COIAPANY REGISTRATION NUMBER: N1629508 CHARITY REGISTrATION NUPABER: NIC102800 Exchange Church Belfast Company Llmlted by Guarantee Financial Statements 31 December 2019 Page Trustees, annual report (incorporating the direct(*s report> Independent examinerfs report to the trustees Statement of financial activities (induding income and expenditure account) Statement of financial position Notes to the financial statements The followlng pages do not forni part of the flnanclal statements Detailed statement of finanaal activities 14 Notes to the detailed statement of financial activities 15
Pagè 1 Exchange Church Belfast Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Directorfs Report) Year ended 31 December 2019 The Ifu$tees, who are also the directors for the purposes of MpanY 13w. present their report and the unaudrted financial slatemenl$ of Ihe charity for the year ended 31 December 2019. Rdèrèncè and ?dmlnSstratlve d•tall6 Regi5teTed charity nom• Exchange Church 8eWasl Charity rogl8tr*tion numbèr NIC102800 Cornpany reglstralSon numb•r N1629508 Principal office and rngi$ler¢d 179-187 Albertbridge Road ¢ffic• Belfasl BTS 4PS Th• trustws Dr P D Glasgow Mr P Jordan Mr A G Thomp50n A r ToogoDd (Relired l February 20201 Independent examiner Johnston Graham Limited 2161218 Holywood Road Belfast BT4 1PD Structure, governance and management GOVERNING DOCUMENT The organisalK)n is a chacrlable company limited by guarantee, incorporated on 19 February 2015. The company was established under a Memorandum of Association which eslablishe(I the obj'ec15 and powers of the charitable company and is governed by Ihese Articles In the event of the company being wound up. members are required lo contribute an amount not exeding £1. Exchange Church 8elfasl is in compliance with legal and other governance oblig•lion5 The company was formally gr8nled Charitable 51alu5 by the Nl Chanty Commission. its charity number being NIC102800 ORGANISATIONAL STRUCTURE & GUIDANCE Truslees, meetings are held regularly and deCis)n5 taken must either be a majority decision or in accordance with the Articles. The trustees may delegate 8ny of Ihe powers conferred on them under the Articles lo committees who must follow the proceduies sel out for them by the tsustee5.
Page 2 Exchange Church Belfast Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Reportl {conUnu•dJ Year ended 31 December 2019 Obleetlves and actlvitles The objectives of the Church are for the ljenefrt of the pUbl- lo encourage and resource oul¥each minjslry. Christn evangelism and leaching through the prcfftolion and development of appropriale structured projects and actNilies parb'cuL4rly through work with young people. childfen and community Pfojecls lo general provide the furthemnce of the Chnslian farth to improve and develop outreach ministry to resource the employment ol workeis involved in oulrea¢h ministry, Christian evangelism and teaching to encourage a heart for the promoters of the Christian faith and the relief of poverty WOTloknide In selling out the objectives for the church and planning 3cltvilies for the year, the Iruslees have gtven cafelul consideratk)n to the Charity Commission for Northern Iceland's guKSance on public benefil lo ensure that the activitiès have helped lo ach*ve the charity's purpose and provide a benefit lo the beneliciaries. stratogle r•port The following seclions for achievements and performance and financkil review form the slialeg port of the charity AthSev6ments and pèrtormance E¥c.hanqe C.hLiirh Bplfasl is a relativelv new orqanisatKTrn Services are run eaLh Sunday with full cieche and childien's facilities loi newborns to teenagers Enhanced Access Nl checks are undertaken tor all volunteers who apply lo work with our children and young people There 1$ also an inereaslng amount ol activities during the week with a lol of opportunities lor volunleers lo get Involv in all the different areas of church life. Financial The Church has continued lo be well supported by donBtions, grfts and various related activib'es during the year and showed a surplus of £14.981 bringing unrestricted funds to £63.189 at 31 December 2019. with a ck)sin9 bank position ol £58.477.
Pag¢ 3 Exchange Church Belfast Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2019 Plan6 for future periods The chucch will ntinue lo build on the successes to dale in the coming yeor by continuing lo encourage and resource oulreach ministry. Rosponsibilities of the Trusto•s The Iruslees Iwho are a150 the directors of Exchange Church Bellasl for the purposes of company Fawl are responsible for preparing the Trustees Annual Report and the financial stalemenls In accordance with applic8bbe law and regulalioii5. Company law iequires the Ifuslees lo prepare financial slalemenls lor each financial yea¥ Under that law the trustees have elected to prepare the financial statemenis in accordance with United lth"ngdom Generally Accepted Accounting PractKe (Uniled Kingdom Accounting Siandards and applicable law} Under company law the Iruslees musl not approve the linancial slalemenls unless they are satisfied that they give a true and fair view ol the slate ol affairs of the charitable company and the Income and expenditure of the tharitable company for Ihat period In prepanng these financial statements. the truslees are required lo.. select suitable accounting policies and then apply them consislenlty", )s¥rve Irb¥ rii¥lli(Ju¥ ¥iiu piitiuyl¥s iii til¢ Cli¢ll Ili¢s SORP, make judgements and accovnling eslimales that are reasonable and prudent, slate whelher applicable UK AccoLsnting Standards have been followed. subj'ect lo any material departures disclosed and explained in the Iinancial slatemenls, prepare the financial stalemenls on the qoinq concem basis unles5 il is in8pproprialp lo prp.8iJme Ihal Ihe charitable company will continue Iri opeialion. The Iruslees are reSwnSib foi keeping adequale 3c¢ounling recoids that are suth"cient to show and explain the chanlable company'5 Iian98¢1ions and disclose with reasonable accuracy ai any lime the financial position ol the charitable eompany and Ènablè them lo ensurè that the financial stalements comply with the Companies Act 20(. They are also responsible for safeguarding the assets of Ihe haritable Company and hence lor taking reasonable sleps loi the prevention and detection of Iraud and other Irregularities. Thc trustees, annual report and the Straleg report We approved on 21 September 2020 and sKJned on behalf ol the board ol Iruslees by,. MT P Jordan Trustee Mr A G Toogoc*J Trustee