COMPANY REGISTRATION NUMBER: N1027226 CHARITY REGISTRATION NUMBER: NIC103275 Reach The Unreached Ministries Limited Company Limited by Guarantee Financial Statements 31 August 2022
Reach The Unreached Ministries Limited Company Limited by Guarantee Financial Statements Year ended 31 August 2022 Page Trustees, annual report (incorporating the directorfs report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not forni part of the financial statements Detailed statement of financial activities 15 Notes to the detailed statement of financial activities 16
Reach The Unreached Ministries Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 August 2022 The trustees, who are also the dirertors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2022. Reference and administrative details Registered charity name Reach The Unreached Ministries Limited Charity registration number NIC103275 Company registration number .N1027226 Principal office and registered 2 Belair Park office Newtownards Co Down BT23 4UX The trustees Mrs A Gunning Mr R Gunning Company secretary Mrs A Gunning Independent examiner E Mulholland on behatf of Johnston Graham Limited 2161218 Holywood Road Belfast BT4 1PD structure, governance and management The organisation is a charitable company limited by guarantee and incorporated on 15th February 1993. The company was established under a Memorandum and Articles of Association which established the objects and powers of the charitable company and is govemed by those Articles. In the event of the company being wound up, members are required to contribute an amount not exceeding £1. Reach the Unreached Ministries Limited is in compliance with legal and other govemance obligations. The company was formally granted charitable status by the Northern Ireland Charities Commission on 2nd July 2015.
Reach The Unreached Ministries Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 August 2022 Objectives and activities The objectives of the charitable company are: - to spread the Christian gospel to areas of the worfd where it has not yet reached - the establishment of new churches in areas of wortd where there were previously no church - the support. training and equipping of churches and church workers in such areas Local people in these areas benefit from having access to a local church and the pastoral care, counsel and advice of a trained pastor and national pastors are provided with support as they estsblish new churches. In setting objectives and planning our activities for the year. the trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the aclivities have helped achieve the Charity's purposes and provide a benefit to the beneficiaries. Achievements and perforniance The organisation operales through campaigns and conferences held in towns where outreaches have not been held previously and has also established a netwoth for campaign evangelists. To date the charity has provided support to over 200 national pastors through: providing financial support to national pastors who establish new churches helping pastors to construct new churches supplying gospel literature to national pastors in our target areas equipping national pastors with bicycles for transport conducting training seminars for pastors. Financial review The company has continued lo be supported by donations and reiVed total income of £92,144, resulting in a deficit for the year of £3,964 all of which related to unrestricted funds. While a fund deficit of £378 remained at 31 Au9USt 2022 further surpluses are anticipated in year ended 31 August 2023 and the directors continue to support the company by way of loans as it becomes ne$Sary.
Reach The Unreached Ministries Limited Cornpany Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (eonllnu•dJ Year ended 31 August 2022 Responslbilities of the trustees The trustees (who a also the directors of Reach The Unreached Ministries Limiled for th6 Purposes of company lawl are responsible for preparing the Trustees Annual Report and the flnancial statements in accordance wth applicable law and regulations. Company law requires the trustees to prepare financial statemenls for each financial year. Under that law the tnjstees have elected to prepare the financial statements In accordance with Unlled Kingdom Generally Accepted Accounting Pracllce (United langdom Accounting Standards and appllcable lawl. Under company law the trustees must not approve the financial statements'unless they are satisfied that they give a true and fair view of the slate of affaits of Ihe charitabte company and Ihe income and expenditure of the charitable company for that pwiod. In pparIng ihese financial statements, the Injslees are required to: select suitable accounting policies and Ihen apply them consistenty: . observe the methods and principles tn the Charities SORP. . make judgements and accounting estimates that are reasonable and prudent" stste whether applicable UK Accountlng Standards have been lollowed, subjecl to any matedal departures disclosed and explained in the financial statements; prepare the financial Statements on Ihe going concern basis unless it is inappropriats b presume that the ¢harilable cothpany will continue in operation. The trustees are responsibl8 for keeping ad8qU8te accounting records that are 8ufficlent to show and explain the charitable CoMpanS Iransactions and disclose wlth reason8ble a¢wracy at any tlme the financlal position of the charitsble company and enable thern to ensure that the financlal stslements comply with Ihe Companles Act 2006. They are also respon5bi le for safeguarding the assets of the charitsble company and hence for taking reasonable steps for the prevention and d8lection of fraud and other Irregularlties. Small company provlslons This report has been prepared In ac¢ordance with tho provislons applicabte to ccwnpanles entllled lo the small companies exemption. The tfUStees' annual report was approved on 5 June 2023 and signed on behalf of the board of trustees by: Mr R Gunnlng Trust&8
Reach The Unreached Ministries Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Reach The Unreached Ministries Limited Year ended 31 August 2022 I report to the trustees on my examination of the financial ststements of Reach The Unreached Ministries Limited ('the charity'l for the year ended 31 August 2022. Responsibilities and basis of report As the trustees of the company {and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 ('the 2006 Act')- You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respert of my examination of the charivs financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northem Ireland under section 6519}(b) of the 2008 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect= accounting records were nol kept in respect of the charity as required by section 386 of the 2006 Act; or the financial statements do not accord with those records. or the financial statements do not comply wilh the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination- or the financial ststements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. E Mulholland On behalf of Johnston Graham Limited Independent Examiner 2161218 Holywood Road Belfast BT41PD
Reach The Unreached Ministries Limited Company Limited by Guarantee Statement of Financial Activities {including income and expenditure account) Year ended 31 August 2022 2022 Reslricted funds Total funds Total funds 2021 Unrestricted funds Note Income and endowments Donations and legacies Investment income Other income 82,596 4,020 86.616 68,404 5,523 5.523 3,990 Total income 88,124 4,020 92,144 72,403 Expenditure Expenditure on charstable activities Total expenditure 92,091 4,020 96,111 87,290 92,091 4.020 96,111 87,290 Net expenditure and net movement in funds (3.967) (3,967) (14.887) Reconciliation of funds Total funds brought forward Total funds carried forward 3,589 3,589 {3781 18,476 (378) 3,589 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activilies. The notes on pages 7 to 13 forni part of these financial statements.
Reach The Unreached Ministries Limited Company Limited by Guarantee Statement of Financial Position 31 August 2022 2022 2021 Nolg Flxed assets Tangible fixed assets 14 216 288 Current assets Debtors Cash at bank and in hand 15 813 1,197 812 4.949 2,010 5.761 Credltors: amounts falllng due wlthln one year Net Current liabilities 16 2,604 2.460 3,301 3,589 3,589 (5941 1378) (378) Total assets le$s current liabllities NEt Ilabllitlés Funds of the charity Unrestri¢ted funds (378) 13781 3.589 Total ¢harlty funds 17 3,589 For the year ending 31 August 2022 the charity was entitled to exemption from audit under s6Ction 477 of the Companies Act 2006 relating to small companies. Directots, responsibilitie5; ThB Members have nol required the company lo obtaln an audit of ils financial slatements for the year In question In accordance with secllon 476: The directOTS acknowledge their responsibilities for Complg with the requirements of the A with spect to accounting records and the preparaiion of financial statements. These finala1 statements have been prepared in accordance with the provisions applicable to companie5 subject to the small companies. regime. These financial statements were approved by the board of trustees and aulhorised for issue on 5 June 2023. and are signed on behalf of the board by: Mr R Gunning Trustee Thg notes on pag•$ 7 to 13 forni part of Ihose financlal Slatemen
Reach The Unreached Ministries Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 August 2022 General information The charity is a public benefit entity and a private ¢ompany limtted by guarantee. registered in Northern Ireland and a registered charity in Northem Ireland. The address of the registered office is 2 Belair Park. Newtownards, Co Down. BT23 4UX. Statement of compliance These financial statements have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended .Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of rtain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The company showed a deficit for year ended 31 August 2022 of £3,967. The directors anticipate surplus in the 2022123 year and they also continue to support the company by way of loans as it becomes necessary. On this basis, the directors believe thal it is appropriate to continue to prepare the financial statements on a going concern basis. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstsnces. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarf(ed by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the temis of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Reach The Unreached Ministries Limited Company Limited by Guarantee Notes to the Financial Statements (continu8d) Year ended 31 August 2022 Accounting policies (contlnued) Incoming resources All incoming resources are included in the ststement of financial activities when entitlement has passed to the charity- it is probable that the ewnomic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when reIpt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and seNices are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case it may be regarded as restricted. Resources expended Expenditure 15 recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the govemance of the charity apportioned lo charttable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of tts expenditure on chariiable aclivtties. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost. and subsequently ststed at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Reach The Unreached Ministries Limited Company Limited by Guarantee Notes to the Financial Statements {continu•d) Year ended 31 August 2022 Accounting policies (wntinued) Tangible assets {continu•d) An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carying amount of an asset as a resull of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows= Fixtures, fittings and equipfflent 250/0 reducing balan Impaimient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating untt is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impaimient testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a paty lo the ¢ontra¢tual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the aangernent constitutes a financing Iransaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Cuent assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Limited by guarantee The company is limited by guarantee and has no authorised or issued share capital.
Reach The Unreached Ministries Limited Company Limited by Guarantee Notes to the Financial Statements (eonlirtu8d) Year ended 31 August 2022 Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2022 Donations Donations 82,596 4.020 86,616 Unrestricted Funds Restricted Total Funds Funds 2021 Donations Donations 60,198 8,206 68.404 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Bank interest received other income Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Tax refund Other income 3,879 1,644 3,879 3.990 3,990 5.523 5,523 3.990 3,990 Expenditure on charitable adivities by fund type Unrestricted Funds Restricted Total Funds Funds 2022 Charitsble activities 92,091 4,020 96,111 Unrestricted Funds Restricted Totsl Funds Funds 2021 Charitable activities 79,084 8,206 87.290 Expenditure on charitable activlties by activity type Activities undertaken Total funds directly 2022 Total fund 2021 Charitable activities 96,111 96,111 87,290 10
Reach The Unreached Ministries Limited Company Limited by Guarantee Notes to the Financial Statements (Contlnued) Year ended 31 August 2022 10. Net expenditure Net expenditure is stated after chargingl{crediting}- 2022 2021 Depreciation of tsngible fixed assets Loss on disposal of heritage assets 72 905 96 2,555 11. Independent examination fees 2022 2021 Fees payable to the independent examiner for: Independent examination of the financial statements 600 1.080 12. Staff costs The average head count of employees during the year was 3 (2021: 3). The average number of employees during the year is analysed as follows.. 2022 No. 2021 Number ofstsff No employee received employee benefits of more than £60.000 during the year (2021: Nil). 13. Trustee remuneration and expenses No remuneration or other benefits from employment wtth the charity or a related entity were reiVed by the trustees. in respect of their role as trustees. Remuneration was however paid in resped of services received through employment and included in note 12 to these financial statements. 14. Tangible fixed assets Fixtures and fittings Total Cost At 1 September 2021 and 31 August 2022 Depreciation At 1 September 2021 Charge for the year At 31 August 2022 Carrying amount At 31 August 2022 At 31 August 2021 10.191 10,191 9.903 72 9,903 72 9,975 9,975 216 216 288 288 11
Reach The Unreached Ministries Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuedJ Year ended 31 August 2022 15. Debtors 2022 2021 Other debtors 813 812 16. Creditors: amounts falling due within one year 2022 2021 Accruals and deferred income Diredor loan accounts 1.950 654 1.806 654 2,604 2.460 17. Analysis of charitable funds Unrestricted funds At 1 September 2021 At 31 August 20 Income Expenditure Unrestricted fund 3,589 88,124 {92,091 } (378) At 1 September 2020 At 31 August 20 21 Income Expenditure Unrestrirted fijnd 18.476 64,197 (79,0841 3,589 Restricted funds At 1 September 2021 At 31 August 20 22 Income Expenditure Restricted Fund 4,020 {4.020) At 1 September 2020 At 31 August 20 21 Income Expenditure Restricted Fund 8.206 {8.2061 12-
Reach The Unreached Ministries Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 August 2022 18. Analysis ot net assets between funds Unrestricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net liabilities 216 2,010 (2.604) {378) 216 2,010 (2,604) (378) Unrestricted Total Funds Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Net liabilities 288 5,761 (2.4611 3.588 288 5.761 (2,461) 3.588