Crown Jesus Mlnlstrle8 (A wmp•ny Ilmlt•d by guarnnt••, not havlng • •h•r• ¢•pll•ll STATEMENT OF FINANCIAL ACTIVITIES Ilrrtorporatlng *n In¢om• And Exp•ndlturn Acrounti for the financ481 year ended 31 July 2024 Unr•strlcled Re¥trl¢tod Funds Funds 2024 2024 Total Unrestrlcted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Not•• Ineom• Donalions and legacies Other irKome 378,185 18,499 98285 476,470 18,499 366.$04 14,032 105.779 472,283 14,032 Total Ir+corn• 396.684 98285 494,969 380,536 105.779 486,315 Expendltur• Charitat48 actsvitses 417,185 121,195 538,380 427.451 92.172 519.623 Net Incomel(expenditure) 120.501) (21910) (43.411) {46.915) 13.607 (33.308) Transfers between funds Net movement In funds for the financial year 120.501) {2I910) 143,411) (46.915) 13.607 133,308) Reconciliation of funds: Total funds LEginning of the year 14 400.285 111.435 511,720 447,2 97,828 545,028 Total funds at tho end of the year 379.784 88,525 468,309 400.285 111.435 511.720 The Statement of Financial Activities indudes all gains and losses CognIsed in the financial year. AJI income and expenditure relate to continuing activities. Th& not08 on page8 13 to 18 lomi part oltho financlg18talamanls 11
Crown Jesus Minlstrles (A ¢omp•ny Ilmlt•d by ouarnnt••, nol h•vlng • •hr• eapttll Cornp•ny Numb•r: N1040259 BALANCE SHEET as at 31 July 2024 2024 2023 Nol•• Flx•d As$•ts Tangible assels 308,325 313.835 Current Ass•ts Debtors Cash at bank and In hand 10 7,375 159,174 15.100 195.079 166,549 210.179 ¢f•dltors: Amounts falllng du• wlthln one year 11 {6,565) {12.294) N•t CuTr•nt Assets 159,984 197.885 Total Assets less Curr•nt LIabIll5 468,309 511,720 Funds Restricted funds General fund (unrestricted) 88,525 379,784 111.435 Total funds 14 468,309 511,720 These financial statements have been prepared in a¢¢ordan¢e WFth the special proMsnS relating to smafi tsjrnpanies thin Part 15 of the Companies Act 2006. For the financial year ended 31 July 2024 the charity was entitled to exemption from audit under secticffi 477 of the Companies Act 2006. and no rlIce has been deposited under Secti 476. The trustees confimi that the members have not rewired the company to obtsin an audit of its financial statements for the finanaal year in question in accordance ¥th sedion 476 of the Companies Act 2006. The trustees acthowledge their responsibilities for ensuring that the tharity keeps accounting records which cOmY with section 386 and for pparing financial statements whith give a true and fair wew of the state of affairs of the charity as at the end of the finartcial year and of 5ts profft and loss for the finandal year in accordance with the requirements of sections 394 and 395 and which otherwse comply Yth Ihe requirements of the Companies Act 2006 relating to financial statements, so far as appllcat4e to th8 tharity. pVed by tho Board of Trustses and authorised for issue on 18 F•brnary 2025 and slgned on Its behalf by wen Grlfflth KerF_. Trustso Nornian Alexander Adams Trustee Tho notes on page8 13 to 18 fomi part olthe flnanclal stsl8mbnls 12
Crown Jesus Mlnl8trle8 (A ¢ompany Ilmlt•d by guarnnl••, not havliig • •h#r• capltall NOTES TO THE FINANCIAL STATEMENTS for the financ6al year ended 31 July 2024 GENERAL INFORMAnoN Crown Jesus Minlstrles Is o comp8ny Ilmlted by gu8rantee In¢orporat8d In Northern Irèland. The rogistered office of the charity Is 7 Calvin Street, Bolfast, BT5 4NS whlch Is also tho prlnclpal place of business of the arity. The financial statemenls have been pre8ented In Pound {£) which Is also the functional curréncy of the chanty, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The followng accounting pollcles have been applled conslstently In deallng with items which ar8 considor8d material in relation to the charlty's financial statements. Basls of preparatlon The finanaal statements have been prepared on the golng Concern basis under the hlstorical cost convention, modified to Indude eertain Items al fair value. Th& financial statements have been prepared in accordance th the Statement of Recommended Practi ISORPI 'Accounting and Reporting by Charities preparing their ac¢ounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland FRS 102.. As pemiitted by the Companles Act 2006. the charity has varfed the standard fomiats in that act for the Statement of Financlal Activities and the Balance Sheet. Departures from the standard formats are to wmply with the requirements of the Charities SORP and are in compliance with section 4.7. 10.6 and 15.2 of that SORP. ststernent of compliance The financial statements of the charity for the flnancSal year ended 31 July 2024 have been prepar6d on the going concern basis and in accordan 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.. Cash flow statement The charity has availed of the exemplion in FRS 102 from the requirement to produce a cash flow statement because it is dassified as a small charity. Fund a¢¢ounting The following are the categories of funds malntslned: Restrl¢ted funds Restricted funds represent income received which can onty be used for particular purposes, as $pecifi8d by the donors. Such purposes are wilhln the overall objectives of the charity. Unrestrl¢ted funds Unrestricted fvnds consist of G8n8ral and Designated funds. General fund$ represent amounts whlch are expendable at the discrétion of the board. in furtheran of the objectives of the charity. Designated funds ¢ompris8 unrestricted funds that the b)ard has, at its discrellon, set aslde for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fvnd. Income Inme is recognlsed by inclL¢sion in the Statement of Financial Actlvities only when the charity is legally entitled to the income, performanc6 conditions attached to the item{s) of income hav6 been met, the amounts involved bé measured wllh sufficlenl rellablllty and 11 Is probable that the in¢om6 will be received by the charity. Income from charltable actlvltlos InrA)me from tharitable acllvllles Include Income eamed from tho supply of services under contractual arrangements and from performance related grants whlch have ¢ondillons Ihat specify the provision of particular servlces to be provided by the charity. Incom6 from government and other ccpfunders is recognised when the charlly 1$ legally enlllled to the Income because It Is fulfilllng the condlllons contalned In the rglated funding agreements. 13
ntinued Crown Jesus Mlnlstrles IA Company Ilmlt•d by quarant••, nol ha9 • •hArn ¢apltall NOTES TO THE FINANCIAL STATEMENTS for the finandal year ended 31 July 2024 Exp•ndltur• E>4)enditurÈ Is analysed ttWeen costs of charflable 8Ctlvllleg and ralslng fvnds. The costs of 6a¢h activity ara sep8ratety accumulated and disdosed. and analysed accordlng lo thelr major components. Expenditure is reo)gnised en a legal or wnstruclive obllgallon exlsts a5 a resum of a past event. a transfer of orthomic benefits is required In settlement and the amount of tho oblNJation can b8 reliably measured. Support costs are those lunclions that assist the work of the Charlty but cannot be attributed to one activity. Suth costs arg all¢)cated to aclimlies In proportion lo stsff Ilme spent or other suitable measure lor each activity. Tanglbh flxed assets and doprnclatlon Tangible fixed assets are staled at cost or at valuallon. less accumulated depreciation. The charge to deprecialion is calculated to write off tho original cost or Valuaon of tsngle fixed assets, less tsir estimated resKlual value. over their expected useful lives as follows: Land and buildings freehold Fixtures, fittings and equipment Motor vehides Compukr and sbjdio equipmenl 2% Straight line 20°A Reducing Balance 20Yo Reducing Balance 20% Straighl line Cash at bank and In hand Cash al bank and in hand comprise$ cash on deKx)sit at banks requiring less than three months notice of thdrawal. Taxatlon and deferred Luatlon No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incued. Pensions The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Annual contributions payable to the charitys pension scheme are tharged to the income and expenditure account in the peritsy to vA)ich they relate INCOME DONAnoNS AND LEGACIES Unrestrlcted Restrlcted Fund$ Fund$ 2024 2023 Income from churches. trusts and projects Donations from individuais Grft aid School of Evangelism & A(2demy 253,447 93.867 24.333 6,538 253.447 192,152 24.333 6,538 314,793 130,140 23,502 3.848 98.285 378,185 98,285 476,470 472,283 32 OTHER INCOME Unrestrlcted Restrlcted Funds Funds 2024 2023 Miscellaneous Fundraising 8,046 10,453 8.046 10.453 11,920 2.112 18,499 18,499 14.032 EXPENDITURE CHARITABLE ACTIVITIES Dlroct Cost• Other Costs Support Cosls 2024 2023 Expenditure on charltable activit06 534,160 4,220 538.380 519,623 14
Crown Jesus Mlnlstrles (A ¢ompany Ilmlt•d by guar•nte•, not ha)Ang a shar• copltsll rA)ntinued NOTES TO THE FINANCIAL STATEMENTS for the finanaal year ended 31 July 2024 2 SUPPORT COSTS Charftablo A¢tlvltle$ 2024 2023 Bank tharges A(tountan¢y and legal fees 774 3,446 774 3,446 495 2,690 4,220 4220 3.185 ANALYSIS OF SUPPORT COSTS Basls of Apportlonménl 2024 2023 Bank charges Accountancy and legal fees Full Full 774 3,446 495 2,690 4,220 3,185 NET INCOME 2024 2023 Net Incomo is stated after chargingllcredltlngl: Depreciation of tangible assets 24,010 25,187 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed (including executlve trustees) durlng the financlal year was as follows: 2024 Number 2023 Number CharilatrAe actlvllles 15 15 The staff costs comprise: 2024 2023 Wages and salaries Social security Costs Pension Gosts 305,174 19,025 8,470 298,500 18.187 8,474 332,669 325,161 No employees r1Ved emoluments In excess of £60,000. EMPLOYEE BENEFITS Stsff health insurance costs durlng the year to 31 July 2024 tolalled £3,046, (2023 £1,975). 15
¢tinu•d Crown Jesus Mlnlstrle8 (A eompany Ilmlt•d by guarant••, not hIn9 • •h•r• upllall NOTES TO THE FINANCIAL STATEMENTS for the financ6al year ended 31 Juty 2024 TANGIBLE FIXED ASSErs Land and Flxlure5, bulldlngs flttlngs and fr••hold •qulpment Motor vehlcles Computer and studlo •qulpmonl Total Cost At 1 August 2023 Additions 294.120 44,860 26,840 18,500 81,061 446.881 18,500 At 31 Juty 2024 294,120 45.340 81.061 465,381 Depreclatlon At 1 August 2023 Charge for th8 finanaal year 37.732 5.882 41.304 711 17,864 2.104 36.146 15.313 133,046 24.010 At 31 July 2024 43.614 42,015 19.968 51.459 157.056 Net l)ook value At 31 Juty 2024 250,506 2,845 25,372 29,602 308,325 At 31 July 2023 256.388 3.556 8.976 44.915 313.835 10. DEBTORS 2024 2023 Prepayments and accnjed income 7,375 15.100 11. CREDrroRS Amounts falling due within ono year 2024 2023 Taxation and soctal se(xJrity Costs Other creditors Accruals and deferred income 159 4,034 2.372 6,063 4,231 2,000 6,56S 12,294 11 PENSION COSTS - DEFINED CONTR18LmON The charity operates a defined contribution PS1On scherne. The assets of the scheme are held separately from those of th8 tharity in an independently adrninistsred fijnd. Pension costs amounted to £8.470 (2023 - £8,474). 13. RESERVES 2024 2023 At the beginning of the year L)erlI for the financial year 511.720 143,411) 545.028 133,308) At the end of the year 468,309 511.720 16
contlnued Crown Jesus Mlnlstrles (A Company Ilmlt•d by guar•nl••, not havlng • •harn capltall NOTES TO THE FINANCIAL STATEMENTS for the financ¥al year ended 31 Juty 2024 FUNDS 1&1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrl¢ted Restrlcted Funds Funds Total Funds At l August 2022 Movernt during the financial year 447,21X) (46.915) 97.828 13.607 545,028 {33,308) At31 July 2023 Movement during the finan¢ial year 4,285 (20,501) 111,435 {22,910) 511,720 (43,411 } At 31 Juty 2024 379.784 88,525 468,309 1&2 ANALYSIS OF MOVEMENTS ON FUNOS Balance 1 August 2023 Income Exp¢ndlture Transfers between funds Balance 31 July 2024 Restrkted funds Building and specffic projects Unrestrl¢tod funds Unrestricted General General Capital Fund 111.435 98.285 121,195 88.525 86.450 313.835 396.684 393.175 24,010 (18.500} 18,500 71.459 308.325 400,285 396.684 (417,185) 379.784 Total funds 511,720 494.969 538,380 468,309 1&3 ANALYSIS OF NET ASSETS BY FUND Flx•d assels - ¢harlty us Curront assets Current Ilabllltits Total Restricted funds 88,525 88.525 Unrestricted general fvnds 308,325 78,024 (6,565) 379,784 308,325 166,549 (6,565) 468,309 15. STATUS The charity is a company limried by guamtee not havirwJ a share capital. The liabilty of the members is limited. 16. TRUSTEES, REMUNERATIOtrI There were no trustees, remunerallon or other b8nefit5 for th8 year ended 31 July 2024 nor for th& year ended 31 Juty 2023. There were no trustees, expenses pald for Ihe year ended 31 JUW 2024 nor for the y8ar 8nded 31 Juty 2023. 17. PO8T4ALANCE SHEET EVENTS There have been no slgnSficant events affectlng the Charity 81nce tha flnanclal year-6nd. 17
Crown Jesus Minlstrles (A company Ilmlt•d by guarant••, not havlng & Bhar• capllall nlinued NOTES TO THE FINANCIAL STATEMENTS for the financlal year ended 31 July 2024 GENERAL CAPITAL FUND This nd Is capital donations received spocifically to purchase caprtal items. When the asset Is purchased the donation is transferred into the general fund. However, as il has been used to purchase fixed assets, it is not availablè for fvnding of operational costs. RELATED PARTh DISCLOSURES 19. There were no lated party transactlons for the year ended 31 July 2024. 18