REGISTERED cHARy NUIVIBER: 102338 Report of the Trustees and Financial Statements for the Year Ended 31 March 2023 for Moira Pentecostal Church Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longston¢ Street Lisbum Co. Antrim BT28 ITP
Moira Pentecostal Church Contents of the Financial Statements for the Year Ended 31 Ilqarch 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial ActlVAties Balance Sheet Notes to the Financial Statements 7 to 13 Detailed Statement of Financial Activities 14 to 15
Moira Pentecostal Church Report of the Trustees for the Year Ended 31 March 2023 The trustees present their report with the financial statements of thc charity for the yeai ended 31 March 2023. The trustees have adopted the provisions of 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 Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The charitable purpose of the Church is the advancement of religion. The church is engaged in the propagation of the Christian faith and to sprcad the gospel of Jesus Christ as revealed through the Holy Scriptures by all means of communication. The church also aims, to provide for preaching, teaching and fostering the growth of the Christian religion in Moira and such other places as the trustees may decide and to licence and ordain pastors and ministers" to carry on the work of evangelism" to promote missionary work in all places. to carry on the organisation of churches and foster their development and local sovereignty and independence. To stand possessed of premises fonning part of the trust fund to allow same to be used as a place for public worship of God and for preaching the gospel of our Lord Jesus Christ according to the principals and usages of the Church. As a result of actlvlty in the pursuit of the advancement of the Christian religion, the Church has custody of property and of records, materials and artefacts of significance to the cultural and religious heritage and maintenance of which is undertaken by the trustees of the Parish. Achievements, Performance & Public Benefit Pur The principal function of the Church is to support the advancement of the Christian religion by promoting through the work of the Church the whole mission of the Gospel, pastoral, social and evangelical. All the functions of the Church relate to the advancement of religion through holding regular worship and communicating and caring for worshippers of all ages especially the sick, elderly and others in our community. Public Benefit The charity trustees have complied with their duties in line with the Commission's Public Benefit statutory guidance. Regular worship and reaching out into the community as well as other activities both social and fundraising have been carried out throughout the year to fulfil our statement of public benefit. The premises are regularly used by various organisations and local community enterprises. Page I
Moira Pentecostal Church Report of the Trustees for the Year Ended 31 March 2023 OBJECTIVES AND ACTIVITIES Finances Income and Fundraising During the year, freewill offerings and gift aid recoveries have resulted in the total unrestricted income remaining consistent with the prior year. Restricted fund income has decreased by £58,394 following the initial post covid increase in 2022 of 92,737. This decre&8e is in some ways matched by the decrease in expenditure below. Expenditure The expcnses of raising funds have fallcn by £40,723 (2022, decrease of £6,961) and as in prior years, the laigest elcm¢nts of cost remain employment costs and the support of missions. Financial Position With the above movements in Income and Expenditure, the Church has continued to support many missions during the period under review and remains in a significant financially liquid position. This underpins the Church's ability to continue in charitable operation. Management The finances are managed by the Hon. Treasurer, Mrs S Goudy, who reports back to the trustees on a weekly basis or in-between if necessary. Pay and remuneration. The pastor received stipend, locomotory and office allowance during the year. The total salary was £20,395. (2022 £25.414). Reserves Policy It is the policy of the church that unrestricted funds, which have not been designated for a specific use. should be maintained at a level cquivalent to between six and nine months expenditure. The trustees consider that such rescrvcs will ensure tha( in the event of a significant drop in income, they will be able to continue the church's activities while consideration is given to ways in which additional funds may be raised. Thc level of reserves has been maintained throughout the year. FINANCIAL REVIEW Going concern Th¢ trustees have reviewed the financial position of the Church and are satisfied that there are adequate nds in place to ensur¢ that the Parish can continue its activities and the fInancial statements for the year ended 31 March 2023 can be signed off as a going concern. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. The Church's operation and governance is defined by the Declaration of Trust document dated 29th July 1991. Recruitment and appointment of new trustees Where appropriate, trustees are appointed following a selection process undertaken by the existing trustees. The trustees will hold their positions until such times as they resign, retire or are removed. Tiustcc's records are updated on the charity commission website to represent these changes. Page 2
Moira Pentecostal Church Report of the Trustees for the Year Ended 31 March 2023 STRUCTURE, GOVERNANCE AIYD MANAGE1NT Organisational structure The trustees are responsible for the day to day management of the Church. The board of trustees is chaired by the pastor. Trustees are responsible for making decisions on matters of general concern and importance to the church including deciding how church funds are to be applied. The trustees meet regularly throughout the year. Special meetings may be convened at any time by the chairperson or any trustee. During the year, the Trustecs met 12 times during the year and the average attendance was 90 %. Compliance Ivitb Public Benefit The Church has considered the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the actives entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. REFERENCE AND ADlVItNISTRATIVE DETAILS Registered Charity number 102338 Principal address 73 Main Street Moira Craigavon Co. Amiagh BT67 OLH Trustees Pastor D Goudy Mr C Bloomfield Mr K Rollins Mis S Goudy Independent Examiner John Mccleary FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisbum Co. Antrim BT28 ITP Approved by order of the board of trustees on 6 October 2023 and signed on its behalf by: Mrs S Gou y - Trustee Page 3
Independent Examiner's Report to the Trustees of Moira Pentecostal Church Independent examiner's report to the trustees of Moira Pentecostal Church I report on the accounts of the charity for the year ended 31 March 2023, which arc set out on pages five to thirteen. Respective responsibilities of charity trustees and examiner. As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008 ('the Act,). I have examined your charity's accounts as required under section 65 of the Charities Act. In carrying out my examination I have followed the Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. It is my responsibility to: examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland under Section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under scction 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you &8 charity trustees conccrning any such matters. My role is to state whether any material matters have come to my attention giving mc cause to believe.. l. That accounting records were not kcpt in accordance with section 63 of the Charities Act. 2. That the accounts do not accord with those accounting records 3. That th¢ accounts do not comply with the accounting r4uirements of the Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Indcpend¢nt examiner's statement I have completed my examination and have no concerns in respect of the matters (l ) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Joh Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP 6 October 2023 Page 4
Moira Pentecostal Church Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWIVIENTS FROM Donations and legacies 182,454 135,189 317,643 376,804 Other trading activities Investment income 115,040 6,075 115,040 6.695 118,047 3,733 620 Total 183,074 256,304 439,378 498,584 EXPENDITURE ON Raising ndS 138,888 260,085 398,973 439,255 Other 1,306) 3,407 2,101 2,542 Totsl 137,582 263,492 401,074 441,797 NET INCOMEI(EXPENDITURE) Transfers belween funds 45,492 9,908) (7,188) 9,908 38,304 56,787 10 Net movement in funds 35,584 2,720 38,304 56,787 RECONCILIATION OF FUNDS Total funds brought forward 584,153 85,741 669,894 613,107 TOTAL FUNDS CARRIED FORWARD 619,737 88,461 708,198 669,894 The notcs fonn part of these financial statements Page 5
Moira Penteeostal Church Balance Sheet 31 March 2023 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted nd nd Notes IXED ASSETS Tangible assets 243,800 59,694 303,494 296,739 CURRENT ASSETS Debtors Cash at bank 76,128 310,353 1,410 33,193 77,538 343,546 50,332 343,898 386,481 34,603 421,084 394,230 CREDrroRS Amounts falling due within one year (10,544) (5,836) (16,380) (21,075) NET CURRENf ASSETS 375,937 28,767 404,704 373,155 TOTAL ASSETS LESS CURRE LIABILITIES 619,737 88,461 708,198 669,894 NET ASSETS 619,737 88,461 708,198 669,894 FUNDS Unrestricted funds Restricted funds 10 619,737 88,461 584,153 85,741 TOTAL FUNDS 708,198 669,894 The financial statements were approved by the Board of Trustees and authorised for issue on 6 October 2023 and were signed on its behalf by: Mrs S Goudy - Trustee Mr C Bloomfield - Trustee The notes forn] part of these financial statements Page 6
Moira Pentecostal Church Notes to the Financial Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basis of preparing the financial statemeDts The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with thc Charities SORP (FRS102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) (effective l January 2019), Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act (Northern Ireland) 2008.The financial statements have been prepared under the historical cost convention Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic bcnefIts will be rcquircd in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have b¢en allocatcd to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at th¢ following annual rates in order to write off Cach ass¢t over its estimated useful life. Improvements to propety Fixtures and fittings Motor vehiclcs 200/0 on reducing balance 15 % on reducing balance 25 % on rcducing balance Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds Can be used in accordance with the Charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Hire purchase and leasing commitments. Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 7 continued...
Moira Pentecostal Church Notes to tbe Financial Statements - continued for the Year Ended 31 March 2023 OTHER TRADING ACTIVITIES 31.3.23 31.3.22 Shop income 115,040 118,047 INVESTMENT INCOME 31.3.23 31.3.22 Rents received Deposit account interest 6,000 695 3,000 733 6,695 3,733 TRUSTEES, REIVIUNERATION AND BENEFITS 31.3.23 31.3.22 Trustees, salaries 20,395 25,414 Trustees, expenses 31.3.23 31.3.22 Trustees, expenses 3,213 25,052 STAFF COSTS The average monthly number of employees during the year was as follows: 31.3.23 31.3.22 Administration No employees received emoluments in excess of £60,000. Page 8 continued...
Moira Penteeostal Church Notes to the Financial Statements - continued for the Year Ended 31 March 2023 coivtPARATIVES FOR THE STATEMEiYf OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Total funds INCOME AND ENDoWlkNTs FROM Donations and legacies 183,293 193,511 376,804 Other trading activities Investment income 118,047 3,140 118,047 3,733 593 Total 183,886 314,698 498,584 EXPENDITURE ON Raising funds 158,969 280,286 439,255 Other 2,218 324 2,542 Total 161,187 280,610 441,797 NET INCOME 22,699 34,088 56,787 RECONCILIATION OF FUNDS Total funds brought forward 561,454 51,653 613,107 TOTAL FUNDS CARRIED FORWARD 584,153 85,741 669,894 Page 9 continued...
Moira Pentecostal Church Notes to the Financial Statements - continued for the Year Ended 31 March 2023 TANGIBLE FIXED ASSETS Improvements to property Fixtures and fittings Freehold property Motor vehicles Totals COST At l April 2022 Additions 227,632 1,500 192,177 20,984 16,894 438,203 20,984 At 31 March 2023 227 632 1,500 213,161 16,894 459,187 DEPRECIATION At l April 2022 Charge for year 1,473 130,223 12,442 9,768 1,782 141,464 14,229 At 31 March 2023 1,478 142,665 11,550 155,693 NET BOOK VALUE At 31 March 2023 227,632 22 70,496 5,344 303,494 At 31 March 2022 227,632 27 61,954 7,126 296,739 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Other debtors Prepayments and accrued income 74,840 2,698 47,846 2,486 77,538 50,332 Pagc 10 continued...
Moira Pentecostal Church Notes to the Financial Statements - Colltinued for the Year Ended 31 March 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Taxation and social security Other creditors 9,536 6,844 7,853 13,222 16,380 21,075 10. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 584,153 45,492 (9,908) 619,737 Restricted funds Helping Hands 85,741 (7,188) 9,908 88,461 TOTAL FUNDS 669,894 38,304 708,198 Net movement in nds, included in the above are as follows: Incoming resources Resources expended Movement in funds. Unrestricted funds General fund 183,074 (137,582) 45,492 Restricted funds Helping Hands 256,304 (263,492) (7,188) TOTAL FUNDS 439,378 401,074) 38,304 Pagell continued...
Moira Pentecostal Churcb Notes to tbe Financial Statements - continued for the Year Ended 31 March 2023 10. MOVEIWIENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 31.3.22 At 1.4.21 Unrestricted funds General fund 561,454 22,699 584,153 Restricted funds Helping Hands 51,653 34,088 85,741 TOTAL FUNDS 613,107 56,787 669,894 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds. Unrestricted funds General fund 183,886 (161,187) 22,699 Restricted funds Helping Hands 314,698 (280.610) 34,088 TOTAL FUNDS 498,584 441,797) 56,787 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31.3.23 At 1.4.21 Unrestricted funds General fund 561,454 68,191 (9,908) 619,737 Restricted funds Hclping Hands 51,653 26,900 9,908 88,461 TOTAL FUNDS 613,107 95.091 708,198 Page 12 continued..
Moira Pentecostal Church Notes to the Financial Statements - continued for the Year Ended 31 March 2023 10. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in fvnds, included in the above are as follows: Incoming resources ResouT¢es expended Movement in funds. Unrestricted funds General fund 366,960 (298,769) 68,191 Restricted funds Hclping Hands 571,002 (544,102) 26,900 TOTAL FUNDS 937,962 842,871) 95,091 11. RELATED PARTY DISCLOSURES During the year the pastor, who is also a trustee, received a salary of £20,395 (2022: £25,414) and motor expenses of £3,213 (2022: £25,052). Page 13
Moira Pentecostal Church Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 llYCOME AND ENDOWMENrs Donations and legacies Donations Gift aid Grants 290,049 26,994 600 369,948 4,311 2,545 317.643 376,804 Other trading activities Shop income 115,040 118,047 Investment income Rents received Deposit account interest 6,000 695 3,000 733 6,695 3,733 Total incoming resource5 439.378 498,584 EXPENDITURE Raising donations and legacies Trustees, salaries Trustees, expenses Wages Pensions Travel expenses Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Gifts and Donations Repairs and renewals Church speakers and outreach Children and youth work Mission outreach expenses Cleaning Computer expenses Carried forward 20,395 3,213 50,868 855 2,796 6.884 1,873 5,028 672 706 5,908 273,787 3,964 1,800 2.236 25,414 25,052 39,179 580 1,026 6,833 2,983 5,904 1,009 139 4,152 309,360 1,784 746 332 1,226 677 426,396 1,454 1,691 384,130 This page does not fonn part of the statutory financial statements Page 14
Moira Pentecostal Church Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 Raising donations and legacies Brought forward Subscriptions Improvements to property depreciation Fixtures and fittings depreciation Motor vehicles depreciation 384,130 614 426,396 44 12,442 1,782 10,432 2,376 398,973 439,255 Governance costs Accountancy and legal fees Bank intcrest 1,502 599 2,000 542 2,101 2,542 Total resources expended 401,074 441,797 Net illcome 38,304 56,787 This pagc does not fomi part of the statutory financial statements Page 15