Charity registration numb¢r". 105030 The Haven Trust Annual Report and FirClaI Statements for the Year Ended 31 December 2022
The Haven Trust Contents (continued) Reference alld AdmiRllStrative Details Trustees, Report 2to4 Statement of Trustees, Responsil)iliti¢s Independent Exarniner's Report Stafrmerlt of Financial Activities Bance She¢t Notes to the Financial Statements 9t014
The Haven Trnst Reference and Administrative Details Trustees Sharon Caldwe]I Wibna Kirk Charity Registration Number 105030 Principal Office 44A Ri¢katnore Road Upper Templepatrick Co AntrAm BT39 OJE Independent Examiner TB Millar & Co 6 Doagh Road Ballyc18r¢ Co Antrim BT39 9BG Page I
The Haven Trnst Trustees, Report The Tnlsfres present their report and the fitne[al statements of the clwity for the y¢ar ended 31 December 2022. The Trustees confirni that they comply with the requirements of th¢ Charitie5 Act (Northern Ireland) 2008, The Cbarkties (Annual Return) Regulations (Northern Ireland) 2015, The Charities (Annual Return) Regulations (Nortbern Ireland) 2015 and Accounting and R¢porting by Clwities: Statement of Rwommend¢d Practice which applies to charities preparing their accoullts ia accordance wxth the Financial Reporting Standard applicable in the UK and Republic of Irelalld (FRS 102) (efftctive l January 2015). The Trustees The Thistees who served the clwity during the year were as follows: Wilnm Kirk Sharon Caldwell Strueture, Governance & Management The Haven Trust operates from the Haven Christian C¢ntre and is constitut¢d by a Tnt Deed. It was established on February 1st 1989. Trustee Selection, Appointment & Competenee New trustees in the future would be appoillted by praye1 agreexnent of the existing tte¢s. Statement of compliance tn setting our activxties and plaTtning our activities for the year the trustees have given carefill consideration to tbe Clwty Commission for Northern Ireland's guidance on public benefit to ensure that th¢ activities have helped to achieve the clwitsPs pury)oses and provide a benefit to the beneficiaries. Purposes The Haven is a non-denominational organisation which exists to advance the Good News of Jesus ChrisL nationally and internationally, and to share that hope ond compassion prayethlty atjd practically by bringing help to those who seek relief from debt distress alld despair. There is no hann assockated with the purposes. Beneficiaries The charitys beneficiaries aTe: Eld¢rly people from the area who receive prnctical help etther with transport or canying out smAll jobs around their Properties. Local people who receive food which h&s been collected & distributed througb local ¢hur¢b£s, chalities and foodbanks. People who are facing ljardsbip by reaspm pf age, ill-bealth, disability, finan¢iaE issues or other disadvantages. ProvÉsioll of fllthncial support to niissionaries in Europe, Africa and Asia. Public benefit I)Lwing the perio( the clwty has continued to provide benefits from its artivities as follows: This is an extremely varied worL &g we seek with tbe Lords help to relieve debt, distr and desp?ir. Page 2
The Haven Trust Trnstees, Report (continlled) Each situation we deal with is unique to itse]f. We have a small residential facility, and can offer acei)rnmodation if needed. This can be required for a rdnge of social issues. We operate a finitUre store which accepts second hand finItUre and can redkstribute this to people in nee Som¢ of our volullteers aT¢ retired trad¢smen which gives us the facility to do minor Tepairs ill home. We also support fInanciakty, PrayerllY and practfically oth¢r CbTistian charities in NI and missionaries in Finland and Thailand alld Keny& The Public benefkL for spiritual and practicaL is difficult to demonstrate as it would depend on the personal testimony of those who are helped. More often than not the situations we deal with are extremely sensitive and private and whilst records are kept of who, how and when, it would not be appropriate to share those things pub]icly. However, in general ternis in 2022, a f¢w practical illustrations would include giving temporary accommodation to a person whose home life had become unbearable. We continue to visit the elderly and housebound and meet what practical needs we whether it be transport or somethincr minor repaired or a tidy up around the yard and garde Just as with the spirRtual sxde of th¢ Haven's work, oux pwpose includes sharing God's love by practÉcal means wAth those who are in need. Financial Review and Results for the Year See attached annual accounts for the year ended 31 December 2022. Rlsk Management Risk is an everyday part of the Charitys norn]al activity. The Trllstees have considered and identified the major risks to which the charity is exposed 2nd having taken appropriate professional advice have been assured that adequate systems and procedures are in pIace in order to n]itigate or mauage those risks. Page 3
The Haven Trust Trnstees, Report (eontXDued) Reserves Policy The Charity does not have a reserves polÉ¢y. Pensions The charty op¢rates a defined contribution pension schenw (whxch meets the requirements of The Pension Regulator as a qualifying workplace pension s¢heme) for the benefit of its pern]anent staff and those who are eligible under Auto Enrohnent. The a&sets are adminisÈ¢red by insurallce companies in personal pension p13llS and are held independently from those of the Charity. Contributions are Charged to the Stat¢ment of Financial Activities in the period to which they relate. Dlsclosure A disclosur¢ h&5 bem made to the charity commission. Results The results for the year and the charity's financial position at the end of the year are shown in the attached fU1claI statements. Plans for the future The charity ¢XP¢Cts to continue to provAde practi¢al assistaDC¢ to the elderly and hous¢bouud in the area. Accommodation will still be provRded through the residential facility. Pra¢tical and pray¢Tful support will be provided to ChrisLÈan Charitxes in Northern Ireland and througbout the world. The annual report was approved by the trL)Stees of the ¢harty on 7 April 2023 aud sigued oll its behalf by. Wilma Kk Trustee Page 4
The Haven Trust ststement of Trnstees, Responsibilities The trustees are responsi1¢ for preparing the trnstees. report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Genernlly Accepted Accounting Pra¢tic¢) and applicable law and regulations. The law applicable to ch8ritie5 requires the1TUStees to prepare fancIaL statements for each financial year which give a true and fair view of th¢ state of affairs of the charity and of the incoming resources and application of resources of the charity for that perio& Ln prepIng these finalicial statements, the trustses are required to,. select suitable accounting policies and then apply them wnsistently; observe the methods and principles in the Charities SORP; nmke judgetnents and estintstes that are re&sonable and prudent; state whether applicable accounting standards have been follow¢d, subject to any nlateriai d¢partures disclosed and explained in the fanCIal statements. and prepare the fllwicial statfflnents on the going concern basis unless it is inapproprÉate to presume that the charity will continue in busxn¢ss. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the fmancial position of the charity and enable them to ensure that the finan¢ial statements Gornply with the CharÈties Act 2011. the Charities (Acco]ts and Reports) Regulations 2008, and the provisions of the constitutioIi. The trustees are also responsible for safeguarding the ass¢ts of the cIwity and hence for taking reasonable steps for the prevention and detection of fraud and other irr¢gularities. The trustses ar¢ r¢spoDsrble for the maintenance and integrity of the corporate and financial information included on the charitable companys website. Legislation governing the prepaTation and dissemination of financial statements may dAffer from legislation in other jurxsdictLons. Approved by the knstees of the d]arity on 7 April 2023 and sigued on its behalf ty. Trnstee Page 5
The Haven Trust Independent Examiner's Report to the trnstees of The Haven Trnst I report to the tnJsÈees on Eny exaMition of the accoullts of The Haven Trust for the year ended 31 December 2022. Responsibilfities and basis of report The Haven Trnsvs trustees are responsibl¢ for the preparation of the financial statements in accordance Thith tern]s of the Charitie5 Act (Northern Ireland) 2008. The Haven Trnsvs trustees consider that an audit is not required undeT section 65(2) (audit) of the Charities Act (Northern Ireland) 2008 for the year and that an independent examination under s¢¢tion 64(1) of th¢ Charities Act (Northern Ireland) 2008 is required. It is my responsibility to: ' examine the accounts under section 65 of the Charities Act. . follow the procedures laid down in the general Directions given by the ComTnÉssion under section 65(9)(b) of. the Charities Act. • to state whether particular matters have come to niy attention. Basis of Independent ex2miner's report My examination w&s CaIed out under Section 65 of the Charities Act (Northern Ir¢land) 2008. An exaTnination includes a review of the accounting records kept by the Charity and a comparkson of the fjnancial stat¢ments presented with those records. It also includes consideTation of any unusual items or diwlosures in the fmancial ststements, and seeking explanations from the trustees conceming any such matters. Ther prOdUr¢S do no provide all the evidence that would be required in all audiL and consequently I do not express an audit Opinion on the view given by the financial statements. Independent examfiner's ststement In the course of my examination, no matter h&$ come to my attention." (l) which gives me reasonable rause to believe that in any material respect the reqU1ments. . to keep proper accounting records in accordance with Sectkon 63 of the Charities Act (Northern Ir¢land) 2008, . to prepare fmancial stat¢ments which acGord with the Counting records in accordance with Section 64 of the Charlties Act (Northern Ireland) 2008 have not been met. or (2) to Whic in my Opinio attention should be dTaMw in order to enable a proper understanding of the fLuancial statements to be reached. Barry illor CA ountant 6 Doagh Road Ballyclare Co Antrim BT39 9BG 7 April 2023 Page 6
The Haven Trust ststement of Financial Activities for the Year Ended 31 December 2022 Total 2022 Unrestricted Note Income and Endowments from: Donatlolls and legacies Investment income 28,428 112 28,428 112 Total income 28,540 28,540 Expenditure on: Raising fim Other expenditLEr¢ Total expendÈtUTe (39,395) (2,833) (39,395) (2,833) (42,228) 42,228) Net movement in fimds (13,688) (13,688) Reconeiliation of funds Total funds brought forward 122,536 122,536 Total fijnds ¢attied fornTard 13 IOS,848 108,848 Total 2021 Unrestricted Note Income and Endowments from: Donations and legacies Investmont income 34,263 102 34263 102 Total incon 34,365 34,365 Expenditure OD: Raising Ld$ Olher expenditure (33,553) 3,213 (33,553) (3,213) Total expendÉture (36,766) (36,766) Net movement in fvnds (2,401) (2,401) Reconciliation of funds Total fld$ brought forward Total fidS caTried forward 124,937 13 122,536 122,536 All of the charlty's activities derive from continuing operations during the above two periods. The fimds breakdown for 2021 is shoMTA in uote 13. The notes on pages 9 to 14 fom an integral part of tbese finanGial 5tstements. Page 7
The Haven Trnst (Registration Dumber: 105030) Balance Sheet as at 31 December 2022 2022 2021 Note Filed assets Tangtble &8sets 64,222 67,055 Current assets Debtors Cash at bank and in hand io li 5,198 40,753 5,749 55,992 45,951 61,741 Creditors: Anlounts falling due wlthin one y¢ar Net curreut assets 12 (1,325) (6,260) 44,626 55,481 Net assets 108,848 122,536 Funds of the eharity= Unrestricted Rncome funds UDrestii¢ted fi0$ 108,848 122,536 Total fllnds 13 108,848 122,536 The f]nancial statements on pages 7 to 14 were approved by the tntees, and authorised for issue on 7 AprAI 2023 and signed on their behalf by: Wilma Trustee Th¢ notes on pages 9 to 14 forni an integral part of these financial statements. Page 8
The Haven Trnst Notes to the Fillancial Statements for the Year Ended 31 December 2022 l AccountAng po]ici¢s Statement of compliance The finallcial statements have been prepared in a¢cordanr¢ with the second edition of the Chiti¢$ Statement of R¢conuDended Practice issued in October 2019, th¢ Financial Reporting Standard applicable in the UDit¢d Kingdom and Republic of treland (FRS 102) and the Charities Act 2011. Basis of preparation The Haven Trnst meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prep&red under the historical cost convention with items recOls¢d at cost or transaction value unless otherwise stated in the relevallt note(s) to these accounts. Going concern Th¢ trusts¢s consider that there are no nrnterial uncertainties about the chatitys ability to continue as a going oncern. Income and endoTrYwents Voluntary iELcome including donatiODS, gifts, legacies and grdnts that provide core funding or ate of a general nature is T¢cognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured witb sufficient reliability. Donations and le¥aeies Donation£ and lega¢ies are r¢cognised on a receivable basis when receipt is probable and the amount can be reliably measured. Expenditure All expenditW is Tecognised once there is a legal or conslrnctÈve obligation to that expendRtute, it is probable settlem¢nt is required and the amount can be measured reliably. All costs are allocated to the applicable exp¢nditur¢ heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use OF resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of stsff costs. Raising funds These are costs incurred in attracting voluntary income, the management of investsnents and those incurred in trading activities that raise fids. Support eo$ts Support costs include centra] fimctions and have been allocated to activity Cost categories on a basis conststent with the use of resources, for example, allocating property costs by floor areas, or per capit4 staff costs by the tittLe spent alld other costs by their usage. Page 9
The Haven Trust Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) Taxatiott The charity is considered to pass the t¢sts set out in Paragraph I Schedule 6 of the Finan¢¢ Act 2010 alld therefore it meets the defEnition of a charitsbl¢ company for UK CoOratIOn tax pury)oses. ArKordFngly, the charity is potcntialty exempt from taxation in respect of incorne or capital gains received within cattgories covered by Chapter 3 Part l L of the Corporation Tax Act 2010 or Section 256 of the Taxalion of Chargeable Gains Act 1992, to the extent that such incon]e or gains are applied exclusivety to charitable purposes. Tangible fixed assets Individual red assets costing £iOO.00 or more are initialIy recorded at COSL less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so ag to write off the cost or Valuatio kess any estimated residual value. over th¢ir expected useful economic life as follows.. Asset class Land and building Furniture and equipment Motor Vehicles Depreciation lltethod and rate 2 1 StraÈght ]ine 200/0 Reducillg balance 250/0 Reducing balance Trade debtors Trade debtors are amounts due from custon]ers for merchandise sold or services perfom]ed in the ordinary course of business. Trade debtors are recognised initially at the trnnsaction price. They are subsequently measuTed at &mortis¢d ¢ost using the effective interest method, less provision for iJnpaim]eni. A provision for th¢ impairnjent of trade debtors is establÉshed when there is objectÈve evidence that the charity will not be able to collect all arllounts due according to the original ternis of the r¢ceivables. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other sbort-terni higbly liqukd invesknents that are reath]y convertlble to a known amount of cash and are subject to an insignificant risk of hange in value. Borrowings Interest-bearing borrowillgs are initially recorded at fair value, net of transaction costs. Interest-bearlllg borroivtngs are subsequently carried at amortised cosL with the difference b¢tween the proceeds, net of transaction costs, and the amount due on redemption being recognised as & charge to the Statement of Financial Activities over the period of the relevant born)wing. Interest expeDSe IS recognised on the basis of the effective int¢r¢st method and is included in interesL payable and similar charges. Borrowings are classified as ¢umt Ikabilxties unless the charity has au unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Page 10
The Haven Trnst Notes to the Fillaneial Statements for the Year Ended 31 December 2022 (contillued) Fund structure Unrestricted income fimds are general funds tbat are available for use at th¢ trustees discretion in fi]rtherance of the objertkv¢s of the charity. 2 Income from dollations and legacies Unrestrleted funds General Total 2022 Total 2021 Donations and leg1¢$. Donations from individuals Gift aid reclaimed 25,270 3,158 25,270 3,158 30,514 3,749 28,428 28,428 34,263 3 Investment inco¢ Unrestricted funds General Total 2022 Total 2021 Interest receivable and similar income. Interest receivable on bank deposits 112 112 102 4 Expenditure on raising fllnd$ a) Costs of generating donations and legacies Unrestricted funds Ceneral Tot21 2022 Total 2021 Note D0Thatios paid Allo¢ated support costs 12.909 26.486 12,909 26,486 39,395 14,532 19,021 39,395 33,553 Pagell
The Haven Trust Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) 5 Other expendlture Unrestri¢t¢d funds General Total 2022 Total 2021 Iyote Depr¢¢latiO amort15ation and other siniilar ¢osts 2,833 2,833 2,833 3,213 2,833 3213 6 Analysis of support costs Raising funds expenditure Costs of generating donations and legacies Unrestri¢t Total 2022 Total 2021 Basis of allocatlon General Bank clwges Governance/Accountancy fees Insurance Motor expenses Rent Site maintenance Utilities Legal Costs 99 1,325 3,990 1,416 5,000 3,490 11.016 150 99 1,325 3.990 1,416 5,000 3,490 11,016 150 54 1260 3,320 2,268 5,000 520 6,599 26,486 26,486 19,021 7 Trustees remulleration alld expenses No trustees, nor any persons connected with them, have received auy remuneration from the charity during the year. Page 12
The Haven Trust Notes to the Financial Statements for the Year Ended 31 December 2022 (eontinued) 8 Taxation The charity is a registered charity and is therefore exempt from taxation. 9 Tangible fixed assets Land and buildings Furniture and equipmellt Motor vehicles Totsl Cost At l January 2022 At 31 December 2022 76,468 46,953 10,794 134,215 76,468 46,953 10,794 134,215 Depreciation At l January 2022 Charge for the year At 31 December 2022 15,292 1,529 43,635 664 8,233 640 67,160 2,833 16,821 44299 8,873 69,993 Net book Value At 31 De¢ember 2022 59,647 2,654 1,921 64,222 At 31 D¢cember 2021 61,176 3,318 2,561 67,055 10 Debtors 2022 2021 Gift aid receivable Other debtors 3,158 2,040 3,749 2,000 5,198 5,749 11 Cash and cash equivalents 2022 2021 Cash on halld C&h at bank 330 40.423 200 55,792 40,753 55,992 12 Creditors: amounts falling due WAthin one year 2022 2021 Accruals 1,325 6,260 Page 13
The Haven Trnst Notes to the Finaneial Statements for the Year Ended 31 December 2022 (continued) 13 Funds Balanee at I January 2022 B21ance at 31 Decewber 2022 Incoming resources Resources expended Unrestrieted funds General 122,536 28,540 (42,228) 108,848 Balance at I January 2021 Balance at 31 December 2021 IneomAng rourceS R&8our expended Unrestricted fullds General 124,937 34,365 (36,766) 122,536 Page 14