Company number: N1072101
Chttrify numb•r". 102256
THE IhESLEY TRUST IHIGH STrEET METhODIST) LURGAN
(A COMPANY LthI￿ED BY GUARANTEEI
ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS
FOR THE YEAR EMDEO 31 DECEMBER 2022

Th• W••l•y Tn￿t {Hlgh Str••t M•llv•(l•l) Lwg•n
ArHwl repwt aThlthwuditodfr*ncial ¥tatomonts for th? y•ar•nd•d 31 D•¢•mb•r 2022
Pag88
Contents
Adnwnl8tra￿.¥e datall8
OirKbr8' Annual I Strakngic R•port
Indopond8nt Examln6ts report to Ihe Dlr8¢tr)rs
Slatsmontof fin•nc4AI acti￿lieS I Income and 8xp•ndlluro a¢wunl
Balance sheet
Note8 lo lh8 annual Ilnandal 8tstement8
10- 11

Th• Wo•hy Trntst IHigh Str••t M8thothot) Lwgln
Admlnlstratlv• dot•llo
Charity Name:
Thé Wéslèy Trust (High Streat Methodist) Lurgan
Charity Règistrats'on Number.
102256
Company Regl$tralon Number.
N1072101
The (￿MpanY l• Ilftwted byguarantsè and eon5equondy doe8 not havo 8h8re capbtal.
Regislared Office:
21 High Stre81, Lurgan, Co Affl￿gh. 8T66 8AA
Diréctsr8
Rev Harol¢J 4new ICh8lmanl
Rev Shaun C1818nd
Irane Dick8on
Dawd 88sl
Andrew Cla￿8 ITroasurerl
Charf8B Hamilton ISo¢relaryl
The use of the tem'Directol incorporates ihe designation of Trustse, for8 charity throuohout thls
Annual Reportand Finanu81 Statements.
Indap8ndont Examin
Nam8:
Kèith Lutton
Addr886'.
91 Ballygroobany Road. Rlchhlll. Co Affl￿gh, 8T619NA
8anker8
Dansk8 Bank
4￿8. High SW PortAdown. Craigahtyn, 8T62 1LB

The We8ley Trust {Hlgh $tr8et Methothst) Lwgan
D5r•¢t¢￿' Annu&UStrat•gk Rewt
The Direcbrs pras•ntthe annual rgport and acc£sunts for The Wesley Trust (High Str88t Melhodistl Lurgan
{known as tha Wesioy Trusri tjr yaarended 31 D8combor 2022.
ctfves and A¢tlvtt*¥
Th• obl•diva& ofthè TN8t are Iha 8dv8nc8m8ntofI￿ Cmsllan Faltr* as und8r8knod by tho M•trtodl81 Church
in Ireland and forlhe prornotion of the wblic benefit and social good of Lurgan ltrte areè of benefiy). being an
area of social Ore￿nOmiC deprivation. by all oranyof lh8 ft>llowing mean8'.
1. the relief of poverty.
2. the rol￿* of unamploymontin ways as may b8 ttY)ughlfil, Includlng asslstance to11nd employment.
3. the advani%mentof education, training orretraining, and tho proVi￿on of work8xp8riance, particularly
for poopl• who are unemployed.
4. reliéf of Ihoge In nged by reason of youth, age, ill h8allh, addiction8. diaabillty, financlal hard8hip or
other dl8adYantag8.
Achlev•m•nts. P•rfornianc• and Publ1¢ 8•ft•fit
During y8ar1ho Trusl••s eontinugd to utilise the promises to realise the k8y oblecovas ofth8
Wesley fwst. Wlh rospgct to lh8 roli8fof un8mployTnonl our a￿#￿ng ten8nts, BNL Produ¢tion8, the
Re$tAuranl ond Faith M188lon 8ook8hop, continued to provldg omployment In three diverse work
enyironm8nts LbUll￿n9 all available accommodation. In Novembor 2022 a new tenant IFrèyhileld81 sign8d
five y8ar18880 for tho café. A3 8 T88uIt of thNid-19 Iha VV081ay truslconbnuad to agree lowèr ronls for
8UPPOrtto the on-going bu8ine8888.
Th8 offlcé ypa¢8 within Ihg buildings continued k) be used for youth work organisad by th& Youlh Pastor
who had an Offi￿ wilhsn tho premi668. Evory olhar Satnday night the building IÈ u8ad for
Youth &oup gathedng. There aro 80vonteon young peoplo corning from sevon diff8r8nt local sth0018,
Includlng e numb8r of young ad¢Jllvoiunteers.
Betsv8en Sept8mb•r and Doc8mb8r 2022 th& focus was on perw)n81 development and community
Involv8m8nL tr) lh• followng monlh# the￿ young p8oplg will b• Involv8d In lutthor plannln9
of their own curriculum tOgotr*•r. PaBtoral car? m8otino8 ar8 held wilh our own volunte8r8
and young ￿0p10.
Tho building 18 mad8 8v8il8blo for8tBff 8nd volsmt••r ￿￿1￿@ 8088ion8 for Reath Monkjring,
whlch wort<S8Cf088 88ver818th0018 locally and in n￿ghbO￿nn9 town8.
In Junè 2022 0 thr8e￿89¢on tr8nwlSon course wa8 provlded forchlldren moving from primary
to &o￿ndary achool, and 8•vw81 thildr•n from ofthe l¢xal pnmary schools were involved.
Thor• aro18èd¢rnhip meetings k) local ¢omnwnity work with volunte8r8 acros8 Ihè whole town and
also to organi30 ¢onb"nu8d youlh worf( provision in High Street Methodistchurth, induding with the young
leaders who w8r8 being supportgd and dèveloped. Th8 8oy$ Brigade organisation 8190 u8è the building.
Sessions wi** young p￿p1a conbnue on Ihe preff48￿, and Iherg has been a movement back to
MO￿ faCtr￿faCe m8e*ng$ from online plalA)mis.
The upstaits room is still Used to prowde support to Ihe young poople and thèir framilies, induding
The up8tair8 rnom 18 61111 used to pffjyide 8UPPOrt lo the young people and Ih8ir famllie8, indudlng
phone 0118, sourcing usefvl resour￿$. and Inyrson galherings. including with the fi￿St￿lnerable
who use our provision.
The building is 8190 now being u88d 88 8 Crothè brfamili08 on Sunday moming8.
A group ofwomen m881 on a r8gular ba818 In Ihe prem180 under tho bannèr ol w¢)rft￿n
Churth menkners also use Ihe promi￿ formeeb.ngs on altemal.ve Tugslay nights for Praise and Prayer.
Fln#nttl•l r•vl•w
Therè was a defieitof £2.205 8ftor doprnaath'on ofbuildings for th8 year b) 31 Dse*mb•r 2022 arisino
from actiwties. Rontal income in￿8880d from £11091 to £14?18.
Total reserve8 amwnt *) £499,531 as at 31 D•(*mber 2022. During the ywlh810on borYowing$ W8Ta
reduced from £92.362 b £86253.

Th• Wèsley Trust (Hlgh StroetM•tTrw)dl8t) Lwgan
Direct¢n' Anft￿v Str*t•gic R•p¢#* (contin￿dI
Golng ¢on¢•m
The directors have reviewed ihqj budgets for Iho year ahvad and ar• $8lisfi8d Ihatth&r8 are adoquata
nds in plac* to ensure that Ihe Wesley Trustcan ctjntinue its activities and tre finan(gal 6ts1*ments for
8 yÉarended 31 December 2022 can bo signed off as a going concam.
The Memorandum and Arbd08 of A8wci*ion govèrns Ihe W•81oy Tru8L
Appolnkn•nt ofts DlYedrf8
Two direcknrs are appoint8d by the Methodi$tChurch in treland. Tha r•maining rMmbèr¥ arè oppointsd
by Iha Council of High Street Malhodisi Church, LLbrgan.
Pay and romthwratltyi
During Iho yaar thoro were no paym0nl8 for pay or r8munorntion$. No paym8nl8 wor• mad8 lo directors.
Funds hald a8 CWdtodi&nfar a#*r•
Th8 VVe81gy TAJSI did not hold anyfiJnd8 <Jn bahalf of others during Ihé yogr.
Orynl••ilonal Struc
The dir•ctr&rs ar8 re5r￿)n￿ble fortho managemeftl of Iho Wesley Tru81. Cuffenuy thore ar• six directorg.
Boord motingg are thaired by the Ministerof High Str•o1 Melhodisl Church, Lurgon. The dirgCtor8 9rn
responsib18 for ma￿.ng déci8ions on matters of goner81 ekincom and importAnce kj tho Wesley Trust
Including daoldlng how W881oy Tru8lfvnd8 are t> be applied.
8t•t•m•Dt of Olrè¢tor•' Rasp￿8￿1111{0¥
Th8 dlrocbrs arn m8pon4blo for prepring tho Dlr8ctors' Rfrport and Iho finantial 8tstsnwn18 in
accordance with #pplicable law and Unlknd Klngdom Accounting Standard8 (Unitsd lQngdom Generally
Accepted Accounting Practiee).
Company law requlres tha dir8ctr)r8 kn pr8p8r8 fjnancial statem9nts lor ead) Anonci81 yoarwhich give a
true 8nd fair vièw ofthe stst8 ofatrairs of Ihe tharitabl• company and of Ihe incomlng rèsouro8s and
application of rneoure8s, induding Ihe incDma and expenditur8, of Ihe charitablo company for Ihat Period.
In pr8paring Ihege finandal statements, Ihe diiectors Bre rèquired to.
. 88l•cl suit8bl& acrnunting polities And Ihen apply thom con8iSt6ndy:
obsefft tho mothod8 and pwinapl8s in the Charilles SORP.,
make ludgn*nts and accounling 88timato8 Ihatare feasonabl¢ and PnAd8nt',
• state whathar appIl￿tle UK Ae£ounbng St8ndartl8 hava boèn followed, wbl8¢1 b any m8lwlal
d8partures di#c108ed and eyplakned In the finana813tstemonts: and
' prnpafe the finana818tstemonts on the ongtyng basis unles8 il 18 inappropriate to pr88um8 thatthe
charity will ttsntsnue in businegs.
The dir8cknrg are r8$ponsble for k88ping adeouats awounting r8cord8 Iho18ra gJJffi¢ienl to 8how and
explain the tharity'B tran8a¢tions and di8dosè with re8sonabl8 acGur8Cy Èteny tsmo th8 financial position
of the charity and enabla them t> en8ur8 Ihat O)8 financi81 statements eomply with kne Companies Act
2006. They al80 rèsports1b￿ for $8f8guardlng Ihe assets ofthe tharity and hanrs fr)r taklng
reasonable step8 for the provention and detethon offraud and other irregularitios.
In pr8paring Ihis r8porL the direckn¥S have laken ad¥antsg8 of tho Small eomp8niesexgmpllons provided
by 8edion 415A of Ihe Companies Ad 2006. No directors have required tha (x)mpany to obtain an 8udil
of its accounts for the yeor in que8fjon.

b•hWof**
R•vHwald

'YW JYA WT41
X 7A#t Ih••¢wm do ¢orryp',y th• •¢uJJthg 0¢4•um 3•J olih•

THE WESLEYTRUST (HIGH STrEET MEfHODIST) LURGAN
STATEMENT OF FNANCIAL AcTr￿s IINCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DEC￿BER 2022
Not••
2022
2021
Rent FM bookshop & Café
R?nl BNL Productiorbs
Ronl Fr88h Fleld8 Cofo
6.835
7,050
433
14,318
5,618
6273
11,891
200,000
Grant from tho MethOd￿tChurCh In hland
Tol41 Incam•
211 891
Expndltur•
Heat ond li9ht
In8urance
Telephone
Maint8n8nce & r8psirs
Church loens int8r8#t
Bank fe88 and intsr8$1
D•preoation on propgrty
Sundry
13,5041
(1,6161
(1,3711
15701
1557)
16891
{7,6731
15631
11,3971
11,4491
11,5781
11,0251
11461
{8681
17,6731
16131
Total oxp•ndAw•
14.549
N•t IK<#n•
122051
197,342
501,736
304,394
499 531

$87M31
1.193
9.
10.88ts
2DO
740
J48
I,IZJ
510
VAT
499,631
219071
281 885
601,788
Capltyl rq¥orw•
9021
13089
,132
58 JYJ
10
88268
282

THE WESLEY TRUST{HIGH sfREET METHODIST) LURGAN
NOTES TOTHE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR TO 31 DECEMBER 2022
1. A¢¢ountkng Pollcl•s
•) Ba#lB thl and pr•p•rall¢
The finandal 6ta*mgnlB havo been prop*f￿ on 8 going concem basis in aecofd8nce wilh Acthunting
and Reporting by Charitias: Statomonl of Recomm6ndad Praclica applicablg to charities praparino their
in accordance vhlh lh8 Ftnanaal R8portlng Standard applicAbl8 In thè UK and Ropublic of
Ireland {FRS 1021- {Charities SC)RP IFRS 1021, ts Rgporèng Standard applicable in lh8 UK and
R8public of tr•land (FRS 1021, and in accord8nco Finantsal Rèporting StarKlaThl for Small•r Enlttie8
8ff8ctiv8 April 2W8.
Tho Wo8leyTruat moèts tho definibon ofa public b8naffit ￿tity undar FRS 102. A889ts and liobiliti86 arè
inlb.ally reCogni￿d al hl$tOriC C4>81 ar￿ tran8&ction value unleJ8 olherwise 8tat8(l in the ra1￿9￿*
ac￿ufttiftg pollcy nobl81.
bl Pr•p•rAtknn alac¢￿￿4 an a ¢t)￿ar￿ bo•l•
Tho We81ey Tfust m••t81ts day l) day working oiylal rnquiroments its annual inojme. Tho dlr•ctr)r8
ave obtained and reviewod cash flow foroc*$tg for Ihe c£•ming yoar ond ba8ed on th0$9 ar6 satisfied
Ihal the we￿8Y Tru8th88 resour￿8 b prov¢de a reasonabla expoctation that Il can cajntsnue to m881 ita
financial obliu8ts.ons as th8y lall due br tho foresaèable fubJre . Th6refore Ihese finanttal 81atsmanl8
havè bean prapar•d on a going c￿c•M b881&
¢1 Turnov•r polky
Rentsl incomo 18 Indud•d whon du• ond grnnt incomg indud•d whgn expr￿l￿re i¥ inwrrad.
dl Exp•ndltur•
Expondliure18 T8￿)gni8¢d once Ih•re ity a1•gal orcon8tfud¥e obligation to mak¢ o pay￿￿nI to a third
party, itl$ prob8ble Ih81 ¥•llem8ntwlll b6 requlred and the amount of the oblfgation con be measured
reliably.
•) N%￿¢￿TrOnt a•8ets and d•pr•¢latlon poll¢y
Non cuTh8nl *SBet8 are mgda up ofland, bu8in888 propoty and non bu8iftess property. Land 18
reccvJnised al e4JsL Buslnes$ property is ￿CognIsed al valuation. Non business proparty is r•cognis&d at
C081. Land is not d8preciat￿. Buiin8s$ and non bu8iness Pfopety are d•pr•ua*d by equ81 amounts
over 50 yoorn.
2. Rostrletéd FundB
There ar8 no rèstridèd fund8.
3. R•mun•ratlon Ind 0xp•n￿$
Tha Wesley Tru8t doa$ not have any 8mploye8s. Thè Directors w8r8 not pald any ramunerallon or
expenseg. No diracaor or p0r#on ralated to 8 dirocbr had any personal intsre81in any ￿ntract or
transaction entsrÉd ink) by lh8 Wo31ey Tru8tduring tho y8aT.
4. Taxalan
The we￿•Y Tnjsl is recognised a8 a cbarity lor Ihe purposes of applicable tax8llon leglslauon and is
theretsra not subjèctlo taxab'on ¢)n its charitable aclivities.
10

THE WESLEY TRUSTIHIGH STrEET METHODISD LURGAN
NOTES TO THE ANNUAL FINANCIAL STATEMENTS F(Xi THEYEAR T0310ECEMBER 2022 IcontÉTh*d}
Non
Busine88 Business
Land Prop•rty Pyyrty
S. Pr¢)porty
2022
Total
2021
Total
Co•UValu•tlc
())ening balance
Additronsduring the ￿8T
Disposals during th& y8ar
Glosing bolènce
250.000
209,41)0
174,269
633fi69
633,869
250 000
174
633,689
Depr•¢lall¢xb
Op8ning balan¢•
Charo8 during th8 yoar
Closing balance
{25.1281 120,9101
146.0381
138,3651
24,395
46.038
Net book valu• at•nd of y•
149 874
579,958
S87,631
N•t book valu• •t1￿m￿40t y•ar
T2
587.631
595.304
6.
Al Ih? beglnnin# of Iho ￿#r Ihe opllgl re8erv• of Q81,865 w88 Iran61&rrvd into rn%fjnuo r8serv88.ll was u)n8idorod Ihalthis
was a morè approprieta disdosurè as all of the 80urce of the copikl re8orve8 r8lated kj granb r•ceived from third parti08
Ihot contain no r••trldon•.
7. Lolnfrom Bank
Thè loan from Ihe D#ngke Bonk and18 r•p8ydbl• ovar 10 year$ by monthly inslallm8nts. The rats of intarosti8
4Yo above Iho bank ba$8 rat8.
8. Chwch M•mb•r•
2022
2021
l>•nlng balanc
20.000
20.000
Repaid during the yoar
Closing balanco
20,000
Al the y￿r ond loan8 trom Churth Membor8 hav• no r8paymenl16M￿ 8pedfied and are IntsroJtfro8.
9. Loan Irom Hlgh Str••t M•thotht Chwch
Thè loan from lh8 Church i# r•payable Ovaf a ten ￿ar period by monthly in$tallements. The rate of Intsre81 18 4.5Qh pA.
10. Long term 108n
The loan from lh8 Mèthodigtchurth in Iraland w88 intere8tfr•e and was convoTtsd inkn 8 grant during Ihe 2021 year.