**COMPANY REGISTRATION NUMBER: NI635301 CHARITY REGISTRATION NUMBER: 103832**
## **Dorcas Ministries International Company Limited by Guarantee**
## **Unaudited Financial Statements**
**31 December 2023**
## **Dorcas Ministries International**
## **Company Limited by Guarantee**
## **Financial Statements**
## **Year ended 31 December 2023**
||**Page**|
|---|---|
|Reference and administrative details|**1**|
|Trustees' annual report (incorporating the director's report)|**2**|
|Independent examiner's report to the trustees|**3**|
|Statement of financial activities (including income and||
|expenditure account)|**5**|
|Statement of financial position|**6**|
|Statement of cash flows|**7**|
|Notes to the financial statements|**8**|
## **Dorcas Ministries International**
## **Company Limited by Guarantee**
## **Trustees' Annual Report (Incorporating the Director's Report)**
## **Year ended 31 December 2023**
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
## **Reference and administrative details**
**Registered charity name** Dorcas Ministries International **Charity registration number** 103832 **Company registration number** NI635301 **Principal office and registered** 38 Owenskerry Lane **office** Fivemiletown Co Tyrone BT75 0SP Northern Ireland
**The trustees**
Rev Campbell Mr Campbell Mrs Johnston Rev Russell Mr Whittaker **Company secretary** Rev Duane Russell **Independent examiner** George Johnston 19 Inishmore Road Gola Lisbellaw Co Fermanagh BT94 5DP
## **Structure, governance and management**
The organisation is operated as a Company Limited by Guarantee. It’s governing document is it’s Memorandum & Articles of Association dated 9th December 2015. The organisation is managed by the Trustees. The operating activities of the charity are mostly carried out or organised by two non-trustee managers.
**1**
Dorcas Ministries International
Company Limited by Guarantee
Truslees, Annual Report {Incorporatlng the Director's Report) (willnld}
Year ended 31 December 2023
Objectives 2nd activities
The Charity'5 objects ("Objects) sball be undertaken in accordance with a Christian ethos and are
spccifica]ly restrictrd io the followin8.'
(a) For the Telief of poverty. sickness. disease or human suffering. the advancement of education and
tbe relief of those in need in Kenya and Ats environs in Africa by. in panicular but not exclusively, th¢
provision. or a5SiStance in the provisioffj of scboots. books, oryhanages, financial assistancc. meth.cal
supplies. feeding progrdmmes. huManitlaTh aid. equipJnenL clothing and by any other meons as the
directors shall consider appropriate-(b) To advance relignon by proTnoti7)g the iheological and spiritual
training of potential leaders of the churches of Africa and working in conjunction with the Christian
theologftcal institutions itt Afric&
Strategle
The following 5e¢tions foi achievemetsts aDd wrfotman¢e and finan¢ial review fonn the $tra*gic repo
of the charity.
Achievements and perforniance
The Charity. in conjunction with lis sister chariry. Dorc&8 Missionary Trusi continu¢d to acbieve ifs
goal of using donations received to &8SiSt in the theological training alld educ*ionai & orphanage
funding in Africa.
Financiat reiryew
The Trustees consider that the chariry is olrrating smoothly. Most substhntial costs are dis¢tionary
and depend on income available. As such the Tntstee5 deetn that the level of funds held in the bank on
reserve at the end of the yew as being within the thrgel range to meet its financial aims.
The trnstres. amiual report and the strategic report were approved on
on khalf of the Ixjard of tsllsteth by:
13
and signed
-*oknsÉo,
Mr5 Johnston
Trustee
Rev Camptell
Trustee
## **Dorcas Ministries International**
## **Company Limited by Guarantee**
## **Independent Examiner's Report to the Trustees of Dorcas Ministries International**
## **Year ended 31 December 2023**
I report to the trustees on my examination of the financial statements of Dorcas Ministries International ('the charity') for the year ended 31 December 2023. Which are set out on pages
## **Respective responsibilities of charity trustees and examiner**
As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 65 of the Charities Act
- follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.
- state whether particular matters have come to my attention.
## **Basis of independent examiner’s 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)(b) of the Charities Act. The 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 explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006.
2. That the accounts do not accord with those accounting records.
3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
4. That there is further information needed for a proper understanding of the accounts to be reached.
**3**
Dorca8 Mlnlglrles Internatlonal
Company Llmlt•d by Guarantee
Independenl Examlnor'$ Report to Ihe Trusiee• of Dorca8 Mlnl•lrle•
Internatlonal
Year ended 31 DeCernr 2023
Ind¢pendenf ex•mlner's st•temen¢
I have Lomplcted my cxwninjiion ond hnv¢ no LunLrms in re¥(1 of IIK muiiers < l ) to (4) listed aboi'e
a1. in ionncLtion with fullowing ihc r)irtiiivnA of ihe Chllriiy CffliMi10n I'or Nh¢rn Ircland. I havc
found no mAtters ihai require drnwin8 lo ywr Illcntion.
Ge(Jr8e Jnh .
19 Inishmore Road
Gnl
LisbellJw
Ciy Fermunu8h
BT114 5DY
Dated
## **Dorcas Ministries International**
## **Company Limited by Guarantee**
## **Statement of Financial Activities (including income and expenditure account)**
## **Year ended 31 December 2023**
|**Note**
**Income and endowments**
Donations and legacies
**5**
**Total income**
**Expenditure**
Expenditure on raising funds:
Costs of raising donations and
legacies
**6**
Expenditure on charitable activities
**7,8**
**Total expenditure**
**Net income and net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**2023**
**Unrestricted**
**funds**
**Total funds**
**£**
**£**
92,255
92,255
92,255
92,255
-
-
86,069
86,069
86,069
86,069
6,185
6,185
3,886
3,886
10,072
10,072|**2022**
**Total**
**funds**
£
89,292|
|---|---|---|
|||89,292|
|||-
100,951|
|||100,951|
||||
|||(11,659)
15,545|
|||3,886|
**The notes on pages 8 to 14 form part of these financial statements.**
**5**
Dorcas Ministries Inlernational
Company Limited by Guarantee
Statement ol Financial Position
31 December 2023
2013
Current assets
Debtors
12
S,6)
4,382
Cash at bank and in hand
5,579
Net current assets
10,072
5,579
Total &&sets le&s current liabilitie5
10.072
5.579
Creditors: amounts falllng due after more thall one
year
13
(1.693)
Net assets
10,072
3,886
Fwids of the charlty
Unrestricted funds
10.072
3,886
Totsl ch#rity funds
14
10.072
3,886
For the year ending 31 De¢¢mb¢r 2023 the chatity was entitted to exemption from auth"t under se¢tion
477 of the Companies Act 26 relating io small cojnpallies.
Directors, Tesponsibi]ities:
The members have rquircd the company to obtsin an audii of its fitwiciai statements for the
y¢ar in question in accordance wtth se¢tion 476.
The directors acknowledge their responsibitities for complying with thc requirements of the Act
with respect to accountiug recor(Ls and th¢ prepardtion of financial slaiejnents.
These financial statements have i*en prepared in accordan wÈth the provisioll5 applicable to
compaTrie5 subject io the small ¢ompanies' regime.
Thes
ncial stsrements were approved by the boatd of trustees and authorised for issue on
aDd are signed on haIr of the by:
Rev Campbell
TJse
Mrs Johnston
Trustee
Thg notes on pages 8 to 14 lomi prt of these flnanelal statements.
## **Dorcas Ministries International**
## **Company Limited by Guarantee**
## **Statement of Cash Flows**
## **Year ended 31 December 2023**
|**Cash flows from operating activities**
Net income
_Adjustments for:_
Accrued expenses
_Changes in:_
Trade and other debtors
Cash generated from operations
Net cash (used in)/from operating activities
**Net (decrease)/increase in cash and cash equivalents**
**Cash and cash equivalents at beginning of year**
**Cash and cash equivalents at end of year**
|**2023**
2022
**£**
£
6,185
(11,659)
(550)
-
(6,833)
7,128
(1,198)
(4,531)
(1,198)
(4,531)
(1,198)
(4,531)
5,579
10,111
4,382
5,579|
|---|---|
**The notes on pages 8 to 14 form part of these financial statements.**
**7**
## **Dorcas Ministries International**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements**
## **Year ended 31 December 2023**
## **1. General information**
The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 38 Owenskerry Lane, Fivemiletown, Co Tyrone, BT75 0SP, Northern Ireland.
## **2. Statement of compliance**
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
## **3. Accounting policies**
## **Basis of preparation**
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
## **Going concern**
There are no material uncertainties about the charity's ability to continue.
## **Judgements and key sources of estimation uncertainty**
The Company assets and liabilities are based on specific calculations with the exception of it's accrual for accountancy. The accountancy accrual has been estimated in conjunction with the accountants.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
**8**
## **Dorcas Ministries International**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **3. Accounting policies** _**(continued)**_
## **Incoming resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## **Resources expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
**9**
## **Dorcas Ministries International**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **3. Accounting policies** _**(continued)**_
## **Financial instruments**
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
**10**
## **Dorcas Ministries International**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **4. Limited by guarantee**
The liability of each member is limited to £1, being the amount that every m,ember of the Company undertakes to contribute to the assets of the Company, in the event of the same being wound up while he or she is a member, or within one year after he or she or it ceases to be a member, for payment of debts and liabilities of the Company contracted before he or she or it ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves.
## **5. Donations and legacies**
|**Donations**
Donations direct from Members of the
Public
Donations from Dorcas Missionary Trust|Unrestricted
Funds
**Total**
**Funds**
**2023**
Unrestricted
Funds
Total
Funds
2022
£
**£**
£
£
89,001
**89,001**
74,792
74,792
3,254
**3,254**
14,500
14,500|
|---|---|
||92,255
**92,255**
89,292
89,292|
## **6. Costs of raising donations and legacies**
|**Costs of raising donations and legacies**||
|---|---|
|Costs of raising donations and legacies -
Donations|Unrestricted
Funds
**Total**
**Funds**
**2023**
Unrestricted
Funds
Total
Funds
2022
£
**£**
£
£|
||-
**-**
-
-|
## **7. Expenditure on charitable activities by fund type**
|Activity type 1
Support costs|Unrestricted
Funds
**Total**
**Funds**
**2023**
Unrestricted
Funds
Total
Funds
2022
£
**£**
£
£
73,275
**73,275**
93,861
93,861
12,794
**12,794**
7,089
7,089|
|---|---|
||86,069
**86,069**
100,951
100,951|
**11**
## **Dorcas Ministries International**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **8. Expenditure on charitable activities by activity type**
|Activities
undertaken
directly
Support
costs
£
£
Activity type 1
73,275
13,344
Governance costs
-
(550)
73,275
12,794
**.**
**Independent examination fees**
Fees payable to the independent examiner for:
Independent examination of the financial statements|Activities
undertaken
directly
Support
costs
£
£
73,275
13,344
-
(550)|**Total funds**
**2023**
Total
fund
2022
**£**
£
**86,619**
93,861
**(550)**
7,089
**86,069**
100,951
**2023**
2022
**£**
£
(550)
-|
|---|---|---|
||73,275
12,794||
|||(550)
-|
## **9. Independent examination fees**
## **10. Staff costs**
The average head count of employees during the year was Nil (2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
## **11. Trustee remuneration and expenses**
No remuneration was paid by Dorcas Ministries International to any of its Trustees throughout the year ended 31st December 2023.
## **12. Debtors**
|Other debtors|**2023**
2022
**£**
£|
|---|---|
||5,690
-|
## **13. Creditors: amounts falling due after more than one year**
|Creditors
Accruals
Accruals and deferred income|**2023**
2022
**£**
£
-
1,143
-
550|
|---|---|
||-
1,693|
**12**
## **Dorcas Ministries International**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **14. Analysis of charitable funds**
## **Unrestricted funds**
|General funds
General funds
**5.** **Analysis of net assets between funds**
Current assets
Creditors less than 1 year
**Net assets**
Current assets
Creditors less than 1 year
**Net assets**|At
1 January
2023
Income
£
£|Expenditure
**At 31**
**December**
**2023**
£
£|
|---|---|---|
||3,886
92,255|(86,069)
10,072|
||At
1 January
2022
Income
£
£|Expenditure
At 31
December
2022
£
£|
||15,545
89,292|(100,951)
3,886|
|||Unrestricted
Funds
**Total**
**Funds**
**2023**
£
**£**
10,072
10,072
-
-
10,072
10,072
Unrestricted
Funds
Total
Funds
2022
£
£
5,579
5,579
(1,693)
(1,693)
3,886
3,886|
## **15. Analysis of net assets between funds**
**13**
## **Dorcas Ministries International**
## **Company Limited by Guarantee**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 December 2023**
## **16. Financial instruments**
|**Financial assets that are debt instruments measured at amortised**
Financial assets that are debt instruments measured at amortised cost
**Financial liabilities measured at amortised cost**
Financial liabilities measured at amortised cost|**2023**
2022
**£**
£
**cost**
10,072
5,579|
|---|---|
||-
1,693|
## **17. Analysis of changes in net debt**
|Cash at bank and in hand|At
1 Jan 2023
Cash flows
**At**
**31 Dec**
**2023**
£
£
**£**
5,579
(1,198)
4,382|
|---|---|
**14**