Charity Number: 103352 Joshua Project World Ministries Annual Report and Unaudited Financial Ststements for the financial year ended 31 March 2024 Mccleary & Company Ltd Chartered Accountsnts Garvey Studios 14 Longstone Street Lisburn Co Antrim BT28 1TP
Joshua Project World Ministries CONTENTS Page Trustees, and Other Information Trustees, Report statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-12 Supplementary Information relating to the Financial Statements 14
Joshua Project World Ministries TRUSTEES, AND OTHER INFORMATION Trustees Andrew McKnight Roberta McKnighl Jayne Agnew Colin Mccullagh Freya Gilmore Charity Number in Northern Ireland 103352 Princlpal Address 73 Iniscarn Park Lisburn Co Antrim BT28 2BL Independent Examiner John Mccleary FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co Anlrim BT28 1TP
Joshua Project World Ministries TRUSTEES, REPORT for the financial year ended 31 March 2024 The trustees present their Trustees, Report and the unaudited financial statements for the financÉal year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Stalement of Recommended Practice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Mission, Objectives and Strategy Objectives 1. Shipments of supplies We received over 450 boxes of supplies from various counlries into Romania that were sorted and delivered throughout the country and into Ukraine. 2. Ukraine A total of 14 vans full were taken over the border to the Ukraine. going to either Ihe children's hospital or the church in Kiev. 3. Day Center and Dental Clinic The day center continues to reach beeen 15 and 20 people per day. Lots of new faces each month show up with dental problems to receive free care and much, much more. We have a lot of families or just mothers with their kids coming each day, as many as 10 kids al time where we do crafts and games wilh them to build relationships and share Christ. We have been able to provide 20 meals a day 3 days a week for those who come. 4. Home visits Many with HIV become outcasts in their communities so home visits are really special. we try to visit a few families each week to encourage and pray with them. 5. Hospital visits As those we work with become sick, we have the opportunity to spend many hours al the hospital ministering to their needs, everything from food. dothes, toilelries elc. but most of all someone to listen and pray with Iransfomis lives. 6. Camps and Elderly home We had one team come and do a camp and elderly home ministry. We had almost 60 people for camp including 12 children where we studied Jonah. As always God really moved. and souls were saved. We also stopped at our elderly home where we care for 45 elderly or handicapped people. The team prayed over many in their rooms and sang chorus as we moved around the facility. 7. Autumn sorting and ministry team We had 1 team come in November to help sort all the supplies for the Christmas outreaches. This year we were able to sort and distribute 17.000 Christmas gift bags and have them delivered by the end of January. 8. Christmas dinner We provided dinner for 45 people this year to celebrate Christmas. Meeting together to enjoy a meal is always a blessed time to fellowship and maybe forget the hardships of the past year and look towards a better future with Christ. 9. Christmas food hampers Each year we receive Ihe fijnds to provide food hampers for the poorest of families in the villages we work in. 200 hampers were paid for and delivered, these hold enough food for a few weeks to help in the coldest months of the year. Delivering the hampers always gives us a great opening to share the love of God to "the least of these" during the winter months. Financial Review The resulls for the financial year are sel oul on page 8 and additional notes are provided showing income and expenditure in greater detail. Results At the end of the financ¢al year the charity has assets of £12,434 (2023 - £6.878) and liabilities of £2,038 (2023 £447). The net assets of the charity have increased by £3,965. In accordance with the Constitution. the trustees retire by rotation and, being eligible. offer themselves for re•election.
Joshua Project World Ministries TRUSTEES, REPORT for the financial year ended 31 March 2024 Approved by the Board of Trustses on 29 August 2024 and signed on its behalf by: Andrew McKnight Trustee Roberta McKnight Trustee
Joshua Project World Ministries STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2024 The trustees are responsible for preparing the financial statement5 in accordan with applicable law and regulations. The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as at the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act (Northern Ireland) 2008. In preparing these financial statements, the trustees are required lo.. select suitable accounting policies and apply Ihem consistently.. observe the methods and principles in the Charities SORP make judgements and accounting estimates that are reasonable and prudent., state whether the financial statements have been prepared in accordance with applicable accounting standards, idenlify those standards, and note the effect and the reasons for any material departure from those standards,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees confimi that they have complied with the above requirements in preparing the financial statements. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transaclions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charilies Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularilies. Approved by the Board of Trustees on 29 August 2024 and signed on its behalf by: rew McKnight Trustee Roberta McKnight Trustee
Joshua Project World Ministries INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF JOSHUA PROJECT WORLD MINISTRIES I have examined the financial statements of the charity for the financial year ended 31 March 2024, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. This report is made solely to the charity's members, as a body, in accordance with the Charities Act (Northern Ireland) 2008. My work has been undertaken so that I might compile the financial statements that I have been engaged to compile, report lo the Board of Trustees that I have done so, and stale those matters that I have agreed to slate to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for my work, or for this report. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial slatements in accordance with the requirements of the Charities Act {Northern Ireland) 2008. The charity's trustees consider that an audit is not required for this financial year under the Charities Act (Northern Ireland) 2008 and Ihat an independent examination is required. It is my responsibility to-. examine the financial statements under section 65 of the Charilies Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(bl of the Charities Acl-, and state whether particular matters have come to my attention. Basis of Independent examiner's report I have examined your charity financial statements as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65{9)(b) of the Charities Act. An examinalion includes a review of the accounting records kept by the charity and a comparison of the financial statements presented wilh those records. 11 also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the truslees conceming any such matters. The prOdureS undertaken do not provide all Ihe evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'lrue and fair, view and the report is limited lo those matters set out in the statement below. In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 63 of the Charities Act the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance with the 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 (FRS102) there is further information needed for a proper understanding of the accounts to be reached. Independent exarniner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of Ihe financial statements to be reached. John Mccleary FCA MCCLEARY & COMPANY LTD Chartered Accountants Gatvey Studios 14 Longstone Street Lisburn Co Antrim BT28 1TP Date: 29 August 2024
Joshua Project World Ministries STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 March 2024 Restricted Funds 2024 Total Restricted Funds Funds 2024 2023 Total Funds 2023 Notes Income Donations and legacies Other income 24,869 271 24,869 271 16,758 14 16,758 14 Total income 25,140 25,140 16,772 16,772 Expenditure Charitable activities Other expenditure 17,863 3,312 17,863 3,312 22.139 600 22.139 600 Total Expendlture 21,175 21,175 22,739 22,739 Net incomel(expenditure) 3.965 3.965 (5,96n (5,967) Transfers between funds Net movement in funds for the financial year Reconciliation of funds: Total funds beginning of the year 3,965 3,965 {5.967) (5.967) 10 6.431 6.431 12,398 12,398 Total funds at the end of the year 10,396 10.396 6,431 6,431 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 1010 12 form part of the finanual slalements
Joshua Project World Ministries BALANCE SHEET as at 31 March 2024 2024 2023 Notes Current Assets Cash al bank and in hand 12.434 6,878 Creditors: Amounts falling due within one year (2.038) (447) Net Current Assets 10,396 6,431 Totsl Assets less Current Liabilities 10,396 6,431 Funds Restricted trust funds 10,396 6,431 Total funds 10 10,396 6,431 Approved by the Board of Trustees and authorised for issue on 29 August 2024 and signed on its behalf by Andrew McKnight Trustee Roberta McKnight Trustee The notes on pages 10 to 12 form part of the financial statements
Joshua Project World Ministries NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMATION Joshua Project World Ministries is an unincorporated charity in Northern Ireland. The principle address of the charily is 73 Iniscarn Park, Lisburn, BT28 2BL. The financial statements have been presented in Pound {£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial slatemenls. Basis of preparatlon The financial stalemenls have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Stalemenl of Recommended Practice (SORP) ' Accounting and Reporting by Charities preparing their accounts in accordan wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Statement of compliance The financial statements of the charity for the financial year ended 31 March 2024 have been prepared on the going concem basis and in accordance with the Statement of Recommended Practice (SORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Fund accounting The following are the categories of funds maintained.. Restricted funds Reslricled funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objecttves of the charity. Unrestricted funds Unrestricted funds consist of General and Designated funds. General fvnds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity. Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion lo apply the fund. Income Income is recognised by inclusion in the Stalement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item{s) of income have been mel, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity. Expenditure Expenditure is analysed belween costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed. and analysed according to their major components. Expenditu is recognised when a legal or conslruclive obligation exists as a result of a past event, a transfer of economic benefits 15 required in settlement and the amount of the obligation can be reliably measured. Support costs are Ihose function5 that assist the work of the charity but cannot be attributed lo one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxation and deferred taxation No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. 10
continued Joshua Project World Ministries NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2024 2023 Donations and legacies 24,869 24,869 16,758 OTHER INCOME Unrestricted Restricted Funds Funds 2024 2023 Other income 271 271 14 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs other Costs Support Costs 2024 2023 Expenditure on charitable activities 17,863 17.863 22,139 OTHER EXPENDITURE Direct Costs Other Costs Support Costs 2024 2023 Other expenditure 838 2,474 3,312 600 SUPPORT COSTS Other Expenditure 2024 2023 Support 2.474 2,474 600 ANALYSIS OF SUPPORT COSTS 2024 2023 Accountancy 2,474 600 INVESTMENT AND OTHER INCOME 2024 2023 Bank interest 271 14 EMPLOYEES AND REMUNERATION The staff costs comprise: 2024 2023 Wages and salaries Pension costs 11.800 137 12,000 137 11.937 12.137 11
continued Joshua Project World Ministries NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 CREDITORS Amounts falling due within one year 2024 2023 Accruals and deferred income 2,038 447 RESERVES Funds Total Surplusl{Deficit) for the financial year 3,965 3,965 At the end of the year 3.965 6,431 10.396 10. FUNDS 10.1 RECONCILIATION OF MOVEMENT IN FUNDS Restricted Funds Total Funds At 1 April 2022 Movement during the financial year 12,398 (5.967) 12.398 (5,967} At 31 March 2023 Movement during the financial year 6,431 3,965 6,431 3,965 At 31 March 2024 10,396 10,396 10.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2023 Income Expenditure Transfers between funds Balance 31 March 2024 Restricted funds Ministry Funds Total funds 6.431 6.431 25,140 25,140 21.175 21,175 10.396 10,396 10.3 ANALYSIS OF NET ASSETS BY FUND Current assets Current liabilities Total Restricted trust fvnds 12.434 (2,0381 10.396 12,434 {2,038) 10.396 POST-BALANCE SHEET EVENTS There have been no significant events affecling the Charity since the financial year-end. 12
JOSHUA PROJECT WORLD MINISTRIES SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 13
Joshua Project World Ministries SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 March 2024 2024 2023 Income 24,869 16,758 Expenses Wages and salaries Staff pension costs Overseas Travelling Accountancy General expenses 11,800 137 5,926 2,474 838 12,000 137 10,002 600 21,175 22,739 Miscellaneous income Bank interest 271 14 Net surplusl{deficit) 3,965 (5,967) The supplementary information does not form part of the financial statements 14