Charlty number: NIC107104 Company number: N1645742 Shalom Life IA comp•ny Ilmlted by iu•r•nt••, not h•¥lni sh•r¢ upltal) Dlre¢tors' Annual Report and Unaudited Financlal Statements for the year ended 31 March 2024 ADUE405M 1610112025 COMPANIES HOUSE
Shalom Llfe (A ¢ompJry Ilmlted by 8uarantee. not h4vlni share catlI CONTENTS Page Reference and Administrative information Directors. Annual Report Statement of Olrectors, Responsibilities Independent Examiners, report Statement of financlal artlvltles Balance Sheet io Notes to the financial statements 11-13
Shalom Life IA company Ilmlted by Guarantee, not havlnjj share capltal) REFERENCE AND ADMINISTRATIVE INFORMATION Directors Alain Emer50n Francis Hughes (Resigned 20 September 20241 Michelle Hughes {Resigned 20 September 20241 Thomas Mark Emerson (appointed 20 September 20241 Claire Emerson {appointed 20 September 2024} Deborah Car50n {appointed 20 September 2024) Charlty number in Northern Ireland NIC 107104 Company re8lstratlon number N1645742 Business Address Unit 2 Johnston Allen House Victoria Street Lurgan Co Armagh BT67 90G Reglstered Offl¢e Unit 2 Johnston Allen House Victoria Street Lur8an Co Armagh BT67 9DG Accountant Grace Gault 114 Ardmore Road Derryadd Lurgan BT66 6QP Bankers First Trust 4-8 Market Street Lurgan Co Armagh BT66 6AQ Solicltor Maccorkell Le8al & Commercial Garvey Studios 8-10 Longstone Street Lisburn BT28 ITP
Shalom Life {A company Ilrnlted by 8uaraniee, not havlni share upltal) DIRECTORS, ANNUAL REPORT The direttors present their report prepared in accordance with Charities SORP {effectiveJanuary 20151 with the unaudited financial statements for the year ended 31 March 2024. also prepared in accordance with the aforementioned Ststement of Recommended Prartice and FRSIO2. The directors, who are also trustees of the charity, at the date of this report and those who served during the financial period together with the dates of any changes. are set out on page l and are listed below. Dlrertors The dirertors who seryed during the period are as follows: Alain Emerson Francis Hughes (Resigned 20 September 20241 Michelle Hughes {Resigned 20 September 20241 Thomas Mark Emerson lappolnted 20 September 20241 Claire Emer50n lappolnted 20 September 20241 Deborah Carson {appointed 20 September 20241 In accordance with the Articles of Association the director5 retire by rotation and, being eligible, offer themselves for re-election. Obje¢llves and Actlvltles The main purposes of the organlsatlon are as follows: l. Advancement of Religion with the promotion of Christlan values. 2. Advancement of Education - The moral and intellectual development and enhancement in knowledge and understanding of individual beneficiaries and an improved sense of wellbeing and increased s•lf.esteem of Indlvldijal beneficiarles as they develop new skills, capabilltles and knowledge. 3. Advancement of Community Development by encouragin8 individLtals to be good citizens. 4. The Prevention or Rellef of Poverty 5. Advancement of Health or the Saving of Lives We are commltted to the servlce of the local populatlon and provide varlous seiceS and events to all ages in the community such as., l. A weekly service of worship each Sunday is open to the general public. 2. We provide the venue for the local Bulgarian Church Saturday seniice. 3. This includes regular Bible teaching for adults, and separate age-appropriate programmes for children and young people. 4. Regular meeting of small groups of people for fellowship and prayer. 5. Monday Drop In open to the general public for friendship. pastoral care and 5UPPOrt. craft and other activities 6. Ongoing support for those struggling with addiction 7. Sign posting to Advice and Counselling Services 8. Programmes for children and young people which include games activities, arts & crafts activities, friendship opportunities and spiritual development. 9. A weekly mother and toddlers group
Shalom Life IA tompany limited by Kuarantee, Mt having share capltall DIREcfoRS' ANNUAL REPORT (Continued) 10. Saturday bread collection and distribution. 11. Distribution of Food Bank parcels. clothing or household furniture 12. We organise minor household repairs and maintenance and also help with transport issues for those In need. 13. We encourage people who attend to be involved in helping others In the community through volunteering at various organisations, 14. we organise social events for the local community including Fun Days and outings We believe that the gospel of Jesus Christ. is a power that can change lives and bring a new sense of purpose and hope to bellevers irrespectlve of a8e, 8ender, background or culture. Hnanclal Revlew The statement of financial activities which shows the results ofthe company Is set out on page 9. The reported deficit for the year is £4,22912023: £6,683) The dirertors continually review all funding opportunities to maxlmi5e the incomSng resources for the charity. Reserves Pollcv The company's policy is to achieve a level of free resee5 which matches the needs of the company both at the current time and the foreseeable future. Free reserves are those unrestricted reserves which are available for general use. Structurei governance and management Governing document Shalom Llfe is a company limited by 8uarantee. It Is governed by Memorandum and Artlcles of Assoclation and the liability of each member is limited to an amount not exceeding £1. It 15 reco8nlsed as a charity by the Charity Commission of Northern Ireland under the reference NIC107104. Publlc Beneflt In setting our objectlves and plannlng our activities for the year, the dlrectors have glven careful consideration to the Charity Commission for Northern Ireland's statutory guldance on public benefit to ensure that the activities have helped achieve the charity purpose and provide a benefit to the beneficiaries. Speclal Provisions relatln8 to small companles This report 15 prepared in accordance with the special provisions relating to small companies within part 15 of the Companies Art 2006. y order of the Board Alain Emerson Director Date: 22 December 2024
Shalom Llfe IA company Ilm5ted by guarantee. not havin8 share caphal) STATEMENTS OF DIREcfoRS' RESPONSIBILITIES For the year ended 31 March 2024 The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have eletted to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under company law the directors must not approve the financlal statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the net income or expenditure of the charity for that period. In preparing these financial statements, the directors are required to: select suitable accountln8 pollcles and then apply them conslstently make judgements and estimate5 that are reasonable and prudent,. 5tatewhetherthe Charities SORP (effective January 2015} in accordancewith FR5102 has been followed; prepare the flnancial statements on the 8oln8 concern basis unless It Is inapproprlate to presume that the charity wlll continue In operation. The directors are responsible for keeping proper accountin8 records which disclose with reasonable accuracy at any time the financial position of the charity and which enables them to ensure the financial statements comply with the Companie5 Act 2006, and all Regulations to be construed as one with that Act. They are also responsible for s3feguardin8 the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irre8ularities. y order of the Board A Emerson Director Date: 22 December 2024
Shalom Llfe (A tomparw limited by Iuaraniee, not having share capltall INDEPENDENT EXAMINERS, REPORT I report on the accounts for the year ended 31 March 2024 set out on pages 9 to 14. Respective responsibllities of the trustees and examiner The Charit(s trustees (who are also the directors for the purposes of company lawl are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. The dlrectors conslder that an audlt Is not requlred for this year under section 65121 of the Charities Act INI} 2008 and that an independent examination is required. The charity is preparing accrual accounts and l am qualified to undertake the examination by being a qualrfied member of The Institute of Chartered Accountants in Ireland. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination it is my responsibility to.. examine the accounts under section 65 of the Charities Act to follow the procedures laid down in the General Directions given by the Charity Commi55ion for Northern Ireland under section 6519)Ibl of the Charltles Act and to state whether particular matters have come to my attention. Basls of the Independent examlnerfs report My examination was carried out in accordance wlth the 8eneral dlrection$ 8Sven by the Charitv Commission for Northern Ireland under section 65 19)(bl of the Charities Art. The examlnation 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 seekin8 explanations from you as trustees concernin8 any such matters, The procedures undertaken do not provide all the evidence that would be required by an audlt, and consequently no opinion is given as to whether the accounts present a 'true and fair vlew. and the report is limited to those matters set out in the statements below. My role Is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 386 of the Companies Art 2006 2. That the accounts do not accord with these accounting records 3. That the a¢counts do not comply with the accountln8 requlrements of sertion 396 of the Companies Art 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. 4. That there is further information needed for a proper understanding of the accounts to be reached.
Shalom Llfe IA company IlmStèd by 8uarantee. not havlnl sharé capstal) INDEPENDENT EXAMINERS, REPORT Independent examlnerfs statement I have completed by examination and have no concerns in respect of the matter111 to14} listed above and. in connertion with following the Direttions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. acACQ G(A)lÈ Grace Gault Chartered Accountant 114 Ardmore Road Lur8an BT66 6QP 22 December 2024
Shalom Llfe IA company Ilmlted by guarantee, not ha¥lne share capii•l) STATEMENT OF FINANCIAL AcfiviTIES (Incorporating an Income and Expenditure Account) for the year ended 31 March 2024 Notes Unrestrlcted funds 2024 Re$trlrted funds 2024 Total Total 2024 2023 INCOMING RESOURCES Generated funds: Voluntary Income Grants Received Gifts & Donatlons A¢tivitles for generatlng funds Fundraising Activities 2,800 720 3,520 14.115 Net Incomlng Resourc•s avallable for charltable appIltIon 2.800 720 3.520 14,115 RESOURCES EXPENDED lnote 3) Charitable activities Support C05t5 16,8931 12061 17201 17,613) 1206) 116,890) 13,908) Total Resources Expended on Char5table Activities 17.0991 (7201 17,819) {20,798) SURPLUSIIDEFiaTI FOR THE YEAR {4,2991 14,229) 16,6831 RECONCILIATION OF FUNDS Balances brought forward at l AprS12023 Balances carried forward ot 31 Marth 2024 17,547 2,759 20,306 26,989 13.248 2.759 16.007 20,306 The note5 on pages 11 to 13 form part of these flnanclal statements
Shalom Life IA (•mpany Ilmlted by guarantee, Mt hovln8 share capltall BALANCE SHEET A5 at 31 March 2024 2024 2023 Notes CURRENT ASSETS Debtors Cash at bank and in hand 16.007 20.306 16,007 20,306 CREDITORS." Amounts falllng due within one year NET CURRENT ASSErs 16.007 20,306 TOTAL ASSEfs LESS CURRENT LIABILITIES 16,007 20,306 TOTAL ASSETS 16,007 20,306 FUNDS Unrestricted funds Restricted funds 16,007 20,306 TOTAL FUNDS 16,007 20.306 For the year ending 31 March 2024 the charitable company was entitled to exemptlon from audit under section 477 of the Companles Act 2006 relating to small companies. The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 21x16. The dlrectors acknowledge their responsibilities for complying with the requirements of the Companles Art 2016 with respert to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Att 2006. These financial statements were approved by the board and authorised for issue on 22 December 2024 and signed on its behalf by Alain Emerson Director The note5 on page$ 11 to 13 form part of the financial statements io
Shalom Life (A (•mpany Ilmlted by guarantee. noi havin8 share capltall NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 I. ACCOUNTING pouaES Basls of preparatlon The financial statements have been prepared under the historical c05t convention and In accordan with the Companies Att 2006 and Part 8 of the Charities Art (Northern Ireland) 2008. The financial statements have been prePad in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparlng their accounts in accordance wlth the Flnancial Reportlng Standard applicable in the UK and Republic of Ireland IFRS1021 (effective l January 2015) (Charities SORP IFRS102)), the Companies Act 2006 and the Charitles {Accounts and Reports) Regulations (Northern Ireland} 2015. Cash flow statement The company has availed of the exemption in FRS102 from the requirement to produce a cash flow statement because it is classified as a Small company. Incomln8 resources All incomin8 resources are included in the Statement of Financial Activities when the charlty is legally entitled to the income, the amount can be quantified with reasonable accuracy and there is reasonable certainty of its ultimate receipt. Grants for activities are reco8nised as income when the related conditions for legal entitlement have been met. All other Income Is accounted for on an accruals basi5. Resources expended Expenditure is accounted for on an accruals basls and has been classlfied under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activitie5 on a basis consistent with the use of resources. Taxatlon The charity is a reglstered charity and so such Is entitled to certain tax exemption5 on Income and profits from investments and surpluses on any trading activities carried on in furtherance of the charitrfs primary objectives, if these profits and surpluses are applied solely for charitable purposes. li
Shalom Llfe {A tompany limltèd byguarantee. not havlnB sharè tapitall NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 Fund accountln The company has various types of funds for which it is responsible and which require separate disclosure. A definition of the various types of funds is as follows: Unrestricted funds Funds which are expendable at the di5cretlon of the directors which have been des18nated for specific purposes in furtherance of the objectives of the charitv Restricted funds Fund5 recelved which are earmarked by the donor for specific purposes. Such purposes are within the overall aim5 of the company. Further explanation of the nature and purpose of each fund is Included in the notes to the financial statement5. 2. ANALYSIS OF RESOURCES EXPENDED Charitable Activities 2024 Support Cost5 2024 Total 2024 Total 2023 Rent & Service Charge Programme Activities Heat & Light Wa&es Insurance Repairs to buildln8 Stationery Legal & Professional Bank fees Sundries 4,900 531 753 10,242 209 255 1,165 720 232 96 1.165 720 232 96 12 194 12 194 246 3.662 Totals 7,613 206 7,819 20.798 12
Shalom tife IA compary Ilmlted by luarantee. not havini share iapEtall NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March Z024 ANALYSIS OF NET ASSETS BY FUND Current Assets Current Liabllltles Total Unrestricted Funds Restricted Funds 13,248 2,759 13,248 2,759 16,007 16.007 MOVEMENT IN FUNDS At Incoming Resources At l Apr 23 Resources Expended 31 Mar 24 Unrestricted funds General fund 17,547 2,800 {7,099) 13,248 Restrlrted funds 2,759 720 {7201 2.759 TOTAL FUNDS 20,306 3,520 {7,8191 16,007 STATUS The company is limited by guarantee not having share capital. The liability of the mernbers Is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members. and the costs, charges and expenses of winding up, and for the adjustment of the ri8hts of the contributors among themselves, such amount as may be required not exceeding £1. 9. POST BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the year end. 13