Charity number: NIC103328 Company number: N1617921 Jireh Ministries Ltd (A company limited by guarantee) Directors, report and unaudited fancial statements for the year ended 31 Mareh 2024
Jireh Ministries Ltd (A Company limited by guarantee) Contents Page Legal and administrative inforniation Trustees, report Independent examiners, report Statement of financial activities Statement of Financial Position Notes to the financial statements 8-10
Jireh Ministries Ltd (A company limited by guarantee) Legal and administrative inforniation ChArity number NIC103328 Company registratioll number N1617921 Business address 30 Breezemount Hamiltonsbawn Co.Annagh BT619SB Registered office 30 Breezemount Hamiltonsbawn Co.Annagh BT619SB Trnstees Stephen Andrews George MacGregor Pr¢mdan Majhi Secretary Lisa Majhi Aecountsnts S.D. Brovm & Company Carnegie building 25-27 Edward Street Portadown Co Arnmgh BT62 3NE Bankers Santander Page I
Jireh Ministries Ltd (A company limited by guarantee) Report of the trustees (incorporatiDg the directors, report) for the year ended 31 March 2024 The trustees present their report and the fllmncial sLqtements for the year ended 31 March 2024. The trustee5, 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 Teport are set out on page l. Structure? governance and management The company is con5tithed by it's Memorandum and Articles of Associatii)n, and limited by Guarantee, having no Share Capital. Only persons who subscribe to the objects expressed in the Memorandum of Association of the Cornpany, and appointed by the company in a General Meeting can be admitted &$ Directors. RISKS The Executive Committee has conducted its own review of the major risks to which the 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 pects of the company, procedwes for authorisation of all transactions and projects have been implemented. Objectives and activities The objectives and activities of the company are to provide prdyerful, practcial and financial support to help people throughout the world in the following ways . Advancement of the Christian Religion, Relief of Povety, Education, Health Promotion, Support the People with Addiction Problems and any other Support to People in Need Achievements and perforn)ance Many individuals and their families who have been experiencing significant difficulties have received praye1, 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 churches will continue at a rate that will allow the company to sustain and develop the ministry of Jireh Ministries Ltd. Financial review The results of the company for the year are detailed on 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 OD 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 eDded 31 March 2024 Statement of tru5tees' responsibilities The tteeS (who are also directors of Jireh Ministries Ltd for the puoSe of company law) are responsible for preparing the Trustees, Annu81 Report and the fmancial Statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the tnjstees to prepare fmancial statements foT each financial year which give a te 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 financial statements, the trustees ate required to: select suitsble accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent" state whether applicable UK AccountlDg Standards have been followed, subjert to any material departures disclosed and explained in the financial statements" and prepare tbe financial statements on the going concern basis unless it is inappropriate to presume that the charitsble company will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the fmancial 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 prevention and detection of fraud and other ]egUlaTItie5. Small company provisions This report has been prepared in acconlance with the provisions applicable to ¢ompanies subject to the small companies, regime. On behal£of the board Stephen AndTews Director 6 December 2024 Page 3
Jireh Ministries Ltd (A company limated by guarantee) Independent examiner's report to the trustees on the unaudlted fmancial statements of Jireh Ministries Ltd. I report on the accounts of Jireh Ministries Ltd for the year ended 31 March 2024 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 satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibilty to". l) examine the accounts under section 65 of the Charities A 2) follow the procedures laid down ID the general Direction5 given by the Charity Commission for Nortbern Ireland under section 65(9)(b) of the Charities Act 3) state whether particular matters have come to tny attention. Basis of independent examiner's statement I have examined your chartty a¢¢ounts as required under section 65 of the Charities Act and my clminatiOn was caTTied 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 cbarity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity ttustees 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 those 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 inforniation needed for a proper understandino 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 Irelanlt I have found no matters that require drawing to your attention. Independent examiner S.D. Brown for and on behalf of S.D. Brown & Company. Ch2rtered Certified Accountants Carnegie Building 25-27 Edward Street Portadown Co. Armagh BT62 3NE 6 December 2024 Page 4
Jireh Ministries Ltd (A company limited by guarantee) Statement of fmancial activities (ineorporating the income and expenditure account) For the year ended 31 March 2024 Unrestricted funds 2024 Total 2023 Total Notes Incoming resources Incoming resources from generating funds: Voluntary income 11,738 11,738 8,390 Total incoming resources 11,738 11,738 8,390 Resources expended Establishment costs Other office expenses 7,260 176 7,260 176 7,056 143 Total resources expended 7,436 7,436 7,199 Net incomingl(outgoing) resources for the year I Net incomel(expense) for tbe year 4,302 4,302 1,191 Total fiu)ds brought forward 2.229 2,229 1,038 Total fund5 carried forward 6,531 6.531 2,229 The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losse5 has not been prepared. All of the above amounts relate to continuing activities. The note5 on pages 8 to 10 form an ivtegral part of these fiD8ncial statements. Page S
Jireh Ministries Ltd (A company limited by guarantee) Statement of Financial Position as at 31 March 2024 2024 2023 Not Current assets Debtors Cash at bank and in hand 1,570 5,000 1,832 436 6,570 2,268 Creditors.. amounts falling due within one year (39) (39) Net cllrrent assets 6,531 2,229 Net assets 6,531 2,229 Funds Ullrestricted income fimds 6,531 2,229 Total funds 6,531 2,229 The Balance Sheet continues on the following page. The notes on pages 8 to 10 form an integral part of these financial statements. Page 6
Jireh Ministries Ltd (A company limited by guarantee) Balance sheet (continued) Trustees stateD]ents required by the Companies Act 2006 for the year ended 31 March 2024 In approving these flljancial statements as trustees of the company we hereby confirn] 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 wÉth section 476. (c) the directors acknowledge their respons7bilities for complying with the requirements of the Act with respect to accounting records and the prepardtion of accounts. (d) these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The fmancial statements were approved by the board on 6 December 2024 and signed on its behalf by Stephen Andreivs Director The llot on pages 8 to 10 form an integral part of these financial statements. Page 7
Jireh Ministries Ltd (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Accounting policie5 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 accoullting The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charkties 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Jireh Ministries Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.2. Cashflow The charity has taken advantage of the exemption in Financial 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 Generdl funds are unrestricted funds which are available for use at he discretion of the trusfres in furtherance of the general objectives of the charity and which have not been designated for other purposes. 1.4. Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the illcome and the amount can be quantified with reasonable accuracy. The following specific policÈes are applRed to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities wheTL receivable. Grants where entitlement is not conditional on the delivery of a specific peTforn)ance 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 resourtts within activities for generating fimds when they are sold. 1.5. Resources expended Expenditure is Tecognised oll an accrual basis &s a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expendItiC to which it relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and service5 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 limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Voluntary ineome Unrestricted funds 2024 Total 2023 Total Donations Gift Aid Rebate 10,600 1.138 10,600 1,138 6,950 1,440 11,738 11,738 8,390 Employees Employment costs No salaTies or wages have been paid to employees, including the truste¢s, during the year. TaLqtion The charity's activities fall within the exemptions afforded by the provisions of the Income and Colporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts. Debtors 2024 2023 Gift Aid 1,570 1,832 Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 39 39 Analysis of net assets bettveen funds Unrestrieted funds Total funds Fund balances at 31 Mah 2024 as represented by: Current assels Current liabilities 6,570 (39) 6,570 (39) 6,531 6,531 Page 9
Jireh Ministries Ltd (A company limited by guarantee) Notes to financial staten)ellts for the year ended 31 March 2024 Unrestricted funds At At 31 March 2024 l April Incoming Outgoing 2023 resources resources Unrestricted Funds 2229 11,738 (7,436) 6,531 Capital Commitments The Company had no capital conllniknents at the balance sheet date 10. Related party transactions There were no related party transactions during the year. 11. Controlling interest The controlling paty of the company is considered to be the Board of Tntstees. 12. Company limited by guarantee Jireh Ministries Ltd is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contril)ute such amount as may be required not exceeding £1 to the assets of the charitable 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 rnember. Page 10
Jireh Ministries Ltd (A company limited by guarantee) The following pages do not form part of the statutory accounts.
Jireh Ministries Ltd (A eompany limited by guarantee) Detailed statement of financial activities For the year ended 31 March 2024 2024 2023 Incoming resources Incoming resources from generating funds: Voluntary income Donations Gift Aid Rebate 10,600 1,138 6,950 1,440 11,738 8,390 Total incoming resources froRn generating funds 11,738 8,390 Total incoming resources 11,738 8,390 Resources expended Costs of generating funds: Fundraising trading: Cost of goods sold and other costs Page 12
Jireh Ministries Ltd (A company limited by guarantee) Detailed statement of financial activities For the year ended 31 March 2024 2024 2023 Charitable activities Activity I Aclivities undertoken directly Workers Support Mission Supplies 6,140 1.120 6,075 981 7,260 7,056 Activity I totsl expenditure 7,260 7,056 Total chAritable activity expenditsre Governance costs Activilies tlnderlaken directly Stationery & Advertising Office expenses - Other Bank Fees 7,260 7,056 40 13 90 26 150 176 143 Totsl governance costs 176 143 Net incomingl(outgoing) resources for the year 4,302 1.191 Page 13