Company registration number.. N1054369
Charity registration nurnber.. 103488
The Lifeboat Mission
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 28 February 2025
Thomas Oliver and Associates Limited
Certified Public Accountant
l Moygashel Mills Park
Dungannon
Co Tyrone
BT717DH

The Lifeboat Mission
Contents
Reference and Administrative Details
Trustee, Report
2to4
Independent Examiner's Report
5t06
Staternent of Financial Activities
7t08
Balance Sheet
Note5 to the Financial Statements
Ioto 17

The Lifeboat Mission
Reference and Administrative Details
Chairman
Mr Bertie Johnston
Secretary
Mr Roy McFarland
Charity Registration Number
103488
Company Registration Number
N1054369
The charity is inco￿orated in Northern Ireland.
69 Drumaspil Road
Dungannon
Co.Tyrone
BT716HZ
Registered Office
Thomas Oliver and Associates Limited
Certified Public Accountant
l Moygashel Mills Park
Dungannon
Co TyTone
BT717DH
Page I

The Lifeboat Mission
Trustee, Report
The trnstee, who are directors for the purposes of company law, present the annual report together with the financial
statements of the charitable company for the year ended 28 February 2025.
Objectives and activities
Public benefil
In ordeT to continue to fulfil the purpose and have Tegard to the Commission's public benefit requirement, we have
continued to provide weekly church service5 for felloivship, prayer, praise and Bible teaching as well as continuing
to provide services for specific community sectors folloiving government guidanc¢.
Christian principles and Christiarn discipleship along with the gospel message are shared at these services.
The trustee confirm that they have complied with the requirements of the CharTties Act to have due regard to the
public benefit guidance published by the Charity Commission for Northern Ireland.
Trustees and orricers
The trnstees and officers servino during the year and since the year end were as follows:
Trustee..
Mr Roy McFarland
Mr Bertie Johnston
Mr Adrian Kelso
Chainnan:
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 nlnning of the church, for their
time, hard work and generous giving.
The purpose of the Lifeboat Mission is for the advancement of the Christian faith and in pursuance of this objective
it may
Spread the gospel of Jesus Christ and the message of the Bible at horne and abroad in word and in deed
Engage in religious preaching, teachtng, crusading, ministering, coun5elltng, Ivitnes5ing (domestic and
forei(Fn) 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 2025, to continue to fulfil this purpose and have retrard to the Commission's public
benefit requirement, we have continued to provide weekly church services for felloii'ship, prayer, praise and Bible
teaching as well as continuing to provide services for specific community sectors. Our online presence has increased
significantly with regular services being showi of Facebook. We had an in¢Tease in visiting preachers and singers to
our services.
Page 2

The Lifeb02t Mission
Trustee, Report
The purpose of the Lifeboat Mission continue to be met although the method of delivery has evolved depending on
the particular restrictions in place. During the year Sunday services and prayer Tneetings have continued at our
church premises and we have seen a growth in the fellowship. Our messages are being posted online through our
Facebook paoe 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.
During the year many activites took place including Carol Service in December 2005 as well as the regular Ladies
meetings and Youth meetings.
In January 2025 we received a visit from Rev and Mrs John Treese from Vircrini4 USA who spoke at our Holiness
Convention.
In September 2024 we enrolled our first students to Lifeboat Christian School. The school is staffed by volunteers
who have a wealth of knowledge in teachino
The school follows th¢ Accelerated Christian Education (A.C.E)
curriculum which provides parents with a quality programme they can trust. Currently there are 4 pupils enrolled
with the view that this number will increase.
Our income level for the financial year ending 28th February 2025 w&s almost £li7K with expenditure of £IOOk
leaving a surplus for the year of approximately £37K. As Trustees we would like to offer our sincere thaT￿S for the
generous giving of our congregation and supporters.
Bertie Johnston, Adrian Kelso and Roy McFarland served as Trustees during this year.
St8tement of trustee, responsibilities
The trustee (who are also the diTectors of The Lifeboat Mission for the pury)oses of company law) are responsible for
preparin(y the trustee, report and the financial statements in accordance M'ith 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
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 vieii, of the
state of affairs of the charitable company and of the incomino resources and application of resource5, includin(7 its
income and expenditure, of the charitable company for that period. In preparing these financial statements, the
trustee are required to..
select suitable accounting policies and apply them consistently-
observe the method5 and principles tn the Charities SORP.
make judgements and estimates that are reasonable and prudent-
state whether applicable accounting standards, comprisincr FRS 102 have been followed. subject to any material
departures disclosed and explained in the financial statements. and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charttable company will continue in business.
Page 3

The Lifeboat Mission
Trustee, Report
The trustee are responsible for keepino
¥ PToper 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 infonnation included on
the charitable cornpany's website. Legislation governing the preparation and dissemination of financial statements
may differ from leoislation in other jurisdictions.
The annual report was approved by the trustee of the charity on 24 November 2025 and Si￿ed on its behalf by..
Mr Roy M¢Farland
Company Secretary and Trustee
Page 4

The Lifeboat Mission
Independent Examiner's Report to the trustees of The Lifeboat Mission ('the Company,)
T report to the charity trustee on my examination of the accounts of the Company for the year ended 28 February
2025.
Respective responsibilities of trustees and examiner
As the charity's trustee of The Lifeboat Mission (and also its directors for the purposes of company la￿,) you are
responsible for the preparation of the accounts in accordance with the r¢quirements of the Charities Act (Northern
Ireland) 2008.
Having satisfied myself that the accounts of The Lifeboat Mission are not required to be audited under section 65 of
Charities Act (Northern) Ireland 2008 and that an independent examination is needed. It is my responsibility to:.
examine the accounts under 5e¢tion 65 of the Charities Act
to follow the procedures laid down in the general Direction5 given by the Charity Commission for Northern Ireland
under section 65 (9)(b) of the Charities Act
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
Ca￿led out in accordance with the general Directions given by the Charity Commission for Northern Ireland under
section 65{9)(b) of the Charities Act.
An examination included a review of the accounting records kept by the charity and a compartson of the accounts
presented with those records. It also included Consideration of any unusual items or disclosures in the accounts, and
seekintr expalnations from th¢ trustees conceming any such Tnatters.. I confwm that no matters have corne to my
attention in connection with the examination giving me cause to believe..
l. That accounting records were not kept in respect of The Lifeboat Mission as required by section 63 of the
Charities 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 furtheT inforniation needed for a proper understanding of the accounts tobe reached.
Page 5

The Lifeboat Mission
Independent Examiner's Report to the trustees of The Lifeboat Mission ('the Company,)
Independent Examiner's Statement
I have cornpleted my examination and have no concerns in Tespect of the matter (l) to (4) listed above and in
connections ivith the followin(F directions of the Charity Commission for Northem Ireland. I have found no matters
that require drawing to your attention
r and Associates Limited
Certified Public Accountant
l Moygashel Mills PaTk
Dungannon
Co Tyrone
BT717DH
24 November 2025
Page 6

The Lifeboat Mission
Statement of Financial Activities for the Year Ended 28 February 2025
(Including Income and Expenditure Account and Statement of Total Recognised Gains and
Losses)
Unrestricted
funds
Total
2025
Note
Income and Endowments froln:
Donations and legacies
Investment income
Other income
133,13)
16
3,650
133,133
Total income
136,799
136,799
Expenditure on:
Charitable activities
Other expenditure
(354)
(99,459)
(99,459)
Total expenditure
(99,813)
(99,813)
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
785,576
785,576
Total funds carried forward
17
822,562
Unrestricted
funds
822,562
Total
2024
Note
Income and Endowments from:
Donations and legacies
Inve5trnent income
Other income
138,058
203
900
138.058
203
900
Total incorne
139,161
139,161
Expenditure on:
Charitable activities
Other expenditure
(330)
(89,886)
(330)
(89,886)
Total expenditure
(90,216)
(90,216)
Net income
48,945
48,945
Net movernent in ￿ndS
48,945
48.945
Reconciliation of funds
Total funds brought forward
7J6.631
736,631
The notes on pages l O to 17 forni an integral part of these financial statements.
Page 7

The Lifeboat Mission
Statement of Financial Activities for the Year Ended 28 February 2025
ncluding Income and Expenditure Account and Statement of Total Recognised Gains and
Losses)
Unrestricted
funds
Total
2024
Note
Total ￿ndS ca￿led fonvard
17
785,576
785,576
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2024 is shown in note 17.
The notes on pages l O to 17 fonn an integral part of these fmancial statements.
Page 8

The Lifeboat Mission
(Registration number: N1054369)
Balance Sheet as at 28 February 2025
2025
2024
Note
Fixed assets
Tangible assets
13
842,489
763,725
Current assets
Debtors
Cash at bank and in hand
14
15
3,452
708
20,199
4,160
Creditors: Amounts falling due within one year
Net current {liabilities)lassets
Net assets
16
(24,087)
(1,801)
{19,927)
21,851
822,562
785.576
Funds of the eharity:
Unrestricted ineome funds
Unrestricted fimds
822,562
785,576
Totsl funds
17
822,562
785,576
For the fInancial year ending 28 February 2025 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not required the charity to obtain an audit of its accounts for the year in question in
accordance ivith section 476. and
The directors acknowledge their responsibilities for complying ivith the requirements of the Act with respect to
accounting records and the preparation of accounts.
The financial statements on pages 7 to 17 were approved by the trustee, and authori5ed for TS5ue on 24 November
2025 and signed on their behalf by..
MrRo
McFarland
Company Secretary and Trustee
The notes on pages l O to 17 fomi an integral part of these financial statements.
Page 9

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 28 February 2025
I Charity status
The charity is limited by ouarantee, incorporated in Northern Ireland, and consequently does not have share capital.
Each of the trustee is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event
of liquidation.
The address of its registered office is=
69 Drurnaspil Road
Dungannon
Co.TJTone
BT716HZ
These financial statements were authorised for issue by the trustee on 24 November 2025.
2 Accounting policies
Summary of signifjcant aeeounting policies and key accounting estimates
The Principal accounting 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 othenyise stated.
Statement of compliance
The financial statements have been prepared in accordance ivith Accounting and Reporting by Charities.. Statement
of R¢cornmended Practice (applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities
SORP (FRS 102}), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and
th¢ 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 value unless othenyise staled in the relevant accountinD policy
notes.
Going concern
The trustee Consider that there are no material uncertainties about the charity's ability to continue a5 a going concern
nor any significant areas of uncertainty that affect the carying value of assets held by the charity.
Exemption from preparing a cash flow statement
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.
Incom¢ 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 amount of the income receivable can be measured reliably.
Page 10

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 28 February 2025
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In
the event that a donation is subject to conditions that require a level of performance 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.
Jnvestmenl income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend
due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it TS probable
settlemen¢ is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure
heading that atsgregat¢ similar costs to that category. Where costs cannoi 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 char£yes allocated on the portion of the asset's use. Other support costs are
allocated based on the spread of staff costs.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirernents,
including audit, strategic rnanagement and trustee meetings and reiTnbursed expenses.
Taxation
The charity is considered to pass the tests set 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. Accordin(rly, the charity is Potentially
exempt froTn t￿atIOn in respect of income or capital tsains received ivithin categories covered by Chapter J Part I I
of the 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 &ssets c05ting £250.00 or more are initially recorded at cost.
Depreciation and alnortisation
Depreciation is provided on tangible fTxed assets so as to write off the cost or valuation. less any estimated residual
value, over their expected useful economic life as follows..
Asset class
Land and Buildings
Fictures and Fittings
Depreciation method and rate
1.5 % reducing balance
20 % straight line
Pagell

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 28 February 2025
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-tern) highly liquid investments
that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings
are subsequently carried at amort15ed cost, with the difference between the proceeds, net of transaction costs, and the
arnount due on redemption being r¢cognised as a charge to the Statement of Financial Activities over the period of
the relevant bO￿owing.
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 defer settlernent of the
liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee discretion in furtherance of the
objectives of the charity.
3 Income from donations and legacies
Unrestricted
funds
General
Total
funds
Donations and legacies.
Donations frorn individuals
Regular giving and capital donations
Total for 2025
3.820
129,)lJ
3,820
129,i13
13),1))
13J,li3
Total for 2024
1)8,058
1)8,058
Page 12

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 28 February 2025
4 Investment income
Unrestricted
funds
Gener81
Total
funds
Interest receivable and similar incorne-
Interest receivable on bank deposits
Total for 2025
16
16
16
16
Total for 2024
203
5 Expenditure on charitable activities
Unrestricted
funds
General
Total
funds
Note
Governance costs
354
Total for 2024
330
In addition to the expenditure analysed above, there are also governance costs of £354 (2024 - £J30) which relate
directly to charitable activities. See note 7 for further details.
6 Other expenditure
Unrestricted
funds
General
Total
funds
Note
Staff costs
Wages and salaries
Depreciation, amortisation and other similar costs
Other resources expended
Total for 2025
13,400
59,027
59,027
99,459
99,459
Tot21 for 2024
89,886
89,886
Page 13

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 28 February 2025
7 Analysis of governance and support costs
Governance costs
Unrestricted
fund$
General
Total
funds
Independent examiner fees
Examination of the financial statements
i54
Total for 2025
i54
Total for 2024
8 Net incomingloutgoing resources
Net incoming resources for the year include..
2025
2024
Depreciation of fixed assets
27,032
17,996
9 Trustee remuneration and expenses
During the year the charity made the following transactions with trustee:
Mr Bertie Johnston
Mr Bertie Johnston received remuneration of £13,400 (2024.. £8,310) during the year.
l O Staff costs
The aogregate payroll costs were as follows..
2025
2024
Staff costs during the year were:
Wages and salaries
13.400
8,310
The monthly avera(Te number of persons (including senior management I leadership team) employed by the charity
during the year expressed as full time equivalents was a5 follows..
2025
2024
Staff
Page 14

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 28 February 2025
No employee received emoluments of more than £60,000 durin(r the year.
11 Independent examiner's remuneration
2025
2024
Examination of the financial statements
354
i30
12 Taxation
The charity is a reoistered charity and is therefore ex¢mpt from taxation.
13 Tangible fixed assets
Land and
buildings
Furniture and
equipment
Total
C05t
At l March 2024
Additions
855,019
67,766
32,584
38,029
887,60)
105,79)
At 28 February 2025
Depreciation
At l March 2024
Charge for the year
At 28 February 2025
Net book value
922,785
70,613
99J,J98
111,374
18,456
12,504
8,575
123,878
27,031
129,830
21,079
150,909
At 28 February 2025
792.955
49,5)4
842,489
At 29 February 2024
743,645
20,080
76J,725
14 Debtors
2025
2024
Other debtors
3,452
3,453
15 Cash and cash equivalents
Page 15

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 28 February 2025
2025
2024
Cash at bank
708
?0,199
Bank overdrafts
(887)
Cash and cash ¢quivalents in statement of cash flows
(179)
20,199
16 Creditors: amounts falling due within one year
2025
2024
Bank overdrafts
Other creditors
887
1,801
24,087
1,801
17 Funds
Balance at I
M8reh 2024
Incorning
resources
Resources
expended
Balance at 28
February 2025
Unrestricted funds
General
785,576
l J6,799
(99,813)
822,562
Balance at I
March 2023
Incoming
resources
Resources
expended
Balance at 29
February 2024
Unrestricted funds
GeneTal
7)6,631
lJ9,161
(90,216)
785,576
18 Analysis of net assets betiveen funds
Unrestricted
funds
General
Total funds at
28 February
2025
Tangible fixed assets
Current assets
Cu￿ent liabilities
842,489
4,160
(24,087)
842,489
4,160
(24,087)
822,562
Total net assets
822,562
Page 16

The Lifeboat Mission
Notes to the Financial Statements for the Year Ended 28 February 2025
Unrestricted
funds
Gener21
Total funds at
29 February
2024
Tangible fixed assets
cu￿ent assets
Current liabilities
763,725
23.652
(1,801)
763,725
(1,801)
Total net assets
785,576
785,576
19 Analysis of net funds
At28
February
2025
At l March
2024
Financing cash
nows
Cash at bank and in hand
20,199
(20,378)
(179)
Net debt
20,199
(20,378)
(179)
At29
February
2024
At l March
2023
Financing Cash
flows
Cash at bank and in hand
43,800
(23,601)
20,199
Net debt
{2J,601)
20,199
Page 17