Company registration number: Nt054369
Charity registration number.. 10)488
The Lifeboat Mission
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year End¢d ?9 February 2024
Thomas Oliver and Associates Limited
Certified Public A¢¢ountant
l Moygashel Mills Park
Dungannon
Co Tyrone
BT717DH

The Lifeboat Mission
Contents
Reference and Administrative Details
Trustee, Report
2to4
Endependent Examinels Report
5t06
Statement of Financial Activities
7t08
Balance Sheet
Notes to the Financial Statements
Ioto 18

The Lifeboat Mission
Reference and Administrative Detai15
Ch4irnian
Mr Bertie Johnston
Secretary
Mr Roy McFarland
Charity Registration Number
103488
Company Registration Number
N1054369
The charity is incorporated in Northern Ireland.
69 Drumaspil Road
Dungannon
Co.Tyrone
BT716HZ
Registered Office
Thomas Oliver and Associates Limited
Certified Public A¢¢ountant
l Moygashel Mills Park
Dunoannon
Co Tyrone
BT717DH
Page I

The Lifeboat Mission
Trustee, Report
The trustee, who are directors for the purposes of company law, present the annual report together with the financial
staternents of the charitable company for the year ended ?9 February 2024.
Objeetives and activities
Public benefit
In order to continue to fulfil the purpose and have regard to the Commission's public benefit requirement, we have
ontinued to provide weekly church services for fellowship, prayer. praise and Bibl¢ teaching as well ￿ continuing
to provide services for specific community sectors following government guidan¢e.
Christian principles and Christiam dis¢ipleship along with the gospel message are shared at these services.
The trustee confirni that they have complied with the requirements of the Charities Act to have due regard to the
public benefit guidance published by the Charity Commission for Northern Ireland.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows-
Trustee:
Mr Roy McFarland
Mr Bertie Johnston
Mr Adrian Kelso
Chaiman:
Mr Bertie Johnston
Secretary..
Mr Roy McFarland
Annual report
We wish to sincerely thank all those who attend the services or are involved in the Tunning of the chur¢h, for their
time, hard work and generous giving.
The purpose of the Lifeboat Mission is for the advancement of the Christian faiih and in pursuance of this objective
it may
Spread the gospel of Jesus Christ and the message of the Bible at home and abroad in word and in deed
Engage in religious preaching, leaching, crusading, ministering, coun5elling, witnessing (domesti¢ and
foreign) and soul-winning for the Lord Jesus Christ
Operate in an evangelistic manner and wherever possible to assist in support for worthy benevolent
humanitarian projects
During the year ended February 2024, to continue to fulfil this purpose and have regard to the Commission'5 public
benefit requirement, we have ¢ontinued to provide weekly church services for fellowship. prayer, praise and Bible
tea¢hing as well as continuing to provide services for specific Gommunity sectors. Our online presence has increased
significanily with regular services being shown of Facebook. We had an increase in visiting preachers and singers to
our services.
Page 2

The Lifeboat Mission
Trustee, Report
The purpose of the Lifeboat Mission continue to be met alihough the method of delivery has evolved depending on
the particular restrictions in place. During the year Sunday services and prayer meetings have continued at our
church premises and we have seen a growth in the fellowship. Our messages are being posted online through our
Facebook page where they can reach a much wider audience. As the numbers attending services increases Steadily
our message is strong.
As we enter into another year our desire is to spread the gospel of saving grace to the wider community and to see a
growth in our fellowship, seeking God's guidance at every point.
In June 2023 the 34th Anniversary Tent Mission brought together the community with special testimonies. singing
and preaching ofthe gospel.
Our incorne level for the financial year ending 29 February 2024 was almost 139K with expenditure of £90k leaving
a surplus for the year of approximately £49K. As Truslees we would like to offer our sincere thanks for the generous
giving of our congregation and supporters.
Bertie Johnston, Adrian Kelso and Roy M¢Farland served as Trustees during this year.
Statement of trustee, responsibilities
The trustee (who are a150 the directors of The Lifeboat Mission for the purposes of COTnpany law) are responsible for
preparing the trustee, report and the financial Statements in accordance with applicable law and United Kingdom
Accounting Standards {United Kingdom Generally Accepted Accounting Practice), including FRS 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and ac¢ount5 have been
prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustee to prepare financial statements for each financial year. Under company law the
trustee must not approve the financial statements unless they are satisfied that they give a true and fair view of the
state of affairs of the charitable company and of the incoming r¢sources and application of resources, including its
income and expenditure, of the charitable company for that period. In preparing these financial statements, the
trnstee are required to:
select suitable accounting poli¢ies and apply them consistently.
observe the methods and principles in the Charities SORP-
make judgements and estimates that ar¢ reasonable and prudent-
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material
departur¢5 disclosed and explained in the financial statements- and
prepare the financial statements on the going con¢ern basis unless it is inappropriate to presume that the
charitable company will rontinue in business.
The trustee are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any
time the financial position of the charitable company and enable them to ensure that the financial 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 irregularities.
The trustee are responsible for the maintenance and integrity of the corporate and financial inforn)ation included on
the charitable company's website. Legislation governing the preparation and dissemination of financial statements
may differ from legislation in other jurisdictiOTr5.
Page 3

The Lifeboat Mission
Trustee, Report
Small companies provision statement
This report has been prepared in accordance with the srnall companies regime under the Companies Act 2006.
The annual report was approved by the trustee of the charity on 18 November 2024 and signed on its behalf by:
Mr Roy McFarland
Company Secretary and Trustee
Pag¢ 4

The Lifeboat Mission
Independent Examiner's Report to the trustees of The Lifeboat Mission ('the Company,)
I report to the charity trustee on my examination of the a¢¢ounts of the Company for the year ended 29 Febrnary
2024.
Respective responsibilities of trustees and examiner
As the charity's trustee of The Lifeboat Mission (and also its directors for the purposes of ¢ompany law) you are
responsible for the preparation of the account5 in accordance with the requirements of the Charities Act (N'orthern
Ireland) 2008.
Having satisfied myself that the accounts of The Lifeboat Mission are not required to be audited under section 65 of
Charities A¢t (Northern) Ireland 2008 8J]d that an independent examination is needed. It is my responsibility to...
examine the a¢counts under section 65 of the Charities Act
to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland
under seetion 6519}(bl of the Charities A¢t
to state whether particular matters have come to my attention
Basis of Independent Examiners, Report
I have examined your charity accounts 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)(bl of the Charities Act.
Ark examination included a review of the accounting records kept by the charity 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 expalnations from the trustees concerning any such matters.. I confirni that no matters have come to my
attention in conn¢ction with the examination giving me eause to believe:
l. Thal accounting records were not kept in respect of The Lifeboat Mission as required by section 63 of the
Charilies Act. or
2. That the accounts do not accord with those records,. or
3. That the accounts do not comply with the accounting requirements of the Charities Act.
4. That there is fiJrth¢r inforniation needed for a proper understanding of tlie account5 tobe reached.
Page 5

The Lifeboat Mission
Independent Examiner'5 Report to the trustees of The Lifeboat Mission ('the Company,)
Independent Examiner's Statement
I have completed my examination and have no concerns in respect of th¢ matter (l) to (4) listed above and in
connections with the following directions of the Charity Commission for Northern Ireland. I have found no matters
that require drawing to your attention
Thomas O '
ssociates Limited
led Public Accountant
l Moygashel Mills Park
Dungannon
Co Tyrone
BT717DH
18 November 2024
Page 6

The Lifeboat Mission
Statement of Financial Activities for the Year Ended 29 February 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains and
Losses}
Unrestricted
fund5
Tot#1
2024
Note
Income and Endowments from:
Donations and legacies
Investment income
Other income
138.058
203
900
138,058
203
900
Total income
139,161
139.161
Expenditure on:
Charitable activities
Other expenditur¢
{330)
(89,886)
(89,886)
Total expenditure
(90,216)
(90,216)
Net income
48,945
48,945
Net movement in funds
48,945
48.945
Reconciliation of funds
Total funds brought forward
736,6J I
736,6J I
Total funds carried forward
17
785,576
785.576
Total
2023
Unrestricted
funds
Note
Income and Endowments from:
Donations and l¢ga¢i¢s
Inveslm¢nt income
123.651
45
123,6il
45
Total income
123,696
12i,696
Expenditure on:
Charitable activities
Other expenditure
(288)
(87,571)
(288)
(87,571)
Total expendi￿re
{87,859)
187,859)
Net income
35.837
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
700,794
700.794
17
736,631
The notes on page5 10 to 18 forni an integral part of these financial Statements.
Page 7
736,631

The Lifeboat Mission
Statement of Financial Activities for the Year Ended 29 February 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains and
Losses)
All of the ¢harity's activities derive from Continuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 17.
The notes pages 10 to 18 forn] an integr&l part of these financial statements.
Page 8

The Lifeboat Mission
(Registration number: N1054369)
Balance Sheet as at 29 February 2024
2024
2023
Note
Fixed assets
Tangible assets
763,725
681,325
Current assets
Debtors
Cash at bank and in hand
14
15
3,452
20,199
13.)06
43,800
23,651
57.106
Creditors". Amount$ falling due within one year
Net current assets
16
(1,800)
(1,800)
21,851
55,306
Net assets
785.576
736,6)1
Funds of the charity:
Unrestrieted income funds
Unrestricted funds
785,576
736.6J I
Total funds
17
785.576
736.6)]
For the financial year ending 29 February 2024 the charity was entitled to exemption from audit under Section 477
of the Companies Act 2006 relating to small companies.
Director5, responsibilities..
Th¢ members have not required the charity to obtsin an audit of its accounts for the year in question in
accordance with 5¢Ction 476. and
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and the preparation of accounts.
These financial staternents have been prepared in accordance with the special provisions relating to companies
subject to the srnall companies regime withix Part 15 of the Companies Act 2006.
Th¢ finaneial statements on pages 7 to 18 were approved by the trustee. and authorised for issue on 18 November
2024 and signed on their behalf by..
Mr Roy McFarland
Company Secretsry and Trustee
The notes on pages l O to 18 fonn an integral part of these financial statements.
Page 9

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 29 February 2024
I Charity status
The charity is limited by guarantee. incorporated in Northern Ireland, and consequently does not have share capital.
Each of the trustee is liable to contribute an amount not ex¢eeding £Nil towards the assets of the charity in the event
of liqiiidation.
The address of its registered office is:
69 Drumaspil Road
Dungannon
Co.Tyrone
BT716HZ
These financial statements were authorised for issue by the trustee on 18 November 2024.
2 Accounting policies
Summary of signifi¢#nt accounting policies and key actountlDg estimates
The principal accounling policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all the years presented. unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Aceounting and Reporting by Charities- Statement
of Recommended Practice (applicable to charities preparing their accounts in accordance with the Finan¢ial
Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)) (i55ued in October 2019) - (Charities
SORP (FRS 102)), the Financial Reporting Standard appli¢able in the UK and Republie of Ireland (FRS 102) and
the Companies Act 2006.
Basis of preparation
The Lifeboat Mission meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction valiie unless otherwise stated in the relevant acrounting policy
notes.
Going Concern
The trustee consider that there are no material uncertainties about the charity's ability to continue as a going concern
nor any significant areas of uncertainty that affect the Carrying value of assets held by Ihe charity.
Exemption from preparing a cash flow 5tgtement
The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash
flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be
received and the amounl of the incom¢ r¢¢¢ivable can be measured reliably.
Page 10

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 29 February 2024
Dontsklons and legaci
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In
the event thai a donation is subject to conditions that require a level of perforniance by the charity before the charity
is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the
fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will
be fulfilled in the reporting period.
Investment income
Dividends are recognised once the dividend has been deelared and notification has been received of the dividend
due.
Expenditure
All expenditure is recognised once ther¢ is a legal or constru¢tive obligation to that expenditure. it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure
heading that aggregate similar ¢osts to that category. Where costs cannot be directly attributed to particular headings
they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the
basis of time spent, and depreciation charges allocated on the portion of ihe asset's use. Other support costs are
allocated based on the spread of staff costs.
Govern¥Dce costs
These include the costs attributable to the charity's coJnplian¢e with constitutional and statutory requirements.
including audit, strategic management and trnstee meetings and reimbursed expenses.
Taxation
The eharity is considered to pass the tests sel out in Paragraph I Schedule 6 of the Finance Act 201 O and therefore it
meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially
exempt from taxation in respect of income or eapital gains received within categories covered by Chapter 3 Part I I
of ihe Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that
such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £250.00 or more are initially recorded al ¢ost.
Depreciation and atnortisation
Depreciation is provided on tangible fixed assets so as to wrile off the cost or valuation. less any estimated residual
value. over their expected usefvl economic life as follows-
Asset class
Land and Buildings
FiC￿reS and Fittings
Depreciatson method and rate
1.50/0 reducing balance
200/1> straight line
Page 11

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 29 February 2024
Cash and cash equivalents
Cash and cash equivalents comprise ¢ash on hand and call deposits, and other short-terni highly liquid investments
that are readily ¢onvertible to a known amount of casli and are subject to an insignificant risk of change in value.
Tr4de creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an
unconditional right, at (he end of the reporting period, to defer settlement of the creditor for at le￿t twelve months
after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the
reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using
the effective interest method.
Borroivings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing bo]Towings
are subsequently carrted at amortised cost, with the difference between the proceeds. net of transaction ¢05ts, and the
amount due on redemption bein￿ recognised as a charge to the Statement of Financial Activities over the period of
the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and
similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to d¢fer settlement of the
liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for us¢ at the trustee discretion in furtherance of the
objectives of the charity.
3 Income from donations And legacie5
Unrestricted
fund5
General
Total
funds
Donations and legacies.
Donations from individuals
RegLilar giving and capital donations
2,450
135.608
2.450
135.608
Total for 2024
138,058
138,058
Total for 2023
123,651
123,651
Page 12

The Lifeboat .Mission
Notes to the Financial Statements for the Year Ended 29 February 2024
4 Investment income
Unrestricted
funds
General
Total
funds
Interest receivable and similar income.
Interest receivable on bank deposits
Tot81 for 2024
203
203
203
203
Total for 2023
45
45
5 Expenditure on charitable aetivities
Unrestricted
funds
General
Total
funds
Note
Governance Costs
330
330
Total for 2023
?88
288
In addition to the expenditure analysed above, there are also governance Costs of £3JO {2023 £288) which relate
directly to charitable activities. See note 7 for fvrther details.
6 Other expenditure
Unrestricted
funds
General
Total
funds
Note
Staff Gost5
Wages and salaries
Depreciation, amortisation and other similar costs
Other resource5 expended
8,310
17.996
63.580
17,996
63,580
Total for 2024
89,886
89,886
Total for 2023
87,571
87.571
Page 13

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 29 February 2024
7 Analysis of governance gnd support costs
Governanee eosts
Unrestricted
funds
General
Total
funds
Independent examiner fees
Examination of the financial staternents
330
Total for 2024
Total for 2023
288
288
8 Net incominyJoutgoing resourees
Net incoming resourceg for the year include:
2024
2023
Depreciation of fixed assets
17,996
15.773
9 Trustee remuneration and expenses
During the year the charity made the following transactioTJs witli trustee..
Mr Bertie Johnston
Mr Bertie Johnston received remuneration of £8,J l 0 (2023- £11.329) during the year.
10 Staff costs
The aggregate payroll costs were as follows..
2024
2023
Staff Costs during the year were:
Wages and salaries
11.329
The monthly average number of persons (including senior managernent I leadership team) employed by the charity
during the year expressed as ￿1[ time equivalent5 was as follows:
2024
2023
Staff
Page 14

The Lifeboat Mission
Iyotes to the Financial Statements for the Year Ended 29 February 2024
No employee received emoluments of more than £60,000 during the year.
I I Independent examiner'$ remuneration
2024
2023
Examination of the financial statements
330
288
12 Taxation
The charity is a registered charity and is therefore exempt from taxation.
13 Tangible fixed assets
Land and
building5
Furniture 2nd
equipment
Total
Cost
At l March 2023
Additions
758.502
96.517
28,705
3,879
787,207
100,396
At 29 February 2024
855,019
32,584
887.603
Depreciation
At l March 2023
Charge for the year
99,895
11.479
5,987
6,517
105,882
17,996
At 29 February 2024
111,374
12,504
12J,878
Net book vglue
At 29 February 2024
743,645
20.080
763,7?5
At 28 February 2023
658,607
22,718
681,325
14 Debtors
2024
2023
Trade debtors
Other debtor5
5,966
3,452
3,452
Page 15

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 29 February 2024
15 Cash and cash equivalents
2024
2023
Cash at bank
20,199
43,800
16 Creditors: amounts falling due Ivithin one year
2024
2023
Other creditors
1,800
1,800
17 Funds
Balance at I
March 2023
Incoming
resources
Resources
expended
Bxlgnce at 29
February 2024
Unrestricted funds
General
736.631
139,161
{90,216)
785.576
Balance at I
March 2022
Incoming
resouree5
Resources
expended
BalAnte at 28
February 2023
Unrestricted funds
General
700,794
12J.696
(87.859)
736.6J I
18 Analysis of net assets between funds
Unrestricted
funds
General
Total fullds at
29 February
2024
Tangible fixed assets
Currtnt assets
Current liabilities
763,725
763.725
23,651
(1,800)
{1,800)
Total net assets
785.576
785,576
Page 16

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 29 February 2024
Unrestricted
funds
General
Total funds at
28 February
2023
Tangible fixed assets
Current assets
Current liabilities
681,325
57,106
{1,800}
681,325
57,106
(1,800)
Total net assets
736.6J I
736,6J I
Page 17

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 29 February 2024
19 Analysis of net funds
At29
February
2024
At l March
2023
Financing cash
flows
Cash at bank and in hand
(23,600)
20,200
Net debt
(23,600)
20,200
At28
February
2023
At l March
2022
Financing cash
flows
Cash at bank and in hand
65,087
(21,287)
Net debt
65,087
(21.287)
Page 18