ids. Company Registration No. 105909 (Northern Ireland) chartered accountants NORTH WEST FELLOWSHIP CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1BG NORTH WEST FELLOWSHIP CHURCH ids. chartered accountants CONTENTS Page Legal and adminislralive information Trustees, report Independent examiner'5 ',eport Statement of financial activities Balance sheet Notes to the financial statements NORTH WEST FELLOWSHIP CHURCH ids. chartered accountants LEGAL AND ADMINISTRATIVE INFORMATION Trustee5 Mr D Watt Mr L mcsw.ggan Mr D Kennedy Charity number 105909 Independent examiner IDS Chartered AccoLJntants LLP 23125 Queen Street COLERAINE o Londonderry BT52 1 BG Bankers Danske Bank Donegall Square West BELFAST BTI 6JS NORTH WEST FELLOWSHIP CHURCH ids. chartered accountants TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2023 Tre Iruslees present their annual report and financial statements for the year ended 5 April 2023. The financial statements have been prepared in accordayce i•iith the accounting policies sel out in note 1 to the financial statements and comply with the charity's consti-.ution, the Charities Act (Northern Ireland) 2013 ayd counting and Reporting by Chaiilies Statement of Recommenaed Practice applicable lo charities preparing Iheir ac:ounls in accordance with the Financial Reporting Standard appli-able in the UK and Republic of Ireland IFRS 1021" las arnended for accounting periods commencing .rom 1 janua.ry 2016} Objectives and activities The purpose of the organisalion is lo work for the well being of beneficiaries who go on to become belter citizens, le￿ding useful and purposeful ives The IrLislees have paid due regard lo guidance issued by the Charity Commission in deciding what aotivilies the charity should undertake. Achievements and performance The Charity holds Christian meetings each week bvhere the Bible is taught. We encourage and guide people lo become better Christian citizens and live bil t￿,e standards of the Bible. We share Communion together. We pray for one another and the needs of Families. Community and the Nation. We encourage people who are gifted in speaking, singing and music to be involved as part of a team_ We piovide fellowsh p by showing hospitality and sharing meals together. We help and support those within the Church and the Community with various needs. We visit the sick and elderly and pray for God +0 leal and corp.fort them. We endeavour to demonstrate the love that God has for peopl- by creating a warm famili atmosphere (n our meetings. We gather funds through lilhing and gift5 to enable us to do all the things we do. Financial review Structure, governance and managetnent The trustees who served during the year ?nd up to the date of signature of the financial statements were.. Mr D Walt Mr L Mcswiggan Mr D Kennedy Going Concern The Iruslees have reviewed the finances for the year ahead and are satisfied that there are adequate funds in place lo ensure that they can continue activities for the foreseeable future_ The trLJslees' report was approved by the Board of Trustees. M,. D Wall Trustee 15 November 2023 NORTH WEST FELLOIWSHIP CHURCH ids. charteretl accountants INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH WEST FELLOWSHIP CHURCH report to the Iruslees on our examinaLion of the financial slatemer.ts of North Wesl Fellowship Church (the charity) for the year ended 5 April 2023. Responsibilities and basis of report As the charity s Irus:eos you are responsib',e for the preparation of I￿.e a-counls in accordance with the Charities Act (Northern Ire13nd) 20D8. 11 is our responsibility to.. examine the accounts under section 65 of the Charities Act., follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65{9)Ib) o-. the Char,'ties Act-, and slate whether particular matters have come to my attention. Independent examiner's Statement Vve have examined your charity accOU￿tS as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519}Ibl of the Charities Act. Our examination in"luded a review of Ihe acccuiting records kept by the charity and a comparison of the accounts presenied with those records. It also inclL'ded conside',ation of anji unusual items or disclosures in the accounts, 3r,d seeking explap,alions from you as chaiily ',', ustees cop.cerning any sLch matters. Our role is to state wheLher any material matters have come lo my allenlion giving me cause lo believe.. 1. That accounting records were r)ot kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord iiilh those accounting records 3. That the accounts do not comply with the accounting requirerllents of the Charities Act 4. That there Is further information needKxd for a proper understanding of thJ accounts to be reached We have completed our examination. bve confirm that no matters have come lo our attention in connection with the examinal:'on giving us cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 63 of tne Charities Act., or the financial slatemerils do not accord with those records", or the financial slatenienls do not comply with the applicable reauiremenls concerning the form and conlen: ol accounts set out in the Char"r(ies (Accounts and Reports) Regulalians 2008 other than any requirement that the accounts give a true and fair vieiij which is no: a matter considered as part of an independent examination. We ,lave no concerns and have come across no other ￿jallerS in conyi ection with the examination to which allenlion should be drawn in this report in order to enable a proper understanding of the financial statements lo be reached. IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1 BG Dated.. 15 November 2023 IORTH WEST FELLOWSHIP CHURCH ids. chartered accountants STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOIVIE AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2023 U n restricted U nrestricted funds funds 2023 2022 Notes Jonations & gifts Offerings nvestmenl income 7,343 28,739 144 6,354 28,977 Total income 36,226 35,336 Resources expended 39,471 33,671 Total expenditure 39,471 33,671 Net lexpend iturellincome for the yearl Net movetnent in funds 13,2451 1,665 -und balances at 6 April 2022 49,879 48,214 Fund balances at 5 April 2023 46,634 49,879 The statement of financial activities includes all gains and losses recognised in the year. All Income and expenditure derive from continuing activities. NORTH WEST FELLOWSHIP CHURCH ids. chartered accountants BALANCE SHEET AS AT5APRIL 2023 2023 2022 Notes Current assets Cash al bank and ir. hana 46,634 49,879 Net CLJrrent assets 46,634 49,879 Income funds Unreslricled fLJnds 46,634 49,879 46,634 49,879 The financial statements were approved by the Trustees on 15 November 2023 Mr D Watt Trustee NORTH WEST FELLOWSHIP CHURCH ids. chartered accountonts NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Accou nting policies Charity information North Wesl Fellowship Church is a registered cha."','ly_ 1.1 Accounting convention The financial slatemen15 have been prepared in accordance with the chariiy's consitiulion, the Charities Act INorthern Irela.Idl 2013 and 'Accourling and Reporting by Charities". Statement of Recommended Practice applicaDle to charities preparing t.leir accounts in accordanne with the Financial Reporting Standard appli-able in the UK and Republic of I,"eland IFRS 1021" (as ameyded for accounting periods commencinc Irom 1 January 20151. The charity is a Public Benefit Er.tily as defined by FRS 102. The charity has taken advantage of the provisions in Ik.e SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterking. which is the functional currency of the charity. Monetary amounts in these financial statements are rounaeo to the nearest £. The financia,. statements have been prepared under the historical cost convention. The principal accounting Jolicies adopted are sel out below. 1.2 Goiiig concern At the lime of approving tie financial statemen,Is, the trustees have a reasonable expectation that the charity has adequate resources lo continue in o-er21ional existence for the foreseeable future. Thus the Iruslees continLJe lo adopt the going concern basis of accounting in preparing the financial slatemenls. 1.3 Charitable funds Unreslricled funds are available for use a: the discretion of the trustees in fu'rt,herance of their charitable objectives. 1.4 Income Ai Incoming iesoLirces are included in the SOFA where l.ye charity is legally entitled lo the income and the amount can be quantified viith reasoriable accuracy. 1.5 Expenditure Expenditure is recognised once there 15 a leoal or constructive obligation lo transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in seltlernent. and the amount of the obligation can be measured reliably_ Expenditure is classified by aclivily. The costs of each activity are mdde up of the total of dirE£l costs and slared costs, including support COSts involved in undertaking each activity Direct costs altribulable lo a single activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis COi?SlStenl with the use af resources. Central staff costs are allocated on the basis of lime spent, and depreciation ch.arges are allocated on the portion of the asset's use. All expenditure is accounted for on a payments basis and has been classified under headings that aggregate all costs related to the category. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand deposits held al call with banks, other short-term liquid investments with origina. malurilies of Ihree months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. NORTH WEST FELLOWSHIP CHURCH ids. chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Accou nting policies (Continued) Basic financial assets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs ana are subsequently carried at amortised cost using the effective n".eresl method unless tne arrangement ccnslitules a financing transa-tion, wnere the transaction is easured al the present value of the future receipts discounied al a marke: ra:.e of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic finarTrcial Iiabililies, including creditors and bank loans are initially recognised at transaction price unless the arrangement constilules a financing transaction. where tiye debt instrument Is rr.easured at the present Value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of Jperalions from SLJpplieis. AmoLJnls payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al Ira,Isaclion price and subsequently measured at amortised cost using the effective interest method Critical accounting estimates and judgements In the applica:,on of the charity s accounting policies. the trustees are required to Tyake judgements, estimates and assLimplions about the canrying amouni of assets and Iiabililies that are not readily apparent from other sources. The estimates and associated assump ions are based on k,istorical expeiience and other factors that are considered to be relevant. Actual results May differ from these estimates. The estimates and unde.'lying assumptions are reviewed on an ongoing basis. Revisions to accoLinling estimates are recognised in the period In wh,,ch the estimate 15 revised where the revision affects only that period, or in the period of the revision and future perio-s where the revision affects both current and future periods. Donations & gifts Un restricted Unrestrlcted funds funds 2023 2022 Donations and gifr.s 7,343 6,354 Offerings Unrestricted Unrestricted funds funds 2023 2022 Non-charilable trading activities 28,739 28,977 NORTH WEST FELLOWSHIP CHURCH ids. chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Investment income U nrestricted Unrestricted funds funds 2023 2022 Interest receivable 144 Resources expended Unrestricted Un restricted funds funds 2023 2022 ment Ren; Light & he3t Insurance Repairs & maintenance 21,000 4.225 860 5,663 21,000 2.352 799 4,766 Property and equipment 31,748 28,917 verna Depreciation and impairment Support costs 5,573 3,854 Governance 7,123 3,854 Donalioos. 600 900 39,471 33,671 Trustees None of the Iruslees received any remuneration or benefits from the charity during the year. Employees The average rnonlhly number of employees during the year was.. 2023 Number 2022 Number Total There were no employees whose annual remuneration was more than £60.000. NORTH WEST FELLOWSHIP CHURCH ids. chartered accountonts NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2023 Taxation The charity is exempl from tax ori income and gains falling within section 505 of Ihe Taxes Act 1988 or section 252 of the Taxalionof Chargeable Gaigs Act 1992 to the extent that tfriese are applied lo ils c￿,a[1[able objects. 10 Related party transactions There were no disclosable related party Iransaclions during the year12022 - none)