Charity rcgislralion numbei-:NIC102050 Glenabbey Church Annual Report and FinaD¢ial Statements for thc Year Ended 30 June 2024 Glenabbey Church Contents Trustees, Rcport I to5 Siatement of Trustccs, Responsibilities Independent Auditoi"s' Report 7t0 10 Siatemenl of Financial Activities Balance Sheet 12 NoTes lo the Financial Statements 131025 Glenabbey Church Trustees, Report The Tiustees pi'e5ent their repoit and the financial statenienls of the church for the yeai- cnded 30 June 2024. The Trustces confiiTn that they ¢oinply wiih the r¢qiiii"emenis of thc Cliarities Act (Nortlicrn Ireland) 2008. The Cliaiitie5 (Ani)ual Remiii) Regulaiioi)8 (Noi'iliern Ti'eland) 2015. The Chariiies IAI)iiual Retuiii) Regulatioii. (Noi'tliern Ii'eland) 2015 and Aecoiinting find Reportii)g by Charities.. Slateiiienl of Reconiinended Pi'aciice whicli applies to charities pi'epariiig tlicir Accounts in ac¢oÈ'daiice with the Finaiicial Repoi'ttiig Stalldald applicablc in Il)e UK aiid Republic of Irelaiid (FRS 102) Icffcctive l Jai)U￿ry 2015). The Tyustees Tlie Trllstees who served Ilie cl)urcli during Ilie year were as follows.. David Currie laiti Johiiston Maik Joiies Gai'ih McCai1ney Marlin Spence Jan Thonipson David cU￿]e (I"esigned 30 June 2024) Strueture, Goi'ernanee & Maiiagemenl Glenabbey Chiii'ch is govellied by a Tiiisl Deed adopted on 13 Febiwary 1992. Tlic Tn]stees are respon5iblc for tl)e ovcrall goveriiaiice of Ilie cl)ui'cli. Tlie nu111b￿. of Tiiistce5 shall iiot bc Icss tliau I1￿ee, nor n]ore tl)an seven. Trustee Selection, Appointment & Competence When a Tiustee vacaT)cy exists, the cun'cni Tiustees will appoint a ieplacement oi. additional Trustce. No pei'son sl)all be appointed as a Trustee who does not hold the basic doctrines of faith as specified ITJ Ilie Trust Dccd. External Audit At Ilie Tiuslees, Mecting on 21 May 2024, MBS Chai't¢i'ed Accountants wci'e appoint¢d as external auditors for tlie peiiud l Jllly 2023 to 30 June 2024. Statement of Compliaiice Ivitli Public Benefit Guidance In s¢tting oui. acliiiitics and i)lanning our activitics foi. the ycai. thc trustecs havc given care￿] considei'atioii to the Cliaiity Cominission for Noi"Ihern Ii'cland's guidaiicc on public bcncfit lo ensiirc Iliat Ilie activities have helped to a¢hieiTe rhe cl)aiity's puiposes and proiiide a beiiefst co rhe beiieficiaiies. Plli-p05es The pui.pose of Iliis TIu51 sliall be as lollows.. To pro¢lairn and furilier tlie Gospel of God conceimiiig liis Son Jesus Clirist, our Lord aiid Il)e pi'eacl)ing and teacliing of Ilic Cl)iistian Faith throughout thc Uv)ited Kingdom of Gi'eic t Britain aiid Nortlicrn li'eland and clsewlici'e. To oigaiiise, spoi)soi' ai)d proniole Ilie advanceinei)t of tlie Chi-istiki) I'eligioji Iliroiiglioiil tlie Ui)ited Kiiigdom of Great Bi'ilaiii and Noi'iliern li'elaiid and elseM,liei"e tl)e object of wliicli sliall be.. i) To 5e¢l< to pi'eseiit the Gosp¢l lo every creatiire by evely iiitaiis i)ossible and lead 11)en woinen aJ)d cliildieu to a saviiig Faitli iii oiir Loi'd Jesus Clirisl and teacli and ei)coui'agc thein in tlie Service of God. ii) To producc i)iibli.s1i and distribute tl)e Scripttii'es. Cl)rislian Lilerattji'e, audio-visual aids, filiiis and aiiy oiliei. Iiilc lerial of a I'eligiou5 natui'e, provided tliat tlie Trustees sliall not cngage in any peiimanent trading activity- iii) To aid Ilie Cl)iistian Chui'cli in all its Inllllstiies by specialist S¢lVlGes whereby the Wol'd of God is pi'cscnted so Iliat thosc to whoin it is pi'esented Inay be led to pei'soiial faith iii the Loi'd Jcsus Chi'ist aiid illay be encoiii'aged ai)d iii%knucted lil the developinent of Christiaii cl)ai'actei' aiid iiiay lake Ilieii. place as Inenibei's ai)d woi'kei's iii the life of their local Cliiii'ch. iv) To pi-oinole thouglitful Bible i'eadii)g aniong people of all ages. Pagc I Glenabbey Church Trustees, Report (continued) To hold publi¢ meclings for the pi'caching of IFse Gospel of the Grace of God and for the fellowship and cdification of Cl)ristians. To assist in the relief of human suffering and poverty consequent upon the effect of personal, local national or internatiot)al disaster. Tlieie is no harm as50cialrd with the purposes. Summary ot. Aetivities Sunday servi¢es Sunday childrcn's programTnes Weekly pi'ograTnmes for bible teaching, S￿dY and praycr . Tuesday night youth programmes Friday night youth and children'5 programmes . Coll)mw)ity programmes Missions support groups Suttmer cainps foi. childreT) And youth SuTnmer trips nationally and internationally Poverty rclicf and humanitaiian trips Monthly club for adults with learning difficultics Provision of ci'cche facilities Pai-ent and toddler group Rcllew (Mums, fitncss class) . Monday Club (friendship grollp for over 50's) Holiday Bible Club Beneficiaries The charity's beneficiarics arc: The regular all¢ndees of all ages al weekly evcnts rutt in its OMI premise5 in Newiowuabbey &lld at other locations in Couiity Atliiim. People fi'om many countrics who access the Biblc teaching via the Inteimel. Hundrcds of childicn, young people and adults that 81"c assisted financially, pastoi'ally, physically and spiritually through the Chaiity's pailnerships. The poor and disadvai)taged, especially ii) Ethiopia, Keiiya, Chad alld Ecuador, who al'e reAched in person by teams sent out each year as well as eiijoying financial support. Local young people aT]d adults with learning difficulties. Private benefit The only private benefit arising in the period was thc remuneration of Ihosc cmployed to managc thc charity. This beiicfit is incideiital to aiid does not outweigh che public benef)t. Publi¢ bcnefit During the period, tlie Charity has continued to provide bcnefils from ils activities as follows: Pagc 2 Glenabbey Chui'ch Trustees, Report (continued) Tlie provisioll of a Christian and niora5 framework encoui'aging people to engage positively with the culture around tlieni and to care foi. thcir fellow human b¢ings. Deepening undei'standing of liow tlic Bible spcaks to conteinporaiy cul￿re aiid guidaiice as to liow Cliiistiaiis cali malce a positive conhibutioii to tlie peace aiid prosperity of the wider comi)iiiiiity. The piovision of regulai. Chi'istian ¢diication. helping pcople to iii)dei'staiid, live out, defei)d and pron)ote tl)e Cl)ristian gospel. The development of iiidividiial ability and gift. Tlie eJ)gagcineiit ￿]d encourageillenl of liiindreds of willing volullteers lli practical and spiritual service to their fellow liuman beiiigs. The spread of the Gospel of peace, bringing i'econcilialioD botli between liumat] beings and God and bchveen liuiiian beings. Tlie proimolioii of tlie iTnportanct of facilitation of lioncst discussion and exaininali011 of Ilic Chiistian faith i comparison wilh oihei. value systems. The pi-ovisioii of Bible teachiiig resoui'ces li) aiidio, audio-visual aiid written fortn that al'e used locally 2nd iiiteiiialioi)ally. The oi'ganisatioii of confei'eiices and special events to beiiefit otbei. cliurclies aiid individuals. The t11nning of specialist Iralliing pi'ogramjnes for leaders and paiticipaiits. Tlie encoui'ageTnenl of deeper knowledge and undei'standing of tl)e Clirislian faitli and its I'elevance to contcimporaiy 50cicty. Tlie ¢n¢oui'agenient of pcople gatliei'ing togetlier for coiiin)on purpose, developing fi"iendships aT)d pi'oviding help and suppoil to one anothci.. The ci'tation of a safc placc foi. ptoplc fi'om all walks of sociery to hear about, exploi-e 8iid discuss the Chiistian faith. Significant PT8Ctical i-elief delivered by expeits (o those wlio urgently need it. The support of individiials within oui. owll coiiunuiiity who have suffered pliysical and / oi" fii)arncial i'cveiEal. Tlie eiicoura(yemeLI1 of all OUtW￿"d eilios of generous and practical compassloii. Tlie5e benefits are denionstrated lI￿OUgh.. Those attending and bcnefiling directly eacli week, tlie leaders and Iielpers iiiobiliscd eacl) week Ihrougl) vai'ious progi'amines and tlie positivc eontributions of nieinbers within tlie widei. community and Ilie effective pastoral care supporting both families and individuals the I'csour¢e5 already pi'oduccd and in wide llse, i.e￿11ar tt'aining and pei'sonal dcvclopment piogrammes. active use of the ii)teiiiet. app and social Inedia and high levels of finallcidl aiid pei'soiial investiiieiit in the piogi"an)nies - lai-ge iiiinibei- of alteiidces at Siiiiday services, tl)e iiuinbei. i'cinaining aftei. seivices to talk aiid intei'act liid the quality ¥LDd quaiility of tliese discussiolls alld tlie nui]]bei- of sceptlCS attciidiiig. Ttse geiierous ainouiils of financial provision foi. the needs of vulnerable people IJ) Cliad, Bu11rJa, Etilladol and Etliiopia and Kellya, and suppoil for IoLal people iii fillan¢idl distress or Pdl"licular Jjeed. Tlie pi"ovision of laii¥u2Ee classes, opporfunity for social interaction and caFC lo i)eople froin a l'ange of Countries seeking asylum in our countiy. Thei"e are no I"esthiction5 01] those wl)o cai) bencfil fiom the aclivilie5 of Gleiiabbey. FinAnciMI Revieiv and Results for the Year Tlie Cliai'ity's iiicoinllig iecoiii'se for the year aniounted lo £684.797 (2023.. £685,615)- Pi'illcipal sources of rundujg are fi'oiii doiialioiis. The oulgoing expelldilui"e lor Ilje ycar amouiited lo £696,56312023.. £632,404). Tlie net oiitgoings foi. tlie yeai. aiiioullted to £11,766 (2023.. illcoixing £53.211). Acliievemenls and performance for the yeai. Systen)atic leaching of the BibSc ivas l)eld on a weekly basis throiighoiil the ycai" botli thi'oiigli seiviccs iii Glenabbey Cliurch ai)d onliiie. Oui. oiiliiie pi'ovisioii coiitiiiues to bei)cfil those menibeis who caniiot atteiid in pei'soii aiid otliei's fi.oin all ai'ound the world, A sli'ong progi'amnie of activities was iiiade availablc 10 childi'eii alld youiig people lo sli'eiigtlieii theii. faith. We conlii)ue to be designaied uiider the Safe Churcl? Jnitiative. Diiring the year we pi'ovided financial support lo Cliri5tian woi'liers iii Ecuador, Zainbia, Scotland, Bulgaiia and Ii'eland. Fisi#iici21 siippoit has 8150 coniiniied of ovei'seas chArities ivorlcii)g to I'elieve poveity and siiffeiing iii Ethiopia and ILeiiya. Pagc 3 Glenabbey Church Trustees, Report (contxnued) Our own Barnabas Fund, which was set up lo help those in particulir financial nccd, has becn activ¢ during this year and has responded swiftly where financial need has been idcntificd. We are 2 membei. church of Welcome Churches, a network which welcomes and supports ihose who have Iravclled from across the world to oui. locality, many of whom have fled war, persceution and faminc. A .8UPPOrt group for pareuls and carets of cbildrcn ivith neuro-diverse conditions continues lo meet. Partnership with and support of Ilic following has eontinucd.. Greater Ballyclare Youth for Christ Monkstown Village Initiatives Christian5 in Sport PaTeThls and Kids Together, CaiTickfergus Street Pastors Active Lislcning Model Railway Club Hopc 365 Christians Against Poverty . Newtownabbey Foodbank Causeway . Home foi. Good Prison Felloivship Ti'ansfoming Lives for Good . Welcom¢ Churches . SPARK .TlO Safc Chw'ches Plans for the future It is thc Intention of the Irnstees to Continuc the cutTent activities of the Ghatity and cxpand and dcvclop these as they see fil to achievc the purposcs of the chaiity and lo cnsure the continued deliveiy of public benefil as dcsciibed els6where in this report. Risk Management Risk is an everyday part of the Charity's normal activity. The Trustees haiie considei-ed and idciilified the major risks lo which the chai'ity is exposed and having taken appropriate professional advice have been assured that adequate system5 and procedui'es al'e in place to mitigate oi. manag¢ those risk5. Reserves Poliey Tlie Trnstees l)ave established & policy whereby thc unresli'ictcd fvnds not committed OT invested in tangible fixcd a55¢1s ('thc frc¢ I"escrvcs') held by the charity should amount to bctwccn 2 and 6 months woitli of thc I"csourcts cxpended which equatcs to bctWeCT) £107,539 gnd £322,617 in genci'al funds. At this level, the Trustees feel that they would be able lo contiiiuc the cuii'eiit acllvlties of the chaiity in the evei)t of a significat)I di.op in fi￿d]i]g? howevei. it woiild obviously be ne¢essaiy lo consider how the fiinding woiild br i'eplaeed or activities chaiiged. At present tbe fl'ee reserves (wliich exclude designated funds), ainounl to £364,053 and in linc widi tlie Tiustees, targei fzLnge. The TiYstees continue lo work towards inainlaiDing their frec i"eserves target. Pensions P&ge 4 Glenabbey Church Trustees, Report (continued) The charity opcl'ates a defined conh'ibution pension schcine (which meets the i'¢quii'einenls of The Pension Rcgulatoi" as a qiialifying woi'kplacc pension scheine) for thc benefit of ils peiinanent Staff and tliose who are eligible uiidei. Auto Fiiiolimeiil. The assel.% are admiiiistercd by in%ui'ance coiiipailies in pei'.qoiial pei)sioii pla115 and al'e held independeiltly fron) tliose of the ¢h21'ity. Conti'ibiilioi)s al'e ch81.ged lo the Stalemei)t of Fiiiaiicial Activities ill Il)e pei'iod lo wliich tl)ey i'elate. Results Tlie I'esiilts foi" tl)e year and tlie c1131'ity's finaFJei21 position at the end of the year are shown in 11)e allaclied financial slatenienls. Reference and Administrative Details Charity Registration Number NICI 02050 Principal Office.. Ballyci'aigy Road Newtownabbey Co Ilnti'llll BT36 5ZZ Auditor.. MBS Chartered Accoun1￿31$ ch￿1<1"¢d Accountants & Registered Audiloi. 3 Higli Slreel Laiiie Co Antrim BT40 1 TN Disclosure of information to auditor Eacli trustee l)as taken steps tlial Iliey ought to liave taken as a Irustee in order to 11]akc Il)ein5elves aware of any relevant audit iiiformation and to establish that the eharity'g auditoi. is aware of Illat infoiination. The li￿sleeS COT)finn that their is no relevanl infoniiation tlial they know of and of which they know the aiiditoi- is unawai'e. The anniial repoi% was appi-oved by Ilie hiistees of the chariry on 19 Dc¢ember 2024 and signed oli its belialf by= aiii Joknislon Trustee Gai"Ih Mccarlney Trustee Page 5 Glenabbey Church Statement of Trustees, Responsibilities Th¢ trustees ai"e responsible for pr¢paring the tsustecs, I'eport and the financial statemcnts in accordancc with the United KingdoTn Ac¢ounting Standai'ds (Unitcd Ki7Jgdom GeDei'ally A¢ccpt¢d Accounting Practice) and applicable law and regulatioiis. The law applicable to chaiities I'eqllire5 the trustecs to pi'epai'c financial statements foi- each financial year which give a true and fair view of the state of affairs of thc charity and of the in¢oming resources and application of resources of the charity for that period. In preparing thcse fmancial stalemenls, the Irust¢es arc requii.cd lo.. select suitable accounting policies and then apply them consistently. observe the methods and priiiciplcs in the Charities SORP; make judgements and estimates Ibat are reasonable 2nd pnjdcnt., slatc whethcr applicable accountillg standards have bcen followed, Subject to any material depaitsres disclosed and cxplained in the financial slalemenls. and prepare the fll)2ncial statements on the going concern basis Ullle55 it is inappropriaie to presume that tlie chai'ity will ¢onlinue iu business. The trustecs are responsible for keeping proper accounting records that disclose with reasonable ac¢￿'aCY at any time the financial position of the charity and enable thcm lo cnsurc that the financial stalcmenls coTnply with thc Charitics Act 2011, the Charities (Accounts and Repoit5) Regulations 2008, and the provisions of the constitution. The trustees al'e also i"esponsiblc for safeguarding the assets of the chatity and hence for taking reasonable steps for the prevention and detection of fi'aud and other iiTegularilies. The trustecs arc responsible for thc maintenance and inlcgrity of the corporate and financial infonnatioll includcd on the ¢hai'il&ble company's website. Legislation goveming the preparation aiid disseininalion of financial statement5 may diffei. fi'om legislation ill other jurisdi¢liollS. Approv by tbe trustees of the cl)arity on 19 December 2024 2nd signed on ils beh#lf by-. in JO]￿s1On Trustee rth Mccaitncy Trustec Pagc 6 Glenabbey Church Independent Avditor's Report to the Members of Glenabbey Church Opinion We havc audited tl)c fu]ancial slalements of Glcnabbey Cliurch (the 'charity') for the year ended 30 Jun¢ 2024, wliicli comprise the Statcmei)t of Financial Aclivilies, Balaiice Slieet, aiid Notes lo tlie Financial Siateiiienl5, incliiding a siiininaiy of significant accounting policies. Tl)e financial I"eporling fi'aiiiewoi-k tl)at has been applied in tlieii. pi"epai2tion is Ulliled Kingdoni Accounting Standai-ds, compi-iSiTJg Chaiilies SORP FRS 102 'The Financial Rcpoiting Stai)dai'd applicable in tlie UK and Repiiblic of Trelaiid, and applicable law Iuiiited Kingdoin Geiierally Accepted Aceouiiiiiig Pi"aclice). 111 our opii)ion the fii)an¢i81 statenieiits.. give a ttue and fair view of tlie stale of tlie charity's affairs as al 30 June 2024 aiid of its incoining I'esou*ces and applicatioii of I'esoiii'ces foi. tlie year Ilien erLdcd,. havc been properly prepai'ed in accordaiice with UEiiEed Kingdoin Genei'ally Acccplcd Accoullting Pi'actice- aJ)d liave been pi'epai'ed in accoi'da]Jce witl) the i'equiremeiits of the Cliaiilie5 Act (Noi'tliern Ireland) 2008. Basis for opinion We coiiducted our aiidii in 2ccordan¢e with Inleinational St8ndards on Auditing {UKI OSAS IUK)) and applicable law. Oui. I'espoiisibililies Diider Ihose standards ale ftiirthei" described iii tlie audi(0i' responsibilities for tl)e audit of tlie fiiiai)cial statemeiits sectioi) of our i'epoi't. We al'e illdependenl of the cbaiity im accoLdau¢e with t])e ethical requii-elliejjts tli&t ￿-e relevant to ouL' audit of the fillaiicial statements iii the UK, llicluding tlie FRC'S Ethical stalld￿d, aud ive have fulfilled oui- other etliical rcsponsibilitics in accordance witli these rcquitemenls. We believe that thc audit evidence we have obtained is sufficient and appropriate to pi'ovide a basis for our opinion. Con¢lusion5 relating to golng concern In auditing Ilic financial statcincnls, we Iiave concluded Ihar ilie tiustecs use of tl)c going Concern basis of aCCOilT]ting in the PTeparation of the financial statements is appi'opi'iate. Based on the work we haiie peifoiThed, we have iiot identified any material un¢ei1ainties I'elaling to events or conditions that, ii)dividually or collectively, may cast Si￿11f1c2I)t doubt 011 tl)e charity's ability to coijliiiiie as a goiiig ¢oi)cein for a pei'iod of al least Nvelve moiitl)s fron) whei) thc oi'igillal finaiicial statcnients wci'e aiiihoi'ised foi. issue. Oiu. i'espoiisibilities and tlie responsibilities of ibe tIUStees witli respect to goiiig conceii] ait desci-ibed iii Iliè ielevallt sectioi)s of tliis i'eporl. Other inlormation Tl)e tnislces ai'c respoiisiblc for tl)e oilici. iiifoi'i))atioii. Tlie othei. iiifoniiation coiiipi-ises Il)e iiifoi-iiialioii iiicliided iii the aiinual I'epoit, otliei. Ilian Ilie fii)aiicial stateinenis 2nd oui- auditoi-'s I'epoit Ihereon. Our opii)ioi) on tlie fiiianci81 stateineiils does iiol cover Ilie otliei. infoijiiation aiid, except to Ilie exteiit otlieiwise explicitly stated in our I'epoi'l, we do not express a]iy for]ll of assujance conclusioii Iheieon. In coiuicclion widi our audit of Ilie flliancial statcineDls, our responsibility is lo l.ead the oilier itLfoiinalion aiid, iii doing so, CoiJsidei' wlieiliei. tlie oil)ci- infonnation is In3tei'ially incoiisislenl will) tlie finaiicial siatei)ienls oi. our kiiowledge obtained iii the audit oi. oihenvise Ic ppeai"s lo be Inatei-ially i))isslal¢d. If we ideiilify 5u¢li nialei'ial inconsistencies oi. #ppai-ent Inatcrial Ini8sl¢ilcTnents, we asc I'eqiiii'ed lo deteiniine wliether thei'e is a Tnaleiial Inisstatement in Ihc fiiian¢ial stalenienls 01. a malei.ial iiiisstateinent of tlic oihei. infoiThalion. Tf. based oli the woi'k we havc pei'fonned. we coiiclude tliai thei'e is a n)atei'ial niisslateimeiit of tl)is orhei. infoniiitioii, we al'e I'eqiiii'ed lo I'epoi'l tliat fact. Wc Iiave i)otliii)g to I'eport ill this regard. Pagc 7 Glenabbey Church Independent Auditor's Report to the Members of Glenabbey Church (continued) Mattel's on Ivhich Ive are reqllired to report by exception In thc light of our knowledge and underslanding of the charity and its environment obiaincd in the cowse of thc audit, Ive have not ideniified material missialemcnls in the Tn]slces' Report. We liavc nothing to report in i-espect of thc following matters where the Chai'ilies Act (Norihem Ireland) 2008 requiies us lo report lo you if, in ollr opinion.. adequate accounting records have not bccn kcpt, or TCtUrn5 adequate for our audit have not bccn rcceivcd fi'om bl'anches not visited by us; or the financial statements are not in agreement with the accounting i"ecords and rcmms. or certain disclosure5 of trustees rcTnunei"ation specified by law are not made. or wc havc not i'cccived all the infonnalion and cxplanations we rcquire for oui. audit. Responsibilitie5 of truslees As explained more fvlly in the Statement of Trllstees, Responsibilities (set out on pagc 6), the truslecs lre I"esponsible for the prcpai'ation of thc fiiiai)cial statements and foT being satisficd that they give a tiue aiid fair vicw, and for such internal ¢ontrol as the trustees delenriine is necessary to enable the preparation of financial statemejjts thai are frce from malcrial misstateincnt, whciher due to fraud or crror. In piepai'ing the financial slalemenls, the trustces al'e responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going conceim and using the going Concem basis of accountiDg unle55 the trustees either iDtend to liquidate the ¢harity or to cease opeialions, or have no realistic alternative bul lo do 80. Auditor Responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assuranec about whed)er che financial statements as i whole are free frotn mat¢riAI misslitement, whethei. due to fi.aud or error, aThd to issue ali auditoi s i'cport tbat includes our opinion. Reasonablc assurance is a high level of assurance, but is not a guaralltec tliat an t¢udit conduclcd in accordance witli ISAS (UK) Ivill always detccl a matcrial Tnisstalemcnt when it cxists. Misstatcmenls can arise froin fraud or en'or and aT¢ considered material if, individually or in the aggregat¢. thcy tould reasonably be expectcd to influence the ecoT)omic decisions of users taken on the basis of thcse financial statements. Thc cxtent to which our pi'ocedurcs Arc capablc of dctccling in'cgularitics, including fr&ud is detailcd bclow.. Pag¢ 8 Glenabbey Church Independent Auditor's Report to the Members of Glenabbey Church (continued) We considcred the oppoirnnities and incentives that iiiay exist within the Charity foi- fi'aud and identified the gi'ealcst potential foi. fi'aud in relation to rcvenut I'ecogniiion and payinent of amounts fi'om tlic Charity. J common with all audits uiider ISAS (UK), we are also requii'ed to perfoiTh specific pi'ocedures to I'espomd to the I'isk of mai)agenienl ovetTide. We also obtained an iinderstaiidiiig of the legal and i'egulaloiy framewoi'ks that tlie Cliaiiry opei'ate5 in, fociising oil provisions of those law5 and regulalioiis that liad a direct effecl oil tbe delcm)iiiatioii of material a￿O￿n[S and disclosui'es in tlie fiiiancial slaleineiits. The l