Portadown Christian Centre Trustees, Annual report and Statement of Receipts and Payments and Assets and Liabilities th For the year ended 29 February 2024 Charities Number: 103638
Portadown Christian Centre Annual report and financial statements for the year ended 29 February 2024 Contents Pages References and administrative details of th¢ Charity Trustees, report Indep¢ndent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities Notes to the financial statements 9- 11
Portadown Christian Centre References and administrative details Charity Name: Charity Registration Number: Contact Address: Portadown Christian Centre 103638 l Levaghery Court, Portadown, Craigavon, B T63 5FQ Trustees Pastor George Elliott Mrs Irene Elliott Mrs Isabel Rathore Principal oifiee-bearers Pastor: Church Treasurer: Pastor George Elliott Mrs Irene Elliott Independent Examiner JDMR Limited Chartered Accountants & Registered Auditors 16 Church Stre¢t Dungannon Co Tyrone Principal Bankers Ulst¢r Bank Portadown Branch 20 High Street Portadown Co Annagh BT62 IHU Page I
Trustees, Annual Report for the year ended 29 February 2024 The trustees present the annual report and statements of Receipts and Payments and Assets and Liabilities for Portadown Christian Centre for the year ended 29 February 2024. Objectives and Activities The charitabl¢ purposc of Portadown Christian Centre is the advancement of religion. The principal function of Portadown Christian Centre is to support the advancement of the Christian religion by promoting, through the work of Portadown Christian Centre the whole mission of the Church, pastoral, evangelistic and social. Being open to and engaging with society as a whole and offering support for those needing help are fundamental to the practical delivery of the benefits of Christianity. As a result of activity in the pursuit of the advancement of the Christian religion, Portadown Christian Centre has custody of property and of records, materials and artefacts of significance to the cultural and religious heritage and maintenance of which is und¢rtaken by the trustecs of Portadown Christian Centre. Achievements, Performance & Public Benefit Portadown Christian Centre has weekly services on Sunday mornings together with various other special servic¢s during thc year. Prayer meetings are held on a regular basis. Pastoral care is also provided. A range of other activities are also provided by Portadown Christian Centre including a regular coffee morning and Barbeques which are open to the wider community in Portadown. Portadown Christian Centre also operates the collection of provisions for a local foodbank in the Portadown area. This foodbank provides much needed support for disadvantaged families in need of basic essentials. Portadown Christian Centrc also collect gifts for children at Christmas and these are given to the Salvation Anny Christmas toy appeal to help disadvantaged children. Portadown Christian Centre also support the Samaritans Purse appeal. Portadown Christian Centre supports ministy to the elderly with meetings being held in a local Portadown nursing home. Portadown Christian Centre also supports overseas charitable activity. In particular financial aid is givcn to a project in Venczuela which supports the children of imprisoned parents within that county. The activities outlined above demonstrate how Portadown Christian Centre continues to implement its charitable purposes (i.e. the advancement of religion) and meets the Public benefit requirement. Benefits to members of the public include contributing to spiritual well-being of participants and the reinforcement of Christian values. Page 2
Trustees, Annual Report for the year ended 29 February 2024 (continued) Acbievements, Performance & Public Benefit (continued) Th¢ Charity has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to Cnsurc that the activitl¢s entercd into during the y¢ar have helpcd to achieve the Charity's objectives as well as providing public benefit. Financial Review The principal source of income of Portadown Christian Centre continues to be from Donations and Plat¢ Collections. The principal ¢xp¢nse of Portadown Christian Ccntre is in respect of payments regarding wages and church maintenance expenses. Portadown Christian Centre had a deficit of receipts over payments before other gains of £74,381.72 for the year ended 29 February 2024. Portadown Christian Centre continues to be in a healthy financial state as at 29 February 2024 with total cash funds of £6,288.80. Portadown Christian Centre aims to retain sufficient reserves to meet its expected future expenditure requirements as well as potential thture capital projects. Page 3
Trustees, Annual Report for the year ended 29 Vebruary 2024 (continued) Structure, Governance and Management Going Concern The trustees have reviewed its planned expenditure for the year ahead and are satisfied that there are adequate funds in place to ensure that the Charity can continue its activities and the financial statements for the year ended 29 February 2024 can be signed off as a going concern. Governing Document ond Conslilulion of Ihe Charity The governing document of the charity is the Constitution of Portadown Christian Centre. Reeruilment andAppoinlment of Trustees All members of the Church who are over the age of 18 are eligible to be trustees of the charity. Trustees of the charity are elected by the incumbent pastor of the church. There is no limit on the length of period which may be served by the trustees. Organifalional ructure The trustees are responsible for the day to day management of the charity. The trustee meetings are chaired by the incumbent pastor of the church. Trustees are responsible for making decisions on matters of general concern and importance to the charity including deciding how charity funds are to be applied. The trustees meet at times fixed by the pastor with a minimum of three meetings per year. Special meetings may be convened at any time by the pastor or trustees. Compliance with Public Benefit The Charity has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities entered into during th¢ year have helped to achieve the Charity's objectives as well as providing public benefit. Page 4
Trustees, Annual Report for the year ended 29 February 2024 (continued) Statement of Trustees, Responsibilities The trustees are responsible for preparing th¢ Trustees, Report and th¢ statement of r¢c¢ipts and payments and statement of assets and liabilities in accordanc¢ with applicable law and regulations. The law applicable to charities in Northern Ireland with Income of less than £250,000 requires the trustees to prepare a statement of receipts and payments and a statement of assets and liabilities for each financial year. The trustees are responsible for keeping accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the assets and liabilities of the Charity. 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 irregularities. Signed on Behalf of the Trustees Trustee I Trustee 2 kn .[wL 18 June 2024 Page 5
Independent Examiners Report to the Trustees of Portadown Christian Centre ective res onsibilities of the trusteLs and examiner The charity's trustees responsibility for the preparation of the tmstees report and the accounts, as set out on pages 2 to I I, in accordance with applicable Northern Irish law and the accounting standards issued by the Accounting Standards Board and published by The Institute of Chartered Accountants in Ireland (Generally Accepted Accounting Practice in Northern Ireland) are set out in the Statement of Directors, Responsibilities on page 5. The charity's trustees consider that an audit is not required for this year but have requested that an indcpendent examination b¢ carried out. It is my responsibility to: Examine the accounts To follow the procedures laid down in the general directions given by the terms of our engagement and To state whether particular matters have come to my attention. This reporL including the statement, has been pr¢pared for and only for thc charity's trustees as a body in accordance with the tenns of our engagemcnt and for no other purpose. We do not, in giving this statement, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing. Basis of inde endent examiner's statement My examination was carried out in accordance with general directions given by the tems of our engagement. An examination includes a review of the accounting records kept by th¢ charity and a comparison of the accounts presented within those records. It also includes consideration of any unusual items or disclosures within the accounts, and seeking explanations from the trnstees concerning any such matters. The procedures undertaken do not provide all the evidence that would b¢ required in an audit, and consequently no opinion is given as to whether the accounts provide a 'true and fair, view and the report is limited to those matters set out in the statement below. Inde endent examiner's statement In connection with my examination of the financial statements for the year ended 29 February 2024, no matter has come to my attention which gives me reasonable cause to believe that, in any material respecL the requirements: to keep accounting records to prepare accounts which accord with the accounting records and comply with accounting r¢quirements have not been met 2. to which, in my opinion, attention should be drawn in order to enable a prop¢r understanding of the accounts to be reached. Jonathan Ruddell For JDMR Limited Charter¢d Accountants & Registered Auditors Dungannon 18 June 2024 Pag¢ 6
Receipts and Payments Account for the year ended 29 February 2024 Unrestricted Designated Restrieted funds funds funds 2024 2024 2024 Totsl funds 2024 Total funds 2023 Recelpts Donations & plate collections Proceeds from Fund Raising Events Bank & Deposit interest Investment income Rental of premises Loan received Other Income Total Receipts 43,765.27 43,765.27 104,006.64 534.02 534.02 14.39 470.00 44299.29 104,491.03 44,299.29 Payments Church & Hall Running Costs Administrative Costs New Building Charitable Donations Other Payments to Organisations Totsl Payments 26,271.66 1,878.35 87.518.69 1,373.91 1,638.40 26,271.66 28.426.88 1,878.35 1,586.47 87.518.69 1,373.91 767.00 1,638.40 4,703.45 118,681.01 118,681.01 35,483.80 Exeess/O)efieit) of receipts over payments before transfer (74,381.72) (74,381.72) 69,007.23 Transfers Gross transfers b¢tt¥een funds - in Gross transfers between funds - out ExeessllDeficit) of receipts over payments before other gains 72 On Behalf of the Trustees Trustee I Trnstee 2 Ij) l Lbknio kt- Page 7
Statement of Assets and Liabilities as at 29 February 2024 Unrestricted Designat¢d Restricted Funds Funds Funds 2024 2024 Total Funds 2024 Total 2023 2024 Cash Funds Ulst¢r Bank No l Account 6.288.80 6,288.80 80,670.52 Total Cash Funds 6,288.80 6,288.80 80,670.52 Investments Total lllve5tment Assets Assets retalntd for the Charity's oivn use Church building and land Church Hall Fixtures and Fittings Totsl Assets retailled for the Charity's own us¢ 150,000.00 87,518.69 3,000.00 150,000.00 150,000.00 87.518.69 3,000.00 3,000.00 240,518.69 240,518.69 153,000.00 Total Assets 246007.49 246,807.49 233,670.52 On Behalf of the Trustees Trustee I Trustee 2 CwLfQ IF Page 8
Notes to the financial statements for the year ended 29 February 2024 l. Accounting policies Set out below are the principal accounting poli¢i¢s which have been adoptcd in the compilation of the Receipts and Payments Account and the Stat¢ment of Assets and Liabilities (a) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. (b) Statement of Assets and Liabilities (i) Assels relainedfor the Charity's own use The assets of the Charity, retained for its own use comprise:_ Church Building and Land Fixtur¢s and fittings The Church Building is recognised at the estimated net realisable value of the property. Fixtures and Fittings are recogniscd at cost and are depreciated on a straight line basis over a period of 5 years. The church has set a minimum threshold of cost for an item of £500 for it to be considered to be capitalised as a fixed asset. li) Investments Fixed asset investments are initially recorded at cost and are then subsequently stated at fair value at each year end date. Page 9
Notes to the financial statements for the year ended 29 February 2024 (continued) 2. ReconciliatlOD of Cash Funds Total Cash Funds at Beginning of the year Receipts for the Year Payments for the Year Total Cash Funds at end of the year 80,670.52 44,299.29 (118,681.01) £6,288.80 3. Movement in Funds AtIMar 2023 In£oming Resourees Outgoing Resources Investment Gainl(Loss) At 29 Feb 2024 Trnnsfers Endowment fund$ Restricted fund5 Unrestrieted funds Ulsfrr Bank No l Account Cash Account 80.670.52 41,799.29 2,500.00 -116,181.01 -2,500.00 6,288.80 80,670.52 44,299.29 -118,681.01 6,288.80 Total funds 80,670.52 44,299.29 -118,681.01 6,288.80 4. Collections for Third Parties There were no collections for third parties in the current year. Page 10
Notes to the financial statements for the year ended 29 February 2024 (continued) S. Transactions with the Trustees Pastor George Elliott was paid £15,700 for scrvices rendered in his role as church pastor during the financial period. The charity s0 paid expenses relating to the Pastor's own car totalling £265.00. 6. Governance Costs Governance costs of £750.00 were incurred during the year which solely relate to fees paid to the independent examiner. Governance costs are included within Administrative Costs in the Receipts and Payments Accounts. Pa8ell