Charity Number: 103352 Joshua Project World Ministries Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2025
Joshua Project World Ministries CONTENTS Page Trustees, and Other Information Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report ststement of Financial Aclivities Balance Sheet 10 Notes to the Financial Statements Supplementary Information relating to the Financial Slatements 15
Joshua Project World Ministries TRUSTEES. AND OTHER INFORMATION Trustees Andrew M¢Knight Roberta McKnight Jayne Agnew Colin Mccullagh Freya Gilmore Charity Number in Northern Ireland 103352 Principal Address 73 Iniscarn Park Lisburn Co Antrim BT28 2BL Independent Examiner Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Co Antrim BT28 1TP
Joshua Project World Ministries TRUSTEES. REPORT for the financial year ended 31 March 2025 The trustees present their Trustees, Report and the unaudited financial slalements for the financial year ended 31 March 2025. The Iruslees have adopted the provisions of 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 1021 leffeclive 1 January 20191. Mission. Objectives and Strategy Objectives Dear Precious JP Friends. Starting 2025 has been a time to reflect over the Lord's goodnessl He has been $0 visible over these past months. IN the face of such suffering, especially in these precious lives with HIVIAIDS, we have witnessed God's grace transform so many lives. All who come lo us hear the Gospel message and are presented with the choice lo either repent and be saved or to refuse the Gospel be lost. Watching their faces as they come lo realise that Christ died for them is the greatest gift any of us could have this side of glory. One of our young guys, who grew up through the orphanage system. Caudiu has been with us for a while at the day centre and attending camps, he has heard the message many times bul always seemed indifferent and could never get past what scars religion and priests had left on him. Over the Christmas period after he received a Christmas Bag with the Gospel tract inside, he messaged us to say he was really struggling with his sin. A sure sign of the Holy Spirit working in his life. He would write for hours with questions about how lo repent, how to turn from sin and how lo hear God's voice. Truly a work of God's grace in 8 young guy like Claudiu's life. Please pray for him as he has many years of trauma and pain to work through, but we know God is more than able to set the captives free. Praise the Lord!!! Camp 2024 was the biggest turnout we have ever had. Over 70 children and families came away with us and had an amazing time hearing the Word of God preached each day., With times of worship and prayer, and not lo mention the many private conversations that took place during our game times and meals. Many lives were transformed by Gods love and the sense of family that was so evident as we spent days together on the banks of the Danube. Christmas gift bags and Food Hampers was a glorious limel We want lo thank each one of you who has prayed for us, supported us, come and served with us, sent food. clothing, shoes. toys, candy. medicine, snacks. toiletries, and so much more over these last 25 years and especially these past 12 months. We are eternally grateful for all the precious door openers you send so that we can walk into these broken and desperate lives with Christ's hope and love. Nothing holds the door open like prayer and a littie something that says Jesus loves you from so far away. Thank you with all our hearts for helping us reach the least of these! This year God provided over 18,000 gift bags and food hampers that reached children and families in the sickest, poorest and most lonely parts of Romania. Ukraine, our elderly home and the children and families infected with HIVIAIDS. Thank you and please keep praying for each life to receive the precious gospel of Jesus Christ! God is calling out the next generation to take a stand for Christ. One of our young men, Bogdan, who was infected with HIV as a very lilue boy, raised in a broken home with an alcoholic father and rejected by society fell called to attend bible school in Timisoara. After finishing high school last year. He felt he was ready for this next chapter of his life lo begin in Obedien to the Lord. We have known and ministered to Bogdan for many years now and are so excited lo see what the Lord will do in the future. Here is a short message from Bogdan below. "I want to thank you for being by my side and supporting me on my journey to know God and to learn how to speak about Him to others. I try to be an example. to share His Word with the world. and lo be a light to those around me. It's not always easy, but with God. all things are possible. Thank you for supporting me in going and staying in Timisoara for my studies. Thank you for your help. BrieY, here's how I came to wanl to attend this school.. God spoke to rne and said, "You will be a pastor, and you will speak to the world. I will use you to bTtng light to the lost, just as you once were.. At first. I didn't believe it and didn't expect il because I didn't see anything valuable in myself. bul God saw it, even from the beginning. I came lo speak in front of people. set aside all fear. and let God use me for a greater plan. for His glory. Thank you for your support of the Joshua Project. Bogdan" Now, more than ever before. we need YOUR HELP. To increa59 our Feeding Programs and Day Center minislTTes, we need an additional £4000 a month. That 1$ 40 people or groups to give £100 a month. This additional support will open doors to share Jesus with rnany more government officials, school children and teachers. sick children and families in hospitals, and the poorest of children and farnilies throughout Romania. What a HUGE opportunity. WE can't and don't want to do this without you, precious friends. Will you help us feed and care for all the JP children in desperate need? Can you Help us? If you would like to be a part of this HUGE opportunity for the gospel of Jesus Christ. please send any donation amount lo support the work of the Joshua Project. Please make the check out lo.. Joshua Project World Minlstries Every single donation, no matter the amount is life changing for children and families with HIVIAIDS in Romania. Nothing is too small! If you need more infomialion, please message us at Joshua 1kids@yahoo.com or on WhalsApp al 01140724688614. We Ireasure ou and your pra ers!
Joshua Project World Ministries TRUSTEES. REPORT for the financial year ended 31 March 2025 Blessings and much Love from Romania. Andrew and Tresha (for all of the Children and Families at the JPI Achievements.. 1. Shipments of supplies Shipments were received from the USA and Northern Ireland over the last six months. The supplies were used for the Christmas bags dislributed to families in need. 2. Ukraine support The Joshua Project is working with another ministry from Romania, who are building children's homes in the Ukraine. for children orphaned by the war. The Joshua Project has supplied food. medical supplies and clothing. 3. Resita Day Centre and dental Clinic The day centre continues lo be a place of refuge for adults and children suffering from the effects of HIV and AIDS. The centre provides practical and spiritual support and for many individuals is the only positive interaction they have in a week. 4. Home visits The team continue to visit famS1ies in need in their own homes. They bring supplies of food and clothing. The visits provide encouragement and open the door to share God's love through practical help and prayer. 5. Hospital visits The team visit those receiving treatment in the infeelious diseases hospitals in the region. They meet the physical needs of patients who have been abandoned by family. friends and society. Spending lime with Ihese patients speaks to them of God's love more than anything else and gives the team the opportunity to share the gospel with them. 6. Teams Two teams came to Romania in the past year. A Canadian team held the largest camp the ministry has h051ed. Eighty people attended. One of the team members is an author and her latest book release on the names of God was the theme ofthe camp. A Texan team visited in December lo sort. pack and distribute the Christmas bags and hampers. They were able to minister lo a forgollen mining community who live in poverty in the mountains. They also ministered in the day centre and care home for older people 7. Christmas dinner Dinner was provided for 45 people. 11 was a time of good food, fvn and fellowship and was an amazing close lo the year allowing those who attended to forget about their struggles for a few hours and celebrate the birth of Jesus. 8. Christmas food hampers Over 200 food hampers were delivered along with firewood to the poorest families the team minister to. g. Salary increase The committee agreed to increase Andrew's salary to £1200 per month from 1st April 2025, provided ministy funds are sufficient to Ver the increase. Financial Review The results for the financial year are set out on page 9 and additional notes are provided showing income and expenditure in gater detail. Results and Dividends At the end of the financial year the charity has a55ets of £17,136 12024 - £12,434) and liabilities of £1.72512024 £2.038). The net assets of the Charity have increased by £5,015. In accordance with the Conslitulion. the trustees retire by rotation and, being eligible. offer themselves for re-election. Compliance with Sector-wlde Leglslatlon and Stsndards The charity engages pro-actively with legislation, standards and codes which are developed for the seGtor. Joshua Project World Ministries subscribes to and is compliant with the following.. The Charities SORP IFRS 1021
Joshua Project World Ministries TRUSTEES. REPORT lor the financial year ended 31 March 2025 Approved by the Board of Trustees on 19 August 2025 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 2025 The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations. The law applicable to charities in Northem Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of Ihe assets, liabilities and financial position of the charity as at the financial year end dale 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 to- select suitable accounting policies and apply them 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. identify 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 lo presume th81 the charity will continue in operation. The trustees confirm that they have complied with the above requirements in preparing the financial statements. The trustees 8re responsible for keeping adequate accounting records that are sufficient lo show and explain the charivs transactions 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 Charities Act (Northem 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 irregu18rities. Approved by the Board of Trustees on 19 August 2025 and signed on its behalf by: MLI* An rew McKnight Trustee erta Trustee eKnight
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 2025, which comprise the Statement of Financial Activities. the Balance Sheet and the lated notes. This report is made solely lo the chartly's members, as a body, in accordance with the Charities Act (Northern Ireland) 2008. My work has been undertaken so that I might compSle the financial slalements that I have been engaged to compile, report lo the Board of Trustees that I have done so, and slate those matters that I have agreed to stale to them in this report and for no other purpose. To the fullest exlenl permitt8d by law. I do not accept or assume responsibility to anyone olher than the charity and the charity's members, as a body. for my work. or for this report. Respective responsibilities of trustees and examlner The charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charitie5 Act (Northern Ireland) 2008. The charity's trustees consider that an audit is not required for this financial year under the Charities Act (Northem Ireland) 2008 and that an independent examination is required. It is my responsibility lo.. examine the financial statements under section 65 of the Charities Act.. follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65i9iibl of the Charities Act., and slate whether particular matters have come to my attention. Basis of independent examineT'S report I have examined your charity financial slalemenls 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 Northern Ireland under section 65{9)Ibl of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial staternenls presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The prOdureS undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair. view and the report is limited to those matters set out in the slalement below. In connection with my examination, no matter has come to my attention which gives me c8use 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 acwrd with those accounting records the financial statements have not been prepared in accordance with the Slalement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 there is further information needed for a proper understanding of the accounts lo be reached. Independent examiner's 5tstement 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 lo enable a proper understanding of the financial slalements to be reached. Elizabeth Chambers FCA MCCLEARY & COMPANY LTD Chartered Accountants Garvey Studios 14 Longstone Street Co Antrim BT28 1TP Date: 19 August 2025
Joshua Project World Ministries STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 March 2025 Restricted Funds 2025 Total Restricted Funds Funds 2025 2024 Total Funds 2024 Notes Income Donations and legacies Other income 25,941 302 25.941 302 24.869 271 24,869 271 Total income 26,243 26.243 25,140 25,140 Expendlture Charilable activities Other expenditure 19,173 2,055 19.173 2,055 17.863 3,312 17,863 3.312 Total Expenditure 21.228 21.228 21,175 21,175 Net Incomel{expenditurel 5,015 5,015 3,965 3,965 Transfers between funds Net movement In funds forthe financial year 5.015 5,015 3,965 3,965 Reconclliation of funds: Total funds beginning of the year 10 10,396 10,396 6,431 6,431 Total funds at the end of the year 15,411 15.411 10,396 10.396 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 71 to ?3 form part of the financlal statements
Joshua Project World Ministries BALANCE SHEET as al 31 March 2025 2025 2024 Notes Current Assets Debtors Cash at bank and in hand 3,282 13.854 12,434 17,136 12,434 Creditors: Amounts falling due within one year 11.725) {2,0381 Net Current Assets 15,411 10.396 Total As$et$ le$$ Current Liabilities 15.411 10,396 Funds Restricted trust funds 15,411 10,396 Total funds 10 15,411 10.396 Approved by the Board of Trustees and authorised for issue on 19 August 2025 and signed on its behalf by drew McKnight Trustee erta McKnight Trustee The notes on pages 11 to 13 form part of the financial stalernenls 10
Joshua Project World Ministries NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 GENERAL INFORMATION Joshua Project World Ministries is an unincorporated charity in Northern Ireland. The principle address of the charity is 73 Iniscarn Park, Lisburn, BT28 2BL. The financial slalements have been presented in Pound l£} 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 lo the charity s financial statements. Basis of preparation The financial statements 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 Statement of Recommended Practice ISORPI "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.. Statement of compliance The financial ststements of the charity for the financial year ended 31 March 2024 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice ISORPI "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 calegorSes of funds mainlained: Restricted funds Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity. Unrestricted funds Unrestricted funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of Ihe board, in furtheran of the objectives of the charity. Designated funds comprise unrestricted funds that the board has. at ils discretion, set aside for particular purposes. These designation5 have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund. Income Income is recognised by inclusion in the Statement of Financial Activities only when the charily is legally entitled lo the income, performance conditions attached to the ilemlsl of income have been met. 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 bebNeen costs of charitable activities and raising ftjnds. The costs of each activity are separately accumulated and disclosed, and analysed according lo their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economi¢ benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are th05e functions that a551St the work of the charity bul cannot be allribuled to one aclivily. Such costs are allocated to activities in proportion lo staff lime spent or other suitable measure for each activity. Debtors Debtors are recognised at the seltlemenl amount due after any discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders. but not yet received al financial year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit al banks requiring less than three months notice of withdrawal. 11
continued Joshua Project World Ministries NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 Taxation and deferred taxation No current or deferred laxalion arises as the charity has been granted charitable exemption. Irrecoverable valued added lax is expensed as incurred. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2025 2024 Donations and legacies 25,941 25,941 24.869 OTHER INCOME Unrestricted Restrlcted Funds Funds 2025 2024 Other income 302 302 271 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2025 2024 Expenditure on charitable acliviles 19.173 19,173 17,863 OTHER EXPENDITURE Direct Costs other Costs Support Costs 2025 2024 Other expenditure 2,055 2,055 3.312 SUPPORT COSTS Other Expenditure 2025 2024 Accountancy 2.055 2,055 2,474 ANALYSIS OF SUPPORT COSTS Basis of Apportionrnent 2025 2024 Accountancy 100° 2,055 2.474 INVESTMENT AND OTHER INCOME 2025 2024 Bank interest 302 271 DEBTORS 2025 2024 Prepayments and accrued income 3,282 CREDITORS Amounts falling due withln one year 2025 2024 Accruals and deferred income 1.725 2.038 12
continued Joshua Project World Ministries NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2025 RESERVES Funds Total Surplus for the financial year 5,015 5,015 Al the end of the year 5,015 10,396 15,411 10. FUNDS 10.1 RECONCILIATION OF MOVEMENT IN FUNDS Restricted Funds Total Fund$ Al 1 April 2023 Movement during the financial year 6.431 3,965 6,431 3,965 At 31 March 2024 Movement during the financial year 10.396 5,015 10,396 5,015 At 31 March 2025 15,411 15.411 10.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2024 Income Expenditure Transfers between funds Balance 31 March 2025 Restricted funds Ministry Funds Total funds 10,396 10.396 26.243 26.243 21.228 21.228 15.411 15,411 10.3 ANALYSIS OF NET ASSETS BY FUND Current assets Current Ilabilities Total Restricted trust funds 17,136 {1,7251 15.411 17.136 {1.725) 15,411 11. TRUSTEES. REMUNERATION 2025 2024 Remuneration Including penslon contributions 10.945 11,937 12. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 13
JOSHUA PROJECT WORLD MINISTRIES SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025 14
Joshua Project World Ministries SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 March 2025 2025 2024 Incorne 25,941 24,869 Expenses Wages and salaries (including trustees, remuneralionl Directors'rtrustees, defined contribution pension costs Overseas Travelling Accountancy General expenses 10,800 145 8,228 2,055 11,800 137 5,926 2,474 838 21.228 21,175 Mlscellaneous Incomé Bank interest 302 271 Net surplus 5,015 3,965 The supplementary infomialion does not form part of the financial Statements 15