Charity number: NIC103328 Company number: N1617921 Jireb Ministries Ltd (A company ]imited by guarantee) Directors, report and unaudited financial statements for the year ended 31 Mareh 2023
Jireh MÉnistries Ltd (A Company limited by guarantee) Contents Page Legal and administrative inforniation Trustees, report Independent examiners, report Statement of fmancial activities Statement of Financial Position Notes to the fJnanciaI statements 8-10
Jireh Ministries Ltd (A company limited by guarantee) Legal and administrative infonnation Charity nuniber NtC103328 Company registration number N1617921 Business address 30 Breezemount Hamiltonsbawn Co.Arniagh BT619SB Registered office 30 Breezemount Hamiltonsbawn Co.Arniagh BT619SB Trustees Stepben ikndrews George MacGregor Premdan Majhi Secretary Lisa Majbi Accountants S.D. Brown & Company Carnegie building 25-27 Edward Street Portadown Co Annagh BT62 3NE Bankers Santander Page I
Jireh Ministries Ltd (A COEnpany limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2023 The trustees present their report and the financial statements for the year ended 31 March 2023. The ttustees, who are also directors of Jireh Ministries Ltd for the purposes of company law and who served during the year and up to the date of this report are set out on page l. Structure) governance and management The company is constitued by it's Memorandum and Articles of Association, and limited by Guarantee, having no Share Capital. Only persons who subscribe to the objects expressed in the Memorandum of Association of the Company, and appointed by the company in a General Meeting can be admitted as Directors. RISKS The Executive Committee has conducted its own review of the major risks to which th¢ company is exposed and systems have been established to mitigate those risks. In order to minimize internal risks and to ensure the consistent quality of delivery for all operational aspects of the company, procedures for authorisation of all transactions and projects have been implemented. Objectives and activities The objectives and activities of the company are to Provide prayerful, practcial and fll)ancial support to help people throughout the world in the following ways . Advancement of the Christian Religion, Relief of Povety, EducatÉon, Health Promotion, Support the People with Addiction Problem5 and any other Support to People in Need Achievements and perforniance Many individuals and their families who have been experiencing SIlficant difficulties have receKved prdyerful, practical and financial support at Jireh Ministries Ltd throughout the year. It is hoped that the income by way of donations from individuals. business and churche5 will continue at a rate that will allow the company to sustain and develop the ministy of Jireh Ministries Ltd. Finallcial review The results of tbe company for the year are detailed OD pages 5 to 10. Plans for future periods We pray for the continued support of all, who in the past have donated their money and time to this company. Funds held as custodian trustee on behalf of others No ndS are held as Custodian on behalf of others. Page 2
Jireh Ministries Ltd (A company limited by guarantee) Report of the trustees (incoryorating the directors, report) for the year ended 31 March 2023 Statement of trnstees, responsibilities The trustees (who are also directors of Jireh Ministrie5 Ltd for the purpose of company law) are responsible for preparing the Trustees, Annual Report and the fmancial statements in accordance with applicable law and United Kingdom Generally Accepted A¢unting Practice. Company law requires the trustees to prepare financial statements for each financial Ye which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these fanCial statements, the trustees are required to: select suitable accounting policies and then apply them consisteDtIy' observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent" state whether applicable UK Accounting Standards have been followe subject to any material departures disclosed and explained in the financial statements. and prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the charitsble company will continue in operation. The tnteeS are responsible for keeping Proper accounting iecords which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the fmancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the preveDtion and detection of fraud aDd other ]egUlaritieS. Small company provisions This report has been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. On behalf of the board Stephen Andrews Director 5 December 2023 Page 3
Jireh Ministries Ltd (A company limited by guarantee) Independent exaD]iner's report to the trustees on the unaudited financial statements of Jireh Ministries Ltd. I report on the accounts of Jireh Ministries Ltd for the year ended 31 March 2023 set out on pages 2 to 10. Respective responsibilities of trustees and independent examiner As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having sat15fied myself that the charity is not subject to audit under company law. and 15 eligibl¢ for independent Lxamination, it is my responsibilty to: l) examine the accounts under section 65 of the Charities Act 2) follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act 3) state whether particular matters have come to my attention. Basis of independent examiner's ststement I have examined your charity accounts as required under section 65 of the Charities Act and my examination was caTried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 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 recoriL8. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you &s charity tsvstees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: a) that accounting records were not kept in accordance with section 386 of the Companies Act 2006 b) that the accounts do not accord with tbose accounting records c) that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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 d) that there is further information needed for a proper understanding of the accounts to be reached Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (a) to (d) listed above and in connection with following the Directions of the Charity Commission for Northern IrelaniL I have found no matters that require drawing to yow attention. Independent eiaminer S.D. Brown for and on behalf of S.D. Brown & Company. Chartered Certified Accountsnts Carnegie Building 25-27 Edward Street Portadown Co. Arniagh BT62 3NE 5 December 2023 Page 4
Jireh Ministries Ltd (A company limited by guarantee) Statement of financial activities (incorporating the income and expenditure account) For the year ended 31 March 2023 Unrestricted funds 2023 Totsl 2022 Total Notes Incoming resources Incoming resources from generdting funds: Voluntary income 8,390 8,390 3,437 Total incoming resources 8,390 8,390 3,437 Resources expended Establishment costs Other office expenses 7,056 143 7,056 143 9,796 176 Total resources expended 7,199 7,199 9,972 Net incomingl{outgoing) resources for the year I Net Ancomel(expense) for the year 1,191 1,191 (6,535) Total fund5 brought forward 1,038 1,038 7,573 Total funds carried forward 2,229 2,229 1,038 The staternent of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses h&s not been prepared. All of the above amounts relate to continuing adivities. The notes on pages 8 to 10 form an integral PArt of tbese fmancial statements. Page 5
Jireh Ministries Ltd (A company limited by guarantee) Statement of Financial Position as at 31 March 2023 2023 2015 Notos Current assets Debtors Cash at bank and in hand 1,832 436 922 142 2,268 1,064 Creditors: amounts falling due Ivithin one year (39) (26) Net current assets 2229 1,038 Net assets 2,229 1,038 Funds Unrestricted income funds 2.229 1,038 Total fullds 2,229 1,038 The Balance Sheet continues on the following page. The notes on pag 8 to 10 form 2n integral part of these financial statements. Page 6
Jireh Ministries Ltd (A company limited by guarantee) Balance sheet (continued) Trustees statements required by the Companies Act 2006 for tbe year ended 31 March 2023 tn approving these financial statements as trustees of the company we hereby confirni that: (a) for the year the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. (b) the members have not required the company to obtain an audit of its accounts fior the year in question in accordance with section 476. (c) the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. (d) these accounts have been prepared in accordance with the provisions applicable to companies subject to the small cornpanies, regime. The fanCIal statements were approved by the board on 5 December 2023 and signed on its behalf by Stephen Andrews Director The note5 on pages 8 to 10 form an integral part of these financial statemen Page 7
Jireh Ministries Ltd (A company limited by guarantee) Notes to financial statements for the year ended 31 Mareh 2023 Accounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year. 1.1. Basis of accounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recomn)ended 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 2015) - (Charities SORP (FRS 102), the Financia] Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. JiTeh Ministries Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially reCOlSed at historical cost or Iransaction value unless otherwise stated in the relevant accounting policy. 1.2. Cashflow The charity has taken advantage of the exemption in Financia] Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), from the requirement to produce a cash flow statement on the grounds that it is a small charitable charity. 1.3. Fund accounting General fimds are unrestricted fimds which are available for use at he discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other pury)oses. 1.4. Incoming resources All incoming resources are included in the statement of fllW]cial activities when the ¢harAty is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifis and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific perforniance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating fimds when they are sold. 1.5. Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovere(L and is reported as part of the expenditure to which it relates. Charitable expenditure Comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page 8
Jireh Ministries Ltd (A company limAted by guarantee) Notes to financial statements for the year ended 31 March 2023 Voluntary illeome Unrestricted funds 2023 Total 2022 Total Donations Gift Aid Rebate 6,950 1,440 6.950 1,440 2,900 537 8,390 8,390 3,437 Employees Employment costs No salaries or wages have been paid to employees, including the trus*e4 during the year. Taxation The charity'5 activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly. there is Tho t&Kation charge in these accounts. Debtors 2023 2022 Gift Aid 1,832 922 Creditor5: amounts falling due within one year 2023 2022 AccTuals and deffflred income 39 26 Analysis of net assets behveen funds Unrestricted funds Total funds Fund balances at 31 March 2023 as represenfrd by: CuTTent assets Current liabilities 1,846 39 1,846 39 1.885 1,885 Page 9
Jireh Ministries Ltd (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2023 Unrestricted funds At At l April Incoming Outgoing 2022 resources resources 31 March 2023 Unrestricted Funds 1,038 8,390 (7,199) 2,229 Capital commitments The company had no capitaI commilments at the balance sheet date. 10. Related party transactions There were no related party transactions at th¢ balance sheet date. 11. Controlling interest The controlling party of the company is considered to be the Board of Tnees. 12. Company limited by guarantee Jireh Ministries Ltd is a company limited by guarantee and accordingly does not have a share Capllt. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charrtable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. Page 10
Jireh Ministries Ltd (A company limited by guarantee) The following pages do not forni part of the stakntory accounts.
Jireh Ministries Ltd (A company limited by guarantee) Detailed statement of fmancial activities For the year ended 31 March 2023 2023 2022 Incoming resources Incoming resources from generating funds: Voluntary income Donations Gift Aid Rebate 6,950 1,440 2,900 537 8,390 3,437 Total incoming resources from generatillg funds 8,390 3,437 TotaI incoming resources 8,390 3,437 Resources expended Costs of generatillg funds: Fundraising trading: cost of goods sold and other eosts Page 12
Jireh Ministries Ltd (A company limited by guarantee) Detailed statement of financial activities For the year ended 31 March 2023 2023 2022 Charitable activities Activity I Aclivities undertaken directly Workers Support Mission Supplies 6,075 981 7,174 2,622 7,056 9,796 Activity I total expenditure Total charitable activity expenditure Governance costs Activiti undertaken dire¢tly Ststionery & Advertising Office expenses - Other Bank Fees 7.056 9,796 7,056 9,796 40 13 90 59 27 90 143 176 Total governance costs 143 176 Net incomingl(outgoing) resources for tbe year 1,191 (6,535) Page 13