Village Church Belfast Stateiuent of Fiwdn¢iaL Activxtias for the Year Elld¢d 30 Julle 2024 Unclllding In¢ome and Expellditllre Acwullt and Statement of Total RÈcogDised Cains and Loss¢s) UnT¢8tri¢ted kntrkted 2024 Note Ineome and Endowments froAL' Donatiolls w]d leg&ci¢5 (khertsading activiti Total irywm¢ 207,464 530 IU68 226332 530 Exp¢nditure on: Charitabl¢ atyiviti( (211,69 4.735 TotaI exp¢nditur¢ (211,696 (216,431 Net (¢xpenditvr¢yinc4)me Trnnsfexs betwtrn fitndG {3,71r2) 14,133 193 193540 ￿￿40} 189,838 (179,407) 10,431 N¢t movem¢Jrt in 10.431 ￿￿One￿i￿tIon of fullds Totsl fi￿dS bmtsght forwanl Totsl funds CWTR¢d forward 122.662 179,407 302.069 16 312500 Total 2023 tFnrestrieted 11¢5tTirt¢d fullds Incme and Endowments frtsm. Dojixtiony legacses Oth¢r traditig activiti¢s 258,634 885 121,211 379,845 885 Totsl in¢ome 259519 121211 Exp¢ndAtnr¢ on: Ch8ritdble actiVAties (258,047 40,589 298,63 Tot41 exwiditi￿e {258,04 40.589 298ts36 Net 1,472 80.622 82,094 1,472 80.622 82,Iy)4 Reeollc1112tlon offund Totsl funds brought forward 121,190 98,785 219,975 179,407 301069 All of th¢ ¢h#rAty$ adAvities dffive from continuing op#&ions during th¢ Above two pe*iods. The fimds breokaomryj for 2023 is shown in llote 16. The notss on pages I I to J8 fontt anintsgral part ofthese fillwial st&tellJents. Page 9 Village Church Belfast (Registration number N1631949) Bolanee Sheet as at 30 June 2024 2024 Fixed TangkJl¢ assets 12 219,794 17,941 Current Assets Debtors C&sh at bank and in hand 13 14 52338 42,821 95,159 287.9S7 287.957 3,829) Credltors: Amollnts fajlillg due 75ithtn •Me year 15 2,453 Nei curnt as%¢ts 92,706 312,500 284,128 302.069 asseÉs Funds of the ¢harity: Restrictd intom¢ funds 179.407 UnrestrAded itt¢ome fund5 Utirestri¢ted fim& 312 00 122,662 302,069 Total tullds 312 For the fmanEial ye¥r ending 30 June 2024 the charity was entitled to ￿emptIOn from audit wider 477 of the Companies Aot 2006 relatiug to small companies. DireGtois' rew)wibilities: The m¢mbers kav¢ not required the obarity to obtain au auait of its aeoounts for the year ill qu¢stion in amdauce with section 476" and Th¢ directots arknowledF kn T¢spollsJTrilili¢s for complyiug vlith tbe Tequrnents of the Act with t¢sp¢ct to a¢countillg r¢cords andthe PT¢paration of &c£oullts. These fman¢ial statements have b¢en prepa￿d in a¢¢ordallce with the special provislons rnlating to compw)i¢y sthjeot to the stnall companie8 reginje within Part 15 ofthe Companies Act 2006. Th¢ finw¢ial straterrtents on page4 9 to 18 w¢r¢ 8pprnved by the trvstees, and auth￿l$t4 for Issue on 21 Mar¢k 2025 and sigo¢d on th¢ir behalf by: Trustee Thr note5 on pag¢5 11 to 18 forn atr Inte￿?1 part ofkn¢ f￿￿rial 5t*m¢nts. Pag¢ i Y￿e Church Belfast N¢Jtes to the Financial Statemellts for the Year Ended 30 Julle 2024 I Charity 8t4tus The ch￿lty 13 limited by gu&raut¢¢, incorpothd in Northern Ir£18n4 aud cons¢qu¢nliy docs rLOt hay¢ shre ital. Eath of th¢ busteu i8]iable to contributs all kmoullt not ¢xce¢(bng £1 tDwdrds the a85¢ts of the ¢har£ty in the ovent of liqllidatio The address of its regist¢r¢d office is: 25 Uppey Newtownards Ro B¢ifkst BT4 31 TlJes¢ fjn4lloial statem¢nts w¢r¢ aytthojised for issue by the lrnst¢es on 21 Mar¢h 2025. or ' nifieAnt acwwiting poliaes and key athiunting esthnat The principal acsts attrll)utabk to th¢ (awity'8 w11at￿ with constit¢rtioJMI and statutory requir￿ includitig audiL $lx8te8i¢ mW3ve￿ 8nd meetings and reimbwsed ¥ses. Txxatio The clwity is ¢onsidered to p&ss tbe tssts set out in Parawh I SCI￿aUle 6 of lkn FinaD¢¢ Act 2010 and thtttforn it nwts the definition of 8 charitable ¢ompAny for UK co4x)ration t&Y purposes. A¢oordiugly, th¢ charity is potentially w from taxatioti iti respect of iJKom¢ or ¢apital gatns received wlthiu Gategories ry)Y¢r¢d by Chapter 3 Part 11 of the CO￿oratI1)ll Tax Act 2010 or S¢ction 256 of the TaxatioL of Charg¢able Gains Act 1992, to th¢ ¢Xt￿tt that such iDoom¢ or gains art applied exclusively to obaritable purposes. Tangtble fixpAI a5s¢ts Individual fi￿a &8s¢ts oostillg £1.00 ormor¢ aye ittitiatfy record6d at eosL D¢preeiation ond amortisatioa Depr¢¢ithon is provid￿ on tall￿TrIC fixed 183ets so as to wrik off th¢ ¢ost or valuation, l¢ss any est>matsd T¢siduaI vaIu4 over their ewtsd us0￿1 ¢¢onomic lifr as follows: Assèt t1288 Flxtures & Fittings DepYeel#thitt Meth1￿ aud rate ReduGiJ]g Baisnce Trade debtsrs Trnde debtorg att an￿￿￿*5 due f(om custDm¢ts for m*¢hftndise sold or p¢rfonned iu the ordillary oU￿t of business. Trdde debtors are recosnised initialty at the lrnn5action pri￿. Th¢y ar¢ subsequently measurv41 at aJJortis¢d cost using the ¢ffectiv¢ iT1t¢￿St less pro%w for impaiLTrent. A provision for the Impain￿ of trth debtors is established wh¢n thete is objective ￿ld¢ll¢¢ thotthe charity wlll not be able ts ￿llect all amounts due a￿dIngtO th¢ origitixl tsIiDS ofthe y￿K1V*bIes. Cash ond e#sh equhFaltnts Cash aud cash equival¢nts ¢oxllpris¢ cash on band alld call d#posits, and other sbort-t¢rJn highty liquid inva8Éments that Tegdily ¢onv¢rtible to & knos¥n Omovnt of cash alld ¥ubject to an ill8i8Dificant risk of . ¢hange ia valu¢. Pag¢ 12 Vlllage Chllrch Belfast Notss to the Financial Ststements for the Year Ellded 30 Jun¢ 2024 Trade ¢reditois Trade rrwjktors ar¢ objtykn to pay ts Eoods or Servi￿ tbat hav¢ b¢¢ll a¢quir¢d in the ordiw co￿s¢ of busilless suppliers. A￿O￿nts payable are classified 4$ ¢llrrent Iiabiliti¢s if the dwity does not have att unconditional righl at thtt end of thc reportin£ perio(L to defer sdtl¢m¢nt of the creditor f4Jr ut least twelve months u£ter the T¢POrtiug dats. If th0r¢ is•n unwnditlonal rigkn to defer sc￿e1￿¢￿t for at least tw¢lve months afÉEr th¢ reporting daty they Ore presented as noTrcurreDt Jiabilili¢ Trnd¢ ¢rcditOTS ar8 ￿0￿18¢0 inthally at the lrnnsadion pri¢¢ aua subsequentty meaSU￿d at amortised cost using the effe¢tive iLter¢stmethod. FrJTwgn ex¢hange Ttan$attiolls in foreAgn cmcies ayc rco)rdcd the Thts o£exthauge at the dats of the transa￿ll. Monetsry assets and Iivlbilities denomill￿ in foreign owreneies ot the balanc¢ sh¢et dai¢ ar¢ T¢￿rted a¢ the rat¢$ of exchange prevailing atthat date. The results of OV¢Ts¢as op¢rations (Trn$l8ted at tbc av¥Tdg¢ Tatss of exdMllg¢ fkning the period and their batance sheets at the r4tr8 ruling at th¢ bal•nce &he¢t dats. Exchonge differences srising on translation of th¢ openiug n¢t ass¢ts 8Thd r¢slllts of ov¢rne&s operati021s are T¢POrt¢d in other (omprekAensAV¢ iticoTh¢ and mulated in equÈty (attribut¢d to non-¢ontrolling int¢rests as appropriate}. Other excha￿6 aiffeTen¢¢s aT¢ iA th¢ Statemott of Adivittes iti the pttiod iyj whi¢h th ise exc¢pt for: l) ex¢hange dIff￿￿n¢￿ ox tratwctiotix ¢Lt¢rtd into lo Iiedge ctttain for¢igo allT