ids. Company Registration No. 105909 (Northern Ireland} chartered accountants NORTH WEST FELLOWSHIP CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2024 IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1 BG NORTH WEST FELLOWSHIP CHURCH ids. chartered accountants CONTENTS Page Legal and administrative information Trustee5' report Independent examiner's report Statement of financial activities Balance sheet Notes lo the financial statements NORTH WEST FELLOWSHIP CHURCH ids. chartèred accountants LEGAL AND ADMINISTRATIVE INFORMATION Truste8S Mr D Watt Mr L Mcswiggan Mr D Kennedy Charity number 105909 Independent examlner IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 18G Bankers Danske Bank Donegall Square West BELFAST BT16JS NORTH WEST FELLOWSHIP CHURCH ids. chartered accountants TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2024 The trustees present their annual report and financial statements for the year ended 5 April 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act (Northern Ireland) 2013 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" (as amended for accounting periods commencing from l January 20161 Objectives and activities The-purpose of the organisation is to work for the well being of beneficiaries who go on to become better citizens, leading useful and purposeful lives. PubliG benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance Signifioant activities and achievements against objectives The Charity holds Christian meetings each week where the Bible is laught. We encourage and guide people to become better Christian citizens and live by the 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 provide fellowship 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 lo heal and comfort them. We endeavour to demonstrate the love that God has for people by creating a warm family atmosphere in our meetings. We gather funds through tithing and gifts to enab5e us lo do all the things we do. Flnancial review Structure, governance and management The truslees who served during the year and up to the date of signature af the financial statements were.. Mr D Watt Mr L Mcswiggan Mr D Kennedy Going Concern The trustees have reviewed the finances for the year ahead and are satisfied that there are adequate funds in place to ensure that they can continue activities for the foreseeable future. The tru5tees' report was approved by the Board of Trustees. MrDWatt Trustee 13 December 2024 NORTH WEST FELLOWSHIP CHURCH ids. chartered accountants INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH WEST FELLOWSHIP CHURCH We report to the trustees on our examination of the financial statements of North West Fellowship Church (the charilyl for the year ended 5 April 2024. Responslbllities and basis of report As the charity's trustees you are responsible for the preparation of Ihe accounts in accordance with the Charities Act (Northern Ireland) 2008. It 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 6519llbl of the Charities Act., and state whether particular matters have come to my attention. Independent examiner's statement We have examined your charity accounts as required under section 65 of the Charities Act and our examinalion was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. Our 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. Our role is to state whether any material matters have come to my attention giving me cause to believe: 1. That accounting records were not kepl in accordance with section 63 ofthe Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. We have completed our examination. we confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 63 of the Charities Act-, or the financial statements do not accord with those records- or the financial statements do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. We have no concerns and have come across no other matters in connection with the examination to wlNch attention should be drawn in this report in order to enable a proper understanding of the financi81 statements to be reached. IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1BG Dated.. 13 December 2024 NORTH WEST FELLOWSHIP CHURCH ids. chartered accountants STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Un restricted funds 2024 Unrestricted funds 2023 Notes Income from: Donations and legacies Investments 37,048 679 36,083 144 Total income 37,727 36,227 Expendlture on: Raising funds Charitable activities 31,381 39,471 Total expenditure 31,381 39,472 Net incomellexpenditUTe) and movement in funds 6,346 13,2451 Reconciliation of funds: Fund balances at 6 April 2023 46,634 49,879 Fund balances at 5 April 2024 52.980 46.634 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 AT 5 APRIL 2024 2024 2023 Notes Current assets Cash at bank and in hand 52,980 46,634 Net Current assets 52,980 46.634 Net assets 52,980 46,634 The funds of the charity Unrestricted funds 52,980 46,634 52,980 46,634 The financial statements were approved by the trustees on 13 December 2024 D Walt Trustee NORTH WEST FELLOWSHIP CHURCH ids. chartered accountants NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Accounting policies Charity information North West Fellowship Church is a registered charity. 1.1 Accounting conventlon The f inancial slalements have been prepared in accordance with the charity's consiliution, the Charities Act (Northern Ireland) 2013 and Accounting and Reporting by Charities., Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (as amended for accounting periods cornmencing from 1 January 20161. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounls in these financial slalemenls are rounded to the nearest £. The financial statements have been prepared under the historical cosl Convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going Goncern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 1.4 Income All incoming resources are included in the SOFA where the charity is legally entitled to the income and the amount Can be quantified with reasonable accuracy. 1.5 Expenditure Expenditure is recognised once there is a legal or constructlve obligation lo transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dir￿ costs and shared costs, including support costs involved in undertaking each activity. Direct Gosts attributable to a single activity are allocated directly lo that aclivily. Shared costs which contribute to more than on8 activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and deprecialion charges 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 at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafls. 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 2024 Ac¢ountlng pollcies IContlnued} Basic flnancial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaclion costs and are subsequently carried at amortised cost using Ihe effective interest method unless the arrangement constilules a financing transaction. where the transaction is measured al the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. Crltlcal accounting estimates and ludgements In the application of the charity's accounting policies, the Iruslees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these ests'mates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revislon affects mly that period, or in the period of the revision and fvture periods where the revision affects both current and future periods. Income from donatlons and legacles Un restricted funds 2024 Unrestricted funds 2023 Donations and gifts 37,048 36,083 Income from Investments Unrestricted Unrestrlcted funds funds 2024 2023 Interest receivable 679 144 NORTH WEST FELLOWSHIP CHURCH ids. chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Expendlture on raising funds U nrestricted Unrestricted funds funds 2024 2023 Property and equipment Rent Light & heal Insurance Repairs & maintenance 21,000 3,382 910 1,077 21,000 4,225 860 5,663 26,389 31,748 Governance Support costs 3,887 5,573 Donations 1,125 2,150 Total costs 31,381 39,471 Trustees None of the trustees received any remuneration or benefits from the charity during the year. Employees The average monthly number of employees during the year was= 2024 Number 2023 Number Total Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. NORTH WEST FELLOWSHIP CHURCH ids. chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 6 April 2023 Incoming resources Resour¢os expended At 5 April 2024 General funds 46,634 37,727 (31,381) 52,980 Previous year: At 6 April 2022 Incoming resources Resources expended At S April 2023 General funds 49,879 36,227 (39,472) 46,634 10 Related party transactions There were no disclosable related party transactions during the year12023 - none}.