ChaTty registratii)n nuRnber. 105030 The Haven Trust Awiual Report and Financial Stat¢ments for the Year Ended 31 December 2024
The Haven Trnst Contents (continued) Reference and Administrative Detalls 2to4 Truste¢s' Report Statement of Trnstees, Responsibilities Independent Exatninerfs Report Statement of Financial A¢tiviti¢s Balance Sheet Notes to the Financial Statements 9t014
The Haven Trust Reference and Administrative Detsils Trustees Sharon Caldwell Wilma KiTk Charity Registratlon Number 105030 Prineipal Offiee 44A RA¢kamore Road Upper TenwlepatrAck Co kntrim BT39 OJE Independent Examiner TB Millar & Co 6 Doagh Road Ballyclar¢ Co Antrim BT39 9BG Page I
The Haven Trnst Trustees, Report The Trustees present their report and the financial statements of the charity for the year ended 31 December 2024. The Trnste¢s confirn] that th¢y cojnply with th¢ requirements of th¢ Charities Act (North¢m Ireland) 2008, The Charities (Anllll Return) RegulatÉons (Northern Ireland) 2015, The Charities (At)nual Return) Regulations (Nortbern Ireland) 2015 alld Accounting and Reporting by Charities: Statement of Recommended Practice wbich applies to charities preparing their accounts in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ir¢land (FRS 102) (effective l January 2015). The Trustees Th¢ Trustees who served the charity durxng the year were as follows: Wilma Kirk Sharon Caldwell StCr4 Governanee & Mawagement The Haven Trust operates from the Haven Christian Centre and is constituted by a Trust Deed. It was establish¢d on February 1st 1989. Trust¢e Selection, App(bintment & Competence New trustees in the future would b¢ appointed by PTay¢rfid wement of the existing trustees. ststement of complianee In s¢ttiThg our activities and planning activities for the year the trnStees have given careful consideration to the Charity CornmissAon for Northern IreR&nd's guidance on public benefit to ensure that the adivities have helped to a¢hiev¢ the charity's purposes and provide a benefit to the beneficiaries. Purposes The Haven is a non-denominational organisation which exists to advance the Good News of Jesus Chris¢ nationally and internationally, and to share that hope and compassion prayerfidly and practicalky by bringÉng help to those who seek relief from debt distress and (kspair. There is no harni associated with the punx)ses. Benefi¢lari&s The ¢harty'S beneficiA¢S are: Elderly people from the area who receive prartical help exther with Iransport or carryitig out smalk jobs around th¢ir properties. Local people who receive food which bas been collected & distnl)uted through local churches, charities and foodbanks. People who are facing hardship by reason of age, ill-health, disability, fllMncial issues or other disadvantage5. Provision of fanCial support to Jnissionaries in Europe. Africa and Asia. Public benefit During th¢ pertod, the charity has continued to provide benefits from its activiti¢s as follows: This is an extremely varied worK &s we seek with th¢ Lords help to relieve d¢bL distress and despais. Page 2
The Hav¢n Trnst Trustees, Rep(brt (eontinued) Each SIation we deal with is uuique to its¢lf. We operate a furniture store whicb accepts Second hand fiui)iture and Can redistribute this to p¢opl¢ in ne Some of our vohurteers are retir¢d tradesmen which gives us the abilty to do minor repairs in the home. We also support fman¢ially, prayerfully and practiralty other Clllistian ch&rities in NI and internationalty. The Public benefit, 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 de with are extremety sensitive and private and whilst r¢cords are kq)t of who, how and when, it would not be appropriate to share those things publi¢ly. However, in general tern)s in 2024, a few prnctical illustrations would include gkving t¢mporary accommodation to a person whose home ]if¢ become unbearable. We continue to visit th¢ elderly and bousebound and meet what practical needs we can, whether it be transport or something tninor Tepaired or a tidy up &round the yard and garden. Just as with the spiritlial side of the Haven's work, our purpose includes slwimg God's lov¢ by PTactAcal means with those who are in need. Tinanexal Review aDd Results for the Year Se¢ attrached &tUal accounts for the year ended 31 December 2024. Risk Management Risk is &u everyday part of the Charity's norn]al activity. The Trustees have consider¢d and Adentified the major risk5 to which the charity is exposed and havlng taken appropriate professional advice have been assured that adequate systems and procedures are in place in ord¢r to mitigate or manage those risks. Reserves Policy The Charity does not have a reserves policy. Disclosure A disclosure has been made to tbe cbaTity ¢on)missioD. Results The reSts for the year and the c]]arAty'S financial position at the end of the year are shown in the attached fjnancial statements. Pag¢ 3
The Haven Trust Trustees, Report {continued) Plans for th¢ future The charty expects to continue to provide prnctical assistance to the eld¢rly and housebouThd in the a Accom]nodation will still be provided through the residential facility. Practiral and prayer1 support will be provid¢d to Christian charities in Northern Ireland and throughout the world. The charity is gradu<y winding up its work within'the community. The Trustees are bringing the affairs of the Charty up to date. They will take professional adviee and after prayerful consideratkoll move to distribute the remaining assets to Charities with similar al and objectives. The annual report was approved by the trustees of the charity on 18 Juty 2025 and signed on its behalf by: Wi]ma Kirk Truste¢ Page 4
The Haven Trust Statement of Trustees, Responsibilities The trustees are responsLI)le for preparing the trustees, report and the fmancial statements in aordanCe with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requir¢s the th]stses to prepare fall¢la1 statements for each fjjthncial year which giv¢ a true and fair view of the state of affairs of the charity and of the incoming r¢sources and application of r¢sources of the Charity for that period. M preparing thes¢ fllwicial statements, the tswtees are required to.. select suitable accounting policies and then apply them Thistentty" observe the m¢thods and principles in the Charities SORP. mak¢ judgenwits and estimatss that are reasonable alld pnJd¢nt' state whether applicable accounting standards have been followel subject to any material departsw¢s disclosed and explained in the fin&ncial statements; and prepare the finall¢ial statements on the going Concern basAs unless it is inappropriate to presLml¢ that the charity will continue in business, The tntste¢s are responsible for keeping proper accounting records disclos¢ with reasonable accuracy at any time the fmancial position of the charity and enable them to ensure that the fmancial statements Collwly with the ChLtieS Act 2011, the Charities (A¢counts and R¢ports) Regulations 2008, and the provisions of the constitutioJL The tsvstees are also responsible fi)r safeguarding the assets of the charity and hence for taki reasonable steps for th¢ prevention and d¢t¢ction of fi7ud and other irregularAties. The trustees are responsible for the maint¢Dan¢¢ and integrity of the corpordte and fEnancial infonnation included on the charitsble company's web5lte. Legislation governing the pr¢paration and dissemination of fjnancial statements may differ from legislation in other jutisdictions. Approved by the tntstees of the charity on 18 Juty 2025 and signed on its behalf by: Wihna Kirk Trustse Page 5
The Havell Trust Independent Kxaminer's Report to the trnstees of The Haven Trust I Teport to the trust¢¢s on my examinatkon of the accounts of The Haven Trust for the year ended 31 Decetnber 2024. Responsibilities and basis of report The Haven Tnt'S ttwtees ar¢ responsible for th¢ prq)aration of the fi]Mncial statements in accoTdan¢¢ with tern of the Charities Act (Nortbem Ireland) 2008. The Haven Tn'S trustees Consider that an audit is not required under section 65(2) (audit) of the Charities Act (Northern Ireland) 2008 for the y¢ar and that an independent examination under strtion 64(1) of th¢ Charities Act (Northern Ireland) 2008 is require(I It is my responsibility to: • examine the accounts under section 65 of the CharKties Act. . follow the procedures laid down in the general Directions given by the Con)mission under section 65(9)(b) of the Charities ACL • to state whether particular matters have come to my attention. Basis of Indepelldent txajniner's report My examination was canied out ullder Section 65 of the Charities Act (Northern Irelalld) 2008. An eXamitiOn includes a review of the accounting re¢ords kept by the Charity and a comparison of the fJnaIal statements presented with those records. It also includes consideration of any unusual ltert or disclosur¢s ill the financial statements, and s¢¢lang explanations from the trnste¢s concerning any such mattffl5. Ther procedures do no provide all the evidence that would be r4uired in an audil and consequentty I do not express an audit 4)pinion on the view given by the finarlcial statements. Independent examiner's statement In the course of my exan]inatiory no matter has come to my attention: (l) which gives me reasollable cause to believe that in any matLa] respect the requirements: • to keep proper accountÈng records ill accordance with SectÉon 63 of the CltieS Act (Northern Ireland) 2008, and • to prepare finaucial statenkent5 which accord with the accounting records in accordance with Seotion 64 of the Charities Act (Northern Ir¢land) 2008 have not been met" or (2) to which, in my opinion, attention should be drawn in order to enable & proper understanding of the financial statements to b¢ reache(t Mill FCA Countant 6 Doagh Road Bally¢la Co Antrim BT39 9BG 18 July 2025 Pag¢ 6
The Haven Trnst Statement of Financial Activitles for the Year Ended 31 Decemb¢r 2024 Total 2024 Unrestricted Note Income and Endowments from: Donations and legacies Inveslment income 12,470 59 12,470 59 Total inme 12,529 12,529 Expellditure on: Raising funds Other expenditure (34,982) 2,366) (34,982) 2,366) Total expendillwe Net movem¢tst in fL)nds Reconciliation of funds Total fimds brougbt forw&rd Total funds Garried foThvard (37,348 (37,348) (24,819) (24,819) 108,594 108,594 13 83,775 83,775 Total 2023 Unrestricted Note Income and EndDJvmeDts Irom: Donations and legacles Investment income 41.706 94 41,706 94 Total illwm¢ 41,800 41,800 Expenditsre on: Raising funds Othei expendittwe Total expenditwe Net movemertt in funds Reconeiliatioll of lunds Total fimds brought fonvard Total funds carried forward (39,448) (2,606) (39,448) (2,606) 42,054) 42,054) (254) (254) 108,848 108,848 13 108,594 108,594 All of the charitys activities derive from continuing operations dwing the above two peTiod5. The fimds breakdown for 2023 is shown in note 13. The notes on pages 9 to 14 fonn an illteg part of these finallcial statements. Pag¢ 7
The Haven Trust (Registration number: 105030) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets 59,579 61,945 Current assets Debtors C&sh at bank and in hand io 2,026 23,600 25,626 (1,430) 4,116 48,011 Credltors: Amounts falling due withln one year Net current assets 12 (1,362) 24,196 46,649 108,594 Net assets 83,775 Funds of the Charity: Unrestrlcted iucome funds Unrestricted funds 83,775 108,594 108,594 Total funds 13 83,775 Th¢ finallC1 statements on pages 7 to 14 were approved by the trLlSte¢s, and authorksed for issue on 18 July 2025 aad signed on their behalf by: Wiima Kirk Trustee The notes on pages 9 to 14 forni an integTal part of these fuwucial statements. Pag¢ 8
The Haven Trust Notes to the Financial Statements for the Year Ended 31 December 2024 l Accounting polici¢s Statement of compliance The fwancial statements have b¢¢n prepared in accordance Thith th¢ second edition of th¢ Ckwities Statement of Recoll]mended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Clwities Act 2011. Basis of preparation The Haven Trnst m¢ets the defLnition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared Und the historical cost ¢onvontion with items recognised at cost or Iransaction value unless oth¢nvise stated in the relevant notels) to thes¢ accounts. Going concern The trLe¢S consider that th are no material uncertainties about the charity's ability to continue as a golng Income and endowments Voluttt&ry income including donations, gifts, legacies and • that provide c4)r¢ funding or are of a general nature is recognised wh¢n the charity has ¢ntitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probabl¢ and the amount can be rellably measured. Expenditure All expenditure is recognised once there is a legal or ¢onstrllctive obligation to that expenditur¢, it is probable settlement is required and the amount Can be measured reliably. All costs are allocated to the applicabl ¢xpenditure heading that aggregate similat costs to that category. Wbere costs cannot be directty attributed to particular headings they have been allated on a basis consistent with the use of resources, with central staty sts allocated on the basis of time spent, and depreciation tharges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raising funds These are costs incurred in attracting volurAtary incolne, the atgernent of investments and those incunrd in tradiug activities that rnise fim&s. Support e(YJts Support costs iuclude central fimctions and have been allocated to activity cost catrgories on a basÈs consistent with the use of resources, foT exan)ple, allocating propety costs by tloor area&. or per capits Staff costs by th¢ time spent and other costs by their usage. Page 9
The Haven Trust Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Taxation The charity is consider¢d to pass the tests set out in Paraaph I Schedule 6 of the Fitl¢e Act 2010 aud therefore it meets the definition of a ch&itable company for UK corporation tax purposes. Accordingly, the harity is potentially exempt from taxation in respect of incom¢ or capital gains r¢¢eived within categories covered by Cbapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Clwgeable Gains Act 1992, to the &Ytent that such income or gains are applied exclusivety to charitable purpos¢s. Tangible fLxed assets Individual red &sset8 Costing £100.00 or more are initially recorded at cost, less any subsequent accumulated depre¢iation and subsequent accumulated inJpairm¢nt losses. D¢preciatlon and amortisatlon Depreciation is provided on tangible fLxed assets so as to write off the cost or vakuatioo less any estimated residual value, over their expected use1 econoniic life as follows: Asset class Land and building Furniture and equipment Motor Vehicles Depreciation method and rate 2 % Straight line 2(W/o Reducing balance 25 % Reducing balance Trade debtors TTade debtors amounts due from Customers for merchandise sold or services perfornied in the ordin course of busine5S. Trade debtors are recognised inAtially at the transactkon price. They are subsequently Measur at amortised cost using th¢ effectkve illterest method, less provAsion for impairnient. A provision for the ijnpairment of trade debtors is established when there is objective evidence that the ¢harity will not be abl¢ to Collect all amounts due according to the Origillal ternis of the receivables. Cash 2nd cash equlvalellts Cash and ¢&sh equivalellts ¢omprise cash on hand and call deposits, and other short-tenn highly liquid investments that are readily convertible to a known amount of cash and are subjcct to an insignificant iisk of change in value. Borrowings Interest-b¢aring borrowings are initially rexorded at fair value, net of trarsaction costs. Interest-bewing borrowlngs are subsequently ¢atTied at amortised cosl wlth the difference betsv¢en the proceeds, net of transartioll costs, and the amount due on redemption being recogllised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable d similar charges. Borrowings are classified as current liabilities unless the charity h&8 an unconditional rIt to defer settlement of the liability for * least twelve months after the reporting date. Page 10
The Haven Trust Notes to the Financial Statements for the Year nded 31 December 2024 (continued) Fw)d structure Unrestrtcted income fLmds are general funds that are available for use at th¢ tntss discretion in fiirtherance of the objectives of the Charity. 2 Income from donations and legacies Unrestricted funds General Total 2024 Totsl 2023 Donations and legacies. Donations from 3ndividuals Gift ala reclaimed 10,444 2,026 10,444 2,026 34,785 6,921 41,706 12,470 12,470 3 Xnvestment income Unrestricted funds General Total 2024 Total 2023 Interest receivable and similar income. Interest receivable on bank deposits 59 59 94 4 Expenditllre oll raising funds a) Co%ts of generating donations and legacies Unrestricted funds General Total 2024 Totsl 2023 Note Donatiotts paid Allocated support Costs 13,522 13,522 21,460 34,982 11,346 28,102 34,982 39,448 Page 11
The Haven Trust Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) S Other expenditure Unrestrfcted funds General Total 2024 Total 2023 Note Depr¢ciatIo amortisation and other similar costs 2,366 2,366 2,366 2,606 2,366 2,606 6 Analysis of 5UPPOrt eosts Raising funds expenditure Costs of generating donatlons and legacies Unrestricted Total 2024 Total 2023 Basis o allocation General Bank charges Goven]anc¢/Ac¢owitancy fees Insurance Motor expenses Rent Site maintenance Utilities Legal Costs 86 1,424 4,000 418 5,000 2,676 7,856 86 1,424 4,000 418 5,000 2,676 7,856 84 lJ62 4,305 1,839 5,000 5,066 8,946 1,500 28.102 21,460 21,460 7 Trustees remuTher2tion and expenses No trustees, nor any persons connected with them. have received ally remuneration from the chgrty during the year. Page 12
The Haven Trust Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 8 Taxation The chaTity is a registered cbatity and is therefore exempt from taxation. 9 Tangible fixed assets land and buildings Furniture and equipment Motor vehlcles Total Cost At l January 2024 At 31 Decenther 2024 76,468 47282 10,794 134.544 76,468 47282 10,794 134,544 Depreciation At l J8nuary 2024 Charge for the year At 31 December 2024 18,350 1,529 44,896 477 9,353 360 72,599 2366 19,879 45,373 9.713 74,965 Net book value At 31 December 2024 56,589 1,909 1.081 59.579 At 31 DeG¢mber 2023 58,118 2,386 1,441 61,945 10 Debtors 2024 2023 Gift aid receivable Other debtors 2,026 4,026 90 2,026 4,116 11 Cash and eash equivalents 2024 2023 Cash on hand Cash at bank 2,585 21,015 23.600 650 43,245 43,895 12 Creditors: amounts falling due within one year 2024 2023 1,362 Accruals 1,430 Pag¢ 13
The Haven Trust Notes to tbe Financial Statements for the Year Ended 31 December 2024 (continued) 13 Funds Balanee At 31 Deeember 2024 Balanee at I January 2024 Incoming resources Resources txpelld¢d Unrestricted fund$ General 108,594 83.775 Balance at 31 December 2023 BalaThce at I January 2023 Incoming resourccs Resources ¢xpellded Unrestrieted funds General 108,848 41,800 (42,054) 108,594 Pago 14