Carrickfergus Gateway Trust Trustees. Annual report and Statement of Receipts and Payments and A$5ets and Liabilities For the year ended 31 March 2024 Charities Number: NIC106121 Carrickfergus Gateway Trust Annual report and financial statements for the year ended 31 March 2024 Contents Pages References and administrative details of the Charity Trusteeg report Independent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities Notesto the fsnancial statements Carrickfergus Gateway Trust Year ended 31 Maich 2024 References and administrative details Charity Name: Carrickfergus Gateway Trust (also known as H3rbour Faith Com munityl Charity Registration Number: NIC106121 Contact Address". 83 Governors Place Carrickfergus BT38 7BN Trustees Mr John Glass Mr Bill Lockhart {3ppointed 19 July 20231 Ms Lucy Ford (appointed 19 July 2023) Mr Ivor Mitchell (appointed 19 July 20231 Miss Elaine Shanks Mr William Sproule (resigned 19 July 2023) Principal Office-bearers Minister.. Chair of Trustees: Administr3tor: Steve Ames Ivor Mitchell Michael Mccènn Independent Examiner CG Taggart Accountsncy Services Chartered Accountants and Registered Auditor 17 Cypress Crescent Donaghadee Co Down BT21 OQG Bankers Ulster Bank Carrickfergus Branch 37 High Street Carrickfergus Co, Antrim BT38 7AN Carrickfergus Gateway Trust Trustee5' Annual Report for the year ended 31 March 2024 The trustees present the annual report and ststements of Receipts and Payments and Assets and Liabilities for Carrickfergus Gateway Trust for the year ended 31 March 2024. Objectives andArtivities The charitf s purposes I'the purposes,) are to express and promote the precepts of the Christian faith through engagement with the general public and in particular with the disadvantaged, the sick, the elderly and the young by- nurturing the spiritual development of members by holding meetings for corporate worship. providing information regarding spiritual beliefs and the activities of the organisation to members 3nd the general public. providing pastoral care to members to nurture their spiritual development, undertaking religious ceremonies such as baptisms. weddin8s and funerals and undertaking other activities consistent with the above. Achievements, Performonce & Public Benefrt Carrickfergus Gateway Trust, through Harbour Faith Community, utilises its Church Building to provide weekly services of public worship, open to all. which contribute to spiritual well-being of participants and the reinforcement of Christian values. Th rough the minister. and those who assist him. the church provides pastoral care to any who request it a nd undertakes religious ceremonies such as weddings and funerals. In cooperation with the other churches in the town of Carrickfergus there are a number of joint events each year for the whole community and for all 38es. Its buildings are used by other community and church organisations to benefit the people of Carrickfergus. These activities implement our charitable purposes and provide public benefit. Flnoncial Revlew The trust Is in a secure financial position at 31 March 2024 with an in year surplus and reasonable reserves to meet unforeseen liabilities. Our goal is to maintain reserves of at least 3 months expenditure which we have at the year end. At 31 March 2024 unrestricted cash funds amounted to a surplus of £10399131 March 2023- £139931 and Restricted cash funds amounted to surplus of £14S131 March 2023 - a surplus of £1451. Going Concern Our income and costs should be able to be maintained at or below current levels. Additional funds for capital costs will be 3ble to be raised separately. In the light of this the trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Trust can continue its activities for a period of at least 12 months from the date of approv35 and the financial statements forthe year ended 31 March 2024 can be signed off as a going concern. Structure, Governance and Management Governing Dorument and Constitution OA the Charity The trust operates under a Trust Deed dated 21 March 2016 which superseded previous documents. Recruitnjent und Appointment of Trustees Trustees are appointed by invitation 3nd agreement of the existing Trustees based upon the skills and experience that they can contribute to board. There are a minimum of 3 Trustee5. Meetings of the trustees are held at least twice a year. CarrickferEUS Gateway Trust Trustees, Annual Report for the year ended 31 March 2024 (continued) Pay and remuneration The minister works on a part-time basis and his salary is based upon a 213rds working week. Organisationtslstrurture Thetrustees, while responsible for the overall managementof the church. delegatethe dayto day managementtothe minister and the administrator. Compliance with Public Benefit TheTrust has given careful consideration tothecharity Commission for Northem Ireland'sguidance on public benefitto ensure that the activities entered into during the year have helped to achieve the church's purpose and objectives. as well as providing public benefit. Statement of Trustees, Responsibilities The trustees are responsible for preparingthe Trustees, Report and the statement of receipts and payments and statement of assets and liabilities in accordance with applicable law and regulations. The law applicable to charities in Northem Ireland with Income of less than £250,000 requires the trustees to prepare a statement of receipts and payments and a statement of assets and liabilities for each financial year. The trustees are responslble for keeping accounting records that are sufficient to show and explain the Trust's transactions and disclose with reasonable accuracy at any time the assets and liabilities of the Trust. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on Behalf of the Trustees j PtiTCi4tXL L ptrP-£• Trustee I Trustee 2 Date ....... Carrickfergus Gateway Trust Receipts and Payments Account for the year ended 31 March 2024 Restricted Funds 2024 Funds 2024 Totsl 2024 Total I 2023 Recei Committed Giving Occasional Giving Tax RÈliÈf on Gift-Aided donations Rent Councll Grant Bank Interest 23470 3541 5164 4800 :, 17 17 Totsl Recei 37185 Pa ments Premises costs Regular Meeting costs Promotlonal costs I." Office expenses Donation5 to charitable causes Insurance Volunteer costs I Independent Examiner Salaries tlenslon contribution5 Pastoes mobile phone Financial consultanvi Sundries Bank Fees 9047 1017 585 1200 1200 891 891 25429 764 25429 1 392 556 250 279 670 159 279 Total Pa Excess/lShortfalll of Receipts over Payments for the year Opening Cash 8alance Closing C3sh Balance ments (35941 135941 3637 13993 14 10544 14138 On Behalf of the Trustees Trustee I I vo£ kl IT&i*ELL Trustee 2 LL*LeY FQ Date Carrickfergus Gateway Trust Statement of Assets and Liabilities as at 31 March 2024 Note Unrestrirted Funds 2024 Restricted Funds 2024 Endowment Funds 2024 Total 2024 Total 2023 Cash Funds Bank Accounts Total Cash Funds 10399 10544 10544 14138 14138 10399 145 Freehold Land and Buildings Church Building and Off ices West Street Shop and Offices Total Tangible Fixed Assets l(b) l{bl soooo 50000 iooooo 50000 50000 50000 50000 iooooo iooooo Debtors Creditors 254 961 254 666 1388 145 1106 Total Funds 109692 109692 113416 Restricted funds There were no restricted funds at 31 March 2024131 March 2023- £nil). On Behalf of the Trustees Trustee I l K/o-r- kt4TL It¥bL Trustee 2 Date Carrickfergus Gateway Trust Notes to the financial statements for the year ended 31 March 2024 Accounting poltcies Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts a nd Payment5 Account and the Statement of Assets and Liabilities (a) Receipts and Payments Account All items of income and expenditure intluded within the Receipts and Payments Account have been accounted for on a cash receipts basis. {bl Statement of Assets and Llabilitie5 Assets retaiTnedfor the Trusvs own use The assets of the Trust, retained for its own use cornprise:. Church Building and Offices at Governors, Place. Carrlckfergus, and Shop and Offices on West Street. Carrickfergus. These are included in the accounts at a reasonable estimate of current market Value. Tax Relief on Gift-Aided donations £254 of tax recoverable on unrestricted Gift-aided donations in the year to 31 March 2024 and earlier years has been claimed after the year end (Yearto 31 March 2023- £3821. Transactions with the Trustees No trustee received any remuneration or relmbursement of expenses dLtring the year. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.