Charity Number: 102338 Moira Pentecostsl Church Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2024 Mccleary & Company Ltd Chartered Accountants Ganfey Studios 14 Longstone Street LISBURN Co Antrim BT28 1TP
Moira Pentecostsl Church CONTENTS Page Trustees, and Other Informatron Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Accounting Policies 10 Notes to the Financial Statements Supplementary Information relating to the Financial Statements 16
Moira Pentecostal Church TRUSTEES, AND OTHER INFORMATION Trustee5 D Goudy C Bloomfield K Rollins S Go(Kly Pastor J Dk Charity Number in Northern Ireland 102338 Principal Address 73 Main Street Moira Craigavon Co Armagh BT67 OLH Independent Examiner John Mccleary FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street LISBURN Co Anlrim BT28 1TP
Moira Pentecostal Church TRUSTEES. REPORT for the financial year ended 31 March 2024 The tmstees presentlheirTrustees' Reportand the unaudited financial statements forthefinancial year ended 31 March 2024. The Iwslees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Praclrce applicabk lo charities preparing their accounts in accordance with the Financial Reporting Standard applicab in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019). Mission, Objectives and Strategy Objectives The charitable purpose of Ihe church is the advancement of religion. The church is engaged in the propagation of the Christian faith and to spread the gospel ol 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 grovrth of the Chrislian religion in Moira and other such places as the trustees may decide and to licence and ordain pastors and ministers; to cary out the wotk of evangelism- to promote missionary work in all places: to carry on the OTganisalion of churches and foster their development and local sovereignty and independence. To stand possessed of premises fomiing part of the trust fund to allow same lo be used as a place for public worship to God and for preaching the gospel of our Lord Jesus Christ according to the principals and usages of the Church As a result of activity in the pursuit of Ihe advancement of the Christlan religion. the Church has custody of property and cords. materials and artefacls of significance lo the cultuial and religious heritage and maintenance of whioh is undertaken by the Iruslees of the Parish Structure, Governance and Management Structure The trustee5 are responsible for the day-to-day management of the Church. The board of trustees is chaired by Ihe pastor. Trustees are responsible for making decisions on matters of general concern and importance to the church. induding deciding how church funds a lo be applied. The trustees meet regularly throughoul the year. Special meelings may be ¢onvened al any lime by the chairperson or by any trustee. During the year. the Trustees met 6 times during the year and the average attendance was 900 Compllance with Public Benefjt The Church has considered the Charity Cornmission foi Norlhem Ireland's guidance on public benefit lo ensure that the activities entered into during Ihe year have helped lo achieve Ihe Parish's objectives and aclivilies. as well as providing public benefit. Governance The charity is controlled by its goveming document. a deed of Irust and constitules an unincorporated charity- The Church's operation and governance is defined by the Dedaration ofTrust document dated 29 July 1991. Recruitment and appointment of new trustses. Where appropriate. trustees a appointed following a selecfion Pr$$ undertaken by the existing truslees. The truslees will hold their positions until such times as they resign. retire or are removed. Truslee's records are updated on the charty commission website to represent these changes. Review of Activtties, Achievements and Perfornian¢e Purpose The principal function of the Church is to support the atjvancement of the Christian religion by promoling the work ol the Church the whole mission of the Gospel. pastoral, social and evangelical. All the fijnclions of the Chuich relate lo Ihe advancemenl of religion through holding regular worship and communicating and caring for worshipers of all ages especially the sick. elderly and others in our community-
Moira Pentecostal Church TRUSTEES, REPORT for the financial year ended 31 March 2024 Public Benefit The charity tnjstees have complied wth their duties in line wilh the Commission's Public Benefit stalulory guidance. Regular worship and 8¢hing out into the community a5 well as other activities. both social and fundraising have been carried out throughout the year lo fulfill our statement of public benefit. The premises are regUlaY used by various organisations and local community enterprises. Financial Review Going Concern The trustees have reviewed the financial position of the church and are satisfied that there are adequate fijnds in place to ensure the Parish can continue its acltvities and the financial statements for the year ended 31 March 2023 can be signed off as a going COnM Income During Ihe year, freewill offerings and gift aid recoveries have resulted in the total unrestricted income remaining consistent with the prior year Restricted fund income has increased by £15.746 followtng a decrease ni 2023 of £58.394. This increase is in some ways matched by the increase in eXpendriu below. Expenditure The expenses ofraising funds have increased by £43.668 P023, decrease of£40.723) and as in prior years. the largest element of costs remain employment costs and the support of the missions. Results Al the end of the finanaal year the charrty has assets of £735.138 (2023 - £724.578) and liabiltties of £18.715 (2023 - £16,380). The net assets of the charity have increased by £8.225. Reserves Position and Policy 11 is the policy of the church that unreslricled funds. which have not been designed for a specific use. should be maintained al a level equivalent to between six and nine months expenditu_ The trustees consider that such reserves ensure that. in the event of a significant drop in income. they will be able to continue the church's aclniities while onsideralion is given to ways in which additional funds may be raised. The level of reseNes has been maintained throughout the year. Approved by the Board of Trustees on 7 August 2024 and signed on its behalf by". S Goudy Trustee C Bl¢)omfield Trustee
Moira Pentecostal Church STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2024 The trustees are responsible for preparrng the finanaal statements in accordance with applicable law and regulations. The law applicable lo charities in Northem Ireland requires the Irustees to prepare financial statements foreach financial year which give a true and fair view of the assets. liabilities and financial position of Ihe charity as al the financial year end date and of the surplus or deficit of the charity and otherwise comply wilh the Charities Act (Northern Ireland) 2008. In preparing these financial slalements. the trustees are required to.. select suitable accounting policies and apply Ihem consistently- observe the melhods and principles in the Charilies SORP make judgements and accounting estimates Ihal are reasonable and pnjdenl.. slate whether the financial slalements have been prepared in accordance with applicable accounting standards. identify those standards. and note the effect and the reasons for any malerial departure from those standards,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume Ihal the charity will Continue in operation. The trustees confirm Ihal they have complied with the atM)ve requirements in preparing the financial statements. The Iruslees are responsible for keeping adequate accounting records Ihal are sufficient to show and explain the charity's transactions and disdose with reasonable accuracy al any time the financial position of the charity and enable Ihem to ensure that the financial statements comply wth the Charities Act {Northem Ireland) 2008. They are also responsible for safeguarding the assels of the charity and hence for tsking reasonable slep5 for the prevention and detection of fraud and other irregularities. Approved by the Board of TTUStees on 7 August 2024 and signed on its behalf by: S Goudy Trustee C Bloomfield Trustee
Moira Pentecostsl Church INDEPENDENT EXAMINER'S REPORTTO THE BOARD OF TRUSTEES OF MOIRA PENTECOSTAL CHURCH I have examined the financial statements of the charity for the finanaal year ended 31 March 2024. which comprise the Statement of Financial AclivilTes. the Balance Sheet. the Accounting Policies and the Felated notes. Respective responsibilities of trustees and examiner The charity's Iruslees are responsible forlhe preparation of thefinan¢ial statemen15 in accordance with the requirements of the Charities Act (Northern Ireland) 2008. The charitls Iwstees consider that an audit is not required lor this financial year under the Charities Act (Northem Ireland) 2(MJ8 and that arb indepertdent examination is required. It is my responsibility to.. examine the financial statements under section 65 of Ihe Charities Act.. follow the procedures laid down by the general Directions given by the Charity Commission for Northem Ireland under section 6519){b) of the Charities Act., and slate whether particular matters have come to my attention. Basis of independent examinerfs report I have examined your chaiity financial statements as required under section 65 of the Charitie5 Act and my examination was carried out in accordance with the general Directions given by the Charty Commission for Northem Ireland under section 65(9llbl of the Charttses Act. An examination includes a review of the accounting records kept by the charity and a compari50n of the financial statements presented with those records. It also includes consideration ofany unusual items or disclosures in the financial statements and seeking explanations from the trustees cOnrnIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'true and fairf view and the report is limited lo those matters sel out in the ststemenl below. In connection with my examination. no matter has come lo my attention which gives me cause lo believe that in. any material respect.. accounting records were not kept in accordance wilh section 63 01 the Chartties Act the financial statements do not accord with those accounting records the financial statements do nol compty with Ihe accounting requirements of the Act there is further information needed for a proper understanding of the a¢¢ounts to be reached. Independent examinerfs statement I have no concerns and have come across no other matteT5 in connectton with the examination lo which attention should be drawn in this report in older lo enable a proper understanding of the financial 5tatemenls to be reached. John Mccleary FCA Mccleary & Company Ltd Chartered Accountants GaNey Studios 14 Longstone Street LISBURN Co Anlrim BT28 1TP Date: 7 August 2024
Moira Pentecostal Church STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 March 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Resliicted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Incoming Resources Volunlary Income Activities for generaling funds Inveslmenls 178.381 154,198 111.782 332,579 111,782 182.454 135.189 115.040 317,643 115.040 2.536 6,070 8.606 620 6.075 6,695 Total incoming resources 180,917 272,050 452,967 183,074 256,304 439.378 Resources Expended Raising fijnds Other expenditure 151,759 4.233 287,597 1,153 439.356 5,386 138,888 (1.306) 260,085 3.407 398,973 2.101 Total Resources Expended 155,992 288,750 444,742 137,582 263,492 401.074 Net incomingloutgoing resources befo transfers 24,925 (16,700) 8,225 45,492 {7,188} 38.304 Gross transfer5 between funds {12,000) 12,01)0 (9.9081 9.908 Net movement in funds for the financial year 12.925 (4,700) 8,225 35.584 2.720 38,304 Reconciliation of funds: Total funds beginning ol the year 14 619.737 88.461 708,198 584.153 85.741 669,894 Total funds at the end of the year 632.662 83.761 716,423 619.737 88.461 708,198 The Slalemenl of Financial Aclivilies includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pag8$ 1110 14 frjrm part ofthe financkil statements
Moira Pentecostal Church BALANCE SHEET as al 31 March 2024 2024 2023 Notss Fixed Assets Tangible assets 291.7n 303,494 Current Assets Debtors Cash at bank and in hand 74,094 369,267 77,538 343.546 443.361 421,084 Creditors: Amounts falling due within one year Net Current Assets {18.7151 (16.380) 424,646 404.704 Totsl Assets less Current Liabilities 716.423 708,198 Funds Restricted trust funds General fund (unrestricted) 83,761 632,662 88,461 619.737 Total funds 14 716,423 708,198 Approved by the Board of Trustees and authorised for issue on 7 August 2024 and signed on its behalf by S Goudy Trustee C Bloomfield Trustee C4lllk The rte5 on pages 11 to 14 IDnn part ofthe financial statements
Moira Pentecostal Church ACCOUNTING POLICIES for Ihe financial year ended 31 March 2024 Basis of preparation The financial slalemenis of the charity, whr(*] is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP(FRS102) 'Accounling and Reporting ty Charities.. Statement ol Recommended Practice applicable tr) charities pparIng their accounts in accordance with Financial Reporting Standards applicable In the UK and Republic of Ireland (FRS102) {effective 1 January 2019), Financial Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland ' and the Charities Act { Northern Irelalld) 2008. The Financial statements have been prepared under the histovica cost convention. Restricted funds Reslricled funds present irmme recerved wlN¢h can only be used for particular purposes. as specified by Ihe donors. Such purposes are wilhin the overall objectives of the charity. Unrestricted designated funds Unrestricted funds General funds represent amounts which are expendable at the discretion of the board, in furtherance of the obje¢lives of the charity. Incoming Resources Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally enlilled to the Incorne. performance conditions attached to Ihe item{s) of income have been mel, the amounts involved can be measured with sufficient reliability and it is probable that the income will be re¢eived by the charity. Resources Expended Expenditure is analysed betsveen costs of charitable actsvilies and raising funds. The costs of each activity are separately accumulated and disclosed. and analysed according lo their major components. Expenditure Is recognised when a legal or conslTuclive obligation exists as a result of a past event. a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured_ Support costs are those functions that assist the work of the charity bul cannot be attributed lo one acb"vity. Such costs are allocated to activibes in proports'on to staff time spent or other suitable measure for each activity. Tangible fixed assets and depreciation Tangible fixed assets are staled at cost or at valuation, less accumulated depreciation. The charge to depreciation 15 calculated to write off the original Cost orvaluation of tangible fixed assets. less their estimated residual value. over their expected useful lives as follows. Land and buildings freehold Fixtures, fittings and equipment Motor vehides 20 /0 on reducing balance 15/0 on reducing balance 25¢k on reducing balance Taxation The charity is exempt from lax on its charitable aclivitres 10
Moira Pentecostal Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 Marth 2024 GENERAL INFORMATION Moira Pentecostal Church is an unincorporated charity in Northem Ireland. The principal address of Ihe charity is 73 Main Street, Moira. Co Armagh. BT67 OLH. The financial statements have been presented in Pound 1£) which is also the fun¢lional currency of the charity. INCOME DONATIONS AND LEGACIES Unrestrtcted Restricted Funds Funds 2024 2023 Donations and legacies 178,381 154,198 332,579 317.643 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2024 2023 Charity Shop Income 111,782 111,782 115.040 INVESTMENTS Unrestricted Restricted Funds Funds 2024 2023 Invesiments 2.536 6.070 8.606 6,695 EXPENDITURE RAISING FUNDS DI¢t Costs Other Costs Support Costs 2024 2023 Raising funds 431,731 7,625 439,356 398,973 OTHER EXPENDITURE Direct Costs Other Costs Support Costs 2024 2023 Other expenditure 577 4,809 5.386 2.101 SUPPORT COSTS Other Expenditure 2024 2023 Support 4,809 4,809 1,502 ANALYSIS OF SUPPORT COSTS 2024 2023 Accountancy 4.809 1,502 NET INCOMING RESOURCES 2024 2023 Net Incoming Resources are stated after chargingllcrediting): Depreciation of tangible assets (Surplus) on disposal of langible fred assets 11,727 14.1021 14,229 11
continued Moira Pentecostal Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 INVESTMENT AND OTHER INCOME 2024 2023 Rent receivable- other income Bank interest Other interest 6,000 1,973 633 6.000 695 8.606 6,695 INTEREST PAYABLE AND SIMILAR CHARGES 2024 2023 On bank loans and overdrafts 577 599 EMPLOYEES AND REMUNERATION Number of employees The average number of persons empbyed (In¢ding executive Itustees) during the financial year was as follows.. 2024 Number 2023 Number Administration The staff costs (Inclustve of trustees, salaries) comprise: 2024 2023 Wages and salaries Pension cost5 108,322 992 74,476 855 109,314 75.331 TANGIBLE FIXED ASSETS Land and Fixtures, buildings ffttings and freehold equipment Motor vehicles Total Cost At 1 April 2023 Additions Disposals 229.132 213,161 1.9J8 16,894 459,187 1,908 (6.000) (6.0001 At 31 Marth 2024 229.132 215,069 10,894 455,095 Depreciation At 1 April 2023 Charge for the financial year On disposals 1.478 142,665 10,861 11,550 862 (4.102) 155,693 11,727 (4.102) At 31 March 2024 1.482 153,526 8,310 163.318 Net book value At 31 March 21724 227,650 61,543 2,584 291,777 At 31 March 2023 227,654 70.496 5,344 303.494 12
Moira Pentecostal Church continued NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 10. DEB TORS 2024 2023 Other debtors Prepayments and accrued intsjme 72,846 1,248 74.840 2,698 74.094 77,538 11. CREDITORS Amounts falling due within one year Taxation and social secutity costs (Note 12) Other creditors 2024 2023 9,104 9.611 9,536 6,844 1B,715 16.380 12. TAXATION AND SOCIAL SECURITY 2024 2023 Creditors: PAYE I NI 9.104 9.536 13. RESERVES Funds Total Surplus for the financial year 8,225 8,225 At the end of the year 8,225 708,198 716,423 1•L FUNDS 14.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 April 2022 Movement during the financial year At 31 March 2023 Movemenl during the financaal year At 31 March 2024 584,153 35,584 85.741 2.720 669,894 38.31J4 619.737 12,925 88,461 (4,700) 708,198 8,225 632,662 83,761 716,423 14.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2023 Income Expenditure Transfers betsween funds Balance 31 March 2024 Restricted funds Helping Hands Unrestricted funds Unre5tricled General 88,461 272.050 288.750 12.000 83,761 619.737 180,917 155.992 (12.000) 632,662 Total funds 708.198 452,967 444,742 716.423 13
continued Moira Pentecostal Church NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 14.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charity use Current assets Current liabilities Total Reslricled trust funds 59.384 31.701 (7,324) 83,761 Unrestricted general funds 232,393 411.660 {11.3911 632,662 291,777 443.361 (18.715) 716.423 15. TRUSTEES. REMUNERATION 2024 2023 Expenses Remuneration (including retirement gtft) 438 3,213 20,395 75,000 75,438 23,608 14
MOIRA PENTECOSTAL CHURCH SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 15
Moira Pentecostal Church SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Slalement for the financial year ended 31 March 2024 2024 2023 Income Donations Gifts Unrestricted grants Charity shop income 312,579 20,000 290,049 26,994 600 115.040 111,782 444,361 432,683 Cost of generating funds Wages and salartes Depreciation Staff pension scheme costs Light, heal and power Rates Insurance Losses on disposal of tangibles (other than investments) 33.322 11,727 992 5,930 7.539 1,511 {4,102) 50.868 14,229 855 5,028 6.884 1,873 56,919 79,737 Gross surplus 387,442 3S2,946 Expenses Tnjslees. salaries Trustees, expenses Cleaning Repairs and maintenance Printing, postage and stationery Telephone Computer costs Travelling and entertainment Accountancy Church speakers and outreach Children and youth work General expenses Subscriptions Charitable donations 75.000 438 1.097 2,353 854 509 1,383 5.009 4,809 3,438 5,097 2,724 609 283,926 20.395 3,213 1.454 3,964 706 672 1.691 2.796 1.502 1,800 2,236 5.908 614 273,787 387,246 320,738 Finance Bank interest paid 577 599 Miscellaneous income Rent receivable- other income Other interest Bank interest 6,000 633 1,973 6,000 695 8,606 6.695 Netsurplus 8,225 38,304 The supplementary informalron does not fom part of the finaniia] statements 16