DONEGAL ROAD CHURCH OF THE NAZARENE BELFAST FINANCIAL REPORT Year Ended 31 December 2023 Registered Charity No: NIC106575 DONEGAL ROAD CHURCH OF THE NAZARENE BELFAST Year Ended 31 December 2023 Contents Page Trustees, Annual Report Independent Examinerfs Report Statement of Receipts and Payments Statement of Assets and Liabilities DONEGAL ROAD CHURCH OF THE NAZARENE BELFAST Trustees, Annual Report For the year ended 31 December 2023 The trustees present its report and annual statement of accounts for the year ended 31 De￿mber 2023. Reference and Administrative Infomialion Charit Name Done al Road Church of the Nazarene Belfast Charli Re islration Number 106575 Registered Office 1 R05eland Pla Belfast BT12 5JR Trustees Reverend Philip Bell Lortaine Bell Ma aret Ro ers Board Members Reverend Philip Bell Lorraine Bell Margaret Rogers Joan Breadon Margaret Wlson George Watt L nda Watt Independent Examiner James B Kennedy & Co Ltd Unit A1, Boucher Business Sludios Glenmachan Place Belfast BT12 6QH Bankers Danske Bank Donegall Square West Belfast BT16JS DONEGAL ROAD CHURCH OF THE NAZARENE BELFAST Trustees, Annual Report For the year ended 31 December 2023 Structure, governance and mana9ement Governing document Donegal Road Church of the Nazarene Belfast is constiluted as a Charitable Trust which was registered with the Charilies Commission for Northem Ireland on 21 August 2017 under charity number 106575. It is governed by Constitution as set out in the Church of the Nazarene Manual. a copy of which was lodged with The Charity Commission for Northern Ireland. A copy is available on the charity website al nazarene.orglmanual. Organisational structure The organisational structure is as described in the Church of the Nazarene Manual. The Charity Trustees are appointed by election al a members. meeting as and when needed and are registered with Ihe church's solicilors. Objectives and activities Objectives and aclivilies as sel forth in the Church of the Nazarene Manual. Public benefit The trustees have had regard to the general guidan￿ published by the Charity Commission on public benefit. Achievements and performance Religious activities It has been a very sad year with the passing of Iwo of our esteemed members. Irene Cowan in March and Sally Murphy in June. It has also a blessed year for the church having a company of people who were willing to work and promote the church. There have been many highlights including Easter Services, Districl Assembly. General Assembly, Celebration of the Kings Coronation. Trafalgar Day. and Refflembrance Day serVI￿S for Royal Naval Associalion, and Royal Black Preceptory service. Financial Review Our special thanks go lo George and Lynda Walt for their hard work ir) regard to the upgrading of our car park and new rear gate access. Thanks. are also due to Lynda for laking on the role of Treasurer. The generous of our members giving must be commended with over £5,000 donated to missions worldwide. We look forward to the upcoming District Assembly and the celebration of Easter. Continuing Education is ongoing wth the Story of God. Paslors Fratemal and Conferences. Lorraine and I will be celebrating 30 years of ministry within the Church of the Nazarene this August. It is hard to think that when we came here all those years ago with jusl tsvo people, Etta Chisrn and Lilly While that we would still be here now. I want to say a big thank you to all those who have helped and supported us over the past years. Pray that God will bless the WO￿ here and we will see His Kingdom come and all the praise and glory will go lo Him. DONEGAL ROAD CHURCH OF THE NAZARENE BELFAST Trustees, Annual Report For the year ended 31 December 2023 statement of Trustees responsibilities The trustees are responsible for maintaining proper accounling records and an appropriate system of internal control for the charity and for preparing the account and statement in accordan￿ with the Charities Act (Northern Ireland) 2008 and the Charilies (Accounts and Reports) Regulations (Northem Ireland) 2015. In accordance with the Charities Act (Northem Ireland) 2008 section 64. where the charity's 9ross income in any financial year does not exceed £250.000, the charity's trustees may elect to prepare a receipts and payments account and a statement of asse15 and liabilities as its annual statement of accounts. We have elected to prepare such a slalement of accounts. The Iruslees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and irregularities. For and behalf of the Irustees 6u/ Reverend Philip Bell Trustee DONEGAL ROAD CHURCH OF THE NAZARENE BELFAST Independent Examiner's Report to the Trustees of Donegal Road Church of the Nazarene Belfast I report lo the charity trustees on my examination of the accounts of the Trust for the year ended 31 December 2023, which are set out on pages 7-8. Respective responsibilities of charity tmstees and examiner A5 the charity's Irustees you are responsible for the preparation of the accounts in accordance with the Charities Acl. It is my responsibilty to.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Direction5 given by the Charity Commission for Northern Ireland under section 65{91{bl of the Charities Act. and state whether particular matters have come lo my attenlion Basis of independent examinerfs report I have examined your charlty accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general D1￿ctionS given by the Charity Commission for Northern Ireland under section 65191{b) of the Charities Act. My examination included a ieview of the accounting records kept by the charity and a comparison of the accounts presented wilh those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity truslees conceming any such matters. My role is lo state whelher any material matters have come to my attention giving me cause to believe.. Thal accounting records were not kept in accordance wilh section 63 of the Charities Act That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Acl 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examinerfs statement I have completed my examination and have no concems in respect of the matters (1) 10 (4) listed above and, in connection with following the Diredions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. James B K nedy FCA Inslitule Ch rtered Accountants Ireland James Kenne & Co. Ltd. UnitA1. cher siness Studios Glenmachan Belfast BT12 6QH Donegal Road Church of the Nazarene Belfast Statement of Receipts and Payments - Year Ended 31 December 2023 Unreslricled Funds Restricled FUr￿S Endowment FurKIs Total 2023 Total 2022 Reeei Voluntary Receipts Donations & Gift AKJ Sundry income 40.451 600 40.4SI 600 36,132 41,051 41,051 36,132 Pa ments Cost of Charitable Activities Govemance Costs 22. 15.957 22.068 15,957 19,962 9,584 Replacement of fixed assets 12.757 12,757 Total Payments 50.782 50,782 29,546 Net receiptsl (payments) 9.7311 19.7311 6,586 Transfer tollfroml funds Surplusl {deficitl for the year 19.731} 19,7311 6,586 Reconciliation 31.12.23 Cash at bank & in hand 31.12.22 Surpluslldeficill this year end Cash al bank & in hand 31.12.23 49.556 {9,731 39.825 49.556 19,731 39,825 42,97GI 6,586 49,556 Donegal Road Church oflhe Nazarene Belfast Statement of assets and liabilities - Year Ended 31 December 2023 Funds Reconciliation Unreslricled Funds Restricted Fur￿$ Endowment Funds Total 2023 Total 2022 Cash at bank & in hand 31.12.22 Surpluslldeliciti this year er 49,556 19,731) 49,556 19,7311 42,970 6.586 Cash al bank & in hand 31.12.23 39.825 39,825 49,556 Bank & Cash Balances Bank Deposit Accounts Bank Current Account 39,825 49,556 Cash in Hand 39.825 49,556 other Assets Buildings Fixtures & Fittings 750,000 20,000 750,000 20,000 770.000 770,000 Liabilities Approved by the Iru5tees on 26th Febnjary 2024 and signed on their behalf by-. RevP Chair L Wall Treasurei