COMPANY REGISTRATION NUMBER: N1614721
CHARrrY REGISTRATION NUMBER: NIC104734
North West Methodist Mission
Company Limited by Guarantee
Financial Statements
31 December 2024
DONALDSON & THOMPSON
Chartered Accountants & statutory auditor
3 Limavady Road
Londondery
BT47 6JU

North West Methodist Mission
Company Llmited by Guarantee
Flnanclal Statements
Year ended 31 D8c8mber 2024
Page
Trustees. annu81 report (incorporating the dir8Ctors' report)
Independent auditorfs report to the members
Statement of financial activities (including income and
expenditure account)
Statement of financial position
12
16
17
Statement of cash flows
18
Notes to the financial statements
19

North West Methodist Mission
Company Llmited by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrectors. Report)
Year ended 31 December 2024
The trustees, who are also the directors for the purposes of company law, present their report and th6
financial sta16ments of the charity for the year ended 31 December 2024.
Reference and admlnlstratlvo detslls
Reglstered charlty name
North West Methodist Misslon
Charlty reglstratlon number
NIC104734
Company reglstratlon numbor N1614721
Prlnclpal offlco and reglster•d 36 Clooney Terrace
offlce
Londonderry
BT47 6AR
The trusteos
Mr J Glbson
Ms M Hamillon
Ms T R Hegarty (Wice Chalr)
Mr M Johnslon (Treasurer)
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
Ml38lon Dlrector
Llam Milligan
Audltor
Donaldson & Thompson
Chartered Accountants & statutory audltor
3 Limavady Road
Londonderry
BT47 6JU
Bankers
Ulster Bank Ltd
29 Clooney Terrace
Waterside
Londonderry
BT47 6AS
Sollcltors
Babinglons Solicitors
9 Limavady Road
Londonderry
BT47 6JU

North West Methodist Misslon
Company Llmltad by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrectors. Report) (¢ontlnu•d)
Year ended 31 Decembor 2024
Structure, govarnance and management
North West Methodlsl Mission is part of th8 Methodist Church in Ireland and is a charilable company
Ilmlled by guarantee, incorporated on 1st October 2012, accepted as a charity by HM Revenue &
Customs under reference XT39218 and registered with the Charity Commission for Northern Ireland
on 8th February 2017 under charity number NIC104734.
The company was estsblished under a Memorandum of Asso¢latlon which slates the objects and
powers of the charllable company and Is governed under its Artlcles of Association. In the event of
the company being wound up, members are required to contribute an arnount not exceeding £1,
North West Methodist Mission Is a provider of Supportlng People services, as accredited by the
Northern Ireland Houslng Executive.
Govern8nce
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 skllls audlt
of the Board membership has taken place and is reviewed on a regular basls. A Register of Interests
for Board Members is also maintain@d. Declaration of interesls Is a standing item on all of the agendas
for Board maetings. The Board has devised a Confllcts of Interests Policy as well a5 financlal pollcl89
and procedure8.
The Board provides training to Trustees in various areas to ensure good govemance. Board members
must 81ways act in the best interests of NWMM and 8s such are covered by qualifying for Ihlrd party
indemnity provision, which has been In place throughout the past year and will remain in place.
Good Governance training, d81ivered by NICVA, was undertaken during the year by Board Members
and the Senior Management team. Followlng the training two new subGommlltees have been
established, a Finance and General Purposes Committee and a Human Resource and Terms of
Service Commlltee. These replace the Office Bearers group and will serve to enhance the good
govemance practice already eslablished and support the work of Ihe Board.
The Board commissloned an Independent Salary and Benefrts Benchmarking r8POrt undertaken by
Consult HR. It Is plea51ng to be able lo report the exerclse confim)ed the Mission compares extremely
favourably within our sector in relation to both rates of pay and terms & conditions. with rates in som8
cases the highest or close to the highest paid. Terms & conditions included looking at benefits such as
annual leave, occupatlonal sick pay, pension, confidenlial counselling servlce and health benefits,
Agaln It Is pleasing to report the Mission compared well here also. We recenlly enhanced health
benefits on renewal of our Insurance cover and all staff now benefit from the enhanced AIG
Smarlhealth cover providlng round the clock support to them and their family.
Pollcles are review8d and updated on a clrculatory basls and also in response to legislatlve changes,
while new policies and procedures are devised as required. In line wlth new requirements the Board
wlll review its Safeguardlng of Vulnerable Adults and Chlldren Policy on an annual basis,

North West Methodlst Mission
Company Limitod by Guarantee
Trustees. Annual Report (Incorporatlng tho Dlrectors. Report) {¢ontlnuod)
Year ended 31 December 2024
structure, governance and management (Mntlnuod)
Primary Purposes
Mission
The purpose of NWMM is to demonstrate faith In action by respondlng effectively to the needs of
people in the North West and enable them to achieve their potential
Vlsion
The vlslon of NWMM Is of a society enriched by a commitment to promote social Justlce In all aspects
of Ilfe
Values
Soclal lustlce
A commllment to the principles of equallty, solldarfty and human rlghts that recognlses the dignlty of
every human belng
Empowerment
Supporting the development of indlvlduals and comrnunltles to take more responslblllty for. and control
of, their own IIv8S
Compassion
Living our faith in action through selfless concem for others
Incluslon & Dlverslty
A commltment to a welcoming hospltallty that treats 8V8ryone wlth dignity and respect, celebrates
diversity, and enables the marglnalized to f881 they belong
Responsiveness
Respond 8ffeclively to the changing needs and aspirations of the local community
Integrity
Being open and transparent in all our activities - dolng what we say and saying what we mean
Risk management
Durlng 2024 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 year risk assessments for each occupation81 area reviewed and updated
as appropriaté by the Senior Management team.
A Fixed Assets list has been completed.
In respect of financlal rlsk, the Board receives regular flnanclal reports wlth systems and controls In
place to mltlgate significent financlal rlsks. Finance policies are reviewed and updated. Durlng thesa
uncertain economlc condllSons. we continue to review our buslness rlsks. The current 8Xt8rnal
envlronmenl contlnues to have a slgnlficant impact due to Inflatlon and cost of Ilvlng crlsis.
Wa contlnue to maintain positive relatlons wlth our clients, funders and stakeholders.

North West Methodist Mlsslon
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrectors. Report) (￿n(Inu•d}
Year ended 31 December 2024
Objactlvos and actlv11198
Prlmary Objectives
North West Methodist Mission has within its Slrateglc Plan 2022 - 2027 eighl core objectives:
Homelessness
To respond effects'vely to homelessness In the North-west.
Community
To respond effectively to the needs of the local community In the North-west.
Collaboratlon
To ensure that NWMM collaborates effectively with other churches and organlsalions in achieving its
mission.
Communlcatlons
To @nsur8 8ffectlve communication with NWMM Internal and extemal stakeholders
Finance
To ensure that NWMM has the financial resources it requires to achieve tts plans and these resources
are effectively and efficiently managed.
Human Resources
To ensure that NWMM has the staff and volunteers Ihal It needs to achieve its plans and these
volunt88rs and slaff are effectively utilised, valued, supported and managed.
Premises and Physlcal Resources
To ansure that NWMM has the premises and other physlcal resources It requlres to achieve Its aims
and prlorlllas efficiently and effectlvely and these resources are well managed and maintalned.
Governance
To ensure that th8 governance and structure of NWMM are fft for purpose and comply with the
raqulrements of the law and best practice.
Public Benefll
The Trustees hav8 considered relevant charlty legislalion, which sets out the requirements for
charities lo demonstrate their aims and aclivities are for public benefit. The Trustees confirm that they
have had regard to the Charity Commission for Northern Ireland guidance on public benafit.
Homeless
The direct benefit flowing from our purposes include reduced numbers of men, women and children
experiencing homelessness. The support of clients in our 5ervlce to overcome th8 causes that lead to
them becoming homeless in the first place, enabllng them to integrate back into the communlty and
sustain tenancies. This reduces the pressure on other statutory services as a result of ham) reduction
interventions whilst in our service. The wider community benefits due lo a redu¢lion in rough sleeping
and antl social behaviour. Soclety benefits as clients acquire skills and become able lo live
independently and seek training andlor employment.
On the basis of an establlshed track record of providing highly regarded and quality based services,
contlnued ac¢reditation by the Nl Housing Execullve. and financial reserves, the Trustees are sallsfled
that there are adequate resources avallable to continue operating for the foreseeable future.

North West Methodist Mission
Company Llmited by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrectors. Report) (Contlnuod)
Year ended 31 December 2024
Achlovements and performan¢e
Current need
Th8 D8partment for Communit18s released the latest edltlon of its Housing Bulletin for Sepl8mb8r to
December 2024. The statistlcs r8cord yel another rise in the numb6r of households on the social
houslng walllng Ilst wlth homelessness status. In December 2024. there were 48,325 households on
the social housing waltlng Ilst wlth 30,982 of those households havlng homelessness status.
Over the last decade, the number of households on the social housing waillng Ilst has increased by
23 % from 39,338 in March 2015 to 48,325 in December 2024. Over the same period, the number of
households with homelessnes8 status has grown from 13,644 households to 30,982. This is an
Increase of 127010 over the last deGade. In each of the last ten years, the number of households wlth
homelessness status on the Ilst has steadily increased year on y8ar.
Belfast City Council has the highest number of households with homelessness status at 9.661. Over
the last decade, the number of households in Belfast wllh homelessness status has more than
doubled from 4,557 households in March 2015. This is followed by Derry and Strabane Council area
with 4,344 households having homelessness status (up by 1170A over the last decade) and Ih8n
Newry, Mourne and Down with 2.780 households (up 110 /0 OV8r th8 last decade). Seven of Northern
Ireland's eleven councils recorded an Increase In the number of households with homelessness status
compared lo Ihe figures recorded on September 30.
Performance
The delivery of services is against a backdrop of Sncreaslng demand.
Men's Hostel
Admlsslons
Move On
Occupancy
Referrals
40
38
93.07ts
266
Clarendon Shelter Women & Children
Admissions
Occupancy
Move On
Referrals
40
41
141

North West Methodist Misslon
Company Limited by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrector8' Report) (contlnu•d)
Year endad 31 Decembar 2024
Achlevemenl$ and performance (contlnuodj
Achievements
NWMM has undertaken a revlew of investments and designated funds for the development of move
on accommodation during the year.
Following the agreement reached with Clooney Hall Church and th8 Methodlst Church In Ireland for
the purchase of a propety for the prolect No.34 Clooney Terrace was acqulred. Slnce acquisition the
ground floor of the building is being used as a family contact centre operated by the WHSCT.
Dlscussions are ongoing Involving a number of stakeholders on the future development and
renovation of the property
Policy reviews have béen completed wlth a range of policies havlng been raviewed and updated
durlng the year.
Activitles continue to be delivered and developed to enhance the support provlded lo our clients, these
Include..
Afternoon tea's, themed meal nights & qulzzes
Daylrips
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 contlnue lo fundraise and develop our social medla profile and presence wlth several key events
delivered durlng the year..
The Mission was inslrumenlal in hosting a number of events with key partners in
Derry-Londonderry to mark While Ribbon Day, the annual date on which campaigners seek to raise
awareness about male violence against women and girls. Since 2020, more than 20 women have died
In Northern Ireland as a result of gender-based vlolence.
On Sunday 24th November 2024, a Twilight Service of Remembrance was held in Clooney Hall
Methodist Church. Thls was an ecumenical service of prayer and remembrance of the women who
have died as a result of gender-based violence. Also on Sunday 241h November, Ihe Mayor of Derry
City and Strabane District, Coun¢illor Lilian Seenoi-Barr, hosted a civic reception for agencips working
to support wornen and girls who have experienced violence and 8buse, including White Ribbon Nl.
The event conclud8d with the directors and staff of NWMM, and Its partners signing the Whlte Ribbon
Charter.
On Tuesday 26th and Wednesday 27th November
with the mayorfs support - North Wesl
MelhodSsl Mission hosted the 'Breaking Through to Freedom, exhibition in the Gulldh811. 'Breaking
Through to Freedom, depicts the artist and poet Talla Sena's individual crealive journey through her
own experience of domestic abuse.

North West Methodist Mission
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrectors, Report) (¢ontlnu•d)
Year ended 31 December 2024
Achlevement8 and performance (contlnued)
Rev. Dr Stephen Skuce, speaking on behalf of the city's church leaders prior lo the While Ribbon
events, sald. As Christians, we know that there are no circumstances where violence against women
or girls is acceptable. We are committed to helping lo creale a society where all women and girls can
live wllhout fear..
The Dlrector of North W8St Methodist Misslon, Llam Mllligan, sald at the time. As a provlder of
temporary accommodation service5 and support to women and children fleelng domestic abuse and
finding themselves homeless, Ihe Mission is determined to shine a Ilght on the subject and encourage
conversation about how we can all help eradicate it from society. We hope the planned events create
greater public awareness of the epidemic of violence. abuse, and harm against women and girls, and
encourage society to work together to help end it.
The Tour de Foyle, our annual cycllng fundr8iser was back bSgger and b8tt6r wlth a family fun run
added. A huge thank you to all who took part and to volunteers, marshalls, the Rapld Rellef Team and
the Executlve Office without whose support we could not run the event
We held a breakfast event durlng Homelessness Awar6ness Wegk whlch included very movlng
testimonias from past and present Servlce Users of their 8xperienc8 of homelessness and th9
valuabla support provided by the Mlsslon
We continue our Partnership with the United Methodist Church Global Ministries welcoming a second
Global Mission Fellow lo the Mission and the City to assist wilh social media, communlcatlons, and
our Homelessness Awareness Outreach Programme. We are grateful Tino for his vocation and
presence in our Mlssion.
We hosted a meellng of the Committee for Communities in our Clooney Centre and hlghllghted our
concerns on the upward trend in homelessness figures and the impact the recent budget will have
particularly in relatlon to increase in ENIC and the increase to the NMW

North West Methodist Mlsslon
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporatlng the Dlrectors, Report) (contlnuod)
Yaar ended 31 Decembar 2024
Achlev•m•nts and performance (MntInu￿)
What our clSents say about U5.
Clarendon Shelter Women & Children
"Thank you for all your help and support It Is very much appreclatad"
"Thank you to all the glrls from A$hmore house for belng so klnd and helpful. lots of love"
"Thanks ft¥r all you do and sp•clal thanks foryour support"
' To the Ashmore team. God bless you for your support and klndness. Keep up the good work.
I wlll keep you In my prayern"
. As a mum l am etemally grateful to your staff for helplng my daughter get better"
"Thank you, Ashmore famlly.
Let thls plaque remlnd you that you are all so speclal thmugh and through
and thought about so warmly and very often too.
You are all so holpful and supportive In a way that wam7s the heart,
whatever happens you are Ihere to play your Ihoughfful part.
Thank you for your klndness. whlch can never be repald.
and for your understanding and the dlfference It mado.
We would be lost wlthout you.
Love a mother and 2 sons.
Men's Hostel.
"$taff are frlendly"
"was very worried about comlng Into • hostel for the flrst time. Thls 18 not what l expected."
'Staff are always there to talk to"
"I f•el safe here"
"Staff helped me get an appolntment wlth my GP to get my medlcatlon sorted"

North West Methodist Mission
Company Llmlted by Guarantee
Trustees, Annual Report (Incorporatlng the Dlrectors. Report) {¢ontInu￿)
Year ended 31 December 2024
Flnanclal revlow
Review of activlties 2024
The Slalement of Financial Activities for the year ended 31 December 2024 is set out on page 16 of
the Financial Statements. The company returned a surplu5 for the year of £106,186 after other
recognised gains and losses. Income generated from the company's aclivilies was £1,702,38012023 -
£1,636,999) of which 63°/o was grants from th8 Nl Housing Execulive and the Western Health Social
Care Trust.
Support services are regulated and funded by the Supporting People policy and fundlng framework.
which is admlnlstered by the Northern Ireland Housing Executive. The Mission Board share collective
responsibility and are committed to good stewardship of funds received. a high slandard of servlce
provision and a prudent reserves policy. The aims and objecllves for 2024 included continuing
enhancement of quality servlces, greater participation of residents, the strengthening of reselllement
services, actively supporting residents to 'move- on" and to sustsin more independent tenancies.
The Mlsslon Board Is pleased to report that significant progress has been made to meet the aims and
objectives during 2024. A budget Income and expenditure account including the above objectives is
prepared at the start of each financial year and the 2024 objectives were met. A decision was taken by
the Trustees lo separate the finances of Clooney Hall Church from NWMM in order to streamline
reporting and reduce the burden on church volunteers. The accounts for 2024 reflect this change.
The NWMM Board considers it prudent to hold funds In reserve In case unfor8seen clrcumstances
should lead to financlal difficulties, which might put the future of Its employment capacity, residents,
well-being, general mlssion work and property in jeopardy. R8S8rv8s may be defined as restricted 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
dlscretSon of the Board. Designated reserves refer to that portion of unrestricted reserves which the
Board has allocated for a speclfic purpose.
The Board conslders 100¥0 of unrestrlcted annual operating costs to be adequate reserve8.
Accumulated reserves as at 31 December 2024 were £1,478,892, (2023 - £1,427,552> of which
£799.884 were designated funds and £96,880 (2023 - £42,034) were restricted funds.
Plan8 for future perlods
Continue to provide high quallty temporary accommodation and support to homeless men Includlng
harm reduction support through our Men's Hostel.
Continue to provide refuge and lemporary accommodation to women fleeing domestic abuse,
homeless single women and children via our Clarendon Shelter Services.
Continue to work in partnership and build sustainabllity.
Explore and research longer-t8rm accommodation solutions for our service users.
- Continue to provide oth8r s8rvlces such as the Drop-in Centre and the Parent & Toddlar Group.
Further develop Clooney Centre as a community resource
Further develop and communlcate the work of the Five Misslons Forum
Contlnue to develop and deliver our homelessness education and awareness programme to schools
and communlty organisations within the region
Continue to invest In the skills and development of our Trustees. staff and volunteers through
appropriate training and development opportunilies both on and off the job
Continue to ensuro quality standards are understood and mel across the organisalion
Ensure our core values and clients are at the centre of all we do

North West Methodist Mission
Company Limitèd by Guarantee
Trustees, Annual Report (Incorporatlng the Dlrector3' Report) (wntlnu•d)
Year ended 31 Dacember 2024
Tru8te8s' responslbllftlos statement
The trustees. who are also dlreclors for the purposes of company law, are responsible for preparing
the truslees, report and the financial stalemenls in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Practice).
Company law requlres the charlly Iruslees to prepare financlal statements for each year which give a
true and falr vlew of the slate of affairs of the charitable company and the incoming resources and
application of resources, Including the income and expenditure, for that perlod.
In preparlng these financlal statements, the trustees are required to:
select sultable accounting pollcl88 and then apply them conslstently:
observ8 the method8 and principles In the appllcable Charltlos SORP.,
make judgments and accounting estimates that are reasonable and prudent;
prepare the flnanclal statements on the golng concern basis unless It Is inapproprlate to presume
that the charlty will continue In buslness.
The trust8es ar8 responsible for keeping adequate accounting records that are Sufficient to show and
explain the charity's transactlons and disclose wlth reasonable accuracy al 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 responslble for safeguarding the assets of the charlty and hence
for taking reasonable steps for the prevention and deleclion of fraud and oth8r irregularities.
Audltor
Each of the persons who is a trustee at the date of approval of this reporl confirms that:
so far as they are aware. there Is no relevant audit Information of whlch the charity's auditor 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 estsblish that the charity's auditor is aware of that
Inform8tion.
The audltor is deemed to have been re-appointed in accordance wlth section 487 of the Compenies
Act 2006,
Small company provlslons
Thls report has been prepared in accordance with the provSslons applicable to companies entitled to
the small companies exemption.
10

North West Methodist Mission
Company Limited by Guarantee
Trustées, Annual Report (Incorporatlng the Dlrectors. Report) (contlnuodj
Year ended 31 December 2024
The trustees, annual report {Incorporating the directors, report) was approved on 21 May 2025 and
signed on behalf of th8 board of trustees by..
Mr M Johnston (Treasurer)
Trustee
11

North West Methodist Mlssion
Company Llmlted by Guarantee
Independent Audltor's Report to the Members of North West Methodlst Mlsslon
Year ended 31 December 2024
Oplnlon
We have audited the financial statements of North West Methodist Mission (the 'charlty') for the year
ended 31 December 2024 which comprise the statement of financlal actlvities {including income and
expenditure account), statement of financial position, 5talement of cash flows and the related notes,
including a summary of significant accounting policies. The financial reporting framework Ihat has
been applied in their preparallon is applicable law and United Kingdom Accounting Standards,
including FRS 102 The Financial Reporting Standard appllcable in the UK and Republic of Ireland
{United Kingdom Generally Accepted Accountlng 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 2024 and of its
incoming resources and application of resources. including its Income and expendlture, for the
year then ended;
have been properly prepared in accordanc8 With United Kingdom Generally Accepted
Accounting Practice,.
have been pr8pared In accordance wlth the requlrements of the Companies Act 2006.
Bas18 for oplnlon
We conducted our audit in accordance with Intemational Standards on Audlting (UK) (ISAS (UKI) and
applicable law. Our responsibilities under those standards are further describ6d In the auditor's
responslbllltles for the audlt of the financial statements section of our r8POrt. We are independent of
the charity in accordance with the ethlcal requirements that are relevant to our audlt of the financlal
slat8ments in the UK, Includlng the FRC'S Ethlcal Standard, and the provisions avallable for small
entities, in the circumstances set out in note 28 to the financial statements. and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We belleve that the audit
evidence we have obtained Is sufficient and appropriate to provide a basls for our opinion.
Concluslons relatlng to golng concern
In auditing the financial stalemenls, we have concluded that the trustees. use of th8 golng concern
basis of acGounling in the preparation of the financial statemenls is appropriale.
Based on the work w8 have performed, we have not identifled any material uncertalntles relating to
events or condllions that, indlvldually or collectiv8ly. may cast significant doubt on the charlly's ability
to continue as a golng concern for a period of at least Iwelve months from when the financial
statements are authorised for Issue.
Our responslblllties and the responslbllltles of tha trustees with respect to golng concern are described
In the relevant sectlons of this raport.
12

North West Methodist Mlsslon
Company Llmlted by Guaranteè
Independent Audltor's Report to the Members of North West Mathodist M16slon
(contlnued)
Year ended 31 December 2024
Other Infomiatlon
The other informatlon comprises the infomatlon Included in the annual report, other than the flnanclal
statements and our auditor's report Ihereon. The trustees are responsible for the other information,
Our opinion on the flnancial statements does not cover the other Inform8tion and, 8xcept to the extent
otherwise explicilly stated In our report, we do not express any form of assurance conclusion thereon.
In connectlon with our audlt of the ftnancial statéments, our responsiblllty Is to read the other
Information and. In dolng so. consider whether the other informatlon Is materially inconslst8nt wlth the
financlal statements or our knowledge obtained In the audit or otherwlse appears to be materially
misstated. If we Identify such materlal Inconslstencies or apparent material mlsstslements, we are
required to determine whether there is a material misstatement in the financial statements or a
material mlsslatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information. we are required lo report that fact.
We have nothing to report Sn thls regard.
Oplnlons on other matter8 pre8crlbed by the Companles Act 2006
In our oplnion. based on the work undertaken In the cours8 of the audit:
the information given in the trustees, report for the financlal year for which the financlal
statements are prepared 18 consistent with the financial statements; and
the trustees, report has been prepared in accordance wlth applicabl8 legal requirements.
Mattors on whlch we are requlrod to report by oxceptlon
In the light of the knowledge and understanding of the chartty and its environment oblalned In the
course of the audit, we have not idenlified materlal misstatements in the trustees. report.
We have nothing to report In respect of the followlng matters In relation lo whlch the Companie5 Act
2006 requlres us to report to you If, In our opinion:
adequate accounting records have not been kept, or relums adequate for our audlt have not
been recelvgd from branches not visited by us; or
the financial stat8ments are not in agreement with the accounting records and returns,. or
certain disclosure5 of trustees, remuneration sp8cSfied bylaw are not made,. or
we have not received all the information and explanations we require for our audll., or
the trustees w6re nol entitled to prepare the financial statements in accordance with the small
companies regime and lake advantage of the small companies, exemptions in preparing the
directors. report and from the requlrement to prepar8 a strategic report.
13

North West Methodist Mlsslon
Company Llmlted by Guaranteè
Independent Audltor's Report to the Members of North West Methodlst Mlsslon
(¢onllnued)
Year ended 31 December 2024
Responslbllltles of trusteos
As gxplalned more fully In the trustees, responsSbllltles statement, th8 trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of Ihe flnanclal
statements and for belng satisfied that they give a true and fair view, and for such internal control as
the Iruslees determine is necessary to enable the preparatlon of financial statements that are free
from material misstatement. whether due to fraud or error.
In preparlng the flnanclal statem8nts, th8 trustees are responsible for assesslng the charity's ability to
contlnue as a going concern, dlsclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to Ilquidate the charlty or to cease
operations, or have no reallstlc alternative but to do so.
Audltor's rosponslbllltles lor the audft of the flnanclal 8tstem•nts
Our objectives are to obtain reasonable assurance about whether Ihe financial statemenls as a whole
are free from materlal misstalement, whether due lo 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 audll conducted in accordance wlth ISAS {UK} will always dalecl a material misstalemont when It
exists. Misstatements can arlse from fraud or error and are considered materlal if, Individually or in the
aggregale, they could reasonably be expected to influenGe the economic decisions of users taken on
the basis of theso financial statements.
Irregularities, includlng fraud, are Instances of nOn￿OmplI8nce with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material mlsstatemenls in respect
of irregularllies, including fraud. The extent to which our procedures are capable of detectlng
irregularities, including fraud is detailed below:
Because of the inherent limitations of an audit, there is a rlsk that we will not detect all irregularitie5,
including those leading to a material misslalemenl in the financial statements or non-compllance wlth
regulation. This risk increases the more that compliance with a law or regulatlon is removed from the
events and Iransactions refl8Cted In the financial statemenls, as we will be less likely to become aware
of instances of non-compliance. The risk Is also greater regarding irregularities occurrlng due to fraud
rather than error, as fraud involves intentional concealment, forgery. collusion, omission or
misrepresentation.
As part of an audit In accordance wlih ISAS (UK), we ex8rcls8 professional judgment and malntaln
professional scepticism throughout the audit. We also:
Identify and assess the risks ol material misstatement of the financlal stalemenls, whether due to
fraud or error. design and perform audit procedures responsive to those rlsks, and obtain audil
evidence that is sufflclent and appropriate to provide a basis for our opinion. The risk of not
detectlng a m8leri81 misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentlonal omissions, misrepresentations, or tho override
of Inlernal control.
Obtaln an understandlng of Internal control relevant to the audlt In order to design audlt
procedures that are appropriate In the circumstances, but not for the purpose of expressing an
opinion on the effectlveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estlmates and related disclosures made by th8 trustees.
14

North West Methodlst Mission
Company Limited by Guarantee
Independent Audltorfs Report to the Members of North Wast Methodlst Mlsslon
(conllnu•dJ
Year ended 31 December 2024
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 exlsts related to
events or conditions that may cast slgnificant doubt on the charity's ablllty to continue as a going
concern. If we conclude that 8 material uncertalnty exlsts, we are required to draw attention In
our auditor's report to the related dlsclosures in the financial statements or, if such disclosure5
are Inadequate, to modrfy our opinion. Our conclusions are based on the audlt evld6nce obtalned
up to th8 date of our audltorfs report. However. future events or condltions may cause the charlty
to cease to continue as a golng concern.
Evaluate the overall presentation, structure and content of the financial statements, includlng the
dlsclosures, and whether the financial slalements represent the underlylng transactions and
events in 8 manner that achieves fair presenlatlon.
We communScat8 w6th those charged with govemance regardlng, among other matters, the planned
scope and timing of the audlt and slgnificant audit findings. Includlng any slgnlflcant deficiencies in
Internal control that we identify during our audlt.
Use of our report
Thls report Is made solely to the charity's members. as a body, In accordance wlth Chapter 3 of Part
16 of the Companies Act 2006. Our audll work has been undertaken so that we might stale to the
charity's members those matters we are requir8d to state to Ihem in an auditor's report and for no
other purpose. To the fullest extent pemiited by law, we do not accept or assume responsibility to
anyone other than the charity and the charlty's members as a body, for our audlt work, for this report.
or for the oplnlons we have formed.
Allstsir Sterrltt (S8nlor Statutory Audltor)
For and on behalf of
Donaldson & Thompson
Chartered Accountants & statutory auditor
3 Limavady Road
Londonderry
BT47 6JU
21 May 2025
15

North West Methodlst Mission
Company Llmited by Guarantee
Statement of Flnanclal Actlvltles
(including Income and expendlture account)
Year ended 31 Decembér 2024
2024
Restrlcted
funds Total funds Total funds
2023
Unrestricted
funds
Nots
Income and ondowments
Donations and legacles
Charitable activities
Other tradlng activities
Investment income
13,309
694.845
3.972
11,042
13,309
1,674,057
3,972
11,042
21,181
1,601,901
4,448
9,469
979.211
Total Income
723,168
979,211
1,702,380
1,636,999
Expendlture
Expenditure on ralslng funds:
Costs of other trading activities
Expenditure on charitable activities
Total expendlture
635
687.064
635
1,618,807
1,619,442
347
1,715,369
1.715,716
10,11
931,742
687.699
931,742
Not Incomel(expendfturn)
35.469
47,469
82,938
(78,717)
Transfers between funds
(7.377)
7,377
Other recognlsod galns and108808
Gains from rèvaluation of fixed assels
23,248
23,248
106,186
27,384
(51,333)
Net movement In funds
51,340
54,846
Roconclllatlon of fund8
Total funds brought forward
Total funds carrled forward
1,427,552
42,034
1,469,586
1,575,772
1,520,919
1,478,892
96,880
1,469,586
The statement of financlal activities Includes all galns and losses recognised In ihe year.
All Income and expenditure derlve from continulng actlvities.
Tho nolo8 on pago• 19 to 31 fomi part of th080 flnanclal $tatemenl8.
16

North West Methodist Mission
Company Llmlted by Guarantee
Statement of Flnanclal Posltlon
31 December 2024
2024
2023
Nota
Flxed assets
Tangible fixed assets
16
152.174
16,963
Current assets
Debtors
Investments
Cash at bank and in hand
17
18
127,277
672,076
774.572
65.387
648,828
949,471
1,573,925
1,663,686
Credltors: amounts falllng duo wlthln one year
Net current a880t8
20
150,327
211,063
1,423,598
1.452,623
Total a88et8 less current Ilabllltle8
1,575,772
1,575,772
1,469,586
Net assets
1,469,586
Funds of thè Charlty
Restricted funds
Unrestricted funds.,
Revaluation reserve
Other unreslricled income funds
96,880
42,034
50,632
1.428,260
27,384
1,400,168
Total unrestrlcted funds
1,478,892
1,427.552
Tolal charlty fund8
1,575,772
1,469,586
These flnanclal statements have been prepared in accordance with the provlslons appllcable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 21
May 2025. and are signed on behalf of the board by:
Mr M Johnston (Treasurer)
Trustee
Rev Dr S F Skuce (Chair)
Trustee
The notes on pag08 19 to 31 fomi part of these flnanclal statemant8.
17

North West Methodist Mission
Company Limited by Guarantee
Statement of Cash Flows
Year 8nd8d 31 December 2024
2024
2023
(rnstalod)
Not•
Cash flow8 from op8rallng actlvltlos
Net incomel(expenditurel
82.938
<78.717)
Adjustmenls for..
Depreciation of tanglble flxed assets
Dlvldends, interest and ronts from investments
Accrued income
11,818
(11,0421
(14,400)
7,069
19.469)
(7,328)
Change51n.'
Trade and other debtors
Trade and other creditors
(54,513)
(51,954)
{37,153)
(37,153)
16,976
24,011
Cash generated from operatlons
Net cash used In operating activities
(47.458)
(47,458)
Cash flows from Investlng a¢tlvlll•s
Dividends, Inlerest and rents from investments
Purchase of tangibl8 assets
Other Investing cash flow adjustrnent
Net cash (used In)Ifrom Investing activities
11,042
(147,029)
9,469
(9,087)
35,554
(135,987
35,936
Nel decrease In cash and cash equlvalents
Cash and cash oqulvalents at beginning of year
Cash and cash oqulvalents at ond of year
(173,140)
944,032
770,892
111,522)
955,554
19
944,032
The notes on pago• 19 to 31 fomi part of the80 flnan¢lal 8talomenls.
18

North West Methodist Mlsslon
Company Limited by Guarantae
Notes to the Flnanclal Statements
Year ended 31 December 2024
Gonaral Infomiatlon
The charity Is a publlc benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a r89istered charity in Northern Ireland. The address of the registered office
is 36 Clooney Terrace. Londondery. BT47 6AR.
Statemont of compllance
These financial statements have been prepared in compliance wlth FRS 102, 'The Financial
R8portlng Standard applicable in the UK and the Republic of Ireland,, the Statament of
ReGommended Pracllce applicable to charities preparing their accounts in accordance with the
Flnancial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) {Charitles
SORP (FRS 102)) and the Companles Act 2006.
Accountlng pollcles
Basls of preparallon
The financial statements have been prepared on the historical cost basis, as modlfied by the
revaluation of certain financial assets and liabiliti8s and investment properties measured at fair
value through income or expenditure.
The flnanclal stslements are prepared in sterling, whlch Is the functional currency of the entity.
Golng concern
There are no materlal uncertainties about the charity's ablllty to contlnue.
Judgements and key 8ourc•$ of •stlmatlon uncertalnty
The preparation of the financlal statements requires management to make ludgements,
estlmales and assumptions that affect the amounts reported. These estimates and judgemenls
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accountlng
Unrestrlcted funds are available for use at the discr8tlon of the trustees to further any of the
charlty's purpos8S.
Designated funds are unrestricted funds earmarked by the trustees for partlcular future project or
commltment.
Restrlcted funds are subjected to restrictlons on thelr expendlture 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.
19

North West Methodist Mlsslon
Company Llmltad by Guarantee
Notes to the Flnanclal Statements (conilnu•d)
Year ended 31 December 2024
Accountlng policies (conllnuodj
Incomlng resource8
All incoming resources are included in the statement of financial actlvllies when entitlement has
passed lo the charity., It Is probable that the economlc benefits associated wllh the trans8Ctlon
will flow to the charlty and the amount can be reliably measured. The followlng speclflc pollcl88
are applled to partlcular categorles of income:
Income from donations or grants is recognised when there is evidence of entltlement to the
glft, recelpt Is probable and its amount can be mea5ur8d rellably.
legacy income is recognised when recelpt Is probable and entillement Is established.
Income from donated goods is measured al the falr value of the goods unless Ihis Is
impractlcal 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 contributlon of general volunteers.
income from contracts for the supply of servlces is recognised wlth the dellvery of tha
contracted service. This Is Classified as unrestricted funds unless there Is a contractual
requirement for it to be spent on a particular purpose and relurned if unspent, in which cas8
11 may be regarded as reslricled.
Ro8ource8 exponded
Expendlture Is recognised on an accruals basis as a Ilablllty Is Incurred. Expenditur8 Includes any
VAT which cannot be fully recovered. and Is Classified und8r headings of the ststemenl of
flnanclal activities to whlch It relates:
expenditure on raising funds Includes the costs of all fundraising actlvltles, events,
non-charitable trading activities. and the sale of donated goods.
expenditure on charitable activitie5 Includes all Costs incurred by a charity in underlaking
actlvlties that further its charitable aims for the benefit of ils beneficlaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other exp8nditur8 Includ89 all expenditure that Is neither related to ralslng funds for th8
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 lo a single activity are allocated directly to that activity. Shared costs are apportioned
between the activilles they contribute lo on a reasonable, justifiable and conslslent basls.
Tanglble assets
Tanglble assets are initially recorded al cost, and subsequently staled al cost less any
accumulated depreciation and Impaimient losses. Any tangible assets carried al ravalued
amounts are recorded at the falr value at the date of revalualion less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
20

North West Methodist Mlssion
Company Llmlted by Guarantee
Notes to the Flnanclal Statements (¢ondnuod)
Year ended 31 Decamber 2024
Accountlng pollcles (contlnuedj
Tanglble assets (¢ontlnu•d)
An Increase in the carrying amount of an asset as a result of a revaluation. is recognised in other
recognisad galns and losses, unless it reverses a charge for impairment that has previously been
recognlsed as expenditure wlthln the statement of financial actlvities. A decrease in the carrying
amount of an asset as a result of revaluation. Is recognised in oth8r recognlsed galns and losses,
except to which It offsets any previous revaluation galn, In which case the loss Is shown wlthln
other recognised gains and1055es on the slalernent of financial aclivltl88.
Depreclatlon
Depreciation is calculated so as to write off the cost or valuailon of an asset, less Sts residual
value, over the useful economic life of that asset as follows:
Bulldlngs
Fixtures & flttlngs
Motor Vehicles
Equipment
2Yo Stralght Ilne
200/0 Straight Ilne
33Vo Straight line
33% straight line
Impalrm8nt of flxod a88Ots
A review for indlcators of Impalmient Is carried out at each reporting date. with the recoverable
amount being estimated where such Indicators exist. Where the carrylng value exceeds the
r8coverable 8mount, the asset is impaired accordlngly. Prior impairments are also reviewed for
possible reversal at each reportlng date.
For the purposes of Impalrment testing, when it is not posslble to estimate the racov8rab18
amount of an individual asset. an estlmate Is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
Identlfiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impalrment testlng of goodwlll. the goodwlll acqulred in a business comblnatlon Is, from tha
acqulsitlon date, allocat&d to each of the cash-generating unlls that are expected to benefit from
the synergles of the combination, irrespectlve of whether other assets or Ilabllities of the charity
are assigned to those unlts.
Flnanclal Instrument8
A financial asset or a financlal Ilablllty is recognised only when the charity becornes a party to the
contractual provlslons of the instrum8nt.
Baslc flnanclal Instruments are initially recognlsed at the amount recelvabl8 or payable Including
any related transaction costs.
Current assets 8nrJ current liabllllies are subsequently measured at the cash or othar
conslderation expected lo be paid or received and not dlscounted.
Debt instruments are subsequently measured al amortised cost.
21

North West Methodist Misslon
Company Llmlted by Guarantee
Notes to the Flnanclal Statements (conllnu•d)
Year ended 31 Decembar 2024
Accountlng pollclas {conllnued)
Flnanclal Instruments (conllnu•d)
Where investments In shares are publicly traded or their fair value can Olherwise be measured
rellably, the Investment is subsequently measured at falr value wlth changes In falr value
recognised In income and expenditure. All other such Investrnents are subsequently measured at
cost less impairment.
Other flnanclal instruments, including derivatives. are initially recognised at fair value, unless
payment for an asset is deferred beyond nomial business terms or financed at a rate of Interest
that is not a market rate, In which case the asset Is measured at the pr8$8nt value of the futur8
payments dSscountèd at 8 market rate of Interest for a similar debt Instrument.
Other financial instruments are subsequently measured at falr value, with any changes
recognised in the statement of financial activities, with Ihe exception of hedglng Instruments in a
designated hedglng relats'onship.
Flnancial assets Ihal are measured at cost or amortised cost are revlewed for objectlve evldence
of impairment at the end of each reporting dat8. If there is objeclive evidence of impaifment, 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 s5gnSficance. and other ftnanclal assets that ar8
individually slgnlficant, these are assessed individually for Impairment. Other financial assets are
elther assessed indlvldually or grouped on the basls of similar credlt risk characterlstlcs.
Any reversals of impalrment are recognised Immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrylng amount would
have been had th8 impainnent not previously be&n recogni88d.
Daflned contribulion plans
Contrlbutlons to defin8d contrlbutlon plans are recognlsed as an expense in th8 perfod In whlch
the relat8d servlce is provided. Prepald contributions are recognised as an asset to the extent
that the prepayment wlll lead to a reduction In future payments or a cash refund.
When contrlbutions are not expected to be settled wholly withln 12 months of the end of the
reporting dale in which the employees render the relale(I service, the Ilabiliiy is measured on a
discounted present value basis. The unwinding of the discount is rocognlsed as an expens8 in
the perlod In which it aris8S.
Llmlted by guarantee
North West Methodlst Mlsslon Is a company limlted by guaranteé and accordingly does not have
a share capital.
Every member of the company undertakes to contribute such amount as rnay be required not
exceeding £1 to the assets of the charitable company in the evenl of its being wound up whlle he
or she Is a member, or within one year aft6r he or she ceases to be a member.
22

North West Methodist Misslon
Company Limited by Guarantee
Notas to the Flnanclal Statements (¢onllnued)
Year ended 31 December 2024
Donatlons and legacles
Unreslrlcled Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
(rnstated)
Donatlons
Misslon donations
13,309
13,309
21.181
21,181
Charltable actlvltles
Unrestrided
Funds
Restricted Total Fund8
Funds
2024
Grant income - Supporting People
Grant income - W.H.S.C.T.
Hostel accommodallon & personal charges
Room hire & related income
Project & activities income
973,637
973,637
99,150
560,603
32,055
8,612
1,674,057
99.150
560,603
32,055
3,037
5.574
694,845
979,211
Unrestrfcled
Funds
Restricted Total Funds
Funds
2023
frnslatod)
Grant income - Supportlng People
Grant income - W.H.S.C.T.
Hostel accommod81ion & personal charges
Room hire & related income
Project & activities income
893,706
893,706
92,010
550,696
30,540
34,949
92.010
550,696
30,540
3,432
31,516
676,678
925.222
1.601,901
Other tradlng actlvltles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
(r•$talgdJ
Fundralslng evenl$
Provision of support services
3.972
3,972
4,345
103
4,345
103
3,972
3,972
4,448
4,448
23

North West Methodist Mission
Company Llmlted by Guarantee
Notes to the Flnanclal Statam8ntS (¢ontlnu•d)
Year ended 31 December 2024
Investmont Income
Unrestricted Totsl Funds Unrestricted Totsl FLtnds
Funds
2024
Funds
2023
(r•st41odJ
Income from listed investments
Income from cash investments
2,080
8,962
2,080
8,962
1,958
7,511
1,958
7.511
11,042
11,042
9,469
9,469
Costs of other tradlng activltles
Unreslrfcted Total Funds Unrestricled Totsl Funds
Funds
2024
Funds
2023
(r•stal•d)
Fundralsing costs
635
635
347
347
10. Exp•ndlture on charltablo a¢tlvlt5es by fund typ•
Unrestricted
Funds
Reslricted Total Funds
Funds
2024
Clooney Hall activities
General charitable
Clooney Church
Homeless Servlces
34 Clooney
Support cost8
64,714
58.024
64,714
58,024
522.337
7.526
34,463
875,366
1,397,702
7,526
90,841
56,378
687.064
931,742
1,618,807
Unrestrbcted
Funds
Restrlcted Total Funds
Funds
2023
(r•st4ted)
Clooney Hall activilles
General charitable
Clooney Church
Homeless Services
34 Clooney
Support costs
60,576
47.471
123,608
519,926
60,576
47,471
123,608
1,417,350
897,424
52,098
14,265
66,364
803,679
911.689
1,715,369
24-

North West Methodist Mission
Company Limited by Guarantee
Notes to the Flnanclal Statemants l¢onllnuod)
Year ended 31 December 2024
11. Expendlture on charltabl• actlvltles by actlvlty type
Aclivilles
undertaken
directly
Support Total funds
cosls
2024
Total fund
2023
Clooney Hall acllvities
General charitable
Clooney Church
Homeless S8rvlc88
34 Clooney
Governance costs
64,714
58.024
136
1,412
64,850
59,436
60,671
47,852
123,608
1,464,635
1.397.702
7,526
49,642
2,730
36,921
1,447,344
10,256
36,921
1,618,807
18,603
1,527,966
90,841
1,715,369
12. Analysls of support costs
Support
costs
Tolal 2024 Total 2023
Finance costs
Governan¢8 Costs
Othar Support costs
991
36.922
53.069
991
36,922
53,069
971
18,602
46,791
90.982
90,982
66,364
13. Net Incomel(expondlture)
Net Sncomel{exp8ndilure} is staled after charglngl(crediting):
2024
2023
(rnstat•d)
Depreclatlon of tsngible fixed assets
Faes payable for the audit of the financial statemenls
11,818
11,434
7,069
11,670
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
(resl4ted)
Wages and salaries
Social security costs
Employer contributions to pension plans
1,083,366
85,482
24,567
1,035,608
79,762
24,568
1,193,415
1,139,938
The average head count of employees during the year was 42 <2023.. 44). The average number
of full-time equlvalent employees during the year is analysed as follows..
2024
2023
Number of staff
42
25

North West Methodlst Mlssion
Company Limited by Guarantee
Notes to the Flnanclal Statements (eontlnu•d)
Year ended 31 December 2024
14. Staff costs (¢ontlnu•d)
The number of employees whose remuneration for the year fell wlthln the following bands, were:
2024
2023
No.
£60,000 to £69,999
Koy Managemont Personnol
Key management personnel include all persons that have authorlty and resF)onsibility for
planning, directing and controlling the activities of the charlly. The tolal compensation paid to key
management personnel for services provided to the charity was £245.867 (2023:£228,304).
15. Trustee romunerallon and •xpenses
No expenses, remuneration or other benefits from employment with the charily or a related entity
were received by the trustees.
16. Tanglble flxed assets
Land and Fixtures and
buildings
fi'ttings
Motor
vehicles
Equipment
Total
Cost
At 1 January 2024 (as
restaled)
Addltlons
105.031
4,166
20,125
25,561
6,348
150,717
147,029
297,746
136.515
At 31 December 2024
136,515
109.197
20,125
31,909
Depr•¢l8tlon
At 1 January 2024
Charge for the year
At 31 December 2024
88.957
6.256
20,125
24,672
2,832
27,504
133,754
11,818
2,730
2.730
95,213
20,125
145,572
Carrylng amount
At 31 December 2024
133,785
13,984
4,405
152,174
At 31 December 2023
16,074
889
16,963
17. Debtors
2024
2023
(r•st•t8d)
Trade debtors
Prepayments and accrued Income
Other debtors
11,148
68,290
47,839
10,553
60,192
{5,358}
65,387
127,277
26

North West Methodist Misslon
Company Llmlted by Guarantee
Notes to the Flnanclal Statements (condnu•d)
Year ended 31 December 2024
18. Investments
2024
2023
(r•slated)
Listed investments
Unllsted Investments
38,106
633,970
41,860
606,968
672,076
648,828
19. Ca8h and cash equlvalents
Cash and cash equlvalents comprlse the following:
2024
2023
(re&l*l•d)
Cash at bank and In hand
Bank overdrafts
774,572
(3,680)
770,892
949,471
(5,439)
944.032
20. Cr8dltor8: amounls falllng due wlthln ono year
2024
2023
(rvstated)
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Social securily and other taxes
Other creditors
Other credltors
3,680
13,324
37,019
29,987
49,872
16,445
5.439
61,523
44,042
27,599
48,092
24,368
150.327
211,063
21. Penslons and other post retlrement bengflt$
Deflned contrlbutlon plans
The amount r6cognlsed in income or expendlture as an expanse In relation to d8fined
contribution plans was £24.567 (2023.. £24,568).
27

North West Methodist Misslon
Company Limlted by Guarantee
Notes to thé Flnanclal Statemants (¢ondnu•dl
Year ended 31 December 2024
24. Flnanclal Instruments
Flnanclal assets that are debt Instruments measured at amortlsed cost
2024
2023
Trade debtors
Cash at bank and in hand
Investments
11,148
774,572
672,076
10,553
949,471
648,828
Total
1,457,796
1,608,852
Financial Ilabilities measured at amortised cost
2024
2023
Tr8de credltors
Credlt card
13,324
3,680
61,523
5.439
Total
17,004
66,962
25. Prlor yaar adJu8tment8
The Statement of Financlal Position and assoclaled notes in respect of the previous year hav8
been reslaled due to changes in the classification of restricted funds in accordance wlth
agreements from funders.
26. Analy818 of changes In n•t dobt
At
At
1 Jan 2024 Cash flows 31 Dec 2024
Cash at bank and In hand
Bank overdrafts
Current asset investments
949,471
{5,439)
648,828
(174,899)
1.759
23.248
774,572
13,680)
672,076
1,592,860
{149,892) 1,442,968
27. Related partS•s
During the year the charity entered Into the following transacllons with related parties..
Balanco owed byllowed
Transactlon valu8
tol
2024
2023
2024
2023
Peyment In respect of church
assessment contrlbutlons
Payment In respect of pastoral support
Receipts in respect of administratlon
expenses recharged
36,570
30,180
30.180
(103)
30

North West Methodist Mlssion
Company Llmlted by Guarantee
Notes to the Flnanclal Statements (condnu
Year ended 31 December 2024
27. R•lated partles {contlnuedJ
As detailed above, during the year North West Methodisl Mission made payments lo and
recelved amounts from the Londonderry, Inishowen, Limavady and Strabane Mission Circuit, an
organlsation which is also governed by the Methodist Church in Ireland and whlch has som8
officials who are also directors of North West Methodist Mission.
North West Methodlst Mlsslon Is under the dlrectlon of the Methodlst Church In Ireland. During
the year the Methodlst Church In Ireland continued to Invest funds with Epworth Investment
Management on behalf of the company. At the year end these funds were valued at £633,970
(2023: £606,968).
28. Ethlcal standards
In common with many other charities of our slze and nature W8 use our auditors to assist with the
preparation of the f5nanclal statements.
31