COMPANY REGISTRATION NUMBER: NI635301 CHARITY REGISTRATION NUMBER: 103832
Dorcas Ministries International Company Limited by Guarantee
Unaudited Financial Statements
31 December 2024
Dorcas Ministries International
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2024
| 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 2024
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 2024.
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.
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Dorcas Ministrles International Company Limited by Guarantee Trustees, Annual Report (Incorporaling the Director's Report) (wilinu•J) Year ended 31 December 2024 Objectives and activities The Charity's objects ("Objects') shall be undertak¢n in accordance with a Christian ethos and aTe specifically restricied th ihe following.. (a) For the lief of poverty. sickness. disease or human suffeTing, the advancement of education and thc relief of those in need in Kenya and its environs in Afri¢a by. in particular bui not exclusively, the provision, or assistance in (he provision, of schools. IKK>ks. orphanage5. financial assisianee, mcdica] supplies, feeding programmes, huJnan1Ia aid. equipment, clothing and by any other m¢ans as ihe directors shall Consider appmpriate'(b) To advance religion by promoting the theological and spiritual training of potential leaders of the churcbes of Africa and working in conjunction with the Christia theoloCal institutions in Aftic& Strateglc report The following sections for achievements and Ferfonnance and financial review forni the stTategic report of the Ch1¢Y. Achievemenls and perfornw The Charity, in conjunction with its sister charlty. Ikjwas Missionary TrnsL continued to achieve ir's goal of using donations received io assist ID the theological training al educational & orphanage nding An Africa. Financial rewieiv The Trnsi¢es consider thai the charity is opering sm(Kbthly. MO subsrantial costs aTe dIre1103ry and depend on income available. As such the Trnstces deem thai the Icvel of funds held in the bank on reserve at the end of the year as being within the thrget rdnge io meei its financial aims. The trustees, amiual Tewbrt and the styagic report We approved on 13 on beha]f of the board of trustees by: and gigned Rev Campbell Trnstee Mrs Johnsion Trus*e
Dorcas Ministries International
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Dorcas Ministries International
Year ended 31 December 2024
I report to the trustees on my examination of the financial statements of Dorcas Ministries International ('the charity') for the year ended 31 December 2024. 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:
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examine the accounts under section 65 of the Charities Act
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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.
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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:
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That accounting records were not kept in accordance with section 386 of the Companies Act 2006.
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That the accounts do not accord with those accounting records.
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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.
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That there is further information needed for a proper understanding of the accounts to be reached.
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Dorca8 Mlnlstrles Iniernatlonal Company Llmlt•d by Guarante• Independenl Examlnor's Report lo Ihe Tnwie•• of Dorca8 Mlnl•trle• Internaiional 1•x) Year ended 31 December 2024 Independent tx•mlner's sL91emtnt I huve Lompleicd my exuminaiion und hpvc no L¢m5 in r¢gpc¢l uf Ihe maticrs (l ) to141 limed
nd. In LvnncLiion with lullowing Ihc Dirt&ii(>n% ihe Chorii), cvmm1&%i North¢rn IrclllTrJ. I h4vc
found M mai* that require drnwing lo your thenliTri. George Johnilon 19 Iniyhmore Road Gol LI%11uW Ci) Fermdn&8h BIY)4 SDY Dal¢d
Dorcas Ministries International
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 December 2024
| 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 |
2024 Unrestricted funds Total funds £ £ 187,489 187,489 187,489 187,489 - - 173,639 173,639 173,639 173,639 13,849 13,849 10,072 10,072 23,921 23,921 |
2023 Total funds £ 92,255 92,255 - 86,069 86,069 6,185 3,886 10,072 |
|---|---|---|
The notes on pages 8 to 14 form part of these financial statements.
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Dorcas Mlnislrles International Company Limited by Guarantee Statement of Financial Posilion 31 December 2024 2023 Note cUrt assets Debtor5 Cash at bank and in hand 12 20,840 3,081 5,690 4,382 Net turrent &fsets 23,921 10,072 To¢al assets le&8 curren¢ Ilabllltles 23.921 10.072 Creditors: amounts C8]ling due after more than one year 13 Net assets 23.921 10,072 14mds ofthe ehrtty Ullrestricted funds 23,921 10.072 Totsl charity funds 14 23.921 10,072 For the year ¢nding 31 DecemEtr 21n4 the charity was entitled to exemptton from audit under section 477 of the Companies Aci 2(Kkn relaling w small coJnpanies. Directors, responslbiltti. The members have nol required the company to obtain an audit of its financia] Smertts for the yeor in question in accordance with section 476. The direciors xknowledge their reSnSIbilItieS for complying with the r4uirements of the Act with respect to accounting records and the preparntion of financial s(atements. These financial slaternents have Een prepared in a¢coTdMnce with tkn provisions applicable to companies subject to the small companies. regime. Th¢sc zz Inancial statemenis were approved by th¢ b0d of trustees and authorised for issue on and are signed on behalf of the Erfwd by: Helth ¥ts kr4$ èon Rev Campbell Trustee Mrs Johnston Tnisiee Thé not88 on pages 8 to 14 fomi part of th•sè ffinancial staternents.
Dorcas Ministries International
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 December 2024
| 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 |
2024 2023 £ £ 13,849 6,185 - - (15,150) 7,128 |
|---|---|
| (1,301) 13,313 |
|
| (1,301) 13,313 |
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| (1,301) 13,313 4,382 10,111 |
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| 3,081 4,382 |
The notes on pages 8 to 14 form part of these financial statements.
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Dorcas Ministries International
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2024
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.
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Dorcas Ministries International
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
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:
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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.
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legacy income is recognised when receipt is probable and entitlement is established.
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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.
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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:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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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.
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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.
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Dorcas Ministries International
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
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.
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Dorcas Ministries International
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
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 2024 Unrestricted Funds Total Funds 2023 £ £ £ £ 187,489 187,489 89,001 89,001 - - 3,254 3,254 |
|---|---|
| 187,489 187,489 92,255 92,255 |
6. Costs of raising donations and legacies
| Costs of raising donations and legacies | |
|---|---|
| Costs of raising donations and legacies - Donations |
Unrestricted Funds Total Funds 2024 Unrestricted Funds Total Funds 2023 £ £ £ £ |
| - - - - |
7. Expenditure on charitable activities by fund type
| Activity type 1 Support costs |
Unrestricted Funds Total Funds 2024 Unrestricted Funds Total Funds 2023 £ £ £ £ 169,558 169,558 73,275 73,275 4,081 4,081 12,794 12,794 |
|---|---|
| 173,639 173,639 86,069 86,069 |
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Dorcas Ministries International
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
8. Expenditure on charitable activities by activity type
| Activities undertaken directly Support costs £ £ Activitytype1 169,558 4,081 Governancecosts - - 169,558 4,081 Independent examination fees Fees payable to the independent examiner for: Independent examination of the financial statements |
Activities undertaken directly Support costs £ £ 169,558 4,081 - - |
Total funds 2024 Total fund 2023 £ £ 173,639 73,275 - 12,794 |
|---|---|---|
| 169,558 4,081 |
173,639 86,069 |
|
| 2024 2023 £ £ - - |
||
| - - |
9. Independent examination fees
10. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: 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 2024.
12. Debtors
| Other debtors 3. Creditors: amounts falling due after more than one year Creditors Accruals Accruals and deferred income |
2024 2023 £ £ |
|---|---|
| 20,840 5,690 |
|
| 2024 2023 £ £ - - - - |
|
| - - |
13. Creditors: amounts falling due after more than one year
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Dorcas Ministries International
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
14. Analysis of charitable funds
| General funds General funds |
At 1 January 2024 Income Expenditure At 31 December 2024 £ £ £ £ |
|---|---|
| 10,072 187,489 (173,639) 23,921 |
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| At 1 January 2023 Income Expenditure At 31 December 2023 £ £ £ £ |
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| 3,886 92,255 (86,069) 10,072 |
15. Analysis of net assets between funds
| Current assets Creditors less than 1 year Net assets Current assets Creditors less than 1 year Net assets |
Unrestricted Funds Total Funds 2024 £ £ 23,921 23,921 - - |
|---|---|
| 23,921 23,921 |
|
| Unrestricted Funds Total Funds 2023 £ £ 10,072 10,072 - - |
|
| 10,072 10,072 |
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Dorcas Ministries International
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
16. Financial instruments
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Financial assets that are debt instruments measured at amortised cost | |||
| Financial assets that are debt instruments measured at amortised cost | 23,921 | 10,072 | |
| Financial liabilities measured at amortised cost | |||
| Financial liabilities measured at amortised cost | - | - |
|
| 7. Analysis of changes in net debt | |||
| At 1 Jan 2024 |
Cash flows | At 31 Dec 2024 |
|
| £ | £ | £ | |
| Cash at bank and in hand | 4,382 | (1,301) |
3,081 |
17. Analysis of changes in net debt
14