MISSIONARY CONTAINER SERVICE TRUST (Company Limited by Guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY NO. 105857 COMPANY REGISTRATION NO. N1062697 MISSIONARY CONTAINER SERVICE TRUST CONTENTS Page Trustees, report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Page 2 MISSIONARY CONTAINER SERVICE TRUST TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustecs present their report and the unaudited financial statements for the year ended 31 December 2023. Administrative details Coiiipany number.. Charities number: R¢gistered Office: N1062697 NIC 105857 64 Parkfield Road Ahoghill Co.Antrim BT42 ILY Bank: Danske l BroadNTray, Ballymena, B T43 6EA Solicitors: McFarland, Graham, Mccomb 41 Bachelors Walk, Lisburn, BT28 IXN Charity TrusteesWirectors The trustees, who are also the directors for the puryoses of Company law and who served during the year and up to the date of this Teport, ale as follows.. W J Biggerstaff R Carson S K Craig J S Hamilton J Harkness P J StevensorA T J Wallace G G Wilson Independent Examiner W R Cryinble 3 Governors Gate tAne, Hillsborough, B T26 6FX Structure, Governance and Management Missionary Container Service Trust is a company limited by guarantee and is governed by a Memorandum and Articles of Association. It was incorporated in Northern Ireland in 2007. Objectives and Activities The charity carries out a numbcr of activities in furtherance of its objects. We collect donations of practical items eg clothes, toilctrics, food, powdered milk, medical equipIiient, tools, building supplies, bedding_. school desks, chairs, sewino machines, bicycles, toys and books etc froln donors in Northern Ireland and arrange the shipping of the do- nations in 40ft COLltainers from the charity's Th'archoiise to Dar-es-salaam in Tan7.ania. The donations are taken in the container by road to a distribution point in Zaiiibia. All goods are shipped for use by the Inissionaries for the public beiiefit and wellbeing of the African people. The goods and Lnaterials are distributed free of charge to the beneficiaries - the Afriuan people who are kn need. The charity carries out its missionary and outreach work to ad- vance the Christian faith by supporting the practical needs of the beneficiaries in Africa (Inainly Zambia) with whom certain missionaries are working. The missi(Inarieb are connected to our Church Grouping (Gospel Halls throughout the UK and furiher afield), and have the full confidence of the churLh elders and the trustees of MCST. The donations supplied by the charity is directly applied by th¢ missionaries to the beneficiaries for the relief of povety, advancement of education: and relicf of sick and disabled persons and the proinotion of their physical and Page 3 MISSIONARY CONTAINER SERVICE TRUST TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 spiritual welfare. All iteins are in an inventory provided to the re¥ipient inises of the charity to advance the Chris- tian faith, relief of poverty, advanceiiient of education and relief of sick aIid disabled persons with the promotion of their physical and spiritual welfare. Public benefit st2tement Purpose l - AdTranceiiient of the Christian Faith I"he direct benefits which flow froin this purpose are the eiihancement of spiritual teaching to meet the spiritual needs of the pcople through the practical support of the charity for miss3onary and outreach work by the supply of goods and inaterials to missionari¢b (religious per%c)ns) for communicating of the Christian faith to change the lives of tlie beneficiaries to help them find a new p￿.poSe and joy in life and live happier and more productive lives. This is el idenced by the nuiiiber of beneficiari¢s who have l¢anicd of the Christian falth through the materials supplied (and Inedical a%sistankne given) by the Charity and used by the Missionarics in Africa. The betieficiaries of this pur- pose ar¢ people living oveise.asl in developing countries in particular in £ainbia, Africa particiilarly those in the bush" and reinote areas. Purpose 2- The Relief of Poverty The direbt benefits wliich flow froin this purpose is that the beneficiaries in Africa have their basic needs met through prakntlC<11 a%sistance from the charity by its donations of food, clothing, equipment and goods to the bciiefi- ciaries with which to enable thein to have a better life. This is evidenced by the number of people helped by the do- nations from the charity who are living in poverty. The beneficiaries of this PUfPOsC are the people living overseas/ in developing countries in particular in Zambia, Africa particularly those in the "bush" and remote areas. Purpose 3 - Advanceinent of Education The dire¥t benefits which flow froin this purpose incliide the provision by the charity of desks, chairs, books, and other educatioiial iiiatei'ials and equipin¢nt which enables the education ot" children, young people and adults pr¢par- ing them to find eiiiploymcnt, a trade or to start a business to support theiiiselves and their families in the future which in turn lead to better health and a reduction in poverty. This is evidenced by the number of children/Joung peopleladults attending school and utilisÈng the educatioiial equipment and materials provided by the charity. The beiieficiaries al-e those people living overseas/ in developing countries in particular in Zambia, Africa particularly those in the "bush" and T¢Inot¢ areas. Purpose 4 - The Relief of Sick & Disabled Persons on tlie Promotion of their Physical and Spiritual Welfare The direct benefits which flow from this purpose include the provisioii of medical assistaiice through the equipmenL appliai)ces, apparatus and supplies provided by the charity for the relief treatment and rehabilitation of poor, sick and dies. Page 4 MISSIONARY CONTAINER SERVICE TRUST TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and performance A total of four containers were shipped in this year (2022.4). Financial review Total income for the year was £77,351 compared to £64,43 7 in the previous year. Shipping costs were £50,433, cost of goods purchased was £20,431, athntnistrative expenses £6,579 giving a total ¢xp¢nditure of £77,443 (2022:£78,783). This resulted in a deficit for the year of £92 (2022: deficit £14,346). Total funds were £59,944 (2022: £60,036) Responsibilities in respect of the financial Statements. The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practi¢¢. The Trustees are required to prepare financial stateiiients for each financial year which give a true and fair view of the state of affairs of the congrcgations and the financial activities for the year. In preparing the financial statenients the Trustees are required to: select suitable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Funds will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial position of the congregations and enable thcm to ensurc that the financial statcments comply with the Statement of Recommended Practice 'Accounting and Rcporting by charities (l January 2015),. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Special Provisions relating to Small Companies The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regimc. By order of the board S K Craig Trustee Date Page 5 MISSIONARY CONTAINER SERVICE TRUST INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF MISSIONARY CONTAINER SERVICE TRUST I report on the accounts for the year ended 31 December 2023 which are set out on pages 5 to 8. Respective responsibilities of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. examine the accounts under s¢ction 65 of the Charities Act 2. follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of independents examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my cxamination was carried out in accordance with the general Directions given by the Charity Coinmission for Northcm Ireland under section 65(9)(b) of the Charities Act. My examination included a review of thc accounting records kcpt 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 conccrning any such matters. My role is to state whether any material rnatters have come to my attention giving me cause for concern: l. that the accounting records were not kept in accordance with section 63 of the Charities Act 2. that the accounts do not accord with those accounting records 3. that the ac¥ounts do not coiiiply with the accounting requireiiieiits of the Charities Act 4. that thcrc is further infonnation needed for a proper underitanding of the accounts to be reached. Independents examiner's statement I have completed my exainination and have no concerns in respect of the matters ( l ) to (4) listed above and, in connection with following thc Directions of the Charities Commission for Northern Ireland, I have found no matters that require drawing to your attention. W R Crymble Chartered Management Accountants 3 Governors Gate Lane Hillsborough BT26 6FX Page 6 MISSIONARY CONTAINER SERVICE TRUST STATEMENT OF FINANCIAL ACTIVITIES (including summary income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Funds Unrestricted Funds Notes 2023 2022 INCOME 77JS1 64,437 Direct costs 70,864 72,527 GROSS CONTRIBUTION 6,487 ( 8,090) Administrative expenses 6,579 6,256 NET INCOMING RESOURCES I RESOURCES EXPENDED FOR THE YEAR 92 14,346 Total funds brought forward 60,036 74,382 TOTAL FUNDS CARRIED FORWARD 59,944 60,036 Page 7 MISSIONARY CONTAINER SERVICE TRUST BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 FIXED ASSETS Tangible assets CURRENT ASSETS Cash at bank and on hand 59,944 59,944 60,036 60,036 CURRENT LIABILITIES NET CURRENT ASSETS 59,944 60,036 TOTAL ASSETS LESS CURRENT LIABILITIES 59,944 60,036 CREDITORS: amounts falling due after more than one year NET ASSETS LESS LIABtLITIES 59,944 60,036 FUIYDS Unrestricted funds 59,944 60,036 TOTAL FUNDS 59,944 60,036 In prcparing these financial statenients: (a) For the year ended 31 December 2023 the company was entitled to exemption under Article 257A{2) of the Companies (Northem Ireland) Order 1986. (b) Members have not required the company to obtain an audit in accordance with Article 257B{2) of the Companies (Northem Ireland) Order 1986. (c) The trustees acknowledge their responsibilities for: (i) ensuring that the company keeps accounting records which comply with Article 229. and (ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit and loss for the financial year, in accordance with the requireIneIits of ArtKcle 234, and which othenvise coniply with the requiremeiits of the Companies Order relating to accounts, so far as applicable to the company. (d) The accounts have been prepared in accordance with the special provisions in Part VIII of the companies (Northern Ireland) Order 1986 relating to small companies. The financial stateinents were approved by the trustees on IS and signed on their behalf by: S K Craig Trustee Page 8 MISSIONARY CONTAINER SERVICE TRUST NOTES (forming part of thefinancial stalements) I. PRINCIPLE ACCOUNTING POLICIES The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year. Basis of Preparation The financial stateinents have been prepared in accordance with the Accounting and Reporting by Charities: Stateiiient of Recoinmelided Practice FRS102 (Charities SORP FRS102). The accounts are prepar¢d on an Accruals Basis. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Rcstrictcd funds are subjected to restrictions on their expenditure imposed by the donor or through the tenns of appeal. Incoming Resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount Can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Donated services and facilities are included at the value to the charity where this Can be quantifIed. The value of serviccs provided by volunteers has not bcen included. Income from investments is included in the year in which it is receivable. Resources Expended Expenditure is rei-ognised on an actual basis. Expendithre includes any VAT which cannot be recovered, and is reported as part of the expenditure to which it relates. Charitable expenditure comprises those Costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support thein. Page 9 MISSIONARY CONTAINER SERVICE TRUST NOTES (continued) (formingpart of thefinancial statements) 2. INCOME 2023 2022 Income received for shipping costs Inconie received for goods purchased Bank interest received 52J96 24,811 144 77J51 51,457 12,805 175 64.437 3. DIR￿CT EXPEIYDITURE 2023 2022 Shipping costs Matcrials purchased 50,433 20,431 70,864 53,862 18.665 72.527 4. ADMINISTRATIVE EXPENSES 2023 2022 Rent Insurance Bank charges Electricity Sundry expenses 5,400 820 51 282 26 6,579 5,400 790 41 25 6,256 5. TRUSTEE REIVIUNERATION None of the trustees recelved any remuneration in the year (2022 £Nil). 6. COMPANY LIMITED BY GUARANTEE Missionary Container Service Trust is a company limited by guarantee and accordingly does not have a share capital. Every member of the trust undertakes to contribute such amount as may be required (not exceeding £1 ) to the assets of the charitable company in the event of its being would up while he or she is a member.