Servant Trust- A Company Limited by Guarantee Charity no. 1055J4 Company no. N1639762 Servant Trust A Company Limited by Guarantee Directors Report and Financial Statements For the year ended 31 Augyust 2022
Servant Trust- A Company Limited by Guarantee Contents Page Reference and administrative delails of the charity, its directors and advisors Directors rq)ort Independent cxamincr's rcport Statement of financial activities incorporating income and expenditure account Statement of balance sheet Notes to the financial statements - Accounting Policies
Servant Trust- A Company Limited by Guarantee Reference and administrAtive details of the charity? its direetors and advisors For the year ended 31 August 2022 Trust¢es/Dir¢ctors Desmond Dick (chairman} Gdry McFadden Douglas Gilroy Douglas Smith (resigned 15 June 2022) Company registered nufflber 6J9762 Charity registered number 105534 Prillcipal office 3J Greystown Av¢nue Belf&8t BT9 6UG B2nker* Danske Bank Business Banking P.0. Box 18) Donegall Square West Belfast BTI 6JS Administrators Company Secretary - Mark Jordan Administrator- Sorcha Silcock P2gel K
Servan¢ Trust- A Company Limited by Guarantee Directors Report The Directors present their annual report together with the financial statements for Servant Trust for the period of110912021 )1108122. The Charity also operates undcr the name Charis Community. Ob ectives and Activities Primary objective To advance the Christian Religion on the Island of Ireland, and elsewhere, by- Conducting public meetings for prayer, biblical teaching, and services of praise and worship. Offering spiritual guidan¢¢, based on bibKicaI teaching and Christian tradition, applied to marriage, family, busin¢ss and social r¢lationships. Assisting established Christian Churches of different traditions by training members of Christian groups whose purpose are thc ddvancement of the Christian Religion whether within or beyond such churches. Any other charitable purpose according to the law of Northern Ireland, decided by the Directors. iv. Activities for achieving objectives In planning the activities of the Charity, the Directors have given due regard to thc Charities Act (NI) 2008 on public benefit, including thc guidance on advancemcnt of religion. The Charily works principally as the Charis Community, equÈpping and supportin8 its metnbcr5 to reach out bcyond their community to the broader public and share with them the Chrislian gospel and W<ty of life, and cquipping cotnmunity members to be good neighbours and good citizens, doing good works as an cxpression of their Christian faith. Relationship with other charities and grants policy The charity works closcly wilh thc Servants of the Word I'rust (a rcgislered charity in England and Wales) and the European Outreach Trust (a registered charity in England and Wales). With both of these it sharcs similar objccts and tolfrnm both it makes and rcccives grants in furtherance ofthose objects. The three charities cooperate on a numbcr of joint projects togethLr, and the Directors consider thal this cooperation greatly enhances the ability of this charity to further its charitable objects. Structure overnance and mana ement Constitution The charity waq established by Memorandum and articles of association on 23 August 2016 and ommcnced operating on that date. The Company was registered with Companies House on 22° July 2016. Method of appointment or election of Directors The managctnent of the ¢hdrity is the responsibility of the Directors who are elected and co-opted under the Memorandum and articles. Achievements and erformance Revieiv of activitie5 Servant Trust has continued to pursue its charitable objective of the furtherance of r¢lision thToush the holding of public meetings, theological presentations, youth work Page12
Servant Trust- A Company Limited by Guarantee attendance at international conferences. Financial resourccs were used to enabl¢ the activities Outlin below. Charis is part of an Intcrnational network of communities called Sword of the Spirit (SOS). Charis cuntiibutes financial and human resource to SOS and scnds representatives to European regional and International meetings. These havc included: Attendance at F,uropean Senior Coordinators meeting, October 2021. Attendance at Europcan Rcgional Meetig$ for thc SOS Constituent groups of Charis include Pips (J-5), Core (6-11). Charis Youth (11-18). These gTQUPS continue to operate within Ihe established Lhild protection policy. All volunteers in this area are police checked. Gary Mcb'adden and Heather Semple are designated Child Protection offic¢rs. Charis continues to woik with University age young people through University Christian Outreach (UCO). This work is important both in terms of our Evangelistic activity and in tems of being an ecumenical wilness in Northern Ircland. It includcs training courses in leadership for volunteers from across Europe which receives grants from the EU Erasmus program. Charis has clos¢ ties with the joint Church of Ireland/Methodist Chaplaincy in Queens which provides the main venue for Charis meetings. We continue to have c105e relationships with the Roman Catholic and Presb)terian Chaplaincy. Adults connect to Charis as associate or underway members. Th¢ cole of Charis are the publicly committed (permanent) members. Regular Meeting Pattern - Fortnightly open meetings in Church of the Resurrection, Elmwood Ave, Belfast. Monthly Sunday gatherings at Drumbeg Parish Hall, BeLfast Monthly Lord's Day meetings, Church of the Resurrection. Quarterly Member5 meetings also at the Church of the Resurrection Weekly UCO Meetings in Windsor Baptist Church, Lisburn Rd., Belfast. Fortnightly small ¥Youp discipleship meetings. Weekends and Residentials None of these took place this year due to the Covid-19 pandemic. Servant trust plans to continue to fulfLI the objectives of the trust through maintenance of these and similar activÈties. Workers Charis r¢rnuncrates a part lime administrator. Financial review Thc accounts foi 202112022 have been reviewed and found to be gatigfactory. Servant Trust (Ltd) had income of 1171,109 in 2021-2022 and expenditure of £158,986 creating a surplus of £1? 12J for thc year. Fund balances and adjustments Carried forward bring Ihe total surplus to £72,5J8 Going ¢on¢ern After tnaking appropriate enquiries, the Directors have a reasonable expectation that the charity has adequate rcsourccs to continue in opcrational existenc¢ for the foreseeable future. For this reason, they continue to adopt the goillg concern basis in preparing the financial statements. Pag¢13
Servant Trust- A Company Limited by Guarantee Reserves Policy The 'free' reserves are held for the following purpoges: to fund working capital r¢quirements, which the Directors consider to bc £1 O,000- to provide a buffer in case of any unexpected deterioration in income, for which the Directors use £lO.000 Principal Fundlng The income of the charity comes from regular donations from its members and bank deposit intercst. The charity does not own property or fixed assets, nui doc5 It have investments. Organisational structure and decisions making The Charity is governed by its Direclors. The Charis Community 15 governed by a Coordinators Council made up of some Directors and Senior Management. Day to day sponSibl11tY for the charity'5 financial atfaiis is vested in the administrators who meet regularly with the Directors and are accountablc to them. Plans for future eriods Future development The charity plan5 to continue its existing work. There have been no significant evcnts since the year end that need to be reported upon. Direetors responsibilities statement The Directors are responsible for preparing the Directors, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing thes¢ financial statements, the Directors are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unRess it is inappropriate to presume ihat the charity will continue in operation. The Directors are responsible for keeping proper accounttng records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the tinanctal position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2008, the Charity (Accounts and Reports) Regulations 2015 and the provisions of the trust's Memorandum and articles ot association. They are also rc5ponsible for safeguarding thc assets of thc charity and hcTEce for taking reasot]able Steps for the prevention and deteLtion of fraud and other irregularities. This report W&5 approved by the Directors, on 20, Jun¢ 2022 and signed on their beh<tlf by: Desmond Dick 211612022 Page14
Servant Trust- A Company Limited by Guarantee Independent Examiners Report Independent examiner's report to the Charity Directors of Seryant Trust Charitable Company I report on the accounts of th¢ company for the year ended i l August 2022, which are set out on pages 6 to 7. Respective responsibilities of charity Directors and examiner As the charity Directors (who are also the directors of the company for the purpos¢s of company law) you are responsible for the preparation of the accounts in accordance wilh the requ1mentS of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is ¢ligible for independenl examination, it is my responsibility to: examine the accounts under section 65 of the Charities Act to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act to state whether particular mattcrs have com¢ to my attention. Basis of independent examtner's report I hÉive examined your charity accounts as required under scction 65 of the Charities Act and tny examination was carried out in accuTdance with the gencral Directions given by the Charity Commission for NortheTn Ireland under section 65(9} of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration ot.any unusual items or disclosures in the accounts, and seeking explanations froni you as ChilY Directors concerning any such malters. My rolc is to state whcthcr any material matters have come to my attention giving me cause to believe= l. That accounting records were nol kept as required by section 63 of the Charities Act 2. That the accounts do not accord with those accounting records That the accounts do not comply with th¢ accounting requircments of the Charities Act 4. That there is further information ne¢dcd for a proper undcrstanding of the arcounts to be reached. Independent examincr's statement I have completed my examination and have no concerns in rcsp¢¢t of the matters { l } to (4) listed abov¢ and. in conn¢clion with following the Directions of the Charity Commission for North¢m Ireland, I have found no matters that require drawing to your attention. Name- John Lilly Relevant profeoqional qualification or body: Retired Bank Manager Address: i l Greystown Park, Belfast, BT9 6UP Dat¢: 2 1612022 Mr. Jo Pag¢15
Seryant Trust- A Company Limited by Guarantee Statement of financial activities incorporating income and expenditure aceount Statement of financial activities 2020-2021 i110812021 2021-2022 3110812022 Incomin Tithe SOS Mission Alms Resources 82,968 3,344 5,100 4.818 2,498 28 Misc. Encome Event Income Gift Aid Total Incoming Resources 6i,554 171,109 90502 Resources Ex ended Charilable Aclivity Charis F.xpenditure Lharis Overheads University Christian Outreach Mission Derry Missional Communily Alms British Council (irant l-otal Resources Expended 59,559 89,585 10.598 39,115 1,514 986 7,000 890 5.995 12,803 158,986 81,789 INet Ineoming Resources for the Year: Adjustment Funds Balance Brought Forward 8,71i 12,123 1.142 22,165 Funds- UCO Projects {Brit Council/Erasrnus) J7,07) Funds- UCO 2.074 6,050 Fund Balances Carried Forward OlJ13 72,528 Page16
Servant Trust- A Company Limited by Guarantee Statement of Balan¢¢ Sheet N¢t Assets Fixed Assets Aug-21 Aug-22 Current Assets Extemal Debtors 295 Short Tem Deposits 15 Cash at bank - UCO Projects (British CouncillErasmus) 37,07J Cash at bank - UCO B¢lfast 2.075 Cash at Bank and in Hand 21,855 Total Current Assets 6.050 i5.430 72,528 less Creditors and Income in Advance Net Assets 61,313 72.528 Fund Balances Aug-21 Aug-22 General Fund 18,165 2,075 il,4iO 6,050 UCO Fund Brilish Council - Kairos Grant Eo'f DMC Grant ToÉal Funds 4,000 4,000 72.528 Th¢ financial statements werc approved by the directors on on their behaifby- 13 June 2022 and signed DesTnond Dick Mr. D. Dick, Trustee Pa8e17
Servant Trust- A Company Limited by Guarantee Notes to the fjnancial statements- Accounting Policies For the year ended J l August 2022 Basis of preparation of financial statements The financial statements have bccn prepared in accordance with Accounting and Reportin¥ by ChIll¢s- Statement of Recommended Practicc applicable to charities preparing their accounts in accordance with lh¢ Financial Reporting Standard applicablL in the UK and Republic of Ireland (FRS 102) (effective l January 2015)- (Charities SORP (FRS 102)), the Financial Reportirftg Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Servant J rust meets the definition of a public beT]efil entity under FRS 102. Asscts and liabilities are initially rccognised at historical cosl or triU]saction value unless othen¥is¢ stated in ihe relevant accounting policy. Reconciliation with previous Generally Accepted Accounting Practice In preparing these accounts, the Directors have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was requircd. Having considered the key accounting policies it was detem]tned that the prior year figures wer¢ not materially impacted. As such, no r¢statem¢nt of comparativ¢ figures was required. Company status The company is a company l irnited by guarantee. The members of the company are the Directors named on page l and the Company Secretary. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 O per member of the company. Fund accounting General funds are unrestricted funds which are available for uge at the discretion of the Directors in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in 2ccordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Income All income is recognised once the company has received the income. Income tax rccoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at th¢ time of when the amount is reeeived from I IMRC,. Income tax recoverable in relation to investment income is recoL7nised at the time the investment income is received. Other income is recognigcd in the period in which it is receivable and to the exlent the &¥oods have been provided or on completion ot thc service. F.xpenditure Expenditure is recognised once transfer of economic benefit has been made lo a third party. Expcnditure is classified by activity. The costs of each activiiy arc made up of the total of direct costs and shared costs, including support cosls involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than onc dLtivity and .support costs whiLh are not altributable to a single activity arc apportioned between those activities on a basis consistent with the usc of reqources. Governance costs are those incurred in conne¢tion with administration of the company and compliance with conslitutional and statutory requirements. Charitable activities and Governance costs are cost5 incurred on thc company's educational operations. including 5UPPOrt costs and costs relating to the governance of the company apportioned to charitable activities. Page18