tbreefoldcord (A company limited by guarantee) ort of the Trustees includin for the Year Ended 30 June 2024 Directors, Re ort The trustees, who are also directors of the charitable company for the puseS of the Companies Act 2006, present their report with the financial statements of the charity for th¢ year endcd 30 June 2024. The trustees have adopted the provisions of the Charities SORP {FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repiiblic of Ircland (FRS 102)" (effective l January 2019) in preparing the annual report and fmancial statements of the charitable company, which are also preparcd to meet the requirements for a directors, report and accounts for company and charity law purposes. REFERENCE AND ADMINISTRATIVE DETAILS Companies House Company Registration number N1065442 (Northcrn Ireland) HMRC Charity Registration number XR99909 Charity Commission for Northern Ireland Registration number NIC102228 Principal and Registered office 59 Haypark Avenue Bclfast BT7 3FE Trustees The inembers of the Board during the year and up to the date of approval have been: E H Hary Ferguson Jonatlian R Clark Nigel Glasgow Raymond T Harrison Mary E Mccaulcy Donna Woolsey Treasurer Company Seeretary E H Harry Ferguson Chief Executive oificer Brendan Mccauley Accountsnt CG Taggart Accountancy Services Chart¢red Accountants & Registered Auditor 17 Cypr¢ss Crescent, Donaghadee, Co DoNvn, BT21 OQG Solicitor Maccorkcll Legal & Commcrcial, Garvey Studios, 8 - 10 Longstone Street, Lisburn, Co Antrim, B T28 1 TP Banker Bank of Ireland University Road. Belfast, B T7 INH Page I
threefoldcord (A company limited by guarantee) Re ort of the Trustees includin for the Year Ended 30 June 2024 Directors, Re ort STRUCTURE, GOVERNANCE AND IIQINAGElWtENT Governing document The charitable company is controlled by its governing document, its Memorandum and Articleg of Association. and constittites a limited company, limited by guarantee. as defined by the Companies Act 2006. Governance of the Organisation During the period under review the trustees met annually. Trusteesldirectors ar¢ appoint¢d by application made in writing by the prospective trustee/director and approved by the Board. Thc business of the charitable company is managed by the Board. the members of which retire by rotation. Trustees delegate day to day responsibilities for ruiming charitable company to its Chief Executive Officer, Brendan Mccauley, who is not in r¢c¢ipt of a salary. Risk management Tlie trustees have assessed the major risks, to which the charitable company is exposed. in particular those related to the operations and finances of the charitable company. The tnist¢es are satisfied that systems are in place to mitigate any exposure to major risks. PUBLIC BENEFJT STATEMENT The trust¢es have complied with the duty to have due regard to the Charity Cominission for Northern Ireland's statutory guidance on the public benefit r¢quirement issued under the Charities Act (Nl) 2008. OBJECTIVES AND ACTIVITIES Objectives and aims Our main aim is to be obedient to Jesus Christ who said in Matthcw 6.33, Seek the Kingdom of God above all els¢, and liv¢ righieously, and he WAII give you everything you need. Our objective is the advancement of the Christian faith worldwide. Our long temi objective is, Forthe earth to be fillL'd with the knowledge of the glory of th¢ Lord as the waters cover the sea (Habakkuk 2..14) Our short tem objectives are described by Jesus in Matthew 28, Therefore go and make disciples of all nations, baptizing them in the name of the Father and of the Son and of the Holy Spirit, and teaching them to obey everything I hav¢ commanded you. And surely l am with you always, to the very end of the age. Activities Summary Our basic strategy is to make our bodies a living sacrifice and actually meet and interact with real people. We talk and teach and equip. We tell and listen to one another's stories and ThTite academically and popularly. We seek a transforn]ation in individuals, families and cornmunitics 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 divlding walls of tradition, ignorance and suspicion. We Iiold ongoing cross community meetings and w¢ckcnds 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 individuals and bodies who are sacrificially and seriously involved in implementing the fulfilment of Jesus, Gr¢at Commission to.. Make disciples of all nations (Matthew 28.'19) Page 2
threefoldcord (A company limited by guarantee) ort of the Trustees includin for the Year Ended 30 June 2024 Directors, Re ort ACHIEVEMENTS AND PERFORMANCE The principal purpose of our charitable company is to "do business" and advance the Christian faith until Jesus retums. Jesus, last words were, It is not for you to know the times or dates the Father has 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 Judea and Samaria. 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. Therefore go and make disciples of all nations, baptizing them in the name of the Father and of the Son and of tlie Holy Spii'it, ]d teaching them to obey everything I have commanded you. And surely l am with yoii always, to the very end of the age. Nowadays, Christianity is out of step and out of favour with the wider eulture. Our beliefs and concerns are undeT attack in schools, uijiversities, th¢ cntcrtainmcnt industy and the inedia. Tt's even worse for our friends in India some of whom are daily facing dcath. 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 their homes by the local Hindu radicals. Yet, Jesus's church has always outlived the many great cmpires with their philosophical and totalitarian SyStem.s. The i88ues currently dominating our public thinking will be only half remembcred i)hantoms in twenty years froni now, while Jesus's church will still be flourishing. Nevertheless, part of our mission is to edify Cliristiaii believers. Coiisequently, our objectives are to ei)courage. support and equip the body of Clirist worldwid¢ to sliare the love of God in practical and spiritual ways. To this end we travel, tea¢li and demonstrate a dynamic Christianity as espouscd by Jesus. Our desire is to see our nation and the nations of the worEd reflecting the blessings, the pr()sperity aiid the values of tlie kiiigdom of God through kingdom minded individuals who occupy positions of influence in the areas of religion, t"amily, education, government, media, arts and entertainment and business. This year, we have ministered in Greece, Canada, Italy, England, Scotland and Ireland. We have especially supported India. We liave also hosted ministers from othcr nations. Wc also h¢ld regularly weekly cross ommunlty meetings and continued to attend and support interdenominational equipping meetings throughout th¢ year. We continued with our prison ministry. Angela prayed with intercessors from India and elqewhere. Brendan and Angcla continued to write and Brendan publish¢d a book called All ThL Dreams of,Sl Palrick. Brendan also An¢ntored a few new Christian writcrs. He helped Canada's Lionel Batke publish God Has pvken. The encouragement of indigenous writ¢rs and artists is a growing opportunity. We continued to interet dreams and encourage people to grow in their Clod given talenLs 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 Sptrit. This is so that we may do God's will. We know spiritual gifts are iiot for our owti peiBonal use and enjoyment. They are given so we may build up the body of Christ. Brendan has begun to write Christian fiction in order to bring the reality of the present-day ministry of the Holy Spirit to th¢ attention of wider public community. As C. S. Lewis said, 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 financial position at the year end. Funding sources comprised individuals who donated to the charitable company. Reserves policy The trustees, policy is to retain a level of unrestricted reserves, which matches the needs of the charitablc company botli at tlie current time and in tlie foreseeable future. Tlie Board lias set a Reserves Policy whereby the aim is to have unrestriLt¢d reserves held by the charity at any year end sufficient to covcr its modest support cost8 and £2,000 direct travel costs. This equates to approxtmately £4,000. Actual unrestricted reserves at the year-end were £1.360 (2023: £8,224). Page 3
threefoldcord (A company limited by guarantee) ort of the Trustees includin for the Year Ended 30 June 2024 Directors, Re ort FINANCIAL REVIEW Going Concern After making appropriate enquiries. the trustees have a reasonable expectation that the charitable company has adequate resourccs to continLie in operational existence for the foreseeable future. For this reason. they continue to adopt the going concern basis in preparing the fiiiancial statements. Fiwther details regiardin8 the adoption of the going concern basis can be foiind in th¢ Accouiiting PoliLies. STATEMENT OF TRUSTEES RESPONSIBILITIES Tlie trustees (who are also the directors of threefoldcord for ihe purposes of company law) are responsible for prepariiig tli¢ Report of tlie Trustees and the fiiiaiicial statemeiits iii accordance with applicable law and Uiiited Kiiigdom Accountiiig Standards (Uiiited Kingdom Gellerally Accepted Accouiitiiig Practice). Coinpany law requires tlie trustees to prepare financial statemeiits for each financial year which give a true and fair view of the state of affairs of the charitable company and of the iiicominb¥ resources and application of resources, includiiig the incotne and expenditure, of the charitable company for that period. In prepariiig those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently. observe the metliods and principles in the Charity SORP 2015 (FRS 102) mak¢ jLidgem¢nts and estilTJates that are reasonable and prudent. State whether applicable Uiiited Kingdom Accounting Standards have been followed, siibject to any material departures disclosed and explained in the financial ststements. and prepare tlie financial statements on the going concern basis Linless it is inappropriate to presume that the cliaritable company will continue in busiiiess. The trustees are responsible for keepiiig proper accounting records whicli disclose with reasoiiable accuracy at any time the financial position of the charitable compaiiy aiid whicli eiiable thein to ensure tliat tlie fiiiaiicial stat¢ineiits comply with tlie Coinpanies Act 2006. They are also responsible for safeguarding tlie assets of tlie cliaritable coinpaiiy and hence for taking reasoiiable steps for the prevention aiid detection of fraud and other irregularities. AccouKfANTS The accoiintants, CG Taggart Accountancy Services, will be proposed for re-appointment at the forthcoming Annual General Meeting. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. ON BEHALF OF THE BO Harry Ferguson Seoretary 6 March 2025 Page 4