threefoldcord (A company limited by guarantee) ort of the Trustees includin for the Year Ended 30 June 2023 Directors, Re ort The trustees. who are also directors of the charitable company for the purposes of the Cornpanies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provigiong of the Chsrities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of RernMended Practice applicable to charities PTcparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R¢public of Ireland (FRS 102)" (effective l January 2019) in preparing the anllual report and financial statements of the charitable company, which are also prepared to meet the requirements for a directors, report and accounts for company and charity law pUOses. REFERENCE AND ADMINISTRATIVE DETAILS Companies House Company Registration number N1065442 (Northern Ireland) HMRC Charity Registration number XR99909 Charity Commission for Northern Ireland Registration number NIC102228 Prinetpgl and Registered office 59 Haypark Avenue Belfast BT7 3FE Trustees The members of the Board during the year and up to the date of approval have been.. E H Harry Ferguson Jonathan R Clark Nibyel Glasgow Raymond T H&rison Mary E Mccauley Donna Woolsey Treasurer Company Secretary E H Harry Ferguson Chief Executive Officer Brendan Mccauley Accountant CG Taggart Accountancy Services Chartered Accountants & Regist¢r¢d Auditor 17 Cypress Crescellt, Donaghade¢, Co Down, BT21 OQG Solicitor Maccorkell Legal & Commercial, Garvey Sthdi04 8 - 10 Longston¢ Street, Lisburn, Co Allti7 BT28 ITP Banker Bank of Irelana University Roal Belfas¢ BT7 INH Page I
threefoldcord (A company limited by guarantee) ort of the Tnte¢S includin for the Year Ended 30 June 2023 Directors, Re ort STRUCTURE, GOVERNANCE AI¥D MANAGEIIIENT Governing document The eh2ritable Company is controlled by its governing document. its Memorandum and Articles of Association, and constithtes a limited company, limited by guarantee, as d¢fin¢d by the Companies Act 2006. Governance of the Organisation During the period under review the trustees met annually. Trnsteesldirectors are appointed by application made in WTiting by the prospective trusteeldirector and approved by the Board. The business of the charitable company is mwiaged by the Board, the members of which retire by rotation. Trustees dclcgatc day to day responsibilities for running charitable coinpany to its Chief Executive Officer, Brendan Mccauley, who is nol in receipt of a salary. Risk management The trustees have assessed the major risk8 to which the charitable company is exposed, in particular thos¢ related to the operations and finances of the charitable company. The trustees are satisfied that systems ate in place to mitigate any exposure to major risks. PUBLIC BENEFIT STATEMENT The trustees have complied with the duty to have due regard to the Charity Commission for Northern Irelalld's statutory guidance on the public benefit requirement issued under the Charities Act (NI) 2008. OBJECTIVES AND ACTIVITIES Objectives and aims Our main aim Is to be obedient to J¢sus Christ who said in Matthew 6.33, Seek th¢ Kingdom of God above all else, and live righteously, and he will give you everything you need. Our objective is the advancement of the Christian faith worldwide. Our long tem] objective is, For the earth to be filleAI with th¢ knowl¢dg¢ of the glory of the Lord as the waters cover the sea (Habakkuk 2.'14) Our short terni objectives are described by Jesus in Matthew 28, Therefore go and make disciples of all nation& baptizing them in the narne of the Father and of the Son and of the Holy Spiri( and teaching them to obey everything I have commanded you. And surely l am with you always, to the very end of the age. Aetivities Summary Our basic strategy is to make our bodies a living sacrifice and actually meet and interact with real people. W¢ talk and teach and equip. We tell and listen to one another's stories and write academically and popularly, We seek a transfomation in individuals. fnill¢S and Cominunities in Northern Ireland and globally through dialogue and understanding in the context of loving and listening to your neighbour. We aim to break down the divith'ng walls of tradition, Ioran¢t and suspicion. We hoEd ongoing cross community ine¢tings and weekends where people interact and grow in tolerance and friendships with one another. Some even marry one another. We encourage care and outreach for others less well off than ourselves. Grant Making Policy Our grant making policy is to help indiv1thIS and bodics who are sacrificially and seriously involved in irnplementing the fvlfilment of Jesus, Great Commission to.. Make disciples of all nations (Matthew 28..19) Page 2
threefoldcord (A company limited by guarantee) Re ort of the Trustees includin for the Year Ended 30 June 2023 Directors, Re ort ACHIEVEMENTS AND PERFORMANCE The principal pu4)ose ofour charitable company is to "do business" and advance the Cknistian faith until Jesus returng. Jegug, last words were, It ig not for you to Imow the timeg or dates the Father set by his own authority. But you will receive power when the Holy Spirit comes on you. and you will be my witnesses in Jerusalem, and in all Jud¢a and Sanwi4 and to the ends of the earth. These words echo Jesus, Great Commission in Matthew, All authority in heaven and on earth has been given to me. TherefoTe go and make th'sciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, alld teaching them to obey ¢v¢rything I have con)manded you. And surely I am with you alway& to the very end of the age. Nowadays, Christianity is out of step and out of favour with the wider cultur¢. OUT beliefs and concerns are under attack in school4 universities, the entertainment industy and the media. It's even worse for our friends in India some of whom are daily facing death. Recently Binu Thampy told us about hundreds of Christian villages that have been burned down. The believers were forced to dig up their dead and cary them away in carts when they were banished from th¢ir hom¢s by th¢ local 14indu radicals. YeL Jesus's chur¢h has always outlived the many great empires with their philosophical and totalitarian systems. The issues currently dominating our public thinking will be only half remembered phantoms in twenty years from now, while Jesus's church will still b¢ flourishing. N¢v¢rth¢les& part of our mission is to edify Christian believers. Consequently, our objectives are to encourage, support and equip the body of Christ worldwide to share the love of God in practi¢al and spiritual ways. To this end we travel, teach and demonstrate a dynamic ChrAstianity as espoused by Jesus Christ. Our desire is to see our nation and the nations of the world reflecting the blessings, the prosperity and the values of the kingdom of God through kingdom minded individuals who occupy positions of influence in the areas of religion, family, education, gov¢rnm¢nL medi4 arts and entertainment and business. This year, w¢ have ministered in Greece, Canadi Slovakii Englan(L Italy, Israel and Ireland. We have especially supported India. We have g1s0 hosted ministers from other nations. We also held regularly weekly cross community m¢¢tings and conianucd to att¢nd and support interdenominational equipping meetin8S throughout the year. We continued with our prison ministy. Angela prayed with intersessors from India and elsewhere. Brendan and Angela continued to write and Angela publish¢d a book called LookAi ihe Bird3'. Wc continued to interpret dreams and encourage people to grow in their God given talents and various gifts of the Holy Spirit. Our goal is that believers grow in hearing God's voice through His word and through His Holy Spirit. This is so that we may do God's will. We know spiritual gifts are not for our own personal usc and enjoyment. They are given so we may build up th¢ body of Christ. Brendan would especially like to write ChrÈstian fiction in order to bring the reality of the present day ministy of the Holy Spirit to the attention of wider public conllnunity. As C. S. Lewis wrote. Onward and Upward! To Narnia and the Northl FINANCIAL REVIEW Financial Position The accounts deal with all the income and expenditure of the charitable company as well as its fmancial position at the year ¢nd. Funding sources comprised individuals who donat¢d to the charitable company. Reserves policy The trustees, policy is to retain a level of unrestricted reserves, which ntcheS the needs of the charitable company both at the cllent time and in the foregee261e flltllre. The Board has set a Reserves Policy wh¢r¢by the aim is to have unrestricted reserves held by the charity at any year end sufficient to cover its modest support costs and £2.000 direct trav¢1 costs. This ¢quates to approximately £4,500. Actual unrestricted reserves at th year-end were £8.224 (2022.. £2.300). Page 3
threefoldcord (A company limÉted by guarantee) ort of the Tnistee8 includin for the Year Ended 30 June 2023 Directors, Re FINANCIAL REVIEW Going Concern After making appropriate enquiries, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continiie to adopt the going concern basis in preparing the financial statements. Further details regarding th¢ adoption of thc going concern basis can be found in the AccoLinting Policies. STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees (who are also the directors of threefoldcord for the purposes of company law) are responsible for preparing the Report of tlie Trustees and the financial statements in accordanee witli applicable law and United Kingdoin Accouiiting Standards (Uiiited Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare fInancial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of tlie incoming resources aiid application of resources, including tlie income and expenditure, of the charitable CoMp]Y for that period. In preparing those financial statements, the truste¢s arc required to select suitable accoiinting policies and then apply them consistently. observe the methods and Principles in the Cliarity SORP 2015 (FRS 102) make judgemeiits and estimates that are reasonable and prudent. state whether applicable United KingFdom Accounting Standards have been followed, subject to any material departures disclosed and explained in th¢ financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable aecuracy at aiiy time the financial position of the cliaritable coinpany and which enable tliem to ¢iisure tlial tlic financial stateinents comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. ACCOUNTANTS The accountants, CG Tag8art Accountancy Services, will be proposed for re-appointment at the forthcoming Annual General Meeting. SMALL COMPANY PROVISIONS This report has bc¢n prepar¢d in accordance with the special provisions of Part 15 of the Companies Act 2006 relatii)g to small companies. ON BEHALF.OF THE B Harry Secre uso 9 August 2023 Page 4