PRS Patton Rainey Stenson Limited CHAFITERED ACCOUNTAN?s & REGISTERED AUDITOFiS REGISTERED CHAIUTY NUMBER= 105664 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR EIWED 31 DECEMBER 2024 FOR GREAT OAKS CHURCH NI Patton Rainey Stenson Litnited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fermanagh BT74 7BT CHARTERED ACCOUNTANTS IRELAND Registered lo carry out audit work and regulated lor a range ol investment business activities in the United Kingdom by the Ins151ule ol Ghartered Accountants in Ireland Chartered Tax Advisers
GREAT OAKS CHURCH NI CONTENfs OF THE FIANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2024 P*ge Report of the Trustees Illdependent Ex2miDer's Report Statem¢nt of Mn#neial ActivltEes Balance Sheet Notes to tbe Fillanclydl Ststements 6 to 10
GREAT OAKS CHURCH NI REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2024 The trustees present their report with the financial stat¢rnents of the charity for the yw ended 31 December 2024. The tees have adopted the provisions of Accounting and Reporting by ChltieS. Statement of Recommended Practice applicable to charities prepIllg their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK aud Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The objectives of the Church are the advancement of the clStian religio in particular to the North West of frelan(L for the benefit of the public. ACHIEVEMENTS AND PERFORMANCE The Cbarity hol(L8 Christian meetings in church buildings and homes. We preach and teach the Bible. We encourage and guide people to become Cbristians and live by the Bible. We prdis¢ and worship God tog¢th¢r. W¢ share communion arourAd the Lord's table. We pray for one another and the needs of others. We visit the sick and elderly and pray for God to heal. bless and comfort them. We explain and demonstrate the love that God has for people by creating a family atmospllere in our tsetings. We train 8nd prornote people with gifts in speaking, singing and music. We provide fellowship by showing hospitality and sharing meals together. We help and support those with various needs. We support the local food baDk by giving food on a regular basis. We train and equip those who believe they are called to the ministy. We support those who choose to go to Bible College for filrther trdining. We plant new churches for people in other geogrdphical areas with people who are sufficiently trdined to lead the meetings and ontinue to support them. We invite speakers from other church wups. We are in &8sociation with a larger churcb in Ireland and draw from their experiences, wisdom and strength. We gather fidS from tithing, gifts and by other methods to enable us to do all the things we do. FINANCLIL REVIEW The total incom¢ for tbe year ended 31 December 2024 amounted to £48,834 (2023: £39,711) of which £42,586 (2023: £36,143) Telated to tithes. offerings and gifts. Gift aid r¢fund8 received amourlted to £5,930 in th¢ year ended 31 December 2024 (2023: £7,015). The total ¢xpenditure for th¢ y¢ar ended 31 Dec¢mber 2024 atnounted to £44,868 (2023: £41,042). At the end of th¢ y¢ar the Charity had a balance in the Bank Account amounting to £3,575 compared to £2262 at 31 Decemb¢r 2023. The Charity also had loans amounting to £5,916 at the year end mpared to £13,068 at 31 December 2023. STRUCTUR& GOVERNANCE AND MAIYAGEMENT Governing document The charity is controll¢d by its gov¢rning documenl a constitution and is therefore an uDincorporated tharity. It was regISta with the Ciwity Commission for Northern treland on 31 August 2016 and was fornierly krnown as Hillhead Christian Fellowship. The Manag¢ment of th¢ Charity is the responsibility of the Cbarity Tntees. All of the TnteeS have served since their appointmen( during the financial year ended 31 December 2024 and up to the date of approval of the financial statements. Rodney Beggs was appointed a Trustee on 29 January 2024. Risk management The trustees have a duty to identify and review the risk8 to which the clwity is exposed and to ensure appTOPEiate contro15 are in place to provide r¢asonabl¢ assurdUC¢ against fraud and ¢TTOr. Page I
GREAT OAKS CHURCH NI REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2024 REFERENCE AND ADMIMSTRATIVE DETAILS Registered Cbarlty number 105664 Prlncipal address 82 Rainey Street Magherafelt Co. Londonde BT45 SAH Trustees Mr L Mcswiggan MrDWatt Mr B White Mr R Beggs (appointed 29.1.24) Independent Examlner Thomas Samuel Patton FCA Patton Rainey SteDsgn Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fermanagh BT74 7BT GOING COI¥4CERN The activities of the Churth are dependent upon ongoing contributions from its members. The tte¢S are of the opinion that the Church continues to have adequate resources and will have sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing of this report and subject to the tinUillg support from members to fund on an ollgoing basis the Church's cutrent activities and other financial commitments. The Trustees are also confident that the loans in place at 31 Deeernber 2024 will be repaid. Approved by order of the board of trustees on 28 October 2025 aud signed on its behalf by: L MCS ggan - Trubtee Page 2
PRS Patton Rainey I Stenson Limited CHARTERED ACCOUNTAN?s & riEGISTERED AUDITOFIS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GREAT OAKS CHURCH NI I report on the accounts of the charity for the year ended 31 December 2024, which are set out on pages four to ten. Respective responsibilities of charity trustees and examiner As the charity's bvstees you are responsible for the preparation of the accounts in accordance wÈth the requiIements of the Charities A¢t (Northern treland) 2008. It is my responsiblity to: examine the accounts under Section 65 of the Charities Act follow the procedures laid doN*n in tbe general Directions given by the Charity Commission foi Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matters have come to my attentio Basis of the independent examiner's report I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) 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 of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with Section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Chatities Act That there is further inforn]ation needed for a proper understandillg of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above an4 in connection with following the Directions of the Charity Cotnmission for Northern Irelall I have found no matters that require drawing to your attention. Thomas Samuel Patton FCA Patton Rainey StensoD_ Limited Chartered Accountants 6 East Jjridge Street Enniskillen Co. Fernianagh BT74 7B T 28 October 2025 CHARTERED ACCOUNTANTS IRELAND Registered to earry out audit work and regulaied for a range of investment busines5 activities in the United Kingdom by the In51itule ol Chartered Aecounlanis in Ireland Chartered Tax Advisers
GREAT OAKS CHURCH NI STATEMENT OF FllYANCIAL ACTtVlTIES for the Year Ended 31 DECEMBER 2024 31.12.24 Unrestricted fund 31.12.23 Total fimds Notes INCOME AND ENDoWMEfS FROM Donations and legacies 48,517 43,158 tnvestment income 317 30 Total 48034 EXPEIYDITURE ON Charitable activities Cjjaritsble activitic5 41.042 NET llYCOME 3,965 2.146 RECONCILL4TIOIY OF FUNDS Total fi]nds brougbt forward (5,006) (7,152) TOTAL FUNDS CARRIED FORWARD 5.006 The notes form part of these fmancial ststements Page 4
GREAT OAKS CHURCH NI BALAIYCE SHEET 31 DECEMBER 2024 31.12.24 Unrestricted fund 31.12.23 Total fimds Notes cuRREr ASSETS Debtorn Cash at bank 5,800 2.262 3,575 8,062 CREDJTORS Amounts falling due within one year (4,616) (13.068) NET CURRENT ASSETSl(LIABILIS) TOTAL ASSETS LESS CURRENf LIABILls (1.041) (5.006) NET AssETSI(LBS) Unrestricted funds 5.00 TOTAL Fi]NDS The fillancial ststements were approved by the Board of TTUSt¢¢s and authorised for issue on 28 October 2025 and were signed on its behalf by: MrLMcS The not¢s forni part of these financial statements Page 5
GREAT OAKS CHURCH NI NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2024 ACCOi]NTING POLICIES Basis of prep4ring the financial statements The finallcial statem¢nts of the ckwity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by ChaTities: Statement of Rewmmended knctice applicable to clwities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effedivc l January 2019),, Financial Reporting Standard 102 The Finaocial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Cbarities Act (Northern Ireland) 2008. The financial statements have been prepared under the historical cost convention. Income All income is recognised io tlle Statement of Financial Activities once the charity has entitlement to the funds. it is probable that the income will be received and the amount Can b¢ m¢asur¢d r¢liably. Expenditure Liabilities are recogtiised as expenditure as soon as there is a legal or wnstructive obligation committing the cbatity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation call be Measured relRably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they hav¢ been allocated to activities on a basis CODSiSt¢nt with the us¢ of resources. Taxation The cRlty is exempt from tax oo its charitable athivities. Fund accounting Unrestricted fimd8 can be used in accordance Ivith th¢ ¢haTitsble objectives at the discretion of the tnlstees. Restsicted funds can only b¢ used for particular restriGtrd pUSe$ within the ObJts of the clwity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. INVESTMENT INCOM 31.12.24 31.12.23 Deposit account interest Loan Int¢r¢st Received 59 258 30 317 30 Page 6 conttnued...
GREAT OAKS CHURCH NI NOTES TO THE FINANCIAL STATEMEY4TS - continued for tbe Year Ended 31 DECEMBER 2024 TRUSTEES, REMUNERATION AND BENEFITS During the cutTcnt year one of the Tn]st¢cs IAwrence Mcswiggan was in receipt of remuneration in relation to his role as a pastor of the Cburch . The total of such TemunatiOn during the yeaT was £18,515 (2023:£16,839). Another Truste4 Barry White. r¢ceived gifts of £1,250 for his visits to minister at the Church (2023: £1.025) Trnstees, expenses During the year one of the TTUStees Lawrence Mcswiggan also rec¢iv¢d reimbursed expenses relating to repairs to the Church , travel, ministy and other expenses amounting to £2.526 (2023: £2,301). Another Ttee, Rodney Beggs received reimbursed expenses TelatiThg to equipmenl and expenses for nkusic ministy amounting to £2,211 (2023.. NIL). All of these expenses related to the ChllTch and no Tnte¢ received reimbursement of expenses in their role as ttustee. There were no oth¢T related paty transactions. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcrtVlTIES Unrestricted fund ll¥COME AND ENDOWMENTS FROM Donations aod legacies 43.158 tnvestment income 30 Total EXPEIYDrruRE ON Charitable activiiles Charitable adivities IYET llYCOME 2,146 RECONCtLIATION OF FUNDS Total fimds brought forwatd (7.152) TOTAL FtINDS CARRIED FORWARD DEBTORS: AMOUNTS FALLING DUE wfTHIN ONE YEAR 31.12.24 31.12.23 5.800 In the year ended 31 December 2023, the Church received a loan from a third paty. At their request, this short terni loan was advallced to one of the Trnstees Lawrence M¢Swiggan. During the year ended 31 December 2024 this loan was fully repaid. Page 7 continued...
GREAT OAKS CHURCH NI IYOTES TO THE FINAJYCIAL STATEMENTS- continued far the Year EDded 31 DECEMBER 2024 CIiEDITORS: AMOUNTS FALLING DUE THIN OIYE YEAR 31.12.24 31.12.23 Bank loans alld overdtafts (see Dote 7) Other loans (se¢ note 7) 4,616 5.780 13.068 LOANS An analysis of the matijrity of loans is given below: 31.12.24 31.12.23 Amounts falling due within one year on denwid: Bank loans Other loans 4,616 5,780 13.068 MOVEMENT ll¥ FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds G¢nerai fund (5,006) 3,965 (1,041) TOTAL FUNDS Net movement in fullds, included ill the abGve are as follows: Incoming Te50urces Re$ourr¢s expended Movement in FAmds Unrestrleted funds G¢n¢ral fijnd 48,834 (44,869) 3,965 TOTAL FUNDS Page 8 ontinued...
GREAT OAKS CHURCH NI NOTES TO THE FINANCIAL STATEMENTS - continued for the Yeydr Ended 31 DECEMBER 2024 MOVEMENT IN FUNDS . continued Comparatives for movement in funds Net movement irA funds At 31.12.23 At 1.1.23 Unrestrlcted funds General fund (7,152) 2.146 (5,006) TOTAL FUNDS 7,152 2.146 5,006 Comparative net movement in fjnds, included in the above are as follows: Incoroing resources Resources expended Movement in fjjnds Unrestrieted funds General fund 43,188 (41.042) 2.146 TOTAL FUNDS A current year 12 months and prior year 12 month5 ¢ombined position is as follows: Net movement in fun(ts At 31.12.24 At 1.1.23 Unrestricted lld$ Gcnerdl fund (7,152) 6,111 (1.041) TOTAL FUNDS 7,152 6.111 1.041 A current year 12 montbs and prior yeaT 12 months combined net mov¢ni¢nt in funds, included in th¢ above a as follows: Resourc¢s Movement in fimds resources Unrestrteted funds General fimd 92,022 (85,911) 6,111 TOTAL FUNDS 92,022 85,911 6.111 Page 9 Continu..
GREAT OAKS CHURCH NI NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued for tbe Year Ended 31 DECEMBER 2024 RELATED PARTY DISCLOSURES There were no related party traDsactions for the yw ended 31 December 2024. Page 10