COMPANY REGISTRATION NUMBER: N1635301 CHARITY REGISTRATION NUMBER: 103832 Dorcas Ministries International Company Limited by Guarantee Unaudited Financial Statements 31 December 2018 DDE Chartered accountant 23-25 Darllng Street Enniskillen Co Fermanagh BT74 7DP Dorcas Ministries International Company Limlted by Guarantee Flnanclal Slatements Year ended 31 December 2018 Page Trustees, annual report (incorporating the dlrectovs report) Independent examiner's report to the trustees Statement ot flnancial activities (including income and expenditure account) Statement of financial position Statement of cash flows Notes to the financial statements Dorcas Ministries International Company Limlted by Guarantee Trustees, Annual Report (Incorporatlng the Dlrector's Report) Year ended 31 December 2018 The trustees, who are also the directors lor the purposes ol company law* present Iheir report and th8 unaudited linancial slatements ol the Gharlly lor th6 year endpd 31 December 2018. Reference and admlnlstrallve detalls Reglstered charlty name DtsrGas Mlnislries Inlernalonal Charlty registrallon number 103832 Company regislratlon number N1635301 Prlnclpal offico Jnd reglslered 38 Owenskerry Lane ofll¢e Flvemllelown Co Tyron8 BT75 OSP Northem Ireland The Iwstees Rev Campb811 Mr Campbell Mrs Juhnston Rev RussBII Mr Whlttaker Company secretary Accountants Rev Duane Russell Crudden DDlan Ltd Chartered accountant 23-25 Darlino Street Enniskillen Co Fermanagh BT74 7DP Structurey govemance and management Thp oyganlsallon Is operated as a Company Limited by Guarantee. It's governing document Is Ivs Memorandum & Artldes of Assoclatlon dated 9th December 2015. The organisalion is managed by the Trustees. The operating acttvltles ol th8 charity are rnosuy carried out or organlsed by two non-trustee managers. Dorcas Mlnistries International Company Llmited by Guarantee Trustees. Annual Report {Incorporatlng the Director's Report) (￿nI1￿￿e￿) Year ended 31 December 2018 Oblectlves and actlvlties The Charity's otiecls I'Oblecls"I shall be V￿lertaken in 8ccordanc8 with a Ghrisllan ethos and are specificalty restrScted lo Ihe lollowng: {al For the reliel ol poverty, sickness, ￿lseaSe OT hurnan sUffe￿ng, the advancement ol education and the relief ol those in need in Kenya and Ils environs In Afrlca by, In particular but not &xcluslvely* the provision. or asslslanGe in the provislon, ot schools, books, orphanages, linanGial assislance, medlcal supplies, 188ding programmes, humanitarian aid, equipment, clothing and by any other means as the direGlors shall consider appropriat8:Ib} To advance rellgion by promoilng th8 theological and spiritual Iraining of wtenlial leaders of the churches ol Alrica and working In Gonjunclion with the Chrisllan theological institutions in Alrl¢a. Durlng the year to 31st December 2018 Dorca5 Ministries InlernationallDMII began the proces5 01 taking over the aclivilles of the unincDrporaled Dorcas Missionary Trust. DMI began lo recewe dnnallons and to forward them on lo the projects being lunded in A1￿Ca. DMI worked in conlunction Wtlh It'5 S15terlpradecessor charity lo start lo take the responsiblStty for direcling the work canle(l out by the kn workers who over5e9 tho training and lunding work in Alrica. Straleulc reptsrt The follo￿ng secttons for achievem2n15 and p&rfoTmance and financlal review fcffm the slraleglc report ot the charity- A¢hlgvemenls and pertormance The Charity, In Gonlunctlon with its sÉsler charty. Dorcas Missionary Tru51, continued ta aGhieve It'5 goal of uslng donallons recelved lo asslst in the thBologlcal tralnlng and educational & orphanage lundkng in Africa. Flnanclal revlew The 31st DeG 2018 year is the Ilrst year the Company has had IlnarKial transactions. Th8 fInanC￿ are steady far th8 organisallon. The organisallon pays purchase Invoioes on receipt and as such ifs only liability at the year end is a £500 accrual for accountancy. Il's financlal target is to hold enough mov]ey lo cover 8xperAed expenses and lo be abl8 to provlde a srnooih flow ot fundlng to It's Alrloan beneftclaries In the 8vent of any 5ea50nal slow downs elc In donation r6celpls. As suGh It conslders the £7,261 held In the bank on Teserv8 at Ihe end of the year as belng wllhln the target range to meet tlnanclal alms. The Iruslees, annual report and th8 strategic r8POrt were approvad on B August 2019 and slgned on behalf ol the board ol trusteès by: fc¥h￿Sp0. Mrs Johnston Trustee Rev Campbell Tiuslee Dorcas Ministries Intemational Company Llmiled by Guaranlee Independent Examlner's Report lo the Trustees of Dorcas Mlnistries Internatlonal Year ended 31 December 2018 I retKrt on the flnancial statements lor the year ended 31 December2018, which comprise Ihe Slatemenl of flnancial aclivitles Ilncluding incorne and expenditure account), statement Df tinancial position, statement of cash flow5 and Ihe related notes. Respecllve responsibilitles of trustee5 and examlner The charlty's truslees (who are also the directors ol the company tor Ihe purposes of company lawl are responsible lor the preparation of the account8 in accordance with the requirements of the Companles Act 2006. Ha￿nll satisfied myself that the charity is nol subject to audlt under company law, and Is eliglble for indBpendenl examlnallon, il is my responslbillty to- examlne the acGounls under seclon 65 01 the Charfties Act., to follow the procedures laid down in the general Direction5 givon by the Chartty Cornmisslon lor Northem Ireland und8r section 6519llbl ol the Gharilies Act. and to stat8 whether partoular rnatters have come ID tny attentlon. Basls of Independent examlneT'S report I have examlned your Gharlty accounts a8 requlred under secilon 65 ot Ihe Charitle5 Act and Tny examlnailon was carded out In acco￿anCe with the general Dlreclions given by the Charity Commlsslon for Northern Ireland under sectlon 6519llbl ol the Ghar61ies Act. The examlnallon included a remew DI the a￿¢￿Inting records kept by the charity and a comparlson ol the accounts presented with those reGords. It also included con5K4eralion ol any unusual Items or disclosures In the accounts, and seeking explanatlons from the tru51ees concemlng any such matters. My role Is lo stale whether any maleilal matters have come to my attention glvlng mg cause to bell8ve'. That accountlng records were not kept in accordance wilh se¢lion 386 01 tha Companies Act 2006 That th8 accaunls do not accord wlth ihose accountlng records That the accaunls do llol compty ￿1h the aGGounllng r8qulremenls of sp¢lion 396 of the Companies AGI 2006 and wth the methods and prlnclple5 01 the Gharilles Slalement ol R8Gornmended Practice applicable lo Ghaiities pr8paring their accounts In accordance wlih thè FinanGlal Reporting Standard 8ppliGable in the UK and Republic ol Ir81and. That there Is lurlh8T Information needèd for a proper understandlng ol the accounts to be reached. Dorcas Minlstrles International Company Limited by Guarantee Independent Examlner's Report to the Trustees of Dorcas Mlnlstrles International {¢oniinued) Year ended 31 December 2018 Independenl examlnerfs statement I have eompleted my examlnatlon and have no concerns In respect of the matters 11) 10141 Isled above and. In connecllon with following the Directions of the Charity Commlssion lor Northern Ireland, I have lound nD rnatters thal requlre drawlng to your attention. CRUDDEN DOLAN LTD Charlered accountant 23-25 Darllng Slie?t Enniskillen Co Feimanauh BT74 7DP Dorcas Ministries International Company Llmited by Guarantee Stalement of Financial Activllles (Includlng Income and expendlture account) 31 December 2018 2018 Unreslricled funds Tolal funds Note Income and endowments Donations and18oacies Tolal Income 30.743 30,743 30,743 30,743 ExpendIt￿o Expendlture Dn raising funds: Costs ol ralslng donatlons and18gacles Expendlluie on ¢harilable acllviiles Total expendliure 2,872 18.405 21,277 2,872 18,405 21,277 7,8 Net Income and net movement In lunds 9.466 9,466 Reconclliailon of fund5 Total funds brought lorward Tatal lunds carrled fonvard 9,466 9,466 The statement ol flnanGial acliwlies Sncludes all galns and losses recognlsed in the y8ar. All Income and expanditure derfve from Gonlinuing actlvltles. noles on pages 8 19 13 lomi parl ol these flnanelal ststements. Dorcas Ministries International Company Limited by Guarantee Statement ot FinancFal Positlon 31 December 2018 2018 Current assets Debtors Cash at bank and in hand 12 2.705 7.261 9,966 9,986 Net current assels Total a3581s less current Ilabllllles 9,966 Creditors: amounts talllng du8 aftor more Ihan one year Net assets 13 500 9,466 Funds ol Ihe charity Unr8slricled fund5 9,466 Total charlty funds 14 9,466 For the year endlng 31 December 2018 the Ghadty was enliiled to expmptlon from audit under section 477 of the Companies AGt 2006 relallng lo small companles. DSrectors' responslljlllues: The members have not required th8 company to obtaln an audit ol Its flnanclal slatemgnls for the year in question in accordanc& wtth seGtion 476. The directors acknowleclge thetr responsibiliiles for complying with th8 requiremenls of the Act with respect to accounting records and the pyeparalion ol financial slalemenls. These financial slatements have been prepared in aGGordance wlh the provislons appllcable to companies subject to the small companles, regime. These flnanclal slalemenls were approved by the board of trustees and aulhorlsed for Issue on 8 Augus12019, and are signed on behalf ol the board bw. lll￿. *ohrEk. Rev mpbpll Trustee Mrs Johnston Tnjslee The nolas on PAgès 8 to 13 fom part tyf these financlal stalemenls. Dorcas Ministries International Company Llmlted by Guarantee Statement of Cash Flows Year ended 31 December 2018 2018 Cash flows from operatlng activttles Net income 9.466 Adlu51ments for.. Accrued expenses 500 Changes ￿.. Trade and other debtors 12.7051 7,261 7.261 Gash ceneratéd from operations Net cash fmm operating aclivities Net Increase in And ¢ash equlva]ents Cash and cash equfvalents at beglnnlng of year Cash and cash equlvalenls at end ot year 7.261 7,261 The nole5 on pago8 8 to 13 lorm part of Ihese Ilnanclal stat￿n0n18. Dorcas Ministries International Company Limlled by Guaraniee Notes to the Flnanclal Stat8rnents Year ended 31 December 2018 General Inforniallon The charity is a private company limited by guarantee, registerets In Northem Ireland and a registered charlty in Northern Ireland. The address ol the registered office is 38 Owenskerry Lane, Ftvemilèlown, Co Tyrone, BT75 OSP. Northern Ireland. Statement of compllance Thes8 financlal slalemenls have been prepared In compllance with FRS 102, 'The Flnanclal Reportlng SlandaTd applicable in the UK and the Republic ol Ireland,, the Statement ol Recornmended Practice appllcable lo chaMlle5 preparing their accounts in accordance with the Financial Reportng Standard applicable in the UK and Hepublic of Ireland IFRS 1021 (Charities SORP IFRS 1021) and the Gharibes Act {Northem Ireland} 2008. Accountlng pollcl88 Basls of preparatlon The financlal statements have been prepared on the hi5torlGal cost basis. as modilled by the revaluallon of certaln flmanclal assets and Ilablllbes and investment properties measured al falr value Ihrough inGome or expendllure. The financial stalernent5 are prepared in slerfing. which Is the lunEtIDnal Gurrency of the entity. Golng concern Ther8 are no material uncertaintles abouE tho charfty'5 ablllty to conllnue. Judgements and key sources of estlmatlon uncertalnty The Company assets and IlabMltie5 are based on speoilic calculations wlh Ihe exception ot Irs accrual lor accountancy. Th8 accountancy accrual has been estimated Gonlunclion wlh the accountants. Fund accountlng Unrestricted funds are avallable for use at the discretlon of the trustees lo furiher any of the charitys purposes. Designated funds are unreslrlcled funds earmarked by the Iru51ee5 far partlcular lubjre wdeol or commitment. 14e5trlcted funds are subj801ed to r8slriGlions on their expandllure de¢lared by the donor or through the terms of an app8al, and fall InlD one ol two sub-class85- r88triGled inoom8 funds or ondowmenl funds. Dorcas Ministries International Company Limlted by Guarantee Notes to the Flnancial Statemenls I￿ntInued} Year ended 31 December 2018 Accountlng polleles {¢onHnued) Incomlng resources All Incomlnll re50UTces are included in the statement ol financial activities when entlllemenl has passed to the charity. it is probable Ihal IhB economlc beneltts assoclated with Ihe transaction will IIDW lo the charity and the amount can be rellably measured. The followng specific pollcies are applled lu partlcular calegori8S Df income.. Income from donatlons or gran15 Is reGognlsed when there is ev(dence ol eniliiem&nt to the glft, reGelpt1s probable and ils amount can be measured rellably. legacy income Is r8cognls8d when r8Geipl is probable and enllll8m8nt IS established. Income Irom donated goods is measured at the lair value ot Ihe goods unless this is impractical lo measure reliably, In whlch case the value is derived from the Cost lo the donor or the esllmated resale value. Donated lacililies and seNices are recognised In the accounts when recewed il the value can be reliably measured. No amounts are Included lor th6 conlribulion ol general volunteers. I￿oMe from GontraGts lor the supply of servlces 15 recognlsed wllh the dellvery ot the contraoled s&rvice. Thls is classllled as unreslrlGled funds unless there Is a conlraclual requlr8menl lor It to be spent on a particular purpose and returned It unspent, In whlch Case 11 May be regarded a5 restricted. Resources gxpended Expenditure is recognised on an accnJals basis as a liability is inGurr¢d. Expenditure Includes any VAT which cannot be lully r8cov8red. and is classified under headlngs ol the stateThenl ol IlnanGial aGtivities to which It relates: expendlture on raising funds includ8s the costs ol all fundraising acllvlties, events, non- ¢harftable trading acilvities. and the sale ol donated gooth. expenditure on ¢hadtable aGIIMlles InGludes all costs incurred by a charfty in undertaking aclivllles that further ils charitable alms for the bgneff( of its beneflciarles, Includlng those support costs and costs relating to the governance ol the charity apportioned to charitable a¢liville5. other expenditure Includes all expBndilure that is n8blh8r r8lat8d lo raising furK18 for the charity nor part ol Ils expendIiure on charilablo actmtles. All Costs are anocaled to expenditure categorle5 relleGllng the use ol the resource. Direcl c051s attrfbutable to a slngle aGtlvity ara alloca18d directly lo that actimly. Shared costs are apportioned b&lwaen the activities they contribute to Dn a reasonable, justiflable and consislenl basis. Flnanclal Instrumenls A flnanclal asset or a financial liabillly is recognised only when the charty becomes a paty to the contractijal provislons of Ihe instrument. Dorcas Ministrles Internatlonal Company Limited by Guarantee Notes to the Flnanclal Statements (ttaNlnuvdl Year ended 31 December 2018 Accountlng pollcles (contlnuedj Flnanclal Instruments (conllnu8alJ Baslc financlal Instruments are iTullally recDgnised al the amount recelvatJe or payablè includlno any related Iransactlon costs. Current assets and current liabilllies are subsequenily measured at the cash or other consideration expocled to be paid or receivèd and not discounted. Debt Instruments aro subsequ8nily measured at amort15ed Gost. Where Investments In shares are publlcly traded or thelr falr value can Othe￿Se be measured reliably. the investment Is subsequently measured al lalr value wslh ohanges in lair value recognls8d in income and exppndrture. PJI other such nvestments are subsequently measured at C05t less Impalrmenl. Olhgr linancSa Instrumenls. includlng derlva1fv8s, are Inliially recognlsed al talr value, unless paymenl for an asset is deferred beyond normal buslness terms or flnanced at a rate ol Interest that is not a mark81 rate, In whtch case the asset Is measured at the present value of the future paym&nls dlsGounted at a market rate of Interest for a slmilar debt Instrument. Other financlal Instruments are subsequenUy rneasured at lair value, with any changes recognised in the slalement of financial acliwlies. wllh the exception of hedging instruments in a designated hedglno relationship. Financiat assets that are measuT8d at cost or amcfftlsed cost are revlewed for obleEtive ewdenGe ol impaiTmenl at the gnd ol each r8porUng dale. 11 there is objective evidence of Impal￿0rrt, an impairment loss Is recognised undor the appTcpriale heading in tha slalemenl ol Ilnancial aGtiMlies in which the inillal gain was recognised. For all equlty instrumenls regardless ol significanc8, and other Ilnancial assets that are individually significant, these are as5e55EIJ Indivldually lor Imp￿rment. Other finanoid ass81s are 811h8r assessed individually or grouped on the ba515 of simllar Gredit risk characleristlcs. Any r8ver5￿8 of impairment are recognised immedlately, lo the extent that the revers￿ dogs not TesLFIt in a Car￿llg amount of the linancAal assgt that exceed5 what th8 carrying amount would have been had the impairment not previously been recogni5ed. Llmlted by guarantee The liability ol each member Is Ilmlled to £1, being the amount that every m.ember ol the Company undertakes lo contribute to the a55els ol the Company, in the event of the same bplng wound up while he or she Is a member, or wllhin one year after hè or she or it ceases lo be member, for payment ot debts and Ilabilitles of the Gornpany contracted b8lore he or she or It ceases lo be a Member. and of the costs. charges and expenses of windlng up, and lor the adjuslmenl ol the ￿￿h15 of the conlribulories among themselves. 10 Dorcas Ministries International Company Llmiled by Guarantee Notes to the Flnanclal Statements (¢QllllnuBd? Year ended 31 December 2018 Donatlons and legacie5 Unrestrfcled Total Funds Funds 2018 Donallons Donations direct from Members Df the Pthlic DonatSons fmm Doroas Mi55ionary Trust 19,571 11,172 30,743 19.571 11,172 30,743 Costs ol ralslng donatlons and legacles Unrestricted Total Funds Funds 2018 DonallDns- other molorltravel costs Donations - othor office costs DonaliDn5 - bank fees 2,474 306 92 2,474 306 92 2,872 2,872 Expendllure on Charltable activllies by fund type Unreslricled Totsl Funds Funds 2018 ACt￿lty type 1 Support Gosts 17.￿5 500 17.905 500 18,405 18.405 Expendllure on charitable actlvltles by actlvlty type Activities undertaken directly Suwort costs Total fund5 2018 Activity type 1 Govemance costs 17,905 17,905 500 500 17.905 500 18,405 Independenl examlnatlon lees 2018 Fe?5 payable to the indgpendent examiner for.. Inde￿ndent examination of the tinanGial statements 500 11 Dorcas Ministries International Company Llmlted by Guarantee Notes to the Financlal Statements feondnv¢d) Year ended 31 December 2018 10. Stall costs The total staff costs and employee benglits for the reportlng perlDd are andysed as follow5: 2018 The average head count ol employees durlnc thè year was Nil. No ernployee received employee benefils ol more than £60.000 during the year12017: NIII. 11. Truslee remunerallon and expenses No remunerallon was pald by Dorcas Mlnlslrfes Intematlonal to any Df hs Trustees throughout the year ended 31st December 2018. 12. Debtors 2018 Other dabtors 2,705 13. Credltors: amounts lalllng due after more th8n one year 2018 Accruds and delerred income 500 1& Anolysls of charftable lund5 Unrestrlcted funds At 1 January 201 At 31 December 2018 Incom8 ExpBndltur8 Generd funds 30,743 1212771 9.466 15. Anotysls ol net a88et8 between lunds Unresmrled Total Funds Funds 2018 Current assets Credllors less than 1 year Net assels 9,966 15001 9,466 9,966 15001 9,466 12 Dorcas Ministrles International Company Limited by Guarantee Notes to the Financlal Statements 16ontlnued) Year ended 31 December 2018 16. Flnanclal Insliuments The caTwng amourrt for each category of linan¢lal Inslrumenl is as follow5: 2018 Flnanclal as$ets that are debi Instruments measured al amortlsed cost Financial assets that are debt inslrurnenls measured al amort15ed cost 9,966 Financlal Ilabllltles measured al amortlsed cost Flnanclal Ilabillii8s measured at amortised cost 5DO 13