Chai'ity reiyistratton number.. 1050JO The Haven Trust Annual Report aE]d Financial Statements for the Year Ended 3 l December 2023
The Haven Trust Contents (continued) RefeTence and Administrative Details Trustees, Report 2to4 Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9t0 14
The Haven Trust Reference and Administrative Details Trustees Sharon Caldwell Wilma l<irk Charity Registratiott Number 105030 Principal Office 44A Rickamore Road Upp¢r Templepatrick Co Antrim BT39 OJE Independent Exgminer TB Millar & Co 6 Doagh Road Ballyclare Co Antrim BTJ9 9BG
The Haven Trust Trustees, Report The Trustees presertt their report and the financial statements of the charity for the y¢ar ended 31 DeceiTJber 2023. The Trustees confirni that they comply with th¢ requirements of the Charities Act (Northern Ireland) 2008, The Charities (Akinual Return) Regulations (Northern Ireland) 2015. The Chariti¢s (Annual Return) Regulations (Northern Ireland) 2015 and Accounting and Reporting by Chariti¢s'. Statement of Recommended Practice which applies to charities pr¢paring their accounts in accordance with th¢ Financial Reporting Standard applicable in the UIC and Republic of Ireland (FRS 102) (effective l January 2015). The Trustees The Trustees who served the charity during the year were as follows.. Wilma Kirk Sharon Caldwell Strueture, Governance & Management The Haven Trust operates from the Haven Christian Centre and is constituted by a I'rust Deed. li was establislied on February I st 1989. Trustee Selection, Appointment & Competen¢e New trustees in the future would be appointed by prayer1 agreement of the existing trustees. Statement of compliance In setting our activities and planning our tiVItIeS for the year the trustees have oiv¢n careful considei'ation to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities hav¢ helped to achieve the chaTitys purposes and provide a bet)efit to the beneflciaries. Purposes The Haven is a non-denoiJinational OTganisation which exists to advance the Good News of Jesus Christ, nationally and internationally, and to share that hope and coinpassion prayerfully and practically by bringing help to those who seek relief frotn debt distress and despair. ThtTe is lio harm associated with the puryios¢s. Beueficiaries The charitls b¢neficiaries are.. Elderly people from the area who rective pCtIcal help either with transport or carrying out small jobs around theiT properties. Local people who receive food which has been collected & distributed througli local ¢hurthes, charities and foodbanlcs. People who ar¢ facintr hardship by reason of age, ill-health. disability, financial iSSLies OT Other disadvaiitages. PTovision of financial support to missionaries in Burope, Africa and Asia. Public benefit During the period. the charity has continued to provide benefits from its a¢tivities as follows.. This is an extremely varied Nvork, as we s¢¢lc with th¢ Lords h¢lp to relieve debt, distress and despair. Page 2
The Haven Trust Trustees, Report (continued) Each situation we deal with is unique to itself. We operate a rnIture store which accepts se¢ond hand furniture and can redistribute this to people in need. Some of our volunteers are retired tradesmen which gives us the ability to do minor repairs in the home. We also support financially, prayerfully and pra¢ti¢ally other CEtYistian charities in Nl and missionaries in Finland and Thailand and Kenya. The Public benefiL for spiritual and practical, is difficult to demonstrate as it would depend on the personal testiinony of thos¢ who are helped. More often than not the situations we deal with are extremely sensitive and privat¢ and whilst records are kept of who, how and when, it would not be appropriat¢ to share those thin(rs publicly. However, in geT)eral teiThs in 202), a few practical illustrations would iiiclude (Fivill(r teinporai-y ac¢onimod&lion to a persgn whose hoin¢ life had become unbearable. We ¢ontinue to visit the elderly and hoLLsebound and meet what practical needs we can, whether it be transport or somethinu minor repaired or a tidy up around the yard and garden. Just as with the spiritual side of the Haven's work, oui. puo)ose includes sharing God's love by PTactical means with those who are in need. Fin2neial Review and Results for the Year See attached annual accounts for th¢ year ended J l December 202J. Risk Management Risk 18 an everyday part of the Charity's nornial actLVity. The Trustees have considered and identified the maJor risks to which the charity is exposed and havints tal<en appropriate professional advi¢e have been assLir¢d that adequate systems and pro¢edures are in place in ordtr to mitÈgate OT manage those Tisks. Reserves Policy The Charity do¢s not have a Teserves policy. Pensions The charity operates a defined contribution pension scheme (which meets the requirements of The Pensron Reoulator as a qualifying worlcplace pension scheme) for the benefit of its permanent staff and those who are eligible under Auto Enrolment. The assets ar¢ administered by insurance companies in personal pension plans and gLre held independently from those of the charity. Contributions are charged to the Stateinent of Financial ActlVLtÉes in the period to which they relate. Disclosure A disclosure has been made to the charity commission. Results The results foT the year and the charit)Ps financial position at the end of the y¢ar are shown in the atLacheé rinancial statements.
The Haven Trust Trustees, Report (continued) Plans for the future The charity expects to continue to provide practical assistance to the elderly and liousebound in the area. AccommodatÉon will still be provided through the residential facility. Practical and prayei'ful support H'ill be provided to Christian charities in North¢rn Ireland and throughout the world. The annual report was approved by the trustees of the charity on 10 July 2024 and signed on its behalf by: Wilma Kirk Tntee Page 4
The Haven Trust Statement of Trustees, Responsibilities The trustees are i-esponsible for preparin(r the LiSlee$, repoTt and the financial statemenis in accordance with the United Kingdotn Accounting Standards (United Kingdorn Generally Accepted Accountintr Practice) and applicable law and regulations. The law applicable to charities requires the trustees to PT¢paTe financial statements for ¢ach financial year which give a true and fair view of th¢ state of affairs of the char£ty and of the incomin(T resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles tn the Charities SORP. make judgements and estirnates tbat are reasonable and prudent; state whether applicable accounting standard5 have been followed, sub3e¢t to any matertal departures disclosed and explained in the financial statements. and 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 responsibl¢ foT Iceeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial stateinents coinply wilh the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the chai-ity and henc¢ for fakino reasonable steps for the prevention alld detection of fraud and other irregulariti¢s. The trustees are re5PO])sible for the maintenance and integrity of the coyporate and financial inforn]ation included on tbe charitable company's website. Legislation governing the preparation attd disseinination of fLnancial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on l O July 2024 and siryned on its behalf by.. Wilma Kirlc Trustee
The Haven Trust Independent Examiner's Report to th¢ trustees of The Haven Trust I report to the trustees on my examination of the accounts of The Haven Trust for the year ended 31 D¢¢emb¢r Responsibilities and basis of report The Haven Trust's trustees are responsible for the preparation of the financial statements in accordance with terms of th¢ Charities Act (Northern Ireland) 2008. The Haven Trust's trustees consider that an audit is not required under section 65(2) (audit) of the Charities Act (Northern Ireland) 2008 for the year and that an independent examination under section 64(1 } of the Charities Act (Northern Ireland) 2008 is required. It is my respoTksibility to.. examine th¢ accounts under section 65 of the Charities Act. follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b} of the Charitt¢s Act. . to state whether particular matters have Come to my attention. Basis of Independent examiner's report My exainination was carried out under Section 65 of the Charities Act (Northern Ireland) 2008. An examiiiaiioii includes a review of the accounting records kept by the Charity and a Comparison of the fiiiancial statements Presented with those recoTds. It also includes consideration of any unusual ttems or disclosures sn the financial statements, and seelcintr ¢xplanations from the trustees concernin(y any such matters. Ther procedures do no provtde all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the finanGTal stateinents. Independent examiner's Statement Iii the course of my examination, no rnatteT lias come to my attention.. (l ) which gives me reasonable cause to believe that in any material respect the requireineiits= to keep proper accountiiits records in accordance with Section 63 of the Charities Act (Northern Ireland) 2008, and to prepare financial statements which accord with the accoLtnting records in ac¢ordanc¢ with Section 64 of the Charities Act (Northern Ireland) 2008 have not bten met; or (2) to which, in my opinion, attentffton Should be drawm in order to eT)able a proper understandinu of the financial statements to be reached. rFCA ccountant Ch rtered 6 Doag Bally¢lare Co AntriiT) BfJ9 9BG oad 10 July 2024 Page 6
The Havell Trust StateAn¢nt of Financial Activities for the Year Ended 31 December 2023 Total 2023 Unrestricted Note Ineome and Endowments from: Donations and le(racies Investment income 41,706 94 41.706 94 Total income 41,800 41,800 Expenditure on: Raising funds Other exp¢nditure (39,448) (2,606) (J 9.448) (2,606) Total expenditure Net movetnent in funds (42,054) 142,054) {254} (254) Reeoneiliation of funds Total funds brought forward 108,848 108,848 Total funds ¢arried forward 108,594 108,594 Total UnrestricÉed Note Income and Endowments fro. Doiiatioiis and legacies Investment incoine 28,428 112 28,428 112 Total income 28,540 28,540 Expenditure on: Raising funds Other expenditure ()9,)95) (2,8J3) (39,J 95) 12,83Jl Total expenditure Net movement in funds (42,228) (42,228) (lJ,688) (13,688) Reeonciliation of funds Total funds brouJ(r t forward 122,5i6 122,5i6 Total llds carried forward 13 108,848 108,848 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is Sho in Dote 13. The notes on paoes 9 to 14 fonn an integral part of these financial scatements, Page 7
The Haven Trust (Registration number: 105030) Balance Sheet As at 31 December 2023 2023 2022 Note Fixed assets Tangible assets 61,945 64,222 Current assets Debtors Cash at bantc and in hand 10 4,116 43,895 5,198 40,75) 48,011 45,951 Creditors: Amounts falling due within one year 12 (1,)62) Net current assets 46,649 44,626 Net assets 108,594 108,848 Funds of the charity: Unrestricted ineome funds Unrestricted funds 108,594 108,848 Total funds 108,594 108,848 The financial staÈemeDts on pages 7 to 14 were approved by the trustees, aiid authorised for issue on 10 July 2024 and signed on their behalf by.. Wilma Icirk Trustee The notes on pages 9 to 14 forni an Inteal part of these financial statements. Page S
The Haven Trust Notes to the Financial Statements for the Year Ended 31 December 2023 l Accounting poli¢ies Statement of Complianee The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the Unit¢d Kingdom and Republic of Ireland (FRS 102) and the Chartties Act 2011. Basis of preparation The Haven Trust meets the def7nition of a public benefit entity under FRS 102. Tlie accounts (financial stateinents) have been prepared under tlie historical cost convention with items recognised at cost or transaction value unless otFLerwis¢ stated in the relevant note(s) to these accounts. Going Concern The trustees consider that there are no material uncertainties about the ChIty's ability to continue as a goino concern. Income endowments Voluntary income including donations, gifts, legacies and grants that provide Cor¢ funding or are of a g¢n¢ral nature is recognised when the chaTity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donatlons and Icg&cies Donations and legacies are recognised on a Te¢eivable basis wheY] receipt is probable and the ainounr can be reliably measured. Expenditure All expenditure is recognised once there is a legal or constru¢tiv¢ obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that a(Tgr¢gate similar costs to that cate<TOry. Where costs cannot be directly attributed to particular beadings they have been allocated on a basis ¢onsist¢nt with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charg¢g allocated on the portion of the asset's use. Other support costs are alloCad based on the spread of staff costs. Raising funds These are costs incurred in attra¢ting voluntary income, the manaoement of investments and those incUed in trading actlVLties that raise fiknds. Support Costs Support costs include central functions and have been allocated to activity Cost catettories on a basis consistent with the use of Tesour¢es, for example, allocatinty prop¢rty costs by floor areas, or per capita, staff costs by the time spent and other costs by their iisage.
The Haven Trnst Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Taxation The charity is considered to p&ss the tests set out in Paragrapli I Schedule 6 of the Finance Act 2010 and rhertfore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxatTon in respect of in¢om¢ or ¢apital oains received within categories covered by Chapter 3 Part I l of the Corporatioii Tax Act 201 O or Section 256 of the Taxation of Chartreable Gains Act 1992, to the extent that such income or cyains are applied ¢xclusiv¢ly to charitable purposes. Tangible fkxed assets Individual fixed assets costing £ 100.00 or mol-e are initially record¢d at cost, less any subsequent accuillulated depreciation and subsequent accumulated impairnient losses. Depreciation and amortisation Depreciation is provided on tan(3ible fixed assets so as to write off the cost or valuation, legs any estimated residual value, over theiT expected useful econoiT)ic lif¢ as follows: Asset class Land and building Furniture and equipment Motor Vehicles Depreciation method and rate 2 % Straioht lin¢ 200/0 Reducing balance 25 /9 Reducing balan¢¢ Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfornied in the ordinary course of business. Ti'ade debtors are recoonised initially at the transaction p¥ice. They are subsequently measured at amortised cost using the effective interest method, less provision for impaimient. A provision for the impairnient of trade debtors is established when there is objective evidence that the charity will not be able to collect all an]ourJts due according to the original tenns of the receivables. Cash and cash equiTralents Cash and cash equivalents comprise cash on hand and call deposits. and other short-term hiohly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Borrowings Interest-bearintr bOowingS are initially r¢eorded at fair value, net of transaction costs. Interest-beariiig borrowinos are subsequently carried at amortised cost. with the difference between the prweeds, net of trans&ction costs, and the amount due oll redemption being recognised as a charge to the Statement of Fiiiancial A¢tivitÈ¢s over the period of the relevant bOowing. Interest exptLise is Tecotsnised the basis of the effective interest method and is included in interest payable and similar charges. Borrowinos are classified as current liabilities unless the ¢haTity knas an uncondttional TiJ<y t to defer settlement of the liability for at least twelve months after the reporting date. Page 10
The Haven Trust Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Fund structure Unrestricted income funds are general funds that are available for use at the trnstees discretion in furtherance of the objectives of the charity. 2 1n¢ome from donations and leggcies Unrestricted funds General Total 2023 Total 2022 Donations and lecracies; Donations from individuals Gift aid reclaimed 34,785 6,921 34,785 6,921 25,270 3,158 41,706 41,706 3 Investmemt income Unrestrieted funds General Total 2023 Total 2022 Interest receivable aiid SiTnilaT income- Interest receivable on bank deposits 94 94 112 4 Expenditure on raising funds a) Costs of generating donations and legacies Unrestricted funds General Total 2023 Total 2022 Note Donations paid Allocated support costs 11,346 28,102 11,346 28,102 12,909 26,486 39,448 Pagell
The Haven Trust Notes to the Financial Stat¢ments for the Year Ended 31 December 2023 (continued) 5 Other expenditure Unrestricted funds General Total 2023 Tota I 2022 Note Depreciation, amortisation and other 5irnilar costs 2,606 2,606 2,606 2.606 2,833 2,83) 6 Analysis olsupport costs Raising funds expenditure Costs of generating donatiolls and legacies Unrestricted Total 2023 Tot21 2022 Basls of alloeation General Bank char(Jes Gov¢rnancelAccountancy fees Insurance 84 1,362 84 99 I,)25 4,305 Motor expenses Rent Site mainfrnance Utilities Legal Costs 1,839 5,000 5,395 8,996 1,500 1,416 5,000 5,000 5,395 8,996 1,500 11,016 150 28,481 28,481 26,486 7 Trustees remuneration and expenses No trustees, nor any persons connected with them, hav¢ received any remuneration from the ¢hArity durintr the y¢aT. Page 12
The Haven Trust Notes to the Financial Statements for the. Year Ended 31 December 2023 (continued) 8 Taxation The charity is a Tegistered Charity and is therefore exempt from taxation. 9 Tangible fixed assets Land and buildings Furniture and equipment Motor vehicles Total Cost At l January 202) Additions 76,468 10,794 134,215 329 At 31 December 2023 76,468 47,282 10,794 1)4,544 Depreciation At l January 202) Charge for the year At J l December 2023 16,821 1,529 44,299 597 480 2,606 44,896 72,599 Net book value At 31 December 2023 58,118 1,441 61,945 At 31 December 2022 59,647 2,654 1,921 64,222 10 Debtors 2023 2022 Gift aid receivable Other debtors 4,026 90 3,158 2,040 4,116 5.198 I I Cash and cash equivalents 2023 2022 Cash on hand Cash at bank 650 40,423 43,895 12 Creditors.. amounts falling due within oJ)e year 2023 2022 Accrlials Page IJ
The Haven Trust Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 13 Funds Balan¢e at 31 Deeember 2023 Balance at I January 2023 Incoming resources Resources expended Unrestricted funds General 108,848 41,800 (42,054) 108,594 Balance at31 Dec¢Tnb¢r 2022 Balance at I January 2022 Ineoming resourcts Resourees expended Unrestricted funds General 122,5i6 28,540 (42,228 108,848 Page 14