORT)
The Directors (who are also the trustees) are pleased to present their annua] report together with the financial Statements of
the charity for the year ended 31 August 2023, which are prepared to meet the requirements for a directors, report and
accounts for Companies Act purposes. The directors have adopted the provisions of the Companies Aci 2006 and Accounting
and Reporting by Charities: StateJnent of Recommended Practice applicable to charities preparing accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic ofireland (Charities SORP- FRS102), in preparing
the annual report and financial statements of the charity.
Achievements and performance
The Church's desire 15 to be a reflertion of God's heart through a vibrant, 21 st century church. We are committed to building
a spiril-filled people who are inspired by Christ enjoying us. enjoying Him. A people who are driven by compassion to Teach
lost and hurting people, and to be a tr￿sforming presence in the communiiies we serve.
In the year 2023 we identified areas for improvement and as a result were able to produce additional efficiencies. Volunteer
work has increased with many hours being given in service, for the benefit of the church and the conununity towards the
charitable aims.
We celebrated wiih 31 people who came to a new faiih in Jesus Christ (last year 13), In this time period 46 were baptised (last
year 22). 14 New members made a decision to bewme planted membe￿. The church also provided Pastoral Care not only to
its aduli members but also to the wider community.
The "Galeway" Project exists for the benefit of the local area, particularly Ballymen4 and seeks to be a blessing to our city
by providing social value and helping to stimulate spiritual, social and economic regeneration.
Financial review #nd funds policy
The income of Green Pastures. The People's Church is teslamenl to the lovely giving heart of its people and to God's promise
that if we act in faith with careful planning, He will release His provision.
Freewill offtrings and associated gift aid continue to be the principal ￿ndIng sources of the Group. along with irading income
of tlie Group subsidiaries. This income is used to support the various ministries of the Group and to meet the day-lo-day
operational costs. The break-dowi of this is provided in the Statement of Financial Activities on page I l.
During the year the Group had total income of £672,678 and total expenditure of £561,253 resulting in a net surplus of
£111,425. The Surplus for the period as shown in the slatemenl of financial activities on page I I has been transferred to
the company's fvnds and has resulted in an increase in total Church fun(ts from £22,644,664 to £22,756,089. Details of the
financial position of the Church at the period-end can be seen on page 12.
Ai the end of the year the Group had £180.71 I cash at bank, and il is the aim of the Trustees, if possible, to maintain an
unrestricted ¢&sh reserve equivalent to that of two month5 expenditure
The company plan5 to continue its acfivities in the fortbcoming years.
Trading Hctivities
The trading activities of the Group's subsidiaries provide finance to further the aims and objectives of the Church and its
associated charities, Connect Ministries and Compassxon Ministries.
The continuing trading operations of the Group were profitable during the period and are expected do so for the incoming
year.

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED ACCOUNTS
REPORT OF THE DIRECTORS (COaYttnuedJ
Objectives and A¢tiviti¢$ (and how they deliver publie benefit)
Purpose I
Purpose..
To advan¢e the Christian religion for the benefit of the public in the area of benefit in accordance
with the statements of belief.
B¢nefiGiaries-.
Open to all of the public in Nortbern IrelatLd.
How they
benefit:
The adoption of a moral framework which encourages people to be good Citizens.
How the
benefits can be
demonstrated..
Improved behaviour as a result of being involved in a public act of worship.
Purpose 2
Purpose-
To promote the benefit of the inhabilanis of Galgorm particularly. and Northern Ireland generally
(hereinafter called 'the area of benefit"} withou¢ distinction of sex. sexual orientation, race or of
political, reli8ious or other opinion by establishing a place of worship for the Christian religion.
Ben¢ficiaries'.
Opcn to all of the public in Northern Ireland.
How they
benefit..
The adoption of a moral framework which encourages people to be good Citizens. The provision of
facilitie5 for public use.
How the
benefits can be
demonstrated..
Improved behaviour as a result of being involved in & public act of worship.
Purpose 3
Purpose:
The advancement of ihe Christian religion mainly, but not cxclusively, by means of broadcasting
Christian messages of an evangelistic and leaching nature.
Beneficiaries:
Open to all of the public in Northern Ircland.
How they
b¢n¢fit-
Access to educationa] opportunities. to public worship and to religious publications including
sacred texts and literature.
How the
benefits can be
demonstrated:
Improved behaviour ￿ a result of increased awarene55 of a Mor￿ framework.

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED ACCOUNTS
REPORT OF THE DIRECTORS (continued)
Objectives and ActFvities (and how they deliver public benefit) (continued)
Purpose 4
PuTPOSe:
Providing services of worship. religious teaching. facilities or services to allow believers to practice
their faith or follow ils doctrines; producing or making available literature explaining the doctrines
involved and how to find out rnore about them. Distribution of sacred texts the area of betlefit.
Beneficiaries:
Open to all of the public in Northern Ireland.
How they
benefit..
A¢¢ess to public worship, to educational opwrtunities aTJd to religious publications including
sacred texts and literature.
How the
benefits can be
demonstrated:
Improved behaviour as a result of increased awareness of a moral framework and involvement in
public worship.
Purpose 5
Purpose..
Associating together the said inhabitants and the local authorities voluntary and other organisations
in the area of benefit in a common effort to relieve poverty and advance education and to provide
facilities in the interests of wclfaTe for the recreation and leiSL￿e-ljme occupation with the object of
improving the conditions of life for the said inhabitants.
Beneficiaries:
Section of the public in the locality where the activity is provided.
How they
benefit..
Financial aid, money managemenl training, provision of leisure and recreational facililies and
piogramm¢s.
How the
benefits can be
demonstrated:
Improvement in social, emotional and physical wellbeing of participants.

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED Accouwrs
REPORT OF THE DIREcfoRS (conéinued)
Objectives and Activities (and bow they deliver public benefit) (coniinuedj
Main Activities
The main activities of the Charity include the provision of setvices of worship; the advancement of the Christian religion-
providing opportunities for volunteers. providing volL)nteers for the community benefit. supporting and working alongside
other like.minded charitable and volunteer organisalions.
The Church, in the furtherance of its aims and objectives. co-operaies closely with two other charities; Connect Ministries
Limited and Compassion Ministries. This co-operation involves shared Strategic direction, financial support and volunteer
Te50urce support. The outcomes of tknis support ar¢ monitOT¢d to cDsur¢ that the Church's clwitsble objwtiv¢s ar¢ being
furthered by these partnerships.
Green Pastures, The People's Church is the IOOO/o parent company of The Gateway Social Investments Limited.
The trading activities of the Group's subsidiarics provide finance to further the aims and objectives of Ihe Chur¢h and its
associated charities, Connect Ministries and Compassion Ministries.
Profits are prlmarily applied for the charitable purposes of associated charitable companies. Al the date of this report, current
trading activities are limited to Pure Gym which is the trading ami of The Gateway Social Investment Limited.
Volunteers
The Trustces wish to acknowledge their deep appreciation of those who give freely of their time by serving on committees
and helping with organisations and other church activities.
Reference and administrative details
Registered charity name..
Charity Commission registration number:
HNfRC charity refercnce..
Company r¢gislration number-
Principle office and regisiered office:
Green Paslures, The People's Church
NIC101855
XR94E50
N1062702
l. Faith Avenue
The Gateway
Ballymena
Countv Antrim
BT42 3FF.
Baokers:
Bank of Ireland
Broadway Avenue,
Ballymen&
BT43 7AA.
Solicitors:
KiJ)g and Gowdy
298. Upper N¢wtownard5 Road,
Belfast.
BT4 3EJ.
Auditor:
Peter Stevenson
Stevenson and Wilson
22-JO, Broadway Avenue.
Ballymen&
BT43 7AA.

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED ACCOUNTS
REPORT OF THE DIRECTORS (continued)
Directors and Trustees of the Compgny
The directors who held office during the year, and in the period since 31" August 2023 to the date of these accounts were
approved, were as follows..
Mr Robert Kingston
MT Mark Rankin
Ms Mary Regan
Mrs Suzanne Blair (resigned 30th November 2023)
Structure* governance and management
The Company is a charity limited by guarantee without share capital. The Board of Directors are also known as Trustees
for the purposes of the Charity Commission.
The Company is governed by ils Memorandum and Articles of Association dated 17th January 2007. In the event of the
Company being wound up members aTe required io contribute an amount not exceeding £1. The Trustees are responsible for
setting the overall strategic direction of the Charitv and the remuneration rates ofall employees. while the day to day running
of the operations of Church is delegated by the Trustees lo the Executive leam. The Trustees have had regard to the Charity
Commission's public benefit requirement and on appointment to the Board are made aware of all of their responsibilities in
tern)s of both Charity Law and Company Law.
Directors/Trustees are appointed in line with th¢ Memorandum & Arttcles of Association of the company. which requires a
majority of the members or board to approve the appoinlment. Potential new trustees are identified by either volunteering
or by approach. Prior to Appointmeni. care is always exercised to ensure thal their values and goals are fvlly aligned with
the Charity'5 objectives.
Risk management
The principle financial risks lo the charity lie within the developrnent of the new church facility and the trading operations of
its subsidiaries. The trustees have identified these risks, and are satisfied that they are mitigated by adhering lo reasonable and
stundard financial practices. for example, engaging in a fixed price conlraut for building works; employing a quantity survcyor
to ensure value for money* having collateral warranties ITr place for all contractors,. ensuring subsidiary companies are trading
within their means.
Statement of directors. responsibilities
ThL dirLciors (who are the trustccs of Green Pastures, The People's Church) are responsible for preparing the direclots, report
and the financial statements in accordance with applicable law and regulations.
Company law requires the directOTS to prepare financial ststements for each financial period. Under that law the directors have
prepared the financia] statements in accordance with United Kingdom Generally Accepted Accounting Practice (United
Kingdom Accounting Standards and applicable law)- Under Company law the directors must not approve the financial
statements unless they are satisfied Ihal they give a true and fair view of the state of affairs of the Group and Charitable
company and of the incomillg resources and application of re50urce% including inc0￿C and expenditure for that period. In
preparing ihe5e financial statements, the dir¢clors are required to-
select suitable accounting policies and apply them consi5tently-
observe the methods and principles in the Charities SORP-FRSIO2.
make judgements and accounting estimates that are reasonable and Prudent.
stat¢ whethcr applicable accounting standards have been followed. subject to any matcrial departures disclosed and
explained in the financial statement- and
prepare thc financial statements on the going concern basis unless it is inappropriate to presume that the company
will continue in business.

GREEN PASTURES, THE PEOPLE?S CHURCH AND SUBSIDLiRY COIVIPANtES
CONSOLIDATED ACCOUNTS
REPORT OF THE DIRECTORS (continued)
The directors are restminsible for keeping adequate accounting records tbat are suffLcient to show and explain the charitable
company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and 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 Group and Company and hencc for taking reasonable steps for the prevention and detection of
fraud and other i￿egUlaritieS.
In the case of each director in office at the dale the Directors. Report is approved:
so far as the director is aware. there is no relevant audit infonnyAtion of which the charity's auditors are unaware,.
and
they have taken all the steps that they ought to bave taken as a director in order to make themselves aware of any
relevant audit information and to eslablish that the charitable company's auditors are aware of thai inforniation.
Funds held A5 CU51odian trustee on bebaif of others
The Lhariiy does noi Eiold any funds on behalf of others.
Auditors
A resolution to appoint auditors will be proposed at the Annual General Meetin8.
Approved by the Board on 23rd April 2024 and signed on its behalf by".
Mark Rankin

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
GREEN PASTURES, THE PEOPLE'S CHLRCH Af*D SUBSIDIARY COMPANTES
Opinion
We have audited the fiDancial statements of Green P&stures. The People's Church (The Parent Charitable Company) and its
subsidiaries (The Group) for the year ended 31¥( August 2023, which comprise the Statement of Financia] Activities, Balance
Sheet, Cash Flow Stalernent and notes to the fllWLcial statemellts, including a summary of significant accounting policies.
The financial reporring framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK
and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice)- (ChaTities SORP (FRS102)).
In our opinion the financial statements..
give a true and fair view of the state of ihe GTOUP'S and Parent Charitable Company's affairs as at J I, August 2023
and of its incoming resources aud their application for th¢ p¢riod then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan¢¢ with International Standards on Auditing (UK) (ISAs {UK)) and applicable law. Our
responsibilities under those standards are fvrther described in the Auditor's responsibilities for the audit of the financial
ststements seclion of our report. We are independent of the Group and Parent Company in acconlance with the eihifjal
requirements that arc relevant to our audit of the financial siatements in the UK. including the FRC'S Ethical Standard, and
we have fulfilled our other elhi¢al responsibilities in accordance with these requirements. We believe that the audit evidence
we have obtained is sufficienl and appropriate to provide a basis for our opinion.
CoDclusions relating to going concern
In auditing the financial sthtemenls, we have concluded that the direciots. use of the going concern basis of accounting in the
preparation of the financial statements is appropriate.
Based on the work we have perforrned, we have not identified any material uncertainties relating to events or conditions Ihal
individually or collectively, may cast Signific￿11 doubl on the group arid parent company's ability to continue as a going
oncern for a period of ai least twelve months from when the f￿ancIal statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevanl section5
of tliis report.
Other inforrnation
The directors are responsible for the other information. The other infomiation comprises the infonnation included in the
annual report, other than the financial statements and our auditor'5 report thereon. Our opinion on the financial ststements
does not cover the other inforn]aliort and. except to the extent otherwise explicitly stated in our report, we do not express any
forn) of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other inforniation and. in doing 50,
consider whether the other information is fflaterially incoDSiStent with the financial statements or our knowledge obtained in
the audit or otherwise appears to be materially mi5Stated. If we identify such material illcoll5islencie5 Qr apparent material
misstatements. we are Tequired to deterniine whether ihere is a material misstatement in the financial statements or a material
misstatement of the other inforniation. If, based on the work we have perforrned, we conclude that there is a material
misstatement of this other inforniation, we are requircd to report that fact.
We have nothing to report in this regard.

INDEPEIYDENT AUDITORS, REPORT TO THE MEMBERS OF
GREEN PASTURES. THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES (colltinued)
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the Course of the audit:
the inforniation given in the DirectOTS' report (incorporating the strategic report) for the financial period for which
the financial statements are prepared is consistent with the financial 5tateJllents- and
the Directors. report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exceptio
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the
course of the audit. we have not identified material missialements in the directors, report.
We have nothing to report in respect of the following matters in relation ￿ which the Companies Act 2006 requires us to
report to you if, in our opinion:
adequate accounting records have not been kept by the Pareni Cotnpany. OT returns &dequate for our audit have not
been received from branches noi visited by ￿$. or
the Parent Company financial statements are not in awement with the accounting records and returns. or
crtain dis¢losur¢s of Directors, remuneration specified by law are not made. or
we have not received all the information and explanalions we require for our audit- or
the directors were not entitled to prepare the financial statements in accordance with the small companies regime
and lake advantage of ihe small companies, exemptions in preparing th¢ director's report and from the requirement
to prepare a strategic report.
Responsibilities of direetorsltrustees
As explained more fvlly in the directors. responsibilities statement (set out on pages 2 to 7), the directors (who are also the
trustees of the charitable ¢ompany) are responsible for the preparation of the financial siatements and for being satisfied that
they give a true and fair view, and for Such internal control as the directors determiIie is necessary to enable the preparation
of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial siatements, the directors are responsible for 8ssessing the Group's and the Parent Cornpany'5 ability
to contiiiue as a going concern, disclosing. as applicable, matters related to going concern and using the going concern basis
of accounting unless the dire¢tors either intend to liquidate the Group or Parent Company or lo cease operations, or have no
realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives &re to obtsin rea￿nable assurance aboui whether the financial statements as a whole are free from material
misstatement, whether due to fraud or error. and to issue an auditor'5 report that includes our opinion. Reasonable assurance
is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detecl a
material misstatetnent when it exists. Misstatements can arise from fraud or error and are considered material if. individually
or in the aggregate, they could reasonably be expected to influence the e¢onomic decisions of u5er5 taken on the basis of these
financial statements.
A5 part of an audit in accordance with ISAS (UK), we exercise profrssional judgment and maintain professional scepticism
throughout the audit. We also-
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or e￿or.
degign and perfomi audit procedures Tesponsive to those risks. amd obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a matertal misstatement resulting from
fraud is higher than for one resulting from em)r. as fraud may involve collusion, forgery, intentional orni55i0tL5,
misrepreseniations. or the override of internal control.
Obtain an understandiJ)g of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circutnstance5. but not for the purpose of expressing an opinion on the effectiveness of the
Group's internal corntrol.

IINDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
GREEN PASTURES, THE PEOPLE'S CHURCH AND SIIBSIDIARY COMPAf41ES (conlinued)
Auditor's responsibilitiL8 for the audit of the financial slatements (conftnued)
Evaluate the appropriateness of accounting policies used atld the reasonableness of accounting estimates and related
disclosures made by the directors.
Conclude on the appropriateness of the directors. use of the going Concern basis of accounting and, based on the
audit evidence obtained, whether a rnateTial uncertainty exists related to events or conditions that may cast
significant doubt on the Group's or the Pareni Company's abiliry io continue as a going concern. If we conclude
that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures
in the financial statements or, if such disclosures are inadequate. to modify our opinion. Our conclusions are based
on the audit evidence obtained up to the date of our auditor's report. However. future events or conditions may
ause the Group or Parent c.ompany to cease to continue as a going concem.
Evaluate the overall presentaliort, structure and content of the financial statements, including the disclosures, and
wh¢ther th¢ financial $￿teMentS represent the underlying trans&ctions and events in a maJJner that achieves fair
presentation.
Obtain sufficient appropriate audit evidence regarding the financial infonnation of the entities or business activities
within the group to express an opinion on ihe consolidated financial statements. We are responsible for the
directio￿ supervision and performance of ihe group audit. Ive remain solely responsible for our audit opinion.
We communicate with those charged with governance regarding, among other matters. the planned scope and timing of the
audit and signifi¢ant audit findings, including any significant deficiencies in inlernal control that we identify during our audit.
Use of our report
This report is made solely lo Ihe company's members. as a body, in a¢¢ordan¢e with Chapter 3 of Part 16 of the Companies
Act 2006. Our audit work has been undertaken so that we might stale lo the Company's members those matters we are required
to slalc to them in an auditor's report and for no other purpose. To the ￿lIest ex1ent pennitted by law, we do not accept or
assume responsibility to anyone other than the company and the company's members as a body, for our audit work. for this
report, or for the oplnions we bave fornied.
Peter Stevenson (Senior Ststutory Auditor)
For and on b¢half of..
Stevenson and Wilson Chartered Accountants. Ststutory Auditor
22-. 30 Broadway Avenue
Ballymena
BT43 7AA
23° April 2024
io

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED ACCOUNTS
CONSOLIDATED STATEMENT OF FINANCIAL AcfiviTIES INCORPORATING INCOME AND
EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023
Unrestricted
Funds
Charttable
21J23
Restricted
FU￿d$
Charitable
2023
UDre5tricted
Funds
Trading
2023
Total
2Q23
Total
2022
Note
Incoming resources
Donations received
Charitable activities
Turnover
Interest received
Other income
444.621
12,018
108JS1
2,255
S52,972
14,273
105,186
247
733,248
32,874
343,130
53
16,206
105,186
247
Total illeome
456.639
110,853
105,186
672,678
1,125,511
Resources expended
Charitable activities
Support costs
Governance costs
Trade operating expenses
55.498
263,467
12,500
41,113
85,898
96,611
349J65
12,500
102,777
116,434
593,?04
20,800
407,987
102,777
Total expenditure
331,465
127.011
102.777
561253
1,138,425
Net income before transfers
125.174
{16.158}
2.409
111,425
(12,914)
Transfers between funds
22,622,813
(22,651 J13)
Nel incomel(expenditur¢)
before taxatlOD
22,747,987
(22,667,471)
30,909
111,425
{12.914)
TaxatlOD credit
Iyet movement in funds
22,747.987
{22.667.471}
30,91)9
111,425
(12,914)
Reconcillatiott of funds:
Tolal funds brought forward
(162,834)
22,867,404
{59,906)
22,644,664
22,657,578
TotAI funds carried forward
22,585,153
199,933
{28.997)
22,756,089
22,644,664
The llotes oll pages 16 to 24 form part of thcst financial statetnents.

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSXDIARY COIIIPANIES
CONSOLIDATED ACCOUNTS
CONSOLIDATED STATEMENT OF FINANCIAL POSITION / BALANCE SHEET AS AT 315t AUGUST 2023
Charitable
2023
Trading
2023
Total
2023
Total
2022
Note
Fixed assets
Tangible fixed assets
23,018,471
8,752
23,027223
23,019.902
Current Assets
Slock
Other debtors and prepayments
Cash at bank- operating accounts
Cash at bank- Project Nehcmiah account
Cash at bank- Other ministy a¢¢ounts
12
13
500
271,452
140,676
89,186
20,987
522,801
54,914
40,897
1,760
129.835
227,406
54
8219
54,968
49,116
1,760
129,835
235,679
8.273
Creditors: amounts due wittlin one ye¥r
14
(91 J91)
(19.266)
(110,657)
(365,036)
Net eurrent Assetsl(liabilities)
136,015
(10,993)
125,022
157,765
Total assets less ¢urreni IiAbilities
23,154,486
(2,241)
23,152.245
23,177,667
Creditor5: 8tllounts due after one year
15
(369,400)
(26.756)
(396,156)
(533.0031
Pyovlslon for Ilabllities and charges
16
Total net assets
22,78S.086
(28,997)
22,756,089
22,644.664
Represented by:
Uwestri¢ted fvnds
Restricted funds
Profil and loss reserves
22,585,153
199.933
22,585,153
199,933
(28,997)
(162,834)
22.867.404
(59,906)
(28,997)
Funds balanee at 31" August 2023
22.785,086
(28,997)
22,756,089
22,644.664
The financial ￿ateMentS have been prepared in accordance with The Companies Act 2006 and with Charities SORP-FRSIO2.
The fManCi￿ statements on pages I I to 24 were approved by the Board of Trustees on 23, April 2024 and signed on its behalf
by:
Robert Kingston
Trustee
Mark Rankin
Trus*e
The notes on pages 16 to 24 forni part of these financial statements.
12

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED ACCOUNTS
ST
COMPANY STATEMENT OF FINANCIAL POSITIONIBALANCE SItEET AS AT 31 AUGUST 2023
(Company Registration Number NI 062702)
Note
2023
2022
Fixed assets
Tangible fixed assets
Investments in shares in subsidiari¢s
10
li
23,018.471
23,009,573
23,018,472
23,009,574
Current assets
Other debtors and prepayments
Cash at bank- Church account
Cash at bank- Project Nehemiah accouol
Cash at bank- other ministry accounts
13
54,914
40,897
1,760
129,835
227,406
270,675
131,979
89,186
20,987
512,827
Creditors: amounts due wlthln one year
14
{91 J92)
(343,121)
Net eurreot assets
136,014
169,706
Totg14s$ets less Current liabilities
23.154,486
23,179.280
Creditors: amount5 due after one year
15
(369,400)
(504,710)
Total net assets
22,785,086
22,674,570
Unrestricted funds
General funds
Total Ullrestricted funds
22.585,153
22,585,153
{192,834)
(192,834}
Restricted funds
199933
22.867.404
Total ch#rtty fun(Ls
22,785,086
22,674,570
The financial statements have been prepared in accordance with the provisions applicable to coIIipanies subject to the small
¢ompMnics' regime under The Comparkies Act 2006 and with Cbarities SORP-FRSI 02.
The financial statements on pages I I to 24 were approved by the Board of Trustees on 23 April 2024 and si￿ed on its behalf
by..
Robert Kingston
Trustee
Mark Rankin
Trustee
Ihe notes pages 16 to 24 forni part of these fllJatt¢ial statements.
13

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED Accouiyrs
CONSOLDIATED STATEMENT OF CHANGES IN FUNDS APID RESERVES
FOR THE YEAR ENDED 31ST AUGUST 2023
Unrestricted
Funds
Restricted
funds
Prtsfit and
loss reseryes
Total
At I. S¢ptenJber 2021
(299,560)
22,912,829
44,309
22,657,578
Net surplus/(deficit) for the y¢ar
136.726
(45,425)
(104.215)
(12.914)
At 31" August 2022
(162834)
22,867,404
(59,906)
22,644,664
Net SUTplud(d¢ficit) for th¢ period
22.747.987
(22.667,471)
30.909
111,425
At 31" August 2023
22,585,153
199,933
(28,99T)
22,756,089
The notes on pages 16 to 24 forni p2rt ofthese financial statements.
14

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED ACCOUNTS
CONSOLIDATED CASH FLOW STATEMENT FOR THE
ST
YEAR EfiDED 31 AUGUST 2023
2023
2022
Operating aclivities
Net incoming resources before interest
Depreciation I loss on disposal
Decrease in stock
Decrease/{increase) in debtors
Decrease in creditors
Net cash oufflow from oper4ting activitie5
111,178
35.447
500
216,484
{384221)
(20,612)
(12,967)
39.195
(67,466)
(21.115)
(6?,353)
FinAneing activities
Repayments of borrowing
Interest received
Net cfisb outflow from financing activities
(7,005)
247
{9,570)
53
(9,517)
(6,758)
Investing activities
Purchase of tangible fixed assets
Disposal of tsngible fixed a5seis
Net cAsh outflow from investillg activities
(44,868)
2,100
(42,768)
(55,900)
(55,900)
Net decrease in cash for the period
(70,138)
(127,770)
Cash and cash equivalents at the beginning of ihe period
250,849
378,619
Cash and cash equivalent at the end of the period
180,711
250,849
Cash and cash equivalents
Cash at bat
J 80,711
180,711
250,849
250.849
The notes on pages 16 to 24 form part of these financial statements.
15

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED ACCOUNTS
ST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
l. Company information
The Company is limited by guarantee and is incorporated in Northem Ireland. The address of the registered office is I
Faith Avenue, The Gateway. Ballymen4 Co Antrim B T42 3FF. TFLe fitlancial statements were authorised for issue by the
Board on 23 April 2024.
2. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the
financial stateiT]ents are as follows..
Basis of preparation
The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by
Charilies.. Statement of Recommended Practice applicable to chuities preparing their &ccounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)- (Charities SORP (FRS 102)). the
Financial Reportin8 Standard applicable in the UK and Republi¢ of Ireland IFRS 102) and the Companies Act 2006. The
accounts are prepared itk sterling. which is ihe fjjnctional currency of the charity.
The Company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are inilially recognised
al historical cost and transaction value unless otherwise stated in the relevant accounting policy notes.
Basi5 of consolidation
The consolidated financial statements comprise the financial statements of Green Pastures, The People's Church and all
its subsidiaries for the year ended 31 # August 2023. All subsidiary companies are wholly owned and controlled by the
Group.
PreparAtion of accounts on a going concern basis
The Company generally meets its day to day working capital requirernents from its &nnual in¢ome. Th¢ TTusle¢s h&ve
obtained and reviewed cash flow forecasts for the coming year and b￿d on these are satisfied that the Company h&s
resources to provide a reasonable expectation that il can continue to meet its financial obligations as they fall due for the
foreseeable future. Therefore. these financial statements have been prepared on a going concem basis.
Incoming resources
Donations received ¢omprise5 all cash receivable for the accounting period, including any related tsx recoverable under
Gift Aid. Income is recognised wh¢n the Charity bas cslablished an entitletnent lo the income. For donations this is
typically upon rcceipt. Gifi aid income is accrued in respect of charitable donations already receipted. Charitable activity
income includes sale of goods and conlerence ticket sale income.
Don&ted
oods
Eslimaling the fair value of donated goods for resale is impractical beCa￿e of the volume of low-value items received.
in addition, the increase in administrative time and cost of maintaining detailed stock control system5 Would great]y
outweigh any potential benefit. As a consequence. donated goods for resale are not r¢¢ognised on receipt but instead the
incon)e is recognised at Ihe point of onward sale
Resources expended
Resources expended are recognised in the peri(Ml in which they are incurred.
Charitable expenditure comprises thoK costs iDcurred by the charity in the delivery of its }￿tiVItieS and seNices to its
beneficiaries. It includes both costs that can be allocated directly to such activities and Éhose costs of an indirect nature
necessary to support them.
16

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDLIRY COMPANIES
CONSOLIDATED ACCOUNTS
NOTES TO THE FINANCLiL STATEMENTS (continued)
2. Accounting policies (continued)
Short-term debtors and creditOTS
Debtors and creditors with no slated interest rate and receivable or payable within one year are recorded at transaction
price. Financial assets, including debtors, are reviewed at the reporting date lo determine if there is any evidence of
potential impairnient. Any losses arising from impairnienl are recognised in the income statement in operating expenses.
Tangible *s8ets
The tangible assets of the charity comprise of plant and equipmeni and motor vehicles.
Equipmertt is depreciated al a rate calculated lo reduce it to residual value at the end of its expected normal life on a
straigbt- line basis at rates of 20 /0 per annum. Motor vehicles are depreciated at a rate calculated to reduce them lo r¢5idual
value at the end of their expected normal life on a straighi- line basis at a rate of 200/0 per annum.
The assets. residual values and useful lives are reviewed. and adjusied. if appropriate, at the end of each reporting period.
The effect of any change is accounted for prospectively.
Tangible assets are derecognised on disposal or when no future e¢onomi¢ benefits are expe¢ied. On disposal. the difference
between the new disposal proceeds and the carrying amount is ￿cognIsed in the statement of financial activities and
in¢lud¢d m "charitable a¢tivity expenditure"
Stock
Stock is held a¢ the lower of ¢os¢ and net realisable vatue.
Cash and eash equivalents
Cash and cash equivalenls includes cash in hand and cash at banks.
Financial instruments
The Company only h&s fin&ncial assets and financial liabtlities of a kind that qualify as basic financial instruments. Basic
financial instruments are initially re¢ognised at iransaction price and subsequently me85ured at their settlement value.
Funds
Funds are classified &$ either unrestricted funds or restricted ￿rtds. defined 18 follows.
Unrestricted fund5 are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of
the unrestricted funds are eannarked at the discretion of the trustees for a particular purpose. they are designated as a
separate fund. This desi￿&110￿ has an administrative PUTpose only and does not legally restrict the trustees, discretion to
apply the fund.
Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their
authority or Greated through legal processes, but still within the wider objeGts of the Charity.
The initial acquisition of tangible fixed assets fi]nded through an appeal or by way of donations are treated as restricted
nds. Where the terms of thc gift perniil the Trustees lo use the asset on an u[￿estrIcted ba5iy for any charitable purpose,
a transfer is made from restricted to unrestriGted funds.
Pensions
The Charity operates a defined contribution scheme for all staff. Employer contributions are chaTged through the incorne
and expenditure account when incurred.
17

GRKEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED ACCOUNTS
NOTES TO THE FINAIYCIAL STATEMENTS (conftnued)
3. Critieal accounting judgements and estimation uncertaillty
Estirnates and judgments made ID the process of preparing the financial statements are continually evaluated and are based
on historical experience and other faciors, in¢ludinE exp¢ctatiQlls of future events that are believed to be reasonable under
the circumstances. The Trustee5 do not consider that there are any critical judgments made in applying the Company's
accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of
causing a material adjustment to carrying amounts of assets and liabilities within the next financial year.
4. Analysis of income
Unrestricted
Funds
Charitahle
Restricted
Funds
Charitable
Unrestricted
Funds
Trading
2023
Total
To￿]
2023
2023
2023
2022
Donations received
From individuals and
corporate bodies
Tax recovered on donations
397,781
46,840
444,621
95J43
13,008
108J51
493,124
59,848
552,972
647.195
86,053
733,248
Charitable activities
Ancillary Irading activities
Grant income
Student fee income
12,018
1,795
460
13,813
460
12,224
9.530
11.120
32,874
12,018
2255
14,273
Turnover
105,186
105,186
343,130
Interest received
247
247
53
Other income
16,206
Total ineome
456,639
J AO,853
105,186
672,678
1,125.511
18

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED ACCOUNTS
NOTES TO THE FINANc￿L STATEMENTS (conlinued)
5. Analysis of expenditure
Unrestricted
Funds
Charitsble
Restrieled
Funds
Charitable
Unreslricted
Funds
Trading
2023
Total
Total
2023
2023
2023
2022
Charitable activities
Donations to associated charities
Other charitable donations
33.130
2585
19,783
55,498
6.945
6,128
28,040
41,113
40,075
8,713
47,823
96,611
18,512
17.90I
80,021
116,434
Activity costs
Support eosts
Wages and salaries
Property Losts
Administration c05tS
Depreciation
Other expenses
Recharge of overheads
132,128
113,674
19,496
3,766
lJ97
(6,994)
263,467
132.128
155,843
25,113
34,845
8,430
(6,994)
349,365
306,319
361,807
45.106
35,537
2,737
(158,302)
593,204
42,169
5,617
31,079
7.033
85,898
Goverllance costs
Auditors remuneration
12,500
J2,500
20,800
Tr8de operating expenses
Cost of sales - materials
Wages and salaries
Other charitable donations
Managemertt fees
Property costs
Administration costs
Depreciation (incl. profit on disposal}
Other expenses
817
817
61J81
2,100
lJ42
25.898
10,637
602
61,381
2,100
1,342
25,898
10,637
602
273,325
7,624
47,583
75,769
3,320
166
102,777
102,777
407,987
Total expenditure
331.465
127,01
102,777
561,253
1.138,425
19

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED ACCOUNTS
NOTES TO THE FINANCIAL STATEMENfs (continued)
6. Analysis of staff costs, trustee remuneration and expense4 and tILe cost of key mxnagetllent penonnel
2023
2022
Salaries and wages
National insurance costs
178,548
12,191
2,770
193,509
535.071
35.839
8.734
579.644
Employer pension ¢ontributions
The average monthly number of employees during the period was 11 (2022.. 32). The average numbers of full- and part-
time employees were 6 and 2 respectively. The average number of full time equivalent staff was 9.
There are no employees in receipt of employee benefits in excess of £30.000. No tn￿tee or a person related to a trustee
had any personal interest in any contract or transaction entered into by the charity during the period. Remuneration paid
lo Truslees lotalled £nil (202?: £nil) in aggregate for the period. No expenses were incurred in respecl of Trustees.
7. Transfers between funds
Unrestricted funds are spent or applied at the discretion of the trustees to ￿rther Any of the charity's purposes. Unrestricted
funds may be used to supplement expenditure made from restricted funds.
The Church property and site were funded ihrough specific donations and fundraiser5, and as such, were held in a
restricted fund. The terms of the gifts place no requirement for the Charity lo hold ihe property for a specific purpose
on an on-going basis.
Following practical completion of the property. the Trustees consider that the ternis of the gifts
have been met, and therefore the Charity is perniitted lo use the asset on an unrestricted basis for any ¢haritsble purpose.
8. Taxation
Green Pastures. The People's Church, is recognised as a Charity for the purposes of applicable taxatTon legislation and is
therefore not subject lo taxation on its cbaritable activities.
20

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED ACCOULYrs
NOTES TO THE FINANCIAL STATEMENTS (eoftlinued)
9. Tangible fixed assets - the Group
Freehold
land #nd
buildings
Motor
Vehieleg
Equipment
Total
Cost
At 1st September 2022
Additions
22.904,392
37,271
887,158
7,597
(14,210)
880.545
12,635
23,804,185
44.868
(21,010)
23,828,043
Disposals
At 31" August 2023
(6,800)
5,835
22,941,663
Depreciation
At 151 September 2022
Depreciation
Eliminated on disposals
At 31. August 2023
771.648
37.547
(14.210)
794.98$
12.635
784,283
37,547
(21,010)
800,820
{6,800)
5,835
Net book value
At 31° August 2023
At 31" August 2022
22.941,663
21.904,392
85,560
115,510
23,027223
23.019,902
10.Tanglble fixed assets- Company
Freehold
land and
buildings
Motor
Vehicles
Equipment
Total
Cost
At ISI September 2022
Additions
22,904,392
37,271
22,941,663
810,286
6.472
816,758
5,835
23,720,513
43,743
23,764,256
At 311t August 2023
5,835
Depreciation
At I" September 2022
Depreciation
At 31" August 2023
705.105
34.845
739,950
5.835
710.940
34,845
745,785
5,835
Net book vglue
At 31" August 2023
At 3151 August 2022
22,941.663
22.904,392
76,808
105.181
23,018,47J
23,009,573
21

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES
CONSOLIDATED AccouNrs
NOTES TO THE FINA￿CIAL STATEIKENTS (eontinued)
11. IDvestments
2023
2022
2023
2022
Group
Group
Company
Company
Shares in subsidiary companies
The Cotnpany is the ultimate l 00 % parent of the following subsidiaries all of which arc incorporatd in Northern
Ireland and have period ends cotenninous with thai of ihe parent company.
Company
name
Compally
number
Business
Profitj
(loss)
Net funds Turnover Expenditure
The Gateway Social
Investrnent Limited
Nt618278 Social cconomy business
(28,996)
105,186
(104,277)
909
Confidence
Enterprises Limited
Kingdom Social
Investments Limited
N1633890
Inlerniediate holding company
(dissolved 0710312023)
Dorniant
(dissolved 1710112023)
Dorniant
(dissolved 0310112023)
N1073763
Gateway Busiaes5
Park Litniled
Nt643244
12. Stoeks
2023
2022
2023
2022
Group
Group
Company
Company
Goods for resale
500
13.Oth¢r debtors and pr¢paym¢nts
2023
2022
2023
2022
Company
Group
Group
Company
Gift aid debtor
Other debtors and prepayments
19,093
28,675
242.777
271.452
19,093
35,821
54,914
28,675
242,000
270,675
54.968
22

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COIIIPANIES
CONSOLIDATED ACCOUNTS
NOTES TO THE FINANCIAL STATEMENTS (continued)
14. Creditors: due within one ye)Ir
21)23
2022
2023
2022
Group
Group
Cornpally
Company
Bank loan
4J34
9.682
4,000
9.802
Trade creditors
Other creditors
Amounts due under lease commiftnents
Payroll t&xes
Building consiruction costs due
Accruals
64,043
200,000
3.919
31,000
56,272
23,000
200,000
2,847
31,000
56,273
30.001
343,121
4,217
42,431
45,993
2.967
42,431
45,993
Amounts due to subsidiary company
110,657
365.036
91 J92
15.Creditors: due after more than one yegr
2023
2022
Group
2023
2022
Group
Company
Company
Other creditors
Building construction costs due
Bank loan
200.IKIO
169,400
26,756
396.156
200,000
304,710
?8.293
533.003
200,000
169,400
200,000
304.710
369,400
504,710
Included in other creditors is an amount of £?00,000 secured by a fixed charge over part of the land at Pennybridge
Industrial Eslale, Ballymena. County Anlrim.
The bank loan is secured by the UK Government under the Bounce Back Loan Scheme.
16.Profit for the financiAI period
As permitted by Section 408 of The Companies A¢t 2006 the Parent Company'5 Statement of Financial Activities has not
been included in these financial statements.
The Charity had a retained surplu5 of £110,516 (2022= £58,859)-
23

GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDLiRY COMPAIYIES
CONSOLIDATED ACCOUNTS
NOTES TO THE FINANCI@tL STATEMENTS (continued)
17. Financial instruments
At the balance sheet date the Group held the following financial instruments:
2023
2022
Financial assets that are debt instruments measured at amortised cost
235,079
522,301
Financial liabilities measured at amortised w51
460,792
791.558
18. Related Party transactions
The Group has taken advantage of the exemption provisions in FRS 102 pennitting non-disclosure of transactions with
fellow ￿0￿p companie5. The Company is the Ultimate Pareni Company of the group.
Transactions with non-group related parties, related through virtue of common control were &$ follows..
2023
2022
Donations to associated charity. Compassion Ministries
Donations to associated charity, Conneci Ministrie5
Amount owed from associated charity, Compassion Ministries
2,100
40,075
35,105
2,061
16,451
44,231
Key management personnel:
The dire¢lors of the Company and its subsidiaries are considered to be ihe key managetnent personnel. Directors.
remuneration is disclosed in rLOte 6.
19. CAPltal and financial commitments
At 31 August 2023 the Group had no capital or fmancial commitments which have not been provided in the a¢counts
(3 l$t August 2022: £Nil).
20.Controlling party
During tbe perkod Green Pastures, The People's Church was under the control of the Tnjstees {who are also the directors).
24