CHRISTIAN COMMUNICATIONS NETWORK {EUROPE) LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The twstees present their annual report and financial statements for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and "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 1 January 2019)" Objectives and activities The principle objective of the charity is to propagate the Christian gospel. This objective is achieved through the organisation of outreach events and through the publishing, production and dissemination of biblical literature and broadcast material. The Trustees have taken cognisance of the Charity Commission for Northem Ireland's guidance on public benefit as defined in the Charities Act (Northern Ireland) 2008. The public benefit requirements are met through the advancement of religion by advancing the Christian Gospel message locally and worldwide by the publication, production and dissemination of biblical literature, CDS, DVDS and broadcast material by sale or gift either singly or in association with other compatible bodies. The direct benefits which flow from the proclamation of the Christian gospel message of God's love and gra is to bring hope and salvation to the readers, listeners and viewers. These benefits are demonstrated through feedback and testimonies from seNice users and regular assessment of the materials, publication and broadcasts being provided. The charity's beneficiaries are the general public, locally and worldwide. We do not believe there are any hamis flowing from the purpose. In 2010 the charity focused on Belfast to reach, rescue and restore the hurting and broken society,. to be part of the collaborative effort to positively impact issues of moral decay, substance abuse, hunger, healthcare, homelessness and povety, violence and division in the city and beyond., and to contribute to honour the work already being undertaken to meet the physical. spiritual. and long-term needs of the people of Belfast in The Name of Jesus Christ. Achievements and performance During the year the charity continued to produ and publish biblical literature and broadcast material, and number of successful conferences and events were held. In 2020 CCN acquired a new facility which provides office, conference centre and television studio facilities. Financial review The charity's financial results are set out in detail on pages 5 to 18. The income of the charity is mainly from gifts and donations and during the year it relied on existing reserves to fvrther its charitable objectives. The results for the year show net expenditure of £92.643 (2022 - £89,989). The charity has no restricted funds. At 31 March 2023, the total funds of the charity amounted to £1,480.133 (2022 £1,572,776), which entirely represents unrestricted funds. The trustees consider that the charity should maintain free reserves at a level which is sufficient to cover overheads and administrative costs for a period of at least twelve months. At 31 March 2023 the charity had free reserves of £95,358 (2022 - £235,221).
CHRISTIAN COMMUNICATIONS NETWORK (EUROPE) LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Structure, govemance and management The charity was established under a Memorandum of Association which establishe(I the objects and powers of the company and is governed under its Artides of Association. Christian Communications Network {Europe) Limited is a charitable company limited by guarantee and does not have a shara capital. The charity is managed on a day-tiTrday basis by Dr C H Stewart. trustee. The Board of Trustees is responsible for recruiting and appointing new trustees. New Irustees are briefed on Iheif responsibilib'es when appointed and all necessary training is provided. The trustees have assessed the major risks to which the charity is exposed and have established syslems and procedures to manage those risks accordingly. The trustees, who are also the direclors for the purpose of company law. and who s8tved during the year and up lo the dale of signalure of Ihe financial stalomenls we= Dr C H St8wart Mrs E Slewart Mr P Stewart Dr H A Odeyinka (Deceased 24 November 20231 The trustees continue lo pursue opportunities to hold evangelical outreach events. In preparing this report. the directors have taken advantage of th8 small companies exemptions provided by section 415A of the Companies Act 2006. Charity Registration Number.. NIC103291 Company Regislration Number: N1031262 Dr C H Stewart Trustee