GREEIY PASTURES, THE PEOPLE'S CHURCH AIYD SUBSIDIARY COTrIPANIES CONSOLIDATED ACCOUNTS REPORT OF THE DIREcfoRS (INCORPORATING TRUSTEES, REPORT) The Directors {who are also the tnLStees) are pleased to present their annual report together with the financial statements of the Gharity for the year ended 31° August ?023, which are prepared to meet ihe requirements for a directors, report and accounrs for Companies A¢t purposes. The directors have adopted the provisions of the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Prnthice applicable to ekritIeS preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP- FRS102}, in preparing the annuai report and financial statements of the charity. AcbievemeDt5 and performance The Church's d¢sir¢ is to be a refl¢¢tion of God's heart through a vibrant, 21 st century ¢huT¢h. We are Committed to building & spirit-filled people who are inspired by Christ enjoying us, enjoying Him. A people who are driven by compassion to reach lost and hLlng people, and kn be a transfornltng presence in the cornmunities we serve. Im the year 2023 we identified areas for improvement and as a result were able to produce addilional efficiencies. Volunteer work has irEcreased with many hours b¢ing giveD in service. for the benefit of the GhurGh and the Community towards the ¢haritsbl¢ aims. We celebrated with 31 people who came to a rtew faith in Jesus Christ (last year 13), In this time period 46 were baptised (last year 22). 14 New m¢mbers made a decision to become planted members. The church also provided Pastoral Care not only lo its adult tnembers but also to the wider community. The "Gateway" Project exists for the benefii of the local are& particularly Ballymena, and seeks to be a blessing to our city by providing social value and helping to stimulate spirilual. swial and economic regenerdtion. Financial review and funds policy The income of Green Pastures. The People's Chuwh is tesramen¢ to the lovely giving heart ofits people and to God's promise that if we act in faith with ¢areful planning, He will release Hts provision. Freewill offerings and &ssociated gift aid continue to be the principal funding sources of (be Group, along with trading income of the Group subsidiaries. This income is used to support the variou5 niinistries of ihe Group and io meet the day-to-day operational cosis. The breakdown of ihis is provided in the Sialement of Financial Activities on page I l. During the year the Group had total incorne of £672,678 and total expenditure of £561,253 resulting in a net surplus of £111,425. The net surplus for the period as shown in the statement of financial activities on page I I has been transferred to tbe company's funds and has resulted in an increase in total Church fijnds 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. At the end of the year the Group had £180.71 I cash at bank. and it is the aim of the Trustees, if possible, to maintain an unlestricted c&8h reserve equivalent to that of two months expenditure The company plans to continue its adivities in the forthcoming years. Trading activities 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 Cotnpassion Ministries. The c<)ntinuing trading operations of the Group were pn)fitable during the period and expected do so for the incoming year.
GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES CONSOLIDATED ACCOUNTS REPORT OF THE DIRECTORS {conÈinued) Objectives and Activities (and how they deliver public benefit) Purpose I Pury)ose: To advance the Christian ieligion for the benefit of the public in the area of benefit in accordance with the statements of belief. Beneficiaries.. Open to all of the public in Northern Ireland. How th¢y bcn¢fit'. 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 bein8 involved in a public act of worship. Purpose 2 Purpose: To promote the benefit of the inhabiianls of Galgonn particularly. and Northern Ireland generally (hereinafter called 'the area of benefit") without distinclion of sex, sexual orientation, race or of political, religioLlS or other opinion by eslablishing a place of worship for the Christian religion. Beneficiaries.. Open 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 fa¢ililies for public use. How the benefits can be demonslraled: Improved behaviour as a resuli of being involved in a publi¢ act of worsbip. Purpose 3 Purpose.. The advancement of Ihe Christian religion mainly, but not exclusively, by me8ms of broadcasting Chrislian messages of an evangelistic and leaching nature. Beneficiaries: Open to all of the public in Northern Ireland. How they benefit.. Acce5S to educational opportunities, to public worship and to religious publications including sacred texts and literature. How the benefLts can be demonstrated.. Improved behaviour &$ a result of incre&%ed awarentss of a moral framework.
GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES COIYSOLIDATED AccouNrs REPORT OF THE DIREcfoRS (conlinued) Objectives and Activities (2nd how they deliver public benefit) (conftnued) Purpose 4 Ptwpose.. Providing services of worship- Teligious teaching. facilities or services to allow believers to practice their failh or follow ils doctrines- producing or making available literature explaining the doctrines involved and how to fthd out more about them. Distribution of sacred texts in the area of benefit. Beneficiaries.. Open to all of the public in Northern ljrland. How tbey benefit.. Access to public worship, to educational opportunities and to religious publications including sacred tekts and literature. How the benefits can bc demonstrated: ImpToved behaviour as a result of increased awareness of a moral framework and involvement in public worship. Purpose 5 Purpose.. Associaling togeiher ihe said inhabitants and the local authorilies voluntary and other org&nisations in the area of benefit in a common effort to relieve povety and advance education and to provide facilities in the interests of welfare for the recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants. Beneficiaries: Section of ihe public in tbe locality where the activity is provided. How they benefit.. FinanciaI aid, money management training, provision of leisure and recreationai facilities and programmes. How the benefits can be dcmonstrated., Improvement in social. emotional and physical wellbeing of participants.
GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDL4RY COMPANIES CONSOLIDATED ACCOUNTS REPORT OF THE DIRECTORS (continued) Objettiv&8 Activiti&s (and how they deliver public benefit) (cofttinued) Main Activities The main activities of Ihe Charity include the provision of service5 of Worship. the advancement of the Christian religion,. providing opportunities ft)r volunteers. providing volullteeTS for the community benefit. supporting and WOTking alongside other like-minded charitable and volunteer orgallisations. The Church, in the furtherance of its aims and objeGtive5. Coperate5 c105ely wilh two other charities. Connect Ministries Lirnited and Cornpassion Ministries. This co-operdtion involves shared strategic direction. financial support and volunteer resource support. The outcomes of this support are monitored to ensure that the Church's charitable objectives &r¢ being rthered by these partnerships. Green Pastures, The People's Church is the lo/0 parent company of The Gateway Social Investments Limi1ed. The Irading aciivities of the Group's subsidiaries provide finance to further the aims and objective5 of the Church and its associated charities, Connect Ministries and Compassion Ministries. Profits are primarily applied for the charitsble Purposes of associated charitsble companies. At the dat¢ of thi5 r¢port, current trading activities are limited io Pure Gym which is the trading am of The Gateway Social Investment Limited. Volunteers The Trustees wish to acknowledge their deep appreclation of those who give freely of their tirne by serving on committees and helping with organisations and other chuTeh aetivities. Reference and 8dtuiThistrative details Registered charity name.. Charity Commisston registration number: HMRC charity reference: Company registration number. Principle office and registered office: Green Pastures. The People's Church NIC101855 XR94150 N1062702 I, Faiih Avenue The Gateway Ballymena County Antrim BT4? 3FF. Bankers.. Bank of Ireland Broadway Avenue, Ballymena. BT43 7AA. Solicitors: King and Gowdy 298. Upper Nevrtownards Road, Belf&%t. BT4 3EJ. Auditor: Peter Stevenson Stevenson and Wilson 22-30, Broadway Avenue, Ballymena. B T4J 7AA.
GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES CONSOLIDATED ACCOUNTS REPORT OF THE DIREcfoRS (continued) Directors Hnd Trustees of the Company Th¢ 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 Mr Mark Rankin Ms Mary Regan Mrs Suzanne Blair {resigned 30th November 2023) Structurei governance and management The Company is a charity limited by guarantee without share capital. The Board of Directors are also known as Trustee5 for the purposes of the Charity Con)mission. The Company is governed by its Memoraudum and Arti¢les of A550ciation datd 17th January 2007. In the ev¢nt of the Company being wound up members are required lo contribute an amount not exceeding £1. The Trustees aTe responsible for setting the overall strategic direciion of the Charity and ihe remuneration rates of all employees. while the day lo day running of the operations of Church is d¢l¢gated by th¢ Tntee5 to th¢ Executive team. The Trust¢¢s hav¢ 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 tenns of both Charity Law and Company Law. Direclorsrrrusiees are appointed in linc with the Memorandum & Articles of Associalion of the cotnpany. which requires a rnajority of the members or board to approve the appointment. Potential new trustees are identified by either volunteering or by approach. Prior to appoinlmenl, care is always exercised to ere that their values and goals are fully aligned with the Charity's obje¢tives. Risk managernent The principle financial risks to Ihe charity lie within the development of the new church facility and the trading operations of ils subsidiaries. The tNslees have idcnlified these risks, ld are satisfied that they are mitigated by adhering to reasonable and standd financial practices. for e.xample, engaging in a fixed price contract for building works- employing a quantity surveyor to ensure value for money,. having collaterdl warranties in place for all contractors: ensuring subsidiary companies are trading within their mean5. Statement of directors, responsibilities The dir¥Llors (who are thL trustces of Green Paslures, The People's Church) are responsible for preparing the directors, report and the financial 5taternents in accordanc¢ with applicable law and regulations. Company law require5 the directors to prepare financial ststements for each financial period. Under that law the directors have prepared the fLnanci&l statements in accordance with United Kingdom Generally Accepted Accounting Praclice (United Kingdorn Accounting Standards and applicable law). Under Comp&ny law the directors musl not approve the financial statemeiits unless they are satisfied that they giN'e a true and fair view of the state of affairs of the Group and Charitable company and of the illcoming resources and application of resources, including income and expenditure for that period. In preparing these finanGia] slatement5, the directors are required to.. select suitable accounting policies and apply them Consistently. observe the methods and principles in the Charities SORP-FRSIO2' make judgements and accounting estimates that are reasonable and prudent. state wh¢th¢r applicable accounting standards have been followed, subject to any ]naterial departures disclosed and explained in the financi&l statement. and prepare the financial Statements on the going concern basis unless it is inappropriate to preswne that the company will continue in business.
GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES CONSOLIDATED ACCOUNTS REPORT OF THE DIRECTORS (continued) The directors are responsible for keeping adequate accounting records that are sufficlenl to show and explain the charitable company's transactions and disclose with reasonable accuracy at anv time the financial position of the Group and Company and enable them to ensure that the financial statements comply with the Cornpanics Act 2006. They are also responsible for safeguarding the assets of the Group and Company and hence for taktng reaso[ble steps for the prevention and detection of fraud and other irregularities. In the case of each director in office at the date the DireorS. Report is approved". so far as the director is aware, there is no relevant audit infomiation of which the charity's auditors are unaware; and they have thken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit infomation and to establish ihai the charitable company's auditors are aware of that infom)ation. Funds held as custodian tTUStee on behalf of others The charity duLS not hold any funds on behalf of others. Auditors A resolution to appoint audilots will bc proposed al the Annual General Meeting. Approved by the Board on 23rd April 2024 and signed on its behalf by: Mark Rankin