COMPANY REGISTRATION NUMBER: N1614721 CHARITY REGISTRATION NUMBER: NIC104734 North West Methodist Mission Company Limited by Guarantee Financial Statements 31 December 2023 DONALDSON & THOMPSON Chartered Accountants & statutory auditor 3 Limavady Road Londonderry BT47 6JU North West Methodist Mission Company Limited by Guarantee Financial Statements Year ended 31 December 2023 Page Trustees, annual report (incorporating the directovs report) Independent auditor's report to the members 12 Statement of financial activities (including income and expenditure account) 16 statement of financial position 17 statement of cash flows 18 Notes to the financial statements 19 North West Methodist Mission Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) Year ended 31 December 2023 The trustees, who are also the direclors for the purposes of company law, present their report and the financial statements ofthe charity for the year ended 31 December 2023. Reference and administrative details Registered charity name North West Methodist Mission Charity registration number NIC104734 Company registration number N1614721 Principal office and registered 36 Clooney Terrace office Londonderry BT47 6AR The trustees Mrs J Doherty (Co Secretary) {Resigned 21 December 2023) Mr J Gibson Ms M Hamilton Ms T R Hegarty (Vice Chairl Mr M Johnston ffreasurerl Dr W P Leeson Mr J G Lusby Miss J Mccandless Rev P Morris Dr M Parker Rev Dr S F Skuce (Chair) Mrs H Wray (Appointed 21 December 2023) (Appointed 13 September 2023) Mission Director Liam Milligan Auditor Donaldson & Thompson Chartered Accountants & statutory auditor 3 Limavady Road Londonderry BT47 6JU Bankers Ulster Bank Ltd 29 Clooney Terrace Waterside Londonderry BT47 6AS Solicitors Babingtons Solicttors 9 Limavady Road Londonderry BT47 6JU North West Methodist Mission Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 December 2023 Structure, governance and management North West Methodist Mission is part of the Methodist Church in Ireland and is a charitable company limited by guarantee, incorporated on 1st October 2012, accepted as a charity by HM Revenue & Customs under reference XT39218 and registered wrth the Charity Commission for Northern Ireland on 8th February 2017 under charity number NIC104734. The company was established under a Memorandum of Association which states the objects and powers of the charitable company and is govemed under tts Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1. North West Methodist Mission is a provider of Supporting People services. a5 accredited bythe Northern Ireland Housing Executive. Govemance During the year the Mission Board met quarterly. The Board membership as a whole is noted annually at the Methodist Conference in Ireland. The Board continues to monitor its membership. A skills audit of the Board membership has taken place and is reviewed on a regular basis. A Register of Interest5 for Board Members is also maintained. Declaration of interests is a standing item on all of the agendas for Board meetings. The Board has devised a Conflicts of Interests Policy as well as financial policies and procedures. The Board provides training to Trustees in various areas to ensure good governance. Board members must always act in the best interests of NWMM and as such are covered by qualifying for third party indemnity provision, which has been in place throughout the past year and will remain in place. Policies are reviewed and updated on a circulatory basis and also in response to legislative changes, while new policies and procedures are devised as required. In line with new requirements the Board will review its Safeguarding of Vulnerable Adults and Children Policy on an annual basis. The Board has devolved some of its powers to the Executive Board, comprising the Office Bearers, which meets when necessary. North West Methodist Mission Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2023 Structure, governance and management {continued) Primary Purposes Mission The purpose of NINThAM is to demonstrate faith in action by responding effectively to the needs of people in the North West and enable them to achieve their potential Vision The vision of NWMM is of a society enriched by a commitment to promote social justice in all aspects of life Values Social justice A commitment to the principles of equality, solidarity and human rights that recognises the dignity of every human being Empowerment Supporting the development of individuals and communities to take more responsibility for, and control of, their own lives Compassion Living our faith in action through selfless concem for others Inclusion & Diversity A commitment to a welcoming hospitality that treats everyone wth dignity and respect, celebrates diversity, and enables the marginalized to feel they belong Responsiveness Respond effectively to the changing needs and aspirations of the local community Integrity Being open and transparent in all our activities - doing what we say and saying what we mean Risk management During 2023 the Mission Board and Senior Management considered the major risks that the charity faces through its strategic planning process. This enables compliance with relevant regulations and legislation. The Mission Board has devised a Risk Register, and this is reviewed at each of our meetings. During the yearrisk assessments foreach occupational area were reviewed and updated as appropriate by the Senior Management team. A Fixed Assets list has been completed. In respect of financial risk, the Board receives regular financial reports wth systems and controls in place to mitigate significant financial risks. Finance policies are reviewed and updated. During these uncertain economic conditions. we continue to review our business risks. The current external environment continues to have a significant impact due to inflation and cost of living crisis. We continue to maintain positive relations with our clients, funders and stakeholders. North West Methodist Mission Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors. Report) (continued) Year ended 31 December 2022 Objectives and activities Primary Objectives North West Methodist Mission has within its Strategic Plan 2020 2025 eight core objectives.. Homelessness To respond effectively to homelessness in the North-west. Community To respond effectively to the needs of the local community in the North-west. Collaboration To ensure that NWMM collaborates effectively with other churches and organisations in achieving its mission. Communications To ensure effective communication with NWMM internal and external stakeholders Finance To ensure that NWMM has the financial resources it requires to achieve its plans and these resources are effectively and efficiently managed. Human Resources To ensure that NWMM has the staff and volunteers that it needs to achieve its plans and these volunteers and staff are effectively utilized, valued, supported and managed. Premises and Physical Resources To ensure that NWMM has the premises and other physical resources it requires to achieve its aims and priorities efficiently and effectively and these resources are well managed and maintained. Governance To ensure that the governan￿ and structure of NWMM are fit for purpose and comply with the requirements of the law and best practice. Public Benefit The Trustees have considered relevant charity legislation. which sets out the requirements for charities lo demonstrate their aims and activities are for public benefit. The Trustees confirm that they have had regard to the Charity Commission for Northern Ireland guidance on public benefit. Homeless The direct benefit flowing from our purposes include reduced numbers of men, women and children experiencing homelessness. The support of clients in our service to overcome the causes that lead to them becoming homeless in the first place. enabling them to integrate back into the community and sustain tenancies. This reduces the pressure on other statutory services as a result of harm reduction interventions whilst in our service. The wider community benefits due to a reduction in rough sleeping and anti social behaviour. Society benefits as clients acquire skills and become able to live independently and seek training andlor employment. On the basis of an established track record of providing highly regarded and quality based services. continued accreditation by the Nl Housing Executive, and financial reserves, the Trustees are satisfied that there are adequate resources available to continue operating for the foreseeable future. North West Methodist Mission Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (continued) Year ended 31 December 2022 Strategic report The following sections summarise the key achievements, performance and financial review of the charity. Achievements and performance Current need The statistics in the Dfc Bulletin paint a bleak picture for the state of homelessness in Northern Ireland as the number of households living in temporary accommodation continues to increase. Over the last five years, the number of households in temporary accommodation has more than doubled. In January 2024 over 4,500 households were living in temporary accommodation. an increase of over 600 since January 2023 and a rise of almost 121 /0 since 2019. Between July and December 2023, just under 8.200 households presented to the Housing Executive as homeless. This was an increase of 90/0 on the same period in 2022. Just over 5,300 households were accepled as homeless, a rise of over 9 % when compared to the same period in 2022. The Bulletin also reveals that in January 2024, the number of children living in temporary accommodation in Northern Ireland rose to over 4,800 - an increase of 60/0 since July 2023. Of these children, over 3.100 were aged nine and under. 482 of these children were aged under 1. In January 2019, just over 2,400 children were living in temporary accommodation. The number of children living in temporary accommodation has increased by 99Q/o since then. In addition to highlighling the continued increase in those seeking temporary accommodation. the Dfc Bulletin provides a geographical breakdown of homelessness presentations. Belween July and December 2023, Belfast City Council area recorded the highest number of presentations at a rate of 7 presentations per 1,000 people (2,425 people). This was followed by Derry and Strabane Council who had 6.4 presentations per 1,000 people (964 people) and then Antrim and Newtownabbey Council with 4.6 presentations per 1,000 people (678 people). Performance The delivery of services is against a backdrop of increasing demand. Men's Hostel Referrals Admissions Move On utilisation Occupancy 472 88 88 94.3% 95.5% Clarendon Shelter Women & Children Referrals Admissions Move On Utilisation Occupancy 96 27 27 North West Methodist Mission Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (continued) Year ended 31 December 2022 Achievements and performance (continued) Achievements NWMM has undertaken a review of investments and designated funds for the development of move on accommodation during the year. Agreement was also reached with Clooney Hall Church and the Methodist Church in Ireland for the purchase of a property for the project. Policy reviews have been completed with the organisations HR and Operational Policies all having been reviewed and updated during the year. A range of activities continue to be delivered and development to enhance the support provided to our clients. these include= Aflernoon tea's. themed meal nights & quizzes Daytrips MENTALK Programme aimed at addressing loneliness and social isolation. Cooking nutritious meals on a budget Marking key days and events such as International Women's Day. Mental Health Awareness Day, Volunteers Week, Healthy Eating Week and Homeless Awareness Week We continue to fundraise and develop our social media profile and presence with several key events delivered during the year: The Mission was instrumental in bringing Still Somebody - Voices for Change Photographic Exhibition to the city in May. The images are powerful, evocative and speak the truth about some of the circumstances and factors that for￿ people into homelessness. The aim is to stress the scale and scope of the problem and show that it can happen to anyone. The event was held over four days in the Guildhall with Guest speakers including the Mayor Sandra Duffy, Nicole Lappin, Chair of the Housing Executive, Liam Milligan, Mission Director and Cormac McArt. Director of Westcourt Centre. Belfast and curator of the exhibition. Successful return of Tour de Foyle after two years with over go participants. A huge thank you to all who took part and to volunteers, Marshalls and all the Rapid Relief Team. the Executive Office without whose support we could not run the event. London Marathon a huge thank you to Pauline Mullan from Limavady who ran the London marathon donating all the proceeds to support our Clarendon Shelter Service for Women and Children. We secured £25.000 from the Joseph Rank Trust to assist our clients through the cost of living crisis. We ran a marketing and awareness campaign during Homelessness Awareness Week which included high profile billboards across the city and a social media campaign featuring former residents video testimonials on their lived experience of homelessness and the support they received from the Mission. North West Methodist Mission Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors. Report) (continued) Year ended 31 December 2022 Achievements and performance (continued) We continue our Partnership with the United Methodist Church Global Ministries welcoming a second Global Mission Fellow to the Mission and the City to assist with social media. communications. and our Homelessness Awareness Outreach Programme. We are grateful both to Camille and Tino for their vocation and presence in our Mission. We attended a meeting with the Department for Communities and the Northern Ireland Housing Executive in October to discuss the budget and ongoing pressures for organisations in the sector as a result of the cost-of-living crisis and lack of an Assembly. We continue to lobby on key issues experienced by our sector and our clients. We hosted a visit lo the Mission by Mr. Colum Boyle, Permanent Secretary, Department for Communities at the beginning of November 2023. Colum met with both slaff and residents and reflected on his visit saying: "I was extremely impressed with your scheme and noted that it offers tenants a much-needed feeling of security along with a significant level of independence. I believe this is vital for all our supportlng people tenants and your scheme demonstrates how well it addresses the core alm of the SP policy by really supporting people to live more independently in the communlty. I was especially pleased to talk to John and Sean and meet the other men who live at Crawford Square. I could see how restful and lively an environment it is, not only in the lounge but also in the gym tool Your facilities and your staff really do go above and beyond to ensure vulnerable people in our soclety feel cared for and vital." North West Methodist Mission Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (continued) Year ended 31 December 2022 Achievements and performance (contlnued) What our clients say about us. Clarendon Shelter Women & Children .1 reached out for help, and I decided to Gome to Clarendon. and it was the best decision of my life- . Andrea "Thank you for all you have done for me and the boys. From having my bad days to good days you were always there. I thank you from the bottom of my heart always-. - Lauren hank you to all the girls in Ashmore for being so kind and helpful" _ Roisin hank you so much for the presents. They really helped me out at Christmas-. - Susan 'Thank you for your kindness that can never be repaid and your understanding and the difference it makes". - Kerry 'Thank you for all you do for us. Thmugh every dark cloud you helped me see a brighter day.: - Demi Men's Hostel. "You really felt loved within the Hostel. There wasny a day passed where you really felt self-worth where I never had that.-_ Robert "If it wasny for the staff at the hostel I dony where I would be today- _ Gerard -The hostel gave me a chance to get my life back on track- _ Enrico he staff at the hostel treated me with respect and never judged me, I will never forget what they have done for me-. - Noel 'The Men s Hostel saved my life and gave me a chance to live independently agaln". - Keith North West Methodist Mission Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (contlnued) Year ended 31 December 2022 Financial review Review of activities 2023 The Statement of Financial Activities for the year ended 31 December 2023 is set out on page 15 of the Financial Statements. The company returned a surplus for the year of £72,275 after other recognised gains and losses. Income generated from the company's activities was £1,636,999 (2022 - £1.646.113) of which 67 /0 was grants from the Nl Housing Executive and the Western Health Social Care Trust. Support services are regulated and funded by the Supporting People policy and funding framework. which is administered by the Northern Ireland Housing Executive. The Mission Board share collective responsibility and are committed to good stewardship of funds received, a high standard of service provision and a prudent reserves policy. The aims and objectives for 2023 included continuing enhancement of quality services. greater participation of residents, the strengthening of resettlement services. actively supporting residents to "move- on. and to sustain more independent tenancies. The Mission Board is pleased to report that significant progress has been made to meet the aims and objectives during 2023. A budget income and expenditure account including the above objectives is prepared at the start of each financial year and the 2023 objectives were met. A decision was taken by the Trustees to separate the finances of Clooney Hall Church from NWMM in order to streamline reporting and reduce the burden on church volunteers. The accounts for 2023 reflect this change. The NWMM Board considers it prudent to hold funds in reserve in case unforeseen circumstances should lead to financial difficulties. which might put the future of its employment capacity, residents, well-being, general mission work and property in jeopardy. Reserves may be defined as reslricted or unrestricted. Restricted reserves relate to surpluses accumulated as a result of a binding restriction by the donor over the use of the income donated. Unrestricted reserves relate to surpluses accumulated from all other sources of income and will be applied to general purposes within the company at the discretion of the Board. Designated reserves refer to that portion of unrestricted reserves which the Board has allocated for a specific purpose. The Board considers 1000/0 of annual operating costs to be adequate reserves. Accumulated reserves as at 31 December 2023 were £1,432,958, (2022 £1,520.919) of which £744,490 were designated funds and £36.628 (2022 - £69,356) were restricted funds. North West Methodist Mission Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2023 Plans for future poriods Continue to provide high quality temporary accommodation and support to homeless men including harm reduction support through our Men's Hostel. Continue to provide refuge and temporary accommodation to women fleeing domestic abuse, homeless single women and children via our Clarendon Shelter services. Continue to work in partnership and build sustainability. Explore and research longer-term accommodation solutions for our service users. Continue to provide other services such as the Drop-in Centre, Parent & Toddler Group, and Luncheon Club. Further develop Clooney Centre as a community resource Further develop and communicate the work of the Five Missions Forum Continue to develop and deliver our homelessness education and awareness programme to schools and community organisations within the region Continue to invest in the skills and development of our Trustees, staff and volunteers through appropriate training and development opportunitie5 both on and off the job Continue to ensure quality standards are understood and met across the organisation Ensure our core values and clients are at the centre of all we do Trustee5' responsibllities ststement The trustees, who are also directors forthe purposes of company law, are responsible for preparing the trustees. report and the fi'nan¢ial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to.. select suitsble accounting policies and then apply them consistently.. observe the methods and principles in the applicable Charities SORP,. make judgments and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Standard5 have been followed. subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to Show and explain the charity's transath-ons and disclose with reasonable accuracy at any time the financial position of the charity 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 chanty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 10 North West Methodist Mission Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 December 2023 Auditor Each of the persons who is a trustee at the date of approval of this report confimis that- so far as they are aware, there is no relevant audit infomiation of which the charity's audrtor is unaware" and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish thatthe charity's audrtor is aware of that information. The auditor is deemed to have been re-appointed in accordance wth section 487 of the Companies Act 2006. The trustees. annual report and the strategic report were approved on 22 May 2024 and signed on behalf of the board of trustees by= Mr M Johnston (Treasurer) Trustee 11 North West Methodist Mission Company Limited by Guarantee Independent Auditor's Report to the Members of North West Methodist Mission Year ended 31 December 2023 Opinion We have audited the financial statements of North West Methodist Mission (the 'charity') for the year ended 31 December 2023 which comprise the statement of financial activits.es (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial ieporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements- give a true and fair view of the state of the charity's affairs as at 31 December 2023 and of its incoming resource5 and application of resources. including its income and expenditure, for the year then ended- have been properly prepared in accordance with United Kingdom Generally AGcepted Accounting Practice; have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Stsndards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilits'es under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities, in the circumstances set OLrt in note 27 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and approprrate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial statements. we have concluded thatthe trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authortsed for issue. Our responsibilities and the responsibilities of the trustees wth respect to going concem are described in the relevant section5 of this report. 12 North West Methodist Mission Company Limited by Guarantee Independent Auditor's Report to the Members of North West Methodist Mission fcontinuedj Year ended 31 December 2023 Other information The other information comprises the information included in the annual report, other than the financial statements and Dur auditorfs report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othenmise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the Iinancial statements or a material misstatement ofthe other information. If. based on the work we have performed. we conclude that there is a material misstatement of thi5 Other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, report for the financial year for which the financial statements are prepared is Gansi5tent with the financial statements; and the trustees, report has been prepared in accordance wtth applicable legal requirements. Matters on which w8 are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, repart. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns; or certain disdosures Df trustees, remuneration specified by law are not Tnade-, or we have not received all the information and explanations we require for our audit. 13 North West Methodist Mission Company Limited by Guarantee Independent Auditorfs Report to the Members of North West Methodist Mission (continued) Year ended 31 December 2023 Responsibilities of trustees As explained more fully in the tru5tees' responsibilities slatement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to ￿ase operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements a5 a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wtth ISAS (UK) will always delect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate: they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecling irregularities, including fraud is detsiled below. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This rtsk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial stalements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also- Idents-fy and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting trom error, as fraud may involve collusion, forgery, intentional ornissions, misrepresentations, or the override of internal control. Obtain an understanding of intemal control relevant to the audit in orderto design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal Gontrol. Evaluate the appropriatenes5 of accounting policie5 used and the reasonableness of accounting estimates and related disclosures made by the trustees. 14 North West Methodist Mission Company Limited by Guarantee Independent Auditor's Report to the Members of North West Methodist Mission feontlftuedj Year ended 31 December 2023 Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and. based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast signrficant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the dale of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whelher the financial statements represent the undedying transactions and event5 in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned Scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity'5 members. as a body, in accordance with Chapter 3 of Part 16 ofthe Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law: we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. Alistair Sterritt (Senior Statutory Auditor) For and on behalf of Donaldson & Thompson Chartered Accountants & statutory auditor 3 Limavady Road Londonderry BT47 6JU 22 May 2024 15 North West Methodist Mission Company Limited by Guarantee statement of Financial Activities (including income and expenditure account) Year ended 31 December 2023 2023 Restricted funds Total funds 2022 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable adivities Other trading activib-es Inveslmenl income 21,181 676,678 4,448 9,469 21.181 1,601,901 4,448 9,469 72,025 1,561,520 6.338 6,230 925,222 Total income 711,776 925,222 1,636,999 1,646,113 Expenditure Expenditure on raising funds- Costs of other trading activities Expenditure on charitable activities Total expenditure 347 724,393 347 1,715.369 50 1,591,010 10,11 990.975 724,740 990.975 1.715.716 1,591.060 Net (expenditure)lincome (12,964) (65,753) (78,717) 55.053 Transfers between funds 133,025) 33,025 Other recognised gains and losses Gainsl(losses) from revaluation of fixed a55ets 27,384 27,384 {126,811) 171.758) Net movement in funds (18,605) (32,7281 (51,333) Reconciliation of funds Total funds brought forward Total funds carried forward 1,451,563 69,356 1,520,919 1,592,677 1.432,958 36,628 1.469,586 1,520,919 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 19 to 30 form part of these flnanclal statements. 16 North West Methodist Mission Company Limited by Guarantee Statement of Financial Position 31 December 2023 2023 2022 Fixed assets Tangible fixed assets 16 16,963 14,945 Current assets Debtors Investments Cash at bank and in hand 17 18 65,387 648.828 949,471 57,352 656.998 956,090 1.663.686 1,670,440 Creditors: amounts tslling due within one year Net current assets 20 211,063 164,466 1.452.623 1.505,974 Total assets less current liabilities 1.469,586 1.520,919 Net assets 1,469,586 1.520,919 Funds of the charity Restricted funds Unrestricted funds.. Revaluation reserve Other unrestricted income funds 36,628 69,356 27,384 1,405,574 1,451,563 Total unrestricted funds 1,432,958 1.451.563 Total charity funds 22 1,469,586 1,520,919 These financial statements were approved by the board of trustees and authorised for issue on 22 May 2024, and are signed on behalf of the board by.. Mr M Johnston ITreasurer) Trustee Rev Dr S F Skuce (Chair) Trustee The notes on pages 19 to 30 fonn part of these financial ststements. 17 North West Methodist Mission Company Limited by Guarantee Statement of Cash Flows Year ended 31 December 2023 2023 2022 Note Cash flovls from operating activities Net {expenditure}lincome (78,717) 55.053 Adjustments for." Depreciation of tangible fixed assets Dividends, interest and rents from investments Accrued income 7,069 {9,469) (7,328) 6,761 (6,230) {69,986) Changes in.. Trade and other debtors Trade and other creditors 16,976 24,011 (47,458) (47,4S8) 15.661 45,777 Cash generated from operations Net cash (used in)lfrom operating activities 47,036 47,036 Cash flov￿ from investing activities Dividends, interest and rents from investments Purchase of tangible assets Purchases of other investments other investing cash flow adjustment Net cash froml(used in) investing activities 9,469 (9,087) 6,230 (10,494) (80,000) 35,554 35,936 (84,264) Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (11,522) 955,554 {37,228) 992,782 19 944,032 955,554 Tliv iiul¥?• Vli Pdye?> 19 lu 30 furiii Vdrl uf Uivii¥ niidllL'l